Tag: China Business & Economy

‘Stop Using Blood Money’: Ukrainian Vice PM Calls on China’s UnionPay to Cut Services in Russia

March 13, 2022
Business & EconomyChinaChina Business & EconomyChinese languageChinese Regimeeconomic policiesEuropeFinance & Business TiesRussia-Ukraine WarSpecial TopicsUkraineUnionPayWorld
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Ukraine’s Vice Prime Minister Mykhailo Fedorov has urged China’s state-owned UnionPay to align with global sanctions and cut ties with Russia. “Russian money is bloody! It helps Russian missiles attack dwelling houses, kindergartens, and hospitals in Ukraine, and kill civilians!” Fedorov posted in Chinese on Twitter on March 12, calling on UnionPay International (UPI), a…

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China Risks Missing Economic Growth Target by Supporting Russia

March 13, 2022
ChinaChina Business & EconomyOpinionRussiasanctionsThinking About China
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News Analysis Beijing has a number of options to offset the impact of Western sanctions on Moscow, but none are big enough to save Russia, and all would decrease China’s chances of hitting its 5.5 percent growth target, which is already the lowest in decades. Just before the Ukraine invasion, Beijing and Moscow signed an…

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US and EU Shift Fuel Imports From Russia to China ‘Clean’ Energy

March 13, 2022
ChinaChina Business & EconomyenergyEurope-China RelationsInternational RelationsOpinionRussiaThinking About ChinaUS-China relations
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News Analysis The Ukraine war is driving sanctions on Russia that limit sources of oil and gas for U.S. and European markets. Buyers are now seeking alternate non-Russian sources, driving renewed interest in renewable energy such as wind and solar—both sectors in which Chinese companies are increasingly competitive. Energy buyers are also seeking oil and…

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Beijing, Under Growing Economic Pressure, Likely to Ease or End COVID-Zero Policy

March 12, 2022
Asia & PacificCCP VirusChinaChina Business & EconomyChinese RegimeCOVID zeroDynamicINSIDE CHINAthe Chinese regimeWorld
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Beijing is likely to relax or lift its long-held “dynamic zero” coronavirus policy as China faces mounting economic pressure. On March 5, Chinese leader Xi Jinping for the first time changed his wording on the pandemic, dropping talk of a “dynamic zero” and instead urging party officials to “hold the bottom line of preventing the…

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‘Understanding China’ in Light of the Ukraine Crisis

March 12, 2022
CanadaCCPChinaChina Business & EconomyCynthia WatsonInternational RelationsOttawa Conference on Security and Defence 2022RussiaSocial IssuesTaiwanUkraineWorld
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A member of the U.S. National Committee on U.S.-China Relations, speaking at a defence conference in Ottawa, provided her views on Beijing’s motivations and outlook for its relations with Russia.

Hundreds of Millions of Chinese Need Jobs: Premier Li Keqiang

March 12, 2022
ChinaChina Business & EconomyChina economychina unemploymentChinese RegimeLi KeqiangSocial Issues
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In 2022, 16 million Chinese people will join the workforce and need a job. At the same time, almost 300 million migrant workers will enter the cities, to earn money to feed their families in villages back home, Chinese Premier Li Keqiang said on March 11. In 2022, hundreds of thousands of veterans will leave…

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US Senators Sound Alarm on China’s Digital Currency Amid Sanctions on Russia

March 11, 2022
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As Russia is hit by a spate of sanctions from around the globe, a group of U.S. lawmakers want new standards and guidelines for dealing with the Chinese Communist Party (CCP) central bank’s digital yuan, the digital currency of Moscow’s top trade partner and closet strategic partner. “If left unchecked, technologies including China’s Digital Yuan…

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Uncertainty a Boost to Chinese Stocks?

March 11, 2022
BeijingBusiness & EconomyBusiness ColumnistsChinaChina Business & EconomyChinese stocksOpinionRussiaThinking About China
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Commentary So far in 2022, the Chinese stock market has outperformed expectations.  After spending most of 2021 on the “uninvestable” list, Chinese stocks have been boosted by two external developments. Last year was punishing for most investors with mainland Chinese exposure. Besides China’s uneven economic recovery due to its restrictive COVID policies, regulators spent the…

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China’s Central Bank Hands Over 1 Trillion Yuan Profit for Fiscal Spending, Risking Inflation

March 11, 2022
Business & EconomyChinaChina Business & EconomyChina economyfiscal deficitPBoC
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China’s central bank will transfer more than one trillion yuan ($158 billion) in profits to the finance ministry this year to help fund fiscal spending and bolster the slowing economy. Economists liken it to the central bank pumping money into the economy at the risk of inflation. China’s inflation risks are building as producers pass…

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Can Trust Principles Defend America Against Communist China? Keith Krach Explains

March 10, 2022
5GChinaChina Business & EconomyChina Human RightsChina InsiderClean NetworkEpochTVinvasionKeith KrachPutinTaiwanThreat from Communist ChinaUkraineUS-China relations
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I spoke with Keith Krach, former under secretary of state for Economic Growth, Energy and the Environment, about how to combat China’s growing malign influence in high tech, economic, and political domains—using the tools of the free market, trust, and partnership against China’s growing authoritarian circle. We discuss the Trump State Department, Krach’s historic visit…

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