BEIJING—China’s trade contracted again in January and February as U.S. and European demand weakened in the face of interest rate hikes. Exports sank 6.8 percent from a year earlier to $506.3 billion, an improvement over December’s 10.1 percent decline, customs data showed Tuesday. Imports fell 10.2 percent to $389.4 billion, deepening December’s 7.3 percent contraction. China’s…
US Risks Losing Its Pension Funds in China: Expert
March 10, 2023
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The United States risks losing its pension funds in China as the regime seeks to undermine the economic base of America, warned Gregory Copley, president of the International Strategic Studies Association. Billionaire investor Mark Mobius recently said that the Chinese regime has taken “very significant” action to prevent him from withdrawing capital from Chinese equities…
CCP Would Trade China’s Prosperity for Global Geopolitical Hegemony: Telecoms Industry Expert
March 10, 2023
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In its quest for global hegemony, the Chinese Communist Party will not shy away from risking the wealth the Chinese people have accumulated over the last few decades, according to Jon Pelson, former chief convergence officer for British Telecom and author of the book ‘Wireless Wars.’ “Chairman Xi would give up his country’s wealth and…
Hong Kong’s Foreign Trade Records Biggest Decline in 70 Years in January
March 9, 2023
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The year-on-year decline in Hong Kong’s foreign trade extended into January, recording its biggest monthly decline in 70 years; an expert says it’s evidence that “mainland China is slowly decoupling from the world.” Exports fell 36.7 percent and imports fell 30.2 percent in January from a year earlier, according to the January merchandise trade statistics…
Former Central Bank Governor: Retirees Need to Fill Up Their Own Pensions
Analyst and former governor of the Chinese central bank, Zhou Xiaochuan, admitted that China will soon face an aging society with a weak pension system. The only possible solution relies on retirees filling the gap on their own. The analyst says the real problem lies in the gigantic bureaucratic system that feeds on the entire populace….
Chinese Company Temu’s Expansion Sparks New Concerns About Data Privacy
March 9, 2023
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New Analysis Chinese e-commerce giant PPD Holdings Inc. launched its shopping site Temu in the United States recently, waging a price war with major online retailers and building on its success with “Shop Like a Billionaire” theme Super Bowl ads. Behind the scenes, the explosive success of the shopping app has sparked major concerns about…
Rep. Lance Gooden Introduces Bill to Re-establish Trump-Era Program Targeting Chinese Espionage
March 8, 2023
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Rep. Lance Gooden (R-Texas) introduced a bill on March 7 to re-establish the China Initiative—a Trump-era program that aimed at countering economic espionage, intellectual property theft, and other threats posed by the Chinese Communist Party (CCP). The legislation (pdf)—called the Protect America’s Innovation and Economic Security from CCP Act—is intended to reinstate the China Initiative program,…
Rep. Gooden Introduces Bill to Re-establish Trump-Era Program Targeting Chinese Espionage
March 8, 2023
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ChinaChina Business & EconomyChina InitiativeChinese intellectual property theftchinese theft of us intellectual propertyformer president donald trumpLance GoodenMatthew OlsenPoliticsRepublicansSen. Rick ScottThreat from Communist ChinaUSUS NewsUS-China relations
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Rep. Lance Gooden (R-Texas) introduced a bill on March 7 to re-establish the China Initiative—a Trump-era program that aimed at countering economic espionage, intellectual property theft, and other threats posed by the Chinese Communist Party (CCP). The legislation (pdf)—called the Protect America’s Innovation and Economic Security from CCP Act—is intended to reinstate the China Initiative program,…
Senators Seek to Reverse Biden’s Tariff Waivers on Chinese Solar Panels
March 7, 2023
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Two Democratic senators are calling on President Joe Biden to repeal tariff waivers that Chinese companies are using to circumvent anti-dumping and countervailing duties by moving solar cells and modules through four Southeast Asian countries. Sens. Sherrod Brown (D-Ohio) and Bob Casey (D-Pa.) cited the findings in a March 2 letter, stating that “circumvention of U.S….
US Blacklists 37 Companies, Including China’s BGI, Inspur
March 6, 2023
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The Biden administration on Thursday added 37 companies to a trade, including units of Chinese genetics company BGI and Chinese cloud computing firm Inspur, in a move that promises to further ratchet up tensions with Beijing. The Commerce Department, which oversees export controls, added BGI Research and BGI Tech Solutions (Hongkong), over allegations that the…
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