Chinese economy

Insights 07/28/22, 16:55

"A popping sound, not unlike the finale of a fireworks show, echoed through the area, and a cloud of dust billowed up into the air"... "In less than a minute, they collapsed into piles of rubble." This description by Nikkei Asia is not about an earthquake, but depicts the unfinished ...

Corruption 07/25/22, 17:58

The Chinese economy continues to sink, apparently irrevocably. Now, the debtors in the real estate sector refuse to continue paying their mortgages early. They are tired of losing their life savings due to the industry's failures. Those interested in housing from companies linked to the Chinese regime are losing confidence in ...

Social problem 07/17/22, 15:57

Recently, the provincial government of Guangdong, Shandong, and other parts of China issued a notice to increase the minimum payment term of workers' health insurance to 30 years for men and 25 years for women. The move sparked heated debate. Why did the authorities raise the minimum payment term? What ...

Morality 07/12/22, 17:48

As reported on July 10, a large-scale protest by depositors to ask for their rights broke out in Zhengzhou and was later violently suppressed by the authorities. Information about the incidents was censored and controlled on the Internet.  On the evening of July 11, the Henan Banking and Insurance Administration issued another notice stating that, ...

Insights 07/07/22, 17:28

Recently, the central government of China has implemented relatively substantial tax reductions, tax refunds, and other relief policies to save businesses to stabilize the economy affected by the epidemic, leading to a decrease in local budget revenues. The Chinese regime, therefore, has no choice but to adjust spending to protect ...

Economy 07/02/22, 16:21

Recently, the Propaganda Department of the Communist Party of China and the Premier of the State Council of the Communist Party of China has made completely opposite statements about the current living conditions of China's people.  Specifically, the CCP's Propaganda Department stated at the June 28 "China Decade" press conference that, since 2012, ...

Economy 03/10/22, 18:09

At the National People's Congress (NPC) meeting on Saturday, China set its economic growth target at around 5.5% this year—the lowest growth target in 3 decades. By contrast, the country hiked its annual defense budget by 7.1%. Presenting the government work report at the meeting, Premier Li Kequiang announced that China ...

Economy 03/08/22, 22:18

In 2021, Wall Street, which is fond of Chinese growth stocks, suffered a heavy setback. In an article reported in September 2021 by Reuters, China accelerated the pace of opening up its financial sector to U.S. firms after years. However, Beijing's new policy moves have rattled some foreign investors. They include ...

Economy 02/28/22, 03:54

In January this year, the People's Bank of China, or Central Bank, issued a notice that from March, local banks will need to register the source of funds when depositing and withdrawing more than $10,000 value in foreign currency from personal accounts. But early this week, the bank issued a ...

Economy 02/28/22, 02:43

China's economic growth has encountered an inflection point, making it challenging to keep its GDP growth rate at the same level as last year. According to many experts and academicians, the main drag on economic growth is consumption among three major demand factors: consumption, net exports, and investment. Beijing authorities are ...

Economy 02/27/22, 16:05

The Chinese authorities have gripped up their crackdown on cryptocurrency with prison terms announced on Feb. 24. According to a statement by China's Supreme People's Court, those who illegally try to raise funds through token sales from the public could face jail times ranging from less than 3 to over 10 ...

In-depth Reports 02/22/22, 06:12

Considered the world's second-largest economy, if you can believe its statistics, China went from annual growth of more than 10% for decades until the last four years when it began to decline to just over 2% per year. Although some external factors contributed to the economic downturn, the CCP's policies ...

Economy 02/09/22, 21:46

According to Chinese-language media Da Ji Yuan, the Chinese regime has liberalized finance to attract foreign investment in recent years. According to official data from the Chinese government, the cumulative net increase in foreign holdings of domestic bonds and stocks surpassed U.S. $700 billion from 2018 to 2021, representing a ...

Economy 02/09/22, 16:44

Sporadic outbreaks and travel restrictions have affected spending during China's week-long New Year's holiday. Some analysts warn that this downward trend signals that the economy could suffer even more. According to the Ministry of Culture and Tourism of China, during the seven-day Spring Festival holiday that ended Feb. 6, Chinese consumers ...

Economy 02/06/22, 16:17

According to a recent market research survey, China's embattled property market had cooled further in the first month of 2022.  Data released by the CRIC Research Center on Feb. 1 showed that as of last month, 29 leading cities in China were seeing a year-on-year decrease of 46% in the transaction ...

Economy 01/24/22, 05:19

Since the end of last year, some of China's wealthiest provinces have reported civil service pay cuts, and officials at the grassroots level of the regime have become unstable. For example, a public official in Jiangsu recently confirmed that their salaries had been significantly reduced since October last year. For ...

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 ...

China 12/21/21, 05:26

Bankers and lawyers expect unprecedented regulatory crackdowns in China to be extended into 2022, Reuters reported on Dec. 21. This trend aligns with Xi Jinping's plan to fortify state control over the private sector when he enters a historic third term as China's Communist Party (CCP) leader. The year 2021 has ...

China 12/21/21, 04:47

South China Morning Post reported from sources that the China-EU trade summit is being postponed as both regions found little common ground in their interests.The paper said the annual event had been rescheduled until next month. It was supposed to be hosted by the end of this year. The China-EU relationship ...

China 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 ...