The latest data from China shows considerable local government debts have grown faster than GDP. Given the opacity of the Chinese Communist Party’s (CCP) official data, it is likely that local government debt is much worse than reported. China’s frequent COVID-19 outbreaks in 2022 have led to production stagnation and economic recession. Pillar industries such as…
China Local Government Debts Grow Faster Than GDP
January 18, 2023
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Yellen and Liu Meet, Agree to Enhance Communication Amid China-US Tensions
January 18, 2023
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Officials from the United States and communist China met in Switzerland on Jan. 18, where they pledged to manage their differences and prevent ongoing competition between the two nations from spiraling into conflict. U.S. Treasury Secretary Janet Yellen met with Chinese Vice Premier Liu He in Zurich for the highest-ranking meeting between the United States…
Major Texas University Blocks Students From Using TikTok on Network
January 18, 2023
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The University of Texas at Austin has banned students from using Chinese-owned TikTok on its Wi-Fi network, in line with Gov. Greg Abbott’s December directive that all state agencies eliminate the cybersecurity risks posed by the video-sharing app. In a message to students on Jan. 17, Jeff Neyland, adviser to the university’s president for technology strategy, said the school is…
‘Made in China’ Continues to Lose Momentum as Pandemic Disrupts Supply Chain
January 17, 2023
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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…
China’s Solar Energy Tycoon Detained by Authorities: Reports
January 16, 2023
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Li Hejun, the founder of China’s solar energy giant Hanergy Thin Film Power Group, was taken away by police in China’s northeastern Liaoning Province on Dec. 17, according to Caixin, a major Chinese financial news portal. Li was detained by police to “assist investigators” and hadn’t been seen as of the time of reporting, Caixin…
Treasury Secretary Yellen and Chinese Vice Premier Liu to Meet Amid Competition for African Influence
January 16, 2023
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Officials from the United States and communist China will meet in Switzerland this week to discuss economic development and work to increase communication between the two nations on economic issues. U.S. Treasury Secretary Janet Yellen will meet Chinese Vice Premier Liu He in Zurich on Jan. 18 as part of an attempt to ease tensions…
World Looking to Canada for Critical Minerals as China Alternative, Says Trudeau
January 16, 2023
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Prime Minister Justin Trudeau touted Canada’s mineral resources while visiting a new rare earth elements processing plant in Saskatoon, saying the country is the perfect alternative to China which has been dominating the market. “People are realizing that this extraordinary transformation that’s going on in our economy towards electric vehicles, towards more high tech, advanced…
Boeing 737 MAX Makes First Passenger Flight in China Since March 2019
BEIJING/SYDNEY—A Boeing Co. 737 MAX made its first passenger flight in China in nearly four years on Friday. The China Southern Airlines Co. Ltd domestic flight from Guangzhou to Zhengzhou departed at 0445 GMT using a MAX plane, according to flight tracking website FlightRadar24. The best-selling Boeing model was grounded in March 2019 after fatal…
Biotech, Clean Energy Sectors in China Face Uncertain Future, Insider Says
January 14, 2023
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News Analysis China’s biotechnology and clean energy sectors may be the next targets of U.S. sanctions, according to the president of a high-tech corporation in Japan. Such sectors will probably face a downturn following China’s hard-hit semiconductor industry, the president, who for security reasons only wanted to be identified as Desen, told The Epoch Times…
LME’s Plan to Restart Asian Trading Halted Amid Nickel Chaos
January 13, 2023
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On Jan. 10, the London Metal Exchange (LME), owned by Hong Kong Exchanges and Clearing Ltd. and located in London, England, released the final report of an independent investigation into last year’s nickel meltdown. On Jan. 12, the media revealed that UK regulators had questioned the LME’s ability to halt its plans to restart Asian trading…
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