SINGAPORE—China is buying more and less expensive energy supplies from Russia this year, reaping the benefits of a plunge in European purchases just when Beijing needs it most as the Ukraine crisis pushes Moscow in search of alternative markets. The growing cooperation, to be further deepened with Chinese leader Xi Jinping’s meeting with Russia’s Vladimir…
Over 300 Million in 74 Cities Under COVID Lockdown Ahead of China’s 20th Party Congress
September 14, 2022
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20th National CongressCCPCCP VirusChinaChina Business & EconomyChinese RegimeINSIDE CHINAlockdownnucleic acid testXi Jinpingzero-covid policy
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Since late August, more than 300 million people in at least 74 cities in China have been placed under full or partial lockdown. A Chinese think tank criticized the move, describing it as having high social and economic costs to the country. The widespread shutdown comes as the Chinese Communist Party (CCP) prepares for its…
Human Rights Watch Urges Australia to Act on CCP’s Human Rights Abuses in Xinjiang
September 14, 2022
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AustraliaChinaChina Business & EconomyChina Human RightsChina-Australia RelationsChinese Regimecrimes against humanityHuman Rights WatchInternationalInternational RelationsOHCHRPenny WongRex PatrickUyghurWorldXinjiang
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An advocacy group is calling on the Australian government to sanction Chinese officials for human rights abuses in the Xinjiang region. Human Rights Watch (HRW), an international non-governmental organization that works to raise awareness of human rights abuses globally, published an article on Sept. 13, urging the Australian government to “take firm action” against the…
China Accelerates Massive Issuance of Local Government Bonds
China’s local authorities sped up issuing Local Government Bonds (LGBs) on a large scale, with the total amount climbing to trillions of yuan (billions of U.S. dollars) as of September. The issuance of LGBs soared to 6.08 trillion yuan (about $1.1 trillion) from January to August, surging by 24 percent year-on-year. Among them, a newly…
Expert Gives Insight on a Possible Post-CCP Future
The fiscal deficit of local governments has become a norm in China. During widespread pay cuts of public servants, the regime continues to box itself in with its strict zero-COVID policy. A China affairs observer believes China is heading toward a post-regime epoch. Kenneth C. Fan, the founder of Indo-Pacific Risk Forecast Centre, says that…
Rick Scott, Ron DeSantis Warn of China’s Economic Threat
September 12, 2022
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CCP VirusChinaChina Business & EconomycongresseconomyFinance & Business TiesNational SecurityPoliticsRepublicansRick Scottron desantisSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS NewsUS-China relations
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Sen. Rick Scott (R-Fla.) and Florida’s Gov. Ron DeSantis have warned of the danger of economic dependence on China at the National Conservatism Conference in greater Miami. “We should never buy a product that comes in a box that’s made in China. If we do, send it back,” Scott said. Scott made the comments during…
Huayi Brothers No Longer China’s Largest Privately-Owned Film Company
After five consecutive years of losses, Huayi Brothers Media Corp., widely known as China’s largest private entertainment group, on Aug. 26, reported an accumulated loss of over 6.6 billion yuan (about $990 million). The company has produced some of the most successful films in China, such as “Cell Phone” (2003) and “If You Are the…
Malaysians Rescued From Human Traffickers in Cambodia, Many Still Remain Missing
September 11, 2022
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Twenty-four Malaysians—victims of human trafficking—were rescued from Cambodia and brought back to their homes on Friday, but authorities say many are still missing, having fallen for scam networks often run by transnational organized crime groups. According to Malaysia’s foreign minister, Saifuddin Abdullah, 118 Malaysians have been rescued from the total captive of 148 citizens. Twenty-nine…
What Warren Buffett Selling BYD Stock Means for Regular Investors
September 11, 2022
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Commentary When Berkshire Hathaway, Warren Buffett’s investment firm, began trimming its stake in Chinese electric car and battery maker BYD, rumors began circulating on what it means for the company, China’s stock market, and ordinary investors following Chinese stocks. But to regular everyday investors who follow Buffett, it means very little. On the surface, the…
Many Left Starving Under CCP’s COVID Lockdowns During Mid-Autumn Festival
September 10, 2022
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Asia & PacificBeijingCCP VirusChinaChina Business & EconomyChina Human RightsChinese Regimeendangered animalsfeed shortagefood suppliesINSIDE CHINAsocial controlSocial IssuesSpecial TopicsWorldXinjiang
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On Sept. 10, the day of the traditional Chinese Mid-Autumn Festival, the Chinese communist regime reported new COVID-19 cases and plunged more cities and districts into lockdown. Many Chinese are now starving due to disruptions in food supply under the regime’s constant shutdown of cities and transportation. Authorities in Beijing announced nine new COVID-19 infections in…
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