A scholar on China has warned that affording more scrutiny to Chinese state-owned enterprises with regard to foreign takeovers of Canadian companies won’t entirely remove the risk of losing strategically to the communist regime. “All Chinese global enterprises are fully integrated into the PRC [People’s Republic of China] party-state, corporate, military, and security apparatus, because…
No Such Thing as Independent Chinese Global Enterprises, Committee Hears
China’s Digital Yuan Allows Beijing to Further Tighten Its Control Over the People: Expert
China’s eastern city of Changshu is set to implement the use of digital yuan (e-CNY) to pay public sector employees’ salaries. One China observer believes that Beijing’s goal in introducing the digital yuan is to strengthen its control—at the cost of further deteriorating the economy and human rights of the Chinese people. Changshu recently announced…
China’s Information Game With the West
Commentary Only months after publicly assuaging fears of a crackdown on foreign businesses, Beijing seems to be doing just that. A spate of probes and investigations against foreign businesses in China has renewed questions around China’s policy on foreign companies operating locally. Recently, Chinese authorities questioned the staff of and seized laptops and other documents…
China Factory Activity Shrinks in April, Signaling Recovery Concerns
BEIJING—China’s manufacturing activity shrank in April, official data showed on Sunday, raising pressure on policymakers seeking to boost an economy struggling for a post-COVID lift-off amid subdued global demand and persistent property weakness. The official manufacturing purchasing managers’ index (PMI) declined to 49.2 from 51.9 in March, according to data from the National Bureau of…
China Expands Anti-Espionage Law Targeting Foreign Companies and Dissidents
April 29, 2023
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anti-espionageAsia & PacificChinaChina Business & EconomyChina Human Rightschinese dissidentChinese RegimeGrassroots ResistanceInternational RelationsSocial IssuesSpecial TopicsUS-China relationsWorld
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The Chinese Communist Party (CCP) passed its newly revised anti-espionage law, which will come into effect on July 1 this year. The revision has expanded the definition of espionage, making it broader and vaguer. Human rights observers believe that it is an escalation in the repression of the Chinese people and will be used to…
Asia’s ‘Aluminum Tycoon’ Collapses After Three Decades
China Zhongwang Holdings Ltd., founded by Liu Zhongtian, was forced to delist from the Hong Kong Stock Exchange on April 13. Liu was a 14-year-old school dropout from rural China who borrowed 200 yuan (approx. $29) to start a business and eventually became known as Asia’s “aluminum tycoon.” He was the wealthiest man in Northeast China at…
New Operator Hopes to Re-Vamp Once Popular Fried Chicken Chain in China
“A 200-meter-long queue, 8-hour-wait-time, just for a Popeyes fried chicken,” a Chinese news outlet described the huge fanfare at Popeyes’ flagship store in Shanghai on its opening day. Three years later, the once-sizzling brand has shuttered all its stores in China. TH International announced in February that it will take over the operation of the…
China’s Xi Is Cracking Down on Bankers, Financial System
Since the start of 2023, dozens of senior banking executives in China have resigned or been under investigation. This phenomenon marks a reshuffling of the Chinese Communist Party’s (CCP) financial sector, with various factions within the regime battling for their own interests, according to a China expert. This month, senior bank executives were frequently reassigned….
American Investment, Chaotic Environment Check China’s African Lithium Grab
April 28, 2023
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AfricaAfrican lithium minesChinaChina Business & EconomyKamala Harrislithium minesNingde TimesThreat from Communist ChinaUS-China relations
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As China faces fierce competition for lithium resources in Australia and South America, Africa has become a new target for Beijing’s hunt for the mineral. The rapid expansion of Chinese lithium capacity in Africa is drawing increasing attention, prompting a call for stepped-up American investment to counter the Chinese presence on the African continent. Meanwhile,…
US Needs ‘New Vision’ for Industrial Policy to Outcompete China: Experts
April 27, 2023
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CCPChinaChina Business & Economycompetitionindustrial policyInternational RelationsNational SecurityPolicies & ImpactsThreat from Communist ChinaUSUS-China relations
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The United States has fallen behind China and numerous other countries in its global share of key industrial sectors, according to several experts in technology and industrial policy. U.S. global shares in high-value industries have fallen so dramatically that the nation now ranks just above Italy and behind Mexico in a list of key advanced…
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