Despite Chinese SOE (state-owned enterprise) stocks surging due to the communist regime’s newly hyped system of “valuations with Chinese characteristics”—which has temporarily boosted Chinese investors’ confidence in such shares—the Shanghai Stock Exchange (SSE) Composite Index dropped below the psychologically important 3,200-point level this week. Experts said that Beijing has fabricated the new valuation system to…
Experts Warn Investors as Chinese State-Owned Enterprises Flatter to Deceive
May 30, 2023
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Hong Kong Billionaire Reduces Stake in Chinese Bank Amid China’s Banking Troubles
Hong Kong tycoon Li Ka-shing’s foundation has recently reduced its stake in the Postal Savings Bank of China, cashing out HK$122 million (about $15.6 million). Market observers speculate that Li Ka Shing Foundation’s sale of its shares on May 11 is a sign that Li is pessimistic about the long-term outlook of China’s economy, as…
Toyota’s April Global Sales Rise on Stronger Demand in Japan, China
May 30, 2023
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TOKYO—Toyota Motor Corp.’s global sales rose by nearly 5 percent in April from a year earlier, boosted by stronger demand for hybrids and gasoline-powered cars in Japan and China. The Japanese automaker also reported better overseas sales of battery electric vehicles (EVs), bringing the total number of battery-powered units it sold in the first four…
US Venture Capital Firms, Financial Firms Should Stop Backing Red China
May 30, 2023
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Commentary China’s tech startup and venture capital boom over the last decade has produced some household names while stoking concerns that it would one day surpass innovation out of Silicon Valley. But that momentum has waned recently. Various reasons have dampened international funding into Chinese tech startups, including pandemic restrictions, the communist authority’s crackdown on…
Land-Use Protester Escapes China for Fear of Being ‘Disappeared’
May 29, 2023
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A Chinese agriculturalist escaped his motherland after realizing local authorities could make him “disappear” at any moment after depriving him of his right to reclaim land—and using hired thugs to put him heavily in debt. “There’s no law in China,” he told the Chinese-language edition of The Epoch Times on May 4. He Yu, a…
Amazon to Shut Down China App Store in Further Retreat From Country
May 28, 2023
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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…
ANALYSIS: ‘Forest to Farmland’ Signals China’s Return to a Planned Economy
A burgeoning movement to return forests to farmland and the sudden arrival of heavy-handed rural enforcers are at the center of recent dramatic events in China. China is making a major push to expand its arable land. The movement reverses years of ecological “farmland to forest” policies and includes the establishment of a new “Rural…
Beijing’s Shift to Military for Chip Development Reason for OPPO’s Chip Closure: Analysts
May 28, 2023
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Chinese smartphone company OPPO launched its chip branch, ZEKU, in 2019 when independent semiconductor chip research and development (R&D) was a national campaign of the Chinese Communist Party (CCP). Four years later, China’s chip bubble finally burst when OPPO abruptly terminated ZEKU. It is believed that more Chinese semiconductor developers will soon follow suit. Experts analyzed…
China’s Ban on US Chipmaker Micron a Ploy to Divide the US-South Korea Alliance: Experts
May 27, 2023
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Just after the G-7 summit in Hiroshima, Japan, the Chinese regime announced that it is banning products from U.S. memory chip maker Micron, citing national security risks. The move has put the U.S.-led coalition against Beijing to the test, experts say. Beijing’s move to ban Micron was intended to use the market vacated by Micron…
Commerce Leaders from US, China Fail to Find Common Ground
May 26, 2023
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U.S. Commerce Secretary Gina Raimondo met with her Chinese counterpart Wang Wentao on May 25. The two traded complaints but failed to break new ground in the floundering Sino-American trade relationship. Raimondo “raised concerns” about the Chinese Communist Party’s (CCP) actions against U.S. companies in China, according to a statement released by the Commerce Department….
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