Shocking video of how Beijing gradually controls people’s assets

Economy 09/16/22, 15:08

Recently, a video titled "Everything is under control and cannot escape the devil's claws" has attracted attention on Chinese social media, where comments are closely monitored. In the video, a man shows how the CCP has gradually found the wealth of the rich at home and abroad over the past ...

China National Railway Corporation’s debt and losses are huge

Trending 09/04/22, 14:53

China National Railway Group Co., Ltd (hereinafter referred to as China Railway Group) had a total debt of 6 trillion yuan ($874.79 billion) and a net loss of 80.4 billion yuan ($11.72 billion) in the first half of this year, more than the total losses of the three major airlines ...

How critical is China’s budget shortage?

Economy 08/26/22, 17:19

The hidden debts of Chinese local governments has continuously broken records in recent times. Up to half of them have fallen into financial distress and are waiting for financial support from the central government. The banking system, as a matter of fact, has also fallen into crisis. It all stems ...

8 points show Chinese economy ‘in desperate situation’

Economy 08/25/22, 16:57

China's economy barely escaped contraction in the second quarter, according to analysts, as consumer and factory activity faltered in the face of repeated pandemic lockdowns. According to FT, the Chinese economy seems to be in a “desperate situation” with 8 points showed as follows: 1. Retail sales and industrial production rose ...

Insurance money cannot be withdrawn, people confront Bank of Beijing

Economy 08/22/22, 15:22

On August 19, the Beijing Health Insurance Bureau issued a notice on adjusting health insurance for urban workers. It stated: “From September 1, 2022, the insured amount in the personal account will be used for special purposes and the insured person is not free to withdraw money,” which confused people. That ...

UK-China tensions increase, British companies choose to leave China

Economy 08/03/22, 16:12

The race for Britain's new Prime Minister is underway, and the two candidates vying for the top job are both tough on the CCP on foreign policy. British business people with deep commercial ties to China are severing business ties with Beijing and turning to other countries amid concerns that ...

CCP meeting chaired by Xi Jinping: No mention of GDP growth target

Insights 07/30/22, 17:53

On July 28, Xi Jinping chaired a meeting of the Politburo of the CCP Central Committee to evaluate the epidemic prevention and economic development. For the first time, he mentioned: "ensure the real estate market's stability and address the risks of rural banks." It is worth noting that the meeting did not ...

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