Privatization
Transferring something from the public sphere to the private
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| March 2025 | FCC opened an investigation into China Unicom and other Chinese companies regarding potential violations of U.S. operational restrictions. |
| March 2025 | U.S. House Select Committee on Strategic Competition between the United States and the Chinese Communist Party initiated an inquiry into China Unicom. |
| January 2025 |
Shock therapy
Torcuato Di Tella University estimated the poverty rate at 33.5% by the end of January.
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| 2024 |
Shock therapy
Argentina became a net energy exporter for the first time in 14 years, driven by the Vaca Muerta shale formation.
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| 2024 |
Shock therapy
In Argentina, shock therapy economic policies are being considered or implemented, potentially involving rapid and dramatic economic reforms to address economic crisis or hyperinflation.
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| 2024 |
Shock therapy
Poverty rate in Argentina spiked from 41.7% in late 2023 to 52.9% in early 2024, though by the third quarter it declined to 38.9%.
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| 2024 |
Shock therapy
Wages in Argentina rose by 145.5%, outpacing the 117.8% inflation rate, with average wages in dollars doubling to $990.
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| 2024 |
Shock therapy
Argentina's GDP contracted by 2.1% in the first quarter and 1.8% in the second quarter, but expanded 3.9% in the last quarter of the year.
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| 2024 |
Shock therapy
The Argentinian Peso appreciated by 44.2% against the dollar, outperforming all other global currencies.
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| 2024 |
Shock therapy
Milei devalued the official Argentine currency by 50% and implemented a policy of monthly 2% devaluations to close the gap between official and parallel exchange rates.
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| 2024 |
Shock therapy
Milei planned to dismantle existing capital controls and regulations, and eliminate 90% of current taxes in Argentina.
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| 2024 |
Shock therapy
Javier Milei enacted drastic economic reforms, including firing 24,000 federal employees and setting a goal to cut 50,000 more government positions.
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| December 2024 | U.S. Court of Appeals for the Ninth Circuit rejected China Unicom's challenge of the 2022 FCC revocation of its U.S. operation authorization. |
| December 2024 |
Shock therapy
A Gallup poll revealed 53% of Argentinians believed their standard of living was improving, reaching levels not seen since 2015.
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| November 2024 |
Shock therapy
Inflation returned to 2.4% per month, with an underlying monthly inflation rate of only 0.4% after factoring in the 2% intended monthly devaluation.
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| November 2024 |
Shock therapy
Monthly inflation in Argentina returned to 2.4%, with an underlying inflation rate of just 0.4% after factoring in the 2% intended monthly currency devaluation.
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| October 2024 |
Shock therapy
CEPA reported that private sector wages had nearly returned to November 2023 levels, while public sector incomes remained 14.8% lower.
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| October 2024 |
Shock therapy
Milei announced the shutdown of AFIP (Administración Federal de Ingresos Públicos), the Argentine tax agency, with plans to terminate over 3,000 'irregularly hired' agents and reduce senior and lower-level positions.
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| March 2024 | Intelligence Online reported an ad circulated by former French special forces soldiers seeking 3000-4000 foreign recruits, backed by Abu Dhabi-based Manar Military Company (MMC), suggesting the UAE's potential establishment of an elite foreign legion. |
| January 2024 |
Shock therapy
Poverty rate spiked from 41.7% in late 2023 to 52.9% in early 2024 during the first months of Milei's administration.
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| 2023 |
Shock therapy
Javier Milei won the presidential election, driven by widespread dissatisfaction with the previous left-wing economic approach.
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| December 2023 |
Shock therapy
Inflation peaked at 25% per month, pushing Argentina into a state of hyperinflation.
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| September 2023 |
Shock therapy
Rental housing supply reduced by 80% compared to 2015, highlighting the economic strain.
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| February 2023 | Russian Prime Minister Mikhail Mishustin signs a decree allowing Gazprom to launch a mercenary army. |
| 2022 | GREE Electric began sponsoring Real Betis Balompié, a professional football club. |
| 2022 | GREE Electric became a sponsor of the AFF Mitsubishi Electric Cup 2022, selected alongside other companies like Maspion Holdings, Wuling Motors, Mercedes-Benz, Tiger Brokers, and Yanmar. |
| 2022 |
Shock therapy
Inflation rose dramatically, escalating from 2.4% per month to a significant economic challenge.
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| September 2022 | FCC added China Unicom to a list of companies considered 'national security threats'. |
| February 2022 | Following the Russian invasion of Ukraine, China Unicom continued its operations in Russia through its subsidiary China Unicom (Russia) Operations Limited Liability Company, maintaining business despite international sanctions. |
| January 2022 | Wagner Group begins deployment in the Russian invasion of Ukraine, fighting alongside Russian Armed Forces in early 2022. |
| January 2022 | FCC revoked China Unicom's authorization to operate in the United States, giving the company 60 days to cease telecommunications services. |
| 2021 |
Shock therapy
The government implemented capital controls and tightened the currency, creating two diverging exchange rates: official and parallel.
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| 2021 | Sinopharm expected to produce one billion doses of the BIBP vaccine during the year, supporting global COVID-19 vaccination efforts. |
| May 7 2021 | World Health Organization (WHO) approved the Sinopharm BIBP COVID-19 vaccine for use in the COVAX global vaccination program. |
| March 2021 | FCC initiated proceedings to revoke China Unicom's authorization to operate in the U.S. due to 'national security' concerns. |
| January 2021 | New York Stock Exchange delisted China Unicom in consequence of the U.S. executive order. |
| December 2020 | The Guardian reported allegations of a surveillance campaign by China Unicom against Americans through Caribbean mobile networks, specifically involving Cable & Wireless Communications and BTC. China Unicom officially denied these surveillance allegations. |
| December 2020 | UAE announced interim results showing 86% efficacy for the Sinopharm BIBP COVID-19 vaccine, demonstrating promising vaccine performance. |
| October 2020 | Federal Communications Commission requested the Department of Justice assess whether China Unicom poses a 'national security risk'. |
| August 2020 | United States Department of Defense published a list of companies with ties to the People's Liberation Army, including China Unicom. |
| July 11 2020 | China Unicom launched the 'FuLu Companion Card' in partnership with Lu Han, marking a step in 5G development and appointing Lu Han as a 'China Unicom Innovation Partner'. |
| June 2020 |
Shock therapy
The Peronist government introduced strict rent controls, temporarily suppressing prices but ultimately leading to a significant reduction in rental housing supply.
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| 2019 | Deborah D. Avant and Kara Kingma Neu publish 'The Private Security Events Database' in the Journal of Conflict Resolution, contributing to systematic research on private military companies. |
| 2019 | Ranked 820th in Forbes Global 2000 edition. |
| 2019 |
Shock therapy
Argentina introduced exchange controls to curb increasing inflation, marking the beginning of economic interventionist policies.
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| 2019 | Austria constitutionally forbade the privatization of water provision, signaling a shift away from water privatization. |
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This contents of the box above is based on material from the Wikipedia articles Wanhua Chemical Group, Private military company, Public/social/private partnership, Sinopharm Group, China Unicom, Shock therapy (economics), Water privatization & Gree Electric, which are released under the Creative Commons Attribution-ShareAlike 4.0 International License.