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Almost 90% of young Chinese worried over retirement

According to a recent survey published by the China Youth Daily, 89.3% of the 1876 young people interviewed showed concern over retirement issues, either their own or their parents. Young Chinese born between 1985 and 1989 are more concerned about their parents, while young people born in the 90s put...

China passed the foreign investment law

Foreign-invested enterprises will equally enjoy government policies supporting enterprise development, and be able to participate in standard-setting on an equal footing and in government procurement through fair competition, according to the law. The law will become effective on Jan. 1, 2020.With unified provisions for the entry, promotion, protection, and management...

Smartphone sales in China continue to decline

The smartphone industry in China has experienced its worst month in recent years. The data particularly show signs of bluntness for Apple in China.China's mobile phone shipments reached 14.51 million in February, according to official data released by the China Academy of Information and Communications Technology, a 20% decline compared...

Giant hornet with a wingspan of 9.35 cm found in China

A team of scientists from the Huaxi Insect Museum in Chengdu has discovered a giant hornet with a wingspan of 9.35 cm in the southwestern province of Yunnan. Zhao Li, the curator of the Museum of Insects of Western China in the province of Sichuan, stated that the colony of...

China unveils $298bn tax cuts to boost growth

Beijing has unveiled a $ 298 billion tax cuts plan to stimulate the Chinese economy, which is currently stagnating. Le Keqiang warned that the country will face a "tough struggle" while exposing plans to support the second economy largest in the world.During the opening of the annual session of the...

Internet in China: China has 829 mln netizens

China's Internet 2018. According to data released by China Internet Network Information Center (CNNIC), in December 2018 China had 829 million netizens. In December, the number of users using short videos reached 648 million, or 78.2% of the total.The increase was achieved thanks to the country's Internet availability rate, which...

In 2018 China lost 161 billionaires as its stock markets plunged

Chinese billionaires. The recent problems affecting the Chinese stock market have influenced the rankings of billionaires in the country. The number of billionaires in Greater China, which also includes Hong Kong and Taiwan, has fallen by 161 unit compared to the previous year, according to the Hurun Report, with a...

China’s Foreign NGO Management Law

Outlawing foreign “influence” In China, where the government views foreign organizations with suspicion, new legislation has been introduced to tightly control their activities. The Foreign NGO Management Law imposes increased restrictions on foreign and domestic NGOs in terms of registration, reporting, banking, hiring requirements and fundraising.The Law particularly targets foreign...

Tanzania has sentenced to 15 years Chinese ‘Ivory Queen’ Yang Fenglan

The court in Dar es Salaam has sentenced to 15 years Yang Fenglan, a Chinese businesswoman nicknamed the "ivory queen", for having smuggled hundreds of elephant tusks into China. Yang was accused of having managed one of the most important smuggling rings responsible for smuggling fangs $2.5m (£1.9m) worth of...

China unveils a plan to turn Hong Kong, Macau, and Guangzhou into a Silicon Valley rival

On Monday, China unveiled a new plan to strengthen the connections between Hong Kong and Macao with the cities of southern China to create the so-called Greater Bay Area, to rival the Californian Silicon Valley. The plan, published by the Xinhua news agency, explains how the government will try to...