China economy
Chinese regime’s Belt and Road begins to be rejected
The Belt and Road initiative, presented by Xi Jinping in 2013, is one of the projects that best represent the Chinese Communist Party (CCP)'s ambition on the world stage. The network of infrastructures aims to streamline trade to and from China. But, it needs a powerful propaganda tool to convince ...
Communist regime’s ‘common prosperity’ clashes with reality: the rich are fleeing China
The wealthiest people in China are seeing their net worth decline as the global economic recession, the domestic crisis caused by the covid zero policy and the danger to the stability of supply chains continue. In Xi's last speech at the 20th Congress, the Communist leader highlighted common prosperity as ...
China’s GDP growth is the Party’s new obsession
The "zero-COVID" policy along with the real estate crisis, and restrictions from the United States and other countries, are hitting the Chinese economy hard. After the 20th Party Congress, the Chinese communist regime urgently needs to show positive economic growth results, however, it faces major obstacles. One of the most important ...
Vietnam imposes anti-dumping tariffs on unfair Chinese competition
In order to protect its domestic industry, Vietnam's Ministry of Industry and Trade announced on October 4 that it would apply anti-dumping tariffs between 21.45% and 35.2% on certain furniture of Chinese origin. It would start mid-October and go on for four months. Reuters reported that imports of tables and ...
China’s economy slows down: Profitability of main industrial sectors declines
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 ...
Is the ‘Chinese dream’ of leading the semiconductor industry falling apart?
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 ...
Shocking video of how Beijing gradually controls people’s assets
Recently, a video titled "Everything is under control and cannot escape the devil's claws" has attracted attention on Chinese social media, where comments are closely monitored. In the video, a man shows how the CCP has gradually found the wealth of the rich at home and abroad over the past ...
Is the ship sinking? Big Tech begins to look for alternatives to ‘Made in China’
The announcement that Apple will start the production of its iPhone 14 in India at the end of October accelerated rumors that the company was looking to move its production out of China. Although it is not yet possible to cut off its dependence on the Asian giant, this first step ...
Lack of food and medicine in Xinjiang: Terrible consequences of Zero-Covid policy
Residents of the western Xinjiang region have taken to social media to voice their grievances over COVID-19 closures and the lack of food and supplies sufficient to survive prolonged confinements. Ili Kazakh prefecture, also known as Yili, in northern Xinjiang, with a population of more than 4 million people, has been ...
As the 20th Party Congress approaches, what is Xi Jinping’s economic strategy?
One of the most prominent think tanks in the United States, the Hudson Institute, held a webinar on September 9 with participants Dr. Patrick Cronin, Dr. Thomas J. Duesterberg, and Dr. John Lee. The main topic was the differences between U.S. and Chinese economies. The U.S. wants to disengage from ...
Is the ‘Chinese dream’ of overtaking the US falling apart? Negative results predicted for the CCP
In March, China announced that it expected GDP growth to be 5.5%, however, according to a report by Goldman Sachs, not only will they not reach that figure that figure but China's GDP may reach 3%. July's economic reports showed a drop in consumer purchases, industrial production declined, and investments were ...
China National Railway Corporation’s debt and losses are huge
China National Railway Group Co., Ltd (hereinafter referred to as China Railway Group) had a total debt of 6 trillion yuan ($874.79 billion) and a net loss of 80.4 billion yuan ($11.72 billion) in the first half of this year, more than the total losses of the three major airlines ...
Despite the drop in the yuan exchange rate, China’s exports still plummeted, foreign exchange dried up
For decades, China has been accused of currency manipulation. The reason for the Chinese Communist Party devaluing the yuan is to ensure that goods made in China are so cheap that other countries cannot compete. They dominate exports and bring a large amount of foreign currency to the country. But ...
Chinese authorities order extreme shutdown in Shenzhen just for a few COVID cases
The Guandong provincial government reported 11 new cases of COVID-19 in the city of Shenzhen. In order to reinforce the zero COVID policy, authorities ordered a total shutdown of some districts, including Huaqiangbei District, one of the largest electronics markets in the world. How will it impact local and international ...
Young people are unemployed, but the CCP encourages retirees to go return to work
As China's economy continues to decline and youth unemployment hits record highs, the Chinese Communist Party is pushing the elderly to work. Many netizens are not happy about this. Some observers believe this is because the CCP's finances are in crisis and it wants to avoid pay out pensions. People are ...
How critical is China’s budget shortage?
The hidden debts of Chinese local governments has continuously broken records in recent times. Up to half of them have fallen into financial distress and are waiting for financial support from the central government. The banking system, as a matter of fact, has also fallen into crisis. It all stems ...
Misery in old age: Cadres accuse Guizhou government of misappropriating pensions
Recently, many retired cadres in Weining County, Guizhou province filed complaints that the pension insurance funds for more than 1,800 village cadres was appropriated by the provincial government. Without their pensions life is very difficult. According to NTDTV, some the cadres have resorted to the internet, pointing out that they ...
8 points show Chinese economy ‘in desperate situation’
China's economy barely escaped contraction in the second quarter, according to analysts, as consumer and factory activity faltered in the face of repeated pandemic lockdowns. According to FT, the Chinese economy seems to be in a “desperate situation” with 8 points showed as follows: 1. Retail sales and industrial production rose ...
‘Everyone should spend their hard-earned money on the Party’: Article disappears after infuriating people
Recently, NetEase News published an article titled "Southern Normal University Professor Li Jiange: The common people should spend the money they earn on the party and civil servants." The article aroused criticism, prompting NetEase to delete it, showing a 404 error when searching on Chinese Baidu. Vision Times republished the content ...
Insurance money cannot be withdrawn, people confront Bank of Beijing
On August 19, the Beijing Health Insurance Bureau issued a notice on adjusting health insurance for urban workers. It stated: “From September 1, 2022, the insured amount in the personal account will be used for special purposes and the insured person is not free to withdraw money,” which confused people. That ...
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