French newspaper: Multinational companies reassessing ‘China risk’

China 06/25/22, 08:12

According to a French economic newspaper, multinational corporations in China are losing their confidence following the brutal lockdown imposed on Chinese cities. The newspaper Les Echos on June 21, published an analysis article titled "The crisis of confidence of multinationals in China," focusing on the shocks by the business community in ...

Guangxi and Guangdong province face severe flooding

Disasters 06/25/22, 08:09

Since early June, Guangxi province has faced almost constant heavy rains, causing flooding in many places. On June 21, due to the heavy rainfall, the water levels of many rivers in Guilin city, Guangxi province, rose rapidly. According to Guilin News, the water level of the Li River in Guilin exceeded ...

Beijing might ban online drug sales, shares of AliHealth, JD Health plummeted

Morality 06/25/22, 08:04

According to China's media, the 21st Century Business Herald, Beijing might ban third-party platforms from offering medicines online. The move sent stocks of online drug sellers to plummet in Hong Kong on Wednesday, June 22.   China's drug watchdog, the National Medical Products Administration (NMPA), released a draft of the Regulations on ...

Taiwan Strait tensions: Is the CCP applying Sun Tzu’s Art of War?

China 06/24/22, 04:45

Tensions escalate in the Taiwan Strait, with rising risks of war. So why does Taiwan, a little island with only 24 million people, attract so much attention and 'devotion' from Beijing? Is the Chinese Communist Party applying Sun Tzu's Art of War to delude the whole world? This in-depth analysis ...

Drought and heat cause power shortages in 3 provinces in China

Disasters 06/24/22, 01:14

China's power shortage crisis is back. High temperatures are pushing Hebei province's power consumption to record highs due to the use of air conditioners. According to Reuters, a heat wave has engulfed the regions north of the Yangtze River. Three provinces, including Hebei, Henan, and Shandong, had a drought and heat ...

Numerous Chinese banks fined millions of yuan for various violations

Economy 06/24/22, 01:11

A series of Chinese commercial banks have recently been found violating regulations and penalized by the central bank. China’s Securities Times reported that the violators are both urban and rural banks, including big players such as Industrial and Commercial Bank of China (ICBC). On June 17, the Chongqing operation management department of ...

China – Russia shows off eight warships near Japan’s region

Japan 06/24/22, 01:09

The Japanese Defense Ministry on Tuesday said its military forces had spotted five Russian warships sailing alongside an anti-submarine destroyer through the Tsushima Strait. He added that Chinese warships have been around Japan since June 12. At least three Chinese vessels can be seen from the Izu Islands, about 310 miles ...