In a country that not long ago counted Buick and Chevrolet as two of the most popular foreign brands, GM’s profits and market share have tumbled, so much that, like other multinationals, the company’s …
Monthly Archives For December 2024
Mainland China sanctions 13 US companies over weapons sales to Taiwan
Mainland China has targeted small- to mid-sized American drone manufacturers and service providers in its sixth round of sanctions on US defence companies this year. In protest against US arms sales …
China Announces Countermeasures Against US Amid Tensions Over Taiwan
The largely symbolic sanctions are retaliation for the latest U.S. arms sale being considered for the island democracy.
Will China’s “green Great Wall” save it from encroaching sands?
Some of the people meant to benefit from the green wall have been alienated by it. Farmers grumble that they are forbidden to plant cash crops on land set aside for the project. In 2017…
Fresh doubts about China’s ability to invade Taiwan
Mr Xi has long resorted to purges to consolidate his grip on the People’s Liberation Army ( PLA ), and other levers of power, promising to go after all ranks—“tigers and flies” alike. Admiral Miao…
China had fewer billionaires in 2024 due to turmoil in property, financial markets: UBS
It said 132 people dropped off the list, 42 new billionaires were minted and three moved away. The total wealth of these billionaires decreased by 20 per cent to about US$1.4 trillion. “Many of the…
Residents evacuate after Shenzhen ground collapse
Workers and residents near a construction site in Shenzhen had to evacuate their homes and workplaces following a sudden ground collapse. Thirteen
Beijing Has Picked Off Taiwan’s Remaining Allies. Taiwan Is Fighting Back.
President Lai Ching-te talked to House Speaker Mike Johnson in Guam while en route to Palau, the last of Taiwan’s three Pacific-nation allies.
China Slaps Sanctions on 13 U.S. Defense Firms
The largely symbolic move is in response to the Biden administration’s latest arms sales to Taiwan, the island democracy that China considers its own.
China’s Xi stresses need to fight graft in military
China’s President Xi Jinping stressed the need to enforce discipline and fight corruption in the military, as well as boost information warfare capabilities, state broadcaster CCTV said on Thursday.
NJ companies stockpiling imports to avoid Trump’s promised China tariffs
Some North Jersey firms are already stockpiling raw materials such as steel and copper to avoid the spike in costs from Trump’s promised new tariffs.
Senior China Adviser Questions True State of Economy
China’s reported GDP growth doesn’t add up when considering consumption rates and other key metrics, the economist argues.
Chinese buyers slash Canadian canola imports on fears of anti-dumping duty
Chinese importers are scaling back purchases of Canadian canola with shipments from December likely to plunge as most buyers are reluctant to sign new deals for fear that Beijing could impose retaliatory anti-dumping duties.
