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China’s Social Credit System

China’s scorching heat wave dries up rivers and chokes supply chains China's Social Credit System

China’s scorching heat wave dries up rivers and chokes supply chains

Beijing has extended electricity restrictions to a number of factories, residential areas, and shopping centers to secure energy resources amid China’s strongest heat wave in six decades. Manufacturers such as Volkswagen, Toyota, and Foxconn have suspended operations in Sichuan, a southwestern province of 84 million people and a critical hub…
bubmag
August 23, 2022
Indiana governor in Taiwan following high-profile US visits China's Social Credit System

Indiana governor in Taiwan following high-profile US visits

TAIPEI, Taiwan (AP) — Indiana’s Republican governor met with Taiwan’s President Tsai Ing-wen Monday morning, following two recent high-profile visits by U.S. politicians that drew China’s ire and Chinese military drills that included firing missiles over the island. Gov. Eric Holcomb arrived Sunday evening in Taiwan for a four-day visit…
bubmag
August 22, 2022
China set to take ‘key step’ to boosting credit demand with rate cuts expected amid coronavirus, property slumps China's Social Credit System

China set to take ‘key step’ to boosting credit demand with rate cuts expected amid coronavirus, property slumps

China’s one-year loan prime rate (LPR) is expected to be cut by 10 basis points from 3.7 to 3.6 per cent on Monday, while the mortgage reference rate could be cut by as much as 15 points from its current level of 4.45 per cent...Read More
bubmag
August 19, 2022