News Analysis China is preparing to turn a nearly 40-year-old industrial development strategy on its head. Since the early 1980s, Beijing’s approach to technological and industrial progress was to import it, mainly by entering into joint ventures with foreign firms that provided high technology and startup. Eventually, the Chinese would reverse-engineer the technology and make—and…
Xi’s New State-Driven Innovation Strategy Could Be a Disaster for China
Supply Chain Woes to Worsen in Summer Months: Trucking Company
April 19, 2022
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Business & EconomyCCP VirusChinaChina Business & EconomyCompanieseconomyEditor's PicksINSIDE CHINAJ.B. Huntshanghai lockdownsupply chainUSUS News
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The United States may experience much worse supply chain pains in the coming summer months because of the massive lockdowns ongoing in China, a large trucking company warned. “We do forecast that to get a lot worse as we come into the summer months, particularly with what’s happening in the supply chain from an ocean…
China’s Alibaba Tightens Grip on Southeast Asia
April 19, 2022
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News Analysis China’s biggest e-commerce provider, Alibaba Group, is extending its digital payments—and information gathering—into southeast Asia. With a planned majority ownership of the 2C2P payments network, Alibaba’s Ant Group will increase its global payments reach, particularly in Singapore, Thailand, and Malaysia. That’s a threat to America, because China’s financial services expansion in southeast Asia…
China Considering Alternative to SWIFT After the West Sanctioned Russia
China is considering a possible alternative to SWIFT after members of the cooperative removed Russian banks from the group as a part of the Western sanctions imposed on Russia because it invaded Ukraine. Mike Sun, a North America-based private investment adviser and China expert, told The Epoch Times that the Chinese Communist Party (CCP) may…
China to Build Unified National Market in Preparation for Decoupling From the West: Analysts
After nearly 70 years, the Chinese Communist Party (CCP) appears to be returning to a planned economy, and striving to establish a unified national market. China experts believe that the CCP hopes to stimulate domestic demand in response to big changes in the external demand that may occur at any time should the world begin…
China’s Zero-COVID Policy Is Raising Inflation and Cost of Goods Across the Globe
April 19, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyeconomyinflationInflation PressureINSIDE CHINAsupply chain disruption
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Although China denies it, its draconian Zero-COVID lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand were falling at the…
China’s ‘Zero-COVID’ Policy Is Raising Inflation Across the Globe: Analysts
April 19, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyeconomyinflationInflation PressureINSIDE CHINAsupply chain disruption
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News Analysis Although China denies it, its draconian “zero-COVID” lockdown policy is pushing up the cost of Chinese manufacturing as well as global production costs and inflation, analysts say. China’s three major indicators of its Purchasing Managers’ Index (PMI) all fell below the critical mark in March. However, while both ends of production and demand…
Risks Accumulate for China Investors, Including Harvard
April 18, 2022
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News Analysis Risk is accumulating for China investors, with private equity in particular trouble. Harvard University, one of the world’s top PE investors, with an endowment of $53.2 billion, recently showed a crack in its veneer on China. “In a sign of a potential pullback,” according to Bloomberg News, “Harvard University’s endowment is considering tapering…
China Fails to Implement a Unified Market System Amid COVID Lockdowns
News Analysis Beijing recently unveiled its unified domestic market system as residents in Shanghai face food shortages due to the regime’s strict COVID-19 lockdown measures. The latest economic plan has left the public wondering if it will lead to a major disaster reminiscent of the Mao Zedong era. On April 10, the Chinese Communist Party (CCP)…
Lockdown Induces Shanghai Port Congestion, Drags Foreign Trade and Global Supply Chain
A prolonged citywide lockdown caused congestion in the Port of Shanghai and affected the global supply chain due to the megacity’s influential position in foreign trade and transportation. Zhang Jinglun, a U.S. financial expert, told The Epoch Times that the Shanghai lockdown, part of China’s intensifying anti-virus measures, is bound to cause disruptions in production…
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