Why do many Chinese billionaires end up tragically?
Despite the trade war with the U.S. and the global economic stagnation due to the COVID-19 pandemic, in early 2021, China overtook the U.S. to become the first country with more than 1,000 billionaires. China's economic boom during the past few decades has created a new super-rich class, with famous names ...
3 signs that could show the end of China’s Zero-COVID policy: experts
After China's 20th National Party Congress, there was a lot of heated talk about the Zero-COVID policy. When will Beijing ease this costly COVID approach that has lasted since the beginning of the pandemic? This is the question that intellectuals and experts from all over the world are asking. Robin Xing, the ...
China’s Huawei halts long slide under US ban, but still lags behind competitors
China's tech giant Huawei recorded modest revenue growth for the second quarter on Thursday, October 27, reflecting that U.S. sanctions have a less severe impact on its business. However, it's still far from its peak when the once giant faces fierce competition from rivals. According to Reuters, Huawei posted revenue of ...
The US is completely at fault in its relationship with China, says CCP official
China's Ministry of National Defense held its monthly press conference on October 27, 2022. The meeting occurred after the Chinese Communist Party (CCP) finished holding its 20th Congress. The press conference showed that U.S.-China relations would continue to freeze after the CCP congress. Beijing believes it has not made any mistakes ...
Can the US stop China from developing semiconductors? Here is how
The U.S. can easily use its strength in critical areas of the semiconductor supply chain to slow China's development of advanced chips. This is the conclusion reached by the Wall Street Journal after analyzing the layers of the global chip supply chain where the United States currently has an overwhelming influence ...
Old challenges besieges China’s new economic planners: expert
China's markets and economy are moving ahead. Even though there is a new financial team, it doesn't do much to fix the problems that make the economy look like a sinker. That's according to Daniel Moss, Bloomberg analyst. Management is changing hands for the $17 trillion economy. After the 20th Communist ...
US continues buying banned Chinese technology that threatens national security
Following actions taken in 2019, by former President Trump, on banning the government's use of Chinese technologies, which breach national security, a new report finds that the measure is not enforced. On October 26, Georgetown University's Center for Security and Emerging Technology reported that at least 1,681 state and local entities ...
South Korea’s chip giant SK Hynix might consider moving memory chip production out of China
According to Nikki Asia, South Korea's chip giant SK Hynix said on Wednesday that it might consider moving its memory chip production facilities out of China in case U.S. export controls restrictions hit its operations there. SK Hynix Chief Marketing Officer Kevin Noh said during the company's earnings call, "As a ...
Shunned by China, Australian economy remains buoyant
Two years ago, China imposed punitive sanctions against Australia. The results did not go as Beijing may have expected. In 2020, the Australian government upset its largest trading partner by demanding an investigation into COVID-19 origin. In response, Beijing slammed sanctions on commodities from coal to barley, lobsters, and wine. Australia's trade ...
State media said that young Chinese people ‘look down’ on the West; What is the truth?
The Chinese Communist Party (CCP) mentioned a state media poll at the CCP's 20th National Party Congress. The results show that Chinese youth no longer prefer Western countries and values, even looking down on them. This poll was published in The Global Times on October 21. Accordingly, respondents who previously "looked ...
Xi hailed C919 civil aircraft developers as “heroes”, despite the ‘bitter’ truth behind
The first Chinese-made C919 large passenger plane is expected to be delivered to China Eastern Airlines in December. According to CNA, the C919 is considered an important milestone in realizing China's regime's dream of civil aviation aircraft localization. The Chinese Communist Party (CCP) attaches great importance to the C919 development project. The CCP’s ...
Credit rating agency downgrades Fosun International amid assets sales concerns
Credit rating agency Moody's on Tuesday, October 25, downgraded China's Fosun International by one level and adjusted the firm's outlook from "ratings under review" to "negative" as investors were concerned over the firm's asset sales. According to Reuters, the downgrade move from Moody's came as the Chinese conglomerate announced last week ...
Netherlands investigates China-run police stations after local reports
Dutch broadcasters RTL Nieuws and Follow the Money reported the presence of undercover Chinese police stations in Amsterdam and Rotterdam this week. The offices mask themselves as Chinese service centers, which help the Chinese handle documents such as driver's licenses and passport renewal. Behind closed doors, their other purpose is allegedly ...
Possibility of China invading Taiwan increases after Xi’s victory at 20th Congress
Xi won an absolute victory at the Chinese Communist Party (CCP)'s 20th Congress. All members of CCP's Politburo Standing Committee are Xi loyalists. According to The Guardian, Xi's hold on power unchecked for the next term could add to the risks for Taiwan. The possibility of this island being invaded by ...
Famous Hong Kong singer under CCP surveillance dares to sing to God
The famous Hong Kong singer-songwriter GEM (Get Everybody Moving) released her new album in September, challenging the Chinese Communist Party (CCP) by singing to God, not communism. Since the CCP took control of Hong Kong, freedom of expression has suffered a severe blow. However, the singer GEM, whose real name is ...
Elon Musk reported as being indirectly involved in military actions against Taiwan
It is said that in critical moments you can recognize friends and foes. That may be what Taiwan is wondering about billionaire Elon Musk, owner of Tesla and now the owner of Twitter. According to senior NATO intelligence officials, in Beijing's military blockade of Taiwan that occurred last August, there was ...
The Role of China’s Communist Regime in Transnational Crime
On October 27, a report, "Made in China: China's Role in Transnational Crime and Illicit Financial Flows," was presented by the U.S. think tank Global Financial Integrity. Their research concludes that criminal groups work alongside the Chinese Communist Party (CCP) in the transnational trade of drug trafficking, human and animal ...
Xining repeats the city lockdown tragedy
The Chinese Communist Party's (CCP's) resolute "zero-COVID" policy had repeatedly created tragedies when significant cities were in lockdown. A few days ago, people in Xining, the capital of Qinghai province, China, appealed for help online, accusing the CCP of starving many people in the isolated area and not allowing them ...
US legislative elections under siege from the Chinese Communist Party
Media specializing in cybersecurity at a global level, such as the portal, Mandiant, assured that since September 2022, the United States has been under siege by a pro-Chinese communist group that exercises cyber-terrorism. "Dragon Bridge, is the multinational criminal group in charge of sabotaging the legislative elections to the U.S. Congress ...
With Xi at the helm, CCP reaffirms ties with Russia, calls for diplomacy for Ukraine
In a phone call with Russian Foreign Minister Sergey Lavrov, China reaffirmed its alliance with Russia. "Any attempt to block the advance of China and Russia will not succeed," the Chinese foreign minister told Lavrov. It was China's first telephone communication with another country following the conclusion of the 20th Chinese ...
