Reports from several Chinese provinces indicate that local authorities have begun to suspend merit pay for public servants in the name of cleaning up a provocative situation, according to posts on social media. Some regions were even required to cough up previous pay they had received during a certain timeframe. The rare move has ignited…
Behind China’s Economic Growth Data: Exposing Beijing’s Tricks
June 4, 2021
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Commentary China reported a year-on-year economic growth of 18.3 percent in the first quarter of 2021, according to data released by the National Bureau of Statistics (NBS) on April 16. Then on April 27, the NBS announced that industrial enterprises above designated size achieved a 1.4 times increase in profits in the first quarter. Chinese state…
Young ByteDance CEO to Step Down by Year-End, Causing Concern
The 38-year-old ByteDance CEO, Zhang Yiming, has declared his plan to step down by the end of the year as Beijing intensifies its efforts to curb the influence of China’s internet firms. The announcement has drawn speculation from outsiders. In a May 20 letter addressing his employees, Zhang revealed this sweeping decision, claiming that he would…
CCP Judicial System Leaves Scant Time for Defense Lawyers to Assist Outspoken Entrepreneur
The Chinese Communist Party (CCP) is blocking lawyers from representing an outspoken tycoon and his colleagues by accelerating the proceedings of their cases with record speed. Sun Dawu, founder of the Hebei Dawu Agriculture and Animal Husbandry Group, was arrested in the early morning of Nov. 11, 2020, together with more than 30 others including…
New Wave of African Swine Fever Outbreak Hits China
China’s Ministry of Agriculture and Rural Affairs announced in a news briefing on March 6 that new cases of African swine fever (ASF) have been reported in China’s southwest Sichuan Province and central Hubei Province. According to the announcement, a farm with 127 pigs in Xiaojin county, Sichuan Province, reported on March 6 that 38…
Chinese Investment Firm Under Investigation for Fraud, 12 Executives Arrested
Financial firm Dalian Huaxun Investment Co., Ltd. has been ordered by Chinese authorities on Feb. 28 to suspend its business operations due to allegations of fraud and false advertising. So far, 147 employees, including the chairman and 11 executives, have been placed under criminal investigation on charges of fraud and running a false advertising scam involving 2.7…
TikTok to Close Its Indian Operations, with Mass Layoffs
After India recently announced its decision to permanently ban 59 Chinese mobile apps including video-sharing app TikTok amid rising border tensions with China, TikTok is reportedly ending its business in India and making layoffs. TikTok issued a statement on Jan. 27 that “given the lack of feedback from the government about how to resolve this…
China’s Takeover of Trust Company Highlights Severity of Financial Crisis
Commentary On Dec. 22, 2020, Sichuan Trust was officially taken over by China’s regulators for restructuring, after the company was found to have violated finance-related laws and regulations, according to Chinese media reports. Since the beginning of this year, China’s trust industry has collectively failed to repay investors. The four pillars of China’s financial industry…
Examining the CCP’s Proposal for Demand-Side Economic Reforms
During the recent Central Economic Work Conference held in Beijing—which is an annual meeting to set economic policies, especially for China’s finance and banking sectors—Chinese leader Xi Jinping emphasized the concept of “demand-side management, break through bottlenecks.” Demand-side policies usually refer to increasing consumption and establishing a stronger domestic market. The so-called “bottlenecks” are the…
Beijing’s Antitrust Probes an Effort to Rein in Private Sector: Analysts
Chinese tech giants Alibaba and Ant Group have recently come under the Chinese regime’s scrutiny, with finance regulators ordering an antitrust probe into the former and requesting the latter to comply with regulations. The Chinese regime also issued new “antitrust reports” on Christmas, detailing the number of investigations authorities have launched thus far, including on…
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