News Analysis Companies doing business in China were given a nasty surprise when their earnings got hit as a result of Beijing’s nearly three years of extensive lockdowns followed by a sudden reopening in early December 2022. The Epoch Times reported on Feb. 5 that with many places in China seeing 80 percent infection rates…
Canada Goose Q3 Results Highlight Challenges of Doing Business in China
America’s Trade Deficit Surged in 2022, Nearing $1 Trillion
February 8, 2023
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The U.S. trade deficit hit close to record levels in 2022, nearing a total of $1 trillion. American consumers continued to spend heavily on foreign-made goods last year, widening the overall trade deficit even further by 12.2 percent, or $103 billion, in 2021. As of the beginning of the year, the goods and services deficit now…
Australia and China Hold First Trade Minister Meeting in 3 Years
February 8, 2023
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Australia and China have held a meeting between trade ministers for the first time in three years as the two sides seek to resume the normal trade relationship after a period of tension. On Feb. 6, Australian Trade Minister Don Farrel joined a virtual meeting with Chinese Commerce Minister Wang Wentao to discuss the removal…
Australia and China Hold First Trade Minister Meeting in Three Years
Australia and China have held a meeting between trade ministers for the first time in three years as the two sides seek to resume the normal trade relationship after a period of tension. On Feb. 6, Australian Trade Minister Don Farrel joined a virtual meeting with Chinese Commerce Minister Wang Wentao to discuss the removal…
Research Shows Beijing Expanding Influence Over Chinese Companies Through Managerial Incentives
February 7, 2023
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A think tank of top U.S. strategic and economic analysts presented research on Feb. 7 showing the method through which China’s government has expanded its influence over the nation’s companies. A panel led by Center for Strategic and International Studies (CSIS) researchers Curtis Milhaupt and Lauren Yu-Hsin Lin discussed how the Chinese Communist Party (CCP) is methodically increasing…
House Financial Services Committee to Hold Hearing on Chinese Regime’s Economic and Geopolitical Threat
February 7, 2023
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As the world’s attention shifts heavily to Beijing’s role in the world in the aftermath of the shootdown of its spy balloon over U.S. territory on Feb. 4, a special hearing of the House Financial Services Committee will address subversion and aggression emanating from communist-ruled China and consider legislative proposals to counter these threats. A…
The Aid Trap
February 6, 2023
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Commentary When rich nations fall into recession, their governments do what they can—but after 100 years of socialism (the entire 20th century), those governments know now not to intervene in the economy. To prevent a financial crisis, yes, they loan money to banks, but otherwise, they stay back. Poor nations haven’t learned this. Recession or…
China’s Cell Phone Shipments Plummeted by 43 Million in 2022 to Lowest Level in Ten Years
China’s smartphone market fell 13.2 percent in 2022, to their lowest level in a decade, International Data Corporation (IDC)’s latest report shows. According to IDC’s global mobile tracker report, released Jan. 29, about 286 million smartphones were shipped in China in 2022, the lowest number of smartphones shipped in China in ten years. It was also…
Companies Continue to Exit China Despite CCP’s Overture of Strengthening Economy: Observers
February 5, 2023
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China’s ruling communist party has started announcing its plans to stimulate the domestic economy after the week-long Chinese Lunar New Year celebration. However, experts are not optimistic about China’s economic prospects and anticipate another wave of company exits. According to mainland Chinese media, after the Lunar New Year Holiday authorities in many provinces and cities…
Wave of Employee Turnover Hits China’s IT Industry
February 3, 2023
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China’s IT industry has seen a wave of resignations and layoffs since last year, affecting the Chinese communist regime’s online censorship. Former employees believe political reasons and economic factors are behind the wave of employee turnover. Liu Jiang (pseudonym), a former employee of ByteDance, which is the parent company of TikTok, told The Epoch Times…
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