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China’s Social Credit System

Country Garden just confirmed the ‘worst fears’ about China’s property market China's Social Credit System

Country Garden just confirmed the ‘worst fears’ about China’s property market

One of China’s largest developers is wobbling and has less than 30 days to avoid a default on its bonds, the latest signal of the government’s struggle to end the nation’s property slump as the economy slows. Country Garden Holdings Co., which had total liabilities of 1.4 trillion yuan ($194…
bubmag
August 12, 2023
Chinese engine is sputtering: What China’s stalling economy means for the world China's Social Credit System

Chinese engine is sputtering: What China’s stalling economy means for the world

For more than a quarter-century, China has been synonymous with relentless development and upward mobility. As its 1.4 billion people gained an appetite for the wares of the world - Hollywood movies, South Korean electronics, iron ore mined in Australia - the global economy was propelled by a seemingly inexhaustible…
bubmag
August 12, 2023
Joe Biden calls China a ‘ticking time bomb’. This is why China's Social Credit System

Joe Biden calls China a ‘ticking time bomb’. This is why

On Wednesday, Joe Biden signed an executive order that will prohibit some new US investment in China in sensitive technologies like computer chips. File Photo. US President Joe Biden on Thursday called China a “ticking time bomb” because of economic challenges including weak growth, but misquoted the country’s growth rate.…
bubmag
August 11, 2023
Tesla Wins Lawsuit Against “Tesla Beer” Trademark Infringement Case China's Social Credit System

Tesla Wins Lawsuit Against “Tesla Beer” Trademark Infringement Case

On August 10th, according to Tesla China, the judgment result of the trademark infringement case filed by Tesla against “Tesla Beer” was announced. The court recognized Tesla’s series of trademarks as well-known trademarks and ordered the defendant, Zhongyin Food Co., Ltd. (“Tesla Beer”), to immediately cease infringing on the exclusive…
bubmag
August 10, 2023
China to require all apps to share business details in new oversight push China's Social Credit System

China to require all apps to share business details in new oversight push

© Reuters. FILE PHOTO: The Chinese national flag is seen in Beijing, China April 29, 2020. REUTERS/Thomas Peter/File Photo By Josh Ye HONG KONG (Reuters) -China will require all mobile app providers in the country to file business details with the government, its information ministry said, marking Beijing's latest effort…
bubmag
August 10, 2023