Fantasia is struggling to cope with the dying real estate in China

China 12/10/21, 23:24

On Dec.3, The Paper reported that the leading property developer “Fantasia Group” is experiencing liquidity difficulties. They have officially canceled the transaction in the North China region. This seems to be the last gasp for them. Recently, in his farewell letter on the Internet, Huo Yong, president of the North China ...

Chinese spokesman: Regime would attack U.S. military if it defends Taiwan

D.C. 12/10/21, 15:32

After the National Security Advisor, Jake Sullivan supported Taiwan by declaring that his country would ensure that a seizure of the island "never happens," an official spokesman of the Chinese Communist Party (CCP) issued a strong reaction. The Global Times, which produces the CCP's propaganda, stated that the Chinese army "will ...

Evergrande to restructure all offshore public bonds amid debt crisis

China 12/10/21, 06:35

According to Sound of Hope, China’s debt-laden Evergrande property group plans to restructure its offshore public bonds and private debt. The change was China’s most remarkable asset restructuring of all time. Evergrande announced that it had encountered difficulties paying a $260 million guaranteed offshore bond on Dec. 3. The company still ...

International tribunal: CCP’s top official responsible for Xinjiang ‘genocide’

China 12/10/21, 06:29

Chinese communist leader Xi Jinping and other top officials of the Chinese Communist Party (CCP) bore primary responsibility for the “genocide, crimes against humanity and torture against Uighurs, Kazakhs and other ethnic minority citizens” in Xinjiang—declared the Uighur Tribunal on Thursday, according to Reuters. In recent years, over a million people, ...

Jiangxi official in China arrested for supporting crypto mining

China 12/10/21, 06:24

China's Supreme People's Procuratorate reported that Xiao Yi, the former Vice Chairman of the Political Consultative Conference of Jiangxi Province, was suspected of receiving bribes and abusing power on Dec. 7. Investigation files were turned over to prosecutors for review and prosecution. A few days ago, a wanted order was issued. ...

China: November real estate trade sinks to the lowest mark in 10 years

China 12/10/21, 01:48

China's Zhongxin Jingwei media posted on Dec. 7 that E-House Real Estate Research Institute has released the New Commercial Housing Transactions Report for November 2021.                    In November, 40 cities, including big cities like Beijing, Shanghai, Guangzhou, and Shenzhen, sold a total volume ...

Xi Jinping demands inspection of 6 gambling VIP rooms in Macau

China 12/10/21, 01:34

The recent arrest of a Macao liquor tycoon, Zhou Zhuohua, on Nov. 27 keeps Macau's gambling industry on its toes. According to Caixin.com, there are 6 VIP rooms in Macau's gaming intermediary industry. In addition to Sun City's involvement in the case, the other five are the Dejin Group of Chen Ronglian and Ji Xiaobo, Sheng Group, Guangdong ...

How a missing phone on a flight could precipitate a disaster

Australia & Oceania 12/10/21, 00:39

There are simple events that might cause tremendous unanticipated outcomes. Such could come from a common incident where a small and thin smartphone slipped away from its owner into a tricky corner, especially during a flight.  A passenger on a Qantas flight to Melbourne in 2018 fell into such a situation. His ...