China

As China's economy shows signs of slowing down, a growing number of foreign companies are reconsidering their investments. Concerns over weakening growth, regulatory unpredictability, and geopolitical tensions are prompting these companies to pull out their funds. The once-booming market now faces challenges such as reduced consumer spending and supply chain disruptions. As a result, businesses are redirecting their investments to more stable and promising markets, seeking to mitigate risks and sustain profitability amidst China's economic uncertainties. This shift underscores the broader impact of China’s economic deceleration on global business strategies. Last quarter, foreign companies pulled more money out of China, indicating ongoing skepticism about the country's economic pr...

The International Monetary Fund (IMF) on October 22 presented World Economic Outlook report and found China faltering with a lowered growth forecast to 4.8% in 2024 as compared to 5% in 2023 despite a number of stimulus packages injected by the Xi Jinping’s regime in the recent times. The IMF report highlighted China’s weakening property sector and low consumer spending as the major reasons for its failing economy.  IMF has forecasted China’s growth rate to be at 4.5% in 2025 even when there are good number of measures taken such as increased net exports and more funds released to support country’s growth. China’s woes don’t end here as its constant trade war with the United States has resulted in new tariffs being imposed by both the countries on each other and these trade ta...

Price Waterhouse Coopers (PWC) faces severe repercussions following the Ever Grande financial fraud scandal. Numerous Chinese companies are terminating contracts, potentially costing PWC 561 million Yuan in audit revenue, reducing income by two-thirds. The scandal has also led to major layoffs, with employees sharing farewell messages on Xiao Hongshu, and many former PWC staff actively seeking new positions on job-seeking platform Boss Zhipin. PWC cited external factors and market demand for recent layoffs, heavily affecting the Guangzhou audit department. Similar cuts occurred in Beijing and Shenzhen. The Shanghai office required staff to take 120 unpaid hours while earning only 20% of their salary. PWC also halved the annual income of its highest-earning partners. The Ever Grande...

The Chinese Communist Party (CCP) poses an unprecedented threat to global stability and American interests. As the CCP aggressively pursues economic dominance and military superiority, the United States must employ every tool at its disposal to counter this challenge. Among these tools, tariffs stand out as a potent weapon in the economic war against communist China. The CCP's ambitions are clear and alarming. Under the guise of "peaceful rise," the party has systematically exploited the global economic system, engaged in widespread intellectual property theft, and pursued predatory trade practices that have decimated American manufacturing. The CCP's ultimate goal is not merely economic success, but global hegemony, with the United States as its primary obstacle. To achieve thi...