China has hit Taiwan with several economic sanctions following U.S. House Speaker Nancy Pelosi’s high-profile visit to the island. Among them is a ban on natural sand export to Taiwan aimed at hurting some of its industries, including semiconductors. However, Chinese media recently disclosed that China does not produce the high-purity sand required for chipmaking…
China’s Natural Sand Export Ban to Taiwan has Limited Impact on its Chip Industry: Experts
August 13, 2022
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Asia & PacificBusiness & MarketsChinaChina Business & Economychinese importschipmakingeconomic policieseconomyHouse Speaker Nancy Pelosinatural sandpelosi visitQuartzsandsemiconductorsemiconductor chipsSpecial TopicsTaiwanTech CompetitiontechnologyWorld
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Pelosi Made it ‘Harder’ for Biden to End Trump’s China Tariffs: Commerce Secretary
August 11, 2022
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bidenCCPChinaChina Business & EconomyChinese RegimeFinance & Business TiesInfiltrating the WestpelosiPolicies & ImpactsSpecial TopicstariffsUSUS-China relations
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House Speaker Nancy Pelosi’s (D-Calif.) support of Taiwan has complicated the Biden administration’s efforts to curb tariffs against China, according to Commerce Secretary Gina Raimondo. Raimondo said that Pelosi’s controversial visit to Taiwan last week made the administration’s strategy with China “particularly complicated,” regarding President Joe Biden’s efforts to curb tariffs on more than $300…
Pelosi’s Taiwan Visit Made it ‘Harder’ for Biden to End Trump’s China Tariffs: Commerce Secretary
August 11, 2022
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bidenCCPChinaChina Business & EconomyChinese RegimeFinance & Business TiesInfiltrating the WestpelosiPolicies & ImpactsSpecial TopicstariffsUSUS-China relations
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House Speaker Nancy Pelosi’s (D-Calif.) support of Taiwan has complicated the Biden administration’s efforts to curb tariffs against China, according to Commerce Secretary Gina Raimondo. Raimondo said that Pelosi’s controversial visit to Taiwan last week made the administration’s strategy with China “particularly complicated,” regarding President Joe Biden’s efforts to curb tariffs on more than $300…
Tibet Shuts Down Potala Palace Over First COVID Outbreak in 2 Years
The Chinese regime announced on Aug. 8 the first COVID-19 outbreak in Tibet since 2020. Authorities closed off part of the Tibetan capital Lhasa and mass-tested residents in three cities on Aug. 9 to contain the spread of the virus. The virus was identified as the Omicron BA.2.76 variant. Chinese authorities claimed Mount Everest tourists brought…
China’s Youth Face Bleak Job Market as COVID-19 Slows Economy
BEIJING—Liu Qian, job-hunting with a new master’s degree, said two employers interviewed her and then said the positions had been eliminated. Others asked her to take lower pay. She is one of 11 million new graduates desperate for work in a bleak job market as anti-virus controls force factories, restaurants, and other employers to close….
China Establishes a Mineral Resources Group to Strengthen Its Bargaining Power in Global Market
News Analysis China has set up a new state-owned group in charge of centralized iron ore procurement to increase its bargaining power in the international market. China’s iron ore demand is huge. Data shows that since 2016, China’s annual iron ore imports have exceeded 1 billion tons. In 2021, China imported a total of 1.126…
Senate Democrats Block Amendment to Massive Spending Bill to Prevent US Oil Sales to China
August 10, 2022
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ChinaChina Business & EconomyChinese RegimecongressDemocratsInfiltrating the WestJim InhofeJosh HawleyPoliticsRepublicansSpecial TopicsStrategic Petroleum ReserveTed CruzUSUS NewsUS-China relations
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Forty-six Senate Democrats recently rejected a GOP legislative amendment to block the Biden administration from selling oil from the United States’ strategic reserve to the Chinese regime. Sen. Ted Cruz (R-Texas) offered the amendment during a “vote-a-rama” process, which lasted nearly 16 hours from Saturday evening until Sunday afternoon, when senators voted on many amendments…
Senate Democrats Block Amendment to Massive Spending Legislation to Prevent US Oil Sales to China
August 10, 2022
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ChinaChina Business & EconomyChinese RegimecongressDemocratsInfiltrating the WestJim InhofeJosh HawleyPoliticsRepublicansSpecial TopicsStrategic Petroleum ReserveTed CruzUSUS NewsUS-China relations
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A total of 46 Senate Democrats recently rejected a Republican legislative amendment to block the Biden administration from selling oil from the U.S. strategic reserve to the Chinese regime. Sen. Ted Cruz (R-Texas) offered the amendment during a “vote-a-rama” process, which lasted nearly 16 hours from the evening of Aug. 6 until the afternoon of…
Commerce Department Accuses Chinese Company of Illegally Shipping Equipment to Iran
The Department of Commerce accused China’s largest wire and cable manufacturer, Far East Cable, of violating export controls aimed at preventing the shipment of equipment to Iran. In a charging letter (file) issued July 29, the department said that Far East Cable committed 18 violations of U.S. export controls between 2014 and 2016. During that time,…
China’s Film Industry Saw 40 Percent Box Office Drop in the First Half of 2022
China’s film industry has entered a deep winter amid the communist regime’s draconian COVID-19 lockdowns, with box office attendance in the first half of 2022 down nearly 40 percent year-on-year and no clear sign of recovery. Despite the summer holiday, which is the peak season for China’s film industry, box office sales have been lackluster…
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