published : 17 Mar 2021 at 14:38
10 Smoke billows from burning tyres set alight to create smoke cover during a crackdown at Bayint Naung Junction in Yangon on Tuesday. (Reuters photo)
HONG KONG: China has told its state firms to evacuate non-essential staff from Myanmar after dozens of Chinese-run factories were attacked on the weekend amid rising anti-China sentiment, according to sources within the companies.
In a notice seen by the
South China Morning Post, the State Council s State-owned Assets Supervision and Administration Commission (Sasac) ordered state-owned enterprises in Myanmar to evacuate staff involved in projects that had come to a halt.
Other staff to be pulled out of the country include those who have reached the end of their rotations, workers who have not yet been inoculated against the coronavirus, employees living on remote sites and those facing serious local situations, according to the notice.
China’s ‘Victory’ Against Poverty Draws Skepticism
The Chinese communist regime has made much fanfare of its apparent success in lifting tens of millions of rural residents out of poverty.
But leaked internal documents obtained by The Epoch Times show that Beijing’s strategy is reliant in part on directing state-owned and private enterprises to buy a range of goods from China’s poorest provinces an approach critics say will not bring about sustainable economic improvement for these regions.
In late February, Chinese Leader Xi Jinping gave a televised speech declaring that China had “secured a complete victory” by lifting 98.99 million rural residents out of poverty, after efforts by the Chinese Communist Party (CCP) over the last eight years. He called the achievement a “miracle on earth.”
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Sputnik International
China’s ‘Richest Village’ in Financial Crisis
Posted on
Huaxi Village in Jiangsu Province, which was once touted by the Chinese regime as “China’s richest village,” is in financial trouble. Experts believe the situation reveals the corruption among the elite.
Huaxi Group, the company which is collectively owned by the village and its residents, and has many sub-companies and listed companies, has a debt load of 40 billion yuan (about $6.17 billion) and some Chinese media claim that it is bankrupt.
On Feb. 25, a video went viral, showing a large number of residents waiting in several lines in the village square to withdraw their money from Huaxi Group. Some residents told Chinese media that since Feb. 24, the dividend of Huaxi Group’s shareholding has suddenly dropped from 30 percent to 0.5 percent. Since the 30 percent dividend has lasted for several years, many villagers have bought shares.