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Former Treasury Secretary Steven Mnuchin is building an investor group to acquire ByteDance's TikTok, as a bipartisan piece of legislation winding its way through Congress threatens its continued existence in the U.S. "It's a great business and I'm going to put together a group to buy TikTok." There's no way that the Chinese would ever let a U.S. company own something like this in China," Mnuchin said. Last week, Mnuchin's Liberty Strategic Capital was a lead investor in a $1 billion capital raise to stabilize New York Community Bancorp. That administration also took an antagonistic stance toward TikTok, which ultimately resulted in ByteDance striking a data partnership with Oracle .

Persons: Steven Mnuchin, ByteDance's, ByteDance, Mnuchin, CNBC's, Masa, Joe Biden, Peter Thiel, Vinod Khosla, Keith Rabois, TikTok, Shou Zi Chew, Wang Wenbin, Bobby Kotick, Donald Trump, Trump Organizations: U.S, Liberty Strategic Capital, Vision Fund, Senate, Lawmakers, China Foreign Ministry, Financial Times, Street, Activision, Community Bancorp, Oracle Locations: Liberty, ByteDance, U.S, China, TikTok, New

☆ China says US statement on collision with Philippine boat disregards facts
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

A Philippine flagged boat is blocked by a China Coast Guard vessel during an incident that resulted in a collision between the two vessels, in the disputed waters of the South China Sea in this screen grab obtained from handout video released October 22, 2023. China Coast Guard/Handout via REUTERS Acquire Licensing RightsBEIJING, Oct 23 (Reuters) - China's foreign ministry on Monday said a U.S. statement in which Washington sided with the Philippines regarding a collision between vessels in the South China Sea "disregarded the facts". China and the Philippines traded accusations on Sunday over the collision in disputed waters of the South China Sea, as Chinese vessels blocked Philippine boats supplying forces there in the latest of a series of maritime confrontations. In a statement on Sunday, the U.S. State Department said China's coast guard had "violated international law by intentionally interfering with the Philippine vessels' exercise of high seas freedom of navigation". Maritime confrontations between Manila and Beijing have become a regular feature in the South China Sea, as both countries assert their territorial claims in the highly strategic waters.

Persons: Mao Ning, China's, Mao, Thomas Shoal, Thomas, Liz Lee, Bernard Orr, Christopher Cushing, Miral Organizations: China Coast Guard, REUTERS Acquire, Rights, Washington, U.S . State Department, Thomson Locations: Philippine, South, Rights BEIJING, U.S, Philippines, China, South China, United States, China's Nansha, Spratly Islands, Manila, Beijing

☆ China's ex-Foreign Minister Qin Gang was ousted after alleged affair, WSJ reports
▼ + stars: | 2023-09-19 | by ( ) www.reuters.com time to read: +1 min

Chinese Foreign Minister Qin Gang attends a press conference after talks with his Dutch counterpart Wopke Hoekstra in Beijing, China, May 23, 2023. REUTERS/Thomas Peter/Pool/file photo Acquire Licensing RightsSept 19 (Reuters) - China's former Foreign Minister Qin Gang, who was ousted from his position in July, had an extramarital affair while he was ambassador to the United States, the Wall Street Journal reported on Tuesday, citing people familiar with a briefing. The report said Qin was cooperating with the investigation, which was now focused on whether the affair or Qin's conduct had compromised China's national security. Senior Chinese officials were told that an internal Communist Party investigation found Qin engaged in the affair throughout his tenure as China's ambassador to the United States, the report said. Qin was replaced by veteran diplomat Wang Yi in July as the foreign minister after a mysterious one-month absence from duties barely half a year into the job.

Persons: Qin Gang, Wopke Hoekstra, Thomas Peter /, Qin, spokeperson Mao Ning, Wang Yi, Shubham, Neil Fullick, Michael Perry Organizations: Foreign, REUTERS, Wall Street, Senior, Communist Party, Beijing, Thomson Locations: Beijing, China, United States, U.S, Washington, Bengaluru

☆ Reaction to Gabon army officers announcing coup
▼ + stars: | 2023-08-30 | by ( ) www.reuters.com time to read: +4 min

Below are reactions to what appeared to be the eighth military coup in West and Central Africa since 2020. FRENCH GOVERNMENT SPOKESPERSON OLIVIER VERAN"We condemn the military coup and recall our commitment to free and transparent elections." EU HIGH REPRESENTATIVE FOR FOREIGN AFFAIRS AND SECURITY POLICY JOSEP BORRELL"If this is confirmed, it is another military coup which increases instability in the whole region. RUSSIAN FOREIGN MINISTRY SPOKESPERSON MARIA ZAKHAROVA"Moscow has received with concern reports of a sharp deterioration in the internal situation in the friendly African country. U.N. SECRETARY-GENERAL ANTONIO GUTERRES"The Secretary-General is following the evolving situation in Gabon very closely.

Persons: Gerauds Wilfried Obangome, Ali Bongo, Moussa Faki Mahamat, BOLA TINUBU'S, Bola Ahmed Tinubu, GENERAL PATRICIA SCOTLAND, OLIVIER VERAN, WANG WENBIN, Bongo, JOSEP BORRELL, MARIA ZAKHAROVA, JOHN KIRBY, It's, GENERAL ANTONIO GUTERRES, Nellie Peyton, Sofia Christensen, Alexander Winning, Sharon Singleton, Andy Sullivan Organizations: REUTERS, Central African, AU, H.E, WEST, BLOC ECOWAS, GENERAL, Commonwealth Secretariat, MINISTRY, EU HIGH, Thomson Locations: Libreville, Gabon, West, Central Africa, Gabonese Republic, Republic, NIGERIA, African Union, CHINA, China, Central African Republic, Mali, Burkina Faso, Niger, Moscow

☆ Malaysia says Beijing concerned about its energy projects in South China Sea
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +3 min

KUALA LUMPUR, April 4 (Reuters) - Malaysian Prime Minister Anwar Ibrahim on Tuesday said Beijing has expressed concerns about energy activities by Malaysian state firm Petronas in the South China Sea, even though Kuala Lumpur believes the projects are in its territory. China claims sovereignty over almost the entire South China Sea, through which about $3 trillion worth of ship-borne trade passes annually. China was worried that "Petronas has carried out a major activity at an area that is also claimed by China," Anwar said, responding to a parliamentary question about his discussions on the South China Sea during his visit to China last week. China claims its territory via a "nine-dash line" on its maps, which cuts into the EEZs of Vietnam, the Philippines, Malaysia, Brunei and Indonesia. Malaysia's foreign ministry will issue a protest note if there were "collisions" between Malaysian and Chinese vessels there, Anwar said.

☆ Philippines, China say need to work together over maritime issues
▼ + stars: | 2023-03-24 | by ( ) www.reuters.com time to read: +1 min

Ted Aljibe/POOL via REUTERSMANILA, March 24 (Reuters) - Maritime issues between the Philippines and China play an important part in relations between the countries, senior officials from the countries said on Friday, as both sides pledged to work together to resolve differences. Tensions between the neighbours have recently flared up over what Manila described as "aggressive activities" by China in the South China Sea. Maritime differences with Beijing were a "serious concern", but could be resolved through the "exhaustion of all diplomatic means", Philippine foreign ministry undersecretary Theresa Lazaro said after talks with Chinese counterparts. Meanwhile, China's Vice Foreign Minister Sun Weidong said maritime issue were not "the entirety of its relations" with the Philippines. Reporting by Karen Lema and Neil Jerome Morales Editing by Ed DaviesOur Standards: The Thomson Reuters Trust Principles.

☆ China foreign ministry: 'airship' over the U.S. a 'force majeure accident'
▼ + stars: | 2023-02-04 | by ( Brenda Goh | ) www.reuters.com time to read: +1 min

SHANGHAI, Feb 4 (Reuters) - China's foreign ministry said on Saturday that flight of a Chinese "airship" over the United States was a force majeure accident, accusing U.S. politicians and media of taking advantage of the situation to discredit China. "China has always strictly abided by international law and respected the sovereignty and territorial integrity of all countries," the ministry said in a statement. It said Beijing and Washington had not announced any visit by Blinken and that "the U.S. announcements are their own matter and we respect that". Wang told Blinken that both parties needed to communicate in a timely manner and avoid any misjudgments, the ministry said. Reporting by Brenda Goh; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ China's COVID policies are consistent and clear - China foreign ministry
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 4 (Reuters) - Chinese foreign ministry spokesman Zhao Lijian said on Friday that he was not aware of the media report that said China was preparing a plan to end COVID-19 flight suspensions. China's COVID policies are consistent and clear, Zhao told reporters at a daily briefing in Beijing. Reporting by Beijing newsroom; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

☆ China foreign ministry: unaware of situation after unverified social media posts lift markets
▼ + stars: | 2022-11-01 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Nov 1 (Reuters) - China's foreign ministry said on Tuesday that it was unaware of the situation following a market rally after social media posts circulated an unverified document that said China was forming a committee to assess border reopening in March. "I'm not aware of the situation you mentioned," foreign ministry spokesman Zhao Lijian said in response to a question at a regular daily news conference. Reporting by Martin Quin Pollard Writing by Tony Munroe; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

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