President Joe Biden has hailed the joint global sustainable steel arrangement between the United States and European Union that would ease some tariffs on steel and aluminum and curb “dirty” Chinese steel imports, calling it a “new era of trans-Atlantic cooperation.” In a joint address at an Oct. 31 press conference in Rome with European Commission President Ursula von der…
Biden Hails US–EU Arrangement That Will Curb ‘Dirty’ Chinese Steel Imports
November 1, 2021
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Economist Explains Why China’s Economic Figures Cannot be Trusted
October 28, 2021
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In China, there are two “different sets of books” depicting the state of the country’s economy. One set conforms to the official line promulgated by the ruling Communist Party, but consists of fake data. This version is made public. The other set, meanwhile, contains the real data. But this set can only be accessed by…
With Censorship and Nationalism, Beijing Puts International Investors in Tight Spot
October 25, 2021
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News Analysis International investors will find investing in China harder given the censorship of respected business news, and the state-fueled rise of communist nationalism. Beijing is imposing new pressure on Caixin Media, one of China’s most respected business news sources. On Oct. 21, China’s internet watchdog deleted Caixin from its list of 1,358 approved sources….
China’s Third-Quarter Economic Growth Slows to 4.9 Percent Amid Power Crunch, Property Woes
China’s economy recorded slower-than-expected growth in the third quarter as the country grapples with a worsening energy crisis and property woes. The latest data released by China’s National Bureau of Statistics (NBS) on Oct. 18 showed the year-on-year gross domestic product (GDP) growth in the third quarter hit a year low at 4.9 percent, slowing…
China’s 3rd-Quarter Economic Growth Slows to 4.9 Percent Amid Power Crunch, Property Woes
October 18, 2021
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China’s economy recorded slower-than-expected growth in the third quarter as the country grapples with a worsening energy crisis and property woes. The latest data released by China’s National Bureau of Statistics (NBS) on Oct. 18 showed the year-on-year gross domestic product (GDP) growth in the third quarter hit a year low at 4.9 percent, slowing…
NatSec Expert: ‘We No Longer Need to Censor Ourselves’ About Chinese Communist Party
October 16, 2021
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In a discussion that Hudson Institute senior fellow Arthur Herman described as “particularly chilling,” experts with Hudson’s Hamilton Commission on Securing America’s National Security Innovation Base spoke Oct. 14 on the threat of Chinese economic coercion to the supply chains for defense-critical advanced batteries. One of three talks at Hudson’s “Powering Innovation: Advanced Batteries and…
Bipartisan Duo Introduce Bill to ‘Counter China Economic Coercion’
October 15, 2021
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In a rare show of bipartisanship highlighting increasing awareness of the dangers China poses to U.S. national security, a Republican and a Democrat in the House of Representatives are teaming up to introduce a bill to counter coercive economic practices by the largest remaining communist state. The bill, titled the “Countering China Economic Coercion Act,”…
IMF Board Seeks More Details on Claims Against Georgieva: Statement
October 9, 2021
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WASHINGTON—The International Monetary Fund’s executive board adjourned without a decision about the future of Managing Director Kristalina Georgieva on Friday and said it would seek more information about claims that she pressured World Bank staff to alter data to benefit China in her previous role. The IMF said the board had made “significant progress,” but…
SEC Chief Says the US Won’t Follow China in Banning Cryptocurrencies
October 6, 2021
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Securities and Exchange Commission (SEC) Chair Gary Gensler told Congress on Tuesday that his agency would not follow China’s lead in implementing a ban on cryptocurrencies. Speaking before the United States House of Representatives Committee on Financial Services, Gensler was asked by Rep. Ted Budd (R-N.C.), a supporter of cryptocurrencies, whether the SEC would move to prohibit the…
The Curse of Jealousy: China Watchers Can Learn From History
October 5, 2021
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Commentary On Sept. 26, 2021, the current affairs program “60 Minutes” aired a fascinating documentary, which told the harrowing story of Chinese whistleblower Desmond Shum, whose ex-wife, billionaire Whitney Duan, disappeared on the streets of Beijing four years ago. Until recently, nobody had heard from her, and her fate was unknown. However, when her ex-husband,…
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