A U.S. House panel on China asked the Department of Treasury to clarify whether it would endorse U.S. taxpayer funding for a Chinese green energy company over its battery plant in Michigan. The inquiry comes as the Treasury formulates its guidance on applying the term “foreign entity of concern” to incentives under the Inflation Reduction Act (IRA), a new law partly aimed at reducing U.S. dependence on China for renewable energy. “It is perplexing that the U.S. government would perpetuate this chokehold by actively supporting CCP-backed companies expanding their foothold in the U.S. market, especially in a crucial sector such as lithium-ion battery manufacturing,” the chair and the ranking member of the House Select Committee on the Chinese Communist Party (CCP) wrote in their Wednesday letter to the Treasury, saying that the United States is trying to “reduce the CCP’s chokehold over critical supply chains.”...Read more https://www.theepochtimes.com/us/us-house-panel-probes-treasury-over-federal-tax-credits-for-chinese-companies-5491599
In traditional Chinese medicine (TCM), hemorrhoids are such a common medical condition that a saying goes, “Among the 10, nine people have hemorrhoids.” Hemorrhoids can cause a lot of pain and make one feel restless. Their leading cause is constipation combined with poor circulation in the anal area. In this article, Dr. Wu Jiandong, a Chinese medicine clinician at Wing Seng Traditional Medical Center in Taiwan, shares the secrets of maintaining rectal and gastrointestinal health. In addition, I will detail workouts you can do to prevent hemorrhoids. What Are Hemorrhoids? Hemorrhoids are swollen veins at the end of the rectum and anus. Generally, there are three types of hemorrhoids: external, internal, and mixed....
Arm, the British chip designer, which is owned by Japan’s SoftBank, raised nearly $5 billion for its initial public offering (IPO) this week, the largest since 2021. The firm’s Sept. 14 opening, after filing with the Securities and Exchange Commission (SEC) last month was the largest IPO of 2023, easily eclipsing Johnson & Johnson’s spin-off Kenvue. This marks the return of Arm to the market after a $40 billion attempt by Nvidia to buy the chipmaker from Softbank in 2020 fell through last year over antitrust concerns. SoftBank acquired the United Kingdom-based semiconductor firm in 2016 for $32 billion and took it off as a public listing....
China’s real estate woes deepened on Friday as state-backed developer Sino-Ocean Group Holding suspended debt payments for all offshore debt until a restructuring was finalized. It also said it has halted trading its U.S. dollar securities in Hong Kong. According to the Beijing-based property developer, “holistic restructuring” of its offshore debt is the only way forward as it confronts rising liquidity challenges due to a sales slowdown throughout the wider sector since 2021. “Starting from the second half of 2021, the real estate sector in China has experienced significant changes and real estate developers have been confronted with unprecedented challenges with regard to liquidity and funding,” the company said in a Hong Kong stock exchange filing (pdf)....