Moody’s: Property crisis fuels risks to China’s financial system

Insights 12/04/22, 18:14

On Friday, December 2, credit rating agency Moody's warned that China's financial system might face rising risks due to the ongoing property crisis, notably smaller banks. Reuters cited a report from Moody's, saying, "Some buffers protecting the financial system are eroding, which would pose risks if the property downturn becomes protracted."   The ...

Little pinks spread rumors that foreign forces paid protesters

Social problem 12/04/22, 18:13

Supporters of the Chinese Communist Party (CCP) are spreading rumors that the U.S. has instigated the Chinese to join the “White Paper” movement against the CCP’s “zero-COVID” policy.  In addition, the rumors said that the U.S. had given $500 million to support those involved in this movement. On November 24, a fire ...

China saw the number of marriages plummet to the lowest in 37 years

Insights 12/04/22, 17:41

The latest data shows that in 2021 there were 7.64 million marriage registrations in China—a record low for 37 years. The number of first marriages in China has decreased by 51.5% in the past eight years since it peaked in 2013 at 23.85 million annually. According to The Epoch Times China, on ...

Details of Chinese university president’s corruption: Is that strange?

Insights 12/04/22, 17:35

Sina reported that China’s anti-corruption agency released an announcement on December 1 on six corruption cases. One of them was the former deputy secretary of the Party committee and the president of Guangxi University of Science and Technology, Li Simin. He was arrested in June. According to the notice, Li accepted tokens ...

Lack of orders, Evergrande suspends mass production of electric cars

Insights 12/04/22, 17:31

China Evergrande Group has reportedly suspended mass production of electric vehicles (EVs) due to a shortage of new orders. Reuters, citing sources familiar with the matter, revealed on December 2 that Evergrande’s electric vehicle unit, Evergrande New Energy Vehicle Group, has paused production at its plant in Tianjin city. This unit started ...

Chinese people achieve initial victory over the communist regime

Insights 12/04/22, 17:22

Despite the negative impact on the economy and people’s lives for nearly three years, the Chinese communist regime remains steadfast in its “zero-COVID” policy. Under this policy people are having a hard time surviving. Accordingly, the Chinese, especially those living in urban centers, are increasingly agitated. Consequently, a wave of protests ...

Despite US-China conflict, Chinese love for iPhones deepens

Insights 12/04/22, 17:17

The political and economic conflicts between China and the U.S. are ongoing, but Chinese consumers’ interest in iPhones is deepening. Apple Insider reported on December 1 that one in four smartphones sold in China during October 2022 was an iPhone, making it become the #1 OEM in the nation for the ...

Who encouraged Chinese youth to protest the Communist Party?

Insights 12/04/22, 17:16

Bloomberg reported on December 2 that years of indoctrination and censorship may ironically have made some Chinese youth inclined to demand change. Last weekend, political protests broke out in many cities across China, from Shanghai and Beijing to the Xinjiang capital of Urumqi. Protesters were mainly twenty-something Chinese in age.  They protested ...