Faced with the return of the pandemic and the fall of the markets, China had to promise that it would support the activity, even if it means changing the course of its economic policy. “Concrete measures must be taken to strengthen the economy in the first quarter”: this phrase, pronounced on Wednesday after a government […]
Tag: China
China will maintain its “zero COVID” strategy to curb contagion
Chinese President Xi Jinping ordered Thursday to continue the government’s “zero COVID” policy against the pandemic, at a time when the country is facing its worst epidemic rebound since the first wave in 2020. “We must continue to put people and life first, always stick to scientific precision and stop the spread of the epidemic […]
Global fight for chips is about to get worse
Magdeburg, in the former East Germany, is famous for its imposing Gothic cathedral, and not much else. Now it is poised to play a key role in US and European efforts to tip the balance of power in the world. Intel Corp. unveiled plans on March 15 to build a giant 17 billion euro ($18.7 […]
US accuses China of harassing Chinese dissidents based on its soil
The United States accused China of harassing Chinese activists based in its territory. “The United States will not tolerate flagrantly illegal actions that target American residents, on American soil, and undermine our cherished American values and rights.said US Attorney Breon Peace, who announced charges against five men. Peace reported “three cases (involving) campaigns to silence, […]
Russia and China are working on a solution to block the Swift system, says Russian lawmaker
Updated on 03/16/2022 12:24 pm Russia and China are working to establish cooperation between their respective financial messaging systems, a Russian lawmaker said, as Russia faces tough Western sanctions on its financial system. Several Russian banks have been banned from the Swift international payments network over the Ukraine invasion, hampering their efforts to move money […]
Chinese government promises support for real estate and technology companies
Updated on 03/16/2022 10:53 am The Chinese government on Wednesday tried to reassure nervous investors with promises of support for real estate and technology companies after regulatory measures sent share prices plummeting. Regulators should issue market-friendly policies to “invigorate the economyofficials said at a cabinet meeting chaired by Vice Premier Liu He, President Xi Jinping’s […]
Supply crisis threatens global economy as China fights COVID
The global economy, already struggling from the war in Ukraine and the risks of stagflation it is causing, is bracing for further disruption as China struggles to contain its worst COVID-19 outbreak since the start of the pandemic. . Since the Wuhan episode two years ago, China has been relatively successful in minimizing disruption by […]
The Chinese media, a sounding board for the Russian version of the war in Ukraine
As the war in Ukraine spreads, the official Chinese media presents its own version of the Russian invasion, based largely on the rhetoric of Vladimir Putin. Since the February 24 intervention, the Chinese regime has refused to use the word “invasion” and blames the conflict on Western countries and the “expansion” of the NATO. China […]
Can China give military aid to Russia?
The United States says that Russia has asked China for military help for its war in Ukraine and that China has responded in the affirmative. Moscow and Beijing have denied this, with a Chinese spokesman calling the allegation “disinformation.” However, the complaints have generated speculation about how far he would be willing to go. Beijing […]
Chinese stock sell-off evokes memories of 2008 crisis
The sell-off in Chinese stocks intensified on Tuesday. Concerns about the nation’s ties to Russia and persistent regulatory pressure sent a key index down to the lowest level since 2008. The Hang Seng China Enterprises Index, which tracks Chinese stocks traded in Hong Kong, slumped 6.6%, following a drop in the previous session that was […]