After nearly one million Chinese people were unable to access their bank deposits in central China’s Henan province earlier this year, residents in east China’s Shanghai, south China’s Shenzhen, north China’s Dandong, and central-east China’s Jiujiang reported the difficulties they faced when trying to withdraw cash from their bank accounts. Some banks will only serve a…
Vietnam Speeds Up Economic Recovery, Overtakes China’s Top Export City for Third Consecutive Year
One of the fastest recovering economies in the pandemic, Vietnam’s export growth is pulling away from Shenzhen for the third year, after surpassing it for the first time in 2020. According to data released on April 8 by Vietnam’s bureau of statistics, the country’s total export value for the first quarter of 2022 rose to…
China’s Rise and Inflation’s Fall From 1982 Until COVID
April 29, 2022
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Commentary My tour of China with Australian journalists in 1981 concluded with a tour of the Shenzhen Free Trade Zone—which at that stage was little more than a mass of concrete being laid by the Australian company CSR. If we saw China’s past in Shanghai, with the ludicrous decision of its economic boss—when he “followed…
Taiwan iPhone Maker Pegatron Suspends Operations at Two China Plants
TAIPEI—Taiwan’s Pegatron Corp, which assembles iPhones for Apple Inc, said on Tuesday it had suspended operations at its Shanghai and Kunshan plants in China due to the strict COVID-19 protocols. The Chinese regime has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to control the country’s biggest…
Lockdown of Shanghai and Shenzhen Exacerbates Supply Chain Crisis and Inflationary Pressure
April 7, 2022
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As Shenzhen and Shanghai, two of China’s largest cities and major ports, impose lockdown measures to curb recent COVID spikes, financial experts express concern that it will aggravate global supply chains and inflationary pressures. Shenzhen’s 17.5 million residents were placed under a citywide lockdown from March 14 to 20. One week after Shenzhen emerged from…
China Lockdowns Exacerbate Supply Chain Crisis, Inflationary Pressures: Experts
April 7, 2022
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As Shenzhen and Shanghai, two of China’s largest cities and major ports, impose lockdown measures to curb recent COVID spikes, financial experts express concern that it will aggravate global supply chains and inflationary pressures. Shenzhen’s 17.5 million residents were placed under a citywide lockdown from March 14 to 20. One week after Shenzhen emerged from…
China’s Draconian Lockdowns Are Fueling Rising Discontent
March 30, 2022
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After two years of living under some of the world’s most restrictive COVID-19 policies, a growing number of Chinese residents appear to have finally had enough. Rumblings of frustration can now be heard from inside residents’ buildings, on the streets, in hospitals, and on school campuses, a rare show of defiance in a country known…
Residents Protest Against COVID-19 Lockdown in China’s Mega City Shenzhen
March 27, 2022
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The Chinese communist regime’s mass COVID-19 lockdowns have sparked public outrage. On March 21, hundreds of residents in a community being locked down in the Nanshan District of Shenzhen for a month protested, demanding their freedom. One man in the community died during the lockdown. A resident recounted the events to the Chinese edition of…
As China’s Extreme COVID Policies Damage the Economy, Local Officials Face Dilemma
March 24, 2022
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Local officials in China’s Shenzhen city are struggling to keep their cities running, even with the central regime’s newly branded “dynamic zero-Covid” policy, but will be dismissed if they challenge it. “It’s very hard for the government to maintain operations. Nobody works [under lockdown]. We can’t collect any tax [from enterprises and businesses],” Guo Qiang (Pseudonym),…
As China’s Zero-COVID Policy Inflicts Damage on Economy, Local Officials Face Dilemma
March 24, 2022
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CCP VirusChinaChina Business & EconomyChinese RegimeCovid policeCOVID-19DilemmaINSIDE CHINAShenzhenzero tolerance
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Local officials in China’s Shenzhen city are struggling to keep their cities running, even with the central regime’s newly branded “dynamic zero-Covid” policy, but will be dismissed if they challenge it. “It’s very hard for the government to maintain operations. Nobody works [under lockdown]. We can’t collect any tax [from enterprises and businesses],” Guo Qiang (Pseudonym),…
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