Category: Business
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China to penalize US, EU; may hike 25 percent car tariff
China has successfully taken control of majority of EV cars and battery manufacturing market. But the US and the EU are prepping its chances of upping its game in the EV sector by manufacturing maximum cars lead by the US automaker Tesla. Lately the United States and the European Union has taken note of malicious…
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From Steaming Hot to Lukewarm: ChaPanda’s IPO Fails to Impress Hong Kong
The sectors of consumer durables, consumer non-durables, and business products in China are currently experiencing a downturn. This economic slump is not confined to mainland China but is also impacting Hong Kong, an international region under China’s jurisdiction, where the repercussions of China’s economic deceleration are distinctly visible. Sichuan Baicha Baidao, a renowned low cost…
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Forced labour still haunts Xinjiang: Chinese fashion retailer faces boycott amid allegations of exploiting Uyghurs
The Save Uyghur Organization, which is powered by Chicago-based human rights organisation ‘Justice for All’, has started a boycott campaign against Chinese online fast-fashion retail Shein alleging it is involved in the forced labour of Uyghur Muslims in China. ‘Justice for All’, advocates for stopping “China’s genocide of the Uyghurs and other Turkic people of…
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Concern in the South China Sea: Filipino fisherman are prevented from entering Huangyan island by the China Coast Guard
The China Coast Guard recently stopped a group of Philippine fishermen from trespassing into Huangyan island. Footage released over the weekend shows the group of fishermen standing on the reef of the island and illegally collecting seashells. The incident occurred in mid-January. Experts say such actions are damaging to the ecological environment and the coral…
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China’s 996 culture leading to subtle enslavement of the working population
China’s economic prowess, which has elevated its global stature in terms of global finances, has nonetheless come at the expense of regressive work culture and labour exploitation practices. The infamous 996 work culture has devasted the working populations mental and physical health apart from also drawing comparisons to modern enslavement strategies. The term 996 is…
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China bans mangoes, punishes Taiwan for independence
China’s decision to ban import of Mangoes from Taiwan has brought focus on `ban on fruits’ yet again. This is not first time when China banned items from Taiwan on several grounds in the last few years.The ban follows similar orders by Beijing over the past two years against imports of Taiwanese pineapples, wax apples,…
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Ignoring threats from China, America signs formal trade deal with Taiwan
Ignoring intimidations from Beijing, Washington on June 1, 2023, signed with Taipei a trade agreement that would “strengthen and deepen the economic and trade relationship”between the USA and Taiwan. A part of the U.S. – Taiwan Initiative on 21st Century Trade that was launched in June 2022, the agreement will strengthen commercial relations between the…
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Beijing encouraging fresh graduates to take up menial ‘labor’ jobs
There is an undercurrent of dissatisfaction and anger among Chinese fresh graduates over growing unemployment in China. They are facing difficulties in getting jobs matching their qualifications. While China’s economic recovery has begun to gain momentum, with growth rebounding to 4.5 per cent in the first quarter after pandemic restrictions were scrapped early this year,…
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Is Apple a “corporate hostage” in China?
While most of the American companies are vying hard to get out of China, Apple, on the other hand, seems pretty relaxed. Is this intentional or Apple has been kept as a “corporate hostage” in China? Apple’s CEO Tim Cook has invested capital in China in a lot of ways and now he cannot…
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Chinese Undersea Cables Carrying Internet Traffic Causes Tensions
According to analysts, the main focus of global conflicts involving China is growing the undersea lines that transport the majority of transcontinental internet traffic. “Submarine cables are involved in every aspect of those rising geopolitical tensions,” Justin Sherman, a fellow at the Atlantic Council’s Cyber Statecraft Initiative, told Reuters. “When we talk about U.S.-China tech…