Companies
Odion Ighalo elated by 'dream' Manchester United extension
Odion Ighalo said on Tuesday he was living the dream after his loan move to Manchester United was extended despite the coronavirus pandemic.The Nigeria international, a lifelong United fan, joined the club on loan from Shanghai Shenhua in January due to the Covid-19 situation then prevailing in China.But the virus then spread to Europe and brought the Premier League season to a halt in mid-March.It looked then as if the 30-year-old’s career with United might amount to just eight games given his original deal was due to expire on 31 May.But ahead of the Premier League season resuming on 17 June, United said Monday they had agreed with Shenhua to extend Ighalo’s loan move until January.”I’m really happy. It’s a dream for me to be here. I’m buzzing and ready to go,” Ighalo told .”The last few days have been difficult as there have been different talks about it but now I’m really happy, so I need to concentrate fully. I’m here until the end of January, so it’s good for me.”The most recent of Ighalo’s four goals for United came in a Europa League match away to LASK, a fixture played behind closed doors as a result of coronavirus measures in Austria.Fixtures without spectators will become the norm when the Premier League resumes and Ighalo, recalling his experience, said: “It was strange, you know, but it’s OK.”We know there is nothing we can do now but play behind closed doors and we’re happy to do it.”In the game against LASK, it was strange because you could hear everything when your team-mates shouted. In a normal game, you can’t hear, but it was clear and loud.”It’s a bit strange without fans, and difficult, but we have to be safe so we have to do it.”
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.
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- China Dismantles Prominent Uyghur Business Landmark in Xinjiang – Shia Waves
