00:59 Mass Riot in Cambodia: Hundreds of Pakistani, Bangladeshi Workers rise up, smash offices of Chinese companies, the Belt and Road becomes a highway for crime.
6:58 Chaos in China: 50,000 Chinese youths storm music festival, skip tickets, leave trash everywhere, steal everything. Villagers loot goods from overturned trucks.
12:18 China’s Great Economic Collapse! The government is out of money, and national bonds can no longer be repaid! The trade war has dealt another heavy blow to China’s real estate sector.
17:57 Internal leaks expose rifts — Xi and Cai lose trust in state media, deploy the Secrecy Bureau.
21:43 U.S.–China Trade Tensions Escalate: Treasury Secretary Bessent Warns Beijing’s Rare Earth Export Controls “Make China the Enemy of the World,” Urges World Bank to Halt Loans.
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Mass riot in Cambodia. Hundreds of Pakistani-Bangladeshi workers rise up,
smash offices of Chinese companies. The Belt and Road becomes a highway for crime.
Chaos in China. 50,000 Chinese youth storm music festival, skip tickets,
leave trash everywhere, steal everything. Villagers loot goods from overturned trucks.
China's great economic collapse. The government is out of money and national bonds can no longer
be repaid. The trade war has dealt another heavy blow to China's real estate sector.
Internal leaks expose rifts. Xi and Cai lose trust in state media, deploy the Secrecy Bureau.
U.S.-China trade tensions escalate. Treasury Secretary Besant warns Beijing's rare earth
export controls make China the enemy of the world, urges World Bank to halt loans.
You're watching Decoding China, where we bring you timely analysis and grounded
perspectives on today's China. Mass riot in Cambodia. Hundreds of Pakistani-Bangladeshi
workers rise up, smash offices of Chinese companies. The Belt and Road becomes a highway
for crime. A large-scale riot broke out on the night of October 4 at the Chinatown Industrial
Park in Sihanoukville Province, Cambodia. More than 100 workers from Pakistan and Bangladesh
stormed office and dormitory buildings, smashing equipment and causing chaos.
According to Cambodia China Times, most of those involved were employed by Chinese-owned companies,
operating in online gambling and telecom fraud. During the rampage, computers and facilities
were destroyed, and several people were injured. Local police quickly deployed special forces,
sealed off the area, and brought the situation under control by around 4 a.m. on October 5.
Initial reports suggest the riot was triggered by longstanding wage disputes and religious
tensions during a festival period. Cambodian police have not yet issued an official statement.
Meanwhile, international observers are raising questions about China's growing influence in
Southeast Asia through its Belt and Road initiative. Sihanoukville, home to numerous
Chinese-led development projects, has long been known as a hub for cross-border gambling and
online scams. According to reports by the U.S. Institute of Peace, criminal organizations with
links to China have expanded globally, stretching from Southeast Asia to the United States.
Many of the victims of these operations are overseas Chinese, while the masterminds
maintain close ties to Chinese authorities. Voice of America previously revealed that the
Chinese Communist Party began extending its reach into the Golden Triangle region as early as the
late 1990s, before joining the World Trade Organization. A key figure in these networks
is Zhao Wei, a businessman believed to act on behalf of China's Ministry of Public Security.
He opened the Blue Shield Casino in Myanmar in 2001, a name symbolizing connections to Chinese
law enforcement. Following the 2011 Mekong River massacre, Zhao Wei moved his operations to Laos
and later to Cambodia, where he established the Golden Triangle Special Economic Zone,
covering 10,000 hectares of land. Although officially promoted as a development zone,
it has in reality become a center for gambling, hotels, restaurants, and illicit businesses.
Sources indicate Zhao Wei was backed by a vice minister in China's Public Security Ministry.
As the Belt and Road Initiative expanded, traditional gambling operations shifted online,
creating payment networks, money-laundering channels, and customer databases.
When the COVID-19 pandemic shut down borders, Southeast Asia's casinos lost customers
and turned into online fraud centers. When Beijing tightened restrictions on gambling,
many of these networks pivoted to telecom scams, forming a mobile transnational criminal
infrastructure. In Myanmar, Cambodia, Laos, and Thailand, numerous special economic zones have
become legal facades for criminal enterprises. In October 2025, a Chinese court sentenced 39
members of the Ming family crime group in northern Myanmar, 11 of them to death,
involving over 1.4 billion USD in gambling and fraud proceeds. Another crime boss,
Sheji Jiang, was arrested in Thailand after amassing over 300 million USD through online
gambling, fraud, and human trafficking. According to the International Rescue Organization,
the KK Zone in Myanmar has become the final destination for human trafficking in Southeast
Asia. Victims unable to pay ransoms face the risk of organ harvesting. Experts note that such
atrocities would not be possible without tacit support from Chinese authorities. The case of
Sheji Jiang, who was imprisoned in Thailand, further fueled suspicions. In an interview with
Al Jazeera, he claimed to be a former agent of China's Ministry of State Security who was punished
for knowing too much, including information linked to top CCP leadership, even President
Xi Jinping himself. He warned that the Belt and Road Initiative is not merely an economic project,
but a tool for the CCP to expand its global reach through financial and criminal networks.
International reports have also revealed the intersection of investment and crime.
Cambodia's Prince Group Holdings has been accused of laundering money and funding telecom fraud
operations in Pacific island nations. Meanwhile, romance scam syndicates have proliferated across
Thailand, Myanmar, and Singapore, with most ringleaders hailing from Fujian, China.
The Wang Xing case, a Chinese celebrity kidnapped in Myanmar, exposed the true scale of this
underground network. Over 70,000 people are reportedly abducted each year in northern
Myanmar's scam parks. Thousands of victim records briefly surfaced on Chinese social media before
being swiftly censored. Leaked information suggested that Thai military officers, Hong Kong
entertainers, and Guangdong businessmen were among the hidden shareholders behind these operations.
Analysts say such transnational criminal systems could not survive without political protection.
Many crime bosses have long maintained close relationships with Chinese police and officials,
rendering most crackdowns superficial. Banks, telecom firms, and social media platforms have
also been accused of enabling these crimes, while ordinary citizens remain under tight surveillance.
Experts warn that the Belt and Road Initiative has increasingly become a breeding ground for
black market industries. Wherever China's projects go, host countries often find themselves
forced to compromise, turning a blind eye to corruption and organized crime. The telecom
fraud hubs emerging along the Belt and Road are just the visible surface of a much deeper system,
one built on fear, violence, and control. This raises a troubling question. Is the Chinese
Communist Party preparing to export its authoritarian, fear-driven model of governance to
the rest of the world? Chaos in China. 50,000 Chinese youth storm music festival, skip tickets,
leave trash everywhere, steal everything. Villagers loot goods from overturned trucks.
On October 6, the New Youth Music Festival held in Rizhao, Shandong, saw large crowds rushing
through barriers, with many entering the venue without tickets. A large number of people without
tickets broke into the venue. The scene quickly spiraled out of control as two sections of fencing
were pushed down and on-site security struggled to contain the massive crowd surging forward amid
shouting and screaming. The New Youth Festival, promoted as the first all-night music event in
mainland China, ran from sunset to sunrise and featured a strong lineup of artists that attracted
tens of thousands of fans. Video clips from the scene captured the crowd yelling,
While many paying attendees expressed frustration and a sense of disrespect,
one audience member said that parts of the security checkpoint were damaged,
causing confusion and ruining the concert experience. Witnesses estimated that as many
as 80,000 people were packed into a space designed for only 30,000. After the festival,
the beach venue was left covered in trash. Plastic bottles, cups, snack wrappers,
and bags scattered everywhere. One attendee lamented,
But if this is what the New Youth looks like, it's disappointing. The beach looks like a
battlefield, unbelievable. Online reactions exploded. Some mocked the situation. If they
used that much energy to work the fields in Shandong, they'd finish the harvest in half a day.
Others remarked bitterly,
No one has the right to laugh at the other. In reality,
zero-cost behavior like this has become increasingly common in China. From youth
sneaking into concerts to middle-aged people stealing vegetables from others' farms or
committing petty theft on trains. A train attendant reported passengers stealing trash
bins, trays, and even small hammers from the carriages. One woman even admitted taking a
In another case, an attendant lost his breakfast buns. After asking around,
he found that an elderly woman had put them in her bag,
claiming she thought they were abandoned and planned to feed them to her rabbits.
Online commentators described this as habitual petty theft, noting three typical patterns.
The snatch-and-run, the shopping stroll, and the defensive type who reacts aggressively when
Other incidents include theft of public property, such as a 62-year-old woman caught prying stainless
steel strips from tactile paving paths, and two middle-aged women in Jiangxi who attempted to
swap fake gold bracelets for real ones in a jewelry store. Thanks to a quick-thinking
sales assistant, the theft was stopped in time. Such acts are not isolated.
On July 24 in Kufu, Shandong, a truck carrying over 10 tons of frozen goods overturned and fell
off a bridge. Instead of helping, dozens of villagers rushed to the scene to loot the cargo,
treating the accident as a free shopping opportunity. Even when police arrived,
the looting continued. The logistics company estimated losses at over 400,000 yuan.
The incident sparked outrage online. One user wrote,
This isn't the first time. It happens often. Why is nothing done?
Taking someone else's property is theft. Why are there no consequences?
Another commented, The hometown of Confucius and Mencius, yet such shameless acts occur.
It's heartbreaking. Morality has collapsed. Others called for facial recognition technology
to identify looters. If it were public property, they'd all be caught instantly.
But private losses? No one cares. Soon after, on July 20 in Lanling County,
Linye, another incident occurred when several bags of garlic spilled at an intersection.
Passersby immediately rushed to collect them, causing traffic chaos.
A tricycle driver tried to stop them but failed, and people quickly took the garlic home.
Experts say that from breaking into music festivals to looting overturned trucks,
these acts reflect a moral and social crisis in modern China.
Professor Li Yuanhua, former associate professor at Capital Normal University,
explained that the relentless pursuit of material gain has eroded traditional ethics,
and the breakdown of moral education has led to the decline of empathy, respect,
and civic consciousness. He noted that moral values like cultural heritage are passed down
through generations. When parents lose their sense of compassion and civility,
their children adopt the same indifference and selfishness. The sight of elderly villagers
looting goods and young people breaking into concerts without paying are two sides of the
a loss of integrity and social trust. Professor Li stressed that moral renewal requires more
than words. People must understand that unethical gain always carries negative consequences,
and personal benefit should never come at others' expense. He called for a return to
traditional Chinese virtues, benevolence, righteousness, propriety, wisdom, faith,
integrity, and shame as guiding principles to restore ethical awareness and rebuild
moral order in society. China's Great Economic Collapse
The government is out of money, and national bonds can no longer be repaid.
The trade war has dealt another heavy blow to China's real estate sector.
Defend the bonds! Defend the bonds! No way, brothers, what's happening?
Everything's collapsing. There's no resistance at all. These desperate words from a Chinese
financial blogger opened a viral clip that captured the chaos gripping China's markets.
Gold down, silver down, Hong Kong stocks plunging, tech shares tanking, and even the A50 index
falling sharply. But what shocked investors most was the crash of Chinese government bonds.
Once considered the safest asset of all, China's economy is now entering an unprecedented downturn.
Investors who bought government bonds say they feel like prisoners in a financial cell,
holding debt the government can't repay. Recently, Tian Insurance Group announced
it couldn't make a scheduled payment on 5.3 billion yuan, about 736 million U.S. dollars,
of bonds. As of late 2024, China's total government debt, including national,
local, and hidden liabilities, had soared past 92.6 trillion yuan, about 12.8 trillion U.S. dollars.
Meanwhile, ordinary citizens are drowning under debt. One man in Hefei said he bought a so-called
school district apartment in 2019 for 1.9 million yuan, paying 7,600 yuan a month for 30 years.
After six years, he's paid 540,000 yuan but can no longer afford the loan. Another woman in Hefei
bought a new apartment and lost 430,000 yuan in just six weeks. In Shanghai, the property market,
once red-hot, collapsed over the National Day holiday. China's largest real estate broker,
Lianjia, which controls 80% of the city's listings, sold only a handful of homes.
Across China, housing agents say buyers have disappeared and transactions have dried up
completely. A broker from Hefei revealed his own losses. The value of his apartment dropped over
300,000 yuan in one year. With mortgage interest, he's down half a million yuan,
five years of work gone. Even in Hainan's capital, Haiku, 80% of properties can't find buyers.
Online listings of secondhand homes now exceed 20,000 units. And sellers must cut prices by
100,000 to 200,000 yuan just to attract viewers. Experts explain that falling home prices don't
encourage spending. They destroy confidence. Real estate is tied to everything—steel,
cement, home appliances, furniture, and nearby retail. When housing demand collapses,
the whole chain weakens. Developers stop buying land, factories lose orders, and workers face
layoffs. With more than 60% of household wealth locked in housing, a price crash means wealth
evaporation and a freeze in consumption. The fiscal picture is equally grim. In 2024,
Beijing collected 10.1 trillion yuan in central revenue but transferred 10.2 trillion yuan back
to local governments, ending the year 100 billion yuan in deficit even before defense, education,
diplomacy, and the Belt and Road projects, which add another 4.55 trillion yuan in annual spending.
In short, every yuan the central government spends is borrowed. Corporations have copied
the same borrowing tactics. A striking example is Shimao Group in Shanghai's Lujiazui district.
The firm suddenly offered 93 luxury apartments at a 20% discount, raising 4.5 billion yuan
about 625 million U.S. dollars, in cash but only for buyers who paid in full.
Investigations later found the apartments were already mortgaged to banks,
meaning titles couldn't legally transfer. Yet thousands of buyers rushed in, many paying
500,000 yuan deposits on the spot. When signing contracts, agents produced a risk notice,
saying they took no responsibility if loans failed or titles couldn't be registered.
Shimao later agreed to refund buyers, but only after 30 days, exactly matching its own loan
repayment deadline. It wasn't selling homes, it was borrowing cheap money from the public.
Beyond the markets, daily life tells a story of despair. In Xi'an, shopping malls are empty,
movie theaters deserted. Vendors say business is dead as consumers count every cent.
One food seller recounted how customers now change their orders mid-purchase.
Cut me 10 yuan of pork head meat. Wait, make it 8 yuan instead.
Even construction workers buy 5 yuan worth of lean meat for their children,
skipping meals themselves. Unemployment among graduates is soaring.
A blogger lamented spending 15 yuan on fried rice for his son and feeling depressed,
wondering how many bowls of food he must sell to earn it back.
Ordinary Chinese are both pitiful and tragic, he said. During the National Day holiday,
he attended his uncle's funeral in the countryside. The old man had saved his entire life,
300,000 yuan, about 41,700 U.S. dollars, never buying new clothes, never eating out. Yet the
funeral alone, held over five days, cost nearly 200,000 yuan, about 27,800 U.S. dollars.
If he'd spent that money to enjoy life, the blogger reflected,
maybe his final years would have been different. He ended with a haunting thought.
People toil their whole lives, afraid to spend a cent, then die, and in a few days,
the family wastes everything they saved. That's the sorrow of China's ordinary people.
Internal leaks expose rifts. Xi and Cai lose trust in state media, deploy the secrecy bureau.
On the eve of the fourth plenary session of the Chinese Communist Party,
an agency that has long operated in the shadows, the National Administration of State Secrets
Protection, suddenly emerged into the public eye, drawing widespread attention.
The agency recently published an article on its official WeChat account, accusing several
domestic media outlets of using classified documents as reference materials and news
reports, leading to leaks of the CCP's internal secrets. Analysts say the sudden public appearance
of such a secretive body signals intense infighting within Beijing, with information
constantly leaking to the outside world. In this context, Politburo Standing Committee member
Cai Qi appears powerless, while Xi Jinping is reportedly alarmed, prompting the decision to
bring the State Secrets Bureau to the forefront as a form of internal intimidation. The article,
released on October 10th by the WeChat account Security View, cited three specific cases of
information leaks. In one case, a propaganda officer from a classified institution provided
a confidential document to a reporter without approval. Seeking originality, the reporter
included sensitive details in the news report, which later spread widely online. In another
incident, a journalist at a state-run newspaper used data from a CD containing secret-level
materials to write a promotional article, which was later copied and shared by various independent
media outlets. In the third case, a television reporter filmed a newly developed weapon during
a visit to a major military enterprise and broadcasted the footage publicly, which was
The article warned that government websites and WeChat platforms have broad reach and fast
dissemination, but are closely monitored by foreign forces. Without strict information
vetting and security checks, it said, leaks are likely to occur. The bureau called for
mandatory security reviews before publishing any news involving state agencies or sensitive sectors.
Institutionally, the Office of the CCP Central State Secrecy Commission and the National
Administration of State Secrets Protection operate as a single entity under two names.
They report directly to the CCP Central Office and are responsible for classifying secret
information, issuing regulations, handling leak investigations, and imposing administrative
penalties. The agency is currently headed by Li Jiaozong, while Cai Qi, a member of the Politburo
Standing Committee and director of the CCP General Office, oversees the broader area of information
security. Commentators believe the bureau's sudden public emergence signals growing instability
within the CCP. Political commentator Chen Pocong cited several past examples, such as reports of
Xi Jinping suffering a stroke during the third plenary session, as well as leaks involving
senior military officials Miao Hua and He Weidong, all of which originated from within Beijing and
were later confirmed by independent sources. Chen argued that these examples show deep divisions
within the CCP, with many insiders actively passing information abroad. He suggested that the
main goal of putting the secrecy bureau in the spotlight is to intimidate insiders, aiming to
prevent a repeat of previous leaks should another major incident occur during the upcoming fourth
plenary session. Other analysts say the move reflects Beijing's loss of trust in its own
state-run media. Amid growing international pressure and fierce power struggles at the top,
the Chinese leadership is tightening its grip on speech under the guise of state secrecy,
attempting to conceal the widening cracks and escalating anxiety within the ruling elite.
U.S.-China trade tensions escalate. Treasury Secretary Besant warns Beijing's rare earth
export controls make China the enemy of the world, urges World Bank to halt loans. Amid
rising U.S.-China trade tensions, U.S. Treasury Secretary Scott Besant stated that if the Chinese
Communist Party continues to enforce export controls on rare earth elements, it will be
making itself the enemy of the world and will ultimately force global economic decoupling from
China. In a statement on October 15, he requested that the World Bank immediately cease lending to
and supporting the Chinese regime, redirecting resources instead to poor nations with greater
economic need. Last week, the CCP announced new regulations requiring foreign companies to obtain
government approval before exporting products that contain specific rare earth elements originating
from China. At a press conference, Besant said that if Beijing refuses to act as a reliable
trading partner, the United States and its allies may have no choice but to decouple.
Professor Xie Tian of the University of South Carolina's Aiken School of Business commented,
whether China qualifies to receive support from the World Bank depends on its status.
The World Bank's purpose is to help developing countries build infrastructure and improve their
economies and citizens' livelihoods. However, since the United States and other Western
countries now believe that China is no longer a developing nation, it no longer has the right
to receive such assistance. Besant noted that years of lenient industrial policies
have allowed China to dominate the rare earth market while leaving the U.S. in a vulnerable
position. For 20 years, every time someone stopped production or refining, Beijing intervened,
lowering prices and forcing competitors to close. Therefore, we will set price floors and implement
forward purchasing to ensure this never happens again, he said. Although emphasizing that decoupling
is not Washington's desired outcome, Besant acknowledged that given the CCP's current stance
on rare earth supply, such an outcome may be inevitable. Taiwanese financial analyst Huang
Shih-tsung said that China's destructive exports have harmed many countries in the European Union,
and Besant's stance reflects the view that Beijing is dragging down the global economy.
If China insists on playing this role, then international organizations should not continue
supporting it, Huang said. He added, China has long taken advantage of its developing country
label to enjoy low interest and interest-free loans, as well as unconditional aid. Now, because
of the rare earth dispute, Besant criticized China for trying to drag the world's economy down.
Therefore, he believes China no longer deserves support from the International Monetary Fund
or the World Bank. That's why he is calling for these institutions to take action. Besant further
remarked that if some within the CCP government seek to harm the global economy through coercion
or destructive policies, China's own economy will suffer the most severe consequences.
Huang noted, at present, China and many developing nations still have considerable
influence within these two institutions. So even with such statements, actual action may be limited.
However, this clearly represents Washington's position. Whether or not international organizations
act, the U.S. will maintain this stance and may apply pressure through other means if the IMF or
World Bank fails to respond. He concluded that although China's economy has reached a certain
scale, losing the support of these international financial organizations would still have a
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