News Analysis The United States, Europe, Japan, and other powerful economies should align more closely to protect democracy against China’s unscrupulous trade policies. But as illustrated by the airline industry, Beijing skillfully uses its gatekeeper status to the massive China market to play the democracies against each other. Since at least 2019, for example, Beijing…
China Punishes US Airlines
January 14, 2022
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US Criticizes China for Canceling Flights Over COVID-19 Cases
January 14, 2022
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The Biden administration slammed Beijing for scrapping dozens of scheduled U.S.-to-China flights after passengers tested positive for COVID-19, citing “inconsistent” commitments. “China’s actions are inconsistent with its obligations under the U.S.-China Air Transport Agreement,” a spokesperson of the U.S. Department of Transportation said on Jan. 13. “We are engaging with the [Chinese government] on this…
China Calls for Boycott of a KFC Meal Citing Excessive Buying and Food Wastage
A major government backed Chinese consumer rights group has called for a boycott of a meal deal launched by American fast food chain KFC (Kentucky Fried Chicken) in mainland China. It said that the promotion sent consumers into a buying frenzy and caused food to be wasted. In celebration of the 35th anniversary of KFC…
China Evergrande Secures Payment Extension as More Developers Race to Avert Defaults
January 13, 2022
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HONG KONG/SHANGHAI—China Evergrande Group on Thursday secured a crucial approval from onshore bondholders to delay payments on one of its bonds, as other cash-strapped developers also scrambled to negotiate new terms with creditors to avoid defaults. Struggling with more than $300 billion in liabilities, sector giant Evergrande was seeking more time for bond coupon and…
CCP Faces Biggest Economic Challenges in Years
January 13, 2022
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Commentary The new year is less than a month old, and economic challenges are already piling up for Beijing. It’s a pivotal year for the Chinese Communist Party (CCP), which is expected to announce a new slate of leadership (besides Xi Jinping) later this year. How well (or poorly) the Party handles the country’s economy…
China to Mandate Cybersecurity Reviews on Tech Firms Seeking Foreign IPOs
Chinese network platform companies seeking foreign initial public offerings (IPOs) are already seeing new regulatory measures upon entering the new year. The new rules enable the Chinese Communist Party (CCP) to tighten its grip on China’s technology sector, experts say. On Jan. 5, the Anti-Monopoly Bureau of China’s State Administration for Market Regulation imposed fines…
Volkswagen China Shuts Two Plants in Tianjin Due to COVID-19 Outbreaks
BEIJING—Volkswagen Group’s China unit said on Thursday it has shut a plant it jointly runs with FAW Group in the city of Tianjin, as well as a component factory, due to recent COVID-19 outbreaks there. “Due to the recent COVID-19 outbreaks both the FAW-VW vehicle plant and VW Automatic Transmission Tianjin component factory have been…
China Shipyards Rank First in Global Orders, Yet Profits Fell by 20 Percent
January 13, 2022
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News Analysis China surpassed South Korea in receiving shipbuilding orders in 2021, ranking it first in the world. However, because most orders are for cheap container ships, coupled with soaring steel prices, profits in its shipbuilding industry dropped by at least 20 percent, industry insiders said. According to data by Clarkson Research Services, a British…
Beijing Unlikely to Live up to Carbon Neutrality Pledge, Experts Say
January 12, 2022
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Fifteen months ago, China publicly pledged to achieve carbon neutrality by 2060. However, analysts say the country’s ruling communist regime will unlikely fulfill such a commitment, based on its industry signs plus its record of breaking international agreements. On Sept. 22, 2020, Chinese leader Xi Jinping addressed via video link the United Nations General Assembly in…
China’s Interests in Kazakhstan
News Analysis As Kazakhstan was rocked by violent protests, China is worried about its investments in the country and the United States is concerned about Chinese nuclear assets. Kazakhstan President Kassym-Jomart Tokayev ordered the military and police to “fire without warning” to quell anti-government protests, which began on Jan. 2 as a result of the…
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