**Daily Digest for Readers**
1. **Reported: Jiangsu Car Dealer Defaulted with 60 4S Stores**
There are reports that Jiangsu’s well-known car dealer, Senfeng Group, went bankrupt. The owner, Shen Feng, fled on the evening of July 7 and has been unreachable since. Insider sources revealed that Senfeng Group’s financial chain has broken, leaving employees unpaid for over 4 months. As of now, Senfeng Group has not responded to the situation.
2. **Chinese Banks’ Salary Reversal Sparks Discussion**
Several articles circulating in the market discuss the lengthening list of Chinese banks “reversing salaries”, limiting, reducing, or even withholding payments. This has sparked widespread discussion and attention within the financial sector, bringing salary issues in the financial circle to the forefront of public interest. Last year, 11 listed banks, including Bank of China, cumulatively withheld nearly a billion RMB in salaries.
3. **15 Taiwanese Detained and Tried During Mainland China Visits**
Taiwan’s National Security Bureau Chief, Tsai Ming-Yen, stated during a Foreign Affairs and National Defense Committee meeting at the Legislative Yuan on the 8th that 15 Taiwanese individuals in the Mainland, Hong Kong, and Macau regions have been detained and tried since last year. Additionally, 51 others faced interrogation during entry, marking an increasing trend in such cases.
4. **A-Share Market Plummets with Over 4800 Stocks Declining**
On July 8th, the A-share market experienced a general decline, with all major indices dropping. Over 4800 stocks saw a decline, with the trading volume in Shanghai and Shenzhen markets staying below 600 billion RMB for four consecutive days.
5. **9th Anniversary of 709 Incident: Human Rights Lawyers Prepare to Navigate Dark Times**
Nine years ago on July 9, 2015, the Chinese government initiated a large-scale crackdown on human rights lawyers and activists, known as the “709 Incident.” This crackdown, symbolizing the suppression of civil society and human rights lawyers by the Chinese Communist Party, marks a milestone of unwavering resilience and new beginnings for human rights defenders in China.
6. **Sichuan Province Fully Cancels Gold Exchange, Public Calls for Accountability**
Following the closure of gold exchanges in Hunan, Liaoning, Xi’an, and Chongqing, the latest news reveals that Sichuan Province has completely canceled its gold exchange. Over the years, the rapid growth of gold exchanges across China has faced numerous risks due to ineffective regulation.
7. **Dongting Lake Breach Prompts Official Donation Call, Met with Online Ridicule**
After an emergency breach of the embankment at Tuanzhou Dyke in Huarong County, Hunan, local attempts to block the breach failed, leading to the inundation of Tuanzhou Dyke. Subsequently, the Huarong County government issued a donation appeal, which was mocked by online users. Donations from companies faced resistance as citizens increasingly distrust the government’s relief efforts.
8. **Shandong Provincial Party Committee’s Official Newspaper Involved in Fabrication, Police Allegedly Staged Rescue Efforts**
With ongoing flood disasters in mainland China, staged acts seem to have become the primary “relief” measures by the Communist Party. Recently, it was revealed that the official newspaper supervised by the Shandong Provincial Propaganda Department staged a video to showcase a rescue scene by the Linyi police. Some netizens exposed the video as fabricated, as their vehicles were forcefully used as props for the police, resulting in the loss of valuables inside.
9. **Platform at Hangzhou East Railway Station Experiences Subsidence Only 11 Years After Opening**
Recent online revelations suggest that there are platform subsidence issues at the Hangzhou East Railway Station, which opened just over 11 years ago. Passengers now need to “leap” off the stairs when alighting from trains.
10. **Why is the Topic of China’s Impending Population Peak so Sensitive?**
An article published on an official population research website claimed that China is set to experience an unprecedented peak in population mortality, raising sensitive questions. The full article is now unavailable on its original site, and related topics swiftly disappeared from Weibo after trending on the 7th. Experts suggest that the article contains hidden details, leading to its removal, with authorities concerned about the upcoming Third Plenum meeting this month.
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