China

China asks banks to pause new loans to US-sanctioned refiners, Bloomberg News reports

TL;DR Chinese courts in Hangzhou and Beijing have ruled in two separate cases that companies cannot fire workers simply to replace them with AI, establishing that AI adoption is a strategic business choice rather than an unforeseeable change in circumstances under China’s Labour Contract Law. The rulings arrive as 78,000 tech workers have been laid

China industrial profits surge 15% to start year, but oil price shock threatens outlook

A Dubai police-led international crackdown on scam rings last week resulted in the arrest of 276 individuals and the shutdown of at least nine crypto scam centers, the US Department of Justice revealed on Wednesday.  In a joint operation with the FBI and China’s Ministry of Public Security, Dubai authorities arrested 275 people, with an

In 2025, the Company’s operating revenue maintained stable growth and profitability remained strong. Operating revenue for the year reached RMB100,411 million, an increase of 2.7% year-on-year. EBITDA reached RMB65,814 million, a decrease of 1.1% year-on-year, with an EBITDA margin[2] of 65.5%. Profit attributable to the owners of the Company reached RMB11,630 million, an increase of

It might be the quickest-ever fact check. A segment of Elex Michaelson’s The Story Is on CNN was censored last night just as the network’s correspondent in Beijing, Mike Valerio, began describing the topics that trigger the Middle Kingdom’s censors. “We’re being watched right now,” Valerio explained as part of the segment...

Racing-comedy “Pegasus 3” maintained its dominant lead at the China box office during the March 6–8 weekend, earning RMB168.9 million ($23.8 million) in its third full weekend of release, according to data from Artisan Gateway. Produced by PMF Pictures, the film has now reached a cumulative total of $578.7 million since its debut...

China Focus (Getty Images/iStockphoto) This edition explores the rising appeal of Chinese food brands, tighter transport rules for edible oils, alcohol and syrups, mental health trends, and more China’s appeal: Chinese food brands eye global growth via Singapore China food brands are tapping the surge in demand for Chinese products, partnering Scarlett Supermarket to gain