6.5 million people recovered from covid suffer from smell inversion for hours to days

Editor : Cai Minggen / Translation, editing : Gan Yung Chyan, KUCINTA SETIA

Image :  6.5 million people in the world have recovered from covid but they are suffering from an inverse sense of smell (Shutterstock Dazhi Image, TVBS News) 

Since the spread of the covid epidemic, the number of confirmed cases in the world has exceeded 100 million. Many patients have symptoms of abnormal taste or smell during the infection. Now it is reported that many people that have recovered from covid are suffering from "inversion of smell". The situation is the smell of food, soap, and family members all make patients after recovery want to vomit. It is estimated that about 6.5 million people worldwide have this symptom, but the cause and treatment are still not clear to the medical community. 

According to the BBC report, Clare Freer, a British woman suffering from an inverted sense of smell for 7 months, complained that every time she wanted to cook for her family, she would smell the smell that made her dizzy and vomiting when she turned on the oven. She described "the house is full of rotten smell, which is simply unbearable." Others include onions, coffee, meat, fruit, alcohol, toothpaste, cleaning products, perfume or tap water. Even the smell of a partner makes her unacceptable. 

Chrissi Kelly, the founder of the charity "AbScent", founded a club on Facebook in June last year to help about 6,000 people understand and improve the symptoms of perversion. Kelly pointed out that almost all of these patients lost their sense of smell after being infected with the disease, and finally caused an inversion of the sense of smell. When they smell many things, they will turn into the terrifying smell of "death, rotting, rotten meat, and excrement." 

According to statistics, about 65% of covid patients will have symptoms of smell or taste abnormalities, and 10% of them will eventually become "qualitative olfactory disorders", that is, inverted sense of smell or, more rarely, hallucinations, among 100 million infected worldwide.

 Among many people, there are probably 6.5 million people suffering from inverted sense of smell. "AbScent" believes that olfactory training is beneficial to control the condition including regular smelling of essential oils, dietary adjustments and avoiding heavy-tasting foods. 

University of Reading scientist Jane Parker pointed out that the unpleasant smell of patients with perversion will stay on the body for a long time. For others, the smell of coffee will only stay in the nasal cavity for a few seconds, but it may stay on the patient for several hours to several days. Before the epidemic, there were not many relevant studies, so it may take several years to study this.

For the detailed report, please visit: news.tvbs.com.tw/world/1457136?from=Copy_content, https://news.tvbs.com.tw/world/1457136?utm_source=Webpush&utm_medium=Webpush

Chinese talked about their terrible experiences in Chinese hotel quarantine and anal swab tests

News (1)

 43 Chinese returned to China to quarantine, ask for help and tell their terrrible experiences

Editor : Wen Xin / https://www.ntdtv.com/gb/2021/01/30/a103043386.html / Translation, editing : Gan Yung Chyan, KUCINTA SETIA

Image : The internal circuit of the centrally isolated Chengdu Hotel is aging and there is no heating. (Provided by interviewee)

Under the SARS-CoV-2 (CCP virus) epidemic, epidemic isolation policies across China have been exposed. A few days ago, 43 Chinese who flew back to Chengdu, Sichuan from Germany, asked for help through the Internet and told about their horrific experiences.

According to an exclusive interview on the Chinese website of The Epoch Times, on 27 January, 43 passengers on Air China flight CA432 from Germany to Chengdu asked for help through the Internet. Among the 43 people were a 2-year-old child and a 4-month-old baby.

They said that they were forced to quarantine at their own expense in the old Chengdu Hotel, where the room temperature is below 10 degrees Celsius, without heating, and with extremely poor sanitary conditions. In the case of ineffective communication with hotels, epidemic prevention departments and local governments, they were helpless to initiate  online requests for help.

The official Chengdu report stated that on 25 January, the CA432 flight from Germany arrived in Chengdu. On 26 January, there were a confirmed covid case and 1 asymptomatic infection, both of whom were Chinese nationals.

The Epoch Times reporter interviewed two close contacts of the flight, and they told reporters about their personal experiences.

News (2)

Old hotel room without heating, frostbite in 24 hours

Image : The internal circuit of the centrally isolated Chengdu Hotel is aging and there is no heating. (Provided by interviewee)

Wang Yue (pseudonym) revealed, “I arrived in Chengdu on January 25, probably because we came back from abroad. The airport epidemic prevention staff tested us very strictly. The cotton swab pricked our nose very deeply and we cried all at once. Then we were caught by the bus. It was sent to the Spring Hotel. Although three cockroaches fell out of the hotel towels, now think about it, compared with the current hotel, there (Spring Hotel) is still much better, at least the room temperature is 25 degrees."

During the interview, Wang Yue broke down many times. She revealed that she came back to visit because her relatives at home were seriously ill but because the seat was close to the confirmed case later, he became a close contact.

"These 43 of us were close contacts of the two confirmed cases on the plane. We were sitting in three rows before and after the confirmed cases. On the 26th, we received a call telling us to pack our things and move to another hotel. I was confused at that time. ."

Wang Yue said that in her current hotel, the room temperature during the day was less than 10 degrees Celsius, and the winter in the south was wet and cold, and she had developed frostbite. "It is not allowed to use all heating equipment here. The doors and windows are not closed tightly, and they are all leaking. I put on a three-layer quilt and I will be awake at night.

Wang Yue said that she told the people at the hotel that the windows were leaking, but the other party's attitude was very bad and they did not repair it.

"We have formed a WeChat group to make it easy for everyone to contact. The toilet in some people's rooms is not easy to use. I told the hotel that the hotel staff asked us to take a bucket and flush the toilet by ourselves, but did not repair it."

Another passenger, Li Qing (pseudonym), who was quarantined in the hotel, was also transferred from Spring Hotel. Her feelings were exactly the same as Wang Yue, "This hotel is too cold, and the windows and doors are broken. I sometimes think about the outdoors. After a while, it’s warmer outside than inside."

Li Qing told The Epoch Times reporters that they also understand that the hotel said they were afraid of infection and therefore could not turn on central air conditioning. "But at least provide us with some heating equipment? We also have babies in isolation here."

"The hotel staff, let us buy hot water bottles by express delivery to keep warm. But this will not solve the problem."

In addition to the heating problem, Li Qing said that the wiring in the hotel room is seriously aging, and there are safety concerns. “When two electrical appliances are used in the room at the same time, there will be trips and sparks, which frightens us. So even if we have heating equipment, it’s impossible for more than 40 of us to use heating equipment at the same time. Even if the hotel allows the use of electric blankets, we are afraid that the circuit will short-circuit when we fall asleep and cause a fire."

News (3)

Isolated at high price, eat cold rice, eat hair out of food

Chengdu Hotel is a three-star hotel located in Jinniu District of Chengdu. The reviews from online customers generally reflect that the hotel rooms are old.

Li Qing said, "Usually, the average hotel price is 187 yuan per person per night. Now the hotel charges us 240 yuan per person plus 70 yuan for meals, a total of 310 yuan per person per day. Hotel staff have revealed that the hotel has been a long time. No one lives anymore."

For the 43 people in quarantine, daily food hygiene is also a problem. Many people in the WeChat group composed of quarantined people have reported that they have found long hair in meals many times.

Wang Yue said, “In one day, after I had two meals and ate my hair, I really broke down. I told the hotel people that you don’t need to give me food. I would rather not eat than eat. I woke up from the cold in the morning, thinking that the rice delivered in the morning was hot, but the porridge, milk, a small steamed bun, a small flower roll and a small bun were all cold!"

Wang Yue revealed that a two-year-old child and a four-month-old baby were also isolated together. In this harsh isolation environment, many people dare not take a bath because the bath water is warm. "We are afraid that we will catch a cold in the bath, and it will be even worse to be treated as a suspected case."

"In addition to the hair, there is lymphatic meat in the food, and the beans have deteriorated." Wang Yue said, parents with children in the group only give rice to the children because they are afraid that these dishes will have problems. There are already several adults who feel uncomfortable after eating, have stomach pains and have diarrhea.

News (4)

Traveller under quarantine suffers emotional breakdown and is unattended, and online help is restricted

Wang Yue said that some of the 43 people in quarantine have been in constant emotional breakdown. "Under such an environment, we are very worried about our health and safety. We respect and abide by the epidemic prevention policy and cooperate with everyone, but we really can’t hold on. We call the mayor’s hotline, 12345, and no one answers. No one listened to us on the phone or online feedback."

In desperation, a quarantine officer posted the whole thing on Weibo, but was restricted by current flow, that is, posts posted on Weibo, many people couldn't see it.

Wang Yue also revealed, “It seems that hotel staff are spreading rumors on our Weibo, saying that we have been transferred to a better hotel and the problem has been resolved. Later, someone may have a conscience and send a private message to our isolated people. Said it was instructed to do so."

Image : Some people admitted to being accused of maliciously spreading rumors under the quarantine's help on Weibo. (Provided by interviewee)

According to the quarantined personnel, there was also a foreigner who was quarantined together. This foreigner has been moved to a higher-floor room, and the medical staff who were isolated together live on the higher-floor with better room conditions.

As of press time, more than 40 people in centralized isolation are still living in hotels without any heating, poor facilities, and serious safety hazards.

News (5)

Chinese "anal swab" detection video exposed, netizens exclaimed: terror

Reporter : Luo Tingting  / Editor: Wen Hui / https://www.ntdtv.com/gb/2021/01/30/a103043309.html / Translation, editing : Gan Yung Chyan, KUCINTA SETIA

Image : After the Chinese people finished the "anal swab" detection video exposure, netizens exclaimed: horror, like being pulled by a tongs. (Video Screenshot)

 The Chinese authorities launched an "anal swab" test, which triggered a huge backlash from the Chinese people, calling it "very insulting." A few days ago, a video of the Chinese people after the "anal swab" test was exposed by the media, causing Chinese netizens to exclaim: "So scary", "Have you been taken out by a tongs?"

The mainland portal Sina News released a video at night of 29 January 2021, stating that it was the scene of "the people of Shijiazhuang undergoing a nucleic acid anal swab test" on 28 January.

The video shows that many people who have done anal swab testing, regardless of age or sex, walk with their feet wide open, limp and limp, seemingly suffering from great physical injury and pain.

The film also emphasizes that the current anal swab screening method is "only used for key populations at isolation points."

Many Chinese netizens were taken aback when they saw this video, exclaiming,  "I'm going, it's so scary!", "Have you been taken out by a tongs?", "It seems that anal swab testing is not very comfortable!"

According to a report from Radio Free Asia, only mainland China currently uses anal swab sampling method in the world, compulsorily testing the general population for the CCP virus.

The CCP officially claimed that sampling through the anus can increase the detection rate and reduce omissions. The Beijing authorities announced on 23 January that they would sample throat swabs and anal swabs at the same time.

Recently, a new 9-year-old boy in Beijing was diagnosed with the CCP virus. After that, all students, faculty and staff of the boy’s school had nasopharyngeal swabs, oropharyngeal swabs, anal swabs and serum tests.

A few days later, the Chinese Communist Party’s CCTV reported that all residents in Daxing District, Beijing, where there were cases of infection, had to undergo throat swabs, anal swabs, and serum tests at the same time. The official also released a schematic diagram of anal swab sampling.

Image above : Web Screenshot

However, Chinese netizens are extremely disgusted with the sampling of anal swabs. Some netizens said, “It is not very harmful, extremely insulting”.

Some people also said that "I have dispelled the idea of ​​going home for the New Year after reading the official propaganda pictures. The deaths and illnesses are small, but the accidents are serious."

A pharmacist in Beijing told Radio Free Asia that the amount of virus in feces is indeed high, but the official use of this method for detection may be due to the low sensitivity of the detection reagents in the mainland.

According to official reports, many patients were found to be positive after multiple tests. After the epidemic broke out globally last year, the testing reagents that the CCP exported overseas were approved for poor quality and low accuracy, and returned by many countries, making the CCP face losses.

The biggest bankruptcy reorganization in history! HNA's 63 companies apply for reorganization, occupied huge funds in violation of regulations

 Reporters : Guo Fang, Sun Tingyang / Publisher : China Economic Weekly / http://www.minhangshi.com/m/h5/detail/9150043 / Direct translation

63 companies under HNA Group have been filed for bankruptcy and reorganization. The amount of capital occupied by major shareholders and related parties and undisclosed guarantees is staggering!

At this point, the overall risk reduction of the trillion-level group HNA will proceed in accordance with the essence of bankruptcy and reorganization.

At night of 29 January, HNA Group issued a statement stating that it had received a "Notice" issued by the Hainan Provincial Higher People's Court. The main content was that the relevant creditors applied to the court for bankruptcy and reorganization of our group because the group was unable to pay off due debts.

Subsequently, in the early morning of 30 January, HNA's three listed companies HNA Foundation, HNA Holdings, and Supply and Marketing Departments respectively issued reminder announcements.

HNA Foundation announced that the parent company has been reorganized by creditors. Twenty subsidiaries including International Tourism Island, HNA Airport Holdings, and Sanya Phoenix Airport were filed for bankruptcy and reorganization at the same time.

HNA Holdings announced that because the company was unable to pay off its due debts and apparently lacked solvency, creditors had filed an application for reorganization. Ten subsidiaries including China Xinhua Airlines, Air Changan and Shanxi Airlines were filed for bankruptcy and reorganization at the same time.

According to the announcement of the Supply and Marketing Department, the creditor applied to the court for reorganization on the grounds that the company was unable to repay the debts due and apparently lacked solvency. 24 subsidiaries including Baoji Shopping Center and Xi'an Minsheng were also filed for bankruptcy and reorganization.

Grand China Airlines, HNA Commercial Control, HNA Industrial, HNA Capital, and Basic Holdings also filed for bankruptcy and reorganization. In other words, including HNA Group, at least 63 companies in the HNA Department have been filed for bankruptcy and reorganization at the same time.

At the same time, the three listed companies also announced the occupation of funds by major shareholders and their affiliates, and the amount of undisclosed guarantees.

If finally accepted by the court, this will undoubtedly be the largest bankruptcy reorganization case in the history of Chinese corporate bankruptcy and even in the history of China's economy.

HNA’s liquidity crisis has lasted for nearly three years. Even though there is much speculation in the market, this result is still beyond everyone's imagination. Even the HNA Group Joint Working Group (hereinafter referred to as the Joint Working Group) may not have expected it when it moved in.

According to HNA, this is a plan that can best protect the interests of all parties. After the HNA Group enters the bankruptcy reorganization process, it will reduce its debt level through various methods such as debt transfer, stock repayment, and repayment of retained debt, which can protect the interests of investors to the greatest extent; introduce new strategic investors to bring new development to the company With the financial support of the company, the company can accelerate its return to the track of healthy development; adopt the strategy of "time for space" to give the company a certain amount of development time, and the value of equity will be further enhanced.

Liu Yanling, a well-known domestic bankruptcy lawyer and partner of Beijing King & Wood Mallesons, said: Bankruptcy reorganization is not the same as bankruptcy liquidation. The ultimate goal of bankruptcy and reorganization is to save the troubled company through the reorganization of debt, assets, equity, management, etc., to give the company opportunities and rebirth, and to achieve a win-win situation for the company and creditors.

HNA figured out debt for the first time in history

On the eve of the announcement of bankruptcy and reorganization, Gu Gang, the leader of the joint working group, sent an affectionate internal letter to all HNA employees. He said in an internal letter, "I know that as soon as the announcement of the group's bankruptcy and reorganization is released, the entire group will once again be caught in a whirlpool of public opinion and become the focus. Naturally, many people will be sad and anxious."

A week ago, on 22 January, HNA Group issued an announcement stating that the joint working group has completed due diligence work and formulated risk management ideas and plans in accordance with the principle of "rule of law and marketization", and positive progress has been made in all work.

It now appears that this is a preview. After that, Gu Gang continued to signal the market.

On the night of the announcement on January 22, Gu Gang said that HNA's risk management is about to enter a critical period. Positive progress has been made in various tasks, but it is still facing huge difficulties, pressures and challenges.

On 25 January, he once again emphasized that HNA's overall risk management plan is gradually being implemented, but risks must still be faced squarely. Everyone must have the confidence to overcome risks and not be blindly optimistic.

Gu Gang said frankly in his internal letter, “The past year has been really difficult. Many of us have never imagined that an epidemic that has not been encountered in a century will affect us so severely. But in fact, many people don’t know, even if not. This time the epidemic, it will be difficult for us to continue."

According to an insider close to the working group, “when it first moved in, the joint working group never expected to go to the bankruptcy and reorganization step. Because they were told that the situation was not so serious.”

However, the real situation is far from this.

According to an insider of the HNA Group, “before the joint working group came in, it was really about to collapse. At that time, the joint working group leader Gu Gang and the deputy team leader Ren Tsinghua entered the board of directors, which was also the result of the request of shareholders.”

Before the joint working group entered, no one knew the real assets and liabilities of the huge and complex HNA system.

An important task of the joint working group since its arrival on February 29, 2020 is to find out. It spent several months checking the assets, liabilities, and related transactions of HNA Group and its more than 2,000 companies, and clarified the assets of the entire group. Base number, management structure, equity relationship and creditor's rights relationship.

Ren Qinghua, deputy leader of the joint working group, sent to Gu Gang a brand new complete version of the tree diagram of the equity relationship of several listed companies and group companies, each of which is nearly three meters long. She said: "Team leader, look at the picture of Shanghe on Qingming Festival."

An insider of HNA told a reporter from China Economic Weekly, “This is the first time in HNA’s history that it has figured out the asset base, management structure, equity and creditor’s rights of the entire group.”

The bottom line is: serious insolvency.

"The gap between assets and liabilities is huge, and it is no longer a problem that can be solved by selling assets." According to a relevant person in the working group, the debt data after detailed investigation is data that has been certified by multiple parties and is also data that can withstand historical testing. .

But on the other hand, HNA has high salvage value including asset value, brand value, and service value.

Finally, all parties reached a consensus on bankruptcy and reorganization.

The bankruptcy reorganization plan is also based on the joint working group to find out the base of HNA.

The HNA Group stated that the joint working group then proceeded to formulate a bankruptcy reorganization plan based on the overall debt risk situation of the HNA Group. Due to the complicated structure of HNA Group’s equity, assets, claims and debts, in order to protect the interests of all parties to the greatest possible extent, HNA Group’s overall risk mitigation plan was formed after multiple rounds of negotiations.

According to informed sources close to the working group, this plan has passed through nearly 300 creditor institutions, held more than 30 large meetings and countless small meetings for consultations and games, collected hundreds of opinions, and obtained 80% of the claims. Institutional support. The relevant leaders of Hainan Province and the regulatory authorities have also listened to the report many times. In the process, there have been fierce disputes and big differences. The currently formed plan is considered to be a solution to ensure the maximization of the interests of all creditors and a result acceptable to many parties.

It is reported that before the announcement of the plan, 280 creditor institutions have been notified in advance, and "most creditors are basically able to accept the plan."

Gu Gang said in an internal letter: "We have gone through countless deductions and quarrels, and have survived countless nights. We have received support from many institutions and contributed wisdom. Only through bankruptcy and reorganization can we usher in a new life."

One transfer order can mobilize all company funds at will

Perhaps the most unexpected thing for the joint working group is the illegal occupation of the funds of the three listed companies.

The three listed companies of HNA Foundation, HNA Holdings, and Supply and Marketing Department have all issued the "Announcement on the Special Self-Inspection Report on the Governance of Listed Companies", which details the occupation of non-operating funds by major shareholders and related parties and undisclosed guarantees. .

According to the statistics of the announcement, the amount involved in illegal occupation of funds by major shareholders and related parties and undisclosed guarantees is huge.

HNA Holdings alone occupied 37.5 billion yuan of funds, of which 9.6 billion yuan was borrowed by related parties, and 13.87 billion yuan was actually used by related parties. The funds formed by providing guarantees for related parties were deducted 8.67 billion yuan and collected by related parties. A sum of 5.08 billion yuan was used to help major shareholders to redeem 820 million yuan in wealth management for employees; the final capital of 13.7 billion yuan of wealth management products purchased by the subsidiary of Supply and Marketing Department was borrowed by the controlling shareholder or its related parties, and the subsidiary provided guarantees for the controlling shareholder or its related parties As a result, funds were deducted 5.3 billion yuan; HNA’s foundation was occupied by related parties’ non-operating funds of 5.57 billion yuan.

For the large number of small and medium shareholders involved in the three listed companies that have been filed for bankruptcy and reorganization, the risk of delisting and liquidation cannot be estimated. The current bankruptcy reorganization plan is considered by the joint working group to protect the interests of shareholders to the greatest extent. In the plan, debt levels of listed companies are reduced by transferring debts of listed companies to major shareholders for repayment, as well as through various methods such as equity repayment, retention debt repayment, and trust share repayment to protect the interests of small and medium shareholders.

According to relevant estimates, the debt transfer will be completed in 2021.

Judging from the announcement, a considerable part of the funds occupied came from bank loans, and these funds were mainly used by major shareholders and related parties to conduct aggressive mergers and acquisitions in the global market.

A reporter from China Economic Weekly was informed that in the period of less than three years from the beginning of 2015 to the end of 2017, HNA's M&A investment scale was close to US$50 billion.

This series of acquisitions reached its peak in 2016. HNA’s largest transactions occurred in this year, including: US$10 billion acquisition of CIT Group’s aircraft leasing business, US$6 billion acquisition of American electronics distributor Ingram Micro, 65 100 million U.S. dollars from the Blackstone Group to acquire about 25% of the Hilton Group shares become its largest shareholder. In 2017, HNA became the largest shareholder of Deutsche Bank.

These targets were relatively high-quality assets at the time. The founder of HNA had hoped to be among the world's top 500 through mergers and acquisitions.

In this dazzling series of mergers and acquisitions, HNA’s ultra-high skills have reached the point of proficiency, and its nesting structure of equity for mergers and acquisitions is extremely complicated.

All along, within the HNA Group, there has been strict hierarchical stratification and a high degree of centralization. A HNA insider analyzed that the high degree of centralized management has led to the opacity of asset flow. Although each company is an independent entity, it is impossible to maintain independence in management. "One person can mobilize the funds of all the companies at will. There is no firewall."

This ultimately led to the huge appropriation of listed company funds by major shareholders.

Gu Gang said in an internal letter: "When the weekly meeting is held, I think of the hard work of the week, the big pits dug by the barbaric growth in the past, and the roughness of many of our past decisions. If I study the assets that have been destroyed by others using commercial terms, I will be full of anger and dissatisfaction. How did such a good group come to this day?"

This may be the question and regret of many people.

Old shareholders will be completely out

According to legal procedures, if accepted by the court, HNA Group will officially enter the bankruptcy reorganization process. The administrator will take over the enterprise and supervise the debtor’s funds and property.

Once the debtor enterprise enters the bankruptcy procedure, it means that the company's property can no longer pay off all its debts. The creditor becomes the debtor’s shareholder, or sells the rights and interests of the old shareholders to the strategic investor. The strategic investor provides funds to repay the debt to the creditor to protect the interests of the creditor to the greatest extent.

HNA Group stated that entering the bankruptcy reorganization process is mainly to solve the creditor's rights and debt issues in accordance with the rule of law and marketization principles, and will not affect the normal production and operation of its main aviation business. After the reorganization is completed, the main aviation business will achieve "light equipment". , Truly "focus on the main business and healthy development."

Public information shows that HNA Group has 14 participating airlines and a commercial fleet of nearly 700, making it the fourth largest aviation group in China. According to the Civil Aviation Industry Development Statistical Bulletin 2019 issued by the Civil Aviation Administration in 2020, in terms of the total transportation turnover in 2019, the proportions from high to low are China Southern Airlines Group 25.2%, AVIC Group 24.6%, China Eastern Airlines Group 19.5%, HNA Group 15.6%, other airlines 15.1%.

According to "China Economic Weekly", some strategic investors have shown strong willingness to HNA. Once the court accepts it, it will begin to introduce strategic investment, and will mainly introduce private capital to continue to maintain the background of HNA's private airline.

After that, the old shareholders of HNA Group will be completely eliminated.

According to the joint working group’s risk resolution vision: After the reorganization is completed, HNA Group’s liabilities will be greatly reduced, the operating burden will be significantly reduced, and the management system will be further optimized; with the injection of incremental resources, the air transportation market will gradually pick up and the market economy The environment is gradually improving. HNA Group will resume its sustainable operation and profitability, and continue to maintain the fourth largest airline in the country with HNA Holdings as its core; listed companies in the HNA Group system will continue to maintain their listing qualifications to eliminate potential major shocks to the capital market , The interests of all small and medium shareholders are protected, and more valuable returns are expected in the future; the claims of all creditors are properly arranged to avoid the transmission and spread of debt risks, effectively prevent financial risks, and creditors can also obtain shares and trust shares through debt repayment Continue to enjoy the dividends of the development of HNA Group after the reorganization.

"The plan we worked so hard to formulate is not for bankruptcy, but for reorganization. All our suffering, all efforts, there is only one direction, and that is the success of reorganization. Even if our plan is passed, I know that many people still Full of doubts and doubts, because HNA has too many problems, the plan under this situation is too big, too complicated, and too difficult to operate." Gu Gang said in an internal letter: He is still full of the next step of work.  Be confident and believe that this plan will definitely be able to land.

In recent years of bankruptcy and reorganization cases, large enterprises such as Northeast Special Steel, Bogang Group, Chongqing Lifan, Qinghai Salt Lake, etc. have adopted bankruptcy and reorganization systems to optimize asset structure, introduce incremental resources, guarantee debt repayment, stabilize production and operation, and successfully avoid business closure for liquidation.

Let's hope HNA is no exception. 

UPDATES 03/02/2021

HNA subsidiary reveals 63 billion "asshole" alleged shareholders embezzled funds

Reporter : Tang Di  / Editor: Xiaohui / https://www.ntdtv.com/gb/2021/02/02/a103045471.html / Direct translation

After China HNA Group was filed for bankruptcy and reorganization by creditors, the bond trading methods of the group and its subsidiaries were restricted. A few days ago, a subsidiary of HNA suddenly disclosed that the parent company’s financial "mistakes", shareholders and related parties occupied 63 billion yuan (RMB, the same below). The outside world believes that HNA's internal struggle is an external manifestation of the internal struggle of the core of the Chinese Communist Party's power.

HNA Group, a large enterprise with official background of the Chinese Communist Party, issued a statement last weekend announcing that it had been sued by creditors to the court for bankruptcy and reorganization. On Monday (1 February), HNA Holdings, an A-share listed company under the HNA Group, issued an announcement on the Shanghai Stock Exchange stating that with immediate effect, the trading method of the company’s six bonds listed on the Shanghai Stock Exchange will be adjusted to only in Shanghai fixed-income securities. The electronic platform adopts the methods of quotation, inquiry and agreement transaction, and CSDC provides full settlement on a case-by-case basis.

At the same time, HNA Aviation Group also issued an announcement on the Shenzhen Stock Exchange, announcing that the trading method of its two bonds will be adjusted to only adopt negotiated block transactions. In other words, the bond trading methods of HNA's subsidiaries have excluded individual investors.

On the same day, the three listed companies under the HNA Group-HNA Holdings, HNA Foundation and Supply and Marketing Daji, issued the "Announcement on the Special Self-Inspection Report on the Governance of Listed Companies" on the exchange. According to the announcement, during the recent self-examination process, it was found that the financial management of the parent company was extremely chaotic, with major shareholders and related parties occupying 63 billion yuan of non-operating funds without the approval of the board of directors.

Take HNA Holdings, which is mainly engaged in aviation business, as an example. It disclosed in the announcement: The company has 9.567 billion yuan of funds borrowed by related parties; 13.875 billion yuan of loans are occupied by related parties; due to the provision of guarantees to related parties, 8.678 billion yuan of funds Deducted; 5.086 billion yuan of receivables was collected by related parties. Even HNA Group employees’ 820 million yuan wealth management products were redeemed by HNA Holdings. The company's total amount occupied by the head office and related parties amounted to 38.026 billion yuan.

HNA Holdings also issued a warning, saying that the company's loss is expected to be as high as 65 billion yuan, which set a new record for A shares.

In addition, the aforementioned three HNA subsidiaries also disclosed in the announcement: Without the approval of the company’s board of directors and the general meeting of shareholders, HNA’s shareholders and related parties provide debt guarantees in the name of the company, and these undisclosed debt guarantees involve a large amount Up to 46 billion yuan.

The three subsidiaries emphasized in the announcement that if the above issues are not resolved, the court may not accept the reorganization application; even if the application is accepted, the company still has the risk of being declared bankrupt due to the failure of the reorganization.

Hong Kong's newspaper Ming Pao reported that, judging from the self-examination reports issued by HNA Holdings, HNA Foundation and Supply and Marketing Daji, "HNA Group almost treats listed companies as cash machines."

In addition to the announcements issued by the above three subsidiaries, the Chinese Communist Party’s official media China Economic Weekly also quoted sources’ revelations that HNA Group’s “major shareholders” and their “affiliated companies” occupied funds, and the amount of undisclosed guarantee amounted to more than 100 billion Dollars.

However, the outside world has noticed that neither the relevant announcements of the three HNA subsidiaries nor the CCP’s official media have mentioned the names and relevant details of the “major shareholders and related parties”.

In this regard, Radio Free Asia pointed out in related reports that if the Beijing authorities have found out that the HNA Group has embezzled huge funds, but they have avoided the suspect’s name and related information, this kind of "toothpaste" revelation, The narrative of "Happiness still rests" "seems to reflect that the bargaining in the core of power is still continuing."

The report said that the chaotic financial situation of HNA Group is of course a cause for concern, but its power struggle behind the scenes is more intriguing.

HNA Group Statement: Creditors apply for bankruptcy reorganization

Report by : Gan Yung Chyan, KUCINTA SETIA

 HNA Group, which is deeply mired in debt crisis and various rumors, issued a statement on 29 January 2021 stating that creditors applied for bankruptcy and reorganization of the group due to its inability to pay off due debts.

HNA Group issued a statement through its official WeChat account, " On January 29, 2021, our group received the "Notice" issued by the Hainan Provincial High Court. The main content is: relevant creditors apply to the court because our group cannot pay off due debts, bankruptcy and reorganization of our group. Our group will cooperate with the court in judicial review and so on."

In recent years, HNA Group has been mired in the vortex of debt crisis and various rumours. Official data show that at the end of 2017, HNA had total assets of RMB 1.23 trillion and total liabilities of RMB 740 billion. However, many parties questioned that in the process of HNA's expansion, there were a large number of domestic guarantees and foreign loans, commercial bill financing, trust financing, and hidden guarantee financing, and its real debt situation was far more serious than official figures.

The mainland Caixin.com reported that HNA’s asset status and equity relationship are very complicated. It has 2,300 companies under its umbrella, 90% of which are shell companies, and nearly 200 entities actually operate. A person close to the working group said, "For the purpose of mergers and acquisitions, HNA often sets up a multi-layer structure. After the merger, except for the top and bottom layers, the rest is left unattended."

Even more shocking is that the capital exchanges between affiliated companies of HNA Group amounted to several trillions. The financial directors of various sections of HNA were called to explain the ins and outs of the funds, "Some people sweat like diarrhea and their shirts are soaked when they write information."

HNA started as a state-owned company Hainan Airlines which is established in 1989. Liu Jianfeng, the governor of Hainan at the time, was the former head of the former Communist Party leader Jiang Zemin. After that, HNA became a privatized company after several equity changes. Relying on the official background, HNA has done a lot of financing and mergers and acquisitions. It has acquired up to 50 billion US dollars of assets overseas alone. They include Deutsche Bank, Hilton Hotels, Ingram Micro International are among them, involving aviation, logistics, hotels, banks, fund management, etc. and many areas.

However, as the Chinese Communist Party tightened its control on private companies, in June 2017, the Chinese Communist Party's regulatory authorities named HNA and other four companies to transfer funds overseas in the name of overseas mergers and acquisitions. After that, banks basically stopped lending to these companies. Since then, news of HNA's capital chain breaking and involvement in the CCP's internal fighting has continued. Since then, HNA has changed from "buying, buying," to "selling, selling", busy with tail docking to survive, in a dilemma.

At the same time, there have been reports from overseas media that HNA is a small treasury for the top dignitaries of the Chinese Communist Party. According to official HNA news, former Vice President of the Communist Party of China Zeng Qinghong is the highest official who "highly praised" HNA in public. There is also news that Jiang Zhicheng, the grandson of Jiang Zemin, is one of the hidden shareholders of HNA.

In the afternoon of  22 January 2021, HNA issued an announcement stating that the "Joint Working Group of Hainan HNA Group" had completed due diligence and formulated a risk treatment plan.

On 29 February 2020, HNA announced that due to the superimposed impact of the covid epidemic, the company’s financial liquidity problems have intensified. The Hainan Provincial Government has taken the lead in the establishment of the "HNA Group Joint Working Group of Hainan Province" to station in HNA to carry out risks disposal. The working group leader Gu Gang served as the executive chairman of HNA, and the executive deputy group leader was Ren Qinghua as the co-CEO of HNA.

Nearly a year later, Gu Gang and Ren Qinghua resigned from their respective positions at HNA. Outsiders believe that this means that HNA's risk treatment plan has been recognized by key parties and will enter the implementation stage. However, the HNA announcement did not disclose the details of the disposal plan.

On 3 July 2018, Wang Jian, the co-founder and chairman of HNA, died unexpectedly during an inspection in France. There are many suspicious things about the incident, and public opinion questioned that Wang Jian was killed.

In November of that year, HNA Group and HNA Industry's assets worth 99 million RMB were seized, frozen or seized.

Study: SARS-CoV-2 damages the brain, 13% of patients suffer from mental illness within half a year

Reporter : Luo Tingting / Editor: Wen Hui / https://www.ntdtv.com/gb/2021/01/29/a103042572.html / Translation, editing : Gan Yung Chyan, KUCINTA SETIA

Researchers have recently discovered that SARS-CoV-2 (CCP virus) may remain in the brains of severely ill patients. A British study pointed out that nearly 13% of confirmed patients suffered from mental illness within six months.

According to the British "Guardian", researchers at Oxford University in the United Kingdom have launched a one-month survey since December last year. They have counted 236,379 cases of confirmed covid cases of the CCP virus, and found that nearly 13% of the patients were diagnosed with 6 cases suffered from mental illness within months.

The university's research report pointed out that if patients with a history of mental and neurological diseases are included in the statistics, the rate of mental illness caused by the CCP virus will rise to one-third.

Mounting evidence shows that the CCP virus is not only a respiratory disease, but also a threat to brain and mental health. A study quoted by The New York Post pointed out that the Chinese Communist Party virus may remain in the brains of severely ill patients and recur again.

Professor Mukesh Kumar, who conducted this research, said that as long as the brain is infected with the CCP virus, it will have many complications, because the brain is the human center, which controls the heart and lungs and is very sensitive.

The University of Leicester, University College London and National Statistics (ONS) recently conducted a study on 47,780 confirmed patients who were hospitalized between January and August last year. The average age of the patients was 65 years.

Research results show that the proportion of patients suffering from respiratory and cardiovascular diseases has increased after recovery. The CCP virus may cause damage to the heart, lungs and brain.

The study also found that 29.4% of patients were hospitalized again within 140 days, of which 12.3% died. And the readmission rate is highest among the elderly, African Americans and Asians.

In addition, the latest research from Georgia State University shows that the Chinese Communist Party virus infects the brain from the nasal cavity, causing deaths.

American virology expert Lin Xiaoxu said, "There is some experimental evidence that the CCP virus does not directly rush to the brain to infect it. It first passes through the peripheral nervous system and then leads to the central nervous system after peripheral infection. "

Lin Xiaoxu said: The amount of the virus in the respiratory tract and lung disease has been reduced, but the amount of the virus in the brain has not decreased but increased. The patient died not because of lung infection, but because of brain infection.

He said that even if the virus cannot be detected in the patient's respiratory tract and appears to be cured, the virus may still be present in the brain and relapse. "If the virus is hidden in the brain, if it is further activated, the virus will infect other parts of the body again, making other organs of the body may be further infected, and even if there are more infections in the brain, it will cause problems for other organs."

Lin Xiaoxu pointed out that the "CCP virus" surpasses previously known coronaviruses. It can use cunning mechanisms to escape the human immune system, which is very difficult to deal with.

Research: Taiwan is about Xi Jinping's success or failure

News (1)

Research: Taiwan is about Xi Jinping's success or failure

Reporter : Li Yun  / Editor: Deming / https://www.ntdtv.com/gb/2021/01/29/a103042377.html / Direct translation

The annual report of an organization in Washington found that Taiwan is related to the legitimacy of the Chinese Communist regime and Xi Jinping's success or failure in 2022. During the epidemic, the CCP relied on censorship to continue its life for the CCP regime, but it destroyed its international image by using the means of large internal propaganda in diplomacy.

The Center for Advanced China Research, a non-profit organization specializing in the study of the Chinese Communist Party in Washington, released its latest annual report, which is divided into three chapters: 1. Central leadership cannot be blamed; 2. Passing strict speech review and Spread positive energy to guide public opinion; 3. Push the origin of the virus to other countries.

David Gitter, President and Chief Executive Officer of the Center for Advanced China Studies, told Radio Free Asia, “The CCP cannot hide or reverse the sufferings of the people in Wuhan, especially. People are dissatisfied with the official hiding of the epidemic information at the beginning. However, the CCP’s propaganda It has indeed effectively reversed the direction of public opinion internally."

Ji Te said that although the CCP government and local officials in Hubei were involved in concealment, the faults were ultimately carried by local officials. Under the control of public opinion, the CCP and Xi Jinping escaped the blame. The local government became a scapegoat.

In his report, Ji Te said that the CCP’s large-scale propaganda method has indeed played some role in maintaining domestic stability and restoring its own image. However, the CCP exported this propaganda and narrative method to the international community, and it was not successful in restoring the CCP’s international reputation. It also had a counterproductive effect.

The report believes that the CCP virus (Wuhan pneumonia) epidemic has not become a "Chenobi moment" for the CCP to repeat the mistakes of the Soviet Union and move toward the disintegration of the regime, but the key to the CCP's regime lies in Taiwan and Xi Jinping.

According to the report, once the CCP launches a war against Taiwan and loses it, it will be a humiliation to the CCP regime and will also anger the public. The authority or accident that affects Xi Jinping may also trigger the crisis of extending his term in 2022.

The report believes that the CCP cares about political stability and will try its best to ensure that these accidents do not occur. The outside world should not bet on the crisis of the legitimacy of the CCP’s governance in order to bring changes to China as soon as possible.

Kitt believes that in order to pursue the so-called Chinese Dream, Xi Jinping will regard the unification of Taiwan as part of his important political legacy. But Xi Jinping has centralized power in one position, and he can wait on the Taiwan issue with no term limit. He will avoid risking a battle against Taiwan, because if he fails, it will destroy the stability of the Chinese Communist regime.

In recent months, the CCP has continuously increased its cultural attacks and military threats against Taiwan, and has sent military aircraft to fly over the center of the strait frequently. Last weekend, the CCP sent 28 military aircraft into the airspace west of Taiwan to disrupt Taiwan. On the 26th, the CCP dispatched four military aircraft to break into the same airspace in Taiwan.

According to statistics on the Facebook page of "Southwestern Airspace of Taiwan" on the 26th, the CCP entered Taiwan’s airspace for a total of 25 days in January, and Taiwan’s military was driven away by broadcasting 74 times.

When Yan Defa, the Minister of National Defense of the Republic of China, inspected the Air Force combat headquarters last year, he asked the officers and soldiers to maintain high morale at all times and unite the team together. "We do not provocation, raise conflicts, or cause incidents, but we are not afraid of war or cowardly." .

In the same year, O'Brien, who was the National Security Adviser of the White House, also warned the CCP that the CCP would dare to attack Taiwan by force. Once the United States intervenes, the CCP’s situation will become very dangerous. The U.S. will also unite with the whole world to form an anti-communist alliance. CCP will become an "International Outcast".

News (2)

Xi Jinping's "toilet revolution" encounters embarrassment, party media rarely bursts into chaos

Reporter : Luo Tingting  / Editor: Wen Hui / https://www.ntdtv.com/gb/2021/01/29/a103042608.html / Direct translation

The "toilet revolution" advocated by Xi Jinping has encountered embarrassment. The Chinese Communist Party media recently disclosed that more than 80,000 toilets rebuilt in Shenyang City, Liaoning Province have huge problems, and more than 50,000 have been abandoned. 

On January 28, a picture distributed by the Chinese Communist Party’s official Xinhua News Agency showed that the toilets officially installed by Shenyang for the public “not only face the stove without any shelter, but also have not been watered”.

There are also pictures showing that there is a brand new toilet in a dilapidated house, which has obviously been abandoned for a long time. The local people said, "My brother has moved out for 10 years, and the toilets are installed according to households, regardless of whether they live in them or not."

There are also people complaining, “It’s cold in the north in winter, and the slap-sized cesspool freezes after one use. You can’t use hot water every time you go to the toilet.”

"Toilet Revolution" is a toilet renovation initiative initiated by Xi Jinping in 2015 in response to poor public toilet conditions in tourist attractions. In 2017, Xi Jinping once again proposed to transform all public toilets across the country, especially those with poor rural environments.

As of February 2018, the Chinese Communist Party has invested 21 billion yuan to build and renovate more than 68,000 public toilets in cities and rural areas. However, this "toilet revolution" has become a face-saving project due to poor results and has become a joke for the outside world. And because of the "toilet revolution," rural people made the pits useless in the end.

The new toilets renovated in Anhui, Henan, Gansu and other places are not only blocked with water, but the septic tanks are not cleaned regularly. They have long been "flower vases" and have been discarded for a long time.

Liu Lanzhen, a villager in Fuyang, said that the new toilet has been remodeled for two years, but it has not been connected to water. It is a fully enclosed design and only has 3 ventilation holes on the wall. Once the toilet is entered, the smell will be unbearable. Another villager said that these new toilets are "model goods (not to be reused) and not practical at all."

The villagers had no toilets, so they had to build simple temporary huts at their doorsteps. Some were built by the ponds. The sewage was discharged directly into the ponds, and finally the whole villagers urinate and urinate in disguise.

The "toilet revolution" also caused many villagers to suffer. On March 2, 2019, a village chief in Lingbao City, Sanmenxia, ​​Henan Province took a sledgehammer, iron pick and other tools to demolish all outdoor toilets. Villagers protested one after another, "If you say you want to dismantle, where do you want people to go to the toilet?"

The village chief ignored the protests of the villagers. After all the toilets were forcibly demolished, it became difficult for the villagers to use the toilets. Early in the morning, the women ran into the crops in a hurry, and the men ran to the river on a motorcycle. The elderly with inconvenient legs often soiled their pants because they could not find the toilet.

A local driver said, “In the past, there were public toilets everywhere, but now I can’t find them, so I have to bring a urine bucket for my own convenience, but it’s disgusting.”

In November 2018, a village cadre in Hubei Province asked a poor old couple to pay 2,000 yuan to renovate the toilet. The elderly are very embarrassed. The village cadres said that no matter whether you are rich or poor, toilets are important. They threaten to cancel the treatment of poor households and medical insurance.

The two old men had no choice but to sell their rations and were forced to spend 800 yuan to renovate the toilet. Toilets that have not yet been fully built are much better than housing for the elderly.

Regarding how the new toilet cannot be used after it is built, how to deal with the inspection by the superior department, the villagers revealed: "The village cadre should know that the superior is coming for the inspection, and will tell us in advance. If we don't let us tell the truth, he will teach us how to say, and then give us 200 yuan. money."

In response to the problems of the "toilet revolution," Tang Renjian, governor of Gansu, once said that the "toilet revolution" was "always concerned and personally promoted" by Xi Jinping, but now it has become a "leisure furnishing" that is neither viewed nor used. ", "Spent money and bought public grievances."

In addition, this "toilet revolution" that has spread throughout the country has also become a new way for many officials to make money. The Chinese Communist Party’s CCTV kicked off in July 2019, and the "toilet revolution" became a hotbed of corruption for officials to defraud subsidies. Some local governments used this project to defraud subsidies.

For example, in Yingli Village, Shenze County, Shijiazhuang, Hebei Province, each toilet renovation bonus is 500 yuan, and the local area has inflated more than 100 toilets to defraud the subsidy.

Some observers believe that the "toilet revolution" advocated by Xi Jinping is also faked because of the official culture created by the CCP's "fake big sky".

In addition, in the process of advancing the "toilet revolution", many places in China have also launched "five-star toilets". The five-star toilets built in Yancheng, Jiangsu cost 2 million yuan each. The unit cost of public toilets constructed in Suzhou, Yangzhou, Guangzhou and other places is as high as 1 million yuan. The "five-star toilet" once aroused public criticism.

The first test flights of Qingdao Jiaodong International Airport on 27 January 2021

Report by : Gan Yung Chyan, KUCINTA SETIA / Image : CARNOC

On 27 January 2021, with the strong support of relevant military aviation, the Civil Aviation East China Regional Administration organized and coordinated all relevant units to use China Eastern A350 and Shandong Airlines 737-800 aircraft to successfully implement the airport test flights of the Qingdao Jiaodong International Airport construction project.  

Each test flight lasted more than 2 hours, verified the flight procedures and minimum operating standards of Jiaodong Airport, low-visibility operating procedures, inspected the operation of the airport operation support equipment and facilities, and inspected the airport flight area, taxi routes and parking spaces, and airport clearance. 

The actual situation, etc., achieved the expected goal of actual inspection of the airport's operational guarantee capability, completed an important work in the key link of the airport construction project, and laid a solid foundation for the subsequent industry acceptance and transfer to operation.