• Business

Rumors say Evergrande president jumped from building

Trending 12/04/22, 13:57

On December 2, the news that Xu Jiayin, the founder of Chinese real estate development company Evergrande, jumped off a building, went viral at home and abroad, causing heated discussions. However, Evergrande insiders have denied the rumors, stressing that Xu had sent voice messages about the resumption of work and ...

British prime minister changes his tune on China

Trending 11/23/22, 16:05

Global Times, an opinion leader for the Chinese Communist Party (CCP), said of Rishi Sunak during the election race, "Sunak is the only candidate with a clear and pragmatic vision on the development of UK-China ties." Sunak, a former UK Chancellor of the Exchequer (head of the Treasury), promised during his ...

Chinese intelligence officer gets 20 years for spying

Tech 11/18/22, 19:16

On November 16, an intelligence officer accused of spying for the Chinese regime was sentenced to 20 years in prison. The U.S. federal court convicted him on charges related to the theft of trade secrets and electronic espionage. This is the first case in which a Chinese intelligence officer was extradited ...

Semiconductor engineers flee China

Corruption 11/18/22, 13:38

China has always strived to develop its semiconductor industry, once paying 2 to 3 times higher wages to recruit a large number of Taiwanese engineers to work across the strait. However, as reported by the The New York Times, due to Chinese regime's pandemic restrictions and the impact of the ...

Apple and the consequences of partnering with the Chinese regime

Tech 11/16/22, 20:26

Images of people escaping from a factory facility in China at the end of October swept the world. Workers jumping over fences and fleeing cross-country or walking along roadsides to escape the harsh working conditions and quarantine measures put one of the most emblematic companies of these times, Apple, in ...

China: Tesla vehicle out of control and runs over two people

Trending 11/14/22, 14:23

A Tesla Model Y car burst out of control in Chaozhou, Guangdong province on November 5. The driver was preparing to park it in front of his store, however, the vehicle would not respond and began accelerating rapidly. The Tesla traveled about a mile and a half before slamming into a ...

Beijing relaxes strict COVID measures and markets respond

Trending 11/11/22, 17:00

Despite announcements of increased contagions in several regions of the country and strict COVID measures, the Chinese Communist Party is relaxing some of those restrictions. However, the "zero-COVID" policy remains in place throughout the country and a new dynamic will be adopted. The COVID-19 policy team reported the reduction of quarantine ...

Foreign investors withdraw billions in October, China’s economy in difficulty

Trending 11/11/22, 15:08

On November 9, preliminary statistics from the Institute of International Finance (IIF) indicated that the size of foreign investment capital withdrawn from the Chinese market in October amounted to $8.8 billion. The association argues that the Chinese economy is facing internal and external troubles. According to IIF data, the equity capital ...

China’s financial crisis: Bank stocks fall to historic lows

Trending 11/09/22, 18:23

The bad debts of China's largest banks continue to grow and the financial bubble seems to be on the verge of bursting. Pessimism and disbelief about the Chinese banking system fell to unparalleled levels, even below those recorded during the U.S. housing crisis in 2008. China's four largest financial institutions, including ...