Tag: China Business & Economy

Chinese National Soccer Team Loses 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…


China’s Politically Needed Zero-COVID Policy Drags on the Global Economic Recovery

The harsh zero-tolerance policy designed by the ruling Chinese Communist regime to eradicate the COVID-19 outbreak seems to have made China a burden, dragging down the  economic recovery of the world. Tang Jingyuan, a current affairs commentator with many years of clinical medical experience, told the Chinese edition of The Epoch Times that the Chinese…


CCP Control Over Economy, Military Reaches New Heights: Experts

The expected appointment of Xi Jinping to a third term as head of the Chinese Communist Party (CCP) at the 20th Party Congress this fall is likely to lead to ever tighter and more autocratic control over Beijing’s fiscal, military, and national security policies, said experts at a virtual hearing of a U.S. congressional advisory body…


China’s Wealthy Shenzhen City Slashes Public Servants’ Wages by 25 Percent: Govt Official

The southern city of Shenzhen, China’s tech and economic hub, has reduced the salaries of government employees by nearly 25 percent, a local official told The Epoch Times, who hasn’t been paid since November last year. He believes the move indicates that the municipal government is running out of money and the central government lacks the…


Beijing Continues Coercion Campaign Banning Imports From 10th Australian Abattoir

Beijing has suspended imports from a tenth Australian meat abattoir, citing a recent COVID-19 outbreak that saw 140 individuals infected with the virus. The abattoir in Naracoorte in South Australia is run by meat processing giant Teys, who received notification of the suspension on Jan. 29 from the General Administration of Customs of the People’s…


House ‘China Bill’ Cuts Security Provisions, Promotes Equity and Immigration: GOP Lawmakers

Sweeping legislation originally intended to promote U.S. competitiveness with China was watered down and is now being promoted by House Democrats as a jobs bill meant to address societal concerns, Republican lawmakers say. The America COMPETES Act, colloquially referred to as the “China Bill,” was supposed to be the House’s response to the Senate’s bipartisan…


Sunshine State Could Decouple From China

Florida may soon cut ties with China as the state is currently reviewing its investments in Chinese companies, including those of its retirement system. U.S. pension holders and retirees unwittingly invest in companies that are tied to the Chinese communist regime and Gov. Ron DeSantis in December took action to stop Floridians’ money flowing into…


Chinese State-run Securities Journals Call on Institutional Investors to Save the Stock Market

In the week leading up to the Chinese New Year, Chinese stocks tumbled, with all three indexes losing more than 2.5 percent. State-run Securities Daily called on institutional investors to rescue the A-share market, which resulted in a brokerage stocks sell-off on the same day. The market then bottomed out and rebounded. But industry professionals…


Japan Ends Decades of Aid to China

News Analysis Japan’s long-term aid to China will end in March this year. The official aid, covering finance, technology, and training, gave a much-needed boost to China’s economic growth over 40 years, which, regrettably, the communist ruling regime concealed from the Chinese people and moved the country even further from democracy and freedom, experts said….


China Manufacturing Activity Grows at Slower Pace in January

BEIJING—Manufacturing activity in China grew at a slower pace in January compared to the previous month, according to an official measure, as the Chinese regime’s strict “zero-tolerance” COVID-19 measures put a dampener on economic activity. The purchasing manager’s index (PMI), tracked by China’s National Bureau of Statistics (NBS), slipped to 50.1 from 50.3 in December,…