Tag: China Business & Economy

UK to Ban Modern Slavery Goods and Services From National Health Service

April 22, 2022
ChinaChina Business & EconomyChina Human RightsgenocideUKUncategorizedUyghurWorldXinjiang
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The UK is set to pass a new law targeting modern slavery in NHS supply chains such as Personal Protective Equipment (PPE) made from cotton sourced in China’s Xinjiang region. Health Secretary Sajid Javid said on Friday that he wants the landmark amendment to be “a turning point in the UK’s mission to eradicate slavery and human…

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China Heavily Reliant on Imported Seeds and Pigs, Xi Stresses Need for State-Grown Germplasm and Breeding

April 22, 2022
ChinaChina Business & Economygrass seedpig breedingvegetable seed
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Chinese Communist Party leader Xi Jinping recently focused on the need to ensure food security and the safety of homegrown seeds. Statistics show that China seriously relies on imported seeds for vegetables and grasses, and almost entirely on imported pigs for breeding. On April 10, during a visit to the Yazhou Bay Seed Laboratory in Sanya,…

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CNOOC Has Monster Shanghai Debut, Chinese Oil Giant To Leave US, UK Projects

April 22, 2022
Business & EconomyChinaChina Business & EconomyChina National Offshore Oil Corp.CNOOCCompaniesOilUS-China relations
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China National Offshore Oil Corporation, or CNOOC, soared as much as 44 percent in its debut on the Shanghai Stock Exchange on Thursday. After hitting the daily upper limit, trading was suspended amid enormous fluctuation. The stock pared its gains to end the session up 28 percent. Investors jumped at the first opportunity to gain…

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China’s GDP Could Drop in 2022: Expert

April 21, 2022
ChinaChina Business & EconomyeconomyGDPOpinionThinking About China
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News Analysis China’s real economic growth rate could be zero percent or even negative this year, according to a Hong Kong-based academic expert on China’s economy. Chinese growth is under pressure from COVID-19 lockdowns, inflationary pressures, depressed trade due to the Russian invasion of Ukraine, and potential secondary sanctions from the United States and allies…

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China’s Xi Echoes Putin in Proposal for New ‘Global Security Initiative’ Amid Mounting International Criticism

April 21, 2022
Boao Asia ForumChinaChina Business & EconomyChinese RegimeGlobal ExpansionInternational RelationsSpecial Topicszero-COVID
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Chinese leader Xi Jinping on April 21 took several veiled swipes at Washington and allies’ sanctions on Russia, while proposing what he called a new China-led “global security initiative.” Xi said the new initiative takes “legitimate security concerns of all” and upholds “the principle of indivisibility of security,” key concepts that Russia has used to…

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China’s Largest Industrial City Suzhou Forced Into COVID-19 Lockdown

April 21, 2022
CCP VirusChinaChina Business & Economychina lockdownsCOVID lockdownsEditor's PicksINSIDE CHINASpecial Topics
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Suzhou City of Jiangsu Province announced on April 16 that it will implement closed-off management to curb the latest COVID-19 outbreak. Suzhou is one of the major industrial centers in China. Its industrial output surpassed that of Shanghai last year. The Suzhou Municipal Government Information Office announced on its WeChat account that starting from 12…

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China’s Top Oil Gaint Plans to Exit Western Markets in Fear of Sanctions, Returning to Domestic IPOs

April 21, 2022
BeijingBusiness & EconomyChinaChina Business & EconomyChinese RegimeCNOOCcommoditiesCompaniesFinance & Business TiesIPOsMade in China 2025MarketsNYSERussia-UkraineShanghai Stock ExchangeSpecial TopicsThousand Talents Programtrade practicesUS-China relations
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China is selling its oil fields in the United States, Canada, and Britain due to fear of Western sanctions, according to a recent Reuters report. Experts say Beijing’s over-reliance on U.S. markets and technologies could be fatal in the case of being sanctioned or losing its overseas assets. China’s top offshore oil and gas producer,…

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China’s Top Oil Gaint Reportedly Plans to Exit Western Markets in Fear of Sanctions, Returning to Domestic IPOs

April 21, 2022
BeijingBusiness & EconomyChinaChina Business & EconomyChinese RegimeCNOOCcommoditiesCompaniesFinance & Business TiesIPOsMade in China 2025MarketsNYSERussia-UkraineShanghai Stock ExchangeSpecial TopicsThousand Talents Programtrade practicesUS-China relations
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China is selling its oil fields in the United States, Canada, and Britain due to fear of Western sanctions, according to a recent Reuters report. Experts say Beijing’s over-reliance on U.S. markets and technologies could be fatal in the case of being sanctioned or losing its overseas assets. China’s top offshore oil and gas producer,…

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China’s March Alumina Exports to Russia Soar as Sanctions Over Ukraine Bite

April 21, 2022
aluminaBusiness & EconomyChinaChina Business & Economycommoditieseconomic policieseconomyEuropeMarketsmetalsRussiaRussia-Ukraine WarsanctionsUkraineWorld
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BEIJING—China’s alumina exports to Russia surged over 90 times in March from the same period a year earlier, customs data showed on Wednesday, as sanctions against Russia for its invasion of Ukraine cut off some of its traditional supplies. In March, China shipped 9,949 tonnes of alumina to Russia, up from 104.5 tonnes the same…

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China’s Lockdowns Could Drive More US Policy Action, Says Fed’s Kashkari

April 21, 2022
Business & EconomyCCP VirusChinaChina Business & Economychina lockdowneconomyEuropeinflationInternationalLocal NewsNeel KashkariPoliticsRegional-Local NewsRussia-Ukraine WarSpecial TopicsUSUS NewsUS policyWorld
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If lockdowns in China aimed at containing COVID-19 cause further disruptions to global supply chains, the Federal Reserve will need to take even more aggressive action to bring down “much too high” inflation, Minneapolis Fed President Neel Kashkari said on Tuesday. Speaking at an event at Luther College in Decorah, Iowa, Kashkari said in the…

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