China’s small banks see high rate of local financial corruption

Economy 06/11/22, 02:26

With some rural banks involved in financial investigations, small and medium-sized banks in China have found themselves being a place with a high rate of local financial corruption. In Liaoning province alone, 63 top executives of small and medium-sized banks have been detained from 2021 to May 2022. This number means ...

Omicron outbreak in Inner Mongolia: lockdown restrictions implemented

China 06/11/22, 02:25

Mongolian authorities reported 37 local COVID-infected cases and 93 local asymptomatic infections on June 8. As of June 9, the number of infected people had reached 376. The major port city Erenhot suffered the worst outbreak. According to the state-run China Daily, the outbreak started a week ago. The city has ...

Shanghai: public anger at on and off lockdowns

Human Rights 06/11/22, 02:24

Lockdowns in some communities in Shanghai have just been lifted and then under lockdowns again, sparking public anger. Recently, residents of Changle Road in Shanghai's Jing'an District continued to protest against the closure of the District and the arresting people for isolation. When police arrested one resident, others gathered at the area ...

Expert explained reasons China scared of Musk’s Starlink

Tech 06/11/22, 02:19

Brandon Weichert, a space expert was cited by ET on June 8, saying that Elon Musk's Starlink makes the Chinese Communist Party (CCP) "nervous." Starlink is a satellite internet constellation operated by Musk’s spacecraft company SpaceX. Currently, Starlink consists of over 2,400 satellites that orbit the earth at an altitude more ...

Beijing remains reluctant to Sri Lanka’s loan request help

Sri Lanka 06/11/22, 02:14

As Taiwan Newtalk said on June 6, Sri Lanka is currently in a serious economic crisis; President Gotabaya Rajapaksa wants China to help with the debt burden. Speaking at a press conference on June 8, the Chinese Foreign Ministry made remarks regarding Sri Lanka's request. Foreign Ministry Spokesperson Zhao Lijian said ...

Divorce registrations increase after Shanghai’s lockdown eased

Social problem 06/11/22, 02:01

During Shanghai's two-month strict lockdown, some people struggled to obtain food and medical supplies, among other hardships they had to suffer. The lockdown's impact on people's mental health has triggered other issues. The Civil Affairs Bureau became active once Shanghai reopened. Many couples have rushed to apply for divorce, leading to ...

Shanghai tries to revive trade with foreign investments after lockdown destroyed confidence in China

Economy 06/11/22, 02:00

According to Reuters, Shanghai officials are attempting to re-establish multinational firms' trust in the city via discussion and loosening limits on foreign workers' admittance. The Shanghai government will focus on holding 20 government-enterprise communication roundtables in June, focusing on key investment countries and key industry sectors. The key regions include the ...

Fire in Zhejiang, people jump from building to escape

Disasters 06/11/22, 01:54

According to Timednews, a fire broke out on the second floor of Building 18, Hangzhou Bay Building Materials Market in Zhejiang Province at about 10 am on June 9.  A video posted by netizens shows that the entire building materials market was billowing with smoke, reaching hundreds-of-meters high, obscuring the sky ...

The confusing situation of China’s convenient? rapid test chambers

News 06/10/22, 18:53

Since June 1, Zhengzhou City in Henan Province has been conducting nucleic acid testing normalization. Testing booths are installed everywhere to ensure nucleic acid samples are collected from every 15-minute sampling circle. After only one day of mass testing, the test chambers revealed several design faults. The test chambers are poorly designed, ...

8 Shanghai districts launch simultaneous testing, residents overwhelmed

Insights 06/10/22, 11:41

After the Shanghai government announced the reopening on June 1, nucleic acid testing campaigns have also increased. Shanghai residents need a negative certificate to move around the city. Eight districts in Shanghai are simultaneously testing all employees Chinese-language media Xin Tang Ren reported that, as officially announced, on June 11, the districts of New ...