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☆ Lixinsha Bridge, Guangzhou: Deadly boat crash snaps bridge in half in southern China
▼ + stars: | 2024-02-22 | by ( Chris Lau | ) edition.cnn.com time to read: 1 min

Hong Kong CNN —At least two people were killed and a crew member was injured on Thursday when a cargo ship rammed into a bridge in southern China, cutting the structure in half, according to Chinese authorities. Dramatic photographs of the aftermath circulating on Chinese social media showed the bridge split in two with the large stricken ship stationary under the structure. Police vessels were also seen at the scene. As of 10 a.m, two people were pulled to safety and three others remain missing, Chinese state news outlet the People’s Daily reported. A rescue operation is ongoing, it said.

Organizations: Hong Kong CNN, Police Locations: Hong Kong, China, Guangzhou, Guangzhou Nansha District

☆ China's not-so-special economic zone embodies a harsh new reality
▼ + stars: | 2023-11-16 | by ( David Kirton | ) www.reuters.com time to read: +9 min

REUTERS/David Kirton Acquire Licensing RightsSHENZHEN, China, Nov 16 (Reuters) - Tony Xiong is among the latest arrivals to the glitzy office towers in the newest part of Shenzhen, built to showcase China's economic miracle. Office workers are not the only ones grumbling about the unattractiveness of Qianhai, a special economic zone where Chinese dreams of global financial might and economic prosperity that once seemed inevitable are now darkened by half-empty skyscrapers and shopping malls as well as barely used motorways. And that's before China's tallest skyscraper of over 1,000 metres and a cluster of other towers are completed. With China entering a new era of sluggish growth, Qianhai may never reach the international status to which it aspires. The Qianhai Authority and China's State Council Information Office did not respond to Reuters requests for comment on the local and macro economic challenges.

Persons: David Kirton, Tony Xiong, Qianhai, Knight Frank, Antonio Fatas, Deng Xiaoping's, Xi Jinping, Xi, Zhiwu Chen, incentivised, Witman Hung, I've, Brian Miller, Klaus Zenkel, it's, Bill Deng, Zhang, James Pomfret, Marius Zaharia, David Crawshaw Organizations: REUTERS, Rights, Reuters, Authority, Communist Party, University of Hong, Qianhai Authority, HSBC, UBS, Standard Chartered, Chamber of Commerce, Greater, Thomson Locations: Shenzhen, Guangdong province, China, Rights SHENZHEN, Hong Kong, Beijing, Shanghai, China's, Qianhai, University of Hong Kong, Guangzhou, Hengqin, Macau, Nansha, South China, Greater Bay Area, . Hong Kong

☆ Philippines accuses Chinese vessels of firing water cannon on ships resupplying South China Sea military outpost
▼ + stars: | 2023-11-10 | by ( Kathleen Magramo | Larry Register | ) edition.cnn.com time to read: +3 min

CNN —Manila accused Chinese ships of firing water cannons and making “dangerous maneuvers” toward Philippine vessels resupplying a remote military outpost on Friday, in the latest of a string of incidents between the two countries in the disputed South China Sea. The Philippines also claimed that vessels belonging to a Chinese maritime militia were involved in the harassment and that two Philippine boats were subjected to “reckless” and “dangerous” harassment by inflatable boats belonging to the Chinese coast guard. That claim is hotly disputed by China and the two countries have been involved in increasingly frequent run-ins in the highly contested waterway. The Philippine Embassy in Beijing has protested to the Chinese Foreign Ministry over the latest incident. The South China Sea is widely seen as a potential flashpoint for global conflict.

Persons: Thomas, Thomas Shoal, Beijing –, Gan Yu, Philippines “, Shoal, “, China’s, ” Organizations: CNN, BRP, BRP Sierra Madre, US Navy, ”, Philippine Embassy, Chinese Foreign Ministry Locations: Manila, China, Chinese, “, BRP Sierra, Philippines, Beijing, China’s Nansha, Philippine, Spratly, South China

☆ China's truck industry is buying more driver-assist technology
▼ + stars: | 2023-11-08 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Huanqiu.com | Visual China Group | Getty ImagesBEIJING — China's truck industry is finding more reasons to buy vehicles with assisted-driving technology. The companies trying to sell trucks to fleet operators are including driver-assist tech as a way to make the vehicles more attractive, Gui said. In addition, Chinese authorities require all newly manufactured trucks since 2022 to come with basic driver-assist tech for warning against forward collision and lane departure, Gui said. The startup claims its trucks cost about 5% less than traditional options, on top of safety and environmental benefits. PlatooningOther startups are testing out different forms of driver-assist trucks in China.

Persons: Gui Lingfeng, Gui, Julian Ma Inceptio, Inceptio, Julian Ma, That's, Ma, Didi, Junqing Wei Organizations: Visual China, Getty, BEIJING, Kearney, it's, Industry, SF Holdings, CNBC's East Tech West Locations: Shanghai, China, Tianjin, Beijing, Inner Mongolia, Nansha, Guangzhou

☆ 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

☆ U.S. chip export ban is 'great news,' says partner at Chinese tech investment fund
▼ + stars: | 2023-10-23 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

A partner at a Chinese semiconductor investment fund has welcomed the U.S. government's ban of certain advanced chip types to be exported to China, describing the move as "great news" which may stimulate a domestic ecosystem. Nvidia's H100 chip, used by AI firms in the U.S., was banned for sale in earlier U.S. government restrictions. Wang said the fund invests in semiconductor companies, including those in the AI training and autonomous vehicle sectors. One AI chip company Yang Cheng has invested in will launch its initial public offering this year, while a Shanghai-based AI chip firm is valued at more than $3 billion, Wang added, though she didn't name the firms. "We believe those kind of upstream chipmakers — they will drive, or they will play the leading role in China, and they will create their own ecosystem," Wang added.

Persons: Chloe Wang, Yang Cheng, Wang, Nvidia Organizations: U.S, CNBC's East Tech West, U.S . Department of Commerce Locations: China, Guangzhou, Nansha, U.S, Shanghai

Hong Kong CNN —China and the Philippines on Sunday accused each other of causing collisions in a disputed area of the South China Sea, the latest in a string of maritime confrontations between the two countries that have heightened regional tensions. In a statement Sunday, the Chinese Coast Guard accused the Philippines of violating international marine law and threatening the navigation safety of Chinese ships. In 2016, an international tribunal in The Hague ruled in favor of the Philippines in a landmark maritime dispute, which concluded that China has no legal basis to claim historic rights to the bulk of the South China Sea. In September, the Philippine Coast Guard released video of a Filipino diver cutting a Chinese-installed floating barrier in a disputed area of the waterway that had prevented Filipino boats from entering. It came just days after after the Philippine Coast Guard accused China’s maritime militia of turning vast patches of coral near the Palawan island chain into a bleached and broken wasteland.

Persons: Thomas, “, Thomas Shoal Organizations: Hong Kong CNN, Coast Guard, National Task Force, West Philippine, BRP, Chinese Coast Guard, Philippine Coast Guard Locations: Hong Kong, China, Philippines, South China, Philippine, Ayungin, Spratly, BRP Sierra Madre, Manila, Beijing, China’s, The Hague, Palawan

☆ Chinese listings overseas getting complicated despite growing interest, says NYSE's Ge
▼ + stars: | 2023-10-21 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

Traders work during the IPO for Chinese ride-hailing company Didi Global Inc on the New York Stock Exchange (NYSE) floor in New York City, U.S., June 30, 2021. There is strong appetite among Chinese companies to list on U.S. stock exchanges, but these IPOs have become a more complicated process, according to Kobe Ge, the head of China at the New York Stock Exchange. But they're not so familiar with the procedures, which have proved to be more challenging of late, he added. "Previously, listing in the U.S. was relatively easy," Ge said, noting it would take just four-and-a-half or five months for Chinese firms to complete a U.S. IPO. Amid a tepid U.S. IPO market, the handful of Chinese names that have been able to list this year have mostly been smaller companies.

Persons: Kobe Ge, they're, Ge Organizations: Global Inc, New York Stock Exchange, CNBC's East Tech West, CNBC, China Securities Regulatory Commission Locations: New York City, U.S, Kobe, China, Covid, Nansha, Guangzhou, Hong Kong

☆ A 'revolution' is coming: CEO shares the challenges and opportunities in autonomous trucking
▼ + stars: | 2023-10-19 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +1 min

The CEO of a firm focused on autonomous trucking believes huge change is coming to the sector — with humans and technology working hand in hand to transform the way goods are delivered. Wei said KargoBot was incubated by the Chinese ride-sharing powerhouse Didi for the past three years. KargoBot, he said, already has more than 100 autonomous driving trucks on the road, mainly on routes in Inner Mongolia, northern China. "They have been automatically driving and also, they are delivering goods, they are actually doing commercial operations already." The logistics market, Wei said, is worth more than $1 trillion, with KargoBot focusing on the delivery of raw material for manufacturers and factories.

Persons: Junqing Wei, Wei, KargoBot, Didi Organizations: CNBC's East Tech West Locations: Nansha, Guangzhou, China, Inner Mongolia

☆ 'No question' that the decarbonization of shipping will contribute to inflation, says industry CEO
▼ + stars: | 2023-10-18 | by ( Lucy Handley | ) www.cnbc.com time to read: +1 min

The cost of decarbonizing the shipping industry will have a knock-on effect on consumers, according to a CEO in the maritime industry. "There will be an inflationary impact coming from [the] decarbonization of shipping … there is no question of it," Bertrand Chen, CEO of the Global Shipping Business Network, told CNBC's East Tech West conference in the Nansha district of Guangzhou, China. New European rules that effectively tax shipping lines for their emissions would push up costs, Chen added. The European Union's Emissions Trading System (ETS) is set to be extended to the shipping industry starting in January 2024, meaning that large ships entering EU ports will be charged for their carbon dioxide emissions. Chen described the EU initiative as "a natural action that will lead to some interesting effects."

Persons: Bertrand Chen, Chen Organizations: Global Shipping Business Network, CNBC's East Tech West, EU, ETS Locations: Nansha, Guangzhou, China, New

☆ Huawei spin-off Honor says ESG will play a big role in its IPO and is 'embedded' in its DNA
▼ + stars: | 2023-10-18 | by ( Anmar Frangoul | ) www.cnbc.com time to read: +3 min

"ESG is embedded into the company's DNA since ... day one," Martin Xu, who is corporate senior vice president at Honor, said Tuesday. Xu added that the business is focusing on a number of ESG-related areas, such as accessibility, environmental protection and transparent governance. ESG and IPOsHonor's Xu argued that ESG is inextricably linked to how his company functions and the business is certainly looking to make moves in the space. Among other things, this year saw Honor publish its first ESG Report, and it has also pledged that its operations will be carbon neutral by 2045. We have to focus on the R&D but link … all these factors with the company's ESG methodology," Xu said.

Persons: Martin Xu, Xu, Honor's Xu, ESG Organizations: CNBC's East Tech West, Huawei, Shenzhen Zhixin, Technology Co, Environmental Locations: ESG, Nansha, Guangzhou, China, Shenzhen

☆ China condemns Philippine re-supply mission to disputed atoll
▼ + stars: | 2023-10-05 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Erik De Castro/File Photo Acquire Licensing RightsBEIJING/MANILA, Oct 5 (Reuters) - China has condemned a mission by four Philippine ships to re-supply Philippine troops on a disputed South China Sea atoll, saying the vessels had entered its waters in the Spratly Islands without its permission. "Philippine supply ships and two coast guard ships entered the waters ... in China's Nansha Islands without permission from the Chinese government," China Coast Guard spokesperson Gan Yu said a post on its website, using China's name for the Spratly Islands. The atoll in the area is known as Ayungin in the Philippines, while China calls it the Renai Reef. read moreThe Philippine National Security Council (NSC) said its re-supply and rotation mission was completed despite attempts by a significant number of China Coast Guard and Chinese Maritime Militia to "harass and interfere" with it. China claims sovereignty over almost the entire South China Sea, pointing to a line on its maps that cuts into the exclusive economic zones of Vietnam, the Philippines, Malaysia, Brunei and Indonesia.

Persons: Thomas Shoal, Erik De Castro, Ferdinand Marcos Jr, Gan Yu, Thomas, Philippe, Ryan Woo, Karen Lema, Engen Tham, Kaiwen Xu, Robert Birsel Organizations: BRP, BRP Sierra Madre, Philippine Navy, REUTERS, Rights, China Coast Guard, Philippine National Security Council, Chinese Maritime Militia, Thomson Locations: BRP Sierra, Philippine, Spratly, South, Rights BEIJING, MANILA, China, Philippines, South China, China's Nansha, Palawan, United States, Manila, Vietnam, Malaysia, Brunei, Indonesia

☆ South China Sea tensions are flaring between the Philippines and China. Here's why it matters for the world
▼ + stars: | 2023-09-29 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +10 min

Over the past two decades, China has occupied a number of obscure reefs and atolls far from its shoreline across the South China Sea, building up military installations, including runways and ports. Video Ad Feedback Why it matters who owns the seas (April 2021) 03:48 - Source: CNNWhy does the South China Sea matter? The South China Sea is home to hundreds of largely uninhabited islands and coral atolls and diverse wildlife at risk from climate change and marine pollution. The US is not a claimant to the South China Sea, but says the waters are crucial to its national interest of guaranteeing freedom of the seas worldwide. Marcos has strengthened US relations that had frayed under his predecessor, with the two allies touting potential future joint patrols in the South China Sea.

Persons: It’s, China’s, Defense Lindsey Ford, ”, Stringer, Ferdinand “ Bongbong ” Marcos Jr, Jay Batongbacal, “, Marcos Jr, Rodrigo Duterte, Marcos, Gregory Poling Organizations: Hong Kong CNN —, Navy, CNN, US Energy Information Agency, Communist Party, United, US Navy, Defense, Asia, Washington -, Strategic, International Studies, Ford, Spratly Islands, University of the, Philippine Coast Guard, China’s Ministry of Foreign Affairs, Transparency, Philippines Mutual Defense Locations: Hong Kong, South China, China, Beijing, Philippines, United States, South, The Philippines, Malaysia, Vietnam, Brunei, Taiwan, The Hague, Manila, Scarborough, Spratly, People’s Republic of China, Washington, Philippine, University of the Philippines, Asia

☆ South China Sea: Philippines accuses Chinese maritime militia of destroying coral reefs near Palawan
▼ + stars: | 2023-09-22 | by ( Kathleen Magramo | ) edition.cnn.com time to read: +11 min

Philippine Coast Guard/FacebookTarriela said between August 9 and September 11, the coast guard monitored 33 Chinese vessels within the vicinity of Rozul Reef and around 15 Chinese ships near Escoda Shoal. The UP Marine Science Institute found vibrant corals in the Rozul (Iroquios) Reef in the South China Sea in May 2021. At least two foreign ambassadors in Manila have expressed alarm over reports of destruction of marine resources in the South China Sea. The grounded Philippine navy ship Sierra Madre, which Manila uses to stake its territorial claims at Second Thomas Shoal in the Spratly Islands in the disputed South China Sea, as pictured on April 23, 2023. Under current President Ferdinand Marcos Jr., the country’s National Security Team began to publicize its findings about what was actually happening in the West Philippine Sea and the South China Sea more regularly, Powell said.

Persons: Jay Tarriela, ” Tarriela, Facebook Tarriela, Tarriela, Mao Ning, “, ”, Gerry Arances, Arances, Ray Powell, SeaLight, Powell, Philippines MaryKay Carlson, Kazuhiko Koshikawa, Rodrigo Duterte, Shoal, Ted Aljibe, Thomas Shoal, Ferdinand Marcos Jr Organizations: CNN, Philippine Coast Guard, Chinese Maritime Militia, Facebook, Philippine, Spratly Islands, Philippine coastguard, University of, Philippines Marine Science Institute, country’s National Security Council, Scientific, UP Marine Science Institute, Marine Science, CNN Philippines, Center for Energy, coastguard, National Security, Stanford University, The, United, Philippine Department of Foreign Affairs, Asia, Transparency Initiative, BRP, BRP Sierra Madre, National Security Team, West Philippine, South China Locations: South, Philippines, China, Sabina, South China, Palawan, Beijing, Philippine, Rozul, Escoda Shoal, ” Beijing, China’s, Malaysia, Brunei, Taiwan, The Hague, West Philippine, United States, Indonesia, Vietnam, The Philippines, Manila, Sierra, Spratly, AFP, BRP Sierra, Sierra Madre, West

CNN —The Philippines has accused Chinese vessels of carrying out “dangerous maneuvers” in a disputed area of the South China Sea in the latest maritime flare-up between the two neighbors. It claimed the Chinese boats “jeopardized” the safety of the crew members aboard the Philippine vessels, but did not detail how. It claimed the incident had involved four Chinese coast guard vessels and four Chinese “maritime militia” boats. Western marine security experts believe Beijing controls a maritime militia hundreds of vessels strong that acts as an unofficial – and officially deniable – force to push its territorial claims both in the South China Sea and beyond. In response to the latest confrontation, the Chinese coast guard issued a statement on Friday, accusing the Philippines of unauthorized entry into the area.

Persons: Thomas, “, Thomas Shoal, Ferdinand Marcos Jr Organizations: CNN, BRP, BRP Sierra Madre, Court Locations: Philippines, South, Philippine, Ayungin, China, Spratly, Beijing, Thomas Shoal . China, Malaysia, Brunei, Taiwan, Manila, BRP Sierra, China’s Nansha, Hague, South China

Images from the Philippine Coast Guard also showed the Chinese ship moving dangerously close in front of the Philippine Coast Guard vessels as they escorted the resupply boats. Manila’s claims are backed by the international Permanent Court of Arbitration in the Hague, which ruled in 2016 that China has no legal basis to claim historic rights to the bulk of the South China Sea. “Two Filipino supply vessels and two coast guard vessels illegally intruded into the waters adjacent to Renai Reef in China’s Nansha Islands,” Gan Yu, spokesman for the China Coast Guard, said according to the statement published on its website Sunday. Gan reasserted Chinese territorial claims on the islands and the South China Sea and vowed to continue law-enforcement activity within the region. And on Monday, China’s coast guard, in a statement, accused Manila of trying to “permanently occupy” Chinese sovereign territory.

Persons: Thomas, Renai, Matthew Miller, Ottawa “ unreservedly, Ferdinand Marcos Jr, Thomas Shoal, Collin Koh, ”, Koh, Philippine Sen, Alan Peter Cayetano, Gan Yu, Gan, Jeffrey Ordaniel, Blake Herzinger, Lloyd Austin, Gilberto Teodoro Jr, Jonathan Malaya, ” Koh, Ordaniel Organizations: CNN, Coast Guard, Philippine Coast Guard, South China, Philippines Mutual Defense, US State Department, Canadian Embassy, Ottawa, Chinese Coast Guard, Philippines Coast Guard Philippine, Philippine Foreign Ministry, BRP, BRP Sierra Madre, Court, Rajaratnam, of International Studies, CNN Philippines, China Coast Guard, Facebook, Pacific Forum, Tokyo International University, United States Studies Center, US, Philippine, Monday’s, National Security Council Locations: China, Philippine, South, United States, Philippines, Washington, Manila, Australia, Japan, Germany, South China, Beijing, Malaysia, Brunei, Taiwan, BRP Sierra, Hague, Singapore, China’s Nansha, China’s, “, Malaya

CNN —The Philippines has accused Chinese Coast Guard ships of firing water cannons and making “dangerous maneuvers” at its ships in the South China Sea. “(China) has no lawful claim to the maritime area around Second Thomas Shoal,” it said in a statement published on Saturday. One of the world’s most contested regionsThe South China Sea has long been a source of tension between Manila and Beijing. Beijing claims “indisputable sovereignty” over almost all of the 1.3 million square mile South China Sea, as well as most of the islands within it. Relations were strained in December when Manila expressed “great concern” about the presence of Chinese vessels in the contested waterway.

Persons: Thomas, Second Thomas, Thomas Shoal, Xi Jinping, Ferdinand Marcos Jr Organizations: CNN, Coast Guard, Philippine Coast Guard, US State Department, BRP, BRP Sierra Madre, Philippine Locations: Philippines, South China, China, Ayungin, Spratly, Second, Manila, Beijing, Malaysia, Brunei, Taiwan, Philippine, BRP Sierra

☆ Fact Check-Photo shows China’s Nansha bridge, not Nigeria
▼ + stars: | 2023-07-26 | by ( Reuters Fact Check | ) www.reuters.com time to read: +1 min

A photo of a bridge in Guangdong, China is circulating on social media with a false caption that it shows a new bridge in Nigeria called Anioma. One post sharing the image here wrote: “The Anioma bridge in Delta State opened June 2023. Cost: $700m, raised from securitization of 10% gas pipeline revenues to a 75 year bond.”The photo, however, shows the Nansha bridge in China’s Guangdong Province. Articles about the bridge, opened in 2019 and previously called The Second Humen Bridge, can be seen here, here and here . The photo shows the Nansha Bridge in Guangdong, China, not a bridge in Nigeria.

Persons: Read Organizations: Delta State, Reuters Locations: Guangdong, China, Nigeria, Delta, securitization, China’s Guangdong Province, ”

☆ China's latest addition to its disputed South China Sea outpost: a hot pot restaurant
▼ + stars: | 2023-05-03 | by ( Laura Zhou | South China Morning Post | ) www.businessinsider.com time to read: +4 min

The restaurant opened in late April and can seat 120 at once, the local government says. Woody Island, known as Yongxing in China, is the largest outcrop in the group of about 30 islands making up the Paracels. The government, headquartered on Woody Island, administers both the Paracels and the also hotly contested Spratly island chain, which China calls the Nansha Islands. A satellite photo of Woody Island in March 2018. The centre is also seen as a way to demonstrate Beijing's sovereignty in the region by linking underwater artefacts from the South China Sea — "an important section of the Maritime Silk Road" — to Chinese cultural heritage.

☆ Chinese air force bombers show off their growing reach with a long-range drill over the South China Sea
▼ + stars: | 2023-02-20 | by ( Kristin Huang | South China Morning Post | ) www.businessinsider.com time to read: +5 min

Chinese H-6K bomber patrolling over islands and reefs in the South China Sea. "Probably, the fighter aircraft [was] deployed from the bases on the artificial islands in the Spratly Islands to support simulated strikes in the South China Sea. "The early warning aircraft can help monitor potential threats in the air, most notably enemy fighter aircraft that may try to shoot down the bomber. The early warning aircraft can also help coordinate activities among the different planes. Although the drill showed the enhanced ability of the Chinese air force, the bomber's capability boosted the threat already posed to US military forces by only a little, Heath said.

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