Tag Archive: Communist Government


Christianity Is Exploding In China And The Communist Party Isn’t Happy

 

 

 

 

 

 

” There’s nothing secret about Chongyi Church, one of the largest in China. Its lighted steeple and giant cross penetrate the night sky of Hangzhou, the capital of coastal Zhejiang Province.

  Nearly everything at the church is conspicuously open: the front gate, the front door, the sanctuary, the people, the clergy. Chinese or not, you are welcome seven days a week. No layers of security guards or police exist. Walk right in. Join up. People are nice; they give you water, chat. Do you have spiritual needs? Visit their offices, 9 to 5.

  For China, it is a stunning feeling. Most of the society exists behind closed doors and is tough, driven, material, hierarchical. The country values wealth, power, and secrecy – not to mention that both government and schools officially, at least, promote atheism.

  Yet Chongyi looks and feels like any evangelical mega-church in Seattle or San Jose. There are big screens, speakers blaring upbeat music, coffee bars. The choir is a huge swaying wash of white and red robes. Chongyi seats 5,000 people and holds multiple services on Sunday.

  While Christianity is waning in many parts of the world, in China it is growing rapidly – despite state strictures. The rise in evangelical Protestantism in particular, driven both by people’s spiritual yearnings and individual human needs in a collective society, is taking place in nearly every part of the nation.

  Western visitors used to seeing empty sanctuaries in the United States or Europe can be dumbfounded by the Sunday gatherings held in convention center-size buildings where people line up for blocks to get in – one service after another. In Wenzhou, not far from Hangzhou, an estimated 1.2 million Protestants now exist in a city of 9 million people alone. (It is called “China’s Jerusalem.”) By one estimate, China will become the world’s largest Christian nation, at its current rate of growth, by 2030.”

 

Business Insider

 

 

 

 

 

 

 

 

 

 

Alibaba Set To Price IPO Shares Amid Investor Frenzy

 

 

 

 

 

 

” Chinese e-commerce giant Alibaba Group Holding Ltd. is set to sell some $22 billion of shares on Thursday, capping a two-week road show that drew frenzied interest from investors worldwide and may be the world’s largest ever initial public offering.

  The shares are expected to be priced after the markets close at 4 p.m. Thursday and start trading on the New York Stock Exchange on Friday under the ticker “BABA.”

  Investors, keen to buy into China’s rapid growth and evolving Internet sector, have been clamoring to get shares since top executives at Alibaba, including co-founder and executive chairman Jack Ma, kicked off the road show last week.

  Alibaba, which handles more transactions than Amazon.com Inc. and eBay Inc. combined, boosted the IPO price range to between $66 and $68 a share due to the strong demand.

  At the top end of that range, the IPO would raise almost $22 billion, but if underwriters exercise an option to sell more shares, Alibaba’s market debut will top Agricultural Bank of China Ltd.’s record $22.1 billion listing in 2010.”

 

 

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