Tag: China Business & Economy

Volkswagen Panders to China

March 19, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & EconomyOpinionThinking About ChinaVolkswagen
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News Analysis Volkswagen (VW) doesn’t seem to care much about China’s support of Russia during its Ukraine invasion. Neither, apparently, is the German company showing exceeding concern about the genocide in Xinjiang (where it has a factory that employs about 650 people). VW is not quite committed to an increase of its manufacturing in the…

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Chinese Businessmen: Enterprises Are Dying Under COVID-Zero Policy

March 19, 2022
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China is reporting numerous COVID-19 outbreaks around the country. Entrepreneurs complain that the zero-tolerance policy has locked their factories, employees, and transportation facilities. They’re worried their businesses will die soon. Changchun In northeastern China’s Changchun city, a transportation business owner Zhao (pseudonym) complained that all his drivers were locked-in at home, and the transport trucks…

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China’s ‘Zero-COVID’ Threatens Manufacturers and Global Supply

March 19, 2022
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Just as the Russia-Ukraine war affects the world’s food and energy supply, China’s zero-COVID policy under the raging Omicron variant further threatens the global supply chain. Chinese officials announced that as of March 15,  Omicron has spread to 28 provinces in China, and at least 385 cities have reported confirmed cases. Consequently, many cities are…

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America’s Security Requires Ending Reliance on China Supply Chains: Rep. Harshbarger

March 19, 2022
ChinaChina Business & EconomyCompaniesUnited StatesUS-China relationsWorld
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One thing that the pandemic has made starkly evident is that it is urgent for the United States to become better able to serve its own needs in the areas of pharmaceuticals, pandemic readiness, and energy, according to Rep. Diana Harshbarger (R-Tenn.). Continuing to rely on China, a geopolitical rival with close ties to many…

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China Downgrades ‘Common Prosperity’

March 18, 2022
ChinaChina Business & EconomyChinese Regimecommon prosperityLi KeqiangOpinionThinking About ChinaXi Jinping
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News Analysis A few months ago, Chinese leader Xi Jinping touted “common prosperity.” But in recent weeks, Beijing has barely mentioned it and instead began referring to a modified version of the policy, called “third distribution.” “Common prosperity” is broadly believed to be a method of “killing the rich to help the poor,” which means…

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China, Russian Oil, and the Iran Nuclear Deal

March 18, 2022
ChinaChina Business & EconomyChinese RegimeIranOilOpinionRussiaThinking About ChinaUS-China relations
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News Analysis In violation of U.S. sanctions, China has been purchasing Iranian oil. Now, the United States may lift the sanctions on Iran to replace oil lost from Russia, in which case China will have cheap oil from Russia. The United States is leading a collaborative effort among its allies to cut off Russia’s gas…

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China’s Consumption Continues to Decline, No Specific GDP Growth Target for 2021–2025

March 18, 2022
ChinaChina Business & EconomyChina GDPconsumer confidence
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The People’s Bank of China (PBoC) released the “February 2022 Financial Statistics Report” on March 11, showing that China’s consumption continued to decline in February. Loans in February decreased by 125.8 billion yuan (about $20.1 billion) year-on-year, of which medium- and long-term loans to residents declined for the first time in the past 15 years….

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Global Fertilizer Supply Shrinks Amid Sanctions Against Russia and Belarus

March 18, 2022
BelarusBusiness & EconomyChinaChina Business & EconomycommoditieseconomyEuropeFertilizer SupplyinflationInternationalMarketsRussiaRussia-Ukraine WarsanctionWorld
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The global fertilizer supply chain will be bracing for a shortfall due to sanctions and restrictions imposed on Russia and Belarus, while the two countries’ potassium fertilizer exports combined are about 40 percent of the global market. Following western sanctions against Russia for its escalating invasion of Ukraine, the world’s three largest container shipping companies,…

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China Fears Food Shortages Due to Russia-Ukraine War

March 18, 2022
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News Analysis China is concerned about its food supplies as the Russia-Ukraine war threatens various supply chains. Chinese authorities are calling on farmers to increase food production. Russia and Ukraine are important grain exporters, supplying nearly 30 percent of wheat and nearly 20 percent of corn in the global market. The impact on Russia’s natural…

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China the Main Beneficiary of Sanctions Against Russia

March 17, 2022
AustraliaBusiness & EconomyChinaChina Business & EconomyCrown Prince Mohammed bin SalmaneconomyEuropeglobal oil pricesInternationalIranJoe BidenOpinionRussia-Ukraine WarRussian oilRussian sanctionsSaudi ArabiaSaudi Arabia oil productionViewpointsWorldXi Jinping
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Commentary With the United States and many European Union countries imposing trade sanctions on Russia and banning the import of Russian oil, it is timely to see who the losers and winners are of this ban. As I have previously written, trade sanctions rarely hurt the country that they are imposed on as they are…

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