曾錚的世界

I failed to do what I planned to do, as you need an appointment to do anything and everything during the (damned) pandemic. But still feeling good as I can treat this as a sightseeing trip on this beautiful early spring day when you no longer need a clumsy coat.

美好的春光中，事沒辦成（疫情中，什麼都要預約！）但心情還是不錯的。就當是春遊吧。春花乍放的季節，開車駛在無人的鄉間小路，眼裡收入的，是一幅幅流動的畫啊。

4/20/2021 *

This is a true story: a Falun Gong couple in China took the train to Beijing but were stopped & ordered to get off at the station just before Beijing at the request of local police, who found out that they had bought train tickets to Beijing. They had no other choice and had to buy two return tickets. When they called their local police as ordered, the local police already knew that they had bought return tickets.

I recently heard this story from the above-mentioned couple who just escaped China. They said all these happened because of the social credit score system.  

這是我最近聽到的一件真事：一對法輪功學員夫婦，買了火車票去北京，結果在北京前一站被攔截。警察讓他們下車，不許他們去北京。

他們無奈中下了車，買了回程火車票，並按要求打電話給當地管他們的警察。他們還沒說什麼，當地警察就說，已經知道他們買了回程火車票了。

現在 中共國 通過社會信用系統，對人的監控就已經可以到這種程度了。

這對夫婦最終還是逃出來了。這件事就是他們親口講給我的。

4/19/2021

***********

（Jennifer’s note: Someone left such a comment after I posted this story on Facebook）

（曾錚注： 我在臉書上分享此文後，有人留言說：）

When I was in China, I knew a Falun Gong practitioner who was a native of Wuxi and worked in Shandong, and he went home to visit his family once a month.Every time he left Wuxi for Shandong, as soon as his ticket was scanned, a large group of police officers immediately came over to turn his luggage upside down [and carefully searched everything.]

我在中国时认识一个法轮功学员，他是无锡人，在山东工作，每个月回家探亲一次，每次从无锡出发去山东时，刚刚扫描完车票，一大帮警察就马上过来把他的行李翻个底朝天。

This is a true story: a Falun Gong couple in China took the train to Beijing but were stopped & ordered to get off at the station just before Beijing at the request of local police, who found out that they had bought train tickets to Beijing. They had no other choice and had to buy two return tickets. When they called their local police as ordered, the local police already knew that they had bought return tickets.

I recently heard this story from the above-mentioned couple who just escaped China. They said all these happened because of the social credit score system.  

這是我最近聽到的一件真事：一對法輪功學員夫婦，買了火車票去北京，結果在北京前一站被攔截。警察讓他們下車，不許他們去北京。

他們無奈中下了車，買了回程火車票，並按要求打電話給當地管他們的警察。他們還沒說什麼，當地警察就說，已經知道他們買了回程火車票了。

現在 中共國 通過社會信用系統，對人的監控就已經可以到這種程度了。

這對夫婦最終還是逃出來了。這件事就是他們親口講給我的。

4/19/2021

鄉野之美，很難用相機捕捉。有四時的變幻，還有如現在，日落前的靜謐時光。夕陽照在雲邊，照在樹梢，放著亮亮的金光。

院子裏，白的梨花、粉的桃花、綠的樹芽，都悄悄地鼓起小小的花苞或嫩骨朵，讓人滿懷期待地想像，過幾日，她們都盛開時，會是怎樣熱鬧而依然靜寂的美景呢？

這是我在這裏過的第一個春天。享受過鄉野之美之後，便再也不想住回城裏了。

4/19/2021 *

4/19/2021

Hello, everyone, welcome to “Inconvenient Truths”. I am your host Jennifer Zeng.  

 Today I will talk about two topics:  How serious China’s debt crisis really is, and the intensifying internal power struggle leading up to the CCP’s 20th National Congress, which will decide the fate of Xi Jinping: whether he can stay for a 3rd term, or will be removed. So make sure you stick around till the end.

 YouTube’s Suppression and A Big Thank You to All

 Before I move to our first topic today, I’d like to take this opportunity to thank all my donors and supporters. 

Yesterday I suddenly found that my Patreon pledge hit a new high this month.  This is a picture of the growth. This is my Patreon page where people can make donations to help my efforts. The link to this page is in the description box under this video. 

Jenifer’s Patreon pledge growth

Jennifer’s Patreon donation page

I really appreciate all the support I am receiving. I talked about how hard it is to maintain this channel a while ago with YouTube suppressing me, but didn’t get into too many details. 

Now, let me show you something. 

This is my subscriber history data. You can see that my subscriptions kept growing steadily since I started this channel about one year ago. Then it suddenly dropped instead of growing in January this year. I can tell you the drop happened right after January 6th. I think I don’t need to explain what happened on that day, and why everything changed ever since. 

Jennifer’s subscriber history data

Not only the subscriptions, but also the views suddenly dropped dramatically starting Jan. 6th. 

Let’s show a picture of two of my most popular shows. You can see I got 315 K views 8 months ago.

Two most popular shows of Jennifer

Now let’s show the data of my last show about the CCP offering its Beidou Navigation Satellite System to Iran, North Korea and 137 “One Belt, One Road” countries.  You can see how pitiful the numbers are. I got only 1.4K views, 2 less subscribers and less than $6 revenue for it.

Data of last show at https://youtu.be/48XiNQkCV4o

And how much do I need to spend to produce such a show?  I can tell you that I work full time for this channel now. I need 3 days on average to produce one show, as I need to do all the background research, prepare all the materials, and put all the information together. 

English is only my second language, it takes me 2-4 times more effort and time to write in English rather than writing in Chinese. Sometimes I struggle to find the correct words to express myself.

Also, as you can see, I am doing live shows from a professional studio, with professional equipment including a professional camera. 

When we go live, two technicians are working together with me, right now. One is in charge of casting the signal from the broadcasting system to YouTube, and monitoring everything; another one is in charge of putting up all the correct pictures and videos I prepare at exactly the correct time while I talk.

So all these cost a lot of money, right? That’s why I really appreciate all the support I can have. Otherwise, it IS very hard for me to carry on.

Another most important point to make is, like many of my viewers, I also believe that what I am doing is incredibly important. 

I started this channel last April, at the peak of the CCP virus pandemic, to share my first hand information and knowledge about it, as I worried so much about the damage that the pandemic could bring us because of the lack of information and knowledge. 

The first batch of shows Jennifer did about 1 year ago.

So the first batch of shows I did was a series of timelines of the CCP’s covering up of the information.

I am very proud to say that while more and more people inside the US government and intelligence community, as well as people from other countries,  are starting to say that the virus could come from the lab in Wuhan, I did a show 11 months ago and clearly said the same thing, and once got demonetized by YouTube because of this show.

Jenifer’s show: Origin of the CCP Virus: The Missing Piece of the Puzzle

So, the point is, what you are getting from my channel is not something you can get from those so-called mainstream media.  Many of them have become propaganda machines like the CCP’s media. 

So, again, thank you for your wonderful support and please do continue to support me if you can, so that together, we can spread the truth. 

 Now, let’s move on to our first topic today.   

 Deepening Debt Crisis

Recently the State Council of China issued “The Guideline on Enhancing Debt Risk Control of Local State-owned Enterprises“, which says “the risk problem should be solved through comprehensive deepening reform to effectively enhance the capacity of enterprises to fend off risks”. 

 This once again highlights the debt crisis of China’s state-owned enterprises (SOEs)  that has been deepening since 2020.

 We all know that when the CCP says we must do well in some area, it means that big problems, or even crises, already exist in that area.

Then how serious is the debt crisis for the CCP’s state-owned enterprises? Let’s check some concrete examples and figures. 

Shortly before the guideline was issued, state-owned coal company Jizhong Energy Group missed part of its payments on two bonds; while Chongqing Energy Investment Group, the only local energy platform owned 100 percent by the local government, defaulted on its bank notes.

Only 4 months ago, in November last year, China saw consecutive defaults by a number of SOEs including Henan Yongcheng Coal and Electricity Hold Group, Brilliance Auto and Tsinghua Unigroup .

 Another phenomenon to notice is, while during 2018-2019, the default of bonds mainly occurred in private enterprises, in 2020, the SOEs became the main defaulters. 

 SOEs: A “Shadow Play” under the CCP’s Credit Expansion

The defaults by SOEs not only undermine the credibility of the CCP and the stability of China’s financial system, but also highlights another problem, that is, the SOEs are like the CCP’s “shadow play”. 

 Have you ever watched a shadow play? A small puppet can become very tall and flashy when it is illuminated by the lights behind it. But that is just false bluffing. 

A shadow play

 So with the CCP’s SOEs, the expansion of credit has inflated them, but they lack actual strength. 

With easy credit, SOEs were able to borrow cheap money from banks to make large investments, which inflated the size of SOEs’ assets. But the profitability of their investments were not high.

In the past 20 years, there have been 4 major credit expansions in China. These expansions stimulated the economy, and were followed by a rapid rise in the size of debt of the entire society.

 With access to large amounts of cheap capital, Chinese companies have expanded rapidly, with 124 companies from mainland China (including Hong Kong) making the Fortune 2020 list of the world’s top 500 companies, surpassing the United States for the first time, which had 121 companies on the list.

Chinese companies on the list are mainly SOEs, including 48 central enterprises, and 32 local state-owned companies. 

Back in 1997, only four companies from mainland China were on the list.

However, Chinese companies are less profitable. The average profit of the 124 mainland Chinese companies on the list is less than $3.6 billion, about half that of U.S. companies, and less than the average profit of $4.1 billion of the 500 largest companies in the world.

In the meantime, the average profit margin of the mainland Chinese companies on the list is 5.4 percent, which is lower than the 8.6 percent of the U.S. companies. 

The average return on net assets of the Chinese companies on the list is 9.8 percent, which is also lower than the 17 percent of the US companies.

High Financial Costs and Huge Debt Risk

 The debt funded investment with low returns has also brought SOEs huge amounts of debts, high financial costs and huge debt risk.

Take China Minmetals Corporation, a Fortune 500 company as an example. In 2019, the company’s interest expenses are as high as $14.1 billion, while its net profit after tax is only $10.4 billion, which is less than its interest expenses. 

Its 2019 debt asset ratio is 76.5 percent, and its total debt is 8.24 times its total earnings before interest, taxes, depreciation, and amortization. 

This means that it will take more than 8 years for the company to repay its debt through its own operations.

 With high leverage, SOEs rely heavily on refinancing to repay their debts, either through bank borrowing or by issuing bonds in the debt market to pay off upcoming maturities. 

 A big problem is, all major Chinese banks, as well as the SOEs are owned by the CCP, this means that the CCP is both the borrower and the lender when it comes to SOEs bank financing. 

To support the SOEs, the CCP often orders the banks to lend money to them. 

So this shifts the risk of SOEs onto the banks. If SOEs do not improve their own financial situation and rely only on government support to repay their debts through refinancing, then the SOEs’ debts will snowball and the risk of debt will grow until one day, when the CCP can no longer support these enterprises to repay their debts.

When that day comes, the entire financial system will be at great risk. 

How big is the risk? 

By 2020,  China’s debt had reached 335 percent of its GDP, with non-financial corporate debt accounting for 164.7 percent of its GDP, while in the United States, non-financial corporate debt accounts for 81.8 percent of its GDP. 

 From 2017 to 2020, China’s banking sector had disposed 8.8 trillion yuan ($1.34 trillion) of non-performing loans, more than the sum of the previous 12 years. Among them, in 2020 alone, 3.02 trillion yuan ( $477 billion) bad loans were deposed. Banks needed to replenish their capital to defend against the risk of bad loans.

In the meantime, China’s local government debt is also approaching the alert zone.

In 2020, the explicit debt ratio of local governments reached 97.2 percent, while the ratio may enter the alert zone this year, which is 100%-120%.

 I hope you are not feeling bored by these boring numbers. But the problems are real: the bad debts of the banks, as well as the debt pressure of local governments will make it hard for the CCP to bailout the SOEs. 

However, if the CCP just sits idly to see the SOEs default, the credibility of the CCP itself will be shattered, which will make it even more difficult to refinance the SOEs that rely on government support.

So that is the problem the CCP is facing now. You may have read the news the CCP just announced that its GDP growth for the first quarter of this year is as high as 18.3%. Even if this number is true, it is still a shadow play falsely enlarged by the light. It is not real.

The Sudden Death of Former Shanghai Mayor Yang Qiong

Now, let’s move to our second topic today, the intensifying power struggle inside the CCP.

The CCP’s official report about Yang Qiong’s death

 A few days ago, on April 12, former mayor of Shanghai City Yang Qiong suddenly died of a heart attack only 2 hours after he was sent to the hospital. And his death has sparked a lot of speculation among Chinese people both inside and outside of China?

Why? 

Because Yang Qiong was well known for his tight ties with former CCP head Jiang Zemin’s family, especially with Jiang Zemin’s eldest son Jiang Mianheng. 

Many Chinese people called Yang Qiong Jiang Mianheng’s confidant and henchman.

A Chinese language report referring Yang Qiong as Jiang Mianheng’s confidant and henchman.

Yang Xiong was born in 1953 in Hangzhou City, Zhejiang Province, and was only 68 years old this year.

We all know that Jiang Zemin rose to the top of the CCP’s power center from Shanghai City. He was the mayor and CCP secretary of Shanghai before he was promoted to the central government and became the General Secretary of the CCP’s Central Committee in 1989, after the Tiananmen Massacre. 

So we can say that Shanghai was Jiang Zemin’s base and territory. 

Jiang Zemin’s eldest son Jiang Mianheng also built up his own base and territory in Shanghai based on what his father left for him. 

For example, the ShanghaiTech University  was founded by Jiang Mianheng, and later became his own kingdom. Yang Qiong was appointed as a member of the school council of this university. 

Jiang Mianheng has also been the Vice-President of the Chinese Academy of Sciences, and the president of the Shanghai branch of Chinese Academy of Sciences. Because of the huge amount of research funding he controlled, there has been a lot of corruption involved as to who could get the fund, etc.

Let’s go back to Yang Qiong’s story.

Yang Qiong became the vice mayor of Shanghai city in 2012.  However, he failed to become a member, or even an alternate member of the CCP’s Central Committee at the 18th National Congress of the CCP held in that year. 

In the following year, 2013, he was promoted to the mayor of Shanghai, as a non-CCP Central Committee member. This had never happened in Shanghai before, and caused a lot of attention. 

It was reported later that at that time, Xi Jinping wanted to appoint someone he trusted as Shanghai’s mayor, but Jiang Mianheng stepped in. Because Shanghai was the Jiang family’s territory,  Xi Jinping failed to achieve what he wanted.

 So we can say that that was the first round of power struggle between Xi Jinping and Jiang’s family surrounding Yang Qiong. 

Then in 2016, Yang Xiong was “given a talk” by the CCP’s Central Commission for Discipline Inspection, which means he was under investigation. He was then required to criticize himself at a CCP meeting at the Shanghai Committee. 

After Xi Jinping came to power in 2012, he began an anti-corruption campaign  mainly via the  Discipline Inspection system, and purged  a lot of senior officials. Most of them belonged to Jiang’s camp.

 In 2017, Yang Xiong stepped down as Shanghai’s mayor, and later became the deputy chairman of the Finance and Economy Committee of the National People’s Congress of China.

 This was the worst treatment for a Shanghai mayor in 26 years. Unlike his predecessors, he was the first one who did not receive the treatment of a vice national level official. 

All previous mayors of Shanghai, were at least at the vice-national level in terms of their bureaucrat ranking.

 There was another very abnormal thing related to Yang Qiong. 

Report of ShanghaiTech University’s website and group photo with Yang Qiong sitting in the middle.

On June 30, 2019, the Second school council of  the ShanghaiTech University was established and held its first meeting. Both Jiang Mianheng and Yang Qiong were members of the council. 

Other members include Ding Zhongli, Vice Chairman of the National People’s Congress Standing Committee, and Zhou Xiaochuan, Vice Chairman of the 12th National Committee of the Chinese People’s Political Consultative Conference (CPPCC).  Both of them are at the vice national level in terms of their positions in the CCP’s political system. 

In the meantime, Yang Qiong was only a provincial level official. 

A group photo of the council members on the website of  ShanghaiTech University shows that Yang Qiong was sitting in the middle, while Ding Zhongli and Zhou Xiaochuan, who have higher official ranks, sat at his left and right side.

 This immediately raised some eyebrows, as in CCP’s China, the official hierarchy is very strict, and the seating orders are very important and always carefully arranged. The most important person is always situated in the middle in group photos.

Therefore, it was very unusual that Yang was in the middle instead of the two higher ranking officials.

So it was believed that Yang’s failure to ascend to the CCP’s Central Committee as the mayor of Shanghai was related to Xi Jinping’s suppression of Jiang Zemin’s family. 

Meanwhile, Jiang Mianheng fought back by having Yang sit in the middle of that group photo.

On the same day of Yang’s death,  ShanghaiTech University published an article, titled, “Sorrowful Tribute to the Memory of Comrade Yang Xiong, Director of the School Council of ShanghaiTech University.”

On the same day of Yang’s death,  ShanghaiTech University published an article, titled, “Sorrowful Tribute to the Memory of Comrade Yang Xiong, Director of the School Council of ShanghaiTech University.”

The article speaks highly of Yang’s contributions to the university, and it mentioned that Yang had visited the school many times when he was the mayor and the deputy CCP secretary of Shanghai.

This high profile tribute of the ShanghaiTech University once again shows the deep ties between Yang and Jiang Mianheng.

Another thing people noticed was that many high ranking CCP officials have long lifespans as they have the privilege of receiving the best medical care. Many of them have lived more than 90 years, and there are also many senior officials who are still in office at the age of 68. 

So, the very sudden death of Yang, a senior official at the ministerial level who also enjoyed medical care privileges, has drawn some public speculation.

 As late as April 7, five days before Yang’s death, Lu Yachen, former vice president of Shanghai Electric Group, who had hidden ties with Jiang Zemin’s family, was placed under investigation. 

Although we don’t know whether these two incidents are related to each other or not, but there is no doubt that Jiang Zemin’s family and his political faction are under pressure as Xi Jinping could be ramping up his anti-corruption campaign among officials ahead of the CCP’s 20th National Congress, which will be held in the autumn of next year. It is widely believed that Xi will be seeking a third term, something unprecedented in recent history, at the 20th National Congress.

So what will happen next? We have to wait and see.

Well, that’s all for today’s Inconvenient Truths. Thank you very much for watching. 

Again, thank you very much for your support too. See you next time!

4/16/2021

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By Jennifer Zeng | April 13, 2021 曾錚報導 | 2021年4月13日

An electronic technology company in Shenzhen, China admitted that due to the US sanction, it had run out of its chip inventory that it hoarded several months ago, and was forced to raise prices to survive “the chaotic world”.

位於深圳的永航能源技術有限公司4月10日發出“ 價格調整通知函”稱，由於美國的制裁，該公司的芯片庫存已經用盡，不能不調整以求“苟全性命於亂世”。

In a “Price Adjustment Notification Letter” issued on April 10, EV-Peak Electronic Technology (HK) Co. Ltd told its customer that it had to raise prices by 15-25% after it had used up its “ammunition” because “the black forces of the West, led by the U.S. Empire, are trying to hinder the development of our great communism, diluting the hard-won revolutionary property by over-issuing the U.S. currency, strangling the supply of upstream semiconductor factories, manipulating the distribution channels and raising the prices of chip products substantially. “

調價信函說，因爲公司已經“弹药殆尽”，不得不漲價15-25%。這一切都是因爲“ 以美帝为首的西方黑势力亡我中华之心不死，妄图阻碍我伟大共产主义发展，通过超发美钞来稀释来之不易的革命财产，将上游半导体工厂供应扼制，操控流通渠道的芯片产品大幅度提价。”

The letter also calls for its “dear compatriots” to “raise the prices together and push up the export prices to let the evil capitalism eat its own evil fruit. “

調價信函並號召“ ”同胞们“說，”让我们共同提价，拉升出口价格，让万恶的资本主义自食其恶果。”

The letter says, “We hope that our compatriots will speed up the research and development of domestic chips and break free from the black hand of the western evil forces choking my throat. Comrades! Hold tight on to the RMB in your hands and fight with the American Empire to the end.”

信函最後還呼籲：“ 望同胞们加快国产芯片的研发，挣脱西方恶势力之扼我咽喉之黑手，同志们握紧你手中的RMB吧，与美帝决战到底。”

According to its company information, EV-Peak Electronic Technology (HK) Co. Ltd in Shenzhen mainly produces UAV supporting products, UAV (system), UAV special charger, including drones special charger, intelligent balance charger, simple charger, and battery management systems, etc.

據公司信息介紹，永航能源技術有限公司主要產生无人机配套产品、无人机（系统）、无人机专用充电器等，主要產品包括无人机专用充电器、智能平衡充电器、简易充电器、及步车、电池管理系统等。

The company was founded in 2002, and has about 200 employees.

公司成立於2002年，現有約200名員工。

In 2005, it successfully developed the first intelligent balance charger; in 2011, it developed a large power charger 1000W.

公司於2005年研制出第一款智能平衡充电器；2011年研制出大功充电器1000W。

The following is the full translation of its “Price Adjustment Notification Letter”.

以下是信函全文及其英文翻譯。

************

Dear compatriots, great successors of communism,

尊敬的同胞们，伟大的共产主义接班人们：

We salute you with a high revolutionary salute!

向你们致以崇高的革命敬礼！

The black forces of the West, led by the U.S. Empire, are trying to hinder the development of our great communism, diluting the hard-won revolutionary property by over-issuing the U.S. currency, strangling the supply of upstream semiconductor factories, manipulating the distribution channels and raising the prices of chip products substantially, coupled with the hoarding of domestic buyout capital and price inflation, in an attempt to combat the cause of our socialist construction. With the determination to the battle with the U.S. empire until we die, we have persisted for more than a quarter. But now we have run out of our inventory, and used up our ammunition. Therefore we have to notify you with a very heavy heart: in order to preserve the tinder of the revolution, to survive the chaotic world, all the prices of our existing products will be raised up for 15-25%.

以美帝为首的西方黑势力亡我中华之心不死，妄图阻碍我伟大共产主义发展，通过超发美钞来稀释来之不易的革命财产，将上游半导体工厂供应扼制，操控流通渠道的芯片产品大幅度提价，加之国内买办资本囤积居奇，哄抬物价，妄图打击我社会主义建设事业，本着与美帝决一死战之心，我们已坚持了一个季度有余，怎奈库存已完，弹药殆尽，现万分沉痛的通知大家，为保全革命火种，苟全性命于乱世，现有产品价格将统一上调：15-25%。

Dear compatriots, the battle cry has been blown. Let’s raise the prices together and push up the export prices to let the evil capitalism eat its own evil fruit. We hope that our compatriots will speed up the research and development of domestic chips and break free from the black hand of the western evil forces choking my throat. Comrades! Hold tight on to the RMB in your hands and fight with the American Empire to the end.

同胞们，战斗的号角已经吹响，让我们共同提价，拉升出口价格，让万恶的资本主义自食其恶果。望同胞们加快国产芯片的研发，挣脱西方恶势力之扼我咽喉之黑手，同志们握紧你手中的RMB吧，与美帝决战到底。

Price Adjustment Notification Letter by EV-Peak Electronic Technology (HK) Co. Ltd in Shenzhen, issued on Apr. 10, 2021

EV-Peak Electronic Technology (HK) Co. Ltd in Shenzhen

Hello, everyone, welcome to “Inconvenient Truths”. I am your host Jennifer Zeng.  

A while ago, right before the U.S. and Iran were going to hold indirect talks on April 6, the CCP and Iran signed a 25-year Comprehensive Strategic Cooperation Agreement. According to the agreement, China will provide its BeiDou Navigation Satellite System to Iran to enhance Iran’s combat capabilities. Today I’d like to discuss a little bit of the agreement, and what this BeiDou Navigation Satellite System, or Beidou system, means for the US and the world.

The China-Iran Comprehensive Strategic Cooperation Agreement includes three main aspects:

1. The CCP will invest $400 billion in Iran for energy and infrastructure construction.

2.  Oil and trade transactions between China and Iran will be settled in Renminbi; and 

3. Iran will install the CCP’s Beidou system for its missiles. 

Among the three items, the Renminbi settlement and the Beidou System have caused the most concerns.

Settlement in Renminbi Can Bypass U.S. Sanctions on Iran

Under the U.S. sanctions against Iran, countries are prohibited from conducting oil transactions with Iran, and if the U.S. dollar is used in such transactions, the relevant banks will be subject to U.S. secondary sanctions, all financial ties with the U.S. will be severed, and all business and assets will be frozen. 

In addition, the U.S. will pressure the Society for Worldwide Interbank Financial Telecommunication (SWIFT) to cut its telecommunication ties with Iran.

However, if Renminbi is used to settle oil trade between the CCP and Iran, the CCP will help Iran to get rid of the restrictions of using US dollars, thus largely bypassing the US sanctions. 

Currently South Korea is still holding $7 billion of Iranian oil money under US sanctions over its nuclear program. This has put great pressure on Iran’s economy, to the point that Iran is even unable to buy the CCP virus vaccine.

So from this, we can see how eager Iran could be to be able to get rid of the restrictions of having to use US dollars. 

From the CCPs perspective, China is the world’s largest importer of crude oil. If oil purchases must be settled in U.S. dollars, the CCP must pay huge fees in order to convert Renminbi yuan into U.S. dollars.

According to statistics, China’s daily settlement volume through SWIFT is between $200 billion and $300 billion, and the handling fee alone costs the CCP $7.3 billion to $10.9 billion per year. Therefore, using Renminbi for settlement saves the CCP a lot of dollars for itself.

The Beidou System Will Enhance Iran’s Combat Power and Become a Nightmare for the World

From the military point of view, an advanced navigation system is the fundamental guarantee for missiles to hit the target. It is believed that although Iran lacks an effective navigation system, it has never dared to use U.S. and EU navigation systems because the navigation signal may be cut off in the event of a Western-led military conflict.

However, the installation of the Beidou System on Iranian missiles will improve their targeting accuracy to a certain extent, and pose a threat to the U.S. aircraft carrier fleet in the Persian Gulf.

Beidou System in an exhibition in China.

Beidou System is one of the four core providers of global satellite navigation systems recognized by the International Committee on Global Navigation Satellite Systems (ICG), established in 2005 under the umbrella of the United Nations. The other three suppliers are the U.S. Global Positioning System (GPS), the Russian Global Navigation System (GLONASS), and the European Union’s Global Satellite Navigation System Galileo. 

Beidou System in an exhibition in China.

We all know that the US GPS played an important role in the Gulf War against Iraq. (show P2) This war was very different from the traditional war that people knew of before. With GPS’s positioning and navigation capabilities, the U.S. military was able to achieve a very high hit rate for precision-guided weapons to reach their targets, avoiding injury to innocent people and greatly enhancing combat efficiency.

It was said that the CCP was greatly shocked by that war. So it spent 26 years, more than $12 billion and launched 55 satellites to finally establish its own navigation system: the Beidou system. 

The CCP regards the Beidou system as a great and powerful weapon. It is a global spy tool for all-weather, all-day, high-precision positioning, navigation and timing. It can be used in military, transportation, communication, urban surveillance and other fields.

It has 31 more satellites than the U.S. GPS. The coordinated operation of its space and earth network involves the coordinated scheduling and monitoring management of dozens of systems and tens of thousands of equipment sets.  

The CCP regards the Beidou system as a great and powerful weapon

Through the Beidou System, the CCP is able to put in place a vast system that can monitor the entire globe. 

To ensure the safe launch, successful orbiting and stable operation of the BeiDou satellite launch mission, the CCP has laid out ground radar, ground measurement and control stations, maritime measurement vessels and relay satellites on land, sea and sky to create a global coverage measurement and control network, providing online services for space measurement and control of BeiDou satellites at any time.

 According to some Chinese commentators, the Beidou System will become a nightmare for the world. 

Why?

The coordinated operation of Beidou’s space and earth network involves the coordinated scheduling and monitoring management of dozens of systems and tens of thousands of equipment sets.  

The CCP is now actively promoting the Beidou System via its “One Belt, One Road” initiative. Among the 137 countries that signed up, more than 100 have the most frequent use of the Beidou System, most of them in Southeast Asia and Africa. 

Among the 137 countries that signed up, more than 100 have the most frequent use of the Beidou System, most of them in Southeast Asia and Africa. 

Then, more than 30 countries in the Middle East, Africa and other regions also use the Beidou System. 

 Now, since the CCP and Iran have signed the 25 year agreement, once Iran introduces the Beidou System, the power of its missile force will multiply. Many countries in the Middle East might also want to follow suit and cooperate with the CCP. 

And, after Iran has the Beidou System, the nightmare of the United States will begin. With increased navigation accuracy, Iran can use ballistic missiles to strike U.S. aircraft carriers, and the situation in the Middle East is likely to change.

Iran has developed and equipped a number of ballistic missiles. As recently as January this year, it tested missiles of various ranges. The missiles are capable of carrying a 650 kg (1400 pounds) warhead and have a range of about 2,000 km (1,200 miles).

With a range of 1,200 miles, the missiles can hit most countries in the Middle East, as well as the U.S. military bases in Iraq, Saudi Arabia and other places.

 North Korea Has Also Received Beidou System Training from the CCP

 Actually, not only Iran, North Korea has also received training from the CCP on the technology and applications of the Beidou System. 

 According to South Korea media Donga.com, as early as 2014, 19 experts from eight Asia-Pacific countries, including North Korea, had received training in China on the Beidou System.

The report said North Korea had learned satellite navigation technology in China and was likely to use it exclusively for military purposes, which was a further cause for concern in South Korea. 

The report said, in the first half of 2014, North Korean drones used the most basic GPS technology when they took pictures of Cheong Wa Dae , the official residence of the President of South Korea, and Baengnyeong Island in South Korea. 

 We all know what kind of a regime North Korea is. It is very likely that it will use the satellite navigation technology it learned from the CCP for military purposes. This would also be a nightmare for the world if the technology is used in long-range missiles or drones.

 CCP Charges Chinese People While Offers Free Service Outside of China

 Another strange thing is, while the CCP charges Chinese people for using the Beidou system, it promises free service outside of China.

 It says that the BeiDou satellite navigation system will provide both open services and authorized services to the world. The open services are the same as those currently provided by the GPS system, providing free positioning, speed measurement and timing services in the service area.

 However, inside China, the service is not free. Truck drivers in China are forced to use the Beidou system, and pay a 100 yuan( $15) training fee per month. 

They are also forced to spend 2700 yuan ($412) to install a Video Surveillance System that connects to the Beidou system inside their trucks. The Surveillance System will record all the movements of the trucks, including where they have been to, whether the truck drivers have followed the rules, and stopped to take a rest after 4 hours of continuous driving, etc. 

On April 5, truck driver Jin Deqiang was stopped at a checkpoint in Tangshan City, Hebei province in China. It was found that his Video Surveillance System had dropped off line and was not working. So his driving history was not recorded. As a result, he was given a fine of 2000 yuan ($305).

This driver became very upset. He could only earn 200-400 yuan per day, and had 3 children to raise, and altogether he had only 5000 yuan savings. 

The truck of Jin Deqiang, and the bottle for the pesticide that had killed him.

Before he killed himself, he wrote a suicide note, saying that he had been working for 10 years without earning much money. But his health was totally ruined, and he couldn’t live too much longer. How could he know that the Beidou System had gone offline as a truck driver? So he chose to kill himself in order to raise some awareness. He hoped that his death would make the leaders pay some attention to this matter. 

His death did cause quite a stir inside China. There are 30 million truck drivers in China. If all of them are forced to spend thousands to install and maintain the Beidou system, how much money can the CCP earn from them? And why should a truck driver be fined if the system went offline? People asked all sorts of questions, and also doubted the quality of the Beidou system.

Jin Deqiang’s suicide note.

The reason I am telling the story here is to ask the question and make everybody think: Why does the CCP offer free navigation service outside China while squeezing so much money from the Chinese truck drivers? If the truck drivers don’t install the system, they cannot pass their annual inspection.  

Changes in the U.S. Policy Toward Iran

Now, let’s talk a little bit about the changes in the US policy toward Iran.

 In July 2015, the five permanent members of the United Nations, including the United States and China, signed the Joint Comprehensive Plan of Action ( also known as the Iran nuclear deal or Iran deal) .

In May 2018, former U.S. President Trump withdrew from the deal after announcing that it is “defective at its core.” 

Trump said , “If we do nothing, we know exactly what will happen. In just a short period of time the world’s leading state sponsor of terror will be on the cusp of acquiring the world’s most dangerous weapon.”

The Trump Administration then imposed more than 1,600 sanctions on Iran, including an oil embargo and comprehensive economic sanctions.

 On April 6 this year, the new U.S. administration and Iran held indirect talks through European representatives in a “shuttle diplomacy” on the U.S.’ return to the Iran nuclear deal. 

Although the U.S., Iran and Europe all called the talks “constructive,” and the U.S. side said it did not expect an immediate breakthrough,  

the Iranian side, on the other hand, has taken a hard-line stance in the talks.

And what’s the reason behind that? It is highly possible because Iran had just signed the agreement with the CCP, and had the CCP’s support behind it. 

 So we can also say that the 25-year Comprehensive Strategic Cooperation Agreement between the CCP and Iran is a major blow to the Biden administration.

 A Chinese commentator, Li Yanming, said, “The public alliance between the CCP and Iran is a sign that the CCP will further contain U.S. military deployments in the Middle East through Iran, distracting U.S. control over the Indo-Pacific region and paving the way for its military expansion in the Taiwan Strait, the South China Sea and the world.” 

 Well, that’s all for today’s Inconvenient Truths. We all know there is no free meal in the world, why do people always fall into the CCP’s traps? I hope everyone can think about this. If you like my programs, please do share them with more people. The world needs the truth so badly at such a critical moment in history.

Thank you, see you soon!

4/13/2021 *

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同一篇文字，不同人的觀感和反饋卻相差千里。再次說明，創作是寫手和讀者共同完成的。寫手只做了一半，另一半是由讀者自己在腦子中完成的。

然後意識到，如果你能依據我寫的文字對我進行一次深刻的批判的話，那是因為，那樣的我，是我讓你看到的，換言之，是我自我批判的結果。

想到這裡，不禁又有點得意起來。

今天跟朋友聚會，隨意說起幾年前經歷的一次生死關，朋友很詫異的說，這麼大事，怎麼沒聽你說起過？

這才意識到，原來，這樣的事情我一般是不說的。內心的自省時時有，但說出來的東西，經常只剩下今天天氣哈哈哈哈了。

4/11/2021

今天要去Home Depot 退一個很重的東西，價值近三百美元，我搬不動，於是請了個小時工來幫忙，東西放到他車上，我開車跟在後面。

東西搬到了，小時工把它放到一個推車上，我發現自己就能推動，於是就自己推了進去，讓小時工去找地方停車。

結果退貨的時候，先是找不到發票，後來好容易找到發票了，店員又說，這種貨賣出時間超過一個月就不給退了，不是我以爲的六個月。

怎麼辦呢？難道還要再搬回去？我左右看看，沒看見小時工跟進來，心想他可能已經走掉了。

難道再打電話把他叫回來？然後再把這東西掛到網上自己去賣？

這麼一想，覺得不勝其煩，不願意再在這上面花任何時間，於是果斷地對店員說，錢我不要了，你們把東西收下吧，反正我都沒開過封，好好的。

店員愣了一下，大概沒見過我這樣的？

他略猶豫一下說，你等等。然後就抓起電話打了起來。我猜，是在請示上級？

放在電話，他就在電腦上操作起來，然後說，經請示，可以給我辦退貨，但因爲這是“法外施恩”，所以錢不能如通常情況下那樣劃入我的信用卡中，而是只能給我一個Home Depot的卡，裏面放了錢，我只能用這卡在Home Depot買東西用。

我收下卡，琢磨著：這卡有有效期嗎？買點啥才能把它花出去呢？

這時，電話突然響了，原來小時工並沒有走，而是看我在排隊等，他以爲還要很久，就直接到店裏去轉了。

我就跟他講了經過，並說，還沒付他工錢呢，讓他回到退貨處集合，我好給他工錢。

見了面，他說，你把Home Depot的卡給我吧，我給你現金，我經常來買東西。

就這樣，他給了我一大把二十元大鈔，我把卡給他，並吩咐說，如果他花這卡遇到任何問題，讓他再找我。

於是我們倆都高高興興地開車回家了。

我那天說，不知世上有無那樣一個傻得剛剛好的傻子，能跟我傻味相投，今天卻發現，像我這種智力水平的傻子，在美國這樣一個社會，就屬於傻得剛剛好？

4/11/2011 *

2021年4月11日自拍照騙（美顏效果圖）。