3 Chinese military helicopters enter Taiwan’s air defense identification zone

China 05/12/22, 02:45

Taiwan National Defense Ministry said that Three Chinese military helicopters entered Taiwan’s air defense identification zone (ADIZ) on May 10. One People’s Liberation Army Air Force (PLAAF) WZ-10 attack helicopter crossed the median line in Taiwan’s ADIZ southwest corner. Taiwan also tracked two Ka-28 anti-submarine warfare helicopters in a different southwest corner ...

JPMorgan: Chinese Internet stocks are ‘unattractive’ or ‘uninvestable’

Opinion 05/12/22, 02:23

In a March equity research report, JPMorgan mistakenly described Chinese Internet stocks as ‘uninvestable,’ which was later adjusted to ‘unattractive.’ Bloomberg reported that this accident has sunk the U.S. and Asian stock markets and blown off about 200 billion dollars. Losses spiraled after the bank inappropriately downgraded 28 Chinese tech stocks, ...

11 more U.S.-listed Chinese companies face delisting risk

Economy 05/12/22, 02:21

The U.S. continues to threaten Chinese stocks on Wall Street with delisting if the Chinese government does not allow public accounting firms to audit their companies’ accounts. The U.S. Securities and Exchange Commission on May 9 added nearly a dozen of Chinese concept stocks to a list facing delisting risk. This is ...

China’s mass testing to cost more than $210 billion a year

Economy 05/12/22, 02:06

Covid-19 is breaking out again in many parts of China. Big cities like Beijing, Hangzhou, Shanghai, and others have begun to require mass testing. People would need a negative test to enter buses, subways, and shopping malls. But how much fees will China have to cover for the mass testing? The first-tier ...

Shanghai residents complain nucleic acid tests are fake

China 05/12/22, 02:03

Recently, it has been revealed that there are a large number of false-positive results in the nucleic acid testing conducted by Shanghai ZhongKe Runda Laboratory (Zhongke Lab). The two most affected streets in Huangpu District, BanSongYuan and Wuliqiao were tested by this company. According to Sina, a letter of appeal from ...

Tech war: U.S. considers tougher crackdown on Chinese chipmakers

Tech 05/12/22, 02:01

According to the Information, the United States is considering a ban on the export of advanced equipment to Chinese chipmakers by American suppliers. China's technical self-sufficiency would be jeopardized by this decision.Besides Semiconductor Manufacturing International Corp. (SMIC), the potential ban will also affect state-owned Hua Hong Semiconductor, ChangXin Memory Technologies (CXMT), ...

Shanghai: Not residents, white clothes are protesting now

Human Rights 05/12/22, 01:58

There’s nothing new about the frustration among Shanghai residents when there is no end in sight to the lockdown. This time, hazmat suits are protesting. At the entrance of the China Construction Second Bureau Hospital, they were filmed holding banners that read, “Don’t let the anti-pandemic heroes cry,” and “want to ...

The fourth of Jiangxi’s ministerial officials removed

China 05/12/22, 01:49

Gong Jianhua, former deputy director of the Jiangxi Provincial Congress's Committee, was expelled from the Chinese Communist Party (CCP). He was also removed from his current position on May 10. Gong is the fourth provincial-ministerial official of Jiangxi Province dismissed since the 19th National Congress. According to China's anti-graft body's report, Gong ...

People fleeing out of Shanghai, subway shuts down for the first time

China 05/12/22, 01:45

China has been experiencing hard times this year, and the current situation is not much better. In Shanghai, the Beijing authorities not only implemented but also strengthened the most strict epidemic preventive and clearance methods. On May 10, the Shanghai Metro shut down all lines and stations, thus turning the ...

Chinese attack helicopter crosses Taiwan’s median line for first time

China 05/12/22, 01:27

Taiwan's Ministry of National Defense said that a Chinese military WZ-10 attack helicopter entered the air defense identification zone (ADIZ) around the island on May 10. It also crossed the median line- an informal line that divides the Taiwan Straits into the mainland side and Taiwan island side. This is ...

Dutch investment firm blacklisted some Chinese assets: Report

In-depth Reports 05/12/22, 01:20

According to Bloomberg, a Dutch investment firm has developed a screening tool that blacklists several assets from China. With 118 billion dollars under management, Van Lanschot Kempen NV said that the tool would filter environmental, social, and governance (ESG) risks. Nikesh Patel, the firm's senior executive at the company, said that this ...

Shanghai backs to lockdown for another week

China 05/12/22, 01:08

The Shanghai Health Commission’s Weibo reported 1,259 new local cases on May 10, bringing the total number to above 600,000. In addition, there were 11 new deaths. The oldest is 90 years old, while the youngest is 65. Since April 17, there have been 547 deaths in Shanghai. Wanli street was ...

Freed Taiwan activist reveals stories behind Beijing’s arrest

China 05/12/22, 01:06

After five years in China’s jail, Taiwanese NGO activist Lee Ming-Che was freed in April. He and his wife revealed the stories behind his arrest in a press conference on May 10. In May 2017, Lee disappeared on Chinese soil. He called it a kidnap. The Chinese court sentenced him to ...