Shi Yongxin, the temple’s abbot since 1999, has also had his ordination certificate revoked over allegations that he embezzled funds and had “improper relationships” with women.
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China investigates Shaolin Temple’s head monk on suspicion of financial and sexual misconduct
The Collapse of China’s Property Market Explained
China’s housing market is facing a historic downturn, and the consequences could reach far beyond its borders. Decades of unchecked construction, demographic decline, and mounting developer debt have …
Tech curbs? Not today: Trump courts China with chip diplomacy
Donald Trump paused planned curbs on Nvidia’s H20 chip exports to China, prioritising trade ties and a Xi Jinping summit despite warnings from security experts and ex-officials …
China’s Rare Earth Curbs Can Affect Financial Exposure of Banks to Dependent Sectors
The report mentioned that rare earth being a critical mineral, disruption in supply can impact the financial exposure of banks to the sectors dependent on its usage.
China’s yuan reshaping global order – but US-backed stablecoins seen as a threat
New study shows yuan’s influence growing, but Washington’s digital finance push seen as risk to international monetary order.
US and China to talk in Stockholm as trade truce expiration nears
The talks are a precursor to a potential autumn meeting between US President Donald Trump and Chinese leader Xi Jinping. View on euronews …
Kuaishou, China’s Biggest TikTok Rival, Hit by $20M Bitcoin Embezzlement Scandal
A group of Kuaishou insiders embezzled nearly $20 million, converting it into Bitcoin to obscure the trail. The scheme involved OTC desks, mixers, and multi-hop …
Intense rains lash China swelling waterways, rivers; landslide kills four
Swollen rivers, waterways and reservoirs across China exacerbated flooding and landslides on Monday which killed at least four people, as authorities warned of more intense rains and heightened disaster risks in coming days.
China’s AI action plan highlights a new technological label for old geopolitics: Peter Cowhey
Peter Cowhey, Dean Emeritus and Qualcomm Chair Emeritus of the School of Global Policy and Strategy at UC San Diego, discusses China’s proposal for a global framework for the governance of AI, and the similarities…
U.S. lawmakers urge tech CEOs to address risks to submarine cable infrastructure
US lawmakers are in the process of urging tech CEOs to address the risks associated with submarine cable infrastructure. These issues and risks are very real.
China forges ahead with integrated development of sci-tech, industrial innovation
BEIJING — China is making concrete efforts in promoting the integrated development of scientific and technological innovation with industrial innovation, a guest speaker has told the latest episode …
Beijing issues highest-level rainstorm alert as storms continue
Beijing renewed its rainstorm alert to the highest level at noon on Monday as heavy downpours continued across the city. The heavy rainstorms, ongoing for several days across the capital, have …
Beijing issues rainstorm, flood alerts amid heavy downpours
On Monday morning, Beijing also issued a red flood alert, the highest level. Over 3,000 residents were evacuated from Miyun district on Sunday following heavy rains, local authorities said. Residents …
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