ECONOMY

Trading of Evergrande Shares Halted; Worries Concerning Chinese Property Market Deepen
On Oct. 4, Evergrande halted trading of its shares on the Hong Kong Stock Exchange (HKSE) pending a “major transaction,” which some believe involves Chinese state companies buying up portions of the firm’s assets.   Evergrande...
The headquarters of Merck in Darmstadt on November 22, 2019 in Germany. Merck’s antiviral COVID-19 pill, molnupiravir, was developed with $35 million in NIH and NIAID taxpayer funding at Emory University. Now, Merck is selling it back to the government at 35 times the cost of its generic counterpart.
The NIAID and NIH Financed Development of Merck’s COVID Pill, Now They’re Selling to Taxpayers at 3,500% Markup
Merck’s recently announced pill-based antiviral treatment for COVID-19 was researched and developed at a U.S. university using taxpayer funds. Now, the pharmaceutical giant is selling it back to the government at 35 times the cost...
Made-in-China Passenger Jet Comes With 40 Percent Foreign Components
The Commercial Aircraft Corp of China (COMAC) is set to deliver its first large passenger jet, the C919, to the plane’s first customer by the end of the year. Interestingly, around 40 percent of the...
evergrande-domino-effect-china
China’s Evergrande Crisis Could Lead to a Massive Domino Effect in Real Estate
Commentary by Cheng Xiaonong An overarching illusion about China's prosperity concerns the "construction boom" brought about by China's real estate bubble. The bubble is expected to burst eventually, but no one would have expected the...
Tattoos for Tacos: Mexican Restaurant’s Free Meal Deal for Permanent Wearers of Their Logo
While there is no such thing as a free lunch, exceptions to the rule may apply. One small San Francisco restaurant offered free meals for life to those who were willing to wear their logo,...
Chinese Manufacturing Sector Weakens, Power Crisis Remains a Major Threat to Factory Output
China was said to have made a strong economic recovery following the damage unleashed by the COVID-19 pandemic however, the latest manufacturing data and a host of other issues ranging from severe power cuts and...
Hundreds of Chinese Companies Might Soon be Delisted From American Stock Exchanges
Chinese firms have long secured funding from American capital markets without proper checks and balances. Such activities are heading towards their end as the U.S. implements new rules to hold foreign companies, raising capital from...
China Fails to Boost Purchase of US Goods and Energy in Contravention of US-China Trade Deal
Katherine Tai, the United States Trade Representative (USTR), is expected to declare on Oct. 4 that China is failing to fulfill its Phase One trade deal commitments agreed on between the U.S. and China during...
Surfers wait at Huntington Beach, California on September 25, 2021 as a container ship waits offshore. The western world is facing a major supply chain problem heading into the Christmas season that could be fueling record inflation.
US Supply Chain Under Pressure as Ships at California Ports Face 4-Week Unloading Time
As Christmas rush approaches, the North American supply chain is under pressure with ports in California and New York have ships waiting as long as four weeks to unload their cargo.  An Oct. 1 article...