The Chinese banking sector is facing a severe crisis. In just one week, 40 banks disappeared, and the collapse of Jiangxi Bank has further deepened the sector’s problems. Experts warn that the …
Monthly Archives For July 2024
How Xi Can Shock the World With Big-Bang Moves at China Plenum
China has the firepower to end its housing crisis at a high-stakes policy meeting, including with a “big-bang solution” that involves pumping money like the Federal Reserve. But it’s unlikely to pull …
Shenzhen car wash employs people with intellectual disabilities
SHENZHEN — At a car wash nestled within the bustling city of Shenzhen, a group of employees start their day at 8 am with a self-devised routine. They spray water, work up a foamy lather…
Hungary’s Orban holds talks with Xi during surprise Beijing visit, days after meeting Putin
Hungarian Prime Minister Viktor Orban met with Chinese leader Xi Jinping in Beijing Monday, days after a controversial visit to Moscow and another to Kyiv that the far-right European leader described as a “peace mission.
Inside Louis Vuitton’s ‘Beijing Fun’ City Takeover: From Pop-up Bookstore to Ping-pong in the 798 Factory
Louis Vuitton‘s latest iteration of the pop-up gift shop and bookstore format, which was first launch at Shanghai’s Suzhou Creek last October, has turned up in Beijing. Titled “Beijing Fun,” which is a phonetic play…
26 million tons of clothing end up in China’s landfills each year, propelled by fast fashion
Textile waste is an urgent global problem, with only 12% recycled worldwide, according to fashion sustainability nonprofit Ellen MacArthur Foundation.
China dials up scrutiny of Big Four audit firms after Evergrande probe, sources say
China’s Ministry of Finance’s scrutiny is mainly focused on Deloitte, EY, PwC, KPMG and their audits of some financial firms as well as highly leveraged companies.
China Watchdog to Tighten Stock Trading Rules to Boost Oversight
Meanwhile, China Securities Finance Corp., the country’s biggest stocks lending provider, will suspend its securities lending business starting July 11, with outstanding contracts to be settled by the …
China’s Xi Jinping Gets Mixed Reviews After A Decade In Power
Confidence in Xi’s leadership is generally high in surveyed African and Southeast Asian countries and lower in North America and Europe.
China Denies ‘Monster Ship’ Accusation
Beijing falsely cited international maritime law for the 540-foot Coast Guard vessel in the Philippines’ exclusive economic zone.
Finance is No Longer the Darling Career in Xi Jinping’s New Economic Order
In tandem with these measures, Beijing has introduced salary caps for financial professionals … The dream of a lucrative and stable career in finance has turned into a challenging and uncertain …
Premier faces China’s economic issues square on in meeting as inflation adds to pressures
Premier Li Qiang met business leaders and economists on Tuesday before inflation data pointed to persistent pressures for China’s economy.
Coronavirus reminds you of death – and amplifies your core values, both bad and good
Because of the coronavirus, death reminders are all around. Front-line reactions range from efforts to shelter at home, maintain social distancing and wash hands frequently to dismissing the threat by …
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