2026-11-12
In its 2026 budget document, Yan'an University proposed measures to resolve its financial distress. With a sharp decline in the proportion of fiscal appropriations, the university has begun to assign revenue generation and funding targets to ordinary teachers.
2026-11-12
Universities are requiring retroactive audits of corporate participation in teaching and graduation projects over the past three years, triggering a survival crisis for faculty unable to trace records or meet the indicators.
2026-11-12
Employees of Haoshun Real Estate in Xingtai, Hebei, have spoken out, claiming that the company required them to sign IOUs and take on mortgages on behalf of the company. Despite promises to release the mortgages within two years, the company failed to do so, and some properties were even sold a second time. Employees are facing unpaid wages and are afraid to resign for fear of mortgage defaults.
2026-11-12
Multiple JD.com delivery riders have exposed on social media that the platform is forcing them to deliver charity orders with a delivery fee of 0 yuan, sparking widespread concern over the labor rights of delivery workers.
2026-11-12
Netizens reported on social media that after a job fair held at a school, resumes of applicants were found discarded in trash cans, all of which were from master's degree holders.
2026-11-11
On November 11, a large number of shops along the street near the Ganzhou Bus Station in Jiangxi closed their doors. Grid workers patrolled, knocked on doors, and repeatedly used loudspeakers to demand that the merchants resume normal business operations.
2026-11-11
On November 11, a 65-year-old tiler sent a job application message to a boss, humbly stating, "I am obedient and can endure hardship." The related voice message circulated online, sparking widespread social concern and sighs.
2026-11-11
A netizen posted their property deed on Xiaohongshu (RedNote), stating that they bought a house in Meishan, Sichuan for 1.6 million yuan in 2019, but now the same unit type is listed for only over 300,000 yuan, with 1 million yuan in bank loans still outstanding.
2026-11-10
A large Maersk container ship, the 'CMA CGM CINCINNATI', lost control while berthing at Yantian Port, crashing into the dock and causing a large quay crane to collapse into the container yard.
2026-11-10
A netizen posted that she was repeatedly asked if she was an only child during autumn recruitment interviews, and failed every time she answered truthfully. Later, she fabricated a persona of having a younger brother whom she had taken care of since childhood to cope. Another intern recruiter mentioned that their team flags whether job applicants are only children.
2026-11-10
On November 10, multiple netizens filmed an unfinished building near Pingzhou Station in Bao'an, Shenzhen, that had been under construction suspension for a long time, completely wrapped in blue fencing material. Netizens joked that it looked like the Water Cube and claimed it would be restored to its original state after the meeting. Local netizens said they had seen this unfinished building since 2005.
2026-11-09
The first report meeting on studying and implementing the spirit of the Fifth Plenary Session of the 20th Central Committee was held in Beijing. Netizens have been discussing the venue layout and the sitting posture of Zhang Shengmin when he met with members of the lecture group.
2026-11-09
On November 9, Bloomberg Businessweek published a report on interviews with marginalized youth in Shenyang: a 19-year-old earns 3,800 yuan a month at Mixue Bingcheng and eats only one meal a day, while a 17-year-old survives by sleeping in pool halls and livestreaming dance performances. Interviewees described being trapped in an 'endless cycle.'
2026
In the first nine months, household deposits surged by 9.39 trillion yuan, while net household loans decreased by 1.03 trillion yuan. Passenger car retail sales plummeted by 21.7%, and new home mortgage loans fell by 22.1%, indicating a continuous contraction of the household balance sheet.
2026-11-08
On November 8, a Shanghai netizen posted that a delivery rider was promoting the platform's annual membership card while delivering goods, promising a carton of eggs as a gift. After signing up for the card, the customer learned that the rider had paid for the eggs out of their own pocket to avoid being fined by the platform for failing to meet KPIs.
2026-11-07
On November 7, netizens filmed the continuing expansion of a wave of business closures in Sichuan and Chongqing, reaching Neijiang, Leshan, and Guangyuan in Sichuan, as well as Fuling and Yuzhou Trading City in Chongqing. A merchant in Leshan filmed the process of pulling down their shutters, stating they had to evacuate in a 10-minute emergency, while a merchant in Guangyuan reported that as soon as the news arrived, the entire market shut down.
2026-11-06
A report released by Bloomberg Economics on November 6 stated that if the Democratic Party slows down AI investment and data center construction after a major victory in the U.S. midterm elections, China's growth, which relies on AI hardware exports, will be hit. Net exports contributed nearly 40% of China's economic growth in the third quarter, and chips and computer products accounted for 40% of the year-on-year increase in exports in the first nine months.
2026-11-06
On November 6, a netizen in Qinhuangdao, Hebei, posted a video of the unfinished Dongfudian Xincun project, stating that the project was originally marketed as providing wedding homes for older youth, but it has remained unfinished for 16 years. Many buildings are still in a rough state with exposed brick walls and no doors or windows installed.
2026-11-05
Affected by liquidity tightening and political factors, the Nasdaq 100 Index plummeted 6.36% on November 5, marking its worst single-day performance since March 2020.
2026-11-04
The People's Bank of China has intervened in the bond market through consecutive days of large-scale overnight reverse repos and the establishment of tools such as the Securities, Funds and Insurance Companies Swap Facility, stabilizing the run on the wealth management market.
2026-11-04
On November 4, a netizen posted that after paying social security in Shenzhen for 20 years and just retiring, their monthly pension is only 1,989 yuan.
2026-11-03
At 8:50 AM on November 3, about 7,000 people were at a job fair site looking for work, but there were very few job openings, leaving a large number of people just sitting around to kill time.
2026-11-03
The Wall Street Journal reports that the Chinese stock market has entered a bear market, with Morgan Stanley warning of a potential further decline of 10% to 15% before hitting bottom, noting that state-backed fund purchases may only provide short-term support.
2026-11-02
On November 2, a Hupu netizen posted that the hourly wage at McDonald's in Taiwan is only 40 to 50 RMB, lamenting the large gap. In the comments section, mainland netizens countered by sharing their own hourly wages of 16 RMB and monthly rest days of only three days, stating that most workers in the mainland cannot reach that level.
2026-11
Since the beginning of this year, national fixed asset investment has fallen by 7.2%, with negative growth seen in infrastructure, manufacturing, and investment in electricity, heating, gas, and water facilities.
2026-11
A factory in Jiangxi forcibly deducted workers' wages for two consecutive months without any explanation, causing wages to drop to 2,500 yuan and triggering protests.
2026-11
Data from the China Hairdressing and Beauty Association shows that in the first three months of this year, 213,000 hair salons nationwide were deregistered, closed, or transferred, while 127,000 new ones opened in the same period, resulting in a net decrease of 86,000.
2026-11
According to netizen submissions, multiple merchants in the Chengdu hardware and electromechanical market have recently closed their doors due to fears of being fined during 3C certification inspections. It is rumored that a merchant selling Delixi products was fined 80,000 yuan, while another was fined over 200,000 yuan. It is reported that hardware markets in Sichuan and Chongqing have all shut down.
2026-11
Recently, building materials and hardware markets in many parts of the country have collectively closed down due to market inspections, sparking concern and questions among netizens.
2026-10-31
Intel's stock plummeted by 28.58%, the Philadelphia Semiconductor Index dropped by 7.22%, spot gold fell 3.62% to a one-year low, and Nasdaq along with Bitcoin suffered heavy drops.
2026-10-31
According to the Associated Press, data released by China's National Bureau of Statistics on October 31 showed that the manufacturing PMI for October fell from 50.1 in September to 49.3, the new export orders index dropped from 50.0 to 48.7, and the production index fell from 51.7 to 49.8, indicating that factory activity has shifted from expansion to contraction.
2026-10-30
Huafa Shares released its Q3 report, showing a net loss attributable to the parent company of 6.437 billion in the first three quarters. As of September 30, the owner's equity attributable to shareholders of the listed company was only 3.093 billion, a sharp decline from 19 billion within one year.
Location: Zhuhai, Guangdong ·
Importance IV ·
Verification: Official claim ·
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2026-10-30
On October 30, spot gold prices plummeted, while both the 10-year TIPS real yield and the US Dollar Index recorded declines. The divergence between macro factors and gold price trends reflects a sell-off triggered by a drying up of underlying liquidity in the money market.
2026-10-30
Against the backdrop of tight liquidity at the end of the month and the Huafa default, bond funds held by bank wealth management subsidiaries faced preventive redemptions, triggering a market-wide stampede. Many investors saw two days of losses wipe out half a month's gains in their wealth management products.
2026-10-30
October 30 was the last trading day of October. The Shanghai Composite Index fell 1.44%, the Shenzhen Component Index fell 2.73%, the ChiNext Index fell 4.13%, and the STAR 50 Index fell 5.48%. Over 4,600 stocks across the market declined. For the month, the ChiNext Index fell by a cumulative 23.02%, and the STAR 50 Index fell by 24.13%.
2026-10-29
Recently, diesel shortages have erupted in places including Hebei, Shandong, Zhenjiang in Jiangsu, Huangmei in Hubei, Daguan in Yunnan, and Shenzhen. Many gas stations have announced temporary rationing or even suspension of diesel sales, with per-vehicle refueling limits generally capped between 100 to 500 yuan or a maximum of 100 liters.
[Follow-up · October 28, 2026] On October 28, netizens across the country reported that diesel is being rationed or is unavailable. Industry insiders analyze that government price caps have led to a price inversion between wholesale and retail, making gas stations and refineries unwilling to produce or sell at a loss. Compounded by international supply tensions due to conflicts in the Middle East, diesel prices have risen sharply.
2026-10-29
On October 29, the Chinese government announced that domestic refined oil prices would be raised again that night, just as diesel supplies are tight during the busy autumn harvest season.
2026-10-28
Insiders confirm that two matured trust products of Zhuhai Huafa Group were not redeemed on schedule, causing a sharp drop in the price of its offshore dim sum bonds.
2026-10-28
The balance of the overnight reverse repo facility held at the Federal Reserve by money market funds has fallen to $176 million, with the buffer completely exhausted.
2026-10-27
The 99th percentile SOFR transaction rate rose to 4.04%, exceeding the Federal Reserve's 4% window rate, and overnight repo volume rose to $3.147 trillion.
2026-10-26
On October 26, Bloomberg reported on a Morgan Stanley study saying that the Chinese stock market may not have bottomed out yet, and that offshore Chinese stocks could fall another 10%–15% before approaching historically low valuations, with weak economic consumption, pressure on e-commerce, and fears of tax-triggered selling of trusts intensifying the adjustment.
2026-10-26
On October 26, a netizen in Heilongjiang filmed a video showing farm machinery and vehicles queuing up at a gas station, stating that diesel fuel is currently extremely hard to come by.
2026-10-25
Bloomberg reported on October 25 that China's stock market has shrunk by about $3.5 trillion from its high earlier this year in May, with the CSI 300 index falling into a bear market the previous week, as weak consumption and price wars squeeze corporate profits.
2026-10-25
Recently, a netizen posted a video angrily denouncing the price hike of liquefied petroleum gas, saying that gas costing 20 to 30 yuan was being sold for 145 yuan, cursing the merchants as bandits and robbers, which resonated with netizens in the bullet comments.
2026-10-23
On October 23, the Ministry of Finance released fiscal revenue and expenditure data for the first three quarters. In September, national land transfer revenue was 233.4 billion yuan, down 23.2% year on year; individual income tax revenue was 138.4 billion yuan, up 10.5% year on year. In the first three quarters, land transfer revenue decreased by 621.5 billion yuan year on year.
2026-10-23
On October 23, a Douyin video relayed an oil price forecast released by state media: domestic fuel prices are expected to rise by 275 yuan per ton at 24:00 on October 29. In the comments section, a netizen posted footage of street protests in France with the caption "take notes," sparking a wave of angry abuse.
2026-10-22
The Secured Overnight Financing Rate (SOFR) fell to 3.9%, matching the Interest on Reserve Balances (IORB) rate, followed by a series of rate inversions.
2026-10-22
On October 22, the CSI 300 index closed down 1.84%, falling about 20% from its June high and entering a technical bear market; according to Bloomberg, the STAR 50 and ChiNext indices have both fallen about 40% in the second half of the year, and analysts believe the national team may need to buy more and for longer.
2026-10-22
According to a report by Yicai on October 22, from January to September 2026, nationwide urban and rural residents' household electricity consumption was 123.46 billion kilowatt-hours, down 0.3% year-on-year — the first decline for the same period in nearly ten years.
2026-10-22
A blogger posted a video of interviews at a night market. The stall owners’ fields of study included environmental monitoring, auto repair, finance, preschool education, and garment patternmaking. Netizens commented that the promise of education changing one’s fate had fallen flat.
2026-10-22
A netizen living in Shanghai shared a bay-window bed in a partitioned rental room, with a monthly rent of 500 yuan and a 2-yuan fee per use of the bathroom; in the same room, the large bed rents for 2,300 yuan a month and the small bed for 300 yuan, sparking heated discussion among netizens.
2026-10-21
In the video, multiple netizens and audio recordings reflect the severe economic pressures they currently face, including middle-aged unemployment, heavy debts, mortgages they can no longer sustain, and factory closures.
2026-10-21
On October 21, a Douban user posted that AI-driven layoffs are becoming increasingly common: apart from "Ningxia News Broadcast," the anchors at Ningxia TV have been replaced by AI; after Lao Gan Ma introduced AI pepper selection, the pepper-sorting positions were cut from more than 600 people to 48; the post also listed large-scale layoffs at multiple overseas tech companies including Coinbase, PayPal, and Meta.
2026-10-21
An in-depth Financial Times report on October 21 pointed out that China's population decline, deflation, weak consumption, and slumping property and stock markets resemble Japan in its day; after the property bubble burst in 2021, new housing starts fell 78% from their peak. Economist Richard Koo argues for stimulating demand through fiscal spending, while Adam Slater does not rule out growth slowing to 2% to 2.5% over the next decade.
2026-10-21
On October 21, a college graduate who finished school in May 2025 posted a video saying he still hadn’t found a job, striking a chord with netizens who have been unemployed for a long time; some said they hadn’t worked since 2022.
2026-10-20
The Wall Street Journal reported that China's real estate investment fell 21% in the first three quarters of this year, overall fixed-asset investment declined 7.2%, and consumer spending remains weak.
2026-10-20
Reuters reported on October 20 that some unemployed people in China leave home on time every day to pretend they are going to work in order to hide their job loss from their families, such as a 28-year-old laid-off internet worker in Chongqing who goes out from 9 a.m. to 6 p.m. every day. Cornell scholar Diana Fu said this behavior buffers collective discontent and helps Beijing delay the choice between automation and employment.
2026-10-20
The Wall Street Journal reported that China's flexible employment population is expected to rise to 320 million this year, accounting for more than 40% of urban employment. People from all walks of life, including headhunters and street vendors, say their incomes have fallen and they are switching to cheaper alternatives.
2026-10-20
College students taking part in the 2027 autumn recruitment season are complaining online that competition for jobs is too intense. One graduate student with internship experience at a major tech company keeps taking assessments and written tests every day but still has no offer. Offline job fairs are packed, and HR staff lament that resumes are so outstanding they can't screen through them all.
2026-10-20
On October 20, a netizen posted a video sharing the plight of a sharp drop in income, with his monthly salary falling from 4,800 yuan in 2021 to 2,800 yuan now. He mocked himself for having become a joke, and at the end of the video his eyes filled with tears. Many in the comments section said they were unemployed or had been owed wages for months.
2026-10-19
Economic data released on October 19 showed that from January to September 2026, China's real estate development investment fell 20.6% year-on-year, a wider decline than in January–August; national fixed-asset investment fell 7.2% year-on-year; and total retail sales of consumer goods rose 1.1% year-on-year in September, with the growth rate picking up from August.
2026-10-17
On October 17, the Zhengzhou government reported a tragic incident in which an entire family died together because they could no longer get by in life.
2026-10-17
On October 17, netizens posted that several real estate developers in Chengdu suddenly held all-staff meetings, announcing a work suspension and furlough, with employees not needing to report to work the next day. Multiple project companies in the Chengdu area were affected, and employees had already received furlough notices.
2026-10-16
According to a Sound of Hope report, Tang Ning, a figure in China's financial circle and founder of CreditEase, has been arrested. CreditEase made a late-night announcement declaring insolvency, causing 30 billion yuan in funds to evaporate and leaving 100,000 middle-class families with total losses.
2026-10-15
According to a Voice of Hope report, on October 15, 2026, in a certain place in Yunnan, the owner of a fruit stall mounted on a small truck, unable to bear the pressure of life due to poor financial circumstances, dumped an entire truckload of fruit onto the road and ran it over with his truck to destroy it. The incident reflects the despair and survival plight of ordinary people at the bottom of society under the current severe economic situation.
2026-10-15
A netizen posted a video asking "how exactly can one make money," saying he had submitted resume after resume, that effort does not bring a commensurate life, and that he felt like an ant being trampled underfoot.
2026-10-14
On October 14, the National Bureau of Statistics released September data: the PPI rose 5.0% year-on-year, the largest increase since June 2022; the CPI rose only 0.9%, below market expectations, driven mainly by higher gasoline prices; the core CPI rose 1.0% year-on-year, unchanged from August. Reuters noted that weak domestic demand limits companies' ability to pass on costs.
2026-10-14
On October 14, a netizen in Guangdong posted a video pouring out the last bit of rice left in the rice jar, captioned with the question "Should I buy rice first, or pay social insurance first?" Netizens in the comments section hotly debated the pressure of making a living.
2026-10-14
On October 14, a Douyin blogger posted a video showing a strivers' hostel in Shenzhen that charges 14 yuan per night and has 8 beds. Most of the guests are college graduates looking for work; some have stayed for months, and late at night some guests are still out working and have not returned.
2026-10-14
On October 14, a middle-aged netizen who was about to lose his job for the second time posted a video saying he was unemployed, in debt, and facing a marital crisis, saying “It’s too hard, I can barely hold on.” Netizens left comments sharing similar situations and encouraging him.
2026-10-13
The IMF released its latest World Economic Outlook report, slightly raising this year's global economic growth forecast to 3.1%, and expects India to become the fastest-growing economy.
Location: Washington, United States ·
Importance III ·
Verification: Official claim ·
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2026-10-13
On October 13, the Wall Street Journal reported that China's slowing economic growth combined with the popularization of AI has led to a record 12.7 million college graduates this year amidst a severe job shortage. The urban youth unemployment rate for those aged 16 to 24 stands at around 19%, leaving young people escaping to Dali to "lie flat" or struggling in the gig economy.
2026-10-13
On October 13, the IMF released its latest World Economic Outlook, raising Taiwan's 2026 growth forecast from 5.2% in April to 10.7%, while lowering the mainland's forecast by 0.1 percentage points to 4.5%; Taiwan's growth is mainly driven by demand for AI and advanced chips.
2026-10-12
On October 12, Beijing's Chaoyang police announced that a company related to Yixin had been placed under criminal investigation, that actual controller Tang and Zhao and others had been subjected to criminal coercive measures, and that investors were asked to report to the police and register; the specific charges, the amount involved, and the number of people have not yet been disclosed.
2026-10-12
On October 12, a netizen posted a social insurance payment bill showing a payment of 2,785.43 yuan in social insurance fees to the Shenzhen Municipal Tax Bureau via Alipay's Huabei, and said it could be paid in installments; the netizen also found that records of paying social insurance via Huabei in Shenzhen, Guangxi, Jingdezhen and other places had existed since 2022.
2026-10-11
According to a report by the Financial Times, China's economic growth in the second quarter fell to 4.3%, below the full-year target range of 4.5% to 5%. Retail sales and fixed-asset investment were weak, and the property market has been in a downturn for more than five years.
2026-10-11
Srinivasan, head of the International Monetary Fund's Asia Department, noted that China's growth model of relying on investment, manufacturing and exports is approaching its limits, and suggested improving the social security system, adjusting local government incentives and the land-finance model, warning that otherwise the country could fall into a prolonged slowdown.
2026-10-11
Morgan Stanley expects China's public debt-to-GDP ratio to reach 122% by the end of 2026, up 48 percentage points from before the pandemic.
2026-10-11
On October 11, CreditEase sent an apology letter to investors in fixed-income-like products, acknowledging that the products were in substantive default. It stated that redemptions had been completely suspended since May 22, that preliminary financial due diligence found the company may be insolvent with a large debt repayment gap, and that market-based disposal efforts had yielded no results.
2026-10-11
On October 11, a Douyin blogger posted an animation in which a mole gets beaten in a whack-a-mole machine to earn money and support its family, with the caption "the pillar of the family, the offcut of society." The video received more than 170,000 likes and over 60,000 shares, and netizens in the comments section left messages mocking themselves.
2026-10-08
On October 8, The Wall Street Journal reported that, facing difficulties such as the real estate downturn, insufficient domestic demand, and second-quarter GDP growth slowing to 4.3%, the stimulus measures introduced by the Chinese government — including mortgage subsidies and capital injections into banks — lean toward caution and are unlikely to fundamentally reverse the economic weakness.
2026-10-08
On October 8, a fresh graduate posted about the 2026 fall recruitment season, saying bluntly that their biggest feeling was a sense of powerlessness after seeing through everything, and criticizing major internet companies for putting on a show of fall recruitment.
2026-10-07
A graduate student who earned a degree in software from Harbin Institute of Technology in 2012 and once wrote code at a big tech firm now makes a living selling balloons on the streets of Changsha, where he was reunited with a former big-tech colleague now working as a grilled squid vendor, reflecting the widespread unemployment predicament of highly educated talent in China today.
2026-10-07
A survey by Nikkei and Nikkei Quick of 22 economists showed that China's economy is expected to grow 4.4% year-on-year and 1.1% quarter-on-quarter in the third quarter of 2026, falling below the government's full-year target range of 4.5% to 5% for the second consecutive quarter; respondents expect full-year growth of 4.6%.
2026-10-05
Commenters reported that wages in Liaocheng have been unpaid for ten months, for staff in Heze under public employment for four months, for dispatched workers in a district of Shenyang for nine months, and in Hebi for seven months, showing that wage arrears are widespread in many places.
2026-10-05
According to a Bloomberg report on October 5, as of the time of the report about 256 public funds had been liquidated this year, with another 46 warning of possible termination; the full-year number of liquidations may exceed 300, the most since 2018.
2026-10-04
The Financial Times reported on October 4, citing data from the National Financial Regulatory Administration, that more than 670 banking institutions in China failed in 2025, almost all of them located in rural areas; statistics from Fitch show that the number of banking institutions has fallen to 3,139, a 23% decrease over four years, with small banks suffering from poor asset quality and insufficient capital, while the property downturn and deflation squeeze profits.
2026-10-02
On October 2, hairy crab markets in various regions saw severe unsold inventory and a full-blown collapse, with buyers one after another halting purchases. Prices fell from their highs and kept sliding, reflecting people tightening their belts and trading down in consumption.
2026-10
The Chinese Communist Party (CCP) officially released economic data for September and the third quarter, showing exports hitting a record high in a single month, PPI rising 5% year-on-year, and new aggregate financing of 3.55 trillion yuan, presenting a recovery narrative; however, at the micro level, new household loans stood at zero, and profits of mid- and downstream firms were severely eroded by the scissors gap.
2026-10
Statistics from JPMorgan at the end of October showed that multiple offshore bonds of Huafa fell by an average of 54 points, causing Huafa Shares' stock price to hit the daily limit and sparking widespread market concern over its debt crisis.
2026-10
Large numbers of job seekers who cannot find work are gathered on the streets of Guangzhou, rushing about everywhere in search of employment.
2026-10
IELTS tests are being cancelled at short notice on a large scale in many parts of the country; some candidates are already on their way and have printed their admission tickets, and the reason remains unknown.
2026-10
A 35-year-old job seeker stated that last month, while working a part-time job sorting fresh food, they worked for 6.5 hours, picked 150 orders totaling 250 items, earned about 100 yuan, and were treated with impatience by colleagues multiple times.
2026-10-01
The National Defense Mobilization Law of the People's Republic of China officially took effect on October 1, stipulating that male citizens aged 18 to 60 and female citizens aged 18 to 55 shall legally undertake national defense service duties, including supporting and safeguarding military operations, preventing and relieving the disasters of war, and assisting in maintaining social order.
2026-10
After the National Day holiday, many netizens reported on social media that their companies had closed down or their bosses had fled. Some factories were emptied out during the holiday, leaving workers with months of unpaid wages and nowhere to seek payment. Netizens claim that the National Day holiday is a peak period for bosses to flee, as doing so allows them to avoid settling wage payments.
2026-10-01
On October 1, Time Finance reported that Zhang Qiang (a pseudonym), a homestay operator at a scenic area in Jiangsu, said that three years ago the best room type could sell for 700–800 yuan a night during the National Day holiday, but now even listing it at 580 yuan still brings no orders; more than 100 homestays cluster in his area, making price competition fierce.
2026-09-30
Data show that at the end of last year, among every 100 yuan of China's new industries, domestic demand exceeded exports by 28 yuan; by July 2026, exports surpassed domestic demand by 16 yuan. In eight months the balance between domestic demand and exports completely reversed, reflecting weak domestic demand and an economy increasingly reliant on exports.
2026
Xiaomi's employee count decreased from 56,531 at the end of 2025 to 52,876, a reduction of 3,655 people in half a year; R&D personnel decreased by 500.
2026-09-29
On September 29, a garment industry worker posted a video titled "Unemployment Scene in Guangzhou," saying that many people at the day-labor market on Qiaonan Xinjie Street in Guangzhou had been waiting early in the morning for daily-paid work. Some had gone several days without landing a job, and their savings were gradually running out. The poster said a daily wage of 150 yuan was already considered decent, and that earning 300 yuan would mean staying up late into the night.
2026-01
From January to May 2026, Beijing's total retail sales of consumer goods fell by 2.5% year-on-year.
2026-09-28
According to a Bloomberg report on September 28, China's banking sector is accelerating the bulk sale of non-performing personal loans such as credit card debt and consumer loans. In the first eight months of this year, over 1,000 asset packages were listed, with outstanding balances exceeding 275 billion yuan, and some deals were priced as low as 1% of face value.
2026-09-28
On September 28, a Douyin blogger released a video titled "No Good Employer Has One-Day Weekends," questioning the claim that taking one less day off means earning more money, arguing that many monthly salaries are padded out by extending working hours, and saying wages should be evaluated by hourly rate, sparking heated discussion among netizens.
2026
Official data from the Chinese Communist Party (CCP) shows that household deposits increased by 7.58 trillion yuan in the first half of the year, while household loans decreased, reflecting a strong precautionary savings tendency among ordinary people amid economic uncertainty.
2026
In the first half of 2026, the country saw a net decrease of 410,000 catering stores, corroborating the reality that retail sales of consumer goods are actually declining significantly.
2026-09-27
A 2026 graduate shared their job-hunting experience, saying that a potato-planting job received 3,000 resumes in two days; they said that under job-hunting pressure they no longer require a two-day weekend or a specific work location.
2026
Data from the Ministry of Finance shows that national revenue from the transfer of state-owned land use rights has dropped to over 970 billion yuan, a year-on-year decrease of 31.5%.
2026-09-26
Simulations and calculations show that, in order to hold to the general budget target, the government's continued intensification of tax collection would make the tax base and corporate profits unable to bear the load, and the moment the red line is burned through falls around October 2028.
2026-01
According to data cited in the video, in the first five months of 2026, China's land transfer revenue fell by nearly 30% year-on-year, a steeper decline than for the whole of 2025.
2026
According to a media review, in Q1 2026, the fiscal self-sufficiency rates of all 29 provinces that had disclosed data were below 100%; at the same time, it has been pointed out that if the full year is taken into account, a local fiscal self-sufficiency rate below 100% is actually the norm.
2026-01
Ministry of Commerce data show that from January to July 2026, actual foreign investment nationwide was 438.33 billion yuan, a year-on-year decline of 6.2%.
2026
In the first half of 2026, the proportion of Chinese homeowners over the age of 60 listing their properties for sale soared to 22.7%, a significant increase from 11.3% in 2022.
7月22日
A netizen shared a video of two elderly people fighting over cardboard boxes, sparking sighs in the comments section about social involution. Some netizens pointed out that given the involution and food safety issues in China, many people might not even live long enough to reach the age of fighting over cardboard boxes.
2026-09-14
On September 14, 2026, a shop in Guangzhou officially announced its closure due to business difficulties.
2026-09-20
On September 20, 2026, due to extremely poor business in September, many people chose to return to their hometowns and were waiting at the bus station.
2026-09-16
On September 16, a netizen posted a video on Bilibili interviewing local security guards and cleaners, revealing that their daily wage was only 55 to 64 yuan, and used supermarket purchasing power to satirize the low human rights advantage of cheap labor in China, triggering discussion among netizens.
2026-09-21
Reports on September 21 showed that the unemployment rate among non-student youth aged 16 to 24 in China rose to 18.9%, amid a continuing economic downturn. Although multiple economists have warned that AI is unlikely to drive employment, Beijing still plans to invest approximately $295 billion over the next five years to build a national data center network. Xi Jinping emphasized the importance of focusing on "hard power" rather than just GDP.
2026-09-21
Instead of focusing on GDP, look at “hard power”: youth unemployment rate is 18.9%, AI continues its great leap forward. On September 21, The New York Times reported that while the unemployment rate for non‑student Chinese youth aged 16‑24 has risen to 18.9% and consumption and real estate remain sluggish, Beijing is still preparing to pour massive resources into artificial intelligence. Bloomberg previously said China is planning to invest about $295 billion over the next five years to build… #Xi Jinping
2026-09-17
On September 17, media reported that high-speed rail and bullet train discounts narrowed ahead of the National Day holiday, resulting in actual fare increases. 12306 customer service responded that holiday fare fluctuations are normal, triggering public dissatisfaction, with some netizens calling for a boycott through refraining from consumption.
2026-09-17
On September 17, Evergrande Auto released its 2026 interim results, showing that the company has only 7 employees left, with total assets of approximately 182 million yuan and liabilities as high as 32.722 billion yuan. The company explicitly stated that it has exited the vehicle manufacturing business and has no intention to resume it, with the net profit for the first half of the year mainly derived from exchange gains on borrowings.
2026-09-15
On September 15, The Wall Street Journal published an article pointing out that while China can avoid a sudden financial crisis through its state-controlled financial system, the losses from real estate and bank bad loans will not disappear. Economist Michael Pettis believes that the losses will be borne by ordinary residents in the long run through low deposit returns and shrinking asset values, rather than manifesting in public forms such as bank failures.
2026-09-17
The National Bureau of Statistics announced that the unemployment rate for young people aged 16 to 24, excluding students, reached 18.9% in August, a record high since the methodology was changed.
2026-09-17
The Economist reported on September 17 that the number of college graduates this year reached a record 12.7 million; a property market slump and weak consumption have shrunk corporate demand, and even using an adjusted statistical method, summer youth unemployment was still approaching 20%.
2026-09-17
The half-year reports of the Big Six banks show that the combined balance of personal housing loans fell by 508.6 billion yuan in the first half of the year, more than half of the 711.5 billion yuan decline recorded for all of 2025; the non-performing loan ratio of Industrial and Commercial Bank of China's personal mortgages rose 23 basis points in six months to 1.29%, and the mortgage NPL ratios of all six major banks are rising.
2026-09-17
The Economist reported that more and more Chinese young people are choosing to lie flat, become full-time children, or pay about 30 yuan a day to join "pretend-to-work" companies or spend their days at the library, in order to maintain a psychological sense of workplace participation.
2026-09-16
Affected by low-price competition and high commission fees on e‑commerce platforms, merchants in the Hebei industrial belt have independently built a B2B platform “Hebei Involution Net”, featuring factory direct supply with no commissions, aiming to bypass intermediate platforms and connect directly with purchasers, scheduled to launch on October 1.
2026-09-12
On September 12, Inner Mongolia University of Technology held a special job fair for central and state-owned enterprises, attracting a large number of students. The crowded scene reflects the current severe employment situation.
2026-09-16
On September 16, a blogger posted a video showing the food purchased at a German Aldi supermarket with one hour of a cleaner's wages, and comparing the difference between German cashiers working seated and domestic employees working standing, sparking discussion among domestic employees and netizens about workers' rights and cheap dividends.
2026-09-15
At the September 15 press conference of the State Council Information Office, the National Bureau of Statistics announced that the average urban surveyed unemployment rate for January to August nationwide was 5.2%, with the August monthly rate at 5.3% and a month‑on‑month increase of 0.1 percentage point. The authorities described the employment situation as overall stable, prompting netizens to mock and question statistical rules such as the exclusion of flexible employment from unemployment counts.
2026-09-15
The National Bureau of Statistics released data showing that national fixed-asset investment fell 7.2% year on year from January to August, while real estate development investment fell 19.9% year on year.
2026-09-15
On September 15, the National Bureau of Statistics announced that from January to August, national fixed-asset investment fell 7.2% year-on-year, private investment fell 10.1%, state-controlled investment fell 3.6%, and infrastructure investment fell 4.0%.
2026-09-15
In September 2026, a Shenzhen businessman dealing in TPE materials visited specialized markets and said they were almost deserted. Previously, multiple manufacturing factories had closed one after another, and not a single one had voluntarily ceased operations after making money.
2026-09-15
In September 2026, a tenant in Hangzhou said the office building they were in had a high vacancy rate: nearly all the tenants on their floor had moved out, leaving only one company, with many offices sitting vacant and no one renewing the leases.
2026-09-15
Wen Bin, chief economist at China Minsheng Bank, published a column on September 15 saying that the financing structure in August continued to optimize and better match new quality productive forces; the claim is accused of masking the contraction of credit in the private sector.
2026-09-15
In September 2026, the owner of a machining factory in Shenzhen said that after September began, orders dropped significantly and there had been basically no work for over ten days, so he decided to shut the factory, return home to farm, and sell off all the equipment.
2026-09-15
In September 2026, a Shenzhen worker posted online that he worked 7 hours that day and earned only 18 yuan, lamenting that hourly wages at domestic factories are just over ten yuan, and recalling the working conditions he previously enjoyed at a foreign-invested factory.
2026-09-14
On September 14, 2026, the blogger filmed a nighttime on-site scene in a multi-story office building in Shanghai and found large areas of vacancy on some floors, with corridor lights still on and no one inside the offices. The video shows that the brightly lit exterior of the building actually contains mostly public corridors, while the actual office areas are empty. Data released by several real‑estate consulting firms for the second quarter of 2026 state that the overall vacancy rate of Grade‑A office buildings in Shanghai is between 22% and 23.5%. A JLL report shows the overall vacancy rate of Shanghai Grade‑A office towers at 23.5%, with 19.3% in the Central Business District and 27.1% outside it, meaning that for every four square metres, more than one square metre is vacant. This phenomenon reveals a supply‑greater‑than‑demand situation in Shanghai's office‑building market.
2026-09-14
The People's Bank of China released the financial data for August. New RMB loans nationwide totaled only 60 billion yuan, far below the market expectation of 404.3 billion yuan, and the year-on-year growth rate plummeted to a historic low of 4.9%. Both household and corporate loans experienced sharp declines, reflecting a frozen willingness for private sector investment and consumption.
2026-09-14
The aggregate financing to the real economy for August announced by the central bank was 1.66 trillion yuan, of which net government bond financing was 1.01 trillion yuan, accounting for 60.8%; renminbi loans to the real economy were only 60 billion yuan, accounting for 3.6%, meaning financing was mainly supported by government borrowing.
2026-09-14
Central bank data show that household loans decreased by 202.9 billion yuan in August, of which short-term loans fell by 121.9 billion yuan and medium-to-long-term loans fell by 82.2 billion yuan. Both the short and long ends declined simultaneously, indicating that residents are neither buying homes nor borrowing to finance consumption.
2026-09-14
Central bank data show that corporate loans increased by 260 billion yuan in August, of which short-term loans decreased by 160 billion yuan and medium- and long-term loans increased by 320 billion yuan, below the level of 470 billion yuan in new medium- and long-term loans in August last year.
2026-09-14
Financial data for August released by the central bank on September 14 showed that the year-on-year growth of the RMB loan balance fell to 4.9%, the lowest value since statistics began.
2026-09-14
Central bank data show that household deposits increased by 6.99 trillion yuan in the first 8 months of 2026, 2.78 trillion yuan less than in the same period a year earlier; over the same period, household loans decreased by a net 1.03 trillion yuan, and the household sector's overall balance sheet shrank by about 8 trillion yuan.
2026-09-14
To address the difficulty SMEs face in collecting receivables, the General Office of the State Council issued a special notice, putting forward 10 measures in four areas, requiring large enterprises to shorten the maximum payment period for SMEs to within 60 days, and pushing leading enterprises to honor a “60-day cash payment commitment.”
2026-09-14
In the first 8 months of 2026, net corporate bond financing totaled 2.79 trillion yuan, 1.23 trillion yuan more than the same period last year. However, most of these were bonds of a local government financing platform nature, essentially replacing loans with low-interest, long-duration bonds rather than representing new investment.
2026-09-12
On September 12, 2026, a Bilibili netizen posted a video showing them shopping at a mid-to-high-end supermarket in Germany using the hourly wage of an outsourced security guard (approximately €22-24). The video documented purchases including pizza, bread, marinated pork ribs, salmon, steak, buttered toast, 1 liter of whole milk, and two kiwis, totaling €24.85. The video sparked a flurry of comments discussing Germany's purchasing power and recent discussions about the implementation of the two-day weekend.
2026-09-10
On September 10, the Yunnan Provincial Department of Transport announced the application status for public institution recruitment. Among them, the "Admissions and Employment Management Post" at the Yunnan Transport Technician College recruited only 1 person, but attracted 5,172 applicants, with 4,953 passing the review and 2,106 completing the payment. This position has no major restrictions and is included in the public institution establishment.
2026-09-11
On September 11, a video circulated online showing a girl searching for and eating leftover food from a trash can, which garnered widespread attention and shares. The comment section for the related video was strictly limited, displaying only 3 comments, while a large number of netizens used bullet comments to express sarcasm and commentary.
2026-09-13
On September 13, a netizen posted on Douyin saying she is a 2026 undergraduate graduate carrying 60,000 yuan in student loans, that she had been job hunting in Guangzhou for three months without success, and had finally ended up working in a factory. On September 26, she posted a comparison photo of her graduation gown and her factory uniform, saying, “Four years of undergraduate study came to nothing; now I’m a general worker in an electronics factory.”
2026-09-13
In September 2026, a 38-year-old man said he had just found a job paying 7,000 yuan a month three months earlier, when his supervisor laid him off on the grounds of a company business adjustment, notifying him that he would lose this income starting in October. He felt that, unemployed in middle age, he could barely afford even meals.
2026-09-11
Starting from 24:00 on September 11, the National Development and Reform Commission announced a price increase for refined oil products, with gasoline and diesel rising by 260 yuan and 250 yuan per ton, respectively, despite implementing a so-called temporary price control. Combined with the price adjustment on August 28, these two rounds of increases have added approximately 0.48 yuan per liter for 92-octane gasoline and 0.52 yuan per liter for 0-diesel.
2026-09-09
An undergraduate graduate born in 2004 from Hebei complained online that after submitting 200 resumes, there was no response, and due to immense employment pressure, they were forced to consider working in a factory.
2026-09-10
On September 10, the State Council called on central state-owned enterprises to take the lead in making timely payments, with a focus on large companies that have sizable accounts payable and ample cash assets.
2026-09-07
On September 7, "Gelonhui Illustrates the World" released a comparison chart of the ten-year gains of major global stock indices. Among the 14 indices listed, the ChiNext Index, CSI 300, Shanghai Composite Index, and Hang Seng Index ranked in the last four positions. #FanzeiAcademy
2026-09-08
In the first half of 2026, China's domestic auto sales were only 9.92 million units, a year-on-year decline of 21.1%, a drop larger than the 16.6% recorded during the pandemic lockdowns of 2020.
2026-09-08
In 2026, China's vehicle manufacturing profit margin fell to 1.5%. Total profits in the first half dropped to 39.4 billion yuan from 137 billion yuan in the same period of 2021, a decline of over 70%, on par with the level during the 2008 financial crisis.
2026-09-04
A neighbor said the family bought the house for about 1.35 million yuan in 2021 and paid for renovations; after five years of mortgage repayments, they sold the house for 800,000 yuan. Her husband is unemployed, and the family is under considerable pressure to repay the loan.
2026-09-04
A middle-aged man sold his TV because he had no money for food, saying he was rejected over his age while job hunting and that he had already sold everything in the house that could be sold.
2026-09-02
An online screenshot shows that Jiangsu Bank said the loan business it acts as an agent for in cooperation with Ctrip has been suspended, and notified customers that large withdrawals are restricted, with small withdrawals limited to no more than 500 yuan per day and no more than 4 times per month, the restrictions lasting until September 1, 2028.
2026-09-02
In the early hours of September 2, a large number of migrant workers gathered at the labor market waiting for work, and people continued to arrive on site.
2026-09
The official unemployment rate for the 16-24 age group, excluding students, reached 18.9% in August, indicating severe pressure on the job market.
2026-09
A man from Xiushui, Jiangxi, born in 1987, unmarried and childless, with debts of over 1.5 million yuan, surviving on just one meal a day, highlighting the individual survival crisis under economic hardship.
2026-09
Many middle-aged people who were laid off have been unable to find work for a long time, still carry millions of yuan in mortgage and car loans, live under heavy pressure, and face a severe survival crisis.
2026-09
China's National Bureau of Statistics released fixed-asset investment data for January to August. Investment nationwide fell 7.2% year-on-year, while in the Northeast region fixed-asset investment dropped 25.5%, with Liaoning down nearly 30% in the first half of the year.
2026-09
Since September, Zhuhai Huafa has been seeking to negotiate with at least three Chinese banks, attempting to extend the maturity and lower the interest rates for all its deposits, but was rejected by the banks, which was followed by the default of its trust products.
2026-09
In September 2026, according to a blogger's friend, a credit business in a Pudong, Shanghai bank is seeing a continuous rise in bad loan rates due to unstable customer income and deteriorating business operations. Extremely strict approval standards have led to almost zero performance, leaving loan officers with only the minimum basic wage and facing the dilemma of forced resignation.
2026-09
Videos from Xiamen indicate a decline in foreign trade and manufacturing orders, with some enterprises laying off staff or cutting employee wages from 7,000-8,000 yuan to 5,000-6,000 yuan, leading employees to resign voluntarily.
2026-09
Some returning migrant workers stated that job wages in Fujian, especially Xiamen, are mostly 4,000 to 5,000 RMB per month, making it difficult to cover rent and living costs, prompting some migrant workers to return home.
2026-09
Financial professionals report that some families in Xiamen have had their homes auctioned or seized by courts due to an inability to repay mortgages, falling into a predicament of unstable income and fixed expenses.
2026-09
Affected by inventory backlogs and cigarette price cuts, 320,000 tobacco and liquor stores nationwide disappeared last year, making industry operations extremely difficult.
2026-09
Job seekers in Shanghai report being out of work for more than half a year and going months without interview invitations; some say they spend hours each day on job-hunting apps yet still struggle to get any reply.
2026-09
Multiple netizens and merchants in Shanghai posted on-site descriptions saying that foot traffic at Jinhongqiao, Metro City, Hopson One, Qipu Road and some commercial districts has decreased, with shops standing vacant or shuttered.
2026-09
A college student in Henan broke down from being unable to endure workplace involution and economic pressure, reflecting the widespread plight faced by China's working population.
2026-09
A 35-year-old employee of a major tech company was laid off and is facing difficulty finding a new job, reflecting the grim state of the current job market.
2026-09
A number of large companies in the Chengdu area have carried out layoffs, with many people job-hunting for as long as two or three months, while small companies have successively suffered losses and gone out of business, showing the impact of the economic downturn on the city's job market.
2026-09
There has been a significant increase in the number of middle-class business owners in Shandong, Henan, and Hebei inquiring about immigration and applying for passports, which may be related to concerns about the domestic economic outlook.
Location: Hebei, Henan, Shandong ·
Importance III ·
Verification: Reported ·
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2026-09
China's published fiscal data shows that in the first 8 months of 2026, revenue from state-owned land transfers exceeded 1.3 trillion yuan, a year-on-year decline of 28.6%.
2026-09
China's fiscal data show that in the first 8 months of 2026, debt interest payments approached 1 trillion yuan, a year-on-year increase of 5.4%.
2026-09
Official data from the Chinese Communist Party (CCP) shows a 1.1% nominal growth in total retail sales for the first nine months, but after adjusting for inflation, the real growth is only 0.2%. The growth is primarily driven by essential survival needs like grain and oil, while discretionary consumption has shrunk significantly.
2026-09
A post‑2000 girl, at 26, faced family and personal pressure, working by day and editing videos at night, with a bank balance of less than 3,000 yuan, feeling hopeless and desperate about life. She reflected on why she hadn't become strong earlier, realizing that only by becoming strong herself could she cope with life's difficulties.
2026-09-01
A self-reported account says that around September 1, after most people paid tuition, consumption decreased, clothing factory orders were reduced, and some families began to tighten their belts.
2026-09
A large number of closed shops and faded 'for transfer' or 'for rent' advertisements have appeared on the streets of Xiamen, with some restaurant owners stating they can no longer afford the rent.
2026-09
Xiamen residents and tourism practitioners report that pedestrian traffic in streets, shopping malls, and Xiamen North Railway Station has decreased, with tourism and physical retail business significantly more sluggish compared to previous years.
2026-09
A videographer at Huijing Life Plaza near Luban Road subway station in Huangpu District said that multiple shops have closed, with Starbucks, a beef restaurant, a barbecue restaurant and an education and training institution among those that have ceased operations, and foot traffic in the mall is sparse.
2026-09
A videographer at New Continent Plaza in Lujiazui, Pudong, said that many shops in the plaza had already closed, and the shops on the second floor were also relatively deserted.
2026-09
A Shanghai netizen said that in the Changshou Road area, some people who have nowhere to live bring blankets at night and sleep on other people's spare sofas, and when the weather is warm, some also sleep under bridges.
2026-09
Shanghai netizens say food delivery platforms are seeing fewer orders, and those who want to work in food delivery or ride-hailing have to queue up; others say the delivery hall is short of orders and the work is hard to do.
2026-09
As of September 2026, a number of Grade III-A hospitals across the country have successively begun layoffs, starting with contract employees whose terms have expired and are not being renewed.
2026-09
Physical stores in Hangzhou are facing difficulties in operation, with even cardboard being stolen, reflecting the survival pressure faced by small and medium-sized business owners.
2026-09
Catering enterprise Xibei is rumored to face bankruptcy due to a broken capital chain. Instead of reflecting on the pre-made meal issue, its founder Jia Guolong reportedly plans to sue Luo Yonghao, who previously exposed the problems, triggering public discussion about the company shirking responsibility and potentially evading debts.
2026-09
Data show that China's GDP grew only 4.3% year-on-year in the second quarter, below the full-year target range of 4.5% to 5%, with the property market remaining sluggish and weak consumption and investment figures.
2026-09
According to a report by the South China Morning Post, China's announced unemployment rate for young people aged 16 to 24 in August rose to 18.9%, up further from 17.9% in July, and excludes students currently enrolled in school; a record 127 million university graduates entered the job market this summer.
2026-09
In Q2 2026, the net interest margin of commercial banks fell to 1.25%, with the margins of the four major banks — ICBC, ABC, BOC and CCB — ranging between 1.23% and 1.29%, and the posted one-year deposit rate already cut to 0.95%.
2026-09
Since 2026, more than 400 village and town banks have exited, in addition to 312 high-risk institutions flagged in red by the central bank's financial stability department, involving assets of 9.4 trillion yuan, concentrated in rural small and medium-sized banks such as rural commercial banks.
2026-09
In August 2026, retail sales of consumer goods rose only 0.4% year on year, while residential electricity consumption fell 5.1% in July of the same period, showing a contraction in household consumer demand.
2026-09
In September 2026, independent media entered several office towers in Lujiazui, Shanghai, and filmed large numbers of vacant floors. International companies have moved out and office space has been drastically reduced, yet the buildings remain brightly lit at night, accused of creating an illusion of economic prosperity; property security guards have been withdrawn over unpaid fees, and management is lax.
2026-09
In 2026, Shenzhen's cross-border e-commerce sector has been hit by an unprecedented clearing-out, with veteran sellers in Bantian, Fuyong, Huanan City and elsewhere who had endured for five or six years successively clearing out their stores, cutting operations and scaling back, while some simply shut their doors.
2026-09
Recently, libraries in many parts of China have seen long queues for seats. A large number of unemployed individuals and middle-aged people are using libraries as a refuge to alleviate the psychological stress caused by unemployment.
2026-09
Online reports claim that office towers such as Shenzhen's Future Assets Plaza only turn on their exterior lighting at night while the interiors stand empty, creating the false impression of a brightly lit, thriving building, when in fact many floors are vacant.
2026-09
In September 2026, the boss of a cross-border e-commerce company in Shenzhen announced that the team had officially disbanded. Because it had been unable to generate profits for a long time, the company became a one-person company, and its workers joined the ranks of flexible employment.
2026-08-31
On the last day of August, Miss Keke Li's women's clothing shop on Taobao, which has over 20 million followers, closed and all items were removed from the store. The shop was considered one of the top online women's clothing stores, and its closure comes against a backdrop of insufficient foot traffic in physical women's clothing stores, difficulties in selling down jackets and coats, and several other women's clothing stores struggling with poor operations. The operators said that low‑price high‑volume sales did not generate enough turnover, and the women's clothing industry faces significant pressure both online and offline.
2026-08-31
China's National Bureau of Statistics announced that the manufacturing PMI for August was 49.8, up 0.6 points from July; the new orders index was 50.6.
2026-08-30
According to the video, in Q1 2026 the net interest margin of China's major state-owned banks dropped to about 1.25%, hitting a historic low; as a result, the big banks withdrew from taking over village and town banks, and the acquirers became rural commercial banks at the prefectural-city level.
2026-08-29
A message circulating on social media claims that a Ctrip blow-up left 170 million depositors unable to withdraw their money, involving 320 billion yuan and implicating 11 banks, and that it may eventually affect 40 banks and tens of thousands of branches.
2026-08-29
On August 29, the semi-annual report of China State Construction Engineering Corporation showed that its accounts payable exceeded 1.1 trillion yuan, with nearly 300 billion yuan overdue for more than a year. The company admitted to extending payment cycles for subcontracted projects, despite holding 395.1 billion yuan in cash and cash equivalents. On September 10, the State Council required state-owned enterprises to take the lead in making timely payments, focusing on large enterprises that have sufficient cash but still delay payments.
2026-08-28
On August 28, the National Development and Reform Commission raised domestic refined oil prices, with gasoline and diesel up 375 yuan and 360 yuan per ton respectively, marking the first of two rounds of oil price hikes within 14 days.
2026-08-28
On August 28, 2026, official statistics showed that Shanghai’s total retail sales of consumer goods in July 2026 were 120.978 billion yuan, down 6.3% year-on-year, marking a fourth consecutive month of negative growth with the decline widening.
2026-08-24
The topic "45-year-old female master's graduate sets up a fruit stall after losing her job" topped Weibo's hot search, sparking widespread discussion and resonance.
2026-08-21
Data released by the Ministry of Finance of the Chinese Communist Party (CCP) shows that land grant revenue across China fell by 31% from January to July 2026.
2026-08-19
This year's Qixi Festival box office hit a nearly 10-year low, down more than 60% year on year, while florists said rose sales were cut in half.
2026-08-17
China's National Bureau of Statistics announced that fixed-asset investment fell 6.7% year-on-year from January to July, private investment fell 9.4%, and infrastructure investment fell 3.6%.
2026-08-17
From January to July 2026, China's real estate development investment fell 19.2% year-on-year, while data related to newly started projects fell 24%.
2026-08-17
On August 17, 2026, China's National Bureau of Statistics rarely broke its long-standing convention of releasing data in the morning, postponing the July national economic data to 3 p.m., after the A-share market closed, sparking market concerns that the data was under pressure.
2026-08-15
On August 15, 2026, Fan Jianchuan, curator of the well-known private Jianchuan Museum, publicly stated that due to a downturn in cultural and tourism consumption and declining revenue, the museum has stopped all new hiring as staff members retire or resign from the 700-person team.
2026-08-14
On August 14, 2026, Finnish telecom equipment maker Nokia confirmed that it will close its radio technology R&D center in Hangzhou, China, with about 1,600 employees affected by the layoffs, marking a further reduction of its business in China.
2026-08-13
On August 13, 2026, foreign media reported that Anhui Guohou Asset, a Chinese local distressed-asset disposal firm, was formally ruled by a court to enter bankruptcy reorganization after being unable to repay massive debts of about 13 billion yuan.
2026-08-11
On August 13, 2026, China's provinces released their fiscal data for the first half of the year. National local land transfer revenue plummeted 31.5% year-on-year, and grassroots finances face severe pressure to guarantee the "three essentials."
2026-08-09
On August 8, 2026, China's National Bureau of Statistics released data showing that the Consumer Price Index for July rose 0.5% year-on-year and the Producer Price Index rose 3.5% year-on-year, both below market expectations, indicating insufficient momentum for domestic demand recovery.
2026-08
According to projections based on multiple independent channels, approximately 3.84 million businesses across China permanently ceased operations in the first half of this year, with a half-year exit rate exceeding 11%.
2026-08
In August 2026, the People’s Bank of China released financial data showing that the month’s nationwide new RMB loans were only 60 billion yuan, far below the market expectation of 4,040 billion yuan. In the first eight months, nationwide new loans totaled 10.44 trillion yuan, nearly 3 trillion yuan less year‑on‑year. Government bonds accounted for 1.01 trillion yuan of the total 1.66 trillion yuan of financial involvement in society, a year‑on‑year plunge of 35%, while corporate and household loans shrank sharply.
2026-08-01
On August 1, 2026, Qiushi, the journal of the CCP Central Committee, published an article candidly acknowledging that there is a temperature gap between macroeconomic data and the micro-level experience of the ordinary public, conceding that intensifying competition for jobs and improvements in income have fallen short of expectations, sparking widespread social discussion.
2026-08
According to National Bureau of Statistics data compiled by the Continuation Index, retail sales of automobiles by enterprises above the designated size in August 2026 stood at 327.89 billion RMB, 100 million RMB less than the 327.99 billion RMB in August 2021, representing a year-on-year decline of 18.5% and marking the 9th consecutive month of decline.
2026-08
According to a blogger's statistics, China's auto sales in August 2026 were about 100 million fewer than in the same period of 2021, wiping out all the gains of the five years, and have now declined for the 9th consecutive month. Auto consumption is collapsing at an accelerating pace, reflecting weak domestic demand.
2026-08
Against the backdrop of slowing economic growth, uncertain employment prospects, and involution in the workplace, China's urban youth unemployment rate rose to 19% in August 2026.
2026-08
A 57-year-old pig farmer in Hebei said in an August interview that her breeding scale had shrunk from a peak of more than 500 head to 10, that she was carrying about $75,000 in debt, and that she planned to get rid of her last pigs in the fall, saying that in more than 20 years of raising pigs it had never been this difficult.
2026-08
The doorstep collection video it released in August drew accusations of lowballing because it quoted 13500 yuan for an RTX5090 and 6000 yuan for an RTX5080. She explained that the video was filmed in July and published in August, and that graphics card prices rose during that period, causing a gap between her quotes and market prices; after that, pornographic comics and other cyberbullying content began appearing in the comments section from August 18.
2026-07-31
China's manufacturing PMI for July was 49.2, down 1 percentage point from June; PMI for large, medium, and small enterprises were all below the expansion-contraction threshold.
2026-07-30
Data from the National Institution for Finance and Development show that the household sector's leverage ratio stood at 59.0% at the end of Q1 2026 and dropped to 57.7% in Q2, while household mortgage debt has recorded negative growth for 13 consecutive quarters since Q2 2023.
2026-07-29
As of the first half of 2026, 140 rural small and medium-sized banks in China have been dissolved; previously, 83 and 226 banks were dissolved in 2024 and 2025 respectively.
2026-07-27
The National Bureau of Statistics (NBS) of the Chinese Communist Party (CCP) released good news claiming that profits of industrial enterprises above designated size increased by 18.7% year-on-year in the first half of the year, but actual performance showed severe industrial divergence, with the majority of profits swallowed by a few upstream industries.
2026-07-27
Netizens filmed a 75-year-old man in Anhui hauling cement to make a living; he can only earn 112 yuan after unloading all 280 bags in one load.
2026-07-23
The court has officially ruled to accept the reorganization application of Guohou Asset, and the company has entered formal bankruptcy reorganization proceedings.
2026-07-22
On July 22, 2026, the Ministry of Finance announced that income from the transfer of state-owned land use rights in the first half of the year was 977.8 billion yuan, down 31.5% year-on-year, the largest decline for the same period in the first half of the year in nearly a decade.
2026-07-22
On July 22, 2026, Bloomberg reported that the Chinese government's fiscal spending in June fell sharply by 11.9% year-on-year, while local land transfer revenue in the first half of the year plunged by more than 30%, reflecting local fiscal difficulties and the government's strict control over spending.
2026-07-22
In the first quarter, 28 provincial-level administrative regions in China had a general public budget self-sufficiency rate of less than 100%, meaning local budget revenue was insufficient to cover expenditures.
2026-07-22
The video cited data showing that China's land transfer revenue in the first half of 2026 was about 970 billion yuan, down 31.5% year-on-year.
2026-07-22
On July 22, 2026, the CCP Changchun Municipal Committee held an expanded standing committee meeting to conduct an in-depth analysis of the economic situation in the first half of the year, and the official announcement rarely admitted that the city's economic development is facing unprecedented difficulties and severe challenges.
2026-07-16
On July 16, 2026, a medical master's graduate from a 211 university in Xinjiang posted a video lamenting repeated failures in job hunting, ultimately surviving by collecting scrap in Urumqi, sparking netizen debate over university program setups and the youth employment crisis.
2026-07-15
Statistical data shows that China's total retail sales of consumer goods grew by 1% year-on-year in June, turning from a 0.6% year-on-year decrease in May to positive growth.
2026-07-15
China's real estate investment fell sharply by 18% year-on-year in the first half of this year, and the real estate market continues to decline.
2026-07-15
In the first half of the year, China's fixed asset investment fell 5.7%, and total retail sales of consumer goods barely grew, almost stagnating.
2026-07-15
Official data released by the Chinese Communist Party (CCP) show that China's gross domestic product grew 4.7% year on year in the first half of 2026, after growing 5.0% in the first quarter.
2026-07-15
On July 15, 2026, China's National Bureau of Statistics released data showing that national GDP grew 4.7% year-on-year in the first half of 2026, while growth in the second quarter slowed to 4.3%, falling short of the full-year target, with real estate investment down 18% year-on-year.
2026-07-15
In the first half of the year, national real estate development investment fell 18% year-on-year, further widening from the previous -15.2%; new residential construction starts fell 23.4%, sales fell 13.6%, and funds received by real estate developers fell 10.2%.
2026-07-15
China announced that GDP grew 4.3% in the second quarter. Nominal growth exceeded real growth for the first time in 13 quarters, mainly driven by price increases upstream.
2026-07-15
In the first half of 2026, China's GDP grew by 4.7%, and total retail sales of consumer goods increased by 1.3% year-on-year.
2026-07-15
In the first half of 2026, household loans in China decreased by 366.8 billion yuan, with short-term loans accounting for a decrease of 588.1 billion yuan.
2026-07-15
In the first half of the year, China's aggregate financing to the real economy increased by 20.84 trillion yuan, 2.02 trillion yuan less than the same period last year; new RMB loans in June alone were 1.61 trillion yuan, more than 600 billion yuan less than the same period last year.
2026-07-10
On July 10, 2026, media reported that Meituan has been laying off staff in multiple departments, including in-store group buying and instant delivery, since May, with some teams seeing cuts of up to 20%. Meituan responded that fewer than 2,000 people had actually left over the two months, describing it as normal staff turnover.
2026-07-10
On July 10, 2026, media reported that Xiaomi has been laying off staff in batches since March in divisions such as smartphones and automobiles, with the initial ratio reportedly reaching 30%. Xiaomi responded that there is no large-scale layoff and that it is merely a normal business adjustment.
2026-07-09
The National Bureau of Statistics of China released June price data, showing CPI rose 1% year-on-year and PPI fell 4.1% year-on-year, expanding the scissors gap to 3.1 percentage points.
2026-07-08
A China economic briefing released by the World Bank on July 8 pointed out that China's domestic demand will continue to shrink and housing prices will fall, with the root cause being that the government of the Chinese Communist Party (CCP) uses 43% of its budget for investment while underfunding people's livelihood.
2026-07-06
The People's Bank of China announced and carried out one trillion yuan of outright reverse repo operations, with terms of three months and 91 days, which was described as a financial stability-maintenance measure in response to the wave of takeovers of small and medium-sized banks.
2026-07-03
On July 3, 2026, the Heilongjiang regulatory bureau approved the bankruptcy of Zhongrong Trust. The trust giant, which defaulted in 2023 and managed over 700 billion yuan, has been confirmed insolvent, with over 200 billion yuan in assets on its books and over 400 billion yuan in liabilities.
2026-07-03
On July 3, 2026, Zhongbang Bank, a private internet bank in Wuhan, was jointly taken over by the National Financial Regulatory Administration and the Hubei Provincial Government. The bank was established in 2017, with Wuhan Zhuor Holdings as its largest shareholder, and mainly engages in supply chain finance.
2026-07-03
Wuhan Zhongbang Bank was taken over by regulators in July 2026.
2026-07
China's official data shows Q2 GDP grew 4.3% year-on-year, the slowest pace since the end of 2022.
2026-07
According to relevant data, China's stock of aggregate financing is close to 460 trillion yuan, loans are about 280 trillion yuan, and the macro leverage ratio has risen to 316%.
2026-07
Data from the National Bureau of Statistics show that in July 2026, the urban youth unemployment rate for 16- to 24-year-olds (excluding students) in China rose to 17.9%, the highest since August 2025, up from 14.9% in June.
2026-07
The video claims that in 2026 the central government's annual new debt will reach 16 trillion yuan, higher than the 7.2 trillion yuan in 2021.
2026-07
The market widely expects China's year-on-year GDP growth in the second quarter of 2026 to fall back to 4.2% to 4.5%, while the Bank of China Institute of International Finance has forecast 4.7%.
2026-07
Relevant data show that the profit margin of China's automobile industry has dropped from 7.8% in 2017 to 4.3% in 2024, and is expected to fall to a historic low of 3.4% in 2026.
2026-07
Data show that in the first five months of 2026, household sector loans decreased by a net 631.4 billion yuan, of which short-term loans fell by 694.2 billion yuan; as of May, household loans had seen net repayment for two consecutive months.
2026-07
Data show that medium- and long-term loans to Chinese enterprises have declined for two consecutive months, a situation said to be the first since relevant data became available in 2013.
2026-07
Relevant data show that the net interest margin of China's banking sector has dropped to 1.2%, squeezing the profit margins of commercial banks.
2026-07
Data show that China's banking sector recorded a net profit of 632.3 billion yuan in the first quarter, down 3.7% year-on-year, with growth turning from positive to negative compared with the full year of last year.
2026-07
Data show that the net profits of China's rural commercial banks and city commercial banks fell 30.2% year on year, while the disclosed non-performing loan ratio rose to 2.79%.
2026-07
Data show that in the first 5 months of 2026, the Chinese government's net bond financing reached 5.67 trillion yuan, accounting for 77% of all newly issued bonds.
2026-07
China recently completed a successful recovery of a reusable rocket, sparking public discussion about China's technological breakthroughs and future investment in space programs.
2026-07
Data from Securities Times shows that of about 35,700 existing bank wealth management products in China, around 4,203 saw changes in net asset value within 6 months, of which 579 fell below their issue net asset value.
2026-07
Citing real estate agents, the video says that some homes in Shanghai have been listed for half a year without a single viewing, property transactions are difficult and prices keep being cut, with the market showing prices but no buyers.
2026-07
Li Daokui stated explicitly at a macroeconomic forum that China's broad unemployment rate in 2025 has reached 10.2%, with the long-term frustrated population exceeding 24 million, the vast majority of whom are young people under the age of 24.
2026-07
Data shows that from January to June, China's national fixed asset investment fell 5.7% year-on-year, private investment fell 8.5%, and real estate development investment fell 18%.
2026-07
In July, nationwide new RMB loans turned negative, with a net reduction of 340 billion yuan, reflecting that households and enterprises have stopped borrowing and are accelerating deleveraging.
2026-07
Shenzhen's housing vacancy rate has reached 60%, and many migrant workers live in harsh group rental houses, reflecting the difficulty of survival for the lower class.
2026-07
The video claims that the scale of Chinese residents' deposits has risen to about 160 trillion yuan.
2026-07
The video claims that more than 70% of the debt currently issued by the Chinese Communist Party is bought by banks.
2026-07
Data show that China's bill financing increased by 557 billion yuan in May, 482.4 billion yuan more than the same period last year.
2026-07
After Black Sea shipping routes were disrupted, China turned to South and North America for emergency spot purchases of grain, with international grain traders charging an extra $42.5 per ton.
2026-07
The host noted that many private schools in China had difficulty recruiting students last year, with some even receiving zero applications, leading to the closure of some schools. This reflects the impact of the current economic downturn on the education sector.
2026-07
According to relevant accounts, fresh college graduates have a hard time finding work, and men aged 40 to over 50 face even greater difficulties in employment, leaving them with no choice but to go out and do odd jobs.
2026-07
The ten-year government bond yield has fallen to 1.74%, half the average level of the past twenty years, deepening the income crisis for long-term assets such as pension funds.
2026-07
According to CRIC data, from January to July 2026, the cumulative sales volume of the top 100 real estate enterprises was 1,591.8 billion yuan, a year-on-year decrease of 14.6%.
2026-07
As of the middle of this year, the national industrial capacity utilization rate has dropped to 73%, with a large number of machines sitting idle and industrial operating rates severely insufficient.
2026-07
China's total retail sales of consumer goods rose 0.6% year-on-year in July; retail sales of automobiles fell 13.2% year-on-year from January to July.
2026-07
A Beijing resident said the price of a villa in the Beijing suburbs fell from around 5 or 6 million to under 2 million.
2026-07
A report released by Cushman & Wakefield shows that by the end of 2025, the vacancy rate for Grade A office buildings in Shanghai reached 23%, while Shenzhen's rate at one point exceeded 30%, reflecting a phenomenon of job losses and personnel outflow.
2026-07
Data shows that the ratio of exports to domestic demand in China's new industries reversed within eight months, with export reliance rising significantly and sparking concerns over escalating trade disputes.
2026-07
In July, total social consumption increased by 0.6% year-on-year. Among them, consumption of mall brands fell by 3.4%, while small shop consumption bucked the trend with a 3.1% growth, forming a consumption scissors gap of 6 percentage points.
2026-07
Data shows that July exports grew by 17.8% year-on-year, with the top 15 products contributing 14.9% of the growth, while the remaining 1,195 products contributed only 2.8%, and 492 products saw a decline in exports.
2026-07
Data monitored by the China Passenger Car Association (CPCA) shows that in July, both retail sales and manufacturer wholesale volumes in the national passenger car market plunged 18% year-on-year, while retail sales shrank 28% month-on-month.
2026-06-22
Data released by the Ministry of Finance show that national land transfer revenue in the first 5 months of 2026 was 804.8 billion yuan, a year-on-year decline of 28.7%.
2026-06-22
The day after the Hailun Fire Department issued a notice refuting rumors, roller shutters on local streets remained largely closed, and businesses did not resume operations in response to the notice.
2026-06-17
At the Shenzhen import and export trade fair, due to a scarce turnout of buyers and suspicions of hiring fake foreigners to pad attendance, hundreds of exhibitors staged a collective protest demanding refunds of tens of thousands of yuan in exhibition fees, while a large contingent of SWAT police confronted and suppressed them at the scene.
2026-06-17
On June 17, 2026, Radio Free Asia reported that manufacturing enterprises in Guangdong, Jiangsu, Zhejiang, and other regions are accelerating the introduction of industrial robots to reduce social security and labor costs, changing the employment structure in manufacturing and further exacerbating employment pressure.
2026-06-16
After the National Bureau of Statistics released stable data showing a decline in the urban unemployment rate from January to May, the topic "I really want to know how many unemployed people there are now" surged to fourth place on Weibo's hot search list, triggering a massive wave of netizen commentary venting about employment difficulties.
2026-06-16
In May 2026, China's total retail sales of consumer goods fell 0.6% year-on-year, marking the first monthly decline since December 2022, with sharp drops in sales of automobiles, home appliances, building materials and other categories.
2026-06-16
On June 15, 2026, officially released data showed that China's total retail sales of consumer goods fell 0.6% year on year in May, the first negative year-on-year growth in this consumption indicator since the adjustment of epidemic prevention and control measures ended.
2026-06-16
On June 16, 2026, the National Bureau of Statistics released data on changes in commercial residential property sales prices in 70 large and medium-sized cities. In May, new commercial housing prices fell 0.20% month-on-month, while existing home prices fell 0.26% month-on-month, with the declines widening further.
2026-06-16
On June 16, 2026, Bloomberg reported that China's new home prices fell 0.2% month-on-month in May, while the decline in existing home prices was the largest in three months, showing that pressure from the property market adjustment has yet to ease.
2026-06-12
According to the Chinese Communist Party's March budget execution report, the scale of statutory government bonds has officially surpassed 100 trillion yuan, while hidden debt is estimated at no less than 90 trillion yuan.
2026-06-08
The China Passenger Car Market Information Joint Branch released May market data: national passenger car retail sales totaled 1.51 million units, a sharp year-on-year decline of 22.1%, setting a record of eight consecutive months of year-on-year decline and reflecting the continued weakness of domestic consumer demand.
2026-06-05
Driven by the non-farm payrolls data release and the negative gamma mechanism, the Nasdaq composite plummeted 4.77% in a single day, wiping out about $1 trillion in U.S. stock market capitalization.
2026-06-04
Between June 4 and 5, the crypto market saw single-day liquidations reach $1.73 billion, with 211,000 traders forcibly liquidated.
2026-06-02
As a weather vane for market liquidity, Bitcoin has been falling continuously since June 2, with the crypto market taking the lead in a bull massacre.
2026-06
The program reveals that the total debt of governments at all levels in China and related liabilities have accumulated to 100 trillion RMB, pointing out that these massive debts will ultimately be shifted onto ordinary citizens to pay.
2026-06
As of June 2026, the yield on China's 10-year government bonds fell to about 1.7%, a new low for the year, creating an inversion of about 2.75 percentage points against the roughly 4.5% yield on 10-year U.S. government bonds.
2026-06
In the first half of 2026, China's stock of aggregate financing to the real economy reached 458.81 trillion yuan, up 7.7% year on year, with government bonds growing the fastest.
2026-06
The program pointed out that Chinese youth face severe unemployment issues, and the real estate market continues its sluggish decline, leading to a large number of people facing bankruptcy. Many families resort to robbing Peter to pay Paul to repay mortgages, making life extremely difficult.
2026-06
In the first quarter of 2026, only 3 non-standard default events occurred among local government financing vehicles (LGFVs) nationwide, a significant drop compared to the same period in previous years. Analysis suggests this may be related to local governments defaulting on debts or the central bank increasing monetary financing of fiscal deficits.
2026-06
The video claims that in June 2026 another 4 new energy vehicle companies, including IM Motors, showed a clear decline, and that some IM Motors dealers took payments from customers and then left.
2026-06
China Construction Bank issued non-performing asset-backed securities ABS, packaging 8,000 households' defaulted mortgages for sale; the prospectus states in black and white that the expected recovery rate is only 40.72%.
2026-06
According to statistics from the Magic Mirror Insight monitoring agency, mainstream e-commerce mooncake sales from June to August 2026 totaled 439 million yuan, down 21.6% year-on-year.
2026-06
According to central bank data, at the end of June 2026 the broad money M2 balance stood at 356.71 trillion yuan, up 8% year on year.
2026-05-28
In late May 2026, multiple netizens posted on social platforms claiming that Meituan had launched a new round of layoffs involving multiple technical positions such as product, R&D and testing, with layoff ratios for some positions reportedly reaching 25% to 50%.
2026-05-27
On May 27, 2026, a related interpretation of financial data showed that in Q1 2026, the fiscal self-sufficiency rates of all 28 provincial-level regions nationwide fell below 100%, with no region able to cover its expenditures solely through its own tax revenue and general public budget revenue.
2026-05-19
On June 7, 2026, industry statistics showed that China's outstanding credit card issuance declined from a peak of about 810 million cards in 2022 to about 690 million cards, a cumulative drop of more than 120 million cards over more than three years.
2026-05
Bloomberg reports show May retail sales dropped 0.6% year-on-year, while fixed asset investment shrank 4.1% in the first five months, leaving consumption and investment stagnant.
2026-05
The National Bureau of Statistics of the Chinese Communist Party released data for January to April, showing a year-on-year increase of 18.2% in total profits, but profits in the real estate chain—such as non-metallic minerals and ferrous metal smelting—plunged sharply, showing extreme divergence.
2026-05
Total retail sales of consumer goods in May showed their first negative value since the pandemic, foreign investment, confidence index, and local government finances all hit record lows, while the official unemployment rate slightly dropped to 5.1%.
2026-05
From January to May 2026, China's urban fixed-asset investment fell 4.1% year-on-year, with real estate development investment down 16.2% and manufacturing investment contracting.
2026-05
In May 2026, China's CPI rose 1.2% year-on-year and PPI rose 3.9% year-on-year, indicating rising corporate costs but limited revenue capacity, squeezing profit margins of private enterprises.
2026-05
According to data from the China Index Research Institute, in May 2026 the national average house price fell 3.6% year-on-year and 0.2% month-on-month, indicating the real estate market remains sluggish.
2026-05
An article circulating on Zhihu claims that per capita income in small county towns is around 3,000 yuan or even lower, that wage cuts are spreading, and that some county towns may in the future see a sustained decline in industry, population and capital.
2026-05
In May 2026, the total retail sales of consumer goods in China fell by 0.6% year-on-year.
2026-05
In late May 2026, according to data from Enterprise Early-Warning (Qiye Yujingtong), China's government bond stock stood at approximately 101.15 trillion yuan, exceeding 100 trillion yuan for the first time; the video also claimed that the figure would exceed 200 trillion yuan when hidden debt is included, but no authoritative source was found for this measure.
2026-04-25
On April 25, 2026, the blogger went to the Zhaoxin Hui office building in the core business district of Shenzhen for an on-site visit. The building has a grand exterior with 61 floors, but the blogger found that floors 21 to 60 were almost entirely vacant, and most floors were still in shell condition, with only the ground floor and the 61st floor finished. In the video, the blogger questioned why a skyscraper built with huge investment is largely idle, implying that the developer may have issues with cash flow or project progress.
2026-04-25
According to statistics from the civil society project "Zuotian" (Yesterday), over the 67 days from April 25 to June 30, 2026, merchants in 34 counties (cities, districts) of Heilongjiang successively closed their shops en masse, with the cumulative number of participating merchants too numerous to count, the trigger being merchants' fear of surprise inspections and hefty fines.
2026-04
The video claims that a certain brokerage calculated that Heilongjiang's pension surplus can only support about 1.1 months, ranking last among all provinces, while Guangdong's can last about 53 months; no public report of this calculation can be found, with only old data from around 2015 showing Heilongjiang at about 1 month for comparison.
2026-04
By April 2026, the overnight reverse repo acting as a buffer water tower will have less than 200 million remaining, nearly wiping it out. The Ministry of Finance's withdrawal of funds will directly drain bank reserves.
2026-04
In the first quarter of 2026, China issued more than 6.7 trillion yuan in government bonds, of which local government bonds exceeded 3.1 trillion yuan and treasury bonds exceeded 3.6 trillion yuan.
2026-04
According to Cushman & Wakefield data, in April 2026 the vacancy rate for Grade A offices in Kowloon East rose to 20.7%, the highest in all of Hong Kong. In 2025, Kowloon East rents fell 7.9%, while Hong Kong Island East fell 10.5%.
2026-03
At the Two Sessions, the Chinese Communist Party lowered its GDP growth target from the previously fixed 5% to a range of 4.5% to 5%, and no longer set a specific growth target in the new five-year plan, which is seen as a limited concession to deflationary pressures.
2026-02
S&P’s February 2026 report said that China’s housing supply exceeds demand, and that home prices are expected to fall another 2% to 4% in 2026, with steeper declines in core cities, creating a vicious cycle.
2026-02
In a report in early February 2026, S&P lowered its forecast, projecting that China's property sales would fall 10% to 14% in 2026, compared with a previous forecast in October of a 5% to 8% decline.
2026
According to online claims, based on completed-but-unsold and under-construction potential inventory, China's real estate inventory is about 93 trillion yuan, or roughly 80 million units; no public source can be found for this calculation.
2026
A video claims that the actual transaction prices of second-hand homes in China in 2026 have fallen by about 40% compared with the 2021 peak; the China Index Academy says the average price of second-hand homes in 100 cities fell 7.6% year-on-year in October 2025, and the Mingyuan Real Estate Research Institute estimates that second-hand homes in outer suburbs and similar areas are down 20% to 50% from 2021, while no authoritative source has been found for the 40% figure.
2026
A video estimates that some 60 million to 80 million households in China are slipping down the social ladder due to falling home prices and shrinking net worth; the figure is a video-based estimate with no authoritative source, though reports say falling home prices have drastically shrunk the wealth of middle-class families.
2026
The video cited data claiming that China's property yields are about 2.26%, below the 3.5% benchmark cost of funds, with a net carry of about -1.24%; no public report of this data could be found.
2026
In 2026, the posted one-year lump-sum deposit rate at large state-owned banks was 0.95% and the three-year rate was 1.25%; the video analyzed on this basis that the purchasing power of household savings is being eroded by inflation.
2026
A video estimates China's youth unemployment rate at 22% to 38%; no public source can be found for this range, while a previous public estimate reached as high as 46.5%, calculated in 2023 by Peking University professor Zhang Dandan.
2026
In 21 of the country's 31 provinces, local government financing vehicles (LGFVs) as a whole have fallen into a state where interest expenses exceed main business revenue; some regions have seen LGFV defaults, and some local governments have begun systematically delaying civil servant and teacher salaries.
2026
After peaking at 13.42 million in 2024, the number of Gaokao registrations in China has continued to decline, dropping to 12.9 million in 2026, a decrease of 450,000 from the previous year.
2026
A Yao autonomous county in Guilin planned to invest 1.65 billion yuan in building a Yangshou culture-tourism city. After actually putting in 540 million yuan, the funding chain broke, and most of the 11 buildings in the county seat have stood vacant for a long time.
2026
Leiyang, Hunan once claimed that its industrial park had introduced more than 60 enterprises, but in reality, there were only 5 enterprises with fewer than 100 employees.
2026
A job seeker in Hangzhou found that 21 people were competing for several positions when applying for a kindergarten childcare worker job, including a former colleague from their previous company.
2026
A 38-year-old job seeker says he has been looking for work for more than eight months since losing his job on January 15, but still has not found a suitable position.
2026
A 32-year-old worker says he fell victim to a scam and took on debt while unemployed last year, and was laid off again after finding a new job this year.
2026-01
Ministry of Finance data: From January to May 2026, revenue at the central level of local government fund budgets was 104.76 billion yuan, down 23.2% year-on-year, of which income from the transfer of state-owned land use rights was 80.48 billion yuan, down 28.7% year-on-year.
2026-01
In the first seven months of this year, real estate development investment plummeted 19.2% year-on-year, with newly started floor space, floor space sold, and sales revenue all falling sharply across the board.
2026
According to Caicai magazine, Xiaomi Home has closed more than 2,000 stores within half a year.
2025-12-22
A report by Rhodium Group dated December 22, 2025 estimated that China's real GDP growth in 2025 was between 2.5% and 3%, roughly half the officially announced rate.
2025-12-01
The Wuhu Intermediate Court has accepted the reorganization application of Anhui Guohou Asset Management and appointed a provisional administrator, marking the company's entry into bankruptcy proceedings.
2025-12
Regulatory registry data show that by the end of 2025, only 2,933 rural and small and medium-sized bank legal entities remained in China, a decrease of 670 from a year earlier.
2025-12
According to CBRE data, the vacancy area of Grade A offices territory-wide in Hong Kong reached 15.9 million square feet (about 1.48 million square meters) at the end of 2025, with an overall vacancy rate of 17.3% hitting a record high, before falling back to 16.1% in the second quarter of 2026.
2025-11
A 35-year-old programmer has remained unemployed since being laid off in late November 2025, and says he is limited by his educational background.
2025-06
For the first time ever, the Industrial and Commercial Bank of China has stepped in to acquire a village bank and reorganize it into its own branch, reflecting that the holes at the grassroots level are so numerous that the original takers lack the capacity to absorb them.
2025-04-22
From 2010 to 2024, the permanent resident population of the three northeastern provinces dropped by 14.56 million from a peak of 109 million, including 2.23 million in Liaoning, 4.293 million in Jilin, and 8.043 million in Heilongjiang, bringing the total back to the level of the 1980s.
2025-04
Justin Sun publicly claimed that First Digital, the trustee of the stablecoin TUSD, was insolvent, and the related stablecoin FDUSD at one point fell to $0.87; First Digital subsequently sued Justin Sun for defamation in Hong Kong.
2025-02
In February 2025, data from the State Administration of Foreign Exchange showed that the net inflow of foreign direct investment into China in 2024 was only about $4.5 billion, the lowest since 1991 and just 2% of the 2021 peak of $344.1 billion.
2025
According to forecasts by CCP statistics departments cited in the video, China's working-age population will decrease by 250 million between 2025 and 2050, weakening the demographic foundation for home purchases and credit expansion.
2025
Affected by the downturn in the real estate market, China's land finance revenue dropped to 4.15 trillion yuan, which has been halved compared to the peak in 2021.
2025
Official data shows that in 2025, nearly 160,000 people nationwide were disciplined for issues such as "inaction, arbitrary actions, and fraud," a year-on-year increase of 16%.
2025
Data from the National Bureau of Statistics show that in 2025, nationwide sales of newly built commercial housing totaled 8,393.7 billion yuan, down 12.6% year on year; in 2021, commercial housing sales were 18,193.0 billion yuan.
2025
According to information on the official website of the National Financial Regulatory Administration, as of December 23, 2025, 226 village banks had completed deregistration and withdrawal that year, compared with 83 in 2024.
2025
In the first three quarters of 2025, China's net direct investment was negative.
2025
In 2025, China's use of foreign capital fell 9.5% year-on-year, marking the third consecutive year of decline.
2025
In 2025, China's high-tech industry actually used 241.8 billion yuan in foreign investment, down 15.6% year on year.
2025
According to data calculated by a major influencer on X, China's construction industry workforce dropped from 58.77 million to 51.14 million for the whole year of 2025, a decrease of 7.62 million within one year, with a drop rate of 12.97%.
2025
Data from the Ministry of Education shows that fresh graduates in 2025 will reach 12.22 million, with more than half entering the flexible employment sector.
2025
In 2025, the number of blue-collar workers in China grew to 427 million, while white-collar jobs decreased significantly, indicating a structural downgrade in employment.
2025
In 2025, Guangzhou's land transfer revenue fell 23.6% year on year, while land transfer revenue at the municipal level dropped even more sharply, by 37.2%.
2025
In 2025, China's major electric vehicle companies posted a combined net profit of about 25 billion yuan; given the current scale of investment, it will take long-term operations to recoup the outlay.
2025
According to data cited in the program, color TV sales volume decreased year-on-year in the first 11 months of 2025, and retail sales fell by 2%; the growth part mainly comes from sales amounts after national subsidies.
2025
According to the statistical bulletin released by the Ministry of Human Resources and Social Security of the CCP, the total national employment population decreased by 9.35 million compared to the previous year, a decline of 1.27%, while the number of people receiving unemployment insurance benefits rose significantly.
2025
According to the 2025 China Sports and Fitness Industry Data Report, as of the end of 2025, there were approximately 120,000 registered fitness venues in China, a decrease of more than 23,000 compared to 2024.
2025
According to the 2025 China Sports and Fitness Industry Data Report, the number of fitness studios in China has dropped from 43,232 to 18,646.
2025
According to the 2025 China Sports and Fitness Industry Data Report, the total number of fitness members nationwide in China exceeds 84 million, down 3.44% year on year.
2025
According to conservative estimates by Bloomberg, by the end of 2025, over 100 million of China's 1.1 billion adult population faced overdue debts, accounting for a staggering 10.6%.
2025
In 2025 alone, 394 banking institutions were dissolved, and the number of institutions participating in deposit insurance dropped by 649, leaving just over 3,100; between 2024 and 2025, nearly 550 banks exited, exceeding the total of the previous seven years.
2025
2025年大連金州の聯豊村鎮銀行の破産は、史上2家目となる破産手続を完了した村鎮銀行となった。
2025
After years of hard study, 25-year-old Lu Meng completed her bachelor's degree, but faced setbacks in her job search, earning only 3,000 yuan a month as a telephone customer service representative. In 2025, she re-enrolled in a corporate order class at Shandong Chemical Technician College. According to a previous report by Qilu Evening News, about 60% of the 320 new students in this order class are bachelor's degree holders, and some even hold master's degrees.
2024-12
Gao Shanwen, Chief Economist of SDIC Securities, publicly questioned official data from the Chinese Communist Party (CCP) during an internal investment lecture, estimating that the actual average growth rate over the past two to three years may only be around 2%.
2024-09
Officially released figures show that profits in Beijing's catering industry fell 88.8% year-on-year.
2024-08-05
The market experienced significant volatility, with the VIX fear index surging to 65 pre-market, before falling back below 20 within six trading days.
2024-01-29
On January 29, 2024, Hong Kong High Court Judge Chen Jingfen issued a liquidation order against China Evergrande, which is indebted by more than 2.4 trillion yuan, stating that it failed to present a viable restructuring plan.
2024
In 2024, China's net direct investment was negative 0.8% of gross domestic product.
2024
The report cited data showing that Foshan's economic growth rate in 2024 was 0.2%; the local government plans to transform Foshan into a robotics industry hub.
2024
Hailun's general public budget revenue in 2024 was 6.77 hundred million yuan and expenditure was 72.64 hundred million yuan, with revenue accounting for about 9% of expenditure.
2024
Hailun budgeted 38.3 million yuan in revenue from fines and confiscations at the beginning of the year, but actual revenue at year-end was 59.51 million yuan, a budget completion rate of 155%.
2023-09-27
In 2023, Shengjing Bank sold 176 billion yuan in assets to a local Liaoning asset management company (AMC) at their original book value, in exchange for a special-purpose note with a 15-year term and a coupon rate of 2.25%, with no loss recognized on the books.
2023-03-10
According to tracking by Nansen, hours before the HT flash crash, addresses linked to Justin Sun transferred about $60 million in stablecoins out of Huobi and into the Aave platform.
2023-03
The Huobi HT token suffered a flash crash, with its price falling from $4.8 to $0.31 at one point, a drop of about 93%.
2023-03
According to Lookonchain tracking, a series of discounted arbitrage trades were carried out by wallets linked to Justin Sun during the USDT depeg, netting about $3.3 million.
2023
According to Guizhou's budget report, as of the end of 2023, the Guizhou government's debt balance was 1,512.469 billion yuan, accounting for about 72% of the regional GDP, exceeding the 60% warning line.
2023
In 2023, China's net direct investment widened to negative 1% of gross domestic product.
2023
In its 2023 entrusted management business report, Anhui Guohou AMC stated that the company has no bankruptcy reorganization matters.
2023
Economist Gao Shanwen believes that China's GDP annual growth over the past 3 years was about 2% rather than 5%, with a cumulative overstatement of about 10% over the 3 years.
2022-12-30
Zunyi Road and Bridge, the largest urban investment white glove under the Zunyi government, has extended its 15.6 billion bank loan for 20 years, firing the first shot for urban investment extensions nationwide.
2022-09-28
The Bank of England is conducting targeted purchases of long-term government bonds to provide liquidity to LDI funds and buy time for deleveraging, after which bond prices subsequently converged.
2022-09-23
Rising yields led to margin calls and collateral requirements for pension funds using LDI strategies, forcing funds to sell government bonds for cash, which further pushed up yields.
2022-09
A sudden change in UK fiscal policy expectations caused 30-year government bond yields to rise by 140 basis points within 4 trading days, triggering intense volatility in the bond market.
2022-09
The Bank of England later estimated that during the period of government bond volatility in September 2022, the scale of margin calls related to pension fund LDI strategies exceeded 70 billion GBP.
2022-09
Between September 23 and October 14, LDI funds sold £23 billion in government bonds, while pension schemes sold an additional £14 billion.
2022-04-18
In 2022, several village and town banks in Henan collapsed. The cause was collusion between major shareholders inside and outside the banks and the fabrication of loans, making it a pure fraud case.
2022
In 2022, net direct investment on China's balance of payments turned negative for the first time, at -0.1% of gross domestic product.
2022
Meta repurchased 160 million shares for approximately $28 billion, but the buyback failed to offset the impact of declining cash flow and rising discount rates on intrinsic value.
2022
According to reports, by 2022 Zibo's debt increased to approximately 108 billion RMB, doubling from before Jiang Duntao took office.
2022
In 2022, backed by massive subsidies, China's photovoltaic industry as a whole achieved net profits of over 100 billion yuan, reaching the industry's peak.
2022
Land transfer revenue peaked at 8.7 trillion yuan in 2021, then recorded double-digit declines for four consecutive years starting in 2022, falling to 4.15 trillion yuan in 2025, a drop of about 52.3% from the peak.
2022
The video claims that Rongding Group estimated China's actual GDP for 2022 to 2025 to be about 11% lower than the official figures; the publicly available Rongding report only gives an actual growth rate of 2.5% to 3% for 2025, and no such cumulative estimate can be found.
2021-01-27
On January 27, the number of independent accounts participating in GameStop trading approached 900,000, whereas at the beginning of the month it was less than 10,000.
2021-01-08
GameStop stock price rose from its intraday low on January 8 to its intraday high on January 28, an increase of approximately 2700%, far exceeding the explanatory scope of conventional valuation models.
2021
The value of China's residential housing peaked in 2021, economists say, at roughly six times GDP; estimates cited in the video put it at about 400 trillion to 470 trillion yuan.
2021-01
The SEC report disclosed that the short interest ratio of GameStop's circulating shares once reached 122% in January, caused by the same batch of shares being repeatedly transferred back and forth.
2021
An article in Foreign Affairs estimates that China's share of global GDP has fallen from a peak of 18.5% in 2021 to 16.7% by official estimates, with actual estimates being around 15%.
2021-01
Between January 13 and 29, GameStop averaged approximately 100 million shares traded per day, which is over 1400% higher than the daily average trading volume in 2020.
2021
China introduced policies targeting after-school tutoring and the private education industry; the video claims that education and training institutions such as New Oriental were hit as a result.
2021
In 2021, China's housing prices peaked, and land sale revenue hit a record high of 8.71 trillion yuan, followed by a significant annual decline.
2020-11-23
On November 23, 2020, the China Banking and Insurance Regulatory Commission announced its approval in principle of Baoshang Bank entering bankruptcy proceedings, and the Beijing No. 1 Intermediate People's Court announced a ruling the same day accepting the application for bankruptcy liquidation of Baoshang Bank.
2020-05-28
On May 28, 2020, at the closing press conference of the Two Sessions, Li Keqiang said that China's per capita annual income is 30,000 yuan, but 600 million people earn only 1,000 yuan a month.
2020-03-16
Driven by the market collapse triggered by the epidemic, the VIX hit a record single-day closing high of 82.69, the highest since its inception in 1990.
2020-03
In 2021, Jinzhou Bank underwent restructuring. An asset package with a book value of 150 billion yuan was divested for a total price of 45 billion yuan, with a recovery rate of only about 30%.
2019-12
Shandong's Hengfeng Bank was once plunged into crisis over a case involving its chairman, and was barely saved only after Central Huijin and the Shandong Provincial Government jointly injected 100 billion yuan.
2019-05-24
After being taken over in 2019, Baoshang Bank announced bankruptcy. The top cause of death was that more than 150 billion yuan occupied by Tomorrow Group shareholders was essentially all lost; personal deposits were fully protected, large interbank claims were covered at an average of about 90 percent, and 6.5 billion yuan in Tier 2 capital bonds was written down in full.
2018-06-16
The Shanghai P2P platform Tangxiaoseng absconded, triggering a nationwide wave of bank runs and bankruptcies among online lending platforms, causing millions of investors to lose their funds.
2018
A homebuyer in Zhengzhou reported that the property purchased in 2018 cost over one million yuan in total, including the purchase price, down payment, and interest. Listing prices in the same residential compound have since fallen sharply, leaving the buyer facing massive asset losses.
2018
The video claims that between 2018 and 2022, about 100 million households bought homes at peak prices, accounting for more than 20% of all households nationwide; no public source can be found for this estimate.
2017
In 2017, Huawei carried out a mass purge of employees over the age of 34, an action widely regarded as the origin of today's phrase "the anxiety of programmers over 35."
2016-09
In September 2016, Dushan County in Guizhou broke ground on a nearly 100-meter-tall all-wood Water Company Building despite fiscal revenue of less than 1 billion yuan, taking on nearly 200 million yuan in debt; it later became an unfinished project after the funding chain broke.
2016
In 2016, fixed-asset investment in Liaoning Province plunged 63.5%, and in March of the same year Northeast Special Steel went into substantive default, marking the complete collapse of Northeast China's balance sheet and credit.
2014
Pan Shiyi has stopped acquiring land and begun selling off SOHO assets on a large scale in Shanghai and other locations, cashing out a cumulative total of approximately 30 billion RMB.
2010-05-06
British otaku Sarah triggered a flash crash that wiped out $1 trillion from the US stock market in 36 minutes through a five-year false-order scheme, with his pending orders once accounting for 40% of the total sell orders.
2010
Heilongjiang's resident population fell from a peak of 38.33 million in 2010 to 30.01 million in 2025, a decrease of 8.32 million over 15 years.
2008
Since mid-2006, U.S. home prices have fallen by more than 20% on average; home equity dropped from about $13 trillion in 2006 to about $8.8 trillion in mid-2008, and the video says household net worth evaporated by about $13 trillion.
2008
Citing data, the program claimed that China's cumulative infrastructure investment from 2008 to 2024 was about 120 trillion yuan, averaging roughly 9.7% of GDP per year; no public source could be found for this figure.
2007-03
The then-Secretary of the Liaoning Provincial Party Committee, Li Keqiang, told the US Ambassador that Liaoning's GDP figures were man-made and for reference only, and that he only looked at electricity consumption, railway cargo volume, and bank loans.
2000
At the fifth national census in 2000, the total fertility rates of Liaoning, Jilin, and Heilongjiang had all fallen below 1.0, 23 to 25 years ahead of the national average.
2000
After the dot-com bubble burst, Cisco's stock price fell from $79 to $9.5 within two years, a cumulative decline of about 88%.
1998-05-13
By the end of 1997, a total of 12.74 million workers had been laid off or reassigned by state-owned enterprises nationwide, of whom 6.34 million had still not been re-employed; some enterprises were unable to guarantee basic living allowances and social insurance.
1998-03
After taking office as Premier of the State Council, Zhu Rongji initiated the three-year relief program for state-owned enterprises. Through the policy of 'seizing the large and releasing the small' and downsizing for efficiency, he triggered a massive wave of layoffs among SOE workers.
1998
Between 1998 and 2003, the total number of laid-off workers nationwide reached 28.18 million, among which the three northeastern provinces accounted for a huge share, with workers in Liaoning, Heilongjiang and other places subjected to the buyout of their years of service.
1997
The state-owned sector's push for "grasping the large and letting go of the small" and the buyout of employees' seniority led to about 40 million workers in state-owned and collective enterprises losing their jobs; the breakdown of the social contract triggered serious social and economic problems.
1995-02-23
Illegal short selling and a bull-bear battle broke out in the treasury bond futures market; Wanguo Securities was hit and forced into liquidation; the exchange subsequently declared the last eight minutes of trading void, and treasury bond futures were shut down that May.
1992
The video claims that after Japan's bubble burst, in 1992 Tokyo residential land prices fell 19% and commercial land prices fell 13%; no public reports could be found for these specific figures.
1990
In 1990, China's GDP growth fell further to 3.8%, and the economic situation was severe.
1990
The restructuring of state-owned enterprises led by Zhu Rongji officially recorded 28 million workers laid off in just six years; in total, about 60 million jobs disappeared from the state sector, including public sector positions. The northeast region was hit hardest, with its share of GDP falling from about 10% to 4.6%.
1990
In the 1990s, Japan's real estate and stock market bubble burst. According to Nomura Research Institute estimates, roughly $9.3 trillion in national wealth evaporated between 1990 and 2002, and the unemployment rate rose gradually after 1992.
1990
According to the video, after receiving a capital injection, Three Gorges Bank was allegedly used for stock trading, which later resulted in losses; some of the people involved fled overseas and others were arrested.
1989
In 1989, China's GDP growth was only 4.1%, and economic growth faced severe challenges, partly related to a loss of control over the economy and prices.
1988
In 1988, the national overall retail price index rose by about 18.5%, the first inflation peak since the reform and opening-up, and a wave of panic buying occurred that year.
1980
During the 1980s Latin American debt crisis, the region's real GDP growth rate was only 2.3%, per-capita GDP saw negative growth of nearly 9%, and inflation eroded the purchasing power of the middle class.
1976
In October 1976, the ten-year-long Cultural Revolution ended with the "downfall of the Gang of Four"; the prolonged political campaigns had a severe impact on China's economy.
1929-10-24
After a rally in the summer of 1929, the US stock market crashed in late October.
1929-03
On March 25, 1929, after the Federal Reserve warned of excessive speculation, the stock market suffered a small crash, with call loan rates rising as high as 20%; the next day, after the National City Bank announced an injection of funds to support the market, they fell back.