Allan Gabor, president of science and technology company Merck China, said he believes in the marvelous “China speed” and the country’s growth momentum, which is driven by unremitting efforts to embrace high-quality development through the…
BUSINESS
Foxconn, Apple’s manufacturer in China, said to be under tax audit
The latest company to come under scrutiny is Foxconn of Taiwan. Chinese state media outlets reported Sunday that the company was facing investigations in four provinces. Foxconn, one of the world’s largest manufacturers of electronics,…
Treasury Wine Outlines Plans to Rebuild China Business if Tariffs Removed
Australian vintner Treasury Wine Estates welcomed the announcement that China would conduct an expedited review of its tariffs …
Mexico Is China’s Back Door Into The U.S. EV Market
Imported Chinese brands are already big in Mexico but building cars there would open up tax-free access to the U.S. and Canada …
Foxconn, Apple’s Manufacturer in China, Is Said to Be Under Tax Audit
Chinese state media outlets say the Taiwanese factory giant is under investigation in four provinces. The company said it treated legal compliance as a “fundamental principle.” …
New US curbs on chip exports to China set to escalate battle for tech supremacy
Washington’s tightening of chip curbs on Beijing this week will intensify their battle for tech superiority and add more uncertainty to the relationship, according to observers. They said the US move could also overshadow a…
China enhances its own sci-fi brands during Worldcon
Established in 1991 by China’s leading magazine, “Science Fiction World,” the international convention was held intermittently in 1991, 1997, 2007, 2017, and 2019. This year’s edition, enhanced by the …
More than $1 million in stolen dinosaur bones shipped to China, Justice officials say
Four U.S. residents removed 150,000 pounds of dinosaur bones and remnants over a five-year period, according to allegations. Two remain unindicted.
China doubles down on cryptocurrency crackdown: Central bank Governor reiterates stance
China’s newly appointed central bank Governor Pan Gongsheng has clarified his stance on maintaining financial stability in the country. The governor said he would halt the speculation of crypto …
Top China beermaker opens probe after worker urination video
One of China’s biggest beermakers says it has opened an investigation after a video appearing to show a factory employee urinating on raw ingredients went viral this week. The clip, published online …
‘Happy divorce’: man in China takes revenge at friend’s wedding by wearing T-shirt with nasty message, demanding return of ‘lucky’ dog
A man in China sold his dog to a friend then turned up on his wedding day more than a year later demanding it back after a fortune teller told him the sale had brought…
China coal imports hit record high after surge in air conditioning use
Millions of people turning on air conditioners have prompted China to import record amounts of coal to support its electricity grid.China has imported 348m metric tonnes of coal so far this year, which is already…
Curb on graphite export: China’s tech war with US intensifies
China has announced its intention to control the export of graphite, a key material for electric car batteries, citing national security concerns. This move comes in response to recent restrictions imposed by the United States…