She’s the latest celebrity to be targeted as China continues its scrutiny of the rich as part of a “common prosperity” drive to narrow the wealth gap.
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China shares rise as inflows recover; Meituan lifts Hang Seng
Chinese A-shares and Hong Kong’s main Hang Seng Index rose on Wednesday, as global investors regrouped a day after the Ukraine crisis sparked a sell-off, and as Chinese state media sought to reassure …
China tutors brave class on corporate reinvention
An education crackdown decimated businesses like New Oriental, which laid off 60,000 staff and reversed into a $876 mln half-year net loss. Its new ventures include e-commerce. Yet tales of extreme …
China’s Covid-zero policy forces some NZ businesses to suspend exports
Despite the risk of catching the coronavirus from food being considered highly unlikely, as part of China’s Covid-19 zero policy food producers who experience positive cases at their sites are …
Jinhui Mining Gains Nearly 44% In China Stock Debut As IPO Mints New Billionaire
Shares in Jinhui Mining, a China processor of lead, zinc, silver and other minerals, rose by nearly 44% on their first day of trading at the Shanghai Stock Exchange on Tuesday, adding a newcomer to…
Rogues’ charter: Ukraine crisis could see China create third ‘shadowy’ tanker trade
Broker BRS says Chinese importers could turn to veteran ships if mainstream owners fear sanctions against Russian business …
China Fines Another Live-Streamer After Tax Evasion Probe Widens
The latest penalty came after the watchdog fined top live-streamer Viya a record $210 million in December, accusing her of concealing personal income and making false declarations …
Why Nike and Adidas no longer dominate in China
Chinese consumers are no longer patronizing Nike and Adidas like they used to, a trend that is purportedly driven by nationalistic rejection of forced labor accusations against the country. The …
Debt-Ridden China Evergrande to Stay in Soccer Business, Chairman Says
The chairman of China Evergrande Group has reportedly said the debt-laden property developer will continue in the soccer business. Evergrande will develop its soccer club Guangzhou Evergrande into a …
Price volatility after import duty: Solar developers step up module purchases from China
Indian solar developers have advanced their module purchases from China for projects scheduled up to December quarter of 2022 to ward off the threat of price volatility expected after basic customs …
49 Bitcoin Mining Rigs Detained by China Customs Over False Declaration
As per a report from the local news agency China News, the Guangzhou Huangpu customs detained about 49 second-hand crypto mining rigs of the Antminer series from Bitmain. This is the third incident in …
China General Chamber of Commerce – USA to Host Lunar New Year of the Tiger Gala
The China General Chamber of Commerce – USA (“CGCC”) today announced that it will host its 2022 hybrid Lunar New Year of the Tiger Gala on Tuesday, February 22 nd, 2022, at Cipriani and virtually.…
US companies are colluding in China’s domestic oppression
The Chinese government today is engaged in two dangerous projects: the systematic repression of its people and the escalation of its strategic rivalry with the United States. Some of America’s largest …
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