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China’s Foreign Policy: Inflexibility Rules

Credit: Frederic J. Brown/Associated PressAt the U.S.-China High-Level Strategic Dialogue held in Anchorage, Alaska in March, Chinese State Councillor Yang Jiechi fired this broadside: “The United States is not qualified to talk to China in a condescending manner and the Chinese people will not accept that.” This statement was well received in China and t-shirts…

China cultivates 2-meter-high ‘giant rice,’ ‘dream coming true’ moment for deceased ‘father of hybrid rice’

CHINA / SOCIETYChina cultivates 2-meter-high ‘giant rice,’ ‘dream coming true’ moment for deceased ‘father of hybrid rice’By Global Times Published: Aug 29, 2021 12:20 PMPhoto:XinhuaChina has successfully cultivated the “giant rice,” which has grown to over two meters — twice as tall as regular rice. Netizens called it a “dream coming true’’ moment for beloved “father of…

China’s anti-corruption watchdog slams entertainment industry

China’s anti-corruption watchdog has hit out at the country’s entertainment industry as Beijing tightens its grip on online celebrity culture and widens the scope of a crackdown on wealth and big business.A statement posted on the website of China’s Central Commission for Discipline Inspection this weekend cited a wave of “negative news” and singled out…

U.S.-Listed Chinese Stocks Have Lost Another $150 Billion In Market Value This Week As Beijing Targets ‘Excessive’ Wealth

Shares of Chinese tech giants trading in the United States struggled to pare losses Friday amid intensifying concerns over China’s efforts to impose sweeping new regulations on its publicly traded companies over the next several years, yielding market value losses of more than $150 billion for the 10 largest U.S.-listed Chinese stocks this week alone.…

Xi’s crackdown on wealth inequality has luxury investors scared

On Aug. 17, Chinese president Xi Jinping took aim at China’s ultra-rich during a meeting of the Chinese Communist Party’s Central Committee for Financial and Economic Affairs. He emphasized the need for “common prosperity” while promoting development, moving the committee to outline a plan to regulate and redistribute excessive wealth.As reports of the meeting emerged…