Tag: China Business & Economy

China’s Foreign Capital Data Questioned as Depreciation of Yuan Accelerates

China’s Ministry of Commerce recently claimed that from January to April, the country’s actual use of foreign capital surged by 20.5 percent compared to the same period last year, amid a rapid depreciation of its yuan. But experts believe that the data is false as they say foreign capital has been accelerating its withdrawal from…


Top Aussie Wine Brand to Be ‘Made in China’ to Bypass Steep Tariffs

Leading Australian wine brand Penfolds will begin sourcing and producing wine in China in order to sidestep crippling tariffs imposed by Beijing. Penfolds has a 178-year history and is one of Australia’s oldest wineries—like many other local exporters, the company was hit by tariffs ranging from 107.1 to 212.1 percent as part of the Chinese…


SoftBank Suffers Record Loss in Last Fiscal Year

SoftBank Group Corp on May 12 released its performance for the 2021 fiscal year ending March 31, reporting a net loss of 1.7 trillion yen ($15.1 billion), the biggest loss in any fiscal year since its establishment in 1981. Its Vision Fund posted a net loss of 251.6 billion yen ($2.2 billion) in the Chinese…


Data Show Investing in Chinese Stocks Has Historically Been Bad Idea

The Chinese economy has grown tremendously over the past three decades, but its stock market has offered investors very dismal returns. Chinese stocks have had the worst performance among Asian and the world’s largest stock markets, according to the Morgan Stanley Capital International (MSCI) April data. Since its inception in December 1992, the MSCI China…


Beijing’s Aggressive Use of Trade Will Hurt China in the Long Term

News Analysis Because China’s economy has grown to a gigantic size, its top-down, command approach to economics, especially its trade policy, has destabilized and has begun to alienate several trading partners. Those countries, smaller Asian nations especially, have only one rational response: put up with the economic ills imposed by Beijing while finding ways to…


Vietnam’s Exports Soar as Manufacturers Shift Away From China’s Tech Capital Shenzhen

Vietnam has seen a tremendous increase in its exports following Xi Jinping’s Zero-COVID policy imposing lockdowns in Shenzhen and Shanghai this spring. According to Vietnam’s General Statistics Office (GSO), the country’s exports reached a record high of $34.7 billion in March. In comparison, Shenzhen’s exports were only $17.8 billion, down 14 percent from last year,…


Chinese Takeover of Semiconductor Plant a National Security ‘Test Case’ for UK Government, Say Lawmakers

Security fears are intensifying over the controversial takeover of Britain’s largest semiconductor plant by a state-backed Chinese company. Senior MPs in the ruling Conservative Party have called on the British government to deploy the new National Security and Investment Act and scrap the £63 million ($77 million) sale of Newport Wafer Lab to Wingtech Technology through…


China’s Protracted Lockdowns Cause Critical Shortages in West

Hospitals in the United States are on high alert, with some doctors prioritizing patients in critical condition as the prolonged lockdown in China’s Shanghai has caused a global shortage of chemicals used in medical imaging. Some of the largest U.S. hospitals said earlier this month they were facing significant shortages of iodinated contrast media products,…


US, China Hold Irreconcilable Positions on China Concepts Stocks, Says Analyst Now Canceled in China

News Analysis Hong Hao, a prominent Chinese market analyst and former managing director for BOCOM International, recently crossed the Chinese Communist Party’s (CCP) red lines for speech by highlighting the irreconcilable differences between the United States and the CCP on China concepts stocks. Hong was banned on Chinese social media for his comments betting against…


Market Analyst Canceled Over Downbeat Forecasts About Chinese Stock Market

News Analysis Hong Hao, a prominent Chinese market analyst and former managing director for BOCOM International, may have been caught in Beijing’s censorship crosshairs for betting against China’s economy. He was removed from Chinese social media over critical remarks about the Chinese Communist Party’s (CCP) policies and warned against the full delisting of China concept…