China economy

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 ...

Economy 09/13/22, 16:56

The announcement that Apple will start the production of its iPhone 14 in India at the end of October accelerated rumors that the company was looking to move its production out of China. Although it is not yet possible to cut off its dependence on the Asian giant, this first step ...

News 09/12/22, 16:01

Residents of the western Xinjiang region have taken to social media to voice their grievances over COVID-19 closures and the lack of food and supplies sufficient to survive prolonged confinements. Ili Kazakh prefecture, also known as Yili, in northern Xinjiang, with a population of more than 4 million people, has been ...

Trending 09/11/22, 13:17

One of the most prominent think tanks in the United States, the Hudson Institute, held a webinar on September 9 with participants Dr. Patrick Cronin, Dr. Thomas J. Duesterberg, and Dr. John Lee. The main topic was the differences between U.S. and Chinese economies. The U.S. wants to disengage from ...

China 09/08/22, 17:20

In March, China announced that it expected GDP growth to be 5.5%, however, according to a report by Goldman Sachs, not only will they not reach that figure that figure but China's GDP may reach 3%. July's economic reports showed a drop in consumer purchases, industrial production declined, and investments were ...

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 ...

Trending 09/02/22, 16:20

For decades, China has been accused of currency manipulation. The reason for the Chinese Communist Party devaluing the yuan is to ensure that goods made in China are so cheap that other countries cannot compete. They dominate exports and bring a large amount of foreign currency to the country. But ...

China 08/29/22, 14:42

The Guandong provincial government reported 11 new cases of COVID-19 in the city of Shenzhen. In order to reinforce the zero COVID policy, authorities ordered a total shutdown of some districts, including Huaqiangbei District, one of the largest electronics markets in the world. How will it impact local and international ...

Economy 08/28/22, 15:25

As China's economy continues to decline and youth unemployment hits record highs, the Chinese Communist Party is pushing the elderly to work. Many netizens are not happy about this. Some observers believe this is because the CCP's finances are in crisis and it wants to avoid pay out pensions. People are ...

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 ...

Corruption 08/26/22, 13:42

Recently, many retired cadres in Weining County, Guizhou province filed complaints that the pension insurance funds for more than 1,800 village cadres was appropriated by the provincial government. Without their pensions life is very difficult. According to NTDTV, some the cadres have resorted to the internet, pointing out that they ...

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 ...

Trending 08/24/22, 18:37

Recently, NetEase News published an article titled "Southern Normal University Professor Li Jiange: The common people should spend the money they earn on the party and civil servants." The article aroused criticism, prompting NetEase to delete it, showing a 404 error when searching on Chinese Baidu. Vision Times republished the content ...

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 ...

Trending 08/20/22, 14:22

Following the bus drivers' strike in Dancheng, Henan last week, many sanitation workers in Yongnian district, Handan city, Hebei went into the streets on August 16 because they had not been paid for 5 months. Sina reported that on August 17, the staff of the Yongnian District Letters and Calls Bureau ...

Economy 08/18/22, 14:04

On August 16, at the opening ceremony of the Real Estate Expo of Shimen District, Changde City, Hunan Province, Deng Bibo, secretary of the Shimen District Party Committee called on people to buy as many houses as possible, that is, “If you already bought one property, then buy a second ...

China 08/16/22, 15:22

In the name of pandemic prevention, Hainan province suddenly announced the closure of Sanya city on August 6. Chinese Vice Premier Sun Chunlan, on August 13, admitted that about 150,000 tourists had been stranded. Feeling desperate after being stuck for a long time and the cost of hotels too high, ...

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 ...

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 ...

Disasters 07/27/22, 17:34

Evergrande Group, the Chinese real estate giant that, with its unprecedented debt, dragged the entire Chinese market into a deep financial crisis, is now back on the front pages after its board of directors asked three of its top executives to resign on corruption charges. Chief Executive Officer (CEO) Xia Haijun, Chief ...