China’s three-year “zero-COVID” approach has devastated the nation’s economy and fiscal revenue, and seriously diminished its tax base. Looking at the scale of the impact of zero-COVID on China’s economy, Zhang Tao, an economist serving China Construction Bank’s financial markets department, admitted in an article published on a Chinese tech company’s website Sina.com on Dec. 9 that…
China’s Tax Base Drastically Reduced by Three Years of Zero-COVID
December 19, 2022
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NASDAQ-100 to Exclude Several China Concept Stocks, Including Baidu
December 19, 2022
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Business & MarketsChinaChina Business & EconomyChina Concept StocksCompaniesNASDAQ-100 IndexUS-China relations
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News Analysis Chinese internet companies Baidu (BIDU) and NetEase (NTES) will be removed from the NASDAQ-100 Index (NDX) before the opening bell on Dec. 19, along with five other companies. The NASDAQ-100 Index includes the top 100 non-financial companies listed on the Nasdaq stock market. The index is reconstituted each year in December, removing companies…
Wong to Visit China for Diplomatic Talks
December 18, 2022
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Foreign Minister Penny Wong will travel to Beijing to mark the 50th anniversary of Australia-China diplomatic relations. Senator Wong has been invited by the Chinese government to meet with her counterpart Wang Yi and hold the sixth Australia-China Foreign and Strategic Dialogue which was last held in 2018. It signals a step forward in diplomatic…
Beijing Needs to Engage With Australia ‘Wisely’: Foreign Minister Penny Wong
December 18, 2022
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AustraliaBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsInternationalInternational RelationsPenny WongWorld
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Foreign Minister Penny Wong has again signalled to Beijing that good bilateral relations are dependent on billions in punitive trade sanctions on Australian products being removed. The sanctions, implemented in 2020 as part of a targeted campaign of economic coercion against Australia, have been a sticking point for officials looking to stabilise ties. Beijing has…
Wealth of China’s Richest Woman Halved, Sells Shares to Cash In
Yang Huiyan, the richest woman in China, recently sold about 7 per cent of her stake in Country Garden Services Holdings, cashing out about HK$5.055 billion (approx. $660 million). The share price fell nearly 16 percent the next day. The “2022 Hurun Women Entrepreneurs List,” released on Dec. 12, ranked Yang as China’s richest woman…
Ashley Yablon: How I Exposed a CCP Tech Giant’s Elaborate Scheme to Evade US Sanctions
December 15, 2022
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American Thought Leadersanti-chinaAttorneyCCPCCP (Chinese Communist Party)ccp whistleblowerChinaChina Business & Economychinese communismChinese RegimeEpochTVevade sanctionsHuaweiInfiltrating the WestInternational RelationsLive VideosNational SecuritySpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relationsVideowitness protectionZTE
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American Thought Leadersanti-chinaAttorneyCCPCCP (Chinese Communist Party)ccp whistleblowerChinaChina Business & Economychinese communismChinese RegimeEpochTVevade sanctionsHuaweiInfiltrating the WestInternational RelationsLive VideosNational SecuritySpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relationsVideowitness protectionZTE
“As I was scrolling through it, I saw a section of the contract that was titled, ‘How we will get around U.S. export laws’ … And I nearly fell out of my chair when I saw that, and I knew that I needed to do something,” says attorney and whistleblower Ashley Yablon. In 2011, Yablon…
Biden Administration Blacklists 21 China-Based AI Chip Makers
December 15, 2022
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AIbiden administrationCCPChinaChina Business & EconomyFinance & Business TiesInternational RelationsNational SecuritysemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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The Biden administration is adding 22 Chinese chipmakers to a trade blacklist, widening its crackdown on China-based semiconductor manufacturers. The Commerce Department added YMTC and 21 “major” Chinese entities working in the domain of artificial intelligence chips to a trade blacklist, broadening its crackdown on China’s chip industry. YMTC was added to the list over…
Biden Administration Blacklists 21 China-Based AI Chipmakers
December 15, 2022
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AIbiden administrationCCPChinaChina Business & EconomyFinance & Business TiesInternational RelationsNational SecuritysemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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The Biden administration is adding 22 Chinese chipmakers to a trade blacklist, widening its crackdown on China-based semiconductor manufacturers. The Commerce Department added Yangtze Memory Technologies Corp (YMTC) and 21 “major” Chinese entities working in the domain of artificial intelligence chips to the blacklist. YMTC was added to the list over concerns it could divert…
US Receives ‘Full Access’ to China Accounting Firms for First Time Ever
December 15, 2022
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auditBusiness & MarketsChinaChina Business & EconomycommerceCompaniesFinance & Business TiesInternational RelationsPCAOBSpecial TopicsUSUS NewsUS-China relations
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The United States is receiving full access to inspect and investigate accounting firms in China for the first time, according to the nation’s top auditor. The U.S. Public Company Accounting Oversight Board (PCAOB) announced on Dec. 15 that it obtained full access to inspect and investigate firms in China after years of refusals by the…
US Receives ‘Full Access’ to China Accounting Firms for First Time
December 15, 2022
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auditBusiness & MarketsChinaChina Business & EconomycommerceCompaniesFinance & Business TiesInternational RelationsPCAOBSpecial TopicsUSUS NewsUS-China relations
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The United States is receiving full access to inspect and investigate accounting firms in China for the first time, according to the nation’s top auditor. The U.S. Public Company Accounting Oversight Board (PCAOB) said on Dec. 15 that it obtained full access to firms in China after years of refusals by the Chinese Communist Party…
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