regulations

China Denies Approval for New Online Games, Rocking Global Industry

The South China Morning Post (SCMP) reported on Thursday that Chinese regulators will not approve any new online games for at least a month, following a month in which approval has been granted very slowly. The news caused gaming industry stocks to slide in markets around the world, as investors feared losing access to the immense Chinese market.

This photo taken on January 29, 2018 shows students practicing computer games in an eSports class at the Lanxiang technical school in Jinan, in China's eastern Shandong province. - Most teachers would not be impressed to discover a student playing video games in their class. But at a school in …

California Housing Law Bill Requires 15% New Developments Low Income, Union Built 

Media reports are lauding lawmakers and Democrat California Gov. Gavin Newsom for a new law that will allow housing developments to bypass some environmental regulations that have resulted in long delays. But the overarching impact on housing in the Golden State is that 15 percent of new housing must be low-income and be built by union-pledged workers.

OAKLAND, CALIFORNIA - MAY 10: California Gov. Gavin Newsom looks on during a press conference at The Unity Council on May 10, 2021 in Oakland, California. California Gov. Gavin Newsom announced a $100 billion economic recovery package for the state that would include a new round of $600 stimulus checks …

China to Crack Down on ‘Unregulated Expansion of Capital’

The Chinese Communist Party’s (CCP) annual legislative meeting this weekend will take action against the “unregulated expansion of capital,” according to Premier Li Kequiang, signaling another regulatory beating to teach outspoken tech billionaires who is truly in charge of the Chinese economy.

BEIJING, CHINA - MARCH 05: Chinese Premier Li Keqiang speaks at the opening session of the National People's Congress at the Great Hall of the People on March 5, 2021 in Beijing, China. The annual political gatherings of the National Peoples Congress and the Chinese People's Political Consultative Conference, known …

China Refuses 9,000 Liters of Beer, 8,000 Kilograms of Beef from Australia

The South China Morning Post (SCMP) on Wednesday reviewed Chinese customs data and found several major blockages of Australian imports over the past month, including 9,000 liters of Australian craft beer turned away at the port city of Xiamen and 8,000 kilograms of frozen beef denied entry to Shanghai. China and Australia are embroiled in a long-running trade and diplomatic feud.

Cargo ships berth at a port in Qingdao in China's eastern Shandong province on May 8, 2019. - China's exports fell more than expected in April while imports rose, official data showed on May 8, ahead of high-stakes talks aimed at resolving a trade war with the United States. (Photo …