Categories
Insane World

China bans popular cartoons and other TV shows produced for children

China banned comics, cartoons and other TV shows primarily produced for children that contain any mention of violence, blood or vulgarity. TV channels must “resolutely resist bad plots,” and instead only broadcast “excellent cartoons with healthy content and promote truth, goodness and beauty,” said the authority in a statement on its website. “Children and adolescents […]

Categories
World

North-east China experiences power cuts as electricity shortage spreads from factories to homes

Residents in north-east China are experiencing unannounced power cuts, as an electricity shortage which initially hit factories spreads to homes. People living in Liaoning, Jilin and Heilongjiang provinces have complained on social media about the lack of heating, and lifts and traffic lights not working. Local media said the cause was a rise in coal […]

Categories
World

‘Prisoner Swap’: China releases two Canadians after Canada frees Huawei executive post deal with US

Tensions between Canada and China seem to be ending, after the release of two Canadians held in China and a Chinese tech executive in Canada. Huawei executive Meng Wanzhou, arrested on a US warrant in 2018, left Canada on Friday in a deal with US prosecutors. Hours later it was announced that Michael Spavor and […]

Categories
World

China ‘bullies’ Taiwan by sending 24 warplanes into air defense zone

Taiwan accused China of  ‘bullying’ after Beijing sent 24 warplanes into its air defense identification zone (ADIZ), the third-largest incursion in the past two years of heightened tensions. PLA aircrafts, bombers, fighter jets, anti-submarines and early warning control planes entered Taiwan’s ADIZ in two groups – 19 planes and a second fleet of 5 jets. […]

Categories
Business World

China’s central bank declares all crypto-currencies illegal, effectively banning Bitcoin, Ether and all other digital tokens

China’s central bank announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. “Virtual currency-related business activities are illegal financial activities,” the People’s Bank of China said, warning it “seriously endangers the safety of people’s assets”. China is one of the world’s largest crypto-currency markets. Fluctuations there often impact the […]

Categories
Social Media Reactions

‘Welcome To Hell’: Chinese fashion brand recalls controversial kid’s clothing with offensive print

A popular Chinese fashion brand apologised for designing a shirt for children with phrases such as ‘welcome to hell’ on it. JNBY has pulled the item after a mother’s online complaint went viral. She says her family bought it for her four-year-old son without understanding the meaning. This is not the first time that JNBY has […]

Categories
Business World

Evergrande: Shares of troubled Chinese real-estate giant surges after deal with bond holders

The stocks of Chinese troubled real-estate giant Evergrande jumped on Thursday after it struck an agreement with Chinese bond holders on Wednesday. The announcement helped to calm some investor concerns over debts of more than $300 billion. But the world’s most indebted developer is also due to make a $83.5 million interest payment on an […]

Categories
World

Taiwan applies to join Asia-Pacific trade pact days after China submitted its application

Taiwan applied to join a key Asia-Pacific pact just days after China submitted its application. The states have a complicated relationship. Taiwan considers itself as an independent nation, but China regards it as a breakaway province. On Thursday, Taiwan’s chief trade negotiator John Deng told reporters that if China joined the Comprehensive and Progressive Agreement for […]

Categories
Tech World

Lithuania asks citizens to throw away Chinese phones, avoid buying new ones amid security flaws and censorship

Lithuania has asked it’s citizens to throw away their Chinese phones and avoid buying new ones. A report by its National Cyber Security Centre tested 5G mobiles from Chinese manufacturers. It claimed that one Xiaomi phone had built-in censorship tools while another Huawei model had security flaws. Huawei said no user data is sent externally […]

Categories
World

‘China will not build new coal-fired power projects abroad’: President Xi Jinping pledges at UNGA

China will not build new coal-fire projects abroad, a move that could be pivotal in tackling global emissions. President Xi Jinping made the announcement in his address at the United Nations General Assembly. China has been funding coal projects in countries like Indonesia and Vietnam under a massive infrastructure project known as the Belt and […]

Categories
Business World

Evergrande: Chinese real estate giant strikes deal over bond interest payment

Chinese real estate giant Evergrande has said it has struck a deal over a bond interest payment which is due on Thursday. The amount due for the domestic bond is estimated to be nearly $36 million. The announcement will offer some relief to investors concerned over the company’s debt crisis. However, the world’s most indebted developer […]

Categories
Business

Concern over Chinese property group Evergrande jitters global stock markets

Asian stocks showed mixed reaction as concerns persisted over Chinese property group Evergrande and its impact on the global markets. Japan’s Nikkei 225 index closed 2.2% lower, but Hong Kong’s Hang Seng index regained earlier losses to end up 0.5%. Evergrande, a major Chinese property developer is struggling to meet interest payments on more than $300 billion […]