Tag: China Business & Economy

TikTok Shares User Data With Third Parties More Than Other Social Media Apps: Study

February 13, 2022
BytedanceChinaChina Business & EconomyInternational Relationsthird party trackingTikTok
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TikTok collects and shares their users’ personal data with unknown third parties more than any other social media app, according to new research. According to a new study released last month by mobile marketing firm URL genius, both TikTok and YouTube track the most user among social media apps. However, while YouTube, which is owned by Google,…

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Lawmakers Seek to Track Chinese Money in Mergers With US Companies

February 12, 2022
CCPChinaChina Business & EconomyFinance & Business TiesInternationalSpecial TopicsTechUS-China relations
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As mergers and acquisitions in the United States continue at a quickening pace, legislation is urgently needed to make regulators aware of any Chinese Communist Party (CCP) influence or control over foreign firms merging with U.S. companies, said Reps Scott Fitzgerald (R.-Wis.) and Greg Stanton (D.-Ariz.) on Feb. 11. The two congressmen are advancing the…

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China’s Digital Currency Is a Surveillance Tool Threatening US: Former US Representative

February 11, 2022
ChinaChina Business & EconomyChinese Regimedigital currencydigital yuanerik bethelGlobal ExpansionInternationalrenminbiSpecial TopicstechnologyUSUS NewsWorld
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Beijing’s new digital currency is a tool that could prop up authoritarian regimes around the world, including China, and the Chinese paperless money could also undermine U.S. leadership in finance, warned a global finance professional. “This is a surveillance tool and it’s disguised as a payment mechanism. It’s going to allow the People’s Bank of…

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Australian Exporters Capitalise on Musical Chairs in Chinese Wine Market

February 10, 2022
Asia & PacificAustraliaaustralian wineChinaChina Business & EconomyChina-Australia RelationsInternationalInternational RelationsWorld
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Australia’s wine sector is seeing “early signs” of success at finding alternative markets to China following the imposition of hefty tariffs on exports, a move that has triggered a major reshuffle of top wine suppliers. “Australia was the top wine importer to mainland China before the tariffs were introduced and as other wine producing nations…

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Breaking Dependency on Russia, China Will Cost Us, but It’s Worth It: Lithuanian Foreign Minister

February 10, 2022
AustraliaBeijingChinaChina Business & EconomyChina-Australia RelationsEuropeEurope-China RelationsGabrielius LandsbergisInternationalInternational RelationsLithuaniaMoscowUkraine borderUSUS NewsWorld
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The cost of goods such as iPhones, shoes, and electricity could go up if countries break from their dependency on Russia and China, but it’s the price the world must pay to safeguard the rules-based order, Lithuania’s foreign minister has stated. Lithuania’s Gabrielius Landsbergis made the comments in an address to the National Press Club…

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Is Hong Kong’s Financial Hub Status in Jeopardy?

February 10, 2022
Business & EconomyBusiness ColumnistsCCP VirusChinaChina Business & EconomyCOVIDfinanceHong KongOpinionSpecial TopicsThinking About China
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Commentary If the “Hong Kong security law” couldn’t crater Hong Kong’s financial services industry, perhaps its “zero-COVID” policy could? That’s what the Chinese city is grappling with, as expats within its financial services sector head for the exits due to the city’s draconian quarantine, lockdowns, and restrictions to combat the ongoing CCP virus epidemic. Hong…

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Communist Base Is First COVID-19 Lockdown in Year of Tiger

February 9, 2022
Asia & PacificCCP VirusChinaChina Business & EconomyChinese New YearChinese RegimeCOVID-19INSIDE CHINAlockdownSpecial TopicsWorld
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The Chinese regime announced its first lockdown in the Chinese year of the Tiger on Feb. 7 as a method to curb an outbreak of COVID-19. From Monday, all residents in the famous Communist base Baise in Guangxi Province were ordered not to leave their homes. The Baise city regime revealed in a notice that…

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China’s Services Sector Grows at Slowest Rate in 5 Months, Another Sign of a Weakening Economy

February 9, 2022
Business & EconomyChinaChina Business & EconomyeconomyPMI
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The expansion of China’s services sector fell to a five-month low in January, and sentiment toward the year ahead sank to the lowest level in 16 months, a private survey stated on Feb. 7, as the pandemic and strict “zero-COVID” measures hit new business and employment. The Caixin/Markit services Purchasing Managers’ Index (PMI) dropped to…

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Erik Bethel: China’s New Digital Currency Is Tool for Mass Control, in China and Beyond

February 8, 2022
American Thought LeadersChinaChina Business & EconomyChinese Regimedigital currenydigital yuanEpochTVerik bethelUS-China relationsWorld Bank
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China’s new digital currency is a Trojan horse “disguised as a payment mechanism,” says Erik Bethel, a global finance professional who served as the U.S. representative to the World Bank. “There are a lot of ways that the Chinese government could use this as an instrument of surveillance, tying it to their social credit score,…

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A Look at Financials in Pennsylvania’s US Senate Race

February 8, 2022
2022 Midterm Electionscampaign financecaucusChinaChina Business & EconomyPennsylvaniaPoliticsRegional NewsRegional-Local NewsSenateUSUS News
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Campaign finance reports filed last week show the deepest pockets in Pennsylvania’s U.S. Senate race belong to Lt. Gov.  John Fetterman, a Democrat, but other apparently well-financed candidates have not yet been required to file financial reports with the Federal Election Commission. Republican David McCormick officially got into the race late, registering as a candidate…

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