US warns: Building a naval base on the Atlantic coast is ‘Chinese regime’s biggest threat’
Classified U.S. intelligence revealed that the Chinese Communist Party (CCP) intends to establish its first permanent military base underground on the Atlantic coast of Africa, which would pose a more significant threat to the United States. China's presence off the coast of the West African nation of Equatorial Guinea would allow ...
17 major Chinese real estate firms have stocks fall more than 50%
More than a dozen major real estate firms in China have seen their stocks nosedive, according to a report. There are more than 30 real estate companies worth over $30 billion in China. 17 of them have had their stocks drop more than 50%, compared to the peak in 2018. Throughout this ...
Why are Chinese companies forced to withdraw from the US?
The U.S. Securities and Exchange Commission announced on Dec. 2, that companies listed in the United States must prove whether they were owned and controlled by government entities and provide evidence for an audit inspection. Bloomberg said the final plan of the "Foreign Corporate Liability Act" requires foreign companies to disclose ...
CCP Ministry of Foreign Affairs shamelessly says China is a worthy democratic country
China's Vice Foreign Minister Le Yucheng said on Dec. 2 that President Biden invited Taiwan to the "Democracy Summit" without asking China, showing that the conference is just fake democracy, anti-democracy. He even said that China is a worthy democratic country. In response to this statement, Wang Dan, a Chinese pro-democracy ...
Evergrande founder sells Hollywood Hills mansion at loss
Chinese billionaire Xu Jiayin, founder of Evergrande—China’s largest real estate developer, faces Evergrande’s bond defaults. Earlier, the media reported that the Chinese Communist Party asked Xu Jiayin to use his assets to ease Evergrande’s debt crisis. After selling much of his personal property in Hong Kong, Xu Jiayin continued to sell ...
Trudeau’s progressive policy could jail parents who treat their children’s gender dysphoria
A pro-LGBT Canadian bill that bans what is known as "conversion therapy," which helps minors and adults with gender dysphoria, passed the House of Representatives on Wednesday. Parents who object and raise their children according to their moral or religious beliefs could face jail a pro-life organization charges. The national organization ...
China erases Lithuania in ‘draconian’ trade ban, removes the country from its custom systems
According to Creaders, China Customs has quietly deleted all information related to Lithuania, which means that Lithuanian goods cannot be imported into China. This is a response to Lithuania's permission for Taiwan to open its Taiwan representative office in Lithuania. Responding to this, Lithuanian Finance Minister Gintarė Skaistė announced on Dec. ...
Sluggish business: Carrefour closes 14 stores in the first two months, Walmart shuts down its oldest store in China
According to International Finance News, Walmart supermarket's first grand location, Walmart Honghu in Shenzhen, will close permanently on Dec. 7. In recent years, Walmart has closed nearly 100 stores in Mainland China. According to Jiemian News, citing a report on Dec. 5, Carrefour closed 14 stores in the first two months ...
The US to Lead Global Effort to restrict authoritarian regimes access surveillance technology
According to the Wall Street Journal. Biden government officials are planning to limit surveillance tools to authoritarian regimes globally. The plan will be announced at the first US-led democracy virtual summit to be held on the 9th and 10th of December. An agreement will be reached between the countries on export licensing ...
Evergrande on the verge of bankruptcy due to illiquidity, but the Chinese regime puts money within its reach
After real estate giant Evergrande announced three days ago that it might not be able to pay a $400 million maturity on Dec. 7, the Chinese communist regime increased the money available for loans by $190 billion. In this case, Evergrande could access that fund to alleviate heavy pressures from creditors ...
After iQiyi, a wave of layoffs in the internet industry sweeps over China
Beijing authorities closely monitor the internet, games, advertising, and other areas. The online world in China has become more challenging than ever. News of Layoffs’ by companies such as Tencent, Alibaba, Byte, and iQiyi are stressing out many office staff, causing them to “Prepare for rainy days.” According to a report ...
More nationalization is coming to China’s property industry
China's private homebuilders may find it challenging to maintain their anonymity for much longer. Evergrande, the country's most indebted developer, has acknowledged the possibility of a legal default. However, officials are under pressure to keep the sector from imploding without bending their hard line on debt levels, with $10 billion in ...
US upsets the CCP with a diplomatic boycott of the Games
The Biden administration announced today they will carry out a diplomatic boycott of the Olympic Games in Beijing 2022. Although it only implies that no U.S. official will go to the event, the gesture of the American government will have a profound impact on the image of the Chinese Communist ...
‘You are a heretic!’ Greek Orthodox priest berates Pope Francis
Pope Francis met with authorities of the Orthodox Church in Greece during the weekend of December 4. When he was entering the establishment where the meeting was to take place, an extremely uncomfortable situation arose when one of the veteran priests rebuked him and accused him of being a "heretic." Francis ...
Scandal in the British Parliament: Cocaine found in 11 out of 12 Westminster’s restrooms
A well-known British newspaper published a report on Sunday, Dec. 5, claiming that in 11 of the 12 toilets in the Westminster building, traces of cocaine were found, including in the toilets near the office of Prime Minister Boris Johnson and Home Secretary Priti Patel. The report made by The Sunday Times, which ...
‘Dark ash thick clouds’: Indonesian volcano eruption kills 13
After a rapid eruption prompted by heavy rains on Saturday, Dec. 4, Mount Semeru in Lumajang district, East Java province, Indonesia, blasted thick columns of ash of more than 40,000 feet (12,000 meters) into the sky, and burned gas and lava streamed down its slopes, several settlements were engulfed in ...
Behind iQiyi’s layoff: Losing money over time, decreasing number of users
The big news in the tech industry these days is nothing other than the recent layoffs at iQiyi, a Chinese streaming platform based in Beijing and Shanghai. According to Apollo News, iQiyi's layoffs involve most departments and most of them were at the director-level and high-paid employees. IQIYI is the first of ...
Report: China monitors students on US campuses
Even as Chinese students arrive in the free world, such as the United States, it does not mean they are safe from authoritarian control back in China. Zhihao Kong, a student at Purdue University in Indiana, is an example of how the Chinese Communist Party (CCP) subdues mainland voices against it ...
Another European delegation visiting Taiwan
As Taiwan's central news agency said on Dec. 3, a group led by Slovak Economy Minister Karol Galek will visit Taiwan from Dec. 5 to 10.Then, he will host the first ministerial-level economic and trade consultative meeting between Taiwan and Slovakia.As previously said in October of this year, Taiwan has ...
China asks Didi to delist from US, SoftBank Group stock drop more than 2%
Chinese online ride-sharing company Didi Chuxing announced on Weibo on December 3rd that it has begun withdrawing from the US stock market. A Didi investor at its headquarters in Beijing told the Financial Times that it is unlikely that any significant shareholder would oppose the delisting. Major shareholders such as SoftBank, ...
