China

WSJ Article Alleges Aluminium Stockpile is Liu’s Retirement Fund

WSJ Article Alleges Aluminium Stockpile is Liu’s Retirement Fund

According to an article in yesterday’s Wall Street Journal, a well-traveled aluminium stockpile allegedly connected to China Zhongwang that has made international headlines is actually the founder of the firm’s retirement fund. As explained in the article, citizens of the People’s Republic...

Events

Hongqiao Denies Allegations of Improprieties by Anonymous Short Seller

A short seller has come forward with allegations that China Hongqiao Group is reaping significant profit margins by distributing a hefty and unsustainable debt load to companies it says are intimately related to its founder and other top company men. According to an article in Financial Times, an anonymous short seller has published a report […]

US Commerce Department Says Zhongwang Evaded Sanctions

The International Trade Administration of the United States Department of Commerce announced last week that it believes Chinese aluminium smelter China Zhongwang Holdings has been evading United States trade sanctions. The finding is the latest in a long string of accusations of impropriety leveled at the company this year against its trade practices. The November […]

Ohio’s US Senators Call for WTO Action Against Chinese Aluminum Firms

Ohio’s two United States senators issued a joint press release on Friday urging the United States Trade Representative to bring a World Trade Organization case against the People’s Republic of China over its aluminium overcapacity. The senators say that 15,000 American workers have lost their jobs in the industry over the last decade. “China has […]