At least 300 migrant workers constructing makeshift hospitals in China’s Jilin Province were infected with COVID-19 due to the harsh living environment and lack of protection. Now, these workers have been quarantined in those makeshift hospitals, all the while having not received payment for their labor, but forced to pay for quarantine. “We are diagnosed…
Hundreds of Migrant Workers Constructing Makeshift Hospitals in China Are Diagnosed With COVID-19
March 29, 2022
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Asia & PacificCCP VirusChinaChina Business & EconomyChinese Regimeconstruction workersCOVID-19HarbinINSIDE CHINAJilinmakeshift hospitalWorld
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Tencent Reports Smallest Quarterly Revenue Growth in 18 years
March 29, 2022
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Business & EconomyChinaChina Business & Economychina tech crackdownCompaniesMedia & Big TechPony MaTencent Group
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China’s Tencent Holdings has reported its smallest quarterly revenue growth in 18 years amid Beijing’s regulatory clampdown on big tech firms. The company recently released its Q4 and full-year financial reports for 2021. Its Q4 revenue increased 8 percent year-on-year, the slowest growth since the company went public in 2004. Its non-IFRS net profit in…
Beijing’s Failure to Take Credible Action Against Fentanyl Trade Requires New Strategy: Experts
March 28, 2022
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BusinessCCPChinaChina Business & EconomyChinese RegimeInternationalUnited StatesUS-China relationsWorld
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Beijing’s response to U.S. requests in the course of a long campaign to stem the flow of fentanyl from labs in China to the cities and towns of America, where overdose deaths from opioids and other drugs now exceed 100,000 per year, has proven inadequate as the drug supply chain adapts to find new outlets….
Evergrande Electric Vehicle Arm to Start Taking Car Orders ‘Imminently’
March 28, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompanieseconomyelectric vehicleevergrandeHK BusinessHong KongInternationalWorld
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HONG KONG—China Evergrande New Energy Vehicle Group said it will start accepting orders for its inaugural electric car, the Hengchi 5 sport utility vehicle, “imminently” and open sales centres in 15 major cities across the country. Liu Yongzhuo, president of the electric vehicle (EV) arm of the world’s most indebted property developer, China Evergrande Group,…
Weibo Becomes China’s Sixth Company Flagged by SEC for Potential Delisting
March 28, 2022
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Business & EconomyChinaChina Business & EconomyCompaniesdelistingHFCAAMedia & Big TechPCAOBUSUS-China relationsWeibo
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Nasdaq-listed Weibo became the sixth Chinese company flagged by the Securities and Exchange Commission (SEC) for possible delisting from the U.S. market. Weibo, the Twitter equivalent in China, Nasdaq.com reported on March 24, will “evaluate all strategic options.” The SEC seems to have accelerated the implementation of a 2020 law banning foreign companies from U.S….
Weibo Becomes 6th Chinese Company Flagged by SEC for Potential Delisting
March 28, 2022
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Business & EconomyChinaChina Business & EconomyCompaniesdelistingHFCAAMedia & Big TechPCAOBUSUS-China relationsWeibo
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Nasdaq-listed Weibo became the sixth Chinese company flagged by the Securities and Exchange Commission (SEC) for possible delisting from the U.S. market. Weibo, the Twitter equivalent in China, Nasdaq.com reported on March 24, will “evaluate all strategic options.” The SEC seems to have accelerated the implementation of a 2020 law banning foreign companies from U.S….
Russian-Ukraine War Hurts Global Economy, CCP to Lose More In Long Run: Strategist
March 27, 2022
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ChinaChina Business & Economychina-russia relationsEuropeInternationalInternational RelationsOil pricePolicies & ImpactsRussia-UkraineRussia-Ukraine WarUSUS-China relationsWorld
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The Russian-Ukrainian war has caused both Russia and Ukraine to suffer, and the global economy has also been dealt a heavy blow. However, some countries have benefited more than others from the war. Mike Sun, a North American investment strategist and China expert, stated that resource-based economies, such as Canada and Australia, have benefited relative…
Russian-Ukraine War Hurts Global Economy, CCP to Lose More In Long Run: Analyst
March 27, 2022
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ChinaChina Business & Economychina-russia relationsEuropeInternationalInternational RelationsOil pricePolicies & ImpactsRussia-UkraineRussia-Ukraine WarUSUS-China relationsWorld
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The Russian-Ukrainian war has caused both Russia and Ukraine to suffer, and the global economy has also been dealt a heavy blow. However, some countries have benefited more than others from the war. Mike Sun, a North American investment strategist and China expert, stated that resource-based economies, such as Canada and Australia, have benefited relative…
China’s Insider Influence Over Metals Trading Creates Advantage for Its Domestic Enterprises
March 27, 2022
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Business & EconomyBusiness ColumnistsChinaChina Business & EconomyCompaniesInvestmentMarketsMetals TradingNickelTHGTsingshan
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Commentary Chinese stainless steel giant Tsingshan Holding Group (THG) has for many years relied on short selling to reduce its future costs for nickel, a key component of stainless steel and a major ingredient in lithium-ion batteries. But rather than nickel prices falling as hoped, the price skyrocketed to over $100,000 per ton on March…
Ukraine War Fallout Could Trigger a Significant Shift Away From China, Analyst Says
March 26, 2022
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Business & EconomyChinaChina Business & Economyeconomic policiesEuropeFinance & Business Tieshuman rightsInternationalInternational RelationsInvestmentRussiaRussia-Ukraine WarSpecial TopicsUkraineUS-China relationsWorld
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The globe could begin to see a “significant shift away from China” as the world reevaluates its business ties with the regime in the aftermath of the Russia-Ukraine war, according to economic analyst Christopher Balding. Balding—a senior fellow at the Henry Jackson Society, a UK trans-Atlantic foreign policy think tank, who specializes in Chinese economy…
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