Tag: China

NEWS

Huawei’s Ms. Meng Is Back Home After A Three Year Home Detention In Canada

Huawei’s top executive Meng Wanzhou is now free after being detained in Canada for nearly three years. This comes in the light of what seems to be a prisoners’ swap between Canada and China. Following Ms. Meng’s release, two Canadians Michael Spavor and Michael Kovrig charged for espionage and detained in China were also set free. It is believed that […]

BUSINESS

Children In China Get Time Limit On Douyin

In China, children will only be allowed to be on the TikTok workalike Douyin for 40 minutes a day. The rules will affect children under 14, who have been authenticated using their real names, and who will be able to access it between 06:00 and 22:00. This move comes against the backdrop of the Chinese government’s attempt to crack down […]

BUSINESS

China’s Economy Shows Sign Of Slowing Down

Following the sharp rebound from the coronavirus pandemic by the Chinese economy it has now slowed, according to press reports. Gross domestic product (GDP) increased by 7.9% in the second quarter of 2021 compared to the same time last year. However, this was a reduction in quarter over quarter and missed economists’ forecasts of 8.1% growth. In April, official figures […]

NEWS

China Tells NATO To Back Off

According to a press report, China has accused NATO of slandering its peaceful development after alliance leaders warned about “systemic challenges” coming from Beijing. China’s actions, including expanding its nuclear arsenal, threatened “rules-based international order,” NATO said. China took center stage for the first time at a NATO summit. For its part, China said its defense policy was “defensive in […]

NEWS

NATO Allies Raise Threats Concerns

The North Atlantic Treaty Organization (NATO) leaders at their summit have warned of “challenges” presented by China’s growing reach and military strength around the globe. The group also addressed Russian actions in the region, climate change, and cybersecurity in its final summit communique. In a press interview, NATO’s Secretary-General Jens Stoltenberg said, “What we have seen is that during the […]

NEWS

Dr. Anthony Fauci “Not Convinced” COVID-19 Developed Naturally

Anthony Fauci, the National Institute of Allergy and Infectious Diseases director and President Biden’s chief medical adviser, has expressed doubt about the origin of the coronavirus disease and supports the call for further investigation. When pressed on the matter recently by a reporter, Fauci opines that he is “not convinced” it developed naturally. “I am not convinced about that. I […]

NEWS

FDA Warns Against The Use Of Chinese-made Syringes

The Food and Drug Administration (FDA) on Thursday advised health care providers against using certain syringes and needles manufactured by the China-based medical device company Guangdong Haiou Medical Apparatus Co., citing patient safety concerns. According to Reuters, the FDA received information about functional issues including incidents of needles breaking off and getting stuck in patients’ arms as well as accidental […]

BUSINESS

China’s Economy Sees Record Growth

China’s economy has shown growth rate of 18.3% in the first quarter of 2021 compared to the same quarter last year. It’s the biggest jump in gross domestic product since China started keeping quarterly records in 1992. However, the figures are below expectations, with a Reuters poll of economists predicting a 19% growth. Reports also suggest the figures are heavily […]

BUSINESS

Beijing Is Now The Capital Of Billionaires

Beijing is now said to be not only the Chinese capital but also the capital of billionaires in the world. The Forbes Magazines in its latest report on the rich noted that the Chinese city added 33 billionaires last year and now hosts a total of 100. This narrowly beats the city that never sleeps — New York City, by […]

BUSINESS

China Targets Six Percent Economic Growth

China is aiming for an economic growth rate above six percent in 2021, after scrapping its target last year. China’s Premier announced its latest target at the opening of this year’s National People’s Congress. The target marks a return to strong growth after the COVID-19 pandemic impacted the world’s second largest economy. Although China’s economy grew last year, it only […]