Tag Archives: Zhengzhou

China: Daily Scan, May 05, 2022

Chinese envoy urges biggest contributor to fulfill UN financial duties: Xinhuanet
May 4, 2022

China’s deputy permanent representative to the United Nations on Tuesday urged the organization’s biggest contributor to fulfill its financial duties. “The largest contributor has not well-fulfilled its financial obligations to the UN over the years. This is unfair to other countries,” Dai Bing told the second part of the resumed session of the Fifth Committee of the 76th session of the UN General Assembly, which deals with internal UN administrative and budgetary matters. Click here to read…

Chinese embassy rebukes Washington’s false claims against China over Ukraine issue: Xinhuanet
May 4, 2022

The Chinese Embassy in the United States on Tuesday rebuked the U.S. State Department’s recent false claims that Chinese officials and media “routinely amplify Kremlin’s propaganda, conspiracy theories, and disinformation” on the Ukraine issue. Click here to read…

Shanghai FTZ’s Lingang new area welcomes first foreign bank: Xinhuanet
May 4, 2022

The administrative committee of Lingang new area of the Shanghai free trade zone (FTZ) has announced that United Overseas Bank (UOB) China is expected to open in the third quarter of this year. The landing of the first foreign bank shows that foreign investors are full of confidence in the development prospects of Lingang and China’s financial market, according to the administrative committee. Click here to read…

China remains Myanmar’s biggest export market in 6-month period: Xinhuanet
May 4, 2022

China remained the largest export country for Myanmar between October last year and March this year, according to the Ministry of Commerce on Wednesday. According to the ministry’s figures, Myanmar’s export to China during the period amounted to over 1.98 billion U.S. dollars and accounted for almost 24 percent of the country’s total export. Click here to read…

Chinese scientists develop trajectory planning system for collision-free flight of drone swarms: Xinhuanet
May 5, 2022

Chinese scientists have developed a new flight path planning system that can help miniature, fully autonomous drone swarms fly smartly through crowded forests, without collisions. The planning system enabled 10 aerial robots to collectively maneuver unhindered through a cluttered bamboo forest and find the most efficient flight path, according to the study published Thursday in the journal Science Robotics. Click here to read…

10 rescued, 5 dead in central China building collapse: Xinhuanet
May 5, 2022

Ten people have been rescued and five others died after a self-built residential structure collapsed in central China’s Hunan Province on April 29, rescuers said early Thursday. At around 12:00 a.m. Thursday, the tenth survivor, a female, was pulled out alive from the debris about 132 hours after the collapse occurred. Click here to read…

Chinese mainland reports 360 new local confirmed COVID-19 cases, 261 in Shanghai: Xinhuanet
May 5, 2022

The Chinese mainland on Wednesday reported 360 locally transmitted confirmed COVID-19 cases, of which 261 were in Shanghai, according to the National Health Commission’s report Thursday. Apart from Shanghai, 12 other provincial-level regions on the mainland saw new local COVID-19 cases, including 42 in Beijing and 14 in Henan. Click here to read…

Shanghai reports 261 confirmed, 4,390 asymptomatic local COVID-19 cases: Xinhuanet
May 5, 2022

China’s Shanghai reported 261 confirmed locally transmitted COVID-19 cases and 4,390 local asymptomatic cases on Wednesday, the municipal health commission said Thursday. Of the newly confirmed cases, 185 had previously been reported as asymptomatic carriers. Click here to read…

HKSAR gov’t appeals for elderly persons to undergo frequent COVID-19 testing: Xinhuanet
May 4, 2022

The Hong Kong Special Administrative Region (HKSAR) government on Wednesday appealed to elderly people again to undergo frequent COVID-19 testing in light of the gradual relaxation of social distancing measures and the increase in social activities. Click here to read…

Man detained for risking national security: China Daily
May 5, 2022

The national security bureau in Hangzhou, capital of Zhejiang province, has detained a man surnamed Ma-at first falsely speculated to be Alibaba co-founder Jack Ma-on suspicion of endangering national security and inciting subversion of State power using networks. Click here to read…

Top legal bodies issue circular on trafficking: China Daily
May 4, 2022

The Supreme People’s Court, Supreme People’s Procuratorate and the Ministry of Public Security jointly issued a circular urging suspects involved in the trafficking of women and children to turn themselves in before June 30. Click here to read…

Labor Day tourism takes hit amid epidemic jitters: China Daily
May 4, 2022

Domestic tourism over this year’s Labor Day holiday saw a decrease due to tightened measures against COVID-19. The latest figures from the Ministry of Culture and Tourism show in the five-day holiday domestic travelers made 160 million trips, falling 30.2 percent year-on-year. Click here to read…

City prepares to boost antigen test manufacturing: China Daily
May 5, 2022

Shanghai will establish a production base for COVID-19 antigen test kits with a daily capacity of 5 to 10 million to better accommodate the testing needs of the 25 million permanent residents in the city. Click here to read…

COVID-19 infection clusters continue to flare up: China Daily
May 5, 2022

A cluster of COVID-19 infections has been reported at a college in Yingkou, Liaoning province, that has swelled to 177 cases since Sunday and triggered stronger prevention efforts and an apology. The city in Northeast China has reported 186 asymptomatic locally transmitted COVID-19 infections since Sunday. Of those, 177 cases were linked to Yingkou’s Liaoning Agricultural Technical College. Click here to read…

Central China’s Zhengzhou presses ‘pause button’ for a week to reach zero-COVID at community level: Global Times
May 5, 2022

Zhengzhou, home to more than 12.6 million people in Central China’s Henan Province, pressed the “pause button” from Wednesday until next Tuesday after the city reported nine confirmed cases and 24 asymptomatic infections on Tuesday. Click here to read…

Beijing extends suspension of restaurants’ eat-in services, asks Chaoyang district residents to work from home: Global Times
May 4, 2022

Beijing on Wednesday doubled down on measures to curb viral transmission by asking residents in Chaoyang district to work at home, extending the suspension of restaurants’ dining-in services as well as closing some stops and stations along bus routes and subway lines. Click here to read…

Aircraft carrier Liaoning hosts fighter jet drills in Philippine Sea, ‘displays confidence’: Global Times
May 5, 2021

The aircraft carrier Liaoning of the Chinese People’s Liberation Army (PLA) Navy hosted fighter jet drills in the Philippine Sea on Tuesday, Japan’s defense ministry said on Wednesday, soon after the PLA Navy announced the carrier group sailed into the West Pacific for a routine, realistic combat far sea training mission. Click here to read…

Apple supplier Foxconn steps up hiring in Zhengzhou amid surging iPhone demand: Global Times
May 4, 2022

The world’s largest iPhone factory, operated by Foxconn Technology Group in Zhengzhou, Central China’s Henan Province, has been stepping up jobs recruitment as demand for iPhones surgesClick here to read…

Central bank issues more credit lines to inspire coal production, energy storage: Global Times
May 4, 2022

China’s central bank announced a plan on Wednesday to provide 100 billion yuan ($15.12 billion) of relending facilities to support coal development and energy storage, another major move to safeguard energy supply as uncertainties mount regarding global coal supplies. Click here to read…

Over 80 firms including China’s JD.com added to U.S. SEC list facing delisting risk: Reuters
May 5, 2022

The U.S. Securities and Exchange Commission (SEC) added over 80 firms, including China’s JD.com (9618.HK), to a list of entities facing possible expulsion from American exchanges amid a long-running auditing standoff between the United States and China. Click here to read…

Beijing reports 42 new symptomatic COVID cases, 8 asymptomatic for May 4: Reuters
May 5, 2022

Beijing reported 42 new symptomatic coronavirus cases for May 4, down from 46 cases a day earlier, state television said on Thursday. China’s capital also recorded eight asymptomatic cases, versus five a day earlier, it said. Click here to read…

U.S. Senate moves to launch formal talks on massive China competition bill: Reuters
May 5, 2022

The U.S. Senate on Wednesday moved to begin formal legislative talks on a long-stalled bill to pay for $52 billion in semiconductor chips manufacturing subsidiesand boost U.S. competitiveness with China. Click here to read…

U.S. considers imposing sanctions on China’s Hikvision: Reuters
May 5, 2022

The United States is moving towards imposing new sanctions on Chinese video surveillance company Hikvision (002415.SZ), the Financial Times reported on Wednesday, citing four people familiar with the talks. Click here to read…

China interfering with competition bill: Taipei Times
May 5, 2022

US President Joe Biden on Tuesday accused the Chinese government of trying to interfere in negotiations over a broad China competition bill that would bolster domestic semiconductor manufacturing. Click here to read…

Chinese-American expert’s call for China to change zero-Covid policy becomes online hit: South China Morning Post
5 May, 2022

An article by a Chinese-American public health expert calling for Beijing to change its zero-Covid policies has been circulating widely on Chinese social media Zhang Zuofeng, a professor at the Fielding School of Public Health at the University of California Los Angeles, published an article in late March on the social media platform Meipian saying the city should allow home quarantine and rapid antigen tests, rather than conducting rounds of mass PCR testing, which increase the risk of cross-infection. He also recommended the city step up inoculation of the elderly using the mRNA vaccine developed by BioNtech, which is yet to be approved by the Chinese regulator even though Shanghai-based Fosun Pharma has already signed an agreement to distribute and produce the jabs. Click here to read…

Coronavirus: strict Covid-19 regime to remain intact in Shanghai as new cases persist outside quarantine zones, delaying production restart: South China Morning Post
5 May, 2022

Shanghai will remain under strict antivirus measures after new data released on Thursday morning showed 34 new cases in non-quarantined areas in the past 24 hours. Wang Hesheng, vice-minister of the National Health Commission, told a meeting of local officials on Wednesday evening that hidden transmission chains were still an “enemy within” as the mainland’s commercial and financial capital battled against the outbreak amid a citywide lockdown in place since April 1. “The biggest consensus is that determined efforts must be made to avoid a rebound in new cases,” he said, according to Shanghai Television. “When a new case is detected in a precautionary zone, or in a hospital or among the certain high-risk people, tracking and tracing must be conducted swiftly.” Click here to read…

China: Daily Scan, May 04, 2022

Xi encourages youth to help boost China’s aerospace sci-tech self-reliance: Xinhuanet
May 3, 2022

Chinese President Xi Jinping has encouraged youth in the aerospace sector to contribute more to China’s realization of greater self-reliance in aerospace science and technology. Xi, also general secretary of the Communist Party of China Central Committee and chairman of the Central Military Commission, made the remarks in a Monday letter replying to a youth team working on space station construction at the China Aerospace Science and Technology Corporation (CASC). Click here to read…

Industrial Bank extends 56 pct more loans to small businesses: Xinhuanet
May 3, 2022

The Industrial Bank Co., Ltd. issued more inclusive loans to micro and small businesses in 2021 to help them resolve financing difficulties amid the COVID-19 pandemic, the lender said. The bank extended 107.5 billion yuan (about 16.24 billion U.S. dollars) worth of new loans to micro and small enterprises last year, up 56 percent from a year ago. Click here to read…

Consecutive CPC meetings signal to stabilize China’s economy: Xinhuanet
May 3, 2022

With a series of meetings held by the Communist Party of China (CPC) leadership in recent days, China has sent a strong sigal to keep the country’s economy stable. The CPC leadership has since late April held three meetings to analyze the current economic situation, calling for the healthy development of capital in China and strengthening infrastructure construction, vowing to step up policy support to stabilize the economy. Click here to read…

China sets up world’s highest automatic weather station: Xinhuanet

May 4, 2022

Chinese scientific researchers on Wednesday established an automatic meteorological monitoring station at an altitude of over 8,800 meters, the world’s highest of its kind, on Mount Qomolangma on the China-Nepal border. Click here to read…

Shanghai reports 260 confirmed, 4,722 asymptomatic local COVID-19 cases: Xinhuanet
May 4, 2022

China’s Shanghai reported 260 confirmed locally transmitted COVID-19 cases and 4,722 local asymptomatic cases on Tuesday, the municipal health commission said Wednesday. From May 1 to 3, a total of 192 cases were identified among people outside the closed-off management areas, accounting for 1.07 percent of the total infections, the commission said. Click here to read…

Chinese mainland reports 353 new local confirmed COVID-19 cases, 260 in Shanghai: Xinhuanet
May 4, 2022

The Chinese mainland Tuesday reported 353 locally-transmitted confirmed COVID-19 cases, of which 260 were in Shanghai, according to the National Health Commission’s report Wednesday. The rest of the cases were reported in 11 other provincial-level regions, including Beijing, Henan and Sichuan. Click here to read…

PLAN aircraft carrier battle group trains in west Pacific: China Military
May 3, 2022

Recently, a Chinese naval aircraft carrier battle group headed by the aircraft carrier Liaoning conducted open-sea combat training in the waters of the western Pacific Ocean, according to Senior Captain Gao Xiucheng, the spokesperson for the Chinese People’s Liberation Army Navy (PLAN). Click here to read…

Shanghai records 192 new cases among people with exposure risk: China Daily
May 4, 2022

A total of 192 new infection cases were found among people with exposure risk to COVID-19 in Shanghai from Sunday to Tuesday, accounting for 1.07 percent of the total locally transmitted cases, said the municipal government. Click here to read…

9 arrested in Changsha collapse of building: China Daily
May 4, 2022

Prosecutors authorized on Tuesday the arrest of nine suspects in the collapse of a self-constructed building in Changsha, the capital of Hunan province. Changsha prosecutors said the building owner, surnamed Wu, and three others responsible for the building’s design and construction and were suspected of having serious liability in connection with the accident. Five people from a private engineering quality testing company, including its legal representative, surnamed Tan, and four technical employees were suspected of providing false certification documents. Click here to read…

Some in Shanghai get out for a rare stroll; Beijing tightens COVID curbs: Reuters
May 3, 2022

Some of Shanghai’s 25 million people managed to get out on Tuesday for short walks and
shopping after enduring more than a month under a COVID-19 lockdown, while China’s capital, Beijing, focused on mass tests and said it would keep schools closed. Click here to read…

Central Chinese city of Zhengzhou imposes new COVID movement curbs for May 4-10: Reuters
May 3, 2022

The central Chinese city of Zhengzhou announced on Tuesday it would impose new COVID-related movement curbs for May 4-10. Schools in the main city district will go online, while employees with government organisations and companies in the area must work from home during that period, according to a statement on the city’s official WeChat account. Click here to read…

Beijing curbs public transport as COVID spreads in China: Reuters
May 4, 2022

The Chinese capital Beijing shut dozens of metro stations and bus routes on Wednesday in its campaign to stop the spread of COVID-19 and avoid the fate of Shanghai where millions of residents have been under strict lockdown for more than a month. New evidence has emerged that China’s uncompromising battle against the coronavirus, believed to have emerged in a market in the city of Wuhan in late 2019, is undermining its growth and hurting the international companies invested there. Click here to read…

Blinken to outline U.S. China policy in speech on Thursday: Reuters
May 4, 2022

U.S. Secretary of State Antony Blinken will deliver a speech on Thursday outlining U.S. policy towards China, the State Department said. Blinken will give the speech at 11 a.m. Eastern Time (1500 GMT) at Washington’s George Washington University, at an event hosted by the Asia Society think tank, the State Department said in a statement. Click here to read…

Beijing closes dozens of subway stations and suspends bus routes to keep a lid on outbreak: South China Morning Post
May 4, 2022

The Chinese capital Beijing confirmed 51 new Covid-19 infections, a relatively low number compared to some 20 million tests that were conducted, state media reported on Wednesday. The nation’s political centre suspended many public transport routes and closed subway stations on Wednesday in its drive to curb the spread of Covid-19 and avoid the fate of Shanghai where millions of residents have been under strict lockdown for more than a month. The city closed more than 40 subway stations, about 10 per cent of the total, and 158 bus routes on Wednesday, according to operators. Most of the suspended stations and services are in the Chaoyang district, where most infections were found. Click here to read…

China wary of Russia-type sanctions, but Beijing’s ‘financial nuclear bombs’ are a powerful deterrent: South China Morning Post
May 4, 2022

Punishing the world’s second-largest economy with destructive financial and economic sanctions – such as expelling China from the international Swift payment system and freezing foreign reserves – had never been publicly considered an option by Washington.
But that changed when they were levied against Russia for its invasion of Ukraine. Now, the breadth of those sanctions, and the speed at which they were applied, have given Beijing a glimpse of what it could face if it offers support to Moscow or tries to forcefully reunify Taiwan with the Chinese mainland. Click here to read…

China Daily Digest February 17, 2022

Xi urges related parties to adhere to political settlement of Ukraine issue: Xinhuanet
February 16, 2022

Chinese President Xi Jinping on Wednesday stressed that related parties should stick to the general direction of political settlement of the Ukraine issue. The Chinese president also emphasized that related parties should make full use of multilateral platforms including the Normandy format, and seek a comprehensive settlement of the Ukraine issue through dialogue and consultation. Click here to read…

Xi says China ready to work with France on China-EU investment deal: Xinhuanet
February 16, 2022

Chinese President Xi Jinping on Wednesday afternoon said China stands ready to work with France to advance the ratification of the China-EU investment agreement and its entry into force. He also called for joint efforts to make a success of the China-EU leaders’ meeting, and the new round of high-level dialogues on strategic, economic and trade, green, digital and people-to-people affairs, so as to bring tangible benefits to the people on both sides. Click here to read…

China to build green air logistics network by 2025: Xinhuanet
February 16, 2022

China plans to build a preliminary “safe, smart, efficient and green” air logistics system by 2025, according to a special plan on the development of aviation logistics. Air logistics costs will notably reduce by then; and air logistics services for high-end manufacturing, postal-express delivery, and cross-border e-commerce will continuously improve, says the plan issued by the Civil Aviation Administration of China. Click here to read…

Zhengzhou official punished over floods given new health post: China Daily
February 16, 2022

Hou Hong, the ousted former mayor of Henan provincial capital Zhengzhou, has been appointed deputy director of the province’s health commission, according to local authorities. Click here to read…

China facilitates development of AG600 large amphibious aircraft: China Military
February 16, 2022

China is facilitating the development of the homegrown AG600 large amphibious aircraft, a key member of the country’s “large aircraft family,” according to the developer Wednesday.
In 2022, the AG600 project has set a target to see three new aircraft enter the final assembly phase and three aircraft to take maiden flights, said the Aviation Industry Corporation of China (AVIC), the country’s leading plane-maker. Click here to read…

China offers fighters, training aircrafts, choppers and drones at the Singapore Airshow: Global Times
February 17, 2022

China displayed a wide variety of military aircrafts, including the JF-17 fighter, the L-15 advanced trainer, the Z-10 armed chopper and the Wing Loong drone, at the ongoing Singapore Airshow. Observers said on Wednesday that Chinese warplanes could be an attractive choice for countries in the region. Click here to read…

Chinese ride-hailing service providers summoned by market regulator in Henan: Global Times
February 17, 2022

Five major domestic ride-hailing service providers, including Didi Chuxing, were summoned by market regulators of Central China’s Henan Province on Wednesday over multiple business activities that are disrupting market order and fair competition. Click here to read…

China’s inflation slows, leaving room for policy easing: Reuters
February 16, 2022

China’s factory-gate inflation eased to its slowest pace in six months and consumer price growth also softened in January amid weakening property sector demand, new coronavirus curbs and government efforts to rein in surging materials costs. Click here to read…

USTR says new trade tools needed to fight China state-led trade: Reuters
February 16, 2022

The United States needs to pursue new strategies and update its domestic trade tools to deal with China’s “state-led, non-market policies and practices”, the U.S. Trade Representative’s office said on Wednesday in a new assessment report. Click here to read…

Xi Jinping urges China to arm itself with stronger laws and better lawyers for ‘international struggle’: South China Morning Post
February 16, 2022

President Xi Jinping has urged China to speed up legislation related to foreign matters, with a priority on “urgent” areas including sanctions and interference. “We must use legal means to conduct international struggle,” Xi said in an article published on Tuesday in Qiushi, the Communist Party’s main theoretical journal. Click here to read…

Chinese graduates’ petitions ask central government to probe case of trafficked woman found in chains: South China Morning Post
February 17, 2022

Alumni of top universities in China have publicly called on the government to thoroughly investigate the case of a woman found in a hut chained by her neck and later revealed to have been trafficked.A hundred alumni of the prestigious Peking University in Beijing have signed an online petition urging the Communist Party and the State Council, the country’s cabinet, to look into the case of the woman, who was seen in the hut in Xuzhou, eastern China, in a video that went viral last month. Click here to read…

World Bank accused of ‘funding campaign of repression’ in Xinjiang: South China Morning Post
February 16, 2022

The World Bank has been accused of “funding a campaign of repression” of Uygurs and other Muslim minorities in Xinjiang in a new report that reveals the Washington institute’s exposure to the Chinese region.The report by the Atlantic Council, a prominent Washington-based think tank, found “significant evidence” that several clients of the International Finance Corporation (IFC), a World Bank subsidiary, were “active participants” in a campaign in which China has been accused of the widespread use of forced labour, forced displacement of people from their land, cultural erasure and environmental destruction in Xinjiang. Click here to read…

Chinese scientists say a cheap, lightweight foam could improve hypersonic weapons: South China Morning Post

February 17, 2022

Chinese scientists say they may have found a coating material to improve the performance of future hypersonic weapons: carbon foam. The team at the China Aerodynamics Research and Development Centre said their testing – carried out in a wind tunnel – suggested the material could reduce the impact of shock waves by more than 20 per centClick here to read…

China: Daily Scan, January 28, 2022

China hands punishments to 19,489 officials in December 2021 for violating frugality rules: Xinhuanet
January 27, 2022

China handed punishments to 19,489 officials in December 2021 for violating the country’s eight-point rules on improving Party and government conduct, China’s top anti-graft body announced on its website on Thursday. Click here to read…

Chinese premier holds symposium with foreign experts in China: Xinhuanet
January 27, 2022

Premier Li Keqiang on Wednesday afternoon held a symposium in Beijing with representatives of foreign experts working in China before the Spring Festival or the Chinese Lunar New Year. Li extended Lunar New Year greetings to the foreign experts and thanked them for their contributions to China’s reform, opening-up, and modernization. Click here to read…

China issues 5-year plan to modernize market regulation: Xinhuanet
January 27, 2022

China’s State Council has issued a plan to advance the modernization of the country’s market regulation over the 14th Five-Year Plan period (2021-2025). The plan calls for continuously optimizing the business environment in China to fully stimulate the vitality of market entities. Click here to read…

Tibet leads the country in resident income growth: Xinhuanet
January 27, 2022

The per capita disposable income for residents in southwest China’s Tibet Autonomous Region expanded 14.7 percent year on year to 24,950 yuan (around 3,936 U.S. dollars) in 2021, leading the country in income growth. The average annual increase of the past two years was 13.1 percent, the regional government announced at a press conference on Thursday. Click here to read…

China vigorously boosts development of outstanding SMEs: Quishi
January 28, 2022

Hubei Kofon intelligent transmission equipment Co., Ltd., an innovative small and medium-sized enterprise (SME) specializing in the research and development (R&D) as well as production of reduction gear, provides more than 85 percent of the reduction gears in pipe jacking machines used in the construction of underground pipe galleries and over 80 percent of the speed reducers in the railings for electronic toll collection (ETC) at expressway toll stations in China. Click here to read…

Strong link between Party and religious work stressed: China Daily
January 28, 2022

China’s top political adviser Wang Yang extended Spring Festival greetings on Thursday to religious figures and believers nationwide and called for efforts to encourage religions in China to better adapt to socialist society. Click here to read…

Floods spark reshuffle in Zhengzhou: China Daily
January 28, 2022

The leadership of Zhengzhou, capital of Henan province, which was ravaged by catastrophic flooding last year, has been reshuffled as central authorities sum up lessons from the city’s inadequate emergency response to extreme rainfall, a phenomenon likely to become more frequent amid global warming. Click here to read…

China’s Space Program: A 2021 Perspective: China Daily
January 28, 2022

The State Council Information Office of the People’s Republic of China published a white paper titled “China’s Space Program: A 2021 Perspective” on Friday.

Following is the full text of the white paper:

China’s Space Program: A 2021 PerspectiveClick here to read…

NGO of Muslims fooled by anti-China WUC to call for ‘boycott’ of Beijing Games: Global Times
January 28, 2022

The Global Imam Council, which claims to be the world’s first and largest transitional nongovernmental body of Muslim religious leaders, was fooled by the World Uyghur Congress (WUC), a US-backed separatist group which seeks the fall of the Chinese government, to issue a statement calling for a boycott of the Beijing Winter Olympics under the instigation of the WUC’s head, arabiaanews.com.iq reported on Thursday. Click here to read…

Tencent’s employee challenging overtime work triggers hot discussion online: Global Times
January 27, 2022

A new employee at Shenzhen-based Tencent challenging overtime work triggered a hot discussion online on Wednesday with some netizens even saying the move hopes to be the beginning of the end of the “Neijuan” or “internal competition” in the hyper-competitive culture in China’s internet industry. The employee, surnamed Zhang, criticized the fact that managers, only pay attention to the progress of work and ignore the continuous overtime work of developers, according to China’s Twitter-like social media platform Sina Weibo. Click here to read…

China regulator talks to foreign banks to soothe economic concerns: Reuters
January 28, 2022

The China Securities and Regulatory Commission (CSRC) met this week with the executives of top western banks and asset managers to reassure them about the country’s economic prospects after regulatory crackdowns in 2021, three sources said on Friday. Click here to read…