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ECONOMICS

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Cargo Containers: A Closer Look at the Box that Blocks Our Supply Chain
Cargo containers can be seen in practically every cargo ship across the seas and oceans, as today’s worldwide shipping network is dependent on these huge metal boxes to deliver goods from one country to the...
2022-01-10
Chinese Phones Sold in Taiwan Accused of Content Censorship, Users’ Private Data May Be Tracked by Beijing
After the Lithuanian Ministry of Defense revealed that the Mi 10T 5G smartphone sold by Chinese company Xiaomi in Europe 2021 could censor approximately 450 words and phrases, the Taiwan National Communications Commission of Taiwan...
Economically Challenged Sri Lanka Asks China to Extend Loan Repayment Programs Amid Financial Crisis
The president of Sri Lanka has asked Beijing to restructure its debt repayments as part of efforts to help the South Asian country navigate a worsening financial crisis. President Gotabaya Rajapaksa made the request during...
France Backs Lithuania After Beijing Orders Embargo on Lithuanian Goods Over Vilnius’ Support of Taiwan
In a move of solidarity, France has urged the EU to show a united front against China over an escalating trade conflict over Lithuania. As it takes over the rotating presidency for the EU’s Council,...
Asian Trade Bloc Looks to China as RCEP Aims to Invigorate a Struggling Regional Economy
Members of a China-centered Asian trade bloc hope the initiative will help stimulate local economies following crippling losses sustained during the pandemic.  The Regional Comprehensive Economic Partnership (RCEP) includes 15 countries in the Asia-Pacific region...
China’s Central Bank Launches Digital Currency App
In an ambitious push to expand its digital currency, China’s central bank has launched a trial version for its digital yuan via a wallet app.  The app is now available on China’s Android and iOS...
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Consumer Spending Remains a Big Challenge For the Chinese Economy in 2022
In the past few months, sluggish consumer spending has negatively affected China’s economic growth. Some experts feel that such spending will remain a big challenge for China in 2022 as well. Consumption is one of...
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Xi’an Sets Up Makeshift Hospitals to Contain Outbreak; Residents Complain of Food Shortages Under Lockdown
The COVID-19 outbreak in Xi'an city has become increasingly severe. According to videos and photos posted on Twitter, Xi'an constructed the "Fang Cang (mobile Cabin) Hospital" practically overnight.  These are quarantine buildings like those that...
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Chinese Military Deploys Troops as Xi’an Outbreak Worsens
Authorities report only a handful of COVID cases, but locals suspect the real concern is rodent-spread hemorrhagic fever Around 150 medical staff from the People’s Liberation Army (PLA) air force have been dispatched to Xi’an,...