Category: China Business & Economy

German Chancellor Visits Beijing Amid Questions Over Decoupling

November 6, 2022
Annalena BaerbockAsia & PacificChinaChina Business & EconomyChina Human RightsChinese RegimeEuropeEurope-China RelationsGermanGlobal ExpansionInfiltrating the WestInternational RelationsScholzSpecial TopicsWorldXi Jinping
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German Chancellor Olaf Scholz met with the head of the Chinese communist regime in Beijing during his Nov. 4 visit that focused on business ties, drawing criticism at home and also from the international community. Scholtz, who was leading a group of CEOs from German companies on the trip, was the first foreign leader to meet with…

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There is No Remedy for China’s Sinking Economy

November 5, 2022
ChinaChina Business & Economymacro economyPMISME
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It is obvious that China’s economy continues to decline and market demand is weak. The Manufacturing PMI (Purchasing Managers’ Index) released by the National Bureau of Statistics (NBS) recorded 49.2 in October, down 0.9 percentage points, contracting again; the Services Business Activity Index and the Composite PMI Output Index both plunged 1.9 percentage points, recording…

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China Evergrande Chairman’s Hong Kong Mansion Seized by Bank

November 4, 2022
chairmanChinaChina Business & EconomydebtevergrandeHK BusinessHong KongHui Ka Yan
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HONG KONG—A mansion belonging to embattled China Evergrande Group’s chairman in Hong Kong’s prestigious The Peak residential enclave has been seized by lender China Construction Bank (Asia), records from the Land Registry show. The bank appointed receivers to take over the 5,000 sq ft (465 sq m) mansion on Nov. 1, according to a filing….

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US and Global War on Farmers Intensifies Amid Food Shortages

November 4, 2022
Asia & PacificBusiness & MarketsChinaChina Business & EconomycongressDefending Americaeconomic policieseconomyenergyEnvironmentEuropefarmFeatured TopicsFoodGold and CommoditiesInternationalInternational RelationsMarketsPolicies & ImpactsPoliticsRepublicansScienceThreat from Communist ChinaUnited NationsUSUS-China relationsWorldWorld Economic Forum
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News Analysis The effects of what critics have described as a global “war” on farmers and ranchers are becoming more apparent. But even as food shortages intensify, governments including the Biden administration are cracking down harder on agricultural production. Experts and lawmakers who spoke to The Epoch Times warned that it was time to rein…

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Huawei Lobbyist Gives Thousands to Democrats’ Midterm Campaigns

November 3, 2022
2022 Midterm ElectionsCCPChinaChina Business & EconomyChinese RegimecongressDemocratselectionsFinance & Business TiesGlobal ExpansionHuaweiMidtermsPoliticsSpecial TopicsThreat from Communist ChinaUSUS NewsUS-China relations
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A lobbyist for a Chinese company deemed a national security threat has donated thousands of dollars to at least eight Democratic congressional campaigns. Thomas Green, senior counsel at multinational law firm Sidley Austin and top lobbyist for Chinese telecom giant Huawei, personally contributed more than $10,000 across eight Democratic campaigns in the last month, according…

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Amid Financial Turmoil, China’s Local Governments Issue Bonds in Hong Kong

November 3, 2022
ChinaChina Business & EconomyChina economyforeign capitalHK BusinessHong Kong
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The governments of China’s Hainan Province and the city of Shenzhen announced last month that they would issue up to 5 billion yuan (about $700 million) of offshore bonds in Hong Kong. China’s local governments, under financial stress, are using Hong Kong to access overseas funds, experts believe. However, Hong Kong’s economic outlook is not…

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Long Walk Home: Workers Fleeing Foxconn Are Both Impeded and Helped on Their Way

November 3, 2022
CCP VirusChinaChina Business & EconomyExodusFoxconnINSIDE CHINAlockdownsocial controlSpecial Topics
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Large groups of young people can be seen walking in fields and on highways, with suitcases and carrying bags, as they head for home. Video footage of their trek has gone viral in China and abroad, despite the Chinese regime’s strict censorship. Some are seen walking through the gates of once-shut fences, and some are…

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Chinese Stocks Tumble to Multi-Year Lows Due to CCP Congress

November 3, 2022
Business & MarketsChinaChina Business & EconomyHK BusinessHong KongHSIMarketsNASDAQNYSEstocks
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After the end of the 20th National Congress of the Communist Party of China (20th NC of CCP) last week, the collective slump in Chinese concept stocks has brought huge returns to investors who shorted the stocks. Traders made a profit of up to 4.4 billion US dollars in short-selling transactions on Oct. 24 and…

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China’s New Economic Plan: State-Owned Enterprises Must Form Giant Monopolies

November 3, 2022
ChinaChina Business & Economychina planned economyChinese Regimechinese state-owned enterprisesMike Sun
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Chinese state-owned enterprises (SOE) and conglomerates are expanding and establishing new regional headquarters across China. It appears that the Chinese Communist Party (CCP) wants to strengthen its SOEs and monopolize various sectors of the economy. These efforts are devastating China’s small businesses and making it harder for foreign firms to compete. In recent years, the…

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Hong Kong Is Not Back but Gone

November 3, 2022
ChinaChina Business & EconomyChinese RegimeHong KongHong Kong Global Financial Leaders’ Investment SummitOpinionThinking About China
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Commentary The so-called Global Financial Leaders’ Investment Summit was held this week. China experts know well that “contrarian theory” is needed to thoroughly understand China: What the Chinese Communist Party (CCP) or its mouthpiece emphasizes is often already lost. The same is true for the international status of Hong Kong. All sources of information suggest…

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