Tag: China Business & Economy

UK Peers Propose Law Limiting Public Bodies’ Dependency on Chinese and Russian Imports

June 22, 2022
ChinaChina Business & EconomyEuropeEurope-China RelationsInternational RelationsRussiasupply chainUKWorld
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A cross-party group of peers has proposed a new law aimed at containing the dependency on Chinese imports in the British public bodies’ supply chain. It comes after the government quietly dropped “Project Defend,” a cross-department project put together during the early days of the CCP (Chinese Communist Party) virus pandemic to assess the UK’s supply chain…

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TikTok an ‘Invasive Tool’ for Beijing: Lawmakers Warn of Threat After Report Shows US Data Accessed in China

June 21, 2022
Asia & PacificBusiness & MarketsBytedanceChinaChina Business & EconomyChinese RegimeCompaniesInfiltrating the WestInternationalNational SecuritySocial MediaSpecial TopicsTechTech NewstechnologyTikTokUSUS NewsUS-China relationsWorld
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The hugely popular short-video app TikTok is but “another invasive tool” for Beijing’s espionage campaign on America, said U.S. lawmakers after news of leaked internal recordings allegedly showing the app’s private U.S. user data being repeatedly accessed in China. Between at least September 2021 and January, engineers in China had access to the app’s U.S….

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Beijing and Chinese Companies Seek to Control Africa’s Rich Lithium and Cobalt Mines

June 21, 2022
AfricaChinaChina Business & EconomycobaltlithiumManonoWorld
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The Chinese Communist Party (CCP) is stepping up its efforts to seize and control Africa’s natural resources. In particular, Chinese companies have accelerated their acquisition of lithium mines as lithium is an essential material used in the production of electric car batteries. A news release published in China’s The Paper last May indicated BYD Company,…

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Smart Coffee Makers Could Serve China’s Unrestricted Warfare: Expert

June 21, 2022
ChinaChina Business & EconomyChinese Communist PartyChinese Regimechristopher baldingInfiltrating the WestInternet of ThingsSpecial Topicstechnologyunrestricted hybrid warfare
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A recent report that shows China could spy on Americans via smart coffee makers is very concerning, since Beijing is waging what is known as unrestricted hybrid warfare, according to data security expert Rex Lee. Evidence that coffee makers manufactured by China-based firm Kalerm are insecure was uncovered by American researcher Christopher Balding. According to…

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China’s Theft of US Agriculture Tech Secrets is ‘Enormous’ National Security Threat: Analyst

June 21, 2022
agricultureAsia & PacificBelt and RoadChinaChina Business & EconomyChinese RegimefarmlandInfiltrating the WestNational SecurityseedSpecial TopicsUSUS FeaturesUS NewsUS-China relationsWorld
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Tiny as it is, a kernel of seed is no different than a mini biological computer. In it is all the genetic code, intellectual property containing billions of dollars of potential worth that, falling into the hands of an adversary, could give them control over the food production of a country and beyond. One unmistakable…

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China Power Demand Sets New Records as Heat Waves Bake Northern Cities

June 20, 2022
Business & MarketsChinaChina Business & EconomyeconomyheatwavePower consumption
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BEIJING—Power consumption surged in Chinese provinces north of the Yangtze river due to warmer-than-normal weather, with regions like Henan, China’s third-most populous province, being tested to meet record electricity demand. The maximum power demand load in Henan, which has a population of nearly 100 million people, set a new record of 65.34 million kilowatts on…

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Macau Shuts Most Businesses Amid COVID-19 Outbreak, Casinos Stay Open

June 20, 2022
Business & MarketsBusinesses in COVID-19CasinosCCP VirusChinaChina Business & EconomyCOVID-19economyINSIDE CHINAlockdownMacauoutbreakSpecial Topics
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HONG KONG—The world’s biggest gambling hub Macau began its second day of mass COVID-19 testing on Monday after dozens of locally transmitted cases were discovered over the weekend, with most businesses shut but casinos remaining open. The testing of Macau’s roughly 600,000 residents is expected to end on Tuesday as the Chinese-ruled former Portuguese colony…

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China May Oil Imports From Russia Soar to a Record, Surpass Top Supplier Saudi

June 20, 2022
Business & MarketsChinaChina Business & Economycommoditieseconomic policieseconomyEuropeMarketsOilRussiatradeWorld
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SINGAPORE—China’s crude oil imports from Russia soared 55 percent from a year earlier to a record level in May, displacing Saudi Arabia as the top supplier, as refiners cashed in on discounted supplies amid sanctions on Moscow over its invasion of Ukraine. Imports of Russian oil, including supplies pumped via the East Siberia Pacific Ocean…

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Biden Could Remove Some ‘Unnecessary’ China Tariffs Amid Soaring Inflation: Yellen

June 20, 2022
Business & MarketsChinaChina Business & Economyeconomic policieseconomyinflationSecretary of Treasury Janet YellenThe United StatesUSUS NewsUS President Joe BidenUS-China relations
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President Joe Biden is reviewing Washington’s tariff policy toward China, U.S. Treasury Secretary Janet Yellen said on Sunday, signaling the end of some Trump-era tariffs amid record-high inflation. “We all recognize that China engages in a range of unfair trade practices that it’s important to address. But the tariffs we inherited, some serve no strategic…

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China’s Zero-COVID Policy Driving Foreign Investors to Other Countries: Attorney

June 19, 2022
ChinaChina Business & EconomyFinance & Business TiesSpecial Topicszero-COVID
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The Chinese regime’s stringent zero-tolerance policy toward COVID-19 has scared foreign investors away from China, according to international law attorney Dan Harris. “The way China handled COVID-19 scared the heck out of a lot of people,” Harris, founder of law firm Harris Bricken and co-editor of China Law Blog, recently said in an interview with…

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