Tag: China Business & Economy

How Long Will Starbucks Last in China?

News Analysis Starbucks offers an “American lifestyle experience” for $4 a cup. But buying American brew—one of the only ways the Chinese can vote—is threatening the Chinese Communist Party (CCP). People’s Daily is the official newspaper of the CCP. If Xi Jinping wants an opinion published, it would appear there. So when People’s Daily publishes…


US Adds Chinese E-Commerce Sites Operated by Tencent, Alibaba to ‘Notorious Markets’ List

In its newly released 2021 Review of Notorious Markets for Counterfeiting and Piracy, or Notorious Markets List for short, the Office of the United States Trade Representative (USTR) highlights the prevalence of China-based markets in trademark counterfeiting and copyright piracy. The review emphasizes that the growth of online commerce has greatly extended the reach of…


Former Google CEO Slams US’ ‘Pathetic’ Performance in 5G Race, Leaving America ‘Well Behind’ China

The United States’ “dithering” in its 5G rollout has left it “well behind” China in the race to dominate the next-generation wireless technology, said former Google CEO Eric Schmidt. In a Feb. 17 Wall Street Journal op-ed co-authored with Harvard University professor Graham Allison, Schmidt argues that average 5G smartphone speed in the U.S. lags…


Beijing Pushes Policy Support for Real Estate Sector

Commentary As China’s real estate sector woes deepen hitting developers and local budgets, policy support is coming to their aid from Beijing. The Chinese Communist Party (CCP) has mobilized its so-called “national asset managers” to support its tottering real estate developers and avert a full-on property market collapse. The asset management companies, which include China…


US Commission Asks Amazon to Support a Whistleblower Who Exposed Abuse at Supplier’s Chinese Factory

A bipartisan group of lawmakers on Feb. 16 sent a letter to Amazon CEO Andy Jassy, asking the U.S. retail giant to support a Chinese whistleblower, who was jailed and tortured after he exposed poor working conditions at one of the company’s suppliers in China. Tang Mingfang, 43, was formerly an engineer at electronics manufacturer…


US Commission Asks Amazon to Support Whistleblower Who Exposed Abuse at Supplier’s Chinese Factory

A bipartisan group of lawmakers on Feb. 16 sent a letter to Amazon CEO Andy Jassy, asking the U.S. e-commerce giant to support a Chinese whistleblower who was jailed and tortured after he exposed poor working conditions at one of the company’s suppliers in China. Tang Mingfang, 43, was formerly an engineer at electronics manufacturer…


New Zealand-China Free Trade ‘Upgrade’ to Come Into Force April: Trade Minister

New Zealand’s (NZ) trade minister met last week with his Chinese counterpart to finalise details around an “upgrade” to its free trade agreement (FTA), which will come into effect on April 7. NZ’s Damien O’Connor said it was a “significant step” for the FTA, which was signed originally in 2008—the first FTA between Beijing and…


USTR Report Details Beijing’s Flouting of WTO Norms

Beijing has deliberately fallen far short of both the letter and spirit of World Trade Organization (WTO) rules, requirements, and standards, according to a report issued by the Office of the United States Trade Representative (USTR). Covering calendar year 2021, the document is the 20th such annual report prepared in accordance with the U.S.-China Relations…


Major Chinese Industrial City Steps Up COVID Control; Chip Plants Affected

A major high-tech industry center in China is ramping up testing after the Omicron variant of Covid-19 was detected. Tightened restrictions halted production in plants run by international companies like Bosch and Taiwan’s chipmaker UMC, putting further strain on supply chains. Suzhou, a trading and industrial hub in the eastern province of Jiangsu, has reported…


Semiconductor Plants Halted as Major Chinese Industrial City Steps Up COVID Control

A major high-tech industry center in China is ramping up testing after the Omicron variant of Covid-19 was detected. Tightened restrictions halted production in plants run by international companies like Bosch and Taiwan’s chipmaker UMC, putting further strain on supply chains. Suzhou, a trading and industrial hub in the eastern province of Jiangsu, has reported…