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It has been a record year for China’s internet moguls, but not in the way that most would have expected. The 10 richest tech moguls in the country lost $ 80 billion in combined net worth in 2021, according to the Bloomberg Billionaires Index, amid crackdown by Chinese regulators. The drop represents nearly a quarter […]
Tag: China
China admits difficulties in supplying food to the confined city of Xian
Updated on 12/29/2021 10:45 am The Chinese authorities admitted that they are having trouble guaranteeing food supplies to residents of Xian, a city that has been confined for a week. Those responsible admitted that “the low number of workers and the logistics and distribution difficulties”Is causing difficulties in delivering basic supplies to the population. The […]
Hong Kong pro-democracy daily shuts down after police raid and arrests
The Hong Kong pro-democracy daily Stand News announced its closure on Wednesday following the arrest of seven current and former employees and a police raid on its newsroom that illustrates the waning freedom of the press in this international business center. “Due to the current situation, Stand News will stop operating immediately and will stop […]
The main risks for the global economy in 2022
By 2022, economies – both the great powers and the emerging ones – are expected to turn towards a true growth path after the statistical rebound left by the second year of the pandemic. According to Bloomberg Economics, the baseline scenario is a solid recovery with cooling prices and distancing from emergency monetary policy scenarios; […]
China promises measures to stabilize the economy in 2022
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China is expected to add stimulus to stabilize growth next year, and several ministries vowed to take more proactive measures to reverse the slowdown caused by the worsening property downturn, consumer weakness and the coronavirus. As downward pressure on the economy mounts, ensuring stability has become the top priority of the top leaders for the […]
The Economist: China’s real estate slowdown reveals another troubling debt problem
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When officials in the southern city of Liuzhou began a routine auction of parcels of land in June, they found few buyers. Only one of the five parcels received an offer; the rest were unsold. As in many cities in China, a recession in the real estate market has meant less demand for the land […]
China to approve more local varieties of GM corn
China plans to approve new varieties of genetically modified corn (GMO) produced by domestic companies in an effort to ensure food safety, the Ministry of Agriculture announced. The move comes after Beijing postponed a review of seed regulations last month to pave the way for approval of transgenic crops, as government leaders call for progress […]
China tightens control over its overseas companies seeking to go public
China it will demand from all its public companies immersed in sectors that are closed to foreign direct investment (such as news and publications on the internet) an explicit authorization from the regulators before they can list their shares outside its continental domain. The National Development and Reform Commission (CNDR) of the Asian giant published […]
WHO warns of increasing omicron hospitalizations as China and EU impose new restrictions
The World Health Organization (WHO) warned that the rapid spread of the omicron variant could increase hospitalizations, despite early studies suggesting it causes milder symptoms and as China and Europe implement new restrictions. “A rapid increase in omicron, such as that seen in several countries – even if combined with a slightly less serious disease […]
Elon Musk accused of “near misses” with China’s space station
China accused the United States of “serious threat“For the safety of his astronauts, after claiming that two satellites of billionaire Elon Musk came close to colliding with the Beijing space station. The Chinese space station Tiangong should have carried out “preventive controls to avoid collisions” during the “close encounters”With the Starlink satellites of SpaceX in […]