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The CCP’s Solution to College Graduates’ Unemployment: Send Them to a Remote Farmland

Chinese college graduates have faced a severe job shortage for years. The National Bureau of Statistics reported in May that the nationwide unemployment rate in April was 6.1 percent. It was 18.2 percent for people whose ages were between 16 and 24. Things will be even worse when 10.76 million students graduate from college in the upcoming two months.

The Chinese Communist Party’s solution is to send the college graduates to farmlands. Recently, the Ministry of Civil Affairs, the Ministry of Education, the Ministry of Finance, and the Ministry of Human Resources and Social Security jointly issued a notice to guide college graduates to work or establish their own business in remote towns or rural communities and ask villages to “actively absorb college graduates to serve as village workers.”

The government will provide incentives to small businesses that employ college graduates in villages, home services, and elderly care. However, Chinese college graduates prefer to work for high-paying companies in large cities, and there is a wide income gap between rural and urban areas.

People compare this government initiative to the “Up to the Mountains and Down to the Countryside (上山下乡)” movement that Mao Zedong initiated for the city teenagers during the Cultural Revolution. During that campaign, Mao sent several millions of teenagers from the cities to live in remote farmland for ten years, separating them from their families and ruining their lives.

Source: Epoch Times, June 13, 2022
https://www.epochtimes.com/gb/22/6/13/n137588in57.htm

Beijing Asked Foreign Investment Banks To Cut Pay to Their Executives in China

Bloomberg recently reported that China’s regulatory authorities summoned foreign investment banks, including Credit Suisse, Goldman Sachs, and UBS.  Beijing asked them to lower the total compensation to their executives in China and defer their bonus payments for over three years. The Chinese authorities said their substantial compensation is opposed to the “common prosperity” policy that the Chinese Communist Party (CCP) promoted last year.

These foreign investment banks often hire top CCP officials’ children or grandchildren so that they can use their parents’ or grandparents’ power and influence to bring big business to the firm. In return these financial firms pay them decently and feel that pay is well worth it.

Source: Liberty Times, June 14, 2022
https://ec.ltn.com.tw/article/breakingnews/3959213

Xi Jinping Criticizes Chinese Universities for Faking Employment Data

China has a record 10.76 million fresh college graduates this year, but the economy is under huge downward pressure due to Beijing’s draconian COVID-19 epidemic control. According to the government statistics, the national urban unemployment rate reached 6.1 percent in April, indicating there is tremendous unemployment pressure. Xi Jinping recently visited a college in Sichuan Province and expressed concern over employment issues.

The official Xinhua News Agency reported that Xi said that the employment data should reflect the real situation. “Some schools, while in pursuit of a high employment rate, falsify the data by coercing the graduates to sign an employment contract regardless of their will.” Xi

stressed, “We cannot fool the higher authorities, let alone the students.”

Source: Central News Agency (Taiwan), June 14, 2022
https://www.cna.com.tw/news/acn/202206140124.aspx

First Russia-China Transnational Highway Bridge Opens to Traffic

On June 10, Russia and China announced the official opening of the Heilongjiang River Bridge, the first transnational highway bridge between the two countries. While confronting the West over the invasion of Ukraine, Russia is turning to Asia for support.

The bridge, more than one kilometer long, connects Blagoveshchensk, the capital of Russia’s far eastern Amur region, with the city of Heihe in northern China’s Heilongjiang province. Although it was started in 2016 and completed in 2019, the opening ceremony was delayed due to the COVID-19 outbreak.

According to official figures, the bridge, which cost 19 billion rubles (about US$328 million), is a two-lane road. According to Chinese media, the bridge is currently limited to cargo traffic only.

Source: Central News Agency, June 10, 2022
https://www.cna.com.tw/news/acn/202206100334.aspx

UDN: Australia Plans to Re-examine the Port of Darwin Lease to China

United Daily News (UDN), one of the primary Taiwanese news groups, recently reported that Australian Prime Minister Anthony Albanese publicly stated that the Australian government will review its 99-year lease of the Port of Darwin to Chinese companies. According to information on Albanese’s personal website, as early as 2018 when he was Labor Party’s infrastructure spokesman, he had already publicly opposed allowing the Chinese-owned Landbridge Group Australia to obtain the 99-year lease of the Port of Darwin. Subsequently, Albanese has repeatedly objected, saying that the Port of Darwin should not fall into the hands of any foreign enterprises.

Albanese said he had promised before the May election that when Labor came to power, he would push for a review of Landbridge’s lease. Albanese said Labor had backed the then Scott Morrison administration in the past when it was the opposition party to push for legislation so the federal government could block agreements between local governments and foreign entities. The Port of Darwin is the northernmost deep-water port in Australia and the closest to Asia. It is considered to be an important strategic stronghold for Australia. The Landbridge Group’s lease of the Port continues to be the focus of Australia’s national security controversy. However, in March this year, the Australian government announced that it would spend A$1.5 billion (about US$1.1 billion) to build a new port facility in Darwin. The New Port Plan is based on national security considerations, so that the Australian and US troops can avoid using the Darwin port facilities that Chinese companies operate.

Source: UDN, June 8, 2022
https://udn.com/news/story/6809/6374152?from=udn-catebreaknews_ch2

Nike Announced Ending Its Running App Services in China

Shanghai-based Chinese financial news site East Money recently reported that the Nike Running Club (“NRC”), a running app owned by Nike, issued a notice to users of service suspension. The announcement stated that, due to business plan adjustments, the NRC APP will discontinue its services in China starting July 8, 2022. NRC will provide data export services for runners in need. Garmin’s sports equipment will stop synchronizing data with the NRC APP, effective immediately. Since the APP was launched, more than eight million registered users in China have run more than 100 million kilometers together. The Paper advised that, in late May, some runners also reported that the NRC APP displayed a notice on the relevant page that the service would be suspended, informing that the operation in the area where the runners were located would be stopped on June 30. Some Chinese netizens lamented that many foreign brands have withdrawn from China recently, such as Amazon Kindle and Airbnb.

Source: East Money, June 8, 2022
http://finance.eastmoney.com/a/202206082405491532.html

Oriental Daily: Amazon Halted Kindle Business in China

Popular Hong Kong newspaper Oriental Daily recently reported that global E-commerce leader Amazon said it will stop supplying Kindle e-book readers to Chinese retailers and, next year, it will close its Kindle e-book store in China. Amazon announced this decision on its official WeChat account and said the company was adjusting the strategic focus of its business and that other business lines in China would continue to operate. Amazon will cease operating its Kindle e-book China store on June 30, 2023. Customers will not be able to buy new e-books. For e-books already purchased, customers can download until June 30, 2024, and continue reading thereafter. The Kindle app in the Chinese app store will also be removed in 2024. Amazon China’s business includes cross-border e-commerce businesses that include Amazon overseas purchases, Amazon’s global store, Amazon advertising, Amazon global logistics, Amazon cloud technology, Amazon smart hardware and services, and other Amazon products. A spokesman for China’s Ministry of Commerce said earlier that he noticed that Amazon had just announced the closure of its e-book business in China. As the second largest consumer market in the world, China is rapidly developing and emphasizing its products and services. For various market entities, including foreign companies, it is a normal phenomenon in the market economy to adjust products and services accordingly.

Source: Oriental Daily, June 2, 2022
https://orientaldaily.org/news/international/2022/06/02/490430

U.S. Asked Beijing to Stop Putting Fake Statements into U.S. Officials’ Mouths

On June 5, a WeChat account Buyidao (补壹刀) published an article saying that it obtained exclusive information that U.S. officials from the Consulate in Guangzhou, China stating that the U.S. is using the Xinjiang issue to attack China.

The article claimed the information was provided by Mr. R, a supplier of a world-class sports brand, who attended a reception at the U.S. Consulate in Guangzhou in 2021. At the reception, Mr. R heard Sheila Carey and Andrew Chira, two U.S. officials from the  Guangzhou Consulate, saying the U.S. was “using the Xinjiang issue to hype up the so-called issues of forced labor, genocide, and human-rights abuses” as part of a “tug of war” with China. The ultimate goal of the “tug of war” was to “completely sink the Chinese government into a quagmire.”

Many of China’s official media, including the Communist Youth League and local governments, reposted the message. Li Yang, Counsellor from the Department of Information, China’s Ministry of Foreign Affairs, Chen Xiaodong, Chinese Ambassador to South Africa, and Hua Chunying, spokesperson of the Ministry of Foreign Affairs, also retweeted the message.

On June 7, the U.S. Embassy countered the false claim. It posted the following on Twitter in both English and Chinese, “We call upon the People’s Republic of China (PRC) to stop attributing false statements to U.S. officials or taking other actions that might subject our diplomats to harassment.” “Such action potentially endangers the U.S. officials being named and is inconsistent with the PRC’s obligation to treat United States diplomats with due respect and take all appropriate steps to prevent any attack on their freedom or dignity.”

Sources:
1. Deutsche Welle, June 8, 2022
https://www.dw.com/zh/补壹刀称美外交官承认故意炒作新疆人权-美方反击/a-62066134
2. Twitter