Business

Human Rights 05/19/22, 10:00

According to Timednews, several residents have rushed to the Hongqiao Railway Station to leave Shanghai since Beijing officials announced gradually lifting the lockdown in three phases on May 16. Citing a staff at Hongqiao Railway Station, the paper reported that around 13,000 people had left Shanghai from the station on May ...

Economy 05/19/22, 09:32

China's zero-Covid policy is driving global tech manufacturers and exporters to shift away from the country's tech capital of Shenzhen. They are finding alternative destinations such as Vietnam, especially during the first months of this year when China's cities are imposing lockdown measures to contain the Covid epidemic. Statistical data released ...

News 05/18/22, 05:37

"Amber Donnals was sitting on her porch when she heard an explosion, followed by screams. She turned to see her son, Bryan, 6, running toward her, his clothes on fire and flames shooting up at the rear of the Donnalses' mobile home. He'd been riding his newly minted, Chinese-made ATV… ...

Human Rights 05/17/22, 01:07

China recently ordered a tightening of Chinese overseas investment emigration. Some American lawyers revealed that Chinese people have changed tactics. They are reverting to applying for L1 visas to emigrate to the U.S. In May, China released new laws tightening its control over investment emigration through notarization. The move was a ...

China 05/17/22, 00:36

The Chinese regime's zero-Covid policy has hit foreign-invested companies in China hard, prompting many to consider moving their operation out of China. In a May 12 article, Xinhua, a mouthpiece of the Chinese Communist Party, called on foreign-invested companies not to leave, as the epidemic would ultimately end. Xinhua began the ...

China 05/14/22, 10:25

According to Reuters, a giant Chinese-owned copper mine resettled the community of Fuerbamba in the Andean region of Peru, South America, to make way for its mine eight years ago. The company spent 1.2 billion dollars to address the protests against the mining sector in the area. Now the community asks ...

Tech 05/14/22, 06:11

According to Reuters, Commerce Secretary Gina Raimondo said on May 11 that China opposes the U.S. huge chip bill because it will give the world's largest economy a competitive advantage. On May 12, the U.S. will step up formal negotiations on a compromise measure that would invest 52 billion dollars in ...

Economy 05/13/22, 12:13

U.S. inflation has reached a record high since December 1981, and President Biden said dropping China tariffs could be an option to lower consumer prices. Trump imposed tariffs on China’s imported products to punish China’s allegedly unfair trade practices. The policy protects domestic business but is about to expire this July. ...

China 05/12/22, 01:44

A chemical engineer will be serving 14 years in prison and pay a 200,000 dollars fine for economic espionage and trade secrets theft for China. Prosecutors say 59-year-old Xiaorong You, aka Shannon You, from Michigan, stole trade secrets about materials used in cans for soda and other drinks to benefit the ...

In-depth Reports 05/11/22, 03:13

Nature has always been one of the most revered cosmic aspects in classical Chinese culture. It is the scenario of the interaction of the forces that govern the relationship between Heaven and Earth, and human beings. And it is also the source of sustenance and social stability. In this sense, Chinese ...

China 05/11/22, 01:12

A growing number of American and Western companies are considering moving their investment out of the world’s second-biggest economy due to its strict Covid approach. They are urging Beijing to adjust the policy. CNN reported, that under the government’s Zero covid strategy, at least 31 cities are under full or partial ...

China 05/11/22, 00:46

China is now dealing with a more contagious COVID variant and waning public anger due to its 'Zero-COVID' policy. The business community is now also affected by the sweeping lockdowns across the country. According to Reuters, the American Chamber of Commerce in China (AmCham China) said on May 9 that American ...

China 05/11/22, 00:44

According to the Chinese government mouthpiece Global Times, 70% of Shanghai's 1,800 essential industrial businesses have resumed operations. However, a survey showed that around half of the companies operate at one-third of the total capacity. The survey results were reported by Sina Finance from the Shanghai Securities News. It collected input ...

Economy 05/11/22, 00:31

April data analysis shows China is reducing Iran oil import and focusing on the more affordable Russian suppliers. As Reuters reported on May 9, preliminary estimates from Vortexa Analytics revealed that on a daily basis, China bought around 650,000 barrels of Iranian crude last month. A decrease from 700,000 barrels per ...

Economy 05/10/22, 23:39

According to documents that made it to the mainland internet, China is issuing new rules that would constrain wealthy Chinese from emigrating overseas. Radio Free Asia reported screenshots of the documents on May 2, which appeared to have come from the Chinese Ministry of Justice and the notarial association. The rules require ...

Tech 05/09/22, 08:39

According to its 2021 financial report, Unique Technology Co. Ltd. (UCloud) experienced two consecutive bad years with accumulated losses of nearly 1 billion yuan ($150 million). The significant drop in its stock price has wiped out almost 90% of its market value. Total revenue has seen an upward trend since 2018 ...