Category: China Business & Economy

Businesses Holding Onto False Hope Regarding China

April 10, 2023
AustraliaAustralia-China tradeBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsCPTPPeconomic policiesInnes WilloxInternationalInternational RelationsJennifer WestacottOpinionThinking About ChinaViewpointsWorldXi Jinping
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Commentary How naïve. It was reported last week that the Business Council of Australia (BCA) and the Australian Industry Group (Ai Group) were open to China joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The CPTTP is a trade agreement established in 2018 between 11 Pacific nations including Australia. China is the next application…

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Baidu Sues Apple, App Developers Over Fake Ernie Bot Apps

April 9, 2023
AIapplebaiduBusiness & MarketsChinaChina Business & EconomyCompaniesErnieMedia & Big TechsueTechTech Newstechnology
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SHANGHAI—Chinese search engine giant Baidu has filed lawsuits against “relevant” app developers and Apple Inc. over fake copies of its Ernie bot app available on Apple’s app store. The company’s artificial intelligence powered Ernie bot, launched last month, has been touted as China’s closest answer to the U.S.-developed chatbot ChatGPT. Baidu said it had lodged…

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Massive Number of Waste PV Panels in China Raising Concerns Over High-Cost of Recycling, Environmental Pollution

April 8, 2023
ChinaChina Business & EconomyphotovoltaicspollutionPV panelsRecyclingSocial Issuessolar paneltechnology
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China is facing a recycling challenge and environmental strain caused by large numbers of end-of-life solar panels after a decade of rapid photovoltaic (PV) industry expansion. Over the years, China has been scrambling to increase its PV production and ignoring uneven adherence to technology standards. As a result, massive numbers of solar panels become out-of-service…

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Big Four Accounting Firms Out of Favor in China: Deloitte’s Beijing Office Penalized

April 8, 2023
big fourChinaChina Business & EconomyChinese RegimedeloitteHuarongPCAOBRYB EducationThreat from Communist ChinaU.S. Securities and Exchange Commission (SEC)US-China relations
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News Analysis Deloitte, the accounting firm that was fined $20 million by the U.S. Securities and Exchange Commission (SEC) for shielding Chinese companies from U.S. oversight, has been hit with a fine of more than $30 million by the Chinese Communist Party (CCP). How did Deloitte find itself in this awkward position between the two…

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CCP’s Revamped ‘Down to the Countryside’ Movement Doomed to Failure: Experts

April 7, 2023
ChinaChina Business & EconomyChina unemployment rateChinese RegimeCultural RevolutionDown to the CountrysideSocial Issues
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News Analysis Chinese state media has recently published numerous articles encouraging urban youth to “revitalize the countryside.” China experts believe that the Cultural Revolution has returned, although in a form that may not be immediately recognizable. Amid China’s struggling economy and high unemployment, the Chinese Communist Party (CCP) is attempting to allure young people to…

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No ‘Third Way’ for EU, Experts Warn, as Macron Meets Xi in Beijing

April 7, 2023
Asia & PacificChinaChina Business & EconomyChinese RegimeEmmanuel MacronEUEuropeFranceGlobal ExpansionInfiltrating the WestInternational RelationsRussiaSpecial TopicsThird WayUkraineUrsula von der LeyenUSUS-China relationsWorld
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French President Emmanuel Macron is visiting Beijing in a bid to improve economic cooperation with the Chinese communist regime—and to ask for China’s help in de-escalating the Russia-Ukraine war. Observers have pointed out that Macron’s pursuit of cooperation with the ruling Chinese Communist Party (CCP) is somewhat idealistic. Macron has consistently attempted to take the…

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IMF Director Says Africa Needs More Loans to Fix Debt Problem

April 6, 2023
AfricaArchivedBusiness & MarketsChinaChina Business & EconomydebtIMFInternationalLoansNewsWorld
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During a speech today for the 2023 Spring Meetings of the International Monetary Fund (IMF) and the World Bank Group in Washington, IMF director Kristalina Georgieva acknowledged that Africa is facing a “tremendous financial crunch” and is “being held back by unsustainable debt built over the years.” However, her solution to the problem is not…

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China Sees Wave of Large Private Companies Broken Up, Listed on Stock Exchanges

April 6, 2023
AlibabaAlibaba's IPOAsia & PacificBusiness & MarketsChinaChina Business & EconomyChina's economic policieschinese economic downturnChinese RegimeHK BusinessHong KongHong Kong Stock Exchangeinitial public offeringJack MaJD.comjingdongMarketsNYSErecessionSocial Issuesstocksthe New York Stock ExchangeUS-China relationsWorld
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Several large Chinese companies have recently been restructured for listing on the stock exchange, with most of them privately owned. Days after Alibaba’s restructuring was announced, Jingdong (JD.com), another Chinese e-commerce platform, announced on March 30 that its sub-companies JD Industrial and JD Production and Development will be spun off and listed on the Hong…

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Former Chinese Banking Regulator Accused of Graft, Serving as a ‘Revolving Door’

April 6, 2023
ChinaChina Business & EconomyChina corruptionChina Evergrande Groupchina's communist regimeChinese Communist PartyChinese RegimecorruptionEvergrande debt crisisInside CCP OfficialdomLiaoningSpecial Topics
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China’s communist regime recently expelled a former executive regulator of small and medium-sized banks from the Chinese Communist Party (CCP). After a “fleeing resignation” from her official post, the anti-graft probe accused her of being a typical example of a “revolving door”—an official active in the fields of both politics and business, and aiming to profit…

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PREMIERING NOW: Will the Trump Indictment Survive a Motion to Dismiss? | The Larry Elder Show | Ep. 149

April 6, 2023
ChinaChina Business & EconomyChina’s YuanChinese RegimeDefending AmericaDonald TrumpeconomyEpochTVFeatured TopicsFinance & Business TiesGlobal ExpansionHush Money PaymentInfiltrating the WestinflationLive Videosmanhattan daManhattan District Attorney Alvin BraggMichael CohenSpecial TopicsStormy DanielsThe Larry Elder ShowThreat from Communist ChinaTrump arraignmentTrump ArrestTrump indictmentU.S. debtU.S. dollarUSUS NewsUS-China relationsVideoWorld currencyyuan currency
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Former President Donald Trump’s indictment in New York City is a “sad day for American justice” and should be dismissed on legal grounds, according to legal analyst, Paul Kamenar. Kamenar is the lead counsel for the National Legal and Policy Center. He joins Larry Elder to discuss the Trump indictment. The charges brought by Manhattan…

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