Category: Business
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Afghanistan copper mine construction on hold for time being
BEIJING: Afghanistan situation is being monitored and work will be done accordingly said the China’s Jiangxi Copper Co Ltd and the Metallurgical Corp of China (MCC) . The company and MCC took on a 30-year lease https://www.reuters.com/world/asia-pacific/what-are-afghanistans-untapped-minerals-resources-2021-08-19 for the mine in 2008, which has an estimated reserve of 11.08 million tonnes of copper. Jiangxi Copper holds a…
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Chinese businessmen imprisoned for two years for leaking US marine tech
BOSTON: A businessman has been imprisoned for two years for revealing the US marine technology to China. Shuren Qin, who founded a company that sold oceanographic instruments, was sentenced by U.S. District Judge Denise Casper in Boston after admitting he illegally exported devices called hydrophones that can be used to monitor sound underwater. Prosecutors had…
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China’s Crumbling Economy
Corporate debt levels in China have risen to sky high – so much so – that they can potentially destabilize Chinese economy. On Friday, Chinese regulators had to put a stop to trading of bonds issued by Evergrande – the country’s second largest real estate developer. Many experts are concerned that the firm will be…
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Financial contagion might be faced by China
Beijing, China: Financial contagion might be faced by China as the loans are surging due to the, communist regime’s recent crackdown. Beijing’s crackdown on overextended property developers has led to a surge in loan losses. And it has also raised fears of contagion across the nation’s $50 trillion financial sector, Nikkei Asia reported on Monday.…
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China forces Hong Kong-based renowned media house to shut down
Hong Kong: China is attacking media houses which are against the communist ideology and forcing them to close, recently, Hong Kong-based media house Next Digital has started taking steps to shut down as Beijing’s crackdown had left it with no way to operate The company’s board of directors called for the liquidation of the company…
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How Should Australia Respond to China’s Arbitrary Detentions?
Last week’s sentencing in China of Canadian Michael Spavor on charges of espionage sent a stark warning to the international community about how China will use its power. The deep concern that is held toward this kind of behavior from the Chinese government was reflected in the significant number of diplomats from other countries who…
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Australian Senate passes bill banning imports made using forced labour
The Morrison government faces growing pressure to tighten Australia’s customs laws after the Senate passed a bill to ban anyone from importing products made using forced labour. On Monday the Senate passed a bill proposed by the independent senator, Rex Patrick, but for the measure to come into effect it would also have to clear…
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Taliban Takeover in Afghanistan Stokes Bangladesh’s Terrorist Fears
The secular government of Muslim-majority Bangladesh fears the Taliban takeover in Afghanistan will rejuvenate the violent radical Islamist ecosystem back home. For Bangladesh, August is a month of mourning and a grim reminder of the looming threat of radical Islamist terror. On August 15, 1975, a military coup led to the assassination of Bangladesh’s founding…
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The Guardian view on anti-Chinese suspicion: target espionage, not ethnicities
Show caption Anming Hu outside court in Tennessee in June. ‘To the shock of academics, Asian American advocacy groups and others, prosecutors plan to retry the Chinese-born Canadian citizen.’ Photograph: Caitie McMekin/AP Opinion The Guardian view on anti-Chinese suspicion: target espionage, not ethnicities Editorial Close attention to Chinese spying and influence operations is important. It…
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Chinese president vows to ‘adjust excessive incomes’ of super rich
Show caption Xi Jinping told officials that the government should ‘regulate excessively high incomes’. Photograph: Xinhua/Rex/Shutterstock China Chinese president vows to ‘adjust excessive incomes’ of super rich Chinese Communist party to crack down on almost weekly creation of billionaire company bosses Phillip Inman @phillipinman Wed 18 Aug 2021 17.50 BST Share on Facebook Share on…