Tag: China Business & Economy

CCP Reacts to Liz Truss and New Cabinet With Silence and Skepticism

September 10, 2022
Asia & PacificcabinetChinaChina Business & EconomyChina hawkChina Human RightsChinese RegimeEurope-China RelationsGlobal ExpansionInfiltrating the WestInternational RelationsSpecial TopicstrussTugendhatUKWorld
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New British Prime Minister Liz Truss took office and announced the members of her new cabinet on Sept. 6. Truss is known for her tough stance on China’s ruling Communist Party (CCP), and so are some of the new cabinet members. CCP leader Xi Jinping hasn’t sent congratulations to Truss, while the regime and its…

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CCP Reacts to UK’s Liz Truss and New Cabinet With Silence and Skepticism

September 10, 2022
Asia & PacificcabinetChinaChina Business & EconomyChina hawkChina Human RightsChinese RegimeEurope-China RelationsGlobal ExpansionInfiltrating the WestInternational RelationsSpecial TopicstrussTugendhatUKWorld
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New British Prime Minister Liz Truss took office and announced the members of her new cabinet on Sept. 6. Truss is known for her tough stance on China’s ruling Communist Party (CCP), and so are some of the new cabinet members. CCP leader Xi Jinping hasn’t sent congratulations to Truss, while the regime and its…

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Exclusive: CCP ‘Keystone Project’ Seeks Global Domination by Centralizing Chinese Industries

September 10, 2022
ChinaChina Business & EconomyChinese Regimeenterpriseintegrationmonopoly
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Chinese authorities re-emphasized the regime’s goal of achieving “one enterprise for one industry, one industry with one enterprise” in a recent meeting. According to a source close to Beijing’s top official circle, after the 20th National Congress, the Chinese Communist Party (CCP) plans to centralize various Chinese sectors through the deployment of the “one enterprise…

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China’s Export Growth Sinks in August, Imports Shrink

September 8, 2022
Business & MarketsChinaChina Business & Economyeconomygrowthtrade
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BEIJING—China’s trade weakened in August as high energy prices, inflation, and anti-virus measures weighed on global and Chinese consumer demand, while imports of Russian oil and gas surged. Exports rose 7 percent over a year ago to $314.9 billion, decelerating from July’s 18 percent expansion, customs data showed Wednesday. Imports contracted by 0.2 percent to…

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US SEC Warns Against Switching Auditors to Avoid Chinese Company Trading Bans

September 7, 2022
auditorBusiness & MarketsChinaChina Business & EconomyThe Securities and Exchange Commission (SEC)US-China relations
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WASHINGTON/HONG KONG—U.S. accounting firms that agree to lead audits of New York-listed Chinese and Hong Kong companies looking to avoid potential trading bans risk breaching U.S. rules, the U.S. Securities and Exchange Commission (SEC) warned on Tuesday. Worried they may be kicked off U.S. exchanges if China does not allow the SEC’s accounting watchdog to…

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Deutsche Bank CEO Warns on Recession, China and US Banks

September 7, 2022
Business & MarketsChinaChina Business & EconomyDeutsche BankGermanyMarketsrecession
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FRANKFURT—Deutsche Bank chief Christian Sewing, painting a bleaker assessment of the Germany economy, on Wednesday warned that China was a considerable risk for the nation and that Europe needed big banks to fend off American competitors. Sewing, speaking at a conference in Frankfurt, said Germany would “no longer be able to avert a recession”. He…

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Biden Admin Bars Construction of ‘Advanced’ Semiconductor Factories in China for 10 Years

September 7, 2022
ChinaChina Business & EconomychipsFinance & Business TiesInternational RelationsNational SecurityPolicies & ImpactssemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relations
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The Biden administration announced this week that technology companies that receive funds from the $280 billion CHIPS and Science Act will be barred from building advanced facilities in China for a period of 10 years. Secretary of Commerce Gina Raimondo announced the rule during a Sep. 6 press conference, framing the rule as an important…

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Amid Sizzling Temps, Chinese Cities Power Down, Putting Foreign Companies in a Tough Spot

September 6, 2022
ChinaChina Business & Economyelectricityheathigh temperaturesupply chaintesla
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Power cuts and limitations imposed in parts of China amid extreme heat waves have caused production halts and supply chain disruptions. Coming after two years of pandemic-related restrictions, the restrictions have added to the difficulties of foreign companies like Tesla. Tesla, seen as the most influential foreign auto giant in China, is facing operating woes…

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Vietnam’s Economy Grows as Businesses Exit China

September 5, 2022
Asia & PacificChinaChina Business & EconomyFDIgdp growthIndustrial ProfitsMoody’s AnalyticsVietnamWorldzero-covid policy
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Vietnam reported positive production and operating data through July with Moody’s Analytics raising its forecast of the country’s GDP growth to 8.5 percent, making it its highest growth projection in Asia-Pacific. This comes as China to the nearby north has been showing further signs of an economic downturn. Despite a slowdown in Vietnam’s exports in…

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Beijing’s 3rd Most Important Official to Visit South Korea as China and US Compete Over Semiconductors

September 4, 2022
Asia & PacificBusiness & MarketsChinaChina Business & EconomyChip 4 allianceeconomyInternationalSamsung Electronics CoSamsung GroupUS-China relationsWorld
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Li Zhanshu, the third most important figure in the Chinese Communist Party (CCP) and a member of the Politburo Standing Committee, is to visit South Korea in mid-September. According to experts, China and the United States are competing to win over South Korea as it is an important part of the global semiconductor supply chain….

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