China’s economy slowed in March, seeing a contraction in both domestic consumption and factories activities as Beijing’s sweeping COVID-19 lockdowns takes their toll across the country, official data shows. The figures came after financial hub Shanghai has for weeks been gripped by an unprecedented city-wide lockdown, and hundreds of millions subject to stay-at-home orders around…
China’s Economy in March Shows Weakness as ‘Zero-COVID’ Bites, Suggesting Hard Grind Ahead
China Eastern Resumes Boeing 737-800 Flights After March Crash
BEIJING—China Eastern Airlines has started putting its Boeing 737-800 jetliners back in use for commercial flights less than a month since a crash killed 132 people and led the company to ground 223 of the aircraft, the carrier said on Sunday. The airline said it had conducted systematic tests, structural checkups, and verified airworthiness data…
Experts Warn of China’s Near-Monopoly on Freight Container Production, Global Supply Chain At Risk
April 17, 2022
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Asia & PacificChinaChina Business & EconomyChinese Regimedecouple from Chinafreightglobal supply chainInternationalshipping containerUS-China relationsWorld
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A recent report from the U.S. Federal Maritime Commission (FMC) showed that China’s control of global container manufacturing poses a threat to supply chains and economies worldwide. On March 30, FMC Commissioner Carl Bentzel released his assessment (pdf) of China’s control of container and intermodal chassis manufacturing after a year of research, market observation, and…
Experts Warn of China’s Near-Monopoly on Freight Container Production, Threatening Global Supply Chain
April 17, 2022
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Asia & PacificChinaChina Business & EconomyChinese Regimedecouple from Chinafreightglobal supply chainInternationalshipping containerUS-China relationsWorld
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News Analysis A recent report from the U.S. Federal Maritime Commission (FMC) showed that China’s control of global container manufacturing poses a threat to supply chains and economies worldwide. On March 30, FMC Commissioner Carl Bentzel released his assessment (pdf) of China’s control of container and intermodal chassis manufacturing after a year of research, market…
China Keeps Medium-Term Policy Rate Unchanged
SHANGHAI—China’s central bank kept borrowing costs of its medium-term policy loan unchanged for the third straight month as expected on Friday. The People’s Bank of China (PBOC) said it was keeping the rate on 150 billion yuan ($23.52 billion) worth of one-year medium-term lending facility (MLF) loans to some financial institutions unchanged at 2.85 percent…
Apple CEO Tim Cook Should Register as Chinese Agent: Experts
April 16, 2022
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appleBig TechCCPChinaChina Business & EconomyChinese RegimeFinance & Business TiesInfiltrating the WestInternational RelationsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaTime CookUS-China relations
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Apple CEO Tim Cook and other corporate leaders should be required to register as foreign agents due to their ties with the Chinese Communist Party (CCP), according to expert testimony received by an influential Congressional advisory body. “When Tim Cook comes to testify before Congress, he testifies as the head of an American multinational, said…
China’s Lockdown of Nearly 400 Million Set to Strike a Blow to Economy
April 16, 2022
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Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomychipGDPglobal supply chainSpecial Topicszero-COVID
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Factories have suspended production. Truckers are stuck on highways. Containers are piling up at ports. Shipping vessels have been waiting to unload. China’s economy is set to pay a price as the communist regime’s determination to stamp out the COVID-19 outbreak through harsh lockdowns have brought its manufacturing and commercial hubs, like Shanghai, to a…
China’s New Home Prices Stall Again as COVID-19 Damps Sentiment
BEIJING—Growth in new home prices in China was flat again in March versus the previous month, official data showed on Friday, pointing to fragile demand as growing COVID-19 lockdown measures dampened consumer confidence. Average new home prices in 70 major cities were unchanged on a month-on-month basis for the second time in a row, according…
US Pension Funds Invest Billions in Chinese Firms, Stoking National Security Concerns
April 15, 2022
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Business & EconomyCCPChinaChina Business & EconomyChina Human RightsChinese RegimeInternationalInvestmentmilitaryUnited StatesUS-China relations
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Recent actions by Republican lawmakers have called attention to the willingness of top U.S .pension funds to invest in Chinese companies that may have ties to the regime in Beijing and may play a role in enhancing the regime’s military and surveillance capabilities. Sen. Marco Rubio (R-Fla.) and two GOP colleagues, Sens. Tom Cotton (R-Ark.)…
Shanghai’s ‘Dynamic Zero-COVID’ May Stall Its Economic Engine
A Chinese media article said Shanghai cannot be put under lockdown, otherwise the core engine of China’s economy will be extinguished. Despite stringent lockdown measures, Party vice premier Sun Chunlan, who was visiting Shanghai on April 12, said the situation in the city was still grim and complex. In a commentary on April 10, Xinhua,…
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