Research, editing : Gan Yung Chyan, KUCINTA SETIA
News on disease control, Taiwan, CCP, Russia, U.S.
News (1)
Ministry of Health: Average daily increase of 8881 local cases in a week in Singapore
Image of passenger arrivals in Changi from Narita during the pandemic : Researcher's Picture
Local confirmed covid cases in Singapore have dropped to 6,947 on 17 July 2022, with three more deaths, while the weekly case transmission rate remained at 1.03. In addition, the Ministry of Health (MOH) also provided new statistics, saying that over the past seven days, there have been an average of 8,881 new local cases per day in the country.
According to the latest data released by the Ministry of Health, as of 12 noon today (17th), 694 of the new cases were detected by Polymerase Chain Reaction (PCR) testing, and 6253 cases were detected by Antigen Rapid Test (ART).
As for 17 July 2022, there are 6,638 local cases and 309 imported cases.
It is worth mentioning that the Ministry of Health also provided new statistics in its daily report today, saying that in the past seven days, there have been an average of 8,881 new community cases in Singapore every day.
News (2)
MOH withdraws "low risk" note
At the same time, the MOH also deleted the original comment, that is, "the ART test was positive, and it was identified by a doctor as a mild and low-risk case."
News (3)
Covid data of Singapore on 17 July 2022
There are 1,596,046 confirmed cases and 1,453 deaths in Singapore as of 12 pm of 17 July 2022.
A total of 789 people are currently hospitalized, 18 more than 16 July 2022 while 81 people in the general ward need oxygen supply, 17 less than 16 July 2022 and the number of people in the intensive care unit has decreased by three, and there are currently 14 people.
A total of 10,947 people have completed isolation or been discharged from hospital in the past day. Of the 214,769 confirmed cases in the past 28 days, 99.7% were asymptomatic or only mildly symptomatic, 0.2% required oxygen supply, 0.03% were admitted to intensive care units, and 0.02% died.
News (4)
Vaccination rate in Singapore on 16 July 2022
As of 16 July 2022, the rate of locally vaccinated population had increased to 93%, with 78% of the population receiving booster doses.
News (5)
Singapore reports 10,526 confirmed covid cases on 15 July 2022
In Singapore, where the number of confirmed covid cases exceeded 10,000 for three consecutive days, 10,526 new cases of the disease were added on 15 July. These confirmed cases cause the weekly case transmission rate rose to 1.03.
News (6) to (14) / Reporters : Wang Xinyi, Zhou Jiaru / https://news.tvbs.com.tw/life/1850276, https://news.tvbs.com.tw/life/1851437
News (6)
Abnormal sense of smell is no longer an indicator of BA.5 covid, experts reveal that BA.5 "symptoms" may last for 7 days
Image : Loss of smell and taste are no longer the defining symptoms of the BA.5 covid outbreak (Web Screenshot)
The Omicron BA.5 variant swept the world, and even slowly became the mainstream virus strain. Following the epidemic in Europe and the United States, Japan also caused the seventh wave of the epidemic due to BA.5. The number of confirmed cases in a single day exceeded 110,000 yesterday, and infections also appeared in Taiwan. The source of the BA.5 community case is yet to be clarified,. Wu Changteng, the chief physician of the Children's General Medicine Department of Linkou Chang Gung Hospital, reminded that the loss of smell and taste is no longer the indicator symptoms of this wave of epidemics.
News (7)
Sore throat the most common symptom of BA.5 covid lasts for a week
After infection with BA.4 and BA.5 mutant strains , the most common symptom is "sore throat" and lasts for 7 days.
News (8)
65% of covid cases are BA.5 as of 9 July 2022
Since the emergence of Omicron, the mainstream position of the global epidemic has been in the hands of the Omicron family. Wu Changteng said that the key behind this is Omicron's immune escape ability, that is, the ability to break through "natural immunity" or "vaccine immunity". According to the latest data from the U.S. CDC, as of the week of 9 July, more than 81.3% of newly diagnosed infections in the US were BA.4 and BA.5, of which BA.5 accounted for 65%. A week ago, BA.4 and BA.5 infections accounted for 70% of new diagnoses.
News (9)
41,310 confirmed covid cases in South Korea on 15 July 2022
In Asia, such as South Korea, there were 41,310 new covid cases on 15 July 2022, hitting a new high in more than two months.
News (10)
Symptom duration of BA.5 covid is 7 days
As for the symptoms after infection with the BA.5 variant, Wu Changteng said that the proportion of common clinical symptoms such as fatigue, cough, fever, headache, etc. in BA.4/5 infected patients has increased, and "the symptom duration is 7 days" .
News (11)
Sore throat the most common symptom of BA.5 covid, followed by headache
A British study found that loss of smell and taste is no longer the most "indicative" symptom of covid diagnosis in this wave of epidemics, and the first most common symptom of infection in this wave is "sore throat", which is reported by about 58% of confirmed patients. The other top ten symptoms were headache (49%), cough without phlegm (40%), runny nose (40%), cough with phlegm (37%), hoarse voice (35%), sneezing (32%) %), fatigue (27%), muscle pain (25%), dizziness (18%).
News (12)
Japan study: BA.5 transmission is 1.4 times that of BA.2
According to Wu Changteng's analysis of research in various countries, the National Institute of Infectious Diseases in Japan found that the transmission power of Omicron BA.5 is at least 1.4 times that of the previously circulating BA2 subtype strain.
News (13)
Third dose of Pfizer-BioNTech vaccine 48.5% effective against BA.5
The third dose of Pfizer vaccine was only 48.5% effective in preventing infection with BA.5 two weeks after vaccination. Experts believe this ratio shows a limited effect of supplements. Moreover, BA.5 has the function of evading immunity, and the effect of vaccine against BA.5 is 4 times lower than that of BA.2.
News (14)
Reinfection and fuyang of BA.2 patients after 1 month of recovery with BA.5 infection is getting common
Wu Changteng warned according to Australian research that more and more patients who had been infected with BA.2 were reinfected after 4 weeks of recovery with BA.5 infection. Wu Changteng said, "We have to recognize the reality that the immunity that everyone has acquired from vaccines and previous infections will decline over time, so the situation of 'breakthrough infection' (fuyang) and 'reinfection' will happen."
In addition, 2 new BA.5 local cases were added on 18 July 2022 in Taiwan. They are men in their 50s (hereinafter referred to as Case A and Case B), who were infected by a family cluster. Case A picked up 2 people from the airport on 27 June. The family members who entered the United States and were tested and confirmed to return to their homes for quarantine. The subsequent sequenced result of a family member who was confirmed to enter the United States on July 6 was BA.5. After relevant epidemic investigation and PCR testing, the accompanying family members and Case A were both BA. 5.
Case B went to the airport with another family member on 1 July to pick up a family member who had entered Italy and returned to home for quarantine. The family took a positive test at the airport, and the sequenced result was BA.5 on the 9th. After arranging for Case B and the family who picked up the plane to take a PCR test, Case B was positive and diagnosed as BA.5, and the other family was PCR-tested for the first time negative, positive after sequencing in Case B. During gene sequencing, Case B and another family member are currently in isolation; the other two listed as workplace contacts, the test results were all negative.
News (15)
BA.5 has come! The number of repeated infections may increase sharply. Medical exposure: the shortest is only 20 days
Reporter : Wang Xinyi / https://news.tvbs.com.tw/life/1850325Image : More superinfections will also occur in the future. (Photo/TVBS)
Omicron BA.5 has gradually become a mainstream virus strain, and the first local community BA.5 case has also appeared in Taiwan. The case was diagnosed in May, and it was suspected the case has infected family members in July. After sequencing, it was found that it was BA.5 mutant strain, and the source of infection is still being clarified. Jiang Guanyu, a doctor in the Zhongxing Hospital of Beijing Union Medical College, said that BA.5 has become the mainstream in Europe and the United States, and the prevalence rate and hospitalization rate have increased, and more repeated infections will occur in the future. Symptoms of reinfection may be more severe even for high-risk groups.
News (16)
Fastest record of Omicron reinfection is 20 days after the first infection
According to Jiang Guanyu's foreign research and analysis, the fastest record of Omicron's repeated infection occurred 20 days after the first infection, but is it possible that the symptoms of reinfection will be more serious?
News (17)
Groups with more severe reinfection include smokers, diabetes and heart disease patients besides those unvaccinated
Jiang Guanyu said that some studies have shown that the symptoms of secondary reinfection will be more severe, and the groups with more severe reinfection in the study included an average of 62 years old, 25% were smokers, 80–90% were unvaccinated, and 30–40% had diabetes, 19–26% had heart disease, so the overall relative risk of reinfection is indeed higher for high-risk groups.
Jiang Guanyu appealed, especially now that the cases of BA.4 and BA.5 mutants are increasing, they should be more careful. For example, the number of hospitalizations in other European countries continues to rise, so the elderly are recommended to take a fourth supplementary dose.
News (18)
Fuyang cases occur after taking Paxlovid were known
Jiang Guanyu said that even patients who take antiviral drugs after infection may fuyang. Jiang Guanyu said that in the United States, 5% to 10% of patients will still resume covi-positive (fuyang) after taking Paxlovid, which is about the first time after treatment. The fuyang will occur in 10-14 days, which is related to the protein sequence mutation of Q189K in the Omicron virus that evades the drug binding point. Therefore, if you take Pfizer's oral drug, even if the test is negative, you should still quickly screen regularly, because if you fuyang, you may still be contagious.
See also: https://news.tvbs.com.tw/life/1850476
News (19)
Ninety-nine-year-old elderly in Shanghai is critically ill after being vaccinated. Neighbourhood committee: Theoretically signed
Reporter : Zhu Ying / Editor: Lin Qing / https://www.ntdtv.com/gb/2022/07/16/a103480823.html / Image : A nurse prepares a dose of a covi vaccine at Tongren Hospital in Shanghai, China, 8 May 2021. (Hector Retamal/AFP via Getty Images)
Recently, the news that two elderly people in their 90s in Shanghai were forced to be vaccinated in their homes by the residents of the neighborhood committee was in danger of becoming ill, which caused heated discussions on CCP Chinese online social platforms. The neighborhood committee involved recently responded that the vaccination had been approved by the elderly and doctors, and "theoretically signed." This statement was questioned by public opinion.
Shanghai netizen @王王的仙贝 posted a video on the social networking platform on 14 July, revealing that the neighborhood committee of Lane 1320, Linfen Road, Jing'an District, came to her door to vaccinate her 98-year-old grandfather without permission. Afterwards, the elderly suffered from complications and was in critical condition, and the doctor has issued a critical illness notice.
The family members said that the old man had bad ears and also suffered from Alzheimer's disease (commonly known as Alzheimer's disease), and the old man did not agree to be vaccinated at first.
The family members asked, "According to regulations, community members aged 70 and above need to be accompanied by family members or community volunteers to vaccinate the elderly. Why did the neighborhood committee not notify the family members of the vaccination for the elderly at home? The elderly's signature letter, the children's informed letter Do you have it? Can you get the doctor's judgment?"
According to "Dongfang.com Vertical Video", in the afternoon of 15 July 2022, local time, the neighbourhood committee of Lane 1320, Linfen Road, Jing'an District, Shanghai responded to the incident of vaccinating 98-year-olds at their homes. The neighborhood committee said that the doctor and the cadres of the neighborhood committee came to the door that day. After the old man agreed and the doctor evaluated, there was also a nanny at home, and there was no "forcibly hitting him".
As for whether the party concerned by the netizens has signed the vaccination commitment letter, the neighborhood committee replied: "In theory, there is something signed, but in the end it will not be handed over to us, but the doctor."
On the 16th, the Shanghai Pengpu Xincun Sub-district Office issued an official announcement in the media, saying that when the neighborhood committee accompanied two community medical staff to vaccinate the elderly Wang Moumou and his wife Lin XX, the doctor asked about the old man's physical condition. Judging that the two elderly people have no contraindications related to the new crown vaccination, Lin XX completed the vaccination for the two elderly people after signing the informed consent form of the two elderly people. During the observation period, the two elderly people did not feel sick.
In response to the above responses made by the neighborhood committee and the sub-district office, the family members of the elderly who were vaccinated did not agree. A netizen who claimed to be a family member of the elderly left a message saying that the elderly are bedridden all the year round and have mental illnesses, how can they have their own judgment?
"Kaiping News" published a commentary on the 16th, saying that the focus of the disagreement between the two sides is the different basis for the determination of "agreement". From a common sense point of view, an old man who is nearly 100 years old, bedridden and mentally ill, said, "Don't talk about the ability to judge whether you agree or disagree with vaccination, that is, what a vaccine is, he may not know what it is. I don't know where the neighborhood committee and the doctor got their confidence, so they decided that the old man had 'agreed'."
The article mentioned that the family members of the old man also revealed a key detail, "The old man did not sign, and the words were signed by someone he did not know." The article questioned: So who signed the word?
As for the staff of the neighborhood committee, "Theoretically, there should be something signed." The article asked: "If you sign it, you sign it. If you don't sign it, you don't sign it. What is a 'theoretical signature'?"
In the end, the article pointed out that increasing the number of layers in order to "make merit" is actually "man-made panic", if the grassroots are allowed to do whatever they want in the name of epidemic prevention, "Today, you can compulsorily vaccinate the elderly in their 90s, will it be tomorrow? If you see who is not pleasing to the eye, you will get a shot?"
News (20) to (26) / Reporter : Fang Bingchao / https://news.tvbs.com.tw/politics/1850521
News (20)
Towards a normal life! Strive for international tourists to come to Taiwan. Tsai Ing-wen: Evaluate the opening schedule
Image : Tsai Ing-wen, chairman of the Democratic Progressive Party. (Photo/TVBS)
The Democratic Progressive Party (DPP) held its National Congress today (17 July 2022). Party Chairman Tsai Ing-wen said in her speech that as life returns to normal, the ruling team will evaluate the opening schedule, re-enlist international tourists to come to Taiwan, and allow every worker to come to Taiwan, seizes the business opportunities in the post-epidemic era and moves towards a normal life together.
News (21)
During post-covid era, DPP cannot relax and must be prepared
Tsai Ing-wen said that during this period of time, the domestic epidemic situation has stabilized and slowed down, and everyone is moving towards a normal life step by step. Facing the post-epidemic era, as the ruling party, the DPP cannot relax and must be prepared.
News (22)
Taiwan protects democracy and freedom, rises and thrives in a difficult environment
Tsai Ing-wen said, "The former Prime Minister of Japan, Shinzo Abe, passed away unfortunately, and we have lost a good friend. Abe once said that the world must realize that Taiwan's democracy is quite mature, and that a stronger Taiwan, one that guarantees freedom and human rights, will serve the interests of the world. We will remember the expectations of our old friends. Every member and comrade of the DPP has the responsibility to protect democracy and freedom, so that Taiwan can rise and thrive in a difficult environment, unite Taiwan, and face the challenges of the times. This is DPP's key mission at the moment."
Image : Tsai Ing-wen delivers a speech at the DPP National Congress. (Photo/TVBS)
News (23)
Tsai Ing-wen: Adhere to the spirit of reform, work hard for the future
Tsai Ing-wen said that another important mission of the DPP is to adhere to the spirit of reform, work hard, and take care of the future. In the past two years, the pace of reform has not stopped because of the epidemic. The Mobilization Department has also begun to reform the backup mobilization system. In order to implement the goal of net-zero transformation by 2050, it has proposed a roadmap for the transformation, and strived to promote Taiwan's sustainable development. In the face of the challenge of having fewer children, parents should be given more support. Whether it is the doubling of childcare allowances, the increase in maternity inspection subsidies, or the increase in the amount of parental leave without pay, "we have done it all." In addition, we must give the best care to children. Nutritious lunch, we did it.” At the same time, the government has taken the lead in raising wages, raising basic wages every year, expanding housing subsidies, and continuing to build social housing, hoping to ease the burden on young people.
News (24)
Taiwan is resilient, courageous and wise to turn a crisis into a turning point
Tsai Ing-wen said that the world in the post-epidemic era is a world full of challenges and opportunities. In particular, the Russia-Ukraine war continues and international inflation is taking place, but we can maintain confidence in ourselves. The fundamentals of Taiwan's economy are sound. Many industries have also seized key strategic positions in the process of restructuring the global supply chain. More importantly, Taiwanese society is full of resilience, and Taiwanese people have enough courage and wisdom to turn a crisis into a turning point.
News (25)
Tsai Ing-wen: Maintain economic growth, stable prices, pay special attention to the grassroots and youth
Tsai Ing-wen pointed out that the ruling team will make good use of these advantages and use the most stable pace to maintain economic growth and stable prices, and pay special attention to the needs of grassroots workers and young friends.
News (26)
National travel subsidy programs introduced, evaluate schedule to reopen Taiwan's borders to international tourists
In the past week, a new wave of national travel subsidy programs have been launched, and the plan to increase the number of coupons has also been announced. As life returns to normal, the ruling team will seize the opportunity to revitalize the economy, carefully evaluate the opening schedule, and reopen to win international tourists to Taiwan. She wants to ask all party members and comrades to help spread and explain these measures, so that all industries in the society can seize the business opportunities after the epidemic and move towards a normal life together.
News (27) to (28) / Reporter : Chen Yun / https://news.ltn.com.tw/news/politics/breakingnews/3995045
News (27)
Leading 18 county mayors to run for election, Tsai Ing-wen: The DPP is fully prepared to win the election to reform
Image : DPP Chairman Tsai Ing-wen led the current governors of counties and cities and 18 county mayor candidates to gather together to shout "Unite Taiwan and take care of the future!" (Photo by reporter Luo Peide)
The 1st National Party Congress of the 20th DPP appeared at the Taipei International Convention Center in the afternoon. DPP Chairman Tsai Ing-wen and Executive President Su Zhenchang led the current heads of counties and cities and 18 counties. The mayoral candidates gathered together and shouted "Unite Taiwan and take care of the future!" Tsai Ing-wen said that 2018 was a profound lesson. The DPP made adequate preparations this time and proposed the strongest candidate. Only by winning the election can the ideal of reform be implemented. If the DPP wins, Taiwan will definitely win!
The DPP likened the election team to the "Central Local Council Work Team". "Taiwan Captain" Tsai Ing-wen and Executive President Su Zhenchang led all the candidates to the stage. Tsai Ing-wen called one by one and said that this is the 2022 local election. In the previous National Congress, the DPP has nominated 18 candidates for county mayors, and they have jointly demonstrated their solidarity here, "We are confident to win this election battle!"
Tsai Ing-wen pointed out that the candidates for county mayor candidates launched by the DPP at the end of the year are all the strongest, most experienced, and most in line with local development needs. , must be able to carry the "can do things" sign.
Tsai Ing-wen said that the 2018 local elections were a profound lesson for the DPP. The DPP knew very well that the people taught the DPP a lesson and hoped that the DPP would be better, and given the opportunity, they hoped the DPP would stick to its philosophy and implement its commitments. The Progressive Party has made the most adequate preparations, produced the best political achievements, and proposed the strongest candidates, in order to win the greatest support of the people. Only by winning the election can the reform ideals be implemented and the execution ability can be demonstrated. "The DPP wins, Taiwan will definitely win!"
Tsai Ing-wen said that Beibeiji Zhutao County and City Chief Candidates will join forces to make the capital's life circle make great strides; the central and southern county and city chief candidates will deeply cultivate the local area, and allow Central Taiwan to build and develop; Nannan County The candidates for the city chief must be diligent, professional, and quality-assured; the candidates for the East Taiwan county and city chiefs are sincere, practical, and macro-quality, hoping to win back a sense of glory.
News (28)
List of 18 county mayors introduced
Candidates attending the election include Chen Shizhong, candidate for mayor of Taipei, Lin Jialong, candidate for mayor of New Taipei, Lin Zhijian, candidate for mayor of Taoyuan, Cai Qichang, candidate for mayor of Taichung, Cai Shiyi, candidate for mayor of Keelung, Jiang Congyuan, candidate for mayor of Yilan, Hsinchu mayor candidate Shen Huihong, Miaoli county mayor candidate Xu Dingzhen, Changhua county mayor candidate Huang Xiufang, Nantou county mayor candidate Cai Peihui, Yunlin county mayor candidate Liu Jianguo, Chiayi mayor candidate Li Junzhuo, and Pingtung County Long candidate Zhou Chunmi, Hualien County mayor candidate Kolas Yotaka, Taitung County mayor candidate Liu Daohao.
Chiayi County Mayor Weng Zhangliang, Tainan Mayor Huang Weizhe, Kaohsiung Mayor Chen Qimai, who are running for re-election, Keelung Mayor Lin Youchang, Pingtung County Mayor Pan Mengan, and Taoyuan Mayor Zheng Wencan also supported the meeting.
News (29)
Two inbound cases of new strain of BA.2.75 appear in Singapore
Two inbound cases of covid have been reported locally with the BA.2.75 strain, a new variant that is said to be more contagious.
In response to the inquiry from 8world News, the Ministry of Health stated that as of the day before yesterday (14 July), there were two inbound cases of the new-generation mutant strain BA.2.75 of Omicron in Singapore.
The two cases had travelled to India, self-isolated immediately after being diagnosed, and have since recovered.
According to Time Magazine, BA.2.75 was first discovered in India, and has now invaded more than ten countries including the United States, Australia, and the United Kingdom. This mutant strain is said to be more contagious. Experts worry that antibodies produced in vaccinated or recovered patients may not work against BA.2.75.
Scientists believe that BA.2.75 may spread very fast, and may easily "bypass" the antibodies in vaccinated or recovered people, but it is not known whether the symptoms caused by BA.2.75 will be more severe than other Omicron variants.
The Ministry of Health stated that there is currently no evidence that BA.2.75 is more severe than the previous Omicron variant. The World Health Organization just put BA.2.75 on the watch list the day before yesterday.
News (30) to (34) / Editor : Wu Liya / https://www.aboluowang.com/2022/0716/1776550.html
News (30)
Debt defaults of real estate companies in CCP China have not triggered a systemic financial crisis
China's "unfinished building cut off supply tide" is sweeping across the country, and the four municipalities directly under the Central Government plus Guangzhou and Shenzhen have all fallen. Despite the successive debt defaults of real estate companies, this gray rhino has not triggered a systemic financial crisis. Will this wave of homeowners’ supply cuts trigger a financial crisis? Will there be bank failures? Who is the culprit among the government, real estate developers, and owners?
News (31)
Risk of bank interruption of loans in USD is higher in China than in Russia while inflation eases in the U.S. in June
Now the property market is in a turmoil, coupled with the dynamic zero-clearing policy, resulting in a national fiscal deficit of 5 trillion in the first half of the year, and the risk of bank interruption of supply is as high as 2 trillion.
Now China is not only having bad debts in RMB loans, but also the risk of bad debts in US dollar loans is also soaring. Outside the Belt and Road countries, there is news that Russia owes Chinese banks US$50 billion. Will Russia pay back the debt?
U.S. wholesale prices surged 11.3% in June to near-record levels, with inflation still easing.
News (32)
Financial turmoil hits CCP China's banks will be the first to collapse
The overall explosion of China's real estate industry seems to be more and more difficult to control, and an uncontrollable chain reaction is already underway. Liu Taiying, the former chairman of the Kuomintang Party Management Committee in Taiwan, pointed out that the CCP has a long-term trade surplus. It is reasonable to say that foreign exchange is sufficient and domestic funds are abundant. Why is there a bank run in Henan recently?
On 13 July 2022 Liu Taiying, the former chairman of the Kuomintang Party Management Committee in Taiwan, pointed out in an interview with Taiwanese media that the recent series of interest rate hikes in the United States to fight inflation, a large number of global funds will be moved back to the United States, causing global stock markets and foreign exchange markets to plummet, and the financial turmoil has struck. , especially China is the first to bear the brunt, coupled with the decline in real estate prices, Liu Taiying asserted that CCP China's banks will fail.
Liu Taiying also disclosed that he tried to ask Lin Yifu, who was the chief economist of the World Bank, but Lin Yifu was trembling and did not dare to answer, but pointed to the top. Liu Taiying believes that the CCP's dignitaries and wealthy businessmen have remitted a large amount of funds overseas, which has led to the CCP having a large amount of foreign exchange reserves, but domestic funds are extremely tight.
Liu Taiying also reminded not to ignore the impact of capital movement caused by the US interest rate hike. Only 5% of international capital movement is due to trade, and the other 95% is speculative hot money. Now the US interest rate hike, international hot money All will flock to the United States, which will have an impact on the stock and foreign exchange markets of countries other than the United States. Especially, the United States is now facing the most serious inflation in 40 years, and the pace of interest rate hikes will not stop for the time being.
Some analysts pointed out that, in fact, it is not only the local banks in Henan. Recently, abnormal situations have frequently appeared in many Chinese banks. What worries the CCP executives is the current situation of real estate that is closely related to banks. Debt defaults, unfinished buildings, and supply interruptions attacked.
Caixin.com reported in 2021 that more than 500 of Evergrande's more than 800 projects are in a state of shutdown. According to a report from the daily Toutiao, a Chinese media outlet, Evergrande currently has 778 uncompleted real estate projects under construction across the country, and about 700,000 sold houses have not yet been completed and delivered, covering more than 200 cities. The status of the more than 500 suspended works is unknown. If 500,000 owners can't receive the building, each household is 2 million yuan, and the funds involved will reach a full 1 trillion yuan, and this is just a company of Evergrande. How many unfinished buildings are there in CCP China? Official figures cannot be seen by the outside world, and under the government policy of "guaranteeing expectations", all real data are deliberately hidden.
News (33)
Hao Ping: In the first half of the year, the fiscal deficit was 5 trillion, and the risk of bank supply interruption was 2 trillion
According to the data released by the Ministry of Finance of the Communist Party of China at the press conference on fiscal revenue and expenditure in the first half of 2022 on July 14, in the first half of this year, the national general public budget revenue was 10,522.1 billion yuan, the national government fund budget revenue was 2,796.8 billion yuan, and the general fiscal revenue was 13,318.9 billion yuan; the national general public budget expenditure was 12,888.7 billion yuan, the national government fund budgetary expenditure was 5,482.6 billion yuan, and the general fiscal expenditure was 18,371.3 billion yuan. In the first half of the year, the fiscal overrun was 5,053.4 billion yuan. In the first half of last year, the national fiscal overrun was about 718.1 billion yuan. This year's overspending increased by 703% year-on-year. No wonder Li Keqiang convened a meeting of 100,000 people to stabilize the economy, and then asked the leaders of the five provinces in the Pearl River Delta and the Yangtze River Delta to show off and demand that the five provinces take the lead in stabilizing the economy.
News (34)
Real estate explosion! It is suspected that a real estate developer bought the housing management bureau to transfer the funds, "the real money decision-making authority rests with the housing management bureau"
The capital chain of China's major real estate developers has broken, and there have been unfinished news about real estate projects in various places, and prospective owners have threatened to cut off their supply.
On social platforms, a video of a meeting between prospective owners and bank representatives was circulated. In the film, the bank revealed to prospective owners who purchased unfinished buildings that the real decision to allocate funds is not the bank, but the housing management bureau. Therefore, some netizens suspect that some real estate developers have bribed the leaders of the Housing Administration Bureau to transfer funds secretly.
In the Chinese real estate industry, there is originally a supervision account system to prevent the building from being unfinished. Before the building is completed, the funds contributed by the prospective owners should all be in the supervision account, and the relevant funds can only be used for starting the building; When meeting, they are concerned about the flow of cash in the supervision account. The most bizarre thing is that when the prospective owner asked this question, the bank's answer turned out to be "not sure".
Prospective owners: If the building is not capped, should the money in the custody account still be in the custody account?
Bank representative: Not sure.
Prospective Owner: Why? I have a question...is the regulatory funds only for construction? Housing construction for this project?
Bank representative: I have a question for you. I answer you with a very simple understanding: if you have deposited money here, you are our depositor, and I am a... (ordinary bank), right...
Prospective Owner: No, you are custodial accounts! You are not...(regular banks), you are custodian banks!
Bank representative: It is a custodial account. If you transfer money to a third party, if you transfer money to a third party, should I check whether you are buying food, noodles or a car, or a house or drugs?
Prospective owners: The pre-sale supervision money is used for housing construction! You are stealing the concept!
Under the questioning of the prospective owners, the bank representative finally admitted that the real right to decide the transfer of funds is not the bank, but the Housing Authority.
Bank representative: The final approval authority rests with the Housing Authority. The Housing Authority has a department that supervises and supervises the use of funds. If they say yes, we will transfer it.
Prospective owner: You don't have the power to oversee this fund, do you?
Bank representative: We do not have this power! Their money is put here, how do we control where his money goes?
In response to the bank representative's reply, the prospective owner said: Then why do you need to call a supervisory bank? The bank representative said: I'm sorry, we don't want to! This is stipulated by national laws and regulations.
As of the afternoon of 13 July 2022, according to the incomplete statistics of Fenghuang.com Real Estate, the owners of 101 unfinished properties in 47 cities in 18 provinces have publicly announced the "compulsory loan suspension":
Only the July data, the statistics on 13 July were incomplete, the growth rate was very fast, and various places began to follow the example. If this trend is followed, it is estimated that the scale of loan suspension will be very large soon:
"Nikkei Shimbun" reported that there are more than 80 ghost towns in Yunnan province alone, which have been built, not unfinished buildings. How many ghost towns are there in China? Nobody knows.
Sun Hongbin, the former real estate boss Sunac Real Estate (already thunderstorms), once publicly said something like a joke:
"After I spent 4 years in prison, what did I do when I came out? Food, clothing, housing and transportation were all very expensive, and I couldn’t afford it. Later, I started real estate because real estate didn’t cost money."
Real estate is such a lucrative industry that it can be done without money. Where does the capital come from? Sometimes it is borrowing, sometimes it is corruption, and many times it is there, just like the 20 unfinished buildings in Yunnan. Government relations were first established through (bribery) officials. Some of them did not give the government money after taking the land, mortgaged the land to the bank, and borrowed the money back to the government. Build another sales office, you can sell the house, and draw a steady stream of funds from the house slaves.
Selling a house and buying a house mainly involves four parties: the owner, the real estate developer, the local government, and the bank.
Where did the 1 million spent by the owner to buy a house go? There are three main flows, the land is bought to the government, the (future) interest is given to the bank, and the rest goes to the developers. This part of the developer includes construction costs, taxes, profits, etc.
There is a brief table, although it is not very accurate due to the large difference in land prices, but it can also clearly explain the problem:
It can be seen that the cost of land accounts for about 30-50%, all of which is given to the local government; while the cost of the main construction project only accounts for 15-20%.
There are also data to calculate how much local governments have taken out of it. According to data from the Ministry of Finance, the total revenue of local governments and real estate in 2020: 10.4 trillion yuan, of which land transfer fees are 8.4 trillion yuan; according to data from the National Bureau of Statistics: 2020 commercial housing sales are 17.4 trillion yuan. From this, it can be calculated that the local government has eaten 60% of the owner's purchase price, and the land transfer fee accounts for 48% of the total sales.
That is to say, if the owner buys a house for 1 million yuan, the local government takes 480,000 yuan (land sales) first, and the remaining 520,000 yuan is reserved for the real estate developer to build the building, pay taxes, and make profits. The cost may account for another 300,000, and the profit may only be 100,000.
It has not been capped yet, it's unfinished, and the bank has allocated all the money to the developer. Is it the owner's responsibility or the bank's responsibility?
No matter from the law, from the flow of money, or from the moral obligation, we all support the "unfinished loan suspension". Even from the perspective of other countries in the world, it has never been unfinished, and the owner has to continue to repay the loan.
News (35) to (40) / Reporters : Luo Ya, Li Yun, Li Shanshan / Editors : Fang Ming, Lin Zongwen / https://www.epochtimes.com/gb/22/7/17/n13782770.htm, https://www.epochtimes.com/gb/22/7/16/n13782153.htm
Image of Shanghai Jing'an District during the pandemic : Hector Retamal/AFP
News (35)
Shanghai reappears 14 high-risk areas, people worry about closure and control
On 17 July 2022, the Shanghai Leading Group Office for Epidemic Prevention and Control announced that 14 more areas in Shanghai were designated as high risk areas for the epidemic. The citizens of Shanghai called out that the zero-covid policy was not feasible, and worried that the community would be blocked again.
According to official information, there are currently 2 high-risk areas, including the shops and buildings along Daxue Road, Wujiaochang Street, Yangpu District, and parts of Tongli Road, Jiuting Town, Songjiang District.
News (36)
Medium-risk areas of Shanghai on 17 July 2022
The medium-risk areas belong to Pengpu Xincun Street, Jing'an District, Ouyang Road Street, Hongkou District, Quyang Road Street, Yangpu District Jiangpu Road Street, Dinghai Road Street, Pingliang Road Street, Yanji Xincun Street, Kongjiang Road Street, and Dachang Town, Baoshan District. , Gaojing Town, Baoshan District, Yifu Road, Shenglong Road, Panjiabang, Hewei District of Simatang, Jiuting Town, Songjiang District, Dongping Town, Chongming District, etc.
News (37)
Low-risk areas of Shanghai on 17 July 2022
The low-risk areas of the epidemic include Yanji Xincun Street in Yangpu District, Jiuting Town in Songjiang District, and Dongping Town in Chongming District.
Shanghai officials announced that another 14 areas were designated as high-risk areas for the epidemic, but did not mention the specific reasons.
Mr. Zheng, a citizen of Songjiang District, Shanghai, introduced to The Epoch Times that people in Songjiang do not know why they are classified as medium-risk areas. Songjiang now has a policy that all staff must be tested for nucleic acid on two days on weekends. These two mornings, he used a loudspeaker to call residents downstairs to undergo nucleic acid tests.
Mr. Zheng said that doing nucleic acid by himself depends on the needs, "If I want to go out and do it, it is not safe to do it without crowding with them.
Now if they are found to be positive, they will be sent out for isolation and treatment. The nucleic acid was done in the third day of the secret, and there was nothing to be free.
For example, he said that a close contact was found in Building No. 1 of his community last week. "Our community was closed for two days, and nucleic acid testing was done. Nothing was found, and it was reopened. Now Shanghai is closed and controlled in March. The so-called precise prevention and control, small-scale closure and control, and other surrounding areas are not as strict as before, such as staying at home, shopping for food and so on.”
News (38)
Shanghainese worry re-opening of square cabin hospitals and lockdown
As for the re-opening of square cabin hospitals in some places in Shanghai, Mr. Zheng said that the official did not report it in the news but it was rumoured in the WeChat circle of friends, and the people were still worried that the community would be blocked, or the city would be closed again.
However, he believes that the current economy is very bad, and the government does not dare to close the city easily. He emphasized that the epidemic is not very serious now, and CCTV's Bai Yansong recently interviewed an expert from a hospital in Beijing, saying that the covi infection is like a cold.
News (39)
Many places are closed, church was closed again
Mr. Chen from the suburbs of Shanghai introduced that his church in Hongkou District used to be able to go to the church, but now it cannot and it was closed again. Because there have been positive cases in nearby communities.
He also said: "Several of my friends used to be free to come and go, but now they can't. The neighborhood committee also informed them that they need to prepare food and medicine for 14 days. Anyway, the virus in this mysterious Keron is not cleaned up. Today No, it came out again in two days, and it can’t be broken. Shanghai is always closed, closed, closed, closed. It feels like a semi-unblocked state.”
Mr. Chen expressed dissatisfaction with the need to pay for the nucleic acid test in the next August. "The spread of the epidemic is caused by the government's negligence. It makes no sense for the people to bear the problems you caused."
As the latest super mutant BA.5 invaded Shanghai, officials worried that the epidemic would rebound sharply, and began to escalate control. A Shanghai resident disclosed on social media on 17 July 2022 that he was a second-close connection, "I was quarantined at home well, but suddenly last night I received a call from the neighborhood committee saying that the second-close connection was going to be upgraded to a close connection, so I was dragged to the hotel at night. isolation."
News (40)
New covid cases in Anhui, Sichuan, Guangxi
According to official media, the epidemic situation in mainland China has started to rise again, including Sichuan, Henan, Anhui and other places. Among them, Anhui announced 5 new local confirmed cases and 42 new local asymptomatic infections yesterday.
Guangxi Beihai increased by 152 medium and high risk areas.
Guangxi Beihai Haicheng District issued a notice on 15 July 2022. From the same day, Haicheng District added 80 high-risk areas and 64 medium-risk areas; Beihai Yinhai District issued a notice, adding 4 high-risk areas and 4 medium-risk areas on the same day.
Yicai.com reported that the current round of the epidemic in Beihai began on 12 July 2022. After one case of asymptomatic infection was found in Haicheng District, the number of local positive infections increased rapidly. As of 12 am on 14 July, 24 new cases of asymptomatic infection were reported in Beihai.
According to the Beihai CDC report, 161 new cases of asymptomatic infections were reported in Beihai City (137 in Haicheng District, 16 in Yinhai District, 2 in Tieshangang District, and 6 in Hepu County) from 0-24:00 on the 14th. As of 24:00 that day, there were 186 asymptomatic infections in Beihai City.
On 16 July 2022, Ms. Li, a resident of Beihai, told the Epoch Times reporter, "The earliest local infection case was a hawker selling raw poultry, doing business in one of the largest wholesale markets in the region, and the infected person was Omicron BA. 2.3. Due to the relatively large flow of market personnel, it spread rapidly throughout the city through the vegetable market.”
Health Sichuan official WeChat reported on July 16 that from 0:00 to 24:00 on the 15th, 1 new case of asymptomatic infection was confirmed in Chengdu; 5 risk areas, including 1 high-risk area, 2 medium-risk areas, 2 low-risk areas.
From 15 July 2022, Jinjiang District, Wuhou District, and Chenghua District of Chengdu have suspended the business of public places such as restaurants, Internet cafes, and KTVs, and carried out nucleic acid testing for all staff. The video shows that people in Chengdu lined up in a long queue during the heavy rain that night, waiting for nucleic acid testing.
On the same day, Huaiyuan County, Anhui also reported the discovery of 151 positive cases. The county implements closed management, and implements antigen testing and nucleic acid screening for all personnel. During the closed management period, all personnel stayed at home.
On July 16, Ms. Wang, a resident of Huaiyuan County, told the Epoch Times reporter, "Huaiyuan is now suffering from a particularly severe epidemic. Officials reported 151 cases yesterday and more than 1,000 close contacts. In fact, there are more, but the official does not report them. The main cases are It was in Huaiyuan, a village was quarantined, there were more than 130 cases in that Zhuangzi, and thousands of people were all taken to Fuyang to be quarantined."
Ms. Wang added, "Now the whole county is under lockdown, supermarkets and shops are closed, no one can go out or go in, and everyone is isolated on the spot. At that time, it was just static management, and there was no notification of how many cases, so everyone did not stock up on supplies of vegetables. 151 cases and lockdown were suddenly reported yesterday."
She revealed, "Bengbu City was also closed today, the entire urban area was just closed, and Yuhui District was also closed."
Netizens posted a video saying that Anhui Province supported a large number of buses from Huaiyuan County to go to various places to pull people for isolation.
Ms. Zhao, a resident of Yuhui District, Bengbu City, told reporters, "I was going to go to work early this morning. They said that the entire Yuhui District was blocked. But the community has not yet issued any policies and notices."
Ms. Zhao said: "It should have been closed from last night or early this morning. Now the intersections are all blocked, and you can't enter or go out. Now it's mainly closed to a certain area, you can still move in the area, but the intersection is blocked. .I'm going to send a courier today, but I can't send it."
On the morning of 16 July, a netizen from the Huaipan Renjia Community in Yuhui District posted a post saying, "When I woke up, my community was welding iron sheets!"
Some netizens in the urban area of Bengbu also commented, "Me too, I got up to work and went downstairs and couldn't get out. I was soldering iron sheets!" She asked, "Is there an epidemic in the urban area of Bengbu? Why are so many communities closed? Ah, hide it, people are panicking!"
At present, a new round of the epidemic in mainland China has spread to more than 10 provinces.
The website of the Chinese Communist Party's National Health Commission reported on 16 July 2022 that as of 12 am on 15 July, there were 1,169 confirmed cases in CCP China. There were 418 new asymptomatic infections, including 375 local cases, covering Anhui, Gansu, Guangxi, Henan, Shanghai, Guangdong, Shandong, Jiangsu, Jiangxi, Jilin, Fujian, Hainan, Chongqing, and Qinghai.
Due to the CCP's habit of concealing, the real epidemic data remains to be investigated.
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