Category: China Business & Economy

China Changed Supply Chain Strategy With Russia 3 Months Ahead of Ukraine Invasion, Suggesting It Had Foreknowledge: Analyst

March 4, 2022
Asia & PacificBusiness & EconomyChinaChina Business & Economycrude oileconomic policiesEuropeEurope-China RelationsInternationalInternational RelationsinvasionRussiaRussia-Ukraine WarsanctionUkraineUSUS NewsWorld
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Around three months ago, China changed how it ordered goods from Russia in a way that would insulate Beijing in the event of Western sanctions on Moscow, according to a supply chain analyst citing insider information. This move suggested that China had foreknowledge of Russia’s plan to invade Ukraine, and had made contingencies to ensure…

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Trade Is Surging Between China and Russia

March 4, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & EconomyEurope-China RelationsInternational RelationsOpinionRussiaThinking About Chinatrade
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News Analysis China and Russia are drawing closer and rapidly. That was happening even before the West imposed sanctions on Russia over the invasion of Ukraine. But now that China seems willing to take at least some of what Russia may no longer be able to sell in Europe and elsewhere, bilateral trade between the…

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China’s Imperiled Local Government Sector

March 4, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & Economydebtlocal governmentOpinionThinking About China
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Commentary Many of China’s local authorities are staring down a severe fiscal challenge this year. The typically robust real estate sector has instead been a big disappointment. The country’s ongoing property market slump has hit local government revenues. We’ve previously pointed out land sale revenues as being a major component of local budgets, and China’s…

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China-backed Infrastructure Banks Halt Lending to Russia, Belarus Over War in Ukraine

March 4, 2022
aiibChinaChina Business & EconomyEuropeInternational RelationsRussiaRussia-Ukraine WarSpecial TopicsUkraineWorld
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The Asian Infrastructure Investment Bank has decided to put all activities relating to Russia and Belarus “on hold” due to the war in Ukraine, the China-backed institution said on March 3. The announcement comes a day after China’s top banking regulator said the country would keep up normal trade with Russia and Ukraine amid Western…

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China Is Hoarding Commodities

March 4, 2022
ChinaChina Business & EconomyEurope-China RelationsInternational RelationsOpinionRussiasanctionsThinking About ChinaUS-China relations
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News Analysis America and Europe surprised Chinese and Russian bankers. In retaliation against Russia’s invasion of Ukraine, they froze about $630 billion worth of Russian foreign reserves on Feb. 26. Moscow suddenly couldn’t utilize the hard currency reserves that it thought it possessed. It likely planned to use the billions to defend the ruble on…

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Chinese Communist Party Wants Isolated Russia to Become Dependent on Beijing: Expert

March 4, 2022
CCPChinaChina Business & EconomyChinese RegimeEuropeEurope-China RelationsFinance & Business TiesGlobal ExpansionInternational RelationsPutinRussiaRussia-Ukraine WarsanctionsSpecial TopicsWorldXi
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The Chinese Communist Party (CCP) hopes to capitalize on Russia’s current isolation by rendering it more dependent on Beijing, according to one expert. To achieve that goal, however, Beijing will need to provide Russia with assistance that flies under the radar of Western nations, which has leveled a slew of sanctions on Moscow over its…

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Hong Kong’s ‘Zero-COVID’ Policy Accelerates Exodus of Talent and Capital

March 4, 2022
capital outflowChinaChina Business & EconomyHK BusinessHong KongHong Kong Exoduszero-COVID
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Hong Kong’s “Zero-COVID” policy, following mainland China’s lead, has hit the local economy by making many Hong Kongers worry about their future and causing a massive outflow of both talent and capital. A large number of residents have left Hong Kong since the city implemented Beijing’s National Security Law in July 2020. The exodus has…

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US Demands ‘Immediate Rectification’ From HSBC Over Frozen Accounts of Hong Kong Activists

March 4, 2022
Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompaniesHong KongHSBC HoldingsUnited StatesUSUS-China relationsWorld
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A bipartisan group of U.S. lawmakers has demanded clarification from HSBC Holdings Plc over the freezing of accounts of Hong Kong activists and restrictions on the accounts of American citizens, urging the bank to make “immediate rectification” of such acts. The group of six U.S. senators and members of the Congressional-Executive Commission on China issued…

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China to Lose its ‘Belt and Road’ Strategic Interests If Russia Seizes Ukraine: Expert

March 3, 2022
Belt and RoadChinaChina Business & Economysino-russianUkraineWorld
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While refusing to condemn Russia’s invasion of Ukraine, the Chinese Communist regime actually fears that its major strategic interests in Europe will be undermined if Russia takes over Ukraine, experts said. The Chinese Communist Party (CCP) has long regarded Ukraine as a bridgehead of its Belt and Road Initiative (BRI), the CCP’s infrastructure expansion program,…

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China’s ‘Carbon Neutral’ Olympics Was ‘Theater,’ Distraction From Nation’s Much Bigger Environmental Problems: Analysts

March 3, 2022
BeijingChinaChina Business & EconomyChinese RegimeclimateClimate PoliciesSochi 2014 OlympicsSpecial TopicsUS-China relations
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The Chinese regime may have used the Winter Olympics to signal an interest in clean energy, but critics suggest the event’s purported “carbon neutrality” is mere theater amid a record of sizeable fossil fuel consumption. “It’s a bunch of theater really,” said Riley Walters, an expert on East Asia at the Hudson Institute, a Washington-based…

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