China’s State Administration for Market Regulation (SAMR) has launched investigations into Didi Chuxing, the country’s largest ride-hailing service provider. This is reported by Reuters, citing sources familiar with the matter. According to the report, it is investigating whether DiDi used unfair competition practices to squeeze smaller competitors out of the ride-sharing market. In addition, SAMR […]
Beijing accused the Group of Seven industrialized nations (G7) of “interference in internal affairs” after its summit meeting in England. The spokesman for the Chinese embassy in London said on Monday that the communiqué distorted facts about Xinjiang, Hong Kong, and Taiwan and denigrated China. It reveals “the sinister intentions of the US and some […]
Dragon boat races are the highlight of the Duanwu holiday. Traditionally, in remembrance of poet Qu Yuan. To save him from the water, fishermen paddled to the scene of the accident in a race. Now, dragon boat races are organized all over the world.
Tech company Apple is reportedly negotiating with battery giants CATL and BYD to supply batteries to advance its iCar project. According to Reuters, several insiders have reported talks at an “early stage.” According to the report, a prerequisite for Apple to cooperate is that the two Chinese companies build production facilities in the US. Automakers […]
It’s that time again. Millions of university graduates of the so-called Generation Z are being flushed into the job market in China’s cities. Although their degrees alone give them a very good chance of finding a job, not all of them will get the job they long for. More and more young Chinese see the […]
Su Mang, the former Editor-in-Chief of the fashion magazine Harper’s Bazaar China, has triggered a shitstorm with a statement on television. She said that one had to spend at least ¥650 (the equivalent of €85) a day on food and that she could not live on less. Appalled by Su’s comment, many Internet users pointed […]
China exported around 5.3 million tons of steel in May, 19.8 percent more than in the same month last year. This is according to figures from the Chinese customs administration. According to the data, the cumulative steel export volume from January to May reached 30.9 million tons, which corresponds to a year-on-year increase of 23.7 […]
Producer prices rose in May by the most in 13 years. According to the Beijing statistics bureau, prices for commodities such as oil, iron ore, and other metals rose to such an extent that prices increased nine percent in May from a year earlier. Economists polled by Reuters had expected an 8.5 percent increase, up […]
The rice dumplings come in sweet and savory forms, with dates, red bean paste, or meat and egg yolk. And they are always wrapped in bamboo or reed leaves – zongzi (粽子) are a must for the Dragon Boat Festival. According to legend, the festival itself dates back to the attempted rescue of the poet […]
The sum of $170 billion played a geopolitical role in two different events worldwide. That’s how much money the US Senate wants to spend to upgrade the research and technology sector to compete against China. This comes, not coincidentally, just days before the G7 summit. US President Joe Biden wants to ally against China, as […]
