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Leaked Meeting Minutes Showed Kunming City Investment Companies Are Running Out of Money

An article, said to be the minutes of an internal meeting of Kunming City Investment Companies, was widely spread on the Internet. The triggering event for the meeting was that Kunming Land Investment Company struggled to pay back a 200 million Yuan (US$28) debt which was due on May 19. Kunming is the capital city of Yunnan Province and is supposed to be the richest city in Yunnan.

A few highlights of the minutes are:

To help Kunming Land Investment Company make its payment, Kunming city gave 130 million Yuan from its fiscal budget. The investment company itself raised 35 million Yuan, and Kunming Land Reserve Investment Company provided 40 million.

Collectively, city investment companies in Kunming have 20 billion Yuan in debt due in the second half of this year. Kunming city does not have the money. The Yunnan Province government might have some money, but a Deputy Governor already stated that the province will not rescue every company.

The Deputy Major of Kunming led three chairmen of three investment companies, including Kunming Industry Investment Company, Kunming Urban Investment Company, and Dian Investment Company, to Shanghai on May 20 and 21. They were to ask Shanghai Urban Investment Company to transfer some money – Shanghai was tasked to provide Yunnan Province with financial support (several hundred billion Yuan each year), but it didn’t transfer money last year.

The Kunming city government has gathered all the money it can gather from its investment companies. If there is another debt crisis, the city has no money and no means but to issue new debt.

All loans (to Kunming city investment companies) that can be extended have already been extended. Principle and interest payments on fixed asset loans have all been deferred. Kunming Transportation Investment Company, Kunming Production Investment Company, Kunming Land Investment Company, Kunming Rail Transit, and Kunming Urban Investment Company have already accomplished this extension.

Source:
1. Pingcong website
https://pincong.rocks/question/58589
2. Net Ease, May 23, 2023
https://www.163.com/dy/article/I5EBF1QL0519B61A.html

US Lawmakers: In the Face of the CCP’s Persecution, America and Its’Allies Should Support Falun Gong

The Chinese authorities’ recent persecution of Falun Gong practitioners has once again sparked public attention. On Tuesday, the U.S. Congress held a special briefing where lawmakers and scholars called for international support for religious freedom and solidarity with the Falun Gong group which the Chinese regime suppresses.

Since Jiang Zemin declared a crackdown on Falun Gong in 1999, the Chinese authorities’ persecution of this spiritual movement has continued to the present day. The “Monthly Report on Political Prisoners and Conscience Prisoners in Mainland China” published by the Chinese Human Rights Defenders in April this year pointed out that the brutal repression of Falun Gong by the Chinese Communist Party (CCP) is ongoing. Nevertheless, Falun Gong practitioners continue to resist without fear. Among the cases of sentencing collected in the report each month, Falun Gong practitioners constitute the largest group.

It is widely believed that the statistics from the Chinese civil society platforms are just the tip of the iceberg and the actual number of Falun Gong practitioners persecuted by the Chinese authorities may be much higher.

In response, the International Religious Freedom Caucus, a subsidiary group of the U.S. House of Representatives, held a briefing on Tuesday. Representative Gus Bilirakis of Florida condemned the long-term mistreatment of Falun Gong practitioners by the Chinese authorities, stating that the CCP has a long history of oppressing and eradicating specific religions and ethnicities. He said, “The Chinese regime seeks to eradicate their culture. Falun Gong is one of their main targets. Under the Chinese Communist Party, Falun Gong practitioners are charged, threatened, investigated, imprisoned, subjected to forced labor, abused, subjected to having their organs harvested, and they are even killed, solely because of their beliefs.”

Nina Shea, Director of the Center for Religious Freedom at the Hudson Institute, also spoke at the briefing, emphasizing the severity of the CCP’s atrocities against Falun Gong: “Of all the religious persecution in the world, the CCP’s crimes against Falun Gong are not often discussed, but they are extremely serious and even reach the level of religious genocide… The Chinese authorities are persecuting 70 to 100 million Falun Gong believers within China, arresting them, subjecting them to forced labor, torture, and abuse. Many believers disappear or die during their detention.”

Shea also pointed out that personnel from the illegal overseas police stations set up by the Chinese authorities in Manhattan, New York, have unlawfully oppressed and harassed Falun Gong practitioners within the United States.

During the briefing, Falun Gong practitioners who have been persecuted by the Chinese authorities as well as their family members shared their experiences. One participant, Simon Zhang, talked about his mother’s imprisonment and torture, highlighting the mistreatment and malnutrition she suffered. He described how his father, who is not a Falun Gong practitioner, was sentenced to eight years in prison on false charges of participating in Falun Gong after he returned to China from the United States.

In light of the persecution faced by Falun Gong practitioners, Representative Bilirakis called on the U.S. government and Congress to take action, stating that the United States and its allies should send a strong message in defense of basic human rights. He emphasized that no one should be intimidated, displaced from their homeland, imprisoned, or even murdered because of their beliefs. Simon Zhang urged the U.S. government to sanction the Chinese officials responsible for the persecution, noting that many Chinese police officers and officials fear being sanctioned as it would affect their children’s education and their ability to immigrate or buy or retain property in the United States.

https://www.rfa.org/mandarin/yataibaodao/shehui/tj-05232023121202.html

RFI Chinese: Hong Kong Government Removes Books from Public Libraries

Radio France Internationale (RFI) Chinese Edition recently reported that the Hong Kong government asked all departments to strengthen the protection of national security. The Hong Kong public library system has removed many books from the library. This has included books by at least four former Legislative Council members and scholars belonging to the moderate democrats. In addition it has included the well-known late pro-democracy veteran Szeto Wah. The public library system, which is operated with public funds and managed by the Leisure and Cultural Services Department, has refused to reveal the number of books removed from shelves due to national security concerns. Some commentators worry that this may be the beginning of the “Hong Kong Cultural Revolution.” A Ming Pao investigative report found that, since the end of 2020, the newspaper’s collection of materials in public libraries has been consolidated, among which 468 audio-visual materials and books involving political themes and figures have been taken off the shelves. At least 195 items, that is, 40 percent, have been removed in the past two and a half years. 96 of them, which accounts for nearly half of the total number of removals, were removed in the past year. The subject matter of many removed books has nothing to do with national security. The authorities seem to be searching and removing books from the shelves based on the author’s name. Some local commentators are worried that the frontline bureaucrats of the Hong Kong government do not understand Chinese politics. They only know how to carry out orders involving a book list and a few names.

Source: RFI Chinese, May 15, 2023
https://bit.ly/3IvTInT

The Chinese Government Refused to Help Its Citizens Who Were Kidnapped to Work as Slaves to Conduct Telemarketing Fraud

Some Chinese and Taiwanese were enticed to go to Southeast Asian countries for work and were then kidnapped there and forced to conduct telemarketing fraud against the Chinese people. Recently Little Chen, a man trapped in Myawaddy, Myanmar, called Radio Free Asia (RFA) to help. An RFA reporter spent a month attempting to contact various authorities in China to request help for him, but not a single office extended a hand.

Little Chen was from Hunan Province. He and two other fellow Hunan residents were sold by kidnappers to the East Wind Park in Myawaddy. He said that over 1,000 Chinese were working as slaves at that park. The slave master asked for US$30,000 to give him his freedom, but his family did not have the money. The slaves were closely monitored and were not allowed to contact their family members or friends for help.

Somehow Little Chen’s friend managed to contact his family in Hunan. His family reported the situation to the Hunan police, but the police took no action and instead, asked him to come back to China and warned that he would face criminal charge if he did not come back soon.

An RFA reporter tried to contract China’s Embassy at Myanmar, but none of the calls to listed public phone numbers went through. The reporter then contacted the Hunan Provincial Police Bureau, but the officer there rejected the request for help. The reporter contacted the office of China’s Ministry of Foreign Affairs and was told to contact the diplomat security bureau. The reporter contacted the diplomat security bureau, but the bureau staff said this was not their responsibility. The reporter contacted China’s Embassy in Thailand, since Thailand was just next to Myawaddy. The embassy referred the reporter to contact the Chinese Consulate General in Chiang Mai. The consulate told the reporter they knew that many Chinese were trapped in Myanmar, but said it was outside their scope. Only if those Chinese came to Thailand could they help. However, they do not suggest that they cross the Thai border since that is illegal. The reporter asked the progress of the joint effort to clean-out the telemarketing fraud by China, Myanmar, and Thailand; but the consulate staff said there is no such thing at all.

Little Chen has been losing his hope.

Source: Radio Free Asia, May 5, 2023
https://www.rfa.org/cantonese/news/myanmar-05052023125339.html

Public Opinion: The Six Huge Costs of the Three-Year Zero-COVID Policy

Lao Man (老蛮), an individual commentator in China, known for his writing on China’s economy, posted an article to list six prices that China paid for adopting the “zero-COVID” policy for the past three years:

  1. The fiscal deficit increased by 60 percent in those three years.
  2. The collapse of municipal investment companies (these companies are set up by local governments as a vehicle to raise money to finance government spending, usually using land which the government owns as collateral).
  3. The collapse of the government’s credibility.
  4. The collapse of the birth rate.
  5. The withdrawal (departing from China) of foreign companies.
  6. The general public’s decision not to take out loans to finance their purchases after they lost hope in the future.

Source: China News Digest, May 8, 2023
http://hx.cnd.org/2023/05/08/老蛮:清零三年的六个巨大代价/

Government Fined Companies for Lowering Housing Prices

Though many Chinese real estate developers are facing severe financial problems, the government does not allow them to lower housing prices to speed up the inflow of cash. The communist regime is afraid that if it lets housing prices float, a freefall in the prices will occur and wipe out the  tremendous savings that people have poured into their houses, and thus create social turmoil and shake up the Communist party’s rule.

On May 5, the Bureau of Housing and Urban-Rural Development of Kunshan City, Jiangsu Province, sent out an official notice to fine two companies for dropping the sales prices of their newly-built apartments by 20 to 30 percent. It said the two companies “had disturbed the regular order of the real estate market and created a social instability factor.”

On the other hand, the two  companies, after lowering their prices, were able to  sell their inventories quickly since the other companies stayed at the high price following the government’s request.

Source: Sina, May 7, 2023
https://news.sina.com.cn/minsheng/2023-05-07/doc-imysxqsz9123109.shtml#/

Guangdong Strengthens Management of Government Officials’ WeChat Groups; Bans Negative Comments

Several government branches in Guangdong Province and other regions have recently required Chinese Communist Party (CCP) members and officials to report activities on the WeChat groups that they are affiliated with, including the content of images, texts, and videos.

Two images circulating on Twitter and WeChat show the cover of a “Personal WeChat Group Registration and Reporting Form” printed in April by the Guangdong Provincial CCP Commission for Discipline Inspection and the Guangdong Provincial Supervision Commission .

One of the attachments to the WeChat Group Registration and Reporting Form, entitled Attachment 4, “Self-Examination Table for the Purification of Moments,” lists seven items that need to be reported promptly, including distorting, negating, and attacking the Party’s and China’s’ National history; vilifying and slandering party leaders and heroic models; advocating Western “constitutional democracy,” “universal values,” and human rights issues; questioning the achievements of poverty alleviation; spreading pessimistic views regarding topics such as employment, housing, education, and the polarization of rich and poor; and attacks and slander against the effectiveness, safety, and fairness of Chinese COVID-19 vaccines.

On September 5, 2019, a university in Hubei Province required teachers and students to register in WeChat groups across the provinces. On March 28 last year, the Wuhan City’s Confidentiality Bureau issued a “Notice on Confidentiality Management of WeChat Work Groups in Government Agencies and Units,” which requires government branches to establish WeChat groups only after obtaining approval. “An application must be submitted as per the work needs, specifying the purpose, time of establishment, and responsible person.” The group leader is then determined as the group administrator and has to sign the “WeChat Group Administrator Confidential Responsibility Statement.”

Source: Radio Free Asia, May 9, 2023
https://www.rfa.org/mandarin/yataibaodao/renquanfazhi/gt2-05092023034525.html