After China Eastern crashed, 74% of China’s Tuesday flights canceled

China 03/24/22, 01:30

According to VariFlight, about 74% of the 11,800 scheduled flights in China on Tuesday have been canceled, including most of the flights between Beijing and Shanghai, one of the busiest domestic routes in China. According to data from the Chinese aviation data company, flight cancellations on Tuesday were the highest this ...

China Eastern Airlines: black box found at plane crash site

China 03/24/22, 01:30

Chinese authorities said they had recovered one of the black box flight recorders from the China Eastern Airlines plane wreckage that crashed in southern China on March 21. The recorders, which capture important flight data, may offer clues as to why the Boeing 737 fell and crashed into a hill near ...

Following Tencent and Alibaba, JD.com started layoffs

Economy 03/24/22, 01:29

According to Chinese media reports, after Tencent and Alibaba Group, JD.com has also launched major layoffs, with its Jingxi business group being the hardest hit. Sina Finance mentioned in their article that, since February 2022, JD.com had reduced its staff, and various departments have laid off plans. But the company has ...

China’s imports from Lithuania suffers near-total collapse

Economy 03/24/22, 01:23

February data by the General Administration of Customs of China (GACC) shows that China cut Lithuania's imports by about 90% in the first two months of 2022. This move came after the two nations were involved in a political and trade conflict over Taiwan last year. In a report, GACC showed ...

U.S. court ends China ZTE’s probation despite findings of visa fraud

Economy 03/24/22, 01:21

Texas U.S. District Judge Ed Kinkeade, on March 22, decided that Chinese company ZTE could finish its probation despite being found with visa fraud evidence. Reuters reported that the decision came on the company's last day on the 5-year probation from a 2017 plea deal for unlawfully shipping U.S. technology to ...

Some US-listed Chinese firms told to prepare audit disclosures

Economy 03/24/22, 01:19

Reuters reported from sources on March 22 that Chinese regulators have allowed several U.S.-listed Chinese firms to disclose more audit information to keep those companies from forced delisting. The sources said the companies are directed to prepare audit papers for the fiscal year 2021 while beware of further disclosure requirements from ...

China Eastern applies fuel-efficient measures to save costs

China 03/24/22, 01:17

According to China Economic Net, as of the third quarter of 2021, China Eastern Airlines' net profit loss was 8.162 billion CNY (about 1.280 billion dollars), compared with a loss of 9.681 billion yuan (about 1.519 billion dollars) in the same period last year. Heavily affected by the pandemic like many ...

China Evergrande subsidiary’s $2.1 billion bank deposits seized

Economy 03/24/22, 01:00

China Evergrande Group has announced that the asset of its subsidiary, Evergrande Property Services, was seized by the relevant banks. In a filing sent to the Hong Kong stock exchange on Tuesday, March 22, the group said that Evergrande Property Services would investigate how banks seized 13.4 billion CNY (2.11 billion ...

Taiwanese expert judges statements of Chinese foreign minister Wang Yi

China 03/24/22, 00:48

Chinese foreign minister Wang Yi and Foreign Minister Ramtane Lamamra of Algeria held a briefing after a talk took place on Sunday, March 20. In the briefing, Wang Yi expressed his disagreement with the international community's imposition of economic sanctions on Russia over the war in Ukraine. He said, "In the context ...

Aviation experts speculate on cause of China Eastern Airlines crash

China 03/23/22, 23:52

The crashed China Eastern Airlines flight MU5735 has attracted widespread attention. So far, officials have not determined the cause of the tragic accident. It remains a question whether it could be a mechanical failure or a human factor. According to the BBC, Mao Yanfeng, director of the civil aviation accident investigation ...

Pilots of China Eastern flight were in good health before plane crash

China 03/23/22, 23:50

According to Chinese media Southern Net, Sun Shiying, chairman of China Eastern Airlines' Yunnan branch, said at a press conference on March 23 that the three pilots' flight licenses were all valid. Sun added that they were in good health and had complete flight experience, meeting the authorities' requirements. Sun also said, ...

The Boeing 737 crashed in China has a history of issues

China 03/23/22, 23:28

The Boeing 737 with 132 customers crashed into a mountain of Guangxi Autonomous Region, China, on March 21. The Boeing 737 is a twin-engined, narrow-body jet airliner, with a fuselage cross-section and nose shape, which design inspired by the Boeing 707. Because of its two engines, the Boeing 737's operating costs are ...

Two executives from Tahoe Group hauled in for investigation

Economy 03/23/22, 23:20

According to Sohu, Huang Xi, Executive Vice President of China's luxury villa developer Tahoe Group, and Lin Wenhua, Vice President of the group, were hauled by the police for questioning in their investigation. The group announced on March 16, saying that its Chairman Huang Xi was assisting the relevant authorities in ...

Swiss Bank’s sanctions on Russia could tremble Beijing: Expert

Insights 03/23/22, 07:30

Switzerland has recently announced to freeze the assets of the Russian government and oligarchs in Swiss banks as a sanctioned act against the Russian attack on Ukraine. Li Zhengkuan, a writer who covers China's affairs, said that Switzerland's move could make the Beijing government tremble with fear. Switzerland could react the ...