A German data service released an analysis report on China Evergrande on Nov. 17, revealing that the default of China Evergrande and the Chinese real estate crisis caused estimated losses of about $10 billion for the top 10 professional pension funds and investment funds in Asia. Among them, China Evergrande’s bonds are the riskiest, with…
How Property Tax Will Affect China’s Middle Class Families
News Analysis Chinese authorities recently announced that they will roll out a pilot property tax plan in different parts of the country and likely implement property taxes nationwide in the future. This will undoubtedly be a major blow to China’s urban middle class that greatly affects their spending power. On Oct. 23, the Standing Committee…
Chinese City Public Transit Staff Go on Strike After Being Unpaid for Over 8 Months
A large number of public transit staff, including drivers, staged a strike in a Chinese city as they struggled through being unpaid for at least eight months. On Nov. 1, crowds of public transit workers rallied at the headquarters of their employer, Pingdingshan Public Transit Group, and its subsidiaries, in the city of Pingdingshan of…
EpochTV Review: Does China’s Real Estate Crisis Signify the End of the CCP’s Economic Growth?
October 27, 2021
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Commentary In the latest episode of “China in Focus,” Tiffany Meier examines the economic crisis in China real estate, and whether the Communist Party of China’s economy is truly as prosperous as the world has been led to believe. Chinese real estate developer Evergrande is collapsing, but its problems are just the tip of the…
Germany Probes Multiple China-Made Smartphone Types Over Security Concerns
September 29, 2021
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A German regulator said it was launching a security investigation into certain Chinese-made smartphones after Lithuania warned of built-in censorship and surveillance capabilities. Germany’s Federal Office for Information Security told the Deutsche Presse-Agentur that a probe into a number of Chinese cellphones was underway, targeting the Huawei P40 5G, Xiaomi Mi 10T 5G, and OnePlus 8T 5G….
China’s Curbs on Electricity Use Widen, Economy to Shrink
September 27, 2021
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China’s power restrictions and forced cuts to factory production are becoming more common amid electricity supply issues. Experts predict the impacts from Beijing’s new policies will hurt the country’s economy. According to local media the 21st Century Business Herald, the power crunch has expanded to more than 10 provinces, including China’s economic powerhouses of Jiangsu,…
China Airline Giant’s Chairman and CEO Both Detained for Suspected Crimes
Police arrested both a chairman and CEO of a top Chinese airline group for undisclosed crimes. China’s HNA Group announced in a Sept. 24 statement that its chairman Chen Feng had been taken into custody for criminal allegations. Its CEO Tan Xiangdong was also taken away. Communist Party liaison and head of a joint workgroup…
China’s Bid to Join Trans-Pacific Trade Bloc Highly Unlikely to Be Greenlighted: Analysts
Beijing officially applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). However, experts said the possibility of getting approved was quite low due to high entry standards and China’s unfair market practices. On Sept. 16, China’s commerce minister, Wang Wentao, submitted a written application for CPTPP membership to Damien O’Connor, Minister for Trade and…
China’s Bid to Join Trans-Pacific Trade Bloc Highly Unlikely to Be Greenlit: Analysts
Beijing officially applied to join the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP). However, experts said the possibility of getting approved was quite low due to high entry standards and China’s unfair market practices. On Sept. 16, China’s commerce minister, Wang Wentao, submitted a written application for CPTPP membership to Damien O’Connor, Minister for Trade and…
Long China, Short US—the Volatility!
Commentary The worse than expected U.S. purchasing managers index (PMI) released days ago seems to suggest the economy is indeed slowing down. But wait. The manufacturing PMI still stood near 60, a level which was never reached between mid-2004 and end-2017. In fact, the recent high near 65 has never been seen since 1983. Even…
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