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Chinese e-commerce giant Suning announced acquisition of Carrefour China operations for $698 mln

Suning announced on Friday it has completed the acquisition of Carrefour Group’s local operations. Carrefour agreed to sell an 80 percent stake in its China unit for 4.8 billion yuan ($698 million) in cash to the retail unit of Suning Holdings Group Ltd, according to a statement on June 23.Zhang...

Tesla’s $7 billion gigafactory in China to commence operations at the end of this year

Featured images: An aerial view of Tesla's factory in Shanghai in August. The factory is expected to start operations by the end of this year.  The new 50-billion-yuan gigafactory in Shanghai is expected to commence operations at the end of this year. According to the company, the main part of the...

China needs the strong, unified leadership of the Communist Party or the country will “crumble”, policy paper says

Chinese government said in a policy paper released on Friday ahead of the 70th anniversary of the founding of the People’s Republic that China needs the strong, unified leadership of the Communist Party or the country will “crumble”. “China is huge in size, has complex national conditions, and its governance...

Iraq will join China’s “Belt and Road” infrastructure investment project

Adel Abdel Mahdi, Iraq's prime minister, announced a meeting with Chinese President Xi Jinping during a state visit. "Iraq has gone through war and civil strife and is grateful to China for its valuable support," said Mahdi, in comments broadcast on Chinese state media outlet CCTV.Xi said that the two...

Chinese industrial espionage on the rise, the US Justice Department warns

“More cases are being opened that implicate trade secret theft” — and more of them point to China, said U.S. Deputy Assistant Attorney General Adam Hickey. Chinese theft of industrial secrets on the rise, US Department of JusticeAmid the US-China trade war, the US Department of Justice advised US companies...

Hong Kong: Arbitrary arrests, brutal beatings and torture in police detention revealed

A new Amnesty International field investigation has documented an alarming pattern of the Hong Kong Police Force deploying reckless and indiscriminate tactics, including while arresting people at protests, as well as exclusive evidence of torture and other ill-treatment in detention. After interviewing nearly two dozen arrested persons and gathering corroborating...

China releases 10,000 tons of pork from reserves to increase the supply of meat

On Thursday, Chinese authorities released another 10,000 tons of pork from its central reserves to increase the supply of pork on the market and ensure its supply for the upcoming national holiday festival. At the beginning of September, 2,400 tonnes of reserve beef and 1,900 tonnes of reserve sheep were...

Chinese Premier Li Keqiang said it is “very difficult” for China’s economy to grow at a rate of 6 percent

China’s gross domestic product (GDP) grew 6.3% in the first half of the year, and Li said the economy was “generally stable” in the first eight months of the year. "For China to maintain growth of 6% or more is very difficult against the current backdrop of a complicated international...

Interview with Jared Stone, one of the photojournalists in the video of Hong Kong police throwing tear gas grenade at press members

Jared Stone is an Australian photojournalist and fully trained emergency nurse from Melbourne. From August 30, he is in Hong Kong to document the Hong Kong protests.A few days ago he was a witness and protagonist of a police attack on members of the press. Official site | Instagram Related interviews: Oliver...

Hong Kong Governor Carrie Lam announces formal withdrawal of the extradition bill

After 13 weeks of protests, Hong Kong leader Carrie Lam announced formal withdrawal of the controversial extradition. Carrie Lam also announced that a platform will be created to investigate the causes of the social unrest that threw the city into chaos, while at the same time preventing this platform from...