China ‘plans to ban’ US IPOs for data-heavy tech firms – business live | Business

[ad_1] China Securities Regulatory Commission officials said that companies with less sensitive data, such as those in the pharmaceutical industry, are still likely to receive Chinese regulatory approval for foreign listings, according to the people. The new rules are likely to help Beijing exert more control over the complex corporate structure that China’s biggest tech … Read more

China bans celebrity rankings in bid to ‘rectify chaos in the fan community’ | China

[ad_1] Chinese authorities have banned online lists ranking celebrities by popularity, as regulators continue a drive to “clean up” fame and fandom culture. According to regulations published in state media, all existing lists that rank Chinese stars must also be removed from the internet. Only lists that rank works such as songs, films and TV … Read more

Revisited: the danger – and beauty – of ultrarunning | News

[ad_1] This week we are revisiting some of our favourite episodes from the year so far. This episode was first broadcast on 8 June. To most people, the horror of 21 lives being lost during a race across 100km in a Chinese mountain range will have been amplified by how obscure the sport seems to … Read more

The party’s over: China clamps down on its tech billionaires | Chinese economy

[ad_1] In a Politburo group study session on 23 November 2015, China’s president, Xi Jinping, recommended the book Capital in the Twenty-First Century by the French economist Thomas Piketty. “The rich data he used demonstrated that … unrestrained capitalism accelerates wealth inequality … [His] conclusion is worth us pondering on.” Back then, Piketty’s work on … Read more