Fleeing Shanghai, Chinese man drives over 1,200 miles back home with $1200 second-hand car
A Chinese man posted a video on social media platforms, sharing his experience of returning home to northeast China from Shanghai. His challenging journey starts with seeking a second-hand car because he wants to escape from Shanghai but cannot grab a ticket. As shown at the beginning of the footage, he must ...
Sichuan real estate Territory Holdings tumbles, stock fell 83.82% in a day
Following Zhengrong Real Estate, Tianyu Property, and Jiayuan International, Territory Holdings has been added to the list of real estate companies that have crashed. Stock prices presented a frightening scene on May 19, dropping by more than 80% in a single day, hitting a new low of HK$0.55 since listing ...
China halts publishing daily bond trading data after capital outflows and yuan depreciation
Reuters cited sources saying that China has halted updating daily bond trading data for foreign institutions. Instead, the Chinese regime now only provides daily data to domestic institutional clients. As Bloomberg reports, this move may raise concerns about transparency in the country's 20 trillion dollar debt market, which has seen record ...
Three Chinese banks suddenly freeze all deposits, leaving clients angry
According to Reuters, three banks in Henan province in central China have frozen at least 178 million dollars in deposits, causing companies to be unable to pay workers and leaving individual depositors without access to their money. Yu Zhou Xin Min Sheng Village Bank, Shangcai Huimin Country Bank, and Zhecheng Huanghuai ...
‘An extreme storm is about to break out,’ expert on China’s political situation
According to Akio Yaita, Taipei branch manager of Japanese media outlet Sankei Shimbun, China's politics is currently witnessing extreme infighting among the Chinese Communist Party (CCP) 's factions. He wrote on Facebook that at this point, Xi Jinping had lost his political dominance to some extent. First, Akio pointed out that ...
Satellite image of Chinese submarine potentially Type 093B
On May 16, Defense News reported a new breakdown of the satellite sighting of a Chinese submarine at the Huludao shipyard in northern China. Geospatial intelligence outfit AllSource Analysis captured the warship on a drydock on April 29. Defense News suspected the satellite sighting could be a Type 093B, a newly ...
China’s weird Chishui River turns blood-red under rain, creating both fear and awe
The Chishui River is the upper Yangtze River basin's right tributary. It rises in Yunnan Province and runs for 437 kilometers (272 miles) until entering the Yangtze River in Hejiang County, Sichuan Province, in Southwest China. The Chishui River or "Red Water" has brought blessings and curses. The river turns blood red ...
China hurrying to support market, but real estate firms still trembling
China’s central bank worries about the downturn in the property market. A few days ago, it decided to cut mortgage rates. But real estate companies are still facing a lot of challenges. Data from Sino-Singapore Jingwei site reveals the current state of China's real estate industry. The data shows that more than ...
Entry to China from the U.S.: 48-hour ‘dual nucleic acid test’ required
The Chinese Embassy in the United States on May 17 announced the inspection policy for entry into China from the U.S. Starting May 20, nucleic acid testing will be canceled seven days before boarding, changing to double nucleic acid detection within 48 hours. The new rules say that the pre-entry testing policy ...
Samsung: 4 employees indicted for leaking core technology to China
Newsis reported on May 16 that the South Korean Defense Work and Industrial Technology Crime Division of the Suwon District prosecutor's office arrested and prosecuted two SEMES employees and two business partners who leaked "supercritical cleaning equipment" from Samsung Electronics' subsidiary SEMES to China. They are charged with violating the Act ...
Tencent’s profits plummet due to tech crackdown and Zero-Covid policies
China's entertainment and technology company Tencent Holdings Ltd on May 18, registered the worst profit drop since it went public. The Wall Street Journal (WSJ) commented that the heyday of booming Chinese consumer tech has passed away. The behemoth was one of the very few that remained after the major ...
Possible reasons for China’s recent floods revealed
Many provinces have experienced significant floods as a result of torrential rain, high winds, and thunderstorms. Severe rains hit Guangnan County in Yunnan Province, causing trees to topple and destroy electrical poles and guardrails on May 9, 2022. A resident in Liancheng Township, Guangnan, had to relocate because his floor was ...
Escape from China: people want to save themselves
AP reported that WHO Director-General Tedros Adhanom Ghebreyesus spoke about China's "zero-COVID" policy at a media briefing on May 10. He said the virus had changed dramatically since it was initially discovered in Wuhan in late 2019. At that time, China used lockdowns to halt its spread. Reuters cited Tedros, "We don't ...
China Eastern co-pilot crashed plane ‘to take revenge’ on the airline, aviation expert says
Captain Byron Bailey is an Australian aviation expert. He is a commercial pilot with more than 45 years' experience. In an interview with Sky News Australia, Bailey suggested that one co-pilot of the Boeing 737-800 decided to take revenge on China Eastern Airlines. The reason might be that the co-pilot had ...
Biden administration criticizes China for its absence in UN food security meeting: ‘Not surprising’
China didn't attend United Nations’ Food Security Ministerial in New York City. This action was later condemned by the U.S. side. On May 18, Secretary of State Antony Blinken came to New York City to organize meetings calling on action on global food security amid Russia's conflict in Ukraine. According to Fox ...
U.S. charges five Chinese with spying
On Wednesday, a U.S. citizen and four Chinese Ministry of State Security (MSS) officials were charged with conspiracy and other offenses linked to espionage. Wang Shujun, 73, of Queens, New York; Feng He, as known as Boss He, Ming Li as known as Elder Tang and Little Li, are from Guangdong. ...
4 Chinese military planes enter Taiwan’s ADIZ
Taiwan News reported on May 19 that four Chinese military aircraft entered Taiwan’s air defense identification zone, marking the 13th intrusion this month. Taiwan's National Defense Ministry (MND) said, on May 18, 2 People's Liberation Army Air Force (PLAAF) Shenyang J-16 fighter jets, 1 Shaanxi Y-8 reconnaissance plane, and 1 Shaanxi ...
Shanghai: Citizens turn to national “anti-fraud” app to report authorities’ reopening news
Shanghai, a city of 26 million citizens, is still under effective lockdown. However, the official media has claimed that Shanghai will restart business and services in phases on Monday, May 16. Displeased Shanghainese are flocking to China's "National Anti-Fraud Center" social media account to report such fraud. Their messages were quickly ...
Fear of sanctions, China should improve security of overseas assets: expert
According to Xinhua Finance, the 2022 Tsinghua PBCSF Chief Economist Forum was held online on May 14. It brought many top global economic and financial experts together to discuss the worldwide economy and order during the turbulent 2022. Among them, Yu Yongding, researcher and doctoral supervisor of the Institute of World ...
Zero-COVID: Sichuan struggling for supplies, Chongqing and Guangzhou are getting hit
Recently, COVID suddenly broke out in Sichuan province; the city was closed, and locals pleaded for help because of a shortage of supplies. Chongqing, Guangzhou, and Shenzhen are getting hit with the latest Omicron variant and undergoing mass nucleic acid scanning. According to official reports, Sichuan Province's first case in Linshui was ...
