Category: Finance & Business Ties

Senators Release Bank Records Showing Payments to Hunter Biden From China

March 30, 2022
ChinacongressFinance & Business TiesHunter BidenInfiltrating the WestJoe BidenPoliticsRepublicansSpecial TopicsUSUS NewsUS-China relations
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Newly released bank records show that payments were made to President Joe Biden’s son from a Chinese Communist Party-linked company. Sens. Chuck Grassley (R-Iowa) and Ron Johnson (R-Wis.) presented the records on the Senate floor on March 28 and March 29. One showed a wire payment of $100,000 to Owasco, one of Hunter Biden’s firms, from CEFC China…

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Ukraine War Fallout Could Trigger a Significant Shift Away From China, Analyst Says

March 26, 2022
Business & EconomyChinaChina Business & Economyeconomic policiesEuropeFinance & Business Tieshuman rightsInternationalInternational RelationsInvestmentRussiaRussia-Ukraine WarSpecial TopicsUkraineUS-China relationsWorld
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The globe could begin to see a “significant shift away from China” as the world reevaluates its business ties with the regime in the aftermath of the Russia-Ukraine war, according to economic analyst Christopher Balding. Balding—a senior fellow at the Henry Jackson Society, a UK trans-Atlantic foreign policy think tank, who specializes in Chinese economy…

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China Sees ‘Unprecedented’ Cash Outflows After Russian Attack on Ukraine: IIF

March 25, 2022
Business & EconomyChinaChina Business & EconomyeconomyEuropeFinance & Business TiesInvestmentMarketsmilitaryoutflowsRussiaRussia-Ukraine WarsanctionsSpecial TopicsstocksWorld
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High-frequency data detected unprecedented cash flows out of China following Russia’s invasion of Ukraine, flagging a decreased confidence of investors amid geopolitical conflict and uncertainty. A “very unusual” shift emerged to global capital flows in emerging markets in late February, as China saw investors pull out of from its market while the rest holds up,…

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Beijing Tells Chinese Business People to Fill Void in Russian Market Amid Ukraine Crisis

March 23, 2022
ambassadorBusinessBusiness & EconomyChinaChina Business & EconomyChinese RegimeEuropeFinance & Business TiesRussia-Ukraine WarSpecial TopicsUkraineWorld
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China’s Ambassador to Russia called on Chinese business people in Moscow to grow their enterprises by leveraging the Ukraine crisis. It came as severe international sanctions have crippled Russia’s economy in the wake of the invasion. Ambassador Zhang Hanhui urged Chinese businessmen in Moscow to make good use of the current Russia-Ukraine war as he…

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China Implicated in Iran’s Global Money Laundering

March 22, 2022
ChinaChinese RegimeFinance & Business TiesGlobal ExpansionIranmoney launderingOpinionsanctionSpecial TopicsThinking About China
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News Analysis China is implicated in Iran’s international money laundering system, according to a new report by The Wall Street Journal. The Journal “reviewed financial transactions for scores of Iranian proxy companies in 61 accounts at 28 foreign banks in China, Hong Kong, Singapore, Turkey and the United Arab Emirates totaling several hundred million dollars,”…

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Fallout From London Nickel Trading Fiasco Will Be Extensive, Expert Says

March 22, 2022
BusinessCCPChinaChina Business & EconomyFinance & Business TiesSpecial TopicsUnited StatesUS-China relationsWorld
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The London Metal Exchange’s (LME) extraordinary decision on March 8 to halt nickel trading after a short squeeze triggered by a Chinese metal tycoon’s large short position sent commodity prices skyrocketing to more than $100,000 a ton will have far-reaching ramifications for Chinese firms in global markets That’s according to Christopher Balding, an economist and analyst…

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Live Cockroach in Drink Allegation Adds to Starbucks’ China Woes

March 21, 2022
Asia & PacificChinaChina Business & EconomyFinance & Business TiesRui ChenggangSpecial TopicsStarbucksUS-China relationsWorldXi Jinping
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A Starbucks coffeehouse in the southern city of Shenzhen was accused of having a live cockroach in one of its takeaway drinks on March 12, adding another public relations challenge for the U.S. coffee chain giant in China this year. The alleged-cockroach find pushed Starbucks to the top of the search list on Weibo, China’s leading social media…

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‘Stop Using Blood Money’: Ukrainian Vice PM Calls on China’s UnionPay to Cut Services in Russia

March 13, 2022
Business & EconomyChinaChina Business & EconomyChinese languageChinese Regimeeconomic policiesEuropeFinance & Business TiesRussia-Ukraine WarSpecial TopicsUkraineUnionPayWorld
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Ukraine’s Vice Prime Minister Mykhailo Fedorov has urged China’s state-owned UnionPay to align with global sanctions and cut ties with Russia. “Russian money is bloody! It helps Russian missiles attack dwelling houses, kindergartens, and hospitals in Ukraine, and kill civilians!” Fedorov posted in Chinese on Twitter on March 12, calling on UnionPay International (UPI), a…

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TikTok’s Withdrawal From Russia Is More About Pleasing Western Market: Expert

March 10, 2022
BytedanceChinaChinese RegimeEuropeFinance & Business TiesmilitaryRussia-Ukraine WarSpecial TopicstechnologyTikTokUkraineWorld
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A recent pause of TikTok’s services in Russia is more to please the West rather than driven by safety concerns for its users, China experts have flagged. Chinese-owned TikTok said on March 6 that it would suspend live-streaming and the uploading of videos to its platform in Russia, fearing that the Kremlin will criminalize it…

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China Exports Expand in Early 2022 as Trade With Russia Surges to High

March 7, 2022
Business & EconomyChinaChina Business & EconomyChina Customseconomic policieseconomyEuropeexportFinance & Business TiesInternationalMarketsRussia-Ukraine WarSpecial TopicsUkraine crisisWorld
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China’s exports grew at the beginning of 2022, propped up by record-high trade volume with Russia amid the unfolding Ukraine crisis, official data showed on March 7. The output rose 16.3 percent in January and February from a year earlier, beating analysts’ expectations for a 15.0 percent raise, China Customs said on Monday. Its bilateral…

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