Tag: China Business & Economy

China’s Largest Dating Site Exposed for Abuse of Members’ Personal Privacy

Jiayuan, China’s largest internet dating website, has recently come under public scrutiny for seriously violating the privacy of its members. Multiple reports by The Paper, a state-run digital newspaper based in Shanghai, that started on Dec. 7, revealed that Jiayuan can “target precisely” its 220 million registered members. Jiayuan allows its sales staff to view members’…


China Will Step up Foreign Exchange Market Monitoring in 2022: Regulator

Hong Kong—China will strengthen foreign exchange market monitoring and step up risk prevention and control in 2022, the country’s FX regulator said in a statement on Monday. In 2022, China will also promote cross-border investment of private equity investment funds, the State Administration of Foreign Exchange said in the statement. By Meg Shen


China Economy 2022 Faces Domestic Concerns and Overseas Uncertainty

Commentary As this year comes to an end, Beijing will be both uncertain and concerned about what is to come in 2022. China’s economy relies on three strong economic driving forces: domestic consumption, foreign trade, and foreign direct investment. But these economic engines are losing or have lost their power due to Beijing’s mishandling of…


China to Use Beijing Olympics to Promote Digital Yuan in Challenge to Dollar Hegemony

The Chinese regime is planning to promote its newly-developed digital yuan at the upcoming Beijing Winter Olympics. Experts have warned the digital currency could threaten the hegemony of the U.S. dollar in the future. The Winter Olympics is several weeks away. The Chinese regime’s official news agency Xinhua said earlier this month the digital yuan…


China’s Extreme COVID-19 Rules Force Delta Flight to Turn Back

An American Delta Air Lines flight turned back to Seattle in midair due to the new COVID-19 rule that China’s Shanghai airport launched, the airline stated on Dec. 27. A Delta staff member told The Epoch Times on Dec. 26 that “China’s arbitrary and unreasonable pandemic prevention policy not only sets an insurmountable threshold for Chinese…


China’s Shrinking Population Is a Big Economic Issue

News Analysis China’s 2020 census is finally available. It has brought Beijing some good news but only relative to fearful expectations. The statistics still issue a warning for the future. The census announces that the country’s population as of 2020 totaled 1.41 billion, up 5.4 percent from 2010. Since there was some considerable fear that…


New Anti-Slavery Law Will Impose Cost on China For Its Genocide in Xinjiang: Expert

News Analysis New legislation aimed at stopping the use of slave labor in China’s Xinjiang region has the potential to severely disrupt America’s $150 billion fashion industry. At risk is the industry’s access to the 20 percent of the world’s cotton produced in Xinjiang, and the fate of one million Uyghurs held in China’s prison…


China’s Industrial Profit Growth Slows in November on High Raw Material Prices

Profits at China’s industrial firms grew at a much slower pace in November, the country’s statistics bureau said on Dec. 27, as still-high raw material prices, a faltering property market, and weaker consumer demand weighed on factories’ margins. Industrial firms’ profit growth decelerated to 9 percent year-on-year in November to 806 billion yuan ($127 billion)—the…


Canada’s Trudeau Urges Capitalist Democracies to Align so China ‘Can’t Play Us Off Against Each Other’

Canadian Prime Minister Justin Trudeau said like-minded countries should mount a “united front” against the Chinese regime to prevent it from using commercial interests to “play” friends against each other. In an interview aired on Christmas Day, Trudeau said that China’s communist regime has been “playing” friendly capitalist democracies against one another to see them compete…


Canada’s Trudeau Urges Capitalist Democracies to Align So China ‘Can’t Play the Angles and Divide Us’

Canadian Prime Minister Justin Trudeau said like-minded countries should mount a “united front” against the Chinese regime to prevent it from using commercial interests to “play” friends against each other. In an interview aired on Christmas Day, Trudeau said that China’s communist regime has been “playing” friendly capitalist democracies against one another to see them…