China has once again enforced drastic lockdowns, affecting at least 31 provinces and 134 cities right before the 20th meeting of the Chinese Communist Party Congress. The lockdowns are said to stem from a recent Xinjiang outbreak. A Chinese economist warned of a bleak outlook for the Chinese economy as the country saw its services…
China Services PMI Falls as Regime Once Again Imposes Drastic Lockdowns
Deloitte-China Case ‘Not Alone’ Among International Financial Standards Violations in China: Experts
The U.S. Securities and Exchange Commission (SEC) fined Deloitte-China $20 million on Sept. 29 for its failure to comply with basic U.S. audit requirements. Experts say the incident highlights the need for better oversight of Chinese audit firms. Deloitte-China, also known as Deloitte Hua Yong, is the Chinese affiliate of international accounting firm Deloitte Touche…
China’s COVID-19 Restrictions Weakened its Consumer Markets and the Food and Beverage Industry
China’s zero-COVID policy has negatively impacted consumer buying habits and severely weakened the food and beverage industry. Companies like Taiwan’s famous Bafang Dumpling chain hint they may withdraw from the Chinese market and divert their operations to the United States. Although Bafang has yet to confirm this, it has activated its stop-loss mechanism, closed poorly…
LIVE 1 PM ET: How Can We Deter China in the 2020s? A Conversation With Michèle Flournoy
October 6, 2022
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ChinaChina Business & EconomyChinese RegimeEpochTVEpochTV LiveInternational RelationsLive VideosMichèle FlournoyUS-China relationsVideo
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The Epoch Times will livestream the online event, “How Can We Deter China in the 2020s? A Conversation with Michèle Flournoy,” starting at 1 p.m. ET on Oct. 6. Access the livestream on this page, and also at EpochTV. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on…
How Can We Deter China in the 2020s? A Conversation With Michèle Flournoy
October 6, 2022
admin
ChinaChina Business & EconomyChinese RegimeEpochTVEpochTV LiveInternational RelationsLive VideosMichèle FlournoyUS-China relationsVideo
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The Epoch Times will livestream the online event, “How Can We Deter China in the 2020s? A Conversation with Michèle Flournoy,” starting at 1 p.m. ET on Oct. 6. Access the livestream on this page, and also at EpochTV. * Click the “Save” button below the video to access it later on “My List.” Follow EpochTV on…
US’s Reported TikTok Security Agreement Is a ‘Bad Deal’: Rubio
October 6, 2022
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Asia & PacificBusiness & MarketsBytedanceChinaChina Business & EconomyCompaniesMarco RubioMedia & Big TechNational SecuritySocial MediaSpecial TopicsTechTech NewsTikTokUSUS NewsUS-China relationsWorld
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Sen. Marco Rubio (R-Fla.) criticized a reported preliminary agreement between the Biden administration and TikTok that would avoid major changes to the popular video-sharing app’s Chinese ownership. “Any ‘agreement’ with TikTok absent full divestment from ByteDance and the Chinese Communist Party is a bad deal—both for U.S. national security and for the millions of Americans…
On China’s Disinflation
October 5, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & Economychina deflationChina inflationeconomyHK BusinessHong KonginflationOpinionrecessionThinking About ChinaViewpointsWorld
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Disinflation in China is one of the eye-catching macroeconomic phenomena against the backdrop of global high inflation. Look at the other BRICS countries: India’s latest inflation stands at 7 percent, South Africa at 8 percent, Brazil at 9 percent, and Russia at 14 percent. China? Below 3 percent. The real estate and debt deleveraging must…
Continuing to Defend Currency Peg to US Dollar May Be ‘Dangerous’ for Hong Kong: Expert
Hong Kong’s latest foreign currency reserve showed another $10.014 billion drop in August, down from July’s $441.8 billion, pushing the accumulated reduction since last December to $67.563 billion. On Sept. 30, the Hong Kong Monetary Authority (HKMA), the city’s central bank, released an analysis of the city’s foreign currency reserves and foreign currency liquidity. The…
Election Software CEO Arrested Over Data Theft, Storing Data on Servers in China
October 5, 2022
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Business & MarketsChinaChina Business & EconomyCompaniesdata theftelectionElection IntegrityFeatured TopicsKonnechLocal NewsMedia & Big TechRegional-Local NewssoftwareSouthern CaliforniatechnologyUSUS NewsUS-China relations
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The head of Konnech Corporation, a Michigan-based software company, was arrested Tuesday for allegedly stealing and storing personal data of Los Angeles County election workers on servers in China. Konnech’s CEO Eugene Yu, 51, was arrested on charges of stealing “the personal identifying information” of LA County election workers, according to the LA County District…
‘Prosperous Era’ of China’s Real Estate Market May Be Over: Experts
Local governments across China are pushing various measures to stimulate growth in the floundering real estate market, following the defaults of several real estate giants in the last two years. However, experts believe that China’s housing market saturation, coupled with low investor confidence, means that the decline of the property sector is unlikely to reverse…
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