China’s economic situation looks increasingly precarious. Last year, the Chinese Communist Party (CCP) regime began a regulatory reset that has throttled the country’s economic outlook. Today amid escalating COVID-related lockdowns, depressed consumer and business sentiment, and geopolitical instability, the risk for an economic contraction is clear. Global businesses need to evaluate their China strategy and…
Exports of China’s COVID-19 Vaccines Plunge, Hindering the Regime’s ‘Vaccine Diplomacy’
May 13, 2022
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CansinoCCP VirusChinaChina Business & EconomyChinese RegimecovaxINSIDE CHINAInternationalInternational RelationssinopharmSinovacvaccine diplomacyWorld
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The export of Chinese-made COVID-19 vaccines has dropped significantly this year due to its low effectiveness, especially against new mutations of the virus, hampering the Chinese communist regime’s campaign of “vaccine diplomacy.” At the end of 2020, when the world urgently needed COVID-19 vaccines, China launched its vaccine diplomacy by providing a large number of…
Tesla Shanghai’s Exports Dropped to Zero Under China’s ‘Zero-Covid’ Policy
May 13, 2022
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Asia & PacificCCP VirusChinaChina Business & EconomyChinese RegimeINSIDE CHINAInternationalInternational RelationslogisticsSpecial Topicssupply chainTesla shanghaiWorld
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The Chinese communist regime’s mass lockdowns and extreme COVID-19 control measures have severely affected China’s automobile industry and global supply chain. The Tesla Shanghai factory’s exports in April dropped to zero. An expert believes the situation won’t improve until June. The China Association of Automobile Manufacturers published its April automobile production and sales data on…
China’s Fourth Largest Property Developer Sunac Misses Bond Repayment, Expects to Miss More
HONG KONG—Developer Sunac China missed the deadline for coupon payments on a $742 million offshore bond and said on Thursday it does not expect to make payments coming due on other bonds, adding to a wave of defaults in China’s debt-laden property sector. The company said in a filing to the Hong Kong stock exchange…
Chinese Developers’ Debt Woes Worsen as Sales, Yuan Weaken
HONG KONG—Chinese developer Zhongliang Holdings is scrambling to secure bondholder approval to extend the repayment on notes worth $729 million ahead of a key deadline next week, joining peers desperate to avoid offshore debt defaults. The Shanghai-based company has struggled to sell enough houses amid a sustained property downturn in China or secure refinancing to…
Apple Supplier Foxconn Weathers It All To Report Highest Quarterly Profit In 8 Years
Apple, Inc.’s iPhone assembler Hon Hai Precision Industry Co., Ltd. turned in forecast-beating results for the first quarter, defying the odds that included COVID lockdowns in China, supply challenges, input price inflation and demand slowdown. What Happened Hon Hai, widely known as Foxconn, reported a 5 percent increase in its first-quarter net income to NT$29.45…
Chinese Giant Attempts to Muscle in on Australian Miner’s Lithium Project
May 12, 2022
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AfricaAsia & PacificAustraliaAVZ MineralsBusiness & EconomyChinaChina Business & EconomyChina-Australia Relationscritical mineralsDemocratic Republic of CongoInternationalInternational RelationsInvestmentrare earthWorldZijin Mining
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Australian company, AVZ Minerals, is locked in a legal battle with one of China’s largest miners, Zijin Mining, over an ownership stake that could determine control of one of the world’s largest lithium deposits located in the Democratic Republic of Congo. This is not the first challenge Australian miners have faced from competing Chinese interests…
Disney CEO Admits ‘Difficulty’ in Getting Films to China’s Theaters
May 12, 2022
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Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesdisneyDoctor StrangeeconomyMarvelMedia & Big Techthe epoch timesUSUS NewsUS-China relations
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Disney CEO Bob Chapek spoke of “difficulty” getting films released in China on May 11, after it appears that the latest “Doctor Strange” movie likely won’t be released in China over the appearance of an Epoch Times newspaper box in the film. Speaking during an earnings call, Chapek said the situation in China has been…
Disney CEO Admits to ‘Difficulty’ in Getting Films to China’s Theaters
May 12, 2022
admin
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesdisneyDoctor StrangeeconomyMarvelMedia & Big Techthe epoch timesUSUS NewsUS-China relations
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Disney CEO Bob Chapek spoke of “difficulty” getting films released in China on May 11, after it appears that the latest “Doctor Strange” movie likely won’t be released in China over the appearance of an Epoch Times newspaper box in the film. Speaking during an earnings call, Chapek said the situation in China has been…
Disney CEO Admits to ‘Difficulty’ in Getting Films Released in China
May 12, 2022
admin
Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesdisneyDoctor StrangeeconomyMarvelMedia & Big Techthe epoch timesUSUS NewsUS-China relations
0 Comment
Disney CEO Bob Chapek spoke of “difficulty” getting films released in China on May 11, after it appears that the latest “Doctor Strange” movie likely won’t be released in China over the appearance of an Epoch Times newspaper box in the film. Speaking during an earnings call, Chapek said the situation in China has been…
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