India will be requiring further approval for all future Chinese investments. In the past two years, China has shown considerable interest in investing in India. These investments have reached almost USD $6 billion. However, the government of India is wary of these investments. They are specifically cautious of a hostile takeover. In order to circumvent this, these investments will be … Read More
Reliance on China’s Manufacturing to Lessen
The Chinese CEO of an American company said that the reliance on China’s Manufacturing will lessen moving forward. Cao Dewang is the CEO of an American automotive glass plant. Recently, he was featured in the documentary American Factory. In it, he said that China’s pivotal role in the global supply chain may not stay after the Coronavirus pandemic. Cao stated … Read More
Indonesians Face Job Loss and Poverty in Face of Recession
Millions of Indonesians will be losing their jobs and falling into poverty due to the upcoming recession. The Indonesian government stated that millions of citizens will be affected by the impending recession. They estimate that almost 4 million will drop into a level of poverty. Apart from that, more than 5 million people will be facing unemployment. These figures are … Read More
247,000 Chinese Companies Declare Bankruptcy
Almost a quarter of a million Chinese companies have declared bankruptcy for the first two months of the year. Various countries have been affected by the Coronavirus pandemic. For those majorly affected, businesses have struggled through it all. China is no different. Both big and small businesses, restaurants, stores, and factories have both slowed down. Some have even ground to … Read More
Japan Pays Companies to Leave China
Japan will be paying companies in China to leave and relocate to other countries. Like other countries, Japan has also prepared a stimulus package. This stimulus package will help out the country as it goes through the spread of the Coronavirus pandemic. The virus has messed with the current supply chains of the world. Their package is seen as one … Read More
Taiwan’s Medical Aid to Countries Attracts Ire of China
Taiwan has added to their efforts of sending medical aid to other countries. While admirable, it has attracted the ire of China. The increase of medical aid is seen as an effort to raise Taiwan’s own global profile. They are doing this by offering more medical masks and supplies that many countries desperately need. People have noted Taiwan’s own efforts … Read More
Japan’s Tourism Takes Big Hit From Coronavirus
The Coronavirus has dealt a massive blow to Japan’s tourism. Tourism has always been an important part of Japan’s economy. In 2019, more than 32 million people visited Japan. In total, they spent approximately USD $45 billion. However, due to the Coronavirus, the number of foreign visitors has dropped drastically. The Japanese government measured the number of foreign visitors early … Read More
China’s Luckin Coffee Stocks Fall by 80%
The stocks of Chinese company Luckin Coffee have fallen by 80%. This occurred after an investigation showed that the COO was falsifying sales reports in 2019. This Thursday, Luckin Coffee divulged that an investigation showed that their COO was falsifying reports. The fabrication amounted to 2.2 billion Yuan or USD $310 million. The investigation showed that COO Jian Liu and … Read More
China to Strategically Purchase Oil After Price Crash
China is planning to strategically purchase oil for their federal reserves. This move was prompted by the oil’s massive price crash. The Chinese government has a plan to fill up their federal reserves. The news was reported by people who have knowledge on the situation. China is already the biggest importer of oil. Now, they are taking advantage of a … Read More
Chinese Wet Markets Still Continue Operations
Despite the spread of the Coronavirus pandemic, the wet markets in China still continue their operations. When the virus was labelled a pandemic, people started to avoid these wet markets. However, with news of local cases plateauing in China, people have come back to the wet markets they once frequented. The Wuhan Huanan Seafood Wholesale Market, the supposed ground zero … Read More