China urges state-owned builders to buy insolvent debts from real estate firms

China 01/08/22, 15:40

The Chinese Communist Party (CCP) will ease debt rules to facilitate state-owned property developers to buy up assets of indebted private peers facing a liquidity issue. According to Reuters, the Chinese authorities have urged state-owned builders to examine the assets of private firms experiencing liquidity problems as an increasing number of ...

7 economic potholes loom before the end of the year for Xi Jinping

Politics 12/14/21, 02:44

Recently, a statement appeared saying that the Xi Jinping administration "raised" a lot of gray rhinos. The information was widely circulated in mainstream media. "Grey rhino" is originally a metaphor that refers to the ignorance of obviously bad things that eventually causes significant crises. The Epoch Times reporter investigated China's economic ...

Withdraw from China: Wal-Mart closes four stores a day, 80 stores closed in 4 years

World 12/12/21, 16:06

On Dec. 7, Walmart—an American multinational corporation and the world's largest retailer, closed four stores in China, including Shenzhen Honghu Store, Wuxi Taihu Store, Chongqing Beicheng Store Tianjie, and Taiyuan Sanqiang Road branch. Previously, on Dec. 3, Wal-Mart's Wujiaochang store located in the central business district in Shanghai announced that it ...

Chinese tech suffers from the economic slowdown and government restrictions

World 12/05/21, 14:45

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 ...

China’s economy continues to exist by taking advantage of the US

U.S. 11/20/21, 17:30

Nathaniel Taplin, an economic and financial columnist for The Wall Street Journal, in an article titled "China's Economy Rests on Three Shaky Legs," analyzed China's economic troubles. Taplin said that the Chinese economy is suffering on all sides: power outages, heavy debt, challenging transportation routes, and the outbreak of Delta variant ...

China wants bigger role in setting international rules for digital economy

World 11/14/21, 20:54

China has announced its ambition to play a greater role in setting the rules for the international digital economy and criticised the United States for trying to use the international order to contain it, SCMP reported. In a forum on international laws in Beijing on Friday, foreign vice-minister Xie Feng said: ...

Donate to survive: How long can China’s state-driven philanthropy last?

World 11/10/21, 18:03

Entrepreneurs are scrambling to lavish tens of billions of yuan in China to respond to President Xi Jinping’s “common prosperity” appeal. Still, experts say that such donations are unlikely to stem from their sincere philanthropy, and they will possibly stop doing so once political pressure goes away. In a recent ...

China’s economic transformation has come to a halt

World 11/01/21, 04:43

China's economic development is currently decreasing, but the country's internal problems have long been unaddressed. China's third-quarter economic growth was 4.9 percent, and analysts predict that future growth would be considerably worse, with some even predicting that GDP growth in the fourth quarter will fall 4 percent or less. China's economic growth ...

Signs of economic woes ahead for China: Falling factory activity and its causes

World 10/31/21, 01:52

China's factory activity declined more than expected in October to shrink for a second month, hurt by persistently high raw material prices and softer domestic demand, signaling more economic distress in the final quarter of 2021, Reuters reported. Sign of stagflation Data from the National Bureau of Statistics (NBS) showed on Sunday ...

Is the CCP’s dollar currencies running out? Some signs seem to say so

World 08/25/20, 15:18

The Chinese social network Sina Weibo published on Aug. 24, "The service of liquidation and sale of currencies of the State Administration of Currencies of China is suspended," according to alternative media Gnews. Then the message was removed from the site.   Then, on the same day, some internet users who apparently ...

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