News Analysis Is there big trouble in little China? The world’s second-largest economy is grappling with a tsunami of economic challenges, from deflation threats to shrinking factory activity. But the new threat to the Chinese economic landscape might be foreign capital waving goodbye to Beijing. In recent years, multinational corporations in many different industries have become concerned with various geopolitical risks, central government intervention, and anemic growth. This is in addition to the wave of domestic problems, like ballooning local government debt and the collapse of the nation’s property sector, which accounts for about 30 percent of gross domestic product....Read more https://www.theepochtimes.com/china/analysis-are-foreign-companies-ditching-china-5525352
In a significant move during the G7 trade ministers’ meeting in Osaka, Japan, a joint declaration was made advocating for the swift repeal of international bans on Japanese seafood imports. This initiative comes against the backdrop of intensified scrutiny over China’s aquatic products, which have reportedly surpassed acceptable heavy metal limits. The meeting concluded on Oct. 29, and culminated in a unified call to action, urging the prompt elimination of embargoes that hinder the trade of Japanese aquatic goods, which also includes the latest import restrictions on Japanese foods. Although no direct references were made, the statement appeared to implicitly challenge the Chinese Communist Party (CCP), demanding an end to the embargo on Japanese food items....
The heads of three Pacific countries–Papua New Guinea (PNG), Vanuatu, and Solomon Islands–have declined to attend this year’s Pacific Islands Forum (PIF) meeting. The decision comes as leaders of the countries continue building ties with the Chinese Communist Party (CCP), which has significantly expanded its footprint in the region in recent years. The three leaders will instead send ministers to PIF, which is held in Rarotonga, Cook Islands, from Nov.6 to 10, 2023. Papua New Guinea Deputy Prime Minister John Rosso will represent his country, while Climate Change Minister Ralph Regenvanu will lead Vanuatu’s delegation. Neither country has explained why their prime ministers are absent....
Fresh waves of protests are breaking out in China, with demonstrators ranging from teachers to medical professionals. A gym collapsed in northeast China, killing three and injuring one. Money and professionals are flowing out of mainland China and toward Hong Kong. What’s causing the exodus? Developing countries owe Chinese lenders over $1 trillion. But how and why is China handing out the loans? Topics in this episode: Teachers, Medical Workers Stage Protests in China Beijing Hands Out Rescue Loans on Belt and Road Debt U.S. ’10-20 Years Behind Asia’ on Batteries: Lawmakers More Wealth Flow from China to Hong Kong: HSBC CEO Talent Scheme Drawing Mainland Chinese to Hong Kong China, Australia Relaunch Annual Leaders Meetings Tokyo Holds Drill Amid N. Korea Missile Fears 3 Dead After Fitness Gym Collapses in China Unseasonable Blizzards Hit Northeast China Beijing Replaces ‘Tibet’ Name with a Chinese Term ‘The Rise of a Second Soviet Union’: Gen. Spalding on China Military Expansion Views expressed in this video are opinions of the host and guests, and do not necessarily reflect the views of The Epoch Times....