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Tech

Dreame Shuts Its Hypercar Project a Year After Promising the World's Fastest Car

Dreame, the Chinese vacuum-maker that announced in August 2025 it would build the world's fastest car, is winding the project down after cutting the team from about a thousand people to a few dozen. Reports that its launch-day 'rocket car' was a remote-controlled model shell have made the collapse a parable of China's EV hype cycle.

News & Politics

China Overhauls Its Mortgage Rules: 40-Year Terms, Income Caps, and a Shift to Selling Finished Homes

China's central bank and banking regulator extended personal mortgage terms to 40 years, capped monthly payments at half of a borrower's income and told banks to renegotiate with struggling homeowners on August 28. The same day, three ministries moved to make selling finished homes — not off-plan apartments — the national norm, a direct answer to the country's unfinished-building crisis.

Life Stories

Rejected After an Unpaid Interview Pitch, a Chongqing Candidate Got 1,000 Yuan for His Trouble

A Chongqing advertising professional who produced a full project plan for a job interview and was rejected anyway received an unprompted 1,000-yuan "tea money" transfer from the company. The gesture trended at No. 3 because the norm it broke — candidates asked to work for free, then ghosted — is one many Chinese job-seekers know.