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Chinese woman swam across Amur river to get a job in Russia

The Prosecutor's Office of the Amur Region reported an unusual incident - a resident of China jumped from a motor ship and swam to the Russian side - all for the sake of getting a job. The incident was reported this summer. It was reported that a 23-year-old resident of China waited for the moment when the ship from Heihe was closer to ...

CHINESE ELECTRIC VEHICLES STARTUP BYTON IS AT RISK OF BANKRUPTCY

... (at a price of $ 133 million), thereby received the necessary license for the production of vehicles. The M-Byte model did not debut in 2019. The company itself underwent personnel changes, and at the end of the year, the COVID-19 pandemic began in China. Already in 2020, the company sent employees (about 1.5 thousand people) on unpaid leave, and the activities of the enterprise were actually stopped. The plans to fill the market with electric cars by 2022, apparently, are not destined to come true....

The owner of two skyscrapers in the United States files for bankruptcy

... buildings. In 2018, the firm acquired a $ 148 million stake. We should remind our readers that the Chinese holding company HNA Group has already tried to put both skyscrapers up for sale in 2018. Rising debt and political pressure from the company in China is forcing it to divest its assets in the United States. The day before, a court in the Celestial Empire approved a corporate restructuring of the holding, which allowed its creditors to continue selling assets. The South China Morning Post notes ...

Alibaba stops sales of crypto mining equipment

... will also be limited. Restrictions will affect all materials and equipment provided for mining bitcoins, ether, lightcoins and other cryptocurrencies. The company's decision is related to the government's policy aimed at banning digital currencies in China. The Chinese authorities believe that cryptocurrencies lead to financial risks in the economy. A week earlier, the Central Bank of China stated that trading in the market of cryptocurrency, issuing tokens and derivatives would be strictly prohibited....

Chinese energy companies concerned about bankruptcy due to rising coal prices

The energy industry in China has become hostage to the unprecedented decisions of the country's leadership, which has decided to sell part of the oil from its strategic reserves. In terms of imports of hydrocarbons, the Celestial Empire is ahead of all countries in the world,...

Collapse of Chinese Evergrande Group threatens the world with economic disaster

The drop of securities of one of the most famous holdings of China may trigger the bankruptcy of China Evergrande Group. If this happens, the world markets may face a series of financial disasters. The holding, recognized in 2016 as the world's largest developer, can trigger a catastrophic development of events ...

CHINESE ZOTYE AUTO IS ON THE WAY TO BANKRUPTCY

... working with Chery by July 2020, but eventually went bankrupt. The plans for joint work of the Chinese company with the Ford concern on the production of electric vehicles, announced by Donald Trump in 2017 (when the President of the United States visited China), have not been implemented as well. The company’s main investor, Tech-New Group, went bankrupt last year. Aware of the lack of sales data for Zotye for the first half of 2021 in China, many experts decided that the firm was dead. However, after ...

AMAZON AND GOPRO FILED JOINT LAWSUITS AGAINST CHINESE COUNTERFEIT SELLERS

... notice these differences. For a deeper analysis, the company sent samples of the counterfeit to GoPro. Amazon noted that it has already blocked the profiles of counterfeit sellers. A similar criminal case has been opened against the same sellers in China. Last year, Amazon created a dedicated department to fight counterfeit products on the platform. This is the first lawsuit that the company has filed on the basis of the formed branch, but Amazon has previously sued unscrupulous sellers. Customers ...

KAZAKHSTAN HAS BECOME ONE OF THREE BITCOIN MINING LEADERS

And the share of China's mining fell by almost 50%. This is due to the transition of the majority of earners to another state, anticipating the coming onslaught on the industry. Now about 46% of bitcoins in the world ranking are mined in China, although two years ago ...

CHINESE CHIP MAKER TSINGHUA UNIGROUP IS ON THE VERGE OF BANKRUPTCY

..., which owns the company through a subsidiary of Tsinghua Holdings, and a private investor, Beijing Jiankun. The company is known to own several high-tech enterprises for the production of solid-state memory chips (produced by the only YMTC plant in China) and SoC chips used in modern smartphones (manufactured by Unisoc). According to a number of specialized media, last summer, the consortium had liquidity in the amount of $ 8 billion, while having debt obligations in the amount of $ 31 billion. ...

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