The Chilean steel company Huachipato, which this Wednesday announced the indefinite suspension of its operations, is the latest “victim” of Chinese steel, which for a few years has been flooding the Latin American region and has forced large producers such as Brazil or Mexico to shield themselves with duty antidumping. Located in the southern city […]
Tag: Chinese companies
The EU agrees the largest single sanctions against Russia and includes Chinese companies
The European Union (EU) reached a political agreement this Wednesday to impose a new round of sanctions against Russiathe thirteenth since it invaded Ukraine on February 24, 2022, which will be formally approved on the second anniversary of that conflict and which includes the largest group of those sanctioned in a single batch and also […]
China denounces surprise US investigations into Chinese companies
The Ministry of Commerce of China today condemned the surprise investigations that US authorities have carried out in Chinese companies based in USA. “These actions have disrupted Chinese companies and entrepreneurs, seriously affecting normal business operations and undermining public confidence.”s chinese companies that consider investments in the US”, the spokesperson for the commercial portfolio stated […]
US Senate leader accuses Chinese companies of “fueling” fentanyl crisis
The Democratic majority leader of the United States SenateChuck Schumer, accused on Saturday from Shanghai chinese companies of “fuel the crisis fentanyl”, which has caused the death of thousands of people in their country due to overdose. A delegation of US senatorsheaded by Schumer, arrived this Saturday at China at a time when both powers […]
Tightening security policies complicates business in China
do business in China it has become more difficult and potentially more dangerous, given the priority the government places national security above all else, despite insisting that the country is open for trade. At the end of March, the authorities received executives in beijing to tell them that “they are not foreign visitors, but family”, […]
Safeguards would have been stopped by lobbyist pressure
The president Dina Boluarte promised the mypes of Gamarra that, through Indecopi, a new investigation will be launched ex officio on the impact of Chinese garments in the national market to find solutions that curb unfair competition. The announcement was made on March 27 and, despite guaranteeing a reunion as soon as possible, there are […]
China gives top economic priority to boosting domestic demand
Top leaders, including President Xi Jinping, agreed to pursue stronger fiscal policy as well as a forceful monetary policy stance to ensure liquidity “wide” in the banking sector after concluding a meeting in which economic policy priorities for the coming year were established, state broadcaster CCTV reported on Friday. They also pledged to help private […]
Chinese companies helping Russia could be cut off from US equipment, Commerce secretary says
Updated on 03/09/2022 01:42 pm Chinese companies that defy restrictions against exporting to Russia could be deprived of the US hardware and software they need to make their products, US Commerce Secretary Gina Raimondo said. The United States could “basically shut down” Semiconductor Manufacturing International Corp or any Chinese company that defies US sanctions for […]
Chinese ADR flow to Hong Kong grows amid regulatory offensive
The migration of US-listed Chinese companies to Hong Kong is accelerating as regulators on both sides of the world have stepped up their oversight in recent months. Chinese tech stocks in the United States have wiped $ 1 trillion from their value since their peak in February. The offensive culminated in the announcement by Didi […]