New Analysis Amid a grim outlook of the Chinese economy, particularly its technology sector, foreign investors have been cashing out their gains on Chinese stocks, fearing their values might plummet further. Meanwhile, some investors have turned their attention to Taiwanese tech firms. Berkshire Hathaway, Warren Buffett’s investment firm, has reduced its holdings of BYD, a…
Investors Worldwide Further Reduce Stakes in Chinese Tech Firms, Some Shift Investment to Taiwan
December 26, 2022
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AlibabaBerkshire HathawayBusiness & MarketsBYDChinaChina Business & EconomyCompaniesFoxconnInflation Reduction ActInvestmentSoftbankTaiwantariff evasionTencentTsinghua UnigroupTSMCWarren Buffet
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China’s Zero-COVID Policy a Shield for Windfall Revenues for Local Governments, Gene Companies
December 25, 2022
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CCP VirusChinaChina Business & EconomyINSIDE CHINAlockdownnucleic acid testingSpecial Topicszero-COVID
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News Analysis Two crucial pillars of the Chinese Communist Party’s (CCP) zero-COVID policy, intensive testing and lockdowns, have formed a huge chain of interests that have depleted the state treasury and sacrificed people’s livelihoods, according to China expert Henghe. Since the beginning of December, China has lifted its zero-COVID restrictions and a new wave of the epidemic…
Chinese Shareholders Rush to ‘Cash Out’ as CCP Tries to Prevent Capital Flight
December 25, 2022
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Asia & Pacificcapital flightChinaChina Business & EconomyChina economic downturnchina economic risksWorld
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News Analysis Guangdong DP Co., Jinke Property Group, and Country Garden Service Holdings all announced massive stock sell-offs in November and December. The Chinese companies are just the latest to announce major sell-offs. Experts speculate that the stock sales are part of an increasing trend by China’s super wealthy to cash out and leave the…
Declining US Retail Sales Weakens Chinese Export Growth
U.S. retail and food service sales fell 0.6 percent in November (pdf), twice the expected decline and the biggest monthly drop this year. As the largest importer of Chinese goods, lower consumption in the United States directly affects China’s exports. China’s cumulative export growth in the first 11 months this year is about 30 percent…
Senate Finance Committee Demands Answers From Automakers on Possible Ties to Xinjiang Forced Labor
The Senate Finance Committee has launched a probe into whether leading automakers are using materials made with forced labor from China’s far west Xinjiang region, where the Chinese regime is engaging in a systematic campaign of repression on Uyghurs and other ethnic Muslim minorities. Democrat Sen. Ron Wyden of Oregon, who chairs the Senate Finance…
Taiwan’s Chipmaker TSMC Says ‘No Plans’ for German Expansion Yet
December 23, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyCompaniesTaiwanTaiwan Semiconductor Manufacturing CoTSMCWorld
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Taiwan Semiconductor Manufacturing Company (TSMC) said it has no plans to expand in Germany yet, following reports that the firm was in discussions with suppliers about potentially building its first European plant. The Financial Times earlier reported that TSMC, the world’s largest contract chipmaker, is in “advanced talks” with suppliers to build a plant in…
Putin Oversees Launch of Siberian Gas Field Feeding Pipeline to China
December 23, 2022
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Business & MarketsChinaChina Business & EconomyeconomyEuropeEurope-China RelationsfieldGasInternational RelationsPutinsiberianWorld
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Russian President Vladimir Putin presided over the launch of a major new Siberian gas field on Wednesday to help drive a planned surge in supply to China. The Kovykta gas field will feed into the Power of Siberia pipeline carrying Russian gas to China. With recoverable reserves of 1.8 trillion cubic meters, it is the…
‘This Regime Needs to Go’: Enes Kanter Freedom Blasts Communist China
December 22, 2022
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American Thought LeadersATLCCPChinaChina Business & EconomyChina Human RightsEnes Kanter FreedomFinance & Business TiesGlobal ExpansionInfiltrating the WestInternational Relationssocial controlSocial IssuesSpecial TopicsUSUS NewsUS-China relations
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NBA star Enes Kanter Freedom is speaking out against the tyranny of China’s communist regime and the myriad U.S. business interests that give it cover. “I say ‘this regime needs to go’ because they’re violating so many human rights,” Freedom said during a wide-ranging interview with Jan Jekielek on “American Thought Leaders.” “There is no…
ByteDance Used TikTok to Spy on US Journalists: Report
December 22, 2022
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BytedanceCCPChinaChina Business & EconomyespionageFinance & Business TiesInfiltrating the WestInternational RelationsNational SecuritySpecial TopicstechnologyThreat from Communist ChinaTikTokUSUS-China relations
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An internal investigation has revealed that Chinese company ByteDance, which owns TikTok, used the company’s access to user data to improperly track American journalists, according to media reports. A Dec. 22 report by Forbes revealed that an internal ByteDance investigation, conducted by an outside law firm, found that employees tracked multiple journalists who were responsible for…
Abbott Withdrawing Infant Formula From China Amid Declining Birth Rates
December 22, 2022
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baby formulaBusiness & MarketsChinaChina Business & EconomyChina low birth ratesCompaniesSocial Issues
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News Analysis After 24 years in China, Abbott, the largest U.S. supplier of infant formula, has decided to pull out a significant part of its operations from China. In recent years, the number of newborns in China has dropped significantly while more and more foreign companies are moving their supply chains out of the country….
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