State of Mankind

China Fines US Due-Diligence Firm Mintz $1.5 Million | China In Focus



A $1.5 million fine was dumped on a U.S. firm by Beijing, marking China’s latest clampdown on Western businesses. Washington removed 27 Chinese companies from its export blacklist, as the U.S. commerce secretary prepares to visit China next week. In a new move to beef up defense against China's nuclear missile threat, the United States and Japan hammered out the details ...

Eris COVID Variant: The Alarming Concern That Could Lead to New Restrictions



There’s a new variant of COVID-19, known as BA.2.86, or “Eris.” Various news outlets are framing it as being a new risk, and concerns are circulating that it could trigger governments to revive some COVID restrictions. Meanwhile, Evergrande Group—one of China's largest real estate companies—has filed for bankruptcy in New York. And in other news, overnight country ...

China Accuses CIA of More Alleged Spy Recruitment | China In Focus



Deepening its anti-espionage campaign, Beijing is pointing the finger at the CIA again over alleged spy recruitment. China's "underwhelming" interest rate cut struggles to reignite subdued economic sentiment. Chinese leader Xi Jinping ventures out of China for just the second time this year. He's headed for a summit in South Africa, and is expected to top the in-person ...

China’s Evergrande Files for Bankruptcy in NY Court | China In Focus



Chinese real estate company Evergrande filed for bankruptcy protection in the United States. Companies covering 40 percent of Chinese home sales have defaulted. Flooding continues in Southern China. Torrents washed people away and streets turned into rivers. President Joe Biden is hosting two treaty allies Japan and South Korea Friday—a first standalone summit between the ...

Protests After China Asset Manager Misses Payments | China In Focus



Protests have been sparked in China. Investors are now demanding their money back as another Chinese asset manager misses debt payments. So what's the situation with China's real estate crisis? American financial giant JPMorgan Chase said China's economy is staring down the barrel of a “vicious cycle.” Meanwhile, the head of the Chinese Communist Party is calling for "patience." ...