2026-11-12
In its 2026 budget document, Yan'an University proposed measures to resolve its financial distress. With a sharp decline in the proportion of fiscal appropriations, the university has begun to assign revenue generation and funding targets to ordinary teachers.
2026-11-12
Universities are requiring retroactive audits of corporate participation in teaching and graduation projects over the past three years, triggering a survival crisis for faculty unable to trace records or meet the indicators.
2026-11-10
A large Maersk container ship, the 'CMA CGM CINCINNATI', lost control while berthing at Yantian Port, crashing into the dock and causing a large quay crane to collapse into the container yard.
2026-11-09
The first report meeting on studying and implementing the spirit of the Fifth Plenary Session of the 20th Central Committee was held in Beijing. Netizens have been discussing the venue layout and the sitting posture of Zhang Shengmin when he met with members of the lecture group.
2026
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
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
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.
2026-10-31
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.
2026-10-26
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.
2026-10-25
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.
2026-10-22
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.
2026-10-20
The Wall Street Journal reported that China's real estate investment fell 21% in the first three quarters of this year, overall fixed-asset investment declined 7.2%, and consumer spending remains weak.
2026-10-14
On October 14, the National Bureau of Statistics released September data: the PPI rose 5.0% year-on-year, the largest increase since June 2022; the CPI rose only 0.9%, below market expectations, driven mainly by higher gasoline prices; the core CPI rose 1.0% year-on-year, unchanged from August. Reuters noted that weak domestic demand limits companies' ability to pass on costs.
2026-10-13
The IMF released its latest World Economic Outlook report, slightly raising this year's global economic growth forecast to 3.1%, and expects India to become the fastest-growing economy.
Location: Washington, United States ·
Importance III ·
Verification: Official claim ·
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2026-10-13
On October 13, the 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.
2026-10-11
According to a report by the Financial Times, China's economic growth in the second quarter fell to 4.3%, below the full-year target range of 4.5% to 5%. Retail sales and fixed-asset investment were weak, and the property market has been in a downturn for more than five years.
2026-10-11
Srinivasan, head of the International Monetary Fund's Asia Department, noted that China's growth model of relying on investment, manufacturing and exports is approaching its limits, and suggested improving the social security system, adjusting local government incentives and the land-finance model, warning that otherwise the country could fall into a prolonged slowdown.
2026-10-11
Morgan Stanley expects China's public debt-to-GDP ratio to reach 122% by the end of 2026, up 48 percentage points from before the pandemic.
2026-10-08
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.
2026-10-07
A survey by Nikkei and Nikkei Quick of 22 economists showed that China's economy is expected to grow 4.4% year-on-year and 1.1% quarter-on-quarter in the third quarter of 2026, falling below the government's full-year target range of 4.5% to 5% for the second consecutive quarter; respondents expect full-year growth of 4.6%.
2026-10
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.
2026-09-30
Data show that at the end of last year, among every 100 yuan of China's new industries, domestic demand exceeded exports by 28 yuan; by July 2026, exports surpassed domestic demand by 16 yuan. In eight months the balance between domestic demand and exports completely reversed, reflecting weak domestic demand and an economy increasingly reliant on exports.
2026-01
From January to May 2026, Beijing's total retail sales of consumer goods fell by 2.5% year-on-year.
2026
Official data from the Chinese Communist Party (CCP) shows that household deposits increased by 7.58 trillion yuan in the first half of the year, while household loans decreased, reflecting a strong precautionary savings tendency among ordinary people amid economic uncertainty.
2026
Data from the Ministry of Finance shows that national revenue from the transfer of state-owned land use rights has dropped to over 970 billion yuan, a year-on-year decrease of 31.5%.
2026-09-26
Simulations and calculations show that, in order to hold to the general budget target, the government's continued intensification of tax collection would make the tax base and corporate profits unable to bear the load, and the moment the red line is burned through falls around October 2028.
2026-01
According to data cited in the video, in the first five months of 2026, China's land transfer revenue fell by nearly 30% year-on-year, a steeper decline than for the whole of 2025.
2026
According to a media review, in Q1 2026, the fiscal self-sufficiency rates of all 29 provinces that had disclosed data were below 100%; at the same time, it has been pointed out that if the full year is taken into account, a local fiscal self-sufficiency rate below 100% is actually the norm.
2026-01
Ministry of Commerce data show that from January to July 2026, actual foreign investment nationwide was 438.33 billion yuan, a year-on-year decline of 6.2%.
2026-09-21
Reports on September 21 showed that the unemployment rate among non-student youth aged 16 to 24 in China rose to 18.9%, amid a continuing economic downturn. Although multiple economists have warned that AI is unlikely to drive employment, Beijing still plans to invest approximately $295 billion over the next five years to build a national data center network. Xi Jinping emphasized the importance of focusing on "hard power" rather than just GDP.
2026-09-17
On September 17, Evergrande Auto released its 2026 interim results, showing that the company has only 7 employees left, with total assets of approximately 182 million yuan and liabilities as high as 32.722 billion yuan. The company explicitly stated that it has exited the vehicle manufacturing business and has no intention to resume it, with the net profit for the first half of the year mainly derived from exchange gains on borrowings.
2026-09-17
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.
2026-09-15
The National Bureau of Statistics released data showing that national fixed-asset investment fell 7.2% year on year from January to August, while real estate development investment fell 19.9% year on year.
2026-09-15
On September 15, the National Bureau of Statistics announced that from January to August, national fixed-asset investment fell 7.2% year-on-year, private investment fell 10.1%, state-controlled investment fell 3.6%, and infrastructure investment fell 4.0%.
2026-09-15
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.
2026-09-14
The People's Bank of China released the financial data for August. New RMB loans nationwide totaled only 60 billion yuan, far below the market expectation of 404.3 billion yuan, and the year-on-year growth rate plummeted to a historic low of 4.9%. Both household and corporate loans experienced sharp declines, reflecting a frozen willingness for private sector investment and consumption.
2026-09-14
The aggregate financing to the real economy for August announced by the central bank was 1.66 trillion yuan, of which net government bond financing was 1.01 trillion yuan, accounting for 60.8%; renminbi loans to the real economy were only 60 billion yuan, accounting for 3.6%, meaning financing was mainly supported by government borrowing.
2026-09-14
Central bank data show that household loans decreased by 202.9 billion yuan in August, of which short-term loans fell by 121.9 billion yuan and medium-to-long-term loans fell by 82.2 billion yuan. Both the short and long ends declined simultaneously, indicating that residents are neither buying homes nor borrowing to finance consumption.
2026-09-14
Central bank data show that corporate loans increased by 260 billion yuan in August, of which short-term loans decreased by 160 billion yuan and medium- and long-term loans increased by 320 billion yuan, below the level of 470 billion yuan in new medium- and long-term loans in August last year.
2026-09-14
Financial data for August released by the central bank on September 14 showed that the year-on-year growth of the RMB loan balance fell to 4.9%, the lowest value since statistics began.
2026-09-14
Central bank data show that household deposits increased by 6.99 trillion yuan in the first 8 months of 2026, 2.78 trillion yuan less than in the same period a year earlier; over the same period, household loans decreased by a net 1.03 trillion yuan, and the household sector's overall balance sheet shrank by about 8 trillion yuan.
2026-09-14
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.
2026-09-10
On September 10, the Yunnan Provincial Department of Transport announced the application status for public institution recruitment. Among them, the "Admissions and Employment Management Post" at the Yunnan Transport Technician College recruited only 1 person, but attracted 5,172 applicants, with 4,953 passing the review and 2,106 completing the payment. This position has no major restrictions and is included in the public institution establishment.
2026-09-11
On September 11, a video circulated online showing a girl searching for and eating leftover food from a trash can, which garnered widespread attention and shares. The comment section for the related video was strictly limited, displaying only 3 comments, while a large number of netizens used bullet comments to express sarcasm and commentary.
2026-09-07
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
China's National Bureau of Statistics released fixed-asset investment data for January to August. Investment nationwide fell 7.2% year-on-year, while in the Northeast region fixed-asset investment dropped 25.5%, with Liaoning down nearly 30% in the first half of the year.
2026-09
A number of large companies in the Chengdu area have carried out layoffs, with many people job-hunting for as long as two or three months, while small companies have successively suffered losses and gone out of business, showing the impact of the economic downturn on the city's job market.
2026-09
There has been a significant increase in the number of middle-class business owners in Shandong, Henan, and Hebei inquiring about immigration and applying for passports, which may be related to concerns about the domestic economic outlook.
Location: Hebei, Henan, Shandong ·
Importance III ·
Verification: Reported ·
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2026-09
China's published fiscal data shows that in the first 8 months of 2026, revenue from state-owned land transfers exceeded 1.3 trillion yuan, a year-on-year decline of 28.6%.
2026-09
China's fiscal data show that in the first 8 months of 2026, debt interest payments approached 1 trillion yuan, a year-on-year increase of 5.4%.
2026-09
Official data from the Chinese Communist Party (CCP) shows a 1.1% nominal growth in total retail sales for the first nine months, but after adjusting for inflation, the real growth is only 0.2%. The growth is primarily driven by essential survival needs like grain and oil, while discretionary consumption has shrunk significantly.
2026-09
A large number of closed shops and faded 'for transfer' or 'for rent' advertisements have appeared on the streets of Xiamen, with some restaurant owners stating they can no longer afford the rent.
2026-09
A videographer at Huijing Life Plaza near Luban Road subway station in Huangpu District said that multiple shops have closed, with Starbucks, a beef restaurant, a barbecue restaurant and an education and training institution among those that have ceased operations, and foot traffic in the mall is sparse.
2026-09
A videographer at New Continent Plaza in Lujiazui, Pudong, said that many shops in the plaza had already closed, and the shops on the second floor were also relatively deserted.
2026-09
A Shanghai netizen said that in the Changshou Road area, some people who have nowhere to live bring blankets at night and sleep on other people's spare sofas, and when the weather is warm, some also sleep under bridges.
2026-09
Data show that China's GDP grew only 4.3% year-on-year in the second quarter, below the full-year target range of 4.5% to 5%, with the property market remaining sluggish and weak consumption and investment figures.
2026-09
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.
2026-08-31
China's National Bureau of Statistics announced that the manufacturing PMI for August was 49.8, up 0.6 points from July; the new orders index was 50.6.
2026-08-28
On August 28, 2026, official statistics showed that Shanghai’s total retail sales of consumer goods in July 2026 were 120.978 billion yuan, down 6.3% year-on-year, marking a fourth consecutive month of negative growth with the decline widening.
2026-08-21
Data released by the Ministry of Finance of the Chinese Communist Party (CCP) shows that land grant revenue across China fell by 31% from January to July 2026.
2026-08-19
This year's Qixi Festival box office hit a nearly 10-year low, down more than 60% year on year, while florists said rose sales were cut in half.
2026-08-17
China's National Bureau of Statistics announced that fixed-asset investment fell 6.7% year-on-year from January to July, private investment fell 9.4%, and infrastructure investment fell 3.6%.
2026-08-17
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.
2026-08-11
On August 13, 2026, China's provinces released their fiscal data for the first half of the year. National local land transfer revenue plummeted 31.5% year-on-year, and grassroots finances face severe pressure to guarantee the "three essentials."
2026-08
According to projections based on multiple independent channels, approximately 3.84 million businesses across China permanently ceased operations in the first half of this year, with a half-year exit rate exceeding 11%.
2026-08
In August 2026, the People’s Bank of China released financial data showing that the month’s nationwide new RMB loans were only 60 billion yuan, far below the market expectation of 4,040 billion yuan. In the first eight months, nationwide new loans totaled 10.44 trillion yuan, nearly 3 trillion yuan less year‑on‑year. Government bonds accounted for 1.01 trillion yuan of the total 1.66 trillion yuan of financial involvement in society, a year‑on‑year plunge of 35%, while corporate and household loans shrank sharply.
2026-08-01
On August 1, 2026, Qiushi, the journal of the CCP Central Committee, published an article candidly acknowledging that there is a temperature gap between macroeconomic data and the micro-level experience of the ordinary public, conceding that intensifying competition for jobs and improvements in income have fallen short of expectations, sparking widespread social discussion.
2026-08
According to National Bureau of Statistics data compiled by the Continuation Index, retail sales of automobiles by enterprises above the designated size in August 2026 stood at 327.89 billion RMB, 100 million RMB less than the 327.99 billion RMB in August 2021, representing a year-on-year decline of 18.5% and marking the 9th consecutive month of decline.
2026-08
According to a blogger's statistics, China's auto sales in August 2026 were about 100 million fewer than in the same period of 2021, wiping out all the gains of the five years, and have now declined for the 9th consecutive month. Auto consumption is collapsing at an accelerating pace, reflecting weak domestic demand.
2026-07-31
China's manufacturing PMI for July was 49.2, down 1 percentage point from June; PMI for large, medium, and small enterprises were all below the expansion-contraction threshold.
2026-07-30
Data from the National Institution for Finance and Development show that the household sector's leverage ratio stood at 59.0% at the end of Q1 2026 and dropped to 57.7% in Q2, while household mortgage debt has recorded negative growth for 13 consecutive quarters since Q2 2023.
2026-07-27
The National Bureau of Statistics (NBS) of the Chinese Communist Party (CCP) released good news claiming that profits of industrial enterprises above designated size increased by 18.7% year-on-year in the first half of the year, but actual performance showed severe industrial divergence, with the majority of profits swallowed by a few upstream industries.
2026-07-22
On July 22, 2026, Bloomberg reported that the Chinese government's fiscal spending in June fell sharply by 11.9% year-on-year, while local land transfer revenue in the first half of the year plunged by more than 30%, reflecting local fiscal difficulties and the government's strict control over spending.
2026-07-22
In the first quarter, 28 provincial-level administrative regions in China had a general public budget self-sufficiency rate of less than 100%, meaning local budget revenue was insufficient to cover expenditures.
2026-07-22
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.
2026-07-15
Statistical data shows that China's total retail sales of consumer goods grew by 1% year-on-year in June, turning from a 0.6% year-on-year decrease in May to positive growth.
2026-07-15
In the first half of the year, China's fixed asset investment fell 5.7%, and total retail sales of consumer goods barely grew, almost stagnating.
2026-07-15
Official data released by the Chinese Communist Party (CCP) show that China's gross domestic product grew 4.7% year on year in the first half of 2026, after growing 5.0% in the first quarter.
2026-07-15
On July 15, 2026, China's National Bureau of Statistics released data showing that national GDP grew 4.7% year-on-year in the first half of 2026, while growth in the second quarter slowed to 4.3%, falling short of the full-year target, with real estate investment down 18% year-on-year.
2026-07-15
China announced that GDP grew 4.3% in the second quarter. Nominal growth exceeded real growth for the first time in 13 quarters, mainly driven by price increases upstream.
2026-07-15
In the first half of 2026, China's GDP grew by 4.7%, and total retail sales of consumer goods increased by 1.3% year-on-year.
2026-07-15
In the first half of 2026, household loans in China decreased by 366.8 billion yuan, with short-term loans accounting for a decrease of 588.1 billion yuan.
2026-07-15
In the first half of the year, China's aggregate financing to the real economy increased by 20.84 trillion yuan, 2.02 trillion yuan less than the same period last year; new RMB loans in June alone were 1.61 trillion yuan, more than 600 billion yuan less than the same period last year.
2026-07-09
The National Bureau of Statistics of China released June price data, showing CPI rose 1% year-on-year and PPI fell 4.1% year-on-year, expanding the scissors gap to 3.1 percentage points.
2026-07-08
A China economic briefing released by the World Bank on July 8 pointed out that China's domestic demand will continue to shrink and housing prices will fall, with the root cause being that the government of the Chinese Communist Party (CCP) uses 43% of its budget for investment while underfunding people's livelihood.
2026-07
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
The video claims that in 2026 the central government's annual new debt will reach 16 trillion yuan, higher than the 7.2 trillion yuan in 2021.
2026-07
The market widely expects China's year-on-year GDP growth in the second quarter of 2026 to fall back to 4.2% to 4.5%, while the Bank of China Institute of International Finance has forecast 4.7%.
2026-07
Relevant data show that the profit margin of China's automobile industry has dropped from 7.8% in 2017 to 4.3% in 2024, and is expected to fall to a historic low of 3.4% in 2026.
2026-07
Data show that in the first five months of 2026, household sector loans decreased by a net 631.4 billion yuan, of which short-term loans fell by 694.2 billion yuan; as of May, household loans had seen net repayment for two consecutive months.
2026-07
Data show that medium- and long-term loans to Chinese enterprises have declined for two consecutive months, a situation said to be the first since relevant data became available in 2013.
2026-07
Relevant data show that the net interest margin of China's banking sector has dropped to 1.2%, squeezing the profit margins of commercial banks.
2026-07
Data show that China's banking sector recorded a net profit of 632.3 billion yuan in the first quarter, down 3.7% year-on-year, with growth turning from positive to negative compared with the full year of last year.
2026-07
Data show that the net profits of China's rural commercial banks and city commercial banks fell 30.2% year on year, while the disclosed non-performing loan ratio rose to 2.79%.
2026-07
Data show that in the first 5 months of 2026, the Chinese government's net bond financing reached 5.67 trillion yuan, accounting for 77% of all newly issued bonds.
2026-07
China recently completed a successful recovery of a reusable rocket, sparking public discussion about China's technological breakthroughs and future investment in space programs.
2026-07
Data shows that from January to June, China's national fixed asset investment fell 5.7% year-on-year, private investment fell 8.5%, and real estate development investment fell 18%.
2026-07
In July, nationwide new RMB loans turned negative, with a net reduction of 340 billion yuan, reflecting that households and enterprises have stopped borrowing and are accelerating deleveraging.
2026-07
The video claims that the scale of Chinese residents' deposits has risen to about 160 trillion yuan.
2026-07
The video claims that more than 70% of the debt currently issued by the Chinese Communist Party is bought by banks.
2026-07
Data show that China's bill financing increased by 557 billion yuan in May, 482.4 billion yuan more than the same period last year.
2026-07
After Black Sea shipping routes were disrupted, China turned to South and North America for emergency spot purchases of grain, with international grain traders charging an extra $42.5 per ton.
2026-07
The host noted that many private schools in China had difficulty recruiting students last year, with some even receiving zero applications, leading to the closure of some schools. This reflects the impact of the current economic downturn on the education sector.
2026-07
The ten-year government bond yield has fallen to 1.74%, half the average level of the past twenty years, deepening the income crisis for long-term assets such as pension funds.
2026-07
As of the middle of this year, the national industrial capacity utilization rate has dropped to 73%, with a large number of machines sitting idle and industrial operating rates severely insufficient.
2026-07
China's total retail sales of consumer goods rose 0.6% year-on-year in July; retail sales of automobiles fell 13.2% year-on-year from January to July.
2026-07
Data shows that the ratio of exports to domestic demand in China's new industries reversed within eight months, with export reliance rising significantly and sparking concerns over escalating trade disputes.
2026-07
In July, total social consumption increased by 0.6% year-on-year. Among them, consumption of mall brands fell by 3.4%, while small shop consumption bucked the trend with a 3.1% growth, forming a consumption scissors gap of 6 percentage points.
2026-07
Data shows that July exports grew by 17.8% year-on-year, with the top 15 products contributing 14.9% of the growth, while the remaining 1,195 products contributed only 2.8%, and 492 products saw a decline in exports.
2026-07
Data monitored by the China Passenger Car Association (CPCA) shows that in July, both retail sales and manufacturer wholesale volumes in the national passenger car market plunged 18% year-on-year, while retail sales shrank 28% month-on-month.
2026-06-22
Data released by the Ministry of Finance show that national land transfer revenue in the first 5 months of 2026 was 804.8 billion yuan, a year-on-year decline of 28.7%.
2026-06-17
At the Shenzhen import and export trade fair, due to a scarce turnout of buyers and suspicions of hiring fake foreigners to pad attendance, hundreds of exhibitors staged a collective protest demanding refunds of tens of thousands of yuan in exhibition fees, while a large contingent of SWAT police confronted and suppressed them at the scene.
2026-06-16
In May 2026, China's total retail sales of consumer goods fell 0.6% year-on-year, marking the first monthly decline since December 2022, with sharp drops in sales of automobiles, home appliances, building materials and other categories.
2026-06-16
On June 15, 2026, officially released data showed that China's total retail sales of consumer goods fell 0.6% year on year in May, the first negative year-on-year growth in this consumption indicator since the adjustment of epidemic prevention and control measures ended.
2026-06-12
According to the Chinese Communist Party's March budget execution report, the scale of statutory government bonds has officially surpassed 100 trillion yuan, while hidden debt is estimated at no less than 90 trillion yuan.
2026-06-08
The China Passenger Car Market Information Joint Branch released May market data: national passenger car retail sales totaled 1.51 million units, a sharp year-on-year decline of 22.1%, setting a record of eight consecutive months of year-on-year decline and reflecting the continued weakness of domestic consumer demand.
2026-06
The program reveals that the total debt of governments at all levels in China and related liabilities have accumulated to 100 trillion RMB, pointing out that these massive debts will ultimately be shifted onto ordinary citizens to pay.
2026-06
As of June 2026, the yield on China's 10-year government bonds fell to about 1.7%, a new low for the year, creating an inversion of about 2.75 percentage points against the roughly 4.5% yield on 10-year U.S. government bonds.
2026-06
In the first half of 2026, China's stock of aggregate financing to the real economy reached 458.81 trillion yuan, up 7.7% year on year, with government bonds growing the fastest.
2026-06
According to statistics from the Magic Mirror Insight monitoring agency, mainstream e-commerce mooncake sales from June to August 2026 totaled 439 million yuan, down 21.6% year-on-year.
2026-06
According to central bank data, at the end of June 2026 the broad money M2 balance stood at 356.71 trillion yuan, up 8% year on year.
2026-05-27
On May 27, 2026, a related interpretation of financial data showed that in Q1 2026, the fiscal self-sufficiency rates of all 28 provincial-level regions nationwide fell below 100%, with no region able to cover its expenditures solely through its own tax revenue and general public budget revenue.
2026-05-19
On June 7, 2026, industry statistics showed that China's outstanding credit card issuance declined from a peak of about 810 million cards in 2022 to about 690 million cards, a cumulative drop of more than 120 million cards over more than three years.
2026-05
Bloomberg reports show May retail sales dropped 0.6% year-on-year, while fixed asset investment shrank 4.1% in the first five months, leaving consumption and investment stagnant.
2026-05
The National Bureau of Statistics of the Chinese Communist Party released data for January to April, showing a year-on-year increase of 18.2% in total profits, but profits in the real estate chain—such as non-metallic minerals and ferrous metal smelting—plunged sharply, showing extreme divergence.
2026-05
Total retail sales of consumer goods in May showed their first negative value since the pandemic, foreign investment, confidence index, and local government finances all hit record lows, while the official unemployment rate slightly dropped to 5.1%.
2026-05
From January to May 2026, China's urban fixed-asset investment fell 4.1% year-on-year, with real estate development investment down 16.2% and manufacturing investment contracting.
2026-05
In May 2026, China's CPI rose 1.2% year-on-year and PPI rose 3.9% year-on-year, indicating rising corporate costs but limited revenue capacity, squeezing profit margins of private enterprises.
2026-05
In May 2026, the total retail sales of consumer goods in China fell by 0.6% year-on-year.
2026-05
In late May 2026, according to data from Enterprise Early-Warning (Qiye Yujingtong), China's government bond stock stood at approximately 101.15 trillion yuan, exceeding 100 trillion yuan for the first time; the video also claimed that the figure would exceed 200 trillion yuan when hidden debt is included, but no authoritative source was found for this measure.
2026-04
In the first quarter of 2026, China issued more than 6.7 trillion yuan in government bonds, of which local government bonds exceeded 3.1 trillion yuan and treasury bonds exceeded 3.6 trillion yuan.
2026-03
At the Two Sessions, the Chinese Communist Party lowered its GDP growth target from the previously fixed 5% to a range of 4.5% to 5%, and no longer set a specific growth target in the new five-year plan, which is seen as a limited concession to deflationary pressures.
2026
The video cited data claiming that China's property yields are about 2.26%, below the 3.5% benchmark cost of funds, with a net carry of about -1.24%; no public report of this data could be found.
2026
In 2026, the posted one-year lump-sum deposit rate at large state-owned banks was 0.95% and the three-year rate was 1.25%; the video analyzed on this basis that the purchasing power of household savings is being eroded by inflation.
2026
After peaking at 13.42 million in 2024, the number of Gaokao registrations in China has continued to decline, dropping to 12.9 million in 2026, a decrease of 450,000 from the previous year.
2026
Leiyang, Hunan once claimed that its industrial park had introduced more than 60 enterprises, but in reality, there were only 5 enterprises with fewer than 100 employees.
2026-01
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
According to Caicai magazine, Xiaomi Home has closed more than 2,000 stores within half a year.
2025-12-22
A report by Rhodium Group dated December 22, 2025 estimated that China's real GDP growth in 2025 was between 2.5% and 3%, roughly half the officially announced rate.
2025-04-22
From 2010 to 2024, the permanent resident population of the three northeastern provinces dropped by 14.56 million from a peak of 109 million, including 2.23 million in Liaoning, 4.293 million in Jilin, and 8.043 million in Heilongjiang, bringing the total back to the level of the 1980s.
2025-02
In February 2025, data from the State Administration of Foreign Exchange showed that the net inflow of foreign direct investment into China in 2024 was only about $4.5 billion, the lowest since 1991 and just 2% of the 2021 peak of $344.1 billion.
2025
According to forecasts by CCP statistics departments cited in the video, China's working-age population will decrease by 250 million between 2025 and 2050, weakening the demographic foundation for home purchases and credit expansion.
2025
Official data shows that in 2025, nearly 160,000 people nationwide were disciplined for issues such as "inaction, arbitrary actions, and fraud," a year-on-year increase of 16%.
2025
In the first three quarters of 2025, China's net direct investment was negative.
2025
In 2025, China's use of foreign capital fell 9.5% year-on-year, marking the third consecutive year of decline.
2025
In 2025, China's high-tech industry actually used 241.8 billion yuan in foreign investment, down 15.6% year on year.
2025
In 2025, China's major electric vehicle companies posted a combined net profit of about 25 billion yuan; given the current scale of investment, it will take long-term operations to recoup the outlay.
2025
According to data cited in the program, color TV sales volume decreased year-on-year in the first 11 months of 2025, and retail sales fell by 2%; the growth part mainly comes from sales amounts after national subsidies.
2025
According to the 2025 China Sports and Fitness Industry Data Report, the total number of fitness members nationwide in China exceeds 84 million, down 3.44% year on year.
2025
According to conservative estimates by Bloomberg, by the end of 2025, over 100 million of China's 1.1 billion adult population faced overdue debts, accounting for a staggering 10.6%.
2024-12
Gao Shanwen, Chief Economist of SDIC Securities, publicly questioned official data from the Chinese Communist Party (CCP) during an internal investment lecture, estimating that the actual average growth rate over the past two to three years may only be around 2%.
2024-09
Officially released figures show that profits in Beijing's catering industry fell 88.8% year-on-year.
2024
In 2024, China's net direct investment was negative 0.8% of gross domestic product.
2024
The report cited data showing that Foshan's economic growth rate in 2024 was 0.2%; the local government plans to transform Foshan into a robotics industry hub.
2024
Hailun's general public budget revenue in 2024 was 6.77 hundred million yuan and expenditure was 72.64 hundred million yuan, with revenue accounting for about 9% of expenditure.
2024
Hailun budgeted 38.3 million yuan in revenue from fines and confiscations at the beginning of the year, but actual revenue at year-end was 59.51 million yuan, a budget completion rate of 155%.
2023
According to Guizhou's budget report, as of the end of 2023, the Guizhou government's debt balance was 1,512.469 billion yuan, accounting for about 72% of the regional GDP, exceeding the 60% warning line.
2023
In 2023, China's net direct investment widened to negative 1% of gross domestic product.
2023
Economist Gao Shanwen believes that China's GDP annual growth over the past 3 years was about 2% rather than 5%, with a cumulative overstatement of about 10% over the 3 years.
2022
In 2022, net direct investment on China's balance of payments turned negative for the first time, at -0.1% of gross domestic product.
2022
According to reports, by 2022 Zibo's debt increased to approximately 108 billion RMB, doubling from before Jiang Duntao took office.
2022
In 2022, backed by massive subsidies, China's photovoltaic industry as a whole achieved net profits of over 100 billion yuan, reaching the industry's peak.
2022
Land transfer revenue peaked at 8.7 trillion yuan in 2021, then recorded double-digit declines for four consecutive years starting in 2022, falling to 4.15 trillion yuan in 2025, a drop of about 52.3% from the peak.
2022
The video claims that Rongding Group estimated China's actual GDP for 2022 to 2025 to be about 11% lower than the official figures; the publicly available Rongding report only gives an actual growth rate of 2.5% to 3% for 2025, and no such cumulative estimate can be found.
2021
An article in Foreign Affairs estimates that China's share of global GDP has fallen from a peak of 18.5% in 2021 to 16.7% by official estimates, with actual estimates being around 15%.
2021
China introduced policies targeting after-school tutoring and the private education industry; the video claims that education and training institutions such as New Oriental were hit as a result.
2020-05-28
On May 28, 2020, at the closing press conference of the Two Sessions, Li Keqiang said that China's per capita annual income is 30,000 yuan, but 600 million people earn only 1,000 yuan a month.
2020-03-16
Driven by the market collapse triggered by the epidemic, the VIX hit a record single-day closing high of 82.69, the highest since its inception in 1990.
2016-09
In September 2016, Dushan County in Guizhou broke ground on a nearly 100-meter-tall all-wood Water Company Building despite fiscal revenue of less than 1 billion yuan, taking on nearly 200 million yuan in debt; it later became an unfinished project after the funding chain broke.
2016
In 2016, fixed-asset investment in Liaoning Province plunged 63.5%, and in March of the same year Northeast Special Steel went into substantive default, marking the complete collapse of Northeast China's balance sheet and credit.
2010
Heilongjiang's resident population fell from a peak of 38.33 million in 2010 to 30.01 million in 2025, a decrease of 8.32 million over 15 years.
2008
Citing data, the program claimed that China's cumulative infrastructure investment from 2008 to 2024 was about 120 trillion yuan, averaging roughly 9.7% of GDP per year; no public source could be found for this figure.
2007-03
The then-Secretary of the Liaoning Provincial Party Committee, Li Keqiang, told the US Ambassador that Liaoning's GDP figures were man-made and for reference only, and that he only looked at electricity consumption, railway cargo volume, and bank loans.
2000
At the fifth national census in 2000, the total fertility rates of Liaoning, Jilin, and Heilongjiang had all fallen below 1.0, 23 to 25 years ahead of the national average.
1990
In 1990, China's GDP growth fell further to 3.8%, and the economic situation was severe.
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.
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.