China recently banned Micron chip sales to critical information infrastructure operators over cybersecurity issues. It came after the world economic power players showed their support for alternative and secure supply chains, and Micron announced its investment in Japan. China’s ban will only enhance the risk of foreign investors in China, and possibly force economic decoupling…
China’s Pay Back to the US With Micron Ban Could Signal Decoupling From Both Sides: Expert
May 26, 2023
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Changing Definitions in China’s Counter-Espionage Law Increases Risk for Western Consultants
May 26, 2023
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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…
Russia, China Seal Economic Pacts Amid Western Criticism
May 26, 2023
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BEIJING—Russia’s prime minister signed a set of agreements with China on Wednesday during a trip to Beijing, describing bilateral ties at an unprecedented high, despite criticism of their relationship in the West as the war in Ukraine drags on. Prime Minister Mikhail Mishustin, the highest-ranking Russian official to visit Beijing since Moscow sent thousands of…
White House Condemns China for Micron Ban But Will Keep Communications Open
May 25, 2023
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The White House has condemned the Chinese regime for its ban on purchases of memory chips from the American company Micron on May 24, saying it’s retaliation over the recent G7 statement. However, the White House expressed that Beijing’s sanction won’t affect Washington’s efforts to improve communication with China. White House national security spokesperson John…
IN-DEPTH: Job Prospects for China’s Rural Migrant Workers Worsen as Labor-Intensive Industries Decline
May 24, 2023
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China’s labor-intensive industries were hit hard by extreme zero-COVID measures, with business woes continuing this year, leaving the employment outlook bleak for rural migrant workers. Chinese Communist Party (CCP) leader Xi Jinping on April 29 stressed in a Central Political Bureau economic meeting of the need to “expand employment channels”. Xi also emphasized the need to “stabilize…
World’s Largest Real Estate Market on the Brink of Collapse: Experts
May 23, 2023
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Recent statistics from China’s central bank show that home buyers’ enthusiasm has fallen drastically. Despite price cuts and incentives, the world’s largest housing market continues to slump, and China’s banking sector is taking a hit on two fronts, as both defaults and prepayments rise. Meanwhile, China’s developers are starting to show the strain, with real…
Chinese Banks See Surge in Bad Loans Amid Real Estate Woes
China’s major banks are grappling with a surge of non-performing loans (NPLs) since last year, largely driven by a weakening real estate sector. As of the end of 2022, the NPL balance of 40 listed Chinese banks climbed by 8.84 percent to 1.81 trillion yuan (approximately $262.3 billion), while the NPL ratio slightly slid by…
China’s Xi Holds Central Asia Summit, Attempting to Challenge G-7: Analysts
May 22, 2023
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China hosted a Central Asia Summit in its historic city of Xi’an on May 18 and 19, one day before this year’s Group of Seven (G-7) Summit in Japan’s Hiroshima from May 19 to 21. The Chinese leader Xi Jinping met with heads of state from Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan, and Uzbekistan in one-on-one meetings,…
Russia Opens Far East Port Vladivostok to China
May 21, 2023
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Russia has recently opened its far eastern port of Vladivostok, which it has occupied since 1860, to China for shipping in what observers say is a strategic exchange between the two nations as their actions in Ukraine, and around Taiwan and the South China Sea continue to worsen international relations. On May 4, the General Administration…
Northeast China ‘Forerunner’ in China’s Development
May 20, 2023
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Northeast China, historically known as Manchuria which consists of the provinces of Liaoning, Jilin, and Heilongjiang, always seems to be a bellwether for developments in the country, especially in terms of economic, demographic, and social trends. Many things done by Northeasterners that were ridiculed early on have since become common phenomena throughout the rest of China….
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