Over the past 10 years, China has loaned billions of dollars to poor countries as part of its Belt and Road Initiative (BRI). As the COVID-19 outbreak has shut down economies, these nations are finding it increasingly difficult to repay their loans. Caught in debt from Chinese loans Chinese loans granted to developing countries tend ...
With the current U.S. administration’s “America First” policy and harsh attitude toward those who take advantage of the country, it’s no wonder that a vast majority of Americans now view Chinese products in an unfavorable light. According to a survey conducted by Washington-based FTI Consulting, 40 percent opted not to buy products made in China. More ...
The relationship between China and Australia has been quite tense since the CCP coronavirus outbreak, which has led to increased barley tariffs. When Australia asked that a proper inquiry be conducted to determine the origin of COVID-19, Beijing became furious, possibly because they were worried that something about the outbreak they wish to keep hidden ...
A study by London-based think tank the Henry Jackson Society has found that among all the Five Eyes nations, Australia is the most vulnerable to Chinese influence due to its trade dependence on the Asian country. “Five Eyes” is a term used to denote five intelligence-sharing nations — Australia, the United Kingdom, Canada, the United ...
The Belt and Road Initiative (BRI) is a massive infrastructure project funded by Beijing that aims to solidify China’s leading role in international trade. To this effect, the Chinese government has loaned billions of dollars to participating nations. Since the CCP coronavirus outbreak, many of these countries have been pushed into financial distress, pressuring Beijing ...
According to the International Labor Organization (ILO), there are more than 3.3 billion participants in the global workforce, with almost 1.6 billion employed in the informal sector. The CCP virus outbreak and the subsequent lockdowns have made many of them jobless. The labor problem created by the CCP virus Employment conditions in the informal sector ...
In Southeast Asia, Singapore is the most affected by the CCP coronavirus outbreak. The country has recorded more than 25,000 cases of infections. The lockdown and other measures have had a chilling effect on one of the most prosperous societies in the region. This can be ascertained by the fact that Singapore’s retail sales for ...
Many people think that the economic fallout caused by the CCP coronavirus outbreak will soon subside once the lockdowns are lifted. Unfortunately, this is not true. It could take at least a couple of years or even longer for the global economy to get back to pre-coronavirus growth levels. Until then, it will most likely ...
Along with assaulting the health of the nation, the CCP virus has inflicted a devastating blow on the economy, causing severe losses to tens of thousands of businesses and millions of households. During the outbreak, with quarantines, lockdowns, and social distancing, millions of people have become unemployed, leading to an economic crash. Small to medium-sized ...
Mike Waltz, a member of the U.S. House of Representatives, has warned against funding the Chinese military through the retirement fund of American soldiers. A pool of about US$50 billion dollars belonging to the U.S. military personnel retirement fund will be invested in an index that includes companies from China that may be engaged in ...
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