All Provinces of the CCP are Unable to Meet Their Income

On August 16th, a report showed that in the first half of 2022, all 31 provinces of the China could not make ends meet. The most serious of these are Guangdong, Henan and Sichuan. Sichuan is so poor that it wants to auction the operation rights of the Leshan Giant Buddha Scenic Area for the next 30 years. Henan, in addition to the village and town banks can not withdraw money, but also broke the news that bus drivers cannot pay wages and lead to the suspension of public transportation. The provinces who are financially better off are Shanghai, Tianjin and Hainan, which is the only region with a surplus in the first half of 2022.

The Chinese economy has been in decline since the Chinese Communist Party’s (CCP) virus epidemic was brought under control. The main reason is the decoupling between the West and the CCP, the Chinese Real Estate defaulted on US debt again and again, and the Ponzi scheme gradually revealed, forcing Western funds to accelerate their departure from the country. The China’s employment rate has fallen sharply, the unemployment rate has soared, and young people having a problem finding a job. The year before the epidemic, the CCP’s held its 70th anniversary and was ambitious. In three years, the CCP is now unable to make ends meet.

The Shanghai area is financially in good shape, ranking first among the Chinese provinces. When the COVID quarantine came to Shanghai, Miles Guo mentioned while there were extreme financial constraints, Shanghai was still paying taxes to Beijing. This shows the financial strength of the port city.