Category: China Business & Economy

Executive With Beijing-Led Infrastructure Bank Resigns, Says AIIB Dominated by Communist Party Members

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimePrime Minister Justin TrudeauWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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Canadian Executive With Beijing-Led Infrastructure Bank Resigns, Says AIIB Dominated by CCP Members

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimePrime Minister Justin TrudeauWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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Canadian Executive Quits Beijing-Led Infrastructure Bank, Citing CCP Control

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimeWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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Canadian Executive Quits Beijing-Led Asian Infrastructure Investment Bank, Citing CCP Control

June 14, 2023
Asian Infrastructure Investment BankCanadaChina Business & EconomyChina NewsChinese Communist PartyChinese RegimeWorldXi Jinping
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The global communications chief for the Asian Infrastructure Investment Bank (AIIB) has announced his resignation, saying in a statement on June 14 that the bank is being controlled by “Communist Party hacks” and that Canada’s best interests are not served by being a member. “As a patriotic Canadian, this was my only course,” said executive…

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China’s Youth Unemployment Will Worsen in the Coming Years: Experts

June 14, 2023
China Business & EconomyChina Newsgraduatesmigrant workersSocial Issuesunemploymentyouth
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China has hit a record-high youth unemployment rate. A Chinese researcher warned in his recent analysis that the unemployment figure may surge further in the coming three years. “In general, from now until 2030, it will be the most challenging period for employment since China’s reform and opening up,” writes Wang Mingyuan, a researcher at a…

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ANALYSIS: Beijing’s Land Finance Policy at an Impasse as Revenue From Land Sales Plummets

June 14, 2023
ChinaChina Business & EconomyChina NewsChinese Regime
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China’s land finance policy has plunged into its most severe crisis in nearly 30 years, resulting from a prolonged housing market downturn and a drastic reduction in local revenues, experts have observed. Land finance can be seen as part of Tax-Sharing Reform, a fiscal and tax distribution system between the central and local authorities, implemented by…

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CCP Tightens Control Over Chinese Economy

June 13, 2023
central planningChina Business & EconomyChina NewseconomyHe LifengOpinionThinking About ChinaXi Jinping
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Commentary The Chinese Communist Party (CCP) intensifies control over the economy with a new vice premier and new supervisory bodies. Under Xi Jinping, the CCP has continuously tightened its grip on the economy, including finance and banking. Now, newly-appointed Vice Premier He Lifeng and several new party-led bodies will ensure the country’s financial system aligns…

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China’s Yuan Breaks Key Level of 7 Against US Dollar as Exports Tumble

June 13, 2023
China Business & EconomyChina Newsdevaluation of RMBexchange rateFrank Tian XieRMB exchange rate
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China’s latest official import and export figures fell short of expectations, with exports falling in May. After “breaking 7” against the U.S. dollar last month, the yuan exchange rate fell below 7.15 on June 8. A financial expert told The Epoch Times that the yuan’s depreciating value is an inevitable consequence of China’s weak exports,…

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Netherlands to Screen Foreign Doctoral Students in Tech Fields, Citing Security Risks

June 13, 2023
arms raceChinaChina Business & EconomyChina NewsChinese RegimeChinese studentsCSCEuropeEurope-China RelationsFinance & Business TiesGlobal ExpansionInfiltrating the WestInternational RelationsNetherlandsSpecial TopicsTech CompetitionWorld
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The Netherlands is citing possible security risks as it ponders legislation that would see screening of international students who intend to pursue doctoral studies in technical professions, a spokesperson for the Education Ministry announced on Monday. The move is the most recent step taken by the Dutch government to hinder Chinese entities and students from accessing Dutch…

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IN-DEPTH: Can India Replace China as Global Manufacturing and Economic Powerhouse?

June 13, 2023
CCP VirusChinaChina Business & EconomyChina NewseconomyIndiaWorld
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Amidst increasing aggression by communist China that threatens the existing global order, India is one democratic nation that’s widely seen as an emerging power and a balancer against China. The resilient Indian economy has created hope and, with manufacturing companies looking for factory floors outside of China, there’s a lot of buzz in the global…

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