Evergrande sells $1 billion land plot in Shenzhen amid debt burden

Economy 12/02/22, 08:06

Fighting for survival, the debt-stricken developer giant, China Evergrande Group, had to sell a large parcel of land on which it originally planned to build a high-rise building in Shenzhen. Bloomberg reported that Evergrande sold the land plot with an area of 111,700 sq ft (10,377 sq m) for $1.05 billion ...

China’s regime may face worst crisis since Tiananmen protests, says expert

Insights 12/02/22, 07:54

Since the fire on November 24 in Xinjiang, protests against the Chinese Communist Party (CCP)'s zero-COVID policy have taken place consecutively across China.  This has been a rare phenomenon in China since the Tiananmen protests of 1989. According to the New York Times, long lockdowns have left workers struggling with food shortages ...

China bans scenes of fans not wearing masks at World Cup

Social problem 12/02/22, 07:49

China has maintained a strict “zero-COVID” policy since the pandemic began three years ago. But it also knows well that it’s going against the global trend of easing lockdowns and returning to normalcy. That’s why it has also been trying to censor information from the outside world, showing this.  For example, ...

China’s state-controlled media silent on widespread protests

Corruption 12/02/22, 07:35

As Western media continued covering the widespread protests of the Chinese people against Beijing's brutal COVID-controlled measures across the country, China's state-controlled press ignored the incidents.   According to the Guardian, there is no sign of the protest coverage in the regime's most prominent newspapers or on TV broadcast on Monday November ...

China de-dollarizes, buying record high of gold from Russia

Social problem 12/02/22, 07:06

Sohu news reported on November 28 that China is reducing its holdings of U.S. debt on a large scale and has begun to import a large amount of gold, including imports from Russia. Earlier, Russian Business Daily (RBD) reported that Russia delivered 2.16 tons of gold to China worth $124.6 million. ...

Hong Kong joins mainland COVID rallies

Social problem 12/02/22, 07:00

Catching the mainland spirit, several people in Hong Kong marched down the streets on Monday, November 28, to protest against the “zero-COVID” policies. Protests in Hong Kong are rare after a police crackdown that followed the communist regime’s national security bill in 2020.  According to Bloomberg, dozens of demonstrators emerged in ...

How would the geopolitical map reorganize if China attacks Taiwan?

Insights 12/02/22, 06:24

If Beijing decided to attack Taipei, Japan, Australia, India, and the U.K. would all be important U.S. allies. That's according to Bloomberg columnist Hal Brands after he took on a mission to analyze four countries' stances on the geopolitical map in case China invades Taiwan. According to Brands, Japanese and Australian ...

Expert: Apple loses $1 billion every week amid COVID lockdown at Foxconn

Economy 12/02/22, 06:22

The worker unrest at Foxconn at the end of October further weighs on Apple’s production shortages and underscores how the draconian zero-tolerance measures undermine technology companies worldwide. According to a recent CNN report, Daniel Ives, managing director of equity research at Wedbush Securities, believes that the persistent assembly disruptions in the ...