China’s military drills after US House Speaker Nancy Pelosi visited Taiwan sparked alarm around the region, although its trade retaliation barely made a dent — mostly because Beijing doesn’t want to …
Monthly Archives For August 2022
China’s Li Urges More Pro-Growth Policies as Economy Sputters
China’s Premier Li Keqiang asked local officials from six key provinces that account for about 40% of the country’s economy to bolster pro-growth measures after data for July showed consumption and …
China’s New ‘Sky Train’ Doesn’t Need Power to Levitate on a Magnetic Track
China’s latest boundary-pushing train doesn’t need electricity to run. The country has just unveiled Red Rail, the world’s first suspended maglev train, reports the South China Morning Post. Unlike …
China shuts factories, rations electricity as heat wave stifles economy
Production has been suspended in 19 cities and prefectures across Sichuan province until Saturday, as soaring temperatures affect a swath of the country.
Air Force tests ICBM after delay over tensions with China
The Air Force on Tuesday said it had successfully tested an intercontinental ballistic missile (ICBM) nearly two weeks after postponing the launch amid increased tensions with China over Taiwan. The …
Beijing is tanking the domestic economy — and helping the world
Until recently, Chinese consumers borrowed from banks to buy new homes — which had yet to be built — as investment properties. Now, developers are failing to finish their projects for lack of cash, …
In a Rare Move, China Sanctions Seven Taiwanese Officials
It was only the second time the Chinese government announced largely symbolic sanctions against Taiwan’s democratically elected representatives.
Domestic brands rapidly raising their game
Facing fierce competition in the booming domestic market, newly emerged Chinese brands are keen to drive their transformation by strengthening efforts to meet consumer demand and develop their goods.
Woman in China sues co-worker for hugging her so hard he allegedly broke 3 of her ribs
A woman in China filed a lawsuit against her colleague who allegedly broke three of her ribs by hugging her too tightly. The woman from Yueyang city in China’s Hubei province was reportedly talking …
Girl in China seen weeping, begging for forgiveness in front of Confucius statue after bad test score
On Saturday evening in southern China, a young girl was filmed weeping in front of a Confucius statue and begging for forgiveness after receiving a bad test score. The viral video of the girl shared…
The plunge in dry bulk shipping: Ominous signal on China’s economy?
Rates and sentiment in dry bulk shipping have fallen hard. Economic pressures in China appear to be a major culprit.
China’s stricken property market gets a boost as government is set to guarantee bonds of some private developers
Longfor Group will sell an onshore bond of up to US$250 million next week, one of several private developers poised to issue similar notes guaranteed by a state-owned credit enhancement company.
If Tech Transfers Didn’t Build China’s Chip Industry, What Did?
In a new book, economist Li Yin argues that fears of “forced technology transfers” are outdated and based on a misreading of China’s current semiconductor strategy.
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