In recent years, financial risks have emerged in various parts of mainland China, leading to a wave of officials in the financial sector (especially in banks) being investigated and disciplined. This has led to speculations that officials with financial backgrounds are being promoted to vice provincial governor positions, with reports suggesting that a professional official with experience in domestic and international capital markets has been transferred to serve as the vice governor of Gansu province. However, as of now, this news has not been officially confirmed.
After the vice governor of Gansu province, Zhao Jinyun, was investigated and removed from office, information regarding her official husband was also taken down from the official website.
A video showing municipal enforcement officers in Suining, Sichuan, brutally kicking and hitting a 66-year-old property owner has sparked widespread outrage among netizens. The property owner was violently attacked by the officers, causing injuries that required hospital treatment. A medical examination revealed a 2cm skin laceration on the left eyebrow reaching deep into the muscle layer.
The real estate market in Harbin continues to struggle, with property prices plummeting sharply across the country. Residents in Harbin are finding it increasingly difficult to sell their properties, with some seeing their homes drop in value by half. Real estate agents note that there is a surplus of properties while the population is declining, leading to further decreases in property prices. In Wuhan, residents facing financial pressures due to job cuts are being forced to sell their homes at significant losses.
Recent online discussions have revolved around a controversial statement made in Mianyang, Sichuan, where a leader allegedly remarked that “if there is a dead person at home, let it stink first.” This remark has sparked heated debates and discussions among internet users.
Following the defeat of the ruling coalition in Japan’s lower house elections on the 27th, concerns about the fate of Prime Minister Shizo Abe’s administration have heightened. Political experts suggest that Abe may face significant uncertainties and could become one of the shortest-serving prime ministers in Japan’s history. The upcoming Japanese Upper House elections in July next year are expected to bring about further political instability and potential changes in economic and diplomatic policies.
In 2004, the Epoch Times published a series of editorials titled “Nine Commentaries on the Communist Party,” which garnered international acclaim and was translated into 33 languages, including English, French, and Russian. The publication received various awards and nominations, solidifying its reputation as a groundbreaking work.
As the Chinese economy continues to decline, major steel companies are reporting significant drops in revenue and net profits for the third quarter. Baosteel Group, the largest steel enterprise in China, saw its net profits plummet by 64.77%, marking the lowest point so far this year.
The debt crisis facing Chinese real estate companies is having ripple effects across various industries, including the home furnishings sector. Leading custom home furnishing company, Oppein Home, reported a rare double-digit decline in both revenue and net profits in the third quarter, resulting in the closure of 536 stores compared to last year.
As the US election approaches, two Chinese stocks saw significant surges due to their names being homophones for the American presidential candidate, “Trump,” leading to increased investor interest.
During a high-level official meeting on the 29th, concerns about Xi Jinping’s leadership position within the Communist Party resurfaced amid ongoing economic stagnation in China. Analysts suggest that internal party struggles are intensifying due to economic challenges, putting both Xi and the Communist Party in a precarious position.
Analysts predict that the downturn in the Chinese real estate market is likely to persist for several years, even with the latest stimulus measures. The industry’s woes are expected to continue with little improvement projected until the second half of next year.
Residents of Qinhuangdao began experiencing coughing fits and complained of the air smelling like spicy noodles on the afternoon of October 29th, prompting suspicions of a possible gas leak. While officials claim to have identified the source of the issue, they have yet to release the information publicly, only advising people to limit outdoor activities, leading to public skepticism.
At a symposium on “China’s Economic Risks” hosted by the Taiwan Democratic Progressive Party on the 28th, participants discussed the increasing intensity of market intervention by the Chinese government. However, the primary concern remains the prevailing uncertainty in economic prospects, dissuading investments and consumption as long as uncertainties persist among businesses and the public.
In a thought-provoking discourse, a self-media individual expresses gratitude to “Master Li” for enlightening people on profound questions about human life, existence, and the concept of gods. The discourse delves into the universal fascination with the idea of deities across different cultures throughout history.