Companies
Photos paint a portrait of ‘beautiful Hangzhou’
A woman glances over her shoulder as she walks alongside a pond in Xixi Wetland Park, in Hangzhou, Zhejiang province. FREDERIC DUFOUR/ for CHINA DAILY
Competition invited photographers from G20 countries to capture scenes of city life
Barely one month away from the start of the G20 Leaders Summit in Hangzhou, East China’s Zhejiang province, final preparations are being made ahead of the main event.
As the city prepares for the eyes of the world to be upon it, many residents’ lives are continuing as normal. They jog on the banks of the West Lake, dance on the public greens and shop in the bustling markets.
Both the city and its occupants were captured by participants in the “Beautiful China, Beautiful Hangzhou” Langshi Cup Global Photography Competition held earlier this year. The competition winners were announced recently in Hangzhou and their works will be included in a photo album.
A part of the competition, in May an on-site photography event titled “A Trip to Beautiful Hangzhou” was held, inviting photographers from G20 countries to visit Hangzhou for three days and focus on the city and its people. Some of them are well-known photographers from major international news agencies.
They visited the city’s historic areas, its parks, temples and museums, as well as the local markets, small alleyways and remote neighborhoods, recording what they saw from different angles.
“We hope that these photos will display the charm of our city to the world,” said a local government official, who was one of the co-organizers of the event.
A pharmacist prepares an order at the Hu Qing Yu Tang Museum of Traditional Chinese Medicine.JACK SOLTYSIK/ for CHINA DAILY
A performance of a traditional opera is staged in the old village of Longmen. JACOB HASELKORN/for CHINA DAILY
In the ancient village of Longmen near Hangzhou, locals go about their daily lives. CHRIS MEEHAN/for CHINA DAILY
Students of a Hangzhou primary school…
China
Government subsidies don’t boost Chinese firms’ productivity
China’s industrial subsidies have caused considerable controversy both internationally and domestically. Trading partners have accused China of unfairly favouring its indigenous firms with subsidies, leaving foreign companies at a disadvantage in the race to lead the technologies of the future.
Governments around the world regularly spend an enormous amount of money subsidising businesses. But few spend like China. A 2022 report suggests that China spends 1.7–5 per cent of its GDP on industrial policies, more than most countries.
(more…)Companies
Chinese Smartphone Manufacturer Lays Off 3,000 Employees Following Closure of Chip Design Division
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
OPPO, a major Chinese smartphone maker, announced the closure of its chip design company ZEKU Technology (ZEKU).
(more…)Companies
Company Owned by Chinese Billionaire Guilty of Paying $1 Million in Bribes to LA Councilman
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
A Los Angeles real estate firm owned by a Chinese billionaire is guilty of paying more than $1 million in bribes to a Los Angeles city councilman as part of a scheme that involved luxury cruises, high-rolling trips to casinos, and prostitution.
(more…)- New Report from Dezan Shira & Associates: China Takes the Lead in Emerging Asia Manufacturing Index 2024
- Is journalist Vicky Xu preparing to return to China?
- Guide for Foreign Residents: Obtaining a Certificate of No Criminal Record in China
- China Unveils Plan to Upgrade Industrial Equipment
- China deepens engagement with new Indonesian president as top diplomat visits Jakarta
- New Publication: A Guide for Foreign Investors on Navigating China’s New Company Law
