Chinese economy
Medical investigation reveals the Chinese people’s miserable life during the pandemic
Recently, Dingxiang district, Shanxi province officially announced a report on a positive case of contact concerning a delivery worker. The investigation demonstrates the difficulties migrant workers have during the COVID-19 outbreak. On November 6, the Office of Disease Prevention and Control of Dingxiang District, Shanxi Province released a report on a ...
Foreign investors withdraw billions in October, China’s economy in difficulty
On November 9, preliminary statistics from the Institute of International Finance (IIF) indicated that the size of foreign investment capital withdrawn from the Chinese market in October amounted to $8.8 billion. The association argues that the Chinese economy is facing internal and external troubles. According to IIF data, the equity capital ...
Six months of capital outflow: Is Xi Jinping fighting a losing battle to save the market
China's capital market has experienced capital outflows for six consecutive months. Bloomberg said that investors' confidence in China's financial market appears to be running out, the market rebound is not durable, the multiple support actions promised by Beijing have not brought actual results, and the risks in the Chinese market ...
Expert: Beijing’s economic stimulus fails, officials ‘lying flat’ and waiting
In the face of the economic downturn, the Chinese regime has failed in response measures and can no longer use large sums of money to stimulate economic growth. As a result, analysts point out that the Chinese Communist Party (CCP) is in trouble, the debt has piled up, and the ...
Why China’s ‘lending ceases’ is a symptom of a wider crisis
Real estate has always been the engine of China's economic growth, and a wave of loan suspensions caused by unfinished buildings is hitting Chinese property developers and the country's real estate market hard. However, analysts pointed out that the real threat to China's economy is not the wave of loan ...
China’s real estate market functions like a cancer cell: Systematic collapse foretold!
"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 ...
China’s economic nightmare: Millions of debtors could default on their mortgages
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 ...
China: People in many places have to pay 30 years to enjoy health insurance
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 ...
Bank deposits frozen: The government takes action to appease depositors, revealing a ‘white collar’
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, ...
Turnover decreased drastically; financial pressure increased, people’s livelihoods in jeopardy
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 ...
Accidental or intentional? Li Keqiang ‘smashed’ the propaganda of the Central Propaganda Department
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, ...
China: Decades-low economic growth target versus increasing defense spending
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 ...
Wall Street doesn’t want to let go of China despite last year’s results
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 ...
Scholar: If capital flows supervision method adopted, China’s foreign trade system would collapse
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 ...
Debt risk from Chinese local authority investments
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 ...
China levels up crypto crackdown with jail sentence
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 ...
How CCP policies exacerbate the stagnation of China’s economy
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 ...
China’s financial market sends out 3 red flags to foreign investors
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 ...
China’s weak consumption over Lunar New Year may signal ‘worsening economy’, analysts say
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 ...
Home trade volume in 29 leading Chinese cities drops by 46%
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 ...
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