Category: Business
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Chinese chipmaker company Tsinghua in debt
Tsinghua Unigroup held a creditors’ meeting yesterday, exactly three months to the day when it began the restructuring process, to discuss how CNY108.2 billion (USD16.9 billion) worth of debts will be repaid, the firm said on its WeChat account. A compensation plan is expected to be ready by Feb. 27 next year for creditors to…
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Is US really training locals reporter to write negative about China
The Herald has claimed that US is training local reporters and writes to write and speak about anti- China. In its report published on September 21, The Herald has maintained that the US is funding and training local reporters to write anti-China stories. “The United States is sponsoring a strategy to undermine Chinese investment in…
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Chinese provinces facing blackouts amid power crisis
New York, US: Amid the power crisis in China, the factories are forced to reduce operations, some provinces are facing blackouts and there are power cuts in other cities says the media reports. China’s electricity shortage is testing the nation’s status as the world’s capital for reliable manufacturing and exposing a strategic weakness. According to…
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No more investment on media industry: XI
Beijing, China: Investment on media industry Is banned in China in order to regulate the media on the county. As per the measure posted in the Chinese Communist Party (CCP’s) website, the State Development and Reform Commission (SDRC) said it is ‘soliciting public opinion’ on adding private sector investment in media organisations to a list…
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Toxic ‘996’ Work Culture – Not going to fly with the “Lying flat moment”.
It is a well-established fact that Workplace culture plays a major role in how you do your work and feel on and off the job every day. 1/4th of the people report that they are irritated at home by their workplace. A toxic working environment can also have significant productivity impacts. A study from Harvard…
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China’s business policy cutting the prosperity of other countries
Washington, US: “For too long, China’s lack of adherence to global trading norms has undercut the prosperity of Americans and other countries around the world,” said US trade representative Tai. “The US-China trade and economic relationship is one of profound consequence, how we relate to each other does not just affect our two countries, It…
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Corruption in Chinese Communist Party; probe underway
Beijing, China: Chinese Communist Party is in the charges of Corruption. The deputy director of the Social and Legal Affairs committee, is under investigation for disciplinary. Zhenghua, an individual with such a high profile is now involved in corruption, who once used to be a ‘Star’ official in the Chinese government. This clearly indicates that…
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Unmatched energy production target led to halt in manufacturing in China
Beijing, China: Energy consumption is too high in the manufacturing hub Zhejiang province of China due to which the government has asked large bunch of companies to halt the production. The order has affected nearly 160 energy-intensive companies, mainly the textile, dyeing and chemical fibre industries, Nikkei Asia reported on Saturday.The production order issued for…
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CHINA IN TRANS-PACIFIC PARTNERSHIP?
In response to the historic AUKUS security alliance between UK, the US andAustralia China has applied to join a key Asia-Pacific trade pact as it attempts tostrengthen its position in the region.Officially called the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) formally came into the picture in 2018 inked by 11countries in Santiago which…
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China might change the industrial working spaces by its under-process robot
TIANJIN, China: China is making huge robots to change the working patterns of industrial spaces. China is working on making a robot which will carry the bulky items on the construction sites. The robot’s Tianjin-based maker has received tax breaks and government-guaranteed loans to build products that modernise China’s vast factory sector and advance its…