China’s central government has blasted ride-hailing giant Didi Chuxing after reports emerged over the weekend that a second passenger had allegedly been killed by a driver while using the company’s carpool service, Caixin reports. Didi has suspended its Hitch service across China, but this move has failed to satisfy Chinese officials. Executives from Didi attended […]
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South Korea has intensified quarantine measures at airports nationwide after border officials detected African swine flu in processed pork products imported from China, Reuters reports. The chances of the disease spreading to South Korea is low due to the fact that the food products were heat-treated, according to an announcement by South Korea’s agriculture ministry, […]
Three Chinese bitcoin mining equipment makers plan to launch initial public offerings in Hong Kong aimed at raising billions of dollars, despite plunging demand for their products, Reuters reports. Bitmain, Canaan Inc and Ebang International all plan to list in Hong Long in the coming months. Ebang is hoping to raise $1 billion, while Ebang […]
Profit growth in China’s industrial economy slowed for the third consecutive month in July, according to the latest data from the National Bureau of Statistics, suggesting that the Chinese economy is continuing to weaken. Profits for large industrial enterprises grew 16.2% year-on-year in July, down from 20% in June, the Financial Times reports. China’s metals […]
One of the great misconceptions about China is that its stock markets are equivalent to other major world markets. One of the ways in which this is not true, we would argue, is the extent to which the index is influenced by Those in Command. There are those who argue the impact is usually more […]