“Everything is bitter, but Paris is sweeter” is the English translation of a Chinese phrase circulating on Chinese social media, reflecting the Chinese people’s hardship under the ruling communist regime’s lengthy Zero-COVID policy. Zero-COVID is a policy of lockdowns enacted on entire cities and regions even when there are only a few cases of COVID-19….
‘Everything Is Bitter’: Chinese Phrase Circulates on Social Media Under Zero-COVID
Extreme Weather in China Exacerbates Global Supply Chain Turbulence
The extreme weather in August has triggered another round of factory shutdown in China. The record high temperatures and drought around the Yangtze River basin led to industrial power outages in southwestern Sichuan Province, and affected the supply chains of many photovoltaic, automotive battery, and material supplies companies. The current wave of power cuts in…
Optimism in US Senate on Future Benefits of Fusion Energy
September 16, 2022
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Business & MarketsChinaChina Business & EconomyClimate PoliciescongresseconomyenergyEnvironmentfissionFusionGlobal ExpansionJoe ManchinNational SecurityPoliticsScienceSenateSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUKUSUS NewsUS-China relationsWorld
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Fusion energy experts spanning the government, academia, and the private sector testified on the prospects of fusion research before the Senate Energy and Natural Resources Committee on Sept. 15. “We believe we have a real shot at commercial fusion power plants on the grid starting in the early 2030s,” said Bob Mumgaard, CEO of the…
Global Container Freight Rates Have Halved Since March as Demands Drop and Inflation Looms
September 15, 2022
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Business & MarketsChinaChina Business & Economycontainereconomyenergy crisisEuropeEuropean Central Bank (ECB)freightglobal recessioninflationinterest ratesInternationalU.S. Federal ReserveWorld
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Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…
Global Container Freight Rates Have Halved Since March as Demand Drops and Inflation Looms
September 15, 2022
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Business & MarketsChinaChina Business & Economycontainereconomyenergy crisisEuropeEuropean Central Bank (ECB)freightglobal recessioninflationinterest ratesInternationalU.S. Federal ReserveWorld
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Global container freight rates have been falling since March, and the Freightos Baltic Index (FBX) has nearly halved in the past six months. The third quarter of each year is the traditional peak season for freight. However, this year, the freight industry has experienced a downshift due to global inflation, weakened economic outlooks, and shrunken…
Biden Spokesman Calls Chinese Land Buys Near Military Bases ‘Homeownership Issue’
September 15, 2022
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ChinaChina Business & EconomyeconomyJohn Kirbymilitary baseNational SecurityNorth DakotaPolicies & ImpactsThreat from Communist ChinaUSUS NewsUS-China relations
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White House spokesman John Kirby dismissed questions about foreign land buys close to U.S. military bases and potentially tied to the Chinese Communist Party, calling it a “homeownership issue.” Kirby, National Security Council Coordinator for Strategic Communications, came to the question during a daily briefing Tuesday, about Chinese entities “buying up U.S. real estate” including…
Beijing Requests for Help With Trade Pact Application Ignored by Australia
September 15, 2022
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AmericasAsia & PacificAustraliaBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsChinese RegimeCPTPPInternationalInternational RelationsUS-China relationsWorld
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The Australian government has refused to respond to Beijing’s “repeated” requests to begin negotiations to join one of the world’s most extensive free-trade agreements. This is despite suggestions from Beijing that the current frosty relations between the two countries would improve if Australia backed its admission to the bloc. China’s ambassador to Australia, Xiao Qian…
Shops in Shanghai’s Financial Hub Pay High Price for Zero-COVID
Shanghai’s Lujiazui financial district, known as China’s “Wall Street,” has paid a high price under the Chinese Communist Party’s strict zero-COVID policy. More than a third of the district’s shops have been closed, according to a financial service firm’s analysis. CRIC Securities, a financial service provider in Hong Kong, revealed in its August report that…
Senator Concerned Australian Pension Funds Could Seek Out China Market
September 15, 2022
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AustraliaAware SuperBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsCompaniesInternationalInternational RelationsInvestmentMarketspension fundsSuperannuationWorld
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Sen. James Paterson says he is concerned Australian pension funds (superannuation) could seek out investment opportunities in countries run by authoritarian regimes like China. “We’re not as big a global investor as the United States is, but our superannuation industry—our pensions funds—are increasingly large and are really outgrowing the Australian economy and need to invest…
Small Chinese Border City Under COVID Lockdown for 8 Months, Most Residents Have Fled
September 15, 2022
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Asia & PacificCCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeCOVIDDongxingGuangxiINSIDE CHINAlockdownsocial controlSpecial TopicsWorld
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The small Chinese city of Dongxing, which borders Vietnam, has been under COVID lockdown for more than half a year. According to the China census in November 2020, the city’s population was 216,000. It’s estimated that around only 20,000 people are there now due to the communist regime’s strict zero-COVID policy. Most residents have fled…
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