China Business & Economy

By Jennifer Bateman Yangtze River Automobile Group, a Chinese electric vehicle (EV) manufacturer, recently declared bankruptcy. The company was once called Asia’s largest new energy vehicle manufacturer, and had acquired land…

By Shawn Lin The founder of Chinese technology giant Huawei, has reportedly told the company to brace for “survival” amid the grim global economic outlook, according to a leaked internal memo. Once…

Expert says authorities are preventing capital outflow By Olivia Li News Analysis Many banking customers in China’s Shenzhen city took to social media earlier this month, claiming they couldn’t withdraw cash or…

By Reuters CHONGQING, China—As the tinder-dry countryside along China’s Yangtze river basin withers under a heat wave that has lasted more than two months, veteran farmer Chen Xiaohua recalled the last severe…

By Reuters Russia held its spot as China’s top oil supplier for a third month in July, data showed on Saturday, as independent refiners stepped up purchases of discounted supplies while cutting shipments from rival…

CCP policy behind the fall of Chinese property giants By Kathleen Li Amid the real estate debt crisis, China Evergrande Group and two other Chinese property giants have fallen from the 2022 Fortune…

By By Naveen Athrappully The People’s Bank of China (PBOC) surprised markets by cutting a key interest rate for the second time in 2022 as the country’s economy struggles to grow. The central…

By Nicole Hao The Chinese regime announced on Aug. 8 the first COVID-19 outbreak in Tibet since 2020. Authorities closed off part of the Tibetan capital Lhasa and mass-tested residents in three cities on Aug. 9 to…

By Anne Zhang News Analysis China has set up a new state-owned group in charge of centralized iron ore procurement to increase its bargaining power in the international market. China’s iron ore demand is…

By Nicole Hao Chinese authorities locked down at least nine cities on the tourist island of Hainan on Aug. 8 as a COVID-19 outbreak was detected. Over 80,000 tourists and six professional soccer teams are…