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.
2026-11-10
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.
2026-11-09
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.
2026-11-04
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.
2026-11-03
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.
2026-10-31
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.
2026-10-30
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%.
2026-10-28
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.
2026-10-22
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.
2026-10-16
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.
2026-10-12
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.
2026-10-11
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.
2026-10-05
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.
2026-01
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.
2026-09-26
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.
2026-09-21
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.
2026-09-17
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.
2026-09-10
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.
2026-09-02
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
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
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
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 ·
View causal chain →
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
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
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
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.
2026-08-30
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.
2026-08-21
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.
2026-08-13
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
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%.
2026-07-30
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.
2026-07-23
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
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.
2026-07-06
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
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
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
The video claims that more than 70% of the debt currently issued by the Chinese Communist Party is bought by banks.
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
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.
2026-06-17
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.
2026-06-12
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.
2026-06-05
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
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
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.
2026-05
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%.
2026-04
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
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
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
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
According to Caicai magazine, Xiaomi Home has closed more than 2,000 stores within half a year.
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.
2025-06
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
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
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
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
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。
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
In 2024, China's net direct investment was negative 0.8% of gross domestic product.
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
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.
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.
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.
2021-01
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.
2021-01
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.
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.
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.
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.
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%.
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.
1990
In 1990, China's GDP growth fell further to 3.8%, and the economic situation was severe.
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.
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.
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.