Business

Economy 10/02/22, 15:53

After the domestic and foreign yuan rates fell below 7.25, the Central Bank of China took action to curb the depreciation of the yuan. It did recover to 7.10 on September 30. But to the world the yuan is depreciating. Yang Bin, a mainland economic scholar, said to The ...

Trending 10/01/22, 16:38

The 20th National Congress of the CCP is approaching, and Chinese authorities have stepped up social controls in an effort to ensure "stability" before the congress. According to foreign media, regulators have privately told brokers and fund managers that they are not allowed to buy and sell stocks in large ...

Social problem 10/01/22, 16:32

Official data shows that the unemployment rate for Chinese youth in July, especially those aged 16 to 24, hit 19.9%, the highest on record. Recently, there was a rumor that if you want to work at Hunan Television, you must pay a fee. In this regard, some netizens complained, "The ...

Trending 10/01/22, 12:55

In view of the deep fall of the yuan, the People's Bank of China has reportedly told the country's main state-owned banks to prepare to get rid of their dollar holdings and exchange them for offshore yuan. Official sources informed Reuters that the communist regime's banking authorities have taken the decision ...

Insights 09/29/22, 15:55

The World Bank modified its forecast for China's economic growth in 2022. In April, the financial entity established a GDP growth of 5% annually. However, the consequences of the "zero-COVID" policy and the real estate market crisis reduced the expected growth rate to 2.8%. Economic experts and analysts expected a higher ...

Economy 09/29/22, 15:25

During a conference, Gautam Adani, Asia's richest person and one of the continent's most influential, predicted a dark future for China. In his speech, he said that "growing nationalism, supply chain risk mitigation and technological restrictions" could seriously affect connectivity with other economies, to the point of isolating the Asian ...

Tech 09/28/22, 16:17

China has recently witnessed unprecedented capital outflow including foreign investment and people's savings. The liquidity crisis is spreading across China, depositors' protests have become a hot topic despite repression from authorities. At this point, the digital yuan (e-CNY) is probably the Chinese Communist Party's perfect solution in preventing those customers ...

Trending 09/27/22, 17:10

China's ambitious plan with the "Made in China 2025" program, launched in 2015, is running into serious obstacles. The main goal of the program is to make the country self-sufficient and thus less dependent on imports from abroad. The race for Chinese growth is more focused on technology and the ...

Corruption 09/27/22, 16:55

"Made in China 2025" was first revealed in May 2015. It aimed to use regime subsidies, mobilize state-owned enterprises, and pursue intellectual property acquisition to catch up and surpass the West's technological prowess in advanced industries by 2049. However, about seven years after Beijing launched the plan, policymakers and security officials ...

Economy 09/26/22, 15:01

In addition to the fees that Chongqing and Yunnan impose for all quarantine points, officials in Neijiang, Sichuan, require anyone who does not get nucleic acid tests to finance their own seven-day quarantine at a cost of 273 yuan (about $40) per day. Some Chinese officials have acknowledged that the ...

Social problem 09/23/22, 18:34

Recently, officials in Chengdu, Sichuan province, China, ordered locked-down food service shops to install electronic surveillance robots upon reopening. Because of the Chengdu lockdown, the food service industry is in a state of ruin. The installation of electronic robots was another wave of exploitation by the communist regime. The social media ...

Sri Lanka 09/20/22, 18:36

Not long ago, the actual situation of the Chinese regime's debt elimination for 23 loans from 17 African countries was revealed by research organizations. However, the total debt elimination is only about 1% of the total amount the Chinese regime lends to Africa. In recent years, more and more countries that ...

Corruption 09/20/22, 17:20

Larry Fink, CEO of BlackRock, the world's largest money management company, said: "Markets don't like uncertainty. Market likes actually totalitarian governments where you have an understanding of what's out there..."  So it's no surprise that China's best-known tech companies decided to list on American Exchanges, where investor demand always outstrips stock ...

Economy 09/19/22, 18:17

So far, the Russia-Ukraine war and the West's response have been evaluated as a gift to China. The successive sanctions that the West and the United States have targeted against Russia have isolated the country's financial system from the EU. Russia needs a solution for the financial sector. This is creating ...

Economy 09/19/22, 15:48

Mainland China's semiconductor industry not only failed to surpass Taiwan, but also had a serious wave of bankruptcy due to the "zero-COVID" policy. According to statistics, in the first eight months of this year, up to 3,470 chip manufacturing companies in China closed and the number of bankruptcies reached a ...

Corruption 09/18/22, 16:30

Recently, the construction of a two-story luxury public toilet in rural Changchun, Jilin province, has attracted public attention. The local authority responded that this is to facilitate people to go to the toilet while walking and is also a waste transfer station. However, the authority's response has drawn ridicule and ...