ECONOMICS
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,”
‘Zero-COVID’ Lockdown in Shanghai Compounds Xi’s Political Dilemma
News analysis Over the past two years, cities and entirely provinces in China implemented economically...
China’s Online Retailer Firm JD.com Expands Layoffs as Economy Worsens
As Beijing’s regulators turn up the heat on a heavily saturated internet sector, adding financial pressure...
US Government to Exempt 352 Chinese Goods From Reinitiated Tariffs
The Biden administration announced on March 23 that it had moved to reinstate tariff exemptions on more...
Russia Says China Is Not Supplying Airplane Parts Following Sanctions, Airlines in Jeopardy
As Russia increasingly looks to China to help alleviate the crushing weight of unprecedented sanctions...
China Represses Another Agricultural Firm: 13 Years in Jail for Xiangda Chairman
Zhang Dewu, chairman of the Xiangda Group, has been sentenced to 13 years in prison under several charges...
China Considers Buying Into Russian Energy Amid Growing Economic Challenges and COVID Lockdowns
Financial news analysis China’s ambitious economic growth target for the year is already being questioned...
Amateur Chinese Investors Frenzy Buying Sino-Russian Stocks, Bet on Trade Boost Between Both Countries
Amateur retail investors in China are driving a rally in so-called “Sino-Russian trade concept stocks...
Russia Turns to Chinese Services as Mastercard, Visa, American Express Cancel the Kremlin
While China’s banks and its homegrown payments system could offer Russia a much-needed respite from crippling...
Is China the Real Winner of the Russia-Ukraine War?
News analysis Early in the morning of Feb. 24, the Russian Federation launched a “special military...