The consulting firm Capvision Partners is the latest to be raided in the name of national security, sending a chill through the foreign business community.
Monthly Archives For May 2023
EU decries China consultancy crackdown as foreign corporate unease grows
The European Union said on Tuesday a crackdown in China on consulting firms was “not good news”, as Chinese state media suggested authorities would intensify law enforcement action to safeguard national security.
China Arrests ChatGPT User Who Faked Deadly Train Crash Story
Chinese authorities have detained a man for using ChatGPT to write fake news articles, in what appears to be one of the first instances of an arrest related to misuse of artificial intelligence in the…
Man generates fake news using ChatGPT in China, gets detained
Chinese regulators have been wary of fake content generated using AI and similar technology and put in place measures to identify them.
Agricultural Bank of China ups support for manufacturing sector
BEIJING – The Agricultural Bank of China, one of the country’s largest commercial lenders, has scaled up support for the manufacturing sector. As of the end of March, the bank’s outstanding loans to …
China’s car sales rise 2.1% in April as price war effect fades
China’s passenger vehicle sales rose by 2.1% in April from a month earlier, industry data showed, underscoring a slower pace of growth as the stimulus effect of price cuts and incentives faded.
TIMELINE-China’s steps to control its data and information
A Chinese investigation of consulting firm Capvision Partners over national security concerns is the latest step in a years-long campaign by Beijing to tighten control of data generated within its …
China Imports Plunge, Export Growth Slows as Recovery Wanes
Chinese imports plunged and export growth slowed in April as the recovery waned, raising concerns about the country’s ability to boost the global economy.
ICBC tops Chinese brand rankings
With a value of $69.5 billion, Industrial and Commercial Bank of China has become the most valuable Chinese brand, according to consultancy Brand Finance. Douyin ranked second, followed by China …
Made-in-China products to take center stage at Shanghai exhibition
Roughly 1,000 Chinese enterprises will showcase their products in an exhibition to be held at the Shanghai World Expo Exhibition and Convention Center from Wednesday through Sunday. A key event of the …
China should set clear rules for due diligence sector amid probes – US business lobby
The American Chamber of Commerce in Shanghai said on Tuesday it was concerned about reports of investigations into U.S. due diligence and consulting firms in China and urged authorities to provide …
China April copper imports fall on sluggish economy, property woes
China’s copper imports in April fell 12.5% from the prior year, customs data showed on Tuesday, curbed by weak demand and a jump in domestic production of the metal.
Hong Kong stocks fall 2% as investors digest China’s trade data; Asia markets mixed
Asian markets are mixed as China releases its trade figures, which will provide clues to its economic recovery …
