• Business

Shanghai Disney Resort closes again

Human Rights 11/01/22, 17:50

A fun outing with the family can turn into several days of anguish. On October 31, Shanghai authorities decided to abruptly shut down the theme park while visitors were still inside. Videos circulating on the Chinese social network, WeChat, showed people desperately running toward the park's exit gates, which were closed ...

Many train stations in China are on the verge of collapse

Social problem 10/30/22, 15:31

The COVID-19 pandemic in China has now spread to at least 29 provinces. Local governments have locked down areas under a "zero-COVID" policy and restricted people's travel. Repots are that many train stations are on the verge of collapse, and scenes of crowded train stations have disappeared. On October 26, the ...

Chinese tycoons sell assets! Experts say it’s too late

Trending 10/30/22, 15:04

https://www.aboluowang.com/2022/1028/1822520.html Hsieh Chin-ho, chairman of Caixin Media, posted on Facebook that in the past few days, foreign media outlets have reported that after the CCP’s 20th National Congress, wealthy Chinese are selling their assets. Shanghai luxury homes plummeted by 40%. Hsieh believes that "it's too late to seek cover after ...

Why do many Chinese billionaires end up tragically?

Corruption 10/29/22, 19:06

Despite the trade war with the U.S. and the global economic stagnation due to the COVID-19 pandemic, in early 2021, China overtook the U.S. to become the first country with more than 1,000 billionaires. China's economic boom during the past few decades has created a new super-rich class, with famous names ...

US continues buying banned Chinese technology that threatens national security

Insights 10/29/22, 18:16

Following actions taken in 2019, by former President Trump, on banning the government's use of Chinese technologies, which breach national security, a new report finds that the measure is not enforced. On October 26, Georgetown University's Center for Security and Emerging Technology reported that at least 1,681 state and local entities ...

Why do many Chinese billionaires end up tragically?

Social problem 10/27/22, 15:13

Despite the trade war with the U.S. and the global economic stagnation due to the COVID pandemic, in early 2021, China overtook the U.S. to become the first country with more than 1,000 billionaires. China's economic boom during the past few decades has created a new super-rich class, with famous names ...

Chinese domestic brand loses $1.7 billion in 3 days

Trending 10/23/22, 14:38

Li Ning, a Chinese sportswear brand, recently launched a new product. However, in the new line, there are winter clothes that according to some Chinese netizens are very similar to the World War II military uniforms worn by the Japanese army. The company has been subjected to a storm of ...

Germany seeks to end economic dependence on Chinese regime

Trending 10/17/22, 13:32

After Germany's long economic dependence on industries subject to the Chinese regime, everything seems to indicate that its leaders will try to break with this apparently heavy and risky relationship inherited from former Chancellor Angela Merkel.  Given that the Chinese Communist Party (CCP) is accused of abuse in its international relations, ...

Key enterprise in CCP’s Belt and Road Initiative is heavily indebted

Insights 10/15/22, 15:42

The CCP's "Belt and Road Initiative" has encountered bottlenecks abroad. Not only are participating countries increasingly unable to repay their loans, but Chinese infrastructure investors are also under tremendous pressure. Since 2013, the CCP has spent $1 trillion on the "Belt and Road Initiative," trying to expand its influence in Asia, ...

Carcinogens on Chinese clothes are 27 times higher than law allows

News 10/14/22, 14:35

CCTV on October 10 reported that recently, the State Administration of Market Regulation of China conducted a random inspection. During the inspection, a number of pieces of women's clothing manufactured by Shenzhen Anruoyi E-Commerce Company were found to have a carcinogenic aromatic amine dye called "benzidine" that seriously exceeded the ...

New US restrictions put China’s technology future in jeopardy

Insights 10/13/22, 15:16

The U.S. move to protect the semiconductor industry continues apace. This Tuesday, the Commerce Department ordered a ban on selling high-tech equipment to large Chinese semiconductor companies such as Yangtze River Storage, Changxin Storage, SMIC, and others. In addition, foreign residents in the United States will not be allowed to ...