Exiled Chinese businessman Guo Wengui is arraigned at the Manhattan federal court on March 15 after he was arrested for orchestrating a scheme to defraud over $1 billion from his online followers. …
LIVE 2:51 PM ET: Exiled Chinese Businessman Guo Wengui Arraigned on $1 Billion Fraud Charges
March 15, 2023
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Breaking Dependency on China, Russia Requires Political Sacrifice: Mining CEO
March 15, 2023
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America is currently in no position to shake dependency on China and Russia for key minerals needed to manufacture much of the technology powering modern civilization, the chief executive of a global mining company said. The push to rapidly reduce carbon emissions further complicates the situation as it requires even more of those minerals, he…
‘Red Roulette’ Author: Hong Kong Protestors Encouraged Memoir’s Publication
March 15, 2023
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The Chinese-language edition of the bestselling book “Red Roulette” has finally made its debut in Taiwan. With its subtitle “An Insider’s Story of Wealth, Power, Corruption, and Vengeance in Today’s China,” the book’s author, Desmond Shum, said the book tells “the story powerful forces are desperate for you not to hear.” Encouraged to share his…
China ‘Sanction Proofing’ its Economy From US: Expert
March 14, 2023
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According to Anders Corr, publisher of the Journal of Political Risk, China is ‘sanction proofing’ its economy from the United States in preparation for the potential invasion of Taiwan. After the 14th National People’s Congress, the nation’s top legislature, closed its first session on March 13, China’s premier Li Qiang said that China would align…
China to Fully Open Borders to Foreigners Amid Ongoing Coverup of COVID Situation
March 14, 2023
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China is setting up to fully open its borders to foreign tourists on March 15 for the first time since the pandemic, even as certain regions are battling with the spread of what officials claim is the flu. On Wednesday, Beijing will resume issuing all types of visas. Visa-free destinations like Hainan Island, popular among…
China’s Imports and Exports Fell in January-February, Manufacturing Exports Fell Across the Board
March 14, 2023
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China’s General Administration of Customs released import and export figures for the first two months of 2023 on March 7, admitting that imports and exports had fallen year on year (YOY) and manufacturing exports had fallen across the board. According to the official data, China’s exports fell 6.8 percent from a year earlier to $506.3…
Beijing Police Harass, Kidnap Activist-Entrepreneur During ‘Two Sessions’ Meeting
March 14, 2023
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A Chinese activist and entrepreneur was forcibly removed from his home in Beijing by local police on the evening of March 9 during their “investigation” of the so-called “White Paper Movement.” Businessman Guo Kunpeng said he believes his detention was related to the annual “Two Sessions” meetings that were taking place at the time of…
China’s Exports Remain Under Pressure as US Trade Deficit With China Continues to Shrink
March 13, 2023
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The total value of U.S. trade in January was up year-on-year. Still, according to the latest U.S. foreign trade data, the trade deficit in goods between the United States and China was down by $900 million month-on-month in January. The United States is China’s top trade surplus country, and lower exports to the United States…
China Secures Australian Lithium For Almost 70 Percent Below Market Value
March 13, 2023
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An Australian mining company with links to China has been subject to a state government inquiry for selling lithium around 70 percent below the current market prices despite being under administration. Alita Resources, which operates the Bald Hill lithium mine in Western Australia via its subsidiary Lithco, is expected to export 150,000 tonnes of lithium…
Bangladesh Poised to Overtake China as EU’s Largest Garment Exporter
China has seen a large number of clothing orders canceled by international buyers in the wake of the COVID-19 pandemic and the U.S.-China trade war, with many of these orders having been transferred to Bangladesh, the world’s second-largest garment processing exporter. Ahsan H. Mansur, executive director of the Bangladesh Policy Institute, said that Bangladesh is expected…
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