China has pledged to improve oversight of the country’s electric vehicle (EV) market to curb undercutting and boost the industry’s overall fortunes, where only three EV makers are currently profitable. Zheng Bei, deputy head of the National Development and Reform Commission (NDRC), mainland China’s economic planning agency, told the China EV 100 forum in Beijing…
A group of Chinese construction workers was hung from a gate by their harnesses at a building site as a training exercise after they forgot to wear safety gear at work. A video of the “training” that many onlookers saw as a punishment and public shaming had 7.5 million views online after a passer-by filmed…
A young boy in China and his parents are under investigation after the child threw firecrackers into a sewer, igniting methane and causing an explosion that damaged several luxury cars. Eight vehicles, including a Porsche, a BMW and an Audi, were damaged in the explosion, with the total loss reaching 285,000 yuan (US$39,000), according to…
Bill Smead warns a stock market bubble is set to unwind. Rising 10-year Treasury yields will eventually put pressure on growth stocks, Smead argues. Smead’s view contrasts with Wall Street’s optimistic S&P 500 predictions for 2025. The ongoing optimism around the mega-cap AI stocks driving the S&P 500 doesn’t make sense to Bill Smead. The…
The well-known Chinese supermarket chain Pang Dong Lai has sparked controversy with rules governing employees’ family and personal matters, such as banning them from beating their children or imposing domestic violence on their spouses. A heated discussion on mainland social media came after the retail giant’s boss Yu Donglai announced a series of new management…
A mainland woman who sneaked into a wedding banquet in Hong Kong, pretended to be a friend of the newlyweds and posted a video of herself enjoying the feast, has sparked online outrage. The woman, who goes by the name @kuailefeizhaidejiejie on social media, posted videos of her having a wedding feast in the city…