Home » Business » [Must to watch over the wall] CCP eyes “escape resignation” wave; Northeast China heat drives AC demand; Chinese auto industry struggles; Football team loses; Tariffs impact retailers; Deflation worsens; Falun Gong practitioners share stories; Lawyers’ pe

[Must to watch over the wall] CCP eyes “escape resignation” wave; Northeast China heat drives AC demand; Chinese auto industry struggles; Football team loses; Tariffs impact retailers; Deflation worsens; Falun Gong practitioners share stories; Lawyers’ pe

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Sports Upset: In a men’s doubles semi-final at a US grand Slam table tennis event, the Chinese pair Wang Chuqin/Liang Jingkun lost 0-3 to the French duo Alex Lebrun/Felix Lebrun, resulting in the Chinese men’s doubles team being eliminated from the competition.
Tesla Lawsuit: A Shanghai court ruled that a woman who protested on a Tesla at the Shanghai Auto Show in 2021 must apologize and pay Tesla 170,000 yuan for infringing on its reputation. The person who planned the incident was ordered to pay 250,000 yuan. The incident reportedly caused Tesla over 170 million yuan in lost orders. Hong Kong Business Trend: A report notes a shift in Hong Kong’s Tsim Sha Tsui district, where a traditional noodle restaurant was empty while a newly opened, more fashionable mainland chain restaurant next door was busy, suggesting a trend of domestic companies moving into older Hong Kong establishments.
Wang Yi‘s Statement: Chinese Foreign Minister Wang Yi reportedly stated that China does not want to see Russia fail in Ukraine because it would allow the United States to focus all its attention on China.
China’s 5G Investment: Despite a notable investment in 5G infrastructure, China is now looking to develop satellite internet. Experts suggest that chip restrictions and market demand are hindering 5G advancement, and even satellite interaction faces similar challenges due to sanctions.
South China Sea: The commander of the US Pacific Fleet stated that China’s “bullying strategy” in the South China Sea has failed to intimidate neighboring countries into abandoning their sovereignty claims, and the US and its allies are increasing deterrence against China’s actions.

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