China Business & Economy

Foreign companies operating in China increasingly find themselves having to make deep sacrifices, cede to unreasonable demands, and navigate an increasingly hostile economic and legal environments to operate in China.

About a week before U.S. tariffs on a list of Chinese goods worth $34 billion became effective on July 6, the Chinese authorities announced that it would ease restrictions on foreign investments in certain industries. On June 28, China’s National Development and Reform Commission released a revised list of sectors in which foreign investment is limited […]

NEW YORK/HONG KONG—China’s embattled ZTE has received a temporary reprieve from the U.S. government to conduct business needed to maintain existing networks and equipment. ZTE, which makes smartphones and networking gear, was forced to cease major operations in April after the United States banned U.S. suppliers from providing tech parts to the company, saying it […]

A restaurant in China is being sued for using the name and image of iconic Hollywood actress Audrey Hepburn to promote itself. An unnamed descendant of Hepburn filed the lawsuit in Suzhou City, Jiangsu Province, where the restaurant is located, citing personality rights infringement, according to a July 3 report by Taiwanese newspaper The Liberty […]

Chinese conglomerate HNA Group Co-Chairman, Wang Jian, died during a business trip in France on July 3 in what local police said appeared to be an accidental fall from a wall while posing for a photograph. Wang, 57, is regarded as the architect of an eye-popping $50 billion acquisition spree that saw HNA accumulate assets […]

U.S. tariffs on imports from China are not set to take effect until July 6. However, escalating trade tensions between Washington and Beijing have already started to affect the volume of goods flowing from China to the United States. According to preliminary data released by China’s General Administration of Customs on July 3, the growth […]

SHANGHAI/HONG KONG—The U.S. government has moved to block China Mobile from offering services to the country’s telecommunications market, recommending that its application be rejected because the firm posed national security risks. The move by President Donald Trump’s administration comes amid growing trade frictions between Washington and Beijing. The United States is set to impose tariffs on $34 billion […]

Several major Chinese companies, including some accused of involvement in state espionage, were given access to user data on Facebook. A Facebook testimony released by the House Committee on Energy and Commerce on June 29 details data-sharing programs Facebook maintains with 52 technology companies. These include U.S. companies including Apple, Amazon, and Microsoft; South Korean […]

Chinese onshore stocks closed June with one of their worst months in recent memory, hit by a combination of trade tensions with the United States, depreciating yuan currency, and lackluster economic indicators. The Shanghai Composite Index closed down around 8.0 percent for the month of June and 13.9 percent on the first half of the […]

China’s love for French-grown wine has gotten it into trouble. Haichang Group, a petroleum trading company based in Dalian, a port city in northeastern China’s Liaoning Province, owns 24 wine estates in the Bordeaux area, one of France’s premier wine-growing regions, making the group one of the biggest Chinese investors in wineries in the region. […]

The Chinese economy has grown rapidly over the past decade, but in recent years, revelations about how the Chinese regime has exaggerated data suggest that the health of China’s economy has been overstated. On June 20, a Chinese official revealed that thousands of Chinese companies have submitted fraudulent performance figures. Sometimes, the Chinese authorities were […]

Last week, China slapped a 25-percent import duty on a host of American imports, including fossil fuels such as crude oil and coal. Beijing’s actions were in retaliation to President Donald Trump going ahead with his proposed $50 billion tariffs on Chinese industrial products. While almost all forms of U.S. fossil fuels were included in […]

The start of a trade war between the United States and China comes at a difficult time for the Chinese economy. Domestic economic growth is slowing down and tariffs are expected to put more pressure on growth, experts say. China’s total exports to the United States accounted for 3 percent of China’s gross domestic product […]

Chinese smartphone maker Xiaomi’s expected July initial public offering (IPO) will be one of the most highly anticipated in years.

When news emerged that U.S. President Donald Trump was threatening to impose a 10 percent tariff on an additional $200 billion worth of Chinese goods, it sent the Chinese stock market plunging. Shanghai stocks fell by almost 4 percent, to a two-year low, on June 19. Hong Kong stocks were also hit hard. The Hang […]

HONG KONG—Shares of ZTE plummeted on June 19 after the U.S. Senate’s passage of a defense bill set up a potential battle with the White House over whether the Chinese telecoms firm can resume business with its U.S. suppliers. The 85-10 bipartisan vote—one of the few times the Republican-led Senate has veered from White House policy—came on […]

China’s top leaders have agreed to help debt-laden conglomerate HNA raise funds, Bloomberg reported on June 15, citing people familiar with the matter. A senior official at the People’s Bank of China on Tuesday led a meeting with three regulators, the Hainan provincial government, HNA‘s co-chairman Chen Feng, and the company’s biggest creditor, asking the attendees to support HNA‘s […]

Back in December 2017, when the South Korean government granted approval to LG Display (LGD), a subsidiary of South Korean conglomerate LG Corp., to build a manufacturing plant in the southern Chinese city of Guangzhou to produce its high-tech TV panels, South Korean authorities urged LGD to establish measures to protect its technology from theft. […]

President Trump announced new tariffs on $50 billion worth of Chinese goods last Friday, doubling down on his promise to level the playing field and defend against improper intellectual property theft by China.

A group of Taiwanese-Canadians gathered in front of Air Canada’s headquarters in Montreal on Thursday to protest the airline’s move to list Taiwan as part of China on its website. The airline is one of several other airlines around the world that followed a demand by the Chinese communist regime to remove any references on […]