On August 25, China Evergrande Group, which had been suspended from trading for 18 consecutive months, was officially delisted from the Hong Kong Stock Exchange, ending its roughly 16-year listing history. (Online screenshot)
[People News] These two days Zhang Xuefeng suddenly exploded in popularity on overseas internet. The cause was that he organized company employees to watch the 9/3 military parade. After watching, it was like taking drugs, he set up a flag: “When our motherland is going to be unified… the day the gunfire starts, I the f*** at least donate 50 million; my company’s account forever has this money, that f***ing day, I directly put 50 million in, overall at the very least donate the f***ing one hundred million.”
China mainland provincial-level official media Henan Radio and Television Station’s affiliated “Elephant News,” on the 8th published a commentary article titled “Zhang Xuefeng please listen to the question, should inciting war be given zero points?” publicly challenging him.
The article directly criticized Zhang Xuefeng as “a graduate exam teacher who climbed up the wealth pyramid by relying on Chinese parents’ blood and sweat money,” playing skillfully a traffic game—performing patriotism, clamoring for war.
How did a patriotic “little pink” suddenly get suppressed by CCP state media, becoming the second Wu Jing? What exactly happened behind this?
1. Henan Elephant News tone change and Henan-origin United Front Work Department vice minister taking new office
The Elephant News article also mentioned that Zhang Xuefeng once publicly promoted that China’s biggest island is “Japan,” saying “Japan is an inseparable part of China’s territory.” Emphasizing that China after World War II never voluntarily initiated a war, never occupied one inch of other countries’ land, Zhang Xuefeng’s words are not only ignorance, but also a serious smearing of China’s image.
The article also criticized Zhang Xuefeng for, for a war that has not yet happened and that all Chinese people strive to avoid, in advance “inciting donations.” This is cruelty toward compatriots, is trampling on the bottom line of civilization. It rhetorically asked: “Do Taiwan compatriots feel good hearing this?”
The article finally shouted to Zhang Xuefeng: “Patriotism is responsibility, is action. Not a traffic tool for you to monetize. Don’t ruin people tirelessly anymore, Zhang Xuefeng.”
However, after Elephant News published the commentary, the comment area was flooded and besieged by patriotic “little pinks,” claiming that donating money to fight Taiwan independence is the consensus of Chinese people, counter-criticizing Elephant News as “traitor media.” Suspected because online comments were one-sided, today on the Elephant News website already this article cannot be searched.
Foreign relations are set by CCP United Front Work Department. Today the United Front Work Department welcomed a new leader—Shen Ying.
According to public information, Shen Ying, born in 1965, from Luoshan, Henan. Peking University political economy graduate student education, economics PhD. She was appointed as “Vice Minister of the Central United Front Work Department in charge of daily work (ministerial level).”
Shen Ying once worked in the State Administration of State-owned Assets, Ministry of Finance, State-owned Assets Supervision and Administration Commission (SASAC) of the State Council. In 2015, SASAC for the first time set up Chief Accountant position, Shen Ying held this position, in 2016 at the same time held position of Party Committee member of SASAC, July 2018 served as Deputy Director.
In December 2018, Shen Ying transferred to be Vice Governor of Heilongjiang Province, in May 2021 served as Standing Committee member of Heilongjiang Provincial Party Committee, head of Organization Department, later served as Executive Vice Governor of Heilongjiang Provincial Government, December 2022 served as Standing Committee member of Jiangsu Provincial Party Committee, head of Organization Department.
In 2023, Shen Ying served as Deputy Secretary of Jiangsu Provincial Party Committee, in 2024 as Vice Minister of Central United Front Work Department, Party Secretary of All-China Federation of Industry and Commerce (ministerial level), Executive Vice Chairman, Vice President of China Private-Owned Business Chamber, until this new appointment.
From her personal résumé it can be seen, Shen Ying possesses economics professional knowledge, long worked in SASAC, then transferred into United Front Work Department before Minister Li Ganjie was rumored to be in trouble, becoming vice minister managing daily affairs, possibly in future becoming number one. Why at this time CCP transfers an economics-knowledgeable female cadre to handle United Front?
2. CCP huge debt becomes the straw crushing the camel
On June 3, 2025, CCP “China Business News” published article “Last year China government debt balance about 82.1 trillion, this year limit about 99.9 trillion” disclosing that at the end of 2024, CCP government debt balance totaled about 82.11 trillion yuan, controlled within the limit. At the end of 2024, government debt balance proportion of GDP (debt ratio) about 60.9%.
Sina Finance published article “China 350 trillion debt panorama scan” confirming that 2023 CCP debt amount was 350 trillion yuan. But CCP debt also has hidden problems.
Because local debt has urban investment bonds, and many debts are government debts in enterprise name. CCP economists evaluate, CCP debt is “tip of iceberg.”
Fu Peng evaluated, China’s post-80s and 90s are a hopeless generation, although alive, already dead, implying these two generations will endlessly repay CCP debt.
A person born in 1999 is 26 years old this year, if retire at 60 will work 34 years, then according to present government revenue calculation, CCP has already taxed into 34 years later.
According to CCP public information, 2024 CCP government revenue was 21.97 trillion yuan, growth rate 1.3%. According to proportional formula:
Sn = R1 × [ (1+r)^n − 1 ] / r
R1 = 21.97; r = 0.013; n = 34
Calculated, 34 years later CCP government total revenue is 938.8 trillion yuan, equivalent about 130 trillion US dollars, this is CCP’s real debt at this time. In 2024, US debt was 36.2 trillion, CCP debt is 3.6 times that of US.
Under this pressure, whether Xi Jinping holds power, or the elder faction holds power, probably dare not again shout wolf warrior slogans.
With “anti-America vanguard” reputation, also called “CCP national teacher,” Renmin University of China School of International Relations Vice Dean Jin Canrong recently in a speech claimed, Xi Jinping administration in 2027 has very big chance to take action, by force resolve Taiwan issue. Although militarily no problem, Xi Jinping still must worry about 2 things, respectively “economy” and “politics.”
(People News first publication)
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