The Chinese Communist Party (CCP) held an economic work conference in Beijing a week after its sudden abandonment of “zero-COVID” amid exponentially increasing citizen reports of COVID-19 cases and deaths. During the meeting, Chinese leader Xi Jinping stressed the need to “vigorously boost market confidence” while expressing strong support for the country’s private sector. Beijing announced…
CCP Now Scrambles to Save Economy After 3 Years of Extreme COVID-19 Restrictions Fail to Prevent Outbreak
December 29, 2022
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Chinese Shareholders Rush to ‘Cash Out’ as CCP Tries to Prevent Capital Flight
December 25, 2022
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News Analysis Guangdong DP Co., Jinke Property Group, and Country Garden Service Holdings all announced massive stock sell-offs in November and December. The Chinese companies are just the latest to announce major sell-offs. Experts speculate that the stock sales are part of an increasing trend by China’s super wealthy to cash out and leave the…
China’s Exports Fall at Record Rate, Companies Sent Abroad to Attract Buyers
China’s manufacturing sector has significantly shrunk under the weight of strict zero-COVID policies and declining international demand. In November, exports, the main source of foreign exchange for the ruling communist regime, plummeted at a record rate year-on-year. China’s total exports fell by 8.7 percent to $296.1 billion in November compared to November last year, the largest…
China’s Real Estate Industry Signals Big Regression of the Country’s Market Economy
August 21, 2022
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From January to July this year, among the top 10 real estate companies acquiring land in key cities in China, 80 percent are state-owned enterprises, according to the country’s official data. A similar trend was observed in other industries in China. Analysts believe that this is not only an indication that “the state advances, the…
China Using Loans in Latin America to Push Political, Military Objectives
SANTA CRUZ, Bolivia—Argentina’s socialist government is scrambling to stem its hemorrhaging currency rates, economic recession, and hyperinflation, while negotiations continue with China over swaps and debt relief. The nation has an established track record of defaulting on loans, even before China agreed to grant an additional $19 million to the Argentine government in 2020. China and Latin America relations analyst Fernando Menendez told…
Crisis After Crisis: Are We Witnessing the Great Fall of Beijing?
Commentary From Evergrande to rising unemployment, blackouts to a rapidly aging population, China is facing an existential reckoning. The “wolf warrior” Chinese diplomats, still busy howling at the world, are understandably worried. Are we witnessing the “great fall” of Beijing? In the middle of September, I wrote a piece asking if China was in a state of…
China’s Economy Hit With a 3-Punch Combination
News Analysis China’s economy has had a rough summer, hit first by a rise in COVID-19 infections, then by the impending bankruptcy of the giant real estate developer Evergrande, and now by severe power shortages throughout the country. The coming months might bring relief on the COVID-19 front, but though the authorities are scrambling, the…
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