The Chinese Communist Party (CCP) regime’s fiscal balance for the first three quarters of 2022 shows that revenue for the country’s general public budget fell by 6.6 percent year-on-year, while revenue for the government funding budget fell 24.8 percent year-on-year, although corresponding expenditure increased significantly. The Chinese Ministry of Finance announced the figures on Oct. 25….
CCP’s Budget Deficit Reaches Nearly $1 Trillion
November 10, 2022
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Beijing Replaces Discredited Confucius Institutes With Luban Workshop
November 10, 2022
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China’s communist regime has set up technical training centers–under the umbrella of the so-called Luban Workshop—in dozens of countries in recent years, replacing its overseas propaganda organization, the Confucius Institute. Experts have warned that Luban Workshop is the regime’s new way of covertly exporting its ideology. The first Luban Workshop center was established in Thailand…
Biden Extends Trump-Era National Emergency, Investment Bans on Chinese Military-Linked Companies
November 9, 2022
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President Joe Biden is extending a Trump-era national emergency this week, which prohibits U.S. companies or individuals from investing in companies linked to China’s military. Then-President Donald Trump issued Executive Order 13959 in November 2020, citing threats to national security. The order declared a national emergency in order to allow for a halt to investments…
China’s Market Environment Deteriorates as Foreign Investment Confidence Drops to New Low
November 9, 2022
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China’s business outlook has dropped to a historic low while revenue forecasts reached the lowest in a decade, according to hundreds of American businesses operating in the country. An annual business report released by the American Chamber of Commerce in Shanghai (AmCham Shanghai) on Oct. 28 showed that only 55 percent of the companies surveyed…
Beijing Insists on Zero-COVID Policy but Blames Local Governments for Excessive Measures
In a press conference on Friday, the Chinese Health Commission insisted the country’s zero-COVID policy is an effective and economic measure for pandemic containment. The officials also blamed local governments such as Zhengzhou for unscientific measures that hurt the economy and frustrated the public. On Nov. 5, the Health Commission emphasized sticking with the policy to…
Concerns Raised Over Chinese Near-Monopoly of Tokyo’s Funeral Industry: Executive
November 8, 2022
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Japan has become the go-to market for Chinese businesses wanting to expand through acquisitions there. In addition to acquiring the oldest home appliance store Laox and turning it into a popular duty-free store for tourists, Chinese investors have snatched up hotels that struggled during the pandemic and recently come to a near monopoly of Tokyo’s…
China Trade Down on Weak Global Demand, Virus Curbs
BEIJING—China’s trade shrank in October as global demand weakened and anti-virus controls weighed on domestic consumer spending. Exports declined 0.3 percent from a year earlier to $298.4 billion, down from September’s 5.7 percent growth, the customs agency reported Monday. Imports fell 0.7 percent to $213.4 billion, compared with the previous month’s 0.3 percent expansion. China’s…
Investors Should Abandon Wishful Thinking on China
November 7, 2022
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Commentary Western investors have been very patient, and even persistent, in believing for decades that China will be the new frontier, the investing “holy grail,” even. After decades of investment and engagement with China, however, the country’s ruling Chinese Communist Party (CCP) has not become more democratic. Now that the 20th Party Congress has come…
Apple Warns Ongoing COVID-19 Lockdowns in China Significantly Impacting iPhone Production
November 6, 2022
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Apple warned that COVID-19 lockdowns in China are “significantly” impacting its iPhone supply chain. “COVID-19 restrictions have temporarily impacted the primary iPhone 14 Pro and iPhone 14 Pro Max assembly facility located in Zhengzhou, China,” the company said in a statement on Sunday. “The facility is currently operating at significantly reduced capacity.” The factory makes…
German Chancellor Visits Beijing Amid Lingering Questions of Rivalry
November 6, 2022
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German Chancellor Olaf Scholz, leading a group of CEOs from German companies, visited Beijing on Nov. 4 and met with the head of the Chinese communist regime Xi Jinping, drawing criticism in Germany and from the international community. Scholtz was the first foreign leader to meet with Xi after he secured a third term as…
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