Category: Finance & Business Ties

Amazon to Shut Down China App Store in Further Retreat From Country

Amazon suddenly announced in recent days that it will close its Chinese website amazon.cn and its official app store in China on July 17, without giving any reason. Observers believe that it signals the U.S. e-commerce giant’s complete retreat from China and the Chinese regime’s further uncoupling from the West. In an email sent to…


Changing Definitions in China’s Counter-Espionage Law Increases Risk for Western Consultants

China’s new counter-espionage law broadens the definition of espionage, increasing the risks for foreign consultants, which some experts said may increase the risks for investing in the country. On March 27, Chinese Premier Li Qiang told foreign attendees of the China Development Forum (CDF) 2023 in Beijing that China would unswervingly open up to the…


China to Undermine US-Marshall Islands Alliance if US Fumbles Military Deal Renewal: Indo-Pacific Expert

As the Marshall Islands is yet to renew its military contract with the United States, China’s communist regime is striving to undermine the bilateral relationship—and could succeed if the U.S. fails to properly handle its alliance with the Pacific country, according to Indo-Pacific expert Cleo Paskal. Paskal, who is also an associate fellow of the…


G7 Summit to Push for Global Supply Chain ‘De-Chinaization,’ Expert Says

The Group of Seven (G7) finance leaders recently pledged to increase global supply chain diversification, with an expert describing the move as “de-Chinaization”. The G7 Finance Ministers’ meeting in Niigata, Japan, ended on May 13, laying the groundwork for the G7 Leaders’ Summit in Hiroshima from May 19 to 21. According to a Reuters report,…


ANALYSIS: China’s Heightened Use of ‘Exit Bans’ Creates Hostile Environment for Foreign Firms

A growing number of Chinese laws that enable “exit bans” has heightened fears of a more hostile environment for foreign companies operating in China. Experts say that Beijing’s tactics go against its professed desire to bolster business confidence and foreign investment in the country and may trigger an accelerated exodus of foreign companies. The Chinese…


Sanctioned Lawmakers Condemn UK’s 1st Ministerial Visit to Hong Kong Since 2018

The British government has come under renewed criticism from lawmakers as a government minister is visiting Hong Kong this week for the first time since 2018. A number of parliamentarians who have been sanctioned by the Chinese Communist Party (CCP) condemned the government for sending the minister for trade talks, with former Conservative Party leader Sir…


British Universities Accepted £30 Million From Blacklisted Chinese 5G Giant Huawei

Blacklisted technology company Huawei has plunged at least £30 million into British universities via research grants and donations. The Epoch Times can reveal the telecom giant—deemed a national security threat by the United States government—is the biggest China-based donor to higher educational institutions in the UK. Over the past four years, Huawei and its advanced…


House Panel Debates Whether Biden-Era Energy Policies Benefit China

China’s gains and losses from energy policies during Joe Biden’s presidency were a contested topic during an April 26 hearing of the House Energy & Commerce Committee’s Environment, Manufacturing, and Critical Materials Subcommittee. “Until we increase U.S. capacity for critical mineral extraction and refining, increasing our reliance on renewable energy and EVs [electric vehicles] will…


Rapper Pras Michel Convicted in Conspiracies to Influence US Government

Rapper Prakazrel “Pras” Michel, a member of the 1990’s hip-hop group the Fugees, has been found guilty by a jury on Wednesday of 10 counts of crimes related to his alleged participation in a conspiracy to help China influence the United States. The 50-year-old Grammy Award-winning rapper was convicted of conspiring with a Malaysian financier, Jho Low—also known as Low…


Ex-Harvard Professor Sentenced, Fined for Lying About China Ties

BOSTON—A prominent former Harvard University scientist convicted of concealing his ties to China’s state-run talent recruitment program was sentenced to two years of supervised release and ordered to pay over $83,000 in restitution and fines. Charles Lieber, who formerly chaired Harvard’s department of chemistry and chemical biology, was found guilty in December 2021 of six…