Both China’s factory gate and consumer inflation rose at a slower pace in December, following the fall of some raw material prices, official data showed on Jan. 12. Consumer price inflation also slowed last month as food prices fell, the National Bureau of Statistics (NBS) said in a statement. China’s producer price index (PPI), which…
China’s Factory Gate, Consumer Inflation Eases Further in December: Official Data
Sanction China’s Oil Trade
January 12, 2022
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AnalysisChinaChina Business & EconomyChinese RegimeOilOpinionsanctionThinking About ChinaUS-China relationsViewpoints
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News Analysis Small refiners in China are evading U.S. sanctions on Iranian and Venezuelan oil exports by using false flags, old tankers, turning off ship transponders, and transferring oil mid-ocean between vessels to hide the origin of illegally-exported oil. Iran’s crude oil sales, which jumped 40 percent in 2021, are primarily purchased by China—Iran’s biggest…
Uzbekistan Cancels Gas Exports to China Following Kazakhstan Unrest
January 12, 2022
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Asia & PacificChinaChina Business & EconomyInternationalInternational RelationsKazakhstanLPGUzbekistanWorld
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A neighboring country of Kazakhstan has cancelled its exports of liquified petroleum gas (LPG) to China. It comes after demonstrations over steep price rises of LPG in the west of Kazakhstan spread across the country, propelling Kazakh President Kassym-Jokmart Tokayev to call on allies from the Russian-backed Collective Security Treaty Organization (CSTO) to send in…
Taiwan to Launch $1 Billion Lithuania Credit Fund Amid Beijing Pressure
January 12, 2022
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VILNIUS—Taiwan will launch a $1 billion credit programme to help fund joint projects between Lithuanian and Taiwanese companies in six business categories, a Taiwan government minister said on Tuesday. Lithuania is under pressure from China which claims democratically ruled Taiwan as its own territory, to reverse a decision last year to allow the island to…
China Fools Western Environmentalists
January 11, 2022
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News Analysis Beijing is all talk and no action in terms of achieving its net-zero emissions goal. Chinese leader Xi Jinping declared in 2020 that China will be “carbon neutral” and achieve “net-zero emissions” by 2060. This announcement was greeted with much fanfare by green energy advocates around the world. According to state-run Global Times, Beijing is…
US Companies are Supercharging the Chinese Communist Party
January 11, 2022
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News Analysis In the skies, a Chinese fighter pilot swipes his hand across a touch screen and the automated target-recognition software detects his target in seconds. In Xinjiang, China, giant servers that power an immense array of repressive surveillance technologies come to life. In Shanghai, smart city technology connects residents as never before, even as…
American Companies are Supercharging the Chinese Communist Party
January 11, 2022
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CCPChinaChina Business & EconomyChinese RegimeInternational RelationsmilitaryPLAtechnologytechnology transferUS-China relationsUSA
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News Analysis In the skies, a Chinese fighter pilot pans his hands across a touch screen and the automated target-recognition software detects his target in seconds. In Xinjiang, giant servers that power an immense array of repressive surveillance technologies whir to life. In Shanghai, smart city technology connects residents as never before, even as authorities…
MPs Seek Probe Into Former China Ambassador’s Rio Tinto Appointment
Canada’s former ambassador to China recently accepted a top appointment with a mining giant which does over half of its sales in China. Now, two MPs are asking the Ethics Commissioner to probe the issue to determine if any conflict of interest rules were broken. NDP MPs Heather McPherson and Matthew Green wrote a letter…
Canadian MPs Seek Probe Into Former China Ambassador’s Rio Tinto Appointment
Canada’s former ambassador to China recently accepted a top appointment with a mining giant which does over half of its sales in China. Now, two MPs are asking the Ethics Commissioner to probe the issue to determine if any conflict of interest rules were broken. NDP MPs Heather McPherson and Matthew Green wrote a letter…
Tencent and Alibaba Fall From Global Top Ten as China Fosters Super State Firms
January 11, 2022
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Alibabaanti-trust probesChinaChina Business & Economychina private firmsChinese RegimeSOEsTencentUncategorized
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On Dec. 30, 2021, the share price of China’s e-commerce giant Alibaba Group Holding Ltd (9988.HK) closed at HK$109.9 (approximately $14.3), down 52.75 percent from the same period in 2020. Similarly, China’s gaming and social media company Tencent Holdings Ltd (0700.HK) suffered a decline of 21.38 percent per share the same day. Both have fallen…
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