Suppliers said that many merchants on the shopping platform have shut down factories and incurred debts after it started imposing hefty penalties over what was deemed to be after-sales issues.
Tagged By covid-19
China Imposes Sanctions on Jim McGovern: ‘Deeds That Interfere’
Massachusetts Representative Jim McGovern has been sanctioned by China over accusations of interference in the country’s affairs.
North Korea wins first diving medal ever, as China continues dominance with another gold
North Korea won the silver in the women’s synchronized 10-meter platform event to capture the nation’s first ever Olympic diving medal, as China continued its dominance of the sport with another gold.
Oil rises as Mideast tensions overshadow China data concerns
Oil prices climbed around $2 on Wednesday, rebounding from 7-week lows, as the killing of a Hamas leader in Iran ratcheted up tensions in the Middle East and overshadowed concerns about weak China …
China Wants to Start a National Internet ID System
The government said the proposal would protect online privacy. Critics said it could further concentrate government control over the internet.
China Stocks Spur Emerging-Market Gauge as Focus Moves to Fed
Emerging-market equities rose the most in three weeks, buoyed by earnings and a rally in Chinese stocks as weak data fueled hopes for stimulus.
Olympics-Table Tennis-China’s newly crowned Wang suffers shock elimination by Swedish Moregard
By Krystal Hu Paris – Less than 24 hours after celebrating his gold medal win in the table tennis mixed doubles, China’s Wang Chuqin suffered a shock exit in the singles event to Sweden’s Truls…
China’s Economic Tea Leaves Offer Optimism for Metals Bulls
For more evidence that we might be at a turning point, look no further than the red metal. The bellwether industrial commodity has lost almost a fifth of its value since mid-May, largely on the…
China Home Sales Slump Drags On Despite Latest Rescue
China’s residential slump deepened again in July despite the country’s most forceful efforts yet to support the property market.
The US is about to introduce a new rule to clamp down on AI chip equipment exports to China, Reuters reports
The Biden Administration is preparing to announce a new rule that will give the US powers to block exports to Chinese chipmakers, Reuters reported.
China accuses US lawmaker McGovern of interference, imposes sanctions
China has imposed sanctions on U.S. lawmaker Jim McGovern on the grounds of interference in the country’s affairs, freezing assets and barring him from conducting transactions in China, the Chinese …
China to adjust drone export control measures from Sept. 1
China’s commerce ministry said on Wednesday it will adjust export control measures for drones, effective from Sept. 1.
US is not a party to South China Sea issue, says Chinese foreign ministry
A spokesperson for China’s foreign ministry said on Wednesday that the United States is not a party to South China Sea issues and warned the Philippines that wooing other countries to provoke …
