Companies
Over 900 Ugandan villages connected to satellite TV
KAMPALA, Nov. 26 (Xinhua) — Over 900 villages in Uganda have been connected to the world via satellite television. They are part of a project that China promised at the 2015 Forum on China-Africa Cooperation in Johannesburg, South Africa, to connect 10,000 African villages to satellite TV. Zhang Lizhong, Chinese ambassador to Uganda, while speaking at the closure of the project in Uganda on Friday, said the project which started in 2018 in the country was implemented in two phases benefiting about one million people. Television sets, some solar powered, were installed in homes, public places and schools, according to StarTimes, which implemented the project. “Through satellite television, villagers have learned and mastered knowledge and skills in agriculture, science and technology, health and other sectors,” the ambassador said. Zhang said education and schooling will not stop with the help of these StarTimes TV programs. Schools in Uganda are currently closed due to the COVID-19 pandemic. Samuel Mpanga, village chief of Nkumba Bendegere, where the project closure was held, thanked China for the support. “I would like to appeal to all the headteachers of the schools and to all individuals who received the different items to take good care of these items to keep them so well so that they can serve for a longer period,” Mpanga said. Patrick Kabbale, head of Wagagai Health Center, one of the beneficiaries, said patients and caretakers are now able to follow up government programs, including the COVID-19 containment measures.
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…)