The year 2022 will be a turning point where much of the world will pivot sharply in the direction of either authoritarianism and repression or openness, and events in China will play a decisive role, said billionaire financier and philanthropist George Soros at a virtual event hosted by the Hoover Institution think tank on Jan….
George Soros Outlines Dangers Posed by CCP Authoritarian Rule in 2022
Australia Seeks to Join European WTO Action Against China
January 31, 2022
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Australia has expressed its wishes to join in a formal complaint launched by the European Union (EU) against the Chinese communist regime over its use of coercive trade tactics directed at nations it disagrees with. The EU filed the complaint to the World Trade Organization (WTO) on Jan. 27 as a result of Beijing’s unofficial…
Chinese Property Developers Encounter Intensifying Clashes Over Domestic Construction and Wage Arrears
Embattled developer Evergrande’s failure to meet its debt payments has set off a chain reaction in the property sector in China. Multiple Chinese property developers in different parts of China are experiencing defaults in construction and wage payments as well as overseas and domestic bonds and debts. In China, it is common practice in the…
China’s Automotive Chip Supply Shortfall Will Reach 20 Percent Due to US Sanctions and Outdated Technology
China’s chip supply will remain tight this year, and the automotive chip supply shortfall will widen to 20 percent. The regime’s own experts have revealed that the key reason for China’s chip shortage is not the pandemic, but China’s outdated chip technology and U.S. sanctions against the Chinese Communist Party (CCP). Luo Junjie, a spokesman…
China’s Automotive Chip Supply Shortfall Will Reach 20 Percent Due to US Sanctions, Outdated Technology: Trade Group
China’s chip supply will remain tight this year, and the automotive chip supply shortfall will widen to 20 percent, the country’s car manufacturing trade group said. The regime’s own experts have revealed that the key reason for China’s chip shortage is not the pandemic, but China’s outdated chip technology and U.S. sanctions against the Chinese…
Rising Number of Chinese Companies to Delist from US Exchanges Due to Poor Performance
January 30, 2022
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A rising number of Chinese companies listed on Wall Street are under pressure to be cut off from U.S. capital markets due to poor performance and non-compliance with listing standards. Beijing-based MMTec, Inc. announced on Jan. 28 that it got notification from Nasdaq’s Listings Qualifications Department as its common stock had been trading below $1…
US House to Take Up Bill Next Week on China Competition, Chips Industry
WASHINGTON—The House of Representatives will take up a bill next week aimed at increasing competitiveness with China and supporting the U.S. chip industry, including $52 billion to subsidize semiconductor manufacturing and research. House Majority Leader Steny Hoyer said on Friday that the House would vote on the 2,900-page bill, called the “America Competes” act, saying…
IMF Cuts China Growth Projection
News Analysis China’s GDP growth is expected to fall below 5 percent this year, breaking Beijing’s line of acceptability. The Chinese Communist Party’s (CCP) policies are to blame. The International Monetary Fund (IMF) on Jan. 25 has cut its 2022 China growth forecast to 4.8 percent, and warned that the effects of the collapsing property…
Lunar New Year Flowers in Flames as Hong Kong Farmer Burns Unsold Stock
January 29, 2022
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HONG KONG—Flower farmer Leung Yat-shen has burned thousands of flowers he cannot sell this year as Hong Kong’s stringent measures against the Omicron variant of coronavirus have halved his Lunar New Year demand. Leung, 70, runs a traditional farm in Hong Kong’s rural Yuen Long district growing sword lilies, water lilies, and tulips. He had…
Tesla Sues Chinese Social Media Influencer for Defamation
American electric carmaker Tesla, Inc. is involved in another high profile lawsuit in mainland China. The company is suing a Chinese social media influencer for defamation. Mainland Chinese media Securities Times reported on Jan. 26 that Tesla would sue a Chinese social media influencer with the account named of Xiaogang Senior for reputation damage. The…
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