Recent media reports on spring planting in China’s Raohe County have drawn attention to the challenges faced by Chinese farmers as the cost of growing grain rises and agricultural production sags due to the aging of the country’s population. Raohe County, in China’s Heilongjiang Province, was once recognized as China’s foremost grain-producing county. In 1993,…
Multiple Chinese AI Unicorn Startups Report Losses, Suffering Impact From US Sanctions
News Analysis China’s leading artificial intelligence (AI) firms have had a stressful year in 2022. Some reported heavy losses due to the COVID-19 pandemic, the chip ban, and the U.S. sanctions over their role in human rights abuses in Xinjiang. iFlytek Voice Recognition On April 20, iFlytek, China’s voice-computer champion, reported a revenue of 18.82…
Japan Needs Legislation to Prevent CCP Spies From Accessing Trade Secrets: Former Intelligence Officer
April 24, 2023
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Asia & PacificChinaChina Business & EconomycyberattacksFinance & Business TiesInfiltrating the WestJapanleaking informationSpecial TopicsTech CompetitiontechnologyWorld
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The Chinese Communist Party (CCP) has been using Chinese expatriates and Japanese experts to steal state-of-the-art technology for the Chinese regime, Japanese reports have revealed. After being questioned, these people leave Japan without indictment. Early in April, Japanese police reportedly investigated a CCP member who, while working as a technician for a Japanese company, sent…
US, South Korea Made Progress in Securing Critical Technologies: White House
April 23, 2023
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Asia & PacificBusiness & MarketsChinaChina Business & EconomyChinese Regimeeconomic policiesExecutive BranchMicron Technology IncNational SecurityPoliticsSouth KoreaTechTech NewstechnologyUSUS NewsWorld
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The United States and South Korea have made “historical progress” in deepening cooperation to secure critical technologies and address economic coercion, the White House said on Sunday. This came as South Korean President Yoon Suk-yeol prepared for his first state visit to the United States on Monday for talks with President Joe Biden, which Washington…
The Belt and Road Initiative Hits a Pothole
April 23, 2023
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Commentary Initially proclaimed as the economic marvel that would create massive global infrastructure and growth, the Belt and Road Initiative (BRI) has encountered significant problems in recent years that have created doubt over its impact. The BRI was launched by Chinese leader Xi Jinping in 2013 when he pushed for a “Silk Road Economic Belt,”…
Official Chinese Data Depict Soaring Exports to South Asia; Economic Institutions Uncover True Status
News Analysis The Chinese Communist Party (CCP) recently claimed that China’s economic growth is stable, citing a double-digit spike in exports to the Association of Southeast Asian Nations (ASEAN) in March. Some financial institutions revealed that official data could not conclude that China’s exports are rebounding as various factors need to be considered. On April…
China Issues More Crop Subsidies, Highlighting Its Farm Crisis
China will provide 10 billion yuan ($1.45 billion) in one-time farm subsidies, according to a government statement on April 17. The subsidies are meant to help grain farmers. Funds will be deposited directly to farmers’ bank accounts, according to a report in Chinese state media the Global Times. However, experts believe despite recent subsidies, the…
Claims Surface That Chinese Conglomerate Fosun’s Executives Potentially Committed IPO Fraud
The chief financial officer (CFO) of a Hong Kong-listed Chinese company, Babytree, has allegedly exposed his company’s fraudulent IPO (initial public offering), and his alleged co-conspirator is an NYSE-listed Hong Kong financial institution. The firm has helped list dozens of Chinese companies in Hong Kong and U.S. stock exchanges. On April 11, Babytree Group’s CFO…
Call for China Appeasement: Premier Says PM Should Bring Entourage of State Leaders to Meet With Xi
April 20, 2023
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Andrew HastieAustraliaBarnaby JoyceBusiness & MarketsChinaChina Business & EconomyChina-Australia RelationsInternationalInternational Relationsmark mcgowanWestern AustraliaWorldXi Jinping
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Australian Prime Minister Anthony Albanese and the nation’s state leaders should come together to visit and meet with Chinese leader Xi Jinping, says Western Australian (WA) Premier Mark McGowan. The Labor Premier McGowan is currently touring China—WA’s largest trading partner—and has been vocal in his support for stronger economic ties with Beijing and critical of…
China’s March CPI, PPI Falls
April 20, 2023
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ChinaChina Business & EconomyChina real estateChinese economydebt issuanceNational Taiwan UniversitySocial Issues
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China’s consumer price index (CPI) and producer price index (PPI) data for March both fell short of expectations year-on-year. The communist regime’s economic development model is in a vicious cycle of balance-sheet recession, says an economist, and this is just the tip of the iceberg. China’s economic winter will worsen, he predicts. China’s CPI rose…
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