Tag: China Business & Economy

The CCP Attacked H&M, Which Immediately Caved

March 16, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & Economyh&mInternational RelationsOpinionThinking About China
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News Analysis The story of H&M in China is the story of a global brand getting bullied into not only silence on human rights issues, but likely active support for the priorities of the Chinese Communist Party (CCP). H&M is a small entity compared with the CCP, which controls an economy of $14.7 trillion ($24.3…

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Global Supply Chains Brace for Further Shocks Due to China’s COVID Lockdowns

March 16, 2022
Asia & PacificBusiness & EconomyCCP VirusChinaChina Business & EconomyCOVIDeconomyINSIDE CHINAInternationallockdownSpecial Topicssupply chainWorld
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Anxieties are rising as the world watches China struggling to put down its purported worst outbreak in two years, shutting factories and locking down some of its busiest manufacturing hubs in a bid to curb the virus’ spread. Semiconductor developer Intel, Apple, automakers Toyota and Volkswagen are among the latest to suffer a halt of…

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China’s Central Bank Unexpectedly Keeps Medium-Term Policy Rates Unchanged

March 15, 2022
bankBusiness & EconomyChinaChina Business & Economyeconomic policiesMarkets
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SHANGHAI—China’s central bank kept some of its policy rates unchanged in a liquidity operation on Tuesday, dashing expectations for a cut, although investors believe policymakers may resume monetary easing soon to prop up the cooling economy. The surprise decision comes a day before the U.S. Federal Reserve is expected to deliver its first interest rate…

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China Will Struggle to Become a Dominant Economy: Think Tank

March 15, 2022
AustraliaAustralia-China tradeChinaChina Business & EconomyChina-Australia Relationschinese economic downturnInternational Relationsone-child policyWorld
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China will never have a “meaningful lead” over the U.S. and will remain “far less prosperous” and productive per person, even by the mid-century, a Sydney-based think tank has said. In its new analysis paper, “Revising Down the Rise of China,” the Lowy Institute said it believes that China’s economic growth will slow to an…

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China’s Share of the Lithium Market Is Staggering

March 15, 2022
Business & EconomyBusiness ColumnistsChinaChina Business & EconomylithiumOpiniontechnologyThinking About ChinaUS-China relations
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News Analysis “China controls the processing of pretty much all the critical minerals, whether it’s rare earth, lithium, cobalt or graphite,” said Pini Althaus, CEO of USA Rare Earth It is estimated that mainland China has 75 percent to 80 percent of the global lithium battery supply. This is not a mistake. China may have…

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Tesla Raises Prices for Second Time in Days on Rising Costs

March 15, 2022
Business & EconomycarsChinaChina Business & EconomycommoditiesCompaniesEuropeinflationMarketsRussia-Ukraine WarteslaWorld
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BEIJING—Tesla Inc. raised its prices in China and the United States for the second time in less than a week, after CEO Elon Musk said the U.S. electric carmaker was facing significant inflationary pressure in raw materials and logistics. The increases come as costs of raw materials are surging, exacerbated by supply chain disruptions following…

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Experts Analyze Impetus Behind Chinese Buying Out Russian Goods Online

March 15, 2022
ChinaChina Business & Economychina-russia relationsChina-Russia tradeChinese RegimeEuropeRussia-Ukraine WarsanctionsWorld
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Russian goods on Chinese e-commerce platforms have recently been sold out after a flurry of buying by Chinese netizens, so much so that a Russian delegate personally came forward to call on them to consume rationally. Analysts believe that this approach will not help the economy of Russia amid Western sanctions. Recently, many Chinese netizens…

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US Software Company Drops Chinese Drone Maker DJI Over Russia-Ukraine War

March 15, 2022
Business & EconomyChinaChina Business & EconomyCompaniesDJIdroneEuropeFigmaInternational RelationsRussia-UkraineRussia-Ukraine WarTechTech NewstechnologyUSUS NewsUS-China relationsWorld
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Figma, a fast-growing U.S. provider of vector graphics editing softwares, closed access to its services for the world’s leading drone maker, China’s DJI, on March 12, according to Chinese state-run media China Fund on March 13. The financial newspaper operated by the People’s Daily posted an email that it is was sent by Figma to DJI….

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Russia to Continue Financial Operations With China Through Chinese Banking System UnionPay

March 15, 2022
Business & EconomyChinaChina Business & Economychina-russia relationseconomic policieseconomyEuropeMarketsRussia-UkraineRussia-Ukraine WarWorld
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Following the suspension of Visa and Mastercard services in Russia, at least three Russian banks have announced plans to use China’s UnionPay system to continue their financial operations. Analysts say that Russia’s strategy of evading Western sanctions through the Chinese financial system puts the Chinese Communist Party (CCP) at risk of consequences as well. On…

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Russia to Continue Financial Operations With China Through Chinese Payment System UnionPay

March 15, 2022
Business & EconomyChinaChina Business & Economychina-russia relationseconomic policieseconomyEuropeMarketsRussia-UkraineRussia-Ukraine WarWorld
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Following the suspension of Visa and Mastercard services in Russia, at least three Russian banks have announced plans to use China’s UnionPay system to continue their financial operations. Analysts say that Russia’s strategy of evading Western sanctions through the Chinese financial system puts the Chinese Communist Party (CCP) at risk of consequences as well. On…

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