On October 3, 2024, Epoch Times combs through must-read articles for readers:
1.
Director of Shaoyang Public Security Bureau in Hunan Province shot by subordinate; details revealed
On October 1, multiple sources disclosed that a shooting incident occurred during a flag-raising ceremony at the Shaoyang Public Security Bureau in Hunan Province. Shaoyang Deputy Mayor and Director of Public Security Bureau, Li Changyue, and a member of the special police team were shot and sent to the hospital. It was reported that Director Li Changyue was seriously injured and undergoing treatment, while the shooter was Duan Peng, the deputy leader of the second squadron of the Shaoyang Public Security Bureau’s Special Police Detachment, who died by suicide after the shooting. Informed sources indicated that there was a conflict between the shooter and the Public Security Bureau Director regarding promotion issues.
2.
Increase in the number of foreclosed houses in mainland China leads to stagnant sales
As the real estate market in mainland China hits a low, foreclosed houses, known as “bargains” by the public, are also facing difficulties in sales. Some people believe buying a discounted foreclosed house is a good deal, but others who purchased foreclosed houses are unable to move in, putting them in a dilemma. Therefore, foreclosed houses have been criticized as potentially risky areas with deep waters.
3.
The top 10 cities in China with the most protests due to economic reasons
The overseas human rights organization “Freedom House,” through the establishment of the “Different Voices Network,” recently released an analysis report on civil gatherings and protest activities in China due to economic reasons, listing Shenzhen as the top city.
4.
Hang Seng Index plunges in the morning trading session, dropping by a thousand points; real estate stocks plummet
On October 3, during the morning trading session, both the Hang Seng Index and the Hang Seng Tech Index recorded declines. Real estate stocks experienced a collective nosedive.
5.
Wang He: Why don’t they come to China anymore if they love it?
Anne Stevenson-Yang, an American who arrived in China in early 1985 to work for the English department of the official monthly magazine “China Pictorial.” At that time of China’s prosperous era, she found Mao Zedong’s ideology and socialism “particularly powerful.” She said, “I want to learn…to address some of the social problems in the United States, one can achieve a more ideal society.”
6.
Chinese stand-up comedy mocks the workplace as tough; where are the interests of employees?
In recent years, Chinese netizens have often used “cattle and horses” to refer to those who are compelled by life to engage in arduous labor. However, the resistance of these “cattle and horses” to their own circumstances is often futile. How do the “cattle and horses” in mainland China view their situation? Former management personnel from Chinese enterprises have stated that China’s labor laws fundamentally do not protect the interests of employees.
7.
Shenzhen property developers face debt collection of 7.4 billion yuan from Shanghai Bank
Recently, the Shanghai branch of a bank filed lawsuits against Shenzhen Deepbay Logistics Group Co., Ltd. to recover two loans totaling nearly 7.4 billion yuan in principal and interest, sparking widespread attention within the industry. This litigation also involves multiple parties such as Yao Zhenhua and Baoneng Group. Currently, the overdue loans and guarantees of Deepbay Logistics at the Shanghai bank amount to over 10 billion yuan.
8.
Analysis: CCP’s 75 years of rule facing ten major crises
On October 1 of this year marked the 75th anniversary of the establishment of the ruling power of the Chinese Communist Party. Facing technological containment and economic sanctions led by the United States, the Chinese economy is showing a continuous downward trend, bringing the ten major crises currently faced by China to the forefront. In the face of the internal tension in economic and social relations, the CCP’s available measures appear to be quite limited.
9.
Chinese student suspected of stabbing three Swiss children, more details exposed
Swiss prosecutors stated on Wednesday, October 2 that a Chinese national stabbed three five-year-old boys in Zurich on Tuesday, with the victims currently out of life-threatening danger. Additional information about the suspect has been disclosed by local media.
10.
On the 75th anniversary of the CCP’s rule, US breaks tradition by not sending congratulations
Unlike previous years, the US Department of State has yet to send congratulations to Xi Jinping on the 75th anniversary of the CCP’s rule.
11.
Under high pressure from the CCP, malignant incidents occur frequently; experts: China faces significant uncertainties
During the 75th anniversary of the CCP’s rule, under political repression from the CCP and amidst a mix of public grievances and official resentment, society has seen a rise in indiscriminate killings, police infighting, and shootings. Authorities are strengthening stability maintenance for dissidents domestically, while experts state that regardless of the scale of crises faced, the CCP continues to suppress dissidents, leading to significant uncertainties in China at present, with overseas democracy movements preparing for the collapse of the CCP’s tyranny.
12.
China’s “top prefab food stock” suffers massive revenue decline; market value evaporates billions
With the slowdown in the Chinese consumer market and intensified competition in the enterprise market, pre-made meals face unprecedented challenges. Recently, the performance and stock prices of “Weizhixiang,” known as the “top prefab food stock” in A-shares, have taken a hit.
13.
Growing pessimism among Chinese for the future as over 6,000 rights protection incidents occur in over two years
A joint research report from Harvard University and Stanford University indicates that the proportion of Chinese people optimistic about China’s economic prospects over the past 10 years has plummeted by 26%. Whether lower-class citizens, middle-class individuals, or social elites, they all face threats such as reduced wages, unemployment, declining living standards, and bankruptcy. Dissatisfaction with reality and resistance are accumulating and spreading, leading to a surge in rights protection incidents.
14.
The Central Commission for Discipline Inspection catches internal mole; the Organization Department rarely claims responsibility; analysis: internal power struggle
The Central Commission for Discipline Inspection and the National Supervisory Commission of the CCP caught another deputy-level “mole.” On the evening of September 30, Li Gang, the leader of the Discipline Inspection and Supervision Group of the Central Organization Department, was sacked. On October 2, the Organization Department rarely issued a statement affirming to “uphold support for the central decision.” Analysts believe that Li Gang’s fall seems to be the outcome of a power struggle between Li Xi’s Central Commission for Discipline Inspection and Li Ganjie’s Central Organization Department, with the Organization Department apparently losing and Chen Xi, who is behind Li Ganjie, also taking a hit.
15.
Five Chinese citizens accused of lying and concealing their whereabouts for midnight visit to a US military base
US authorities have accused five Chinese citizens of lying and attempting to cover up their visit to a military base in Michigan in the middle of the night.