New Delhi, June 13 (IANS) China has tightened oversight of its 23 trillion yuan (over $3 trillion) private fund industry amid growing concerns over inefficient capital allocation, fiscal risks and excessive state-backed investments in technology startups, a report has said.According to an analysis by CNBC, the latest development comes after China’s State Council unveiled new guidelines to strengthen supervision of government investment funds, while local authorities reportedly sought details of …
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New Delhi, June 5 (IANS) China’s leadership is moving to tighten oversight of the country’s vast and rapidly expanding gig economy workforce, that has become both economically essential and politically sensitive for the ruling Communist Party, according to a report in the PML Daily.These people are working under harsh conditions. Many delivery riders and drivers work extremely long hours for unstable pay while lacking basic labour protections, social insurance or pension coverage.Analysts ci…
New Delhi, May 22 (IANS) Europe is among the most exposed to the China shock as it faces a price war, a massive surge of cheap Chinese goods imports and de-industrialisation, but they are not taking the necessary actions against these threats because of fears of retaliation and coercion from Beijing, according to an article published by the European Council on Foreign Relations (ECFR).The article laments that a comprehensive policy package to offset this imbalance with China — including import…
Geneva, Jan 1 (IANS) An explosion followed by a violent fire ravaged the ‘Le Constellation’ bar in Crans-Montana ski resort in Valais Canton of southwestern Switzerland on New Year’s Eve, causing numerous deaths and injuries, the local authorities said on Thursday. Reports cited that several dozen people are feared dead and around 100 injured due to the explosion and fire. Those injured in the blast and subsequent fire suffered serious injuries and were taken to hospitals in Sion, capital of Val…