Tag: China Business & Economy

Chinese Regime Locks Down Mega Port City of 14 Million Under ‘Zero-COVID’ Policy

May 22, 2022
BeijingCCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeINSIDE CHINAlockdownportsocial controlSocial IssuesSpecial Topicsstatic managementTianjin
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The Chinese communist regime has locked down another major city—Tianjin in northern China—under its strict “Zero-COVID” policy. Meanwhile, mandatory mass testing is being conducted in the city. Authorities warn those who violate the regulations that they will not only be punished but that it would even “affect their future generations.” Tianjin is one of China’s…

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As China’s Sales Slump, Luxury Industry Looks to US Market

May 22, 2022
Business & EconomyBusinesses in COVID-19ChinaChina Business & EconomyChina economyCompanieseconomyInternationalInvestmentluxury goodsMarketsU.S. marketUSUS NewsWorld
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Affected by the COVID-19 lockdown measures, sales of luxury goods in the Chinese market have suffered significant setbacks. Global luxury industry leaders said recently that the booming U.S. market and emerging markets have the potential to help offset the negative impact of the Chinese market. Before the outbreak of the CCP (Chinese Communist Party) virus…

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Apple Projects Billions in Revenue Loss Over Supply Constraints from China Amid Lockdowns

May 22, 2022
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Beijing’s strict COVID-19 control policies have significantly limited Apple’s consumer product output, according to one of its suppliers. In April, the iPhone maker predicted that supply constraints would cost the company up to $8 billion in revenue for the current quarter. Taiwanese contract manufacturer Pegatron, one of Apple’s largest suppliers for specific iPhone models, on…

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Shanghai’s Economy Plunged 61.5 Percent in April, Lockdown Caused Lack of Confidence in Industries: Expert

May 21, 2022
automobile industryCCP VirusChinaChina Business & EconomyChinese RegimeeconomyINSIDE CHINAInternational RelationsNatural gasOilShanghaisocial controlSpecial Topics
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Shanghai’s economy was hit hard in April by the nearly two-month lockdown. The latest data published by authorities shows that in April, the total industrial output in Shanghai dropped by 61.5 percent compared to the same time last year. An expert pointed out that the Chinese communist regime’s extreme lockdown of Shanghai under its “Zero-COVID”…

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China Expands Its Debt-Laden State Railway System to Help Lift the Country’s GDP

May 21, 2022
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Although China’s state railway system has suffered severe losses for years, China’s Development and Reform Commission (NDRC) recently emphasized the need to speed up the construction of more transportation infrastructure. According to a Chinese economic and financial commentator and analyst, the Chinese leadership does not consider investment returns, it just wants to use the large…

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Beijing Policymakers in Bind as Property Market Spirals

May 20, 2022
ChinaChina Business & EconomyOpinionproperty marketThinking About China
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Ordinarily, Beijing would eagerly rescue its property developers and enact aggressive policy easing to prop up a sagging real estate market. But these are not ordinary times. Despite facing terrible economic conditions and outlook, China’s financial policymakers have only responded with relatively modest easing measures. The reason is twofold. One, regulators want to curb excess…

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China Cuts Borrowing Rate More Than Expected Amid Economic Slowdown

May 20, 2022
Business & EconomyChinaChina Business & Economyeconomic policieseconomyLPRproperty
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SHANGHAI—China cut its benchmark reference rate for mortgages by an unexpectedly wide margin on Friday, its second reduction this year. The country’s economy took a hit after the Chinese regime imposed extreme COVID-19 restrictions, causing huge disruptions to activity. China, in a monthly fixing, lowered the five-year loan prime rate (LPR) by 15 basis points…

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Aussie Firm Likely to Lose Major Lithium Mine to Web of Chinese Interests: Advisory

May 20, 2022
Asia & PacificAustraliaAVZ MineralsBusiness & EconomyChinaChina Business & EconomyChina-Australia RelationsCompaniesDemocratic Republic of CongoInternationalInternational RelationslithiumWorldZijin Mining
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Hedge fund research firm Boatman Capital says Australian miner AVZ will likely lose control of the valuable Manono lithium project in Africa to a coordinated web of Chinese interests. On May 20, Boatman released its analysis of the troubled Manono Lithium and Tin Project in the south of the Democratic Republic of Congo—estimated to contain…

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HKMA Participates in China Central Bank’s Preparation of Countermeasures for US Sanctions

May 19, 2022
Central BankChinaChina Business & EconomyHKMAHong Kongsanctions
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The Hong Kong Monetary Authority (HKMA) recently admitted that it’s been collaborating with China’s Central Bank on countermeasures for potential U.S. sanctions, a mutual geopolitical risk for both Hong Kong and mainland China. At a May 3 meeting in the Hong Kong Legislative Council, questions were raised about the geopolitical risks and the overall financial…

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China’s Lockdowns Are Destroying Its Economy

May 19, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & EconomylockdownsOpinionThinking About China
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Commentary Not one vehicle was sold in Shanghai in April, according to the Shanghai Automobile Sales Association on May 16. This is a direct result of lockdowns in which citizens no longer need their cars—and can’t afford them anyway. According to China’s National Bureau of Statistics, factory output and consumer spending tumbled last month, while the…

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