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Economy

Home » Economy » Page 186
China’s EV battery sector sees over 30% supply shortfall despite higher output
Posted inEconomy

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…
Posted by Danfe TV July 11, 2021
Posted inEconomy

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…
Posted by Danfe TV July 11, 2021
Posted inEconomy

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…
Posted by Danfe TV July 11, 2021
Posted inEconomy

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…
Posted by Danfe TV July 11, 2021
Airbus welcomes 100th mid-fuselage for A220 from Liaoning supplier
Posted inEconomy

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…
Posted by Danfe TV July 10, 2021
Posted inEconomy

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…
Posted by Danfe TV July 10, 2021
US adds 14 Chinese companies to entity list in effort to ‘play havoc with Xinjiang economy, contain China’
Posted inEconomy

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…
Posted by Danfe TV July 10, 2021
Biotech company recruits excrement donors, offering $46 per time
Posted inEconomy

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…
Posted by Danfe TV July 10, 2021
Posted inEconomy

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…
Posted by Danfe TV July 10, 2021
Posted inEconomy

China reins in overseas IPOs, instituting stricter protection of users’ data

China's top cyberspace regulator on Saturday issued a sweeping set of draft rules for cybersecurity reviews over domestic internet companies that seek overseas listings. The new threshold dictates that businesses…
Posted by Danfe TV July 10, 2021

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