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Tag: China

Written by Linda D. MohlerMarch 11, 2022

SEC-targeted Chinese companies slump; Yum China warns of 2024 delisting risk

Food & Cooking News Article

Shares of Chinese companies flagged for possible delisting in the U.S. slid in Hong Kong and Shanghai trading Friday, a move that analysts said highlighted geopolitical tensions but would have little immediate impact on the companies’ operations. In Hong Kong afternoon trading, fast-food-chain operator Yum China Holdings Inc. YUMC, -10.94% slumped 8.2%, on track for

Written by Linda D. MohlerJanuary 16, 2022

KFC blasted by China for ‘causing unnecessary food waste’

Food & Cooking News Article

The fast food chain came under fire Wednesday from Chinese state media and a national consumer watchdog overseen by the government. They take issue with the company’s new promotion, which allows customers to receive random selections of free, limited-edition toys with their meals. That has led to people rushing to buy too much food with

Written by Linda D. MohlerDecember 15, 2021

Starbucks Outlets in Eight China Cities Inspected for Food Safety | Investing News

Food & Cooking News Article

SHANGHAI (Reuters) -Market regulators in eight Chinese cities said they had carried out inspections of Starbucks shops after the U.S. coffee chain said it found food safety issues at two outlets in the eastern Chinese city of Wuxi. The checks followed a local newspaper report on Monday that the two outlets in Wuxi had used

Written by Linda D. MohlerNovember 23, 2021

China Backs Down in South China Sea After U.S., Philippines Warnings

Food & Cooking News Article

Chinese vessels have backed down from a Philippine-occupied atoll in the South China Sea after imposing a quasi-blockade that provoked strong warnings from Manila and Washington. Philippine Defense Secretary Delfin Lorenzana told reporters on Sunday that “the Chinese will not interfere per my conversation with the Chinese ambassador.” He was referring to Beijing’s envoy in

Written by Linda D. MohlerNovember 21, 2021

Livestreamer banned from buffet in China goes viral on Weibo

Food & Cooking News Article

A Chinese food influencer has been banned from attending an all-you-can-eat restaurant in China after he allegedly downed too much food. Eating too much: The food livestreamer, identified as Mr. Kang, was banned from the Handadi Seafood BBQ Buffet in Changsha, Hunan, for reportedly eating an excessive amount of the restaurant’s offerings. According to BBC

Written by Linda D. MohlerOctober 24, 2021

China says it must consider food and energy security when curbing emissions

Food & Cooking News Article

Birds fly over a closed steel factory where chimneys of another working factory are seen in the background, in Tangshan, Hebei province, China, February 27, 2016. REUTERS/Kim Kyung-Hoon/File Photo BEIJING, Oct 24 (Reuters) – China’s cabinet on Sunday outlined measures to achieve its goals of reaching peak carbon emissions by 2030 and carbon neutrality before

Written by Linda D. MohlerAugust 11, 2021

How Can Investors Navigate China Stocks After the Regulatory Crackdown? | Investing Advice

Food & Cooking News Article

China’s fast-paced economic growth is a boon to investors, but recent regulation on China stocks listed on U.S. exchanges may have some investors running for the exits. RELATED CONTENT In particular, there’s scrutiny on leading technology companies, which has affected investors via falling stock prices and botched initial public offerings. But savvy investors shouldn’t flee

Written by Linda D. MohlerJuly 30, 2021

US regulators step up scrutiny of IPO hopefuls from China

Food & Cooking News Article

NEW YORK (AP) — Chinese companies hoping to sell their shares in the United States must start making more disclosures about their potential risks before U.S. regulators will allow them to list their stock. The Securities and Exchange Commission announced the move Friday after Beijing said it would step up its supervision of Chinese companies

Written by Linda D. MohlerJuly 10, 2021

Crackdown on Didi and companies like it could cost China as much as $45 trillion by 2030

Food & Cooking News Article

A navigation map on the app of Chinese ride-hailing giant Didi is seen on a mobile phone in front of the app logo displayed in this illustration picture taken July 1, 2021. Florence Lo | Reuters This was a clarifying week for global investors — or for anyone concerned about authoritarian capitalism — of just

Written by Linda D. MohlerJune 6, 2021

China Port City Imposes COVID-19 Restrictions | Voice of America

Food & Cooking News Article

China’s Guangzhou city, a port city of more than 13 million people, on Saturday ordered more restrictions due to a rise in COVID-19 cases that began in late May. Of the 24 new cases of COVID-19 reported in China on Saturday, 11 were transmitted in Guangzhou province, where the city is located. Authorities had imposed

Written by Linda D. MohlerMay 11, 2021

China tech giant’s shares slide over ancient poem

Food & Cooking News Article

Wang Xing, Founder and CEO of Meituan.com. Shares in Chinese food delivery giant Meituan have fallen sharply after its boss reportedly shared a 1,000-year-old poem on social media. The Book Burning Pit by Zhang Jie was posted, then deleted, by the firm’s billionaire chief executive, Wang Xing. The Tang dynasty poem was interpreted as a

Written by Linda D. MohlerApril 11, 2021

Too Chinese for the US, too American for China. Where can Asian Americans like me call home?

Food & Cooking News Article

Last summer, a Chinese man approached me on a crowded Beijing street and asked me in Mandarin if I was Chinese American. It seemed innocent enough, as I was speaking English with expat friends. But after I nodded, he switched to English and bellowed “go back to where you f**king came from”. These stinging words

Written by Linda D. MohlerApril 5, 2021

China offers free food to spur citizens to get vaccinated

Food & Cooking News Article

In China, where the coronavirus outbreak has been largely contained since the middle of last year and where vaccine makers initially focused on exporting doses, the domestic rollout has been slow, with only about 4 percent of the population vaccinated, according to health officials. Ahead of the 2022 Beijing Winter Olympics and the politically important

Written by Linda D. MohlerApril 3, 2021

Crenshaw, Rubio slam Biden, MLB over Georgia boycott, ask if China will be next

Food & Cooking News Article

Republican Sen. Marco Rubio, R-Fla., and Rep. Dan Crenshaw, R-Texas, hit President Biden and Major League Baseball for the league’s decision to boycott Georgia over its election law — and asking if that hard stance will be extended to the Chinese Communist regime. MLB announced this week it would be relocating its All-Star Game and

Written by Linda D. MohlerMarch 10, 2021

‘Cherry freedom’ sweeps China despite coronavirus fears over imported food

Food & Cooking News Article

Chinese health experts went on TV to say cherries were safe to eat if you washed them (the U.S. Centers for Disease Control and Prevention says the risk from eating or handling food is “very low”), while Chile’s embassy said it hadn’t been confirmed that the tainted batch was from Chile. But it was too

Written by Linda D. MohlerFebruary 10, 2021

As WHO mission leaves Wuhan, China claims propaganda win on coronavirus origins

Food & Cooking News Article

As the WHO mission departs China this week, it has yielded scant new public information about the pandemic’s origins but plenty of ammunition for a Chinese government that has long argued that the source was probably not its markets — and certainly not its labs. Although one pronouncement from the joint Chinese-WHO team mirrored the

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