Chinese police burn money for fun; Temporary lockdown in Haikou; Heat wave hits Henan
Chinese police use money to light cigarettes Chinese people are still struggling to make money in the context of the Covid epidemic and natural disasters raging everywhere. Therefore, any money earned has cost them sweat and tears. But a video leaked online showing the actions of a Chinese police officer made everyone ...
Abandoned $9 billion skyscrapers: Yet China continues building nearly 4,000 more
China is known as the infrastructure maniac. Besides, high altitude is also very popular in China. Accordingly, China has 50 of the 100 tallest bridges in the world. Beipanjiang Bridge in Guizhou province is the world’s highest bridge. It is more than 1,800 feet above the Beipanjiang Grand Valley. China also ...
China: Building world’s largest tunnel to boost food production or conceal the Three Gorges Dam failure?
China has just begun construction of a new tunnel project named Yinjiangbuhan on July 7 designed to send water from the Three Gorges Dam to Beijing. The Yinjiangbuhan Tunnel is 150 miles long, and parts will go as deep as 3,300 feet underground. It is about twice as long as the Päijänne ...
China’s chip industry: 8 officials sacked and tens of billions wasted; corruption shatters previous hope
China has been planning to produce its own chips. However, the chip industry in this nation has been facing some challenges. The South China Morning Post (SCMP) cited a report from Protocol, a U.S. tech news site. China's push toward semiconductor self-sufficiency may suffer another major setback if the United States prohibits ...
U.S. alleges China’s largest cable maker helped ZTE conceal Iran association
The U.S. Commerce Department has accused China’s biggest wire and cable producer Far East Cable of having a hand in letting Iran acquire restricted telecommunications equipment. A statement released on Aug. 8 alleged that Far East Cable helped Chinese telecoms firm ZTE hide its business with Iran, charging the Jiangsu-based company ...
‘Not even spare coffin money’: Beijing rolls out housing loans for elders
Beijing has recently declared that it will test housing loans for seniors 60 and older. As such, elders could buy homes with a minimum 35% down payment. Their children can apply for the loan together. The action, nevertheless, caused controversy. According to China Securities Times, this pilot plan would relax home ...
Bad move: China’s Foreign Ministry spokeswoman ridiculed after a Tweet on Taiwan restaurants
Chinese Foreign Ministry spokeswoman Hua Chunying's tweet has recently sparked ridicule online. After using Chinese restaurants in Taipei to reinforce Beijing's claim over Taiwan, Hua received a storm of comments challenging her words. Spokeswoman Hua Chunying posted on her Twitter account on August 7, "Baidu Maps show that there are 38 ...
Mainland finance manager involved in fraud changed her life in prison
Chinese overseas media outlet XingTangRen reported on August 8 that a financial executive incarcerated for an economic case changed her outlook on life thanks to meeting a particular group of people. In April 2001, Hebei Baoxiang Import & Export Group Co., Ltd. was suspected of defrauding on export tax rebates. The ...
Chinese mom causes outcry: says teacher not good enough, he rides a bike
A Chinese mother who mocked her son’s teacher for riding a bike to school claimed he would set a bad example as her son has ridden in a BMW since birth. The mother said if the teacher is too poor to afford a car, it will make her son think ...
Sanya lockdown: Family of 13 to spend 180,000 yuan for 7 days after their flights are canceled
Sanya is known as the Hawaii of China. It is located in southern China at the southern tip of Hainan island and has beautiful beaches and a tropical climate, making it an ideal summer vacation destination. From 6 a.m. on August 6, Sanya implemented temporary global static management or lockdown. Aside ...
U.S. says China is main source of fentanyl; ‘unacceptable’ for it to stop anti-drug cooperation
The U.S. government has blasted China for halting their cooperation in drug trafficking combat, as it is the main source of narcotics brought to the United States. In a statement on August 8, the White House said that China's move to suspend cooperation with the United States is "unacceptable." Rahul Gupta is ...
China’s top real estate firm, R&F property in crisis: loss of $2.4 billion, default of $4.4 billion
On August 7, R&F Properties released the audited comprehensive annual results announcement for 2021. Its 2021 annual report was almost five months overdue. The report shows a loss of about $2.4 billion and a default of $4.4 billion. According to the report, in 2021, R&F Properties grossed $17.7 billion, a year-on-year decrease ...
Hong Kong mass emigration: UK & Canada drain record 126,000 young people from financial hub
Canada and the UK are attracting many young talented Hongkongers after Hong Kong national security law went into effect. Together two countries have provided working visas, with the potential for permanent residency, for 126,000 Hong Kongers, mostly under the age of 40. Some human resources consultants are concerned that the financial ...
India seeks to ban Chinese phones that cost under $150
Bloomberg reported on Aug. 8 that India is looking to ban Chinese made smartphones from its market that have a price tag of less than $150. India is driven to ban Chinese players from the cheap smartphone market and protect domestic producers from competition. Unidentified sources said there had been worries ...
Covid-19 in Hainan island continues to deteriorate, its economy immediately takes a hit
Reuters reported that due to Covid-19 rapidly spreading, island Hainan authorities decided to expand the lockdown to more areas on August 8. And the lockdown had an immediate effect on Hainan's economy. Considered China’s Hawaii, Hainan had just two symptomatic cases last year. However, from Aust 1 to August 8, this ...
Former US official critical of Chinese official
As tensions rise in the Taiwan Strait, Chinese Foreign Ministry spokeswoman Hua Chunying posted a comment on Twitter on Aug. 7, saying "Baidu Maps show that there are 38 Shandong dumpling restaurants and 67 Shanxi noodle restaurants in Taipei." Adding, "Palates don't cheat. #Taiwan has always been a part ...
