Tag: China Business & Economy

US Firms Rethink China Investment on COVID Concerns: Business Group Survey

September 1, 2022
Business & MarketsChinaChina Business & EconomyCompaniesUSus firmsUS-China relations
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WASHINGTON—Strict COVID-19 control measures in China have overtaken sour U.S.–China relations as the top concern of U.S. companies in the country, a business lobby said on Monday. It said more than half of its firms reported the issue as a reason to cancel or delay investments in China. “The looming possibility that companies will again…

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China Locks Down World Largest Electronics Market Under ‘Zero-COVID’ Policy

August 31, 2022
Asia & PacificBusiness & MarketsCCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeeconomyElectronics MarketINSIDE CHINAlockdownMarketsShenzhensocial controlSpecial TopicsWorld
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China’s ruling communist party (CCP) has locked down the world’s largest electronics market and the urban districts in its megacity Shenzhen, which is China’s economic center. Meanwhile, a Chinese think tank warned of major risks to China’s economy, calling on the authorities to change the “zero-COVID” policy to help economy. After 11 local COVID-19 cases…

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Analysis: Xinhua Hints China’s Xi Jinping Will Get Third Term in Power

August 31, 2022
20th party congressbidenCCPChinaChina Business & EconomyChina InsiderChinese RegimeCommunist PartyelectionEpochTVGlobal ExpansionInside CCP OfficialdominvasionNational SecurityPartySpecial TopicsTaiwanthird termThreat from Communist ChinaUS-China relationsXi Jinping
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Chinese leader Xi Jinping will hold a third term in power, Chinese state media reveals. We break down why the conclusion can be made, and what it means for America and Taiwan. Will a Taiwan invasion be imminent? And what does it mean for the future of the America-China relationship? Click the “Save” button below…

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The Chinese Economy and Global Oil Prices

August 31, 2022
Business & MarketsChinaChina Business & EconomyChinese economyenergyoil prices
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News Analysis The global oil price outlook depends on the Chinese economy, the Iran nuclear deal, and the war in Ukraine. On Aug. 15, world oil prices dropped due to speculation that decreased industrial output in China would reduce global demand. China’s economy has been trending downward most of this year, which is pressuring world oil…

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Tyson Pork Plant in Indiana Suspended From Exporting to China: USDA

August 30, 2022
Business & MarketsChinaChina Business & EconomyCompaniesTysonUncategorized
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CHICAGO—Tyson Foods Inc.’s pork processing plant in Logansport, Indiana, has been suspended from exporting products to China, the U.S. Department of Agriculture said on Monday. The suspension is effective Aug. 29, the agency said. Neither USDA nor the company on Monday said why exports to China from the Tyson Fresh Meats plant has been halted….

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Quantum Computing as Important as the Atomic Bomb: Expert

August 30, 2022
ChinaChina Business & EconomyInternational Relationsmilitaryquantumquantum computingtechnologyThreat from Communist ChinaUS-China relations
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Chinese tech giant Baidu is developing its own quantum computer to compete with the United States in the race toward next-generation information processing. The computer does not outperform rivals currently being developed in America but, according to one expert, signals dire competition over the future of data security. Arthur Herman, a senior fellow at the…

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SEC Chairman Warns Chinese Companies to Play by Rules or Face Delisting

August 30, 2022
ChinaChina Business & EconomyChinese Regimedelisting chinese companiesExecutive BranchFinance & Business TiesPolicies & ImpactsPoliticsSEC - U.S. Securities and Exchange CommissionSpecial TopicsUSUS NewsUS-China relations
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The U.S. Public Company Accounting Oversight Board (PCAOB), the China Securities Regulatory Commission, and the Ministry of Finance have reached an agreement on the audit supervision of Chinese concept stocks, which Chinese media described as “great news for investors.” However, the SEC chairman warned that Chinese companies still face the risk of delisting if they…

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China-Backed Companies Using Lawfare to Stall Western Satellite Launches, CEO Says

August 30, 2022
CCPChinaChina Business & Economydeclan ganleyInternational RelationslawfaresatellitestechnologyThreat from Communist ChinaUS-China relations
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Corporations with backing from the Chinese Communist Party (CCP) are waging legal warfare to prevent Western companies from deploying new, state-of-the-art communications satellites, according to one CEO. Wireless entrepreneur and Rivada Networks CEO Declan Ganley spoke to NTD, a sister media outlet of Epoch Times, about how China-backed elements within a company Rivada acquired attempted…

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China’s Shenzhen Shuts Electronics Market Amid COVID-19 Outbreak

August 29, 2022
CCP VirusChinaChina Business & EconomyCOVID outbreakElectronics MarketINSIDE CHINAShenzhenSpecial Topics
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SHENZHEN, China—Authorities in China’s southern city of Shenzhen shut the world’s largest electronics market of Huaqiangbei and suspended service at 24 subway stations on Monday in a bid to curb an outbreak of COVID-19. Three key buildings in the sprawling area, comprised of thousands of stalls selling microchips, telephone parts, and other components to manufacturers,…

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Adidas CEO to Leave Post Ahead of Schedule as the Company Faces Challenges in Chinese Market

August 29, 2022
AdidasBusiness & MarketsChinaChina Business & EconomyChinese marketCompaniessportswearXinjiang Cotton
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German sports brand Adidas recently announced that its CEO, Kasper Rorsted, will leave his post in 2023—three years before his contract ends—and that the company is now searching for its next chief executive. The unexpected move came as the company saw declining sales in China for five consecutive quarters. The company said on Aug. 22…

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