- Canada Warns Companies Against Using Supply Chains Involved in Forced Labour in China’s Xinjiang
The federal government warned Canadian companies operating in and doing business with China of risks they face if their supply chains are involved in forced labour, citing credible reports of human rights abuses. Global Affairs Canada and the Canadian Trade Commissioner Service issued an advisory last week notifying Canadian firms of the legal and reputation risks of doing businesses […]
- Huawei Eyes Off Australian 6G Network After 5G Ban
Huawei’s Australian arm has not given up developing the country’s future mobile network, saying it wants to be part of Australia’s distant 6G or 7G rollout. In 2018, the Chinese telecommunications firm was banned from involvement in Australia’s 5G network due to security concerns. Jeremy Mitchell, Huawei Australia’s chief corporate affairs officer, was confident though […]
- China Faces Power Shortage Amid Cold Winter, as Regime Bans Australian Coal Imports
China is experiencing power shortages in large swathes of southern China, resulting in people’s homes and workplaces not getting enough heat. The country’s National Development and Reform Commission (NDRC) confirmed the lack of electricity on Dec. 18 early morning. As people complained about the lack of heat amid cold weather, the NDRC announced that it […]
- A Chinese-Owned Stock Trading App is Quietly Amassing US Users
News Analysis The U.S. stock market gyrations of 2020 need no introduction. From the market depths in March, the federal stimulus-funded market rebound, to the meteoric rise of Tesla and recent technology IPOs, the year of COVID-19 has seen a large influx of consumers taking up stock investing. And for these new investors, the platform […]
- Beijing’s Misguided ‘Assertiveness’ Stifling Global Economic Recovery: Australian Trade Minister
Federal Trade Minister Simon Birmingham says the Chinese communist regime’s recent trade disruptions are not just damaging Australian businesses but also that of its own people. Birmingham told ABC Insider host David Spears in an interview on Sunday that he will do all he can to resolve the attacks on Australian imports by China. He […]
- Foreign Investors Left in the Dark After Ant Group’s Scuttled IPO
News Analysis Early investors in China’s fintech giant Ant Group thought they were in line for a massive pay day, until that all evaporated within days as Ant’s much-anticipated IPO last year was suddenly scuttled by Chinese regulators. Venture capital and private equity firms such as Silver Lake and Carlyle Group believed they had a […]
- EU Reaches Investment Pact With China Amid Human Rights Concerns
The European Union said on Dec. 30 it had concluded a business investment agreement with China after the Communist regime made commitments to improve market access. The Comprehensive Agreement on Investment, which was seven years in the making, was concluded “in principle” at a video conference attended by Chinese leader Xi Jinping, European Commission President […]
- Australia Brings in WTO Umpire to Resolve China’s Trade Sanctions
The Australian government is officially taking the Chinese regime to the World Trade Organisation (WTO) over its imposition of duties on barley after several months of Beijing refusing to engage in a dialogue to sort it out. Federal Trade Minister Simon Birmingham said in a media release on Dec. 16 that Australia “stands ready” to defend […]
- FCC Begins Process of Halting China Telecom US Operations
WASHINGTON—The U.S. Federal Communications Commission (FCC) said on Thursday it begun the process of revoking China Telecom’s authorization to operate in the United States as it took further steps to crack down on China’s role in U.S. telecommunications. FCC Chairman Ajit Pai noted several U.S. government agencies had recommended the revocation citing national security concerns. […]
- Australian Politician Calls out China’s ‘Concerning Pattern of Behaviour’ Following 200 Percent Tariffs on Wine
An Australian cabinet minister suspects Beijing is not being honest about the tariffs it has placed on Australian wine imports. “What the government is doing is seeking to address a concerning pattern of behaviour by the Chinese against Australia,” cabinet minister Dan Tehan said on Saturday. “We’re seeking to have conversations with the Chinese, seeking […]
- Chinese Companies’ Overseas Offices and Expat Organizations Serve as Beijing’s Outposts: Leaked Documents
The Epoch Times recently obtained government documents revealing that overseas divisions of Chinese state-owned companies and Chinese expat associations serve as the Chinese Communist Party (CCP)’s outposts for pushing its economic and political agenda outside of China. The documents exposed that the CCP maintains close ties with state-owned businesses and has set up liaison offices […]
- China Ban Sparks Union Call for Overhaul of Aussie Timber Industry
China’s ban on Australian timber from two more states last week has prompted a union call for immediate government help and an overhaul of the local industry. Senior CFMEU official Michael O’Connor said last week’s suspension of timber exports from New South Wales (NSW) and Western Australia (WA) showed it was time to take immediate […]
- Australian PM Wants Mature Dialogue as CCP Accuses Canberra of Playing the ‘Victim’
A spokesperson for the Chinese Communist Party (CCP) has accused Australia of playing the victim in response to the regime’s coercive trade strikes on Australian exports. This comes as the spokesperson, Wang Wenbin, justified its trade embargoes but denied knowledge of an alleged ban on Australian coal. Prime Minister Scott Morrison told The Morning Show on […]
- Australia’s Iron Ore Trade Helped Lift ‘Hundreds of Millions’ of Chinese out of Poverty: Treasurer Josh Frydenberg
Federal Treasurer Josh Frydenberg said that Australia’s iron ore exports have helped lift hundreds of millions of Chinese people out of poverty and has underpinned China’s economic growth, and hopes the Australia-China relationship will be restored. China’s imports of Australian iron ore have continued unabated during the pandemic and throughout the targeted trade disputes, reaching […]
- Australia Considers WTO Action Against Chinese Regime
Federal Trade Minister Simon Birmingham has not ruled out taking China to the World Trade Organisation (WTO) to dispute the economic bullying tactics it is using against some Australian export industries. Birmingham told ABC on Nov. 9 that the Morrison government was considering using the WTO as a way to address the ongoing trade issues […]
- Chinese Telecom Firms Lose $5.6 Billion in Value as Index Providers Drop Them
SINGAPORE—Index providers MSCI Inc, FTSE Russell and S&P Dow Jones Indices said they would cut three Chinese telecom companies from benchmarks, part of a widening fallout from a U.S. investment ban that has battered their share prices. The deletions of China Mobile, China Telecom, and China Unicom Hong Kong add to a raft of Chinese […]
- Beijing Launches Antitrust Probe Into Tech Giant Alibaba, Scrutinizes Ant Group
Two Chinese companies founded by billionaire Jack Ma have come under Chinese regulators’ scrutiny, including with the launch of an antitrust probe. On Dec. 24, China’s State Administration for Market Regulation announced on its website that it has launched an investigation into e-commerce site Alibaba over its monopoly practices, such as a policy that forces […]
- Resources Minister Rejects Senator’s Call to Impose Counter Tariff on Chinese Iron Ore Exports
Federal Resources and Water Minister Keith Pitt has dismissed a suggestion from Nationals Senator Matt Canavan to impose a one percent tariff on Chinese iron ore exports as a counter to ongoing trade sanctions from Beijing. According to Canavan, a counteractive duty would generate over $800 million a year. Canavan suggests this money could then […]
- Beijing Announces New Minimum Wage, Not Enough to Cover Living Costs
The city of Beijing recently announced a new minimum wage rate, but the figure is not enough to cover basic living costs. Authorities also said in its announcement that the rate was not mandatory, but only a guideline. The Beijing Human Resources and Social Security Bureau announced on Nov. 23 that the annual minimum wage in […]
- China Denies Trade Strikes Are a Targeted Attack on Australia
Chinese Communist Party (CCP) officials have denied that the trade blockages, export delays, and tariffs the regime has imposed on Australian export products are a targeted attack, according to Australian Prime Minister Scott Morrison. This is despite Beijing imposing several disruptions to the exports of Australian beef, wine, barley, lobster, timber, iron ore, and cotton. […]