Newly released bank records show that payments were made to President Joe Biden’s son from a Chinese Communist Party-linked company. Sens. Chuck Grassley (R-Iowa) and Ron Johnson (R-Wis.) presented the records on the Senate floor on March 28 and March 29. One showed a wire payment of $100,000 to Owasco, one of Hunter Biden’s firms, from CEFC China…
Senators Release Bank Records Showing Payments to Hunter Biden From China
March 30, 2022
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Ukraine War Fallout Could Trigger a Significant Shift Away From China, Analyst Says
March 26, 2022
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Business & EconomyChinaChina Business & Economyeconomic policiesEuropeFinance & Business Tieshuman rightsInternationalInternational RelationsInvestmentRussiaRussia-Ukraine WarSpecial TopicsUkraineUS-China relationsWorld
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The globe could begin to see a “significant shift away from China” as the world reevaluates its business ties with the regime in the aftermath of the Russia-Ukraine war, according to economic analyst Christopher Balding. Balding—a senior fellow at the Henry Jackson Society, a UK trans-Atlantic foreign policy think tank, who specializes in Chinese economy…
China Sees ‘Unprecedented’ Cash Outflows After Russian Attack on Ukraine: IIF
March 25, 2022
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High-frequency data detected unprecedented cash flows out of China following Russia’s invasion of Ukraine, flagging a decreased confidence of investors amid geopolitical conflict and uncertainty. A “very unusual” shift emerged to global capital flows in emerging markets in late February, as China saw investors pull out of from its market while the rest holds up,…
Beijing Tells Chinese Business People to Fill Void in Russian Market Amid Ukraine Crisis
March 23, 2022
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China’s Ambassador to Russia called on Chinese business people in Moscow to grow their enterprises by leveraging the Ukraine crisis. It came as severe international sanctions have crippled Russia’s economy in the wake of the invasion. Ambassador Zhang Hanhui urged Chinese businessmen in Moscow to make good use of the current Russia-Ukraine war as he…
China Implicated in Iran’s Global Money Laundering
March 22, 2022
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News Analysis China is implicated in Iran’s international money laundering system, according to a new report by The Wall Street Journal. The Journal “reviewed financial transactions for scores of Iranian proxy companies in 61 accounts at 28 foreign banks in China, Hong Kong, Singapore, Turkey and the United Arab Emirates totaling several hundred million dollars,”…
Fallout From London Nickel Trading Fiasco Will Be Extensive, Expert Says
March 22, 2022
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The London Metal Exchange’s (LME) extraordinary decision on March 8 to halt nickel trading after a short squeeze triggered by a Chinese metal tycoon’s large short position sent commodity prices skyrocketing to more than $100,000 a ton will have far-reaching ramifications for Chinese firms in global markets That’s according to Christopher Balding, an economist and analyst…
Live Cockroach in Drink Allegation Adds to Starbucks’ China Woes
March 21, 2022
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Asia & PacificChinaChina Business & EconomyFinance & Business TiesRui ChenggangSpecial TopicsStarbucksUS-China relationsWorldXi Jinping
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A Starbucks coffeehouse in the southern city of Shenzhen was accused of having a live cockroach in one of its takeaway drinks on March 12, adding another public relations challenge for the U.S. coffee chain giant in China this year. The alleged-cockroach find pushed Starbucks to the top of the search list on Weibo, China’s leading social media…
‘Stop Using Blood Money’: Ukrainian Vice PM Calls on China’s UnionPay to Cut Services in Russia
March 13, 2022
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Ukraine’s Vice Prime Minister Mykhailo Fedorov has urged China’s state-owned UnionPay to align with global sanctions and cut ties with Russia. “Russian money is bloody! It helps Russian missiles attack dwelling houses, kindergartens, and hospitals in Ukraine, and kill civilians!” Fedorov posted in Chinese on Twitter on March 12, calling on UnionPay International (UPI), a…
TikTok’s Withdrawal From Russia Is More About Pleasing Western Market: Expert
March 10, 2022
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A recent pause of TikTok’s services in Russia is more to please the West rather than driven by safety concerns for its users, China experts have flagged. Chinese-owned TikTok said on March 6 that it would suspend live-streaming and the uploading of videos to its platform in Russia, fearing that the Kremlin will criminalize it…
China Exports Expand in Early 2022 as Trade With Russia Surges to High
March 7, 2022
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China’s exports grew at the beginning of 2022, propped up by record-high trade volume with Russia amid the unfolding Ukraine crisis, official data showed on March 7. The 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 Monday. Its bilateral…
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