China's entertainment and technology company Tencent Holdings Ltd on May 18, registered the worst profit drop since it went public. The Wall Street Journal (WSJ) commented that the heyday of booming Chinese consumer tech has passed away. The behemoth was one of the very few that remained after the major regulatory blows from the Chinese government.

An analysis of satellite photographs by Nikkei Asia with experts suggests that Beijing is preparing for a possible battle with Taiwan.

According to Bloomberg, the entire civil aviation industry in China incurred a massive loss of 84.25 billion yuan (12.5 billion dollars).  

As Apollo reported, although this figure is 18.71 billion yuan (2.8 billion dollars) less than 2020, it presents two consecutive years of loss for the mainland aviation industry. 

Chinese diplomat Yang Jiechi told National Security Advisor Jake Sullivan on May 18 by phone, “If the U.S. side insists on playing the Taiwan card and goes further and further down the wrong road, it will certainly lead the situation to a dangerous point."

Recently, a female student named Wang Moumou from Zhengzhou University in Henan sneaked out to meet her boyfriend on May 1. A few days later, that student tested positive for COVID. She was expelled from the school for violating epidemic prevention regulations. The incident then attracted public attention.

During a meeting held by the Ministry of Public Security's Party Committee, secretary of the Party Committee Wang Xiaohong emphasized the need to purify the political ecology and resolutely eliminate the influence of political parties, especially Sun Lijun's group.

Several clips showing many areas across China growing crops, potatoes on cement floors or even on basketball courts have recently widely circulated on the Internet.

A Shanghai resident called China's hotline 12345 on May 18 to announce she accidentally discovered a grave mistake in the Covid nucleic acid testing procedure.

Israeli-American cybersecurity company Check Point said in a report on Thursday, May 19, that it had discovered attempts from Chinese state-owned hackers to extract defense information from Russia.

Due to the rapid development of modern society and the fact that the mainland is under so many policies, the involution, which refers to fierce competition, is profound. According to Sina Finance, Yu Minhong, stated that young people on the mainland now have few to no options.

On May 20, the Jingcheng 靖城 Second Residential Committee announced that a resident named Wen Mou 闻某 had attacked Zhang Mou 张某, the residential committee secretary. The incident happened after the resident sought permission to go outside for medical treatment. The resident suddenly attacked the official at his neck with a knife.

Caixin reported that Lu Feng, a professor at Peking University, said in a seminar on May 18 that China's youth unemployment rate in April far exceeded that of the U.S and Europe. 

Chinese censorship deleted a live interview at a railway station in Shanghai after its brief appearance on Weibo on May 17. The reason authorities target it lies in how the interviewee answers the reporters more than ordinary questions.

According to Reuters, many international schools in China face understaffing as teachers are trying to leave the country due to Beijing's strict Covid-fight measures.

The Chinese government is facing mass protests from all walks of life and in different cities.

In two separate conferences held this week on May 18 and 19, Chinese President Xi Jinping called for stabilizing foreign investment while Chinese Premier Li Keqiang stressed the importance of strengthening economic confidence upon current uncertainties.

According to the China Earthquake Networks, an earthquake of magnitude 4.8 occurred in Hanyuan 汉源 County, Ya'an 雅安 city, on May 20. The city belongs to China’s southwest Sichuan 四川 province.

As NTD reported, the Covid epidemic in Tianjin, one of China's four centrally-run cities, is showing signs of worsening. On May 19, the Beichen district announced new stricter anti-epidemic measures.

The government notice asks residents to "not leave the property unless absolutely necessary." If there is a special need to leave the residential area, people must apply for a permit.

Depositors at several banks in China have been worried of losing money after they cannot withdraw money from these financial institutions. The Chinese regulator explained that they have been under investigation.