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THE FAMILY OF THE OLYMPIC CHAMPION FROM CHINA REFUSED THE PRIZE OF 3 BILLION RUBLES

14-year-old Quan Hongchan won gold medal at the Tokyo Olympics in diving from a 10-meter platform. In China, her family was offered a large cash prize and numerous gifts, but they rejected all the offers. After her triumph at the Olympics, Quan stated that she did it all for money - her mother needed help since she had been seriously injured in accident ...

DODO PIZZA CHAIN CLOSES RESTAURANTS IN CHINA

The management of Dodo Pizza chain has made a decision to close restaurants in China. The representatives of the company explained this by the fact that the Chinese market does not fit with a long-term development strategy. The changes were announced by the founder of Dodo Pizza Fedor Ovchinnikov on his Facebook. The decision ...

SERGEI LAVROV WEARS A “FCKNG QRNTN” FACE MASK DURING HIS VISIT TO CHINA

Russian Foreign Minister Sergei Lavrov amused the public by wearing a face mask that featured the words FCKNG QRNTN. Lavrov wore the mask during his working trip to China. It is known that the day before the trip, the funny mask was presented to Lavrov by journalists. Later, the minister put it on to visit the Chinese district of Guilin - a video showing Sergei Lavrov wearing a mask appeared in the Tiktok of the ...

CHINA DECLARES COMPLETE ERADICATION OF EXTREME POVERTY

Chinese General Secretary Xi Jinping made a statement saying that China has overcome poverty. He noted that "the issue of poverty has been completely resolved." Xi Jinping announced this at the national wrap-up conference on poverty alleviation. The General Secretary of the Central Committee added that it ...

CHINA RECEIVED RUSSIAN MEAT WITH COVID-19 ON FOOD PACKAGING

... of COVID-19 may, among other things, indicate the strengthening of inspections in this area. The department has already announced a warning to Russian manufacturers about the importance of strengthening control over the packaging of goods exported to China.

A DISPUTE WITH A CHINESE INSURER CAN BE CONSIDERED IN THE RUSSIAN FEDERATION

... connection with which a statement of claim was filed. Three instances decided to return the statement of claim, indicating that there is a foreign element in this disputed legal relationship, since the permanent location of the defendant is located in China. Thus, in order to correctly determine the jurisdiction to resolve disputes, the place of performance of the contract must be clearly spelled out in the text of such a document. Within the framework of this dispute, the insurance policy did not ...

THE RICHEST ASIAN WOMAN YANG HUIYAN HAS BECOME IMPOVERISHED BY 52%

... become poorer by 52% over the past seven months. According to BBI (Bloomberg Billionaires Index), Yang Huiyan's fortune now stands at $11.3 billion (instead of $23.7 billion in 2021). The reason for this, analysts call the growing mortgage crisis in China. The burden of unaffordable loans, which turned out to be the largest Chinese developer Evergrande, led to a sharp drop in the pace of construction in China at the beginning of this year. Rusbankrot wrote about the threat of such a state of affairs ...

Borgward car brand has filed for bankruptcy

The bankruptcy process of Borgward Automobile began in China - the owner of company is the Chinese automaker Foton Motor. The company's appeal has already been submitted to the court of Beijing. The idea to apply to the court on April 8 was supported by the company's shareholders. It is assumed that the ...

Which countries agreed to pay for Russian gas in rubles?

... countries will need to open accounts in a Russian credit institution, which will exchange foreign currency for rubles through the Moscow Exchange. It is known that the readiness to switch to payment in rubles was announced by the Chinese Foreign Ministry. China is not included in the list of "unfriendly" countries, therefore, yuan is also considered as an alternative currency for trade with China. The Prime Minister of Slovakia announced the possibility of paying for gas in rubles. According ...

Fugitive Chinese billionaire files for bankruptcy in USA

... strategist of Donald Trump. Curiously, neither Steve Bannon himself nor Guo Wengui, who is known for his controversial political views, has been accused by the SEC of any violations. Earlier, Wengui fled to the United States, asking for political asylum. For China, where the fight against bribery and corruption is officially considered a top national priority, he is one of the most dangerous state criminals. In particular, the former deputy head of the Ministry of State Security, Ma Jiang, received a life ...

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