Doctor Strange 2 to be banned in China due to a surprising detail

In-depth Reports 05/10/22, 09:15

According to Comic Book Resources (CBR), on April 29th, Chinese box office analyst and reporter Oliver Chen confirmed that the long-awaited Doctor Strange sequel has been officially banned in China.  No official reason has been provided. However, according to CBR, Doctor Strange in the Multiverse of Madness drew some heavy criticism ...

Strong dollar might cause big changes: Caixin Media chairman

Economy 05/06/22, 00:21

Xie Jinhe, chairman of Caixin Media, posted on Facebook on May 3 that with a strong dollar, there must be major events in the world. He said that the market preference for the U.S. currency would cause serious damage to vulnerable emerging economies. Besides, the global economy will certainly face ...

U.S.-China new battleground: China eyes global strategic choke point

US-China 05/05/22, 02:34

The recently signed security agreement between the Solomon Islands and China has alarmed the US and its allies, bringing concerns about China's military facility in the Solomon Islands. US-China tensions over a strategic choke point in the South Pacific Islands are part of a new tug of war between the ...

The U.S. has provided Chinese firms with about $1.8 billion in subsidies

Economy 04/29/22, 23:49

According to the watchdog Good Jobs First, which tracks companies receiving subsidies from the U.S., from 1991 to 2020, Chinese companies have received $1.8 billion from U.S. government bodies. The subsidies provided were tax credits, tax rebates, grants, loans, and property tax abatement. While most of the support came from the ...

17 new Chinese companies added to U.S. delisting list

Economy 04/23/22, 04:09

The U.S Securities and Exchange Commission (SEC) added 17 more U.S.-listed Chinese firms to its provisional delisting list under the Holding Foreign Companies Accountable Act on Thursday, April 21. The Commission gave these companies 15 business days to submit evidence to prove that they are not eligible for delisting by the ...

U.S. Embassy extends services to help American citizens in China

China 04/19/22, 23:43

The U.S. Embassy in Beijing will take charge to assist U.S. citizens in the Shanghai consular district after some of its employees have departed Shanghai. According to the statement on Monday, April 18, the U.S. Mission in China has adjusted operations to ensure urgent services for U.S. citizens. The Embassy said, "We ...

US and Japan reaffirm alliance amid China and North Korea concerns

China 04/16/22, 16:19

U.S. lawmakers traveling to Japan on Saturday, April 16, reaffirmed a working alliance to jointly confront the threat posed by North Korea and China amid growing global tension. The six lawmakers, led by South Carolina Republican Senator Lindsey Graham, met with Japanese Prime Minister Fumio Kishida, who agreed that they should ...

Apple assembler Pegatron halts production at 2 Chinese plants

Economy 04/13/22, 22:33

Pegatron Corporation, Apple's second-largest iPhone foundry, said on Tuesday, April 12, that its plants in China's Shanghai and the neighboring city of Kunshan have suspended production to comply with COVID-19 restrictions. According to Nikkei Asia, Pegatron makes about 20% to 30% of Apple iPhones. On Monday, April 11, Shanghai loosened its lockdown ...

U.S. orders Consulate staff to leave Shanghai rather than voluntary departure

China 04/13/22, 22:30

The U.S. State Department, on Tuesday, April 12, ordered the departure of all non-emergency Consulate staff and their families from Shanghai, citing the ongoing COVID-19 outbreak in the city. A U.S. statement published by the U.S. Embassy and Consulates in China Tuesday said, "The movement from 'authorized' to 'ordered' departure means ...

Tom Cotton demands explanation on decision to lift tariffs on Chinese goods

China 04/13/22, 16:38

Following the announcement by Katherine Tai, United States Trade Representative (USTR) of the Biden administration, on the elimination of Section 301 tariffs on more than 350 Chinese-made products imported into the United States, Senator Tom Cotton sent a letter to the USTR requesting that they explain their decision. Cotton, in his ...