Chinese people in Russia complained that the war has caused an economic recession. Society is now in chaos with people lining up to withdraw cash and to shop for goods, and the regime is arresting protesters who are against the war. Ignoring the suppression, Russian people were angry about the negative consequences of the invasion…
Russians Face Silencing and Economic Hardship Following Invasion of Ukraine
Chinese people in Russia complained that the war has caused an economic recession. The turmoil has caused chaotic schemes with people lining up to withdraw cash and to shop for goods, and the regime is arresting protesters who are against the war. They said that locals were angry about the negative consequences of the invasion…
US Companies Are Pessimistic About Investing in China Although Profitable: Survey
The latest survey showed that U.S. enterprises in China could make a profit, but are less optimistic about investing there because of intense U.S.-China relations, China’s inconsistent regulations, inferior market access for foreign companies, increasing labor costs, and the extreme COVID-zero policy. Fifty-nine percent of the survey respondents had increased profits in China in 2021, higher…
Beijing’s Strong Regulation Can’t Stop Chinese Capital Outflow, US Ultimately Benefits
China has had a long-standing problem of cash leaving the country. Much of the outflow is the result of corrupt officials transferring state-owned assets overseas. Last month, China’s central bank released a report on monetary policy that says stronger supervision has been implemented. But China experts doubt that it can prevent the ongoing flight of…
China Eases Control to Let Ruble Fall Faster Against Yuan
March 10, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyChinese Regimeeconomic policieseconomyEuropeEurope-China RelationsInternationalInternational RelationsMarketsrubleRussiaRussia-Ukraine WarUkraineUS-China relationsWorldyuan
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BEIJING—The Chinese regime is easing exchange rate controls to let the Russian ruble fall faster in value against the Chinese yuan to help insulate Beijing from economic sanctions on Moscow. The margin by which the ruble is allowed to fluctuate against the yuan in state-controlled daily trading will be doubled in size to 10 percent…
China’s 2021 ‘Accomplishments’: What Chinese Premier Li Didn’t Mention in His Economic Report
March 10, 2022
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News Analysis Watching the Chinese Communist Party’s (CCP) “democracy with Chinese characteristics” in action is illuminating, mind-boggling, and laughable. These also apply to formal presentations by Party officials to their rubber-stamp legislature, the National People’s Congress (NPC). Illuminating in the absurdity of the CCP’s ongoing efforts to insist that its version of “democracy” compares in…
How Much Can China Help Russia Amid Sanctions?
March 10, 2022
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ChinaChina Business & EconomyChinese RegimeeconomyEuropeInternational RelationsRussiaRussia-Ukraine WarsanctionsWorld
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News Analysis As sanctions cripple the Russian economy, Russian officials are likely to seek ways to prop up their economy. With the Chinese regime refusing to participate in Western sanctions and reiterating its “rock solid” friendship with Russia, it may present an avenue for Russia to circumvent the punitive measures. How Have Sanctions Affected Russia?…
Taiwan Looks to Be ‘Full Member’ of US Indo-Pacific Economic Framework
March 10, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyChinese RegimeeconomyframeworkGlobal ExpansionIndo-Pacific RegionInvestmentPolicies & ImpactsSpecial TopicsTaiwanThreat from Communist ChinaUSUS-China relationsWorld
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A senior Taiwanese minister said the self-ruled island is looking to be a “full member” of a U.S.-led economic framework in the Indo-Pacific region, given that Taipei is a “safe and reliable” partner and a key part of the global supply chain. “Taiwan is very willing to support the U.S. Indo-Pacific Economic Framework,” Chief Trade…
China Won’t Dare to Rupture Relations with US, Europe Over Russia-Ukraine Conflict, Economists Say
March 9, 2022
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ASMLBusiness & EconomyCCPChinaChina Business & EconomyeconomyEuropeEurope-China RelationsEuropean UnionInternational RelationsRussiaRussia-UkraineRussia-Ukraine WarRussia's invasionthe SWIFTUkraineUnited StatesWorld
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Although China and Russia have announced a “no limits” partnership, with “no forbidden areas of cooperation,” Beijing is unlikely to do anything to jeopardize its economic relationship with Europe and the United States, economists say, citing that China has long benefited from global integration and seeks to maintain the world economic order from which it…
LME Halts Trading After Nickel Prices See Record Run
March 9, 2022
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Business & EconomyChinaChina Business & EconomycommoditieseconomyEnvironmentEuropeInvestmentLondon Metal ExchangeMarketsNickelRussia ukraine conflictRussia-Ukraine WarScienceWorld
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The London Metals Exchange (LME) said it was forced to cancel all nickel trades on March 8, after the contract spiked as much as 111 percent to more than $100,000 per tonne, before trading was halted. The LME said the halt was due to the conflict Ukraine as well as the low-stock environment and high…
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