Chinese developer Sunac’s profit warning: net profit tumbles 207%

Economy 12/04/22, 16:09

China’s real estate giant Sunac released a profit warning on November 29, saying that its net profit likely plummeted roughly 207% last year over the same period in 2020. Core net profit is projected to have plunged about 184%. The company already forecasted on March 21 that net and core net ...

Foxconn keeps Zhengzhou plant under closed-loop operation

Social problem 12/04/22, 16:04

A source has told Bloomberg that Apple assembler Foxconn Technology Group will continue to keep production at its largest plant in Zhengzhou under a closed-loop system despite recent chaos. The iPhone City refused to abandon the strategy in early November when workers began to walk off the site. The self-contained ...

Shanghai to start a new lockdown?

Insights 12/04/22, 15:59

During the last week of November, Shanghai police arrested people, blocked roads, and checked people's mobile phones. At the same time, there is news that Shanghai will be closed for two months. On the 29th, Peng Pai issued a press release, "News from the office of the Shanghai ...

Canadian police look into China’s widespread interference in Canadian affairs: RCMP Commissioner

Insights 12/04/22, 15:56

Commissioner Brenda Lucki says the Royal Canadian Mounted Police (RCMP) is looking into broad foreign interference by China in Canadian affairs. However, she did not detail precisely what activities the federal police force is investigating.  The Standing Committee on Procedure and House Affairs investigates potential foreign interference in Canadian elections.  According to ...

Extreme cold sweeps China’s northwest

Disasters 12/04/22, 15:52

Winter has only just started in China, yet extreme cold has already caused fatal damage to its northwestern region. State-backed Xinhua News Agency reported that freezing temperatures killed seven road workers in Altay city, Xinjiang province, on November 27. Another worker was also admitted to the hospital but survived. The eight ...

Two Chinese megacities lift COVID restrictions after protests escalate

Social problem 12/04/22, 15:47

Authorities suddenly lifted COVID restrictions in the Chinese cities of Guangzhou and Chongqing on Wednesday, November 30. The easing of COVID curbs came the day after a protest broke out in Guangzhou, where several people clashed with white hazmat-suited riot police. According to The Guardian News, nearly half of the districts ...

Hong Kong: Exchange Fund losses soar to record $34 billion

Economy 12/04/22, 15:46

The Exchange Fund lost a record $34 billion from investments in the first nine months. The cause is a triple whammy of falling valuations for equities, bonds, and currency holdings. Eddie Yue Wai-man, Hong Kong Monetary Authority CEO, said that this year had been a challenging time as stocks, bonds, and ...

The Chinese regime vows ‘resolute crackdown’ on ‘zero-COVID’ protests

Social problem 12/04/22, 15:41

China has issued the first warning to citizens still thinking of testing the regime’s resolve with further “zero-COVID” protests.  According to Xinhua News Agency, the Chinese Communist Party’s Central Political and Legal Affairs Commission declared that it must take “effective measures” to “resolutely safeguard national security and social stability.”  Without directly mentioning ...

Pandemic staff drag people to quarantine

Trending 12/04/22, 14:39

The Chinese communist regime's insistence on the "zero-COVID" policy has caused a humanitarian crisis. The fire in Urumqi, Xinjiang, on November 24, caused by the authorities blocking the exits and rescuers, killed at least 10 people and the "White Paper Revolution" erupted. The protests have become increasingly fierce, forcing authorities ...