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Private Economy · Full chronicle and history

2026
The host believes Russia is on the verge of defeat in the Russia-Ukraine war, and Putin is seeking a way to step down with dignity, minimizing losses and ensuring his personal safety.
Location: Russia · Importance IV · Verification: Reported · View causal chain →
2026
The host predicts that by the second half of 2026, the remaining socialist forces in China, Russia, North Korea, and other countries will come to an end.
Location: Global · Importance IV · Verification: Reported · View causal chain →
2026-09-20
Data from the General Administration of Customs of China shows that China's exports of rare earth magnets to the U.S. in August fell 21% from July to 512 tons. Ahead of a meeting between Trump and Xi, outside analysts suggest the Chinese side may use the expansion of rare earth exports as a negotiating chip. In addition, U.S. Treasury Secretary Bessent and Chinese Vice Premier He Lifeng held a meeting on trade and artificial intelligence issues, and both sides agreed to further consultations.
Location: China · Importance IV · Verification: Reported · View causal chain →
2026-09-18
In a conversation, Morgan Stanley's Chief Economist for China, Xing Ziqiang, pointed out that China's social security expenditure accounts for only about 8% of GDP, far below the OECD average of 25% and the levels of developing countries with similar per capita GDP, and also mentioned group disparities in the enjoyment of public services.
Location: China · Importance II · Verification: Reported · View causal chain →
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.
Location: China · Importance IV · Verification: Reported · View causal chain →
2026-09-21
According to Bloomberg, China is planning to invest approximately $295 billion over the next five years to build a national data center network. Xi Jinping emphasized that the focus should be on "hard power" and "new quality productive forces" rather than just GDP growth. Despite warnings from multiple economists that AI is unlikely to boost employment and could weaken consumption, officials continue to push forward with the investment plan, sparking public concern over an "AI Great Leap Forward".
Location: China · Importance III · Verification: Reported · View causal chain →
2026-09-19
On September 19, Huang Yiping, a member of the Monetary Policy Committee of the People's Bank of China, stated at the Beijing Economic Forum that artificial intelligence may exacerbate the contradiction between China's overcapacity and insufficient household purchasing power. He pointed out that distribution leaning toward capital leads to weak demand, and suggested increasing the proportion of household income through market-oriented reforms, while the central government borrows to repair the balance sheets of local governments and enterprises.
Location: Beijing · Importance III · Verification: Reported · View causal chain →
2026-09-15
On September 15, German Chancellor Merz criticized China at the Berlin Entrepreneurs' Conference, stating that through state intervention, overcapacity, and export subsidies, China has driven the EU's trade deficit with China to over 300 billion euros. EU leaders plan to discuss in October whether to deploy trade defense instruments.
Location: Berlin · Importance IV · Verification: Reported · View causal chain →
2026-03
Hu Hongling, a lawyer at Anhui Qingheqing Law Firm, sparked heated online discussion after sharing a PPT on layoff optimization paths inspired by the "Xingyu Incident".
Location: Anhui · Importance II · Verification: Reported · View causal chain →
2026-09
Multiple employees of Chongqing Dalongwang Technology Group gathered in protest in front of the company, shouting slogans demanding the return of their money to protect their rights, due to long-term unpaid wages.
Location: Chongqing · Importance II · Verification: Reported · View causal chain →
2026-09-08
Dozens of sanitation workers in Lushan County, Pingdingshan City, Henan Province, gathered in front of the county government to demand their long-overdue wages.
Location: Lushan County · Importance III · Verification: Reported · View causal chain →
2026-09
Workers at the CCCC Tianjin Dredging Co., Ltd. Green Building Materials EPC Base in Jianshi County, Enshi, Hubei, slept on the ground in front of the company gate to collectively demand unpaid wages after experiencing long-term wage arrears and multiple broken promises by the employer.
Location: 湖北省恩施土家族苗族自治州建始县 · Importance III · Verification: Reported · View causal chain →
2026-08
The General Administration of Customs of the People's Republic of China released August foreign trade data, showing that dollar-denominated exports rose 25% year-on-year, and the cumulative increase from January to August reached 19.3%.
Location: China · Importance III · Verification: Official claim · View causal chain →
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.
Location: China · Importance III · Verification: Reported · View causal chain →
2026-07-07
Renowned macroeconomist Gao Shanwen has passed away due to illness at the age of 55. He previously worked at institutions such as Peking University and Guotai Junan Securities, and was well-known for his profound insights and warnings regarding the Chinese economy.
Location: China · Importance IV · Verification: Verified · View causal chain →
2026-07-03
The host recounts the incident where a light single-engine two-seater aircraft hit the China Zun in Beijing, analyzing the possible causes and impacts of the event.
Location: China · Importance V · Verification: Reported · View causal chain →
2026-07-03
China sent He Wei, Chairman of the Chinese Peasants' and Workers' Democratic Party, to mourn Iranian Supreme Leader Khamenei rather than a high-level delegation, reflecting Beijing's strategic adjustment in international relations.
Location: Iran · Importance IV · Verification: Reported · View causal chain →
2026-07-03
Host Zhai Shanying mentioned the case of Guo Wengui being sentenced to thirty years in prison during the live broadcast.
Location: China · Importance III · Verification: Reported · View causal chain →
2026-07-01
New regulations from the State Bureau for Letters and Calls on standardizing the registration of public visits have begun to be strictly enforced.
Location: China · Importance IV · Verification: Reported · View causal chain →
2026-07-01
The CCP's "Law on Promoting National Unity" officially came into effect on July 1, sparking mockery from overseas and Taiwanese netizens regarding long-arm jurisdiction.
Location: China · Importance III · Verification: Verified · View causal chain →
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.
Location: China · Importance III · Verification: Reported · View causal chain →
2026-07
In July, the net fiscal contribution of China's new industries turned negative, dropping to negative 10.3 billion yuan, a significant decrease from the positive growth in the same period last year, reflecting exacerbated fiscal pressure driven by collapsing domestic demand and export tax rebates.
Location: China · Importance III · Verification: Reported · View causal chain →
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.
Location: China · Importance III · Verification: Reported · View causal chain →
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.
Location: China · Importance III · Verification: Reported · View causal chain →
2026-06-29
Xi Jinping received Belarusian President Alexander Lukashenko at the Diaoyutai State Guesthouse in Beijing. Related photos circulated online, triggering discussions among netizens regarding his appearance and abdominal changes.
Location: Beijing · Importance III · Verification: Reported · View causal chain →
2026-06-28
The Fars News Agency, subordinate to the Iranian Revolutionary Guard, published an editorial explicitly stating that Iran must have nuclear weapons to ensure national security.
Location: Iran · Importance IV · Verification: Reported · View causal chain →
2026-06-26
A single-engine, two-seat light sport aircraft collided with a high-rise building near the East Third Ring Road in Chaoyang District, Beijing, killing the pilot and injuring 13 people on site, sparking widespread attention and speculation about air defense safety.
Location: Chaoyang, Beijing · Importance V · Verification: Verified · View causal chain →
2026-06-25
The National Petition Bureau has introduced new regulations, requiring the public to cross their own level or the next higher level of agencies to petition in Beijing; they must have written or electronic documents from a provincial-level agency, otherwise registration will not be accepted.
Location: China · Importance IV · Verification: Reported · View causal chain →
2026-06-19
Xinhua News Agency published an article titled "The Three Great Transformations: An Unprecedented and Profound Social Revolution," stripping away the lessons of history to whitewash the history of joint state-private ownership, releasing a strong political signal regarding the direction of private economic policy.
Location: Beijing · Importance IV · Verification: Verified · View causal chain →
2026-06-17
At the Lujiazui Forum, Pan Gongsheng, governor of the central bank of the Chinese Communist Party, rolled out six new tools in one go, including narrowing the interest rate corridor, non-bank liquidity support, and overseas central bank repo facilities.
Location: Shanghai · Importance III · Verification: Reported · View causal chain →
2026-06
The Cyberspace Administration of China issued new regulations prohibiting the dissemination and discussion of topics related to U.S. stocks and other overseas investments, targeting internet platforms and domestic self-media for rectification.
Location: China · Importance IV · Verification: Verified · View causal chain →
2026-06
The State Council announced the issuance of 300 billion yuan in special treasury bonds to replenish the capital of the six major commercial banks, exposing the fact that bank capital has been severely depleted.
Location: China · Importance IV · Verification: Reported · View causal chain →
2026-06
In June, the IMF officially adjusted the international extreme poverty line to $3 per day, the extreme poverty line for middle‑income countries to $4.2 per day, and the poverty line for high‑income countries to $8.3 per day.
Location: China · Importance III · Verification: Reported · View causal chain →
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.
Location: China · Importance III · Verification: Verified · View causal chain →
2026-04-29
The Ministry of Civil Affairs and eleven other departments jointly issued opinions on promoting the development of mutual aid elderly care services, proposing to achieve a coverage rate of no less than 70% for urban and rural community elderly care service systems by 2030.
Location: China · Importance IV · Verification: Verified · View causal chain →
2026-03-30
The global commercial organization World Data Organization (WDO) held its inaugural conference in Beijing, drawing high-profile state media promotion, though it has been pointed out as essentially a shady shell company lacking international legal basis.
Location: Beijing · Importance II · Verification: Reported · View causal chain →
2026
According to Bloomberg and cross-border wealth flow white paper data, approximately 15,200 individuals with assets exceeding 100 million yuan completed emigration in 2025, triggering about 1.17 trillion yuan in capital flows. Net outflow of high-net-worth individuals has ranked first globally for consecutive years.
Location: China · Importance III · Verification: Reported · View causal chain →
2025-04-30
China passed and implemented the Private Economy Promotion Law on May 20, the first foundational law in New China specifically regulating the private economy.
Location: Beijing · Importance IV · Verification: Verified · View causal chain →
2025-02-17
Xi Jinping convened another symposium on private enterprises, inviting several well-known private entrepreneurs to attend, and emphasized the consistency and unchangeability of policies regarding the private economy.
Location: Beijing · Importance III · Verification: Official claim · View causal chain →
2025-02
2025年2月,国家外汇管理局数据显示,2024年外商对华直接投资净流入仅约45亿美元,为1991年以来最低,不到2021年峰值3441亿美元的2%。
Location: China · Importance III · Verification: Verified · View causal chain →
2025
The Chinese Communist Party has launched the "Qinglang" campaign to crack down on self-media, stipulating that individuals without qualifications in the financial, medical, and legal fields are barred from speaking out.
Location: China · Importance III · Verification: Verified · View causal chain →
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%.
Location: China · Importance III · Verification: Reported · View causal chain →
2025
China-Brazil bilateral trade volume reached $188 billion in 2025, ranking first in Latin America, yet Brazil's GDP growth rate over the past 15 years ranks second to last among major Latin American countries.
Location: 巴西 · Importance III · Verification: Verified · View causal chain →
2025
Despite the Chinese ban, Japan's total seafood exports recovered in 2025 and hit a record high of 423.1 billion yen, a year-on-year increase of 17.2 percent.
Location: Japan · Importance II · Verification: Verified · View causal chain →
2025
As a diplomatic ally of Taiwan and without diplomatic relations with China, Paraguay's export volume to China in 2025 was only 50 million USD, yet its average GDP growth rate over the past fifteen years ranks fifth in Latin America.
Location: 巴拉圭 · Importance II · Verification: Verified · View causal chain →
2024-01-29
2024年1月29日,香港高等法院法官陈静芬对负债逾2.4万亿元人民币的中国恒大颁发清盘令,称其未能提出可行的重组方案。
Location: Hong Kong · Importance IV · Verification: Verified · View causal chain →
2024
In a speech at the end of 2024, Gao Shanwen expressed sensitive views on the cyclical bubbles, consumption structure, actual growth rate, and future low growth of the Chinese economy. The speech was subsequently banned, marking his final public address.
Location: China · Importance IV · Verification: Verified · View causal chain →
2023-08-15
2023年8月15日,国家统计局发言人付凌晖宣布暂停发布分年龄段城镇调查失业率,此前6月16至24岁青年失业率已达创纪录的21.3%,2024年1月改用新口径恢复发布。
Location: Beijing · Importance IV · Verification: Verified · View causal chain →
2023-08
Since August 2023, China has completely banned imports of Japanese seafood due to the nuclear wastewater dispute, causing Japanese seafood exports to China to drop to zero in the following years, while most of the share was taken up by markets such as the United States, Vietnam, and Hong Kong.
Location: Japan · Importance III · Verification: Verified · View causal chain →
2023
The host mentioned that when Guo Wengui had his first incident in 2023, he specifically did a live broadcast to talk about his affairs.
Location: China · Importance II · Verification: Reported · View causal chain →
2021-07-24
2021年7月24日,中共中央办公厅、国务院办公厅印发“双减”意见,禁止学科类校外培训机构上市融资和营利,教培行业大批企业倒闭,从业者大规模失业。
Location: Beijing · Importance IV · Verification: Verified · View causal chain →
2021-07
The General Office of the CCP Central Committee and the General Office of the State Council issued the Opinions on Further Easing the Burden of Homework and Off-Campus Tutoring on Students in Compulsory Education, delivering a devastating blow to the tutoring industry.
Location: Beijing, China · Importance IV · Verification: Verified · View causal chain →
2021
Since the second half of 2021, China's real estate market has entered a three-year period of sharp decline, which is considered one of the main reasons for the current economic difficulties and may signal the bursting of the real estate bubble.
Location: China · Importance IV · Verification: Verified · View causal chain →
2020-11-03
On November 3, 2020, following Jack Ma's Bund speech criticizing financial regulation, the Shanghai Stock Exchange announced the suspension of Ant Group's A-share listing just two days before it was scheduled to go public. The Hong Kong Stock Exchange followed suit immediately, halting the world's largest IPO.
Location: Shanghai · Importance IV · Verification: Verified · View causal chain →
2018-11-01
At a symposium on private enterprises, Xi Jinping specifically refuted circulating societal narratives such as the "theory of the exit of the private economy" and the "new joint state-private ownership theory," emphasizing that the fundamental principles and policies of the Party and the state regarding the development of the private economy remain unchanged.
Location: Beijing · Importance IV · Verification: Official claim · View causal chain →
2013-01
While delivering a speech at a seminar for newly promoted members of the CCP Central Committee, Xi Jinping stated that the historical period after reform and opening-up cannot be used to negate the historical period before it, and vice versa.
Location: Beijing, China · Importance IV · Verification: Verified · View causal chain →
2004-03
Article 13 of the Constitution was amended to state that citizens' lawful private property is inviolable, establishing a framework where lawful property is protected rather than recognized as a conventional absolute right.
Location: Beijing, China · Importance III · Verification: Verified · View causal chain →
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.
Location: Beijing, China · Importance V · Verification: Verified · View causal chain →
1992
Deng Xiaoping delivered his southern tour speeches, emphasizing that development is of overriding importance, while reiterating the need to consistently uphold the Four Cardinal Principles and oppose bourgeois liberalization.
Location: Shenzhen · Importance V · Verification: Verified · View causal chain →
1989-02
When meeting with U.S. President George H.W. Bush in Beijing, Deng Xiaoping stated that the overriding issue for China's problems is the need for stability; without a stable environment, nothing can be accomplished.
Location: Beijing, China · Importance IV · Verification: Verified · View causal chain →
1987-01
Following the ongoing spread of the 1986 student protests, Deng Xiaoping criticized the central leadership for being weak on the ideological and theoretical front, and Hu Yaobang subsequently resigned from his position as General Secretary of the CCP Central Committee.
Location: Beijing, China · Importance IV · Verification: Verified · View causal chain →
1979-03
In March 1979, Deng Xiaoping proposed the Four Cardinal Principles, explicitly rejecting the direction of political democratization reform.
Location: China · Importance IV · Verification: Verified · View causal chain →
1966-09
In September 1966, with the outbreak of the Cultural Revolution, the state completely stopped issuing fixed dividends to former private industrialists and businessmen, prematurely terminating the buyout period and completely zeroing out the status and assets of former capitalists.
Location: China · Importance IV · Verification: Verified · View causal chain →
1956-01
In January 1956, Beijing and large and medium-sized cities across the country rapidly completed the state-private joint ownership of entire industries. Through a fixed-interest system, the state peacefully bought out private industry and commerce, marking the basic completion of the socialist transformation of the ownership of the means of production.
Location: China · Importance IV · Verification: Verified · View causal chain →
1928-10-23
Zhu Rongji was born in Hunan. His family background was prominent, being a descendant of Emperor Zhu Yuanzhang of the Ming Dynasty. His great-grandfather, Zhu Changlin, was a wealthy local merchant who invested in modern industry.
Location: Hunan · Importance II · Verification: Verified · View causal chain →