SHANGHAI — China is looking to catch up with rivals like the United States and Germany in high-end technology, making a major push with a "Made in China 2025" strategy that identifies 10 key sectors, including robotics, aerospace and clean-energy cars. ( read original story ...)
Beijing beauty salon investigated after woman, 78, spends US$44,000 on treatments
Beijing’s industry and commerce authority is investigating a claim that a 78-year-old woman was defrauded by being coaxed into spending large sums of money at a beauty salon, a report claims. The woman spent 274,500 yuan (US$43,700) on several treatments ... ( read original story ...)
China Huarong confirms chairman departs after probe, shares tumble
Huarong said in a statement to the Hong Kong stock exchange late on Thursday that Lai’s departure “will not cause any adverse impact to the business.” Wang Zhanfeng, head of the Guangdong branch of China’s banking regulator, had been lined up as ... ( read original story ...)
China is obsessed with stopping jaywalkers — and is now spraying them with water
One city in China has built bollards that spray jaywalkers with water, and tell pedestrians that "Crossing is dangerous." The system also uses facial recognition technology to capture and shame wayward walkers. Facial recognition technology is being used ... ( read original story ...)
Beijing 2022 urged to be cost-efficient by Samaranch during latest IOC Project Review visit
Beijing's preparations for the 2022 Winter Olympic and Paralympic Games have been backed by the chairman of the International Olympic Committee (IOC) Coordination Commission Juan Antonio Samaranch following his latest visit to the Chinese capital. ( read original story ...)
Exclusive: U.S. sorghum armada U-turns at sea after China tariffs
CHICAGO (Reuters) - Several ships carrying cargoes of sorghum from the United States to China have changed course since Beijing slapped hefty anti-dumping deposits on U.S. imports of the grain, trade sources and a Reuters analysis of export and shipping ... ( read original story ...)
In Beijing encounters, a wayward soul stumbles toward self-discovery
I like to watch the beautiful women of Beijing spit on the street. My journey to get to the capital of China was arduous. I got an hour of sleep on the plane. My first 24 hours here came without closing my eyes. That first evening, a friend insisted on ... ( read original story ...
Beijing Restricts Building Heights in Prime District — Derails RMB 8.6B in Office Projects
The Beijing government has retroactively restricted the height of buildings in a prime plot of the city’s core business district to as low as 100 metres, truncating the building heights and potential investment returns of developers who purchased more ... ( read original story ...)
Warnings to Taipei and Washington: China takes real and verbal shots across Taiwan Strait
"I don't know why we have to be bound by a One China policy," he told a Fox News interviewer, "unless we make a deal with China having to do with other things, including trade." He drew diplomatic protests from Beijing. Many countries, including Canada ... ( read original story ...)
Rise of Xiaomi: the Chinese start-up poised to become world’s biggest IPO of 2018
I think Xiaomi’s business model is very different from theirs, even if it has absorbed some of their uniqueness Lei Jun China’s securities regulator showed its goodwill by approving a 27 billion yuan IPO application by Foxconn Industrial Internet in ... ( read original story ...)