FINANCE

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Chinese Internet Receives a Shock as Beijing Fines Top Influencers 90 Million Yuan
On Nov. 22, prominent Chinese internet celebrities Zhu Chenhui and Lin Shanshan were fined 90 million yuan (about $14 million USD) for alleged tax evasion, according to authorities. Chinese state-run media the People's Daily also...
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Alibaba Shares Plunge After Company Warns of Potential Slowdown
Shares of Chinese tech giant Alibaba have taken a hit after it reported a dismal performance for the quarter ending in September. The company’s net income declined by 87 percent year-on-year to 3.4 billion yuan...
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China Tech Stocks Showcase Poor Quarterly Performance
Some of the major Chinese tech stocks have announced their latest quarterly earnings. And the results are not up to the mark. With Beijing tightening regulations in the sector, these companies have struggled to post...
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9 in 10 Americans Are Worried About Inflation, But Solutions Are Limited
Americans across the country are bracing themselves up for a financially difficult holiday shopping season due to a spike in the prices of essential items in recent months. The prices of necessities like food, gas,...
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China Releases Strategic Oil Reserves Following US Invite
Oil prices have soared by over 50 percent in the U.S following the COVID-19 pandemic. Now the Chinese government has agreed to release strategic oil reserves following a virtual meeting between U.S President Joe Biden...
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US Navy Officer, Wife Who Conspired to Sell Equipment to China Face Up to 30 Years in Prison
U.S. Navy Lt. Fan Yang, a Naval Flight Officer trained in anti-submarine warfare, was found guilty of hiding the purchase of two firearms for his co-defendants Ge Songtao (51, Nanjing, People’s Republic of China). His...
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China Bought Out an Italian Military Drone Company in 2018 and Nobody Noticed
In order to advance its national, economic, and military goals, the People’s Republic of China (PRC) has resorted to using any means necessary to acquire intellectual property, technology, and trade secrets from around the world....
Amid Communist Pressure, EU Postpones Trade Plan With Taiwan
The European Union has decided to shelve a confidential trade plan that aims to increase trade relations with Taiwan. The postponement came at the last minute after Brussels was scheduled to announce the plan’s format...
Is China’s Coal Struggle Just a Means of Strengthening Government Control?
News analysis Since late August, 20 provinces in China have been experiencing power outages or rationing, severely impacting industrial production and people’s daily lives. Meanwhile, coal prices have continued soaring. According to the country’s National...