Category: China Business & Economy

China’s Brand of ESG Another Hurdle in Sustainable Investment Movement

News Analysis With the explosive global growth in ESG (environmental, social, and governance) investing, also known as sustainable investing, it’s no exception in China where ESG funds are proliferating and there are even Canadian offerings. One of ESG’s confounding aspects, however, remains that those three criteria mean different things to different people and that China…


Russia’s Surging Oil Exports to China in August Fail to Keep Saudis Down: Data

SINGAPORE—China’s crude oil imports from Russia in August surged 28 percent from a year earlier, official data showed on Tuesday, but it handed back its top supplier ranking to Saudi Arabia for the first time in four months. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments…


Clyde Prestowitz: How American Companies Became Subservient to Beijing and How to Stop It With Industrial Policy

From Our Sponsor: Why Now Is the Time to Buy Gold & Silver with Goldco. Call 855-973-0470 for your FREE Wealth Protection Kit Today! “Because everything it makes is in China … China can compel Apple to do whatever it pleases … And it’s not just Apple. Many major American companies are highly reliant on…


PREMIERING 7:30PM ET: Clyde Prestowitz: How American Companies Became Subservient to Beijing and How to Stop It With Industrial Policy

This episode will premiere on Tuesday, Sept. 20, at 7:30 p.m. ET. From Our Sponsor: Why Now Is the Time to Buy Gold & Silver with Goldco. Call 855-973-0470 for your FREE Wealth Protection Kit Today! “Because everything it makes is in China … China can compel Apple to do whatever it pleases … And…


FCC Adds China Unicom and PacNet/ComNet to List of National Security Threats

The Federal Communications Commission (FCC) added equipment and services from two China-based companies to its Covered List of communications equipment and services that have been deemed a threat to U.S. national security. China Unicom and Pacific Network/ComNet were added to the list following a recommendation from security agencies, according to a statement released by the…


Korean Conglomerate Lotte Abandons Chinese Market, Shifts to Southeast Asia

Lotte Group has fully abandoned the Chinese market and stepped up its investment in Southeast Asia, in particular Vietnam and Indonesia. This year marks the 30th anniversary of the establishment of diplomatic ties between South Korea and China. It also marks the 30th anniversary of South Korea’s diplomatic ties with Vietnam. In 2020, Lotte Group…


Europe, South Korea-Backed Consortium Wins Philippines Airport Project Formerly Pursued by China

A consortium composed of South Korean and European firms has been awarded an $11 billion airport project in the Philippines that was previously granted to a Chinese state-owned firm. The Cavite provincial government awarded the contract to develop the Sangley Point International Airport (SPIA) to a multinational consortium comprised of companies from the Philippines, South…


‘After We Get Rich With Our Hard Work, the CCP Is There to Harvest:’ Former Chinese Millionaire

Feng Zhenguo, former owner of a profitable wood furniture factory in China’s central Heibei province, experienced extortion from the environmental authorities and police, and was forced to sell his factory to Chinese police at a very low price. “The communist regime’s so-called reform and opening up is just to loosen the shackles around Chinese people’s…


‘Naivety Toward China Is Over’: G7 Nations to Take Tougher Stance on China Trade

G7 Trade Ministers have said they will take a tougher stance on China over trade, after a two day meeting at Neuhardenberg Palace in East Berlin, Germany, on Sept. 15. Experts believe the change is because the countries have become increasingly alert to the Chinese regime’s aggressive behavior towards the international community. German Minister for…


RIP, Renminbi

Commentary The Chinese yuan (a.k.a. renminbi) is on pace to drop the most against the U.S. dollar in history as the world’s two biggest economies carve divergent paths in monetary policy. On Sept. 15, it broke the psychologically important 7 yuan to 1 U.S. dollar barrier. The U.S. Federal Reserve is poised to continue its…