A Chinese businessman has told The Epoch Times that he lost $43-million-worth of business over the three years of lockdowns and Zero-COVID policies during the pandemic in China. Meng Jun also rejected claims made by the Chinese Communist Party that the country’s economy had recovered due to the Chinese regime’s focus on “reform and opening…
Chinese Entrepreneur Flees China, Sees No Hope for Chinese Economic Recovery
The Enormous Cost of China’s Zero-COVID Policy
China’s annual “Two Sessions” meetings began on March 4. During the yearly meetings of the National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) National Committee, China’s central government will deliver a progress report and set development targets for the upcoming period. This year’s session is expected to be particularly significant, coming on…
Bottle of Ibuprofen Selling for Up to $1,453 in China as COVID Outbreak Worsens
Chinese all around the world are sending pain and fever relief medicine to mainland China despite the country being the world’s largest manufacturer of the non-prescription drugs. China supplies about one third of the world’s Ibuprofen, which along with other fever and pain medicines, is in short supply now due to the current COVID outbreak in China….
Mom Offers Over $1,400 for Bottle of Ibuprofen in China as COVID Outbreak Worsens
Chinese all around the world are sending pain and fever relief medicine to mainland China despite the country being the world’s largest manufacturer of the non-prescription drugs. China supplies about one third of the world’s Ibuprofen, which along with other fever and pain medicines, is in short supply now due to the current COVID outbreak in China….
China’s Job Market Now Discriminates Against Those Who’ve Never Contracted COVID-19
The sharp U-Turn of the Chinese authorities’ COVID control measures has led to a variety of chaotic situations in China, including how employers are now preferring to hire those who have already been infected over those who have not contracted the virus. The regime announced an easing of COVID-19 measures on Dec. 7, and since…
China Seeing Tsunami of COVID-19 Cases, Medical System Under Immense Strain
The Chinese communist regime has just abruptly ended its zero-COVID policy that it had strictly enforced for the past three years. However, towards the last months of the policy, an unprecedented outbreak of the virus had already begun despite the restrictions, and it is now bringing the country’s weak medical system to the brink of…
Groups in Los Angeles Join China’s COVID Lockdown Protests, Calling for CCP to Step Down
Several Southern California groups gathered in front of the Chinese Consulate in Los Angeles Nov. 27 in support of demonstrations across China and the world calling for an end to the country’s COVID-19 lockdowns and for the ruling Chinese Community Party (CCP) to step down. Protesters were chanting “Take down the Chinese Communist Party” and…
China’s Reserve Ratio Cut May Heighten Companies’ and Banks’ Financial Risk
Commentary On Nov. 25, China’s central bank announced its plan to cut the reserve ratio by 0.25 percent points, effective on Dec. 5, 2022. This would release 500 billion yuan ($69.7 billion) worth of long-term liquidity to the market. However, this move may not effectively boost the economy, but instead increase the financial risk for both…
COVID Shutdowns Should Be ‘Temporary,’ Chinese Lockdowns ‘Draconian,’ Lab Leak ‘Possible’: Fauci
Anthony Fauci, the outgoing medical adviser for President Joe Biden, criticized China’s handling of COVID-related shutdowns in recent interviews, and said that the lab leak theory could be “possible” but “essentially molecularly impossible.” Fauci will step down next month as the director of the National Institute of Allergy and Infectious Diseases (NIAID) and as the…
‘White Paper Revolution’ Shakes the Chinese Communist Regime, Foreign Leaders Voice Their Support
A fatal apartment fire in China’s Urumqi city has sparked protests in dozens of Chinese cities and universities over the problems caused by the regime’s strict epidemic control measures. The protests have quickly spread abroad and received international solidarity. The White House and U.S. State Department issued statements stressing that everyone has the right to…
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