2026-11-11
Recently, a professor at a Grade-A hospital in Shanghai posted a video titled "My Graduate Student Has Become a Veterinarian," stating that his star pupil had become completely disillusioned with the medical profession and had instead obtained a veterinary license.
2026-11-11
Recently, a store at Shenzhen MixC issued a notice stating that, in order to cooperate with the APEC 'Green Travel, Smooth Traffic' campaign, parking of e-bikes and bicycles will be strictly prohibited on surrounding roads. All employees are required to commute by subway or bus from November 11 to 21 to avoid having their vehicles seized.
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.
2026-11-06
On November 6, the three major A-share indices closed lower collectively, with the Shanghai Composite Index falling 1.1%, and over 4,700 stocks across both markets declining.
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
Daxiang News released a video claiming that Chinese tourists' enthusiasm for visiting Japan has hit a freezing point, citing data that 1,016 flights from the mainland to Japan were cancelled in October, a cancellation rate of 27.9%. Netizens in the comments section questioned whether this was caused by reduced routes, rising ticket prices, and tightened visa policies.
2026-11-06
At the Bu Ming Bai Festival held in Tokyo, the Bu Ming Bai Podcast invited Professor Xu Chenggang to discuss the institutional logic behind China's economic growth and recession, as well as how ordinary people can cope, using his book 'The Institutional Genes' as a starting point.
2026-11-06
On November 6, netizens filmed sanitation workers in Shenzhen, who were participating in city appearance maintenance for the APEC meeting, lacking proper rest and dining facilities. They were seen squatting on the roadside at noon eating cold meals and pickles they brought themselves, and sleeping in green belts at night. Netizens are calling for the improvement of rest stations and hot meal support.
2026-11-05
Brent crude oil prices fall to $102 per barrel.
2026-11-05
On November 5, Ding Xuexiang, member of the Standing Committee of the Political Bureau of the CCP Central Committee and Vice Premier of the State Council, stated at the opening ceremony of the 9th China International Import Expo (CIIE) in Shanghai that the reason for the huge trade surplus is that China wants to import many products but cannot buy them, or is not allowed to buy them, and that normal trade in high-tech products is being interfered with. He also refuted claims that China is squeezing the economies of other countries.
2026-11-05
On November 5, Pan Gongsheng, Governor of the People's Bank of China, reported on financial work to the Standing Committee of the National People's Congress: As of the end of September this year, the number of remaining local government financing vehicles nationwide has decreased by 92% compared to the end of March 2023; as of the end of June, the stock of operational financial debt has decreased by 79%. The report also disclosed that the cumulative approval for real estate 'white list' loans has exceeded 8.4 trillion yuan, and that officials have established a liquidity support tool for clearing arrears and held talks with leading enterprises that have defaulted on payments.
2026-11-05
On November 5, large-scale business closures occurred in building materials, hardware, and electromechanical markets in Chengdu, Nanchong, Panzhihua, Mianyang, and other places. Merchants stated it was to avoid recent 3C certification special spot checks and quality supervision inspections.
[Follow-up · November 7, 2026] On November 7, netizens filmed the wave of business closures in Sichuan and Chongqing continuing to expand, extending to Neijiang, Leshan, Guangyuan, Fuling in Chongqing, and Yuzhou Trade City. Leshan merchants said they pulled the shutters and retreated in a 10-minute emergency; Guangyuan merchants said the entire market closed as soon as the news arrived. Netizens commented that closing is better than being fined, and no one can withstand joint law enforcement.
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 Douyin influencer posted a video stating that a friend of over 20 years had passed away at a garment factory in Gaoyou, Jiangsu, due to long-term overwork. Chat logs show the female worker mentioned on November 19, 2025, that she was working overtime until 10 PM every day with no days off on Sundays, once saying, "I will die of sudden cardiac death sooner or later," and had been pressured by the finance department and the factory manager to return to work.
2026-11-04
On November 4, Zhang Xue, founder of Zhang Xue Motorcycle, gave an interview at the EICMA in Milan, Italy, stating that employees receive a 100% salary increase after one year of employment, and those who have not received a raise for two consecutive years will basically be let go. The company plans to recruit 70 R&D personnel in this round of campus recruitment and has already received about 200 resumes from students at Chongqing University.
2026-11-03
As over 3,300 A-share stocks plummeted, the state-run China Fund News published an article attributing the correction to external factors such as the decline in the South Korean stock market, the drop in US tech stocks, and the midterm elections.
2026-11-03
On November 3, over 3,300 A-share stocks fell, with semiconductors and optical modules suffering heavy losses. The STAR 50 index has retreated about 49% from its July high.
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.
2026-11-03
On November 3, China Fund News published an article citing external factors such as the decline in the South Korean stock market, the drop in U.S. tech stocks, and the U.S. midterm elections to explain the A-share correction. The related topic entered the top ten trending list on Weibo, drawing mocking comments from netizens.
2026-11-03
Jiangxi Urban Channel's "Urban Scene" program criticized Zhang Xue for discussing equity returns for veteran employees in the context of current compensation for fresh graduates, calling his remarks indicative of "misplaced arrogance."
2026-11-02
On November 2, the Chinese central bank announced that it will launch the Securities, Funds and Insurance companies Swap Facility (SFISF) operation on November 3, with a one-year term that can be extended as appropriate. 31 securities and fund companies have already reported their demand, with application quotas exceeding 100 billion RMB. This marks the third operation following those in October 2024 and January 2025.
2026-11-02
On November 2, Haixia Net, under the Fujian Daily Press Group, published a report focusing on the resignation phenomenon of Taiwan's military, public, and educational personnel, using the term "escape wave" to describe the resignation situation of local public officials.
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.
2026-11-01
In late October, universities such as the University of Science and Technology Beijing and Hangzhou Normal University issued notices stating that, starting November 1, they will withhold VAT and surcharges on labor remuneration for seven types of services, including consulting, design, and education, sparking questioning from netizens.
2026-11-01
On November 1, a financial blogger posted that an article published the previous night had been deleted. They suspected it was due to photos of stock investors' Halloween costumes at the end of the post, which included satirical content about A-shares, such as dressing up as green K-line charts or holding signs begging for market support.
2026-10-31
Protective fences were installed around the buildings and passageways of the Shenzhen Stock Exchange and the Shanghai Stock Exchange around October 31, sparking speculation that they were intended to prevent gatherings or protests by petitioners or investors.
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.
2026-10-31
According to Shanghai News Workshop, the Minhang District Representative Office of the Shanghai Charity Foundation received a property worth 6.5 million yuan bequeathed by an elderly person for educational aid. The person in charge stated that selling the property would require an estimated 4.5 to 4.6 million yuan in taxes, so they have decided not to sell it for now and will instead use rental income to support charity. On October 31, the topic topped the Weibo trending list.
2026-10-31
On October 31, a netizen posted a video complaining about rising gasoline prices. The comment section was wiped, and viewers noted in the bullet comments that stock prices had also plummeted. The video sparked a trend of copycat videos, all of which also had their comment sections wiped. Currently, both the original video and the copycat videos are no longer visible.
2026-10-31
According to Beautiful Zhejiang on October 31, 21-year-old Yao Jiahui from Anhui, after graduating with a degree in preschool education, took up work as a street cleaner in Zhoushan, Zhejiang, alongside her parents due to low wages in her field. She works two shifts a day, starting at 4:30 AM and finishing at 6:30 PM. The Guangzhou Daily praised her for having a 'clear-headed' perspective, while netizens left sarcastic comments.
2026-10-31
On October 31, at a Halloween event, a participant dressed up as a graduate student, wearing signs such as 'Academic trash, non-recyclable,' 'Advisor, I really don't know how,' and 'Third-year grad student, no results, no prospects, no hope,' self-deprecatingly mocking the pressure of graduate studies and the employment crisis.
2026-10-30
Alphabet released its Q3 earnings report, with free cash flow turning negative to $9 billion; Amazon released its Q3 earnings report, with free cash flow at negative $42.4 billion.
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
The day after the market conference concluded, A-shares fell sharply again, with the Shanghai Composite Index losing the 3600-point mark and hitting a new closing low for the year.
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%.
2026-10-30
On October 30, Finnish police announced an investigation into a case of suspected labor trafficking of Chinese workers, arresting 9 people, with 4 held in custody. The case involves a battery material plant construction site in Kotka, a Finnish labor dispatch company, and a Chinese employer. Previously, Yle revealed that workers were required to return wages exceeding a lump-sum salary, with harsh breach-of-contract clauses.
2026-10-29
The country risk index for Argentina, calculated by J.P. Morgan, surged to 703 points last Friday, the highest level since 2026, marking a significant increase from the 402 points recorded on July 10.
2026-10-29
Affected by National Development and Reform Commission (NDRC) oil price limits and low inventory levels, reports circulated online on October 29 that diesel shortages erupted across multiple regions nationwide, with gas stations implementing temporary rationing or suspending sales.
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, a gas station in Bayan County, Harbin, Heilongjiang, saw a rush to buy fuel due to the diesel shortage affecting many regions, leading to conflicts among truck drivers over refueling quotas. Gas stations across the country have successively introduced diesel rationing policies, and multiple similar disputes have already occurred.
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.
2026-10-29
On October 29, while giving a lecture at Chongqing University of Technology, Zhang Xue claimed that an employee with a junior college degree had worked with her for ten years, rising from a monthly salary of a few thousand yuan to an annual salary of 500,000 to 600,000 yuan, with stock options valued at 30 million yuan, telling students that they have a higher starting point and need not be afraid.
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
On October 28, Chinese media reported that the Ministry of Public Security has established a Drone Security and Control Bureau. Drone control and safety management agencies have also been successively established at the provincial, municipal, and county levels in many regions, forming a regulatory system from the central government down to local levels. Departments such as the NDRC, CAAC, and MIIT have also set up management agencies for the low-altitude economy.
2026-10-28
According to a report by Nikkei Asia on October 28, due to rising memory storage prices driven by surging demand for AI infrastructure, HP, ASUS, and Acer are shifting some production capacity from Thailand and Vietnam back to China, with Dell also evaluating similar adjustments. Meanwhile, contract manufacturing giants like Quanta and Compal are pivoting toward AI servers, creating opportunities for Chinese manufacturers like Luxshare Precision to expand their PC businesses.
2026-10-28
On October 28, Pop Mart submitted a performance update to the Hong Kong Stock Exchange, showing a 45% to 50% year-on-year decline in Q3 sales. Specifically, the Americas market dropped by 70% to 75%, and mainland China saw a decline of 25% to 30%. Since its peak in August 2025, the stock price has fallen by more than half, with a market capitalization of approximately $22 billion.
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.
2026-10-27
The documentary on day laborers in Majuqiao, Beijing, previously released by Feng Ge, was taken down before and after its release, becoming inaccessible to the public.
2026-10-27
On October 27, a netizen submitted via [Niuma.ICU] to expose that Shenzhen Deshengyuan Technology Co., Ltd. requires 6 workdays per week and 12 hours per day, that the workshop has only fans with temperatures exceeding 30 degrees, that no social insurance or housing provident fund is paid, and that wages are not paid on time.
2026-10-12
Xiao Jie, Vice Chairman of the Standing Committee of the National People's Congress, led a team to Nanchang, Jingdezhen and Yichun in Jiangxi to investigate government debt and audit work, and to verify materials on Jiangxi's debt black hole and mineral corruption.
2026-10-26
From October 26, the Shanghai Composite Index and others will adopt new compilation rules: the weight of a single stock is capped at 15%, and the removal of risk-warning stocks will be calculated based on the announcement date rather than the implementation date. Stocks whose announcement and implementation fall in different months may exit the index earlier. The market has recently been in a downtrend.
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 published an article comparing the Majuqiao day-labor market in Beijing with the Yizhuang industrial park just across the river: workers crowd into vans before dawn with cargo and passengers mixed together, earning 180 yuan for a five-hour trip, and sleeping in dormitories converted from kitchens; across the river, SMIC and JD.com are brightly lit. The article noted that there are over 200 million people in flexible employment and that the youth unemployment rate was about 18% in September.
2026-10-26
PLA Daily reported on October 24 and 26: a unit of the Air Force conducting training no longer hands out new briefcases and instead circulates old ones, while officers and soldiers of a detachment of the Henan Armed Police Corps made mobile target drones and other training equipment themselves to save procurement funds.
2026-10-26
On October 26, Zhangxue Motorcycle held a campus recruitment presentation at Chongqing University. The PPT showed an annual salary of 120,000 to 150,000 RMB for R&D positions and 100,000 to 120,000 RMB for non-R&D positions. After the salary plan was posted online, netizens mocked it, asking, 'Who would go for that amount of money?'
2026-10-22
The Beijing Municipal Tax Service publicly disclosed on its official website that tax notices had been served on 21 natural persons, reflecting the continuing increase in pressure on local finances and tax recovery.
2026-10-25
Chinese influencer "Feng Ge Wangming Tianya" released a 25-minute video documenting his experience as a day laborer in Majuqiao, Beijing. The video sparked widespread discussion online before being taken down.
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
On October 25, a netizen in Gansu posted a video titled "Who Isn't a Good Taxpaying Citizen," listing one by one the various tax rates embedded in everyday consumption such as food, utilities, transportation, home purchases and car buying, sparking heated discussion in the comments over hidden tax burdens.
2026-10-24
According to a Nikkei Asia report on October 24, against the backdrop of intensifying competition among Chinese automakers and Europe's expanding armaments, Volkswagen's 125-year-old plant in Osnabrück, Germany, plans to halt car production in the summer of 2027 and shift to producing air-defense equipment and parts. In cooperation with Rafael, it aims to retain about 1,200 of its 1,800 jobs. Stickers opposing the conversion to military production have appeared near the plant.
2026-10-23
In a livestream, Zhai Shanying combined scientific logic with the case of the renewal of the lease for the K11 building of Shanghai New World Group to analyze the enormous lease renewal fees and the economic crisis facing China's commercial real estate.
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, it was circulating online that due to the continuous decline of the stock market, an investor purchased a funeral wreath online, with the delivery address set to the Shanghai Financial Exchange Plaza and a note saying to hang it on the neck of the bronze bull at the exchange's entrance; the order has not been paid for yet because security at the entrance has been tightened.
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
October 22 is the deadline set by the Chinese government for declaring historical back taxes on offshore trusts. On that day, Chinese stocks officially entered a technical bear market, with the wealthy selling assets to pay the taxes, triggering selling pressure.
2026-10-22
Many private entrepreneurs in Shanghai are facing pressure to pay massive back taxes, with some billionaires having to borrow hundreds of millions of yuan in cash just to barely meet their tax obligations.
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
On October 22, all three major A-share indexes closed lower, with nearly 5,000 stocks across the market declining. The ChiNext Index fell 4.37% to close at 2,576.90 points, a cumulative pullback of 41.17% from its intraday high of 4,380.41 points on June 25 over about four months.
2026-10-22
A netizen submitted to [Niuma.ICU] claiming that the Chuxiong Power Supply Bureau of Yunnan Power Grid frequently forces overtime with no overtime pay; public holidays that are not taken automatically expire; wages of grassroots and outsourced employees have barely risen in over a decade and are often deducted; and there is a stark polarization in treatment between those with connections and everyone else.
2026-10-22
On October 22, a blogger posted a video on Douyin claiming that a 73-year-old stone carving worker earns 200 yuan a day, works amid clouds of dust without wearing a dust mask, with the caption “I don’t mind that he’s old, he doesn’t mind that I pay so little,” sparking heated discussion among netizens.
2026-10-21
Tsinghua University professor Nie Huihua previously proposed taxing robots and AI, on the grounds that companies hiring real people must pay wages and social security contributions, while switching to robots can save on labor costs; this view has recently drawn renewed attention.
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
Bloomberg named eight Chinese billionaires including Ding Lei, Huang Zheng and Lei Jun, whose overseas trust assets exceed $140 billion, facing a new round of tax recovery and harvesting by the Chinese Communist Party.
2026-10-20
On October 20, the Ministry of Industry and Information Technology acknowledged that some automakers engage in bandwagon product launches and have problems such as insufficient testing and verification, and said it will resolutely prevent unreasonable innovation designs from entering the market.
2026-10-20
According to a Wall Street Journal report on October 20, China's GDP in the third quarter grew 4.5% year-on-year, with strong exports surging 36% year-on-year in September, and the trade surplus expected to hit another record.
2026-10-20
On October 20, Taiwan's National Security Council Secretary-General Joseph Wu said at an international seminar in Taipei that Taiwan has reduced its dependence on mainland China since 2016 and is less impacted by China's overcapacity, with economic growth expected to reach 11% or slightly higher this year; he criticized Beijing for failing to resolve weak domestic demand and instead subsidizing industries on a massive scale and exporting surplus products to the world at low prices, calling on all countries to reduce risks with concrete action.
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.
2026-10-19
The State Taxation Administration released six implementation details, clarifying standards for lump-sum back taxes and the recovery period on historical trust income from offshore trusts, stepping up tax recovery from the wealthy’s overseas trusts.
2026-10-19
On October 19, the National Bureau of Statistics released data on residents' income and consumption expenditure for the first three quarters of 2026: the national per capita disposable income was 34,230 yuan, up 5.3% year on year; per capita consumption expenditure was 22,354 yuan, up 3.6% year on year, lower than the income growth rate.
2026-10-19
On October 19, China's State Taxation Administration once again reminded relevant taxpayers to complete filing and tax payments within the transition period before October 22, in order to avoid late-payment surcharges. Bloomberg reported the same day that the offshore holdings of 8 billionaires, including Ding Lei and Huang Zheng, totaling about $140.2 billion, could be affected.
2026-10-19
A woman recalled on Douyin that she used to do piece-rate work at JD Logistics, working 18 hours a day, six days a week with one day off, earning over 5000 yuan a month; coworkers still worked while injured but were mocked for being slow. After she left the job, she was attacked by netizens for talking about this experience online.
2026-10-18
Data released on October 18 showed that the college planned to recruit 1 person for the admissions and employment management position, and in the end 6746 people completed payment, with a competition ratio of 6746 to 1.
2026-10-18
According to X user @__Inty__, U.S. Vice President JD Vance said in public that the current high oil prices are attributable to the Biden administration's energy policies. Vance believes that the incumbent administration's policies have led to tight energy supplies, thereby driving up oil prices, and he used this as a criticism of the incumbent administration's economic governing competence.
2026-10-18
On October 18, 2026, US vice presidential candidate JD Vance stated publicly that if the United States withdraws from the Middle East and lets Iran control shipping through the Strait of Hormuz, it would directly cause a sharp rise in gasoline prices. The remarks underscored the strategic importance of the strait to global energy supplies and to domestic US oil prices.
2026-10-17
According to a report by Sound of Hope, Tencent recently announced an investment totaling 26 billion yuan. The report noted that the move has drawn attention in economic circles, linking it to the economic policy background ahead of the Chinese Communist Party's Fifth Plenary Session and to remarks by central bank governor Pan Gongsheng in Washington, and analyzing its impact on the current economic situation.
2026-10-17
On October 17, a Douyin blogger posted a video recounting that he had served on the border in Tibet for eight years and, after leaving the army, taken a job at an electronics factory, quitting after just one month. He said, "The edges that eight years of border duty couldn't smooth away were worn completely clean in thirty days at the factory," sparking netizen jokes about employment practices at electronics factories, such as two-shift rotations and military-style morning meetings every day.
2026-10-08
The Chinese Communist Party issued the Measures for Protecting the Rights and Interests of Workers in New Forms of Employment, proposing to ban platforms from inducing workers to register as individual businesses and to ban multi-layer subcontracting to evade employment responsibilities.
2026
Affected by soaring fuel prices and factors such as the conflict between Iran and the United States, consumers have been looking for cheaper alternatives, and sales of electric two-wheelers in Pakistan grew 173% in the first half of 2026.
2026-10-15
Germany is pushing the EU to propose safeguard measures by the end of the year to impose quotas on Chinese imports of chemical products, machinery, and potentially pharmaceuticals, in addition to planned quotas on Chinese hybrid vehicles.
2026-10-15
On October 15, 2026, Ukrainian President Zelensky, responding to U.S. President Trump's accusation that Ukrainian long-range drone strikes pushed up diesel prices, said he found it acceptable and that this was not the first time he had faced such claims, stressing that he was strong enough because he knew the truth, and that most people around the world also understood the real reason behind the price changes.
2026-10-15
According to a report by Clash Report, Maximilian Krah, a Bundestag member of the Alternative for Germany (AfD), said in an interview that if Germany wants to restore some of its competitiveness, it must curtail union rights and amend labor law to achieve greater flexibility, noting that under current regulations Germany cannot compete with China in the electric vehicle sector.
2026-10-15
According to a report by the South China Morning Post, after successfully pressing China to cap its exports of hybrid vehicles to Europe at 350,000 units per year, EU member states are emboldened and have now reached a consensus on adopting a tougher trade stance toward China, preparing to speed up a series of follow-up unilateral actions.
2026-10-15
According to a Reuters report on October 15, China's meat and milk production continues to expand while domestic demand is insufficient, and large companies are seeking markets through low-price exports; a chicken processing company in Tengzhou, Shandong, received government subsidies for employees' wages, and exports accounted for half of its profits in 2025.
2026-10-15
On October 15, sources revealed that the European Commission has begun assessing import data for the chemicals, machinery and other industries, and von der Leyen proposed at the summit that safeguard and quota measures be taken to protect the relevant industries.
2026-10-15
On October 15, China's Ministry of Commerce commented on the China-EU understanding on export restrictions for hybrid vehicles, calling it "reciprocal and mutually beneficial" and saying it safeguarded the practical interests of Chinese enterprises.
2026-10-15
According to a report by the Financial Times on October 15, Citroën plans to launch a €15,000 all-electric 2CV in 2028, while Volkswagen will introduce the €25,000 ID.Polo; Chinese brands took about one-third of the stands at the Paris Motor Show for the first time, and AlixPartners expects them to account for 16% of European sales by 2030. Changan plans to expand production in Europe, and Chery will start production in Spain.
2026-10-15
On October 15, according to a Reuters report, IMF Asia-Pacific Department Head Srinivasan stated in Bangkok that China's economic growth still mainly relies on external demand, the scale of fiscal stimulus is limited, and the real estate crisis has dragged on too long, calling on the government to boost household confidence and improve the social security system.
2026-10-15
According to a report by The Economist on October 15, China's consumer-grade 3D printer industry is rising rapidly, with export value in the first half of this year up 90% year-on-year. Chinese companies' global market share has climbed from 19% to 96% over the past decade, with Shenzhen Creality, Anycubic, ELEGOO, and Bambu Lab dominating the consumer-grade market.
2026-10-14
A homebuyer recounts that after purchasing a home in 2020, a drop in income forced them to suspend mortgage payments for 12 months, now facing court-ordered forced auction and massive losses.
2026-10-14
According to a Bloomberg report on October 14, the EU is negotiating with China to lift trade sanctions on a Chinese company suspected of assisting Russia's war against Ukraine, in exchange for China lifting sanctions on the German company Sindlhauser Materials GmbH. The German firm faces the risk of bankruptcy because it was placed on China's rare earth export control list; the two sides recently held talks in Beijing and agreed to strengthen information sharing on export restrictions.
2026-10-14
On October 14, according to a Financial Times report, data from the General Administration of Customs showed that exports in September grew 36.3% year-on-year in dollar terms, far exceeding the expected 25.7%; the month's trade surplus reached a record $133.5 billion, with the cumulative surplus for the first nine months at $938.1 billion. Chips and data processing equipment accounted for 17.9% of exports, exports to the US rose 39.6%, and exports to Europe rose 25.3%.
2026-10-14
According to a Moody's Analytics report, the war in Iran has cost American consumers approximately $265 billion in additional spending since late February, an average increase of about $2,000 per household. Of that, rising energy prices accounted for about $1,100, with the average price of gasoline climbing from $2.98 per gallon before the war to $4.34.
2026-10-14
Internal EU documents show that Europe is seeking to strengthen cooperation with Vietnam to obtain critical minerals such as tungsten and rare earths needed by the defense industry, and to reduce its dependence on Chinese supplies. Vietnam holds large reserves of relevant minerals. Export restrictions imposed by the Chinese government last year have already hit European supply chains, and Europe, while expanding its armaments, is unwilling to keep the supply of critical raw materials in China's hands.
2026-10-14
According to @clashreport citing remarks by Elon Musk, Musk said that last year China restricted exports of magnets used in electric motors, causing Tesla's Optimus robot project to be delayed by two to three months. Musk stressed that even if China cuts off supplies, the United States needs to ensure that it can produce robots on its own.
2026-10-14
According to Radio France Internationale (RFI), the Hong Kong Securities and Futures Commission took enforcement action over suspicions that two Chinese-funded companies engaged in market manipulation during their initial public offerings (IPOs), freezing more than HK$4.6 billion in assets, a record high freeze amount in the history of the Hong Kong securities regulator.
2026-10-14
German Chancellor Merz said that Germany will no longer stand idly by while other countries damage its economy through high subsidies, artificial currency devaluation, overcapacity, and aggressive pricing. He warned that any country seeking a trade conflict with Germany will find that Germany will now defend itself.
2026-10-14
According to a Voice of Hope report, Chinese brands such as Chery, Huawei and Xiaomi have been recalled abroad over product quality problems (such as broken axles and brake failures), yet they refuse to admit fault at home. This situation has drawn criticism from Party media, but some "Little Pink" groups have instead defended these brands, even "tearing into Party media," claiming that "national brands" only rip off Chinese people.
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
Russian authorities announced a ban on the entry of trucks and special equipment models from several Chinese brands, including Dongfeng, Foton, XCMG and JAC, into the Russian market, citing reasons such as non-compliance with safety requirements.
2026-10-13
On October 13, 2026, according to social media reports, Chinese regulatory authorities have officially approved the U.S. financial giant Visa to establish a locally registered bank card clearing institution within China. This marks a new milestone in the expansion of overseas card organizations' RMB clearing businesses in China and further promotes the opening up of China's financial payment and clearing market.
2026-10-13
On October 13, the Wall Street Journal reported that Xi Jinping is investing heavily to build a technological and military powerhouse, intensifying China’s debt spiral; citing Bank for International Settlements data, it said that China’s non-financial sector debt has risen by more than $43 trillion since he came to power, and in 2025 it has already exceeded 300% of GDP.
2026-10-13
According to the Wall Street Journal, Vice Premier He Lifeng has warned businesses that large-scale layoffs are prohibited while adopting AI technology, though the situation is considered difficult to reverse.
2026-10-13
According to a disclosure by X user @ChinaSelect, some of the largest financial institutions in the United States have helped raise billions of dollars for companies linked to the Chinese Communist Party's military and human rights abuses. This week, these financial institutions are holding earnings calls with investors and journalists, and whether they will continue to underwrite initial public offerings (IPOs) has drawn attention.
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.
2026-10-13
The Ministry of Finance's 2026 budget shows that central government debt interest expenditure is 873.99 billion yuan, accounting for about 19.2% of central-level expenditure.
2026-10-13
On October 13, a Bilibili creator aggregated data on personnel from 214 government agencies and public institutions in a western county, finding 8,098 active employees and 3,609 retirees, totaling 11,707 people. 2025 fiscal documents show the county's general public budget revenue is approximately 129 million yuan, with expenditures of about 4.056 billion yuan, and subsidies from central, provincial, and municipal governments totaling about 3.545 billion yuan. The creator did not name the county to continue the series, but the document mentions the Mizhi County Public Security Bureau.
2026-10-13
On October 13, Autohome confirmed with Maextro customer service that, in addition to the V800, the S800 Dazang Daguan edition can also receive a free upgrade of the brake pedal bracket. Owners need to proactively contact customer service or register at a user center; the plan is expected to be finalized by the end of October and rolled out starting in November. Previously, Maextro had responded that its braking system is developed and verified to standards higher than the national standard, to which netizens sarcastically replied, "If it's already above the testing standard, why replace it at all?"
2026-10-12
The Chinese Communist Party's People's Bank of China issued the document "Policy Stance on the RMB Exchange Rate," reiterating that China has neither the need nor the intention to gain a trade advantage through exchange rate depreciation, and will never engage in competitive devaluation.
2026-10-12
On October 12, the Federal Agency for Technical Regulation and Metrology of the Russian Federation announced that, because braking systems, seat belt anchorage points, cab protection and other features fail to meet safety requirements and could lead to traffic accidents and casualties, it was suspending sales in Russia of some trucks and special-purpose vehicles from JAC, Dongfeng, Foton and XCMG, and demanded that recall and rectification plans be drawn up.
2026-10-12
On October 12, a netizen posted a video showing extensive rust, peeling coating, and irregular holes along the underside of a Huawei AITO M7 produced in December 2022, along with flaky debris on the ground; the comments section featured jokes such as "just replace the chassis."
2026-10-12
On October 12, 2026, Xinhua News Agency published an article praising Nike CEO Elliott Hill for making a special trip to the Shanghai Shenhua home stadium to invite Chinese fans to watch a match and gift them jerseys. Netizens compared this to the agency's 2021 condemnation of Nike over the Xinjiang cotton issue, sarcastically calling it 'coming and going'.
2026-06-10
The Financial Stability Board issued a consultation paper pointing out that financial institutions' reliance on common AI models and data integration would amplify herding effects and pro-cyclicality.
2026-09-30
The Bank of England has published the minutes of its Financial Policy Committee meeting of September 25, citing a Morgan Stanley estimate that global AI-related bond issuance had reached $450 billion in 2026 through September.
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
Research by the Conference Board shows that interest payments on the debt of China's central and local governments are expected to reach 1.4 trillion yuan in 2026, far exceeding the roughly 348 billion yuan in 2014; central government debt service is projected to rise to 19.2% of the general public budget.
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, 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.
2026-10-11
On October 11, a satirical video set against a bridge-construction background circulated on Douyin. Management claimed that after pay cuts, workers did not dare to speak up, while workers replied, “We never intended to do a good job in the first place — we’re letting each other down on both sides.” Netizens coined the term “问薪无愧” (feeling no guilt when asked about pay) and it became a hot topic of discussion.
2026-10-10
The [Niuma.ICU] team compiled a shame list of China's auto industry based on netizen submissions, with BYD ranking first with 54 complaints, accused of "one life for 200,000 yuan" and "two days off per month at most"; overtime work and pressure-based assessments accounted for more than half of the industry's problems.
2026-10-10
On October 10, four departments including the Ministry of Industry and Information Technology released a draft for public comment, proposing to ban cars from being equipped with fully flush door handles, prohibiting the use of zero-gravity seats, rotating seats, or seats folded flat into a bed while driving, and requiring models already announced to submit supplementary verification materials before July 1, 2027; those with safety hazards past the deadline must halt production and issue recalls, while new models must undergo environmental adaptability verification of no less than 1 year and reliability verification of no less than 30,000 kilometers. The document is still under public comment.
2026-10-10
According to a Nikkei Asia report on October 10, as of the end of September Kweichow Moutai's market cap stood at 1.57 trillion yuan, with its share price down 43% from its peak. The report attributed this to the economic slowdown, falling housing prices making the wealthy cautious about investing, and the tightening of anti-corruption enforcement and regulation of extravagance and waste in May 2025 hitting demand.
2026-10-10
In the early hours of October 10, a fire broke out in a three-story residential house in Xintang Town, Guangzhou, caused by the homeowner parking and charging an electric bicycle indoors. The fire destroyed two electric vehicles and one gasoline car, but fortunately no one was injured.
2026-10-10
A fresh graduate in Qingdao encountered the “recruitment-to-training” trap of Qingdao Maya Network Technology and Qingdao Zechen Innovation Technology while job hunting; after being persuaded to take out a training installment loan of nearly 30,000 yuan, the other party disappeared.
2026-10-10
On October 10, a hospital in Chifeng, Inner Mongolia banned electric vehicles from entering its grounds. Delivery vehicles parked on the roadside risked being towed by traffic police, so a large number of delivery riders gathered on bikes at the hospital entrance and surrounding roads to defend their rights. Police and traffic officers arrived at the scene.
Location: Chifeng, Inner Mongolia, Inner Mongolia ·
Importance II ·
Verification: Reported ·
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2026-10-09
On October 9, EU Trade Commissioner Sefcovič announced after meeting with Chinese Commerce Minister Wang Wentao in Beijing that the two sides had reached an understanding on limiting exports of Chinese hybrid and plug-in hybrid vehicles to Europe, which could cut export volumes by more than half.
2026-10-09
On October 9, the CCP Central Committee and the State Council released the Opinions on Developing New Quality Productive Forces, warning localities not to turn away from the real economy toward the virtual economy and to avoid creating bubbles, demanding serious accountability for major losses caused by blind investment and herd behavior, and prohibiting the violation and abuse of policies in the name of new quality productive forces.
2026-10-09
A netizen submission claimed that employees at Guangdong Dongbo Intelligent Equipment Co., Ltd. don't get off work until after 11 p.m. every night, with monthly overtime reaching over 100 hours.
2026-10-09
On October 9, the Ministry of Finance announced the arrangement and use of 550 billion yuan in local government debt carryover quotas, of which 300 billion yuan will be fully allocated to counties and districts to enhance general public budget support capacity, and 250 billion yuan will be used to support investment projects.
2026-10-08
Affected by a video showing a broken brake pedal bracket on the Huawei Stelato V800 during a test, JAC Motors shares hit the daily limit down at midday the same day, closing at 24.72 yuan, a drop of 10%.
2026-10-08
Facing massive breach-of-contract damages and a crisis of international credibility, the CCP on October 8 approved continuing to fulfill exports under refined oil contracts totaling 3.7 million tons and worth US$4.5 billion that had already been signed in October.
2026-10-08
Affected by the brake pedal breakage incident involving the Maextro V800, JAC Motors' closing price fell to 24.72 yuan on October 8, with more than 6 billion yuan wiped off its market cap in a single day.
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, Dongchedi released a test video claiming that during a continuous emergency braking test from 100km/h to 0, the brake pedal brackets of three Zunjie V800 units priced between 766,000 and 1,016,000 yuan broke in succession, with none lasting more than 4 hard stops, contrasting with the official website's promotion of "multiple redundancy, steady as Mount Tai." There is online dispute over the force readings in the test, and the cause of the breakage remains to be verified.
2026-10-08
On October 8, a netizen posted to expose an internal "improvement proposal" at a container factory in Guangdong. In response to employees using the restroom too often and slowing down production, the proposal suggested wearing adult diapers to boost output. The employee who posted said they must submit at least one proposal every month or be fined. In the comments, one person reported that after a coworker died of sudden death on the night shift, day-shift staff were required to fill out disclaimer forms, and the company made employees swear an oath that no safety accidents would occur.
2026-10-07
Trade representatives from fifteen economies, including the United States, the European Union, Japan, and South Korea, have jointly signed an agreement promoted by the U.S. that calls for the elimination of structural overcapacity and non-market policies that lead to overproduction.
2026-10-07
On October 7, Taiwan's New Taipei District Prosecutors Office indicted 10 business operators, alleging that since 2017 they had used the names of the National Chung-Shan Institute of Science and Technology and others to purchase high-speed military-grade chips from Texas Instruments and Analog Devices, altered the outer packaging to launder the origin before illegally selling them to China and Hong Kong, and profited more than NT$300 million; prosecutors are seeking a maximum sentence of 10 years for the principal suspect.
2026-10-07
The topic “The whole nation enters an era of purely getting by” trended on hot search in August, with netizens discussing reduced desire to consume, cutting back on social spending and spending driven by keeping up with others; during the National Day holiday, netizens observed that people generally only browsed without buying.
2026-10-07
On October 7, a legal blogger posted a video on Douyin claiming that inmates enjoy fully state-funded medical care, consultations with specialists, and nutritious meals, while grassroots prison officers are overworked and can hardly get time off — it feels more like they are serving the criminals. The video was taken down about an hour after it was posted.
2026-10-06
The State Council of the CCP held an executive meeting, requiring the improvement of robust mechanisms for the capital market and the enhancement of intrinsic stock market stability. The swap facility tool has also been transformed from a temporary measure into a long-term institutional arrangement.
2026-10-06
According to a report by The New York Times on October 6, China's value-added tax refunds for exporters reached $318.2 billion last year, equivalent to 1.5% of GDP; the renminbi depreciated by more than 14% from the start of 2022 after inflation adjustment, and the export model has intensified friction with trading partners.
2026-10-06
A netizen submission claimed that Zhuhai Gree Intelligent Equipment Co., Ltd. worked overtime for the entire 7-day National Day holiday, working every day until 8 p.m. to 10 p.m., and went back to the site on October 14 to re-adjust the equipment, averaging about 12 hours of work per day with almost no rest during the period.
2026-10-06
On October 6, Nine Yuan Airlines issued a notice stating that for domestic tickets issued from 00:00 on October 10, the fuel surcharge on routes of 800 kilometers and below will rise from 40 yuan to 50 yuan, and on routes over 800 kilometers from 70 yuan to 90 yuan.
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.
2026-10-05
A netizen submission claimed that Zhongshan Chuangmeng E-Commerce Co., Ltd. has daily working hours of up to 12 hours, with unpaid overtime and no days off throughout the year.
2026-10-05
On October 5, at the Ningdu toll station in Ganzhou, Jiangxi, a rider on a motorcycle heading onto the expressway was intercepted by staff wielding an electric hedge trimmer; during the confrontation his camera was seized and damaged, and the rider has reported the case to the police and is awaiting handling.
2026-10-05
During the National Day holiday, The Paper conducted a live-streamed test at Fantawild Dream Kingdom in Wuhu, Anhui, and found that thrill rides with a height limit of 1.1 meters admitted toddlers under 90 cm tall, while young children could use in-park bear tickets to invite staff members to dance up close, with some children frightened into crying.
2026-10-04
The Financial Times has re-disclosed and analyzed the sharp decline in the number of corporate entities among China's rural small and medium-sized banks, as well as the weaknesses of the banking system.
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.
2026-10-04
On October 1, the Mixue Bingcheng Luoyang flagship store's opening day revenue exceeded 1 million yuan. Recruitment information showed that part-time employees for morning, afternoon, and night shifts were paid 100 to 120 yuan, which equates to an hourly wage of about 12 yuan. This sparked heated discussion after being exposed by netizens on October 4.
2026-10-04
On October 4, a netizen posted yearbook data pointing out that the average monthly wage in Shandong Province had already reached 3,570 yuan in 2012. Several local netizens reported that actual wages today still hover around 2,000 to 3,000 yuan, and complained about regressions in labor rights, such as inflated salary figures in job postings, the splitting of performance pay, and the widespread practice of 12-hour shifts in factories.
2026-10-04
On October 4, an employee claiming to be from BYD's second factory in Huyi, Xi'an, posted a photo of the words "Run Away Fast" written on a yellow pillar. Netizens in the comments section sarcastically called BYD a "blood-sweating steed" and a "sweatshop," while complaining about poor treatment and heavy exploitation.
2026-10-03
On October 3, China's Ministry of Commerce announced the launch of an anti-dumping investigation into p-nitrotoluene imported from the European Union, with the investigation period running until October 2027 and extendable by six months. The ministry said prices of the relevant EU products fell by nearly 60% cumulatively from 2022 to 2025, and noted that the EU has launched 28 trade remedy investigations against China since 2025.
2026-10-03
On October 3, Xiaoxiang Morning News reported that a car owner from Gansu arrived at the Luotang service area on the Lanhai Expressway at 10 p.m. on September 30, and didn't manage to charge until 5 a.m. on October 1. With nighttime temperatures around 14°C, he didn't dare turn on the air conditioning, while another vehicle ran out of power and had to call a tow truck. At the Baolun service area in Sichuan, a car owner queued for 4.5 hours, charged to 75%, and then had to leave.
2026-10-03
On October 3, a blogger working in the culture and tourism industry lamented that people have entered an "era of pure living", cutting back wherever possible on consumption that brings them pleasure, that he himself is also downgrading his consumption, and said he does not have much confidence in business next year.
2026-10-03
On October 3, a blogger posted a video interviewing a sanitation worker, who said they earn 1,500 yuan a month with no days off all month; calculated at 30 days a month and about 10 hours a day, the hourly wage is only about 5 yuan. The blogger then tested the purchasing power of a 5-yuan budget, buying a small amount of ingredients and sarcastically commenting on a happy life. Commenters said 5 yuan can buy one hour of a sanitation worker's labor.
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.
2026-10-02
The Peterson Institute for International Economics released a report pointing out that from January to July this year, the gap between China's customs-reported exports to the United States and U.S.-recorded imports from China reached $99.8 billion, and the deviation in China-U.S. import and export data reached 10.5 standard deviations, which cannot be explained by statistical definitions.
2026-10-02
Several telecom industry workers and netizens in the comments section reported that the company mandated all staff to work without a single day off from October 1 to 7 during the National Day holiday, promoted services in residential communities, and paid no overtime; some employees even paid out of their own pockets to deliver broadband in order to meet their quotas.
2026-10-01
The Ministry of Finance, the central bank, and the National Financial Regulatory Administration jointly announced that starting October 1, eligible first-home mortgages will receive a fiscal interest subsidy of 1 percentage point per annum.
2026-10-01
Starting from National Day on October 1, the Chinese Communist Party (CCP) issued stricter restrictions: apart from ensuring flights to Hong Kong and Macau and some marine fuel, all exports of refined oil products such as diesel and gasoline have been halted, and all signed contracts have been cancelled.
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
At the Financial Street Forum, Pan Gongsheng announced the adjustment of the policy rate tenor, the establishment of liquidity support tools for non-bank institutions, the push to link large corporations' loans to the overnight repo rate, and the exit from the deposit and lending benchmark rates, turning intraday firefighting facilities from temporary tools into standing tools.
2026-10
Based on calculations using multiple economic data points and the financial reports of listed real estate developers, the analysis points out that the current rebound in corporate deposits is mainly driven by credit bill arbitrage, and that the resulting gap in banks is ultimately filled by suppressing interest payments on households’ deposits nationwide.
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.
2026-10-01
Chairman Moolenaar of the U.S. House Select Committee on the CCP condemned Starbucks for opening stores in Xinjiang and called for the immediate closure of its branches there.
Location: Washington, United States ·
Importance III ·
Verification: Verified ·
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2026-10
The Ministry of Industry and Information Technology, the Ministry of Public Security, the Ministry of Ecology and Environment, and the State Administration for Market Regulation jointly issued a document demanding an end to the phenomenon of "instant cars" in the auto industry, and will launch a one-year special rectification and improvement campaign on vehicle quality and reliability.
2026-10
CSRC Chairman Wu Qing announced that the registration of the first batch of 18 active ETFs has been approved. Officials describe them as a tool for bringing in incremental capital, but in reality they mainly serve to convert off-exchange redemptions into on-exchange turnover and pad trading volume.
2026-10-01
On October 1, 2026, the blogger went to Wangxian Valley in Shangrao, Jiangxi, and found that the well-known influencer scenic spot had few visitors during the National Day holiday, reflecting the phenomenon that the peak tourism season is not booming.
2026-10
A 2023 OMODA 5 suffered a severe accident while driving in Johor Bahru, Malaysia, when the rear axle trailing arm suddenly tore apart and the rear axle, together with both rear wheels, detached from the body.
2026-10
Tmall's Double 11 sales began on October 20, significantly earlier than in previous years, in an attempt to boost sales by extending the campaign period. However, platforms have changed their statistical methods to mask the downward trend in daily GMV.
2026-10-01
According to a Financial Times report on October 1, as of June 2026, Japanese companies operating in mainland China fell to 10118, a net decrease of 2916 companies or 22.4% compared with 2024, and a drop of nearly 30% from the 2012 peak.
2026-10-01
On October 1, Reuters reported, citing people familiar with the matter, that over recent weeks the U.S. Department of Commerce has slowed approvals of export licenses for aviation parts to China, restricting the number of parts that COMAC is allowed to import in order to prevent stockpiling, hoping to trade this for concessions on rare earths and other issues.
2026-10-01
On October 1, the G20 trade ministers' meeting was held in Milwaukee, the United States, where they agreed to condemn the use of food trade as a tool of coercion, but failed to reach a consensus on condemning forced labor in supply chains and addressing structural industrial overcapacity. U.S. Trade Representative Greer did not name the opposing countries, while China denied overcapacity and accused the West of protectionism.
Location: Milwaukee, United States ·
Importance IV ·
Verification: Reported ·
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2026-10
The Chinese government has issued the "National Tax Administrative Penalty Discretionary Benchmarks (2026 Edition)," which for the first time incorporates social security contributions into the unified national tax administrative penalty discretionary system, effective November 1. Netizens are concerned that rising labor costs for enterprises may lead to the shifting of social security costs onto employees, resulting in wage cuts and exacerbating deflation and employment difficulties.
2026-10-01
EU Trade Commissioner Šefčovič warned during the G20 trade ministers' meeting that Chinese exports are threatening key European industries such as automobiles and steel, and that overcapacity combined with global market turmoil could endanger entire sectors within weeks or months.
Location: Milwaukee, United States ·
Importance III ·
Verification: Reported ·
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2026-10
China and the EU recently reached an arrangement on import quotas for Chinese hybrid vehicles, against the backdrop of EU concerns over the impact of low-priced Chinese goods on domestic industries.
2026-10
The Ministry of Culture and Tourism released data for the first half of 2026: domestic residents made 5.4% more trips year on year, while total travel spending rose 2.0%; a rough calculation based on the growth rates puts average spending per trip down about 3.2% year on year.
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.
2026-10-01
On October 1, Qilu Evening News reported that Hou Mingjing, marketing director of Shandong Kairui Commercial Group, said that this year's National Day wedding banquets generally have around ten tables, with the larger ones having around twenty, and that the per-table budget has fallen from 1,599–2,000 yuan to generally just over 1,000 yuan.
2026-09-30
On September 30, the International Monetary Fund (IMF) published a new book, "Toward a New Growth Model for the Chinese Economy," on its official website, pointing out that linking local officials' performance evaluation to GDP targets has led to infrastructure expansion, land-sale financing, and the accumulation of local government financing vehicle (LGFV) debt. LGFV cash flows can cover only about one-quarter to one-third of interest payments. The book recommends improving social security, advancing household registration (hukou) reform, and increasing the progressivity of the tax system.
2026-09-30
Recently, a company in Guilin, Guangxi posted a job opening offering a monthly salary of 2,000 yuan, requiring no days off on holidays or during the Chinese New Year, and also demanding that a guarantee letter be signed with family members and friends providing signatures and fingerprints, prompting netizens to submit the information for exposure.
2026-09-30
On September 30, a netizen posted their personal monthly working-hours record, showing a single-day maximum of 18.2 working hours. In the related recommendations, many workers posted their attendance for September and the Mid-Autumn Festival and National Day holidays, with monthly working hours generally over 300 hours and some exceeding 350 hours, complaining about working non-stop without any rest.
2026-09-30
On September 30, the People's Daily WeChat account People's Sharp Commentary published an article in response, arguing that interpreting "living on a tight budget" as having no money is too narrow a reading; in recent years the budgets of Peking University and many other universities have all kept growing, and the key lies in whether funds are spent scientifically and yield results.
2026-09-30
On September 30, in Burqin, Altay, Xinjiang, a China Energy Engineering infrastructure worker complained that he got no day off for National Day, no triple pay and no compensatory day off, then mocked himself by saying he wished the motherland prosperity.
2026-09-29
The fiscal interest subsidy policy was officially announced on September 29 and went into effect at the start of the National Day holiday; combined with developer discounts, it drove up new home transaction volumes in some key cities.
2026-09-29
An X account named “所谓伊人在水一方” uploaded a video of a female teacher talking about student safety, in which she reminds high school students to guard against strangers, vehicles, and the risk of losing contact.
2026-09-29
On September 29, US Ambassador to China David Perdue reposted a graphic and text from the embassy dated the 27th, saying that China has imposed export licensing on rare earths and magnets since April last year, extended it worldwide in October last year, and now makes it illegal for companies to relocate out of China, allowing for arrest and prosecution, seizure of assets, and exit restrictions.
2026-09-29
On September 29, the Ministry of Finance, the central bank, and the National Financial Regulatory Administration jointly announced that starting October 1, eligible first-home mortgages will receive fiscal interest subsidies, with an implementation period provisionally set at one year — the first time the central fiscal budget has subsidized individual housing mortgages. The subsidy applies to newly purchased first-home loans for properties with an area of no more than 120 square meters and a total price of no more than 1.5 million yuan, providing an annualized interest subsidy of 1 percentage point on loans of up to 1 million yuan, for a maximum of five years.
2026-09-29
On September 29, China's central bank cut the one-year pledged supplementary lending (PSL) rate by 25 basis points to 1.5%, expanded the scope of support to include telecommunications, logistics networks and other fields, and increased the quota for equipment renewal and technology re-lending by 200 billion yuan to 1.4 trillion yuan.
2026-09-29
Around September 29, Peking University issued the "Implementation Measures for Meeting the Requirement of Living a Tight Life," making clear that meetings must not be held at 21 scenic and tourist areas, and restricting spending on meetings, training, and travel. The related topic trended on Weibo's hot search, prompting netizens to speculate that Peking University had run out of money.
2026-09-29
On September 29, French President Macron, while meeting with students in Madrid, Spain, said that subsidies received by Chinese companies reach 8 times the OECD average and are undermining Europe's industrial base, that Europe had been too naive in the past, and advocated using trade safeguard measures to maintain fair competition, while also affirming China's post-pandemic innovation achievements.
2026-09-29
According to a Reuters report on September 29, against the backdrop of weak consumer demand, deflationary pressure and a sluggish property market, average travel spending per trip during the 2025 Golden Week was 911.04 yuan, dropping to its lowest level in three years; the survey said only 5% of surveyed travelers planned to stay in luxury hotels, with tourists paying more attention to value for money.
2026-09-28
The CCP Ministry of Commerce released a Mid-Autumn report stating that average daily sales of key retail and catering enterprises rose 0.1% year-on-year, but it made no mention of mooncake sales, and the calculation baseline is disputed.
2026-09-28
Bloomberg reported on September 28, citing people with knowledge of the matter, that China has expanded exit restrictions on top AI talent at private companies to include some family members: spouses and children of executives at AI and chip firms must obtain official approval in advance even for short trips abroad, in an effort to prevent key technologies and information from flowing to the United States. The Ministry of Industry and Information Technology did not respond to a request for comment.
2026-09-28
On September 28, 2026, the U.S. Senate passed the Falun Gong and Victims of Forced Organ Harvesting Protection Act (S.4009), a bipartisan bill introduced by Senators Ted Cruz and Jeff Merkley, by unanimous consent. The bill requires the U.S. President to impose sanctions on foreign individuals who knowingly participate in, assist, or support China's forced organ harvesting, including freezing their U.S. assets, prohibiting transactions, and revoking or denying visas; it directs the Secretary of State to assess whether the Chinese government is systematically engaged in forced organ harvesting and to submit a special report to Congress; and it extends protections to Falun Gong practitioners, Uyghurs, and other prisoners of conscience. The bill was subsequently sent to the House of Representatives for consideration.
Location: Washington, United States ·
Importance IV ·
Verification: Verified ·
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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
Concerned that debt collection practices could affect social stability, police authorities have recently stepped up scrutiny of collection companies and cracked down on violent debt collection. Some collection firms have laid off staff or ceased operations, and the pace of banks' non-performing loan recovery has slowed.
2026-09-28
Japan's Teikoku Databank announced a survey on September 28, listing the revised Counter-Espionage Law, rare earth export restrictions, and price competition with Chinese government-backed companies as business risks in China, and pointing out that deteriorating China-Japan relations and economic stagnation affect corporate decision-making.
2026-09-28
On September 28, the State Taxation Administration issued the National Discretionary Standards for Tax Administrative Penalties (2026 Edition), bringing social insurance contributions within the scope of nationally unified tax penalty discretion. Where an employer fails to pay or underpays social insurance contributions and still fails to pay after being ordered to do so within a specified time limit, a fine of up to three times the amount in arrears may be imposed. The new rules take effect on November 1, 2026.
2026-09-27
During the performance at the Guangzhou Strawberry Music Festival on September 27, the audience took part in a circle-running interaction. A warning notice from the public security authorities was played at the scene, stating that this disrupted order and violated the Public Security Administration Punishments Law. The police had already collected evidence by drone aerial filming and taken away 3 audience members for investigation, sparking widespread dissatisfaction, with the crowd collectively chanting “Refund.”
2026-09-27
According to a submission, Lanzhou Wanli Aviation Electromechanical has arranged for no holidays during the Mid-Autumn Festival and National Day as part of a "100-day sprint," without paying overtime wages.
2026-09-27
In response to the call for tightening their belts, many places across China are welcoming National Day in a frugal manner. Erqi District in Zhengzhou has achieved an old flag reuse rate as high as 82.26%, while Shiyan in Hubei and Jiande in Zhejiang have also adopted cost-saving measures such as reusing materials or relying on existing flowerbeds.
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%.
2026-01
According to data cited in the video, deposits flowing into non-bank institutions such as securities firms and funds totaled about 5.6 trillion yuan in the first five months of 2026.
2026
The video cites data claiming that in 2026 the central government's direct financing was about 13.24 trillion yuan, higher than the full-year 11.86 trillion yuan in 2025; no public source can be found for this figure, while publicly visible data shows about 7.49 trillion yuan of treasury bond issuance in the first half of 2026, and 11.86 trillion yuan of new government debt in 2025.
2026-09-25
On September 25, a netizen submitted a report stating that Shanxi Taiyuan Wanbailin District Lantai Property Group Co., Ltd. has long required employees to work unpaid overtime and weekend shifts, while higher-level leaders and the boss frequently subjected employees to verbal pressure and PUA.
2026-09-25
On September 25, a netizen in Guangdong posted a video showing a factory rushing orders during the Mid-Autumn Festival holiday, with workers standing on a high-speed assembly line rapidly repeating tasks such as processing phone cases, sparking heated discussion online; some complained that the daily wage was only 150 yuan.
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
The video's author lists indicators from the first half of the year — contracting consumption, high-ranking officials falling from power, declines in fiscal revenue and household savings, and rising unemployment and credit defaults — claiming all have set historical records; no unified source can be found for any of the data.
2026-05-08
While the spot market remains calm, approximately 70% of short-selling activities are bypassing public markets, frequently trading in dark pools and aggressively sweeping up short-term options.
2026
In the first half of this year, China’s individual income tax revenue maintained relatively fast growth, but the tax authorities said that a considerable part of that growth came from back taxes and late payment surcharges, showing that strengthening tax collection and administration has become an important source of revenue for local governments.
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.
2026-09-24
On September 24, according to reports from merchants in multiple locations and video footage, prunes and all kinds of fruits, grapes and others in Guangzhou suffered severe unsalable inventory on the eve of the Mid-Autumn Festival, with the market collapsing completely.
2026-09-24
At 11 a.m. on September 24, cauliflower in Nan Dapu Market completely collapsed, with prices falling to 0.2 or even 0.1 yuan per jin and still no one buying.
7月21日
A blogger spent 200 yuan at a supermarket and discovered through a tax invoice that approximately 10% in hidden VAT had been quietly deducted. Netizens pointed out that Chinese supermarkets generally levy a tax of about 10% on daily food items, whereas in the United States, taxes are transparent and basic food items are tax-exempt.
7月22日
The Ministry of Human Resources and Social Security launched the 'National Public Employment Service Map' to provide employment services for graduates. However, just one day after its launch, netizens using software like Amap found that they could not open it, encountering errors such as 'QR code expired' or 'no permission to operate'.
7月22日
Chuanghui Electronics Factory in Ganzhou, Jiangxi is accused of bullying and exploiting summer student workers, ultimately settling wages at only "one yuan per hour." Reports state that under the pressure of economic downturn, capital's exploitation of low-level laborers has intensified.
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.
2026-05
By the end of May 2026, China's foreign exchange reserves rose to $3.44 trillion, reaching a new high since October 2015, but analysts say it is mainly caused by capital controls rather than capital inflows.
2026-06-28
Starting from June 28, 2026, flight clubs in Beijing, Shanghai, Shenzhen, Guangzhou, Suzhou and other locations have been gradually receiving a total grounding notice.
2026-09-24
Reuters reported on September 24, citing Chinese customs data, that despite Xi Jinping's promise last year at the Busan summit to release key rare earths, China's yttrium exports to the US remained at zero in January, May, and June of 2026. The White House claimed in November 2025 that the agreement would effectively lift export controls, but China's suspension list did not include the measure that had placed yttrium under export licensing.
2026-09-24
On September 24, a netizen from Hebei reported that their school notified staff that a lottery would be used to determine the list of teachers required to donate blood. A later update revealed that employees pooled together over 1,000 RMB to hire someone as a substitute donor, and stated that another blood drive would be held in two months.
2026-09-24
Reuters reported on September 24, citing data from GL Consulting, that China's commercial gasoline and diesel inventories have fallen to their lowest levels since 2011 and 2015, respectively; Kpler estimates that diesel inventories are about 20 million barrels below pre-war levels, and gasoline is about 9 million barrels lower.
2026-09-24
According to a netizen submission, the boss of Changlin Restaurant in Nancheng, Dongguan City, subjected an employee to extreme verbal and character insults with a vicious attitude, and subsequently fired them.
2026-06-15
National Committee of the Chinese People's Political Consultative Conference Vice Chairman Wang Yong led multiple financial and statistical officials to Inner Mongolia for research, focusing on investigating computing power, energy, and illegal local financing black accounts.
2026-09-23
US Treasury Secretary Bessent announced that the US and China have agreed to extend the trade truce, originally set to expire on November 10, to January 10, 2027, continuing negotiations on issues such as tariffs, fentanyl, soybeans, and rare earths.
Location: Washington, United States ·
Importance V ·
Verification: Official claim ·
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2026-09-23
China's central bank announced the issuance of 60 billion RMB in central bank bills in Hong Kong on September 23, aiming to drain offshore RMB liquidity to maintain the RMB exchange rate.
2026-09-23
On September 23, at the Party-Mass Service Center in Hebaizhuang, Chengjiao Township, Sheqi County, Nanyang, Henan, after He Xianglin's fundraising scheme collapsed and the funds were suspected to have been absconded with by an upstream operator, a large number of investors showed up to defend their rights; most participants were elderly villagers from various villages, involving about 2,000 households.
2026-09-23
During the peak potato harvest season in Inner Mongolia, pregnant women and nursing mothers from migrant worker families in Sichuan, Henan, and other places brought their children to pick potatoes in the fields. Some piece-rate pay was as low as 1.8 yuan per bag.
2026-09-23
A fire broke out in the Shuangyunli residential community in Xihu District, Hangzhou, Zhejiang Province, and the entire building was engulfed in thick smoke.
2026-09-23
A garment enterprise in Shenzhen issued a notice stating that to ensure normal operations before and after the holiday, the company has suspended leave privileges, requiring all employees to work normally and halting all leave requests.
2026-09-22
Starbucks China stores require employees to hand-draw smiles on every cup of coffee. Those who miss drawing them will receive a secondary warning, and accumulating two warnings will result in the loss of their 13th and 14th-month bonuses or even termination.
2026-09-22
Recently, multiple netizens reported that schools and workplaces have mobilized blood donation by offering holidays, subsidies, or wage deduction threats. Treatment varies drastically, and some participants have been accused of being selfish.
2026-09-22
On September 22, Li Auto released an advertisement in collaboration with actor Xie Mian. Due to its striking similarities in creativity, composition, and camera movement with Volvo's 2013 ad starring Jean-Claude Van Damme, it triggered netizens' accusations of plagiarism.
2026-08-29
On August 29, a dispatch worker posted online that their employer reduced their salary by 1000 yuan without prior notice, and, citing a demand from the discipline inspection commission, ordered them to return nine years' worth of physical examination fees and holiday benefits. The employer claimed that dispatch workers should not enjoy such benefits, leaving the individual feeling helpless due to age and employment pressure.
2026-09-21
On September 20, villagers in Shangliangkeng Village, Dapo Town, Gaozhou, Maoming, Guangdong, clashed with relevant personnel while trying to stop their crops from being forcibly cleared, resulting in one death and three injuries. On September 21, a large number of villagers went to the gate of the Dapo Town government to hang banners for rights defense, with a large number of law enforcement personnel maintaining order at the scene.
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.
2026-09-18
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.
2026-09-20
On September 20, Shangguan Zhengyi posted that at a ton-bag yard in Shiti Village, Xixia County, Nanyang, Henan, a mute woman with deformed hands had been doing hard labor there for many years. The local aid station had intervened a month ago, but her relatives have not yet been found, and her labor compensation and background remain under investigation.
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".
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
2026-09-21
On September 21, in a certain place of Zhejiang, an elderly person with double-arm disability survived by scavenging, only able to open and rummage through trash cans with his feet; the related comment section was subsequently restricted from commenting.
2026-09-19
On September 19, it was exposed that after rectification, the student protection post at Eryumatou Primary School in Wutongqiao District, Leshan, Sichuan, was still manned by elderly people. Previously, parents reported that the protection post increased the burden on dual-income families, and the education bureau had requested the cancellation of mandatory scheduling. The school's system requires protection personnel to hold equipment while on duty and explicitly demands that they promptly stop criminal acts when discovered.
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.
2026-09-20
On September 20, anti-trafficking volunteer Shangguan Zhengyi stated that a video he previously exposed—showing disabled individuals in Huguan County, Changzhi, Shanxi, being forced to do hard labor and suffering from unpaid wages—was restricted by the platform to "private viewing only" on the grounds of "incontaining inappropriate display content." Shangguan Zhengyi questioned the lack of local regulation, stated that similar situations still exist within Changzhi's jurisdiction, and called for an investigation.
2026-09-18
On September 18, during a special governance campaign for e-bikes in Changsha, Hunan, traffic police intercepted e-bikes on the road at 4 a.m. A citizen was intercepted on the spot for failing to wear a safety helmet as required and was fined 20 yuan. The incident sparked heated discussions online, with netizens mocking the excessive law enforcement efforts.
2026-09-16
On September 16, a space under a bridge near Xingfucheng in Longhua District, Shenzhen, was sealed off with iron bars and water-filled plastic barriers. The filmer pointed out that the area was originally a shelter for the homeless from the rain, and this blockade aims to drive away the homeless population, sparking criticism from netizens over urban management methods.
2026-09-18
On September 18, at a shopping mall square in Qiantang District, Hangzhou, multiple disabled individuals performing street art came into conflict with security guards and local police. Chaos and chasing broke out on the scene, with someone scattering white powder, drawing a large crowd of onlookers.
2026-09-04
On September 4, a video showed a woman operating a machine in a textile workshop with her young child on her back. The surrounding environment was messy and equipment was running continuously, posing serious safety hazards and triggering strong criticism from netizens regarding factory management and labor living conditions.
2026-09-16
On September 16, a netizen shared chat logs from applying for a nurse position, revealing that private clinics engage in illegal hiring practices such as 8-to-10 shifts, one-day weekends, and no social security. Subsequently, multiple nurses chimed in with exposures, stating that during their work in private clinics, they were often required to take on non-medical tasks like cooking, grocery shopping, and cleaning, with extremely low pay.
2026-09-17
On September 17, a food delivery worker in Jiangsu fell asleep from extreme fatigue at a traffic light intersection while making a delivery at 2 AM. The incident resonated with many netizens, as several delivery workers reported suffering fractures from falling after dozing off while riding, reflecting the survival dilemma under high-intensity labor in the delivery industry.
2026-09-20
Public commentary points out that Chinese tech companies process data at a low cost by exploiting domestic labor, thereby enabling the distillation and application of foreign artificial intelligence models, which has sparked concerns over technological ethics and labor rights.
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.
2026-09-20
To pass Walmart's social responsibility audit, Guangxi Wuzhou Tianmijia Bee Industry required employees to memorize false statements to cover up long-term mandatory overtime without days off, wage withholding, illegal employment practices, and lack of fire safety facilities, while also carrying out hasty temporary renovations to cope with the inspection.
2026-09-20
On September 20, a netizen in Xiongan, Hebei posted that the police came to their home and confiscated a toy gun bought online, and then seized their high-spec computer on the grounds of video game addiction, only returning it after forcing them to sign a guarantee letter stating it was "voluntarily handed over for safekeeping."
2026-08-30
On August 30, a blogger tested the purchasing power of sanitation workers in Heze, Shandong. The interviewed worker had a monthly salary of only 600 yuan, working 4 to 5 hours a day with no weekend holidays. The blogger conducted a shopping test based on a daily wage of about 20 yuan, sparking discussions among netizens about low wages and the lack of social security.
2026-09-19
At the Tsinghua Wudaokou Chief Economists Forum, four scholars—Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei—concentrated their efforts to call on the central government to adopt expansionary fiscal policies and bail out local government debt.
2026-09-12
On September 12, as Shandong Zaozhuang Tengzhou Urban Construction Group failed to repay the principal and interest of a loan upon maturity, multiple investors gathered at the entrance of the company headquarters for rights defense, demanding an explanation from the company.
2026-09-19
Yunnan Jiuji Technology Co., Ltd. (Jiuji Network) internally implements a "Striving Value" system, quantifying employees' overtime hours and daily behavior as core indicators for performance appraisal and daily management.
2026-09-19
A business outlook survey conducted in Hong Kong for the third quarter showed that only 10% of 570 large companies were optimistic about the economy in the next quarter.
2026-09-19
According to comments, New Hope Group founder Liu Yonghao (Liu Yonghao) was once China's richest man; the group is now burdened with over 80 billion yuan in debt, a debt-to-asset ratio exceeding 70%, and is mired in a severe debt crisis.
2026-09-19
According to comments, governments across China charge fees for graves on the grounds that land belongs to the state; graves whose owners don’t pay are bulldozed as ownerless graves, and families of the deceased are being made to pay everywhere.
2026-09-19
On September 19, a Bilibili blogger posted a video claiming that Lucky Cup staff earn a monthly salary of 3,000 to 4,000 yuan, with no days off each month and 15 hours of work per day, equivalent to an hourly wage of about 8.89 yuan, lower than the price of a 9-yuan drink in the store, sparking heated discussion among netizens.
2026-09-19
Great Wall Fund announced on September 19 that the fund has risen nearly 23% since its inception, but its net asset value fell below 50 million yuan for 50 consecutive business days, triggering contract termination; just over a year after its establishment, it entered liquidation and redemptions were suspended.
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.
2026-09-18
Manufacturing assembly line workers use the term "airplane speed" (feijila) to describe the extremely fast pace of the factory line, which operates at high speeds like an airplane. This term refers to high-intensity "screw-tightening" work, reflecting the harsh working environment and physical and mental stress faced by grassroots laborers.
2026-09-14
On September 14, the US Department of Justice accused two Hong Kong-registered companies, Blessed Trust and Hexa Whale, of using Binance accounts to launder money for the Iranian government and the Islamic Revolutionary Guard Corps. The case involves over $1.5 billion in Iranian oil proceeds, and the US has filed to seize $61 million in previously frozen cryptocurrency assets.
2026-09-16
On September 16, JD.com food delivery riders reported that the platform's rest function has been changed to require approval from station managers. If not approved, the platform will continue to force orders on them. This mechanism has now been widely implemented across the country, sparking concerns among riders about the infringement of their labor rights.
2026-09-18
Data released by the Ministry of Finance shows that national general public budget revenue rose 5.7% year-on-year from January to August, while income from the transfer of state-owned land use rights plunged 28.6%.
2026-09-18
On the anniversary of the September 18 Incident, official media in Zhumadian, Henan released a video showing e-bike owners voluntarily getting off their vehicles to observe a moment of silence during an air raid siren, which led to a traffic jam and sparked mockery from netizens.
2026-09-18
Recently, a video showing a worker in Jiangxi holding his breath and diving into filthy sewers for cleaning and dredging operations without any safety protection measures has sparked widespread discussion in society regarding labor safety guarantees.
2026-09-18
According to the blogger in the video, the EU has been in long-term talks with China over Chinese dumping in the EU of new energy vehicles, steel, medical equipment and other products, and has set October of this year as the final deadline. If the negotiations break down, the EU market will be closed and the relevant Chinese products will be unable to enter.
2026-09-18
Fujian's Department of Human Resources and Social Security, Department of Finance, and Taxation Bureau issued a notice on September 18, setting the upper limit of the pension insurance contribution base at 22893 yuan and the lower limit at 4579 yuan, and requiring back payment of the difference after January 1, 2026, with no late fees if paid in full before the end of December.
2026-09-18
With about 9 days left before the Mid-Autumn Festival, mooncakes on the market have already begun to be heavily promoted to clear inventory: 298-yuan gift boxes are sold at half price, and 98-yuan gift boxes have been marked down to 29.9 yuan. Some merchants say mooncake sales this year are expected to plunge, and suggest customers give practical gifts such as rice and cooking oil instead.
2026-09-17
On September 17, Bloomberg reported that when screening the list of business delegates accompanying Xi Jinping on his visit to the US, the Chinese side not only considered potential commercial deals, but also focused on evaluating the entrepreneurs' political loyalty and demanded that they avoid overshadowing the leader. Currently, senior officials such as Cai Qi are reviewing the list, with BYD founder Wang Chuanfu under consideration.
2026-09-17
On September 17, volunteer Shangguan Zhengyi exposed that a disabled man in Huguan County, Changzhi City, Shanxi Province, had been illegally held by a foreman and forced to perform hard labor at a cattle farm for over 30 years. The man claims to be from Henan, and his wages were withheld by the foreman, who claimed the man was "picked up." After Shangguan Zhengyi reported the case to the police, local authorities failed to respond within 25 minutes. The man's identity and the details of his confinement are still under investigation.
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
In many places of Jiangxi Province, cases have emerged where individually registered businesses that had been canceled were forcibly reinstated in tax registration by tax authorities, sparking widespread concerns among the accounting industry and netizens about the government's intensified tax collection efforts and fiscal pressure.
2026-09-15
Starting September 15, Shanxi Province implemented new e-bike regulations prohibiting electric bicycles from carrying two children at the same time. This move has caused commuting difficulties for multi-child families. Furthermore, schools failed to emphasize safety during publicity campaigns, instead demanding parents not to bring disgrace to the school, triggering public controversy.
2026-09-15
On September 15, the Wall Street Journal reported that China's blueberry industry, driven by illegal propagation of foreign protected varieties and bank credit, achieved a surge in production, leading to overcapacity and price wars. A breeding company’s investigation found that a nursery in Yunnan was obtaining cuttings of protected varieties through illegal channels.
2026-09-17
On September 17, it was reported that Huawei AITO has withdrawn from the Harmony Intelligent Mobility Alliance and Huawei retail stores. Related claims suggest that Seres will take full control of AITO, possibly due to chaotic operational conditions at AITO and internal changes within Huawei. The source did not provide official statements from Huawei or Seres, only stating that this adjustment has already occurred and describing it as a sudden withdrawal by Huawei from the relevant business system.
2026-09-17
Changsha has started a large-scale crackdown on e-bikes. Online rumors claim the trigger was a delivery worker colliding with the Deputy Secretary of the Hunan Provincial Party Committee. The official notification did not respond to the rumors.
2026-09-15
On September 15, a blogger posted a video comparing the hourly wages of cleaners in Germany with the treatment of cleaners in China. The video satirized the idea that the so-called purchasing power advantage of the RMB is actually built upon cheap labor, sparking discussions among netizens regarding labor value and social security.
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
On September 17, Bloomberg cited people familiar with the matter as saying that when China screens the entrepreneurs for Xi Jinping's US visit, in addition to considering potential US business deals, it also weighs their loyalty to the Chinese Communist Party (CCP) and whether they can avoid stealing the spotlight. Senior officials such as Cai Qi are reviewing the delegation list, and BYD founder Wang Chuanfu is under consideration.
2026-09-17
An NPR interview with US and Chinese officials on September 17 disclosed that ahead of the Trump-Xi meeting, the two sides were still jockeying over issues such as state banquet seating (about 100 tables versus about 200 people in 2015), rare earth export controls and the delay of chip restrictions (expiring on November 10), and an order for 200 Boeing aircraft. China once proposed extending the suspension of rare earth controls until January 2029, but the US side rejected it.
2026-09-17
On September 17, Peking University issued the "Implementation Measures for Fulfilling the Requirement of Tightening Our Belts," strictly controlling expenditures on meetings, business travel, and asset procurement, explicitly prohibiting holding meetings at 21 scenic spots including Huangshan and Jiuzhaigou. Recently, Beijing Forestry University, Anhui Jianzhu University, and several other universities have also successively issued detailed rules to curtail administrative extravagance.
2026-09-17
In the first half of 2026, large banks were net sellers of ultra-long-term government bonds with maturities of more than 20 years to the tune of 911.6 billion yuan, while small and medium-sized banks were net sellers of 321.5 billion yuan of such bonds and net buyers of 1.98 trillion yuan of short-term government bonds with maturities of less than one year. Meanwhile, rural commercial banks have deposit costs of about 1.6% to 1.9%, while the yield on one-year government bonds is only about 1.2%. Banks are buying bonds at a loss, reflecting the pressure of an asset shortage and an inverted rate spread.
2026-09-17
Around August 2026, the bill financing rate fell to 0.94%, below the 0.95% one-year listed deposit rate at major banks, meaning banks' bill discounting can no longer cover deposit costs.
2026-09-17
From September 16 to 17, 2026, the National Advanced Manufacturing Conference was held in Beijing. Li Qiang, Zhang Guoqing, and Wu Zhenglong attended. Xi Jinping himself did not attend; Xinhua News Agency only reported on its front page on September 17 that he had given important instructions on developing advanced manufacturing.
2026-09-17
On September 17, a netizen posted on Xiaohongshu (RedNote) claiming that a Chinese-funded project near the port of Ust-Luga, Russia, only offers one day off per week and allows employees to go out only once a month. Performance bonuses are withheld during leave, and there is evidence of nepotism. The netizen advised fresh graduates against working there. The netizen did not name the company, but according to public information, it is suspected to be the Baltic Chemical Complex project contracted by China Chemical Engineering Seventh Construction Co., Ltd.
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.
2026-09-15
On September 15, Hongmeng Smart Mobility announced that the definition, marketing and service of the Wenjie product would be taken over by Seres, with Huawei only providing empowerment. The news sparked concerns of car dealers selling off, and Seres' stock closed down 5.09% that day, after having turned from profit to loss in the first half of the year.
2026-09-16
An employee of the milk tea shop “Yidian Dian” discovered a foreign object in the black tea, reported it to quality control and was instructed to remove it and continue using it. The employee later applied for arbitration due to an irregular labor contract, and the company sent someone to his grandparents’ home to threaten them in order to force him to give up defending his rights.
2026-09-15
On September 15, Reuters reported that China's vehicle manufacturing profit margin has fallen to 1.5%, a ten-year low. Despite a 9.13% increase in revenue in the first half of the year, GAC Group reported a net loss of 4.467 billion yuan. On September 14, GAC announced plans to acquire equity in a joint-venture automaker under FAW Group; market speculation suggests the target may be FAW Toyota, aiming to promote the integration of northern and southern Toyota operations.
2026-09-16
At 11:00 AM on September 16, 2026, Hong Kong Chief Executive John Lee announced the first five-year plan in Hong Kong's history at the Legislative Council. The plan consists of 7 parts and 28 chapters, totaling over 60,000 words, and proposes 22 major indicators, 5 of which are binding. The plan covers targets such as land supply in the Northern Metropolis, innovation activities, industrial development, students, and tourists, requiring relevant indicators to be completed as scheduled.
2026-09-16
The Federal Reserve raised interest rates by 25 basis points at its policy meeting, moving the federal funds rate into a range of 3.75% to 4%, while the 10-year Treasury yield touched 5.3% intraday, its highest level since 2007.
Location: Washington, United States ·
Importance IV ·
Verification: Verified ·
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2026-09-16
Bloomberg revealed that Central Office Director Cai Qi is personally reviewing the list of accompanying business magnates, including BYD's Wang Chuanfu, and has set multiple strict screening criteria.
2026-09-15
On September 15, a garbage site in a certain area of Shandong displayed a sign prohibiting picking up trash and imposing a fine of 500 yuan, sparking heated discussion among netizens.
2026-09-16
On September 16, Chinese Communist Party official media announced that the Pinglu Canal, connecting Hengzhou in Nanning with Beibu Gulf, has officially opened to navigation. Construction of the canal began on August 28, 2022. With a total length of 134.2 kilometers, it is a Class I inland waterway capable of accommodating 5,000-ton vessels. The total volume of earth and rock excavation reached 315 million cubic meters, and it is touted as setting four world records.
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.
2026-08
A work schedule for August from a new energy vehicle supplier shows that employees worked 31 days without a single day off, totaling 474 hours of work. With a total income of 10,428 yuan, the average hourly wage is 22 yuan, reflecting the extreme labor intensity faced by grassroots workers.
2026-09-15
Recently, multiple posts on platforms like Xiaohongshu (RedNote) have surfaced, showing that many enterprises are still being required to pay back individual income tax, verify undistributed profits, or restore tax registration after deregistration. Some enterprises have even been pursued for taxes two years after deregistration, and systems are blocking instant deregistration due to "declared income being less than platform-reported income," sparking widespread criticism from netizens.
2026-09-05
On September 5, a screenshot showing that security personnel for the Shanghai China GT Chinese Supercar Championship earned only 60 yuan per day attracted public attention. Netizens used this incident to discuss how labor dispatch and multiple layers of outsourcing lead to mismatched compensation and risk, pointing out that systemic exploitation of the grassroots can cause a loss of society's ability to respond to crises.
2026-09-15
According to revelations, on September 15th, the Deputy Secretary of the Hunan Provincial Party Committee was allegedly knocked down by an electric bicycle ridden by a delivery worker while on a private visit in disguise during his vacation, triggering a subsequent large-scale rectification campaign.
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.
2026-09-13
On September 13, 2026, a ride-hailing driver in Suzhou, Jiangsu Province, was found dead in his car. He had been deceased for two or three days before being discovered, and the police set up a cordon to handle the scene. Local peers reported that due to overcapacity, high platform commission rates, and low-priced orders such as 'fixed-price' fares, drivers are forced to drive for long hours under extreme fatigue.
2026-09-13
On September 13, during the Harbin Marathon in Heilongjiang, a large number of university student volunteers were arranged to stand guard for free at race supply stations on a bridge in heavy rain, maintaining supply tables and squatting on the ground to seek shelter from the rain. Volunteers on-site revealed that it was entirely unpaid volunteer service, with no compensation, receiving only bread, sausages, and milk as brunch.
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
According to a report by The Wall Street Journal, China’s blueberry production has grown about 25 times compared with 2010, and its output in 2025 is roughly twice that of the United States.
2026-09-15
Hit by the impact of the Middle East conflict on global energy markets, the average price of diesel in the United States has risen to about $6.20 per gallon, a record high, while Europe also faces pressure to replenish its natural gas stocks before winter.
2026-09-15
In September 2026, a machinery manufacturing plant in Shenzhen announced its relocation to Ho Chi Minh City, Vietnam, reflecting the trend of manufacturing moving overseas.
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
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, a factory job posting in Shenzhen was exposed online: a monthly salary of 3,800 to 4,500 yuan, 10 hours of work per day, and only 2 days off per month, sparking attention toward working conditions in first-tier cities.
2026-09-15
In September 2026, a woman doing odd jobs at a factory said online that a factory in Changzhou, Guangzhou stipulates that workers who fail to reach the output quota (100 units per hour) receive an hourly wage of only 13 yuan, and that she herself completed only two to three hundred units a day.
2026-09-15
In September 2026, a post circulated online showing that a female day laborer worked a full 30 days and over 450 hours in a month, about 15 hours a day, for a monthly income of only five or six thousand yuan.
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.
2026-09-11
On September 11, 2026, a Huawei exclusive store in Zhejiang Province forced two on‑the‑job employees to perform compulsory deep‑squat punishments, requiring them to squat continuously in place for dozens of times. Passersby on the scene witnessed and recorded the whole incident on their phones; the video later spread on social platforms, sparking netizens’ doubts and criticism of the company’s labor practices. The store has not issued any public response.
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
China's central bank released August financial data. New renminbi loans nationwide totaled only 59.1 billion yuan, while household loans fell by a net 202.9 billion yuan.
2026-09-12
On the evening of September 12, 2026, homeowners in the Cuiping Bay community of Baqiao District, Xi'an protested against unreasonable property fee charges. Video from the scene shows the owners shouting "Is there any law?" before police used violent methods to maintain order and arrested several protesters. The incident was shared online by netizens, who accused the police of abusing their authority.
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 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
Aggregate financing in August was 1.66 trillion yuan, down 35% year on year, of which net government bond financing was 1.01 trillion yuan, accounting for 60.8%, while RMB loans to the real economy were only 60 billion yuan, or 3.6%.
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.
2026-09-14
In the first 8 months, direct financing totaled 12.03 trillion yuan, accounting for 50.31% of aggregate social financing; of this, government bonds were 8.77 trillion yuan, accounting for 72.9%, corporate bonds were 2.79 trillion yuan, accounting for 23%, and equity financing was only 470 billion yuan, just 3.9%.
2026-09-12
On September 12, 2026, Jianlu Clothing Co., Ltd. in Suqian, Jiangsu Province was exposed by a current employee who claimed that in August 2026 the company arranged employees to work more than 350 hours, and also deducted overtime pay, failed to fully pay social insurance, and covertly forced employees to resign. The employee said that long-term excessive overtime had caused serious bodily damage. Subsequently, the employee submitted a report to the local labor inspection department and formally delivered a "Notice of Forced Termination of Labor Relationship" to the company.
2026-09-12
On September 12, a recruitment notice for Harbin Marathon security staff appeared online, requiring work from 5 p.m. that afternoon until 2 p.m. the next day, about 21 hours in total. The employer offered only 160 yuan salary plus a 20 yuan meal allowance, and demanded applicants provide their own food, lodging, tents and other equipment, and spend the night on the street. Some members in the recruitment group questioned the mismatch between workload and pay, and netizens in the comments criticized it as low‑human‑rights exploitation, saying “less than nine yuan per hour.” This notice has sparked attention and controversy over the labor system for security at large events.
2026-09-12
On September 12, a blogger was live-streaming a test of Li Auto's latest smart driving system when the vehicle, despite a large vehicle passing quickly, accelerated out of a side road onto the main road at 37 km/h. The blogger narrowly avoided a collision by slamming on the brakes. The blogger later revealed that this dangerous situation had occurred multiple times, and the live stream was subsequently banned.
2026-09-11
On September 11, a netizen revealed that a Uniqlo employee who requested to use the restroom due to diarrhea was denied by the store manager, who cited insufficient staff. The netizen claimed that leaving the post without approval faces a warning or dismissal, and using the restroom for more than 5 minutes is criticized. Related comments were deleted and controlled.
2026-09-13
In September 2026, the owner of a small supermarket in the countryside said that customers are now reluctant to spend a single penny, there is almost no one on the street, goods are piling up in the store and cannot be sold, manufacturers' promotional activities attract no attention, and supply salespeople are frequently replaced.
2026-09-11
On September 11, the China Securities Regulatory Commission (CSRC) publicly announced administrative penalty decisions, imposing fines and market entry bans on Chen Guanghua, Zong Jianshu, Ma Xingrui, and Lu Runkai for fabricating and disseminating false information about tax rate adjustments. The individuals involved disrupted the securities market through this act, but none had illegal gains.
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.
2026-09-12
At the BRICS summit in New Delhi in September 2026, the concept of a unified BRICS currency pushed by China was not included in the New Delhi Declaration; the declaration only mentioned expanding the use of local currencies for settlement and interconnecting payment systems. India stated clearly that there is currently no proposal to establish a unified BRICS currency.
2026-09-10
On September 10, news spread on social media platforms that BYD had suspended profit-sharing bonuses for the 2025 fiscal year. After an internal employee posted to confirm this, they were called in for a talk and forced to delete the post. Meanwhile, multiple employees leaked that they had not received pay raises for a long time, housing subsidies had decreased, and performance bonuses had dropped, leaving concentrated satirical satirical own comments under the company's official account.
2026-09-11
On September 11, Enflame Technology, referred to by the media as the Chinese version of Nvidia, was listed on the STAR Market, closing 179.22% higher than the issuance price with a market value exceeding 170 billion. Prospectus materials show its 2025 revenue was 990 million yuan, with a net loss of 1.16 billion yuan, and the largest shareholder Tencent contributed 83.79% of the total revenue. Analysis suggests the surge was primarily driven by short-term IPO subscription funds.
2026-09-10
A teacher in Wuhan posted a video exposing their August salary of only 120 yuan, received on Teacher's Day. They were deducted 1800 yuan due to being on sick leave since June after an injury and the student enrollment not meeting the required standard. Although the Wuhan Municipal Human Resources and Social Security Bureau accepted their work-related injury claim application on August 3rd, the result is pending and they have to cover their own surgical expenses. Their appeals to superiors have been fruitless.
2026-09-10
On September 10, a netizen in Beijing filmed a challenge to find 100 jobs without weekends. In the video, a low-level security guard revealed that he did not have a single day off last month, working 12 hours a day, approximately 84 hours per week, and had no social security contributions such as the five insurances and one fund.
2026-09-11
Rumors are going viral online that Huawei boss Ren Zhengfei's entire family left their Shenzhen home in the early hours of September 11 by chauffeured car, heading for the Dapeng Peninsula in an attempt to leave the country via a private island, sparking heated discussion.
2026-09-10
On September 10, a video revealed that brands like Starbucks have 8 to 9 days off per month, while others like Bawang Chaji have only 4 days. Netizens left comments confirming this and calling for the implementation of two-day weekends.
2026-09-11
On September 11, the Central Commission for Discipline Inspection and the National Supervisory Commission together with the Ministry of Finance jointly reported six cases of local government hidden debt, naming Anhui’s Jieshou, Jiangxi’s Jiujiang and Ningxia’s Yinchuan for falsifying, misappropriating or using new loans to repay old ones, with “debt‑conversion fraud” amounts totaling 2.94 billion yuan, and also mentioned the issue that during Wu Shenghua’s tenure as former party secretary of Bijie, Guizhou, debt increased rather than decreased.
2026-09-11
The Central Commission for Discipline Inspection and the National Supervisory Commission, along with the Ministry of Finance, reported on September 11 that Jieshou, Anhui, only repaid 42 million yuan in debt but reported 182 million yuan, falsifying its debt reduction achievements.
2026-09-11
The Central Commission for Discipline Inspection and the National Supervisory Commission, together with the Ministry of Finance, announced on September 11 that Jiujiang in Jiangxi repaid old debts by taking on new ones and counted 1 billion yuan as a debt resolution result.
2026-09-11
The Central Commission for Discipline Inspection and the National Supervisory Commission, together with the Ministry of Finance, announced on September 11 that of the 2.958 billion yuan in debt-resolution funds in Yinchuan, Ningxia, only 1.158 billion yuan was actually used to repay debt, while the remaining 1.8 billion yuan was used for corporate operations, yet all of it was recorded in the debt-resolution system.
2026-09-11
A September 11 notice from the National Commission of Supervision and the Ministry of Finance mentioned that during the tenure of Wu Shenghua, former Party Secretary of Bijie, Guizhou, the outstanding debt balance rose instead of falling, with the 2024 debt resolution task completion rate at only 20%, ranking last in the entire province. He once said, "The debts were all incurred by my predecessors — why should I be the one to pay them back?"
2026-09-11
A blogger visited multiple bubble tea and dessert shops to investigate labor conditions. Employees reported working shifts of about 9 to 10.5 hours a day, with only 3 to 4 days off per month, and only one shop had relatively better labor conditions.
2026-09-09
On September 9, Haidilao shareholders reduced their holdings to cash out 2.75 billion HKD, coinciding with the implementation of new tax regulations for Chinese offshore trusts, leading to a sharp drop in stock price.
2026-09-07
A hot pot restaurant owner in Nantong, Jiangsu, claimed during a live stream that they work 17 hours a day, and influencer Yongge's defense of them has sparked public opinion controversy regarding employee shareholding and exploitation.
2026-09-07
"Now the general environment is poor, the only way is to trade time for it." On September 7, a hot pot restaurant owner in Nantong, Jiangsu, connected with Yongge, stating that the shop operates from 11 AM to 4 AM, 17 hours a day, "basically without rest," which has continued for two or three months. Upon hearing this, Yongge exclaimed: "My goodness, 17 hours!" The owner responded: "Now the general environment is poor, now the only way is to trade time for it." The shop... #RebelAcademy
2026-09-08
Chery Automobile employees posted on an internal forum questioning the ban on combining holidays during the Mid-Autumn Festival and National Day, sparking resonance among employees regarding high-pressure overtime and strict leave policies; the post was subsequently deleted.
2026-09-04
Videos posted by netizens in Chifeng, Inner Mongolia, show that more than 200 workers picking potatoes were housed in simple sheds, with men and women sleeping together in large open dormitories, and the living environment was extremely primitive.
Location: Chifeng, Inner Mongolia ·
Importance II ·
Verification: Reported ·
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2026-09-10
The CCP's National Development and Reform Commission and the State Administration for Market Regulation issued NDRC Price [2026] No. 1303, the "Notice on Matters Concerning Cost Accounting for Low-Price Disorderly Competition in Important Industrial Products," stipulating that important industrial products must not engage in low-price disorderly competition, and determining a cost floor price for enterprises through administrative means.
2026-09-10
During a field exercise in Chittagong, Bangladesh, a Chinese-made T-59 modified tank suffered a barrel burst while conducting main gun firing training. The accident was recorded by cameras from multiple angles, killing two officers and soldiers and seriously injuring one officer, similar to a 2024 barrel burst accident involving the same tank type at the same location.
2026-09-09
On September 9, after airstrikes broke out in the Middle East, Brent crude oil futures surpassed $100 per barrel; previously, the international benchmark oil price had reached $100 in July and fallen below $80 in early August.
2026-09-09
On September 9, 2026, hit by the escalation of the US-Iran conflict, international oil prices once again surged past $100 a barrel, the average US gasoline price rose 7 cents overnight to $4.22 a gallon, European natural gas prices rose in step, and markets worried that disruptions to shipping through the Strait of Hormuz would further hit global energy supplies.
2026-09-09
A Tastin store in Shandong restricted employees' restroom use by requiring them to make up the time, forced them to clock in early and clock out late, and coerced employees into signing contracts voluntarily waiving their social security.
2026-09-09
On September 9, screenshots posted by a Shandong netizen revealed that a Tastien store required employees to clock in 5 minutes early and clock out 5 minutes after their shift ended, and stipulated a fine of 20 yuan for being 1 minute late.
2026-09-09
Before heading to Texas on September 9 for a Republican event, Trump said that the war with Iran would end after the U.S. midterm elections, at which point oil prices would drop sharply and gasoline prices could ultimately fall below $2 a gallon.
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.
2026-09-08
In 2023, China's passenger car production capacity had already reached 55 million units, and it is now at least 60 million units, while actual automobile output is about 34.4 million units, with capacity utilization of at most 50%. The idle capacity is mainly concentrated in domestically produced electric vehicles.
2026-09-08
According to a report by Yicai, the first cohort of the university-student high-skilled talent program at Wuxi Technician College in Jiangsu Province opened on September 8, with a total of 36 trainees, 13 of whom hold bachelor's degrees. They will receive two years of training, starting out as technician apprentices.
2026-09-08
Huawei rolled out the so-called “Striver Application Form,” requiring employees to voluntarily give up holidays, overtime pay and other basic labor rights. This practice was later imitated by a number of Chinese companies.
2026-09-08
According to an analysis released in September 2026, China's massive subsidies for electric vehicles mainly began in 2015, and the cumulative scale of direct and indirect subsidies is projected to have reached 3 trillion yuan.
2026-09-08
According to data from the China Association of Automobile Manufacturers, China's automobile exports reached 5.096 million units in the first half of 2026, a year-on-year increase of 65.3%.
2026-09-08
Under the impact of domestically produced electric vehicles, joint-venture brands' sales in the Chinese domestic market fell 44.1% in July 2026.
2026-09-08
Former auto giant Ford has been retreating step by step in the Chinese market, and has even exited the Chinese market.
2026-09-08
Chinese car sales in Thailand have overtaken Japanese cars, breaking the long-standing dominance of Japanese automakers in the Southeast Asian market; in Australia they have also surpassed Japan to become the largest source country of car imports.
2026-09-08
China's photovoltaic industry accounts for 90% of the global market, but it also suffers from overcapacity, leading to consecutive losses across the sector.
2026-09-08
In the comments section of an avoid-this-brand post on Xiaohongshu on September 8, a netizen pointed out that Pop Mart's contract factory has no days off in a busy month, 8 a.m. to 9 p.m. shifts are common, and the hourly wage is 10 yuan, urging people to avoid it.
2026-09-07
Xinhua News Agency reported on September 7, 2026 that eight major state-owned financial institutions, including the Industrial and Commercial Bank of China and the Agricultural Bank of China, simultaneously issued capital increase announcements, planning to raise 360 billion yuan to replenish capital through the issuance of special treasury bonds and capital injections from the Ministry of Finance, among other means.
2026-09-07
On September 7, Taiwan's International Trade Administration under the Ministry of Economic Affairs stated that it will step up penalties against operators engaged in illegal transshipment, imposing an additional fine of NT$600,000 per customs declaration for cases of false origin labeling, and that it has established a high-risk manufacturer list and asked customs to strengthen inspections.
2026-09-06
On September 6, the NetEase News app published an article discussing class solidification and the survival pressure on young people, which was subsequently deleted across the entire internet, sparking widespread discussion about economic downturn and deflation.
2026-09-06
According to a report by Yicai, on September 6, Shandong Chemical Technician College welcomed 320 university graduates for enrollment and registration, among whom undergraduates accounted for 60.6%, junior college graduates 38.8%, and master's degree students 0.6%. Since 2019, the college has offered order-based classes for college graduates who left school without finding employment, and has enrolled more than 1,400 people in total.
2026-09-05
A worker said that after completing a month of work with 12-hour shifts rotating between day and night, he resigned without another job, believing such work cannot be sustained long-term.
2026-09-05
In a Zhihu Q&A, a netizen revealed that Xingyu's layoff of fresh graduates was taken to the EU, and said that the student had previously gone through the labor arbitration process, reporting up the line all the way to the municipal Party secretary, and that all of them concluded the company's layoffs were not in violation and there was no subsidy fraud.
2026-09-05
Reports claim that on September 5, 2026, after fresh graduates laid off by Changzhou Xingyu Co., Ltd. filed complaints with overseas institutions, the local labor department and officials reversed their position and ruled that the company's layoffs were illegal while avoiding accountability for subsidy fraud; related discussions on Zhihu were deleted.
2026-09-04
Reuters reported on September 4, citing sources, that some Chinese rare earth suppliers, even while holding export licenses, are refusing to ship to the US out of concern that Beijing could hold them accountable or that the materials could be resold to restricted end users; the total number of companies involved could not be confirmed.
2026-09-04
On September 4, 2026, Musk posted to announce that the motors of Tesla's Cybercab robotaxi have completely freed themselves from reliance on rare-earth metals, seen as a key technological breakthrough in responding to China's supply-chain control over rare-earth export restrictions.
2026-09-04
On September 4, 2026, several grassroots community medical workers and staffed teachers in Shaanxi reported on social platforms that their wages were in arrears and performance pay had been suspended. Some employees with official staffing status said they were burdened by mortgages and even had to consider taking out loans in order to keep working.
2026-09-03
On September 3, 2026, New Yellow River reported that Changzhou Xingyu's full-time production employees fell by more than 40% in 2025, while labor outsourcing hours surged 25.9% against the trend, and mass contract cancellations by fresh graduates occurred one after another.
2026-09-03
On September 3, 2026, an AITO car owner posted a video revealing that while filming the old battery during a faulty power battery replacement at a 4S dealership, after-sales staff snatched his phone twice and forcibly unlocked his photo album to delete the photos.
2026-09-03
On September 3, 2026, a netizen published a post exposing that dispatched workers at JD.com's Shanghai Asia No. 1 warehouse account for as much as about 70%, allegedly violating the statutory red line on employment, with working hours exceeding 13 hours and strict meal and rest conditions.
2026-09
With local finances strained and land transfer fees plunging, Chinese tax authorities have launched a large-scale tax recovery campaign targeting the wealthy and corporations, focusing on tracing trust assets in Hong Kong and overseas.
2026-09
At the GT China race venue, a racing accident occurred, the vehicle caught fire, rescue personnel responded slowly, and driver Ollie Millroy was seriously injured.
2026-09
As the lives of ordinary people grow ever harder, the Chinese Communist Party authorities seem to turn a blind eye to their suffering, continuing to tout a bright outlook for China’s economy and calling on all sectors of society to revel in economic prosperity.
2026-09
US Ambassador to China David Perdue has posted repeatedly on social media, accusing China of weaponizing rare earths and other critical materials and holding the whole world hostage, stressing that he will never accept living in a business world where one must bow and scrape to China.
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
Netizens reported that the organizer offered a daily salary of 3000 yuan for safety officers, but after multiple layers of subcontracting through recruiters and security companies, the two on‑site staff each received only 60 yuan per day.
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
BYD announced the recall of more than 180,000 related vehicles because fiber blocks on the brake pedals of some cars may crack and come loose, causing the brake lights to stay on.
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 Yonghui Supermarket in Xiamen, which had been in operation for 17 years, has ceased business. Related videos cite it as an example of the local consumption and commercial downturn.
2026-09
An elderly person in Tianjin had their handicrafts forcibly confiscated by law enforcement officers while selling them at a street stall, sparking public concern and condemnation over the hardships faced by ordinary people at the bottom of society.
2026-09
According to a South China Morning Post report on October 8 citing people familiar with the matter, when Trump met Xi Jinping in Washington in September, he urged China to lift export restrictions to Japan including rare earths, saying they threatened US industry and violated the China-US Busan trade truce agreement, and also pushed for a meeting between Xi Jinping and Takaichi Sanae, but Xi Jinping did not respond actively, instead warning of an increased risk of the rise of Japanese militarism.
2026-09
Amid soaring bad loans and inadequate capital at major state-owned banks, China's Ministry of Finance issued 300 billion yuan in special treasury bonds in September 2026 to replenish the capital of major state-owned banks such as the Industrial and Commercial Bank of China, Agricultural Bank of China, Bank of China, and China Construction Bank.
2026-09
In 2026, the central bank has neither cut the reserve requirement ratio nor lowered interest rates. The 7-day reverse repo rate of 1.4% and the LPR (1-year at 3%, 5-year at 3.5%) have gone unadjusted for 16 consecutive months since May 2025.
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
Through issuing special treasury bonds that were subscribed by banks and then converted into targeted share issuances, the Ministry of Finance injected 500 billion yuan in 2025 and 300 billion yuan in 2026, a total of 800 billion yuan, to replenish the core tier-1 capital of the big banks, making Central Huijin the largest shareholder of the four major banks.
2026-09
Local hidden debt fell from 14.3 trillion yuan at the end of 2023 to 6.5 trillion yuan at the end of 2025, a decrease of 7.8 trillion yuan; over the same period, local statutory debt rose from 40.7 trillion yuan to 54.8 trillion yuan, an increase of 14.1 trillion yuan, with the swap mainly addressing the interest problem.
2026-09
By the end of 2025, over 82% of financing platforms had exited, most of them by being renamed as operating financial debt; an estimated 5 to 7 trillion yuan remains. Policy requires platforms to completely sever government credit before June 30, 2027, with a measurable stock of 9.87 trillion yuan.
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 mid-September, during Xi Jinping's visit to India, overseas Chinese social media platforms were flooded with claims that Ren Zhengfei, Meng Wanzhou, and more than ten other family members had gone missing and might have fled to a small island overseas via Shenzhen's Dapeng Peninsula. Screenshots purporting to be internal Huawei conversations and videos allegedly showing armed police surrounding Huawei's Shenzhen headquarters also circulated. Huawei has not responded publicly.
2026-09
In September 2026, Reuters published the article "How Unassuming Yttrium Became the Focus of a Global Dispute," revealing that China has imposed export controls on yttrium since April 2025, with exports to the US repeatedly disrupted and capped (60 tons in March 2026, 29 tons in July), and noting that Japan has faced an informal embargo and the EU has demanded that China resolve the issue before October.
2026-09
In 2026, Unitree Robotics listed domestically, with its IPO oversubscribed by retail investors more than 8000-fold. It closed up 460% on its first day of trading, after which the stock retraced about 45% from its post-listing high. This extreme volatility was seen as one of the factors prompting the securities regulator to tighten IPO thresholds for humanoid robot companies.
2026-09-01
On September 1, 2026, Volkswagen China responded to complaints that Xingyu Co. had pushed out fresh graduates, saying it had immediately launched a special investigation and stressing that the principle of respecting workers' rights applies to the supply chain.
2026-09-01
On August 24, 2026, the Ministry of Commerce, the Ministry of Industry and Information Technology, and the State Administration for Market Regulation jointly issued guidelines requiring Chinese automakers to avoid frequent and large price adjustments overseas and not to disrupt market order.
2026-09-01
On September 1, 2026, Volkswagen's China unit responded to complaints that Changzhou-based Xingyu Shares had collectively pushed out fresh graduates, saying the group had launched a special investigation into supply chain companies and stressing that respecting workers' rights is a core principle of its operations.
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
Recently, a number of universities, including Beijing Forestry University, Anhui University of Architecture, and Shanxi Vocational College of Finance and Trade, successively introduced detailed rules for living within their means, stipulating measures such as banning flowers at meetings, prohibiting the distribution of souvenirs, and purchasing low-cost air tickets for travel, in order to cut administrative extravagance.
2026-09
In September, the tender for the first development area of the Hung Shui Kiu project in Hong Kong was awarded to a consortium with a China Overseas background. The land price was HK$1.03 billion, while the consortium must also bear HK$16.8 billion in land formation and infrastructure investment; after deducting the infrastructure obligations, the net land price is close to zero.
2026-09
According to survey data from the China Vocational and Technical Education Society, between 2023 and 2025, the number of institutions providing skills training for university graduates increased from 26 to 45, reflecting the growing prevalence of university graduates returning to vocational schools for further training.
2026-09
A number of businesses in Jiangxi that had ceased operations and completed deregistration have been ordered by local authorities to forcibly reinstate their tax registration and pay taxes again. One business deregistered in September 2025 had its registration forcibly reinstated on June 22, 2026, on the grounds that, at the time of deregistration, its financial statements showed over 300,000 yuan in undistributed profits, which must be taxed at 20%.
2026-09
From January to September 2026, the central bank net bought government bonds each month in the secondary market, totaling about 400 billion yuan, with June's 10 billion yuan being the lowest since bond buying resumed in October 2025; it has not sold any government bonds this year, and the last sale through securities lending was in July 2024.
2026-09
China's 10-year government bond yield peaked at 1.9% in January, fell to a low of 1.675% on August 14, and averaged around 1.7% in September. For the full year, it fluctuated by only about 25 basis points, holding in a sideways range under the central bank's guidance.
2026-09
A total of 6 trillion yuan in local government replacement bonds from 2024 to 2026; as of the end of August 2026, 5.84 trillion yuan had been issued, accounting for 97.3%. The year 2026 is the final year.
2026-09
In the first 8 months of 2026, securities transaction stamp duty grew nearly twofold year-on-year. Funds mainly changed hands among households, brokerages, the fiscal authorities and insurance companies, without generating any new investment.
2026-09
Peking University issued the "Implementation Measures for Fulfilling the Requirement of Living Tight Lives," drawing attention against the backdrop of an economic downturn.
2026-09
Multiple private business owners reported that after deregistering their companies they still received notices to pay back individual income tax and to have their undistributed profits verified; some were required to restore their tax registration, and one company's application for deregistration was rejected by the system on the grounds that its declared revenue did not match. The related topic trended on the hot search.
2026-09
At the recent Tsinghua PBC School Forum, economists within the system, including Lin Yifu, Yu Yongding, Yao Yang, and Li Xunlei, rarely criticized economic policy en masse. Yu Yongding said the central government's books are clean while local governments are a complete mess, and called on the central government to issue bonds to replace local debt.
2026-09
According to industry data circulating online in September 2026, over the past year Amazon's global active sellers decreased by about 600,000, and by regional share Shenzhen alone lost about 67,000 sellers.
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
Mech-Mind listed on the Hong Kong Stock Exchange shortly before Shao Tianlan posted a WeChat Moments report on September 10, 2026, with founder and CEO Shao Tianlan leading the team to complete the Hong Kong IPO.
2026-09
Netizens reported that Langfang Normal University previously locked students' electric bikes under the pretext of safety, yet during the summer vacation, it specifically built a parking lot and opened the middle gate for teachers' use.
2026-09-01
On September 1, 2026, Gelonghui reported that Xingyu Co., Ltd.'s Serbia plant has differential employment practices for Chinese and foreign employees: foreign employees leave work on time, while Chinese dispatched employees work about 10 hours a day on average and work overtime.
2026-09
Rumors circulate that a restaurant owner in Shenzhen exploits employees, who work 17 hours a day for a monthly salary of only 3,000–5,000 yuan; some food-service workers are calling on their peers to treat employees well.
2026-09
Online reports say a factory in Shenzhen is offering conditions of more than 12 hours of work per day at an hourly wage of 13 yuan, and telling those who can't accept it to leave, reflecting the harsh treatment at domestic factories today.
2026-09
In September 2026, a braised-food shop in Shanghai, open for less than two months, saw its revenue drop off a cliff after the school term began, falling from 5,000–6,000 yuan a day at first to 300–400 yuan, leaving the owner anxious and suffering from insomnia.
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.
2026-08-30
According to netizen reports, multiple Chinese-funded construction sites in Kyrgyzstan halted work due to the visit, and some Chinese workers were asked to stay in dormitories or designated areas.
2026-08-30
According to the video, Guizhou is establishing the Guizhou Rural Commercial United Bank to accelerate the rollout of city-level unified legal entities; Guizhou's broad debt ratio exceeds 650%, its fiscal self-sufficiency rate is below 30%, and the rate of legal entity elimination among rural commercial banks exceeds 50%.
2026-08-30
According to the video, Henan abandoned the plan for city-level unified legal entities and instead directly set up a provincial unified legal entity, merging round after round and absorbing over a hundred institutions in one go, with the provincial rural commercial bank's registered capital piling up to nearly 100 billion yuan; Henan's debt ratio exceeds 420%, and its legal entity elimination rate exceeds 60%.
2026-08-30
According to the video, Liaoning's debt ratio exceeds 500%, the elimination rate of legal persons of rural commercial banks exceeds 70%, and dozens of county-level banks have been merged into the provincial rural commercial bank in one step.
2026-08-30
According to figures cited in the video, by the end of 2025 even under official accounting, the average non-performing loan ratio of China's rural commercial banks reached 2.72%, ranking last among all types of banks.
2026-08-28
The central bank has introduced a new policy extending the term of personal housing loans from 30 years to 40 years, and related media have promoted it as easing the monthly repayment burden on homebuyers.
2026-08-28
Several fresh graduates whose employment contracts were terminated by Changzhou Xingyu complained about the matter to the Hong Kong Stock Exchange and the German Volkswagen Group; the Hong Kong Stock Exchange and relevant Volkswagen departments confirmed that they had received the materials.
2026-08-28
After netizens turned Zhang Xiaoquan nail clippers into meme images related to Justin Sun's article, Zhang Xiaoquan was listed as a "concept stock," and its A-share price rose by more than 11% at one point when the market opened on August 28.
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, fresh graduates whose offers were rescinded by Changzhou Xingyu Shares filed complaints over labor rights violations with the Hong Kong Stock Exchange and their client, Germany's Volkswagen Group. The HKEX's Listing Division and Volkswagen's investigation office successively confirmed in writing that the complaints had been received and would be examined.
2026-08-28
On August 28, 2026, the People’s Bank of China and the National Financial Regulatory Administration jointly issued new real estate credit policy rules, officially extending the maximum term of personal housing loans from 30 years to 40 years, sparking widespread public debate.
2026-08-28
On August 28, 2026, China's Ministry of Finance released a draft of the Local Surcharge Tax Law for public comment, proposing to merge the urban construction tax, the education surcharge, and the local education surcharge into a single local surcharge tax, with a unified tax rate set at 11% to 13%.
2026-08-28
On August 28, the Taoyuan District Prosecutors Office searched Xinxin Electronics, suspected of transshipping products made in mainland China to Taiwan and then labeling them "Made in Taiwan," seized related items, and questioned 100 defendants and relevant witnesses. The defendants were released on bail ranging from NT$15 million to NT$300,000.
2026-08-27
Reuters reporters photographed Justin Sun attending the Bitcoin Asia conference held in Hong Kong.
2026-08-27
On August 29, 2026, hundreds of fresh graduates whose offers were rescinded by Xingyu Co. forced the company to issue a public apology and pay compensation by filing reports on forced labor to the Hong Kong Stock Exchange, the EU, and European clients.
2026-08-27
On August 27, 2026, a notice allegedly issued by Wuping County, Longyan City, Fujian Province circulated online, deciding that the fiscally funded portion of the basic performance bonuses for civil servants and public institution staff in August would be issued at half the amount, and that vehicle reform funds would be suspended, sparking widespread discussion.
2026-08-27
On August 27, a netizen posted a video claiming that a Haier factory required workers to work for 8.5 consecutive hours without eating, drinking, or using the restroom. A worker was questioned by management for going to the toilet, leading to a heated argument; the video was subsequently taken down.
2026-08-27
On August 27, 2026, People's Daily Online published a People's Sharp Commentary criticizing the recent phenomenon of manufacturing companies mass-breaking contracts with fresh graduates, and calling on employers to treat young talent well and honor their contracts.
2026-08-26
A worker from CIMC in Nantong, Jiangsu Province, suspected of being exhausted after work, was found sleeping directly on the ground late at night with only a plastic bottle under his head, sparking public concern over the living conditions of grassroots laborers.
2026-08-26
Before the flood hit, workers requested evacuation but did not obtain approval from their Chinese-national supervisor; after the supervisor left, they fled, floodwaters and mud poured into the tunnel, and many were trapped.
2026-08-26
Reported in August 2026, over a hundred Chinese listed companies were levied back taxes and penalties for the first half of this year, totaling about 7.7 billion RMB, with an unprecedented level of retroactive enforcement.
2026-08-25
The meeting heard the National Commission of Supervision's submission for deliberation of the draft Anti-Cross-Border Corruption Law, the Ministry of Finance reported on government debt management, and deliberation began on personnel appointment and removal bills.
2026-08-25
A frontline nurse at a grassroots hospital recorded her nearly 26-hour shift on August 25, which involved high-intensity medical operations, sparking public discussion about the overwork of medical staff.
2026-08-25
On August 25, 2026, Japanese wedding dress company KURAUDIA announced the end of about 30 years of operations at its Qingdao factory due to rising costs, and an additional capital injection of $1.05 million specifically for economic compensation payments to Chinese employees.
Location: Qingdao, Shandong ·
Importance II ·
Verification: Official claim ·
View causal chain →
2026-08-24
The "Zhong Caiwen" article published by People's Daily stresses that China's 4.7% GDP growth in the first half of the year is "an achievement hard-won."
2026-08-23
EU trading restrictions on platforms including Huobi, as well as Binance's rule on halting direct fund transfers with Huobi, have officially taken effect.
2026-08-23
People’s Daily continues to publish “Zhong Caiwen” articles, claiming that China’s economy has shown “strong resilience.”
2026-08-23
Chinese state media published an article characterizing the 4.7% economic growth in the first half of the year as high-quality, arguing that it is in line with the current economic reality.
2026-08-23
On August 23, 2026, Lianhe Zaobao reported that luxury brand Louis Vuitton (LV) announced its Lixing Center store in Guiyang would cease operations on August 31, meaning LV is fully withdrawing from the Guizhou market, after having already successively closed several stores in Southwest China, including in Kunming and Chengdu.
2026-08-22
Bo Guagua posted a long message on X, suggesting that Canada reduce its trade dependence on the United States and instead strengthen trade with China, including importing Chinese electric vehicles and Great Wall wine.
2026-08-22
People’s Daily published an article signed “Zhong Caiwen,” arguing that observations of China’s economy should not focus only on single-month data.
2026-08-22
Chinese state media People’s Daily published a commentary defending China’s strong exports and rebutting warnings of a “new round of China shock.”
2026-08-21
Evergrande Group founder Xu Jiayin has been sentenced to life imprisonment, sparking widespread discussion about the fate of private entrepreneurs in China and the attitude of the Chinese Communist Party (CCP) toward private capital.
2026-08-21
The Ministry of Finance said that more than 2 trillion yuan of bonds will continue to be issued in the second half of the year, a relatively large scale for the same period of previous years; the 2026 quota for new special bonds is 4.4 trillion yuan, and ultra-long-term special treasury bonds total 1.3 trillion yuan.
2026-08-21
On August 21, 2026, the Ministry of Finance released the national fiscal revenue and expenditure situation for January to July. Local governments' income from the transfer of state-owned land use rights was 1.1731 trillion yuan, down 30.8% year-on-year.
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.
2026-08-20
A Chinese man attempted to exit China through Shanghai Pudong Airport with his 8-year-old son. Because the son holds a US passport, the airline stopped them on the grounds that he "wouldn't be allowed into the US," claiming the son had no right to leave China.
2026-08-20
Without any advance notice, the U.S. Treasury suddenly announced that it would raise the liquidity buyback cap for long-end old bonds with maturities of 10 to 30 years from $2 billion per operation to $4 billion.
2026-08-20
Outside Vanke Cloud City in Xiamen, chengguan (urban management officers) and police drove off street vendors, injuring 3 people who were sent to hospital. The incident began when people with connections fenced off a stretch of the street and converted it into a paid night market; the vendors were cleared out after refusing to enter because the fees were too high.
2026-08-20
A woman claiming to be a BYD employee protested outside the BYD factory in Chengdu, burning joss paper and calling for the abolition of the 12-hour night shift system.
2026-08-20
Shanghai has introduced the “Eight Shanghai Measures,” a package of optimized real estate control policies; Hu Liren believes this is a trap to drain the savings of ordinary people and plunge them deep into mortgage debt.
2026-08-19
A large number of young people gathered below the Times Fengjun building and sang the national anthem loudly; plainclothes officers and police entered, seized flags and carried out mass arrests, triggering a standoff at the scene.
2026-08-19
Humanoid robot company Unitree Robotics went public on the STAR Market, surging 629% at the open, with its market capitalization at one point skyrocketing to 444.9 billion yuan, while founder Wang Xingxing became the “new richest person born in the 1990s.”
2026-08-19
On August 19, 2026, reports circulated online that outside Shiziping Station of Chongqing Rail Transit, more than ten chengguan (urban management) enforcement officers beat a street vendor in the middle of the street. Video of the violent enforcement scene spread widely on social networks, sparking strong condemnation.
2026-08-18
On August 18, 2026, Nikkei Chinese reported that due to China's export controls on rare earths to Japan, Japan's total rare earth imports from China in the first half of 2026 had already dropped sharply to 20% of the same period in 2024.
2026-08-18
On August 18, 2026, Nikkei Asia reported that Google has informed its supply chain manufacturers of plans to pull the entire capacity for hardware such as Pixel smartphones out of China starting in 2027, shifting it fully to Vietnam and India.
2026-08-17
Li Qiang presided over a State Council meeting, calling for persisting in expanding domestic demand, focusing on the principal contradiction, seizing on areas with long industrial chains and large scale, and promoting the domestic economic cycle and consumption upgrading.
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.
2026-08-17
On August 17, 2026, Republic of China President Lai Ching-te announced that, driven by semiconductor and AI economic growth, government revenue has risen sharply, and the central government will include over 200 billion in its 2027 general budget to issue NT$10,000 in cash to all citizens.
2026-08-16
On the evening of August 16, the Chinese Communist Party's first container ship set sail from Ningbo Port, attempting to head to Europe and the Middle East via the Arctic route in an apparent bid to bypass volatile Middle Eastern shipping lanes.
2026-08-15
As of August 15, 2026, the four AMCs—Cinda, Huarong, Great Wall, and CITIC Financial—have not yet fully disclosed their 2026 interim financial report data.
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
The White House released a report authored by Peter Navarro, accusing China of circumventing U.S. tariffs through transshipment trade via more than 40 countries, amounting to approximately $75 billion.
2026-08-14
The U.S. General Services Administration has required the Committee for Purchase from People Who Are Blind or Severely Disabled to conduct origin compliance checks on the products it sells to prevent the infiltration of Chinese-made goods.
2026-08-14
On August 14, 2026, the State Taxation Administration responded to concerns about the tax burden triggered by the recent acceleration in many places of efforts to solidify corporate social insurance contribution bases, making clear that it will advance in stages and will not carry out a centralized clearing of arrears.
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.
2026-08-14
On August 14, the White House Office of Trade and Manufacturing Policy released a report titled "The Great Transshipment Scam," stating that over 40 countries have helped China evade tariffs imposed by Trump through transshipment. Taiwan, along with Japan, South Korea, and the EU, were listed as Tier 1 transshipment risk regions.
2026-08-13
An announcement from Binance requires users, starting from August 23, not to transfer funds to Huobi through Binance or to receive funds from Huobi. Transactions in violation may be temporarily held and reviewed, and the accounts concerned may also be restricted.
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.
2026-08-13
On August 13, 2026, netizens reported that Zibo in Shandong and other places have long been in arrears on talent subsidies for up to 24 months. The Zibo municipal government had previously responded that subsidies could not be paid on time due to a shortage of fiscal funds, and netizens from many other places also reported similar problems of unpaid subsidies.
2026-08-13
On August 13, 2026, an employee at the Guangdong restaurant brand 'Bu Ke Zha Ji' (No Fried Chicken) collapsed after being overwhelmed by a massive volume of individual orders, sparking public concern. The authorities subsequently announced that the employee had received their final wages and resigned.
2026-08-12
On August 12, a JD.com courier in Shenzhen posted about his extremely long working hours and said he was criticized by managers for damaging the company's image; he was subsequently placed on indefinite leave.
2026-08-12
On August 12, 2026, a JD heavy-cargo courier in Shenzhen exposed on social networks the extreme labor intensity of having only one day off in half a year, and was subsequently ordered by management to stop work indefinitely.
2026-08-12
The report on the implementation of monetary policy for the second quarter, released by the People's Bank of China on August 12, proposed downplaying attention to lending as a single financing channel and instead observing lending together with bond financing; the statement was criticized as glossing over the stagnation of private credit.
2026-08-11
On August 11, 2026, data from the China Passenger Car Association (CPCA) showed that China's overseas auto shipments reached 918,000 units in July, up 88% year-on-year and accounting for more than 40% of production; however, domestic passenger vehicle retail sales plunged 21% year-on-year, with fuel-powered vehicles down 41%.
2026-08-11
Video footage from a disaster site in Taizhou, Zhejiang, on August 11, 2026, shows some relief workers directly throwing disaster-relief food and supplies into filthy floodwaters for victims to fish out themselves, drawing criticism from netizens for a lack of dignity and basic empathy.
2026-08-10
On August 10, 2026, the Shaaanxi Bureau of the China Securities Regulatory Commission issued an announcement stating that, because Kaiyuan Securities had previously experienced a network communication failure that caused abnormal user logins and failed to report the incident promptly as required, regulatory measures including the issuance of a warning letter were taken against the brokerage.
2026-08-10
On August 10, 2026, the Zhejiang Securities Regulatory Bureau issued an announcement stating that, due to multiple compliance management issues in Caitong Securities' brokerage and proprietary trading businesses, regulatory measures were imposed against it in accordance with the law.
Location: Hangzhou, Zhejiang ·
Importance II ·
Verification: Official claim ·
View causal chain →
2026-08-10
On August 10, 2026, during a typhoon, a notice circulated online claiming that a Shanghai company said it would not accept any work from home unless employees provided proof that their residential compound was flooded, otherwise they would be treated as absent without leave, sparking widespread public criticism.
2026-08-09
On a footbridge near Yellow Crane Tower in Wuhan, chengguan officers clashed with street vendors and brutally beat male and female vendors, sparking online outrage and widespread post deletions. Police later announced that three chengguan assistant officers involved in the case had been criminally detained.
2026-08-09
On the afternoon of August 9, a fire broke out at an electric bicycle parking shed in Wangtaoyuan, Dongcheng, Beijing, destroying a large number of electric bikes. Netizens have called it a Xianzhong attack from the bottom rungs of society.
2026-08-09
On August 9, a lone-shift employee at a restaurant in Guangdong broke down and cried out under the pressure of a large volume of delivery orders; it was later reported that the employee had resigned, and that the only rectification issued was over a trash can lacking a lid.
2026-08-09
On the evening of August 9, 2026, on an overpass near Yellow Crane Tower in Wuhan, Hubei, several chengguan assistants clashed with street vendors while on patrol. The chengguan personnel struck vendors' heads with metal implements and kicked them bare-chested, drawing a crowd of onlookers.
2026-08-09
On August 10, 2026, British media revealed that the camera of the Royal Navy's special forces K3 reconnaissance unmanned vessel contains components made in China and has been continuously sending heartbeat communications to IP addresses within China; the UK Ministry of Defence has urgently cut off the network connection.
2026-08-09
On August 9, 2026, Reuters reported that in the first half of 2026 German exports to China fell by more than 12% year on year to below 37 billion euros, imports from China grew 8.9%, and the trade deficit with China widened to about 55 billion euros.
2026-08-09
On August 11, 2026, at the site of the natural gas-to-methanol chemical complex project in Saint Petersburg, Russia, contracted and built by China National Chemical Engineering No. 7, a large number of Chinese workers launched a rights defense protest due to long-standing neglect of labor rights and wage arrears.
2026-08-08
According to a report by the Financial Times on August 8, Chinese AI company Moonshot AI is adjusting its equity structure and introducing multiple state-backed investors to prepare for a future IPO in Hong Kong.
2026-08-06
Reuters reports that China's tax authorities have begun piloting, in Beijing and Hangzhou, the collection of a 20% individual income tax on part of the returns from Hong Kong insurance policies held by local residents.
2026-08-06
The yield on one-year US Treasury bonds reached 4.6%, compared to 1.3% for a five-year fixed deposit at China Construction Bank and 1.7% for savings bonds issued by the Ministry of Finance.
2026-08-06
Eight polysilicon producers accounting for more than 90% of China's polysilicon capacity signed a joint initiative, pledging that all products will be sold at no less than the cost floor calculated under the general rules.
2026-08-05
A woman posted a video saying that at 3 a.m. on August 5, Beijing police forced their way into the hotel room she was staying in, demanded to inspect her phone, and refused to explain the specific reason.
2026-08-04
HIMA issued a statement saying it had monitored more than 56,000 pieces of information related to Zhuzhiliao, with 171 actual complaints and 144 items taken down by the platform, sparking further public attention and a surge in traffic.
2026-08-04
On August 4, 2026, Reuters reported that the US government plans to introduce new rules through the Federal Communications Commission to bar new high-speed data center optical transceiver modules made in China from entering the US market, with a focus on Chinese companies such as Innolight.
Location: Washington, United States ·
Importance IV ·
Verification: Reported ·
View causal chain →
2026-08-04
On August 4, 2026, at a high-rise exterior wall construction site in Shandong Province, a high-altitude worker used paint to write the three large characters "Too Hot" on the wall to protest working in extreme heat, resonating widely with netizens.
2026-08-03
On August 3, 2026, Seres Group, which works closely with Huawei, released its vehicle production and sales data for July 2026. Its vehicle sales fell sharply, with a year-on-year decline of more than 50%, drawing market attention to the new energy vehicle cooperation model.
2026-08-02
In his program on August 2, 2026, Hu Liren predicted that within one year from August 1, Chinese real estate values would fall by at least 20% to 25%, saying this is a political necessity rather than an economic law.
2026-08-02
In August 2026, several grassroots civil servants and public institution staff in Fushun, Liaoning reported that the municipal party secretary was pushing formalist flood control: whenever it rained, everyone was sent out to stand guard on the streets, and staff were even required to keep watch continuously at sites with 40-degree heat and no cooling facilities.
2026-08-02
In August 2026, construction projects in many parts of China promoted the use of enclosed air-film systems for all-weather construction. Frontline workers and netizens reported that inside the film, summer temperatures reach 40 or 50 degrees with dust everywhere, questioning that the move is actually a way to avoid work stoppages in severe weather and high-temperature allowances.
2026-08
The video cites insiders as saying that local government finances are strained, and higher-level authorities are requiring the grassroots to handle finances with one hand and maintain stability with the other, achieving this through tax audits, fines, and strengthened control over personnel; no public reports have been found backing this claim.
2026-08
The State Taxation Administration has reportedly received orders to begin retroactive audits of personal income tax for overseas citizens, affecting Chinese citizens who have worked abroad for many years as well as some individuals who have renounced their citizenship, in conjunction with overseas asset investigations and exit controls.
2026-08
China’s central bank and the financial regulator issued Document No. 171, allowing borrowers who cannot repay to defer payments, extend loan terms, or directly delay principal repayment, with extensions capped at half of the original loan term.
2026-08
An employee of a new mobilization automobile supplier worked 31 days in August, with a total work time of 474 hours, averaging 15.8 hours per day, and a maximum of 17.5 hours in a single day, sparking concerns over labor exploitation.
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%.
2026-08
The State Council has reportedly ordered an investigation into STO Express, with related actions involving its equity and corporate asset control issues.
2026-08
In Liuzhou, Guangxi, a middle-aged couple struggling to make a living by street vending were driven to despair after chengguan (urban management officers) violently seized their stall. The female vendor jumped from a height, sparking intense public concern over the livelihood struggles of the underprivileged and the issue of violent law enforcement.
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.
2026-08-01
On August 1, 2026, a video in which the EU reported serious safety risks such as excessive formaldehyde levels and banned chemicals in a number of Chinese-made export products sparked heated debate among domestic netizens over double standards for products at home and abroad; the video's comment section was subsequently cleared entirely.
2026-08
In August 2026, media reports quoted sources from local tax and human resources and social security departments confirming that audits of social insurance contribution bases have been tightened, with multiple regions requiring full actual contributions within three to five years; the related policies have triggered public discussion about the contribution burden.
2026-08-01
On August 1, 2026, a fresh graduate posted a video stating that she had signed a teacher contract with a private high school in May and turned down other job offers, but on the day she was to report for work the school unilaterally tore up the contract, citing insufficient student enrollment, and compensated her with only a little over 1,000 yuan.
2026-08
In August 2026, several migrant workers from Henan posted videos exposing that they worked up to 15 hours a day picking goji berries in Yumen, Gansu under harsh conditions, and that when they tried to quit, their wages were docked and they were blocked from leaving.
2026-07-31
The Shanghai Municipal Administration of Planning and Natural Resources issued guidelines for the renewal of land use rights for industrial and commercial projects, stipulating that renewal prices must not be lower than 70% of the current benchmark land price, sparking public concern over land property rights and the mechanism of fiscal revenue collection.
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
The Wall Street Journal reported that Tesla is evaluating options to split off, sell, or shut down its China operations, including its Shanghai Gigafactory; Musk said the report had never been discussed and was fake news.
2026-07-30
Multiple workers gathered in rights defense outside the Jiamusi Postal Bureau in Heilongjiang, reporting that the unit had not paid their housing provident fund and that there were problems such as exploitation and deliberate obstruction. During the incident, someone fell to the ground and was carried away by medical personnel.
Location: Jiamusi, Heilongjiang ·
Importance III ·
Verification: Reported ·
View causal chain →
2026-07-30
On July 30, 2026, the CCP Central Committee Politburo held a meeting to analyze the economic situation. The Wall Street Journal reported that the meeting emphasized supply-side optimization and the implementation of existing policies, sending a clear signal that there is no intention to unleash flood-style massive stimulus in the face of slowing economic growth.
2026-07-29
People's Daily published guidance opinions, releasing a strong signal of investigating the Ctrip monopoly case and cracking down on antitrust involution, drawing outside attention to the authorities' further rectification of foreign and private enterprises.
2026-07-27
The photovoltaic industry association released the General Rules for the Cost Accounting Model of the Photovoltaic Industry, which stipulates that the full cost of polysilicon material is 43 yuan per kilogram; the State Administration for Market Regulation subsequently carried out compliance guidance and required enterprises to implement it.
2026-07-27
On July 27, 2026, CXMT, China's largest memory chip manufacturer, was listed on the Shanghai Stock Exchange, raising 57.9 billion yuan in its IPO, the largest IPO in China in over 15 years.
2026-07-26
Recently, netizens photographed the toilet doors at a base of domestic leading automaker Chery, which were covered in messages from workers complaining about 12-hour two-shift rotations, a monthly wage of only two to three thousand yuan, an overly fast assembly line, and frequent fines, while also writing down their true feelings such as "run fast" and "Chinese people cheat Chinese people."
2026-07-25
The day after Fang Xinghai was reported, Liang Wenfeng notified potential investors for the second round of financing to pause, with the valuation for the relevant round approaching $70 billion.
2026-07-24
The CCP Central Committee held a symposium with non-Party figures at Zhongnanhai. Presiding over the meeting, Xi Jinping said that China's economy is currently facing certain difficulties and challenges.
2026-07-24
At a symposium with non-Party figures, Xi Jinping acknowledged for the first time in his own words that China's economy is experiencing a severe downturn. The news is regarded as an important milestone, foreshadowing the gravity of China's economic situation.
2026-07-24
On July 24, 2026, the Ministry of Finance and the State Taxation Administration issued new rules stipulating that when Chinese tax residents transfer assets such as stocks and equity into offshore trusts, the relevant gains may be taxed at 20%. According to Reuters, the new rules have prompted some wealthy Chinese to raise cash and consider selling assets or borrowing to pay the tax.
2026-07-24
The Ministry of Finance and the State Taxation Administration issued an announcement on July 24 stating that individuals who have obtained foreign nationality or permanent residency abroad but whose principal economic interests come from within China may be recognized as Chinese tax residents, and that upon converting to non-resident status they must carry out tax clearance on gains from offshore trusts.
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.
2026-07-23
On July 23, 2026, the EU adopted its 21st package of sanctions against Russia, adding Huobi (HTX), banning EU persons from trading with it from August 23, but without freezing its assets.
2026-07-23
On July 23, 2026, a logistics delivery worker in Luzhou, Sichuan, repeatedly knelt and kowtowed on the spot to apologize to a customer after a parcel delivery was delayed, fearing that a negative review and complaint from the customer over the delay would cost him his livelihood, sparking criticism of the platform's harsh penalties.
2026-07-22
On July 22, 2026, Zhang Enhui, Secretary of the Changchun Municipal Party Committee, presided over an enlarged meeting of the Municipal Party Committee Standing Committee. The official communiqué stated that the city's economic development is currently facing "unprecedented difficulties and challenges."
Location: Changchun, Jilin ·
Importance IV ·
Verification: Official claim ·
View causal chain →
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.
2026-07-18
The 8 detainees in the Xi'an church case were swiftly handed over to the court; their lawyers received no notice and were not heard.
2026-07-05
On July 5, two sanitation workers in Xiaojin County, Aba Prefecture, Sichuan Province, stated in an interview that their monthly salary is only about 2000 yuan, with no days off year-round, making it difficult to take leave even when sick.
2026-07-17
According to Caixin News, at the close on July 17, the Shanghai Composite Index fell 3.05% losing the 3800-point level, the Shenzhen Component Index fell 5.40%, and the ChiNext Index fell 7.15%.
2026-07-17
On July 17, 2026, the underside of a pedestrian overpass in Dongguan, Guangdong, was physically sealed off with iron railings. Reports online said the move was intended to prevent homeless people from sleeping under the bridge, drawing public criticism of the practice of excluding vulnerable groups.
2026-07-16
A military conflict between Iran and the United States and the situation in the Strait of Hormuz have pushed global oil prices higher, with Trump saying oil is at about $79 a barrel.
2026-07-16
On July 16, 2026, anti-trafficking volunteer Shangguan Zhengyi published a report revealing that two people with disabilities of unknown identity in Jingshan City, Jingmen, Hubei, had been held by a local rice mill and a scrap station for periods ranging from several years to 20 years, reduced to unpaid forced labor and subjected to abuse.
2026-07-16
On July 17, 2026, the UK government announced the completion of the nationalization takeover of British Steel, the UK's second-largest steel producer, formally ending the controlling stake of Chinese private enterprise Jingye Group.
2026-07-15
Lawyer Hou Zhiyuan, while attending the trial of lawyer Wang Qing for alleged fraud, intervened in a dispute between a family member and the police, and was taken by the police to the detention room's steel cage for 20 minutes, during which he experienced discomfort.
2026-07-15
On July 15, an AITO car owner posted a video claiming that the vehicle was unresponsive after pressing the SOS button, with the screen prompting "Cannot make call due to overdue fees." The owner stated that the vehicle was recently purchased and had been sent for repair, and there was no issue with data expiration.
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
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 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.
2026-07-14
A Taiwanese netizen working in Beijing stated that after a minor traffic collision between her car and an electric scooter ridden by a woman, she was interrogated and verbally abused over her Taiwanese identity by the woman and a man the woman called over.
2026-07-14
On July 14, 2026, Reuters reported that China's financial regulatory authorities issued guidance to some banks, requiring that the interest rate for bill rediscounting business not fall below 0.5%, in order to curb an excessive decline in rates amid weak credit demand.
2026-07-14
China's announced June exports grew 27% in dollar terms, with integrated circuits and servers alone contributing 11 percentage points.
2026-07-13
The State Council of China unprecedentedly issued a document on expanding consumption under the name of a five‑year plan, aiming for total retail sales of consumer goods to reach 60 trillion yuan by 2030.
2026-07-12
On July 12, 2026, anti-trafficking volunteer Shangguan Zhengyi published a post reporting that a cement sales point in Shilin Town, Dengzhou City, Henan had illegally forced an unidentified disabled man to carry cement and do hard labor for more than ten years, and called on local authorities to investigate and rescue him.
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.
2026-07-07
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.
2026-07-05
In July 2026, videos circulating online showed that two sanitation workers in Xiaojin County, Aba Prefecture, Sichuan, earned less than 2,000 yuan a month, worked excessively long hours with no days off all year round, had to buy their cleaning tools out of their own pockets, and were even blocked from taking sick leave.
2026-07-04
The quarterly meeting of the Monetary Policy Committee of the People's Bank of China adjusted the economic tone from "steady progress" to "toward the new, toward the better," and listed structural optimization as one of the challenges facing the economy.
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%.
2026-07-01
On July 1, Yan Peng, chairman of Shaanxi Lihe Trading, fell to his death from a high place in Xi'an Saige Shopping Mall. Videos indicated that an 11.45 million yuan fine and withheld payments led to the rupture of his capital chain.
2026-07
IKEA China has launched its largest clearance in nearly 30 years, planning to sell off malls in Shanghai, Guangzhou and other 8 cities, most of which were closed in February 2026.
2026-07
The article states that Beijing has adopted measures such as retaliating against the EU's Net-Zero Industry Act, restricting foreign direct investment, and implementing export controls on rare earths to Japan to maintain its export markets.
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
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 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
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
The video cited relevant official statements saying that China's foreign exchange reserves exceed US$3 trillion, foreign exchange liabilities are about US$2.4 trillion, and 55% of the external debt is denominated in renminbi.
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
DTCC has received regulatory clearance and plans to move U.S. stock and U.S. bond settlement on-chain in the second half of 2026, enabling the same security identifier to convert between traditional ledgers and on-chain form.
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
According to revelations, relevant reservoirs in Hengzhou, Guangxi discharged floodwaters without notifying residents in advance, doing so in the middle of the night, which caused people to be swept away by the flood.
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
According to reports, police stood guard in disaster-stricken Hengzhou, Guangxi after the disaster, barring people from entering the affected area, and claimed the arrangements were meant to avoid triggering public opinion risks.
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
In US dollar terms, China's exports in July rose 23.9% year-on-year, with the single-month trade surplus reaching $112.5 billion.
2026-07
According to a Chengdu resident, some women enter dance halls and stay for free, charging 5 to 20 yuan to dance with or sit beside patrons, and they face harassment in the dark environment.
2026-07
China announced new rules in July, clarifying that income related to residents' personal offshore trusts must be declared and taxed regardless of whether it is distributed, at a tax rate of 20%; those who obtain foreign nationality but whose main economic interests come from within China can also be deemed Chinese tax residents.
2026-07
In late July 2026, four tech giants released their Q2 earnings reports, with combined cash capital expenditures of $165.05 billion, up 827% year-on-year, accounting for 96% of the $171.7 billion in operating cash flow over the same period; among them, the comparable free cash flow of Alphabet and Amazon was negative.
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.
2026-07
In July 2026, an official document circulating online revealed that in many places in Guangdong, during the "630 Poverty Relief and Aid Day" campaign, in addition to requiring people inside the system, targets were assigned at every level to mobilize and even coercively force non-public enterprises within their jurisdictions to make large donations.
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.
2026-07
Shangrao Third People's Hospital shuts down the central air conditioning in all wards every day after 5:30 pm. At night the wards become hot and stuffy, and many elderly, psychiatric and chronic patients suffer from the heat. Residents posted complaints on the Wenzheng Jiangxi platform, and the hospital replied that it was responding to the government's call to "live frugally."
2026-06-29
The People's Bank of China injected 300 billion yuan in temporary overnight reverse repos, but did not disclose the interest rate for the operation.
2026-06-29
A BYD Han electric car that had been in use for a year and a half caught fire spontaneously under the center console in an underground garage, and the owner spoke out to warn the public of the safety hazards of electric vehicles in China.
2026-06-29
On June 29, 2026, in Tongchuan District, Dazhou, Sichuan, a Xiaomi new-energy vehicle caused a series of vicious collisions along the street, killing one pedestrian on the spot and seriously injuring a food delivery rider, with several vehicles damaged at the scene.
2026-06-28
Teacher Tutu posted that the involved aircraft once approached a Hainan Airlines 330 passenger jet heading to Capital Airport, which triggered a TCAS warning and climbed to evade.
2026-06-27
On June 27, 2026, a food delivery rider in Huzhou, Zhejiang suddenly collapsed and began convulsing while making a delivery due to prolonged high-intensity overwork, and was urgently taken to hospital by ambulance. The incident sparked an outcry among riders over labor rights and overtime order dispatching.
2026-06-26
Chinese workers contracted for Russia's Baltic Chemical Complex project launched a strike and protest march starting on June 26 due to long-term harsh living and working conditions and unpaid wages.
2026-06-26
After the China Zun collision incident, all general aviation across the country was suspended except for emergency rescue operations, two general aviation companies ceased operations, Yihang's revenue guidance was sharply lowered, and its stock price plummeted.
2026-06-26
On June 26, 2026, Japanese media reported that Osaka Metro removed all of the more than 100 EV Motors Japan electric buses contract-manufactured by Chinese makers, which had previously been taken out of service, and transported them to a waste disposal facility; the buses had earlier been fully suspended due to problems with vehicle safety and stability.
2026-06-25
On June 25, 2026, Reuters reported that the U.S. government has denied market access authorization to Polestar, an electric vehicle brand majority-held by China's Geely Holding, banning it from selling new vehicles in the United States starting with the 2027 model year.
Location: Washington, United States ·
Importance IV ·
Verification: Reported ·
View causal chain →
2026-06-25
On June 25, 2026, an incident of violent enforcement by chengguan occurred at the Xujia Po agricultural market in Yueyanglou District, Yueyang, Hunan. More than ten chengguan officers clashed with a citizen, causing the citizen to fall to the ground and fall unconscious. A large crowd gathered at the scene to watch and protest.
2026-06-23
The US Department of Justice took overnight action, raiding Huiwang Group's cloud servers and blocking its cryptocurrency channels.
2026-06-23
The Auditor General publicly disclosed issues such as tax avoidance by the Bank of China, local financial circular churning, and fire safety violations to the National People's Congress.
2026-06-23
On June 28, 2026, media reports revealed that after Biyang County in Henan adopted a siphoning-style, profit-driven enforcement model, similar practices also appeared in several places in Nanyang, Henan, where cold-chain trucks were lured to detour across the border only to be seized — 213 tonnes of frozen goods were confiscated within 47 days and auctioned off for cash to be turned over to the state treasury.
2026-06-23
On June 23, 2026, the State Council Information Office held a press conference, at which the Ministry of Commerce, the Ministry of Industry and Information Technology, the Ministry of Culture and Tourism, and the municipal governments of Hangzhou and Chengdu introduced measures to expand automobile consumption, such as trade-in car purchases and self-drive tour consumption scenarios; official media said this was in response to a Qiushi article on boosting consumption.
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
Heilongjiang Beidahuang Agriculture was ordered by the tax department to pay approximately 1 billion RMB in corporate income tax for the years 2021 to 2025, along with approximately 400 million RMB in late fees.
2026-06-22
During a flood season emergency drill held in Xiongzhou, Hebei, elderly villagers were forcibly dragged out, sparking netizens' associations with and questions about forced demolition.
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.
2026-06-19
With fuel prices rising, Russia's central bank lowered its benchmark interest rate from 14.5% to 14.25% on June 19, 2026, marking its ninth consecutive rate cut since a previous historic high of 21%.
2026-06-18
The website of the Chinese Communist Party's theoretical journal Qiushi published a commentary article titled "Boost Consumption with Greater Vigor," proposing measures such as increasing residents' income, improving the social security system, rescuing the real estate sector, and repairing residents' balance sheets.
2026-06-18
On June 18, 2026, a Jiangsu netizen posted a video showing a group of people in camouflage uniforms entering a courtyard, forcibly cutting off electricity and internet, pinning two elderly people to the ground and beating them for 15 minutes, then carrying out a violent forced demolition after the beating.
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.
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
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.
2026-06-14
When Cheng Li-wun delivered a speech at the Los Angeles Marriott Hotel, Chinese overseas dissidents Su Yifeng and Yue Zailin publicly questioned and protested her pro-CCP stance on the spot, and were subsequently violently ejected, gagged, and beaten by security guards and others.
Location: Los Angeles, United States ·
Importance III ·
Verification: Verified ·
View causal chain →
2026-06-12
On June 12, 2026, the People's Bank of China released a financial statistics report showing that by the end of May, the balance of Chinese government bonds reached 100.6 trillion yuan, up 15.1% year on year, with the bond balance doubling within five years.
2026-06-08
An 18-year-old boy in Kaizhou District, Chongqing, jumped into the river after being chased by fishery administration personnel while fishing downstream of a regulating dam. Law enforcement officers failed to rescue him, triggering protests from onlookers and family members on the shore, which were suppressed by the police.
Location: Kaizhou District, Chongqing ·
Importance IV ·
Verification: Reported ·
View causal chain →
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.
2026-06-02
On June 2, Alphabet priced an $84.75 billion equity offering, draining a massive amount of liquidity from the market.
2026-06
Due to the incident of a plane crashing into China Zun in Beijing and the involvement of his son Cai Erjin in the low-altitude economy industry, Cai Qi, who is in charge of capital security, is rumored to have gone into hiding for investigation.
2026-06
An audit disclosure shows that financial institutions formed approximately 1.41 trillion yuan in inflated loan scales through methods such as idle fund circulation, false profit concessions, and relaxed risk controls.
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.
2026-06
Audits explicitly named ICBC, CCB, Bank of Communications, CITIC, and other banks for tech-finance that fails to live up to its name, stating that 126 provincial branches retroactively labeled 64.22 billion yuan in loans as tech loans after the fact.
2026-06
An audit report revealed that relevant financial institutions illegally covered up or disposed of 63.943 billion yuan in non-performing assets, and illegally conducted credit business totaling 67.6 billion yuan.
2026-06
An audit pointed out that the Agricultural Bank of China issued 11.066 billion RMB in loans to projects not belonging to high-standard farmland, and some funds were diverted to purchase wealth management products and bonds.
2026-06
FINRA data show that U.S. margin debt rose 8.5% month-over-month in May 2026 to about $1.416 trillion, a record, up 53.7% from a year earlier.
2026-06
A video claims that 25-year-old Li Ming from Hunan was telephoned by police in his hometown while traveling in Malaysia and ordered to return home by a deadline, otherwise he would be treated as a "fraud" suspect and his household registration might be canceled; this claim has not been confirmed by any public reports.
2026-06
As of June 2026, the comprehensive pressure index is at a neutral position at the historical 50th percentile, but AI crowding has surged to the 94.7th percentile, nearly the highest in history.
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 June 2026, the CCP central bank began restricting banks from buying bonds.
2026-06
The top ten constituents of the S&P 500 index have seen their combined weight rise to 39.3%, cited as one of the indicators of market concentration risk.
2026-06
By mid-June, Brent crude had fallen back to around $70, a retreat of more than 40% from its peak.
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
Listed company Beidahuang was ordered to pay a total of 1.41 billion yuan in back taxes and late fees due to tax issues, with a five-year retroactive period. Throughout the year and in subsequent months, numerous enterprises face pressure to make up for unpaid taxes.
2026-06
The People's Bank of China has increased its gold reserves for 19 consecutive months, contrasting with falling market prices, indicating official preference for gold.
2026-06
A Chinese tour guide in Thailand pressured and intimidated tourists, threatening to prevent them from returning to China and demanding they delete their videos.
2026-06
After Putin's visit to China and his promise to increase oil supplies to China, CCP China eased refined oil export restrictions in June, resuming some external contract fulfillment.
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.
2026-06
On July 9, 2026, the National Association of Financial Market Institutional Investors issued window guidance to some banks, requiring them to avoid underwriting local government financing vehicle bonds with maturities of less than two years, in order to restrict chengtu short-term debt from rolling over old debt with new borrowing.
2026-06
In June 2026, Heilongjiang Beidahuang Agriculture Co., Ltd. announced that tax authorities had recovered about 1.41 billion yuan in taxes, exceeding its projected full-year net profit for 2025, and its stock price fell 10% in a single day.
2026-06
In June this year, the Central Military Commission issued special measures, emphasizing living frugally, cost control throughout the entire process, and implementing the principle of building the military with diligence and frugality.
2026-06-01
On June 1, 2026, a netizen posted a video complaining that security checks at JD.com's large-scale commercial gala in Beijing were extremely harsh, requiring attendees to undergo strip searches and strictly banning support items, sparking public controversy.
2026-05-28
On May 28, 2026, Reuters reported, citing people familiar with the matter, that because lending fell in April and demand remained weak in May, the People's Bank of China has issued informal guidance to some large state-owned banks, asking them to increase credit provision.
2026-05-28
On May 28, 2026, a netizen submission claimed that a supermarket owner in Xishuangbanna, Yunnan, publicly sought redress, saying that the supermarket was forcibly evicted by the developer and subjected to violent expulsion, that repeated calls to the police yielded no results, and that no lawyer dared to take the case.
Location: Xishuangbanna Dai Autonomous Prefecture, Yunnan ·
Importance I ·
Verification: Hearsay ·
View causal chain →
2026-05-27
Global wealth data released by BCG shows that cross-border wealth managed by Hong Kong in 2025 was about $2.9 trillion, surpassing Switzerland for the first time; more than 60% of the assets came from mainland China.
2026-05-27
On May 27, 2026, multiple mainland Chinese residents reported that HSBC Hong Kong has suspended online self-service opening of investment accounts; applicants must visit an offline branch in Hong Kong to sign a declaration that their funds do not originate from the mainland, and violations may face account closure and accountability.
2026-05-26
On May 26, 2026, the UK government added Huobi Global, which operates Huobi (HTX), to its sanctions list, on the grounds that it provided funding and financial services to the Russian government.
2026-05-26
Bloomberg reported on May 26 that some of the top AI talent at private companies such as Alibaba and DeepSeek must obtain official approval before leaving the country, with the list selected based on an individual's strategic importance to the country rather than solely on rank or employer.
2026-05-26
According to a Bloomberg report cited by the program, government departments require senior AI researchers and executives at companies such as Alibaba and DeepSeek to obtain prior approval before leaving the country.
2026-05-26
On May 26, 2026, Bernstein, a Wall Street asset management firm, issued a statement from its Hong Kong-based analyst, announcing that due to the departure of a senior analyst, the firm would terminate its research coverage of China's consumer sector with immediate effect and would no longer maintain related ratings and earnings forecasts.
2026-05-26
On May 26, 2026, private entrepreneur Liu Shuhong of Xiangyang, Hubei, publicly accused the Nanzhang County government online of having unlawfully detained him and his wife for 666 days under the pretext of a restructuring, forcibly seizing enterprise assets worth over 100 million yuan registered under his name, and saddling him with enormous debts.
2026-05-26
On May 26, 2026, an office worker in Nanning, Guangxi posted a complaint saying that their company, because performance targets had not been met, was forcing employees to accept physical punishment. The employee firmly refused this unreasonable rule and had a verbal confrontation with the supervisor on the spot.
2026-05-22
On May 22, 2026, the securities regulator and seven other departments issued a plan to crack down on illegal cross-border securities business, and plan to impose fines totaling more than 2.2 billion yuan on Futu and Tiger; both stocks fell 30 to 40 percent before the open.
2026-05-22
The Chinese Communist Party's securities regulator announced a crackdown on cross-border brokerages such as Futu and Tiger, accusing them of doing business with domestic residents without a license. The news sent the two companies' shares plunging 30% to 40% in pre-market trading in the US.
2026-05-21
As Futu rebounded and swung intraday, attracting retail investors to buy the dip, the options monitoring system captured extreme put sweeps on Futu and Taige at 9:57 a.m.
2026-05-21
The European Central Bank has released a working paper showing that AI investors collectively coordinate redemptions and divestments during model interactions, even when economic fundamentals are strong.
2026-05-21
On May 21, 2026, Chinese Human Rights Defenders released a special research report pointing out that millions of secondary vocational students in China face forced internships every year, involving excessive working hours, withheld pay, and abuse of child labor, which has led to the abnormal deaths of multiple interns.
2026-05-18
Two Japanese employees working at the China branches of major Japanese heavy electrical machinery giants were caught red-handed at Dalian Customs, suspected of concealing dysprosium and terbium—heavy rare earths used in high-end military applications—inside large machinery to smuggle them out of the country.
2026-05-14
On May 14, 2026, the owner of a factory in Xixian New Area, Shaanxi reported that after he refused to let subdistrict urban construction personnel in plain clothes enter the factory for an inspection, the subdistrict office dispatched multiple comprehensive enforcement vehicles to continuously block the factory gate for 11 days. Local officials responded that "blocking the gate was appropriate."
Location: Xixian New Area, Shaanxi ·
Importance II ·
Verification: Reported ·
View causal chain →
2026-05-07
A Mr. Fan in Jilin discovered that 88 liters of gasoline had been pumped into his 75-liter fuel tank at a PetroChina gas station. Gas station staff subsequently visited his home and attempted to settle the matter privately with 10,000 yuan in cash, which was refused.
2026-05-07
Official Chinese reports state that during the May Day holiday, domestic travel reached 325 million trips, a year-on-year increase of 3.6%; total domestic travel expenditure was 185.4 billion yuan, a year-on-year increase of 2.9%. According to the program, the per capita expenditure was approximately 570.7 yuan, which is lower than the same period last year.
2026-05-04
On May 4, 2026, the High Court of Hong Kong granted a restraining order applied for by the Department of Justice, freezing HK$8.93 billion in assets belonging to 42 people including Chen Zhi and their associated companies.
2026-05-03
On a rural road in Huangtukan Town, Dandong, Liaoning, an severely overloaded minivan lost control and crashed into a large tree by the roadside. The vehicle was packed with 21 seasonal workers picking blueberries, resulting in eight deaths and thirteen injuries.
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
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
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.
2026-04-30
Driven by AI demand, high-performance computing, and cloud infrastructure, Taiwan's official estimate puts first-quarter economic growth at 13.69%, the highest record since the third quarter of 1987.
2026-04-28
Shenzhen has seen another food delivery rider collapse unconscious from overwork on his electric scooter, sparking public discussion about the living conditions of riders.
2026-04-28
A video of a food delivery rider in Bao'an District, Shenzhen, carrying a child on his back while making deliveries has drawn online attention, with netizens leaving comments lamenting the hardships of life and expressing dissatisfaction with official "lying flat" remarks.
2026-04-25
Justin Yifu Lin, dean of the Institute of New Structural Economics at Peking University, said in Hefei that China is only 135 dollars short of the high-income country threshold and could cross it by next year at the latest.
2026-04-24
A welder in Guangdong collapsed on the spot from overwork after working 16 consecutive hours, drawing netizens' attention to the survival pressures faced by底层 laborers.
2026-04-20
Hong Kong-invested toy contract manufacturing giant Huasheng Toys closed four factories in Guangxi on the same day, leaving nearly 10,000 workers instantly jobless. About 5,000 workers held consecutive rallies, blocking roads and holding banners to demand clearance of unpaid wages and payment of economic compensation.
2026-04-17
On April 17, 2026, the Dallas Fed released model estimates: if the closure of the Strait of Hormuz caused a 15% gap in global supply, a one-quarter closure would push headline PCE inflation 0.6 percentage points higher and core PCE 0.2 percentage points higher; a three-quarter closure would raise them by 1.1 and 0.3 percentage points, respectively.
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
Tether cooperated with U.S. law enforcement agencies to freeze over $344 million worth of USDT across two addresses in a single action, and disclosed that cumulative assets frozen in cooperation over the years have exceeded $4.4 billion.
2026-03-16
Australian rare earths company Lynas has reached a preliminary agreement with the US Pentagon to supply heavy rare earths, which have long been controlled by China.
Location: Washington, United States ·
Importance IV ·
Verification: Verified ·
View causal chain →
2026-03-05
Affected by the situation in the Middle East and the energy supply chain crisis, the CCP central government issued a document on March 5, requiring all companies exporting gasoline and fuel to temporarily suspend signing refined oil export contracts with other countries.
2026-03
According to a report by the UK's Financial Times, after AI company Manus was acquired by Meta, CEO Xiao Hong and chief scientist Ji Yichao returned to Beijing to be questioned and were subsequently told they were not permitted to leave the country.
2026-03
The single-day processing amount of CIPS, the Cross-Border Interbank Payment System, hit a record of over 1.2 trillion yuan in March 2026.
2026-03
In March 2026, the CCP deceived two minus executives into returning to China and subsequently banned them from leaving the country.
2026-03
In March 2026, the Ministry of Finance issued a document further increasing the proportion of annual profits remitted to the state by central enterprises, leading to internal salary structure adjustments and increased pressure within these enterprises.
2026-03
Hong Kong's fiscal reserves fell from over 1.17 trillion in March 2019 to over 650 billion in March 2026, with deficits in 5 of the 6 fiscal years and a cumulative deficit of over 550 billion, dropping below the unwritten bottom line set by former Financial Secretary Antony Leung that reserves must be enough to sustain the government for 12 months with zero revenue.
2026-02
Yang Lanlan has moved out of her penthouse in Sydney's eastern suburbs and taken up residence in a top-tier mansion near Sydney Harbour, and has not appeared in public since.
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
BYD's capacity utilization rate has long been only 60%, dropping to 39.7% in February 2026, compared with Toyota's capacity utilization rate of 90%.
2026-01-24
On January 24, the Political and Legal Affairs Commission's official newspaper Legal Daily reposted a video from the Ministry of Foreign Affairs rebutting UN experts' "forced labor" remarks. Hundreds of netizens sarcastically mapped it onto their own experiences of working overtime, and the comments section was subsequently cleared out, leaving only emojis.
2026-01-19
China's statistical department announced that the nominal GDP for 2025 is approximately 140 trillion yuan, a figure used to estimate the economic losses caused by information control.
2026-01-14
China Labor Watch has released an investigative report stating that while the art toy Labubu became a global hit in 2025, workers at its Chinese contract factories face harsh conditions such as low wages and excessive overtime, creating a sharp contrast with the brand Pop Mart's commercial success.
2026-01-06
The State Administration for Market Regulation summoned the photovoltaic industry association and six leading companies for talks over industry collusion to raise prices, ordering a halt to self-imposed production and price limits, which caused polysilicon futures to hit the limit down.
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 netizen has compiled a list of 'unfinished' (烂尾) policies since Xi Jinping took office, including the Belt and Road Initiative, Xiong'an New Area, the Beijing Stock Exchange, the Asian Infrastructure Investment Bank (AIIB), the Thousand Talents Program, chip engineering, real estate, poverty alleviation, energy conservation and carbon reduction, the Toilet Revolution, Hong Kong's status, the Taiwan issue, international relations, military generals, dynamic zero-COVID, common prosperity, the 'double reduction' policy, population and fertility, Made in China 2025, the crackdown on the platform economy, the PCR testing economy and anti-epidemic industry, economic data, and local government debt.
2026
The video claims that Guangzhou’s 2026 Stabilization and Adjustment Fund has already spent 19 billion yuan, leaving only 4.22 billion yuan; no public reports can be found for this figure.
2026
According to International Monetary Fund estimates, the actual scale of the Chinese government's debt in 2026 will be about 200 trillion yuan, reaching 135% of GDP.
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
Based on calculations using International Monetary Fund data, China’s actual government debt ratio is projected to exceed 200% in 2026.
2026
Based on data from the International Monetary Fund, the video estimates that China's fiscal deficit in 2026 is expected to exceed 15%.
2026
China's central bank has issued a trillion-level buyout reverse repo for the third time this year to cope with the rapid spread of financial risks.
2026
Data from China's Ministry of Commerce shows that after reaching a peak of 1.23 trillion in 2024, the national actual utilized foreign investment fell to 747.6 billion last year, a year-on-year decrease of 40%, and has continued to decline by 7% this year on a low base.
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.
2026
In 2026, the Shanghai Municipal Government's fund-based revenue budget is 226.14 billion yuan, a year-on-year decline of 25.6%.
2026
In 2026, Beijing's government fund budget special debt revenue was compiled at 2270.5 hundred million yuan, and special debt principal repayment was 1908.3 hundred million yuan.
2026
In 2026, the special revenue of the projects corresponding to Shenzhen municipal special bonds was budgeted at 8.91 billion yuan, an increase of 5 billion yuan over the previous year.
2026
A fried chicken shop in Shenzhen saw a surge in late-night orders, with only one employee on site working continuously, at one point kneeling on the ground before convulsing and collapsing; afterwards the employee was physically fine and has since left the job.
2026
The Shenzhen Longhua District Federation of Trade Unions said that employees at a fried chicken restaurant broke down and developed respiratory alkalosis due to an excessive number of orders, and warned that related symptoms may occur frequently in high-temperature environments.
2026
Zheng Junkang, former Party Secretary of Liuzhou, pushed a ground rail transit project that the State Council had not approved and built it with borrowed money; after debt oversight tightened and audits moved in, the project stopped and was left unfinished.
2026
In the first half of 2026, China saw an unprecedented year in which not a single province, municipality, or autonomous region had fiscal revenue capable of covering fiscal expenditure, with local finances in extreme distress.
2026-01
In 2025, the net interest margin of China's commercial banks dropped to 1.4%, with the Bank of China at 1.26%, and net interest income experienced negative growth for two consecutive years.
2026-01
From January to May 2026, the budget deficit of the Russian Federation reached 6.01 trillion rubles, accounting for 2.6% of GDP, about 1.6 times the planned full-year deficit of 3.79 trillion rubles.
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
Hong Kong's 2026 Budget announced the transfer of 150 billion from the Exchange Fund into the infrastructure reserve within two years, the first use of the Exchange Fund to pay for works projects since 1984, and was criticized for weakening the buffer of the Hong Kong dollar's linked exchange rate system.
2026
Hong Kong issued a total of HK$155 billion in bonds in 2025-26. The budget counted bond issuance as revenue; after deducting HK$51.7 billion in maturing payments, the originally estimated HK$67 billion deficit became a HK$2.9 billion surplus.
2026
The Hong Kong budget plans to issue 160 billion to 220 billion in bonds each year over the next five years, totalling 970 billion. Government debt as a share of GDP will rise from about 12% in early 2026 to 20%, and the debt-issuance ceiling will be raised for the third time to 900 billion.
2026
Hong Kong's land premium income fell from HK$143 billion in the 2021-22 fiscal year (24% of total revenue) to only HK$18 billion in the 2026-27 budget (2.4%). During this period, a luxury residential site at Repulse Bay's Cape Road valued at over HK$20 billion and a residential site in Tung Chung both failed to attract bidders, and the government once went an entire quarter without putting up any residential site for sale.
2026
The Ministry of Finance and the State Taxation Administration jointly issued Document No. 28 of 2026, the "Measures for the Administration of Withholding and Remitting Value-Added Tax on Behalf of Natural Persons by Domestic Entities", which is set to be mandatorily enforced nationwide from November 1, 2026. When any entity settles fees with an individual that give rise to value-added tax, it must withhold the VAT and related taxes and fees; otherwise it bears joint responsibility for tax evasion.
2026
On September 10, 2026, the AP reported that China's total auto exports in the first eight months of 2026 have already exceeded the total exports for the whole of 2025, with electric vehicle exports rising sharply. Morgan Stanley analysts noted in a latest research report that weak domestic demand is prompting automakers to shift capacity overseas and gradually move from exporting complete vehicles to local assembly, to avoid trade barriers and reduce logistics costs.
2026
China recently ordered a strict investigation into corporate tax back payments and fines of all kinds, extending the audit lookback period from five years to twenty years, with all revoked and deregistered companies also being re-examined.
2026
Shanghai's Bureau of Planning and Natural Resources released the 2026 base floor land prices. For commercial land, grades 1 through 4 are 36,670 yuan, 29,790 yuan, 21,030 yuan, and 16,780 yuan per square meter respectively; for residential land, grades 1 through 4 are 52,600 yuan, 44,800 yuan, 37,200 yuan, and 29,140 yuan respectively.
2026
The Ministry of State Security issued a notice warning that the so-called anonymity of virtual currencies is only an illusion; because their flows are covert and difficult to regulate, they have become an important tool for criminals engaged in illegal and criminal activities, breeding security risks on multiple fronts.
2025-12-27
Zhang Liang, an engineer at Beijing-based state-backed Fanghong, had been working long hours at high intensity since August 2025. After working 140 consecutive days of overtime, he suffered a sudden illness and passed away on Saturday, December 27, while working overtime, at the age of only 37.
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.
2025-12-09
Tongwei, GCL and other leading polysilicon producers have pooled 3 billion yuan to establish a storage platform, attempting to halt the decline in polysilicon prices by purchasing excess capacity and shutting it down in a coordinated manner.
2025-12
According to estimates in the Southwestern University of Finance and Economics' "2025 Report on the Fiscal Conditions of Provinces, Cities, and Counties," in 2024 the average fiscal self-sufficiency rate of the country's 2,774 county-level areas was about 38%, with the lowest county at only about 1%.
2025-11-01
On November 1, 2025, the White House claimed that the US-China agreement would effectively lift relevant rare earth export controls through general licenses; but the suspension list China subsequently released did not include the measure implemented that April placing yttrium under export licensing management.
2025-10-31
The Transit Corps of the Beijing Public Security Bureau released a proposed hiring list of 80 auxiliary police officers, which includes graduates from the University of Chinese Academy of Sciences, China University of Political Science and Law, University of International Business and Economics, and Communication University of China.
2025-10-28
The Fourth Plenary Session of the 15th Central Committee in Ningbo deliberated on the 15th Five-Year Plan, where new energy vehicles were removed from the core position of strategic emerging industries, signaling the downgrading of the automotive industry into an object of governance.
2025-10-09
On October 9, 2025, the Ministry of Commerce of China announced the strictest rare earth export control measures to date, and Trump immediately announced an additional 100% tariff on China; after a ceasefire was reached in early November, China suspended the measure.
2025-10-03
CCTV reported on October 3, 2025 that as of October 2, 2025, the cumulative annual box office had exceeded 42.5022 billion yuan and admissions had exceeded 1 billion, in contrast to the 760 million admissions reported in 2026.
2025-10
McKinsey released an employment report pointing out that, theoretically, current AI technology can automate nearly 57% of working hours, with rule-standardized jobs such as accounting, data entry, and basic coding bearing the brunt.
2025-09-04
Trump family crypto project World Liberty froze about 595 million WLFI in Justin Sun's address, worth about $107 million at the time.
2025-09
Facing weak genuine corporate borrowing demand and pressure from credit assessment targets, banks absorbed large volumes of bills by pushing down their internal bill-purchase costs, leading to a sharp increase in bill financing and corporate deposits across the market.
2025-09
The Jiangsu Provincial Government has issued implementation opinions on zero-based budget reform, requiring that all personal wages and allowances, engineering projects, and corporate subsidies be paid using digital RMB.
2025-09
According to on-chain tracking, about 32 hours before World Liberty froze Justin Sun's address, an HTX collection address linked to Sun Yuchen transferred approximately 60 million WLFI to a Binance deposit address.
2025-06
China's National Audit Office released a report pointing out that large amounts of local disaster-relief treasury bonds and special funds were left idle, diverted or misappropriated, or used to repay local debts and cover the "three guarantees" expenditures.
2025-05-13
The Saudi Central Bank withdrew from the mBridge project in May 2025 after completing a proof of concept. The project had previously been seen as a potential pathway for Saudi Arabia to promote oil trade with reduced reliance on the U.S. dollar. Despite its withdrawal, some media outlets continued to list Saudi Arabia as a participant as late as August 2026.
2025-05
Since May 2025, audits have uncovered over 260 major disciplinary and legal violations, involving more than 1,100 people and approximately 91 billion RMB in funds.
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.
2025-04-04
China has implemented export controls on medium and heavy rare earths since April 2025.
2025-04-02
On April 2, 2025, Trump announced "Liberation Day" reciprocal tariffs, imposing a minimum 10% tariff on imports from around the world, triggering a sharp decline in global financial markets.
2025-03-04
On March 4, 2025, Cheung Kong, under Li Ka-shing, announced the sale of its global port business, including ports at both ends of the Panama Canal, to a consortium led by BlackRock, and was subsequently criticized in articles by official media such as Ta Kung Pao.
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.
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.
2025-01-24
ByteDance issued an internal email notice directly canceling non-productive holiday benefits such as Dragon Boat Festival and Mid-Autumn Festival gift boxes, and even canceling the 2026 Spring Festival red envelopes as well.
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
The article states that China's exports reached $3.8 trillion last year, setting a record trade surplus of $1.2 trillion, the largest in history.
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
In 2025, China's high-tech industry actually used 241.8 billion yuan in foreign investment, down 15.6% year on year.
2025
In 2025, China's birth population was 7.92 million, with a birth rate of only 5.63 per thousand, ranking second to last in the world.
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.
2025
Seres posted revenue of 165.1 billion yuan in 2025, up 14% year on year, but net profit attributable to parent company shareholders was about 6 billion yuan, nearly flat with the previous year, while earnings per share declined.
2025
Russia's gold reserves have dropped from more than 400 tonnes before the war to 139 tonnes.
2025
In 2025 alone, Shanghai's debt balance increased by 132.9 billion yuan, most of which was used to replenish government funds and repay the principal of maturing bonds.
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
The video cited data released by the Chinese side, claiming that China's trade surplus in 2025 was about $1.19 trillion.
2025
The number of rural small and medium-sized banking institutions in China has seen a net decrease of 670 within one year through methods such as mergers and acquisitions, reflecting the significant risk pressure faced by small banks.
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.
2025
In 2025, the average annual wage at private manufacturing enterprises in China was 76,655 yuan.
2025
Statistics bulletin of the National Health Commission shows that in 2025 there were 15.109 million voluntary blood donation visits nationwide, with a donation rate of 10.9 per 1,000 people; all three key indicators dropped by about 11% compared with 2023; in 2024, donations were already more than 1 million visits fewer than in 2023.
2025
The video claims that by the end of 2025 Guangzhou's debt balance reached 745.8 billion yuan, with a limit utilization rate of 98.6%; no public reports can be found for this figure.
2025
By the end of 2025, Shenzhen's debt balance had reached 449.2 billion yuan.
2024-12-03
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.
2024-11-29
On November 29, Uniqlo founder Tadashi Yanai publicly announced that he would not use cotton from China's Xinjiang region. This statement has garnered online attention, with some netizens expressing support and planning to purchase his products.
2024-11-08
On November 8, 2024, the Chinese Communist Party approved a quota of 6 trillion yuan for replacing hidden debt, rolling over and cutting interest rates on local government financing vehicle (LGFV) debt at a pace of 2 trillion yuan per year, effectively shifting losses onto creditors.
2024-11
The program stated that from November 2024 to the first quarter of 2026, China issued a cumulative 4.96 trillion yuan in replacement bonds; no public reports could be found for this figure.
2024-11
From November 2024 to 2026, China cumulatively replaced 5 trillion yuan of local government debt. However, the statutory debt balance increased by 10.7 trillion yuan, indicating that the local government debt problem remains severe.
2024-10-28
Moutai Group has issued a letter of intent to Guizhou Bank, proposing to subscribe for no more than 619 million new shares.
2024-10-14
Data released by the People's Bank of China shows that the balance of M0 cash in circulation at the end of September was 15.02 trillion yuan, a year-on-year increase of 10.6%. Throughout last year, the M0 growth rate remained stable between 10% and 12%, indicating that despite the widespread adoption of QR code payments, the amount of cash held by the public continues to grow at a double-digit rate.
2024-10-01
On October 1st, an outlet in Sichuan held a discount promotion. Customers rushed into the store to snap up Nike shoes, causing chaos. Netizens commented that everyone has already forgotten about the Nike Xinjiang cotton incident.
2024-09
The Chinese government announced 360 billion yuan in aid to Africa.
2024-09
Officially released figures show that profits in Beijing's catering industry fell 88.8% year-on-year.
2024-07
Under the influence of bank credit assessment and market supply and demand, the rediscount rate on one-month national joint-stock bank bills touched zero for the first time at the end of July, opening up the subsequent long-term low-interest-rate bill discount arbitrage channel.
2024-06-23
On June 23, economist Ren Zeping posted on Weibo that when the economy is under pressure, taxes and fees should be cut, people should be allowed to rest and recover; taxes are generated through development, so water should be released to raise fish and full effort should be made to boost the economy. The Weibo post was subsequently deleted.
2024-06
In June 2024, the Saudi Central Bank officially joined the multilateral central bank digital currency bridge mBridge project; its entry was then seen as a potential step toward reducing dollar dependence in some oil trades.
2024-05-29
The U.S. Department of the Treasury has begun regularly repurchasing specific maturities of government bonds through multi-price reverse auctions, aiming to support liquidity in the government bond market.
2024-05
Outside an ONVO store in Zhengzhou, AITO owners unfurled banners claiming they waited 100 days for their cars and that after 60 days of driving the vehicle had already become an old model, while also criticizing after-sales service and the car-buying experience.
2024-05
China introduced a policy to lower the mortgage down payment ratio to 15% in order to boost the property market.
2024-04
Regulators ordered major banks to stop manually topping up interest on corporate deposits, causing demand deposits at the four major state banks to plunge within a short period, while corporate structured deposits surged, bill rates fell to zero, and the interest margin was pushed back up.
2024-02-07
On February 7, 2024, the CCP Central Committee and the State Council removed Yi Huiman from his posts as Party Committee Secretary and Chairman of the China Securities Regulatory Commission (CSRC), with Wu Qing succeeding him; outsiders believe this is related to the continuous decline of A-shares at the time.
2024-01-09
On January 9, the Central Leading Group for Thematic Education on Studying and Implementing Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era issued an internal instruction to party and government committees and governments across the country, demanding that party and government organs at all levels and party cadres profoundly comprehend the spirit of Xi's instruction and make living a frugal life a normalized habit.
2024
Seres announced it will spend 11.5 billion yuan in cash to acquire a 10% stake in Shenzhen Yinwang Intelligent Technology Co., Ltd., obtaining only a minority of board seats.
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
The video claims that from 2024 to 2025, 40 major photovoltaic companies accumulated losses of 130 billion yuan, with the losses continuing into 2026; no public source can be found for this aggregate figure, and public reports only show broken-down data such as losses exceeding 28.6 billion yuan among 24 companies in 2024.
2023-11
After the salesperson said there would be no model refresh in the near future, Beijing car owner Xiao Tang purchased the AITO M7 four-wheel-drive intelligent driving edition in November 2023, at a landed price of nearly 300,000 yuan, and waited nearly four months for delivery.
2023-10-24
On October 24, 2023, the Standing Committee of the National People's Congress approved the issuance of 1 trillion yuan in additional government bonds for post-disaster reconstruction and disaster prevention and mitigation; a subsequent audit report said that less than 32% of the funds could actually be accounted for.
2023-09
The central government has issued Document No. 35, which explicitly stipulates that newly borrowed LGFV debt can only be used to pay interest, triggering immense pressure on local government finances and the salaries of public officials.
2023-04-01
On April 1, 2023, the home of Zhang Heng, a villager from Zicun Village in Xixian New Area, Shaanxi, was forcibly demolished by more than ten armed people; Zhang Heng and his son fought back, killing one demolition worker. The court later found that Zhang Heng had acted in legitimate self-defense and acquitted him.
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
In its 2023 entrusted management business report, Anhui Guohou AMC stated that the company has no bankruptcy reorganization matters.
2023
Last year, daily rental rates in China's robot rental market ranged from 5,000 to 15,000 yuan, used mainly for performance-type events such as mall openings, auto show booths, and warm-up acts at annual galas.
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.
2022-10
University of Chicago scholar Martinez, using satellite nighttime light data, found that annual GDP growth in authoritarian countries is overstated by an average of about 35%, and that China's figure may have been overstated by about one third over the past two decades.
2022-03-28
Shanghai implemented a lockdown during the COVID-19 pandemic, with residents restricted from going out; the program said the doors of some residents had been welded shut.
2022-01-28
On January 28, 2022, the Ministry of Finance announced that income from the transfer of state-owned land use rights in 2021 was 8.7051 trillion yuan (about 8.7 trillion yuan), an increase of 3.5% year on year, hitting a record high.
2022
According to reports, by 2022 Zibo's debt increased to approximately 108 billion RMB, doubling from before Jiang Duntao took office.
2022
After Sun Yuchen took over the cryptocurrency exchange Huobi, he was accused of handling platform users' assets through rule adjustments, targeted liquidations, and account bans.
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.
2022
The Nanning government once sold local parking space operating rights from 2022 through 2052, a term as long as 30 years.
2021-09
Sima Nan seized on issues such as Lenovo's restructuring, state-owned assets, and executive compensation, releasing multiple videos in a row to attack the company, thereby gaining enormous traffic, accompanied by the operations of a behind-the-scenes PR team.
2021-08-27
The Cyberspace Administration of China has launched a special rectification targeting financial information, identifying activities such as distorting interpretations of financial policies and macro data, or maliciously betting against financial markets, as targets for governance, covering financial self-media accounts and information platforms.
2021-07-02
Two days after Didi listed on the New York Stock Exchange, the Cyberspace Administration of China announced the launch of a network security review of the company; its app was subsequently forced off shelves, and it was ultimately delisted in June 2022 and hit with a massive fine.
2021-04
The CCP has completed its control over large companies such as ByteDance and Weibo through 'golden shares,' which hold a very low percentage of equity but possess veto power.
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.
2021
The video points out that China did not begin to relax the three-child policy until 2021, and that before then, adjustments to the family planning policy lagged seriously behind.
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.
2020-11-03
The Shanghai Stock Exchange suddenly announced the suspension of Ant Group's listing process on the STAR Market, even though the project had already entered its final stage.
2020-10-24
On October 24, 2020, Jack Ma criticized the “pawnshop mentality” of Chinese financial regulators and banks at the Shanghai Bund Financial Summit — the last time he appeared on China’s public stage in an offensive posture.
2020-09-29
Between 2008 and 2016, 15 JPMorgan traders systematically spoofed the precious metals markets, resulting in $920 million in fines from U.S. regulators and criminal charges against three traders.
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
The coverage rate of Party organizations in China's above-scale private enterprises has reached over 90%.
2020-01
AUS acknowledged deficiencies in its transaction monitoring system between January 2020 and December 2023, which failed to prevent illegal transactions by some Alibaba merchants.
2019-07
In July 2019, Caixin reported that the Office of the Leading Group for the Special Rectification of Internet Financial Risks recommended that the police open an investigation into Sun Yuchen over suspected illegal fundraising, money laundering, pornography- and gambling-related issues.
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.
2019
In 2019, the Chinese Communist Party introduced new rules under which regional GDP accounting would no longer be handled by each region itself, but would instead be calculated uniformly by the central government.
2019
After taking over Zibo, Jiang Dundao pushed consumption projects such as bars, cafes, and music festivals, in an attempt to drive the transformation and economic growth of this old industrial city.
2019
The host said that several people who followed his advice returned to China in early 2019 and sold properties in Guangzhou, Shenzhen, Beijing, Hainan, Zhuhai, Chengdu, Chongqing, Shanghai and other places.
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.
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.
2018-01-11
In January 2018, Tianjin Binhai New Area switched its GDP statistical basis from registered to local, revising its 2016 GDP from 1,000.231 billion yuan to 665.4 billion yuan, a drop of about one third; the Tianjin Municipal Bureau of Statistics said this had no impact on the city's overall GDP.
2018-01
Cai Huabo has sold the majority of his shares in Taihe Holdings, a move seen as a step toward asset concealment and withdrawal.
2017-11
Cai Qi, then Beijing Party Secretary, stressed at a meeting that bayonets must draw blood, and directed the large-scale expulsion of Beijing's low-end population, which left large numbers of people sleeping on the streets in the bitter winter and drew worldwide condemnation.
2017-10-24
The CCP has amended its constitution to establish the leadership role of party committees in state-owned enterprises and is pushing for "two coverages," requiring party branches to fully cover private enterprises.
2017-03
China Newsweek published an article titled 'The Truth of Huawei's 34-year-old Employees' on page 6 of the 7th edition on March 23, 2017, revealing the event of Huawei centrally clearing out employees over 34 years old in 2017.
2017
Changpeng Zhao founded the cryptocurrency exchange Binance and later became an important figure in the cryptocurrency industry.
2017
Han Shihui purchased about 468 mu of land in Hengshui, Hebei, invested about 2 billion yuan, and partnered with Hengshui No. 2 High School to found a private school with a capacity of about 20,000 students.
2016-09-08
In 2016, a Ministry of Finance investigation found that 72 of 93 automakers were suspected of defrauding subsidies, with the case rate reaching as high as 80%.
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.
2016
After Cao Jiongfang became Party Secretary of Xiangtan in May 2016, knowing full well that the debt had already been flagged, he still pushed the "Exquisite Xiangtan Two-Year Action," rolling out 345 projects with a total investment of 61.7 billion yuan, adding 43.5 billion yuan of new debt in violation of regulations, and leaving behind 33 unfinished projects.
2016
In 2016, Xi Jinping proposed that housing is for living in, not for speculation, in an attempt to push down housing prices. Local governments passively resisted due to fiscal and debt problems, and collective incidents of unpaid wages for teaching staff and public employees occurred. Xi Jinping ultimately abandoned this policy and turned to backstopping local government debt.
2015
Fumao Group ordered a cargo ship at a state-owned shipyard in Qingdao, with a loan provided by the Export-Import Bank of China. This is the first cooperation between financial institutions on both sides of the strait to participate in ship financing.
2015
China's auto production capacity soared after 2015, with the government offering subsidies of up to 90% for building electric vehicle plants, giving rise to overcapacity.
2013-06-20
After taking office, Li Keqiang adopted 'Likonomics' measures such as restricting government spending and deleveraging, attempting to control ballooning debt and promote market-oriented reforms.
2013
In 2013, a high-frequency trading system at a London venue produced a large number of spoofed orders that never executed; the relevant orders were flagged as market data anomalies and triggered a market flash crash.
Location: London, United Kingdom ·
Importance III ·
Verification: Reported ·
View causal chain →
2012
The sum of GDP figures reported by provinces and municipalities in 2012 was 57.66 trillion yuan, about 10% higher than the 51.93 trillion yuan calculated by the National Bureau of Statistics; the bureau said the difference was mainly due to double counting in the tiered accounting system and differences in raw data.
2011
Shenzhen Metro Group completely transferred up to 60% of the state-owned shares in the Dongmen Old Street overhead property project to Yuanwei Industry, turning the project into private property for the elite.
2010-06-12
On June 12, 2010, Li Tucun, the former president and chairman of the board of the former Hunan Taizunai Group, who once pioneered the golden age of Chinese lactic acid bacteria beverages and twice won the CCTV 'Advertising King' title, was formally placed under criminal detention by the Zhuzhou Public Security Bureau of Hunan Province for suspected illegal absorption of public deposits. On July 20 of the same year, his arrest was approved by the Zhuzhou prosecutorial owns. Previously, the Taizunai Group had experienced a broken capital chain due to the Hunan financial storm of 2008 and the gambling agreement crisis with investment banks during its rapid expansion. To save itself, the group had raised funds from employees and distributors as payment reserves. In 2009, the Zhuzhou municipal government led the establishment of Gaoke Dairy Industry to implement trusteeship. During this period, Li Tucun and the trusteeship group and local officials had a heated conflict over corporate control and restructuring plans. After being detained for approximately 15 months, the Tianyuan District People's Procuratorate of Zhuzhou City issued a 'Non-Prosecution Decision' on January 20, 2012, ruling that his borrowing was of the nature of private lending and corporate financing, and did not constitute a crime. Li Tucun was eventually releaseds without charge.
2010
In 2010, the central government introduced the 'Ten National Measures' and supply restriction orders to further tighten control over housing prices, yet it still failed to reverse the trend of prices rising despite the regulations.
2010
The video claims that, according to official CCP data, China's land finance revenue from 2010 to 2025 totaled about 82.1 trillion yuan; this cumulative figure cannot be found in any public report, and only the sum of the official annual land transfer revenues is of a comparable magnitude.
2009
Since 2015, the Chinese government has begun providing large-scale subsidies for the electric vehicle industry, with cumulative direct and indirect subsidies reaching 3 trillion yuan. This policy drove the rapid development of China's electric vehicle industry, but also laid the groundwork for subsequent overcapacity.
2008-09
In the face of the global financial tsunami, in September 2008 Wen Jiabao led the State Council in announcing a large-scale 4 trillion yuan bailout plan for infrastructure investment.
2008-05-12
On May 12, 2008, a magnitude 8.0 earthquake struck Wenchuan, Sichuan. Official statistics as of September 25 recorded 69,227 dead and 17,923 missing, with a large number of houses collapsed; the video links the casualties to building quality.
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
In 2008, the Cristina government of Argentina nationalized private pensions, with nearly $30 billion flowing into government coffers.
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.
2006
Ren Zhiqiang's remarks on commodity housing at a public forum were taken out of context by the media, leading to him being labeled as 'only building houses for the rich', and the nickname 'Ren Cannon' spread as a result.
2005-12-29
On December 29, 2005, the Standing Committee of the National People's Congress voted to repeal the Agricultural Tax Regulations. Hu Jintao signed Presidential Order No. 46 on the same day. From January 1, 2006, Chinese farmers no longer paid agricultural tax, reducing the burden on farmers nationwide by 133.5 billion yuan per year, an average of 140 yuan per person.
2005
The entrepreneur circle initiated by Duan Yongji was officially named the Taishan Club in 2005. Its members include many core private entrepreneurs in China, and they hold regular closed-door discussions on policy trends and the macroeconomy.
2005
In 2005, the central government issued the 'Eight Measures' to control housing prices, but due to a lack of control over local governments, the results were concerning.
2004-06-14
On June 14, 2004, Taishan Oil transferred the 75% stake it held in Taishan Real Estate to Capital Investment (Qingdao) for 123 million yuan, and the remaining 25% stake was transferred to NC International free of charge.
2004
The Shenzhen Municipal Government hired the Shenzhen branch of China Development Bank as its financial advisor, and during the relevant period, the Shenzhen branch of China Development Bank signed a 30 billion yuan credit line with the Shenzhen Municipal Government.
2003-03-20
Hubei youth Sun Zhigang was sent to a custody station in Guangzhou for not carrying a temporary residence permit and was beaten to death. The incident spread rapidly across the internet and eventually led the State Council to abolish the custody and repatriation system.
2003
The Beijing municipal government invited entrepreneurs to discuss economic policy. While Pan Shiyi was speaking, Ren Zhiqiang took over the topic, criticized the policy, and demanded that officials uphold the credibility of the market.
2001-12-11
On December 11, 2001, China officially became a member of the World Trade Organization after an agreement was reached at the ministerial conference in Doha.
2001
China joined the World Trade Organization in 2001, when Washington made a bipartisan bet that trade would make China a closer friend and set it on the path to freedom.
Location: Washington, United States ·
Importance III ·
Verification: Verified ·
View causal chain →
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.
1999
The central bank specified that the maximum term for personal housing loans issued by commercial banks with credit funds will be extended from 20 years to 30 years.
1997
In the early stage of China's real estate industry, the term of personal housing mortgage loans was stipulated to be no longer than 20 years at most.
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.
1995
Russia implemented a loans-for-shares scheme, where oligarch banks used funds lent to the government as collateral to acquire controlling stakes in core enterprises such as oil and metallurgy through auctions.
1995
In 1995, the Law on the People's Bank of China and the Commercial Bank Law were passed, marking the initial establishment of China's modern financial framework.
1994
With the China Three Gorges Project Corporation acting as the credit entity, the China Development Bank provided a massive 30 billion yuan, 15-year loan for the Three Gorges Project. At that time, Yu Xiaoping was responsible for related financing at the head office.
1994-01-01
Zhu Rongji pushed forward the tax-sharing reform, allocating 75 percent of value-added tax to the central government and retaining 25 percent for local governments, while establishing a vertical national tax team. This led to a massive surge in central government fiscal revenue alongside a sharp increase in local fiscal pressure, laying hidden dangers for land finance and local government debt.
1993-12-25
The tax-sharing reform, finalized at the end of 1993 and implemented the following year, established the framework for central-local fiscal distribution and land finance.
1993-12
In late 1993, China determined the plan to unify the RMB exchange rate, merging the official and market rates. The relevant reforms were officially implemented the following year.
1993
The video claims that the Japanese government implemented PKO market support by channeling public pension funds into the stock market, restricting short selling, and designating trust banks to buy shares, and that the support failed after the Nikkei index rose 2.9% in 1993; no public reports of this figure can be found.
1992-01
Russia implemented a privatization voucher program, issuing vouchers to citizens while the government simultaneously liberalized all prices, leading to hyperinflation. Ordinary citizens were forced to sell their vouchers at a discount, while factory managers and others seized the opportunity to sweep up control of enterprises.
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.
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
Fuzhou Group's first construction of large ocean-going cargo ships at a Chinese state-owned shipyard marks the first deep cooperation between the Zhao family and China's national industrial system.
1988
When Huawei was first founded, Ren Zhengfei required all staff to keep mattresses under their desks so they could sleep at the company and work directly when tasks were urgent. This is the origin of "mattress culture."
1985-04-15
Ma Yanqin was sentenced to death and executed by firing squad in 1985 on charges related to hooliganism. Years later, her case and the plight of her family have sparked public attention and reflection.
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.
1973
After the 1973 international oil crisis broke out, the dividends of Taiwan's traditional economic model came to an end. The Chiang Ching-kuo government turned to issuing government bonds to launch the Ten Major Construction Projects, which subsequently led to the birth of the Hsinchu Science Park and TSMC.
1973
After rising to high valuations, the Nifty Fifty fell sharply along with the bear market that began in January 1973; valuations were compressed to low levels, with earnings and valuation declining at the same time.
1959-07
In July 1959, the CCP Central Committee convened the Lushan Conference, after which China's political campaigns and economic policies shifted further.
1959
1961 was the most brutal year of China's Three Years of Natural Disasters, during which over 10 million Chinese people starved to death, and cannibalism even occurred in rural areas. Despite this, 9.49 million newborns were born that year.
1953
In 1953, Taiwan promoted the Land-to-the-Tiller program. The government requisitioned rented land exceeding the standard to sell to tenant farmers, and compensated landlords with land bonds and stocks of four state-owned enterprises, objectively achieving the privatization of state-owned enterprises.
1948-08-19
To curb hyperinflation, the Nationalist Government issued gold yuan notes and forced the public to hand over gold, silver and US dollars, and in the end the price-control policy collapsed.
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.
1929-03
In March 1929, after a warning from the Federal Reserve, the stock market suffered a mini-crash; Charles Mitchell, president of National City Bank (the predecessor of Citibank), announced $25 million in credit to prop up the market, and the call loan rate fell from 20% back to 8%.