Updated on 10/18/2021 07:45 am China’s parliament will consider a bill to punish parents if their young children exhibit “very bad behavior” or commit crimes. Under the proposed draft family education promotion law, guardians will be punished and ordered to attend family education orientation programs if prosecutors determine that the children in their care engage […]
Tag: China
China faces challenges from “mismanagement” of some companies, says central bank chief
The Chinese economy “is doing well” but faces challenges such as the risk of default by certain companies due to “mismanagement”, said the governor of the People’s Bank of China (BPC), Yi Gang. In recent weeks, concern has grown about the possible collapse of the Chinese property developer Evergrande Group , which has more than […]
Bitcoin mining, China’s “involuntary gift” to the US
In the small town of Rockdale, Texas, a massive construction site alone illustrates the central role played by americans intend to play in the world of cryptocurrencies, after China decided to leave the sector. With a capacity of 750 megawatts, the largest bitcoin farm in the United States now has more than 100,000 computers in […]
Evergrande: China’s central bank says real estate debt is “controllable”
The central bank China described the risk of contagion from the real estate giant as “controllable” Evergrande to the financial sector, according to foreign media reports. Local authorities “carry out a risk elimination and resolution work in accordance with the principles of the law and commercialization,” said a person in charge of the People’s Bank […]
Toyota to cut global production by 15% in November due to lack of chips
Updated 10/15/2021 09:03 am The automotive manufacturer Toyota announced on Friday a reduction of around 15% or 150,000 vehicles in its production of November units due to the global shortage of chips and the risk posed by energy problems in China. The manufacturer will cut its production by Japan in about 50,000 units and international […]
LinkedIn announces the closure of its portal in China due to government censorship
Updated on 10/14/2021 12:12 pm The professional-oriented social network LinkedIn announced the upcoming closure of its portal in China, due to “operational difficulties and requirements” imposed by the Government of the Chinese Communist Party, in direct allusion to censorship. LinkedIn, owned by Microsoft, was until now the only large Western social network that continued to […]
China could maintain property restrictions despite slowdown, soften tactics
Chinese leaders, fearful that a housing bubble could undermine the country’s long-term growth, could maintain tough restrictions on the sector even despite the slowdown in the economy, but could soften some tactics as necessary, sources and analysts said. . President Xi Jinping appears determined to go ahead with the latest round of property policy tightening, […]
Experts Analyze Illegal Fishing in the Southwest Pacific and the Galapagos
Three specialists in biology, law and ecology participated the day before (Wednesday) in a virtual seminar on illegal fishing in the marine areas of the Andean countries, in the southwest Pacific Ocean, and in the Galapagos Islands, organized by the Universidad San Francisco de Quito (USFQ) from Ecuador. Marine biologist Mauricio Castrejón, a researcher at […]
China refuses to “politicize” investigation on origin of COVID-19 after creation of new committee in WHO
Updated on 10/14/2021 10:24 am China affirmed that it opposes “any kind of political manipulation” on the origin of the coronavirus pandemic after the World Health Organization (WHO) announced on Wednesday the composition of a new committee to continue investigating how COVID emerged. 19. This new committee, called the Scientific Advisory Group on the Origin […]
China frees up its coal prices to face the global energy crisis
The government of China decided last Tuesday, October 12, to allow coal-fired power plants to charge some of their customers for electricity at market prices. This, as part of a series of actions to boost coal production and manage electricity demand in industrial plants. In a context marked by power generation deficits associated with shortages […]