Companies
Murray set for Zhuhai, China Open
Murray set for Zhuhai, China Open News2411 Aug 2019, 23:43 GMT+10 London – Andy Murray has entered next month’s Zhuhai Championships and China Open as the former world number one steps up his singles return.Murray will compete in his first singles event at next week’s Cincinnati Masters, seven months after his tearful revelation in Australia that his career could be over due to injury.The two-time Wimbledon winner, back from hip surgery, is already planning further events on the Asian swing of the ATP Tour.”As I look to play more singles events later in the year, I’m happy to announce I’ll be playing at the inaugural Zhuhai Championships in the week of Sept 23,” Murray wrote on Facebook.”I have always enjoyed playing in China and Zhuhai is meant to be a great city. It’s close to Macau and Hong Kong, with an impressive stadium and I can’t wait to experience it.”Murray, 32, followed up his first Facebook post with another announcing his intention to take part in the China Open.”Some more good news for my Chinese fans… I’m also going to play Beijing the week after Zhuhai,” he said.”I’ve got some great memories from playing in Beijing, it’s a really interesting city, and I’m looking forward to heading back there again!”Murray underwent hip resurfacing surgery at the end of January and began his comeback in June by playing doubles at Queen’s Club before playing men’s and mixed doubles at Wimbledon.Playing in Cincinnati could well be a precursor to Murray making his grand slam singles return at the US Open starting on August 26, although he may be wary of competing over best-of-five sets.
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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