A look at the fight against illicit seafood: China’s role in it, the companies involved, and why the U.S. is cracking down on the practice now.
U.S. sanctions enforcers have a new sector in their sights: illegal fishing. Last week, the Treasury Department imposed some of its harshest financial sanctions on two large Chinese fishing companies and their top executives, in a major show of force by the Biden administration.
One of the sanctioned companies, Pingtan Marine Enterprise, is publicly listed on the Nasdaq stock market, making it the first time that Washington has imposed “Global Magnitsky” sanctions, which target the
Exclusive longform investigative journalism, Q&As, news and analysis, and data on Chinese business elites and corporations. We publish China scoops you won't find anywhere else.
A weekly curated reading list on China from David Barboza, Pulitzer Prize-winning former Shanghai correspondent for The New York Times.
A daily roundup of China finance, business and economics headlines.
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Bob Fu's relationship with China has gone through phases. First, he thought money would solve his problems there; then he joined protesters at Tiananmen Square, thinking the politics could change. In the end, he determined, only God could save China, and he's been fighting for religious freedom in China ever since he resettled in Texas. With his nonprofit, ChinaAid, prospering like never before, he says the U.S. is finally catching on.
A podcast about how the two nations, once friends, are now foes.
Hear why things are so complicated now. Host Jane Perlez, former New York Times Beijing bureau chief, talks with diplomats, spies, cultural superstars like Yo Yo Ma, and more to understand why the dangers are so high, and why relations went awry.