According to public information statistics, from Evergrande’s listing in 2009 up to before the crisis unfolded in 2020, Xu Jiayin’s nominal share alone amounted to 44.7 billion Yuan (US$6.27B). According to media reports at home and abroad, by 2023, Xu Jiayin will receive more than 50 billion Yuan in dividends (US$7.01B). A veteran observer in ...
The rumblings and rumors of viability have been floating around for the past three years. Still, the world was not prepared for the scale of the economic earthquake that struck in September with the arrest of Xu Jiayin, Chairman of the Board of Directors of the mammoth Evergrande Group. It is not an exaggeration to ...
If you’ve been an active user of Facebook recently, you may have noticed some changes to your newsfeed. Facebook’s latest sweep has deleted thousands of accounts linked to Chinese troll armies. As Facebook calls them, these deceptive drifters were set up to manipulate public opinion by spreading propaganda and conspiracy theories. They targeted both Chinese ...
Where has the “Merkel Era” gone, and why have China-German relations changed so much? Recently, a friend related the shocking experience of a wealthy German businessman setting up a business in China. It may be helpful for other business people considering doing business in that communist stronghold. This is an eye-opening experience but not unusual ...
A mainland Chinese woman in Hong Kong wanted to send her son to a local primary school. However, after her son failed the initial interview for admission to the school, the mother attempted a bribe the headmaster with HK$20,000. The headmaster reported the case to the authorities, and Li Kwan-ping, 45, was charged with attempting ...
Recently, a highly unbelievable fraud case has been widely discussed on the Internet in mainland China, but all related reports have since been deleted. The main instigator behind the fraud was the municipal government of Yangzhou City, Jiangsu Province, which involved the wages of thousands of migrant workers and hundreds of millions of project funds. ...
Qin Hui (1090-1155) and his wife, Lady Wang, were the most hated couple in China for almost a thousand years. So what’s the story of Qin Hui, and what did they do to retain this title for a millennium? Theirs is a story of greed, envy, betrayal, and murder. Qin Hui was a cunning politician ...
The death of Former Chinese Communist Party (CCP) Chairman Jiang Zemin was officially announced on November 30. Reportedly, he was 96 at the time of death. As expected, the CCP authorities dutifully praised him, but how do the Chinese people view him? Chinese-Canadian journalist and writer Sheng Xue tweeted: “Jiang Zemin is the tyrant of ...
Please go here for Part 1 On October 13, The Epoch Times published an article about how CCP officials rank first in the world for corruption over a billion dollars and listed five specific examples to illustrate the general phenomena of corrupt officialdom. Two cases were discussed in Part 1, and here in Part 2, we ...
By now, most people know that the Chinese Communist Party (CCP) has become the most corrupt political entity in the world. How vast and how deep does the corruption of the CCP run? In these two articles, we discuss five specific cases to illustrate the greedy behavioral patterns and gluttonous habits of these entitled and ...