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Chinese residents’ misery: Paychecks cut, frozen bank accounts, forced donation - YouTube
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chinese residents misery paychecks cut
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frozen bank accounts forced donation
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for the past two years kova 19 had a
[8]
significant impact on the chinese
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economy some cities are holding urgent
[12]
meetings to rescue the economy or even
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freeze funds some look for other ways to
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collect money in addition paychecks of
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chinese officials have been reduced
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over four hundred thousand depositors
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unable to withdraw a total of six
[25]
billion dollars making lives suffering
[28]
many chinese banks have been facing
[30]
capital problems as a result of
[32]
depositors difficulties withdrawing
[34]
funds from many rural and urban banks
[36]
the withdrawal issues triggered protests
[38]
among residents according to kaichin's
[41]
previous understanding the four rural
[43]
banks in hunan and two world banks in
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anway with closed online systems had
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approximately four hundred and thirteen
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thousand online depositors both cena
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finance and dojien reported the money
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involved is 40 billion yen around 6
[56]
billion
[57]
depositors are suffering as a result of
[59]
frozen cash as well as the indifference
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of local authorities the funds are life
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savings therefore failure to withdraw
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has led to many tragic situations
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chen lee a depositor at rural banks in
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hunan says that some of them have sick
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children and urgently need money for
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surgery some depositors tragically lost
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their family members one of them had to
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sign a consent form in order to give up
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medical care for their ailing mother
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since they are unable to withdraw the
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funds to cover the cost as a result
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their mother passed away another 50 year
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old woman lost her mother just because
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she couldn't withdraw her 34 000 life
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savings deposit to pay for her treatment
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all she could do was to give up the
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treatment the woman is a hard-working
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single mom she's working from 6am to 8pm
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every day and raising two children she
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runs stalls at night markets and knits
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bracelets for tiny factories in her own
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time at the moment she's still unable to
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bury her mom because all of her money
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has been frozen in a video on twitter
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depositors hopelessly laid on the ground
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in the sweltering sun crying bitterly
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desperate to be heard they are begging
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for the recovery of their hard-earned
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money and life savings while some
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residents are suffering due to the
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frozen bank accounts others are being
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forced to donate to the government's
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funds
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[Applause]
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cities are running out of money and
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looking for ways to recover their losses
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some cities in china have been seeking
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ways to recover their losses on june 7th
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the shanghai state-owned asset
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supervision and administration
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commission sas ac issued a notification
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to business organizations the
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notification requested donations from
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sasac party members and cadres to fight
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against the covet outbreak ordinary
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citizens reportedly were also forced to
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donate a netizen reported to a group of
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official media every shanghai resident
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is forced to donate 100 yen 15 one by
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one to call to inform them to donate
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some local netizens were forced to
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donate in disguise according to some
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residents local authorities were busy
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embezzling materials and selling
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high-priced vegetables hollowing out the
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common people moreover a netizen said he
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had to send 50 yen around 7.5 dollars in
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tears and felt uncomfortable when the
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staff asked him to donate he wanted to
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donate money to the small cities that
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are more affected by the epidemic rather
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than shanghai the notice is requesting
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that others not publicize the
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information about the donation has
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raised concerns many people wondered if
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it was all a scam media outlet.gn
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provided a web screenshot of a person
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warning others about a mass gaming
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scheme in which people were asked to
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give money but not to tell others about
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it some speculated that shanghai is now
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bankrupt because of the deep cost for
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the xero covid policy a shanghai
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resident named huang told the outlet
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that after the lockdown foreign
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businesses left the city all small
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medium and micro enterprises closed down
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she assumed that the request for
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donations meant that shanghai
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authorities were in financial trouble in
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response shiiten a professor at the
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university of south carolina aiken
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school of business said quote people
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don't want to donate to the government
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you could donate to a charity you could
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donate to the victims of the disaster
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the government is supposed to have taxes
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revenue and the government can also
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issue bonds the government should have
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its own financing sources it is not able
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to accept donations but the chinese
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communist party seems to be at the end
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of its rope and all levels of government
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are facing fiscal deficits end quote the
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two-month lockdown has depleted
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government funds and affected the local
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economy not only shanghai but yee ching
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jiu jiang and hazy shendong also applied
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the same strategy authorities in yuching
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city jujung province held a one-day
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charity donation activity with the theme
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of gathering charity power and helping
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commonwealth on june 7th so far they
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have raised almost 3.8 million yen
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around 570 thousand dollars according to
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chinese media outlet konjunguo
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participants are members of the local
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party government and military agencies
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social groups cadres and workers and
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people from all walks of life the funds
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raised should be used for nucleic acid
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testing in huawei city shandong province
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the donations were handed over to the
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red cross society of the health and
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construction bureau of the city's muden
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district french media rfa cites jon a
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shandong resident that most of the
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donations are used for disaster relief
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it's not commensurate with the current
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use for nucleic acid testing
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reduction in wages and salary worries
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officials and residents
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under the economic pressures the news of
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cutting civil servants income came out
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in september last year rfa reported that
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numerous places cut wages from 15 to 30
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percent depending on the area however
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this year the numbers are greater
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regarding teachers wage cuts chinese
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language media dodgy incites kaixing
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reporting that recently many teachers
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have reported that their schools have
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successfully cancelled temporary pension
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subsidies their income has been
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estimated to decrease by about 10 to 15
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percent and in some places it's up to
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forty percent
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for example the annual salary of
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teachers in shenzhen used to be more
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than three hundred thousand yen after
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deducting their income decreased by a
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hundred thousand yen the incident of
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teacher salary reduction in yantai
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economic development zone in shandong
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drew attention their allowances and
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bonuses were deducted and their income
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shrunk on june 15 teachers from more
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than 20 schools in the yantai
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development zone in shandong province
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defended their rights they protested
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against the drastic pay cuts at their
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schools and were violently suppressed by
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the authorities a video shows hundreds
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of teachers chanting slogans and
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demonstrating in front of the yantai
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development district senior high school
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on the same day an open letter by
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teachers circulated on the internet we
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were cheated not only two years without
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performance assessment bonus but also
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back out of 50 000 yen to 100 000 yen
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income we have to accept the fact that
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wages have fallen to the level of a
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dozen years ago there are talents
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introduced to the university in 2020 but
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there is a shortage of two months salary
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the teachers said they had no choice but
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to go on strike in protest they hoped
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that parents would support and
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understand them a resident of the
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development area said that the teachers
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cut their salaries for two reasons first
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the education bureau is now under
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control of the city second the epidemic
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has hit the economy some netizens are
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very worried he asked if there was a
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legal basis to request a refund
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meanwhile some netizens said is this the
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pursuit of stolen goods and money if you
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change it you will change it even the
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salary paid in the past must be
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recovered where is the credibility
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jiongsu jo jiang and shanghai have
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raised the epidemic support funds at the
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same time and have deducted part of the
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wages of civil servants to enrich them
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not only teachers the income of servants
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in other fields also decreased according
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to dodgy yen the annual salary of senior
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civil servants at the division level in
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shanghai has been reduced from 350 000
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yen around 52 000
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to 200 000 yen thirty thousand dollars
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for the chief department level it
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dropped from 150 000 yen about 22 300
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in jujung province the rate dropped
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about 25 percent moreover subsidies of
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civil servants in some areas of
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guangdong and shenzhen have been
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suspended the story that jiaotong
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hospital and yunnan asked doctors to
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return millions of yen is surprising
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according to rfa xiaotong number one
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hospital recently asked doctors to fund
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the night shift fees and performance
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wages for the past five years doctors
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would not be promoted if they didn't
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refund as shown in the picture the
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hospital violated regulations for
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overpaying more than 12 million yen
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around 1.79 million dollars in incentive
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performance wages for on-the-job staff
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and more than 1.46 million yen
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217.5 000 in night shift fees and
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transportation subsidies there is also
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news that the civil service system in
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beijing and tianjin has also completed
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or finalized salary reduction plans with
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recent incidents comments from experts
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and netizens it can be said that china
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is encountering financial issues
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