Foreign invested enterprises in china statistics

Two decades ago, many scholars began predicting that as China’s creation of wealth continued to speed ahead, the country would cross a threshold. Once a substantial new middle class had been created, they reasoned, politics would tip decisively in a more participatory, possibly even democratic, direction. But while robust economic growth continued, the first decade of this century came and went with no severe challenge to China’s authoritarian model. And under China’s present leader, Xi Jinping, who took office in 2013, it has only become more entrenched: last year he changed the longstanding rules of succession to allow himself to remain in charge for life. Now, however, this long-expected revolt of the middle class has arrived – not from China itself, but from Hong Kong. And more than any other problem China faces, the ongoing crisis in the city could determine Xi’s standing and his country’s direction over the next few years. The problem of … [Read more...] about Why China fears sending the tanks into Hong Kong

For Lisa Delpy Neirotti, the surest sign of the National Basketball Association’s booming business in China came during her morning commute. It was two years ago, and Delpy Neirotti, a sports management professor at George Washington University, was guest lecturing at Beijing Sports University. Riding the subway on her way to campus, she noticed other passengers watching NBA contests live on their smartphones. “It wasn’t just one or two people, it was a number of them,” said Delpy Neirotti, who has repeatedly traveled to China since the late 1980s. “8pm on the east coast is 8am there, so the games fall at a really good time. “When you walk through train stations, you see [Golden State Warriors star] Steph Curry everywhere. We’re not talking small signs. It’s large billboards of him holding a phone or something. Of all the sports, basketball is the one that [Chinese people] follow most. And those who follow are very passionate.” For … [Read more...] about How the NBA’s rift with China laid bare the cost of free speech

Hunter Biden said he exercised poor judgement in his business deals with Ukraine and China but emphasized he did nothing wrong. 'In retrospect, look, I think that it was poor judgment on my part. Is that I think that it was poor judgment because I don't believe now, when I look back on it -- I know that there was -- did nothing wrong at all,' he told ABC News in an interview that aired Tuesday. 'However, was it poor judgment to be in the middle of something that is...a swamp in—in—in many ways? Yeah.' 'I gave a hook to some very unethical people to act in illegal ways to try to do some harm to my father. That's where I made the mistake,' he said. 'So I take full responsibility for that. Did I do anything improper? No, not in any way. Not in any way whatsoever.' 'Did I make a mistake? Well, maybe in the grand scheme of things, yeah,' he said, again referring to fallout from his overseas business. 'But did I make a mistake based upon some ethical lapse? Absolutely not.' He … [Read more...] about ‘It was poor judgement on my part’: Hunter Biden breaks his silence on his foreign business scandal that engulfed his father but says he ‘did nothing wrong at all’

China's trade with the United States fell by double digits again in September amid a tariff war that threatens to tip the global economy into recession. Exports to the US, China's biggest foreign market, fell 17.8 percent to $36.5 billion, a deterioration from August's 16 percent decline, customs data showed Monday. Imports of American goods sank 20.6 percent from the year before to $10.6 billion, a slight improvement over August's 22 percent decline. President Donald Trump agreed Friday to put off an additional tariff hike planned for this week on Chinese imports. In exchange, he said Beijing agreed to buy up to $50 billion of American farm goods. Monday customs data shows exports to the United States, China's biggest foreign market, fell 17.8 percent to $36.5 billion in September  Passengers walk by merchandise on display at the Shanghai Disney flagship store at Hongqiao Railway Station in Shanghai, China on Monday But they reported no agreements on disputes over China's … [Read more...] about China’s trade with US plummeted nearly 20% in September as President Trump’s tariff war escalates

Hunter Biden has stepped down from his post on the board of a Chinese-backed private equity company in the midst of President Donald Trump's allegations of corruption in China and Ukraine.  Biden, 49, announced he will resign at the end of the month from the board of BHR (Shanghai) Equity Investment Fund Management Company, which is backed by several Chinese state-owned companies, in a statement released Sunday. Biden's foreign business interests, particularly in Ukraine, are currently at the center of Donald Trump's impeachment scandal.   Trump claims that Biden made $1.5 billion in China for the private equity firm after he flew to China in December 2013 with his father aboard Air Force Two, when Joe Biden was in office. Hunter has denied playing a role in forming the Chinese company or having equity in it while his father was in office and insists the board position was unpaid.  The president lambasted Biden's son on Twitter Sunday morning, asserting that Hunter … [Read more...] about BREAKING: Hunter Biden steps down from board of Chinese equity firm after Trump accused him of corruption over claims he made $1.5BN in Beijing during his father’s time in office – and swears he’ll give up foreign work entirely if Joe Biden wins office