Category: Finance & Business Ties

US Trade Chief to Unveil Biden’s China Trade Strategy and Vow Enforcement of Trump-Era Deal

October 4, 2021
Asia & PacificBusiness & EconomyChinaChina Business & EconomyeconomyFinance & Business Tiesphase one trade dealPolicyPoliticsSpecial TopicsUSUS NewsUS-China relationsUS-China TradeWorld
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U.S. Trade Representative Katherine Tai will on Monday deliver long-awaited remarks outlining the Biden administration’s trade strategy with China, with a senior administration official saying Tai will condemn Beijing’s unfair trade practices and discuss holding it to account for commitments made under a Trump-era deal. Tai is scheduled to speak at at the Center for Strategic and…

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World Bank China Rigging Scandal Highlights Beijing’s ‘Malign Influence’ at UN: Experts

September 28, 2021
ChinaFinance & Business TiesGlobal ExpansionInfiltrating the WestInternational RelationsSpecial TopicsThe World Health OrganizationUS-China relationsVictims of Communism Memorial FoundationWIPO
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Revelations that World Bank leaders pressured staff to rig an influential report to favor China have once again cast a spotlight on Beijing’s influence within the United Nations system. A recent investigation found that then-World Bank President Jim Yong Kim and then-Chief Executive Kristalina Georgieva had applied “undue pressure” on staff to boost China’s ranking…

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US Senators Slam Beijing’s ‘Hostage Diplomacy’ as Huawei CFO Gets Hero’s Welcome in China

September 27, 2021
ChinaFinance & Business TiesHuaweiMeng WanzhouSpecial TopicsUS-China relations
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Republican senators have decried the Chinese regime’s success in its bid at “hostage diplomacy” after the release of Huawei chief financial officer Meng Wanzhou on Sept. 24. Meng, who had been detained at her Vancouver home since late 2018 fighting extradition to the United States, struck a deal with U.S. prosecutors on Friday allowing her…

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Chinese Workers Demand Better Severance Pay as Samsung Heavy Industries Shuts One Plant

September 16, 2021
ChinaChina Business & EconomyCorporations TrappeddivestmentFinance & Business TiesSamsungship buildingSocial IssuesSpecial Topics
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A large-scale protest broke out on the premises of Samsung Heavy Industries Ningbo (SHI Ningbo) on Sept. 9. Around 1,500 local employees demanded better compensation schemes after the company announced plans to close its plant in Ningbo city, south of Shanghai. The company issued a letter on Sept. 10, stating that all employees would be terminated. SHI is…

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Business Secretary Intervenes in Acquisition of UK Graphene Company Over Chinese Interests

September 7, 2021
ChinaChina Business & EconomycompanyFinance & Business TiesgrapheneInternational RelationsinvervenesministerSpecial TopicstechnologyUKWorld
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The UK business secretary has intervened in the acquisition of a cutting-edge material manufacturer in Wales over potential Chinese interests, citing national security concerns. The department for Business, Energy, and Industrial Strategy on Sept. 5 announced it was intervening in the acquisition of Perpetuus, a manufacture of graphene-based products. The notice cites a takeover (pdf) involving…

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China to Start New Stock Exchange to Boost Small Business, Analysts Skeptical

September 3, 2021
Business & EconomyChinaFinance & Business TiesMarketsSpecial Topicsstock exchangestock marketXi Jinping
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A third stock market will be set up in Beijing to help small- and medium-sized companies raise capital, Chinese regime leader Xi Jinping announced Thursday. “We will continue to support the innovation and development of small- and medium-sized enterprises, deepen the reform of the New Third Board, set up a Beijing Stock Exchange to build…

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US Border Officers Seize Over 39,000 Fake Designer Products From China

August 29, 2021
CBPChinacounterfeitFinance & Business TiesSpecial TopicsUS-China relations
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U.S. Customs and Border Protection (CBP) last month seized over 39,000 fake designer products from China at a port in Los Angeles. The fake designer goods arrived in two cargo shipments, with the first intercepted on July 19 and a second one on July 30 at the Los Angeles-Long Beach port. The counterfeit products included…

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China’s Celebrity Fan Clubs the Latest Target Under Beijing’s Widening Crackdown on Internet Sector

August 29, 2021
ArchivedAsia & PacificBusiness & EconomycelebrityChinaChinese Regimecommon prosperityCompaniesFinance & Business TiesNewssocial controlSocial IssuesSpecial TopicswealthWorldXi Jinping
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For months, Chinese authorities have been cracking down on the country’s powerful internet sector, targeting an array of companies over issues from anti-trust to data security. Now, online celebrity fan clubs are the latest to feel the heat. The regime’s top internet regulator, in a bid to rein in what it described as China’s “chaotic”…

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China’s Celebrity Fan Culture in Hot Water as Beijing Widens Internet Crackdown

August 29, 2021
ArchivedAsia & PacificBusiness & EconomycelebrityChinaChinese Regimecommon prosperityCompaniesFinance & Business TiesNewssocial controlSocial IssuesSpecial TopicswealthWorldXi Jinping
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For months, Chinese authorities have been cracking down on the country’s powerful internet sector, targeting an array of companies over issues from anti-trust to data security. Now, online celebrity fan clubs are the latest to feel the heat. The regime’s top internet regulator, in a bid to rein in what it described as China’s “chaotic”…

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Argentina Activists Protest China Pork Export Deal

August 27, 2021
activistsAmericasArgentinaBusiness & EconomyChinaChinese RegimeexportFinance & Business TiesporkprotestSpecial TopicsWorld
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Animal rights activists protested Wednesday in Buenos Aires against a possible agreement with China to install mega pig farms in the country. Dozens of activists wearing paper bags with pigs drawn on their heads rallied in front of the Chinese embassy shouting slogans against animal abuse. The treaty negotiation between the two countries considers more…

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