Property prices in a small city in China’s northeastern Heilongjiang Province nosedived in 2021 to the point they are the lowest in the country, and the local government is China’s first to undergo fiscal consolidation. Hegang, a city with a population of less than 900,000, is regarded as a Tier 5 city in China. As…
Property Prices Nosedive in Small China City, Compounding Fiscal Woes: Experts
China Faces Youth Unemployment Crisis as Record 10 Million Fresh Graduates to Enter Job Market
Youth employment has emerged as one of Beijing’s most pressing challenges—with more than 10 million fresh graduates expected to enter the labor market this year—given the ongoing economic slowdown, property sector slump, and other difficulties. As a record 10.76 million new college graduates are set to enter the competitive job market this summer, China’s National Development…
China Broke Its Promise to Import an Extra $200 Billion From America
News Analysis On Jan.15, 2020, then-President Donald Trump announced a historic trade deal with Beijing that had two deadlines for increased imports, summing to $200 billion, from China. Both deadlines passed after the election of Joe Biden, yet his administration has done nothing concrete in response. President Biden’s trade representative told Congress in a new…
China Scrambling to Seize Pricing Power in Global Iron Ore Market
The China Iron and Steel Industry Association (CISA) revealed its “Cornerstone Plan” on Jan. 10, aimed at mining more iron ore domestically and reducing import dependence, as well as increasing equity mines and exploring scrap steel resources outside China. The plan is seen as part of China’s long-term efforts to control iron ore pricing in…
‘Make-Big’ Ambitions Plunge Chinese Real Estate Sector Into Debt Over-Load
News Analysis While Vanke, a major Chinese real estate development company, set its target on fighting to survive in 2022, another real estate giant Evergrande was on the verge of a liquidity crisis. In the past years, changing policies and the “making-big” ambition of China’s Communist government have tipped the country’s real estate sector into…
China Accused of Failing to Buy More Maine Lobster
PORTLAND, Maine—China has failed to live up to its promise to buy more Maine lobster, Maine’s congressional leaders say. Maine’s lobster industry was hurt by retaliatory Chinese tariffs in 2018 and failed to see substantial export gains after China committed to buying an additional $200 billion in U.S. goods, the delegation contends. Under the “Phase…
China Strengthens Security Ties With Nigeria
February 20, 2022
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AfricaCCPChinaChina Business & EconomyChinese RegimeGlobal ExpansionInternational RelationsNigeriaSpecial TopicsWorld
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The Chinese Communist Party, CCP’s footprint is expanding across West Africa, and with it, China’s concern for its own nationals in the region. Three Chinese nationals working at a hydropower plant in Niger State were kidnapped on Jan. 4, pushing China to review its security ties with Nigeria. China’s ambassador previously had announced the sending…
China’s Sports Schools Destroy Lives and Fail to Deliver Gold
News Analysis Beijing regards sports as an avenue to assert dominance over the world, a goal it is determined to achieve through central planning, state funding, and a willingness to sacrifice its own citizens. “Be Positive, Work Hard, Climb the High Mountain, Win Glory for the Country,” reads a sign at the Shanghai Sports School. For…
Backlash After Starbucks Criticized Based on a Rumor
Starbucks was caught in a backlash of online comments and criticism after a Weibo user described an incident in which a policeman eating his lunch in front of a Starbucks store in the Ciqikou neighborhood in southwestern China’s Chongqing city on Feb. 13. was driven off by Starbuck’s staff claiming that the policeman eating in…
Chinese Agribusiness Poised to Open Factory in North Dakota Draws Scrutiny Over CCP Ties, Security Risks
February 19, 2022
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ChinaChina Business & EconomyLocal NewsNational SecurityNorth DakotaRegional-Local NewsUSUS-China relations
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A China-based bio-fermentation products maker coming to the United States is being touted as a win for the local economy, but there’s growing concern over its national security implications and potential ties to forced labor. The Epoch Times spoke to Ross Kennedy, founder of Fortis Analysis, about his recent research concerning China-based company Fufeng Group…
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