Chinese state media claimed Tuesday that Chinese tech companies “spooked” by the Trump administration’s threats to “throw its weight around” are hurriedly making plans to bring their capital home.
Elon Musk’sTesla has reportedly expanded production at its Shanghai, China, plant. The company added production lines for the Long Range Model 3 car to the recently reopened factory.
Chinese state media on Monday was brimming with upbeat accounts of travelers crossing the country and flooding into tourist attractions to celebrate May Day, a major holiday for the Communist country.
The Chinese government is desperately trying to get some positive spin out of the coronavirus epidemic by ostentatiously saluting the medical personnel fighting (and in some cases dying) on the front lines of the epidemic.
“The outbreak will be short-lived, and it will not affect China’s competitiveness,” the state-run Global Times newspaper proclaimed Tuesday.
China is a critical hub for global supply chains, raising the prospect of a broader economic disruption.
The Communist Party of China appointed Ying Yong, the mayor of Shanghai, the new head of the Party in Hubei province on Thursday, as well as replacing the Party leader in Hubei’s capital, Wuhan, the epicenter of the ongoing coronavirus outbreak.
Zhang Wenhong, the leader of Shanghai’s effort to battle the Wuhan coronavirus, made some waves on Wednesday by suggesting Chinese Communist Party officials should be working on the frontlines against the disease, in keeping with their “oath to put the public welfare first.” On Thursday the state-run Global Times reported Zhang has indeed “replaced all frontline doctors with Party members and the decision is non-negotiable.”
American Airlines announced Wednesday that it will cancel several flights from Los Angeles to Shanghai and Beijing next month as the deadly coronavirus continues to spread throughout parts of the globe.
The German auto supplier Webasto has suspended all of its corporate travel to and from China due to the coronavirus outbreak, according to a spokesperson for the company.
China has halted cross-border listings between the London and Shanghai stock exchanges amidst growing tension between the communist regime and the United Kingdom over Hong Kong.
A new report claims that Elon Musk’s Tesla has agreed to take on a $1.4 billion loan from a group of Chinese banks to fund its new Shanghai manufacturing plant.
Tesla CEO Elon Musk commented that “China is the future” at the 2019 World Artificial Intelligence Conference in Shanghai on Thursday.
Elon Musk’s Tesla claims that an isolated battery fault caused a Model S vehicle to burst into flames in a Shanghai parking lot two months ago, causing widespread problems for Tesla in China.
Mainland Chinese censors scuttled the premiere of a lavish new historical epic called The Eight Hundred on Wednesday, apparently because they felt it glorified the Chinese Nationalist Party, which would go on to establish the Republic of China after the events depicted in the film.
Democracy activist Ji Xiaolong was sentenced to three and a half years in prison in Shanghai on Monday for “picking quarrels and stirring up trouble.”
Italian luxury apparel company Dolce & Gabbana posted a videotaped apology on Chinese social media on Friday apologizing for an ad many of their Chinese customers denounced as racist.
Chinese police arrested a man who murdered two schoolchildren in Shanghai as his revenge on society, state media reported on Thursday.
A group of Victoria’s Secret models are being ripped by fans after a video of the Angles singing a song with the N-word was uploaded online.
On Tuesday, former President Barack Obama embarked on a five-day trip to China, India, and France, where he will meet with Chinese leader Xi Jinping and Prime Minister of India Narendra Modi before speaking at the introductory session of the Les Napoleons Summit in Paris.
Pharrell Williams has issued the starkest celebrity warning yet on the perils of climate change by flying to China and burying his new record in a vault where it will remain hidden for 100 years.
Three freshman UCLA Bruins basketball players were reportedly arrested on Tuesday for allegedly shoplifting sunglasses from a Louis Vuitton store in Hangzhou while they were in China for the Pac-12 China Game.
Tesla’s recent announcement that it will be building a factory in China during the Communist Party’s once-every-five-years National Congress is a sign the company has become a partner with the world’s largest economy.
Chinese nationals are increasingly using fake visas to enter Canada from Shanghai and the Ethiopian capital of Addis Ababa, reports the Globe and Mail, citing a “confidential” alert issued by Canada’s border security agency.
The South China Morning Post begins its report on the crash of China’s education rankings in a rather anodyne fashion, but the buried lede is that China has been gaming the system for years by excluding the bulk of its population from previous studies.
The New York Times found a witty way to drop the bombshell revelation that some smartphones have secret “backdoor” programming that spies on users and sends their data to China for purposes unknown.
Moviegoers in China have taken to social media to complain of dizziness and nausea after viewing a special 3D presentation of action film Jason Bourne, released in the country this week.
“Blending a U.S. business with the beauty and rich cultural heritage of China, this resort captures the promise of our bilateral relationship,” Obama said in a letter to Walt Disney Chairman Bob Iger that was read aloud at the opening of the $5.5 billion Shanghai Disney resort.
Billionaire Zhou Chengjian, whose $4 billion clothing retail fortune makes him the 62nd-richest person in China, has mysteriously disappeared. He is only the latest in a line of Chinese business magnates to vanish, with the previous disappearance occurring only last month. It almost certainly is not the work of John Galt.
Contents: China leads a worldwide stock selloff; Oil volatility illustrates exogenous factors affecting Wall Street; China rescues the stock market every day at 2 pm; China arresting people who spread malicious rumors by telling the truth
The Chinese market crisis has been described as a loss of investor confidence prompted by Beijing’s search for innovative new ways to control China’s economy.
One of the big problems with allowing an authoritarian communist/crony-capitalist regime to become a world financial leader is that they lie about everything. China’s long-concealed economic woes finally became impossible to hide, and we got a worldwide market panic that sent the
Contents: Kazakhstan’s tenge currency crashes 23%, leading the global ‘currency wars’; Global stock markets plummet over currency devaluations
Contents: Massive explosion in Tianjin highlights China’s dismal industrial safety record; Greece’s island Kos moves to center of Europe’s migrant crisis
Contents: China shocks the world with sharp currency devaluation; Yuan devaluation a humiliating setback for ‘China dream’
Contents: Iran blamed for terrorist bombing in Bahrain; Puerto Rico expected to default on Saturday; China’s government to continue buying stocks to stabilize markets
Contents: Turkey’s warplanes bomb ISIS and PKK strongholds in Syria; Commodities and world trade plunge, signaling stock market decline; China’s stock market partially ‘recovers’ after destruction
Contents: Thousands die in sectarian herder-farmer clashes in Nigeria; Emotions running high over Eurogroup ultimatum to Greece; China cracks down on ‘peizi’ or ‘fund-matching’ stock market businesses
Contents: France-Germany split over 3-day ultimatum to Greece leads to flared tempers; Eurogroup imposes harsh demands on Greece to remain in eurozone; China police crack down ahead of another volatile week in stocks
Contents: Concerns are growing about China’s stock market crash; China’s stock market looks increasingly like America in 1929
