After more than a decade of intensive research in China, a groundbreaking new ironmaking technology is poised to revolutionise the global steel manufacturing industry. The new method involves injecting finely ground iron ore powder into an extremely hot furnace, triggering an “explosive chemical reaction”, according to the engineers involved in the project. The result is…
A Chinese influencer, who claims to be a Harvard Business School graduate and cultivates a “wealthy persona”, has had her social media account banned after promoting health supplements as cancer-curing medicines. The fashion blogger, known by her alias Maiqila, boasts 143,000 followers on Xiaohongshu. The majority of her income comes from selling health-enhancing products, alongside…
The US announced on Monday it was adding six Chinese companies to an export blacklist for supporting the development of Iran’s weapons of mass destruction as well as the modernisation of China’s military. “We will continue to cut off entities that seek to evade our controls and act contrary to US national security,” said Thea…
A US-sanctioned Chinese company is upgrading its production line of superconducting quantum computers – the first in the country – after finding initial success with a self-developed chip, a move that state media said can elevate the nation’s ability to independently manufacture those cutting-edge machines. Origin Quantum – a research firm based in Hefei, capital…
A small business in China has been devastated by the potential loss of 30 million yuan (US$4.2 million) after an employee accidentally labelled some of its washing machines with the wrong prices, triggering a buying spree. Little Swan Dongshan Franchise Shop, which also has a brick-and-mortar outlet in Jixi county, Anhui province in southeast China,…