China’s private cryptocurrency sector effectively quashed after Sichuan mining ban, bank trading blocks
China’s crackdown on cryptocurrency mining has now shut down more than 90% of the country’s bitcoin production capacity, after a ban on mining in hydropower-rich Sichuan was put in place over the weekend. Additionally, the central bank moved to close remaining loopholes that allowed “cryptocurrency speculation.”
Here’s what you need to know today:
- China’s Xinjiang policies debated again at UN Human Rights Council
- The people who work for TikTok are workaholics and they want more!
- Used electronics marketplace Aihuishou lists on NYSE
- Outcry over ‘chilling’ effect of Hong Kong media arrests for ‘foreign collusion’
- Tsinghua design school accused of internalized racism for accentuating Chinese models’ slanted eyes at runway show
Featured articles
Chicken parenting is China’s helicopter parenting on steroids
Helicopter parents of America may be intense, but their counterpart in China — known as "chicken parents," named after a traditional Chinese medicine remedy involving the injection of chicken blood — can be just as over-the-top.
All the drone companies in China — a guide to the 22 top players in the Chinese UAV industry
China makes most of the world’s non-military drones and most of those are made by one company: DJI. But SupChina has found a thriving industry of around 70,000 smaller players making drones, components, and software. Here are the most important players in an industry that is reshaping the 21st century.
Zhao Benshan and the fine line between entertainment, business, and politics in China
Zhao Benshan became a comedy legend through Spring Festival Gala skits in which he played rural characters who satirized contemporary society. But with money and fame came scrutiny — the political kind.
Rejuvenated China national soccer team onto next stage of World Cup qualifying
China's hopes of qualifying for Qatar 2022 are still alive.
Business & Technology Spotlight
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SupChina A.M. is a free, daily newsletter that recaps the biggest stories in China business and capital markets in 2 minutes or less.
A look inside Shein, the $45 billion retail enigma upending the global fashion industry
China’s “most mysterious billion-dollar company,” as one investor put it, has perfected the art of trend-setting through trial and error. But Shein’s tactics and tight lips are not without risk. Here’s what we know about the rising Chinese retail giant intent on taking down Zara.
Dispatch from Shenzhen: China’s booming drone industry
China dominates the global business of consumer and commercial drones, and the buzzing center of this new industry is Shenzhen. SupChina went to this year’s drone expo in the southern city, and this is what we found.
All the electric car companies in China — a guide to the 31 top players in the Chinese EV industry
Electric vehicles and smart systems to drive them are attracting enormous sums of capital and China’s best engineering talent. These are the companies that are fighting for one of the most lucrative markets in the world. Many of them will be global EV players.
Society & Culture Spotlight
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Subscribe to The China Vibe, our society and culture newsletter, to get a free weekly roundup of the most interesting stories from China.
Zhang Hong lost his vision at age 21. Then he climbed Mt. Everest
On May 24, Zhang Hong arrived at the summit of Mount Everest, becoming the first blind Chinese mountaineer to make the 8,849-meter climb.
‘The Ark’: Inside a Chinese hospital during COVID-19
Dan Wei's documentary, filmed during the pandemic, doesn't put the coronavirus front and center. Instead, it's an up-close look at Chinese healthcare, as experienced by an elderly patient and her family.
The anti-intellectual who tested into college as a ‘blank exam hero’
As China’s national college entrance examinations begin today, we look back to 1973, four years prior to the restoration of the gaokao, when one student became a national hero for a most unconventional answer.
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Featured Categories
Business & Technology
- China’s private cryptocurrency sector effectively quashed after Sichuan mining ban, bank trading blocks
- Used electronics marketplace Aihuishou lists on NYSE
- All the drone companies in China — a guide to the 22 top players in the Chinese UAV industry
Foreign Affairs
- China’s Xinjiang policies debated again at UN Human Rights Council
- The politicalization of COVID vaccines in Taiwan
- China accuses G7 of slander and ‘Cold War thinking’ as Biden emphasizes values