Company makes staff crawl on street as punishment in China, video is viral

A company’s bizarre punishment for employees who couldn’t meet the targets set out for them has left many on the Internet in shock. Videos circulating online show employees of the company being forced to crawl on a busy street as punishment for not achieving their year-end targets. The clips have gone viral and collected a ton a reactions from netizens. The incident took place in Zaozhuang, China’s Shandong Province on January 14. The video shows women, who reportedly work for a company that sells beauty products, crawling down a busy…

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Pakistan exports over 100,000 kg human hair to China

Pakistan has exported to China over 100,000 kg of human hair valued at USD 132,000 over the last five years. The Ministry of Commerce and Textile told the National Assembly that 105,461 kg of human hair was exported to China in the last five years, the Dawn reported. Demand for human hair has increased in China due to growth in the makeup industry. The other reason for the increase in the export of human hair is that there is little trend for wearing wigs for fashion, AM Chauhan, a prominent…

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As world economy stumbles into 2019, eyes turn to China

Ten years after China helped stave off the threat of a global depression with a huge stimulus plan, investors are looking once again towards Beijing as the world economy heads for a slowdown, or worse, in 2019. Booming China has accounted for about a third of the growth in the global economy in recent years. So recent signs that it is losing momentum is unsettling when the U.S. boom, turbo-charged by President Donald Trump’s tax cuts of 2017, seems to have peaked and Europe’s heavyweights are stalling. China’s slowdown is…

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Samsung Electronics Braces for Profit Drop as China Slowdown Chips Away at Demand

Samsung Electronics Co is set to post its first drop in quarterly operating profit in two years as slowing economic growth in China, a key market for the South Korean tech giant, erodes demand for its products. Bleak results from the world’s top maker of semiconductors and smartphones would add to worries for investors, already on edge after Samsung’s biggest rival Apple this week took the rare step of cutting its sales forecast on slowing iPhone demand in China. Samsung, due to publish preliminary fourth-quarter results on January 8, is expected to…

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China upbeat ahead of US trade talks, but differences large

China has sounded a positive note ahead of trade talks this week with Washington, but the two sides face potentially lengthy wrangling over technology and the future of their economic relationship. Both sides have expressed an interest in settling their tariff fight over Beijing’s technology ambitions. Yet neither has indicated its stance has changed since a December 1 agreement by presidents Donald Trump and Xi Jinping to postpone further increases. Envoys will have “positive and constructive discussions” during meetings Monday and Tuesday, said Chinese Foreign Ministry spokesman Lu Kang. The…

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