1. Fire insurance matter 2. Helping the poor 3. TP on shares 4. Buying price on shares 5. China CPC matter 6. USA matter 7. Hong Kong matter 8. Falun Gong 9. Common prosperity 10. Your motive
China's "Tofu Dreg" Construction Exposed By Flooding | Where Did The 8 Billion USD Investment Go? The city's waterlogging problem must be the first issue reflected by the Zhengzhou flood. Zhengzhou government has invested 8.25 billion USD in the past 5 years to address the urban waterlogging problem. In 2016, Zhengzhou was selected as a provincial pilot site for the development of “Sponge City” in Henan Province.
Zhengzhou has invested a lot of human and financial resources in developing Sponge City. According to the Zhengzhou Evening News on May 29, since 2016, Zhengzhou has completed 5,162 kilometers of drainage network and the 50% utilization rate of recycled water. After implementing the Sponge City Development, Zhengzhou has eliminated 125 flood-prone sites in the city, with a 77% elimination rate.
Some people said: "Even if the contractors cut corners 10 times, as long as they follow the normal procedures to lay the foundation, the tree along the sidewalk will not grow directly to the ground. " He also said that," those new concepts of smart city and sponge city only sound fancy but useless.”
Gravitas: Will this crisis ruin 2022 for Xi Jinping? This year, Xi Jinping will claim a record 3rd term. But one crisis could ruin President Xi's big moment. The Evergrande debt crisis. Today, shares of the company were suspended from trading. Palki Sharma tells you how China's property market is struggling.
Hegang financial bankruptcies causing a domino effect in China Due to the ongoing financial crisis, the market has lost faith in domestic property developers. As a result, local authorities' revenue from land transfer fees has declined, resulting in financial difficulty, and several municipal authorities have declared bankruptcy. The Chinese Communist Party (CCP) works hard to create new tax revenue streams, such as property taxes. However, there is disagreement within the CCP about property taxation. Analysts point out that local authorities' financial failure generates a domino effect.
Because the money was depleted, the local authority became insolvent.
Authorities of Hegang city in northern Heilongjiang province of China had recently announced that it was going through a financial makeover, marking the first-ever municipal-level power to restructure due to the economic downturn.
According to Bloomberg, the news was first reported by the Securities Times last month but was later deleted.
Huachuang Securities Co. Ltd on January 5th re-released the news, a move Bloomberg noted proved that the government was out of options to solve their financial difficulties.
Denmark alarms threat from China On Thursday, January 13th, Denmark warned that espionage threats from countries including China, Russia, and Iran are rising. According to Reuters, Anders Henriksen, the head of counterintelligence at the Danish Security and Intelligence Service especially highlighted China, saying the country had made enormous efforts to gain access to Denmark's cutting edge technology and knowledge.
我們要堅決反對他的做法. 我們要堅決擁護習近平. 堅決擁護習近平連任. 堅決習近平一直加速,加速再加速. In the context of the epidemic continuing to spread in many parts of mainland China, on January 11th, the CCP held a "Provincial and Ministerial Leading Cadres Special Seminar" in Beijing. However, many high-level officials were absent, attracting attention.
The Chinese economy is awful and currently in a serious recession, expert says
China Reports - The BL 9.2K subscribers
According to a recent report by mainland media, on December 30, 2021, Ren Hongbin, Vice Minister of Commerce of the Communist Party of China, revealed that China's exports in 2021 reached 6 trillion USD, increasing by more than 20%. It is reported that since 2019, especially since the outbreak of the new virus, many businesses in China have had to close down, breakdowns in the real estate sector have occurred frequently and increased rapidly local government debt crisis, leading to severe economic recession. So why are China's exports increasing in 2021? Chinese reporters interviewed Dr. Xie Tian, a professor at the University of South Carolina's Aiken School of Business.
China Clamps Down on Homegrown Tech Giants Amid Nationalization Drive Government curbs on the activities of online service providers come as the ruling party forges ahead with nationalization. By Cheng Yut Yiu and Qiao Long 2021.07.19
China's internet regulators are continuing to crack down on the country's top tech companies, with ByteDance's Toutiao suspending new accounts and investigators moving in to ride-sharing app Didi's headquarters.
TikTok owner ByteDance is blocking new user and content creator registrations for Chinese news aggregator Jinri Toutiao, Reuters cited people familiar with the matter as saying.
The freeze began in September 2020, with some content creators reporting on social media that they had been unable to register new accounts, but with no announcement made by the company.
New users who try to register currently see a message: "System is currently under maintenance. Registration is temporarily unavailable," Reuters reported.
Existing users are still able to post, and the app is still available on app stores inside China, the report said.
In 2018m, Toutiao suspended more than 1,000 accounts after being sanctioned last week for alleged breaches of regulations and for spreading "pornographic and vulgar content."
The popular app also added a channel titled "New Era," in a reference to the political "thought" of Chinese President Xi Jinping, "to release information or reports about China's accomplishments and efforts after socialism with Chinese characteristics has entered a new era."
The move came after the powerful Cyberspace Administration temporarily suspended both Toutiao and Phoenix News for "having serious problems in guiding public opinion."
The apps had "carried pornographic content, seriously misled the public and had a very negative impact on the social media environment," the administration said at the time.
The aggregator is ByteDance's second largest source of advertising revenue in China, second only to Douyin, and accounting for 20 percent of the company’s U.S.$5.4 billion in sales in China last year.
But the company's plans earlier this year to list on the U.S. stockmarket had been a slap in face for the ruling Chinese Communist Party (CCP), an internet industry worker surnamed Pan told RFA.
"I think the first major factor in all of the recent crackdowns [on large technology platforms] is that they are going after private companies," Pan said. "Secondly, they are seeking listings in the U.S., which is embarrassing [for the government]."
"Toutiao had always said they would list in the U.S. ... [but then] the financial director announced that the plan had been suspended," she said. "The word is that the listing won't be happening now."
Overseas share-listings
China's cabinet said on July 6, 2021 that it would crack down on overseas share-listings by its companies, just two days after the country's Cyberspace Administration removed the Didi ride-hailing app from Chinese stores following its U.S.$4.4 billion initial public offering (IPO) in New York.
The removal of the app wiped billions from the value of Didi Global Inc shares in the first trading session since the app's removal.
Didi -- which runs an Uber-like service with around 500 million users and 15 million drivers -- went ahead with the listing despite being urged by Chinese regulators to delay the IPO, according to a report in the Wall Street Journal (WSJ) on Monday.
Officials were "wary of the ride-hailing company's troves of data potentially falling into foreign hands" owing to public disclosure around the listing, the WSJ quoted sources as saying.
Didi is under investigation by the Cyberspace Administration, and investigations are ongoing into other U.S.-listed Chinese companies including Full Truck Alliance and Kanzhun.
"The Cyberspace Administration of China will ... cooperate with the ministry of public security, ministry of state security, ministry of natural resources, ministry of transport, the state administration of taxation, the state administration of market supervision and other departments are installed at the [headquarters] of Didi Chuxing Technology Co. Ltd to conduct a review of online security," the administration said in a statement on its official website on July 16.
'Red entrepreneurs'
A current affairs commentator surnamed Zhao said the CCP under general secretary Xi Jinping is going after the second generation of "red entrepreneurs" who are related to revolutionary leaders, to stem their financial power and political influence.
"These platforms have made huge profits for the second generation of red elite, the children of [high-ranking] officials," Zhao said. "Capitalist entities with a communist background are packing more and more of a punch, both internationally and in China."
"These captains of industry are starting to challenge the authority of the central government, and so the government is moving to cut them off," he said.
The moves against China's homegrown tech giants come as the government is also moving to acquire stakes in private companies, businesspeople in the eastern province of Zhejiang told RFA in recent interviews.
Peng Huagang, spokesman for the State-owned Assets Supervision and Administration Commission (SASAC), told reporters on July 16 that his agency would press ahead with "mergers" between private sector and state-owned companies.
These takeovers would be implemented both by paid acquisitions and uncompensated nationalization, as well as share transfers, Peng said.
The process would improve competitiveness and optimize the use of skills and resources, he said.
Zhejiang businessman Jiang Jieben told RFA that the process is already under way in his home province.
"This is actually a long-term trend, which is aimed at strengthening state-owned enterprises at the expense of the private sector and private capital," he said.
"There is pressure within and beyond provincial government to do this, and for it to happen more quickly."
Jiang said the process had only become more obvious with the treatment meted out to Alibaba founder Jack Ma's Ant Financial and to Didi.
"They want to nationalize all of these companies, to the point that there will be no private sector left at all," he said.
China Clamps Down on Homegrown Tech Giants Amid Nationalization Drive Government curbs on the activities of online service providers come as the ruling party forges ahead with nationalization.
International investors in Chinese companies face growing risks | FT
Financial Times 643K subscribers
As property companies such as Evergrande teeter on the brink of collapse and the Chinese government cracks down on the tech sector, the FT's global China editor James Kynge and markets editor Katie Martin discuss the changing dynamics of investing in China and examine whether the opportunities to make money are worth the growing political risk
Since the early 2000s some China watchers have been predicting that the building boom would lead to a crash. Twenty years on they may have been proven right. Global China editor James Kynge and Beijing correspondent Sun Yu discuss what is happening in it's real estate sector, what that could do to China’s economy and means for the world
By the numbers, China has a very large military. This shouldn't be a surprise given China's population size. But what China has in numbers it lacks in other areas. Watch this episode of China Uncensored for what could be the Chinese military's greatest weakness.
January China's forex reserves fell to 3.22 trillion dollars
China Reports - The BL 12.5K subscribers
China's foreign exchange reserves unexpectedly dropped in January, likely due to valuation effects as the dollar gained.
According to Reuters, the country's forex reserves fell to 3.22 trillion dollars last month, down from 3.25 trillion dollars in December, and was 0.06 trillion dollars less than previously expected by a Reuters poll of analysts.
Meanwhile, the dollar posted a rise of 1.03% against other key currencies, with the yuan losing 0.9% against the dollar.
China at least retained its 62.64 million fine troy ounces of gold at the end of January from the end of December.
At the end of January, China's gold reserves had dropped from 113.13 billion dollars to 112.46 billion dollars.
China has been promoting its Olympic mascot Bing Dwen Dwen like crazy. That is, until Bing Dwen Dwen opened its mouth. Chinese censors went into overdrive suppressing the backlash over the ice panda's words. In this episode of China Uncensored, we cover the "zero to hero" transformation that Bing Dwen Dwen went through, what happened to another Chinese Olympic icon, and how Bing Dwen Dwen might soon be taking over for Winnie the Pooh.
New IPO: The onshore and offshore support services provider for the O&G industry, Steel Hawk Bhd aims to list on the Ace Market!
MQ Trader 3164 views | 3 d ago
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New IPO: The largest mini-market player and a leading groceries retailer in Malaysia, 99 Speed Mart Retail Holdings Bhd aims to list on the Main Market!
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
uncensored
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Posted by uncensored > 2022-01-12 14:19 | Report Abuse
Liar, 無賴, selfish, snaky
stockraider liar , evil hearted self proclaimed RICH means owning 15 unit of Low Cost Flats.
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stockraider
Lying on:
1. Fire insurance matter
2. Helping the poor
3. TP on shares
4. Buying price on shares
5. China CPC matter
6. USA matter
7. Hong Kong matter
8. Falun Gong
9. Common prosperity
10. Your motive