Deloitte is fined 211.9 million yuan ($30.8 million), the Ministry of Finance said in the statement …
Monthly Archives For March 2023
China Suspends Deloitte’s Beijing Office Over Huarong Auditing
China suspended the operations of Deloitte & Touche LLP’s Beijing office for three months and fined the … a review and a hearing the Ministry of Finance found that Deloitte had “serious audit …
China’s PBOC to Cut Banks’ Reserve-Requirement Ratio by 0.25 Percentage Point
China’s central bank said Friday that it will lower the amount of deposits banks have to set aside, underscoring Beijing’s efforts to kick-start economic growth this year. The People’s Bank of China …
COVID-19 found in ‘raccoon dogs’ in China | READ DETAILS
Image Source : PIXABAY. COVID-19 found in raccoon dogs in China, strengthens natural origin theory: Report. COVID-19 update: A new analysis of genetic samples collected from a seafood market in …
Baidu says it can now operate robotaxis in Beijing with no human staff inside
Chinese tech company Baidu announced Friday it can now operate robotaxis in a part of the capital city of Beijing with no human staff or driver inside. Since the third quarter, Baidu claimed that in…
China revives ruling party control of financial oversight
The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday. The changes come as Chinese President Xi Jinping sees unity under the party …
The Anti-China Offensive
Earlier in China’s economic rise, 800 million people were liberated from abject poverty through economic growth based on exports produced with extremely cheap labor. But many people are still poor. In …
House GOP: Money from China went to 4 Biden family members
Fox News contributor Kellyanne Conway and Fox News senior political analyst Juan Williams react to revelations in probe of the Biden family business deals as the House GOP piece together the money …
Volkswagen joins China price war as new emissions rule looms
SAIC Volkswagen Automotive is offering 3.7 billion yuan ($537 million) in cash subsidies for car purchases in China, joining more than 40 brands in slashing prices ahead of a change in emissions rules …
Column: China’s uneven economic recovery to be mirrored in commodity imports
China’s economic recovery appears to be on track, but is unevenly spread across sectors, which is likely to result in a similar pattern for its imports of major commodities.
China shipping weapons, body armor to Russia: report
The state-owned defense contractor, China North Industries Group Corporation Limited, sent CQ-A rifles to the Russian company Tekhkrim in June 2022, according to customs data. Although these rifles …
China supplied rifles and body armor to Russia in 2022, Politico reports
Read also: Washington suggests direct China-Ukraine talks According to customs data, Russian companies also received 12 shipments of drone parts and more than 12 tons of Chinese-made body armor, …
China remains German electrical industry’s top trading partner
In January, German exports to China increased by 3.1 percent year-on-year to 1.9 billion euros (2 billion U.S. dollars), while imports from China rose by 12 percent to 7.4 billion euros, according to …
