Tag: China Business & Economy

‘Summoning the Devil:’ Chinese Economist’s Call for ‘People’s Economy’ Triggers Backlash

October 4, 2022
CCP VirusChinaChina Business & EconomyChinese Regimeeconomyprivate sectorpurgingSpecial Topics
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A Chinese agricultural economist’s claim that China’s economy should be a “people’s economy” has triggered fierce criticism in China and overseas. Wen Tiejun, a 71-year-old professor at China’s Renmin University, is better known as an expert in China’s agricultural and rural issues. In the 1980s and 1990s, Wen was engaged in rural policy research for the…

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Google Disables Translation Service in China, Cites ‘Low Usage’

October 4, 2022
Business & MarketsChinaChina Business & EconomyCompaniesGoogleMedia & Big TechUSUS News
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Google has disabled its Google Translate service in China, removing one of the few services the U.S. tech giant had offered in the country, where the regime strictly controls the internet. Chinese users trying to access the Google Translate app or website will see only a generic search bar and be redirected to Google’s Hong…

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Chinese Biotech Company With Military Ties Buys US Land to Build Facility to Breed Monkeys

October 4, 2022
BioeconomyChinaChina Business & Economyeconomic theftmilitarytechnology theftThreat from Communist ChinaUS-China relations
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A Chinese biotech outsourcing company (CXO) with military ties recently purchased a large piece of land in Florida to build a monkey breeding and quarantine facility. Florida newspaper Citrus County Chronicle reported on Sept. 22 that JOINN Laboratories, a Chinese CXO pharmaceutical company, purchased a 1,400-acre parcel of land in Levy County in July for…

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Google Discontinues Google Translate in Mainland China

October 3, 2022
Business & MarketsChinaChina Business & EconomyCompaniesGoogle translationMedia & Big Techsocial controlSpecial Topics
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Google has discontinued its Google Translate services in mainland China, removing one of the company’s few remaining services that it had provided in a country where most Western social media platforms are blocked. The Google Translate app and website now display a generic search bar and a link redirecting Chinese users to its page in…

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Statistics on China’s Amazing Population Density

October 3, 2022
ChinaChina Business & EconomyGuangdongHong KongMacauShenzhenSocial Issues
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According to Chinese public data, some 21 cities in China now have a population density of more than 1,000 people per square kilometer (0.386 square miles). Six cities are in Guangdong Province. Among them, Shenzhen is the most crowded city, with over 7,000 people per square kilometer. The 10 cities with the highest population density…

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Chinese Firm Blocked From Accessing Key Information About UK’s Power Grid

October 3, 2022
Business & MarketsChinaChina Business & EconomyChinese RegimeCompanieseconomic policieseconomyenergyEurope-China RelationsInternational RelationsJacob Rees-MoggKwasi KwartengNational SecurityUKWorld
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The UK government has blocked a Chinese firm from accessing sensitive information about Britain’s power grid, as concerns grow about Beijing’s involvement in critical infrastructure in the West. Redrock Investment Limited, a subsidiary of China’s state-owned State Development & Investment Corporation (SDIC), is set to obtain a 35 percent stake in Electricity North West (ENW),…

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China’s Factory, Services Surveys Suggest Economy Struggling to Rebound

October 1, 2022
Business & MarketsChinaChina Business & EconomyCompanieseconomyinflationproductionrecession
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BEIJING—China’s factory activity eked out growth in September, but a slowdown in services sector growth and a downbeat private manufacturing survey pointed to further cooling as the economy grapples with COVID-19 curbs and softening global demand. China’s official manufacturing purchasing managers’ index (PMI) rose to 50.1 in September from 49.4 in August, the National Bureau…

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US Imposes New Sanctions on Iran Oil Exports, Targets Chinese Firms

October 1, 2022
Business & MarketsChinaChina Business & EconomyenergyExecutive BranchIranMiddle EastPoliticssanctionsUnited StatesUSWorld
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WASHINGTON—The United States on Thursday imposed sanctions on companies it accused of involvement in Iran’s petrochemical and petroleum trade, including five based in China, pressuring Tehran as it seeks to revive the 2015 Iran nuclear deal. Washington has increasingly targeted Chinese companies over the export of Iran’s petrochemicals as the prospects of reviving the nuclear…

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Hong Kong Enters Economic Winter as the US Again Raises Interest Rate

October 1, 2022
Asia & PacificBusiness & MarketsChinaChina Business & EconomyeconomyFederal Reserve (Fed)HK BusinessHK Current AffairsHong KongHong Kong Monetary AuthorityinflationNouriel RoubiniWorld
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HSBC, one of the banks in Hong Kong that issues banknotes, raised the Hong Kong Dollars (HKD) prime rate by 0.125 percent on Sept. 23. The raise came after the Federal Reserve (Fed) announced a 0.75 percent rate increase in the federal funds at midnight on Sept. 22. The rate hike signifies Hong Kong has…

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TikTok Is ‘Everything That You Do Not Want in a Modern Democracy’: Tech Expert

September 30, 2022
American Thought LeadersCCPChinaChina Business & EconomyChinese RegimeFinance & Business TiesGeoffrey CainGlobal ExpansionInfiltrating the WestInternational RelationsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaTikTokUS-China relations
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Social media giant TikTok and its nebulous connections to the Chinese Communist Party (CCP) present a threat to U.S. national security, according to one expert. Geoffrey Cain, an independent investigative journalist and author of a book on the CCP’s efforts to build a totalitarian surveillance state, believes that TikTok’s troubled emergence, shadowy corporate structure, and…

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