Category: China

China Breaks International Sanctions and Provides $56 Million in Aid to North Korea

You can always count on the Chinese to bust international sanctions:

China has provided rice and fertilizer to North Korea, Chinese data showed Sunday, amid U.N. Security Council (UNSC) sanctions against the North that prohibit any large-scale economic assistance.

According to data from China’s customs office, Beijing provided 1,000 tons of rice, worth about US$1 million, to the impoverished North between May and October of 2018.
The data showed Beijing also provided 162,000 tons of fertilizer, worth more than $55 million, to the North.

The shipments of what appears to have been free assistance followed North Korean leader Kim Jong-un’s visit to China in March 2018, when he held his first summit with Chinese President Xi Jinping.

Yonhap

You can read more at the link, but China is providing this free aid to a country that purchased $640 million in luxury goods from them.

China Declares a “People’s War” Against US Tariffs

The Chinese government must be feeling some economic pain if they are now resorting to pushing nationalism to defend themselves:

Among China’s most surprising responses to the trade war has been its reluctance to use its vast state media empire to rally the home front. That’s changed since U.S. President Donald Trump’s latest tariff barrage.


In recent days, the once-banned phrase “trade war” has roared back into widespread use in Chinese media. Meanwhile, official news outlets gave high-profile play to commentaries urging unified resistance to foreign pressure, including an editorial from the nationalist Global Times calling the trade dispute a “people’s war” and threat to all of China.

Such sentiments have found an eager audience, with a state television video vowing a “fight to the end” attracting more than 3 billion views since Monday. The clip was the most-read piece on China’s Twitter-like social media platform Weibo earlier Tuesday.

The rhetorical shift underscores the risks that China’s Communist Party veers toward a more nationalistic position as the trade war drags on and weighs on economic growth. Chinese President Xi Jinping, like Trump, has promised to rejuvenate his country and can’t afford to look weak in the face of foreign power.
So far, China’s state media have sought to tamp down the kind of patriotic passions that fueled a backlash against Japanese interests when a territorial dispute flared in 2012. Even now, state media commentaries focused the blame on the U.S. government, rather than the country as a whole.
For instance, a commentary published in the Communist Party’s flagship People’s Daily newspaper, avoids any mention of Trump’s name and refers only to “certain people in America who brood over the so-called massive trade deficit,” said David Bandurski of the China Media Project, an independent research program affiliated with the University of Hong Kong.

Bloomberg

You can read more at the link.

Amazon Closes Their Chinese Domestic Marketplace

Is China trying to protect local businesses from international competition or does Amazon just suck at selling goods in China as Chinese critics claim?:

 Amazon says it is curtailing business operations in China, the world’s biggest retail market, after struggling against better entrenched local players for more than a decade. 

The company announced recently that as of July 18, it will no longer provide services through its Chinese website, Amazon.cn. The decision means Amazon will stop selling goods from China-based vendors to domestic consumers on the portal. Although it is moving out of the e-retail business in China, Amazon will continue with its cross-border business, bringing foreign brands and goods to China, the company said.

“Their demand for high-quality, authentic goods from around the world continues to grow rapidly, and given our global presence, Amazon is well-positioned to serve them,” the company said.

The announcement has raised questions about the extremely thin presence of foreign companies in internet-related businesses in China, while Chinese companies like Alibaba create market space for themselves across the world.

VOA News

You can read more at the link.