Day: September 6, 2022

Thousands of residents in Wuhan are #Protesting a lockdown mandate. The gathering may mark the largest demonstration the city has seen in three years. Locals in another city are questioning authorities over following the rules. A $30 million donation was given, all for Taiwan’s civilian defense programs. And one Taiwanese businessman is giving up his foreign citizenship in favor of the island. A US Anti-missileSystem is moving into a South Korean military base. In Tokyo, U.S. officials are boosting mari

Based on information released on Aug. 26 by the CBIRC, the China Banking and Insurance Regulatory Commission, the commission has allowed two rural banks in Liaoning Province to enter bankruptcy proceedings, which is tantamount to officially declaring the bankruptcy of the two grassroots village banks. At the same time, a growing number of personal bank cards and even corporate accounts are being frozen in China, and the situation is also spreading in China’s first-tier cities.

China’s economic and financial situation has deteriorated over the past few years and now threatens to plunge the country into a major crisis. In the coming months, Xi Jinping’s government will have to deal with record debt levels, low productivity, a bursting real estate market and a possible financial crisis. But to what extent is the Chinese model under threat? In this video we tell you all the details.

For business inquiries, please email [email protected] China’s entire banking system is about to go bankrupt. Over the past few weeks, China’s economy has tumbled. Recent signals have revealed that the Chinese economy may already in a recession. The country is being hit by record high inflation, layoffs, trillions of dollars disappearing overnight, fraudulent activity, and so much more. All of these crises are terrible for the economy, but China just got hit with the last nail in the coffin. The C