Former Mayor Tan Weizhong of Shenzhen was suddenly removed from office recently. News of his downfall has brought attention back to the relationship between the Ma Xingrui case and the officialdom in Shenzhen. According to the latest reports from Hong Kong media, as the investigation deepens, Ma Xingrui’s mistress has also been implicated in the case.
At the same time, a video of Pan Shiyi suddenly surfaced. The footage shows him discussing a letter from his friend Ren Zhijiang before he got into trouble at a private dinner party, claiming to be the first of the 11 recipients of the letter, with the others later being arrested… This video has sparked discussions, once again putting Ren Zhijiang in the spotlight of public opinion.
On the other hand, the chill in the Chinese economy is seeping into the daily lives of ordinary people. Some are in debt of millions, some spend all 365 days a year in their shops but cannot earn money, some work two jobs, cut down on social interactions, just to save a bit more money for retirement… As ordinary people become more and more reluctant to spend money, the senior officials of the Chinese Communist Party keep urging to “strengthen confidence, stabilize expectations”. Is there still hope for the Chinese economy?
[The production team of “Jiayin Moment”]