9 d. ago China’s industrial profits fall more slowly amid crackdown on price wars

China’s industrial companies saw their profits fall at a slower pace in July, in a potential sign that efforts to curb overcapacity are starting to ease the strain from aggressive competition among producers. Industrial profits declined 1.5 per cent last month from a year earlier, falling the least since they began shrinking in May, according to data released on Wednesday by the National Bureau of Statistics. For the first seven months of the year, earnings contracted 1.7 per cent year on...

Economics

1 week ago China Industrial Profits Ease Drop With Crackdown on Price Wars

China Industrial Profits Ease Drop With Crackdown on Price Wars  Yahoo Finance

Economics

2 w. ago Jimmy Lai trial: Hong Kong judge dismisses freedom of expression defence

A Hong Kong judge hearing Jimmy Lai Chee-ying’s national security trial has dismissed the defence’s contention that the former media boss was just exercising his right to freedom of expression with his anti-China comments, citing crackdowns on pro-Palestinian protests in the West. A protracted debate at West Kowloon Court on the proper reading of Lai’s allegedly offensive statements took a turn on Friday when one of three presiding High Court judges hit out at lawyers’ “la-di-da” defence...

Events

2 w. ago China cracks down on fake medical advice with new rules for health influencers

Chinese authorities have announced new rules targeting the rapid expansion of medical science accounts on social media and other unofficial channels to counteract false and misleading medical information online. On August 1, the Cyberspace Administration of China (CAC), the National Health Commission (NHC), the State Administration for Market Regulation (SAMR), and the National Administration of Traditional Chinese Medicine (NATCM) jointly issued a notice about the comprehensive regulatory...

Science

2 w. ago Nvidia looking to halt H20 chip production after China cracks down on purchases, reports say

Nvidia looking to halt H20 chip production after China cracks down on purchases, reports say  CNBC

Politics

2 w. ago China's overcapacity crackdown faces litmus test in solar sector

China's overcapacity crackdown faces litmus test in solar sector  Reuters

Politics

2 w. ago China’s shift to quality is redrawing Southeast Asia’s tech map

On August 1, China’s state planner announced a crackdown on “herd behaviour” in emerging industries, targeting the surge of capital into hot sectors such as electric vehicles (EVs), batteries and solar. Officials warned against “blind imitation” where firms large and small pile into the same space, sparking price wars and overcapacity. This frenzy, often dubbed neijuan or “involution” in China, has become a major liability. The new rules aim to prevent chaotic boom-bust cycles and enforce...

Politics

2 w. ago The big shift in ethnic affairs exposed by China’s corruption crackdown

First came the investigation in January into Qizhala, the ethnic Tibetan former chairman of the Tibet autonomous region. Then in May, it was the turn of Lan Tianli, the ethnic Zhuang chairman of the Guangxi Zhuang autonomous region. In July, just as Qizhala was being expelled from the Communist Party, Liu Hui, the ethnic Hui former chairwoman of the Ningxia Hui autonomous region, came under investigation for alleged corruption. The three cadres are among just a handful of senior officials from...

Politics

4 w. ago China cracks down on stablecoin promotions, research and seminars

China cracks down on stablecoin promotions, research and seminars  Cointelegraph

Politics

4 w. ago Ant Digital promotes blockchain platform as Hong Kong implements stablecoin law

Ant Digital, an affiliate of Chinese fintech giant Ant Group, is promoting its blockchain platform for asset tokenisation in Hong Kong, a week after the city’s stablecoin law came into effect. Ant is positioning itself as a “portal” that connects Web2 and Web3, “providing more credible assets to Web3 and more compliant capital to Web2”, Bian Zhuoqun, vice-president of Ant Group and president of blockchain business at Ant Digital, said at an event in Hong Kong on Thursday. The company aimed to...

Politics

4 w. ago Why a Teen Bullying Case in China Set Off Protests and a Crackdown

Why a Teen Bullying Case in China Set Off Protests and a Crackdown  The New York Times

Events