Business

Americans Have Billions Invested in Companies With Ties to Chinese Military

News Analysis President Donald Trump’s latest executive order bars U.S. investors from holding ownership stakes in a list of 31 Chinese companies designated to have ties with various Chinese Communist Party (CCP) military apparatuses. This order, while somewhat limited in scope, ensnares several well-known Chinese companies, including non-public companies such as Huawei and publicly traded

The Fallout From Ant Group’s Collapsed IPO

Commentary Ant Group, China’s shiniest fintech star, was all set to raise a record-setting $37 billion in an initial public offering—before everything disintegrated in a matter of days. Ant’s IPO blowup shocked all involved parties, except perhaps those within the highest echelons of the Chinese Communist Party (CCP). From the wreckage of Ant’s share sale, we can draw a

China’s Foreign Exchange Reserves Are Running Out

Commentary The CCP (Chinese Communist Party) has been vaunting about “self-reliance” since its relationship with the United States took a sharp turn for the worse. However, the Chinese economy relies heavily on imported goods including petrol, food, and semiconductor chips. With a dwindling exportation prospect, the CCP has to depend on its foreign exchange reserves

Wave of Factory Closures Hits Shenzhen

After Chinese leader Xi Jinping’s visit to Shenzhen two weeks ago, in which he emphasized the city as an engine to drive up the economy of the Guangdong-Hong Kong-Macau Greater Bay Area, locals have raised concerns to The Epoch Times that factories continue to move out or close down in the industrial zone. Some analysts say this

China’s Digital Currency Poses Security Risks the West Can’t Ignore

Commentary The regime in Beijing recently completed digital yuan testing in a seemingly innocuous manner. In the southern city of Shenzhen, the Chinese Communist Party (CCP) distributed 10 million digital yuan to 50,000 residents in the form of virtual “red envelopes,” a whimsical reference to gifts of money received on the Lunar New Year. While

The Global Supply Chain and the Consumer Boycott of China: Impact of COVID-19

Most books on the supply chain and globalization take the consumer for granted and ignore the fact that at the end of every supply chain is the customer. A new worldwide change in economics is occurring in response to the behaviour of the Chinese communist government in releasing and denying responsibility for the COVID-19 pandemic.

Ant Group Set for World’s Largest IPO Despite Material Risks to Investors

WASHINGTON—Ant Technology Group launches its initial public offering (IPO) with a record share sale this week amid concern over national security and the company’s involvement in human rights abuses. The company is set to raise about $34.5 billion in its dual public listing in Shanghai and Hong Kong. This would mark the biggest IPO of all time,

Controversy Surrounds China’s Ant Group Before Its Public Offering

WASHINGTON—Ant Technology Group, the parent company of China’s largest digital payment platform Alipay, is set to go public this year, even as the company’s ties to the Chinese Communist Party (CCP) could pose significant risks to U.S. investors. Controlled by billionaire Jack Ma, founder of Alibaba, the Chinese financial technology company is preparing for an initial public

Exclusive: Beijing Moves Out Excess Industrial Capacity to BRI Countries

Internal government documents obtained by The Epoch Times suggest that one of the main drivers behind China’s Belt and Road Initiative (BRI, also known as “One Belt, One Road”) is to get rid of the country’s excess industrial capacity by moving them out to participating BRI countries. Under the Banner of International Industrial Capacity Cooperation

Amid Trade War With US, Chinese Regime Tried to Find Ways to Offset Negative Impact: Internal Memo

Local governments in China were considering alternative markets for its exports as U.S.-China trade tensions escalated in 2018, according to internal government documents The Epoch Times has newly obtained. Authorities in northeast China’s Jilin Province identified countermeasures shortly after the U.S.-China trade war erupted in March 2018. According to a notice dated April 13, 2018,

Taiwan Blockchain Startup Accuses Mainland Chinese Firm of Plagiarizing Logo

Taiwan-based startup HollyGold has accused a mainland Chinese company of stealing its logo to create a copycat firm. The startup company deals with blockchain technology and its goal is to revolutionize the film and television industry with virtual currency, according to its website. HollyGold’s CEO, Dior Wu, claimed that his company’s logo and his own image were

Exclusive: China’s Belt and Road Encounters Setbacks in Pakistan

Government documents from Jilin Province of China obtained by The Epoch Times have revealed that the Chinese regime’s Belt and Road Initiative (BRI) projects in Pakistan have encountered setbacks since 2015. China’s Belt and Road Initiative (BRI), formerly known as the “One Belt, One Road,” is Chinese leader Xi Jinping’s signature grand foreign policy project. It aims to recreate

The European Central Bank Mistake: More Debt Is Not the Answer

Commentary In an opinion article published in the Frankfurter Allgemeine Zeitung, Isabel Schnabel, member of the executive board of the European Central Bank (ECB), states that governments taking more debt now should not be a concern, and that it would strengthen the central bank independence in the future. She claims that “the decisive fiscal policy intervention in the coronavirus

The CCP’s New Five-Year Economic Plan Is Destined to Fail

Commentary The Fifth Plenary Session of the Central Committee of the Chinese Communist Party will be held in late October. During this Session, the CCP has traditionally outlined its social and economic development through its Five-Year Plans. This year will mark its 14th Five-Year Plan. The following is my overall assessment and prediction of this

Wall Street, Central Bank Policy Pushing Investors to the Chinese Bond Market

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

export oriented jobs in China

Challenges Impeding China’s ‘Internal Circulation’ Economic Strategy

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.

China’s Largest Real Estate Developers Face Financing Crunch

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 5G Tech Won’t Save Economy, Regime’s Former Finance Minister Says

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

China Evergrande: A Canary in the Coal Mine?

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

Chinese Farmers Seek Help as Rice Crops Ruined by Flooding

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

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