The latest figure shows Lithuania’s exports hit a ten-year high in 2021, despite the diplomatic and economic retaliation the country has suffered from China for maintaining friendly relations with Taiwan. On Feb. 13, Lithuanian state broadcaster LRT (Lietuvos radijas ir televizija) cited statistical data analysis by Enterprise Lithuania, the government’s business promotion agency, as saying…
Lithuania’s Exports Hit 10-Year High Despite China’s Economic Retaliation
February 19, 2022
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CCPChinaChina Business & EconomyEurope-China RelationsInternational RelationsLithuaniaLithuania's exportsTaiwanWorld
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Global Supply Chain Crisis Deteriorates During Lunar New Year, Beijing Winter Olympics
February 19, 2022
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Beijing Winter OlympicsChinaChina Business & EconomyChinese New YearChinese RegimeeconomyEpidemic outbreaklunar new yearsupply chainUSzero policy
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The Chinese New Year holiday, which lasted nearly one week, along with the Beijing Winter Olympics and the Communist ruling regime’s “zero tolerance” epidemic policy might exacerbate the global supply chain crisis amidst severe disruptions in global shipping, expects said. Container tracking platform Container xChange said in a late January survey that 66 percent of…
Global Supply Chain Crisis Deteriorates During Lunar New Year, Beijing Winter Olympics: Experts
February 19, 2022
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Beijing Winter OlympicsChinaChina Business & EconomyChinese New YearChinese RegimeeconomyEpidemic outbreaklunar new yearsupply chainUSzero policy
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The Chinese New Year holiday, which lasted nearly one week, along with the Beijing Winter Olympics and the Communist ruling regime’s “zero tolerance” epidemic policy might exacerbate the global supply chain crisis amidst severe disruptions in global shipping, experts said. Container tracking platform Container xChange said in a late January survey that 66 percent of…
‘Dubious’ Accounting Practices of Evergrande, Chinese Firms Pose Risks to US Investors: Senators
The default of Chinese real estate giant Evergrande, as well as the firm’s ostensibly “dubious financial and accounting practices” pose risks to U.S. investors, Sens. Marco Rubio (R-Fla.) and Todd Young (R-Ind.) said. In light of this, they called for increased risk disclosures and due diligence on the part of registered investments funds that invest…
CCP Can’t Resolve Its Fifth Wave of Unemployment
Commentary China is faced with an extremely grim job market in 2022, as at least 10 million workers have lost their jobs after the regime’s series of economic policies led to the default of the real estate sector, diminished the after school tutoring industry, and suppressed e-commerce giants. Add to this the more than 10…
China’s Family-Run Circuses and Tiger Farmers Jobless and Starving Due to New Regulations
Once known as China’s Circus Town, Haogou Township of Suzhou City, Anhui Province, has a relatively long history of family-run circuses. At its peak, there were over 400 circuses, 20,000 employees, and a combined annual income as high as 400 million yuan ($63 million). Nearly one-third of the local rural residents made a living by…
China’s Family-Run Circuses, Tiger Farmers Jobless Due to New Regulations
Once known as China’s circus town, Haogou township of Suzhou city, Anhui Province, has a relatively long history of family-run circuses. At its peak, there were over 400 circuses, 20,000 employees, and a combined annual income as high as 400 million yuan (about $63 million). Nearly one-third of the local rural residents made a living…
Taiwan, With Eye on China, to Boost Protection for Its Semiconductor Secrets
February 18, 2022
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Asia & PacificChinaChina Business & EconomyChinese Regimeeconomic espionageInternationalProtectionsemiconductorSpecial TopicsTaiwanTech CompetitiontechnologyTSMCWorld
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TAIPEI—Taiwan’s government proposed on Thursday a new law to prevent China from stealing its chip technology, amid rising concern in Taipei that Beijing is stepping up its economic espionage. Tech powerhouse Taiwan makes the majority of the world’s most advanced semiconductor chips, used in everything from fighter jets to mobile phones, and the government has…
Schindler Warns on Profit, China, After Q4 Earnings Fall
February 18, 2022
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Asia & PacificBusiness & EconomyChinaChina Business & EconomyCompanieseconomyEuropeInternationalprofitQ4schindlerWorld
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Schindler warned of lower profit in 2022 and contraction in its China business due to construction delays and other issues after the maker of elevators and escalators posted lower quarterly earnings. The Swiss firm expects a “significant” profitability drop of around 20 percent for the first half of the year, Chief Financial Officer Urs Scheidegger…
China Courts Freeze $157 Million of Evergrande Assets Over Missed Construction Payments
HONG KONG—A Chinese court has ordered the freezing of 640.4 million yuan ($101 million) in assets held by a subsidiary of China Evergrande Group, according to a filing by contractor Shanghai Construction Group. State-owned Shanghai Construction, which sued the Evergrande unit in the southwestern city of Chengdu in December for overdue construction fees, cited the…
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