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CHINESE ECONOMY
In a move aimed at countering China's rampant export of its excess industrial capacity, U.S. President Joe Biden proposed a hefty tariff increase on Chinese steel and aluminum. The proposal came on April 17 while he addressed union workers in Pennsylvania. If approved, these imports could see their tariffs “tripled,”
Another Chinese Real Estate Developer Files for Bankruptcy Protection in US Court
According to court documents reviewed by Reuters, yet another Chinese real estate developer has filed...
Police Detain Evergrande Wealth Management Staff in Latest Blow to Embattled Property Developer
Several employees of Evergrande’s financial subsidiary, Evergrande Wealth Management, have been detained...
Awaiting Extradition, Chinese Billionaire Alleges Deep Fraud in CCP’s Belt and Road Initiative
BANGKOK, Thailand — She Zhijiang (佘智江), a Chinese billionaire magnate currently detained by the Thai...
US Officials Highlight Depth of China’s Economic Crisis
Following meetings with their counterparts from the People's Republic of China (PRC), officials of the...
From Evergrande to Country Garden: How China’s Property Titans Mirror Broader Economic Woes
As the world's second-largest economy continues to brace against significant stress in its property sector...
Deaths Among ‘Outstanding Party Members’ Rise as COVID-19 Resurges Across China
China has seen another upswing of deaths among prominent members of the Communist Party, as evidenced...
Evergrande’s Hengda Real Estate Group Under Probe for Allegedly Breaking Information Rules
On Aug. 16, China’s Evergrande Group suffered a blow after one of its units, Hengda Real Estate Group...
China Plans 1.5 Trillion in Financing to Prop Up Debt-Swamped Local Governments
Beijing is planning a move to alleviate some of the pressure on debt-laden local governments involving...
China Launches Retroactive Investigations Into Healthcare Sector Corruption
Various healthcare-related departments in China are undergoing a one-year probe by the country's National...