Tag: China Business & Economy

Fed Up With COVID-19 Lockdown, Bankers, Fund Managers Looking to Leave Shanghai

April 27, 2022
Business & EconomyCCP VirusChinaChina Business & EconomyeconomyINSIDE CHINAShanghaiSpecial Topics
0 Comment

HONG KONG—Finance sector professionals in Shanghai are preparing to move back to Hong Kong and other offshore centers after spending only a few years in the Chinese city as a harsh COVID-19 lockdown has hurt their business prospects and upended daily lives. Thousands of bankers, traders, and investors in the financial hub of the world’s…

Read More

Heavy Fines for Forex Trading Violations Can’t Stop Capital Fleeing China

April 26, 2022
ChinaChina Business & EconomyChinese Regimeforeign exchange tradingForexUncategorizedzero tolerance
0 Comment

In China, companies, banks, and individuals cannot freely move money into or out of the country unless they comply with strict foreign exchange (forex) rules. The Chinese communist party (CCP) has been imposing “zero tolerance” controls to limit foreign exchange trading done in a private or surreptitious manner. But despite the CCP’s best efforts, the…

Read More

Jeff Bezos Raises Concerns About China’s Clout Over Twitter After Musk’s Takeover

April 26, 2022
Business & EconomyChinaChina Business & EconomyChinese RegimeCompanieseconomyElon MuskInfiltrating the WestInvestmentJeff BezosMarketsMedia & Big TechSocial MediaSpecial TopicsTechtechnologyTwitterUSUS NewsUS-China relationsXi Jinping
0 Comment

Amazon founder Jeff Bezos questioned whether Twitter will fall under the influence of the Chinese regime, hours after Tesla CEO Elon Musk secured a $44 billion buyout of the social media firm. “Interesting question. Did the Chinese government just gain a bit of leverage over the town square?” Bezos wrote on Twitter, responding to a…

Read More

Shutdown of Foxconn’s Factories in China Threatens Apple’s Supply Chain

April 26, 2022
Apple IncBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomyFoxconnINSIDE CHINAInternationalMedia & Big TechUSUS-China relationsWorld
0 Comment

Taiwan’s Foxconn Technology Group, the world’s largest electronics manufacturer and Apple’s main supplier, has again suspended operations at two of its factories in Kunshan, China, after the Chinese Communist Party (CCP) implemented strict quarantine rules in parts of the country to combat the spread of the Omicron variant of the virus in March. On April 22,…

Read More

Beijing’s ‘Zero-COVID’ Threatens China’s Economy

April 25, 2022
AnalysisChinaChina Business & EconomyChinese Regimedynamic zero-COVIDGuangdongOpinionPMIShanghaizero-COVID
0 Comment

News Analysis  As the Omicron variant is causing a surge in COVID-19 infections across 30 provinces and municipalities in China, Beijing’s “zero-COVID” restrictions appear to be causing more harm than good. The strict measures are sapping the productivity of businesses, weakening the stock market’s performance, forcing about 400 million people to remain in lockdown, and…

Read More

Thousands of Employees at Shanghai’s Tesla, Apple Supply Factories Infected With COVID-19

April 23, 2022
appleAsia & PacificCCP VirusChinaChina Business & EconomyChinese RegimefactoryINSIDE CHINAQuantaShanghaisocial controlSpecial TopicsteslaWorld
0 Comment

Shanghai continues to implement the Chinese Communist Party’s harsh “dynamic clearing” COVID-19 pandemic control policy, while the outbreak continues spreading in China. Employees of the well-known company Quanta (Shanghai) Computer Co., Ltd., which produces Tesla accessories and Apple laptops, revealed to The Epoch Times recently that thousands of workers were infected, and their calls to…

Read More

Russia-Ukraine War Accelerates Collapse of China’s Belt and Road Global Strategy

April 23, 2022
belt and road initiativeBRIBusiness & EconomyChinaChina Business & EconomyChina-Europe RailwayChinese RegimeeconomyEuropeEurope-China RelationsGlobal ExpansionInternational RelationsInvestmentMarketsRussia-Ukraine WarsanctionsSpecial TopicsWorldXi Jinping
0 Comment

Over the past ten years, China’s Communist Party (CCP) has strategically relied on its $4 trillion Belt and Road Initiative (BRI) to boost its image and influence with at least 149 countries to date. But success has eluded its efforts, and the BRI strategy may be doomed as a result. Consider for example the CCP’s…

Read More

Ferrari to Recall More Than 2,000 Cars in China Over Braking Issues

April 23, 2022
Business & EconomyChinaChina Business & EconomyCompaniesFerrari
0 Comment

SHANGHAI/MILAN—Luxury sports car maker Ferrari will recall 2,222 cars in China due to a potential fault in its braking systems, China’s market regulator said in a statement on Friday. The recall covers the 458 Italia, 458 Speciale, 458 Speciale A, 458 Spider, 488 GTB, and 488 Spider series models, the State Administration for Market Regulation…

Read More

China’s Economic Suicide: ‘Zero COVID’

April 22, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & EconomyCOVIDeconomyOpinionThinking About China
0 Comment

News Analysis Chinese leader Xi Jinping has been adamant that he will maintain his “zero-COVID” policy even as it destroys China’s economy. By the first week of April, approximately 75 percent of China’s 100 largest cities, which account for over half of the GDP, have imposed COVID-19 restrictions. Shanghai’s draconian lockdown was the most widely…

Read More

Another Supply Chain Shockwave Is Coming Amid Pent-Up Supply, Industry Experts Warn

April 22, 2022
Business & EconomyChinaChina Business & EconomyeconomyGlobal Supply Chain Crisisinflation
0 Comment

The global supply chain crisis is about to experience a fresh shockwave as factories reopen in China and begin a mad rush to resume production and fill orders. Following a series of lockdowns and renewed public health restrictions in response to COVID-19 outbreaks, manufacturers have restarted operations and are now frantically trying to catch up….

Read More