Tag: China Business & Economy

Using Chinese Surveillance Companies Akin to Handling ‘Digital Asbestos,’ UK Government Adviser Warns

Allowing Chinese surveillance companies to operate in the UK is akin to installing “digital asbestos” that puts civil liberties at risk, warned the government’s Biometrics and Surveillance Camera Commissioner, Fraser Sampson, who is reviewing the country’s human rights and security issues. Sampson said on Tuesday that allowing China’s controversial CCTV makers and operators Hikvision and Dahua to…


Economic Effects of Foreign Companies Exiting China Can’t Be Ignored, Expert Says

Shanghai’s strict COVID lockdown has worsened China’s ability to attract foreign investors, a Chinese investment expert has said. Huang Feng, president of the Shanghai Association for Foreign Investment, told a video conference that the effect of the Shanghai lockdown has created the direst foreign investment situation that he has seen in 30 years. Shanghai, China’s…


Australian PM Calls on Beijing to Stop Economic Coercion Before Bilateral Ties Can Resume

New Australian Prime Minister Anthony Albanese has called on Beijing to drop its coercive trade restrictions before considering a reset of bilateral ties. “It is China that has imposed sanctions on Australia,” Albanese told reporters on June 13. “They need to remove those sanctions in order to improve relations between Australia and China.” The prime…


Beijing Told to Stop Economic Coercion Before Bilateral Ties With Australia Can Resume

New Australian Prime Minister Anthony Albanese has called on Beijing to drop its coercive trade restrictions before considering a reset of bilateral ties. “It is China that has imposed sanctions on Australia,” Albanese told reporters on June 13. “They need to remove those sanctions in order to improve relations between Australia and China.” The prime…


BlackRock and ESG Controlling America but Benefiting China—With Will Hild

How does Blackrock utilize the environmental, social, and governance (ESG) score system to control domestic policies, while benefiting from their special treatment in China? And does the United States suffer while China benefits from this vampiric relationship? We discuss this with Will Hild from Consumers’ Research. I then discuss the just-concluded Shangri-La security summit, where…


Panel Warns of ‘Chinese Subversion’ of US Economy

Speakers including Rep. Darin LaHood (R-Ill.), a member of the House Permanent Select Committee on Intelligence, discussed potential costs and benefits of decoupling from China at a June 14 American Enterprise Institute (AEI) forum dedicated to countering “Chinese subversion.” “China has a plan to replace us—but we are tied to them economically,” said LaHood, who…


Victim of Pandemic, Hong Kong Floating Restaurant Towed Away

The massive floating restaurant designed like a Chinese imperial palace on Aberdeen Harbor was known for its Cantonese cuisine and seafood dishes. It received over 30 million guests since its establishment in 1976. But Jumbo Floating Restaurant was forced to close in 2020 due to the pandemic, and all staff were laid off. Parent company…


CCP Reaffirms Zero-COVID Policy Amid Growing Opposition and Economic Slump

Chinese leader Xi Jinping has reaffirmed the ruling communist party’s strict “zero-COVID” pandemic control policy in a recent speech. Meanwhile, the regime has put out a new regulation trying to save China’s economy under the policy. According to a report by China’s state media Xinhua, Xi said that officials must “do a good job in coordinating…


Russia and China Open Cross-Border Bridge as Ties Deepen

Russia and China opened a new cross-border bridge in the far east on Friday which they hope will further boost trade as Moscow reels from sweeping Western sanctions imposed over its actions in Ukraine. The bridge linking the Russian city of Blagoveshchensk to the Chinese city of Heihe across the Amur river—known in China as…


China Still Far from Iron Ore Self-Sufficiency, Despite Years of Exploration

As the world’s largest consumer of iron ore, China has long relied on imports as the country’s iron ore resources cannot meet its domestic demand. According to public data from the U.S. Geological Survey, as of 2021, China’s uncovered iron ore resources, including raw and iron-bearing ore, are about 26.9 billion tons, accounting for 10…