The heat makes Chinese hens lay fewer eggs, prices rising

Economy 08/20/22, 15:14

As reported, many major cities in China have recorded their hottest days ever, and the country's national observatory issued a red alert on Monday, August 15. Heat waves not only affect people, but animals also feel stressed. In Hefei city, farmers reported a decrease in egg production because of the heat. According to ...

China’s chip industry: Where did the trillion fund go?

Economy 08/20/22, 04:18

China’s dependence on Western semiconductors has worried the Chinese Communist Party for decades. That is the reason why this regime always expects to conquer a semiconductor miracle. The CCP has spent trillions of dollars on its Research and Development (R&D) to create an independent chip industry and overcome U.S. technology ...

Depressing prospects: Investment banks slash China’s GDP outlook

Economy 08/20/22, 03:40

China is under stress from a combination of unfavorable events, prompting major investment banks to lower their expectations for the country’s economic growth. Standard Chartered expects the second world economy’s GDP growth for the full year to be 3.3%. Goldman Sachs cut its prediction from 3.3% to 3%. Nomura downgraded its ...

5 Chinese companies requested to be removed from Wall Street

Trending 08/19/22, 18:48

Chinese state-owned companies requested "voluntary exclusion" from the U.S. stock market, allegedly due to high costs and low returns. These companies are Sinopec and PetroChina, two of the world's largest oil companies, the Aluminum Corporation of China (Chalco), as well as China Life Insurance, and a Shanghai-based subsidiary of Sinopec. For years ...

Experts: Signs showing Beijing currently lacks money

Insights 08/19/22, 17:49

On August 12, American economist Christopher Balding wrote in The Epoch Times that China is currently facing a huge obstacle. Still, the Chinese regime has not followed the usual way of stimulating economic development. According to Balding, the only possible reason is that the CCP is currently short of money. Over ...

Defying the Chinese regime: US and Taiwan sign new trade pact

Economy 08/19/22, 16:10

The U.S. and Taiwanese governments announced on Wednesday, August 17, that they have begun negotiations on a new bilateral trade pact that includes major investments. The agreement is being developed amid high tension with the Chinese communist regime, which has threatened both the United States and Taiwan with war if they ...

Chinese regime continues building castles in the sky as economy collapses

Economy 08/19/22, 13:39

Since July China's economy has slowed down, industrial and commercial activity are at their worst, due to the zero COVID policy implemented by the Chinese Communist Party (CCP). It has restricted large commercial cities and the real estate crisis seems to push every rescue attempt down. The Asian country's industrial production ...

China factory orders tumble amid gloomy global economic outlook

Economy 08/19/22, 06:27

China's official customs data shows that its exports rose 18% in July from a year ago, 0.1% up from June. However, a recent report from Bloomberg shows that China’s factories are suffering due to weakening export orders. Bloomberg noted that the current performance of China’s major manufacturing hubs reflects the attitude ...

China’s finances are in turmoil, and Beijing even has to manage the price of mooncakes

Economy 08/19/22, 06:00

Recently, China’s financial system has continuously suffered from difficulties. The banking system came to a standstill. In addition, tax revenue dropped significantly, and the financial deficit skyrocketed. All are warning signs of China’s economic turmoil growing louder. In a troubled financial situation, Beijing authorities even controlled the price of mooncakes. On ...

Chinese firms set up in Mexico near U.S. border to evade U.S. tariffs

Economy 08/19/22, 05:59

Chinese companies have found a perfect route to sell their products beyond the reach of U.S. tariffs. That is none other than the U.S.’s close neighbor Mexico. As Nikkei Asia reports, Hector Tijerina, executive director at Invest Monterrey, says, “It was not common for us to help Chinese companies. But after ...