U.S. companies feel pessimistic in China’s business environment: Survey found

Insights 03/10/22, 00:22

According to the latest survey by the American Chamber of Commerce in the People’s Republic of China (AmCham China) released on Tuesday, March 8, U.S. companies in China feel less optimistic about the business environment. The key issues that concern investors are tensions between both countries, ongoing COVID-19 prevention, inconsistent policies ...

China considers buying shares in Russian energy, commodity firms

Economy 03/10/22, 00:04

China is planning to buy or increase the share of Russian enterprise energy and commodities corporations. Beijing is telling its state-owned firms to find any opportunities for potential investments in Russian companies or assets, including Aluminum Corp. of China and China Minmetals Corp, China National Petroleum Corp. (CNPC), and China Petrochemical ...

Asian Infrastructure Investment Bank suspends Russia-related activities

Economy 03/08/22, 22:24

China-led Asian Infrastructure Investment Bank (AIIB) announced on Thursday, March 3 that it had suspended all Russia-related activities. This move came after Western countries cut off Russia's largest banks from the global interbank messaging system SWIFT following its evasion of Ukraine. Reuters reported that the Beijing-headquartered AIIB said that, for the ...

China faces severe economic challenges in 2022

Economy 03/08/22, 10:25

On March 4th, the annual meeting "Two Sessions" of China's top political bodies commenced in Beijing. These sessions' economic and legislative choices will serve as a road map for China's economic and social development in 2022 and are thus critical for any player in the Chinese market. However, China's economic ...

China seeks food supply independence from international markets

Economy 03/08/22, 10:16

President Xi Jinping says China can’t count on the international market to supply sufficient food for its population. In the Chinese People's Political Consultative Conference on March 6, he emphasized the priority of implementing its rural revitalization strategy, ensuring the domestic supply of important agricultural products, and focusing on improving comprehensive ...

China’s wheat crop could be worst in history: Minister of Agriculture

Economy 03/08/22, 10:07

According to Reuters, the Chinese Ministry of Agriculture last Saturday claimed that the condition of China's winter wheat crop could be the "worst in history," Tang Renjian (唐仁健), Minister of Agriculture and Rural Affairs, said the harvest of first-and second-grade wheat was reduced by more than 20%. Last year's unusually severe ...

Chinese top banking regulator announces China will not sanction Russia

Insights 03/04/22, 21:53

On Mar. 2, Guo Shuqing (郭树清), chairman of the China Banking and Insurance Regulatory Commission, stated in a news conference that China would not join in sanctions on Russia. Reuters quotes Guo as saying that "As far as financial sanctions are concerned, we do not approve of these, especially the unilaterally ...

First Chinese city eases second-home buying curbs

Economy 03/04/22, 17:32

In an attempt to rescue its property market, Zhengzhou, the capital of central Henan province, has become the first city in China to relax the curbs on second home purchases. The local authority has announced 19 measures to support real estate development. The notice guides financial institutions to provide more housing ...

Sri Lanka’s potential default, incurring China’s ‘debt trap’

Economy 03/04/22, 12:12

In January 2021, Russia and Ukraine accounted for more than a quarter of Sri Lanka's tourism source markets. Russia was also the second-largest buyer of Sri Lanka's tea in January. Both countries had increasingly become an essential source of foreign currency for Sri Lanka. However, under frozen tourism and blocked ...

China halts Russian coal imports over financial sanctions

Economy 03/03/22, 21:40

Chinese coal importers are holding back purchasing from Russia upon the mounting sanctions being imposed on Moscow. The buyers struggle to secure loans from state banks and trades have been suspended for the time being. Along with oil, coal prices have shot up this week after the Russian invasion. Newcastle coal ...

Was Xi Jinping really aware of Russia’s intention to invade Ukraine?

Economy 03/02/22, 19:34

On Feb. 25, VOA published an article analyzing Russian President Vladimir Putin's gamble on Ukraine. Among the interviewees, former CIA chief Daniel Hoffman and other former U.S. intelligence officials believe that Putin looked at the current state of the world and saw a chance to turn one of his long-held ...