The Chinese Communist Party (CCP) should not expect future claims to sovereignty to carry any weight with the international community if it continues to undermine the sovereignty of Ukraine, according to U.S. Secretary of the Treasury Janet Yellen. “Whatever China’s geopolitical aims and strategies, we see no benign interpretation of Russia’s invasion nor of its…
World May Turn Away From China Economically If Beijing Doesn’t Take Firm Against Russia Amid War: Yellen
April 13, 2022
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World May Turn From China Economically If Beijing Doesn’t Take Firm Stand Against Russia Amid War: Yellen
April 13, 2022
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CCPChinaChina Business & EconomyChinese RegimeeconomyEurope-China RelationsFinance & Business TiesGlobal ExpansionInternational RelationssanctionsSpecial TopicsThreat from Communist ChinaUkraineUS-China relations
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The Chinese Communist Party (CCP) shouldn’t expect future claims to sovereignty to carry any weight with the international community if the Beijing regime continues to undermine the sovereignty of Ukraine, according to U.S. Treasury Secretary Janet Yellen. “Whatever China’s geopolitical aims and strategies, we see no benign interpretation of Russia’s invasion nor of its consequences…
The ‘Petroyuan’ Will Not Replace the Petrodollar in Oil Trading
April 13, 2022
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News Analysis Beijing has been pushing to replace the petrodollar with the “petroyuan” in its oil trade with Saudi Arabia, but it is unlikely to happen. Saudi Arabia exports $145 billion worth of oil per year, making it the world’s largest exporter. China buys $204 billion, qualifying it as the world’s largest buyer. Currently, Saudi…
Chinese Exports to Russia Decline After Invasion of Ukraine
China’s exports to Russia declined in March, official data showed on April 13, in a sign that Chinese companies may be displaying more caution when it comes to trading with Moscow following its invasion of Ukraine in February. Data shows that Chinese firms sold $3.8 billion worth of goods to Russia in March 2022, representing a 7.7 percent…
Guaranteeing the Financing Channel of Chinese Stocks, the CCP Rarely Makes Regulatory Concessions to the United States
On April 2, for the first time in 13 years, the China Securities Regulatory Commission (CSRC) revised the confidentiality clauses related to the listing of Chinese enterprises (China Concepts Stock) abroad, a rare concession by the Chinese Communist Party (CCP). According to experts, the CCP’s adjustment strategy is to obtain more foreign exchange from out…
China Blocks Highways To Curb COVID-19, 30 Million Truckers Stranded
Over 10 of China’s 34 provinces and regions blocked most entrances of their highways on April 11, and an estimated 30 million truckers are stuck on highways or in unfamiliar cities. “More than half of China can’t receive or send out goods. Thirty million trucker drivers are stranded during the deliveries,” reported by state-run Hubei…
International Shipbuilding Contracts Fuel Modernization of Chinese Navy: Report
April 12, 2022
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International demand for commercial ships is fueling the growth of the Chinese navy, according to a new report, which found that billions of dollars in foreign shipbuilding contracts could be being used by Beijing to fund new combat vessels. The new report by the Center for Strategic and International Studies, a security-focused think tank, found…
Taiwan iPhone Maker Pegatron Suspends Operations at Two China Plants
TAIPEI—Taiwan’s Pegatron Corp, which assembles iPhones for Apple Inc, said on Tuesday it had suspended operations at its Shanghai and Kunshan plants in China due to the strict COVID-19 protocols. The Chinese regime has put Shanghai under a tight lockdown since late March and neighbouring Kunshan has also tightened curbs to control the country’s biggest…
Bosch Halts Production at Two China Plants Due to COVID Curbs
SHANGHAI—German auto parts supplier Bosch on Tuesday said it has suspended production at two sites in the Chinese cities of Shanghai and Changchun as it follows government policies to contain a surge of COVID-19 cases. Bosch said it had paused production at a Thermotechnology factory in Shanghai and an automotive components site in Changchun in…
Another Stall in China’s Economy
News Analysis While the United States and Europe seem to have put the worst of the pandemic in the rearview mirror, COVID-19 still plagues China. A major rise in cases has forced lockdowns in Shanghai, the nation’s economic and financial center. It has done the same in other regions as well. Unless the authorities can…
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