A Chinese court has sentenced former ICBC executive Zhang Hongli to death. Zhang is accused of using his former position as the bank’s vice president to collect bribes in the form of trips, gifts and real estate. In return, he is said to have helped companies and individuals obtain loans. This was reported by the […]
What was advertised idyllically as a winter wonderland in a tourist resort in Chengdu in southern China has led to a scandal. Visitors discovered that the snow beneath their feet was fake. The operators had used large cotton carpets to create an artificial snowy landscape and attract visitors. The organizer sure would have preferred to […]
China’s highest economic planning authority plans to cut renewable energy subsidies. The National Development and Reform Commission (NDRC) said on Sunday that it had made “market-oriented” policy changes in conjunction with the China Energy Administration to promote clean energy projects. “The cost of new energy development has dropped significantly compared to earlier stages,” the NDRC […]
China’s consumer inflation accelerated to its fastest in five months in January. The consumer price index rose 0.5 percent last month from a year earlier, quickening from December’s 0.1 percent gain, data from the National Bureau of Statistics showed on Sunday. According to experts, however, the figures are distorted by seasonal factors. The Lunar New […]
Lu Shaye has been appointed as the Chinese government’s Special Representative for European Affairs. Lu will help coordinate and handle European affairs and hold consultations and exchanges with European countries and EU institutions as needed, a Foreign Ministry spokesperson said. Lu had served as China’s ambassador to France until December. He was considered China’s top […]
The European Commission requested the fast fashion retailer Shein to provide internal documents and more detailed information on the risks of the goods offered on the platform. This mainly concerns possible illegal products and content, such as fake customer and product reviews, as well as defective products in cosmetics, toys, or goods that do not […]
Coinciding with a state visit by Prime Minister Paetongtarn Shinawatra to Beijing, Thailand has announced a draft semiconductor strategy. According to Narit Therdsteerasukdi, Secretary General of the consulting firm Thailand Board of Investment (BOI), a roadmap for the sector will be developed within 90 days. The country hopes that this will attract more investment. The […]
