Sophia Fang

Market analysts believe China’s economy has entered a debt crisis similar to the subprime mortgage risk that preceded the U.S. financial crisis.

After spending eight years trying to silence Shen Yun Performing Arts and 60 years trying to destroy China’s traditional culture, the Chinese Communist Party suddenly wants to convince the people of China it can offer a performance like Shen Yun’s evocation of China’s divinely inspired, traditional culture. No clearer sign of the Party’s desperation exists than this attempt to imitate what the CCP has always sought to destroy.

The debt owed by China’s corporations, in bonds and short-term loans, exceeds the GDP by over 50 percent, and is a credit bomb waiting to explode, experts say.

China’s new anti-flu drug peramivir may not be as effective against the new bird flu as claimed, experts warn.

China’s state owned banks’ risky credit practices endanger economic health, while their unprincipled business practices bring big profits, but harm customers and borrowers.

The former chairman of PetroChina recently received a large amount of bad press, which may be a sign of disciplinary action by the new Communist Party leadership as warring factions continue to clash.

Heavy metal contamination of farmlands is preventing rice sales in Hunan, China’s No. 1 rice-growing province, and is a nationwide problem.

A Chinese villager sacrificed his life, by working in a coal mine, so his daughter could get an education.

Lingering droughts in China are causing serious problems, including major desertification.

Investing over US$6 trillion over the next ten years to increase urbanization in China is being touted as a cure for the Chinese economy’s ills. Experts say the cure may be worse than the disease.

Heavy debt pressure due to poor investment decisions by the Chinese Ministry of Railways is leading another rise in railroad shipping costs.