Tag: shandong province
China’s Major Banks Freeze Loans to Iran-Linked Refineries as US Sanctions Bite
China's financial regulators have quietly instructed the country's largest state banks to stop extending...
Cultural Revolution: Red Guards Destroy Confucius Temple and Tombs in Qufu, Led by Tan Houlan
The statue of Confucius stood for centuries in the main hall of his temple in Qufu. It was pulled down...
Banking Fraud in Shandong, China Sparks Mass Protests, Police Crackdowns
A major financial scandal has erupted in China's eastern province of Shandong, with allegations of fraudulent...
As China’s Finances Worsen, Thug-like Local Governments Impose a ‘Fines Economy’
As China's real estate, manufacturing, service, and consumer sectors shrink, local government tax revenues...
2 Years After Swine Fever Killed Off Half of China’s Pigs, Hog Farmers Are Struggling for Another Reason
Pork prices in China could not cover overhead expenses from June to September of this year, Chinese farmers...