Tag: China Business & Economy

World Shares Advance After Fed Steps Up Stimulus Pullback

December 16, 2021
Asia & PacificAustraliaBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeCompanieseconomic policieseconomyEuropeExecutive BranchFedGold & CommoditiesHK BusinessHong KongIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechMiddle EastNew YorkNY NewsPoliticspullbackRegional-Local NewsSharesstimulustechnologyTexasUKUSUS NewsUS-China relationsWorld
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Stocks have climbed in Europe and Asia, tracking Wall Street’s gains, after the Federal Reserve said it would accelerate its pullback of economic stimulus. Shares surged in Paris, Frankfurt, London, and Tokyo. New York futures and oil prices also advanced. The Fed said it would likely raise interest rates three times next year to tackle…

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‘You Won’t Be Able to Book Any Billboards in Australia’: Agency Tells Beijing Critic and Human Rights Advocate

December 15, 2021
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Advertising critical of China or the Chinese Communist Party (CCP) could be barred from running on any billboards in Australia, according to a recording by Senate candidate and student-activist Drew Pavlou. In a recording posted on Pavlou’s Twitter account, an advertising representative explained why his billboard company was turning down an AU$3,000 (US$2,152) campaign—featuring the…

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Live Q&A Webinar: Will Boycotting the Beijing Olympics Make a Difference?

December 15, 2021
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The Chinese regime is due to host the Winter Olympics in less than two months, an event that’s bringing back memories of the 2008 Beijing Games, which at the time was labeled the “Bloody Olympics.” Since then, the Chinese Communist Party has expanded its human rights abuses, surveillance apparatus, and censorship practices to become the…

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China Investigates Starbucks for Expired Ingredients, Targets US: Commentator

December 15, 2021
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Starbucks closed two stores in East China on Dec. 13, hours after Chinese state-run media reported the stores were using expired ingredients. Public opinion on Chinese social media platforms quickly criticized Starbucks products, which are more expensive than local Chinese brands but better in quality and taste. According to a China commentator, this is the…

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China’s Olympic ‘Glory’ Slips on Diplomatic Boycotts

December 15, 2021
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News Analysis The Winter Olympic Games in Beijing is fast approaching. The issue of Beijing’s triple genocide, mixed with diplomatic snubs and corporate omerta, are the order of the day. In response to the Chinese Communist Party’s (CCP’s) atrocious human rights abuse, the United States, Canada, United Kingdom, New Zealand, Australia, and now Japan, are imposing…

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Shares in Chinese Healthcare Firms Plummet After Report That US Will Blacklist Biotech, AI firms

December 15, 2021
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Shares of China’s biotechnology firms plunged on Dec.15 amid concerns that the Biden administration would put an investment and export ban on more Chinese companies. The decline was led by WuXi Biologics, which crashed nearly 20 percent on Wednesday, while Sino Biopharmaceutical dropped 5 percent. The Hang Seng Healthcare Index was down 7.6 percent in…

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Chinese Health Care Firms’ Shares Slide on Report That US Will Blacklist Biotech, AI Firms

December 15, 2021
Business & EconomyChinaChina Business & EconomyChina Human RightsDJIEntity ListMarketsSpecial TopicsUS-China relations
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Shares of China’s biotechnology firms plunged on Dec. 15 amid concerns that the Biden administration would put an investment and export ban on more Chinese companies. The decline was led by WuXi Biologics, which tumbled nearly 20 percent, while WuXi AppTec Co. slid 19 percent, and Sino Biopharmaceutical slumped 5 percent. The Hang Seng Healthcare Index…

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World Shares Mixed Ahead of Fed Policy Statement

December 15, 2021
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BANGKOK—World shares were mixed Wednesday as traders awaited the outcome of the last Federal Reserve meeting of this year. Benchmarks rose in Paris, Tokyo, and Frankfurt but fell in Hong Kong and Shanghai after the U.S. Labor Department reported wholesale prices jumped a record 9.6 percent in November from a year earlier. Fed policymakers end…

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China Nov New Home Prices Suffer Biggest Decline in 6 Years

December 15, 2021
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Chills over China’s property market spread in November as both home prices and sales slumped to a six-year low, according to official data on Dec. 15. According to the latest new home price indices released by the National Bureau of Statistics (NBS), new home prices in 70 tracked Chinese cities slipped 0.3 percent month-on-month in…

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Asian Shares Shed Gains Ahead of Fed Policy Statement

December 15, 2021
AfricaAsia & PacificasianBusiness & EconomyBusinesses in COVID-19CCP VirusChinaChina Business & EconomyCompanieseconomic policieseconomyFedGold & CommoditiesHK BusinessHong KongIndiainflationInternationalInvestmentLocal NewsMarket WatchMarketsMedia & Big TechNew YorkNY NewsPolicyRegional-Local NewsSharesTexasUKUSUS NewsWorld
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BANGKOK—Stocks were mostly lower in Asia on Wednesday after new U.S. data showed inflation is still running high, putting a spotlight on what action the Federal Reserve will take as it holds its last meeting of the year. Tokyo’s Nikkei 225 index edged 0.1 percent higher to 28,459.72 and the Kospi in Seoul was nearly…

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