China in Focus (Nov. 5): China Reminds Ant Group Who’s Boss

NTD Newsroom
By NTD Newsroom
November 5, 2020China in Focus

By slamming the brakes on fintech giant Ant Group’s record-setting IPO, Beijing’s Communist regime has signaled to the Chinese people: do not refute the Communist Party. That’s no matter how rich you are or how obedient you’ve been.

China’s famous Three Gorges Dam has finally been approved. It comes as a surprise, as the dam has already been in use for 8 years.

Some Chinese vendors have lost their only way of making a living. Many express concern for the future, but they’ve received little acknowledgment from local officials. That’s after authorities took away their shop units.

The United States has taken another step towards decoupling from China. The non-profit College Board will soon end its partnership with a Chinese government agency.

And a German man spent seven years in a Chinese prison. He describes how prisoners are exploited for cheap labor to make money for the communist regime.

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