The debt crisis of Evergrande Group and other property developers in China has jeopardized their supply partners, as a growing number of Chinese construction and interior design companies write off assets or report profit warnings. Beijing Jiayu Door, Window, and Curtain Wall Co. projected a loss of as much as 1.4 billion yuan (about $220…
China Evergrande’s Debt Crisis Piles Pressure on Suppliers Who Issue Spate of Profit Warnings
Xi Jinping’s Agenda May Suffer From Adverse Economic Feedback
News Analysis Right now, China faces an array of economic troubles, and evidence is mounting that they are creating resistance to Chinese leader Xi Jinping’s economic agenda. America and China, for all their vast differences, have one big thing in common. When it comes to securing political power, the crucial issue is, in the words…
Beijing’s Failure to Meet ‘Phase 1’ Pledges, Ongoing Trade Abuses Call for New US Policy: Experts
Beijing’s marked failure to meet its promises under the “phase one” trade deal signed in January 2020, and its ongoing flouting of World Trade Organization (WTO) rules and guidelines, call for a shift in how the United States and aligned nations approach commerce with the vast markets of China, experts said. Under the agreement, China…
CCP Investment in US Biopharm and Genomics Companies Raises Security Concerns
February 7, 2022
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News Analysis A growing number of biotech, genomics, and medtech firms with ties to the Chinese Communist Party (CCP) are operating in the United States, raising concerns about medical and genetic data security. With more than $1 trillion at its disposal, China’s sovereign wealth fund has over 33 percent of the world’s total sovereign wealth…
Microsoft, Intel, GE Provide ‘Direct Support’ to Chinese Military, State Security Bodies: Report
February 5, 2022
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Eight major U.S. tech companies have business links to the Chinese military and security apparatus, according to a new report by the Washington-based advocacy group Victims of Communism Memorial Foundation (VoC), and Horizon Advisory consultant group. “In their endeavor to capture Chinese markets and boost their bottom lines, American corporations have increasingly supported Beijing’s military modernization,…
China’s Stock Market Plunges Again
U.S. stock and bond markets fell in response to the announcement from the Federal Reserve on Jan. 26 that it will soon raise its benchmark interest rate and end its asset tapering program in early March. The NYSE Composite fell 297.67 points in an hour from 2:30 p.m. and recovered slightly at the end of…
Big Business Still in China
February 4, 2022
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News Analysis Despite a growing outcry in democracies over the threat to human rights and international stability from China, and Beijing’s genocide against Uyghurs and other religious groups, major Western corporations continue to do business in the country, including with the military and police. Some of that business could be in violation of a new…
China’s JD.com CEO To Donate More Than $2 Billion in Shares To Charity
February 4, 2022
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The founder of one of China’s richest e-commerce businesses will donate $2.3 billion in shares of his flagship JD.com company to charity. JD.com “has been notified by Mr. Richard Qiangdong Liu, the chairman of the board of directors and chief executive officer of the company, that he will donate 62,376,643 Class B ordinary shares of…
Australian Wine Exporters Break New Ground in Asia Despite Drop in China Trade
February 4, 2022
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Despite experiencing a turbulent year in the global wine market, Australian exporters are making significant gains across Asia after being denied the China market by Beijing. In its latest figures, Wine Australia revealed that overall volumes were down 17 percent to 619 million litres resulting in a 30 percent decline in the value of exports…
Chinese National Soccer Team Losses to Vietnam, Disqualified From World Cup
In the eighth round of Group B of the 2022 Qatar World Cup Asian Qualifiers, the Chinese men’s national soccer team lost to Vietnam. On Feb. 1, the visiting Chinese faced the home team Vietnam, who had lost all seven rounds in the qualifiers. Chinese coach Li Xiaopeng sent in an aggressive lineup, but while…
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