Economy Archives - Page 186 of 315

Global minimum corporate tax won’t affect FDI into China: ex-commerce official

G20 financial leaders reached an agreement on a "more stable and fairer international tax architecture" with a plan including a global minimum tax rate of 15 percent, sparking concern that…

Danfe TV July 11, 2021

Economy

China’s EV battery sector sees over 30% supply shortfall despite higher output

Chinese electric vehicle (EV) battery suppliers can't keep up with record foreign and domestic demand, and the shortfall may reach a record 30-40 percent this year, despite efforts to increase…

Danfe TV July 11, 2021

Economy

China tightens scrutiny on overseas listings amid data localization trend

China has tightened cybersecurity reviews for internet companies that seek IPOs in the overseas markets with a set of draft rules, including a new threshold that businesses holding data of…

Danfe TV July 11, 2021

Economy

China’s Bitcoin mining machine makers ramp up R&D on AI chips as supervision toughens

Some manufacturers of Bitcoin mining machines in China are now ramping up efforts to manufacture AI chips amid an intensified nationwide crackdown against cryptocurrency mining-related businesses. Canaan, a major Chinese…

Danfe TV July 11, 2021

Economy

Guangdong strengthens data regulation as the nation clamps down on sprawling internet sector

South China's Guangdong Province announced on Sunday that it will ramp up efforts on data regulation by exploring the establishment of a "Data Customs" to review cross-border data flow and…

Danfe TV July 11, 2021

Economy

Airbus welcomes 100th mid-fuselage for A220 from Liaoning supplier

European airplane manufacturer Airbus received the 100th mid-fuselage for its A220 aircraft from a key supplier in Northeast China's Liaoning Province on Friday, showing that China is playing a growing…

Danfe TV July 10, 2021

Economy

ByteDance becomes latest Chinese internet firm to ease overtime rules for employees

ByteDance, TikTok's parent firm, announced on Friday the revocation of its overtime practice that entitles its employees to fewer weekly rest days from August 1, becoming another major Chinese internet…

Danfe TV July 10, 2021

Economy

US adds 14 Chinese companies to entity list in effort to ‘play havoc with Xinjiang economy, contain China’

The US added 14 Chinese firms to its Entity List on Friday, over the so-called "human rights abuses" in Northwest China's Xinjiang Uygur Autonomous Region. China's Foreign Ministry expressed strong…

Danfe TV July 10, 2021

Economy

Biotech company recruits excrement donors, offering $46 per time

A Chinese biotech company has drawn a lot of attention on social media due to its ad inviting people to donate their excrement in return for 300 yuan ($46.3) per…

Danfe TV July 10, 2021

Economy

Chinese regulator orders removal of 25 more Didi-related apps due to illegal personal info use

China’s cyberspace regulator on Friday ordered the removal of 25 Didi-related apps including Didi Enterprise Edition due to “serious violations in collection and use of personal information.” No platform shall…

Danfe TV July 10, 2021