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China Plans to Appoint a New Central-Bank Governor
  + stars: | 2023-07-01 | by ( Keith Zhai | ) www.wsj.com   time to read: 1 min
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/china-plans-to-appoint-a-new-central-bank-governor-56a878ea
Persons: Dow Jones, 56a878ea
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/china-plans-to-appoint-a-new-central-bank-governor-56a878ea
Persons: Dow Jones, 56a878ea
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/xi-jinping-to-meet-blinken-monday-as-u-s-china-resume-high-level-engagement-c898f541
Persons: Dow Jones, c898f541
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-stimulus-pivot-is-prompted-by-fears-slowing-growth-could-worsen-5d35d34
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/chinas-stimulus-pivot-is-prompted-by-fears-slowing-growth-could-worsen-5d35d34
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/china-cuts-rates-to-prop-up-flagging-recovery-6fe3ec72
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/court-papers-open-rare-window-into-role-of-graft-in-chinas-overseas-lending-69f7ab81
Persons: Dow Jones
This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-and-china-prepare-for-possible-blinken-visit-to-beijing-2173d40d
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This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/u-s-and-china-trade-barbs-as-warships-have-close-encounter-in-taiwan-strait-7a91abb2
Persons: Dow Jones Locations: taiwan
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Photo Composite: Diana ChanIn speaking with Ukrainian President Volodymyr Zelensky , Chinese leader Xi Jinping addressed two problems in his country’s increasingly tense relationship with Europe. The first was a short-term mess created by China’s ambassador to France, Lu Shaye , who seemed to question the sovereignty of Ukraine and other countries formerly under Soviet rule. The second was a longer-term question of how much Mr. Xi’s closeness with Russian President Vladimir Putin has hurt its credibility in a bloc that China has long courted—and that has moved decidedly closer to the U.S. over the past year.
In sentencing Xu Zhiyong, left, and Ding Jiaxi, the Chinese government is silencing two of the most influential critics of its approach to law. SINGAPORE—A Chinese court sentenced two of the country’s most prominent human-rights activists to prison terms of more than a decade each for subversion, slamming the door on an era of activism that briefly carved out space for liberal values in the authoritarian country. Xu Zhiyong was sentenced to 14 years in prison and fellow lawyer Ding Jiaxi was sentenced to 12 years on Monday by the Linshu County Court in eastern China’s Shandong province, said Mr. Ding’s wife, Luo Shengchun, citing information from their lawyers. Messrs. Xu and Ding had earlier been found guilty in a secret trial in Linshu in June, she said.
RIYADH, Saudi Arabia—Saudi Arabia and Iran agreed to restore flights between their countries and resume government and private-sector visits, after their top diplomats met in Beijing on Thursday as a thaw begins in one of the Middle East’s thorniest rivalries. The summit comes weeks after the two governments agreed to re-establish diplomatic relations in a deal brokered by China, which ended seven years of estrangement and jolted the geopolitics of this oil-rich region.
China is dispatching anticorruption enforcers abroad to chase down fugitives and recover stolen assets, a new extension of Beijing’s international reach aimed at strengthening Chinese leader Xi Jinping ’s crackdown on graft. The Communist Party’s top antigraft body and other government offices tasked with tackling corruption have begun stationing officials in some Chinese embassies, where they would coordinate with foreign authorities on law-enforcement matters, among other duties, according to people familiar with the plan.
China is dispatching anticorruption enforcers abroad to chase down fugitives and recover stolen assets, a new extension of Beijing’s international reach aimed at strengthening Chinese leader Xi Jinping ’s crackdown on graft. The Communist Party’s top antigraft body and other government offices tasked with tackling corruption have begun stationing officials in some Chinese embassies, where they would coordinate with foreign authorities on law-enforcement matters, among other duties, according to people familiar with the plan.
Chinese tech billionaire Jack Ma has kept a low profile since November 2020. Jack Ma , Alibaba Group Holding Ltd.’s billionaire co-founder, has returned to mainland China after spending roughly a year overseas, according to people familiar with the matter. Mr. Ma’s travels have been the subject of intense scrutiny as China’s leadership seeks to regain the confidence of entrepreneurs following years of regulatory clampdowns and Covid-19 pandemic measures that battered the country’s private businesses. The tech titan’s extensive time abroad was interpreted by some in the business world as evidence that uncertainty still clouded the tech sector.
Delegates applauding as Chinese leader Xi Jinping, left, arrives at the closing ceremony for China’s National People’s Congress in Beijing on Monday. China’s Communist Party unveiled a broad overhaul strengthening its role in managing finance, social affairs and technological development, as part of leader Xi Jinping ’s efforts to entrench his brand of top-down rule. A lengthy directive published by state media on Thursday evening outlined the creation of new party agencies and the restructuring of some existing bodies—changes that reinforced the party’s dominance over the government bureaucracy in policy-making. The directive said the shake-up is aimed at improving the party’s ability to govern and exercise “centralized and unified leadership.”
China’s Xi to Speak to Zelensky, Meet Next Week With Putin
  + stars: | 2023-03-13 | by ( Keith Zhai | ) www.wsj.com   time to read: 1 min
SINGAPORE—Chinese leader Xi Jinping plans to speak with Ukrainian President Volodymyr Zelensky for the first time since the start of the Ukraine war, likely after he visits Moscow next week to meet with Russian President Vladimir Putin, according to people familiar with the matter. The meetings with Messrs. Putin and Zelensky, the latter of which is expected to take place virtually, reflect Beijing’s effort to play a more active role in mediating an end to the war in Ukraine, some of the people said.
Chinese Premier Li Qiang takes on the job at a challenging time. China’s new premier pledged to shore up growth and restore business confidence in the world’s second-largest economy, seeking to assure the world that Beijing can overcome domestic difficulties and diplomatic tensions that have buffeted his country in recent months. Li Qiang, at his first press briefing in his new government role, acknowledged China won’t find it easy to meet its relatively conservative target of expanding gross domestic product by about 5% this year, as the government focuses on delivering stable prices, creating jobs and supplying ample housing.
Yi Gang is expected to extend his leadership of the central bank for a few months to provide continuity during a period of transition. SINGAPORE—China’s legislature voted Sunday to retain Yi Gang as governor of the central bank, the People’s Bank of China, delaying a move to hand over the post in the midst of a restructuring of the financial regulatory system. The retention of Mr. Yi, 65 years old, comes as Chinese leader Xi Jinping overhauls the country’s financial bodies, taking away some functions from the central bank.
Li Qiang is set to be confirmed as premier by China’s legislature on Saturday. China’s incoming premier, Li Qiang, is showing he is more than the mere loyalist to Chinese leader Xi Jinping that many expected him to be. Since rising to No. 2 in the Communist Party hierarchy last fall, Mr. Li has played leading roles in freeing China from zero-Covid and refocusing the government on economic growth, according to people familiar with the matter. Those moves have kindled cautious optimism among entrepreneurs, investors and political analysts that he may be able to exert a moderating influence on his boss, Mr. Xi.
Chinese leader Xi Jinping secured an unprecedented third term as his country’s head of state, completing a transition into the second decade of his rule as he seeks to reassert himself as a global statesman and navigate an increasingly fractious rivalry with the U.S.Mr. Xi is set to become China’s longest serving head of state since the Communist victory in 1949 after the country’s rubber-stamp legislature formally vested him with another five years as president on Friday. His reappointment, approved unanimously by more than 2,900 lawmakers assembled in Beijing, had been considered a formality after the 69-year-old took a norm-breaking third term as Communist Party chief last fall.
Chinese President Xi Jinping, center, and other leaders attend the opening session of China’s National People’s Congress in Beijing Sunday. In rare direct criticism of Washington, Chinese leader Xi Jinping blamed what he termed a U.S.-led campaign to contain China for worsening the troubles and global uncertainties that his country has faced over the past five years. “Western countries—led by the U.S.—have implemented all-round containment, encirclement and suppression against us, bringing unprecedentedly severe challenges to our country’s development,” Mr. Xi was quoted by state media as saying on Monday.
China to Create New Top Regulator for Data Governance
  + stars: | 2023-03-06 | by ( Keith Zhai | ) www.wsj.com   time to read: 1 min
The plan to establish the data-governance agency is expected to be discussed and approved at the National People’s Congress. SINGAPORE—China is set to create a new government agency to centralize the management of the country’s vast stores of data, as Beijing seeks to address data-security practices by businesses and streamline its regulatory structure. The new national data bureau is set to become the top Chinese regulator on various data-related issues, people familiar with the matter said, in a shift from the current structure in which multiple ministries share oversight.
Late last year, Chinese leader Xi Jinping confronted a wave of protests in cities across the country decrying his zero-tolerance Covid-19 controls—a rare rebuke of his centralization of power that included, in some cases, calls for him to step down. Three months later, he is pressing to further concentrate Communist Party control.
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