Fires reported in many mountains and forests in Chongqing

Disasters 08/19/22, 06:24

According to CCTV news, on August 17, between 6:25 to 8:30 PM, fires occurred in the mountains and forests within Lizhi Street and Jiangbei Street, Daliangshan, and Beishanping of Fuling district, Chongqing city.   At 1:40 AM, after about four hours and 12 minutes, the Fuling District's fire fighting team arrived at ...

China’s prolonged heatwave pushes up egg prices in some cities

Social problem 08/19/22, 06:01

China is seeing its worst heatwave in 60 years. The intense heat has increased the demand for air conditioning in homes and businesses, overloading the power grid. It’s not only humans; animals are also under stress due to the heatwave.   Channel News Asia cited a Jianghuai Morning News report last week ...

China’s finances are in turmoil, and Beijing even has to manage the price of mooncakes

Economy 08/19/22, 06:00

Recently, China’s financial system has continuously suffered from difficulties. The banking system came to a standstill. In addition, tax revenue dropped significantly, and the financial deficit skyrocketed. All are warning signs of China’s economic turmoil growing louder. In a troubled financial situation, Beijing authorities even controlled the price of mooncakes. On ...

Chinese firms set up in Mexico near U.S. border to evade U.S. tariffs

Economy 08/19/22, 05:59

Chinese companies have found a perfect route to sell their products beyond the reach of U.S. tariffs. That is none other than the U.S.’s close neighbor Mexico. As Nikkei Asia reports, Hector Tijerina, executive director at Invest Monterrey, says, “It was not common for us to help Chinese companies. But after ...

Chinese property developers trapped in ‘survival mode,’ cut investment

Economy 08/19/22, 05:58

The property market - the liquidity-challenged sector - will not turn the corner anytime soon. Chinese developers are in "survival mode" as they sharply cut property investments in July. In the meantime, new construction starts suffered their biggest fall in nearly a decade. The market The property market makes up about one-quarter ...

Compromised: CIA head accused of working closely with members of the CCP

Trending 08/18/22, 19:25

William Burns, director of the U.S. Central Intelligence Agency (CIA) appointed by President Joe Biden, is coming under heavy criticism after it came to light that he maintained, or maintains, a close relationship with the Chinese Communist Party (CCP). Before becoming CIA director, Burns served as director of a major think ...