The Chinese language media Phoenix Television will close its office in Taiwan in May, after Taiwan’s Ministry of Economic Affairs found the media violated the investment prerequisite for those outside the country. On April 6, the Minister of Economic Affairs Mei-Hua Wang explained that in 2021, the ministry identified Phoenix TV as a China-owned media…
China’s ‘Richest Village’ in Financial Crisis
March 2, 2021
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Huaxi Village in Jiangsu Province, which was once touted by the Chinese regime as “China’s richest village,” is in financial trouble. Experts believe the situation reveals the corruption among the elite. Huaxi Group, the company which is collectively owned by the village and its residents, and has many sub-companies and listed companies, has a debt…
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