Factories have suspended production. Truckers are stuck on highways. Containers are piling up at ports. Shipping vessels have been waiting to unload. China’s economy is set to pay a price as the communist regime’s determination to stamp out the COVID-19 outbreak through harsh lockdowns have brought its manufacturing and commercial hubs, like Shanghai, to a…
China’s Lockdown of Nearly 400 Million Set to Strike a Blow to Economy
April 16, 2022
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Changchun Residents in Lockdown Seek Help by Hitting Pots and Pans
A lockdown of Changchun city has been going on for more than a month; with nine million people relying on one food distribution channel controlled by the authorities. Local residents reported that incidents of hunger and suicide were left uncared for. Several online videos showed starving Changchung residents in high-rise buildings hitting pots and pans…
‘We are Starving to Death!’ Shanghai Residents Under Lockdown Shout at Visiting Vice Premier
When Sun Chunlan, a vice premier of the Chinese regime, visited Shanghai earlier this week, where tens of millions are under COVID-19 lockdown, she was greeted by residents shouting from their apartment windows: “There is no food left!” and “We are starving to death!” Sun was accompanied by a swarm of local officials, cameramen, several…
Hong Kong Saw Worst First-Quarter IPO Performance in Nearly A Decade, Falls From Top Five Global Ranking
The Hong Kong Stock Exchange (HKEX) saw its worst performance quarter in IPO fundraising since 2013, pushing the city out of the top five in the global IPO ranking. Analysts believe it is investor lack of confidence in Hong Kong’s capital market that led to the poor performance. Initial public offering (IPO) is the core…
Shanghai Wrestles With Food Shortages Under COVID-19 Shutdown
BEIJING—Residents of Shanghai are struggling to get meat, rice, and other food supplies under anti-coronavirus controls that confine most of its 25 million people in their homes, fueling frustration as the authorities try to contain a spreading outbreak. Zhang Yu, 33, said her household of eight eats three meals a day but has cut back…
Economists Cut Forecasts for China’s 2022 GDP Growth Amid Extended COVID Lockdowns
China’s continued insistence on a zero-COVID policy has created severe hardships for residents and the draconian measures in use could negatively impact its GDP growth. Economists worldwide recently lowered their forecasts for China’s expected GDP growth in 2022. On April 1, economists at Morgan Stanley slashed their full-year forecast of China’s 2022 economic growth to 4.6…
Unrecorded Deaths Plague Aged-Care Facilities in Locked-Down Shanghai
April 5, 2022
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In 20 days, she would turn 100. The family had been counting the days to bring the Shanghai woman in front of 100 small cakes, surrounded by sparkling candles and grandchildren who grew into adults under her loving care. Little did they know that day would never come. The woman tested positive for COVID-19 on…
Shanghai Residents Remain in Lockdown as City’s COVID-19 Outbreak Remains Grim
Shanghai officials have insisted on continuing a strict “zero-COVID” policy after announcing that over 25 million residents have been tested for COVID-19, with no sign that the city’s lockdown will be lifted soon. As of 8 a.m. local time on April 5, health officials in Shanghai said that the city’s 25.66 million residents had taken…
Babies Separated From Parents: Shanghai Lockdown; Breakdown China-Russia Economic Alliance
April 4, 2022
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How strong are China and Russia’s economic ties? I have Ross Kennedy, founder of Fortis Analysis, to talk about it. We discuss the post-war economic alliance in Eurasia and what to make of China’s role in all this. Plus, as Shanghai’s COVID-19 surge continues, authorities are being exposed—with outrageous lockdown horror stories—like elderly deaths in…
Shanghai Extends Lockdown of 26 Million as Military Deployed to Assist in Mass Testing
Shanghai has extended its stay-at-home order as reviews the results of a new round of COVID testing of the city’s 26 million residents conducted on April 4. The financial hub began it’s two-staged lockdown on March 28, which was to allow health workers to complete at least two rounds of mass testing. The curbs, which…
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