crackdown – Charm – Daily News

Rubio says China cannot erase memories of Tiananmen Square crackdown

1 month ago04 mins

The 1989 crackdown saw the Chinese Communist Party deploy troops against peaceful demonstrators in Tiananmen Square. (Wiki pic) WASHINGTON: Beijing’s censorship cannot erase memories of its 1989 military assault on peaceful demonstrators in Tiananmen Square, US secretary of state Marco Rubio said on Wednesday, ahead of the anniversary of China’s violent suppression there. Rubio’s statement…

Hong Kong-listed Haichang Ocean Park’s boss detained in China amid shadow banking probe

7 months ago02 mins

Police in eastern China’s Zhejiang province have detained Yu Faxiang, the chairman of Hong Kong-listed Haichang Ocean Park, as authorities investigate alleged mismanagement following defaults on multibillion-yuan wealth products issued by a firm under his control. It is the latest crackdown on mainland China’s shadow banking system, continuing years of government efforts to clean up…