Senate Republicans are introducing legislation that would ban TikTok and a number of other social media companies controlled by China from operating in the United States. Sens. Marco Rubio (R-Fla.) and Mike Gallagher (R-Wis.) announced the legislation in an op-ed in The Washington Post on Nov. 10, in which they called the Chinese social media app a “major threat…
GOP Lawmakers Call for TikTok Ban Over Fears App Could ‘Fan the Flames of Domestic Division’
November 11, 2022
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Germany Prohibits Chinese Takeover of 2 Semiconductor Chipmakers, Citing Security Concerns
November 10, 2022
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Germany’s government on Wednesday blocked the sale of two of its semiconductor factories to Chinese-owned companies, citing security concerns. “We have prohibited a non-Union investor from entering into business ventures in Germany,” the country’s economy minister Robert Habeck told reporters in front of the German chancellor’s office on Wednesday. He added that the decision came because…
Biden Extends Trump-Era National Emergency, Investment Bans on Chinese Military-Linked Companies
November 9, 2022
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President Joe Biden is extending a Trump-era national emergency this week, which prohibits U.S. companies or individuals from investing in companies linked to China’s military. Then-President Donald Trump issued Executive Order 13959 in November 2020, citing threats to national security. The order declared a national emergency in order to allow for a halt to investments…
China’s Market Environment Deteriorates as Foreign Investment Confidence Drops to New Low
November 9, 2022
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China’s business outlook has dropped to a historic low while revenue forecasts reached the lowest in a decade, according to hundreds of American businesses operating in the country. An annual business report released by the American Chamber of Commerce in Shanghai (AmCham Shanghai) on Oct. 28 showed that only 55 percent of the companies surveyed…
Huawei Lobbyist Gives Thousands to Democrats’ Midterm Campaigns
November 3, 2022
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A lobbyist for a Chinese company deemed a national security threat has donated thousands of dollars to at least eight Democratic congressional campaigns. Thomas Green, senior counsel at multinational law firm Sidley Austin and top lobbyist for Chinese telecom giant Huawei, personally contributed more than $10,000 across eight Democratic campaigns in the last month, according…
Using Night-Time Light Data Researcher Finds Chinese GDP Is Exaggerated by About 35%
November 2, 2022
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The Chinese Communist Party (CCP) has been known to alter its economic data. A study published in October used night-time light to determine that China, as well as other autocracies, overstate their gross domestic product (GDP) growth rates. The U.S. study gathered night-time light (NTL) data from satellites and used that to measure the exaggeration…
Using Night-Time Light Data Researcher Finds Chinese GDP Is Exaggerated by About 35 Percent
November 2, 2022
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autocraciesChinaChina Business & EconomyChinese RegimeFinance & Business TiesGDPNight-time lights (NTL)Special Topics
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The Chinese Communist Party (CCP) has been known to alter its economic data. A study published in October used night-time light to determine that China, as well as other autocracies, overstate their gross domestic product (GDP) growth rates. The U.S. study gathered night-time light (NTL) data from satellites and used that to measure the exaggeration…
Stellantis Joint Venture in China Filing for Bankruptcy Due to Plunging Vehicle Sales, Company Says
October 31, 2022
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European carmaker Stellantis has announced that its joint venture (JV) in China is filing for bankruptcy following poor vehicle sales over the years. The JV, which sold the Jeep Cherokee SUV and the Jeep Compass crossover SUV in China, saw sales decline significantly during the past year. In 2021, sales crashed by 50 percent to…
China, Hong Kong Stocks Rebound But Analyst Says Government Intervention Will Only Have Short-Term Effect
October 30, 2022
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China’s stock market rebounded on the afternoon of Oct. 25, with its A-share index continuing the upward trend on Oct. 26 after plunging on Oct. 24. However, a financial analyst believes that the stock market recovery is a result of government intervention to appease investors, which will only have a short-term effect. China’s A-share stock…
Gov. Whitmer Defends Offering $715 Million to CCP-Linked Company
October 28, 2022
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The governor of Michigan did not contest an accusation by her challenger that she cemented business ties with the Chinese Communist Party (CCP) as part of her effort to develop Michigan’s economy and defended the move as an effort to increase economic development. The exchange between Democratic Gov. Gretchen Whitmer and Republican challenger Tudor Dixon…
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