• Business

U.S. lawmakers reach proposal on China investment curbs

China 06/15/22, 03:36

According to Reuters, a bipartisan group of lawmakers announced Monday that they have reached a proposal that would give the U.S. government powers to block U.S. investment in China. The House Foreign Affairs Committee lawmakers stated that they have discussed with related parties "on developing a robust, targeted outbound investment mechanism ...

Chinese firm allegedly found buying high selling low gold on purpose

China 06/12/22, 22:15

A Chinese company was detected purchasing a large amount of gold in a short period of time. It said it uses gold for production. But the products it sold did not contain gold. That company is Sichuan Guojinbao Industrial Co., Ltd, based in Mianyang City, Sichuan Province. Its owner bought a ...

China: the world’s largest electricity producer continues to import Russian electricity

Russia 06/12/22, 02:06

According to statista.com, China is the world's largest electricity producer so far, with nearly 7.8 trillion  kilowatt-hours generated in 2020.  However, due to the economy's rapid growth, the amount of electricity available is insufficient to fulfill manufacturing demands. The electricity consumption in China was about 8.31 trillion kilowatt-hours in 2021, a year-on-year ...

The confusing situation of China’s convenient? rapid test chambers

News 06/10/22, 18:53

Since June 1, Zhengzhou City in Henan Province has been conducting nucleic acid testing normalization. Testing booths are installed everywhere to ensure nucleic acid samples are collected from every 15-minute sampling circle. After only one day of mass testing, the test chambers revealed several design faults. The test chambers are poorly designed, ...

China small business owner: Government’s bailout policy not working

Economy 06/07/22, 08:43

The Chinese government has recently introduced financial policies to support small and micro-sized enterprises battered by the recent Covid outbreak. However, these companies are complaining that they still cannot access loans. Mr. Lin is a business owner operating a restaurant in Guangxi province. In an interview via a phone call with U.S.-based ...

How did China become the world’s No.1 Intellectual Property thief?

Tech 06/06/22, 06:17

$600 billion, do you have any idea of what one could do with that huge amount of money? In May 2022, Ukrainian President Zelensky estimated that it would take roughly $600 billion to rebuild his country from the pile of debris left after the war, reported The Wall Street Journal. ...

Covid’s curb in Beijing affects small businesses and raises complaints

Human Rights 06/03/22, 00:53

Small business owners are complaining as strict Covid measures in Beijing make them struggle to make a living.  Beijing authorities recently banned the so-called "seven small places" from opening. This measure affects small restaurants, Internet cafes, hotels, public bathing, dance halls, barbershops, and convenience stores.  In an interview with Radio Free Asia, a ...