Economy

Hidden Unemployment Crisis Looms in China

Is China facing an unemployment crisis? China’s unemployment rate in June was revealed to be 5.7 percent, which is lower than the February peak of 6.2 percent. The country’s unemployment rate has remained quite stable over the past decades, hovering around 4 percent to 5 percent. As such, the fact that the COVID-19 outbreak only ...

Max Lu

A crowded Chinese sidewalk.

CCP in Control: Hong Kong Financial Future Looking Grim

Several weeks have passed since Beijing forcefully implemented the National Security Law in Hong Kong, effectively ending the region’s autonomy and reducing it to yet another communist-controlled city. As a consequence, a city that has been regarded as the financial hub of East Asia is at risk of losing the trust of the international business ...

Max Lu

Hong Kong skyline.

China Is a Top Holder of U.S. Debt: How Risky Is It?

As of April 2020, China held about US$1.07 trillion in U.S. debt, which amounted to almost 15 percent of American bonds, treasuries, and notes held by foreign nations. China is the second-biggest owner of U.S. debt, following Japan in the first place. The increasing conflict between the United States and China is making people wonder ...

Max Lu

A briefcase filled with US$100 notes.

Is India’s Economy Powerful Enough to Decouple From China?

With tensions between India and China rising due to border conflicts, Indian public sentiment has been strongly anti-Beijing. Resonating with this sentiment, the Indian government has taken action against Chinese apps, banning their use in the country. Other Chinese businesses, as well as investments, are also being targeted for bans or restrictions. However, some have ...

Max Lu

A Chinese port stacked with containers.

Consequences of India’s Ban on Chinese Apps

In June, the Indian government banned 59 Chinese apps following border skirmishes between the militaries of the two nations. India’s action is one of the toughest ever taken against Chinese tech companies by a developing nation, and it will have damaging consequences on Beijing’s ambition to dominate the global technological sector. Chinese app effect According ...

Max Lu

Remove Chinese apps from smartphones.

Blacklisting Chinese Universities From Using American MATLAB Computer Program

The Trump administration has banned two Chinese universities from using an American computer software platform called MATLAB. These universities, Harbin Engineering University and Harbin Institute of Technology (HIT) were found to have close ties with the Chinese military and were thus added to a U.S. blacklist that bars them from accessing products that are subject ...

Jack Roberts

The Harbib Institute of Technology.

India Looking to Economically Punish China Following Border Clash

The recent India-China border fight left numerous soldiers dead on both sides. The conflict started off after China set up tents in a region where such structures were not allowed. At present, both countries have mobilized forces at the border. However, no one actually expects a full-blown war between the two nations, especially since the ...

Max Lu

The India-Chine border.

The Future of Banking Looks Like This

The COVID-19 pandemic has accelerated the digitization of banking. Even people who never used to access online banking services are now getting accustomed to it since this is the only way to manage one’s banking account in the current scenario. So how will technology change the way we bank in the future? Some indications of ...

Armin Auctor

Internet banking.

Fruit and Veggie Prices to Decline in Australia

The prices of fresh farm produce in Australia have been rising in the past months due to droughts, floods, fires, and eventually the COVID-19 scare. But in the coming months, fruit and veggie prices will likely drop as the pressure on sellers eases and supplies become plentiful. Declining fruit and veggie prices Shaun McInerney from ...

Max Lu

Fruit and vegetable store.

The West and Its Dependence on China

Over the past few decades, the West has gradually lost out on its manufacturing infrastructure, allowing China to become the global production hub. As a consequence, the West has become too dependent on China. This poses a grave danger since the Chinese Communist Party (CCP) will seek to use this dependence to harm Western interests. ...

Jack Roberts

Chinese drug manufacturing.