China’s anti-corruption body participates in probe of Jack Ma-led Ant Group

Insights 04/14/22, 23:57

Bloomberg News on Wednesday, April 13, reported that Beijing’s Central Commission for Discipline Inspection (CCDI) has been taking part in the probe of Jack Ma’s fintech empire Ant Group and its connection with state-owned firms. Citing people familiar with the matter, the report said the anti-corruption watchdog was inspecting Ant’s influence ...

Chinese J-11 fighter jet intrudes Taiwan’s ADIZ

China 04/14/22, 23:45

A Chinese Shenyang J-11 fighter aircraft flew into the southwest corner of Taiwan's air defense identification zone (ADIZ) on Wednesday, April 13. In response, the Ministry of National Defense of the Republic of China (MND) said that the dispatched Civil Air Patrol (CAP) aircraft issued radio warnings, and deployed air defense ...

China’s crude oil imports continue to fall in March

Economy 04/14/22, 22:26

In March, China's crude oil imports dropped for a third consecutive month as major state-run refineries were under maintenance and independent refiners limited purchases due to their shrinking margin.  Reuters, citing data from the General Administration of Customs, reported on Wednesday, April 13, that China imported 42.71 million tons of crude ...

Ukraine war: Chinese oil giant prepares to exit West over sanction fears

China 04/14/22, 22:16

Reuters reported from industry sources on April 13 that China's top oil producer, China National Offshore Oil Corporation (CNOOC), is preparing to withdraw its operations in Britain, the U.S., and Canada due to its concerns over Western sanctions. A senior industry source told the outlet that CNOOC wants to sell "marginal ...

Shanghai faces medical supply crisis

News 04/13/22, 23:14

Shanghai has adopted severe lockdown measures to deal with the Omicron. A lockdown has kept roughly 26 million residents inside their homes. According to Chinese Caixin, the demand for medicines from patients has increased. Shanghai has been closed and controlled for days, and the number of sick people continued to spike ...

China deploys another batch of weapons to Serbia amid heated concerns

China 04/13/22, 22:54

China delivers a sophisticated anti-aircraft system in a veiled operation to Serbia this weekend, with a total of 12 transport planes provided in two batches. The events occur amid Western concerns that an arms buildup in the Balkans during the heated time of the Russia-Ukraine war could jeopardize the peace in ...

Huawei considers retreat from Russia amid sanction risks

Insights 04/13/22, 22:47

According to Forbes Russia, Chinese telecom giant Huawei Technologies Corporation has furloughed some local employees after suspending new contracts with operators. The publication citing sources reported that a portion of Huawei’s workforce in the Moscow office was put on a leave of absence for at least a month in April. The company ...

Apple assembler Pegatron halts production at 2 Chinese plants

Economy 04/13/22, 22:33

Pegatron Corporation, Apple's second-largest iPhone foundry, said on Tuesday, April 12, that its plants in China's Shanghai and the neighboring city of Kunshan have suspended production to comply with COVID-19 restrictions. According to Nikkei Asia, Pegatron makes about 20% to 30% of Apple iPhones. On Monday, April 11, Shanghai loosened its lockdown ...

U.S. orders Consulate staff to leave Shanghai rather than voluntary departure

China 04/13/22, 22:30

The U.S. State Department, on Tuesday, April 12, ordered the departure of all non-emergency Consulate staff and their families from Shanghai, citing the ongoing COVID-19 outbreak in the city. A U.S. statement published by the U.S. Embassy and Consulates in China Tuesday said, "The movement from 'authorized' to 'ordered' departure means ...

India investigates local Xiaomi on fund flows with its parent entity, report

Economy 04/13/22, 22:11

India's federal financial-crime fighting agency is probing the local unit of China's Xiaomi Corp over its compliance with Indian foreign exchange law. Reuters reported on Apr 13 that the Enforcement Directorate of India is checking fund flows between Xiaomi India and its parent entity, including royalty payments. The agency has summoned Manu ...

Tom Cotton demands explanation on decision to lift tariffs on Chinese goods

China 04/13/22, 16:38

Following the announcement by Katherine Tai, United States Trade Representative (USTR) of the Biden administration, on the elimination of Section 301 tariffs on more than 350 Chinese-made products imported into the United States, Senator Tom Cotton sent a letter to the USTR requesting that they explain their decision. Cotton, in his ...

Surgeons declare healthy prisoners ‘brain dead’ before carving them up: Study concludes

News 04/13/22, 04:40

Medical specialists misdiagnosed patients as profoundly unresponsive and extracted their organs while still alive. This is the shocking conclusion researchers reached after completing a thorough investigation. The Australian National University recently published what is claimed to be the world's first study exposing the Chinese Communist Party's (CCP's) transition away from executing ...