Chinese Consumers Avoid Purchasing Pork During the Spring Festival Amid Inflation Fears China's pork consumption has not recovered ahead of the Lunar New Year, signaling deepening economic problems. Pork prices have fallen by a fifth year-on-year, but sales are down by a third...
China and the Philippines Clash Again Over South China Sea Ownership China and the Philippines have continued to clash over maritime claims in the South China Sea. On Jan. 31, Yonhap News Agency reported that China's coast guard evicted four Filipinos for entering Huangyandao Reef on Jan. 28, citing Chinese coast guard social media (SNS)...
U.S. Targets Chinese Tech: 12 Companies Blacklisted by Defense Department The U.S. Department of Defense has added 12 more companies to its list of companies working with China's military. The move bans investment by Americans and U.S. companies and warns of the risks of doing business with Chinese companies...
China's EV100 Predicts Worldwide Electric Car Sales to Reach 20 Million This Year China EV100, China's electric vehicle industry think tank, has predicted that global sales of electric vehicles will exceed 20 million units in 2024.
China's Local Government Debt Hits Record High: Will It Lead to Default? China's local governments borrowed heavily to pay down debt last year and face the risk of default. Local government debt rose 10% year-on-year last year, with refinancing issuance accounting for more than 50% of the total...
North Korea and China Discuss Over 'Cultural Exchange' North Korean Foreign Minister Park Myong Ho met with Liu Huiyan, a member of the Standing Committee of the Liaoning Provincial People's Congress of China, to discuss ways to enhance exchanges and cooperation between North Korea's North Pyongan Province and China's Liaoning, Xinjiang and Dandong cities...
China's Economic Outlook Darkens as Debt Ratio Approaches 300% China's debt ratio is approaching 300%. Last year's economic slowdown had an impact, and it was suggested that the government should borrow more money to boost nominal GDP growth...
China's Anti-Corruption Drive: 110,000 Party Officials Face Disciplinary Action The Chinese Communist Party's assessment work led to the discipline of nearly 110,000 party officials last year. The cases, up 13 percent from a year earlier, were mainly related to anti-corruption campaigns and the implementation of development and environmental protection policies...
China Highlights Mutual Benefits of Trade Relations with Latin America AsiaToday Beijing Correspondent Hong Soondo = China's Foreign Ministry has reiterated its stance that Sino-US economic and trade relations are based on mutual benefit and win-win.
China-North Korea Relations Strengthened as Liaoning Cultural Delegation Visits Pyongyang A cultural delegation from Liaoning Province, headed by a member of the Liaoning Provincial Committee of the Communist Party of China (CPC), arrived in Pyongyang on Monday, the Korean Central News Agency (KCNA) reported...
China Implements Ban on Stock Borrowing for Short Selling to Stabilize Markets Chinese securities authorities announce a total ban on stock lending. Restrictions on short selling to protect against stock price declines. Stock refinancing market to also restrict some stock lending. A move to stabilize the stock market. Chinese stocks still falling.
Only 3% of Taiwanese Consider Themselves Chinese Only 3% of Taiwanese consider themselves Chinese, with the majority identifying as Taiwanese. Taiwanese identity is linked to party affiliation, and there is a clear emotional connection to China...
Controversial Chinese Real Estate Ad: 'Buy a House, Get a Wife and Gold Bar for Free' The recession in China's real estate market has led to falling home prices and a deepening crisis for real estate companies. As housing is no longer perceived as a safe asset, buying demand is declining, and real estate companies are facing mass layoffs and bankruptcies...
Chinese Authorities Rethink Game Regulation Stance to Bolster Economy Domestic game companies' stocks rise on China's signaling of withdrawal of game regulations. China ranks first in domestic game exports with 34.1%. Signs of change as draft regulations are dropped.
China Claims Bibimbap and Pasta as Their National Dishes Chinese portal site 'Baidu' claims that Italian pasta originated in China and introduces Korean traditional food as Chinese culture. This shows that China's 'cultural process' is becoming serious. Previously, China claimed kimchi as Chinese culture...
China Denies Knowledge of North Korea-Russia Weapon Deal AsiaToday Beijing Correspondent Hong Soondo = The Chinese government has said it is "unaware of the circumstances of the arms deal between North Korea and Russia" in response to a report submitted by the United Kingdom to the United Nations Security Council.
China Strikes Back: Retaliation Looms Over Semiconductor Supply Chain Exclusion Chinese Ambassador to the Netherlands "We need to improve dialog with the Dutch government to avoid worsening the situation" China has threatened retaliatory measures in response to U.S. moves to exclude it from the supply chain of advanced semiconductors.
15 Million Tons of Lithium Found in Thailand? The Truth Behind the Hype The Thai government's announcement of the discovery of 14.8 million tons of lithium was a mistake. The actual amount of lithium is only 66,600 tons. Thailand still hopes to find lithium.
China Discovers Asia's Largest Lithium Mine [TheGuru=Jung Dae-yong] Asia's largest lithium mine has been discovered in China. The reserves are estimated to be about 1 million tons (t), and the mining rights are held by Sungshin Lithium's subsidiary...
Massive 7.1 Magnitude Earthquake Rocks China's Xinjiang Region AsiaToday Reporter Lee Jang-won = A 7.1-magnitude earthquake struck China's Xinjiang Uygur Autonomous Region in the early hours of the 23rd, China's Xinhua news agency reported. According to the report, the quake struck at around 2:09 a.m. (local time) in Wus county of northwest Xinjiang Uygur autonomous region's Akersu region. The epicenter was centered at 41 north latitude...
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