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Voice of America 

Chinese online retailer Temu faces EU probe into rogue traders, illegal goods

LONDON — The European Union is investigating Chinese online retailer Temu over suspicions it's failing to prevent the sale of illegal products, the 27-nation bloc's executive arm said on Thursday. The European Commission opened its investigation five months after adding Temu to the list of "very large online platforms" needing the strictest level of scrutiny under the bloc's Digital Services Act. It's a wide-ranging rulebook designed to clean up online platforms and keep internet users...

Voice of America 

Low consumer spending in China hinders economy there and abroad

U.S. Treasury Secretary Janet Yellen has joined several independent economists to express her frustration about low consumer spending and the property crisis in China. Some experts have expressed disappointment over Beijing's limited measures to stimulate consumer spending, which is one of the biggest hurdles in the Chinese economy. "Our view has been that raising consumer spending in China as a share of GDP (gross domestic product) is really important, along with measures to address problems in the property sector," Yellen said recently. Читать дальше...