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On October 17, Yang Lanlan, the mysterious princess, main figure in the luxury car
case in Sydney, Australia, will, for the first time, be forced to appear in court in person
to enter a plea, with no way out. What kind of dark curtain will this court appearance lift?
On the same day, China's former richest man, Wang Jianlin, was issued a
consumption-restriction order by a court, falling from richest to most indebted,
with his capital predicament fully erupting. Meanwhile in Kunming, Yunnan, night market
vendors and urban management officers clashed in a six-hour pots and pans battle, with shocking
scenes flooding the internet. The simultaneous ignition of judiciary, capital, and livelihood
fronts reflects the deep crisis of power and society. Don't miss the next drop, subscribe
and enable the bell. Kicking off with the most explosive, Yang Lanlan, the Chinese woman in
Sydney nicknamed the mysterious princess, is approaching a decisive moment, she must appear
in court that day. No more hiding behind a lawyer, this time she must lead in person.
That same day, two other big stories are lighting up public opinion. China's former
richest man, Wang Jianlin, suddenly received a consumption-restriction order, the drastic
fall from the richest to most indebted, shocking the web, and in Kunming, Yunnan, night
market vendors fought urban management for six hours, pots and pans everywhere, and
there the shockest public over livelihoods. Two stories, judicial tremors, capital
collapse, and popular anger, interweave at the same time. We'll break down one by one.
September 26th, Sydney's Central Local Court again focused on the mysterious Chinese
woman, Yang Lanlan. It was the second mention during her alleged pressure car crash. Yet,
the high watch departed again to not show up. Only her lead barrister appeared. Yang
became a media focus not only because she drove a car worth over a million Australian
dollars and refused to brutalize her after the crash, but also because of speculating
about her background and identity. The rumors of intricate ties to elite Chinese families
and a lavish life in Australia, they stirred a routine traffic case to a fog of politics
and low-profit public curiosity. The hearing lasted less than 20 minutes, and ultimately
postponed the case another three weeks, but then the day set for October 17th. At the
next hearing, Yang must attend a person, cannot be represented by counsel alone, and must
only plead guilty or not guilty. Despite the defendant's absence, the courtroom was
packed. Over 30 gallery seats were mostly filled with Chinese faces, showing the case's
strong attention on Chinese communities. Media focus soon fell on Flynn, the head
Western lawyer, the court's lead counsel, Yang Kang. Unlike a month ago, this time
came to be on October 9th. He said little in court. Sometimes he complained to the
magistrate that he had only met his client on Tuesday and needed more time to
report on some charges. Therefore, he sought a three-week adjournment. The court
granted it on the spot and set up number 17 for the next appearance. Yang also
sought to amend bail conditions, asking to reduce the age reporting to the police
station from preterm to police warrants. However, acting deputy registrar, South
Natch, stated in court that she was not a judge and had no authority to approve
changes, such applications must go through formal procedure. For the end,
Janesville conditions remained, surrender passport, report to police three times a
week, observe an eight-pm to six-am curfew, and not drive any vehicle. John
Cohn is well-known in Australia's legal community, with over 40 years criminal
defense experience and repeated listings among Sydney's most influential lawyers.
His name was closely tied to a major Chinese entertainment case. In 2017,
Chinese actor Gao Yunxiang faced serious charges in Sydney. Cohn led the defense
team. As a result of two years of battle, Gao was acquitted and released. This
history prompts extra attention. Can the lawyer who wants to achieve that miracle
also help Yang get off? Meanwhile, Cohn-Taifi sparked discussion. By industry
standards, top barristers like him charge a $1,000,500 per hour. A full-day
case lasts a year or more, the total cost may reach $8,000-$1,000. Still, most
believe giving Yang's resources, this is a drop in the bucket. Notably, prosecutors
adjusted the charges this period. On top of existing counts, such as dangerous
driving causing grievous bodily harm, they added an alternative count of an
alternative count is a secondary option to file alongside the primary charge.
In a dangerous driving occasion, GBA struggles evidently. The court may still
convict on negligent driving on the same facts. Under New South Wales Road
Transport Act 2013, a first offense of negligent driving occasion on GBA
carries up to a $2,200 Australian dollar fine and nine months in prison
rate. With an automatic license disqualification at least 12 months, a
$3,300 Australian dollar fine and a $5,500 Australian dollar fine for a
dollars in 12 months. Without a matter of disqualification for 20 years, by
contrast, under the Crime Act 1900, dangerous driving occasion on GBA carries
up to seven years imprisonment and a $5,500 Australian dollar fine for a
first offense. The initial driving in a manner of danger causing injury
was almost withdrawn and replaced by the added alternative negligent driving
occasion on GBA. This means that beyond dangerous driving, a refusal of
a second offense is not a critical point. In three weeks, young list
appearance need an open court. Can her routine apprised to turn around
in GBA's case? Will she admit to lesser charge to seek leniency or continue
to contest the primary grounds? All will be revealed on October 17.
From Richard Sondland's long jambling hit with restriction order, back to
Milan, China. As the young case keeps fermenting, another headline out
of this is heightened search to the top. On September 28, former richest
Chinese Wang Jianlin was issued a presumption restriction order by a
court due to death. According to China Judgement's online and
China Data, Dolly and Wang's group company, limited and illegal
representative Wang Jianlin were restricted from high-level presumption
because of enforcement cases. The news quickly drew attention. Some
medicine side, this credit collapse was long in the making. Kept up
liabilities by 300 Dolly and women back then. Now it finally gave way.
Others near, these restrictions don't matter. He doesn't take high-speed
trains.
Frozen for three years, a single case record. This makes it extremely
difficult for Wang to select it for cash. In fact, Wang's flight has
lasted years. In 2016, Wang delisted in Hong Kong. Failed VA
agreement, settled him with 600 billion renminbi in debt. To fill the
hole, he sold assets on a massive scale. From hotels and plazas to
the beloved Asian Wanda HQ, all offloaded. Just this May, he sold
50 billion renminbi. But against 156.6 billion in interest-bearing
liabilities, it's a drop in the bucket. Asset sales brought a cliff-edge
fall in wealth. From a peak of 220 billion renminbi to just 29
billion when China's request to go for NICE on the 51st. His son Wang
Sikong was also hit. Assets dumped in a loss. Luxury car sold cheap.
Commentators lament, 30 years east of the river, 30 years west,
a portrait of Wang's fate. Wang didn't want to end up here. Analysts
and public opinion gave an analysis. Third, and most fundamental,
government, and failed the VA agreement. After delisting in
2016 and trying to realize on the Asian market, Wang signed a
valuation adjustment mechanism promising huge compensation if
listing failed in time. The market climate turned, the real estate
down, and the VAM triggered. This high-stakes gamble left
Wanda overleveraged, and Rick Wang's credit was financiers. He
had to sell assets on a grand scale, and the fresh financing
never returned. Third, and most fundamental, the banks changed
in China's economy. Real estate and real estate banks tightened
credit. Liquidity contraction became the norm. Firms were
forced to deliverage. The old model of rolling growth via constant
borrowing no longer works. Wanda had relied on bank credit and
capital infusions to expand. Today, even with quality
commercial properties, markets won't bank for long. When the
wind shift, lenders collides and investors withdraw. Yesterday's
most indebted. Some insiders describe Wang's plight as a
commercial hunt. Capital isn't rushing to rescue him,
allowing for him to cut less and sell assets than buying cheap.
One industry voice said, Wang Jianlin is an asset poor. It's
that no one dares to reach out anymore. Once the wind turns,
everyone waits for him to tap. From taking over a near-bankrupt
small firm in 1989 to building Wanda plazas across China, Wang
was once the latest name in Chinese business. Now, at 71,
he's restricted by court order. No planes or high-speed rail,
no luxury hotels. The contrast bears the end of China's real
estate boom and age. The coming night market vendors erupt.
Pots and pans fly a six-hour standoff with urban management,
turning to people's leverage. That same day, a Pots and Pans
battle broke out on the streets of Peking in southwest China.
In the early hours of September 28, a large-scale flash erupted
at the Halsheiji night market in Wanda District, Chenming.
The video opens on a chaotic scene. Pot bowls, tables, and
vendors shouted law enforcement is too hot, as they used everything
it had as weapons against advancing officers. The street was
packed with people, wars, and cries of war at all across the
area. Some filmed with phones, others explained it's a fight.
As more officers and police arrived, both sides faced off in
the night market lanes. Shives and angry shouts echoed. Vendors
held their pots and stalls, refusing to retreat. As the
conflict desecrated, not only pots and bowls flew, but wooden
tools and iron cans too. The flashes continued off and on for
about six hours. Large numbers of police reinforced the scene.
Fierce confrontations broke out repeatedly. Around 3 a.m. the
next day, the crowd gathered at first, leaving broken bowls and
overturned tables with battlefields ruined. Witnesses said
multiple vendors were injured and sent to hospital. Then they
were taken away, and their food rights, their livelihoods were
towed. The spark of electrification two weeks earlier
when authorities closed the market and used the opportunity
to recruit merchants and guard stall fees. Vendors said the
building up from daily takings of just a few dozen in the
long run. But once business owned, managers forced a closure
in the name of rectification and immediately began charging.
When vendors went to register as required, they found over 400
stalls recorded, many not original vendors, and decided to
refuse payments. They added that they had already paid tens of
thousands of various fees, yet rules kept changing. After
collecting rentals, authorities still drove them away, so
paying for no security. For many vendors, stalls is the family's
home. On the 27th, a procuring ratification had ended the day
before. They returned to resume business. Around 9 p.m., large
numbers of officers arrived to clear the market, but the vendors
refused to leave, and clashes erupted. When some vendors were
shoved and beaten, tensions spiked, leading to the scenes
above. The tumultuous Potsdam-Penns battle seems on the
surface a protest against expulsion, but in fact reflects
deeper governance problems. In recent years, local Chinese
governments have faced tight finances, collapsing property
tax revenues, and heavy infrastructure debts. To plug
holes, grassroots authorities have treated ordinary people as
cash cows, levying all kinds of fees and fines, sometimes like
distant trawling expeditions, charging under the guise of
rectification of their money, ostensibly a standardized
monetary system. But in substance, it's revenue extraction.
Vendors complain, we pay in a ticket-driven way, inevitably
inflaming public's evidence. Weeper still is the lack of stable
rules and contract spirit. Net markets are encouraged at first.
When ordinary people are in constant uncertainty, on top of
that, the urban management to one, system itself is a
conflict generator, tasked with maintaining the city appearance
and pressure to collect these slashed fines. It stands in
natural opposition to vendors. With no transparent oversight
or negotiation mechanisms, what remains is life enforcement
and forced popular resistance. In a sense, the city's main
idea is no isolated event. It's a matter of time before