Residents in western China’s Xi’an city have started to barter with neighbors for food to survive. The 1.3 million residents have been in lock down since Dec. 23, and food supply has become a critical issue for them. Xi’an residents, who are lacking in food and can’t leave home due to the lockdown, have found…
Omicron Wrecking China’s Economy
January 4, 2022
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AnalysisCCP VirusChinaChina Business & EconomyINSIDE CHINAOmicronOpinionThinking About Chinazero-COVID
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News Analysis Omicron is dragging down China’s economic recovery. Cases are rising and the Chinese vaccines are proving ineffective. The Chinese Communist Party (CCP) has a “zero COVID” policy, but cases have been well above zero since the Omicron outbreak. Omicron is rising, in spite of at least 75 percent of the population being fully…
New UK Law Boosts Scrutiny Over Hostile Foreign Takeovers
January 4, 2022
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ChinaChina Business & EconomyChinese Regimeforeign investmentforeign takeoversInfiltrating the WestInternational RelationsKwasi KwartengNational SecuritySpecial TopicsUKWorld
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Foreign firms will find it harder to buy British businesses considered key to national security, as new legislation grants the UK government more powers to vet foreign investment. The National Security and Investment Act, which came into force on Jan. 4, is said to be the biggest shake-up of the UK’s national security regime for…
China Evergrande Shares Halted, Set to Release ‘Inside Information’
January 3, 2022
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HONG KONG—China Evergrande Group shares were suspended from trading on Monday pending the release of “inside information,” the embattled property developer said without elaborating. Evergrande, the world’s most indebted property developer, is struggling to repay more than $300 billion in liabilities, including nearly $20 billion of international market bonds that were deemed to be in…
Vietnam Says China ‘Zero COVID’ Policy Over the Top Amid Cargo Congestion at Border
January 3, 2022
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Asia & PacificBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomySpecial TopicsVietnamWorld
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Vietnam’s Ministry of Industry and Trade has called on China to ease border measures, saying that the Chinese regime’s zero COVID-19 policy was “over the top” and has been causing cargo congestion at border crossings since early December. China has maintained its “zero COVID-19” strategy of mass testing, mass lockdowns, and strict border controls in…
Taiwanese Businessman Seeks Compensation From Chinese Regime for Forced Demolition of Factory in Xinjiang
After Taiwanese corporate Far East Group was fined heavily $72 million by the Chinese communist regime in November 2021, increasing difficulties that Taiwanese businesses are facing in mainland China have attracted wider attention. On Dec. 5, 2021, when Taiwan’s Vice President Lai Ching-te went to visit Kinmen, he met a Taiwanese businessman surnamed Wang who…
Beijing Setting Up a Trap to Collect Money From Wall Street, Says China Experts
Chinese companies are transitioning to a different model to raise money by going public. When one of China’s concept stocks is delisted from the United States, it is then listed in Hong Kong or China. At the same time, the Chinese Communist Party (CCP) is working hard to present an image of economic prosperity to…
Chinese Utility Terminates ‘Green’ Energy Plant in Xinjiang Due to Pollutant Emissions
Shanghai Electric Power Co. Ltd. plans to terminate a project that was supposed to provide “green” energy in China’s Xinjiang region but instead discharges polluted wastewater. In a Dec. 28 filing to the Shanghai Stock Exchange, the company said that owing to the malfunction of an exhaust gas purification system, the operation of its Hami Xuanli…
China’s Fairy Tale King Forced to Shelve His Pen, Battling for His Copyrights
January 2, 2022
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Asia & PacificChinaChina Business & EconomyChinese Regimecopyrightfairy taleintellectual property rightspirated booksSocial IssuesZheng Yuanjie
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Zheng Yuanjie, a household Chinese writer known as the “fairy tale king,” announced the cessation of his 36-year-serialized exclusive magazine from Jan. 1 in order to take time out to deal with copyright lawsuits against the misappropriation and infringement of his fairy tale character images. On Dec. 15, 2021, Zheng announced on Weibo, China’s Twitter,…
Sanction-Hit Huawei Says Revenue Down Nearly 30 Percent in 2021
Chinese telecom giant Huawei said on Dec. 31 its annual revenue is expected to have declined nearly 30 percent in 2021, as the company continued to be weighed by U.S. sanctions. Revenue is expected to hit 634 billion yuan ($99 billion) for 2021, the company said on Friday. The figure represented a 29 percent drop…
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