CCP’s ‘Common Prosperity’ transforms into ‘Common Poverty’

Insights 10/06/22, 09:42

In an article published by Bloomberg on October 3, Writer Shuli Ren commented that China’s regime promoted “Common Prosperity” but resulted in “Common Poverty.” One year ago, the Chinese Communist Party (CCP) ’s General secretary, Xi Jinping, promoted “Common Prosperity.” Ren said that Xi did so because he wanted to expand ...

China’s ‘Common Prosperity’ gradually turns into common poverty

Insights 10/06/22, 09:33

According to an October 2 Bloomberg report, the communist regime will likely push hard for a shared wealth policy at the twice-a-decade Party congress to be held on October 16. The main goal of the so-called common prosperity is meant to tackle inequality in China by widening the middle class. This ...

India to launch $1.2 trillion mega-project to compete with China

Insights 10/06/22, 09:28

India is planning a mega project to help the country grab factories from China and compete with the world's second-largest economy. Bloomberg reported that the new project is called PM Gati Shakti, or the strength of speed in Hindi. It is designed at 100 trillion rupee, or $1.2 trillion. Under the project, ...

Global tech dependence on China will reduce by up to 40% in eight years

Insights 10/06/22, 08:50

The global supply chain, mainly regarding China, has slowed down in the past two years due to various factors. These include power cuts, factory shutdowns, strict COVID control measures on a global scale, and geopolitical risk. As a result, according to Bloomberg estimates, by 2030, the world's tech industry will ...

Moderna turned down Beijing’s request to hand over key vaccine technology

Insights 10/06/22, 08:47

According to the Financial Times, Moderna has turned down a request from the Chinese Communist Party (CCP) to hand over its COVID-19 vaccine technology.   Moderna has refused to give Beijing the recipe of its RNA vaccine know-how due to commercial and safety concerns. The newspaper cited sources, saying that failure in negotiations ...

Taiwan prepares for possible trade blockade by the Chinese regime

Weapon/Army 10/05/22, 16:06

The tension between China and Taiwan has risen following Nancy Pelosi's visit to the island nation in August. International media closely followed Pelosi's trip and the People's Liberation Army movements. China responded with more military exercises, including rocket launches and air raids close to the median line dividing Chinese and ...