The Israeli embassy staff was attacked in Beijing, and the American ambassador responded.
A chain reaction of massive destruction,
a bank incident,
and the collapse of the wall fell into a financial crisis.
Hello, everyone.
Today is Saturday, October 14th.
Welcome to the front line of the pandemic.
I am Zach.
According to the Chinese Communist Party, the Chinese police and the Israeli Ministry of Foreign Affairs,
the Israeli embassy staff in Beijing was attacked on Friday, October 13th, and was taken to the hospital.
The attacked staff was a 50-year-old Israeli man who was stabbed in front of a supermarket.
The Israeli Ministry of Foreign Affairs stated that the situation of the attacked staff was stable.
It also stated that the attack was not around the Chinese Israeli embassy,
and that the motive for the attack was also being investigated.
The whereabouts of the attacked staff have not been made public,
and no one claims to be responsible for the attack.
The Israeli embassy is not far from the Chinese Embassy in the United States.
There are many other embassies in this area, and many police officers are strictly on guard.
The local police stated that the suspect was already arrested,
and that a 53-year-old foreign worker who runs a grocery store in Beijing is currently under investigation.
In the video, you can see a suspect, a foreign man, holding a knife,
and stabbing the victim several times.
According to AP communication, when the police car and ambulance arrived,
the people working nearby heard the victim screaming.
The police blocked the area and washed away the victim's blood.
We don't know if the suspect has anything to do with Hamas,
a terrorist organization in Palestine that attacks Israel.
However, this incident happened when Hamas was about to call on the world's Islamic State
to protest against the Gaza Strip bombing by Israel.
The Gaza Strip is a Hamas-occupied area.
After Hamas attacked Israel, Israel began a retaliatory bombing of the Gaza Strip.
U.S. Ambassador to China Nicholas Burns posted the following statement on his ex-Twitter account on the same day.
I am shocked to hear that an Israeli diplomat was attacked in Beijing today.
I spoke with Israeli Ambassador to China Yirit Ben-Abba,
and he expressed his full support for the Israeli Embassy and the Chinese Israeli community.
In this bloody struggle between Israel and Palestine,
the Chinese Communist Party is aggressive in criticizing Hamas.
On the other hand, the Korean media continues to criticize the U.S. for being responsible for the conflict,
saying that China is a mediator between the Middle East and the U.S.
Other experts say that Xi Jinping is happy that the U.S. is involved in multiple conflicts
and cannot do anything about it.
After the conflict between Israel and Hamas broke out,
the Chinese Foreign Ministry repeatedly called for a ceasefire and a restoration of peace between the two countries.
However, the U.S. government-run media Voice of America told us that they did not directly criticize Hamas for the first attack on Israel.
On October 8, the second day of the attack on Israel by Hamas,
the Chinese Communist Party media Kankujihou published an article aimed at the U.S.
It is clear that the West, including the U.S., has been on the side of Israel-Palestine issues for a long time.
Historically, the U.S. has been behind many Middle Eastern wars.
After the conflict escalated, some Western countries such as the U.S. immediately took a side
and either failed to solve the problem or poured oil into the fire.
On October 9, Kankujihou re-published an article
claiming that the U.S. sought to evade Hamas's military attacks in other countries.
He said that the U.S. and many Western countries' conduct and methods are actually either desensitizing the situation or pouring oil into the fire.
Philip J. Cunningham, a freelance American scholar who has been observing Chinese media for many years, pointed out this.
Chinese television avoided showing images of Hamas treating Israeli civilians cruelly during this conflict.
This is similar to when Chinese media exposed Russia's Ukraine invasion.
For the time being, Hamas has been treated as innocent and tolerates friendly treatment,
but it is a temporary ally that can be abandoned after a while, unlike the powerful Russia.
Experts point out that countries such as the U.S., India, Japan, and Europe
are openly expressing their support for Israel, while the Chinese Communist Party is clearly trying to maintain neutrality.
David Lampton, a professor at the Department of International Relations at Johns Hopkins University,
said that Xi Jinping saw the benefits of involving the U.S. in escalating violence,
and that the Chinese Communist Party had found an opportunity to gain competitive strategic benefits.
He also said that this conflict is an attempt to immediately break up the peaceful cooperation between Israel and Saudi Arabia, which the U.S. has invaded.
However, if the Chinese Communist Party does not avoid Hamas's terrorist attacks,
it is difficult for the U.S. to achieve concrete results at the Sino-U.S. summit in November this year, said Lampton.
Xiao Tianliu, a Chinese problem expert, pointed out that the Chinese Communist Party is once again on the terrorist's side,
or that the Chinese Communist Party is trying to avoid either side, but this kind of attitude is already very shameful.
He also said the following.
In fact, before the Russian-Ukrainian war, Ukraine had supported the Chinese Communist Party for a long time.
Israel has also supported the Chinese Communist Party for a long time between Israel and Palestine.
However, the Chinese Communist Party betrayed the country that has always supported it at critical times and stood on the side of dictators and terrorists.
After the collapse of the Kuomintang, there was a stir in the local banks of the Provincial Governorate of Kahoku and the Provincial Bank of Songshu.
At the same time, the walled garden, which is called the Uyghur Autonomous Region in Chinese real estate companies, fell into a financial crisis again.
Experts have analyzed that the real estate bubble in China has collapsed and an economic cooldown has arisen.
Recently, a detailed list of loans to the banks of the Kodai Group has spread on the Internet.
The list contains a list of 28 banks.
The first is a private bank, and the loan to Kodai is about 2.93 billion yen, or about 600 billion yen.
The second is an agricultural bank, and it is about 24.2 billion yen, or about 500 billion yen.
And the Provincial Bank of Kahoku is ranked 16th, and it is about 3.4 billion yen, or about 700 billion yen.
In many of the videos that are circulating on the Internet, there is a long line of people waiting to withdraw their cash from many banks.
Some of the branches were crowded with a large number of people.
In addition, some of the loan sharks tried to send money to other banks online, but the online payment was temporarily suspended.
The Provincial Bank of Kodai announced on its official website on the 7th that the balance of the Provincial Bank of Kodai was 3.46 billion yen, or about 7 billion yen, and that it was 3.4 billion yen, or about 700 billion yen.
However, the number of loan sharks coming to withdraw money has not decreased.
The Provincial Police Bureau said in response to the media that it had arrested many people by 3 a.m. on the 10th, including those who spread rumors.
When asked specifically who spread the rumors, the police said,
At this point, I can't reveal the details.
This is what the latest article by a political commentator said.
The fact that there was an installation incident at the bank could put even more pressure on other banks and loan sharks, and cause even more feelings of fear.
This fear will spread rapidly to other bank loan sharks as well.
The current management of real estate companies is just the tip of the iceberg.
This is not limited to just the Kodai issue.
There is a problem in the current banking industry in China, especially in all new investment companies.
The next focus will be on new investment companies.
As a chain reaction to the Kodai issue, it will cause problems for even more real estate companies or companies centering on real estate companies, especially construction companies and suppliers.
These companies are closely related to banks and new investment companies, and are likely to have a major impact on the economy, especially finance.
On the 10th, the Wall Street Journal, which is seen as a promising company among Chinese real estate companies, announced this.
The company has not been able to pay the 4.7 billion Hong Kong dollars, or about 8.9 billion yen, which was the deadline due to a specific failure.
There is a possibility that all offshore payments will not be able to be paid within the scheduled or scheduled period.
On that day, the stock price of Hekikeien fell by about 11%.
Mr. Okaku, who is an expert on the Chinese issue, analyzed this on the 13th as the deadline date.
The Chinese real estate bubble has collapsed.
The cold of the economy has already arrived, and its end is unforeseeable.
In 2021 and 2022, dozens of Chinese real estate companies faced a financial crisis, but Hekikeien was shining alone.
In 2021, the net profit reached 4.1 billion yen, or about 8,000 billion yen, and in 2022, the loss was 2.96 billion yen, or about 60.6 billion yen.
The loss was not so serious compared to the sale price of 4,000 billion yen, or about 8 trillion yen.
After the Chinese real estate policy changed, Hekikeien was seen as a model company by the authorities, and it was allowed to issue bonds and raise funds from banks.
This year, Hekikeien achieved the largest sales area in Japan, and it seemed to be going well overall.
However, in August, Hekikeien was unexpectedly defaulted due to two US dollar-based bonds.
According to the financial statements, the loss in the first half of the year increased sharply, and the net loss was more than eight times as much as in 2022.
As a result, the benefits were taken away.
Currently, Hekikeien is conducting 3,121 construction projects, which is four times as large as Kodai in Japan,
and there are about 1 million unfinished apartments in hundreds of cities.
In addition, the loss is more than 1.4 trillion yen, or about 28 trillion yen.
How to deal with this situation?
Either way, there is no way to recover sales funds or to repay old debts with new loans.
According to unverified management data,
Hekikeien's real estate sales limit for this year from January to September is 15.498 million yen,
which is about 3 trillion yen, and has decreased by about 43.9% in the same period of the previous year,
and has decreased by 65.4% in the 21st year.
It is a situation where you cannot even repay old debts just by relying on sales revenue.
Okakushi has analyzed this.
The authorities mistakenly judged the real estate market situation,
and thought that Chinese real estate could still grow, so they did not make any policy adjustments.
Until July 2022, dissatisfaction with unfinished properties exploded from housing buyers all over the country,
and they forcibly stopped paying for housing loans.
At this point, the authorities finally felt a great sense of crisis and emphasized the handover of housing.
On the other hand, they put out a policy to save the market, but it had little effect.
At the Politburo meeting on July 24 this year,
they finally responded to the new situation in which there was a significant change in demand and supply in the real estate market,
and said that real estate policy should be properly adjusted and optimized.
However, they did not express that housing was for living and not for moving, and it was already too late.
In the process of not being able to improve the policy, the walled garden that was profitable collapsed.
Hong Kong's famous writer and critic, Mr. Gan Junko,
pointed this out in a large-scale independent interview on the 12th.
Recently, there has been an installation commotion in each small bank.
This is just one of the signs of a crisis.
If the same thing happens in a large bank, it will be a black swan.
It will be unpredictable.
Mr. Wang said this.
China's profit structure is very distorted, and the wealth-gain-prosperity level is very strong,
but the political ability of the authorities and their ability to implement policies are very weak.
This is a sign of the collapse of the government.
The Chinese Communist Party has strengthened its political power and is strictly controlling it,
but its foundation is already empty, so China's financial crisis is inevitable.
This is the end of today's episode.
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I am Zach. See you next time.