Tiananmen Incident Tightens Xinjiang Security
This week’s deadly car incident in
Beijing continues to generate concern.
Media are focusing on the occupants of the car
being a Uighur family, with a man, his wife and mother.
Many analyze that the incident is likely to have
a different motive than that of a terrorist attack.
Security has now tightened in Xinjiang Province.
The BBC reported that residents in the regional capital
Urumqi, and Shanshan County spoke out on October 31.
The Chinese regime in Xinjiang has
strengthened security checks on Uighurs.
Local officials indicate the scale of daily security checks
now resembles those during the major bank holidays.
On October 30, a Japanese journalist from Asahi
Shimbun went to the suspect’s hometown Lukqun.
He noticed local security was extremely tight.
30 minutes drive from Lukqun, the journalist
was stopped and questioned by the police.
Chinese people are speculating that the regimes suppression
of Uighurs will increase in severity in the time to come.
China’s Big Four Banks See 1.29 Trillion Yuan Deposits Outflow
On October 30, China’s Central Bank
issued a financial market operation report.
The report says general operations are stable.
However, the reality is just the opposite.
On October 31,
reported information from a reliable source.
Industrial and Commercial Bank, Construction Bank,
Bank of China and Agricultural Bank deposits had
continuing outflow, and the trend hasn’t improved.
As of October 27, these four big banks saw 1.29 trillion
yuan in outflow of deposits, during October alone.
China-based financial commentator
Niu Dao posted on his blog about this issue.
China’s capital leaving is a fatal
blow for the housing bubble.
China is now facing a choice, of whether to secure
the regime, to secure exchange rates, to secure
housing prices, or to protect housing speculation.
New Express Reshuffle, Chen Yongzhou Media Accreditation Revoked
Recently, Guangzhou’s New Express newspaper
printed a front page protest against Hunan police.
This was addressing the arrest of their
reporter, which has now been overhauled.
On October 31, media reported on an announcement
the Guangdong press regulator made the previous day.
It revoked reporter Chen Yongzhou’s journalist accreditation.
Yangcheng Evening News will launch an
investigation, and restructure New Express.
Chen was arrested because he repeatedly criticized
Zoomlion, a state-owned company based in Hunan.
Overseas media report that the New
Express is involved in a high-level struggle.
Chen is just a pawn, and it is hard to predict the outcome.