Tag: China Business & Economy

CCP Official Confirms Its ‘Spy Ship’ Has Docked at Sri Lanka’s Port

August 17, 2022
Asia & PacificChinaChina Business & EconomyHambantota portIndiaInternationalInternational RelationsSri LankaWorldYuan Wang 5
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An official from the Chinese Communist Party’s (CCP’s) foreign ministry on Tuesday confirmed that the regime’s satellite-tracking vessel has docked at Sri Lanka’s port for replenishment, following a delay caused by India’s resistance over security concerns. The research vessel, Yuan Wang 5, arrived at the Hambantota port on Tuesday morning and will remain there for…

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CCP Confirms Its ‘Spy Ship’ Has Docked at Sri Lanka’s Port, After Objections From India

August 17, 2022
Asia & PacificChinaChina Business & EconomyHambantota portIndiaInternationalInternational RelationsSri LankaWorldYuan Wang 5
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An official from the Chinese Communist Party’s (CCP’s) foreign ministry on Tuesday confirmed that the regime’s satellite-tracking vessel has docked at Sri Lanka’s port for replenishment, following a delay after India objected to the ship’s arrival, citing security concerns. The research vessel, Yuan Wang 5, arrived at the Hambantota port on Tuesday morning and will…

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150,000 Tourists Stranded in Hainan, Regime Represses Their Protests

August 16, 2022
CCP VirusChinaChina Business & EconomyChinese RegimeCOVID-19INSIDE CHINAisolationTibetzero tolerance
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The Chinese regime repressed protests in Hainan after 150,000 tourists were stranded on the island province under the COVID-19 “zero-tolerance” policy. Eventually, the regime reopened the airports on Aug. 15 and allowed some travelers to leave. The regime suspended all flight, train, and ferry services across the Qiongzhou Strait in the province on Aug. 6,…

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Unfinished Buildings in China Put Trillions of Chinese Bank Loans at Risk

August 16, 2022
ChinaChina Business & Economychinese bank loansChinese property developersdebt crisisevergrandeFinance & Business TiesFortune Global 500mortgage strikereal estate marketSpecial Topicsunfinished buildings
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Amid the real estate debt crisis, China Evergrande Group and two other Chinese property giants have fallen from the 2022 Fortune Global 500, reducing the number of Chinese property developers to five from eight last year. Fewer Chinese developers in the Global 500 reflect the collapsing Chinese real estate market as domestic demand and home…

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China’s ‘Secret Financial Empire’ Collapses in Leadup to the Vote for Next Communist Party Leader

August 15, 2022
ChinaChina Business & EconomyChinese Regimestock marketTomorrow HoldingsXiao Jianhua
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Tomorrow Holdings, the most secretive conglomerate in China’s capital markets, is facing dismantlement by the country’s top financial regulator. On Aug. 3, the Inner Mongolia Supervisory Bureau, under China Banking and Insurance Regulatory Commission (CBIRC), announced a raft of penalties against the conglomerate. New Times Trust, one of the financial institutions of Tomorrow Holdings, was…

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Baltic Countries Quit China-led East European Bloc Despite Retaliation From Beijing

August 15, 2022
17+1Asia & PacificBelt and RoadCEECChinaChina Business & EconomyChinese RegimeEuropeEurope-China RelationsGlobal ExpansionInternational RelationsSpecial TopicsTaiwanWorld
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Following Lithuania’s departure from the East Europe forum, that is led by China, in May 2021, Latvia and Estonia announced last week that they are also leaving. Meanwhile, the Chinese communist regime put sanctions on Lithuanian officials for visiting Taiwan. Experts point out that the Baltic countries leaving China’s “17+1” bloc is a serious blow to…

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Unable to Pay Drivers, Bus Company in China’s Dancheng Halts Service

August 15, 2022
ChinaChina busChina Business & EconomyDanchengsuspend
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The county of Dancheng in China’s central Henan province stopped its bus service on Aug. 12 after its drivers went without pay for several months. Local authorities forced privately-owned Dancheng Public Transportation Company to resume operations on Aug. 13 but the company complained about a lack of financial support. “All buses we have are green-energy…

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Australian Energy Minister Hopes US-China Climate Talks Can Be ‘Ring-Fenced’ From Taiwan Tensions

August 14, 2022
AustraliaBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsChris Bowenclimate changeeconomic policiesenergyInternationalInternational RelationsTaiwanUSUS NewsUS-China relationsWorld
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Australian Energy Minister Chris Bowen is hoping Washington and Beijing can “ring-fence” the growing tensions over Taiwan and continue climate change talks after they were shuttered by the Chinese Communist Party in response to House Speaker Nancy Pelosi’s (D-Calif.) visit to Taiwan. Beijing announced its “countermeasures” in response to Pelosi’s high-profile visit on Aug. 5…

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More Chinese Cities Locked Down Under Strict ‘Zero-COVID’ Measures

August 14, 2022
CCP VirusChinaChina Business & EconomyChinese RegimeHaikouHainanINSIDE CHINAlockdownsanyasocial controlSpecial TopicsTibetYiwu
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China has put several cities across the country and tens of millions of residents under new lockdowns, including the world’s largest wholesale hub and port cities. Many travelers are now stranded and struggling for food, production orders have been cancelled, and businesses are closing under the Chinese regime’s strict “zero-COVID” measures. According to Chinese media,…

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Hong Kong’s Q2 GDP Shrinks 1.3 Percent; Government Cuts 2022 Forecast

August 14, 2022
Business & MarketsChinaChina Business & EconomyeconomyHK BusinessHong Kong
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HONG KONG—Hong Kong’s economy contracted 1.3 percent in the second quarter from the same period a year earlier, government data showed on Friday, following a weak performance in external trade during the period. It was the second straight quarter of year-on-year contraction for the Asian financial hub’s gross domestic product (GDP). Seasonally adjusted GDP was…

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