Tag: China Business & Economy

China’s Youth Unemployment Rate Hits Record-High, While College Grads are Record Breaking 10 Million in 2022

June 2, 2022
Asia & PacificChinaChina Business & EconomyChinese Regimecollege graduatesShandongSocial Issuesunemployment rateWorld
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China recently reported its highest youth unemployment rate to date. However, the number of college graduates is also reaching a record high this year. These elements, coupled with an economic decline caused by the communist regime’s COVID-19 lockdowns, are making the unemployment issue especially acute. According to data published by the authorities in mid-May, the…

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Comic Artist Details ‘Hijacking Broadcast’ in China; 100,000 People Meeting to Rescue Economy in China

June 2, 2022
305ChinaChina Business & EconomyChina InsiderChinese economyChinese RegimeComicDaxiongEpochTVEternal SpringFalun Gonghijackjustice leagueLi Keqiangpersecutionreligionreligious freedomSpecial TopicsStar WarsThreat from Communist ChinaUS-China relationsXi Jinping
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China’s second in command talks with 100,000 people over the failing economy. Is he splitting from Xi Jinping or simply doing his part? We analyze why COVID-19 is causing a diverging opinion among top leadership inside the Communist Party. I speak with comic artist Daxiong, who escaped China after the Chinese Communist Party began a…

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China’s Foreign Exchange Reserves Fell for 4 Consecutive Months, With Record Decline in April

June 2, 2022
Asia & PacificBusiness & EconomyChinaChina Business & Economychina exportsCOVID-19 lockdownseconomypandemic control measureWorld
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In the first four months of this year, China’s foreign exchange reserves continued to decline by more than $100 billion. The decline in April was the biggest drop since November 2016 nearly five and a half years ago. According to the China Administration of Foreign Exchange, from the end of December last year to the…

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Australian Casino Fined $80 Million for Illegal Chinese Money Transfers

May 31, 2022
AustraliaBusiness & EconomyChinaChina Business & EconomyCompaniesCrown MelbourneVictoria's Gambling and Casino Control CommissionWorld
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Victoria’s Gambling and Casino Control Commission (VGCCC) has fined Crown Melbourne $80 million (US$57.5 million) for organising a scheme that enabled illegal money transfers from China. The fine was imposed after the VGCCC’s investigation revealed that Crown casino set up a process to circumvent Chinese currency restrictions and allow funds to be transferred out of…

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World’s Top Economies Face Contraction Amid Uncertainties

May 30, 2022
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COVID-19 restrictions, global supply chain disruptions, and the impact of the Russia-Ukraine war on energy, food, and metals prices have resulted in the shrinkage of the world’s top two economies—the United States and China. U.S. inflation remains at a 40-year high, with April’s consumer price index jumping 8.3 percent from 12 months earlier, according to…

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Beijing Vows ‘Greater Effort’ to Lock In Sweeping Regional Deal

May 30, 2022
Asia & PacificAustraliaChinaChina Business & EconomyChina-Australia RelationsInternationalInternational RelationsPalauSolomon IslandsSouth PacificWang YiWorld
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Beijing will continue to push Pacific nations to sign onto a sweeping regional security, and economy deal after a May 30 conference saw the Chinese regime’s original proposal fall flat. According to the Chinese state-owned Xinhua, Wang Yi, the regime’s foreign minister, said Beijing would continue to “make greater efforts to advance the comprehensive strategic…

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Arbitrary Fines Have Troubled Low-Speed E-Vehicle Drivers in China for Years

May 30, 2022
ChinaChina Business & Economye-bikeElectric VehiclesSocial Issues
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China, a nation of bike riders, is now becoming a nation of e-bike and low-speed electric vehicle (LSEV) drivers. Since these light e-vehicles became a popular form of transportation, many owners complain they are given indiscriminate fines by the authorities. Starting in March, various Chinese media reported that many local governments started a so-called special…

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Chinese-Linked Casinos in Pacific Islands Are Vehicles for Corruption, Expanding CCP Influence: Analysts

May 30, 2022
CasinoCCPChinaChina Business & EconomycorruptioncrimeGlobal ExpansioninfluenceInternational RelationsPacific IslandsPalauSolomon IslandsSpecial Topicstriad
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A Fijian court handed down a sentence and ordered a Chinese casino developer to pay $650,000 on April 28 for causing substantial damage to the environment while undertaking unauthorized development on Malolo Island in Fiji’s west. The case also highlighted the marathon struggle of Australian surfers Navrin Fox and Woody Jack who held a stake…

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US’s China-Tariff Review Likely to Take Months, Aide Says

May 29, 2022
Business & EconomyChinaChina Business & Economyeconomic policieseconomytariffUSUS NewsUS-China relations
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By Eric Martin From Bloomberg News The United States’ review of tariffs on more than $300 billion in Chinese imports that’s required as the duties reach their four-year anniversary will likely take months, a top trade official said. At the same time, that won’t prevent the Biden administration from taking other steps such as exclusions…

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US Extends Tariff Exclusions on Chinese COVID-19 Medical Products

May 29, 2022
ChinaChina Business & EconomyChinese-mademedical productstariffUSUS NewsUS-China relations
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WASHINGTON—The U.S. Trade Representative’s (USTR) office on Friday said it extended tariff exclusions on Chinese-made medical products needed to address the COVID-19 pandemic for another six months, to Nov. 30. The exclusions from tariffs of up to 25 percent imposed by former President Donald Trump’s administration were granted in 2020 and were subsequently extended, but…

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