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BUSINESS

4 Factors to Watch in China’s Latest Economic Stagnation

Given China’s tightened real estate market and the newest spread of COVID-19, quarterly data due to be released on Jan. 17 will likely show a drastic drop in economic growth.
A woman wears a protective mask as she walks past the People's Bank Of China (PBOC) on Financial Street, April 17, 2020 in Beijing, China. China's gross domestic product (GDP) stood at 20.65 trillion yuan (about 2.91 trillion U.S. dollars) in the first quarter of 2020 amid COVID-19 impact, down 6.8 percent year on year, according to data from the National Bureau of Statistics (NBS).

China Targets KFC, Starbucks in State-led Crackdown on International Brands

In a recent wave of boycotts seen in China, KFC has found itself as the latest target after being accused of food waste amid growing concern over food safety regulations
Fed up, German Companies Leaving China Due to ‘COVID Zero’ Policy
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Chinese Phones Sold in Taiwan Accused of Content Censorship, Users’ Private Data May Be Tracked by Beijing
2022-01-10
Economically Challenged Sri Lanka Asks China to Extend Loan Repayment Programs Amid Financial Crisis
France Backs Lithuania After Beijing Orders Embargo on Lithuanian Goods Over Vilnius’ Support of Taiwan
Asian Trade Bloc Looks to China as RCEP Aims to Invigorate a Struggling Regional Economy
China’s Central Bank Launches Digital Currency App
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Pfizer Calls the Shots When It Comes to Government Vaccine Contracts
Pharma giant Pfizer-BioNTech reportedly dictates the governmental vaccine deals it engages in. According to a consumer rights watchdog report, the company has the power to influence governments, supply chains, and consumers. The common theme of...
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Debt-Besieged Evergrande Wins Small Triumph With US$83-Million Bond Payment
With more than $300 billion in outstanding debt, the Chinese real estate giant is by no means out of the woods  Shenzhen-based Chinese real estate company Evergrande narrowly avoided a default on Oct. 21, making...
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Offshore Investors in Trouble as Evergrande Favoring Domestic Obligations
With liabilities of more than $300 billion, China’s Evergrande Group is the one of most indebted property developers in the world. Having failed to make payments on some of its debts, Evergrande is making offshore...
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The Silent Influence of the ‘China Model’ on US Economic Policy
Most analyses of the Chinese economy belong to one of two types: those that come from the venture capital industry and those created by think tanks. The venture capitalists are pessimistic about the Chinese economy’s...
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COVID-19 Crisis Fans Inflation of Food Prices, Rent, and Fuel
Consumer prices rose 8.6 percent last year induced by skyrocketing energy tariffs that are further hampering supply chains caused by understaffing due to stiff COVID-19 regulations and soaring sick leaves. The US Bureau of Labor...
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FDA Weighs Endorsing a Johnson & Johnson Booster Shot
On Oct. 13, U.S. drug regulators said a second shot of Johnson & Johnson’s single-shot COVID-19 vaccine could bolster people’s protection against the disease, but regulators did not have enough time to analyze the data...
Southwest Airlines Cancels More Than 1800 Flights; Blames Air Traffic Control Issues, Weather
Since Friday, Southwest Airlines has canceled more than 1800 flights, igniting speculation about a massive walkout of staff after the company announced mandatory vaccination for all employees. Instead, Southwest blamed the cancellations on the weather,...
A contact tracing QR code is seen at the entrance of a restaurant in Sydney on July 13, 2021. Rashays, a 27-location chain based in Sydney, says it will not reopen its doors when the New South Wales government relaxes restrictions on Oct. 1. Instead, Rashays will wait until Dec. 1 when vaccine passports are scheduled to be scrapped entirely. Co-founder Rami Ykmour said his company expects to lose $10 million during the delay, but feels the sacrifice is worth it for their business values.
Australian Restaurant Chain Expects to Lose $10 Million to Postpone Reopening Until ‘It’s a One-tier Society’
A 27-location restaurant chain in Australia’s New South Wales (NSW) state will remain closed after the government relaxes Coronavirus Disease 2019 (COVID-19) measures on Oct. 11, waiting until the so-called “Freedom Day” where the government...
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...