Business

Economy 09/19/22, 15:48

Mainland China's semiconductor industry not only failed to surpass Taiwan, but also had a serious wave of bankruptcy due to the "zero-COVID" policy. According to statistics, in the first eight months of this year, up to 3,470 chip manufacturing companies in China closed and the number of bankruptcies reached a ...

Corruption 09/18/22, 16:30

Recently, the construction of a two-story luxury public toilet in rural Changchun, Jilin province, has attracted public attention. The local authority responded that this is to facilitate people to go to the toilet while walking and is also a waste transfer station. However, the authority's response has drawn ridicule and ...

Insights 09/18/22, 05:34

For some years now, the United States and China have been engaged in a fierce trade war through which both seek to legitimize their economic power and make it clear to the world who is the world's greatest power. Yet, curiously, the flow of Chinese capital to the United States, ...

Economy 09/16/22, 19:00

According to a source close to top Beijing’s officials, after the 20th National Congress, the Chinese Communist Party (CCP) plans to centralize various sectors of China through the implementation of “one enterprise for one industry,” to influence and dominate the world. On September 1, Weng Jiming, deputy director of the State ...

Economy 09/16/22, 15:08

Recently, a video titled "Everything is under control and cannot escape the devil's claws" has attracted attention on Chinese social media, where comments are closely monitored. In the video, a man shows how the CCP has gradually found the wealth of the rich at home and abroad over the past ...

Corruption 09/16/22, 04:17

Taiwan has become the essential semiconductor manufacturing industry in the world, chosen by several leaders in the manufacture of devices, such as Samsung, Google, and Apple. Chinese companies, however, have lagged and, even with great efforts, have not been able to catch up. Taiwan's success and expertise in the semiconductor industry ...

Insights 09/15/22, 18:54

Usually, housing bubble bursts are followed by defaults and financial crises. Foreign capital is fleeing China, and the country's national currency is on the verge of catastrophic collapse. Economic and monetary data point to a financial crisis in China right before the 20th Party Congress. Chinese currency in danger of collapsing A ...

Media 09/15/22, 16:58

This Tuesday, Sept. 13, Peiter Zatko testified before a Senate Committee as part of a complaint he filed warning about Twitter's security failures. In his testimony, Zatko said Twitter's security precautions were so deficient that if an intelligence agency had not infiltrated the company, "most likely it's not doing its job." "I ...

News 09/15/22, 13:50

People across China are suffering from unending COVID tests. On September 13, news of the Chinese Communist Party approving an "automatic COVID detection system" appeared on hot search. The comment section was up in arms immediately. Netizens helplessly asked: "You want us to do COVID tests for life?" According to The ...

Trending 09/13/22, 18:28

Historically, successful Taiwanese firms had a natural springboard in mainland China when they grew enough to look at expanding. But with tensions at a boiling with the Chinese Communist Party (CCP) and coupled with the disproportionate number closures imposed by the CCP's zero COVID policy, Taiwanese multinationals prefer to ...

Economy 09/13/22, 16:56

The announcement that Apple will start the production of its iPhone 14 in India at the end of October accelerated rumors that the company was looking to move its production out of China. Although it is not yet possible to cut off its dependence on the Asian giant, this first step ...

Insights 09/13/22, 16:10

Huaxi Village, in Jiangyin City, Jiangsu Province, known as the "First Village," is the most prosperous in China. However, it's reported that the village is saddled with $5.8 billion (40 billion yuan) in debt and is on the verge of bankruptcy. From the beginning of 2021, investors revealed to "The 21st ...

Energy 09/10/22, 18:20

China is on the verge of a water disaster. The country consumes 10 billion barrels of water a day, and decades of economic growth and a population explosion have pushed groundwater in northern China to an alarmingly low state. China's water crisis is getting so bad that it could cause ...

Insights 09/10/22, 16:29

The People's Bank of China announced on Sept. 5 that it would reduce financial institutions' foreign exchange deposit reserve ratio by two percentage points from Sept. 15, from 8% to 6%. It's the second time such measures have been announced this year, and the two percentage point reduction is the largest since 2004. ...

Social problem 09/08/22, 16:54

China's strict epidemic prevention and control measures have promoted the development of home appliance industries such as refrigerators and freezers. Recently, a woman in Chengdu posted a video showing her 11 refrigerators during the pandemic. The video shows the woman opening refrigerator after refrigerator to get a variety of foods in ...

Canada 09/08/22, 16:18

Rare earth elements, known as an industrial vitamins, are not only important components in the production of defense products such as missile guidance systems and aircraft engines, but also electric vehicles, and a key raw material for the production of permanent magnets used in wind turbines. In order to continue ...