Herbalife, the nutritional supplements company, has agreed to pay penalties of more than $123 million to resolve charges that it conspired to bribe to Chinese officials and falsify its books to boost … ( read…
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Herbalife to pay $123 million to settle China bribery charges
Is China’s ‘new’ strategy of economic self-reliance just a rehashing of an old idea? This long-time China watcher thinks so
China’s ‘dual-circulation’ strategy to boost consumption and reduce reliance on overseas markets dates back to the late 2000s, says veteran China observer Michael Pettis. ( read original story …)
Uncertainty Is Slowing U.S-China Investment Flows: Forbes China Forum
China relations is hurting investment flows between the two countries, the president of an influential U.S.-China business group said at an online forum organized by Forbes China on Wednesday. ( read original story …)
Regulated Blockchain: A New Dawn in Technological Advancement
For blockchain to be widely accepted, there will be a need for some level of assimilation with the traditional way of doing things. ( read original story …)
China’s IPO Mania Creates Three New Billionaires in One Week
The pace of wealth creation in China just reached a whole new level.Just ask Hu Kun, chairman of Contec Medical Systems Co. Shares of the instruments maker surged more than 10-fold in its market debut…
Why China is bleeding and is caught in its own trap
Till the Corona virus was exported deliberately to the entire world, China went from being an economic giant to the most distrusted country worldwide. Even its very few allies are considered failed … ( read…
China Captures Hong Kong Activists Fleeing to Taiwan by Sea
Chinese authorities have detained a dozen activists from Hong Kong who were attempting to leave the territory via speedboat, according to people familiar with the attempt and the individuals captured, … ( read original story…
Trump or Biden? China expects no favours either way
But this year they also provided a key insight for China Inc as it navigates its rocky relationship with the US. Several insiders at Chinese technology firms say have told me that a Joe Biden…
U.S. says Herbalife to pay $123.1 million to resolve China bribery case
Authorities said Herbalife schemed from 2007 to 2016 to bribe Chinese officials with cash, entertainment, meals and travel to obtain direct selling licenses, reduce government scrutiny and suppress … ( read original story …)
Coronavirus update: US confirms first COVID reinfection as China shows vaccine progress
The potential for recovered COVID-19 patients to become reinfected has created a new and worrisome wrinkle, as a confirmed reinfection case in Nevada detailed on Friday converged with fears from one … ( read original…
Herbalife enters deferred prosecution agreement over alleged corruption in China
Herbalife Nutrition Ltd has entered a deferred prosecution agreement to settle U.S. government charges it provided corrupt payments and benefits to Chinese officials, including in government agencies … ( read original story …)
China ‘Kills’ Luxury: The Coronavirus May Have Changed Upscale Buying Forever
China will still drive sales for high-end brands. But luxury retailers are now forced to look beyond China for markets. ( read original story …)
South China Sea war fears: US accuses Beijing of threatening peace – tensions explode
READ MORE: Beijing erupts as US imposes sanctions over South China Sea islands Visa restrictions will now apply to individuals and businesses “responsible for, or complicity in, either the large-scale … ( read original story…
