With property sales falling faster in October and investment in real estate plummeting, analysts fear that the permeating risks of the real estate crisis will spread to other sectors of China’s economy. Despite Beijing’s recent actions and measures, analysts believe the spillover effects will persist in the “foreseeable future.” “The prolonged property market downturn is resulting in adverse spillover effects to other nonfinancial corporate sectors through direct and indirect channels, [while] most sectors will face [the] effects for foreseeable future,” said Moody’s in a client note viewed by The Epoch Times on Nov. 14. The first round will be the direct impact, mainly through decreased economic activity, including the property-related supply chain. The indirect effect will follow as “a feedback loop of a weakened macroeconomic environment and weaker consumer, and investment sentiment that also leads to lower borrowing propensity and risk aversion,” the note said....Read more https://www.theepochtimes.com/china/chinas-property-slump-to-ripple-through-other-sectors-long-term-analysts-5530824
House of Representative members leading a special committee questioned Apple CEO Tim Cook on Wednesday concerning the tech company’s choice to cancel Jon Stewart’s Apple TV+ talk show because the host was planning a segment on China. The letter addressed whether or not the streaming giant was reticent about having China as the subject material of one of the series’ episodes, as originally reported by Variety. In essence, it emphasized the importance of an open exchange of ideas. It was signed by the leaders of the House Select Committee on the Chinese Community Party (CCP), including Chair Rep. Michael Gallagher (R-Wis.) and Rep. Raja Krishnamoorthi (D-Ill.), the panel’s ranking Democrat....
House Homeland Security Committee Chairman Mark Green (R-Tenn.) is reintroducing a bill on Thursday that would require the federal government to detail any funding flowing to companies in communist China, The Epoch Times has learned. The bill, named “Our Money in China Transparency Act,” is the latest effort to track U.S. investment in China amid rising concerns about the Chinese Communist Party’s (CCP) espionage efforts against the United States and its citizens. “The CCP is a national security threat; it’s time we act like it. And this means knowing every cent the federal government is sending to China,” Mr. Green of Tennessee said in a statement to The Epoch Times. “While Xi Jinping is busy scheming, we must be proactive instead of reactive.”...
SAN FRANCISCO—A man was taken away on Wednesday after attacking an NTD reporter covering the Asia-Pacific Economic Cooperation (APEC) summit. The incident unfolded near the intersection of 4th Street and Market Street, a few blocks from the Moscone Center, where many APEC meetings are being held. The attack was caught on a cellphone video filmed by Jason Blair, a reporter working for NTD, a sister media outlet of The Epoch Times. In an interview with The Epoch Times Wednesday night, Mr. Blair said the man, likely in his 20s, first targeted Falun Gong practitioners before attacking him. The practitioners have been putting up large banners at the location to raise awareness of the Chinese Communist Party’s (CCP) 24-year persecution against their faith as CCP leader Xi Jinping is in the city for the APEC summit....