First-ever human case of H3N8 virus recorded in China

News 05/04/22, 02:52

A highly contagious disease commonly found in winged animals infected a human being for the first time in mainland China. A 4-year-old boy was recently diagnosed with the H3N8 virus after coming in close contact with chickens and crows his family raised at their Henan province home. The country’s National Health Commission ...

Chinese police warns Ukrainians in China, the Ukrainian embassy voiced concerns

Insights 03/04/22, 21:46

Russia invaded Ukraine last week. After the Russian-Ukrainian delegation concluded the first round of negotiations, the Russian army strengthened its offensive on all fronts and launched artillery and bombardment on Kyiv capital and Kharkiv city. Ukraine's military, as well as its people, have sustained significant losses. On Twitter, Chinese netizens said ...

14 Chinese officials dismissed on one day, 1 sentenced to life imprisonment

Insights 02/26/22, 21:55

Fourteen Chinese officials in 11 provinces and regions were removed from their posts, or sentenced to prison. One of them, Huang Baojin黄宝金, the former vice-chairman of the Hengyang 衡阳 Municipal Committee, was sentenced to life imprisonment. According to an official report by the Beijing government on Feb. 25, he was accused ...

Chinese influencer Ping Rong penalized with nearly $10 million for tax evasion

Insights 02/25/22, 21:22

Chinese live-streamer Ping Rong, 29 years old, has become the latest online influencer targeted by local authorities for tax evasion. In an announcement on February 22nd, Guangdong authorities said the e-commerce host has been dishonest on her earnings from her live-streaming activities between 2019 and 2020. Following the charges, Ping must pay ...

Alibaba’s stock drops due to fear of China’s new regulations

Economy 02/23/22, 16:53

According to Reuters, the regulatory authorities have ordered state-owned companies to give information on their equity investments, asset-backed securities exposure, and Ant group loans. The move made a wave of sell-off Alibaba shares on Tuesday as Alibaba held 1/3 shares in Ant Group. Alibaba Group shares dropped 5.3 percent before ...

China holds bond supervision conference to deal with bond default risks

Economy 02/22/22, 13:44

The China Securities Regulatory Commission (CSRC) on February 18 held a conference on bond supervision amid on-going bond default risks facing real estate developers. According to the summary of the conference, CSRC focused on preventing and resolving the risk of bond defaults. The summary did not provide details on the Commission's ...

Despite China’s embargo, Lithuanian exports hit a 10-year high

Economy 02/17/22, 19:52

On Feb. 13 2022, the Lithuanian state broadcaster (LRT) reported that Lithuanian exports grew significantly, unaffected by the COVID epidemic, geopolitics, and especially the Chinese regime's crackdowns. Lithuanian's merchandise exports increased 20.5 percent year on year. Jonė Kalendienė, head of Enterprise Lithuania's Research and Analysis Division, said, "An overview of the ...

Beijing targets pharma industry with anti-monopoly regulation

Economy 02/01/22, 21:58

After targeting the education, real estate, and big tech sectors, Beijing is now looking to reinforce anti-monopoly regulation on pharmaceutical companies. Reuters reported that the Chinese Ministry of Industry and Information Technology said, on Jan. 31, it wanted the freshly tightened laws to create fairer competition in the market and counter ...

China’s ‘Zero-COVID’ policy wreaks havoc on its airline industry

Economy 01/29/22, 19:36

The Chinese regime has promoted the suspension of flights to ensure the goal of "Zero COVID." Unfortunately, this policy has severely disrupted an aviation industry already suffering from the pandemic. According to Nikkei, in 2021, China suspended 603 flights. As of January 13th, China suspended 198 flights in the new year, ...

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