Category: China Business & Economy

Gov. Whitmer Defends Offering $715 Million to CCP-Linked Company

October 28, 2022
CCPChinaChina Business & EconomydixonFinance & Business TiesGlobal ExpansionInternational RelationsLocal NewsMichiganRegional-Local Newssocial controlSpecial TopicsThreat from Communist ChinaUSUS-China relationsWhitmer
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The governor of Michigan did not contest an accusation by her challenger that she cemented business ties with the Chinese Communist Party (CCP) as part of her effort to develop Michigan’s economy and defended the move as an effort to increase economic development. The exchange between Democratic Gov. Gretchen Whitmer and Republican challenger Tudor Dixon…

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Expert Does Not Believe Policy Will Solve China’s Real Estate Bubble

October 27, 2022
ChinaChina Business & Economyhousing reformInternational Relationsmortgage boycottsproperty developers
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After Xi Jinping said “Housing is for living in and not for speculation,” and China will “build a housing system featuring multiple suppliers and various channels of support that encourages both housing rentals and purchases” at the party’s 20th national meeting, the party media reported that “policy has set the tone” for Chinese property development…

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China’s Domestic Consumption Unlikely to Pick Up Despite Push For Internal Demand: Expert

October 27, 2022
20th Congress of the Chinese Communist PartyChinaChina Business & EconomyChinese Regimedomestic consumptioneconomic growthzero-COVID
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China’s economy will now rely less on exports and steer toward the domestic market, Chinese leader Xi Jinping said at the 20th Congress of the Chinese Communist Party (CCP) on Oct. 16. “We will make sure that our implementation of the strategy to expand domestic demand is integrated with our efforts to deepen supply-side structural…

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Yuan Depreciation Won’t Help China Exports

October 26, 2022
Business & MarketsChinaChina Business & Economydepreciationexchange rateHong KongOpinionThinking About Chinayuan
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Commentary The latest China data continue to show an overall downtrend, although some rebound is seen. The domestic economy, as represented by internal demand (private and government consumption expenditure and investment), remains weak under deleveraging (paying off debts). One possible way to improve the situation is to rely on external demand, which is net exports….

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Xi Jinping Sinks Chinese Stocks

October 26, 2022
ChinaChina Business & EconomyChinese Communist Party Chairman Xi JinpingChinese Regimeeconomic sanctionsFinance & Business TiesSpecial TopicsTaiwanThreat from Communist ChinaUS-China relations
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The markets have shown China’s leader Xi Jinping that embracing authoritarian leadership and surrounding oneself with  obsequious “yes” men tends not to encourage investor confidence. On Monday, the stock prices of some of China’s leading outward-looking companies like Alibaba and Tencent sunk by 11 percent in a single day. From Oct. 24 to Oct. 25,…

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Hong Kong Seeks Goldmines in the UAE as Over 13,000 Mega-Riches Leaving Hong Kong and China for Singapore

October 25, 2022
Asia & PacificBridgewaterChinaChina Business & EconomyChina Human RightsChinese RegimeHK BusinessHong KongInvestHKMiddle EastSingaporeWorld
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In response to the declining status of Hong Kong as an international financial hub, expanding family offices (rich people setting up private companies to manage investment) has become one of the critical performance indicators (KPI’s) for the Hong Kong government. With border clearance by China nowhere in sight, Hong Kong officials choose to find their…

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China’s Economic Growth Increases but Weak Amid Shutdowns

October 25, 2022
ChinaChina Business & Economyeconomicgrowth
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BEIJING—China’s economic growth picked up in the latest quarter but still was among the weakest in decades as the ruling Chinese Communist Party (CCP) tries to reverse a slump while enforcing anti-virus controls and a crackdown on debt in its vast real estate industry. The world’s second-largest economy grew by 3.9 percent over a year…

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Tesla Cuts China Prices by up to 9 Percent as Analysts Warn of ‘Price War’

October 24, 2022
Business & MarketsChinaChina Business & EconomyElon MuskMarketsrecessiontesla
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SHANGHAI—Tesla has cut starter prices for its Model 3 and Model Y cars by as much as 9 percent in China, reversing a trend of increases across the industry amid signs of softening demand in the world’s largest auto market. The price cuts, posted in listings on the electric vehicle (EV) giant’s China website on…

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China’s Exports to Russia Up by More Than 20 Percent as Growth Slows Elsewhere

October 24, 2022
Business & MarketsChinaChina Business & EconomyeconomyexportRussia
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BEIJING—China’s exports to sanctions-hit Russia rose at a double-digit pace for the third consecutive month in September, bucking the trend of weakening external demand elsewhere amid the Russia–Ukraine war and a global economic slowdown. Reuters calculations based on Chinese customs data on Monday showed shipments of Chinese goods to Russia rose 21.2 percent from a…

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Xi Jinping May Invade Taiwan to Shift Blame for Economic Turmoil: China Economic Analyst

October 24, 2022
ChinaChina Business & EconomyChinese RegimeSpecial TopicsTaiwanThreat from Communist ChinaUS-China relationsXi Jinping
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The Chinese leader Xi Jinping may launch an invasion of Taiwan after the national congress to shift blame for the regime’s economic turmoil, according to China economic analyst Antonio Graceffo. In a report to the 20th National Congress of the Chinese Communist Party (CCP), Xi has pledged to advance China’s economy while enforcing the zero-COVID policy….

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