Tag: China Business & Economy

Pilot’s Mental State A Potential Cause of Crash of China’s Eastern Airlines Flight MU5735, Expert Says

March 31, 2022
airlinesAsia & PacificChinaChina Business & EconomyChina EasternChinese Regimeco-pilotemotional distresspilotsplane crashSocial IssuesWorld
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New Analysis A plane crash in China that is believed to have killed all 132 people onboard has baffled aviation experts as many struggled to explain the Boeing 737’s sudden nosedive into the ground. Given Beijing’s history of non-transparent disclosure, The Epoch Times interviewed a senior Chinese-American pilot with extensive experience flying the Boeing 737,…

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Senators Urge Prohibiting Military Personnel Use of CCP-Linked Ride-Hailing Platform Didi

March 31, 2022
Business & EconomyCCPChinaChina Business & EconomyCompaniesDidiDidi ChuxingMarc RubiomilitaryNational SecurityPoliticsRepublicansTodd YoungUSUS NewsUS-China relations
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A pair of Republican lawmakers wrote a letter to the Departments of State and Defense warning of the risk posed by the Chinese ride-hailing giant Didi Chuxing over its links to the Chinese Communist Party (CCP). In a letter to Secretary of State Antony Blinken, Secretary of Defense Lloyd Austin, and Securities and Exchange Commission…

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Chinese Tech Giant Baidu Added to SEC List, Faces Potential Delisting From US

March 31, 2022
baiduBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniesHFCAAMarketsMedia & Big TechPolicies & ImpactsSecurities and Exchange CommissionstocksThreat from Communist ChinaUSUS-China relations
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U.S.-traded Chinese search giant Baidu Inc. is one of the latest companies, mostly China-based, to face possible delisting from American exchanges unless they abide by auditing standards. The Securities and Exchange Commission (SEC) added Chinese search engine Baidu on March 30 to its growing provisional list under Holding Foreign Companies Accountable Act (HFCAA), alongside other four firms….

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Chinese Tech Giant Baidu Added to SEC List, Faces Potential Delisting

March 31, 2022
baiduBusiness & EconomyChinaChina Business & EconomyChinese RegimeCompaniesHFCAAMarketsMedia & Big TechPolicies & ImpactsSecurities and Exchange CommissionstocksThreat from Communist ChinaUSUS-China relations
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U.S.-traded Chinese search giant Baidu Inc. is one of the latest companies, mostly China-based, to face possible delisting from American exchanges unless they abide by auditing standards. The Securities and Exchange Commission (SEC) added Chinese search engine Baidu on March 30 to its growing provisional list under Holding Foreign Companies Accountable Act (HFCAA), alongside other four firms….

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Biden Administration Actively Seeks ‘Realignment’ of US-China Trade Relationship: US Trade Chief

March 30, 2022
BusinessChinaChina Business & EconomyUnited StatesUS-China relationsWorld
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One of the highest priorities of the Biden administration’s trade agenda is resetting the U.S.-China trade relationship with a view to putting American farmers and exporters on a level playing field with their Chinese counterparts, U.S. Trade Representative Katherine Tai said on March 30. In a prepared statement before a House Ways & Means Committee hearing,…

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Foreign Investors Are Cutting China Exposure

March 30, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & EconomyinvestorsOpinionRussiaThinking About China
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Commentary Are global investors rethinking their allocation to China? Initial data suggests just that—investors are pulling money out of China at a dramatic pace since Russia’s invasion of Ukraine in February. The Institute of International Finance (IIF) noted in a recent report that investors cut their exposure to Chinese stocks and bonds at an “unprecedented”…

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Rising Shipping Costs Threaten to Raise Prices Around the World, Says IMF

March 29, 2022
Business & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & Economyeconomic policieseconomyIMF - International Monetary FundinflationMarketsRussia-Ukraine crisisshipping rateUncategorized
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The two-year global supply crisis is beginning to worsen again this month after easing due to the waning of the pandemic, as war in Ukraine and CCP virus lockdowns raise shipping costs and slow growth, according to the International Monetary Fund (IMF) on March 28. “The sea carries more than 80 percent of the world’s…

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Majority of Americans Support Sanctions on China If It Aids Russia: Poll

March 29, 2022
CCPChinaChina Business & EconomyChinese RegimeInternational RelationspollRussiasanctionsSpecial TopicsUncategorizedUS-China relations
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Nearly 75 percent of likely voters polled believe that President Joe Biden should issue similar sanctions on the Chinese Communist Party (CCP) as he has on Russia, if the CCP chooses to provide aid to Russia. The poll follows allegations by the U.S. State Department that CCP leadership was mulling a request for economic and…

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Shanghai Lockdown Stands to Exacerbate China’s Growing Economic, Social Problems: Expert

March 29, 2022
BusinessCCPChinaChina Business & EconomyHong KongSocial Issues
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Some of the harshest lockdown measures imposed anywhere in the course of the entire COVID-19 pandemic have led office workers in Shanghai to take the extraordinary step of sleeping in their offices in order to avert disruptions to their companies’ workflow. Some staff will be working in rotating shifts. Personnel of brokers, exchanges, and asset…

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Shanghai COVID Lockdown to Cost China’s Economy $29 Billion in 2 Weeks, Analysts Say

March 29, 2022
ChinaChina Business & EconomyShanghaizero-COVID
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A full-scale lockdown on China’s financial hub of Shanghai is likely to cost the economy 190 billion yuan ($29.8 billion) in two weeks, or 2 percent of gross domestic product (GDP), according to a minimum estimate by a Hong Kong economist. Almost 7 percent of the loss would be from the spillover effects to other…

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