One of UBS’s top economists, Paul Donovan, recently sparked off a storm on Chinese social media after using the term “Chinese pigs” while talking about the swine fever situation. The Chinese saw it as an insult to the people of the country, something that Donovan never actually intended. And though it has sparked criticism of ...
Ex-Interpol Chief Meng Hongwei recently admitted in a court in Tianjin that he had taken over $2 million in bribes while holding government offices. With the admission of guilt, the final curtain has fallen on the career of a top Party member who was poised to occupy higher positions in the state apparatus. Meng’s downfall ...
Beijing has intensified its support of pro-China groups in Taiwan as it seeks to annex the island nation as soon as it can. However, the current protests in Hong Kong have only made Beijing’s job tougher since the Taiwanese have become more anti-China in their approach to the mainland. Taking over Taiwan To garner support ...
Fearing U.S. tariffs will significantly damage revenues, several exporters from China are moving production to Myanmar and other nations, especially Southeast Asian countries. Despite U.S. and China agreeing to a trade truce at the recent G20 meeting, the shift in production is expected to continue. Advantage Myanmar China’s Purchasing Managers’ Index (PMI) for June stood ...
A new plastic straw ban came into effect on July 1 in Taiwan as the country seeks to cut back on the plastic pollution plaguing the island. Taiwan uses around 3 billion plastic straws annually. With the new law, it is hoped that the number can be reduced by 100 million per year. The ban ...
The ex-deputy PM of Malaysia, Ahmad Zahid Hamidi, is currently embroiled in a series of corruption cases. In total, Zahid is facing 87 legal charges, which is the highest among all senior politicians from the former Barisan Nasional government. The corruption charges In the most recent case, Zahid was hit with 33 counts of receiving ...
Beijing’s increasing interference in Hong Kong is something that has been making businesses and the wealthy sections of the city concerned. With the ongoing mass protests against the government’s pro-China extradition amendment bill, capital outflows from the city have spiked. Capital outflows “We have seen a trend to offshoring assets in the last few years, ...
A comment by a top UBS economist who joked about a “Chinese pig” has caused a huge ruckus in the Asian country. Chinese people vented anger against the company on social media while state-run dailies used the opportunity to play the victim card. The ‘pig’ comment In a podcast that was discussing swine fever and ...
Beijing has continually denied that the Uyghur camps it runs in Xinjiang have anything to do with violating the human rights of religious minorities in China. However, a recent video report by the BBC shows the frightening conditions of such camps. Brainwashing camps In the video, the reporter is shown exploring a camp where the ...
Beijing is said to be considering a ban on Bitcoin mining in the country. If the ban comes into effect, it would end China’s dominance in the industry. According to estimates, more than 70 percent of global cryptocurrency mining happens in China. Banning Bitcoin mining China’s National Development and Reform Commission (NDRC) recently revealed the ...
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