Commentary The Trump Administration has been curbing market access for certain Chinese companies associated with the Chinese Communist Party regime. Despite escalating tensions between Beijing and Washington, the United States and other foreign investors are providing funds to amplify China’s growth and its apparent economic rebound since the depths of the CCP virus pandemic. While
The Chinese Communist Party (CCP) will lay down the outline of the 14th five-year plan, which covers China’s guiding economic and political strategies for 2021 to 2025, by the end of October. Analysts say that Chinese President Xi Jinping’s ‘internal circulation’-centric economic strategy may be fixed as a key policy for the next five years.
A new study on China’s real estate market reported by state media paints a bleak picture: 76 of the biggest real estate developers need to repay 2,500 trillion yuan ($367 trillion) in the next 12 months, including 177 trillion yuan ($25.69 trillion) in interest. Such enormous debt has prompted real estate firms to refinance. A
China’s former finance minister Lou Jiwei warned in a recent speech that China’s “immature” 5G technology is likely to become a failed investment. In recent weeks, Chinese leader Xi Jinping has emphasized the need for the country’s economy to develop an “internal circulation system—in other words, having domestic sectors produce all the goods for Chinese
News Analysis China Evergrande, mainland China’s largest property developer by sales volume, has been under pressure lately from investors dumping its stocks and bonds on fears that the company—a bellwether for China’s real estate sector—is in dire financial straits. The developer is highly indebted, and its ongoing troubles could signal upcoming pain for other highly levered Chinese
After severe flooding in central and southern China ruined rice crops, many farmers have been left struggling. Following heavy rainfall in the past half-month, some rice crops began to sprout, meaning they can no longer be harvested. More rain is expected in central, southern, and southwestern China for the next couple of days, with some
Commentary On Sept. 15, the General Office of the Chinese Communist Party’s Central Committee issued a set of guidelines “for strengthening the United Front Work in the private sector.” The Chinese Communist Party (CCP) rarely publishes documents about its United Front Work that involves private enterprises in China. This rare incident exposes the real situation
By Simin Chen Commentary With China lagging behind in semiconductor manufacturing capabilities, local governments have stepped up chip production under Chinese leader Xi Jinping’s ambitious industrial policy “Made in China 2025.” Chip manufacturers across the country suddenly boomed. However, industry scandals and bad news have occurred one after another. Fabs have been reportedly sprung up
Amid a crippling trade war with the United States, declining demand, and supply chain disruptions due to the COVID-19 pandemic, foreign companies are leaving China in droves. South Korean companies, Japanese companies, Taiwanese companies, and American companies such as Microsoft, Google, and Apple are all moving their production out of China. The Epoch Times received a set of internal
WASHINGTON—TikTok, a video-sharing mobile application, reportedly accepted a bid from Oracle for its U.S. business, rejecting the other contender Microsoft. President Donald Trump earlier set a mid-September deadline for TikTok’s parent company ByteDance to sell the app’s American operations. Microsoft Corp. on Sept. 13 confirmed in a statement that its bid was rejected. “ByteDance let us know
Jiang Pengyong, a Chinese senior official’s grandson, is going public with his story of participating in a scheme to purchase personal protective equipment from foreign countries and selling them to the Chinese regime. Jiang initially agreed to the scheme because he thought he was contributing to the nation’s epidemic crisis. Jiang procured the medical supplies
Commentary Amid drastic international and domestic changes, the Chinese Communist Party (CCP) recently claimed to have made a major strategic deployment—accelerating the formation of a “dual circulation” economic model that centers on “internal circulation” and having “international circulation” play a supporting role. What is this so-called international economic circulation and what does the CCP plan
Japan, India, and Australia are planning a new global supply network and are working out an initiative called the Supply Chain Resilience Initiative (SCRI) to reduce dependency on China, experts say. The initiative is a result of the emerging geopolitics in the post-coronavirus world, they say. “This cooperation is well-related to current U.S. policy toward
The price of oil plunged by over 1.5 percent and gasoline futures similarly dipped lower intraday on Sept. 7, as Saudi Arabia slashed prices of Asian crude supply and lackluster economic recovery in China clouds expectations for a pickup in demand. Brent crude was trading at $41.91 a barrel, down 75 cents or 1.8 percent, by 1:50
News Analysis U.S. technology stocks suffered the biggest two-day loss since March on Sept. 3 and 4. Leading the way downward were U.S. chipmakers which underperformed the broader sector following news that China is planning policy changes to boost its domestic semiconductor industry. The stock drop suggests trepidation from investors. But despite Beijing’s will to
st Party has a long history of retaliating against other country’s decisions that involve what it deems as threats to its power. The regime’s response to a U.S.–Taiwan deal would be “all about Beijing’s decision matrix,” said David Stilwell, assistant secretary of state for East Asia and Pacific affairs. “But, our job is to obviously
Commentary In April of this year, the Chinese regime announced that it would launch a digital currency pilot program. In early August, China’s four major banks—Bank of China, China Construction Bank, Industrial and Commercial Bank of China, and Agricultural Bank of China—expanded digital currency testing in first-tier cities, such as Shenzhen. By mid-August, the Chinese
Multi-level marketing giant Herbalife Nutrition Ltd. has agreed to $123 million to settle federal charges that it bribed Chinese officials to advance its business in China, the U.S. Department of Justice said on Aug. 28. Herbalife, a Los Angeles-based multi-level marketing company that sells health and dietary supplements, admitted to engaging in a decade-long scheme
Commentary Misguided lockdowns have destroyed the global economy, and the impact is likely to last for years. The fallacy of the “lives or the economy” argument is evident now that we see that countries such as Taiwan, South Korea, Austria, Sweden, or Holland have been able to preserve the business fabric and the economy while doing a much
News Analysis The controversial national security law Beijing imposed on Hong Kong last month has been a boon for Chinese investment banks looking to take market share in the territory. Hong Kong has traditionally been the place for mainland Chinese companies to raise debt and equity funding from foreign investors. And in this setting, Wall
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