China’s export growth slowed in the January-February period but was propped up a high trade volume with Russia amid the unfolding Ukraine crisis, official data showed on March 7. The country’s output rose 16.3 percent in January and February from a year earlier, beating analysts’ expectations for a 15.0 percent raise, China Customs said on…
China, Russia Trade Surges Amid Ukraine War
TSMC Will Follow Export Control Rules on Russia
Chipmaker Taiwan Semiconductor Manufacturing Co. Ltd. expressed its commitment to Taiwan’s new export control rules, Reuters reports. Taiwan’s government said it would join international sanctions on Russia. “The company also has a rigorous export control system in place, including a robust assessment and review process to ensure export control restrictions are followed.” Taiwan has joined Japan and…
China’s Politically Needed Zero-COVID Policy Drags on the Global Economic Recovery
The harsh zero-tolerance policy designed by the ruling Chinese Communist regime to eradicate the COVID-19 outbreak seems to have made China a burden, dragging down the economic recovery of the world. Tang Jingyuan, a current affairs commentator with many years of clinical medical experience, told the Chinese edition of The Epoch Times that the Chinese…
China–US–Russia Battle Over Fighter Jets: Expert Weighs In; US Embassy May Evacuate Due to Virus
The U.S. embassy in Beijing could be evacuating as the virus surges in the city. Concerns over Beijing locking down have U.S. personnel worried, but the Chinese state media calls it a “plot” by the United States. I spoke with a senior aviation analyst about the arms war and exports—the Russia-U.S.-China export of their fifth…
World Stocks Mixed After China Rate Cuts, Japan Export Gain
BEIJING—Global stocks were mixed Thursday after China cut interest rates and President Joe Biden said “we’re not there yet” on lowering punitive tariffs on Chinese goods. London and Tokyo gained while Shanghai and Frankfurt declined. Wall Street futures were higher after the benchmark S&P 500 index lost 1 percent on Wednesday. The Chinese central bank…
Ottawa Announces $28 Million to Help PEI Potato Growers Cope With Export Ban
CHARLOTTETOWN—The federal government will spend $28 million to help Prince Edward Island farmers deal with a growing surplus of potatoes as an almost month-long export ban to the United States continues. Agriculture Minister Marie-Claude Bibeau told a news conference on Monday the funding will be used to create more potato processing capacity in Canada and…
Argentina Activists Protest China Pork Export Deal
Animal rights activists protested Wednesday in Buenos Aires against a possible agreement with China to install mega pig farms in the country. Dozens of activists wearing paper bags with pigs drawn on their heads rallied in front of the Chinese embassy shouting slogans against animal abuse. The treaty negotiation between the two countries considers more…
GOP Senators Urge Tightening of Export Controls To Counteract ‘China’s Economic Predation’
Sen. Tom Cotton (R-Ark.) led a group of 10 Republican senators in calling on the Biden administration to act more quickly to finalize a list of “emerging and foundational technologies” that are key to national security and would be subject to stricter export controls as a guardrail against their acquisition and misuse by China for…
Honeywell Fined $13 Million For Exporting Sensitive Information to Countries Including China
Honeywell was fined $13 million for allegedly exporting sensitive data to several countries including China, without obtaining proper authorization, the Department of State announced on Monday. The State Department‘s spokesperson said in a statement that it concluded a settlement with Honeywell International to resolve alleged violations of export rules when the company exported and retransferred technical information…
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