Tuesday, February 20, 2024

Hainan's "closing the door to rip off customers" strategy, Beijing is afraid of social unrest

 Research, editing : Gan Yung Chyan, KUCINTA SETIA

News on CCP, aviation management, disease control, nature, U.S.

News (1)

Hainan's "closing the door to rip off customers" strategy cancels return tickets booked by passengers in advance

Reporter : Li Chengyu / Editor: Lin Qing / Image of Haikou Meilan Airport Hotel with flight and train departure timings   : Researcher's Picture / https://www.ntdtv.com/gb/2024/02/20/a103855109.html


After the Chinese New Year, a large number of tourists were stranded on Hainan Island, enduring high prices for air tickets and consumption. Hainan has been accused of "closing its doors and robbing customers." Many tourists complained online that low-price return tickets they had booked earlier were unreasonably canceled.

The trapped passengers complained and protested one after another, but they were violently suppressed one after another.

🔥 On February 17, in Haikou, Hainan, a tourist lost control of his emotions because he could not leave Hainan for a long time, and was finally taken away by the police. # Epoch Times Breaking News #海南 pic.twitter.com/0XmAD1f4Xa

— The Epoch Times breaking news platform (@china_epoch) February 19, 2024

While claiming to be "working hard to solve traffic problems," the CCP authorities manipulated online public opinion to excuse themselves, including "criticizing" stranded tourists from all angles.

Someone posted an article online blaming tourists,"Why didn’t they book return tickets in advance before going to Hainan during the peak tourist season?" As a result, the post attracted a large number of replies from tourists, who revealed that they originally bought a round-trip ticket, but before they were ready to go home, the return ticket was temporarily canceled by the airline.

Some tourists said that they booked return ferry tickets before coming to Hainan, but they still had to queue for more than ten or twenty hours to board the boat.


Image : Many Hainan tourists complained that low-priced return tickets booked in advance were forcibly cancelled. (Webpage Screenshot)

After seeing these messages, many netizens suddenly realized: "I was also curious about why I didn't buy a return ticket before. It turns out that I can force a refund." "If the return trip is cancelled, I understand. According to common sense, go out and play. It must have been booked for the round trip. Now there is no cost for such casual breach of contract, and consumers bear everything." "So that's it, that is to invite you to the urn and then close the door to beat the dog."

Some netizens cursed the Chinese Communist Party officials: "They are immoral and deceitful", "They are professional in killing pigs", "Integration of government and business will make money wherever you go" and "Don't forget, a certain party started out as bandits who blocked roads and robbed people."

After the Chinese New Year holiday, the price of air tickets from Hainan back to the mainland has soared, with some direct flights rising to more than 30,000 RMB, and some transfer tickets also exceeding 20,000 RMB. There are also many self-driving tourists. Even if they pay high prices, it is difficult to buy car ferry tickets back to the mainland. Online ticket purchase is queued until March. A large number of tourists are trapped in Hainan. Not only are they unable to go home to work and school on time, they also have to bear the high consumption of Hainan.

Some online comments pointed out that with the economic recession in mainland China, top to bottom and all walks of life are recklessly "cutting leeks", thus cutting off their own retreat and creating a doomsday scene.

In addition to Hainan Province, many scenic cities such as Harbin have also experienced horrifying "rip-offs" such as skyrocketing air tickets and rising hotel prices.

News (2)

Wenzhou New Year epidemic outbreak, hospitals are full, tens of thousands of people have respiratory infections

Editor : Zhou Guihang / https://www.ntdtv.com/gb/2024/02/20/a103855249.html Image : On 3 January  2023, patients on stretchers at Shanghai Tongren Hospital. (Photo by Hector Retamal/AFP via Getty Images)

温州新年疫情爆发医院爆满 上万人呼吸道感染

The covid epidemic continues to break out in China. During Chinese New Year, hospitals in Wenzhou, Zhejiang, were full. Local official media said tens of thousands of people had respiratory infections. The actual situation may be more serious.

Wenzhou local official media reported that according to data from the emergency departments of four hospitals: the First Affiliated Hospital of Wenzhou Medical University, the Central Hospital, the Municipal People's Hospital and the Municipal Hospital of Integrated Traditional Chinese and Western Medicine, from New Year's Eve to the eighth day of the first lunar month (9 to 17 February 2024), there are approximately 30,000 medical visits in these four hospitals, and the majority of the conditions are respiratory infections. The emergency rooms are also dominated by respiratory patients with lung infections.

Data from the First Affiliated Hospital of Wenzhou Medical University shows that the number of patients visiting the emergency center of the hospital exceeds 10,000, of which respiratory diseases such as lung infections account for about 40%.

The emergency department of the Municipal People's Hospital receives between 600 and 700 adult patients every day, and the number of pediatric emergency patients remains at more than 200 every day. Among these emergency room patients, respiratory infections are the most common.

A doctor said that in previous years there would not be many patients on New Year's Eve and the first day of the first lunar month, but this year there were many patients with fever on New Year's Eve.

From the first to the third day of the Lunar New Year, the number of patients visiting the emergency department at the Nanbaixiang Campus and Gongyuan Road Campus of the First Affiliated Hospital of Wenzhou Medical University continued to rise, exceeding twice the number of daily visits. Among them, the number of people visiting the emergency outpatient area has reached three times the usual number of consultations, and there are patients waiting in line at the emergency outpatient channel 24 hours a day.

A doctor said that during the New Year period, the first emergency room was full, and the number of patients admitted to the emergency room reached the peak of the number of patients that the emergency area could handle. "All the places that can accommodate extra beds have been added."

In the comment area of a related report, many local and other provincial netizens left messages saying that they also had symptoms of respiratory infections.




Image : Chinese netizens left messages. (webpage Screenshot)

Although China is experiencing waves of respiratory infections, after the CCP declared "victory in the fight against the epidemic," hospitals no longer conduct large-scale testing for covid, and officials interpret the waves of infections as "flu", "mycoplasma pneumonia” and so on.

However, many medical experts pointed out that the symptoms and outbreak characteristics of these widespread respiratory infections in China are mostly inconsistent with the so-called "flu" and "mycoplasma pneumonia". Many people suspect that the infection may be caused by the variant of the covid virus.

According to Chinese media reports and online news, a large number of "white lungs" have appeared in respiratory infections in China, as well as a large number of deaths. There are once again lines of people waiting for cremation at funeral parlors in some areas.

News (3)

There are many underground "graupel" in China, and the meteorological station issued multiple warnings 

Reporter : Luo Tingting / Editor : Zhu Xinrui / https://www.ntdtv.com/gb/2024/02/21/a103855265.html / Image : In the past two days, large areas of China have experienced "graupel" rain, which is as big as a grain of rice. Experts say that falling "graupel" is a precursor to a blizzard. The Central Meteorological Observatory will continue to issue six major warnings including cold wave and blizzard on 21 February 2024. (Network screenshot)

中国多地下“霰” 气象台发布多个预警(视频)
Recently, a large area of China has experienced a cold wave, and there are many underground "graupel", which are about the size of rice grains. "Graupel" is usually a precursor to a snowstorm, and the Central Meteorological Observatory continued to issue six major warnings including cold wave, blizzard and freezing on 21 February.

From 19 to 20 February, in addition to snowfall in Henan, Hebei, Shanxi, Shandong and other places, there also fell ice particles that looked like snow but not snow, looked like hail but not hail, and were shaped like rice grains.

Many netizens described it as "like MSG or fertilizer", "looking like salt" and "a bit like plastic foam"; some netizens joked that this was a "desiccant" and "washing powder".

The Shanxi Yangquan City Meteorological Observatory explained that the small ice particles that fell are called graupel, which is a type of solid snowfall. It often appears before or during snowfall. It is called rice snow, snow graupel, or snow in different regions.

The appearance of graupel usually means that the weather is getting colder, and it also means that the weather has become unstable, which may be a precursor to a blizzard, thunderstorm or tornado. When graupel falls to the ground, it covers the vegetation, causing frost damage to the vegetation. Graupel can also cause icy roads, affecting people's travel.

In the afternoon of 20 February, snow fell in Heze, Shandong Province. Due to the low temperature, some roads were icy. Passing vehicles turned on their double flashers and drove slowly, and the number of passers-by was also significantly reduced.

In the evening of the same day, graupel also fell in Qingdao, Shandong Province. Some netizens said that it hurt a little when it hit the face, which they had never seen before.

Videos of many underground "graupel" in China are going viral on the Internet. Some netizens said that "graupel" is called salt particles in the local dialect. When salt particles fall, there will definitely be snow behind the graupel.

Some netizens said, "This is the first time I know about this weather phenomenon."

The Central Meteorological Observatory has issued a forecast of freezing rain or ice particles on the 20th, saying that freezing rain or ice will occur in parts of southeastern Henan, southern Shandong, central and northern Anhui, central and western and northeastern Hubei, northwest Hunan, southern Shaanxi, and northern Jiangsu. The amount of freezing rain is 2 to 5 mm, and locally it is more than 8 mm.

In addition, heavy to heavy snowfall occurred in parts of Shandong, Henan, northern Anhui, northern Jiangsu, western Hubei, southern Hebei, central and southern Shanxi, northern Shaanxi, southwestern and eastern Tibet.

The Central Meteorological Observatory continued to issue six major warnings at 6 am on the 21st, including orange warnings for cold waves, yellow warnings for heavy snow, yellow warnings for freezing, yellow warnings for heavy fog, blue warnings for strong winds, and blue warnings for severe convective weather. It is expected that widespread rain, snow and freezing weather will continue to occur in the central and eastern regions on the 21st, and the rain and snow will be the strongest period.

News (4)

The Ministry of Armed Forces from the Mao Zedong era reappears. Experts: Beijing is afraid of social unrest

Editor : Tang Zheng / https://www.ntdtv.com/gb/2024/02/21/a103855313.html / Image : At present, China's economic situation is turbulent, and the internal fighting among the top leaders of the CCP is becoming increasingly fierce. The picture shows a schematic diagram. (Noel Celis/AFP via Getty Images)

毛泽东时代武装部再现 专家:北京怕社会动荡

There are reports that in recent months, dozens of Chinese state-owned enterprises have established a new "People's Armed Forces Department" (hereinafter referred to as the "People's Armed Forces Department") internally. It is a relic of the Mao Zedong era and shows Beijing's growing fear of social and political unrest as China's economy slows.

The British "Financial Times" reported on 20 February 2024 that Chinese state-owned enterprises have begun to establish internal reserve forces, a relic of the Mao Zedong era, which shows that the Chinese Communist Party authorities are increasingly worried about social and political instability amid China's economic slowdown.

The newspaper's analysis of announcements by Chinese companies and official media reports during 2023 shows that in recent months, dozens of Chinese state-owned enterprises have established new "Ministries of Human Resources and Armed Forces." The "Ministry of People's Armed Forces" is an affiliated organization of the military in recruiting troops at the county and township levels during the time when the leader of the Communist Party of China, Mao Zedong, was in power.

Ili Group, the Chinese dairy giant, is a private company. It established the "Human Armed Forces Department" on 29 December 2023. This is the first such department in Inner Mongolia that is not a state-owned enterprise. The Chinese Communist Party’s official media reported in January 2024 that the Armed Forces Department was established in the IIi Group to build a national defense force that can “serve in peacetime, respond to emergencies, and respond in wartime.”

Ili Group's main state-owned dairy competitor in Inner Mongolia, Mengniu Group, also established a "Ministry of Human Resources and Arms" in May last year.

According to statistics from mainland media in October last year, a total of 23 state-owned enterprises in mainland China have established "Ministries of Human Resources and Armed Forces."

They include companies such as Shanghai Urban Investment Group, Wuhan Agricultural Group Co., Ltd., Jiangsu Nantong Haian Urban Construction Group, Wuhan Urban Construction Investment and Development Group, China Power Construction Equipment Group, Wuhan Metro, Guangdong Huizhou Water Affairs, Huizhou Transportation Investment Group, Huizhou Urban Construction Investment Group and Jiangsu Haian City Construction Development Investment Group, etc.

The Financial Times reported that experts warned that the establishment of armed forces by Chinese companies should not be seen as a sign of preparations for military mobilization against foreign enemies. On the contrary, it may reflect that CCP China is facing the slowest economic growth in decades, facing the so-called safety and worry about the risk of social instability.

The report quoted an unnamed member of the People's Armed Forces Ministry of Zhejiang Province as saying that his unit mainly focuses on military training and recruitment activities, and occasionally conducts military-themed education courses to schools.

Timothy Heath, senior fellow for international defense at the RAND Corporation, an American think tank, said that the activation of these "Ministry of Human Arms" units shows that the CCP leadership is concerned about domestic social stability.

"Because it happened in many places at the same time, it was almost certainly a top-down directive," He Tianmu said.

Li Yuanhua, a historian living in Australia, previously told The Epoch Times that the higher-level militia organizations of the Ministry of Armed Forces are directly connected with the Security Bureau and the garrisons in various provinces. This is a consistent measure of the Chinese Communist Party to use all people as soldiers. However, after the so-called reform and opening up, the Ministry of Armed Forces gradually downplayed it.

Feng Chongyi, a scholar on China issues and associate professor at the University of Technology in Sydney, Australia, once told The Epoch Times that China’s unemployment rate is rising sharply, corporate bankruptcies are surging, and the number of financial refugees and other types of disaster victims will increase significantly. The Ministry of Human Resources and Armed Forces has returned because the CCP is evaluating the current social situation.

He pointed out that the CCP assessed that there might be social unrest and a wave of protests would come, so it acted preemptively by establishing these institutions and implementing them in enterprises, streets and rural areas, with the purpose of nipping the "unrest factors" in the bud. The Chinese Communist Party is making such preparations.

Li Yuanhua said that the CCP is afraid that people will defend their rights on a large scale, so it will dispatch armed police or regular troops to suppress them, which will easily lead to a so-called military coup. If the militia organization of the Ministry of Armed Forces is mobilized to suppress it, and they dress like ordinary people, it will be more deceptive both internally and externally, but it will not hinder the stability of its autocratic totalitarianism.

Li Yuanhua believes that the CCP has foreseen the coming debt crisis, including frequent financial explosions, and debt collectors may appear in all areas of society. In order to maintain so-called stability, the CCP must suppress the debt collectors.

News (5)

Will China's middle class fall into poverty again? Expert analysis

Reporter : Cheng Jing / Editor :  Zheng Yucheng / https://www.epochtimes.com/gb/24/2/9/n14177429.htm / Image : Experts say that China's current economic problems are like "multiple organ failure" and it is facing many crises, including the real estate bubble. (Noel Celis/AFP)

中国中产人士会再跌入贫困吗?专家解析
Whether China’s economy can recover has become the focus of the world’s attention.  Based on the official released consumption data a few days ago, experts are not optimistic about it. Professor Xu Chenggang, a political economist at Stanford University, recently discussed the fundamental problems and future direction of China's economy under the theme "Can China's economy be saved?"


Can China's economy be saved?
On Monday (19 February 2024), the Chinese Communist Party officially announced data that tourist spending during the New Year period increased by 47% compared with the same period last year, an increase of 7.7% compared with the level before the covid outbreak in 2019, and the number of tourist trips increased by 19% compared with the same period in 2019; The stock market has risen slightly in the past two days.

However, Nomura analysts said that compared with before the epidemic, single trip consumption fell by 9.5%. Customs data from Haikou, a duty-free island in Hainan, show that the average holiday spending per customer fell by 16% year-on-year. Jefferies China economist Chen Shujin said that the consumption pattern of Chinese people has changed from "having money but no time" to "having time but no money".

In fact, China's economy has continued to decline recently, with serious problems such as sluggish real estate, flight of foreign capital, sluggish stock market, weak consumption, large number of unemployed people, and declining exports.

"The problems in China's economy are not caused by one person, but by China's system." Professor Xu Chenggang said in a recent interview with Yuan Li, the host of the self-media "Don't Understand Podcast".

Xu Chenggang said that the United States and Japan are both market economies based on private ownership, democratic systems, and rule of law. The rule of law means that the courts are independent of the party and the executive branch of the government. In the capitalist world, what supports capital is the law, so removing the legal system is equivalent to removing the soul of capitalism.

“The serious problems we have seen in China’s real estate market, problems in the stock market, and problems in the entire economy are actually inseparable from the complete state ownership of land and banks, and the judiciary is a tool of the party. It cannot be separated from the problems brought about by all these basic systems. This is the basic feature of the Communist Party system."

"These problems have caused China's economy to actually see a very steady decline in growth rate year after year since the global financial crisis." He said that as a general trend, the Xi Jinping regime has accelerated this decline.

"In fact, China is not the only one. In the past, the Soviet Union and the Communist countries in Central and Eastern Europe all experienced a gradual decline, and finally it dropped to a slower growth rate than the capitalist economy."

He said that under the totalitarian system, the CCP is only trying to create some form of market economy to help totalitarianism survive.

Has the economy collapsed?
Has China's economy collapsed? Xu Chenggang believes that in fact, under different systems and under different backgrounds, people will have different understandings.

"If this is an open society, an open society, a market economy, a democratic system, then when your economy obviously declines, the unemployment rate rises significantly, and the stock market drops significantly, then everyone will say that it has collapsed. And then You will vote out the current leaders during the election.”

He said that in a closed society, especially in a totalitarian system, voices are controlled, ideologies are controlled, and information is controlled. "When this totalitarian ruler believes that economic-related speech has threatened its regime, it will ban all economic-related speech and prohibit all relevant data from being seen."

He gave an example: During China's three-year famine, famine in all regions was not allowed to be exposed. The vast majority of urban people have no idea that tens of millions of people have starved to death in China, and no one in the local rural areas dares to tell them. "Under such circumstances, everyone can endure the economy and endure it without collapsing."

Financial crisis breaks out? or very fast or "boil the frog" style
Given the continued slump in Chinese real estate, will a financial crisis break out in China? Xu Chenggang believes that if China is a market economy, then China's current fundamentals and current financial conditions determine that a financial crisis is almost difficult to avoid. Because there are huge problems in the real estate market, it will bring crisis to the whole of China's finance. But it masks.

He said that the CCP controls all the country’s resources. "It is true that the CCP has many assets in its hands, but there is no way to use these assets to withstand the financial crisis unless you sell them to international people. So whether it is sold to private individuals or to international investors, in fact, From the perspective of the Communist Party, this has shaken the ruling foundation of the Communist Party, so this is politically unacceptable."

Xu Chenggang believes that if a financial crisis breaks out in China, it will happen very quickly, with large-scale and large-scale unemployment suddenly occurring; but if a financial crisis does not break out, then it will gradually "boil a frog in warm water" and gradually become more and more serious. The worse it gets, the worse it gets.

Will the middle class fall into poverty again?
At present, many middle-class people in China are very panicked, fearing that they will fall into poverty again. Will this happen on a large scale? Professor Xu Chenggang replied that, in fact, this has been happening over the years. A large number of middle class, middle and upper class people are going through this process. Nowadays, those who are unemployed on a large scale belong to the working class, that is, migrant workers.

"The problem now is that as the economy gradually declines, this problem will become more and more serious. What is certain is that this is already happening and will continue to happen; what is uncertain is just how fast it will get worse. How fast it will be."

Official statistics from the Communist Party of China say that GDP will grow by 5.2% in 2023. Xu Chenggang believes that this data is unreliable. The reason is very simple. The unemployment rate is rising significantly, the overall foreign trade is declining, and the entire real estate industry is declining. The so-called three new tricks: electric vehicles, batteries, and green energy only account for 3% of foreign trade. In this way, GDP growth The biggest possibility is between zero and 1%.

In the electric vehicle industry mentioned by Xu Chenggang, the Chinese market is experiencing a slowdown. China's electric car industry has boomed in the past few years, fueled by subsidies, with sales exceeding Europe and the United States combined. However, after subsidies were reduced and consumers cut back on spending, vicious competition emerged. Many electric vehicle companies were willing to burn money in exchange for share, failed to achieve profitability, and faced the risk of bankruptcy or the need for capital injections.

China's economic reform is not for the economy at all, but for the political power
China's economy has developed rapidly for decades. Professor Xu Chenggang pointed out that the original purpose of the Chinese Communist Party’s economic reforms was not purely for the economy, but for political power. When leaders believe that private enterprises threaten their rule, they will get rid of whoever poses the greatest threat first.

He gave an example, such as the so-called education and training industry, which is actually competing for territory with the Communist Party in the field of education and ideology, so just shut down all of them and be done with it.

He said that when Ant Financial was investigated again, people interpreted it as because of a few words said by Jack Ma. "No, that problem goes far beyond Jack Ma's few words. As a financial institution, if Ant Financial's listing is to succeed, the boundaries between it and banks will no longer be clear, which will fundamentally shake the foundation of the Communist Party's governance, and this is not allowed."

Xu Chenggang said that no CCP leader would think it was for the sake of the economy. No matter whether it is the Soviet Union or the Communist leaders in Eastern and Central Europe, no one believes that his economic reforms are for the sake of the economy and that economic reforms are for his regime. If it threatens the regime, the Communist Party will kill that person or force without hesitation.

News (6) to (8) /  Reporter : Luo Tingting / Editor : Wen Hui / https://www.ntdtv.com/gb/2024/02/20/a103855040.html

News (6)

The CCP’s instigation of “If you don’t buy a house now, five years of hard work will be in vain” triggered ridicule

On 20 February 2024, the Central Bank of China lowered the benchmark loan interest rate again, and the interest rate for first home loans fell to a historical low. Experts appealed to people to buy houses, saying, "if you don't buy a house now, you will be working in vain for five years." This triggered a group of mainland netizens to ridicule that "if you buy a house now, you will work in vain for the rest of your life."

News (7)

First home loan interest rates drop to lowest, Chinese people still reluctant to buy a house

China's real estate industry is on the verge of collapse, and housing prices and home purchase rates continue to fall. In order to promote the housing market, the Central Bank of China lowered the loan benchmark interest rate (LPR) again after eight months.

On 20 February 2024, the latest loan market quotation rate was released, with the five-year LPR lowered to 3.95%, previously 4.20%; but the one-year LPR was still 3.45%.

Many experts within the CCP system said that before the interest rate cut, the LPR was already at a historically low level. This five-year LPR has been lowered by 25 basis points again, which is unprecedented, and they called on the public to actively buy houses.

On that day, the entry "Experts say if you don't buy a house now, your five years of work will be in vain" became a hot search topic. Many experts said that lowering the mid- to long-term LPR benchmark interest rate will help reduce residents' pressure to purchase real estate and repay existing mortgage loans, and promote consumption in the housing market.

For example, the calculation is based on a commercial loan limit of 1 million yuan, a loan period of 30 years, and equal principal and interest repayments. This time the LPR has dropped by 25 basis points, the monthly payment has been reduced by approximately 145 yuan, and the cumulative monthly payment has been reduced by 52,000 yuan over 30 years.

Zhang Dawei, chief analyst of Centaline Real Estate, said bluntly that the five-year interest rate cut this time is to stabilize the property market. Stabilizing the property market can better stabilize the economy.

However, experts said that "if you don't buy a house now, five years of hard work will be in vain", which triggered ridicule from the vast majority of Chinese netizens:

"If you don't buy a house now, you will be busy for five years in vain. If you buy a house now, you will be busy for a lifetime."

"Okay, okay, you started tricking me into buying a house again, right?"

"A New Year's joke."

"Is it because I don't want to buy it? No, it's not. It's poverty that limits my imagination. Can you tell me first how you can own your own house without money?"

"Wow, it seems that the country is so anxious that it almost rushes into citizens' homes and demands to buy houses."

"Good guy, we can't save it, right? Or do we have to sacrifice the people? Is it a crime or not? I want to hollow out three generations of people, buy a house for myself, study for 20 years, hollow out two generations first, make a down payment of hundreds of thousands, and then kidnap one generation. People are willing to be slaves for 30 years, while at the same time shouldering the burden of medical education and cultivating three labor forces, please applaud and say nothing."

"I feel that as a party member, we should take the lead. There are nearly 100 million party members in our country, including 8 million civil servants and 40 million career workers. According to experts, I suggest these people buy a house first, and those who have a house will buy one. Evergrande has 1.6 million undelivered apartments. It has solved unfinished buildings and made money at the same time. They serve the people day and night and do such a good thing that ordinary people will not argue with them."

News (8)

China’s real estate market is in crisis, the CCP’s rescue efforts are ineffective

The three-year-old covid epidemic has caused many Chinese people to lose their incomes and even lose their jobs, so they have given up on buying houses. The inflated real estate bubble in China has finally begun to burst.

On 17 January 2024, data released by the National Bureau of Statistics of the Communist Party of China showed that the price of new housing in December last year hit the largest decline since February 2015. New home prices fell 0.4% in December, the fastest decline in nine months. This is the seventh consecutive month of decline.

In the second-hand housing market, house prices in 70 first-, second- and third-tier cities all fell for the seventh consecutive month compared with the same period last year.

Fidelity, a well-known investment company, believes that China's current housing prices need to fall by 80% to reach a level that ordinary people can afford. However, the decline in housing prices is a terrible thing for the Chinese government and real estate developers.

Sun Hongbin, chairman of real estate company Sunac China, said that if house prices fall by more than 30%, almost all real estate companies will go bankrupt, which will also have a huge negative impact on the economy and government finances.

News (9) to (10) / Reporter : Tao Ming / https://www.ntdtv.com/gb/2024/02/21/a103855318.html

​News (9)

Navalny's death prompts White House to launch new sanctions against Russia

The popularity of the U.S. presidential election continues to rise, and President Biden will go to California to canvass votes on 20 February 2024. He also announced to reporters that a new round of sanctions against Russia would be unveiled on Friday.

Biden would announce a new round of "major" sanctions against Russia in three days.

It is the latest step the White House has taken after blaming Russian President Vladimir Putin for the death of Russian opposition figure Alexei Navalny in prison.

U.S. President Biden: "I told you that we would announce sanctions against Russia. We will announce a major sanctions plan on Friday (23rd). I will tell you in detail then."

News (10)

Biden does not care about Trump or Haley

Also on Tuesday, Biden said he does not care whether he faces Trump or Nikki Haley in the November presidential election.

Reporter: Nikki Haley or Trump?

Joe Biden: “I don’t care.”

Trump currently has only one remaining opponent in the Republican Party, former U.S. Representative to the United Nations Nikki Haley. Although Haley lost consecutive party primaries in different states, she still threatened on Tuesday that she would not withdraw from the election.

Former U.S. Ambassador to the United Nations Haley: "I'm not going anywhere. I think Trump is the right president at the right time, but times have changed, and Trump has changed."

The next Republican primary will be held in South Carolina on Saturday (24 February). Although South Carolina is Haley's home state, Trump is far ahead in the state's polls and is expected to easily win the primary.







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