China’s “Silicon Valley” manufacturing hub ordered new lockdowns, shutting down the world’s largest electronics market in the southern city of Shenzhen in response to a new outbreak of COVID-19 cases.
Monthly Archives For August 2022
China’s new “sky train” floats under an elevated track, using magnets and AI
The maglev “sky train” can stay afloat using permanent magnets, even without the presence of a power supply. The 2,600-foot-long experimental rail is located in Southern China. A typical maglev train …
How China is pushing for autonomous driving
China has implemented favorable regulations over the past two years to spur the commercialization of driverless vehicles, and Chinese startups are in an all-out race to promote their self-driving …
China tech hub Shenzhen on alert as new Omicron subvariant surfaces
The southern Chinese tech hub of Shenzhen has closed subway stations, banned restaurant dining and locked down shopping malls to battle a fresh coronavirus outbreak caused by a number of Omicron …
Explained | How bad is China’s property crisis and how did it get here?
The housing sector, which accounts for a quarter of the Chinese economic output, has faced a crisis since 2020 and thousands of home buyers are now refusing to pay their mortgages …
With audit deal, China delisting risk ebbs — for now
A deal signed by the U.S. and China last week allowing U.S. inspectors to review the audit records of U.S.-listed Chinese companies could prevent scores of firms from being booted off U.S. stock …
If America refuses to lead globalization, China will
Skeptics are criticizing western sanctions on Russia and COVID inspired hardening of supply chains, as nails in the coffin of globalization, but don’t count on it. The only question is who leads.
USDA Halts Tyson’s Indiana Pork Plant Export To China: Reuters
The U.S. Department of Agriculture has suspended Tyson Foods Inc’s (NYSE: TSN) pork processing plant in Logansport, Indiana, from exporting products to China, Reuters reported. Neither the Agriculture …
Tesla’s Giga Shanghai Transitions From Exports To Local Deliveries
We’ll have to wait a month or more to begin seeing Tesla’s vehicles piling up for export out of China. Over the course of the last few months, we’ve been so surprised by Tesla’s output…
Shenzhen’s retail market supported by government initiatives: report
The outbreak is still slowing down the city’s retail recovery. Although the pandemic continues to slow Shenzhen’s retail market recovery, the Chinese city’s government’s efforts on epidemic control …
Chinese Embassy fires back at Blackburn after Taiwan trip: ‘China has no room for compromise’
The Chinese are firing back after Republican Sen. Marsha Blackburn traveled to Taiwan last week to show support for the country against the CCP.
The Law Offices of Frank R. Cruz Announces the Filing of a Securities Class Action on Behalf of Dingdong (Cayman) Limited (DDL) Investors
The Law Offices of Frank R. Cruz announces that a class action lawsuit has been filed on behalf of persons and entities that purchased or otherwise acquired Dingdong (Cayman) Limited (“Dingdong” or …
IPO reform on ChiNext board invigorates China’s capital market
China’s registration-based initial public offering (IPO) system has brought a new dynamic to the capital market since it was expanded to the Shenzhen-based ChiNext board two years ago. A total of 355 …
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