A group of homebuyers has been waiting for a decade to live in the homes they’ve been paying mortgages on but were left unfinished to this day. Despite no utilities, they moved into their unfinished apartments in Qingdao city, in the coastal province of Shandong, earlier this month. “We just want to live in our…
ANALYSIS: China’s Heightened Use of ‘Exit Bans’ Creates Hostile Environment for Foreign Firms
May 15, 2023
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A growing number of Chinese laws that enable “exit bans” has heightened fears of a more hostile environment for foreign companies operating in China. Experts say that Beijing’s tactics go against its professed desire to bolster business confidence and foreign investment in the country and may trigger an accelerated exodus of foreign companies. The Chinese…
Shenzhen’s Resident Population Falls for First Time Since City’s Founding in 1979
China’s tech hub Shenzhen saw its population drop by 19,800, which was the first population drop since the city was established in 1979. An economist believes that the population decline can be attributed to the harsh zero-COVID policy, China’s decoupling from the United States, and the relocation of the industrial chain, which have led to…
China’s Heavy Handed ‘Rural Management’ Campaign Sparks Widespread Discontent
Tens of thousands of “law enforcement” personnel dispatched by Beijing have descended upon China’s vast countryside to enforce compliance with the Chinese regime’s latest demands for expanded grain production. Over 2,500 grassroots “agricultural law enforcement teams” have implemented the central authorities’ new directives on planting, animal husbandry, water usage, and product quality and safety. The…
Chinese Owner of Temu Moves HQ to Ireland as Consumers Increasingly Wary of China
May 14, 2023
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Chinese e-commerce giant PDD Holdings, which owns Temu, has moved its official headquarters from China to Ireland in recent days. As aggression from communist China continues to inflame tensions with the West and liberal democratic nations, more and more Chinese companies are trying to downplay their China-ties amid increasing aversion to the Chinese Communist Party…
Federal Agents Raid Two US Facilities of China’s Jinko Solar
May 12, 2023
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This week, the U.S. Department of Homeland Security conducted raids at a factory and a sales office run by China’s Jinko Solar Holding Co. Ltd., one of the largest solar panel manufacturers in the world, according to a statement from the DHS to The Epoch Times on Wednesday. Local media reported that Federal Bureau of Investigation agents…
Revised Spy Law Enables China to Arbitrarily Acquire IPs to Take Over US: Cyber Security Expert
May 12, 2023
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A newly revised spy law enables China to arbitrarily acquire intellectual properties (IPs) to take over the United States, according to cyber security expert Casey Fleming. On April 26, the Chinese communist regime passed the new version of its anti-espionage law, which will take effect on July 1. The revision has expanded the definition of espionage,…
Australian Minister Travels to China In Attempt to Resolve Barley Trade War
May 11, 2023
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Australian trade minister Don Farrell is heading to Beijing to meet his counterpart in the country’s latest effort to resolve the long-term trade dispute with China. The minister departed for China on May 11 following an invitation from Chinese Commerce Minister Wang Wentao during a virtual meeting between the two sides in February. At the…
China’s Shrinking Imports, Slower Exports Growth Darken Economic Outlook
BEIJING—China’s imports contracted sharply in April, while exports rose at a slower pace, reinforcing signs of feeble domestic demand despite the lifting of COVID-19 curbs and heaping pressure on an economy already struggling in the face of cooling global growth. China’s economy grew faster than expected in the first quarter thanks to robust services consumption,…
Popular Metaverse App Bondee Fades Fast as CCP Ties Are Revealed
May 9, 2023
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A social networking app that went viral in Southeast Asia has seen downloads plummet after its links to the Chinese Communist Party (CCP) were revealed. Bondee, a social networking app with a variety of trendy avatars, was officially launched on Jan. 17. Bondee users can connect with others through personalized images and express their moods…
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