Evergrande defaulted on $260 million debt: Bankruptcy could be next
According to the EpochTimes commentator Li Muyang, on Dec. 3, China's Evergrande Group announced it had defaulted on a debt of up to $260 million. This announcement by Evergrande may result in Evergrande's bankruptcy. The impact of this incident will be huge. However, a spokesman for the China Banking and Insurance ...
US to impose new sanctions targeting corrupt actors and human-rights abusers
The U.S. is expected to introduce new sanctions targeting world officials at the "Democracy Summit" scheduled between Dec. 2 and 10. The penalties will be against foreign government officials and those involved in corruption and human rights violations. According to Reuters, the Department of the Treasury said on Dec. 1 that they ...
US Customs seizes $30 million in counterfeit goods from China
The U.S. Customs and Border Protection (CBP) said on Dec. 2 that it had seized counterfeit designer products worth more than 30 million U.S. Dollars. The goods purported themselves of those luxury brands like Gucci, Chanel, and Louis Vuitton. The CBP said all sourced from a Chinese shipment in a news ...
Chinese regime, Saudi Arabia and Qatar use sport events to hide their crimes, strong criticism from Amnesty International
Lucrative sports events are increasingly used by countries such as China, Saudi Arabia and Qatar to "launder their image," as Amnesty International UK stated. These three countries are accused of human rights atrocities, yet, they host some of the world's most profitable athletic events and use sports to make headlines. Felix Jakens, ...
Beijing says monetary policy easing is unrealistic, regardless of worsening economic crisis
According to Reuters, in the context of growing economic difficulties whipped up by the property sector crisis, expectations the central bank will ease policies have surged in China, which were dismissed as 'simplistic' and misleading by a newspaper run by the regime. On Friday Dec. 3, Chinese Premier Li Keqiang announced ...
Wang Sicong’s Panda Entertainment debt property has been auctioned
According to "Vista Watches the World" report on Dec. 4, Wang Sicong, the only son of China's billionaire Wang Jianlin of Dalian Wanda, has publicly auctioned the company credit assets under the name of Panda Interactive Entertainment Culture Co., Ltd. ((referred to as Panda Interactive Entertainment) on the auction platform. The ...
20 countries refuse to sign ‘truce’ for Beijing Olympics as they consider a diplomatic boycott
As Beijing Winter Olympics is approaching, 20 countries have refused to sign a truce with China ahead of next year’s Winter Olympics amid growing pressure for a diplomatic boycott of the event, the Sydney Morning Herald reported. The refusal to sign the Olympic Truce, a tradition that dates back to ancient ...
Facebook & Twitter delete thousands of accounts pushing Chinese propaganda
According to RFA, Facebook and Twitter have deleted thousands of Chinese regime propaganda accounts. Facebook deleted 600 accounts from their Facebook and Instagram platforms, while Twitter removed nearly 2,000 users. Facebook said on Dec. 1 that one fake account belongs to a fictitious Swiss biologist named Wilson Edwards. This account spread ...
Australian MP’s propose boycotting the Winter Olympics in Beijing
Australia's NewsWire reported on December 3rd that Eric Abetz, a Liberal senator, launched a "diplomatic boycott" to boycott the 2022 Beijing Winter Olympics. He has been supported by the opposition Labor Party. Senator Penny Wong from the Labor Party said she would work with the Australian government to reach a consensus ...
Amazon instigated the most intensive ban of Chinese sellers before Black Friday
The annual Black Friday event is one of the biggest shopping events in the world, especially in the recent year, Black Friday evolved with online shopping, and their promotion period extended until Monday, called Cyber Monday. Amazon is the biggest online shopping website in North America and in many other countries. Wang ...
Chinese real estate Kaisa Holdings on the verge of bankruptcy, stock price drop 75% in 2021
Kaisa Group is the second-largest issuer of U.S. dollar bonds among Chinese property developers, as reported on Friday, December 3rd. Kaisa's closing price fell 8.82%. This is far below the 0.09% drop in Hong Kong's Hang Seng Index, cumulative this year it is down 75%. The group previously stated that it had ...
Didi Chuxing delisted on NYSE after CCP’s investigation
On December 3, Didi Chuxing Technology Co was delisted on the New York Stock Exchange. Didi is a ride-sharing platform that shares a similar business model to Uber of the U.S. Internal information from a state-owned securities company said that the Cyberspace Administration of China had not allowed Didi to list ...
Chinese Foreign Ministry grills Japanese ex-PM for urging US to treat Taiwan threats as emergency
China responded swiftly and defiantly after the former Japanese Prime Minister urged the U.S. and its allies to defend Taiwan. Former Japan Prime Minister Shinzo Abe on Wednesday, Dec. 1, stated at a virtual forum that "a Taiwan emergency is a Japanese emergency, and therefore an emergency for the Japan-U.S. alliance." Grilling ...
Didi shares drop more than 20% after plan to delist from the US
Ride-hailing giant Didi Global saw a significant drop in stocks after it announced moving away from the New York Stock Exchange Friday, Dec. 3. The company's stock dropped 22.17%, resulting in a market value loss of $8.4 billion. Reuters noted that Didi shares have dropped around 57% since their June 30 ...
NY Times attacks France for preferring to limit immigration and give priority to its citizens
A recent New York Times article criticizes the French for their "anti-immigration" environment that limits a greater influx of foreigners, despite acknowledging that they prefer their own people rather than immigrants. "Current immigration policies, she added, stifles economic growth and the economic recovery from the pandemic," he mentions quoting economist Emmanuelle ...
Microsoft takes significant move toward using DNA in Data Storage
In the context of a dramatic increase in data generation, the idea of storing data in single molecules that hold our genetic code (DNA) has come to the fore as a possible solution. DNA in Data Storage With around 2.5 million gigabytes of data generated every day, the amount grows enormously each ...
Chinese tech suffers from the economic slowdown and government restrictions
2021 has been a challenging year for tech companies in China. Some of China's biggest tech giants had weak revenue growth from July to September this year, and all eyes are on the macroeconomic slowdown and government restrictions, the Chinese Epoch Times reported. Tencent, a social media and video game tyrant in ...
Under National Security Law, Hong Kong education lose 4,500 students
According to Deutsche Welle's report, the wave of dropping out of school in Hong Kong has attracted the attention of foreign media. A wave of migration broke out in Hong Kong when the "National Security Law" was enacted, and the consequences are constantly looming. According to a newly published research report, ...
China condemns Japanese ambassador then receives blunt response
Former Japanese Prime Minister Shinzo Abe said on Monday, Nov. 29, that the U.S. and Japan will not stand by and watch the Chinese Communist Party destroy Taiwan. On Dec. 1, Abe added that "a military adventure would be the path to economic suicide." “We must keep reiterating that peaceful ties between ...
Hero pilots keep ‘out of control’ plane from crashing for 5 hours, saving 200 passengers
Heroic pilots fought for five hours to prevent an "out of control" plane from crashing in Siberia, saving nearly 200 people, including 25 children, from certain death. The terrifying incident happened when the S7 Airline's Airbus A321 plunged toward the ground shortly after taking off from Magdan airport in eastern Russia. Just ...
