China’s tech hub Shenzhen saw its population drop by 19,800, which was the first population drop since the city was established in 1979. An economist believes that the population decline can be attributed to the harsh zero-COVID policy, China’s decoupling from the United States, and the relocation of the industrial chain, which have led to…

An analysis released by the Federal Reserve Bank of New York (FRBNY) on Jan. 6 suggests that China’s current COVID-19 outbreak is slowing the global supply chain’s return to a normal range and negatively impacting neighboring trade partners. The FRBNY first released its Global Supply Chain Pressure Index (GSCPI), a measure of global supply chain…

News Analysis Communist China’s two extreme ways of handling the pandemic—from implementing the previous zero-COVID policy to the current lifting of restrictions without a plan—pose major challenges to the global supply chains. Multinational companies have made concerted efforts to reduce reliance on China’s parts network. They now consider supply chain reliability and flexibility more significant…

After setting up shop in China to take advantage of its cheap, massive labor force, multiple carmakers are now planning to cut off ties with the Asian nation after concerns about supply chains arising from geopolitical tensions and COVID-19 disruptions. The decision by the automakers is driven by two factors. The first is worries about…

News Analysis In a recent economics symposium, Chinese Premier Li Keqiang emphasized the need to stabilize the economy and revealed that China’s current economic situation is “very challenging.” But on June 29, Chinese Communist Party leader Xi Jinping reiterated the “zero-COVID” policy and called the policy important in affecting economic development and advancement. The clash…

Two things have disrupted China’s cross-border freight movement: the Chinese Communist Party’s (CCP) pandemic prevention and control measures and the Russia-Ukraine war. The latest data shows that in the first four months of this year, the number of inbound and outbound freight vehicles was half what it was during the same period last year. The…

Beijing’s practice of arbitrarily shifting regulatory policy is a key political risk for foreign businesses operating in China, the world’s second-largest economy. China economic analyst and Economics professor Antonio Graceffo, who spent over 20 years in Asia, told The Epoch Times that he believes that the widening power outages give foreign companies a fresh impetus…