China’s most fashionable beverage startup sold mineral water at a deep discount because of a website error. Should customers who bought at low prices feel obligated to return the merchandise?
“There is something major afoot in China right now,” says Kaiser Kuo, but single-lens analysis that lacks empathy won’t cut it in providing insight into the complexity of the changes. What The China Project has called the Red New Deal could mark the start of a new phase in Chinese history, and it deserves to be taken seriously and seen from multiple perspectives.
According to new reports, China is going to build a military base in Tajikistan, and take control of another one. There is no official confirmation yet, but the move shows how much Beijing is worrying about instability from Afghanistan.
Beijing has cracked down hard on bitcoin and other cryptocurrencies, but China still has a thriving ecosystem of startups and entrepreneurs working on decentralized finance technology, or DeFi, based on the blockchain technology behind bitcoin.
The Chinese developer Modern Land said today that it had missed all payments on a $250 million bond, highlighting continuing strain in China’s property sector. At the same time, Evergrande appears to have averted multiple crises and the IMF says that risks are “contained,” for now.
China’s drive to get its schoolchildren in shape has met an obstacle: a gym teacher shortage. One official suggests tapping retired athletes and encouraging sports clubs to help.
For the fourth time this year, Chinese health authorities are taking swift measures to contain a small Delta-driven spike of COVID-19. With just over 100 days until the 2022 Winter Olympics in Beijing, the capital announced especially strict requirements for visitors to enter.
China’s new five-year pilot program for property taxes is thin on details — including where it will be introduced, who will have to pay, how high, and how often. But Beijing is hoping the long-dismissed continuation of trials last implemented in 2011 is a way to safely and smoothly deflate the real estate bubble.
Stand-up comedian Yang Li has enraged sensitive Chinese men with her jokes mocking them, and an online mob once forced Intel to “cancel” her. They’re angry again, and now luxury carmaker Mercedes-Benz is the target of their ire.