Empty shipping containers used for export have been piling up in Shanghai, Ningbo, Guangdong, and other major Chinese ports since December, as China’s foreign trade continues to decline. The latest data from ContainerxChange, a global container trading platform, shows that in the sixth week of 2023 (February 5–11), the CAx (Container Availability Index) of Shanghai…
Empty Shipping Containers Pile Up in Chinese Ports as China’s Exports Continue to Decline
March 27, 2023
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Reports About Closed COVID-19 Mass Quarantine Centers Attract International Attention
March 27, 2023
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The Chinese communist regime’s draconian “zero-COVID” policy has caused a substantial secondary disaster. Since the regime suddenly lifted all the COVID control measures in December 2022, the future of the mass quarantine centers that cost tens of billions of dollars to build has attracted wide attention. Satellite images show that many centralized quarantine facilities, known…
London Metals Exchange Hit by Another Nickel Scam
March 27, 2023
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News Analysis The London Metal Exchange (LME) on March 17 revealed that the bags of nickel stored in its licensed warehouse contained stones. The LME is supposedly the most trusted and secure minerals trading platform; however, it has had its share of trouble with nickel. The LME announced that nine nickel shipments found in one…
Number of US Students Studying in China Drops to 20-year Low; Chinese Students Remain Largest Group of International Students in US
March 24, 2023
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China’s strict “zero-COVID” policies and control measures in recent years have brought the number of American college students studying in China to its lowest point in more than two decades. Meanwhile, Chinese scholars continue to be the largest group of international students studying in the United States. According to data published by The Wall Street…
China’s Central Bank Cuts Rates to Boost Economy
News Analysis On the same day China released economic data for January and February, the People’s Bank of China (PBOC) announced a 0.25 percentage point cut to the reserve requirement ratio (RRR) for almost all banks. This move is expected to release approximately 500 billion yuan (about $75 billion) in long-term funds. However, a financial…
Chip Plants in China Won’t Be Forced to Shut If Firms Receive US Funding, Says South Korea
March 24, 2023
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SEOUL—South Korea’s trade ministry said on Wednesday that the United States’ proposed rules to prevent $52 billion in chip funding from being used by “countries of concern” will not force recipients to shut down their China factories. The U.S. Commerce Department on Tuesday proposed limits for recipients of U.S. chip manufacturing and research funding, including…
TikTok CEO Testifies Company Still Storing Some US User Data Overseas, Raising Security Fears
March 23, 2023
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TikTok is still storing Americans’ data on overseas servers, potentially placing it at risk of being accessed and exploited by China’s communist regime. TikTok CEO Shou Zi Chew testified on the matter during a March 23 hearing of the House Energy and Commerce Committee on the subject of TikTok’s data privacy practices and ties to…
It’s Not Easy for China to Play Peacemaker for Russia-Ukraine: Analyst
March 23, 2023
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Brokering a Russia-Ukraine “peace deal” is not an easy task for China, according to China economic analyst Antonio Graceffo. Beijing released a Feb. 24 position paper that outlined China’s ruling communist regime’s desire to become a mediator in the conflict. On March 20, Chinese leader Xi Jinping arrived in Moscow for a three-day state visit,…
Troubled Credit Suisse Has Chinese Communist Party-Linked Member on Its Risk Committee
March 22, 2023
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Credit Suisse bank, which collapsed last week, revealed on its website that it had a CCP-affiliated member on its board of directors. Shan Li, according to the bank’s website, is a board member with long extensive ties to the Chinese Communist Party (CCP), with senior roles on the bank’s risk management team, Asia advisory council, and…
PREMIERING at 10AM ET: Troubled US Bank’s Ties to China Raise More Red Flags
March 22, 2023
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The Silicon Valley Bank’s (SVB) bad management may have set off a nationwide financial crisis. The Biden administration has pledged to protect depositors’ money. But among SVB’s customers are firms affiliated with the Chinese Communist Party (CCP). So why are American taxpayers footing the bill to make Beijing whole? In the premiere of the new…
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