Business

Economy 06/17/22, 00:39

As China's economy grows, the country creates a lot of self-made billionaires. However, many billionaires cannot maintain the wealth they have fought so hard to get. According to Forbes, Colin Huang, the founder of Pinduoduo Inc, a Chinese e-commerce platform, has lost more money than anyone else in the world in ...

In-depth Reports 06/15/22, 03:37

China's economy is at a critical moment, with various threats from outside and inside. The communist regime struggles to rescue the economy, but are their measures effective? In this analysis, we will dig down to the root cause of China's economic perils and evaluate the possibility of a political collapse ...

China 06/15/22, 03:36

According to Reuters, a bipartisan group of lawmakers announced Monday that they have reached a proposal that would give the U.S. government powers to block U.S. investment in China. The House Foreign Affairs Committee lawmakers stated that they have discussed with related parties "on developing a robust, targeted outbound investment mechanism ...

China 06/12/22, 22:15

A Chinese company was detected purchasing a large amount of gold in a short period of time. It said it uses gold for production. But the products it sold did not contain gold. That company is Sichuan Guojinbao Industrial Co., Ltd, based in Mianyang City, Sichuan Province. Its owner bought a ...

Russia 06/12/22, 02:06

According to statista.com, China is the world's largest electricity producer so far, with nearly 7.8 trillion  kilowatt-hours generated in 2020.  However, due to the economy's rapid growth, the amount of electricity available is insufficient to fulfill manufacturing demands. The electricity consumption in China was about 8.31 trillion kilowatt-hours in 2021, a year-on-year ...

News 06/11/22, 18:06

'Where is 83.5 billion yuan?' people raised their concerns as Shanghai asked for Covid-19 donations. The successive blockades and nucleic acid testing have hit the Chinese economy hard. It also made it difficult for all levels of China's local authorities to provide financial support. Chinese-language media NTDTV reported that the Shanghai authorities ...

News 06/10/22, 18:53

Since June 1, Zhengzhou City in Henan Province has been conducting nucleic acid testing normalization. Testing booths are installed everywhere to ensure nucleic acid samples are collected from every 15-minute sampling circle. After only one day of mass testing, the test chambers revealed several design faults. The test chambers are poorly designed, ...

In-depth Reports 06/08/22, 19:19

In recent years, several large U.S. companies have left China in search of better conditions. Prolonged shutdowns due to Covid-19, cost increases, intense regulatory repression, strict controls by the Chinese Communist Party (CCP), and imposed laws limiting data sharing and on the privacy of customers on the networks, are some ...

Economy 06/07/22, 08:43

The Chinese government has recently introduced financial policies to support small and micro-sized enterprises battered by the recent Covid outbreak. However, these companies are complaining that they still cannot access loans. Mr. Lin is a business owner operating a restaurant in Guangxi province. In an interview via a phone call with U.S.-based ...

Tech 06/06/22, 06:17

$600 billion, do you have any idea of what one could do with that huge amount of money? In May 2022, Ukrainian President Zelensky estimated that it would take roughly $600 billion to rebuild his country from the pile of debris left after the war, reported The Wall Street Journal. ...

Human Rights 06/03/22, 00:53

Small business owners are complaining as strict Covid measures in Beijing make them struggle to make a living.  Beijing authorities recently banned the so-called "seven small places" from opening. This measure affects small restaurants, Internet cafes, hotels, public bathing, dance halls, barbershops, and convenience stores.  In an interview with Radio Free Asia, a ...

In-depth Reports 05/27/22, 22:00

Since the administration of the leader of the Chinese regime, Xi Jinping, began the Belt and Road Initiative (BRI) project around the world, at least 40 African countries have pinned their hopes for development on it. However, after several years of interaction, the results have not been as expected, and, consequently, ...

China 05/26/22, 01:40

President Biden said on Monday, May 23, he would discuss China tariffs with Treasury Secretary Janet Yellen on his return to the US. He also mentioned the tariffs weren’t imposed by him, but rather inherited from his predecessor. On May 18, U.S. Treasury Secretary Janet Yellen signaled that she supported certain ...

Economy 05/26/22, 01:07

According to the Korean Times, South Korea’s retail giant, Lotte, officially pulled its business out of China altogether and focused on the Southeast Asia market, including Indonesia and Vietnam. On Sunday, May 22, Lotte announced that it would close its headquarters office in China in the first half of this year. ...

Opinion 05/24/22, 23:50

At least half of the more than 40,000 Chinese restaurants in the U.S. will have to declare bankruptcy if they continue to suffer from a reduced business. That is the warning of Chen Shanzhuang, general counsel of the U.S.-China Restaurant Alliance. Banquet-type Chinese restaurant business is miserable Chen had an interview with U.S.-based ...

In-depth Reports 05/24/22, 23:22

According to a study by the Center for Strategic and International Studies (CSIS) released on Monday, May 23rd, China spends vast funds on industrial support to compete with the West. The study finds that China is spending enormously on industrial policy, and the number is estimated conservatively to be at least ...