Category: Business
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Fresh Chinese graduates battle job market; unemployment soars to 17.1 percent
The Communist of Party of China (CCP) under the rule of President Xi Jinping has taken some extreme measures to maneuver the country’s finance, tech and education sectors to suit its bill and to top that the COVID-led restrictions has taken its toll on the economy. In these uncertain times the fresh college pass outs…
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Deng Xiaoping’s legacy in Hong Kong: the unfinished business of one nation, two systems.
As China commemorates the 120th anniversary of Deng Xiaoping’s birth, the Post examines his legacy across generations. In the final of a three-part series, we look at Deng’s vision for Hong Kong and how much of it has been realised. Here is part one and two. In late 1991, Hong Kong businessman Frederick Ma Si-hang desperately wanted to sell…
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Shein uncovers child labor incidents at suppliers.
Chinese fast fashion giant Shein says it found two cases of child labour in its supply chain last year as it tightens scrutiny of the companies that make the clothes it sells. The firm says it temporarily suspended orders from the suppliers involved and did not resume business with them until they had stepped up…
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Fashion retailer Shein discovers child labor in its supplier network.
The online fashion seller Shein has admitted it found two cases of child labour and factories failing to pay the minimum wage in its supply chain last year, as it tries to gain backing for a potential £50bn UK stock market flotation. The disclosure, in Shein’s 2023 sustainability report, comes after workers’ rights campaigners called for the government…
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China’s Genocide Tourism Strategy.
A journalist based in Poland recently described a surprising find: a Nazi tourist guidebook from 1943 for tourists going to the so-called General Government, Nazi Germany’s most infamous dumping zone for deported undesirables on the ashes of occupied Poland. The region’s many sightseeing spots were recast as German heritage, which proud German tourists visited with the guidebook’s…
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China-Tajikistan BRI partnership benefits Tajik economy and strengthens relationships.
In downtown Dushanbe, two brand-new white buildings, characterized by a blend of classical European architecture, Islamic culture and modern designs, stand tall along Rudaki Avenue. The two buildings, intended for Tajikistan’s government and parliament, symbolize deepened China-Tajikistan political trust and economic cooperation. The grant aid construction agreement, with no strings attached, was signed in September…
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China to penalize US, EU; may hike 25 percent car tariff
China has successfully taken control of majority of EV cars and battery manufacturing market. But the US and the EU are prepping its chances of upping its game in the EV sector by manufacturing maximum cars lead by the US automaker Tesla. Lately the United States and the European Union has taken note of malicious…
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From Steaming Hot to Lukewarm: ChaPanda’s IPO Fails to Impress Hong Kong
The sectors of consumer durables, consumer non-durables, and business products in China are currently experiencing a downturn. This economic slump is not confined to mainland China but is also impacting Hong Kong, an international region under China’s jurisdiction, where the repercussions of China’s economic deceleration are distinctly visible. Sichuan Baicha Baidao, a renowned low cost…
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Forced labour still haunts Xinjiang: Chinese fashion retailer faces boycott amid allegations of exploiting Uyghurs
The Save Uyghur Organization, which is powered by Chicago-based human rights organisation ‘Justice for All’, has started a boycott campaign against Chinese online fast-fashion retail Shein alleging it is involved in the forced labour of Uyghur Muslims in China. ‘Justice for All’, advocates for stopping “China’s genocide of the Uyghurs and other Turkic people of…
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Concern in the South China Sea: Filipino fisherman are prevented from entering Huangyan island by the China Coast Guard
The China Coast Guard recently stopped a group of Philippine fishermen from trespassing into Huangyan island. Footage released over the weekend shows the group of fishermen standing on the reef of the island and illegally collecting seashells. The incident occurred in mid-January. Experts say such actions are damaging to the ecological environment and the coral…