Tag: China Business & Economy

Officer’s Dramatic Faked Injury Forces Chinese Regime to Ease Restrictions

June 27, 2022
CCP VirusChinaChina Business & EconomyChinese RegimeCOVID-19dandonghealth codeINSIDE CHINASocial Issues
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A conflict between a police officer and a father-daughter pair in northeastern China’s Dandong city angered the Chinese people. Under pressure from public opinion, the regime was forced to ease some of the restrictions in the city on June 24. Such a move is a big deal for a city that had been locked down…

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Aftermath of Shanghai Lockdown

June 27, 2022
AftermathCCP VirusChinaChina Business & EconomyChina Human RightsChinese RegimeINSIDE CHINAlift of lockdownShanghaisocial controlSocial IssuesSpecial Topics
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Since Shanghai officially lifted the over two month long city wide lockdown on June 1, residents have summarized some of the consequences people are experiencing and are sharing on social media. Some say it will take a long time for the city to recover. Shanghai citizens are still not completely free from epidemic control measures….

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China’s May Export Surge Means Little for the Longer Term

June 27, 2022
Business & MarketsBusiness ColumnistsChinaChina Business & EconomyexportOpinionShanghaiThinking About China
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Commentary May was a great month for Chinese exports. According to the General Administration of Customs, this most recent month for which data are available saw a 12.7 percent rise over April in the value of China’s exports. The administration notes that if this pace holds up, it will overcome the weakness of earlier months…

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CCP Faces Backlash for Diplomat’s False Claim About a Brussels Protest

June 27, 2022
Asia & PacificBrusselsChinaChina Business & EconomyChinese RegimeEuropeEurope-China RelationsInternationalInternational RelationsNATOPakistanWorld
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A Chinese diplomat recently posted a false statement about a protest that recently occurred in Brussels, causing backlash from the  international community. This happened while the regime’s special envoy was visiting European countries to improve China-EU relations. On June 20, about 70,000 Belgian workers marched through Brussels demanding their government take action against the sharply rising…

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China ‘Ready to Work’ on Advancing Oil Exploration Negotiations With New Philippine Government: Officials

June 27, 2022
Asia & PacificChinaChina Business & EconomyInternational RelationsOilPhilippineWorld
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China is looking to revive negotiations on joint oil exploration with the “new Philippine government” amid the two nations’ ongoing issues over maritime differences regarding the disputed South China/West Philippine Sea, officials said on Thursday. In a press conference in Beijing on Thursday, Foreign Ministry spokesman Wang Wenbin said that “China stands ready to work in concert with the…

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G-7 Unveils $600 Billion Global Infrastructure Plan to Counter China’s ‘Debt Trap’

June 27, 2022
Belt and Road Initiative (BRI)Business & MarketsChinaChina Business & Economyeconomic policieseconomyExecutive BranchG7InternationalInternational RelationsPoliticspresident joe bidenThe United StatesUSUS NewsUS-China relationsWorld
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The Group of Seven (G-7) nations plan to raise $600 billion over the next five years for a global infrastructure program that will serve as a “positive alternative” to models that sell “debt traps.” G-7 leaders from the United States, Canada, Germany, Italy, Japan, and the European Union unveiled the Partnership for Global Infrastructure and…

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A Quarter of European Companies Plan to Leave China Over Strict ‘Zero-COVID’ Policy: Report

June 24, 2022
CCP VirusChinaChina Business & EconomyCOVID policyEuropean ChamberINSIDE CHINA
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A recent survey of European businesses shows nearly a quarter of companies are considering leaving China due to Beijing’s stringent COVID-19 measures. On June 20, the European Union Chamber of Commerce in China (European Chamber) released its “Business Confidence Survey 2022″ (BCS). The report showed a significant drop in European business confidence. In the news…

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Foreign Investors Flee as Chinese Markets Totter

June 24, 2022
Business & MarketsBusiness ColumnistsChinaChina Business & EconomyChinese bondsforeign investorsOpinionThinking About China
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Commentary Foreign investors continued to reduce their holdings of Chinese bonds in May for the fourth consecutive month. The divergent monetary policy between the United States and China, as well as a fundamental economic weakening, have driven foreign investors away from China in droves. And unlike Chinese selloff periods over the last decade-plus, foreign investors…

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Record Numbers of Chinese Graduates Enter Worst Job Market in Decades

June 24, 2022
Business & MarketsChinaChina Business & EconomyeconomygraduationjobJobs MarketLi KeqiangSocial Issuesunemployment
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BEIJING—Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews. But last month, the company told the students their contract offers were cancelled due to COVID-19 headwinds and the bad state of the economy in…

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The Latest US-Implemented Law Changes China’s Cotton Industry

June 23, 2022
ChinaChina Business & EconomyChina Human RightsChinese RegimeUFLPAUSUS NewsUS-China relationsXinjiangXinjiang Cotton
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The U.S. Uyghur Forced Labor Prevention Act (UFLPA) came into effect on June 21. This potentially far-reaching legislation prohibits imports that are made by forced labor in Xinjiang, China, which includes cotton products. About 90 percent of China’s cotton is produced in Xinjiang, and the region has almost no capacity to provide evidence that forced…

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