EU Chief Calls for ‘Level Playing Field’ with China
Ursula von der Leyen, President of the European Commission, stated on Monday that while the EU aims to avoid economic dependence on China, it does not seek to fully “decouple” its economy from Beijing. During her visit to U.S. President Joe Biden last week, von der Leyen emphasized that the European Union wants a fair […]
US Solar Panel Imports from China Resume
After months of delays, U.S. imports of solar panels from China are picking up again, according to Chinese solar companies and U.S. officials. The slowdown stemmed from a new U.S. law banning goods made with forced labor, particularly from China’s Xinjiang region. A White House official confirmed at an energy conference that shipments are resuming, […]
China Confident in Achieving 2023 Economic Growth Target
China is confident it will meet its 2023 economic growth target through diligent efforts, according to a senior official from the National Development and Reform Commission (NDRC). The government has set an economic growth target of around 5% for 2023, as outlined in a work report submitted to the national legislature. “China is still a […]
Global Asset Managers Face ‘Pig Butchering’ Scams in China
Global asset managers entering China, such as Fidelity International and Neuberger Berman, are struggling with scams where online fraudsters use their logos and brands to entice investors with fake high-return promises. This scam, known locally as “pig butchering,” involves fraudsters luring victims with attractive returns before disappearing with their money. New market players like VanEck […]
