Tag: China Business & Economy

Subway Inks Deal for 4,000 New Sandwich Shops in China Over Next 20 Years

June 6, 2023
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NEW YORK—Subway reached an agreement with a master franchisee to open nearly 4,000 new sandwich shops across mainland China over the next 20 years, it said on Tuesday. International expansion is a key growth strategy for the privately owned U.S.-based chain, which is in the midst of a turnaround plan that also relies on remodeled…

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Trudeau Foundation Has Investments in Chinese Companies Flagged for Security Risks, Says Former Board Member

June 5, 2023
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The Trudeau Foundation has investments in Chinese companies Baidu and Tencent, a former board member told MPs on a parliamentary committee. Both companies have been subjects of security warnings. The Trudeau Foundation was created with a $125 million endowment from the federal government in 2001 in memory of former prime minister Pierre Elliot Trudeau, to…

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China’s Corporate Layoffs Aggravate Unemployment

June 5, 2023
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Chinese companies have been laying off employees since 2023, aggravating an unemployment crisis among Chinese youth. According to the Chinese Communist Party (CCP), the unemployment rate of urban youth aged 16 to 24 reached 20.4 percent in April. One expert believes that while this figure could be far lower than the actual one, it is…

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Ukraine Conflict Sidelines China-Europe Railway Express

June 2, 2023
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A critical part of China’s Belt and Road Initiative (BRI), the China-Europe Railway Express has expanded by more than 20 percent a year in recent years. However, over the past year, the railway’s growth has slowed dramatically. Its business has declined with most European countries—with the exception of Russia, which now dominates Europe’s trade with…

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Musk’s Business Ties to China Involves National Security Risks: Expert

June 1, 2023
Business & MarketsChinaChina Business & EconomyChina NewsCompaniesElon MuskMarketsNational SecurityteslaThreat from Communist ChinaUSUS-China relations
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Tesla CEO Elon Musk’s deepening relationship with China involves national security and business risks, according to Jon Pelson, author of “Wireless Wars, China’s Dangerous Domination of 5G and How We’re Fighting Back.” Pelson, former chief convergence officer for British Telecom, referred to Musk’s unannounced trip to China on May 30—his first visit to the country…

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Musk’s Business Ties to China Pose National Security Risks: Expert

June 1, 2023
Business & MarketsChinaChina Business & EconomyChina NewsCompaniesElon MuskMarketsNational SecurityteslaThreat from Communist ChinaUSUS-China relations
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Tesla CEO Elon Musk’s deepening relationship with China involves national security and business risks, according to Jon Pelson, author of “Wireless Wars, China’s Dangerous Domination of 5G and How We’re Fighting Back.” Pelson, former chief convergence officer for British Telecom, referred to Musk’s unannounced trip to China on May 30—his first visit to the country…

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China Prioritizing Gas Pipeline Projects With Central Asia Over Russia

June 1, 2023
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News Analysis China’s top leader Xi Jinping appears to be prioritizing cooperation with Central Asia for gas pipelines, having urged the accelerated construction of a fourth pipeline to the region during a meeting with heads of state from the five Central Asian countries in May. Meanwhile, Russia has been pushing China, without success, for the construction…

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China Factory Activity Slows, Adding to Economic Strains

June 1, 2023
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BEIJING—China’s manufacturing slowdown deepened in May as consumer and export demand weakened, a survey showed Wednesday, adding to signs an economic rebound following the end of anti-virus controls is slowing. Chinese leaders are under pressure to shore up the recovery after a survey found a record 1 in 5 young workers in cities were unemployed….

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Republican Presidential Candidate Vivek Ramaswamy ‘Deeply Concerned’ Over Musk’s China Visit

June 1, 2023
2024 electionBusiness & MarketsChinaChina Business & EconomyChina NewsCompaniesElon MuskFinance & Business TiesInvestmentMarketsPoliticsRepublican CandidatesRepublicansSpecial TopicsteslaThreat from Communist ChinaUSUS NewsUS-China relationsVivek Ramaswamy
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Republican Presidential candidate Vivek Ramaswamy is “deeply concerned” that Tesla CEO Elon Musk met with China’s foreign minister this week, while reportedly revealing an opposition to economic decoupling between the United States and China. Taking to Twitter on May 31, Ramaswamy said he was breaking an “unspoken rule in the GOP” by sharing his concerns about the billionaire’s…

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US Debt Default Could Help China Dethrone the Dollar

May 31, 2023
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As the June 5 deadline for a decision on the U.S. debt ceiling looms, China could gain the upper hand in global influence if the United States defaults on its $31.4 trillion debt. Amid political tensions and struggles for trade dominance, the debt ceiling debate is poised to have a significant impact on the U.S. dollar, both…

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