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business

British Steel ‘Expropriated,’ EU Tightens Restrictions as China-Europe Trade Frictions Rise

As Britain nationalizes Chinese-owned British Steel under the Steel Industry (Nationalization) Act and the EU rolls out a wave of trade remedy measures, economic and trade frictions between China and Europe are on the rise — driven more by politics and ‘securitization’ than by economics, analysts say.

Jul 22, 08:47 AM · 4 reads

business

Investigation: Ancestral Hall Built for 7 Million Yuan Rots and Is Ruled a "Severely Damaged Building"; Three Arrested

The Zeng Grand Ancestral Hall in Nanxiong, Guangdong cost over 7 million yuan to build, but its timber cracked and rotted within a year and it was ruled a "severely damaged building." An investigation found cheaper recycled ironwood was substituted for merbau; three people have been arrested on suspicion of occupationa

Jul 22, 02:46 AM · 3 reads