Guangdong province

How China’s smaller private firms may be paying the price for huge local government debts

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How China’s smaller private firms may be paying the price for huge local government debts

Private firms in China are in a “precarious” situation as debt-ridden local governments increasingly seek to boost earnings through harsh criminal law enforcement, lawyers and observers have warned. The latest such case, involving a businessman based in eastern Shandong province, has sparked fresh worries despite Beijing’s repeated pledges to foster a supportive legal environment for … Read more

What makes Shanwei in Guangdong ideal for a weekend break? Sunsets, seafood and more

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What makes Shanwei in Guangdong ideal for a weekend break? Sunsets, seafood and more

Drawn by its affordable food, shopping and entertainment, many Hong Kong residents choose to spend their weekends in the neighbouring city of Shenzhen in China. Some venture to Guangzhou, another nearby city that has its share of Cantonese cuisine, pristine malls and cultural destinations. But further east in Guangdong province is a little-known city that … Read more

Super Typhoon Yagi: rescuers on standby as Southern China braces for extreme winds

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Super Typhoon Yagi: rescuers on standby as Southern China braces for extreme winds

School classes have been suspended, parks closed, train and boat services put on hold and residents told to stay inside as Southern China braces for Super Typhoon Yagi. Yagi’s maximum sustained winds near the centre reached 68 metres per second, China’s official weather forecaster said on Friday morning. The typhoon is forecast to land somewhere … Read more

China reinforces central emergency response law as vast swathes battle downpours, drought

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China reinforces central emergency response law as vast swathes battle downpours, drought

The revision, passed by the Standing Committee of the National People’s Congress, China’s top legislative body, takes effect in November. Maximum penalties for anyone failing to fulfil their legal responsibilities during emergencies will increase fivefold under the revised law – from 200,000 yuan (US$27,520) to a million yuan to deter “particularly serious” situations, according to … Read more

China’s Guangdong unveils initiatives to boost AI industry

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China’s Guangdong unveils initiatives to boost AI industry

China has set a goal for its national computing performance to reach 300 exaflops by 2025. If these goals are achieved, Guangdong will account for roughly 13 per cent of China’s total computing power. “These measures were crafted to promote high-quality development in the province’s AI industry, to swiftly build new productive forces, to construct … Read more

China-founded online fast-fashion retailer Shein to file IPO in London: UK media reports

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China-founded online fast-fashion retailer Shein to file IPO in London: UK media reports

Fast-fashion retailer Shein, which thrives on a business model that sells budget made-in-China consumer goods overseas, is set to file an initial public offering (IPO) in London this week, according to UK media reports. Shein, founded by the publicity-shy Chinese entrepreneur Sky Xu Yangtian, will file a confidential prospectus for a listing on the London … Read more

Tencent’s DnF Mobile rises as new runaway hit for video gaming giant, surpassing Honour of Kings’ daily revenue on debut

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Tencent’s DnF Mobile rises as new runaway hit for video gaming giant, surpassing Honour of Kings’ daily revenue on debut

The mobile version of Dungeon & Fighter Online, the personal computer (PC) game developed by Nexon subsidiary Neople, on May 22 outstripped the daily revenue of those two high-performing Tencent games on the China App Store in just the second day of its domestic release, according to data from Chinese app analytics platform Qimai. DnF … Read more

China warns of floods as ‘dragon boat rain’ threatens to soak Pearl River region

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China warns of floods as ‘dragon boat rain’ threatens to soak Pearl River region

China has warned of flood risks near the Bei River, a southern tributary of the Pearl River, over the next 30 days as authorities prepare for emergencies and evacuation. Heavy showers, known as “dragon boat rain”, often hit southern China around the time of the Dragon Boat Festival, which typically falls in mid-June. But this … Read more

Rescuers in China’s Guangdong race to save residents from flooding after heavy rain pummels province

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Rescuers in China’s Guangdong race to save residents from flooding after heavy rain pummels province

Helicopters and rubber boats were deployed as rescuers raced against time to save residents from flooding in south China’s Guangdong province following heavy rainfall. In the city of Shaoguan in the north of the province, where large areas are flooded and landslides have been reported, rescuers were sent to relocate trapped residents and transport food … Read more

China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

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China’s Suzhou city plans supercharged cross-border e-commerce business after Shein and Temu success

The hi-tech manufacturing hub of Suzhou has unveiled a plan to double the city’s cross-border e-commerce annually for the next three years, as it looks to tap into the growing influence of Chinese platforms such as Shein and PPD Holdings’ Temu. The municipal government of the city in eastern Jiangsu province has issued a policy … Read more