‘Healthy’ Chinese Property Developers Affected by Raging Real Estate Crisis
Shimao Group, believed to be one of the healthiest developers in China amidst the country’s ongoing real estate crisis, has shocked investors by reportedly defaulting on its obligations. Shimao has about $10.1 billion in outstanding...
China Tells Banks to ‘Give Out More Property Loans’ While Easing M&A Rules
With China reeling under a property crisis and many real estate developers struggling to find funds to pay their dues, some are worried about the sector’s liquidity situation. There are fears that a few developers...
China Blasts Japanese-owned 7-Eleven Over Map of Taiwan
The Beijing municipal government has fined its local 7-Eleven convenience stores over its website depicting maps featuring Taiwan as a country and including “inaccurate” frontiers for Xinjiang and Tibet. Besides an official warning, 7-Eleven Beijing...
Economically Challenged Sri Lanka Asks China to Extend Loan Repayment Programs Amid Financial Crisis
The president of Sri Lanka has asked Beijing to restructure its debt repayments as part of efforts to help the South Asian country navigate a worsening financial crisis. President Gotabaya Rajapaksa made the request during...
Xi Jinping’s First Military Order of 2022 Hints at Regime Instability Ahead of 20th Party Congress
News analysis On Jan. 4, Chinese leader Xi Jinping issued Military Order No. 1 to the People’s Liberation Army (PLA), the first task the communist regime’s armed forces received this year. Though the order is...
Australia’s Northern Territory Declares 4-Day ‘Lockout’ for the Vaccine-Free
On Jan. 6, Australian Northern Territory (NT) Chief Minister, Michael Gunner, announced a four-day lockout for those not fully-vaccinated after the territory claimed a record-high 256 COVID-19 cases. “The fully vaccinated continue as they were,”...
France Backs Lithuania After Beijing Orders Embargo on Lithuanian Goods Over Vilnius’ Support of Taiwan
In a move of solidarity, France has urged the EU to show a united front against China over an escalating trade conflict over Lithuania. As it takes over the rotating presidency for the EU’s Council,...
‘Teach Tibetans a Lesson’: Monks Forced to Watch as Chinese Regime Destroys 99-Foot-Tall Buddha Statue
Last month, authorities in the Chinese province of Sichuan demolished a 99-foot Buddha statue and forced Tibetan monks and other local residents to watch the destruction of the revered monument. According to Tibetan sources, the...
French Lawmakers Shock Government by Rejecting Vaccine Passport Proposal
On Jan. 3, the French National Assembly rejected a government proposal aimed at turning the country’s COVID-19 pass into a vaccine passport. President Emmanuel Macron’s government had planned to impose the vaccine passport by Jan....
