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Hello everyone, welcome to the show. Today we will talk about why the CCP did not save the Hengdang, but the Wankou. The Yanzhao Hotel in Hebei was bombed, and the whole building was razed to the ground. Analysts believe that the explosion was caused by human factors, at least equivalent to 100 kg of TNT explosives. Hu Xijin meets the pretty spy Fang Fang. Fang Fang is being chased by the United States. The U.S. military has sent special forces to stay in Kinmen. China's economy continues to decline. China's real estate giant Wankou has also been bombed. The Chinese Communist Party chose to stop Wankou. There are 12 banks that have provided Wankou with a loan of 80 billion yuan to prevent him from facing a bankruptcy crisis. Why did the CCP save Wankou, but not Hengdang? Experts say that the CCP treats state-owned enterprises and private enterprises differently. At the same time, the CCP does not dare to let Wankou fall. Wankou was founded in Shenzhen in 1984. It is China's first listed real estate company. In 2017, to resist malicious acquisitions, Wankou made the Shenzhen municipal government the largest shareholder of the company, with a shareholding of 33.4%. Since then, Wankou has become a state-owned enterprise. It used to be called China's three real estate giants with Hengda and Biguiyuan. It is believed that the financial situation is quite good. With the decline of the Chinese economy, Wankou suffered a financial crisis in October last year. By the third quarter of 2023, Wankou's total assets were 1.65 trillion yuan, and his debt was nearly 130,000 billion yuan. In recent weeks, Wankou's debt to some loan agencies has doubled. Only Xinhua Assets' family has a debt of RMB 100 billion. After the news spread, Wankou's stocks and bonds plummeted. Recently, Wankou has been selling its assets in series. The outside world believes that Wankou is paying off his debts. In February, Wankou sold its most profitable business project, Shanghai Qibao Wankou Square, for 50% of its shares. According to the Shanghai Guanmei Financial Company, on March 12, five state-owned banks, including Nonghang, Zhonghang and others, as well as six shareholder banks, including Zhaohang and Zhongxin, a total of 12 banks are raising up to RMB 80 billion in bank loans for Wankou to pay off Wankou's debt, which is about to expire. When the Hengda explosion happened, the government did not help Hengda, and now the authorities' support for Wankou is empty. What is different from Hengda is that Wankou is a shareholder company with a state-owned background. The largest shareholder is a local state-owned enterprise, Shenzhen Metro Group. Professor Xie Tian, a professor at the University of South Carolina, said that Wankou has a state-owned background, and other real estate companies cannot be compared with it. He said that the CCP cannot let Wankou fall, because the CCP treats its own people and outsiders differently. If Wankou falls, it is equivalent to a national capital bankruptcy. The ability of the Communist Party to run enterprises will be questioned. It also involves the national image of the whole of China. The problem is too big. So the CCP is going to start saving Wankou. It wants to keep its reputation. Although the Chinese Communist Party's State Council requires that banks support Wankou to extend its debt deadline, the bank's performance is not positive. Wang He, a Chinese problem expert, said that if Wankou's assets are very good, the bank would like to lend him the money. Wankou is such a pit. From an economic point of view, no one wants to fill it. Unless the CCP uses political pressure, no one will jump in. Wu Jialong, a general economist in Taiwan, said that bank executives also have to consider the future. If you give Wankou a loan now, who will pay it back in the future? It is estimated that it will become a loan. It will become a bad asset. If you can't get it back in the future, whose responsibility is it? On March 13, a big explosion occurred in a building not far from Beijing. CCTV and other official media rarely go to the scene for interviews and live broadcasts, but they were driven away by local police. Then the CCP took the opportunity to protest. The local government was forced to make a rare statement to apologize. Analysts believe that CCTV was originally going to do maintenance propaganda, but it was misunderstood by the grassroots police. Some netizens ridiculed that it was a flood. On March 13, at about 7.55 a.m., a big explosion occurred. The location is Yingbin Road, Yanjiao Town, Sanhe City, Langfang, Hebei Province. A five-story building was blown up. The shop is below the building and the hotel is above it. The whole building was flattened, as if it were a war zone. The video on the Internet shows that the area of the explosion is very wide. Local residents said that the glass in the building, which is 50 to 60 meters away, was broken. Sanhe City reported on the 14th that the accident was caused by a leak in the fuel pipe in the transport, causing 7 people to die and 27 people to be injured. This is an insult to public intelligence. A big explosion occurred in the hotel on the fifth floor. The whole building was flattened. How could only 7 people die? And such a great power could not be achieved by an ordinary fuel explosion. Sanhe City Emergency Management Area reported that the explosion was caused by a gas leak in a fried chicken shop. But the father of the incident only has a fried chicken shop called Yongshun Fried Chicken. The shop staff said, Our shop didn't explode. And we didn't use fuel. We've been using electricity. The outside world analyzed that the real reason for the big explosion cannot be ruled out as a human factor. Many netizens said, Seeing this explosion video, I don't think it's a gas explosion. It's like a TNT bomb explosion. Tianjin Broadcasting released a report that their car hit the scene of the explosion. The power of the explosion is at least equal to that of a 100-kg TNT bomb. So who did it? Is this person innocent? We don't know yet. However, China is full of fires. Now it's time to spray. After the explosion, local authorities immediately banned live reporting. There was also an incident in which a media reporter was rushed to the police station and taken away. A video on the Internet shows a female reporter from the CCTV doing a live interview at the scene of the accident. Two people in black uniforms suddenly blocked the camera of the photographer and stopped the reporter's live interview. Another video shows three reporters from the CCTV also being stopped and pushed by people in black masks. There are more than a dozen police officers in police uniforms around. Independent commentator Cai Chengkun said, It's true that the flood washed over the Dragon King Temple. These grassroots police didn't figure it out either. Because all the reporters want to report the truth. In fact, CCTV reporters are not reporting the truth. Originally CCTV reporters ran over to say that the gas explosion was a normal accident. Don't even think about anything else. It's not a big deal. CCTV reporters report like this. But the local grassroots police can't figure it out either. As long as they are reporters, they are all driven away. As a result, CCTV reporters were offended. Hu Xijin, former editor-in-chief of the Global Times, posted on his WeChat public account Hu Xijin Observation that he is meeting the beautiful Fang Fang who is pursuing a wife in the United States. According to the report, Fang Fang was active in the political world in California and Washington, D.C. She specializes in searching for new political figures in the Robin hood and the United States. She often invites political figures, business executives, and CCP leaders to participate in a series of high-profile activities of her own organization. She is very capable and often brings donors. U.S. intelligence officials say they think Fang Fang's superiors are the CCP's National Security Department. Fang Fang has a wide range of contacts and personal charms for fundraising. She has developed an ambiguous or sexual relationship with at least two Chinese and Western ministers. This makes her quickly approach the center of power. Hu Xijin said in an article that Fang Fang graduated from the Beijing Institute of International Relations and did a seven-year vacancy. She studied in the United States in 2009 and made friends with her fellow American Democrat Eric Swalwell. Fang Fang helped Swalwell raise money in Washington and helped him elect a member of the U.S. House of Representatives. According to media reports, Swalwell later became a member of the U.S. House of Representatives and was the chief Democratic Party member of the CIA. She holds top-level secrets in the United States. The informant said, Fang Fang settled in Swalwell's office with at least one intern. It is almost certain that she is also a CCP spy. Hu Xijin said, in 2015, the CIA and the FBI found her separately and asked for cooperation. She said the FBI forced her to give her a U.S. flag and gave her $1 million. She asked Fang Fang to work for them, otherwise she would have been destroyed. After Fang Fang refused, her address was searched and her cell phone was confiscated. On the third day after the FBI completely negotiated with her, she took a plane alone to flee the United States and return to her motherland. Netizens analyzed that the CIA and the FBI found her. It is likely to find that she is a CCP spy. Otherwise, why did she run away? Hu Xijin wrote, She said to me, I just don't want to betray my motherland. I don't want to be an American spy. This is the bottom line of my life. After Fang Fang returned to China, she lived an ordinary life. Currently, she works for a website in Shenzhen. Her legendary experience in the United States came to an abrupt end. According to external analysis, after Fang Fang was found by the FBI to be a CCP agent, she was no longer valuable. The CCP threw her away like a rag. The CCP has always been like this to spies. Now Fang Fang may not have an easy life. Then she found Hu Xijin and wanted to do patriotic business. Let Hu Xijin promote her. Fang Fang dressed herself as a patriot. There will be traffic in the future. You can do patriotic business. The two sessions of the CCP have just ended. At the NPC meeting, Li Qiang's government work report said, The CCP's national defense budget will increase by 7.2% in 2024, the largest increase in 17 years. This year's donation will reach 1.6 trillion yuan, the highest record in history. Xi Jinping emphasized at the meeting of the army and the armed police delegation that he wanted to prepare for maritime military struggle and improve the ability of the Pacific Ocean. Some analysts pointed out that this is Xi Jinping's latest war signal. As the Taiwan Strait situation warmed up, the United States also strengthened its military support for Taiwan and launched major military cooperation with Taiwan. U.S. military advisers have begun long-term visits to the two command centers in Penghu. This is a milestone in bilateral military relations. U.S. State Department Spokesperson Anders Koehler said on EET that U.S. Green Beretta assault team members are now stationed on Kinmen Island, only 1 mile from mainland China, to defend democracy. These assault team members are members of the U.S. Special Operations Force. It is the first batch of U.S. troops to be permanently stationed in Taiwan since 1979. They are conducting permanent joint training in Kinmen and other two bases in Taiwan. The Taiwan military is undergoing training in the Black Wind drone. This drone has the ability to monitor hot images and can fly from Kinmen to mainland China. It costs as much as $195,000. Its sound and visual characteristics are very difficult to detect. It is small enough to fit in one hand. OK, that's all for today. Please like, subscribe, comment, and share with your friends. Things are changing. See you next time.