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☆ 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

☆ The U.S. wants ByteDance to sell TikTok. China is almost certainly going to refuse
▼ + stars: | 2024-03-14 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Visitors are visiting TikTok's stand at the Appliance & Electronics World Expo (AWE) in Shanghai, China, on April 27, 2023. CostFoto | Nurphoto | Getty ImagesThe U.S. could be about to force ByteDance, the Chinese tech giant that owns TikTok, to divest its U.S. business or effectively ban the app. But a sale looks unlikely — not least because China is expected to block it. Last year, the U.S. Committee on Foreign Investment in the United States (CFIUS) told ByteDance to divest TikTok or face a ban. TikTok algorithm at the centerWhat complicates a sale further is TikTok's algorithm.

Persons: ByteDance, Paul Triolo, Albright Stonebridge, CNBC's, Wang Wenbin, Shu Jueting, CFIUS, China's Shu, Triolo, Richard Windsor Organizations: Appliance, Electronics, Nurphoto, Senate, Washington, Lawmakers, Chinese Communist Party, TikTok's, China's Ministry of Foreign Affairs, NBC, U.S ., Foreign Investment, China's Ministry of Commerce, Radio Free Mobile, TikTok Locations: Shanghai, China, United States, TikTok, U.S, ByteDance, TikTok USA, USA

☆ Taiwan's presidential election is a three-way race. These are the parties vying to replace Tsai Ing-Wen.
▼ + stars: | 2023-11-27 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Candidates from the more established Kuomintang and the smaller Taiwan People's Party could not agree on the leader for a combined ticket. Taiwan's president and vice president are directly elected, serve one term of four years and may be re-elected for one additional term. Taiwan's elections kick off a year that is littered with numerous elections globally at a time of heightened geopolitical tensions as two major wars rage on. The outcome of Taiwan's elections will likely go some way in influencing testy U.S.-China ties and impact security in Asia-Pacific more broadly. These are the three parties contesting Taiwan's Jan. 13 polls to elect a new president.

Persons: Foxconn, Joe Biden's, bookends, Xi Jinping, Biden, Nancy Pelosi, Taiwan's Jan Organizations: Democratic Progressive Party, Apple, Taiwan People's Party, U.S, China's Ministry of Foreign Affairs, APEC, Taiwan, ., Taiwan's Locations: China, Kuomintang, Taiwan, Taiwan Strait, Beijing, Asia, Pacific, San Francisco

☆ Apple expressed concerns to Chinese officials over foreign app restrictions, report says
▼ + stars: | 2023-09-29 | by ( Ashley Capoot | ) www.cnbc.com time to read: +1 min

Apple expressed concern to Chinese officials in recent months over new rules that would ban unregistered foreign apps from its App Store, according to a report from The Wall Street Journal. The new rules would prevent Apple from offering many of the apps that are currently available in the store in China. Apple has not shared anything about the new rules publicly, and the company did not immediately respond to CNBC's request for comment. China's Ministry of Foreign Affairs said the country had not issued bans on the purchase or use of Apple's iPhones. Watch: China tightens leash on app stores, Apple yet to comply

Organizations: Apple, Wall Street, Facebook, China's Ministry of Industry, Information Technology, Street Journal, China's Ministry of Foreign Affairs Locations: China

☆ Son of jailed tycoon Jimmy Lai says it's in Hong Kong's interest to free him
▼ + stars: | 2023-09-27 | by ( Gabrielle Tétrault-Farber | ) www.reuters.com time to read: +3 min

Sebastien Lai, son of Hong Kong media tycoon Jimmy Lai, holds a sign calling for the release of his father on the sidelines of the United Nations Human Rights Council in Geneva, Switzerland, September 27, 2023. Sebastien Lai, who was in Geneva to take part in a British-organised event on media freedom in Hong Kong, has not seen his 75-year-old father in three years. This week he marked his 1,000th day in a Hong Kong prison on charges related to a law on national security that Beijing imposed on Hong Kong in 2020 after months of anti-government protests. He fears," Sebastien Lai said. Reporting by Gabrielle Tétrault-Farber in Geneva; Additional reporting by Farah Master in Hong Kong; Editing by Andrea RicciOur Standards: The Thomson Reuters Trust Principles.

Persons: Sebastien Lai, Jimmy Lai, Gabrielle Tetrault, Farber, he's, Xi Jinping, Rebecca Vincent, Gabrielle Tétrault, Farah Master, Andrea Ricci Organizations: United Nations Human Rights, REUTERS, Rights, Apple Daily, China's Communist Party, China's Ministry of Foreign Affairs, Hong, Thomson Locations: Hong Kong, Geneva, Switzerland, British, Beijing, United Kingdom, United States, China

Hundreds of people lined up at a flagship Apple store in Beijing to pick up the new iPhone 15 when deliveries began on Friday. As of 10 a.m. Beijing time on Friday, iPhone 15 sales via JD 's Dada one-hour delivery app surged by 253% versus that of the iPhone 14 last year, Dada said. Zhao said he was planning to upgrade from his Huawei device to buy the iPhone 15 Pro Max, which has a list price of 9,999 yuan ($1,370). Strong iPhone 15 pre-salesApples' iPhone 15 pre-sales in China pointed to robust demand. Counterpoint Research's most optimistic outlook for Apple in China predicts a 4% year-on-year decline in Apple iPhone shipments in the fourth quarter.

Persons: Evelyn Cheng, JD, Dada, Zhao, he'd, China Zhao, Will Wong, Alibaba's Tmall, Pro Max, Tarun Pathak Organizations: Apple, CNBC, Huawei, Street Journal, Bloomberg, China's Ministry of Foreign Affairs, IDC Apple, Pro, IDC, Counterpoint Technology Market Research Locations: Beijing, Evelyn Cheng BEIJING, China, Sanlitun, Shanghai, Hangzhou, Americas

☆ Huawei's chip breakthrough poses new threat to Apple in China — and questions for Washington
▼ + stars: | 2023-09-19 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +7 min

There is no Chinese company that can do what TSMC does. Along with Huawei, SMIC is on a U.S. trade blacklist called the Entity List. The 7nm process is seen as highly-advanced in the world of semiconductors, even though it is not the latest technology. While SMIC is able to create 7nm chips, it's unclear how efficient, profitable and sustainable that is on a bigger scale. While the yield of SMIC's 7nm process for Huawei chips is not known, it is "probably low," Kotasthane said.

Persons: Aly Song, Donald Trump, shockwaves, SMIC, Dan Hutcheson, Kotasthane Organizations: Apple, Reuters Apple, Huawei, China's, Chinese Communist Party, U.S ., Samsung, Taiwan Semiconductor Manufacturing Co, SMIC, 5G, CNBC, Takshashila, The U.S . Department of Commerce, Street, China's Ministry of Foreign Affairs, U.S Locations: Shanghai, China, U.S, Washington, . U.S, The

☆ Elon Musk was rebuked by Taiwan after appearing to defend the one-China policy: 'Listen up, Taiwan is not for sale'
▼ + stars: | 2023-09-14 | by ( Pete Syme | ) www.businessinsider.com time to read: +3 min

Elon Musk compared Taiwan to Hawaii, suggesting it was "an integral part of China." The Tesla CEO met with China's foreign minister during a trip to the country in May. During a virtual appearance at the All-In Summit while onboard his private jet, Musk explained how Beijing's "policy has been to reunite Taiwan with China." AdvertisementAdvertisementElon Musk met with Chinese Foreign Minister Qin Gang in May. "If one is to take China's policy recently, and probably one should, then force will be used to incorporate Taiwan into China," he added.

Persons: Elon Musk, Elon, Musk, Joseph Wu, Hope @elonmusk Organizations: Service, US Pacific Fleet, CCP, 外交部 Ministry of Foreign Affairs, ROC Locations: Taiwan, Hawaii, China, Wall, Silicon, Russia

☆ China denies any iPhone ban for government staffers. Here's our take on why Apple stock isn't popping
▼ + stars: | 2023-09-13 | by ( Morgan Chittum | ) www.cnbc.com time to read: +4 min

AAPL YTD mountain Apple (AAPL) year-to-date performance Many analysts on Wall Street echoed our sentiments, with Credit Suisse calling the recent market reaction "overblown." Jim forecasted Wednesday that Apple stock will likely go higher over the next three months, as consumers begin to trade in their older Apple devices for the company's new offerings. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. Jim waits 45 minutes after sending a trade alert before buying or selling a stock in his charitable trust's portfolio. Customers line up to enter an Apple store as iPhone 14 series go on sale on September 16, 2022 in Shanghai, China.

Persons: Jim Cramer, Jim, Jim Cramer's Organizations: Wednesday, Apple, Club, China's Ministry of Foreign Affairs, Street, Credit Suisse, Huawei, CNBC, Visual China, Getty Locations: China, Shanghai

☆ China unexpectedly cancels top EU diplomat's Beijing visit
▼ + stars: | 2023-07-05 | by ( Jenni Reid | ) www.cnbc.com time to read: +1 min

High Representative for Foreign Affairs Josep Borrell was due to meet Chinese Foreign Minister Qin Gang, pictured on May 23, 2023 in Beijing, China. High Representative for Foreign Affairs Josep Borrell was initially due to visit Beijing in April for the annual EU-China strategic dialogue with Chinese Foreign Minister Qin Gang, but that was delayed after Borrell tested positive for Covid-19. On Wednesday, an EU foreign affairs spokesperson confirmed to CNBC that Borrell's team had been told by their Chinese counterparts the new dates of July 10-11 were no longer possible and an alternative would need to be found. CNBC has contacted China's Ministry of Foreign Affairs for comment. The cancellation, or possible postponement, comes ahead of a scheduled visit to Beijing by U.S. Treasury Secretary Janet Yellen on Thursday.

Persons: Foreign Affairs Josep Borrell, Qin Gang, Thomas Peter, Borrell, Wang Wenbin, China's, Janet Yellen Organizations: Foreign Affairs, Foreign, High, CNBC, China's Ministry of Foreign Affairs, U.S, Treasury, Monday Locations: Beijing, China, EU, Ukraine

☆ Biden labels Chinese President Xi a dictator
▼ + stars: | 2023-06-21 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

U. S. President Joe Biden calls Chinese President Xi Jinping a dictator in comments on Tuesday at a California fundraiser for his re-election campaign. U.S. President Joe Biden referred to Chinese President Xi Jinping as a dictator in comments underscoring the tricky balance of managing ties with an assertive global rival while appealing to domestic audiences as he seeks re-election. Biden's comment at a Tuesday fundraiser comes just a day after Secretary of State Antony Blinken wrapped up his first official visit to Beijing. China's Ministry of Foreign Affairs could not be immediately reached for comment when contacted by CNBC. In the ministry's regular press conference Wednesday, spokesperson Mao Ning said Biden's comment seriously violated China's political dignity and amounted to public political provocation, according to a Reuters report.

Persons: Joe Biden, Xi Jinping, Antony Blinken, —, Biden, Mao Ning Organizations: China's Ministry of Foreign Affairs, CNBC Locations: California, Beijing, China, South Carolina, Kentfield , California

HONG KONG, June 16 (Reuters) - China's Ministry of Foreign Affairs in Hong Kong said resolutions passed by the European Parliament on Thursday related to the Chinese controlled territory were a "despicable act" and "trampled" on the principles of international law. The European Parliament's resolution titled "The deterioration of fundamental freedoms in Hong Kong, notably the case of Jimmy Lai" urged Hong Kong's government to release and drop charges against the pro-democracy tycoon and other activists. It also called for the European Council to introduce "targeted sanctions" against city leader John Lee and other officials "responsible for the ongoing crackdown on human rights in Hong Kong". Government officials in Beijing and Hong Kong say that the law only targets a small number of "troublemakers" who threaten national security and that the rights and freedoms of ordinary Hong Kong people are protected. Lai, who is in prison, is facing four charges under the security law and a colonial era sedition law.

Persons: Jimmy Lai, Hong, John Lee, Lee, Lai, Lai's, Sebastien, Farah Master, Jessie Pang, Anne Marie Roantree, Gerry Doyle Organizations: China's Ministry of Foreign Affairs, European Council, United, Government, National Security Law, Thomson Locations: HONG KONG, Hong Kong, United States, Beijing, China

☆ Blinken to fly to Beijing for high-stakes diplomacy after spy balloon saga
▼ + stars: | 2023-06-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +6 min

U.S. Secretary of State Antony Blinken boards his plane for travel to Berlin at Joint Base Andrews, Maryland, June 22, 2021. Andrew Harnik | Pool | ReutersBEIJING — U.S. Secretary of State Antony Blinken is set to travel to Beijing this weekend in his first trip to China under the Biden administration. watch now"And so I think that the administration's goals are, at this point unrealistic because of the way Beijing has framed its interest in its strategy." Its appearance had forced Blinken to indefinitely postpone his Beijing trip at the time. The U.S. recognizes Beijing as the sole government of China but maintains unofficial relations with Taiwan, a democratically self-governed island.

Persons: Antony Blinken, Andrew Harnik, Biden, Joe Biden, Xi Jinping, Scott Kennedy, Blinken, Matthew Miller, Drew Thompson, Lee, Thompson, they're, there's, TikTok, Kennedy, Jia Qingguo, Jia Organizations: Joint Base Andrews, Reuters, Reuters BEIJING —, U.S, Center for Strategic, International Studies, CNBC, U.S . Department of State, People's, U.S ., China's Ministry of Foreign Affairs, U.S . Defense Department, Lee Kuan Yew, of Public Policy, Congress, chipmaker Micron, Washington , D.C, Pacific Command, Peking University, Asia Vision Locations: Berlin, Joint Base Andrews , Maryland, Reuters BEIJING, Reuters BEIJING — U.S, Beijing, China, People's Republic of China, U.S, Singapore, Washington ,, Taiwan, South China, Taiwan Strait, Asia, Russian, Ukraine

☆ Microsoft's co-founder Bill Gates will reportedly meet China's Xi this week
▼ + stars: | 2023-06-15 | by ( Sheila Chiang | ) www.cnbc.com time to read: +2 min

Bill Gates, co-chairman of the Bill and Melinda Gates Foundation, during the EEI 2023 event in Austin, Texas, US, on Monday, June 12, 2023. Microsoft 's co-founder Bill Gates will be meeting Chinese President Xi Jinping on Friday, Reuters reported Wednesday citing two sources familiar with the matter. CNBC reached out to China's ministry of foreign affairs but did not hear back at the time of publication. They discussed views on enhancing public health service and poverty reduction, according to China's foreign ministry. In March, Cook met China's minister of commerce Wang Wentao to discuss China's reopening and broader supply chain issues.

Persons: Bill Gates, Melinda Gates, Xi Jinping, Gates, Antony Blinken, Qin Gang, Blinken, Tim Cook, Elon Musk —, Cook, China's, Wang Wentao, Musk, Ding Xuexiang Organizations: Melinda Gates Foundation, Microsoft, Reuters, CNBC, U.S, Foreign, U.S ., U.S . State Department, Apple, Tesla Locations: Austin , Texas, China, Hainan province, Beijing, U.S

Secretary of State Antony Blinken is expected to travel to China in the coming weeks for talks, two U.S. officials told NBC News on Tuesday. The news comes after a previously planned trip was postponed following the discovery of a Chinese spy balloon flying over the United States. U.S. officials did not provide additional details on the timing of Blinken's rescheduled trip, which was first reported by Bloomberg. President Joe Biden and Chinese President Xi Jinping previously met in November in Bali, Indonesia, where they agreed that Blinken would visit China to follow up on the discussions. A Chinese government representative defended its actions, saying Monday that "China always respects the right of navigation."

Persons: Antony Blinken, Blinken, Wang Yi, Ned Price, Joe Biden, Xi Jinping, John Kirby, Biden Organizations: American Israel Public Affairs, NBC, U.S, Bloomberg, ., State Department, China's Ministry of Foreign Affairs, National Security, U.S . Locations: Washington , DC, China, United States, . American, South Carolina, Singapore, Bali , Indonesia, Taiwan, Bali, American, Beijing

☆ Elon Musk visits China's commerce ministry
▼ + stars: | 2023-05-31 | by ( ) www.cnbc.com time to read: +1 min

Chinese State Councilor and Foreign Minister Qin Gang meets Tesla Chief Executive Officer Elon Musk in Beijing, China, in this handout image released by China's Ministry of Foreign Affairs May 30, 2023. Tesla CEO Elon Musk kicked off his second day in China with a visit to the country's commerce ministry on Wednesday morning. A day earlier, he met with Chinese Foreign Minister Qin Gang. Tesla and CATL did not respond to requests for comment on the meeting or on Musk's plans in China. He declined to comment at the hotel when questioned by reporters about the aim of his trip, Tesla's prospects in China and plans for Tesla's plant in Shanghai.

Persons: Qin, Elon, Elon Musk, Qin Gang, Zeng Yuqun, CATL, Musk, Tesla's, Grace Tao, Tom Zhu Organizations: Qin Gang, China's Ministry of Foreign, Foreign, CATL Locations: Beijing, China, Tesla's China, Shanghai, U.S

☆ Elon Musk: CEOs flock to China as risks to trade and investment rise
▼ + stars: | 2023-05-31 | by ( Michelle Toh | ) edition.cnn.com time to read: +8 min

To drum up business, Chinese leaders have urged foreign companies to invest more in the country, promising them an open and level playing field. “The interests of the United States and China are intertwined like conjoined twins,” he was quoted as saying by the foreign ministry. Over time, “there will be less trade” between China and the United States, Dimon predicted. The move was seen as retaliation for restrictions the United States has imposed on Chinese chipmakers. The interests of the United States and China are intertwined like conjoined twins.

Persons: Elon, Laxman, Jamie Dimon, Qin Gang, Tesla, Elon Musk, Musk, ”, Warren Buffett, Dimon’s, Dimon, That’s, Bain, “ who’s, ” Michael Hart, Ben Cavender, Nick Marro, Tim Cook, Cook, Marro, ‘, ” —, Sophie Jeong, Martha Zhou Organizations: Hong Kong CNN, Tesla, Starbucks, JPMorgan, Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered, Foreign, China's Ministry of Foreign Affairs, Reuters, China’s Foreign, Shanghai’s Communist Party, Bloomberg, Group, American Chamber of Commerce, CNN, British, of Commerce, China Market Research Group, US, Micron, Economist Intelligence Unit, “ Companies, China Development Forum Locations: Hong Kong, China, Beijing, United States, Shanghai, Taiwan, Washington, New York, American, Xinjiang

☆ 6 photos of Elon Musk's visit to China, from a 16-course dinner to meetings with Chinese officials
▼ + stars: | 2023-05-31 | by ( Grace Kay | ) www.businessinsider.com time to read: +5 min

Photos from the visit show Musk's private jet landing and the Tesla CEO's 16-course meal. Elon Musk touched down in China for the first time in three years on Tuesday — a key trip for the Tesla chief. Musk met with Chinese Foreign Minister Qin Gang. Musk is one of several US CEOs to visit China in recent months. Some analysts have hailed Musk's visit to China as a positive sign.

Persons: Elon Musk, Musk, Elon, Tingshu Wang, Ma, Jack Ma, Tom Zhu, Grace Tao, Qin Gang, Qin, he's, Zeng Yuqun, Fu Yan, Jin Zhuanglong, Tesla, CNBC's David Faber, Li Keqiang, Li Qiang, Dan Ives Organizations: Morning, Tesla, Twitter, REUTERS, Reuters, Tesla's, Beijing REUTERS, Chinese Ministry of Commerce, Foreign, China's Ministry of Foreign Affairs, Amperex Technology, Weibo, Associated Press, Apple, Getty Locations: China, Beijing, Austin , Texas, Anchorage , Alaska, People's Republic of China, Shanghai

☆ China sanctions U.S. Congress member for Taiwan visit
▼ + stars: | 2023-04-14 | by ( ) www.cnbc.com time to read: +2 min

China sanctioned a United States lawmaker Thursday for his visit to Taiwan, saying he violated the "One China" principle that says Beijing has sovereignty over the island. The mainland's ruling Communist Party says Taiwan, which split from the mainland in 1949 amid a civil war, must be reunited with China by force if necessary. It's one of several rounds of sanctions China announced as tensions build between Beijing and Washington. McCaul, R-Texas, visited Taiwan from April 6 to 8 to discuss weapons deals between the U.S. and Taiwan, shortly after the sensitive meeting that drew China's ire. McCaul, who chairs the House Foreign Affairs Committee, has been advocating for a hard-line stance against China and closer ties with Taiwan.

☆ Most Americans are not confident in how China's Xi will handle world affairs, Pew survey finds
▼ + stars: | 2023-04-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Meanwhile, Xi has consolidated his power in China and is seeking to to bolster China's global influence. It is unclear how aware Pew survey respondents were of such world events and developments. Economic cooperationU.S.-China cooperation on economic matters was one of two areas in which Pew survey respondents remained more optimistic. General pessimismPew survey respondents mostly did not see areas of potential cooperation between the U.S. and China. Certainly not the climate," the Pew report said, citing a 25-year-old unnamed woman who participated in a focus group.

☆ China's growing influence threatens to undermine global human rights, new research finds
▼ + stars: | 2023-03-30 | by ( Karen Gilchrist | ) www.cnbc.com time to read: +4 min

Campaigners stand opposite the Chinese embassy in London to protest human rights violations by the Chinese government against its Uyghur community. Mark Kerrison | In Pictures | Getty ImagesChina's growing global influence poses a serious threat to international human rights, according to a new report, which suggests that the United Nations Human Rights Council — the body established to safeguard such international protections — is failing to counter the risks. Beijing's increasingly active role in the international human rights system comes at a precarious period of global democratic deterioration. Sofia Nazalya senior human rights analyst at Verisk MaplecroftThe research, part of the firm's wider annual Human Rights Outlook, is based on quantitative data from sources including the U.N., the U.S. State Department and Human Rights Watch, as well as Verisk Maplecroft's internal qualitative analysis. More than half of members also ranked similarly poorly across the three other metrics the research deemed essential for upholding humanitarian protections: labor rights, human security and human development.

☆ China's Xi to go to Russia next week for his first visit since Putin ordered invasion of Ukraine
▼ + stars: | 2023-03-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

Russian President Vladimir Putin speaks to China's President Xi Jinping during the Shanghai Cooperation Organization leaders' summit in Samarkand on Sept. 16, 2022. BEIJING — Chinese President Xi Jinping is set to visit Russia from March 20 to 22, China's Ministry of Foreign Affairs announced Friday. This is Xi's first visit to Russia since the invasion of Ukraine in late February last year. The ministry said the visit was at Russian President Vladimir Putin's request. Beijing has refused to call Moscow's unprovoked attack on Ukraine an invasion.

☆ Analysis: Cash-strapped countries face IMF bailout delays as debt talks drag on
▼ + stars: | 2023-03-02 | by ( Jorgelina Do Rosario | ) www.reuters.com time to read: +7 min

IMF funding is often the sole financial lifeline available to countries in a debt crunch, and key to unlocking other financing sources, with delays putting pressure on government finances, companies and populations. Though staff agreements can be reached without financing assurances, the IMF board needs them to approve the programme. Chinese Premier Li Keqiang said on Wednesday the country is willing to "constructively" participate in solving debt problems of relevant countries under a multilateral framework. But Beijing has always emphasised all creditors should follow the principle of "joint action, fair burden" in debt settlements. Adding another layer of complexity to these debt talks, the Common Framework doesn't lay out precise rules on how a debt restructuring with bilateral creditors should work.

☆ Kenyan traders protest against Chinese competitor's cheap prices
▼ + stars: | 2023-02-28 | by ( Duncan Miriri | ) www.reuters.com time to read: +2 min

NAIROBI, Feb 28 (Reuters) - More than a thousand Kenyan traders protested in the capital Nairobi on Tuesday against a new Chinese-owned retail shop they accuse of undercutting them with ultra-low prices. Traders in Kenya and other rapidly growing economies in Africa have protested periodically against their Chinese competitors. China is Africa's top trading partner and more than 1 million Chinese are estimated to reside on the continent. Kenya's relationship with China was in focus during last year's presidential election, won by William Ruto. The Kenyan traders have been angered by a newly opened China Square retail shop on the outskirts of Nairobi, whose prices for everyday goods like curtains imported from China are on average 50% cheaper than those brought in by local traders.

☆ Reuters reporters' online accounts faked to approach China activists
▼ + stars: | 2023-02-28 | by ( James Pomfret | ) www.reuters.com time to read: +5 min

[1/3] The Chinese flag is seen across the Victoria Harbour during sunset, in Hong Kong, China October 12, 2022. The impersonator or impersonators were seeking information about a group linked to protests the same month against China's strict COVID-19 controls, according to screenshots and several accounts provided to Reuters. An Australia-based Chinese activist and dissident artist known as Badiucao first disclosed the impersonations on Saturday on Twitter. "Hello everyone," an imposter wrote in a Telegram chatroom, according to screenshots seen by Reuters that were provided by Badiucao. Telegram did not respond to Reuters requests for comment on the impersonations of the journalists' accounts on that platform.

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