China is escalating a crackdown on its online education sector, forcing once high-flying startups to mothball plans for multi-billion-dollar initial public offerings this year.
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Beijing residents celebrate Mid-Autumn Festival with garden activities Photo: Chen Tao/GT
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China Wrecks IPO Plans for High-Flying Education Startups
Chinese private education operators push ahead with IPOs as tighter rules loom
Chinese private education companies are firming up their IPO plans ahead of tighter regulations by Beijing targeting K-12 tutoring.
China reports surge of new Covid-19 cases in Guangzhou city, triggering flight cancellation
China has reported a sudden surge in Covid-19 infections in the country’s south, with 18 new local cases yesterday in the city of Guangzhou, causing a flurry of flight cancellations.
Products of time-honored brands hot at Shanghai expo
Products of time-honored brands have become popular at the China Time-honored Brands Expo 2021 in Shanghai. About 402 brands of 242 time-honored companies from across the country are on display at the …
As China’s Communist Party turns 100, its members’ ‘red genes’ matter more than ever to Beijing
For a decidedly atheist political organization, China’s ruling Communist Party is fond of talking about its origins in religious terms.
China population: millennial couples decry ‘unaffordable’ childcare as fertility rate falls
A lack of affordable childcare, rising living costs and gruelling work hours are making many young Chinese couples think twice about having children.
Despite crypto crackdown in China, traders still betting
The hard-to-trace transactions let traders make secretive bets, making it harder for the government to enforce bans.
China’s manufacturing holds steady, rebound leveling off
China’s manufacturing held steady in May, a survey showed Monday, adding to signs a post-pandemic rebound is leveling off. A monthly purchasing managers’ index issued by an industry group and the …
China’s Apparel Exports Up 51.7% in January-April Period
Global demand for Chinese-made apparel surged in the first four months of the year, reaching $44.41 billion, according to data from the country’s General Administration of Customs, representing a year …
China factory activity nudges down on slower demand, services strong
Factory activity in China nudged down slightly in May on slower demand and higher raw material prices, while the services industry boomed over the Labour Day break, official data showed Monday.
China re-imposes travel curbs on province after virus cases
China has re-imposed anti-coronavirus travel controls on its populous southern province of Guangdong, announcing anyone leaving must be tested for the virus following a spike in infections that has al …
RChain Reshapes Blockchain for Mass Adoption
The carbon emission problem has been repeatedly talked about ever since the Paris Agreement was signed by nearly 200 parties in 2016. As the cryptocurrency craze swept the world in 2020, worries arose …
GOP China Task Force leader says COVID-19 ‘more likely than not’ originated in Wuhan lab
The top Republican on the House Foreign Affairs Committee believes it is “more likely than not” that COVID-19 emanated from the Wuhan Institute of Virology, most likely by accident, rather than …
