New Zealand Prime Minister Jacinda Ardern said she needs to be able to raise areas of concern with Chinese leader Xi Jinping without the country being on the receiving end of retaliation. The comments come ahead of her expected meeting on Nov. 18 with Xi on the sidelines of the Asia-Pacific Economic Cooperation (APEC) forum…
We Must Be Able to Raise Concerns Without ‘Retaliatory Acts’: New Zealand PM to Meet Xi
November 18, 2022
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anthony albaneseAsia & PacificAustraliaBusiness & MarketsChinaChina Business & EconomyChina-Australia Relationseconomic policiesInternationalInternational RelationsJacinda ArdernNew ZealandWorldXi Jinping
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UK Government Orders Chinese Firm to Sell Acquired Welsh Semiconductor Plant
November 17, 2022
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Business & MarketsChinaChina Business & EconomyChineseCompanieseconomyEurope-China RelationsFinance & Business TiesInfiltrating the WestInternational RelationssemiconductorSpecial TopicsUKWeslhWorld
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The UK government on Wednesday ordered a Chinese company to sell most of a Welsh semiconductor plant it had acquired, ruling the takeover breached national security laws. The Department for Business, Energy and Industrial Strategy (BEIS) issued a notice of final order (pdf) telling Nexperia BV to sell at least 86 percent of Nexperia Newport Limited…
Wealth of China’s Richest Plunges by 39 Percent in 2022
November 17, 2022
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Forbes recently released China’s Richest 2022. Among the top 100 richest people, 79 of them saw their wealth fall. The biggest wealth drop since Forbes’ records began with a drop of 39 percent—from $1.48 trillion in 2021 to $907.1 billion in 2022. At the same time, the “Hurun China Rich List” also shows that the…
Taiwan’s Exports to China Hit New Low as Chinese Economy Weakens
November 16, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyClean Networkeconomyhigh inflationHong Konginterest rate hikessupply chainTaiwanTaiwan Exportstrade surplusUS-China relationsweakening economyWorld
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In October, Taiwan’s exports to mainland China and Hong Kong fell 9.2 percent from a year earlier, the lowest in nearly 20 months, the Ministry of Finance (MOF) said on Nov. 8. Beatrice Tsai, director-general of the MOF Department of Statistics, said the numbers are indicators of China’s weakening economy. Meanwhile, Taiwan’s trade surplus from…
China’s Diplomatic Thaw Doesn’t Bring Relief From Economic Coercion: Australian PM
November 15, 2022
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anthony albaneseAsia & PacificAustraliaAustralia-China RelationsChinaChina Business & EconomyChina Human RightsChina-Australia Relationseconomic sanctionsInternational RelationsWorldXi Jinping
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Australian Prime Minister Anthony Albanese has warned the country’s exporters that it may take a long time before China removes its $20 billion (US$13.5 billion) trade sanctions on Australia. The warning comes after the Albanese met with Chinese leader Xi Jinping on Nov. 15 on the sidelines of the G20 summit in Bali. Speaking at…
Beijing’s Diplomatic Thaw Doesn’t Bring Relief From Economic Coercion: Australian PM
November 15, 2022
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anthony albaneseAsia & PacificAustraliaAustralia-China RelationsChinaChina Business & EconomyChina Human RightsChina-Australia Relationseconomic sanctionsInternational RelationsWorldXi Jinping
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Australian Prime Minister Anthony Albanese has warned the country’s exporters that it may take a long time before China removes its $20 billion (US$13.5 billion) trade sanctions on Australia. The warning comes after the Albanese met with Chinese leader Xi Jinping on Nov. 15 on the sidelines of the G20 summit in Bali. Speaking at…
TikTok is a National Security Threat: FBI Director Wray
November 15, 2022
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Big Tech, Censorship, and SocialismCCPChinaChina Business & EconomyChinese RegimeChristopher WrayDefending AmericaFBIFeatured TopicsFinance & Business TiesGlobal ExpansionInternational RelationsNational SecuritySpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaTikTokUSUS-China relations
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Big Tech, Censorship, and SocialismCCPChinaChina Business & EconomyChinese RegimeChristopher WrayDefending AmericaFBIFeatured TopicsFinance & Business TiesGlobal ExpansionInternational RelationsNational SecuritySpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaTikTokUSUS-China relations
Social media giant TikTok presents a unique threat to U.S. national security due to its ties to communist China, according to FBI Director Christopher Wray. Speaking during a hearing of the House Homeland Security Committee, Wray said that TikTok, which is owned by Chinese company ByteDance, poses significant national security concerns to the United States….
China’s Retail Sales Slide Into Negative Territory as Economy Suffers Broad Slowdown
The Chinese economy is showing signs of faltering, with the latest retail sales data falling for the first time in five months and factory output growing slower than expected. Retail sales fell by 0.5 percent in the month of October after rising by 2.5 percent in the previous month. This was the first decline in…
Numerous Chinese Property Tycoons Fell from Hurun 100 Richest List
Amid China’s sinking real estate market, a number of industry tycoons were dropped from this year’s Hurun 100 Richest People List, released on Nov. 8. Among them, the wealth of Evergrande’s Xu Jiayin shrank sharply to 30 billion yuan (about $4.22 billion), putting him in 172nd place on the list. The wealth of Yang Huiyan…
China’s Zero-COVID Policy Impacts Luxury Hotel Industry
Amid China’s ongoing zero-COVID policy, foreign business travelers are avoiding China and a growing volume of luxury hotel apartments are vacant. A severe downturn in occupancy rates during the three-year epidemic is forcing hotel owners to sell or transfer assets. Foreign business travel to and from China has dropped a staggering amount since the pandemic…
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