Jason Gerald Shenk is accused of buying diamonds and gold and gambling with money that was donated by people who thought they were sending religious materials to China.
Monthly Archives For August 2023
20 dead and 27 missing in flooding around Beijing after days of rain
Flooding in and around the Chinese capital of Beijing has killed at least 20 people, state media reported Tuesday, after days of heavy rain.
China turns to rural tourism and smart appliances to boost consumption
Instead of handing out cash, China is trying to make sure consumers and businesses spend where authorities want it to matter economically.
China’s central bank favors downward interest rates for individual housing loans
The People’s Bank of China made clear its stance of favoring downward interest rates and down payment ratio for individual housing loans at a work meeting held Tuesday. The stance is part of the …
Starbucks’ sales in China come roaring back
Starbucks’ China business is back after dropping due to Covid restrictions last year. In the three months ending on July 2, sales at Chinese locations open at least 13 months spiked 46% year-over-year …
China restricting drone exports amid tensions with US
China announced Monday that it will limit the export of civilian long-range drones, citing the war in Ukraine and rising tensions with the U.S. The move comes as reports allege that Chinese-manufactured drones are being…
US banning imports from two more China-based firms over forced Uyghur labor
Two Chinese companies will no longer be able to export to the U.S. due to their use of forced labor … added to the U.S. sanctions list because they use forced Uyghur labor in China’s…
AMD plans AI chip debut by year-end, sees China AI opportunity
Advanced Micro Devices on Tuesday forecast a strong finish to the year, driven by the planned launch of artificial-intelligence chips that could compete with Nvidia semiconductors. AMD shares rose about 3% in after-hours trading.
Solar Power’s China Problem
China spent hundreds of billions of dollars building up its solar industry. Today it controls more than 80 percent of the building blocks for solar panels, dominating production along the entire supply chain. China’s market…
China Cracks Down on Drone Exports in Wake of Ukraine War
Companies like DJI Technology Co. in China have propelled the country to the forefront of the global drone industry. China’s […] The post China Cracks Down on Drone Exports in Wake of Ukraine War …
China’s central bank vows to use multiple policy tools to ensure a steady economic recovery in H2
The People’s Bank of China (PBC), the central bank, on Tuesday vowed to use multiple policy tools to ensure reasonable and sufficient liquidity, support the stable and sound development of the real …
Heineken, Moët & Chandon are the world’s most valuable liquor brands
Moët & Chandon maintains its title as the most valuable Wine & Champagne brand, valued at $1.3-billion, despite the fall in Champagne brands.
China allocates 110 mln yuan for disaster relief in Beijing, Tianjin, Hebei
Rescue teams work to move stranded people to safety on August 1 in Beijing. China has earmarked 110 million yuan (US$15.43 million) to support flood prevention and disaster relief work in Beijing, Tia
