(Bloomberg) -- Xi Jinping smiled and hinted at a policy bombshell that would soon roil stock markets from Shanghai to New York.It was mid-June, and the most powerful Chinese Communist Party leader since Mao Zedong was holding court at an after-school club for elementary students in the remote city of Xining. Acknowledging the growing pressure on students and their parents to spend time and money on private tutoring, Xi promised to ease their burden. “We must not have out-of-school tutors doing t
The Tokyo Olympics is battling through a pandemic, with the Japanese capital in a state of emergency amid a record spike in COVID-19 cases, but athletes, officials and staff also face another pervasive, deadly health threat: the heat. The risks of heatstroke at one of the hottest Games on record are borne not only by the athletes, but also by the thousands of staff, especially at outdoor venues. In addition to conventional measures like water spray and mist fans, organisers are going high-tech, deploying a cloud-based system from Chinese e-commerce giant Alibaba Group to monitor workers' real-time conditions and send warnings and advice at signs of danger.
(Bloomberg) -- Beijing pressed ahead with moves to assert greater control over technology companies, continuing a campaign that’s roiled financial markets and prompted Washington to suspend public offerings by Chinese companies on U.S. exchanges until risks are better disclosed.In a flurry of action Friday, authorities summoned the country’s largest technology companies for a warning on data security, vowed tighter oversight of overseas share listings and accused ride-hailing companies of anti-c