Companies
Baloch activists protest against Pak, CPEC in S Korea
Baloch activists protest against Pak, CPEC in S Korea ANI04 Aug 2019, 00:55 GMT+10 Seoul [South Korea], Aug 3 (ANI): Protesters from the Baloch National Movement took to the streets in Seoul to demonstrate against Pakistani “barbarism” and the “exploitative” China-Pakistan Economic Corridor (CPEC) projects in Balochistan. The protests were held in the South Korean capital on Friday. The agitators marched to the Pakistani and Chinese embassies, and the Amnesty office here to submit memorandums against the disappearance of thousands of Baloch people by Pakistan, according to BNM. “BNM activists march in streets of Seoul to reach Pakistani and Chinese embassies and @amnesty S. Korean office to submit memorandums regarding the disappearance of 1000s of Baloch by Pakistan. After CPEC agreement China has joined hands to Pakistan in BalochGenocide,” BNM tweeted. The protesters chanted slogans in Korean language, highlighting the atrocities they are currently facing at the hands of Pakistan in Balochistan. “BNM protestors chanting slogans in the Korean language against China and Pakistan and in favour of an independent Balochistan in South Korean capital Seoul, today…BNM activists marching in streets of Seoul and chanting slogans against Pakistani atrocities in Balochistan,” they stated. “President of BNM South Korea, Naseer Baloch – @nbalochistani1 and General Secretary Yaseen Baloch submit a memorandum to Amnestyinternational officials regarding the disappearance of RashidHussain and 1000s of other Baloch by Pakistani forces in Balochistan. BNM protest in front of Pakistani and Chinese embassies in South Korean capital Seoul against Pakistani barbarism and exploitive CPEC projects in Balochistan,” they further tweeted. (ANI)
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.
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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).
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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.
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