China Evergrande Group has reportedly proposed a long-awaited plan to restructure debt in an attempt to get out of the crisis. 

Evergrande is the most indebted real estate developer in the world. Its offshore debts are worth 22.7 billion dollars, including loans and private bonds. The company is deemed to be in default after missing payment obligations late last year.

Shanghai is heading toward normal life activities from June 1. But under the city’s regulations, the vast majority of its residents are still living under restrictions. Reuters reported on May 28 that most people are confined to their residential communities. Businesses are opened but most limited to deliveries.

The Chinese government is allegedly changing tactics in monitoring Tiananmen massacre victims' families, as the sensitive day approaches.

Clive Woodley is a former president of the UK International Ballistic Society. He’s a high-tech weaponry expert now working at the prestige Imperial College in London. On May 25, British newspaper UnHerd reported that the weapon expert might travel to China this July. There he will co-chair an international defense technology conference in Beijing.

Recently, the China authorities have been releasing financial data intensively, which can't be described as good news. In April, the growth rate of social financing declined, new loans to enterprises dropped sharply year-on-year, and foreign direct investment dropped 30% from a year earlier.

Protests on the rise, students in Tianjin follow Beijing, police rushed in at night Chinese students, the young intelligentsia that once feared the Chinese government during the Tiananmen Square Protests of June Fourth, 1989, are now revolting against extreme anti-epidemic measures that threaten their basic rights. The student protest movement in Beijing seems to have inspired students from universities in Tianjin. A protest in Tianjin caused swarms of police to arrive at night, and university students also expressed publicly their frustration on several forums.

In addition, sending traditional Chinese medicine and requiring students to take it for 3 days has attracted the attention of public opinion.

Tesla CEO Elon Musk's SpaceX Starlink satellite can transmit super-fast internet data anywhere on Earth, and it also has potential military applications. Chinese military researchers have been developing a plan to destroy thousands of Starlink satellites.

The secondary tragedy caused by the city lockdown in Shanghai is still ongoing as bodies are removed from the apartments and epidemic prevention staff prevent people from filming. To people's surprise, "walking permits" are issued with many restrictions. Contrary to expectations, a residential area with more than a thousand people was only granted 100 "walking permits." The epidemic continues to spread in China. The latest updates on China's epidemic prevention and control measures are the following.

The Chinese government's extreme anti-epidemic measures have gradually escalated, with authorities requiring all citizens to take nucleic acid tests under the slogan "no one is left behind." Recently, in Shenzhen, a regulation issued by the government-controlled funeral home was revealed by netizens. The funeral home requires people going to the funeral home to report deaths to provide a certificate of the nucleic acid test of the dead person.

An 80-year-old Chinese man decided to write a thank you letter after being helped by a little girl while many other people passed by with indifference. He then raised attention to a prominent issue that affects Chinese society these days.

As mainland Chinese media Aboluowang reported, on May 18, an older man surnamed Luo in Wenshan, Yunnan province, China, fell while walking on the street. He was so weak that he couldn’t stand up on his own. After seeing that scene, many people indifferently walked over, ignoring him. Fortunately, there was still an elementary school student named Peng Meihan to help him. At that time, she was on his way home from school. She and her grandmother quickly walked over to help the man, and Luo finally could stand up.

A Beijing resident is asking for help in Chinese social media after being pushed into a low-quality centralized quarantine.

According to data from the National Bureau of Statistics (NBS), China's industrial profits dropped at the fastest pace in the past two years.

According to data from the National Bureau of Statistics (NBS), China's industrial profits dropped at the fastest pace in the past two years.

China will welcome tens of millions of college graduates this summer. But graduates might be facing the worst employment ever. That’s due to the recent closure of several major cities under the Communist Party's Zero-Covid policy. The long-term lockdown of several cities has badly affected the Chinese economy.

Beijing tries to portray itself as a neutral party in the Ukraine conflict. However, the Chinese state media's coverage of the conflict reveals that most of what they talk about the war follows Moscow's narrative.

After foreign media reported that international investors sold off $35 billion worth of bonds in the first four months of this year and that foreign companies were considering pulling out of China, Chinese state media immediately objected. Experts say that the Chinese government conducts "risk prevention" propaganda among domestic citizens to settle things down temporarily. The exit of foreign companies will have a huge impact on local companies and significantly impact Chinese employment.

In 1991, with the end of the Cold War, a period of several decades in which the whole world debated communist, and capitalist ideas came to an end. At that time, many optimists indicated that communism was part of a dark past in history and wrote it off.

However, today we can note that the ideology of the communist spectrum did not disappear at all. On the contrary, it simply took various forms and thus managed to spread worldwide.

U.S. Secretary of State Antony Blinken's speech is no longer found on Chinese state media. The move came after Blinken delivered a lengthy speech at George Washington University on Thursday, May 26. There, he talked about U.S.' policy toward China.

A Beijing-based Chinese man posted a letter on May 26 on a social platform to tell about his son’s death.