The COVID-19 pandemic continues to spread in China’s northeastern province of Jilin. Changchun City, the provincial capital, has been under lockdown since March 11. Farmers who went there to do temporary work in the winter are stuck in the city and cannot return home for spring plowing and planting. The Changchun City Pandemic Prevention Department…
Chinese Farmers Stranded in Locked-Down City, Spring Planting Delayed
China Sells Western Currency and Oil Assets to Avoid Sanctions
News Analysis China is shifting its global asset portfolio in response to sanctions on Russia and is in the process of stabbing the West in the back. Having seen the avalanche of economic pain imposed by the West on Russia—from the confiscation of oligarch yachts to the freezing of most of Moscow’s $630 billion in…
China Won’t Easily Remove Its Listed Companies from US Stock Exchanges
China won’t easily remove its listed companies from U.S. stock exchanges because these companies hold significant meaning to the Chinese Communist Party (CCP). At the same time, Chinese authorities are unwilling to comply with U.S. audit requirements because such audits might uncover fraud and the fact that these companies are state-controlled, which violates U.S. regulations….
China Cuts Reserve Requirements for Banks as Economy Slows
BEIJING—China said on Friday it would cut the amount of cash that banks must hold as reserves for the first time this year, releasing about 530 billion yuan ($83.25 billion) in long-term liquidity to cushion a sharp slowdown in economic growth. The People’s Bank of China (PBOC) said on its website it would cut the…
Leaked Emails Link Nephew of Whitey Bulger to Hunter Biden’s China Business Venture
April 15, 2022
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Asia & PacificbidenBusiness & EconomyChinaChina Business & EconomyCompaniesHunter BidenJames BulgerUSUS NewsUS-China relationsWhitey BulgerWorld
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The nephew of Boston crime boss James “Whitey” Bulger was a business associate of Hunter Biden and played an active part in furthering his business ventures in China, leaked emails show. The Boston mobster was a high-profile figure in the city’s organized crime scene from the 1970s to the 1990s and had for years been…
Hunter Biden Worked With Nephew of Boston Crime Boss on China Business Venture: Leaked Emails
April 15, 2022
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Asia & PacificbidenBusiness & EconomyChinaChina Business & EconomyCompaniesHunter BidenJames BulgerUSUS NewsUS-China relationsWhitey BulgerWorld
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The nephew of Boston crime boss James “Whitey” Bulger was a business associate of Hunter Biden and played an active part in furthering his business ventures in China, leaked emails show. The Boston mobster was a high-profile figure in the city’s organized crime scene from the 1970s to the 1990s and had for years been…
Chinese Economy Going Backward to Mao’s Era; Restoring US Economy to Compete Against the CCP
April 14, 2022
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america firstcapitalismCCPChinaChina Business & EconomyChina InsidereconomyEpochTVKen Blackwelllockdownnational marketShanghaisocialismUS-China relations
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China is pushing for a nationwide market economy. But is it capitalism or a state-planned economy? We break down what the new proposal means for China’s economic future and if the world will be affected by it. We also speak with Ken Blackwell on how to best compete against China. Republicans call the current competition…
US Lacks Capability to Counter China’s IP Theft, Anti-Competitive Behavior: Expert
The Chinese Communist Party (CCP) is engaged in anti-competitive and anti-free market practices on a global scale, according to experts, who said that the United States lacked adequate non-security-related tools to defend its interests. “Core Chinese practices, such as forced technology transfer, restrictive market access, and industrial subsidies, have been a concern for U.S. policymakers…
Beijing Is Restoring China’s Farmlands to Prevent Food Shortages Amid Russia-Ukraine War
News Analysis The Chinese Communist Party (CCP) is pushing local authorities to reconvert fishponds and orchards back to arable land in order to increase farmland and mitigate a food crisis. However, this move has threatened the livelihood of locals, with some claiming that they were not fully compensated for their losses. Some experts warn that…
China Ramps up Infrastructure Investment Despite Near-Saturated Market
China doubled its investment in major infrastructure projects in the face of downward economic pressure, with total investment exceeding 1 trillion yuan (about $156.8 billion) in early 2022. Given that the country’s infrastructure is close to saturation, such a move might not be effective, a financial source believes. “Ramping up infrastructure investment is likely difficult…
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