Tag: China Business & Economy

China’s Omicron Variant Outbreak May Affect Industry in Yangtze River Delta

July 21, 2022
Asia & PacificBusiness & MarketsCCP VirusCCP Virus OutbreakChinaChina Business & EconomyCOVID lockdownseconomic policieseconomyINSIDE CHINAWorld
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A few weeks after Shanghai’s reopening from its three-month lockdown, another outbreak of Omicron variant BA.5 occurred in Shanghai City, Anhui Province, and other areas. As of July 12, there were 804 areas in mainland China designated as medium or high-risk due to active COVID-19 cases. The Yangtze River Delta industrial area, including 73 high-risk areas,…

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SEC Chief Says It’s Unknown If China Can Avoid Its Companies Being Delisted From US Markets

July 20, 2022
Business & MarketsChinaChina Business & EconomyMarketsPCAOBSECUS-China relations
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U.S. Securities and Exchange Commission Chairman Gary Gensler said he’s unclear about the prospect of reaching a deal with Beijing to prevent the mass delisting of Chinese companies whose shares are traded on American stock exchanges. In a July 19 interview with Bloomberg, Gensler said the authorities in China are the ones who will ultimately…

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Russia Is China’s Top Oil Supplier for 2nd Month, Saudi Volumes Tumble: Data

July 20, 2022
Business & MarketsChinaChina Business & Economydataeconomic policieseconomyEuropeGold and CommoditiesInternationalMarketsOilRussiaSauditradeWorld
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SINGAPORE—Russia held its spot as China’s top oil supplier for a second month in June as Chinese buyers cashed in on lower-priced supplies, slashing more costly shipments from Saudi Arabia, data showed on Wednesday. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean pipeline and seaborne shipments from Russia’s European and…

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Over 110 Degree Historic Heat Impacts 900 Million People in China

July 19, 2022
ChinaChina Business & Economyheatreporters
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A heatwave that is the worst in over 60 years has hit China. China’s National Climate Center stated on July 13 that over 900 million people have been impacted. Roofs melted, roads exploded, some living trees smoldered under the baking sun, people called emergencies for heat strokes and several passed away at hospitals. The center…

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Investing in China Is Becoming More Risky for US and Foreign Companies

July 19, 2022
American firmsBusiness & MarketsBusiness ColumnistsBusinesses in COVID-19ChinaChina Business & EconomyInvestmentUS-China relations
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News Analysis American and foreign investors in China are experiencing increased risks and lower returns. A candle burning at both ends, the cost of operating in China is increasing, as is the risk. At the same time, a general downturn in the Chinese economy is decreasing investment and preventing consumers from spending money. Harsh economic…

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Faster Spreading Omicron Variants Hit China, Sparking Lockdown Concerns

July 19, 2022
BA.2.12.1BA.5CCP VirusChengduChinaChina Business & EconomyChinese RegimeGansuINSIDE CHINALanzhouOmicronsocial controlSpecial Topics
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Two, more infectious, COVID-19 Omicron variants were detected in China, and a new round of outbreaks has quickly spread to more than 20 of China’s 31 provinces in 2 weeks. Two big cities in western China have been locked down, while major Chinese port cities are conducting mass testing. All of this is sparking concerns…

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China’s Holdings of US Debt Fell Below $1 Trillion for the First Time in 12 Years

July 19, 2022
Business & MarketsChinaChina Business & Economyeconomyforeign holdingsinflationInvestmentU.S. TreasuriesUSUS-China relationsWorld
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China’s holdings of U.S. Treasury securities fell to the lowest level since May 2010, following a sixth successive month of selling in May, a Treasury International Capital (TIC) report from the U.S. Treasury Department showed. China sold $23 billion of U.S. Treasury securities in May, lowering its total ownership to $980.8 billion, according to the…

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NZ Minister Concerned About Pacific Debt Levels to China

July 19, 2022
Asia & PacificAustraliaBusiness & MarketsChinaChina Business & Economychina debteconomyFinance & Business TiesGlobal ExpansionInternationalInternational RelationsNanaia MahutaNew Zealandpacific nationsSpecial TopicsWorld
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New Zealand Foreign Minister Nanaia Mahuta has sounded a warning over debt levels among the Pacific nations, saying it is a key area of vulnerability that needs to be addressed. Speaking to TVNZ’s Q+A program on July 17 said she was concerned about the way development in the Pacific was being funded, particularly by China….

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Real Estate ‘Time Bomb’ and Mortgage Boycott by Homeowners in China; Enes Freedom on Human Rights

July 18, 2022
BoombustCCPChinaChina Business & EconomyChina Human RightsChina Insiderdavid zhangenes freedomEnes KanterEpochTVevergrandeLoanslocal governmentmortgagereal estatesocial controlSpecial TopicsThreat from Communist Chinatime bombUS-China relations
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China is facing a growing mortgage strike. Unfinished homes and growing resentment toward banks and developers may be a ticking time bomb. For the Chinese regime, a third of the economy is on the line, with upward of $2 trillion in home loans. Meanwhile, the protest over what Chinese residents call “rotten tail buildings” reaches…

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Chinese Military Using US Semiconductors to Train Combat AI, Report Says

July 18, 2022
AIarms raceAsia & PacificChinaChina Business & EconomyFinance & Business TiesmilitaryNational SecurityPLAsemiconductorsSpecial TopicsTech CompetitiontechnologyThreat from Communist ChinaUSUS-China relationsWorld
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The Chinese military is purchasing semiconductors designed by U.S. companies and manufactured in Taiwan and South Korea to fuel its advancements in artificial intelligence (AI), according to a new report. The People’s Liberation Army (PLA) is making “significant progress” in adapting AI to its combat and support technologies, according to the June report (pdf), which…

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