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☆ Strained Chinese cities struggle to pay home buying subsidies
▼ + stars: | 2024-04-30 | by ( ) www.cnbc.com time to read: +2 min

Chinese cities have promised subsidies and other incentives to prop up the ailing property sector but have failed to deliver, frustrating potential homebuyers. The 30-year-old now pays 6,000 yuan of her 8,000 monthly salary on the mortgage for the 1.1 million yuan apartment and another 1,800 yuan to rent another one, relying on her parents for other basic expenses. Weifang, with a population of more than 9 million and an economy larger than Croatia's, and dozens of other Chinese cities, have promised subsidies and other incentives to homebuyers to prop up the ailing property sector. But the real estate downturn also affects the ability of cities to lease land to developers, a key revenue source. This meant some local governments were unable to raise funds to pay the promised subsidies, frustrating buyers and casting doubts over future support measures.

Persons: Amy Wang, Wang, Christopher Beddor, Gavekal Organizations: People's, Communist Party Locations: Hangzhou city, Zhejiang province, China, Weifang, Shangqiu

☆ Biden's former chief of staff says the president spends too much time 'talking about bridges'
▼ + stars: | 2024-04-10 | by ( Madison Hall | ) www.businessinsider.com time to read: +3 min

Biden's former chief of staff said the president is focusing too much on infrastructure. Klain said he thinks Biden should address issues more affecting voters, like rising grocery costs. AdvertisementDemocratic President Joe Biden's former White House chief of staff said he thinks the president is spending too much time publicly highlighting his infrastructure wins in office instead of addressing economic issues that impact voters. "I think the president is out there too much talking about bridges," Klain said. Related storiesHe said he thinks Biden should focus more on issues directly affecting people's daily lives, like the cost of groceries.

Persons: Biden's, Ron Klain, Klain, Biden, —, Joe Biden's, he's, Barack Obama's, He's, Francis Scott Key, they've Organizations: Service, Democratic, White House, Biden, Politico, Republicans Locations: Baltimore

☆ China unveiled new dragon-themed drillers that it hopes will build the world's 'longest undersea high-speed railway tunnel'
▼ + stars: | 2024-02-27 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

China just showed off its second dragon-themed tunneller, which it said will drill an undersea railway. It's touted by China as the world's longest undersea high-speed railway tunnel. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementChina's state-run railway giant on Monday revealed the second of its dragon-themed tunnel-boring machines for what it says is the longest undersea rail channel in the world. The Yongzhou machine, unveiled at China Railway Construction's Changsha facility, was given a "Dragon of Fortune" paint coat to commemorate the Year of the Dragon, per state media The People's Daily.

Persons: — Organizations: Service, China, Business Locations: China, Japan, Changsha

☆ Travis Kelce had to move house after he started dating Taylor Swift because fans were gathering outside, his brother Jason Kelce says
▼ + stars: | 2024-02-14 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +2 min

Read previewTravis Kelce had to move house after he began dating Taylor Swift due to safety concerns, his brother and fellow football star Jason Kelce said. Travis Kelce and Swift began dating in July 2023 after h saide on their podcast, "New Heights with Jason and Travis Kelce," that he was interested in meeting the pop singer and giving her his number. Jason Kelce told Monday's episode of "The Big Podcast with Shaq" that his brother had to move after he started dating Swift, because fans began gathering around his house. Advertisement"We've always been big in the football world," Jason Kelce said. In November 2023, Travis Kelce told The Wall Street Journal about coping with his newfound fame from dating Swift.

Persons: —, Travis Kelce, Taylor Swift, Jason Kelce, Swift, Jason, Travis, Travis Kelce's, didn't, I've, I'm Organizations: Service, Travis Kelce's Kansas City Chiefs, Business, Wall Street Locations: Travis Kelce's

☆ Travis Kelce had to move after he started dating Taylor Swift because fans were gathering outside his house, Jason Kelce says
▼ + stars: | 2024-02-14 | by ( Ayomikun Adekaiyero | ) www.businessinsider.com time to read: +3 min

Read previewTravis Kelce had to move after he began dating Taylor Swift because of safety concerns, said Jason Kelce, his brother and fellow football star. Travis Kelce and Swift began dating in July 2023 after he said on the brothers' podcast, "New Heights with Jason and Travis Kelce," that he was interested in meeting the pop singer and giving her his number. The Taylor world and the pop-culture world, that's a whole different level," Jason Kelce said, adding: "It's a new demographic that wasn't there before." AdvertisementIn November, Travis Kelce told The Wall Street Journal about coping with his newfound fame from dating Swift. "Obviously I've never dated anyone with that kind of aura about them… I've never dealt with it," Travis Kelce said.

Persons: —, Travis Kelce, Taylor Swift, Jason Kelce, Swift, Jason, Travis, Travis Kelce's, Kelce, didn't, We've, Taylor, I've, … I've, I'm Organizations: Service, Travis Kelce's Kansas City Chiefs, Business, Wall Street Locations: Travis Kelce's

☆ Angry Chinese people are using a US embassy social-media page to dodge censors and vent about its slumping economy
▼ + stars: | 2024-02-05 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

Advertisement"The US government, please help Chinese stock investors," one person wrote in a repost of the Weibo article, according to CNN. Some commenters used humor and sarcasm to get around the country's strict social media restrictions. China has one of the world's most censored media industries, with digital news and social media use heavily restricted throughout the country. Some social media platforms, such as Facebook and Instagram, are prohibited and the government monitors social media platforms that are allowed, such as Weibo. Meanwhile, top officials have publicly spoken about the importance of elevating the "bright prospects of China's economy," according to the Journal.

Persons: — Organizations: Service, Reuters, Bloomberg, CNN, People's Daily, Facebook, The New York Times, Street Journal, China's Ministry of State Security Locations: Weibo, Africa, China, Hong, Beijing

☆ 5 supplements for PCOS an ObGyn recommends to her patients
▼ + stars: | 2024-01-25 | by ( Serafina Kenny | ) www.businessinsider.com time to read: +5 min

Read previewAn ObGyn shared the supplements that she recommends to her patients to ease the symptoms of polycystic ovarian syndrome . People with PCOS may have small cysts on their ovaries, irregular periods, insulin resistance , excess hair growth, and infertility. Which supplements are most appropriate depends on the PCOS symptoms a patient has, she said. Inositol supplements are thought to restore the correct ratio of inositols in the body, helping to reverse some of the signs and symptoms of PCOS. Haydanek said that recent studies have suggested that inositol is as effective in treating insulin resistance in PCOS patients as metformin, the "current gold standard."

Persons: —, Fran Haydanek, Haydanek, ovulatory, PCOS, Spearmint, spearmint Organizations: Service, Business, PCOS, Rochester Regional Health, Cleveland Clinic, Research Locations: New York

☆ Dozens Missing in Landslide in Southwest China's Yunnan Province
▼ + stars: | 2024-01-21 | by ( Jan. | At P.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - A landslide in a city in the northeast of China's Yunnan province has left at least 47 people unaccounted for and rescue operations were currently underway, Chinese state media said on Monday. At about 5:51 a.m. (2151 GMT), a landslide hit the city of Zhaotong and local government officials launched a disaster relief emergency response, the People's Daily reported. It's not clear what caused the landslide. Yunnan, in southwest China, is among several provinces in the country's southern region currently experiencing a cold wave and bitter temperatures near or below freezing, according to the National Meteorological Centre. (Reporting by Bernard Orr and Qiaoyi Li; Editing by Christian Schmollinger)

Persons: Bernard Orr, Qiaoyi Li, Christian Schmollinger Organizations: National Meteorological Centre Locations: BEIJING, China's Yunnan, Zhaotong, Yunnan, China

☆ A celebrity chef is getting canceled for making a video about egg fried rice close to the 63rd death anniversary of Mao Zedong's son
▼ + stars: | 2023-12-01 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

A Chinese celebrity chef is facing backlash over an egg fried rice tutorial he posted on Monday. Nationalists believe egg fried rice is a reference to an unconfirmed story of how Mao Anying died. Per the story, he stole eggs from the camp's supplies and cooked himself egg fried rice in broad daylight — a violation of army rules at the time. Critics of the Mao regime post photos of egg fried rice or make a point to eat the dish on this day. "Do ordinary folk eating egg fried rice have to skip a day?"

Persons: Wang Gang, Mao Zedong's, Mao Anying, —, Wang, influencer, Mao Organizations: Communist, Service, Communist Party, China Digital Times, Daily, Wang Locations: China, Weibo, Korea, North Korea, Jiangsu, Nanchang, US

☆ Wild price inflation and a blocky design: Elon Musk's $60,990 Cybertruck is a totally ludicrous idea
▼ + stars: | 2023-12-01 | by ( Hasan Chowdhury | ) www.businessinsider.com time to read: +5 min

Tesla's Cybertruck still makes no sense. Elon Musk livestreamed a delivery event for the pickup truck on Thursday. How it makes sense for Tesla, Elon Musk, or people's daily commutes is still anyone's guess. On its website, Tesla describes the vehicle as being "built for any planet," thanks to its durable and rugged design. "The truck looks absolutely awful.

Persons: Tesla's, Elon Musk, —, Musk, 04EfaB01Fb — Jon Erlichman, Gun, I've, Gene Munster, Morgan Stanley, Tesla Organizations: Service, Texas, Porsche, Plaid, CNBC Locations: Texas, Wyoming

Eventually, China wants the schemes to be integrated into national emissions trading and generate credits that can offset emissions by industrial polluters, government plans show. PERSONAL CARBON TRADINGChina's carbon inclusion ambitions have been in gestation since 2015, when the southeastern province of Guangdong published rules on how to convert low-carbon activity into credits. Guangdong also allows enterprises to meet 10% of carbon reduction obligations through carbon inclusion credits. And there are worries the carbon inclusion schemes could let industrial polluters off the hook by shifting the burden of emission cuts to households. China climate official Su Wei told local media the green transformation of China would "inevitably involve profound changes in people's daily habits and consumption patterns", but he said carbon inclusion schemes would remain voluntary.

Persons: David Kirton, China's, Xie Zhenhua, Banks, Benjamin Sovacool, Li, Zhang Xin, people's, Yaqiu Wang, Su Wei, David Stanway, Sonali Paul Organizations: REUTERS, China, Communist, China Academy of Sciences, People's Bank of, Boston University, Environmental Studies, New, Thomson Locations: Pingshan district, Shenzhen, Guangdong province, China, SHENZHEN, Dubai, Guangdong, People's Bank of China, Quzhou, Finland, British, Singapore, New York, Shanghai, Beijing

☆ Analysis-China Turns to Households in Fight to Slash Carbon Emissions
▼ + stars: | 2023-11-26 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +7 min

Eventually, China wants the schemes to be integrated into national emissions trading and generate credits that can offset emissions by industrial polluters, government plans show. PERSONAL CARBON TRADINGChina's carbon inclusion ambitions have been in gestation since 2015, when the southeastern province of Guangdong published rules on how to convert low-carbon activity into credits. Other countries have toyed with the idea of personal carbon trading, with pilot schemes set up in Finland and Australia's Norfolk Island. Guangdong also allows enterprises to meet 10% of carbon reduction obligations through carbon inclusion credits. And there are worries the carbon inclusion schemes could let industrial polluters off the hook by shifting the burden of emission cuts to households.

Persons: David Stanway, David Kirton, China's, Xie Zhenhua, Banks, Benjamin Sovacool, Li, Zhang Xin, people's, Yaqiu Wang, Su Wei, Sonali Paul Organizations: Communist, China Academy of Sciences, People's Bank of, Boston University, Environmental Studies, New Locations: China, Shenzhen, Dubai, Guangdong, People's Bank of China, Quzhou, Finland, British, Singapore, New York, Shanghai, Beijing

☆ So many kids are falling sick in China that a children's hospital said it saw 13,000 cases in a single day
▼ + stars: | 2023-11-23 | by ( Matthew Loh | Kim Schewitz | ) www.businessinsider.com time to read: +6 min

Northern China is struggling with a wave of respiratory illnesses among its children. Cities like Beijing and Tianjin have been hit hard by cases of flu and pneumonia, hospitals said. Children wait on the stairs at a children hospital in Beijing on November 23, 2023, with some administered with drips. "All the children have respiratory illnesses." Children receive a drip at a children hospital in Beijing on November 23, 2023.

Persons: —, Liu Wei, Liu, imploring, JADE GAO, Mi Feng, they're, It's, JADE GAOJADE, Hu Xijin, Hu, David Heymann, Francois Balloux Organizations: Service, Beijing Aviation General, Management, drips, Getty, Changjiang, Health, Business, Global Times, Health Organization, London School of Hygiene, Tropical Medicine, UCL Genetics Institute Locations: Northern China, Cities, Beijing, Tianjin, China, Tianjian, Wuhan, Hubei, Chongqing, Weibo

☆ How to use your Apple Watch to calculate the tip and split a check at a restaurant
▼ + stars: | 2023-11-13 | by ( Jake Piazza | In | ) www.cnbc.com time to read: 1 min

Your Apple Watch can help you calculate the tip and split a check at a restaurant with just a few taps. The feature is built right into the calculator app, and all you need to do is enter the amount of the check, the percentage you want to tip and the number of people with whom you'd like to split the bill. It's just a small example of how Apple works to make the Apple Watch ingrained into people's daily routines. Apple's wearable revenue, which includes the watch and AirPods, was its third-highest selling category behind the iPhone and Services in its most recent earnings, generating $9.32 billion in sales. Give this a try the next time you're at a restaurant and don't want to do the mental math of splitting between a big group.

Persons: It's Organizations: Apple, Services

☆ Foxconn founder Terry Gou lies low in Taiwan election as China tax probe reverberates
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +6 min

[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".

Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China

☆ The cofounder of Google's AI division DeepMind says everybody will have their own AI-powered 'chief of staff' over the next five years
▼ + stars: | 2023-09-05 | by ( Aaron Mok | ) www.businessinsider.com time to read: +4 min

Mustafa Suleyman, cofounder of Google's DeepMind, says we'll have AI assistants within five yearsThe AI pioneer predicts AI will boost productivity and 'intimately know your personal information.' His thoughts come as many flock to OpenAI's ChatGPT to help with their jobs and improve their lives. Mustafa Suleyman, the co-founder of DeepMind, Google's AI division, told CNBC during an interview that everybody is going to have their own AI-powered personal assistants within the next five years as the technology becomes cheaper and more widespread. Some consider a chief of staff a right-hand person to the boss — and that's what an AI version could be. Suleyman's thoughts on AI come as users find novel ways to integrate generative AI technologies like OpenAI's ChatGPT into their lives.

Persons: Mustafa Suleyman, Google's DeepMind, ChatGPT, DeepMind, Suleyman, people's, —, Suleyman didn't, Suleyman isn't, Bill Gates, Tim Cook, it's Organizations: Service, CNBC, Power, Harvard Business, Microsoft, Apple Locations: Wall, Silicon

Terry Gou, Foxconn founder announces his bid for the Taiwan presidency during a press event in Taipei, Taiwan August 28, 2023. Before he announced his bid to run as an independent on Monday, Gou had sought the KMT ticket for the presidency but failed. But his direct language, along with his business acumen, has drawn crowds in pseudo-campaign events across Taiwan that Gou held in the run-up to his announcement. He showed me how to use the touch screen on the spot," Gou said in 2011 about his relationship with Jobs. Gou told Trump he wanted to be a peacemaker between Taiwan, China and the U.S. as Taiwan's president.

Persons: Terry Gou, Ann Wang, Taiwan's Terry Gou, Democratic Progressive Party's, Gou, Sung Wen, APPLE Gou, Foxconn, Steve Jobs, Jobs, reverentially, Xi Jinping, Donald Trump, Trump, Ben Blanchard, Yimou Lee, Sarah Wu, Raju Gopalakrishnan Organizations: REUTERS, Rights, Apple Inc, Foxconn, Democratic Progressive, DPP, Kuomintang, KMT, Taiwan People's Party, National University's Taiwan Studies, APPLE, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Apple, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Beijing, Shanxi, Guangdong, People's Republic of China

☆ Heavy rains, floods inundate China; Hunan province sees record rain, thousands evacuated
▼ + stars: | 2023-08-28 | by ( ) www.reuters.com time to read: +2 min

More than three thousand people were evacuated in northwestern Hunan province over the weekend as heavy rain was unleashed on Sangzhi, Shimen and Yongshun counties, and Zhangjiajie City, according to state media. It was the most extensive and widespread rain in Sangzhi since 1998, CCTV said. China has been gripped by weeks of rains and floods amid an unusually wet summer. In late July, storms from Typhoon Dokusri caused record rains to hit China in over a decade, with Beijing experiencing its heaviest rainfall in 140 years. There is also uncertainty over Typhoon Saola's path, said China Meteorological Administration, but it will bring heavy rainfall in the coastal areas including Fujian and Zhejiang provinces from Wednesday to Friday.

Persons: Sangzhi, Dokusri, Saola, Bernard Orr, Ethan Wang, Michael Perry Organizations: China Central Television, Beijing, Flood, Drought, Ministry of Emergency Management, China Meteorological Administration, Thomson Locations: BEIJING, Hunan, Yongshun, Zhangjiajie City, Sangzhi, China, Guangdong, China's, Fujian, Zhejiang

☆ Remote workers are falling behind in one major way: They're forgetting how to hang out with people
▼ + stars: | 2023-08-20 | by ( Juliana Kaplan | ) www.businessinsider.com time to read: +8 min

But, unlike the Great Recession, there's been no rebound in chatting with each other even as more workers return to the office. All of a sudden, life and work could happen on their own terms, and where they wanted it. And some people may not want to socialize, or can't lead a social life the way they had before COVID, whether due to illness or other factors, such as increased susceptibility to disease. While quiet time and working from home might be a boon for work life, there's still the challenge of fitting socializing around it. "Now, on a Thursday I'm more likely to see people like a couple coming in and they're splitting their entrée."

Persons: hasn't, We're, Griffin Leeds, There's, I've, there's, haven't, Yvette Sheline, Emily Hessney Lynch, Lynch, It's, —, Sheline, it's, I'm Organizations: Service, Bureau of Labor Statistics, Center, Neuromodulation, University of Pennsylvania, Survey, Leeds Locations: Wall, Silicon, Brooklyn

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang

☆ Most of what we've heard about the yuan dethroning the dollar is from the West. Here's what China's actually said about it.
▼ + stars: | 2023-07-31 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

China wants the yuan to play a bigger global role but hasn't called for it to replace the dollar. China wants to make the yuan the global currency," The Washington Post reported in May. Meanwhile, the Chinese currency is in fourth place, after the Japanese yen. In April this year, Xi again raised China's goal of yuan internationalization in Qiushi magazine, a Chinese Communist Party journal. In Qiushi, Xi said that China was committed to promoting yuan internationalization "in an orderly manner."

Persons: Xi Jinping, Niall Ferguson, hasn't, dollarization, China's, Rory Green, Xi, SWIFT, Liqing Zhang, Zhang Organizations: Service, NPR, Washington Post, Stanford, CNBC, European Central Bank, Communist, TS Lombard, Communist Party, Green, Central Bank of, Media, Communist Party's, Daily, Chinese Communist Party, Securities Times, Central University of Finance, Economics Locations: China, Wall, Silicon, Beijing, Russia, London, Xinhua

[1/2] U.S. Special Presidential Envoy for Climate John Kerry shakes hands with his Chinese counterpart Xie Zhenhua before a meeting in Beijing, China July 17, 2023. REUTERS/Valerie Volcovici/File PhotoBEIJING/SINGAPORE, July 20 (Reuters) - Climate talks this week between China and the United States were buoyed by goodwill, but the world's two biggest carbon polluters achieved more on righting their diplomatic relationship than battling climate change. Kerry said China agreed that a target to keep global temperatures rises within 1.5 Celsius of pre-industrial levels should remain "alive". Kerry and Xie focussed on progress headed toward COP28, the annual U.N. climate summit in November. Questions remain about the longer term, should political winds shift in the United States or the two diplomats leave their posts.

Persons: John Kerry, Xie Zhenhua, Valerie Volcovici, Kerry, Nancy Pelosi, Antony Blinken, Janet Yellen, Li Shuo, Li, Xie, Ma Jun, Ma, Premier Li Qiang, Wang Yi, David Stanway, William Mallard Organizations: REUTERS, Democratic, GOOD AS IT, China, Greenpeace, Institute of Environment, Public Affairs, Communist Party, Daily, Thomson Locations: Beijing, China, BEIJING, SINGAPORE, United States, Washington, U.S, Taiwan, Kerry, Paris, COP28, America, Premier, Dubai

☆ 'Hell of a job': Biden's reaction and 5 other takeaways from Blinken's trip to China
▼ + stars: | 2023-06-20 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

Leah Millis | Afp | Getty ImagesU.S. President Joe Biden said Secretary of State Antony Blinken "did a hell of a job" in Beijing. His comments came after Blinken's high-profile diplomatic mission to China, aimed at soothing strained ties with Beijing. In a surprise meeting, Blinken met Chinese President Xi Jinping for a 35-minute meeting toward the end of his two-day visit. He is the highest-level American official to visit China in nearly five years. Here are other takeaways from Blinken's trip to China:Progress madeBiden wasn't the only one who saw progress in the talks.

Persons: Antony Blinken, Xi Jinping, Leah Millis, Joe Biden, Biden, Blinken, Wang Yi, Qin Gang, Xi, Blinken's, Qin, Mark Hannah, Hannah, Bonnie Gasler, Gasler, Wang, Robert Daly, Wilson, Daly, Taiwan Blinken, CNBC's Organizations: of, People, Afp, Getty, Beijing, U.S, U.S . State Department, State Department, Eurasia Group Foundation, CNBC, German Marshall Fund, Tech, China, Institute, East China, Taiwan, Taiwan Relations Locations: Beijing, China, U.S, Bali, Washington, Taiwan, South, East

☆ China's Xi meets Bill Gates, calls him 'an old friend'
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +4 min

In a post on his personal blog, Gates said he and Xi had discussed global health and development challenges such as health inequity and climate change. Gates stepped down from Microsoft's board in 2020 to focus on philanthropy in the fields of global health, education and climate change. In early 2020, Xi wrote to Gates thanking him and the Bill & Melinda Gates Foundation for pledging assistance to China, including $5 million for its fight against COVID-19. Apart from meeting Xi, Gates gave a speech at the Global Health Drug Discovery Institute about the need to use technology to solve global health challenges during his visit. The Bill & Melinda Gates Foundation and the Beijing municipal government, which founded the institute with Tsinghua University, also pledged to each provide $50 million to bolster the institute's drug discovery capacity.

Persons: Xi's, Gates, Xi, Xi Jinping, Bill Gates, We've, Melinda Gates, Antony Blinken, Blinken, Qin Gang, Qin, Hong Kong Newsrooms, Brenda Goh, Christopher Cushing, Edwina Gibbs, Philippa Fletcher Organizations: Microsoft, Melinda Gates Foundation, COVID, U.S, Daily, Global Health Drug Discovery Institute, Tsinghua University, Thomson Locations: China, BEIJING, United States, Xi's, American, U.S, Beijing, Hainan province, Hong Kong

☆ China's Xi tells Bill Gates he hopes US-China friendship will continue
▼ + stars: | 2023-06-16 | by ( ) www.reuters.com time to read: +4 min

I place my hopes on the American people," a video published by state broadcaster CCTV showed Xi as saying." The last reported meeting between Xi and Gates was in 2015, when they met on the sidelines of the Boao forum in Hainan province. In early 2020, Xi wrote a letter to Gates thanking him and the Bill & Melinda Gates Foundation for pledging assistance to China, including $5 million for the country's fight against COVID-19. Apart from meeting Xi, Gates has given a speech at the Global Health Drug Discovery Institute about the need to use technology to solve global health challenges during his visit. The Bill & Melinda Gates Foundation and Beijing municipal government, which founded the institute with Tsinghua University, also pledged to each provide $50 million to bolster the institute's drug discovery capacity.

Persons: Xi's, Gates, Xi Jinping, Bill Gates, Xi, We've, couldn't, Melinda Gates, Antony Blinken, Blinken, Qin Gang, Qin, Christopher Cushing, Edwina Gibbs, Philippa Fletcher Organizations: Microsoft, Reuters, Melinda Gates Foundation, COVID, U.S, Daily, Global Health Drug Discovery Institute, Tsinghua University, Beijing, Thomson Locations: China, BEIJING, United States, American, Beijing, Hainan province, U.S

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