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Hui Ka Yan, Evergrande's chairman, is held in a Shenzhen detention center as the company nears completion of promised homes. The move follows regulatory actions and liquidation orders against the troubled property giant.
Global law firm Hogan Lovells announces closure of three international offices to focus on strategic markets. The decision affects approximately 123 staff members across the locations.
Chinese appliance giant Midea Group's $3. 9 billion share sale in Hong Kong, the city's largest in three years, attracts strong investor interest. The listing highlights Midea's global expansion amid domestic market challenges.
Zhongzhi Enterprise Group, a former leader in China's shadow banking sector, employed aggressive and potentially illegal sales tactics before its collapse. The company's downfall highlights the risks in China's $13 trillion shadow banking industry.
The U. S. House of Representatives has voted to prohibit new drones from Chinese manufacturer DJI. The bill, targeting the market leader, requires Senate approval and aims to address national security concerns.
China announces policy allowing wholly foreign-owned hospitals in nine regions, aiming to boost foreign investment and improve healthcare. The move includes gene and stem cell technology development in select free-trade zones.
Georgia Tech terminates research collaborations in Tianjin and Shenzhen following congressional scrutiny. Decision impacts semiconductor research and raises questions about academic partnerships with China.
Georgia Tech terminates collaboration with blacklisted Tianjin University in China due to national security concerns and pending legislation. The decision impacts current students and future global experiences.
Republican representatives urge Biden administration to address national security risks posed by Chinese-made agricultural drones. They request detailed information from government agencies by September 30.
China and Belarus have agreed to strengthen ties in trade, security, energy, and finance. The joint statement follows a meeting between the countries' prime ministers in Minsk, emphasizing enhanced cooperation in various areas.
On Deng Xiaoping's 120th birthday, Chinese economists urge for more ambitious reforms amid economic challenges. Censorship of critical comments highlights sensitivity around current economic policies.
Ping An Insurance sees 6. 8% profit increase in H1 2023, with 11% growth in new life and health insurance business. The company adapts to market volatility and economic uncertainties while its banking unit undergoes restructuring.
Two U. S. representatives call for investigation of TP-Link, citing potential national security risks from Chinese-made WiFi routers. Concerns stem from vulnerabilities and past exploits in TP-Link products.
China's biggest unmanned cargo aircraft completed its inaugural flight, marking a significant step in the country's low-altitude economy. The drone, with a 2-ton payload capacity, flew for 20 minutes in Sichuan province.
Chinese EV giant BYD plans Canadian market entry as tariff discussions loom. The company expands in North America while avoiding the U.S. due to recent tariff hikes.