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Yao Yang Says Around 100 Million People in China Actually Pay Income Tax; Annual Income of 100,000 Yuan Places One in the Top 10% of Taxpayers

10.23 ·Reported ·Importance II ·Sources 1 ·China

Economist Yao Yang, Dean of the Dishui Lake Advanced School of Finance at Shanghai University of Finance and Economics, said in a video posted on "Yao Yang Shuo" that about 100 million people in China actually pay individual income tax, that an annual income of 100,000 to 120,000 yuan puts one in the top 10% by income, and that an annual income of about 300,000 yuan puts one in the top 1%. The bottom 10% of earners account for only 0.4% of all income and have negative net wealth, and around 600 million people nationwide still earn less than 1,000 yuan per month.

Douyin Blogger Pushes Back on “Student Mindset” Label, Resonating with Netizens

10.17 ·Reported ·Importance I ·Sources 1 ·China

On October 17, a Douyin blogger complained that young people are told to abandon the “student mindset” as soon as they enter society, asking why honest people should reflect on themselves after being taken advantage of, and saying that those who cheat and deceive are the ones who should truly reflect. The post struck a chord with netizens, who left comments in共鸣.

Netizen Complains That CCB Card Was Blocked Within a Minute of Receiving a Family Transfer During the National Day Holiday

10.03 ·Reported ·Importance II ·Sources 1 ·China

On October 3, a netizen posted that after receiving a transfer from family during the National Day holiday, their China Construction Bank card was blocked less than one minute after the money was credited. Calling customer service and the anti-fraud center did not resolve the issue; customer service only said they would have to wait 3 working days. Many people in the comments shared similar experiences of having their accounts flagged by risk controls.

Suspected Bank Employee Reveals Internal Script Banning Words Related to Gambling and Fraud

10.03 ·Reported ·Importance II ·Sources 1 ·China

In the comments section of a netizen's post complaining about their bank card being flagged for risk control, someone suspected to be a bank employee revealed that internal scripts require that words such as gambling and fraud, anti-fraud center, bank-police coordination, and reporting to the police must not be used when communicating with customers.

Major Incident at a Zhejiang KTV Triggers Nationwide Crackdown on Nightlife Venues

2026.10 ·Reported ·Importance III ·Sources 1 ·Zhejiang

A major incident recently occurred at a KTV in Zhejiang, prompting the Chinese Communist Party to conduct strict inspections of KTVs and other nightlife venues nationwide. Luxury KTVs in many places have shut down, and city governments have adopted one-size-fits-all policies in response.

China May Retail Sales Data Turn Negative Year-on-Year

06.16 ·Verified ·Importance IV ·Sources 2 ·China

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.

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