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 […]
Apple CEO Tim Cook Commits to Increased Investment in ChinaTim Cook, the CEO of Apple, who is currently visiting China, met with Chinese Commerce Minister of Commerce Wang Wentao and promised more investment in China. According to the Chinese Ministry of Commerce’s website and state-run English newspaper China Daily on the 23rd, the two met in Beijing on the 22nd. China Daily released a […]
Former National Soccer Player Son Jun Ho Returns After Year-Long Detention in ChinaSoccer player Son Jun Ho, who had been detained in China on charges of non-state bribery, is back home after his detention ended. It’s roughly been a year since he was imprisoned in May last year. Soccer player Son Jun Ho / News1 On the 25th, the Ministry of Foreign Affairs said, “Son Jun Ho […]
Apple's Vision Pro Set to Release in China Within This YearTim Cook hints at Vision Pro launch in ChinaCan it overcome Apple’s sluggish sales? Apple appears set to launch its virtual reality device, ‘Vision Pro,’ in China sometime this year. On the 25th (local time), CNBC reported that Tim Cook, Apple’s CEO, confirmed in a video from China’s state-run CCTV that the Vision Pro would […]
China's Birth Rate Drops, Over 20,000 Kindergartens Closed Their DoorsSome kindergartens were converted into elderly education centers Due to China’s declining birth rate, over 20,000 kindergartens have closed their doors within the past two years. On the 26th, the Chinese economic media Jeil Economy quoted statistics from the Chinese Ministry of Education, reporting that the number of kindergartens in China as of the end […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery SectorDespite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
Apple in Talks with Baidu for AI Integration: A Shift in Strategy?Apple CEO Tim Cook greeted attendees at the grand opening of the new flagship Apple Store, Jing’an, in Shanghai, China, on the 21st (local time). /Xinhua=Newsis Apple is reportedly considering incorporating Baidu’s AI model Ernie Bot into its devices sold in China, such as the iPhone. According to the Wall Street Journal (WSJ), on the […]
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 […]
Apple CEO Tim Cook Commits to Increased Investment in China Tim Cook, the CEO of Apple, who is currently visiting China, met with Chinese Commerce Minister of Commerce Wang Wentao and promised more investment in China. According to the Chinese Ministry of Commerce’s website and state-run English newspaper China Daily on the 23rd, the two met in Beijing on the 22nd. China Daily released a […]
Former National Soccer Player Son Jun Ho Returns After Year-Long Detention in China Soccer player Son Jun Ho, who had been detained in China on charges of non-state bribery, is back home after his detention ended. It’s roughly been a year since he was imprisoned in May last year. Soccer player Son Jun Ho / News1 On the 25th, the Ministry of Foreign Affairs said, “Son Jun Ho […]
Apple's Vision Pro Set to Release in China Within This Year Tim Cook hints at Vision Pro launch in ChinaCan it overcome Apple’s sluggish sales? Apple appears set to launch its virtual reality device, ‘Vision Pro,’ in China sometime this year. On the 25th (local time), CNBC reported that Tim Cook, Apple’s CEO, confirmed in a video from China’s state-run CCTV that the Vision Pro would […]
China's Birth Rate Drops, Over 20,000 Kindergartens Closed Their Doors Some kindergartens were converted into elderly education centers Due to China’s declining birth rate, over 20,000 kindergartens have closed their doors within the past two years. On the 26th, the Chinese economic media Jeil Economy quoted statistics from the Chinese Ministry of Education, reporting that the number of kindergartens in China as of the end […]
China's Electric Vehicle Boom Fuels Investment Interest in Battery Sector Despite global economic uncertainties, the rapid expansion of the electric vehicle market, government incentives, environmental regulations, and increased consumer preference for clean transportation continue to make the Chinese battery sector attractive to investors, argued Shijia Yan, an energy storage analyst at BloombergNEF. He emphasized that China’s battery industry, powered by the country’s robust demand for […]
Apple in Talks with Baidu for AI Integration: A Shift in Strategy? Apple CEO Tim Cook greeted attendees at the grand opening of the new flagship Apple Store, Jing’an, in Shanghai, China, on the 21st (local time). /Xinhua=Newsis Apple is reportedly considering incorporating Baidu’s AI model Ernie Bot into its devices sold in China, such as the iPhone. According to the Wall Street Journal (WSJ), on the […]
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