ECONOMICS

3 Key Factors Behind the Solomon Islands Anti-China Riots
The Solomon Islands, a country in the southwestern Pacific Ocean home to roughly 680,000 people, has faced civil unrest in recent months. Violent protests broke out in late November after Prime Minister Manasseh Sogavare was...
China Mass Testing
China Fights New COVID-19 Waves in Zhejiang and Xi’an, Quarantining Thousands
Recently, the epidemic situation in the cities of Ningbo, Shaoxing and Hangzhou in southeastern China’s Zhejiang Province has intensified with the area’s first major COVID-19 cluster this year.  As of mid-December, hundreds of thousands of...
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US-listed Chinese Companies Lost $600 Billion This Year
According to the U.S.-China Economic and Security Review Commission, there were 248 Chinese companies listed in various American exchanges in May. These firms had a total combined market cap of $2.1 trillion. Now, the value...
chinese clothing factory in jiangsu province
Layoffs Increase in China as Multiple Industries Get Hit By Tougher Regulations
Over the past year, Beijing has imposed a plethora of regulations on industries ranging from tech, finance, education, property, and gaming. While China’s decisions have rattled global markets and investors alike, President Xi Jinping sees...
One hundred Chinese yuan banknotes.
Chinese Central Bank Slashes Main Interest Rate Amidst Economic Pressure
On Dec. 20, the People’s Bank Of China (PBOC) announced a five-basis point cut in its one-year Loan Prime Rate (LPR), taking it from 3.85 percent to 3.80 percent. Though the rate cut is small,...
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American Families Struggling Under Weight of Inflation
Last month, the rate of inflation rose by 6.8 percent, the highest jump in around four decades. Families in America are now getting stressed out by the ever-increasing prices of goods and services. According to...
Florida Governor Ron DeSantis recently signed Senate Bill 7072 to combat Big Tech censorship practices. He spoke at a campaign rally for the US president at Pensacola International Airport in Pensacola, Florida on October 23, 2020.
‘A Big Failure for the United States’: Florida’s DeSantis on Investing in China
Florida Gov. Ron DeSantis and his administration announced on Dec. 20 that they would move to take control of the state’s sizable retirement funds away from private asset managers who invest heavily in Communist China. ...
Viya tax evasion
Beijing Demands $210 Million From China’s ‘Queen of Live Streaming’ Viya
Chinese tax authorities have hit live-stream shopping influencer Huang Wei, known to her fans as Viya, with an unprecedented 1.34 billion yuan (US$210 million) penalty for tax evasion and ordered her to refrain from rejoining...
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China Clamps Down on Starbucks, Tesla as It Encourages Boycotts of International Brands
By Tianzi Yang A report published on Dec. 14 described a Chinese reporter trying to expose food safety problems at a Starbucks in Wuxi, a city near Shanghai. News of the report was seen trending...