Property developer China Evergrande Group said on Wednesday an independent committee found its directors fell “below standards” through their involvement in diverting loans secured by unit Evergrande …
Monthly Archives For February 2023
Single Mothers in China Face Fewer Hurdles as Beijing Tries to Boost Births
In a demographic bind, the Communist Party becomes more accepting of out-of-wedlock births.
China Accuses U.S. of Flying Balloons Over Xinjiang and Tibet
The accusation came days after Beijing claimed that the United States had sent airships over China multiple times, ramping up tensions between the two superpowers. Send any friend a story As a …
China semiconductor trade group warns US pact with Japan, Netherlands to tighten chip export controls threatens global industry, free trade
CSIA’s response comes about two weeks after the US, Japan and the Netherlands reportedly reached an agreement to impose export controls against China covering certain chip-making equipment, such as …
China expresses support for Sri Lanka ahead of lenders meeting
The China Export-Import Bank last month offered Sri Lanka a two-year repayment suspension. An American official said that was too little and called on Beijing to offer more relief. “We are in direct …
Gucci China, US slump pushes Kering sales down 7%
Sales at French luxury group Kering fell 7% in the fourth quarter, dragged lower by a slump in revenue at its biggest brand Gucci which was hit by COVID lockdowns in China and weaker demand…
China Threatens U.S. Entities Over Downing Of Balloon
BEIJING (AP) — China said Wednesday it will take measures against U.S. entities related to the downing of a suspected Chinese spy balloon off the American East Coast. At a daily briefing, Foreign Ministry spokesperson…
China threatens ‘countermeasures’ against US entities after spycraft shootdown
The People’s Republic of China threatened Wednesday to take action against U.S. agencies responsible for destroying and recovering one of its surveillance balloons. Chinese Ministry of Foreign Affairs spokesman Wang Wenbin made the vague threat…
Conflux Network to Build Blockchain-Based SIM Cards in Partnership With China Telecom
Blockchain protocol Conflux Network will build blockchain-based SIM cards in partnership with China Telecom, the second-largest wireless carrier in China with an estimated 390 million subscribers, as …
Tesla has growing competition in China — these are the most popular electric SUVs you can’t buy in the US
Chinese auto companies like Warren Buffett-backed BYD are making trouble for Tesla in its most important market.
China’s elderly protest against health insurance reforms
Tens of thousands of Chinese pensioners took to the streets on Wednesday to protest against health insurance reforms introduced as cash-strapped city governments seek to control spending in the aftermath of Xi Jinping’s costly zero-Covid…
Elderly protest health insurance cuts in China’s Wuhan
A protest broke out in central China’s Wuhan on Wednesday as elderly residents showed their discontent with a local government reform to public health insurance that came into effect earlier this month.
ASML says ex-China employee misappropriated data relating to its critical chip technology
In this article ASML, one of the world’s most critical semiconductor firms, said Wednesday that it recently discovered that a former employee in China had misappropriated data related to its …
