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Won Bid for Nanjing Zhongshan Mountain Scenic Area Hotel Project, Invested Millions But Cannot Open; Landlord: Unable to Obtain Fire Safety Permit
On June 22, Mr. Li reported that the supporting hotel project at the North Square of Baima Park, which he won through a bidding on the official website of the Zhongshan Mountain Scenic Area Administration, has invested 6 million yuan but has been unable to open for business.
business
Bank of China Disguised 11 Private Equity Funds as Public Funds, Evaded 2.367 Billion Yuan in Taxes: Audit
China's National Audit Office revealed that Bank of China systematically evaded 2.367 billion yuan in taxes by disguising 11 private equity funds as public mutual funds through 'head-count padding' with employee contributions as low as 1 yuan.
business
Empty Buses: How Public Transit Navigates a Crossroads of an Era
Empty Buses: How Public Transit Navigates a Crossroads of an Era — Once the backbone of urban transportation, buses now often appear empty. A deep dive into China's bus transit crisis and transformation.
business
Bian Zhigang, Deputy Head of China's Defense S&T Bureau, Under Investigation for Corruption
Bian Zhigang, a member of the Party Leadership Group and Deputy Director of the State Administration of Science, Technology and Industry for National Defense, is under investigation for suspected serious violations of discipline and law, according to the CCDI.
business
Doubao Starts Charging: How AI Companies Are Monetizing
ByteDance's Doubao AI starts charging users, reflecting the industry's shift from burning cash to generating revenue through subscriptions, APIs, ads, and short dramas.
business
G7 Unity Crumbles as Trump's Confrontational Tactics Anger Allies
The G7's facade of unity has collapsed as Trump's confrontational approach toward world leaders deepens divisions.
business
Commentary: Reclaiming Original Names Is About Reclaiming One's True Self
A commentary on public figures reverting to original names, exploring identity and authenticity.
business
Nanjing Hotel Project Stranded After Millions Invested: Fire Permit Cannot Be Obtained
A multi-million yuan hotel project near Nanjing's Sun Yat-sen Mausoleum scenic area remains stalled as fire safety permits cannot be secured.