Good news for the Chinese online giant Alibaba: The Amazon counterpart has maintained a stable sales level – despite analysts’ expectations. Revenues for the second quarter were the equivalent of just under €29.9 billion, similar to the previous year’s figure. The Wall Street-listed stock rose 5.1 percent in pre-market trading.For the first time in the […]
China aims to overtake the EU as Africa’s most important trading partner by 2030 and will further strengthen its trade with the continent, according to a study by the British Economist Intelligence Unit (EIU). Among other things, the People’s Republic is particularly interested in Africa’s mineral resources, which are considered a vital source of food […]
It’s a shame that dreams sometimes have to be so complicated! Xi Jinping’s vision of “common prosperity” is a noble goal, but unfortunately, the less-than-rosy reality stands in the way: Bank protests, meager growth figures, enraged real estate buyers, disappointed graduates slipping from college straight into record unemployment. The problems are piling up, as our […]
HSBC Qianhai Securities has apparently become the first foreign lender in China to appoint a Party committee. This was reported by the Financial Times, citing two sources familiar with the decision. According to the report, the bank did not initially comment on the matter. However, informed individuals reportedly said that the committee has been set […]
Rice with fish – a good combination. Not only on the plate: In Qingtian, Zhejiang Province, a farmer releases a fish into the flooded rice field. There, it can grow and eat pests along the way, while the rice plants provide it with cooling shade. And the land is used twice. In China, such co-cultures […]
Numerous Chinese homebuyers have stopped making their monthly mortgage payments in protest. Analysts at the US-based Jefferies Financial Group Inc. reported that 28 construction projects were affected on Monday, 58 on Tuesday and as many as 100 on Wednesday.The homebuyers are protesting against project developers’ failure to meet schedules, Caixin Global reports. According to the […]
Images evoke emotions far better than words can. It is simply easier to imagine something that our eyes can see. But what if there aren’t many pictures – like of the horrors in Xinjiang’s internment camps?Journalist Walter Hickey and illustrator Fahmida Azim have chosen an unusual way to tell the story of Uyghur Zumrat Dawut. […]