BUKAVU, Democratic Republic of Congo—Gunmen killed a policeman and kidnapped five Chinese nationals near a mine in Southeast Democratic Republic of Congo overnight, a local official and an army spokesman said on Sunday. It was not clear who carried out the attack near the village of Mukera in South Kivu Province. Relations are already strained…
Five Chinese Nationals Kidnapped in DR Congo After Attack Near Mine
November 22, 2021
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5 Chinese Nationals Kidnapped in DR Congo After Attack Near Mine
November 22, 2021
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BUKAVU, Democratic Republic of Congo—Gunmen killed a policeman and kidnapped five Chinese nationals near a mine in Southeast Democratic Republic of Congo overnight, a local official and an army spokesman said on Sunday. It was not clear who carried out the attack near the village of Mukera in South Kivu Province. Relations are already strained…
Oil Gains After US Infrastructure Bill Passes, Chinese Exports Rise
November 8, 2021
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LONDON—Oil prices rose on Monday as positive signs for global economic growth supported the outlook for energy demand, while Saudi Arabia’s state-owned producer Aramco raised the official selling price for its crude. Brent crude was up by 91 cents, or 1.1 percent, at $83.65 a barrel at 1028 GMT, after dropping nearly 2 percent last…
Japanese Carmakers’ Chinese Sales Tumble in October
November 5, 2021
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BEIJING—Japanese automakers Honda Motor Co., Nissan Motor Co., and Toyota Motor Corp.’s sales in China tumbled again in October as a microchip shortage hit vehicle production in the world’s biggest car market. Honda said it sold 148,377 vehicles in China last month, down 18 percent from a year earlier, while Nissan said it sold 113,876…
Live Q&A: Forced Vaccines Unveiled by Biden; China Tells Citizens to Stockpile Food
The Biden administration has officially rolled out its forced vaccine policy for businesses with over 100 employees, and is already considering extending the policy to businesses with fewer employees. And in other news, the Chinese regime told its citizens to begin stockpiling food, causing panic buying throughout the country. In this live Q&A with Crossroads…
Chinese Airlines to Apply Fuel Surcharge On Friday as Oil Prices Rise
BEIJING/SYDNEY—Chinese airlines will apply a fuel surcharge to domestic routes starting Friday for the first time in more than two years, as oil prices surge. The move comes as oil benchmarks trade close to their highest levels in years. Brent crude is now trading over $80 a barrel, up from about $20 a barrel hit…
Man Sentenced for Deadly Kidnapping of Chinese National
October 30, 2021
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LOS ANGELES—A man who helped in the deadly kidnapping of a Chinese man from a Los Angeles-area shopping mall was sentenced Friday to more than 16 years in federal prison. Anthony Valladares, 29, of Pasadena, was sentenced a year after pleading guilty to one count of conspiracy to kidnap Ruochen “Tony” Liao of Santa Ana….
Vegetables Pricier Than Pork Worry Chinese Consumers as Costs Swell
October 27, 2021
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BEIJING—Vegetable prices are surging in China after heavy rain swamped crops this month, fuelling concern over food prices at a time when consumers must brace for a hike in energy costs in the run-up to winter. Unusually heavy rains drenched northern swathes of China in September and early this month, flooding the top vegetable-growing province…
New Nuclear Funding Model Frees UK to Squeeze out Chinese Investment
The UK government is making it easier to invest in nuclear power stations, lowering the table stakes with a new financing model which they hope will attract local private investors in place of overseas developers. The announcement on Oct. 26 does not mention the government’s growing discomfort over the involvement of a Chinese state-backed developer in…
French Luxury Goods Groups’ Shares Hit by Weak Chinese Data
October 18, 2021
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PARIS—Shares in French luxury goods companies LVMH and Kering fell on Monday after weak economic numbers from China, a leading market for many of the world’s top fashion companies. Kering was down 1.7 percent in early trading while LVMH retreated by 1.3 percent. Rival French luxury goods company Hermes also fell 1.2 percent. China’s economy…
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