The European Union filed a complaint on Jan. 27 in the World Trade Organization (WTO) against communist China over discriminatory trade practices on behalf of its member state, Lithuania, regarding its relationship with Taiwan. The move comes after China has launched what has come to be a literal economic embargo and a restriction of services…
EU Defends Lithuania in WTO Action Against China Over Taiwan Dispute
January 27, 2022
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Business & EconomyChinaChina Business & EconomyChina-EU tradeCommunist Chinaeconomic policieseconomyEuropeEuropean UnionUncategorizedWorldWTO litigation
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China’s COVID-19 Outbreaks Hit Global Supply Chain
China’s COVID-19 zero-tolerance approach has locked down one city after another, hence workers of the “world’s factory” are blocked at home and can’t get to work, trucks can’t ship non-pandemic-related goods, and ports can’t take care of ships. “Lockdowns in China are already causing disruptions [in global supply chain],” economists at Japanese financial holding company…
China’s Economic Slowdown Affects South Korea’s Major Industries
January 27, 2022
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News Analysis With China’s sharp economic slowdown, South Korea worries that its export industry—including semiconductor, steel, and other major industries that rely heavily on the Chinese market—will suffer a huge setback. Data released by the Korea International Trade Association (KITA) on Jan. 18 reveal that South Korea’s 2021 exports to China amounted to $162.9 billion,…
Are Big Chinese Tech Firms in Trouble?
Commentary When Icarus flew too close to the sun, he got burned, tumbled out of the sky, and fell into the ocean. China’s technology giants have certainly been flying high. The cohort of Alibaba, Tencent, Baidu, and other platform companies have become household names, made their founders billionaires, run apps that Chinese people use on…
Taiwan GDP Storms to Decade-High in 2021, Fuelled by Strong Exports
Taiwan’s economy grew at the fastest pace in over a decade last year, driven by strong tech exports during the COVID-19 pandemic to feed the prevailing work-and-study-from-home trend. The full-year gross domestic product (GDP) growth in 2021 surpassed the previous forecast of 6.1 percent up to 6.3 percent, fueled by a 4.9 percent year-on-year rise…
Evergrande Shares Fall After Restructuring Roadmap Fails Creditors
Shares of China Evergrande Group tumbled on Jan. 27, a day after the debt-saddled developer announced a six-month preliminary restructuring proposal in a bid to quell its uneasy bondholders. Evergrande, wrestling with liabilities of over $300 billion at home and aboard, “will continue to listen carefully to the opinions and suggestions of the creditors,” Chairman…
Live Q&A Webinar: With New Lockdowns, Is the CCP Reaching a Breaking Point?
January 26, 2022
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Beijing OlympicsCCP VirusChinaChina Business & EconomyChina modelChinese RegimecommunistCommunist PartyCrossroadsEpochTVInternational RelationsLive Videoslockdownlockdownssocial controlSpecial TopicsUnmasking Communist ChinaVideo
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The Chinese regime is bringing back new lockdown for an alleged new outbreak of the CCP (Chinese Communist Party) virus. Videos have emerged of authorities welding shut the doors of housing complexes and locking people inside, and reports are increasingly emerging of people nearing starvation. These actions take place just ahead of the Beijing Olympics, and…
Chinese Billionaire ‘Vaping Queen’ Implicated in Corruption Probe
China’s leading e-cigarette flavor maker, Huabao International Holdings, announced on Jan. 24 that its chief executive officer and chairwoman, Chu Lam Yiu, is under investigation for “suspected disciplinary violations.” Huabao—a leading flavors maker for tobacco, e-cigarette, and condiments—is listed on the Hong Kong Stock Exchange. Its share price plummeted over 65 percent on Monday. The…
UK Sanctions on Cheap Steel Imports From China Are Under Review
January 25, 2022
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Business & EconomyChinaChina Business & Economychinese steelcommoditieseconomic policiesMarketsUKUK EconomyUncategorizedWorld
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The UK Trade Remedies Authority (TRA) announced on Jan. 25 that it has initiated a review into whether Britain should drop anti-dumping sanctions against steel producers from China. The new post-Brexit trade agency is set to investigate whether the imports of cheap heavy steel plate from China did harm to UK industry, and whether it would…
Adopting Opposite Way, Beijing Pushes Monetary Easing Ahead of US Interest Rate Hike
As the U.S. Federal Reserve (the Fed) quickens its pace of tightening, the Chinese Communist Party (CCP) authorities unleashed a barrage of easing policies this month to stimulate China’s economy, with the two countries’ monetary policies apparently pointed in opposite directions. Some analysts believe that the early release of an easing policy by the People’s…
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