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☆ Asia stocks track Wall Street gains as softer-than-expected U.S. jobs data fuels rate cut hopes
▼ + stars: | 2024-05-06 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

China's and Australia's flags are seen on the tables where China's Foreign Minister Wang Yi and Australia's Foreign Minister Penny Wong held their bilateral meeting at Parliament House in Canberra on March 20, 2024. Asia-Pacific markets tracked Wall Street gains on Monday as a softer-than-expected U.S. jobs report fueled hopes that the Federal Reserve could start cutting rates soon. Investors, meanwhile, awaited the Reserve Bank of Australia's rate decision on Tuesday and China's April trade data on Thursday. ING said in a note last week that the RBA meeting was "worth watching closely," adding that recent inflation data from Australia showed growth in prices was starting to accelerate. However, the analysts said Australia's inflation data was better than they had expected, and compared to the US, the country's economy had slowed more with the labor market softening substantially.

Persons: Wang Yi, Penny Wong Organizations: House, Wall, Federal Reserve, Investors, Reserve Bank, ING, Global Locations: Canberra, Asia, Pacific, Australia, Hong Kong, China, India, Japan, South

☆ The US relationship with China is entering a dangerous era. Time may be running out to save it.
▼ + stars: | 2024-04-26 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

There was a risk, he said, that US-China relations could "return to a downward spiral." As such, the US-China relationship appears to have entered a dangerous period, and time may be running out to save it. The US has handed Ukraine billions in aid and military support to resist the invasion, with a new $61 billion bill passing this week. AdvertisementBlinken said he raised concerns about China's support for Russia in its invasion of Ukraine. Blinken will have to overcome several hurdles for US-China relations to improve.

Persons: —, Antony Blinken's, Xi Jinping, Wang Yi, Xi, Joe Biden, Ali Wyne, Wang, Blinken, Ian Bremmer Organizations: Service, Business, US, West, International Crisis, Russia, Eurasia Group, Bloomberg Locations: China, Ukraine, loggerheads, Taiwan, Washington, Beijing, US, Western Europe, Russia

☆ The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world
▼ + stars: | 2024-04-23 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

The US is drafting sanctions on Chinese lenders, The Wall Street Journal reported. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Previously, the threat of US secondary sanctions has already sparked a pullback in Chinese-Russian financial dealings, including restricted yuan payment transactions. New sanctions could go as far as cutting China from accessing the US dollar, the linchpin currency used in global trade.

Persons: —, hasn't, State Anthony Blinken, Wang Webin Organizations: Street Journal, Service, Lawmakers, Street, Center for Strategic, International, Washington, State, Reuters Locations: China, Russia, Washington, Beijing, Moscow, Ukraine, Russian, Western, Europe

☆ Blinken to warn China over its support for Russia’s military during this week's visit
▼ + stars: | 2024-04-22 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

US Secretary of State Antony Blinken (L) and China's Foreign Minister Qin Gang shake hands ahead of a meeting at the Diaoyutai State Guesthouse in Beijing on June 18, 2023. U.S. Secretary of State Antony Blinken will warn China about its support for Russia's military during his visit to the country this week, according to a senior State Department official. Blinken is expected to convey Washington's "deep concerns" over China's aid for Russia's defense industrial base, during his three-day visit starting Wednesday. "And I think we've demonstrated our willingness to do so regarding firms from a number of countries, not just China," he added. During his visit to Beijing and Shanghai, Blinken is expected to meet senior Chinese officials, including Foreign Minister Wang Yi, according to the State Department.

Persons: Antony Blinken, Qin Gang, Blinken, We're, Wang Yi, Xi Jinping Organizations: China's Foreign, State Department Locations: Diaoyutai, Beijing, China, Ukraine, Europe, U.S, Shanghai, Blinken

☆ China is worried about overcapacity, too — but it sees the problem differently than the US
▼ + stars: | 2024-04-11 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

The US treasury secretary raised concerns about China's overproduction in her recent visit to the country. China has hit back at her concerns, but it's also concerned about overcapacity, an economist says. Just like the US and all of China's trading partners, Chinese authorities are concerned about industrial overcapacity and want to curb it. She added that China's trade surplus with the world meant there might be fewer incentives for Beijing to tackle the issue. AdvertisementAnalysts expect the US debate over its trade issues with China to heat up heading into the presidential election season.

Persons: it's, —, Yue Su, Su, Janet Yellen, Janet Yellen's, Yellen, Li Qiang, Mao Ning, Mao Organizations: Service, Economist Intelligence Unit, European Union, EU, Commerce Department Locations: China, Beijing, People's Republic of China, Thailand, EU, —

☆ The security pact between the US, UK, and Australia could be expanding, and it's got China worried
▼ + stars: | 2024-04-09 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

China said it is "gravely concerned" over reports that Japan could join the AUKUS security pact. NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. AdvertisementChina's foreign ministry said it is "gravely concerned" over reports that Japan could join AUKUS, a security and defense pact between Australia, the UK, and the US. Japan needs to earnestly draw lessons from history and stay prudent on military and security issues," she added. Speaking at a news conference on Tuesday, Australia Prime Minister Anthony Albanese clarified that working with Japan wouldn't signal recruitment.

Persons: —, wasn't, Pilar, Aukus, Biden, Fumio Kishida, Mao Ning, Anthony Albanese, " Albanese, nothing's, There's Organizations: Service, US, Japan, White, China Morning Post, US Naval, Forbes, Australia, Reuters Locations: China, Japan, Australia

☆ China's Xi tells U.S. CEOs that bilateral relations can have a 'brighter future'
▼ + stars: | 2024-03-28 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

China's President Xi Jinping speaks at an event held by the National Committee on US-China Relations and the US-China Business Council on the sidelines of the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023. Carlos Barria | Afp | Getty ImagesBEIJING — Chinese President Xi Jinping told U.S. executives on Wednesday that bilateral relations can improve, and pledged that Beijing would keep working to improve the business environment. In the Chinese side's readout, Xi described China's economy as "sound and sustainable," and pushed back on some forecasts that the country would soon "peak." The National Committee on U.S.-China Relations did not provide a statement. "I commend [Xi's] personal engagement in the U.S.-China relationship, including a meeting like this.

Persons: Xi Jinping, Carlos Barria, Stephen Schwarzman, Cristiano Amon, Evan G, Greenberg, Harvard's John F, Dean Graham Allison, Craig Allen, Xi, Wang Yi, Zheng Shanjie, Commerce Wang Wentao, Rajesh Subramaniam, Chubb Organizations: National Committee, China Relations, China Business Council, Economic Cooperation, APEC, Afp, Getty, U.S, China -, Blackstone, Qualcomm, Kennedy School of Government, U.S ., China Business, Authorities, National Development, Commerce, FedEx, CNBC, Committee Locations: Asia, San Francisco , California, BEIJING, Beijing, China, United States, U.S

☆ StanChart CEO Winters meets China FX regulator, launches investment banking unit
▼ + stars: | 2024-03-26 | by ( ) www.cnbc.com time to read: +2 min

Standard Chartered CEO Bill Winters met with the head of China's foreign exchange regulator on Monday, a month after the bank suspended new investments by its clients in the country into offshore products via a quota-based channel. "We have confidence in China's continued financial sector opening and economic transition," Winters said. "The inauguration of SCSCL will enhance Standard Chartered's ability to serve clients domestically and internationally, deepening and diversifying our capabilities in China". StanChart started hiring staff in China since 2023 as it geared up to launch the investment banking unit targeting niche bond deals, chairman of the unit said last year. Blackstone's Schwarzman held a meeting on Monday with the chief secretary of Communist Party of China, Cai Qi, a statement from China's Ministry of Foreign Affairs shows.

Persons: Bill Winters, Winters, Zhu Hexin, StanChart, Zhu, China's, StanChart's Winters, Noel Quinn, Blackstone's Schwarzman, Cai Qi, Cai Organizations: China's, Administration of Foreign Exchange, SAFE, Standard Chartered Securities China, China Development, Communist Party of China, China's Ministry of Foreign Affairs Locations: London, China, U.S, Los Angeles

☆ 'Hong Kong is China's Hong Kong': Beijing hits back at U.S. for 'slandering' city's new security law
▼ + stars: | 2024-03-21 | by ( Lee Ying Shan | In Ying-Shan-Lee | ) www.cnbc.com time to read: +2 min

The flags of China and Hong Kong displayed in rows. China's embassy hit back against U.S. criticism of Hong Kong's new national security law on Thursday, saying the U.S. should "respect China's sovereignty." Hong Kong lawmakers passed a new national security law on Tuesday which critics say grants the government more power to quash dissent. "Hong Kong is China's Hong Kong. Hong Kong affairs are purely China's internal affairs, which no country is in the position to point fingers at or interfere in," a spokesperson said on Wednesday.

Persons: Hong, Hong Kong's, Vedant Patel, John Lee, Wang Yi, — CNBC's Evelyn Cheng, Clement Tan Organizations: U.S . State Department, Kong's Legislative, China's, Beijing, China - Locations: China, Hong Kong, U.S, China's, Hong Kong . Hong Kong, Kong's, China - U.S

☆ A TikTok ban could be terrible news for Apple and Tesla
▼ + stars: | 2024-03-15 | by ( Geoff Weiss | ) www.businessinsider.com time to read: +4 min

China could retaliate against Apple and Tesla via brand damage campaigns or stifling local ops. AdvertisementA potential TikTok ban in the US could spell trouble for Apple, Tesla, and other American companies operating in China. And on Wednesday, China's foreign ministry warned TikTok ban attempts would "eventually backfire on the US." Deepwater Asset Management managing partner Gene Munster told Business Insider he believes a TikTok ban has a 25% chance of materializing. In a world where there is a TikTok ban, Munster said, "Chinese leadership could expand its anti-iPhone campaign beyond the government."

Persons: TikTok, —, Gene, Munster, Dan Ives, Tesla Organizations: Apple, Service, Asset Management, Gene Munster, Business, Wedbush Securities, BI, Wynn Resorts, Las Vegas Sands, Texas Instruments, IPG Photonics, Financial Times, Huawei Locations: China, United States, Las Vegas, Qualcomm, Munster, —

☆ China's foreign minister to visit Australia next week as ties improve
▼ + stars: | 2024-03-14 | by ( ) www.cnbc.com time to read: +1 min

China's top diplomat, Foreign Minister Wang Yi, will visit Australia next week, Prime Minister Anthony Albanese said on Thursday, a sign of a further thaw in relations after years of tensions. China's top diplomat, Foreign Minister Wang Yi, will visit Australia next week, Prime Minister Anthony Albanese said on Thursday, a sign of a further thaw in relations after years of tensions. "I look forward to meeting Wang Yi during his visit to Canberra next week," Albanese said during a televised media briefing. "It's a good thing that Wang Yi is visiting, it's a good thing to have dialogue." Albanese said "significant progress" had been made in recent months to remove trade impediments with China, Australia's largest trading partner.

Persons: Wang Yi, Anthony Albanese, " Albanese, it's Organizations: Huawei, Labor Locations: Australia, Canberra, China

Philippine Department of Trade and Industry Secretary Alfredo Pascual (R) and US Commerce Secretary Gina Raimondo attend a press conference in the Philippines on March 11, 2024. Chinese electric cars can one day drive on U.S. roads if there are enough government controls on software and sensors, U.S. Commerce Secretary Gina Raimondo told CNBC's Eunice Yoon in an exclusive interview Tuesday. I could see a day when we have those vehicles on roads in the United States," Raimondo said, "but not unless we have very significant controls and conditions around the software and sensors in those cars." "Because at the end of the day we must protect the American people from the threat that China poses," Raimondo said, claiming that Beijing could access data about location or personal messages transmitted through Chinese-made cars. China's Foreign Ministry has said that "the Chinese government has never asked and will never ask any company or individual to collect or provide data, information or intelligence located abroad against local laws."

Persons: Alfredo Pascual, Gina Raimondo, CNBC's Eunice Yoon, " Raimondo Organizations: Philippine Department of Trade, Industry, US, . Commerce, Department of Commerce Locations: Philippines, U.S, United States, China, Beijing, Mexico

☆ China's propaganda actors may go rogue and try to influence the 2024 elections, US intelligence says
▼ + stars: | 2024-03-12 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +3 min

China could attempt to influence the 2024 elections, says a new US intelligence report. The report added that China may not be able to reign in influence operations even if they want to. AdvertisementChina may try to influence the 2024 elections, and some propaganda actors might go rogue and operate outside Beijing's control, according to a newly released threat assessment by the US intelligence community. China's propaganda arm, the report said, had used TikTok accounts to target candidates from the GOP and Democratic Parties during last year's midterm elections. It added that China's propaganda actors "increased their capabilities to conduct covert influence operations and disseminate information."

Persons: —, Xi Jinping, Xi, Joe Biden, Biden, Wang Wenbin Organizations: Service, GOP, Democratic, Economic Cooperation, CNN, Business Locations: China, Beijing, Asia, Australia, New Zealand, Canada, United States

☆ CNBC Daily Open: No surprises for Wall Street from Powell
▼ + stars: | 2024-03-07 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

A trader reacts as a screen displays the Fed rate announcement on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., December 13, 2023. This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. [PRO] India's promising ETFsTapping India's promising market isn't as straightforward for foreign investors as buying shares listed on the Indian stock exchanges. Portfolio managers highlight one of the simplest routes is through ETFs that specifically track indexes comprised of Indian stocks.

Persons: Jerome Powell's, Wang Yi, Powell Organizations: New York Stock Exchange, CNBC, Nikkei, CSI, Dow, Nasdaq, Capitol, U.S Locations: New York City, U.S, Japan, Capitol Hill, China, Israel, America

☆ Chinese leaders to hold annual 'Two Sessions' meeting as debate about bazooka-like stimulus swirls
▼ + stars: | 2024-03-04 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

Edgar Su | ReutersBEIJING — China is set this week to kick off its annual parliamentary meetings, which investors are watching closely for signals on economic stimulus. China's economic policy is typically set at an annual meeting in December by leaders within the ruling Communist Party of China. GDP and other economic targetsThe Chinese People's Political Consultative Conference, an advisory body, is set to kick off its annual meeting on Monday. "On balance, the additional fiscal impulse this year, assuming a bazooka-like fiscal package is not forthcoming, is unlikely to be particularly large." China's foreign minister and premier typically hold press conferences during the parliamentary meetings, which generally end in mid-March.

Persons: Edgar Su, Wang Jun, Wang, Zong Liang, Louise Loo, Loo, Goldman Sachs, Bank of China's Zong Organizations: of, Initiative, Reuters, Huatai Asset Management, CNBC, Communist Party of China, U.S, Political Consultative Conference, National People's, Oxford Economics, Industry, Information Technology, Science, Technology, Housing, Bank of, Communist Party's, Communist Party of Locations: Beijing, China, Reuters BEIJING, U.S . Federal, RMB3.8tn, Bank of China's

☆ Secret military files reveal when Russia would consider using nuclear weapons, including the destruction of 20% of its ballistic missile submarines: FT
▼ + stars: | 2024-02-29 | by ( Lloyd Lee | Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewThe Kremlin has considered a broad range of scenarios for when the country should go nuclear, leaked Russian military files obtained by The Financial Times showed. The 29 leaked files pertain to tactical nuclear weapons and are dated from 2008 to 2014, meaning they're at least 10 years old. Meanwhile, China has publicly maintained that it adheres to a "no first use" nuclear policy and would only use nuclear weapons in response to a nuclear attack. The FT reported that a spokesperson for Russian President Vladimir Putin challenged the "authenticity" of the documents when asked about the nuclear files. Chinese and Western diplomatic officials previously told The Financial Times that Xi personally warned Putin against a nuclear war.

Persons: —, Vladimir Putin, Putin, Russia's, China's Xi, Xi Organizations: Service, The Financial, Business, Financial Times, FT Locations: Russia, Moscow, China, Beijing, Ukraine

☆ 'China has a lot more to lose': U.S. considering sanctioning Chinese firms aiding Russia's war
▼ + stars: | 2024-02-19 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Russia's President Vladimir Putin and Chinese President Xi Jinping shake hands during a meeting in Beijing on October 18, 2023. The provisions would mark the first direct penalties against Beijing despite long-held Western suspicions over its support for Russia's military operations. So I would hope China would calculate carefully that there are consequences around the corner for supporting Russia's violence and depravity in Ukraine." Asked whether the U.S. is considering similar sanctions on China as those proposed by the EU, U.S. A separate January report found that China has become key conduit in funnelling critical Western tech into Russia.

Persons: Vladimir Putin, Xi Jinping, Sergei Guneyev, Gerald Connolly, CNBC's Silvia Amaro, Connolly, Ben Cardin, Biden, Josep Borrell, Alexei Navalny Organizations: Afp, Getty, Congress, CNBC, Democratic, U.S . House, Foreign Relations, European Union, Beijing, Saturday, Munich Security, EU, U.S, Russia, U.S . National Security Council Locations: Beijing, Munich, GERMANY, The U.S, Russia, Ukraine, China, Washington, U.S

☆ China markets rise as upbeat holiday travel data boosts tourism stocks; Hong Kong shares fall
▼ + stars: | 2024-02-19 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Stock markets in China rose as traders returned from a long holiday on Monday to upbeat travel data, while Hong Kong stocks fell. The CSI 300 added 0.3% as trading resumed following the Lunar New Year holidays that saw consumer spending jump higher than pre-Covid levels, according to official data. Tourism stocks led the gains, jumping 2% shortly after the open. The People's Bank of China on Sunday held a key policy rate steady as expected, as markets reassess when the U.S. Federal Reserve might start easing its monetary policy this year. China's central bank said it was holding the rate unchanged at 2.5% on 500 billion yuan ($69.51 billion) worth of one-year medium-term lending facility.

Persons: Wang Yi, Antony Blinken Organizations: CSI, People's Bank of China, Sunday, U.S . Federal, China's, U.S Locations: China, Hong Kong, China's, United States, Beijing, Washington

☆ China's Wang Yi tells Blinken U.S. should lift sanctions on Chinese firms
▼ + stars: | 2024-02-18 | by ( ) www.cnbc.com time to read: +3 min

US Secretary of State Antony Blinken (L) and Chinese Foreign Minister Wang Yi meet at the 60th Munich Security Conference on Feb. 16, 2024. Washington should lift sanctions on Chinese companies and individuals, and that attempts to de-couple from China would only hurt the United States, China's Foreign Minister Wang Yi told U.S. Secretary of State Antony Blinken. The United States should lift the sanctions and not harm China's legitimate development rights, Wang told Blinken on Friday on the sidelines of a Munich security conference, according to a statement from China's foreign ministry. Washington has imposed sanctions on various Chinese companies that it accuses of working with China's military despite denials from the firms. The United States does, however, maintain unofficial relations with the democratically governed island and remains its most important backer and arms supplier.

Persons: Antony Blinken, Wang Yi, Wang, Blinken, Biden, Joe Biden, Xi Jinping Organizations: Foreign, China's, U.S, Economic Cooperation, Treasury Locations: Munich, Washington, China, United States, Xinjiang, U.S, de, Ukraine, Taiwan, Asia, Beijing

☆ China's Wang Yi Held 'Constructive' Talks With Blinken in Munich - Chinese Foreign Ministry
▼ + stars: | 2024-02-16 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - China's Foreign Minister Wang Yi discussed lifting sanctions against Chinese companies and individuals in a meeting with U.S. Secretary of State Antony Blinken at the Munich Security Conference, the Chinese foreign ministry said on Saturday. Both sides also discussed facilitating people-to-people exchanges in the meeting held on Friday, the ministry said, adding the exchanges between the two were "frank, substantial and constructive". "Making 'de-risking' into 'de-China', and building 'small yards and high walls' and seeking 'decoupling from China'" will only backfire on the U.S. itself, Wang said, according to a statement from the foreign ministry. Both sides also exchanged views on regional issues including the Ukraine crisis and the Korean Peninsula, the statement said, without giving further details. China and the U.S. have made some progress in bilateral relations since Chinese President Xi Jinping held talks with President Joe Biden in November, where they reached agreements covering fentanyl, military communications and artificial intelligence on the sidelines of the Asia-Pacific Economic Cooperation summit.

Persons: Wang Yi, Antony Blinken, Wang, Xi Jinping, Joe Biden, Albee Zhang, Ryan Woo, Raju Gopalakrishnan Organizations: China's, U.S, Munich Security Conference, Economic Cooperation, Treasury Locations: BEIJING, de, China, U.S, Ukraine, Asia, Beijing

BANGKOK (AP) — A Nasdaq-listed Chinese technology company that makes parts for self-driving vehicles is threatening to sue the U.S. government after it was included in a list of companies the Pentagon says have links to the Chinese military. It was among 17 companies the U.S. Department of Defense recently added to its list of companies it considers “Chinese military companies.”The revised list also includes Megvii, a Beijing-based artificial intelligence company and IDG Capital, a major private equity investment company with holdings in many Chinese technology companies, and major Chinese energy, telecoms and aviation companies. In a statement issued last week, the company said its LiDARs were not designed to conform to military specifications. Under Biden, the U.S. has further limited China’s access to advanced U.S. technology, limited U.S. investments in strategically sensitive Chinese industries and expanded sanctions on leading Chinese companies like Huawei Technologies. The Defense Department periodically updates its list of now nearly four dozen Chinese military companies to counter links between Chinese military and companies and other entities that it says appear to be civilian.

Persons: Yifan “ David ” Li, Li, Joe Biden’s, Donald Trump, Biden, China’s Organizations: Pentagon, U.S . Department of Defense, IDG Capital, U.S . Department of Commerce, Beijing, Huawei Technologies, The Defense Department, Xiaomi Corp, Apple Inc, U.S ., China’s People’s Liberation Army Locations: BANGKOK, Beijing, U.S

☆ Beijing Calls for 'Positive, Objective, Friendly' China Policy From South Korea
▼ + stars: | 2024-02-06 | by ( Feb. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) - China hopes South Korea will pursue a "positive, objective and friendly" policy towards Beijing, foreign minister Wang Yi said in a phone call with his South Korean counterpart on Tuesday. China and South Korea have close economic ties, and should work together to maintain the stability and smooth flow of industrial and supply chains, China's foreign ministry quoted Wang as saying in a statement. During the phone call, South Korean foreign minister Cho Tae-yul asked China to play a "constructive role" in curbing North Korea's military threats, and to help North Korean defectors not to be sent back home against their will, South Korea's foreign ministry said in a statement. Wang has invited Cho to China and both countries would continue to discuss Cho's visit, the ministry said. (Reporting by Ethan Wang, Ella Cao, Ryan Woo and Ju-min Park; Editing by Alison Williams and Stephen Coates)

Persons: Wang Yi, Wang, Cho Tae, yul, Cho, Ethan Wang, Ella Cao, Ryan Woo, Alison Williams, Stephen Coates Organizations: South Korean Locations: BEIJING, China, South Korea, Beijing, North

☆ US Court Blocks Florida Law Barring Chinese Citizens From Owning Property
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Daniel Wiessner(Reuters) - A U.S. appeals court has blocked Florida from enforcing a ban on Chinese citizens owning homes or land in the state against two Chinese nationals who were in the process of buying property when the law was adopted. Circuit Court of Appeals said on Thursday the individuals were likely to prevail on claims that Florida's ban violates a federal law governing real estate purchases by foreign nationals. A Florida federal judge in August had declined to block the law, prompting an appeal by the plaintiffs. Lawmakers in several Republican-led states including Texas, Louisiana, and Alabama are considering similar restrictions on Chinese citizens owning property. It also bars most citizens of Cuba, Venezuela, Syria, Iran, Russia and North Korea from owning property near military installations and infrastructure such as power plants and airports.

Persons: Daniel Wiessner, Ashley Moody, Bethany Li, Li, Ron DeSantis, Angus MacSwan Organizations: Circuit, Appeals, Republican, Constitution, Asian American Legal Defense, Education Fund, Chinese Communist Party Locations: Florida, Atlanta, Texas , Louisiana, Alabama, China, Cuba, Venezuela, Syria, Iran, Russia, North Korea, Albany , New York

☆ Court blocks Florida law barring Chinese citizens from owning property
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +2 min

A U.S. appeals court has blocked Florida from enforcing a ban on Chinese citizens owning homes or land in the state against two Chinese nationals who were in the process of buying property when the law was adopted. Circuit Court of Appeals said on Thursday the individuals were likely to prevail on claims that Florida's ban violates a federal law governing real estate purchases by foreign nationals. A Florida federal judge in August had declined to block the law, prompting an appeal by the plaintiffs. Lawmakers in several Republican-led states including Texas, Louisiana and Alabama are considering similar restrictions on Chinese citizens owning property. It also bars most citizens of Cuba, Venezuela, Syria, Iran, Russia and North Korea from owning property near military installations and infrastructure such as power plants and airports.

Persons: Ashley Moody, Bethany Li, Li, Ron DeSantis Organizations: Circuit, Appeals, Republican, Constitution, Asian American Legal Defense, Education Fund, Republican Gov, Chinese Communist Party Locations: Miami , Florida, U.S, Florida, Atlanta, Texas , Louisiana, Alabama, China, Cuba, Venezuela, Syria, Iran, Russia, North Korea

☆ We won't meddle in the 2024 election, China's Xi Jinping told Biden: report
▼ + stars: | 2024-02-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +2 min

Chinese leader Xi Jinping promised President Joe Biden in a brief in-person exchange in November that Beijing would stay out of the 2024 US election, CNN reported. AdvertisementBiden was the one who broached the subject with Xi, one of the sources told CNN. Foreign election interference has increasingly been in the spotlight in the US, especially in the wake of the Russian hacking controversy in the 2016 election. We oppose making China an issue based on election politics," the Chinese Foreign Ministry told CNN when asked for comment. AdvertisementAt the time, China's Foreign Ministry called the accusations "groundless and fabricated out of thin air."

Persons: Xi Jinping, Joe Biden, Xi, Biden, Wang Yi, Jake Sullivan, Sullivan, Wang Wenbin Organizations: CNN, Economic Cooperation, Chinese, White House National, Foreign Ministry, Foreign, Ministry Locations: Beijing, Asia, San Francisco, China, Bangkok, United States, Iran, Russia, Cuba

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