Shortly after the pre-order sale of iPhone 14 began in China, a Chinese economics blogger posted six articles in nine days in which he exalted Huawei and belittled Apple products, which sparked an outcry from Chinese netizens. The iPhone 14 series became available for pre-order in China at 8 p.m. local time on Sept. 9,…
Chinese Celebrity Blogger Trades Barbs With Netizens Over His Apple-Huawei Comparisons
China’s Real Estate Boom Slows, Igniting Fears of a Debt Crisis and Recession
China’s local government revenues and overall economy are dependent on the strength of the housing and commercial real estate sectors. Their combined revenues account for 25 percent of China’s GDP. Efforts to stimulate these sectors over the past decade were successful in attracting foreign investors and fueling the growth of developers. But recent data shows…
Chinese Economist Banned From Social Media for His Birth Boosting Suggestions
A renowned Chinese economist has been banned from posting on his Twitter-like Weibo and WeChat accounts since Jan. 12, days after publishing his birth rate boosting suggestions. Ren Zeping, a former member of China’s economic think tank and once chief economist of deeply indebted property giant Evergrande, suggested that the Chinese government print 2 trillion…
Insurance Scam Busted in Shanghai
August 18, 2021
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Business & EconomyChinaChina Banking and Insurance Regulatory Commissioninsurance scamRen ZepingShanghaiSoochow Securities Co.
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The Shanghai Public Security Bureau has busted an insurance scam that had made over 60 million yuan (about $9.3 million) in illegal profits. The case has revealed weak internal controls over insurance companies and a lack of consumers’ privacy protections, said the bureau at a press conference on Aug. 12. The bureau said the scammers…
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