China faces a $1.4 trillion debt crisis
Government employees facing wage delays the iron rice bowl begins to crack a time bomb of punishment is set to detonate
Hong Kong turned into a prison under lockdown with 60 000 surveillance cameras monitoring every corner
Run for your lives before it's too late
China's Communist Party urgently halts travel to the United States
Panic over the system-wide outage spread rapidly among users
Peru's president faces impeachment amid the Chifaguete scandal a corruption probe that has fueled a political crisis and accelerated his downfall
The seer foretells a dark fate for Xi Jinping
Fires and sandstorms ravage China bringing apocalyptic scenes to life
She had accurately predicted before
I warmly greet our esteemed viewers of NewSkyTV
Wishing you a peaceful evening
Now we kindly invite you to enjoy the detailed content of tonight's program
China faces a $1.4 trillion debt crisis
Government employees facing unpaid salaries iron rice bowls begin to crack timed bombs of gifts explode in punishment
What is the current employment situation in China today
In many regions from township level to district level and public institutions
All performance-based bonuses have been completely eliminated for
months on end civil servants have received only their basic salary
A level of income barely sufficient to maintain a minimum standard of living
Recently even basic salaries have begun to be delayed
This is no longer isolated rumors but an increasingly common
experience across various levels of local government administration
This pressure extends beyond government agencies to include
certain employees at centrally administered state-owned enterprises
Reports indicate they have been owed wages for two months in Zhongqing
according to internal sources not only have salaries been delayed
But contributions to social insurance and the housing savings fund were also
delayed resulting in what is known as the iron rice bowl becoming unstable
For years the Capital City has stood as a symbol of lifelong stability
A recently leaked internal report has heightened concerns
According to this document the total liabilities of local government financial platforms
LGFV across the country has reached nearly 100 trillion yuan
Equivalent to approximately 14 trillion dollars
With the risk of a widespread crisis emerging around the year 2026
In just one region the debt approaching default is estimated to reach around 40 trillion yuan
However this figure far exceeds what can be managed through short-term fiscal adjustments
Fiscal pressure has become so severe that some local finance directors
We must seriously ask where the funds for next month's salaries will come from
In a city in Hunan Province that is administratively equivalent to a county civil servants' salaries have reportedly been suspended for over five months
Why not just print more money
The answer lies in the Mechanism of the System
Fiscal policy and monetary policy operate independently of each
other the authority to issue currency rests with the Central Bank
While local budgets are managed through fiscal systems the
large-scale expansion of money to fill local debt shortfalls
It will trigger inflation risks currency devaluation and widespread systemic instability
In an environment where market confidence was already
fragile such a move could trigger cascading consequences
Later the problem of debt is a deeper structural issue than
the persistent existence of zombie enterprises
Many of these are state-owned enterprises or
entities closely linked to local governments
They survive by shifting debt rather than generating sufficient
operating profits largely because they rely on a large workforce
and carry heavy social and political responsibilities
so they are considered too big to fail
Allowing them to collapse would cause a sharp spike in
unemployment and could potentially destabilize the local society
Consider a local business employing over 70 000
workers in a city with fewer than 2 million residents
If this company goes bankrupt more than 200 000 people
including family members could be directly affected
comprising about 15% of the city's population
At this scale the issue is no longer purely economic
but has become a political one
Thus the common approach remains financial blood transfusion—
borrowing anew restructuring debt and extending repayment terms
The origin of this structure stems from the 1994 tax
division reform which shifted a significant share of revenue
greater central government control
while leaving spending responsibilities
at the local level constrained in their ability to directly issue bonds
Local governments relied on development corporations
to raise funds after the 2008 global financial crisis
and the 4 trillion yuan stimulus package that followed
Borrowing surged dramatically with the number of companies
Investment in the market has expanded rapidly and
corresponding liabilities have grown accordingly
By 2014 hidden debt had risen to
approximately 25 to 30 trillion yuan
The debt authorities responded with the 2015 amended budget law and debt
exchange program specifically designed
to convert high-interest debt obligations
local government bond swaps with
lower interest rates and longer
maturities have restructured tens of billions of yuan in deb
It eases the immediate burden
of debt servicing yet this
intervention reinforces expectations of eventual rescue
Local governments continued to borrow to cover deficits by
2021 estimated hidden debt had reached a significant level
50 to 55 trillion yuan
with further expansion
afterward as the real estate sector weakens
Revenue from land transfers
a fragile pillar of
local government finances has declined sharply
On one side are debt obligations on the other
income streams flowing in
Just in the year 2022 alone
More than 60 defaults linked
to local financial platforms
have been recorded with
current responses focusing o
extending maturity periods restructuring
debt preventing asset commodification
and seeking increased fiscal
transfers from the central governme
Yet all these measures depend
on sustainable growth and market
confidence both of which are becoming increasingly uncertain
Meanwhile traditional growth drivers
—particularly real estate steel and
construction materials—have lost momentum
as these sectors face renewed challenges
The ability to generate sufficient cash flow to cover
debt becomes even more critical when considering
that borrowing can only be sustainable if profits
exceed both principal and interest obligations
Once debt exceeds productive capacity
systems must rely solely on debt
rollover just to survive but rolling
over debt does not eliminate the debt
It merely delays recognition under
such conditions causing the economy
to fall into a structurally stagnant
state further prolonging the impasse
pushing the burden of debt
forward without a fundamental
recovery plan has led to Hong
Kong being effectively locked down
Turned into a prison 60
000 cameras surveilling
everywhere Escape now before it's too late
Ladies and gentlemen media
outlet Lancola Danva headquartered
in Singapore reports Hong
Kong Police Chief Chou
as revealed that this unit is
currently considering adding facial
recognition technology to the
city's CCTV surveillance system W
e rollout plan will be implemented this year he expressed
hope that Hong Kong will follow
the model of mainland China
where dense networks of surveillance
cameras have been established as a
core component of the social control
infrastructure Under the current plan
Phase one of the Mutton
Shop Ice project has installed
65 000 cameras and integrated
an additional 6 000 devices from various
Government agencies and other organizations will
move to phase two expected
to be completed by 2028
The total number of cameras
will rise to approximately
60 000 backed by a budget of around 4 billion dollars
Hong Kong 520 million dollars
The submitted documents to the Legislative Council
indicate that the expansion of
exceeding 60 000 cameras still
hasn't been ruled out indicating
that this initiative is not merely a temporary measure
ot short-term crime prevention but
rather the establishment of a long-term
surveillance infrastructure capable of
covering nearly the entire public graph space
The turning point lies in the
integration of facial recognition
technology moving beyond systems that merely record images
Authorities must spend time
and manpower to identify each
individual Once artificial intelligence
is connected to the database
residential data immigration and
emigration records administrative files and
possibly commercial data as well as
all internal movements within the city
each can be linked to a
specific personal record enabling
authorities to reconstruct
movement histories and map networks
social relationships frequency
calculations exposure tracking
and flagging unusual patterns of interaction By definitio
essence this represents a
shift by security agencies
from passive monitoring to predictive surveillance
and the reverse parking area Police have also discussed
integrating cameras from
shopping centers into the system
and effectively managing public spaces Daily
activities shopping meeting
friends attending events
Everything can become input data
for a centralized analytics economy
Once the technological foundation
is in place the scope will expand
Its utilization largely depends
on political will not on
technical limitations in processing
big data This expansion is
aking place under the framework of the National
Security Law which has been
in effect since June 30 2020
In the past five years the conviction rate
in cases related to
this law has exceeded 90%
According to Amnesty
International by mid-last year
255 individuals had been targeted under this law
with over 80% of them
assessed by the organization as
not worthy of prosecution and 89% of the individuals
denied bail with an average
pre-trial detention period
of 11 months By the end
of 2025 the total number of
The arrest operation led to
385 detentions with over half
subsequently charged Le Tri Anh
Jimmy Lai founder of Apple Daily
He was sentenced to 20 years in prison on
charges related to
conspiring with foreign forces
and publishing materials deemed incendiary
Authorities in Beijing and Hong Kong
describe the national security law as a tool
o restore order
However statistics on
prosecutions and convictions reveal a
When national security laws are combined
with large-scale facial recognition
infrastructure the cost of suppressing dissent becomes significantly lower
declined while the capacity to detect and isolate
dissenting voices significantly
increased analysts argue
at this governance model relies on
controlling the flow of information
managing data and increasing
legal risks for certain behaviors
considered to have crossed beyond the green and red lines yet
not clearly defined numerous
comparisons are frequently drawn w
Xinjiang where Human Rights Watch
the human rights organization
reported the existence of a large
-scale integrated data platform
used for screening and monitoring
Although the contexts of
ethnicity and security differ the
structural similarities remain
integrating multi-source data algorithm-based risk
assessment and early
intervention Hong Kong was once
promoting itself as a global financial hub with its own
Vietnamese legal system appears
increasingly within reac
o this ingrained mindset International
reactions from the United Kingdom
the United States the European Union and Japan have all focused o
amid growing concerns about the erosion of civil
liberties Meanwhile waves
of migration are intensifying
signaling deeper social consequences
A report from the Migration Policy Institute
indicates that since 2020
By 2022 Hong Kong's workforce had
declined by approximately
140 000 people
The UK's PNO visa program for Europe
has received over
180 000 applications
By the end of 2024 the
outflow of capital and
human resources reflected a shrinking trend
belief among different demographic
groups in the city's political
trajectory Some observers
question why similar technologies
Deployed in London or other European
cities it does not provoke the same
level of concern The essential
difference lies in the control mechanisms
stitutional power
In England courts have restricted
the direct use of facial recognition
based on principles of proportionality
and data protection The European Union's Artificial
Intelligence Act classifies
remote biometric recognition
carries high risk and requires strict adherence to
rigorous conditions and
independent oversight Conversely
In Hong Kong authorities have
yet to clearly公布 the limits on
data retention access criteria
or external oversight mechanisms
Thus expanding to 60 000 cameras equipped with facial recognition is not merely a
matter of public security but also a
significant issue of privacy and civil liberties
represents a structural shift
in the exercise of power
—from reactive responses
to ongoing surveillance and
ervene with a copper shield While some
online opinions suggest that having
more cameras may create a sense of
order in the short term in the long run
the long term they redefine the
relationship between the state
and the individual according to increasingly asymmetric terms
as personal space dwindles and avenues for protest
are suppressed by the
national security law Hong Kong
moving closer to the
governance model of Mainland
China where control is regarded as a prerequisite
o maintain political power
The Chinese Communist Party urgently halted travel to the United States amid growing panic
spreading across the nation
ernal system circle Ladies and gentlemen
following the release by the U
S Central Intelligence Agency
of the third recruitment video
argeting Chinese Communist Party officials Beijing's
response appeared to go far
beyond a typical defensive posture
Switching to full courtroom
lockdown mode nearly reflexively
Over the past two days an emergency alert was issued
Inside China's university system
the information spread rapidly
across the internal network revealing the opening of a door
Each time it opens to the outside
world it is now slamming shut
from within at an unprecedented
pace A screenshot from the chat group
from the International Cooperation Office of
a university under the
985 Project in Zhejiang
gniting a wave of upheaval the
announcement clearly stated due
to the severe situation concerning travel to the United States
All student exchange programs with the United States must be immediately suspended
The severity of this actio
It left observers stunned
The school even pledged to
fully reimburse all flight
and non-refundable hotel expenses
Although the school's name was not
explicitly mentioned the netizen
quickly concluded that it was almost certainly Zhejiang University
In the province's sole university
the 98-year-old institution
comments erupted in panic
when this move was not seen as
A routine journey adjustment
but rather a systemic blockade
A chain reaction followed immediately
Users from Hebei province asked
whether overseas conferences
state-funded study programs
and scholar exchange initiatives
Has the visiting professorship been completely suspended or not
A user from Hengnan confirms that
despite having received a full scholarship
They are still banned from leaving the country
In internal discussions
many described this move as a response
Exaggerated reactions to U S intelligence activities
A hidden effect of fear of the curved wing
is spreading widely through the education system
raising public concern
It's not merely the suspension of a single program but a signal of
a broader and more comprehensive
closure The timing of this decisio
closely matches the content
of the CIA's recruitment video
The statement "those who have never experienced war "
eagerly pushing us
back into battle widely
seen as a direct psychological strike
argeting individuals within the system's inner circle
This phrasing is simplistic
reflecting a strategic judgment that
Washington believes Beijing may be weighing
a military option to redirec
In this context cutting off
the pathway to the United
States for students is not merely a security measure
but also a strategic move to
retain the country's elite and their
assets within the nation in
anticipation of any potential instability
At the same time unprecedented strictness has emerged in
controlling the outbound travel
of individuals within the system
According to former Shanghai entrepreneur Hu Liren the current customs
system is directly linked to the database
of the Ministry of Public Security
and the Central Organization Committee
Using fingerprint identification to screen
anyone who has previously applied for screening
All can be instantly identified by fingerprint scanning
whether the formula or state
-owned enterprise leadership
because healthcare and education workers
are being detained at the border He
explained that the logic behind enforcement
is better to mistakenly apprehend someone
Better to detain a thousand than let one slip through
Once detained the individual's work
unit will be notified immediately
riggering a prolonged political review
process Opportunities for officials
to travel abroad already limited
have now been effectively eliminated
completely eliminate them These measures coincide with
anti-corruption campaign of
unprecedented scale Huo Li Re
reports that just one recent central state-
owned enterprise has
seen 53 officials arrested
at the same time He estimated that about 1 million officials have
been investigated over the past
year linked to a vast asset holding
The controversy lies in the
fact that this large sum of money
never appeared in the publicly disclosed financial accounts
Raised questions about the final
turning point within the system This has
fostered the understanding that each
investigation is not merely a single pursuit
ot just a political upheaval but also a large-scale
redistribution of wealth In
this context a prevailing mindse
The end of the world is spreading Many officials are reportedly
deeply aware and have admitted they don't
know whether they'll still be around
for how long will freedom last Travel data shows the number of people
booking trips to Southeast Asia
particularly Thailand continues to rise
and Cambodia surged
from 30 to 50%
This is no longer ordinary tourism
but rather a strategic effort to
establish footholds through investment
technical expertise and the transfer
of assets The emergence of various
The newly concentrated Chinese community in Cambodia is
seen as a tangible sign of this
wave Those who have come now—
understand that once the border
is tightly sealed their assets and
status within the country could be
erased overnight in a single campaig
politics When these pieces are brought together the suspension of
university exchange programs with
the United States becomes evident
exit control via biometric verification
for individuals within the system
triggered by a CIA video-induced
cascade response and the ensuing eve
fled toward Southeast Asia The painting that emerged
was no longer a series of
isolated events It was a draft
of a nation transitioning into a wartime-style closed
system where the movement of
people and the flow of goods
The situation remains tightly
controlled The new year has begun but for the elite
and those attuned to the shift
The reality was utterly addictive
The door had once
opened to a world now closing shut heavy with the sound of slaughter If
A complete return to isolation is truly
unfolding—have you
secured your ticket to
Has the ship found freedom yet
Peru impeaches its president
amid the Chifaguete scandal
shaking the capital and the highway
Collapse the heartbroken soldier weeps
Ladies and gentlemen following the
political upheavals in Venezuela at
On February 17 2026 Peru's Congress
voted to approve the
interim president
José Geri just four months after taking office became aware of the
situation The decision was made
following the leak of several recordings
Security footage shows
held private meetings
not disclosed with a Chinese businessman
Dương Trí Hoa
in late December
2025 and early January 2026
These meetings took place at a Chinese restaurant
in Lima and at a convenience
store owned by Mr Duong
No meeting appeared on the president's
official schedule The Communist Party
of China's influence in South America
was once again called into question
ensifying scrutiny amid escalating strategic
competition in the region
Local media quickly dubbed
The incident is known as Chifaguete
A video allegedly shows
staff members of Mr Duong handing over a bag
to a member of the accompanying delegation
e president's implying that the
commander was awaiting orders At the
same time Mr Cherry faced allegations
of appointing certain individuals
Young women with limited education
entering government positions
after late-night meetings at the presidential residence
Although no final judicial ruling
has been issued concerns remain
regarding conflicts of interest and various vested interests
Hidden misconduct was sufficient
for parliament to trigger
the impeachment process Yang is believed to have ties
with large energy and maritime
infrastructure projects in Peru including
the deepwater port of Chamkay where
the Costco maritime group is based
olding controlling shares in
Chamkay Port sometimes transcribed
as Sung Khit in certain reports
widely regarded as a gateway
South America's strategy to connect with Asia promising
significant trade advantages
also makes it easier to develop
concerns about potential misuse
implications both military
and civilian within the context of naval competitio
the Pacific is escalating On this foundation the United
States has increased its
involvement The U S Ambassador to
Peru Pecnardo Navarro has
publicly declared We have clearly
stated that Peru should be a ally
of the United States The assessme
This was raised during discussions about the potential
establishment of a naval logistics
base as part of the cooperation
peace and security cooperation expanded Some
poses a direct challenge to their
strategic position in the region
Notably the dissemination of these
shocking videos occurred at a time whe
a particularly sensitive moment in geopolitics
Some observers suggest that
the Chinese Communist Party may have
behind or at the very least indirectly benefiting from this
incident particularly if Beijing
is dissatisfied with the outcome
ransferred reportedly leaning toward Washington of Mr Jerry
particularly regarding defense
cooperation and joint exercises
discussing the naval base although there is no publicly available
evidence confirming this theory however
the timing of the incident suggests
What fueled the speculation
among analysts The event unfolded
against the backdrop of prolonged political instability
Peru Former President Tino Polati
who took office
on December 7 2022
By October 10 2025 attended the inauguration
of Chan Cay Port together
with Chinese leaders
Xi Jinping Prior to Ms
Castillo being impeached
and subsequently imprisoned Rate of change
The unusually high president reflected deep rifts between
the executive and legislative
branches creating an environme
ghly volatile and vulnerable to
external influences Joseph Jerry's
actions ahead have been viewed by
some as a response from the system
Peru's democracy faces allegations of illegal infiltration by
the Chinese Communist Party
However with the upcoming election
April is approaching and containing the influence of the
Chinese Communist Party will
remain a significant challenge for
The people of Peru and the broader international community
are deeply concerned The prophet
foretells a dark fate for Xi Jinping
Beneath the fiery skyline and storm-laden watchtowers of China
resembling a scene from the apocalypse
she had once foretold the end
Exactly as previously stated Ladies and
gentlemen the years 2026 through 2027
are designated as the Year of the Red
Horse and the Year of the Yellow Dragon
Red horse and red goat—known in Chinese culture as the Year of the Red
Horse Red Goat—seem to be
Its destructive power is spreading rapidly
Starting from Lunar New Year
shocking fires have erupted one after another
across many coastal regions of China
Open China's social media platforms
and you'll see only one word endlessly repeated
Fire Some people suddenly
looked at their phones and saw
nothing but fire everywhere
This wasn't an isolated location
There's a nearby province experiencing isolated incidents Numerous areas have
reported simultaneous wildfires With the
security perimeter surrounding Beijing
appearing particularly serious on February 21 the
fifth day of Lunar New Year
netizens in Shijiazhuang
Continuously posting videos about wild fruits
They describe massive flames
extreme winds and thick dust swirling in
The wind was so strong it was
nearly impossible to stand upright
From the highway the thick black smoke plume was clearly visible
rising in the distance In areas where mountains stretch
endlessly one after another
and dry grass covers the slopes
When strong winds arise
the fire becomes nearly
uncontrollable Near the Guangshan Service Area
Along the Beijing-Tibet Expressway flames were reported
to have stretched for dozens
of kilometers A witness stated
The fire stretched over 20 kilometers from Kê Minh
Dịch through Tây Hợp Doanh
all the way to Quang Sảnh
This service area is the first large rest station in the northwest
region of Beijing located just about
88 kilometers from Ma Dian Bridge
Online some people
In recent years strict bans on firecrackers during Lunar
New Year
have made many people feel
The festive atmosphere has faded Now seeing flames ignite
across many regions only serves
to deepen the sense of unease
deepened public anxiety Meanwhile
starting from February 21
A massive sandstorm
swept across the Beijing
Tianjin and Hebei region blanketing the sky
In the thick dust storm Beijing
experienced peak wind speeds
of level 14 This is the most severe sandstorm ever recorded
and the worst since the beginning of 2026
with over 130 cities experiencing
severe pollution levels
Some netizens bluntly described this scene as the
end of the world Netizens
on the X platform commented
One after another During the Lunar
New Year the North experienced
strong winds sandstorms and unusually high winter temperatures
An unusual weather phenomenon at the beginning of the year
Natural disasters like warnings
from above the party regime
China's manufacturing sector has reached its twilight hours Amid
this backdrop some fortune-tellers
have begun linking these events
In the year of Binh Ngoac
2026 According to Leo My Nhien
this year represents a rare peak
of fiery energy within
e 180th year of the cycle The
heavenly stem Ping corresponds to fire and the
earthly branch Yu also corresponds to fire
and when combined with the trigram configuration it
transforms into fire aligning with the earthly phase
of the Li trigram associated with fire In the current
arrangement of the three cycles in the physical system
Multiple fire-related factors叠加 simultaneously
As a result according to this explanation
a configuration of fire above fire below emerges
requires high vigilance against disasters related
to fire and wind In addition
to natural disasters the
Public attention has increasingly focused on
political developments
This year Jiānghuá turns 73
In traditional Chinese culture the age
of 73 is considered
a difficult threshold
84 years old Meanwhile a annular solar
eclipse occurred at the beginning
of the lunar new year followed by
a total lunar eclipse on the day of
e fifteenth day of the month In the book Zuo Zhuan
the solar eclipse is described
as "Yin Shen Lin Yang Bei Wo"
Sâm Lấn Quân Vương
symbolizing dominance over the
ruler and regarded as an omen of the Great Hero
Some fortune-tellers further
argue that this year corresponds
to hexagram number 13 in the I Ching Heaven and Fire
Dong Nhan which they explain symbolizes
e growing awareness and awakening
of the people A year in which long-
hidden issues may be brought to light
and according to those who believe
The prophecies of the red horse and the red sun
featuring a rapid succession of omens
are regarded as a particularly significant message
for the year 2026
The insights shared just now also mark the end of tonight's program Once again
Mai Ly sincerely thanks you our
valued viewers for your love and
support Don't forget to like subscribe and stay tuned for more
Watch more exciting programs
on Newsky TV For now we bid you
farewell and look forward to seeing
you again in our upcoming shows