China Implements Voice Detectors in School Restrooms to Combat ViolenceAmidst the growing societal concern over school violence in China, some schools have installed voice detectors in CCTV blind spots, such as restrooms. These detectors are designed to detect profanity or calls for help, enabling prompt intervention. State-run Guangming Daily reported on the 1st that such detectors have been installed in schools in various regions […]
China's AI Talent is Overtaking the US: Global AI Development Trends Will Be DividedThe race for supremacy in artificial intelligence (AI), led by U.S. tech giants, is being fiercely pursued by China. Despite a gap of over a year in the development of massive AI due to U.S. sanctions on AI semiconductor exports, China is fighting back with a quantity offensive based on its large population. Although most […]
Concern Regarding Japan's 'Red Yeast' Dietary Supplement Extends to ChinaORIGINAL LINK : https://www.asiatoday.co.kr/view.php?key=20240331010018044 Kobayashi Pharmaceutical’s President Akihiro Kobayashi (second from the left) and other executives bow their heads in apology at a press conference held in Osaka on the 29th regarding the health supplement incident involving ‘Red Yeast (Hongguk)’. / Xinhua, Yonhap. The repercussions of Japan’s Kobayashi Pharmaceutical’s ‘Red Yeast (Hongguk)’ health supplement incident, […]
Xinhua Denies Speculations of Foreign Investment Decline in China [TheGuru=Hong Seong-hwan] China's state-run Xinhua News Agency has refuted speculation that foreign companies are pulling out of China. According to the Korea Institute for Foreign Economic Policy, Xinhua refuted the pullout theory in a commentary on Nov. 21, citing the increasing number of stores in China by large food and beverage companies such as KFC, McDonald's, and Starbucks, Apple's announcement of plans to invest more in the country, GE Healthcare's doubling of R&D investment in China, and AstraZeneca's announcement of a $475 million investment plan. "Foreign capital shows that China is still a fertile ground for foreign investment and business," Xinhua said, "proving that the exaggerated claims by some Western media that there are no more opportunities in the Chinese market are not true." "The State Council issued the 'Action Plan for Expanding the Attraction and Utilization of Foreign Capital through Higher Openness to the World' to expand the market access of foreign capital and increase the degree of freedom for foreign investment, demonstrating China's willingness and action to share development opportunities with the world," Xinhua said. According to the "International Balance of Payments for 2023" released by the State Administration of Foreign Exchange on March 18, foreign direct investment in China totaled $30 billion last year. That's down 82 percent from the previous year. The $27.5 billion was the lowest level since 1993, when it was recorded, Bloomberg analyzed. It's less than a tenth of the $344.1 billion in 2021, when it peaked...
China's 'Leftover Men' Problem Persists: 45 Million Single Men Remain UnmarriedThe male birth rate is overwhelmingly high as a result of the one-child policyMostly scattered in rural areas, with few opportunities to meet womenExperts argue that introducing foreign brides is a necessary evilFacing opposition, time is needed to resolve the issue China’s old bachelor population, which began to become a problem in earnest at the […]
U.S. to Release a List of Chinese Factories Subject to Export Controls for Semiconductor EquipmentAccording to a report by Reuters on the 28th (local time), the U.S. government is compiling a list of advanced semiconductor manufacturing plants in China that are subject to export controls, such as semiconductor manufacturing equipment. A source familiar with the matter told the news agency that the list could be released soon. Reuters reported […]
Yellen’s Slap at China Could Widen Economic Front: 'China Distorts EV and Solar Markets' Photo: Newsis, March 22, 2024. Janet Yellen, U.S. Secretary of the Treasury, strongly criticized China for distorting the global market with its overproduction in the electric car and solar industries before she visited China next month. This raises concerns that the economic front between the U.S. and China, limited to semiconductors, could expand to the […]
China's BYD Hits a High: Records $4 Billion Profit Amid EV Boom BYD, China's largest electric vehicle company, posted record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), up 42.04% year-on-year, and operating profit was CNY30.41 billion (USD5.6 trillion), up 8 China's largest electric vehicle company BYD achieved record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), an increase of 42...
China's Real Estate Struggles Deepen, Beijing Allows Home Purchases Through Sham DivorceRegulation of restricting home purchase for 3 years after divorceAttempting to encourage purchases by quietly abolishingChina’s January-February new home sales were 12.7% lower than in at the time of the pandemic China mired in a real estate slump and quietly removed a regulation that banned the purchase of new homes for three years after a […]
China’s Influence Grows in Sri Lanka with Promises of Debt RestructuringPromises debt restructuring and development assistanceChinese Premier Li Qiang meets with Sri Lankan Prime MinisterSri Lanka declared sovereign default in 2022 China has pledged to continue supporting debt restructuring in Sri Lanka and aiding in developing airports and sea ports in the country, where it is currently competing with India for influence. This decision shows […]
China's Xi Warns Against Tech Decoupling in Meeting with Dutch PMIn a meeting with Dutch Prime Minister Mark Rutte on the 27th, Chinese President Xi Jinping stated, “Artificially creating technological barriers and shutting down industries and supply chains will only lead to division and confrontation.” According to China Central Television, President Xi, who met with Prime Minister Rutte on a working visit to China at […]
China's Generation Z and Millenials Work Fashion: Pajamas?According to a recent report, a recent trend among young Chinese workers involves wearing “gross outfits” to work. The New York Times (NYT) reported on the 26th (local time) that the younger generation in China is posting pictures of themselves going to work in attire deemed inappropriate for the office, such as character pajamas and […]
China's Ministry of Gender Equality and Family Promotes Small WeddingsThe largest women’s organization in China, ACWF, promotes the story of a couple who got married with just $1000. “We had a simple wedding at home without a formal ceremony. My friend’s did the makeup for me. We weren’t bothered to wake up early. Everything went simple, so there was no need for a troublesome […]
Colin Huang Becomes China's Second Richest Thanks to 'Temu Effect'Colin Huang, the founder of the Chinese e-commerce company Pinduoduo, has surpassed Tencent chairman Ma Huateng to become the second wealthiest person in China. This is mainly due to the rapid rise of Pinduoduo’s ultra-low-cost online shopping mall, Temu, in global markets, including the United States, which has driven up Pinduoduo’s stock price. According to […]
North Korean Workers Riot in China over Wage Issues, Over 200 ArrestedA North Korean informant in Beijing conveyedShockingly, the Jangmadang generation led the riotThere is a rumor of similar riot accordance in Africa In January, North Korean authorities reportedly arrested and swiftly repatriated over 200 dispatched workers who led a riot at a clothing and seafood manufacturing factory in Helong, Jilin Province, China, due to wage […]
Chinese Railroad Company Pulls Out of Bulgaria as EU Probes Into Unfair Subsidy BeginsA Chinese state-owned company, which had won a public tender project in Bulgaria, a member of the European Union (EU), has abandoned the contract after initiating an EU investigation into unfair subsidies. The EU Commission announced on the 26th (local time) that CRRC Qingdao Sifang, a subsidiary of CRRC, withdrew from the tender contract for […]
China Challenges U.S. at WTO Over Inflation Reduction ActChina “not environmental protection, but ‘discriminatory law'” China has filed a lawsuit at the World Trade Organization (WTO) against the United States’ Inflation Reduction Act (IRA). According to reports from Yonhap News and the WTO on the 27th, the dispute resolution process began at the WTO following China’s request to rectify the discriminatory subsidy execution […]
Apple's iPhone Shipments to China Drop 33% in FebruaryIn February, shipments of Apple’s iPhone to China fell by more than 30% compared to last year. This marked a struggle for Apple in the Chinese market as shipments decreased for two consecutive months. Bloomberg quoted statistics from the China Academy of Information and Communications Technology (CAICT) on the 26th that iPhone shipments to China […]
Former Chinese Football Association President Jailed for Life for BriberyA little over a year ago, former Chinese Football Association President Chen Xuyuan fell from grace, charged with accepting bribes of astronomical proportions. On the 26th, he was sentenced to life in prison without parole. Along with this, his political rights were stripped for life, and his assets were confiscated. It’s safe to say his […]
What do Nike, Tesla, Apple, and Intel Have in Common?Apple, Tesla, Nike, and Intel experienced over a 10% decline in stock prices since the beginning of the yearInvestors, sensing the difficulties faced in China, have begun selling off“It won’t be long before the Chinese economy recovers, and stock prices begin to rebound” American companies with high dependency on the Chinese market see their stock […]
China Implements Voice Detectors in School Restrooms to Combat Violence Amidst the growing societal concern over school violence in China, some schools have installed voice detectors in CCTV blind spots, such as restrooms. These detectors are designed to detect profanity or calls for help, enabling prompt intervention. State-run Guangming Daily reported on the 1st that such detectors have been installed in schools in various regions […]
China's AI Talent is Overtaking the US: Global AI Development Trends Will Be Divided The race for supremacy in artificial intelligence (AI), led by U.S. tech giants, is being fiercely pursued by China. Despite a gap of over a year in the development of massive AI due to U.S. sanctions on AI semiconductor exports, China is fighting back with a quantity offensive based on its large population. Although most […]
Concern Regarding Japan's 'Red Yeast' Dietary Supplement Extends to China ORIGINAL LINK : https://www.asiatoday.co.kr/view.php?key=20240331010018044 Kobayashi Pharmaceutical’s President Akihiro Kobayashi (second from the left) and other executives bow their heads in apology at a press conference held in Osaka on the 29th regarding the health supplement incident involving ‘Red Yeast (Hongguk)’. / Xinhua, Yonhap. The repercussions of Japan’s Kobayashi Pharmaceutical’s ‘Red Yeast (Hongguk)’ health supplement incident, […]
Xinhua Denies Speculations of Foreign Investment Decline in China [TheGuru=Hong Seong-hwan] China's state-run Xinhua News Agency has refuted speculation that foreign companies are pulling out of China. According to the Korea Institute for Foreign Economic Policy, Xinhua refuted the pullout theory in a commentary on Nov. 21, citing the increasing number of stores in China by large food and beverage companies such as KFC, McDonald's, and Starbucks, Apple's announcement of plans to invest more in the country, GE Healthcare's doubling of R&D investment in China, and AstraZeneca's announcement of a $475 million investment plan. "Foreign capital shows that China is still a fertile ground for foreign investment and business," Xinhua said, "proving that the exaggerated claims by some Western media that there are no more opportunities in the Chinese market are not true." "The State Council issued the 'Action Plan for Expanding the Attraction and Utilization of Foreign Capital through Higher Openness to the World' to expand the market access of foreign capital and increase the degree of freedom for foreign investment, demonstrating China's willingness and action to share development opportunities with the world," Xinhua said. According to the "International Balance of Payments for 2023" released by the State Administration of Foreign Exchange on March 18, foreign direct investment in China totaled $30 billion last year. That's down 82 percent from the previous year. The $27.5 billion was the lowest level since 1993, when it was recorded, Bloomberg analyzed. It's less than a tenth of the $344.1 billion in 2021, when it peaked...
China's 'Leftover Men' Problem Persists: 45 Million Single Men Remain Unmarried The male birth rate is overwhelmingly high as a result of the one-child policyMostly scattered in rural areas, with few opportunities to meet womenExperts argue that introducing foreign brides is a necessary evilFacing opposition, time is needed to resolve the issue China’s old bachelor population, which began to become a problem in earnest at the […]
U.S. to Release a List of Chinese Factories Subject to Export Controls for Semiconductor Equipment According to a report by Reuters on the 28th (local time), the U.S. government is compiling a list of advanced semiconductor manufacturing plants in China that are subject to export controls, such as semiconductor manufacturing equipment. A source familiar with the matter told the news agency that the list could be released soon. Reuters reported […]
Yellen’s Slap at China Could Widen Economic Front: 'China Distorts EV and Solar Markets' Photo: Newsis, March 22, 2024. Janet Yellen, U.S. Secretary of the Treasury, strongly criticized China for distorting the global market with its overproduction in the electric car and solar industries before she visited China next month. This raises concerns that the economic front between the U.S. and China, limited to semiconductors, could expand to the […]
China's BYD Hits a High: Records $4 Billion Profit Amid EV Boom BYD, China's largest electric vehicle company, posted record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), up 42.04% year-on-year, and operating profit was CNY30.41 billion (USD5.6 trillion), up 8 China's largest electric vehicle company BYD achieved record operating profit last year. BYD's revenue last year was CNY602.15 billion (USD11.17 trillion), an increase of 42...
China's Real Estate Struggles Deepen, Beijing Allows Home Purchases Through Sham Divorce Regulation of restricting home purchase for 3 years after divorceAttempting to encourage purchases by quietly abolishingChina’s January-February new home sales were 12.7% lower than in at the time of the pandemic China mired in a real estate slump and quietly removed a regulation that banned the purchase of new homes for three years after a […]
China’s Influence Grows in Sri Lanka with Promises of Debt Restructuring Promises debt restructuring and development assistanceChinese Premier Li Qiang meets with Sri Lankan Prime MinisterSri Lanka declared sovereign default in 2022 China has pledged to continue supporting debt restructuring in Sri Lanka and aiding in developing airports and sea ports in the country, where it is currently competing with India for influence. This decision shows […]
China's Xi Warns Against Tech Decoupling in Meeting with Dutch PM In a meeting with Dutch Prime Minister Mark Rutte on the 27th, Chinese President Xi Jinping stated, “Artificially creating technological barriers and shutting down industries and supply chains will only lead to division and confrontation.” According to China Central Television, President Xi, who met with Prime Minister Rutte on a working visit to China at […]
China's Generation Z and Millenials Work Fashion: Pajamas? According to a recent report, a recent trend among young Chinese workers involves wearing “gross outfits” to work. The New York Times (NYT) reported on the 26th (local time) that the younger generation in China is posting pictures of themselves going to work in attire deemed inappropriate for the office, such as character pajamas and […]
China's Ministry of Gender Equality and Family Promotes Small Weddings The largest women’s organization in China, ACWF, promotes the story of a couple who got married with just $1000. “We had a simple wedding at home without a formal ceremony. My friend’s did the makeup for me. We weren’t bothered to wake up early. Everything went simple, so there was no need for a troublesome […]
Colin Huang Becomes China's Second Richest Thanks to 'Temu Effect' Colin Huang, the founder of the Chinese e-commerce company Pinduoduo, has surpassed Tencent chairman Ma Huateng to become the second wealthiest person in China. This is mainly due to the rapid rise of Pinduoduo’s ultra-low-cost online shopping mall, Temu, in global markets, including the United States, which has driven up Pinduoduo’s stock price. According to […]
North Korean Workers Riot in China over Wage Issues, Over 200 Arrested A North Korean informant in Beijing conveyedShockingly, the Jangmadang generation led the riotThere is a rumor of similar riot accordance in Africa In January, North Korean authorities reportedly arrested and swiftly repatriated over 200 dispatched workers who led a riot at a clothing and seafood manufacturing factory in Helong, Jilin Province, China, due to wage […]
Chinese Railroad Company Pulls Out of Bulgaria as EU Probes Into Unfair Subsidy Begins A Chinese state-owned company, which had won a public tender project in Bulgaria, a member of the European Union (EU), has abandoned the contract after initiating an EU investigation into unfair subsidies. The EU Commission announced on the 26th (local time) that CRRC Qingdao Sifang, a subsidiary of CRRC, withdrew from the tender contract for […]
China Challenges U.S. at WTO Over Inflation Reduction Act China “not environmental protection, but ‘discriminatory law'” China has filed a lawsuit at the World Trade Organization (WTO) against the United States’ Inflation Reduction Act (IRA). According to reports from Yonhap News and the WTO on the 27th, the dispute resolution process began at the WTO following China’s request to rectify the discriminatory subsidy execution […]
Apple's iPhone Shipments to China Drop 33% in February In February, shipments of Apple’s iPhone to China fell by more than 30% compared to last year. This marked a struggle for Apple in the Chinese market as shipments decreased for two consecutive months. Bloomberg quoted statistics from the China Academy of Information and Communications Technology (CAICT) on the 26th that iPhone shipments to China […]
Former Chinese Football Association President Jailed for Life for Bribery A little over a year ago, former Chinese Football Association President Chen Xuyuan fell from grace, charged with accepting bribes of astronomical proportions. On the 26th, he was sentenced to life in prison without parole. Along with this, his political rights were stripped for life, and his assets were confiscated. It’s safe to say his […]
What do Nike, Tesla, Apple, and Intel Have in Common? Apple, Tesla, Nike, and Intel experienced over a 10% decline in stock prices since the beginning of the yearInvestors, sensing the difficulties faced in China, have begun selling off“It won’t be long before the Chinese economy recovers, and stock prices begin to rebound” American companies with high dependency on the Chinese market see their stock […]
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