China: Moody’s closes its consulting business in China and lays off staff

US-based credit rating firm Moody’s Corp is closing its advisory business in China and laying off staff. Two people with knowledge of the matter said Moody’s Corp is laying off people associated with the unit in multiple locations across the country, The News International reported. Moody’s Corp began shutting down its operations, Moody’s Analytics, in … Read more

[ADV LAW] Stricter regulations on celebrity endorsements in advertising

Celebrities and influencers in China may find this month of November more difficult than usual, as the “Guidelines on Further Regulation of Celebrity Endorsements in Advertising” (hereinafter referred to as “Guidelines”) issued by 7 state authorities entered into force recently. Like the Sword of Damocles, the guideline provides a clearer deterrent to celebrities if they … Read more

No celebrity endorsements allowed for health supplements

The State Administration for Market Regulation (SAMR) announced the above, along with six other regulatory bodies, including the Office of the Central Cyberspace Affairs Commission, the Ministry of Culture and Tourism, National Radio and Television Administration, China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and China Film Administration. The overarching goal is to … Read more

86-year-old marathon runner goes viral as Chinese embrace fitness – Xinhua

Runners compete during the 2022 Beijing Marathon in Beijing on Nov. 6, 2022. (Xinhua/Song Yanhua) BEIJING, Nov. 12 (Xinhua) — A day before China’s solar term of the onset of winter, downtown Beijing was warmed by a lively sporting event, with thousands of runners and hordes of citizens cheering them on. from the sides of … Read more

Chinese exports drop unexpectedly as global slowdown shakes demand

China’s exports and imports contracted unexpectedly in October, the first simultaneous recession since May 2020, as soaring inflation and rising interest rates hammered global demand as new COVID-19 restrictions at home have disrupted production and consumption. October’s dismal trade figures highlight the challenge for policymakers in China, as exports have been one of the few … Read more

US Business Dashboard on China Party Congress So Far: No Shock

Delegates observe a minute of silence during the opening ceremony of the 20th National Congress of … [+] China’s ruling Communist Party at the Great Hall of the People in Beijing, China, Sunday, Oct. 16, 2022. The overriding theme emerging from the ongoing Chinese Communist Party Congress is one of continuity, not change. (AP Photo/Mark … Read more