BEIJING—Railway travel in China hit an eight-year trough and a pandemic low in the usually busy summer season, according to official data, as fresh virus flare-ups curbed mobility and hit tourist confidence. Some 440 million passenger trips were taken on China’s railway network between July 1 and Aug. 31, its lowest since 2014, data from…
China Railway Travel Hits 8-year Low in Summer Months on Virus Flare-Ups
US Maintains Trump-Era China Tariffs, While Review Continues
September 3, 2022
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Asia & PacificbidenChinaChina Business & EconomyChina tariffChinese RegimeeconomyGlobal ExpansionSpecial TopicsThreat from Communist ChinaTrumpUSUS-China relationsUSTRWorld
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The U.S. government said that it will continue to impose tariffs on hundreds of billions of dollars worth of Chinese goods on Sept. 2, while continuing the statutory review of those tariffs initiated during the Trump administration. The Office of the U.S. Trade Representative (USTR) said in a federal notice that the department received requests…
Chinese Domestic Stocks Disclose Interim Results, Half Record Significant Drop in Profit
As of Aug. 31, Chinese shares listed on domestic stock exchanges have disclosed their interim operating results, with over half of them reporting a huge loss in profits. There are 4,888 Chinese companies listed on China’s domestic stock exchanges in Shenzhen, Shanghai, and Beijing; 4,887 companies have published their performance results for the first half…
What China’s Economic Disaster Means for Markets
Commentary China’s economy is in shambles. While it is unlikely to affect Chinese Communist Party leader Xi Jinping’s bid for another term as the regime boss, the world’s No. 2 economy will have an impact on the rest of the world if it crashes and burns. China’s real estate sector—whose importance cannot be understated in…
Cyberscam Victim Says CCP Belt and Road Developers Are International Human Trafficking Syndicates Based in Cambodia
After the recent exposure of international fraud and human trafficking that victimized thousands of Chinese-speaking nationals from China, Taiwan, and Hong Kong, details about the fraud syndicates are surfacing as more rescued victims speak up. Much information has pointed to the Communist regime’s Belt and Road Initiative (BRI) developers based in Cambodia as the main…
China’s Economic Outlook Dulled by Fresh Property, COVID-19 Woes
BEIJING—Persistent weakness last month in China’s property market and manufacturing sector, which combined account for half of the country’s gross domestic product (GDP), renews risks to its recovery already threatened by disruptions from widespread COVID curbs. Nearly 70 Chinese cities reported declines in new home prices in August, the most since the start of the…
China’s GDP Growth May Fall Below 3 Percent Amid Severe Drought, Power Crunch: Economist
September 1, 2022
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ChinaChina Business & EconomyChinas GDPCOVID-19 restrictionsdroughtsGDPgdp growthheatwavesPower CrisisPower Crunchwater crisiszero-covid policy
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A power crunch and record heatwaves in China have disrupted factories, offices, farmlands, and many of the cities’ essential functions. Some subway stations are reportedly dimmed, with little to no lighting. Dan Wang, chief economist of Hang Seng Bank (China) told CNBC that the power crisis and droughts would likely cause China’s GDP growth to…
Hydropower Crisis in China’s Sichuan Could Affect Semiconductor Production: Expert
News Analysis The high temperatures and drought across southern China in August prompted many places in Sichuan Province to impose power cuts on industries. The disruption could affect semiconductor production in Chengdu city and directly impact Taiwanese companies and the supply chain. As a semiconductor manufacturing powerhouse, Sichuan’s provincial capital Chengdu has attracted many international…
Lower Interest Rates Unlikely to Stimulate China’s Property Market: Expert
Amid a real estate developer debt crisis, China’s central bank consecutively lowered its Loan Prime Rate (LPR) in an attempt to stimulate sales in the property market. However, experts say that the move is unlikely to turn the market around. On August 22, the Chinese central bank lowered its Loan Prime Rate (LPR) for the…
Chinese Think Tank Challenges Zero-Covid and Warns of Economic Stillness
A Chinese think tank openly challenged Beijing’s strict zero-Covid measures with an online post on Chinese social media WeChat and Weibo that warned the policy would cause an “economic stall.” The Anbound Research Center said, “Preventing the risk of economic stall should be the priority task,” in a report titled, “It’s Time for China to…
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