MIAMI—Chinese squid vessels were documented using wide nets to illegally catch already overfished tuna as part of a surge in unregulated activity in the Indian Ocean, according to a new report by a Norway-based watchdog group that highlights growing concerns about the lack of international cooperation to protect marine species on the high seas. The…
Evergrande Strives in Defaults, Chairman Sold a Family Home In Hollywood at a $5 Million Loss
China Evergrande Group’s inability to pay off millions in debts has resulted in the introduction of a risk resolution working group with the Chinese regime’s intervention. Xu Jiayin, the founder and chairman, has been pushed to sell his family’s assets, including a mansion in the Hollywood Hills sold at a loss of $5 million. A…
‘Don’t Just Listen to Dollars’: Former Ambassador Calls on Advertisers to Boycott Beijing Olympics
December 9, 2021
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Olympic sponsors should “listen to their hearts”—not dollars—and stand up to boycott the upcoming Beijing Winter Olympics, said Sam Brownback, former U.S. Ambassador-at-Large for International Religious Freedom. “China is, in my estimation, the greatest threat to this human right in the world, by what they’re doing, what they’re financing, and the technology they’re now deploying,”…
Wall Street Investors Find New Opportunities in China as CCP Infighting Spreads to Financial Sector
December 9, 2021
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Business & EconomyChinaChina Business & EconomyChinese RegimeCompaniesfinancialInvestmentinvestormarketUS-China relationsWall StreetXi Jinping
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News Analysis Investment giants of Wall Street, although with some uncertainty over China’s complex and unstable policies, are lining up to enter the Chinese market with full control over their companies. The move comes as Chinese leader Xi Jinping uproots the status quo for local financial markets in an attempt to squeeze out a rival…
Euro Slips, Dollar Rises With Central Banks in Focus; Yuan Drops
December 9, 2021
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London—The euro, pound, and dollar stabilised on Thursday as China’s yuan fell from a 3–1/2-year high and was set for its biggest drop in more than four months. With the U.S. Federal Reserve, European Central Bank, and Bank of England among those meeting to discuss monetary policy next week, investors will be keenly watching for forward…
Global Stocks Higher as Investors Await US Inflation
December 9, 2021
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BEIJING—Global stocks were mostly higher Thursday as investors waited for U.S. inflation data that might influence the Federal Reserve’s decision on when to roll back economic stimulus. London and Frankfurt opened higher while Tokyo declined. Shanghai, Hong Kong, and Seoul also advanced. Wall Street futures were lower after stocks rose for a third day Wednesday…
Congressman Wants to End China’s Buying Spree on American Farmland
December 9, 2021
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Belt and RoadBusiness & EconomyChinaChina Business & EconomyChinese Communist PartyChinese RegimeCompaniesInfiltrating the WestInternational RelationsPoliticsRepublicansSmithfield FoodsSpecial TopicsUSUS NewsUS-China relationsUSDA
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China has been buying up agricultural lands in the United States for years, a trend that a U.S. lawmaker said must end in order to safeguard the American food supply chain. For this reason, Rep. Dan Newhouse (R-Wash.) introduced an amendment to the House’s fiscal 2022 agriculture appropriations bill (H.R.4356) in June. In a recent…
Congressman Wants to End China’s Buying Spree of American Farmland
December 9, 2021
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Belt and RoadBusiness & EconomyChinaChina Business & EconomyChinese Communist PartyChinese RegimeCompaniesFinance & Business TiesInfiltrating the WestInternational RelationsPoliticsRepublicansSmithfield FoodsSpecial TopicsUSUS NewsUS-China relationsUSDA
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China has been buying up agricultural lands in the United States for years, a trend that a U.S. lawmaker said must end in order to safeguard the American food supply chain. For this reason, Rep. Dan Newhouse (R-Wash.) introduced an amendment to the House’s fiscal 2022 agriculture appropriations bill (H.R.4356) in June. In a recent…
Congressman Wants to End China’s Buying Spree of US Farmland
December 9, 2021
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Belt and RoadBusiness & EconomyChinaChina Business & EconomyChinese Communist PartyChinese RegimeCompaniesFinance & Business TiesInfiltrating the WestInternational RelationsPoliticsRepublicansSmithfield FoodsSpecial TopicsUSUS NewsUS-China relationsUSDA
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China has been buying up agricultural land in the United States for years, a trend that a U.S. lawmaker said must end in order to safeguard the U.S. food supply chain. For this reason, Rep. Dan Newhouse (R-Wash.) introduced an amendment to the House’s fiscal year 2022 agriculture appropriations legislation (H.R.4356) in June. In a…
Some Hedge Funds May Have Lost Millions on Bets on China’s Didi Global
December 9, 2021
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Business & EconomyChinaChina Business & EconomyCompaniesDidihedge fundsMarketsNew York Stock Exchange
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TORONTO—Several hedge funds may have been bruised by bets on Didi Global Inc., filings showed after the shares tumbled since the Chinese ride-hailing company announced plans to withdraw from the New York Stock Exchange. Didi’s shares have tumbled 56.8 percent from their June 30 IPO price. The slide accelerated after the company said on Friday…
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