News Analysis The West has rejected Russian President Vladimir Putin’s demand that gas payments be made in rubles. China is offering the yuan, but prospects are dim. On March 23, Moscow listed 48 countries as “unfriendly” and said it would require these countries to pay for commodity purchases in rubles. Those countries— including European Union…
Chinese Takeover of UK Tech Firm Not Probed Despite Prime Minister’s Pledge: Lawmakers
April 5, 2022
admin
5GBoris JohnsonBusiness & EconomyChinaChina Business & EconomyChinese Regimechinese takeoverCompaniesEurope-China RelationsHouse of CommonsHuaweiInternational RelationsmicrochipsNewport Wafer FabNexperiasemiconductorTechTech NewstechnologyTom TugendhatUKWingtechWorld
0 Comment
A security review pledged by Prime Minister Boris Johnson into a Chinese takeover of one of Britain’s biggest microchip factories does not appear to have taken place, a UK parliamentary committee has said. Newport Wafer Fab (NWF), based in Wales, specialises in manufacturing the more advanced compound semiconductors, which is the key technology used in…
Russia, China Woes Risk Worst EM Corporate Default Wave Since Financial Crash: JPMorgan
April 4, 2022
admin
Business & EconomyChinaChina Business & EconomyChina property sectoreconomic policieseconomyEuropeJPMorganMarketsRussia-Ukraine WarWorld
0 Comment
LONDON—JPMorgan has warned that the combination of Russia’s war in Ukraine and China’s ongoing property crash could see the worst wave of corporate defaults since the global financial crisis. A new report from the bank’s analysts on Monday estimated the emerging market-wide default rate would now reach 8.5 percent, more than double the 3.9 percent…
China Books Biggest Deal for US Corn Since May 2021
April 4, 2022
admin
2021biggestBusiness & EconomyChinaChina Business & Economycorndealeconomic policieseconomyInternational RelationsMarketsUSUS NewsUS-China relations
0 Comment
CHICAGO—Chinese buyers bought 1.084 million tonnes of U.S. corn, their biggest purchase of U.S. grain since May 2021, the U.S. government said on Monday. The deal comes as shipments from Ukraine, the world’s fourth biggest exporter of corn, are snarled following Russia’s invasion. China had been a big buyer of Ukrainian corn and the fighting,…
China and Russia Likely to Lead New Bloc Rivaling the West Unseen Since Cold War: Analyst
The news that Sinopec, China’s state-run oil refiner, has canceled plans for a half-billion-dollar investment in Russia’s energy sector does not portend a general decoupling of the economies of China and Russia. On the contrary, it signifies a temporary halt to an economic partnership that is likely to grow in size and complexity as world…
Under Pressure of Sanctions, China’s Sinopec Halts Investment in Russia
April 4, 2022
admin
Business & EconomyChinaChina Business & Economychina-russia relationsChinese RegimeEurope-China RelationsInternational RelationsMarketsRussia-Ukraine
0 Comment
Bejing has openly opposed the West-led economic sanctions on Russia while insisting it would maintain normal trade exchanges with the country despite its invasion of Ukraine. However, Chinese authorities have recently urged state-run companies to be cautious about their investment in Russia, due to fears it may also be subjected to similar sanctions. Quoting insiders,…
China’s First Quarter Economy: Less Confidence, Less Liquidity
News Analysis This year, Beijing set the lowest GDP growth target in decades at 5.5 percent. At the close of the first quarter, economic indicators suggest that China will not achieve even this modest growth due to the Russia-Ukraine war and extreme lockdowns of major commercial centers—such as Shanghai and Shenzhen—over a recent surge in…
Foreign Investors Pull Out of China Market, State-Owned Capital Injected
Foreign capital started flowing out of China on a large scale in March. While foreign investors scrambled to sell out Chinese stocks and bonds, state-owned capital has been infilling the market in a bid to maintain its stability and stave off a possible financial crisis. The retreat of foreign capital affected the Chinese stock market,…
China High-Speed Rail Line Ordered to Urgent Halt En Route Due to Chief Conductor Diagnosed With COVID
April 2, 2022
admin
CCP VirusChinaChina Business & EconomyChinese RegimeCOVIDINSIDE CHINASpecial TopicsUncategorizedzero-COVID
0 Comment
A running high-speed rail line in southern China was called to suspend service after receiving a notice announcing that its manager had been diagnosed with COVID-19. At around 16:00 local time on March 30, China’s railway authorities ordered Train G2190 to immediately interrupt its trip, citing that its chief conductor surnamed Tang tested positive, according…
China’s Largest Banks Signal Tough Times Ahead
SHANGHAI—Five of China’s largest banks have said the country’s lenders face multiple headwinds this year that include the pandemic, global politics, and domestic turmoil in the real estate industry. On Wednesday, the world’s largest lender Industrial and Commercial Bank of China (ICBC), warned that China faces “shrinking demand, disrupted supply, and weakening expectations” in its…
-
Recent Posts
-
Archives
- May 2025
- April 2025
- July 2023
- June 2023
- May 2023
- April 2023
- March 2023
- February 2023
- January 2023
- December 2022
- November 2022
- October 2022
- September 2022
- August 2022
- July 2022
- June 2022
- May 2022
- April 2022
- March 2022
- February 2022
- January 2022
- December 2021
- November 2021
- October 2021
- September 2021
- August 2021
- July 2021
- June 2021
- May 2021
- April 2021
- March 2021
- February 2021
- January 2021
- December 2020
- September 2013
- July 2013
- March 2013
- January 2013
- December 2012
- November 2012
- December 1
-
Meta