In a ruling from the United States Federal Court in March 2025, the Chinese government was ordered to compensate the state of Missouri with $24 billion. The reason behind this ruling was that China had concealed the truth about the outbreak of the COVID-19 pandemic in its early stages and hoarded personal protective equipment, causing a global shortage of epidemic prevention resources and resulting in significant loss of life and property to the United States.
To retaliate against the United States, the Chinese Communist Party (CCP) has also initiated a lawsuit demanding a massive $50 billion in compensation, accusing Missouri of posing an “economic and reputational threat” to the People’s Republic of China. With China’s fiscal deficit soaring this year, it seems they are now looking to cash in on the US.
As China’s economy continues to decline and the business environment deteriorates, foreign investment is rapidly retreating, with Japanese companies like Canon’s Zhongshan factory and Sony’s Huizhou factory closing down one after another. The news of Canon providing high compensation to its employees has sparked public outrage, contrasting sharply with the frequent labor disputes among Chinese companies in recent years. However, mainland Chinese media criticizes this move as “malicious compensation disturbing the market.”
Subscribe to the YouTube channel:
https://www.youtube.com/@%E6%99%82%E6%94%BF%E6%98%A5%E7%A7%8B
Subscribe to the Clean World Channel:
https://www.ganjingworld.com/zh-TW/search?s