Day: October 28, 2022

China Update is about China economic and political news and analysis, today we discuss the Chinese economy, Evergrande Housing Crisis, Russia-China relations, and other China news #chinaupdate 00:00 Introduction 00:11 Chinese Housing Crisis 03:51 Russia-China 06:15 Chinese Economy 10:52 Blinken On Taiwan

China’s economy took a hit after the 20th National Party Congress last week, in which Xi Jinping secured a third term and managed to get his loyalists into key positions. Chinese spies have been charged in the US for trying to get information on a sensitive court case. Hong Kong pro-democracy activist Jimmy Lai, who owned the Apple Daily newspaper, is convicted. Watch this episode of China Uncensored for that and more of this week’s China news headlines.

The first plenary session of the 20th Communist Party Congress closed on October 23, and Xi Jinping was successfully re-elected as General Secretary for a third term. Out of the remaining six members of the Politburo Standing Committee, the not-so-factional Zhao Leji and Xi’s close friend Wang Huning were re-elected. The other four new members are all Xi Jinping’s most trusted former ministers. This shows that Xi Jinping has taken full control of the top leadership of the CCP. Some commentators say that th

With a flick of his pen, US President Joe Biden has brought fire and brimstone down on China’s microchip industry. Instead of just sanctioning a few Chinese companies, his executive order used the foreign direct product rule to target any company using US software, technology or machinery to manufacture microchips from selling advanced microchips to China. In this episode of China Unscripted, we discuss the CHIPS Act, Biden’s new executive order, and the Chinese Communist Party’s paranoia about protesters.

#Chinainsights#20congresss The reshuffle of the Chinese leadership has spooked foreign investors. The next day, on Oct. 24th, Chinese stocks suffered their worst day in Hong Kong since the global financial crisis in 2008, as foreign investors rushed to sell Chinese stocks. Nearly all the stocks in the Hang Sheng index were lower, with Chinese internet and technology stocks being hit particularly hard. Analysts generally expect China’s economy to slow in Xi’s third term, not primarily because of the labor f