U.K. stops economic aid for China as part of a new foreign policy strategy

China 05/22/22, 08:57

The British government launched a new international development strategy on May 16. The following day, the Secretary of State for Business, Energy and Industrial Strategy Kwasi Kwarteng said the U.K. would bring 16 million dollars of Official Development Assistance (ODA) funding in China to an end. On May 17, Kwarteng tweeted, ...

Earthquake magnitude of 4.8 hits Sichuan city

China 05/22/22, 04:31

According to the China Earthquake Networks, an earthquake of magnitude 4.8 occurred in Hanyuan County, Ya'an city, on May 20. The city belongs to China’s southwest Sichuan province. The tremor emerged at 8:36 a.m. local time, with a focal depth of 20 kilometers and an epicenter at 29.67 degrees north latitude ...

Mass exodus overwhelms Shanghai’s public transport system

China 05/22/22, 04:18

As Caixin reported on May 20, Shanghai authorities gradually increased the number of railways to serve people's transport needs. According to Sohu, there were initially four trains departing from Hongqiao Railway Station in a single day. The number of trains rose to 12 on May 16, which was expected to carry ...

Xiaomi posts disappointing first-quarter result as China’s Covid measures hit

Economy 05/22/22, 04:13

Xiaomi posted its record low first-quarter revenue as China's covid measures across the nation and disrupted supply chain hit the company. According to Reuters, the company's revenue in the quarter fell to 10.85 billion dollars from 11.38 billion dollars a year earlier and below analyst expectations of 11 billion dollars. Xiaomi shipped ...

Shanghai residents report false information spread by media outlet

Insights 05/21/22, 07:11

Shanghai authorities finally announced that all 16 districts had achieved “social zero” on May 17. They would gradually lift the lockdown and progressively return to everyday life. But many places still did not loosen the restrictions, causing people to question the authorities’ strategy. According to French media RFI, 2,500 of 10,000 ...

Anger of Shanghai citizens regarding new ‘unblocking’ announcement

China 05/21/22, 04:36

On May 19, Shanghai officials announced that “business and markets will resume,” but the closure and control remain. Shanghai citizens assumed that officials promoted false news about “unblocking” and “fireworks,” making them angry. Two days before, in an online video from Longbai Sancun Community, a group of people beat gongs and drums ...

Xiaomi posts disappointing first-quarter result as China’s Covid measures hit

Economy 05/21/22, 04:34

Xiaomi posted its record low first-quarter revenue as China's covid measures across the nation and disrupted supply chain hit the company. According to Reuters, the company's revenue in the quarter fell to 10.85 billion dollars from 11.38 billion dollars a year earlier and below analyst expectations of 11 billion dollars. Xiaomi shipped ...

Shanghai eases lockdowns, waterways shipping struggle to revive

Economy 05/21/22, 04:27

Shanghai has said it would gradually reopen after weeks of city closure, but large shipping companies say it does not mean the global supply could recover instantly. As Bloomberg reported on May 18, Jeremy Nixon, Ocean Network Express's chief executive officer, said that a backlog of 130 ships has formed off ...

63 top leaders of Liaoning’s small and medium-sized banks investigated

China 05/21/22, 04:25

According to the China Banking and Insurance Regulatory Commission report, Liaoning authorities have investigated 63 top leaders of small and medium-sized banks. Apollo News reported that the province only has 76 banks of this size across the region. These alleged leaders all have a significant influence on Liaoning’s financial system. Apollo reported ...

China: 60,000 armed police enter Beijing amid COVID outbreak

Insights 05/21/22, 04:22

The highly contagious Omicron variant has triggered a Covid outbreak in Beijing. As a result, this impacts China's government and its citizens. According to Taiwanese media Sanlin TV on May 17, around 60,000 armed police officers have been stationed in Beijing within the past two weeks. The media’s commentators said the ...

British government funds London Police Academy to train Chinese police

China 05/21/22, 04:20

A British non-governmental organization on May 17 revealed that the British government indirectly funded the Chinese regime’s crackdown in Xinjiang. The British NGO ‘Freedom from Torture report pointed out that the London Police College (LPC) cooperates with eight Chinese police Academies. Many of these institutions are involved in implementing Beijing’s high-pressure ...