Commentary The prospect of a return to the previous era of trade between Australia and China has been the subject of considerable speculation in recent weeks following meetings between officials from both nations. The prospective thaw in relations saw corporate executives, including university vice-chancellors, flocking back to China with excited alacrity, eager to recreate the…
When the CCP Opens Its Economy, It’s Never Out of Friendliness
March 5, 2023
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CCP’s Top ‘Two Sessions’ Political Meeting Kicks Off: Sets Lower GDP Target, Increases Military Spending
March 5, 2023
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Asia & PacificCCPChinaChina Business & EconomyChinese RegimeGDPGlobal ExpansionInside CCP Officialdommilitarymilitary spendingSpecial TopicsTaiwanThreat from Communist Chinatwo sessionsUS-China relationsWorld
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The Chinese Communist Party’s (CCP) 2023 Two Sessions top political meeting started on Saturday, March 4, and is expected to last for two weeks. The regime has set its 2023 gross domestic product (GDP) target at its lowest level in years. It also announced a 7 percent increase in military spending, its second highest in…
Beijing Seeks More Control Over How Its Residents Invest Their Money, Expert Says
March 3, 2023
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New Analysis U.S. stocks have made 10 times more gains in the past decade than China’s domestic stocks. In preventing further capital outflow, Beijing banned new investors in mainland China from speculating in foreign exchange markets. Experts suggest the regime seeks more control over how its residents invest their money. According to the monthly market…
Billionaire Investor Warns to Be ‘Very Careful Investing in China’ Amid Capital Crackdown Fears
A billionaire investor is urging caution about investing in China, warning that he has been prevented from accessing his money because of Beijing’s strict capital controls. According to Mark Mobius, the founder of Mobius Capital Partners, the Chinese government has taken “very significant” action to prevent him from withdrawing capital from Chinese equities since his…
Washington Restricts US Exports to 28 Chinese Entities, Citing Alleged Ties to Iranian Military
March 3, 2023
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Business & MarketsChinaChina Business & EconomyChineseCompaniesInternationalMiddle EastmilitaryNational SecurityPolicies & ImpactsRussiaUSUS NewsUS-China relationsWashingtonWorld
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The U.S. Commerce Department on March 2 announced export restrictions for a string of Chinese entities. The United States added 28 Chinese firms and individuals to its Entity List (pdf), citing concerns regarding national security risks, including through their alleged dealings or attempted dealings with an Iranian electronics company, Paradazan System Namad Arman (PASNA), which has been sanctioned by…
Coal Powering China as ‘Equivalent of Two Large Coal Power Plants’ Permitted to Open Each Week
March 2, 2023
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Business & MarketsChinaChina Business & Economychina coalcoal industrycoal power plantseconomyenergyindia coalInternationalUSUS NewsWorld
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China, the largest coal consumer in the world, saw coal power projects jump in 2022 despite the country’s commitment to cut down coal consumption by the end of this decade. In 2022, coal power construction starts, new project announcements, and plant permissions “accelerated dramatically” in China, according to a February report (pdf) by Global Energy…
China Continues Monetary Easing Policies As Consumers Continue to Hesitate
China’s central bank is continuing its monetary easing policy in 2023 in a bid to stimulate consumption to boost the economy and stabilize the property market, but the real estate market is still falling in most cities. At the same time, data in January showed a continued rise in the country’s infrastructure spending plus a…
China Exodus—Multiple Apple Suppliers Moving Out of Country
March 1, 2023
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Major Apple suppliers are shifting manufacturing capacity outside of China, with Vietnam and India being their top destinations, as firms struggle with supply disruptions and geopolitical tensions. China-based GoerTek, which makes Apple’s AirPods, is investing $280 million in a new manufacturing plant in Vietnam while also considering other destinations like India. Since January, the company…
Russia Reducing Dollar Dependence by Relying on Chinese Yuan
March 1, 2023
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Business & MarketsChinaChina Business & EconomyChinese YuaneconomyenergyFinance & Business TiesMarketsOilRussiaSpecial TopicsUS
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Russia is easing its dependence on the U.S. dollar and quickly growing reliant on the Chinese yuan, which could turn out to be either a boon for Moscow or a substantial risk, experts warn. Over the last year, the Russian economy has been restricted from Western financial networks and has faced economic and political sanctions…
China’s CCP Seeks to ‘Replace’ US With ‘Tech Powered Dystopia’: Select Committee Testimony
February 28, 2023
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China’s communist regime is engaged in a concerted effort to undermine and replace the United States by weaponizing Americans against one another, according to testimony received by a new congressional committee focused on competition with the regime. The House Select Committee on Strategic Competition between the United States and the Chinese Communist Party (CCP) held…
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