In The News

Li You August 10, 2019
China is reviewing its list of protected wildlife and plans to expand the number of species under protection. The draft includes more than 700 terrestrial species of which 185 will receive priority protection. “While animals with first-level status receive greater protections and cannot be captured without a permit from a national-level wildlife department, animals with second-level status can be...
Ephrat Livni August 7, 2019
China is leading the world in the highly regulated caviar industry. The term, once applied strictly to the roe from wild-caught sturgeon, is now loosely applied to eggs from multiple species of fish, whether caught in the wild or raised in aquaculture facilities. The delicacy originated in Russia and Turkey before spreading to Europe and the rest of the world, and in overfishing became a threat...
Park Ga-young August 7, 2019
Stock exchanges of many nations imposed various bans on short-selling during and after the 2008-2009 global debt crisis. Investors expecting a stock to decline borrow shares – as a hedging strategy or speculation – and then resell these to buyers who pay the market price: Further decline results in profits for the first investor while a rise can result in huge losses, explains Investopedia. South...
Kenneth Rapoza August 6, 2019
A trade war and US tariffs have eroded the value of China’s currency. The US president announced tariffs and global stock markets declined. The US Treasury Department designated China as a currency manipulator, and China’s central bank announced removing about 30 billion yuan, or $4.2 billion, from the Hong Kong market. China denies the currency manipulation charge. “Many emerging market central...
Malcolm Scott, Kevin Hamlin and Tian Chen August 5, 2019
The trade war is not ending quickly and tensions grow after the US president announced a new round of tariffs as of September 1. China let the yuan tumble to seven per dollar, the lowest level since 2008. Donald Trump had accused China of currency manipulation, but China may be giving him a lesson in market forces - despite the risk for capital flight. China’s state-owned enterprises will also...
Teng Jing Xuan August 1, 2019
Political tensions spill over to trade and other areas. China’s Ministry of Culture and Tourism will allow Chinese mainland citizens to travel to Taiwan only with group tours. “Travelers from 47 Chinese cities including Beijing, Shanghai and Guangzhou have been allowed to apply for permits to visit Taiwan individually under a program that began in 2011,” reports Teng Jing Xuan for Caixin. “Once...
Tammy Tam July 29, 2019
China’s state media have called for forceful action to stop protests in Hong Kong, and a government spokesman called eight weekends of protests that have disrupted the city "evil and criminal acts committed by the radical elements." Even so, the Chinese government is showing no sign of moving quickly despite escalating tensions and a "'let it be’ sentiment reflects the...