Top Chinese education company laid off 60,000 people after Beijings crackdown last year – CNN

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The lockdown can potentially exacerbate the ongoing global chip shortage crisis, reports CNN’s Steven Jiang.”},{“title”:”Hong Kong independent news outlet closes after police raid and arrests”,”duration”:”02:53″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/media/2021/12/29/hong-kong-news-outlet-closes-police-raid-stand-news-pkg.cnnbusiness/index.xml”,”videoId”:”media/2021/12/29/hong-kong-news-outlet-closes-police-raid-stand-news-pkg.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211228215252-01-stand-hk-arrests-122920221-large-169.jpg”,”videoUrl”:”/videos/media/2021/12/29/hong-kong-news-outlet-closes-police-raid-stand-news-pkg.cnnbusiness/video/playlists/business-china/”,”description”:”Hong Kong news outlet Stand News shut down hours after around 200 police officers raided its newsroom. It was one of the last independent media organizations in Hong Kong. The raid led to the arrest of staff members and has stirred dissent from pro-democracy activists, reports CNN’s Ivan Watson. “,”descriptionText”:”Hong Kong news outlet Stand News shut down hours after around 200 police officers raided its newsroom. It was one of the last independent media organizations in Hong Kong. The raid led to the arrest of staff members and has stirred dissent from pro-democracy activists, reports CNN’s Ivan Watson. “},{“title”:”China slams Elon Musk and US claiming SpaceX satellites endangered Chinese”,”duration”:”01:58″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/12/28/space-x-china-satellite-elon-musk-starlink.cnnbusiness/index.xml”,”videoId”:”business/2021/12/28/space-x-china-satellite-elon-musk-starlink.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210311035205-02-spacex-starlink-0311-large-169.jpg”,”videoUrl”:”/videos/business/2021/12/28/space-x-china-satellite-elon-musk-starlink.cnnbusiness/video/playlists/business-china/”,”description”:”China lashed out at Elon Mask stating that his SpaceX’s Starlink satellites endangered Chinese astronauts by flying too close to China’s space station on two occasions. China’s foreign ministry spokesperson blamed the US as well, but the larger issue is how to manage growing traffic in space, says CNN’s Ivan Watson. “,”descriptionText”:”China lashed out at Elon Mask stating that his SpaceX’s Starlink satellites endangered Chinese astronauts by flying too close to China’s space station on two occasions. China’s foreign ministry spokesperson blamed the US as well, but the larger issue is how to manage growing traffic in space, says CNN’s Ivan Watson. “},{“title”:”Chinese ‘live-streaming queen’ hit with huge tax evasion penalty”,”duration”:”01:39″,”sourceName”:”CNN”,”sourceLink”:”http://www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/12/21/china-government-fines-livestreamer-viya-tax-evasion-lkl-intl-vpx.cnn/index.xml”,”videoId”:”business/2021/12/21/china-government-fines-livestreamer-viya-tax-evasion-lkl-intl-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211221093954-china-livestreamer-viya-1-large-169.jpg”,”videoUrl”:”/videos/business/2021/12/21/china-government-fines-livestreamer-viya-tax-evasion-lkl-intl-vpx.cnn/video/playlists/business-china/”,”description”:”Chinese live-stream shopping influencer Huang Wei, known as Viya, has received a $210 million penalty for tax evasion and has been kicked off social media. It’s the largest penalty ever imposed on a live-streamer, according to the Chinese state tabloid Global Times, and a sign of the Chinese government’s pressure campaign on internet celebrities.”,”descriptionText”:”Chinese live-stream shopping influencer Huang Wei, known as Viya, has received a $210 million penalty for tax evasion and has been kicked off social media. It’s the largest penalty ever imposed on a live-streamer, according to the Chinese state tabloid Global Times, and a sign of the Chinese government’s pressure campaign on internet celebrities.”},{“title”:”China’s Evergrande downgraded by Fitch”,”duration”:”01:41″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/business”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/12/09/evergrande-default-debt-fitch.cnnbusiness/index.xml”,”videoId”:”business/2021/12/09/evergrande-default-debt-fitch.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211013145352-evergrande-changqing-wuhan-china-0926-large-169.jpg”,”videoUrl”:”/videos/business/2021/12/09/evergrande-default-debt-fitch.cnnbusiness/video/playlists/business-china/”,”description”:”Evergrande has defaulted on its debt, according to Fitch Ratings. CNN’s Selina Wang says this shows “Beijing is no longer tolerating reckless borrowing” and economists predict that China “may be moving into an era of slower economic growth.” “,”descriptionText”:”Evergrande has defaulted on its debt, according to Fitch Ratings. CNN’s Selina Wang says this shows “Beijing is no longer tolerating reckless borrowing” and economists predict that China “may be moving into an era of slower economic growth.” “},{“title”:”China’s Didi is delisting from the NYSE”,”duration”:”01:35″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/12/03/didi-delisting-nyse.cnnbusiness/index.xml”,”videoId”:”business/2021/12/03/didi-delisting-nyse.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/190801093058-didi-car-china-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/12/03/didi-delisting-nyse.cnnbusiness/video/playlists/business-china/”,”description”:”Didi announced it will “immediately” start the process of delisting from the New York Stock Exchange and pivot to Hong Kong. CNN’s Paul R. La Monica reports.”,”descriptionText”:”Didi announced it will “immediately” start the process of delisting from the New York Stock Exchange and pivot to Hong Kong. CNN’s Paul R. La Monica reports.”},{“title”:”These clips from ‘The Simpsons’ are missing from Disney+ in Hong Kong”,”duration”:”01:01″,”sourceName”:”CNN”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/29/china-simpsons-hong-kong-disney.cnn/index.xml”,”videoId”:”business/2021/11/29/china-simpsons-hong-kong-disney.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211129073046-hong-kong-disney-the-simpsons-11-29-2021-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/29/china-simpsons-hong-kong-disney.cnn/video/playlists/business-china/”,”description”:””The Simpsons” fans in Hong Kong have noticed that an episode of the show that is critical of the Chinese government is unavailable on Disney+.”,”descriptionText”:””The Simpsons” fans in Hong Kong have noticed that an episode of the show that is critical of the Chinese government is unavailable on Disney+.”},{“title”:”Jamie Dimon on China joke: ‘I regret and should not have made that comment’ “,”duration”:”02:09″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/24/jamie-dimon-regrets-china-joke-afraid-china-reaction.cnnbusiness/index.xml”,”videoId”:”business/2021/11/24/jamie-dimon-regrets-china-joke-afraid-china-reaction.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211124133834-jamie-dimon-regrets-china-comment-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/24/jamie-dimon-regrets-china-joke-afraid-china-reaction.cnnbusiness/video/playlists/business-china/”,”description”:”JPMorgan Chase CEO Jamie Dimon regrets comments he made about JPMorgan outliving the Chinese communist party, stating he was trying to “emphasize the strength and longevity” of the company. Author Robert Lawrence Kuhn said Dimon was afraid of China’s reaction. “,”descriptionText”:”JPMorgan Chase CEO Jamie Dimon regrets comments he made about JPMorgan outliving the Chinese communist party, stating he was trying to “emphasize the strength and longevity” of the company. Author Robert Lawrence Kuhn said Dimon was afraid of China’s reaction. “},{“title”:”Ships in Chinese waters are disappearing from trackers”,”duration”:”02:43″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/24/china-shipping-data-tracking.cnnbusiness/index.xml”,”videoId”:”business/2021/11/24/china-shipping-data-tracking.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211124100703-china-shipping-trackers-jiang-pkg-large-169.jpeg”,”videoUrl”:”/videos/business/2021/11/24/china-shipping-data-tracking.cnnbusiness/video/playlists/business-china/”,”description”:”Industry analysts say they started noticing a drop-off in shipping traffic toward the end of October, as China prepared to enact legislation governing data privacy. CNN’s Steven Jiang reports.”,”descriptionText”:”Industry analysts say they started noticing a drop-off in shipping traffic toward the end of October, as China prepared to enact legislation governing data privacy. CNN’s Steven Jiang reports.”},{“title”:”The China market is lucrative for the sports business, but at what cost?”,”duration”:”02:51″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/24/china-sports-money-peng-shuai-ripley-pkg-intl-hnk-vpx.cnn/index.xml”,”videoId”:”business/2021/11/24/china-sports-money-peng-shuai-ripley-pkg-intl-hnk-vpx.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211124123324-china-sports-money-peng-shuai-ripley-pkg-intl-hnk-vpx-00004230-large-169.png”,”videoUrl”:”/videos/business/2021/11/24/china-sports-money-peng-shuai-ripley-pkg-intl-hnk-vpx.cnn/video/playlists/business-china/”,”description”:”Beijing’s influence in sports is growing with its massive potential spending power and fan base. Sports organizations have to be much more delicate with China in order to not be censored or banned from the country. CNN’s Will Ripley looks at the cost of prominent brands and organizations that have been accused of courting the Chinese market. “,”descriptionText”:”Beijing’s influence in sports is growing with its massive potential spending power and fan base. Sports organizations have to be much more delicate with China in order to not be censored or banned from the country. CNN’s Will Ripley looks at the cost of prominent brands and organizations that have been accused of courting the Chinese market. “},{“title”:”The stakes are too high to let Evergrande fail. Here’s why”,”duration”:”03:13″,”sourceName”:”CNNBusiness”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/09/evergrande-china-property-sector-wang.cnnbusiness/index.xml”,”videoId”:”business/2021/11/09/evergrande-china-property-sector-wang.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211109082022-china-property-pkg-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/09/evergrande-china-property-sector-wang.cnnbusiness/video/playlists/business-china/”,”description”:”The property sector accounts for nearly 30% of China’s GDP, with the vast majority of household wealth estimated to be tied up in property. But as Beijing tightens its grip, fears grow of a crisis in China’s real estate sector that ripples into the broader economy. CNN’s Selina Wang reports.”,”descriptionText”:”The property sector accounts for nearly 30% of China’s GDP, with the vast majority of household wealth estimated to be tied up in property. But as Beijing tightens its grip, fears grow of a crisis in China’s real estate sector that ripples into the broader economy. CNN’s Selina Wang reports.”},{“title”:”Timeline: China’s crackdown on private enterprise”,”duration”:”02:49″,”sourceName”:”CNNBusiness”,”sourceLink”:”www.cnn.com”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/02/china-crackdown-private-enterprise-economy-pkg.cnnbusiness/index.xml”,”videoId”:”business/2021/11/02/china-crackdown-private-enterprise-economy-pkg.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211102120102-china-crackdown-stout-pkg-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/02/china-crackdown-private-enterprise-economy-pkg.cnnbusiness/video/playlists/business-china/”,”description”:”China’s crackdown on private enterprise kicked off with the scrapped IPO of Alibaba’s Ant Group on November 3, 2020. Since then, Beijing has tightened its grip on the activities of companies across an array of sectors. But will it wind down as China’s economic growth slows? CNN’s Kristie Lu Stout reports.”,”descriptionText”:”China’s crackdown on private enterprise kicked off with the scrapped IPO of Alibaba’s Ant Group on November 3, 2020. Since then, Beijing has tightened its grip on the activities of companies across an array of sectors. But will it wind down as China’s economic growth slows? CNN’s Kristie Lu Stout reports.”},{“title”:”Billionaire investor says China outsmarts the US in handling booms. Hear why”,”duration”:”03:01″,”sourceName”:”CNN”,”sourceLink”:”https://www.cnn.com/”,”videoCMSUrl”:”/video/data/3.0/video/business/2021/11/02/charlie-munger-taxes-china-gr-orig.cnn/index.xml”,”videoId”:”business/2021/11/02/charlie-munger-taxes-china-gr-orig.cnn”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210224132441-charlie-munger-file-large-169.jpg”,”videoUrl”:”/videos/business/2021/11/02/charlie-munger-taxes-china-gr-orig.cnn/video/playlists/business-china/”,”description”:”Billionaire investor Charlie Munger weighs in on Biden’s economic plan and what he says communist China gets right.”,”descriptionText”:”Billionaire investor Charlie Munger weighs in on Biden’s economic plan and what he says communist China gets right.”},{“title”:”Christmas trees may be hard to come by this year”,”duration”:”02:31″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/10/18/christmas-tree-supply-chain-issues-pkg.cnnbusiness/index.xml”,”videoId”:”business/2021/10/18/christmas-tree-supply-chain-issues-pkg.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/211018080947-christmas-tree-shortage-supply-chain-large-169.jpg”,”videoUrl”:”/videos/business/2021/10/18/christmas-tree-supply-chain-issues-pkg.cnnbusiness/video/playlists/business-china/”,”description”:”CNN’s David Culver follows the supply chain from a factory in southern China to a wholesaler in New Jersey, where the National Tree Company’s CEO is warning that consumers will have to dish out more for an artificial Christmas tree this year.”,”descriptionText”:”CNN’s David Culver follows the supply chain from a factory in southern China to a wholesaler in New Jersey, where the National Tree Company’s CEO is warning that consumers will have to dish out more for an artificial Christmas tree this year.”},{“title”:”China’s energy crunch is hitting factories hard”,”duration”:”03:13″,”sourceName”:”CNNBusiness”,”sourceLink”:””,”videoCMSUrl”:”/video/data/3.0/video/business/2021/09/30/china-economy-energy-crunch-pkg.cnnbusiness/index.xml”,”videoId”:”business/2021/09/30/china-economy-energy-crunch-pkg.cnnbusiness”,”videoImage”:”//cdn.cnn.com/cnnnext/dam/assets/210930103942-power-grid-china-large-169.jpg”,”videoUrl”:”/videos/business/2021/09/30/china-economy-energy-crunch-pkg.cnnbusiness/video/playlists/business-china/”,”description”:”Demand for Chinese goods is surging as the global economy emerges from the pandemic, increasing use of China’s electricity-hungry factories. But since electricity prices are regulated in China, some power companies are losing money and hesitant to boost production. At the same time, China is trying to meet its ambitious climate goals. CNN’s Selina Wang reports.”,”descriptionText”:”Demand for Chinese goods is surging as the global economy emerges from the pandemic, increasing use of China’s electricity-hungry factories. But since electricity prices are regulated in China, some power companies are losing money and hesitant to boost production. At the same time, China is trying to meet its ambitious climate goals. CNN’s Selina Wang reports.”}],’js-video_headline-featured-1u12opi’,”,”js-video_source-featured-1u12opi”,true,true,’business-china’);if (typeof configObj.context !== ‘string’ || configObj.context.length