Opinion
China might eliminate high-denomination banknotes, promoting digital yuan: Expert
According to Apollo News, a recent video from a noted Chinese finance expert has disclosed that China's central bank plans to eliminate high denomination banknotes by 2025. In footage circulated on social network platforms, Lu Dingjie, a Chinese finance expert, said the country's central bank has a timetable to eliminate large ...
Many American Chinese line up to ask for refund of deposit; Many people become wanderers in Macau
1. Netizens comment on bank treatment of depositors While Chinese people are concerned about trouble with withdrawals at Henan Bank, footage from May has sparked a discussion. The video posted on Weibo on June 25 shows many American Chinese lined up in front of the Chase Bank to ask for a refund ...
8 million netizens gave their opinion in response to CCP request: A pointless exercise
On June 26, the online consultation activities carried out under an order from Xi Jinping received millions of opinions from the people. However, experts said the referendum was simply a show play, and the CCP would ignore it. Previously in February, Xi gave instructions to gather and study citizens’ opinions and ...
Shanghai claims a win in the battle against the epidemic; citizens think differently
LiQiang, secretary of the Shanghai Municipal Party Committee, on June 25, announced at the congress that Shanghai had achieved a dynamic social reset and won the battle to defend the greater Shanghai from the epidemic. But local citizens believe that the authorities are covering up the truth. A Shanghai resident from ...
Bank deposits are frozen, Japan media official says China runs out of cash
Recently, a lot of Chinese commercial banks have been displaying their own capital problems after depositors faced difficulties in withdrawing money from many rural and urban banks. The issues of frozen deposits have been found at lenders in Henan, Shanghai, Shenzhen, Liaoning and other places, triggering social protests. In this regard, Yaita ...
China state-controlled TV said the US is renovating an airport to deal with China
According to Apollo News, Chinese state media CCTV reported that the U.S. military renovated the North Field Airport as a backup airport for Anderson Air Force Base in Guam. CCTV said that this U.S activity is basically to deal with China. Guam is a U.S. territory located some 1,800 miles from ...
CCP infighting: Expert says corruption is an excuse to purge political foes
A handful of Chinese officials have been purged recently as the infighting within the communist party (CCP) is getting fiercer ahead of its 20th National Congress. According to an independent news outlet, infighting has occurred between the incumbent President Xi Jinping's factions and his opponents, particularly those loyal to former leader ...
China’s Belt and Road Initiative will eventually fail: Expert
Commenting on the fate of China's Belt and Road Initiative, current affairs commentator Wang He told Chinese media Da Ji Yuan on June 17 that the Belt and Road Initiative project would eventually fail. Wang gave three reasons to support his statement. First, China's Belt and Road Initiative causes many problems ...
Chinese regime wants to steal two key oceans: Expert
Before the world could realize it, China has expanded its influence over the two most critical oceans globally, the Indian and the Pacific. As researcher and essayist John Mac Ghlionn stated in a column for Chinese media Da Ji Yuan, China has “stole[n] two of the world’s most important oceans.” Like ...
Taiwan confirms it could target Three Gorges Dam with missiles to deter China, says expert
On June 12, Taiwan's Legislative President announced in a video speech that the island has mass-produced a supersonic Yunfeng missile. This is a missile with a range of more than 1,200 miles, which means it can reach and hit China's capital, Beijing. Professor Zhang Tianliang, a news commentator, shared his view ...
China’s zero-Covid policy to extend into 2023: U.S. envoy
On Thursday, June 16, Nicholas Burns, the American envoy in Beijing, said that he expects Beijing's zero-Covid to persist into early 2023. In an online event hosted by the Brookings Institution think-tank, the envoy said, "My own assumption is that we'll see the continuation of 'zero COVID' probably into the beginning ...
Taiwan need be heedful of China’s two recent moves: Japanese expert
Japan's "Sankei Shimbun" Taipei bureau chief Yaita Akio said in a Facebook post on Tuesday, June 14, that China has taken two recent measures that could have a big impact on Taiwan's future. The first is China's declaration to the world community that the Taiwan Strait is China's inland sea, and ...
23% of US companies in China cut investment plans, 93% lower revenue forecasts: Poll
The American Chamber of Commerce (AmCham) in Shanghai released a June Covid Impact Survey report on June 15. The results show that just below a quarter of local U.S. companies have cut their investment plans, while 93% are reducing their revenue projections for the year. According to Channel NewsAsia, the pessimistic ...
Will China’s economic crisis lead to the collapse of the communist regime?
China's economy is at a critical moment, with various threats from outside and inside. The communist regime struggles to rescue the economy, but are their measures effective? In this analysis, we will dig down to the root cause of China's economic perils and evaluate the possibility of a political collapse ...
70% of Hong Kong youth “lying flat” due to pressure: survey
According to Chinese overseas media, the Hong Kong Society for Community Organization and the New Youth Rights Concern Association conducted an online survey of 100 young people from February and May. They seek to find out the root cause behind the recent “lying flat” movement among the youth. The results show ...
Expert explained reasons China scared of Musk’s Starlink
Brandon Weichert, a space expert was cited by ET on June 8, saying that Elon Musk's Starlink makes the Chinese Communist Party (CCP) "nervous." Starlink is a satellite internet constellation operated by Musk’s spacecraft company SpaceX. Currently, Starlink consists of over 2,400 satellites that orbit the earth at an altitude more ...
