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☆ What to Know About Xi Jinping’s Trip to Europe
▼ + stars: | 2024-05-06 | by ( Emma Bubola | ) www.nytimes.com time to read: +1 min

This week, for the first time in five years, President Xi Jinping of China will be visiting Europe, with stops in France, Serbia and Hungary. Mr. Xi will also encourage President Emmanuel Macron of France to pursue greater autonomy from the United States in a bid to weaken Washington’s global dominance. Here is what we know about Mr. Xi’s trip, which began Sunday. What is the significance of Mr. Xi’s itinerary? The three countries Mr. Xi will be visiting, experts say, to varying degrees embrace China’s push for a redefined global order.

Persons: Xi Jinping, Xi, Emmanuel Macron Organizations: European Union Locations: China, Europe, France, Serbia, Hungary, Russia, Ukraine, United States, Beijing

☆ China’s Chang’e-6 moon probe stands by for launch as space race with US heats up
▼ + stars: | 2024-05-02 | by ( Simone Mccarthy | Marc Stewart | ) edition.cnn.com time to read: +6 min

China’s planned 53-day mission would see the Chang’e-6 lander touch down in a gaping crater on the moon’s far side, which never faces Earth. China became the first and only country to land on the moon’s far side during its 2019 Chang’e-4 mission. Ambitious missionThe Chang’e-6 probe will be a key test for China’s space capabilities in its effort to realize leader Xi Jinping’s “eternal dream” of building the country into a space power. This time, to communicate with Earth from the moon’s far side, Chang’e-6 must rely on the Queqiao-2 satellite, launched into lunar orbit in March. This time, China has said the Chang’e-6 mission will carry scientific instruments or payloads from France, Italy, Pakistan and the European Space Agency.

Persons: China’s, “, Ge Ping, Xi Jinping’s, James Head, Luo Yunfei, Bill Nelson, –, ” Nelson Organizations: Hong Kong CNN, China, Space Administration’s, of Lunar Exploration, Space Engineering, Brown University, China News Service, Luna, NASA, European Space Agency Locations: China, Hong Kong, Hainan, United States, Russia, Chang’e, India, Japan, Texas, France, Italy, Pakistan

☆ Xi Jinping’s Green Leap Forward - The New York Times
▼ + stars: | 2024-04-19 | by ( Jacob Dreyer | ) www.nytimes.com time to read: +1 min

He has brushed aside Deng Xiaoping’s maxim “To get rich is glorious” in favor of centralized planning and Communist-sounding slogans like “ecological civilization” and “new, quality productive forces,” which have prompted predictions of the end of China’s economic miracle. In recent years, the transition away from fossil fuels has become Mr. Xi’s mantra and the common thread in China’s industrial policies. It’s yielding results: China is now the world’s leading manufacturer of climate-friendly technologies, such as solar panels, batteries and electric vehicles. Last year the energy transition was China’s single biggest driver of overall investment and economic growth, making it the first large economy to achieve that. This raises an important question for the United States and all of humanity: Is Mr. Xi right?

Persons: Jinping, Deng, Xi Locations: China, United States

☆ China Feels Boxed In by the U.S. but Has Few Ways to Push Back
▼ + stars: | 2024-04-12 | by ( David Pierson | Olivia Wang | ) www.nytimes.com time to read: +1 min

President Biden’s effort to build American security alliances in China’s backyard is likely to reinforce the Chinese leader Xi Jinping’s view that Washington is leading an all-out campaign of “containment, encirclement and suppression” of his country. And there is not much Mr. Xi can do about it. To China, Mr. Biden’s campaign looks nothing short of a reprise of the Cold War, when the world was split into opposing blocs. That pressure on China expanded Thursday when Mr. Biden hosted the leaders of Japan and the Philippines at the White House, marking the first-ever trilateral summit between the countries. American officials said the meeting was aimed at projecting a united front against China’s increasingly aggressive behavior against the Philippines in the South China Sea and against Japan in the East China Sea.

Persons: Biden’s, Xi, Biden, China’s, Camp David Organizations: U.S, White, Japan, Camp, Mr Locations: Washington, China, Beijing, Japan, Philippines, India, South, East, South Korea, Australia, Britain

☆ Dasu dam: Chinese workers killed in suicide bomb blast as Pakistan grapples with attacks on Beijing’s interests
▼ + stars: | 2024-03-27 | by ( Sophia Saifi | Nectar Gan | ) edition.cnn.com time to read: +4 min

Pakistani Prime Minister Shehbaz Sharif offered condolences for the death of the Chinese nationals during a visit Tuesday to the Chinese Embassy in Islamabad, where he met with Beijing’s ambassador. The blast Tuesday follows two militant attacks in recent days in southwest Pakistan, where China is investing billions in infrastructure projects. Half a year later, a separatist group attacked a luxury hotel in Gwadar, often used by Chinese nationals working at the port. In August last year, BLA militants opened fire on a Pakistani military convoy in Gwadar as it was escorting a delegation of Chinese nationals to a construction project. Two militants were killed and no harm was caused to any military personnel or civilians, according to the Pakistani military.

Persons: Muhammad Ali Gandapur, Xi, Tuesday’s, Shehbaz Sharif, Ishaq Dar, ”, “ Organizations: Islamabad CNN —, Beijing . Senior, Taliban, Foreign Ministry, Embassy, Beijing’s, Baloch Liberation, Pakistan Economic, Pakistan Stock Exchange Locations: Islamabad, Pakistan, Khyber Pakhtunkhwa, China, Afghanistan, restive, Balochistan, Gwadar, Beijing, Xinjiang, Karachi

☆ Chen Xuyuan: China sentences ex-soccer chief to life in prison in latest crackdown on sports corruption
▼ + stars: | 2024-03-26 | by ( Chris Lau | ) edition.cnn.com time to read: +3 min

The ex-soccer chief, Chen Xuyuan, was jailed on Tuesday alongside multiple senior sporting executives, according to state media, following a months-long investigation. Five years later, the Chinese soccer association unveiled a plan to make the country a “world football superpower” by 2050. The Chinese men’s soccer team currently sits third in its FIFA World Cup qualify group, with four points, behind group leader South Korea, and second placed Thailand. Last Thursday, the team drew 2-2 with city-state Singapore, in a major blow to the country’s World Cup 2026 dream. The two sides face off again, on Tuesday, in what is being billed as a crunch match for underperforming China.

Persons: Chen Xuyuan, Xi, Chen, Yu Hongchen, Li Tie, “, ”, Chen Yongliang, Yu, Dong Zheng Organizations: Hong Kong CNN, league, Chinese Super League, Winter, men’s, soccer, FIFA World, South Locations: Hong Kong, Chinese, Hubei, Huangshi, China, South Korea, Thailand, Singapore

☆ China is trying to connect Southeast Asia by high-speed rail. Here’s how that’s going
▼ + stars: | 2024-03-25 | by ( Heather Chen | ) edition.cnn.com time to read: +10 min

CNN —Imagine jumping on a train in southwestern China, traveling some 2,000 miles and arriving in Singapore – less than 30 hours later. Southeast Asia is the “obvious” choice because of its “proximity to China,” Bowerman adds. “Beijing, I think, ultimately wants to see Southeast Asian countries within its sphere of geopolitical influence. A staff member waits for passengers to board the Jakarta-Bandung high-speed train during a week-long public trial phase at the Halim station in Jakarta on September 17, 2023. “In the example of a high-speed railway line between Malaysia and Singapore, Singapore would likely have just one stop – Malaysia would have more,” Wong told CNN.

Persons: China’s, Gary Bowerman, ” Bowerman, ”, Pon Souvannaseng, Peerapon Boonyakiat, Bowerman, Pan Wenbo, Pan, Mei Wei, Wei, “ I’m, Xi Jinping’s, Souvannaseng, Hong Kong –, Hong Kong’s, Yasuyoshi Chiba, Wong Muh Rong, ” Wong Organizations: CNN, Initiative, China Railway, Reuters, East Japan Railway Co, Malaysian, Bentley University, of, Communist Party, Laos Railway, Laos Railway cumulatively, Orient Express, Getty Locations: China, Singapore, Asia, Laos, Kunming, Vientiane –, Indonesia, Jakarta, Bandung, West Java, Thailand, Bangkok, Thai, Malaysia, Kuala Lumpur, Southeast Asia, “ China, Peerapon, Cities, Penang, Malacca, Phuket Old Town, Beijing, Vietnam, Philippines, Cambodia, Wat, Siem Reap, ”, Kowloon, Hong Kong, Shanghai, Halim, AFP, “

☆ Biden projects a vision of strength that’s been missing from his presidency but will be needed in 2024 campaign
▼ + stars: | 2024-03-08 | by ( Stephen Collinson | ) edition.cnn.com time to read: +10 min

And in the most important moment of the 2024 election campaign so far, Biden appeared to succeed. “President Biden is clearly not on his A-game and I think that’s a charitable way to describe it. Republicans complain Biden politicized a great state eventSome Republicans faulted the president’s delivery and said he mistook loudness for strength. And in his speech on Thursday, Biden was advocating a different kind of strength – one rooted in democracy rather than in trying to destroy it. That debate about two vastly different visions of the meaning and the soul of the country will decide the fates of both Biden and Trump come November.

Persons: Joe Biden, Donald Trump, Biden, — Biden, Trump, ”, “, ” Biden, ” Trump, —, Alabama Sen, Katie Britt, Mike Johnson, ” Johnson, he’s, genuflecting, autocrats, Ronald Reagan’s, Mikhail Gorbachev, Putin, ’ ” Biden, Xi Jinping’s, hale, George W, Bush’s, Ari Fleischer mused, Dan Crenshaw, Rush Limbaugh, –, Viktor Orban, Orban cozies, Orban, CNN’s Betsy Klein, I’ve, let’s Organizations: CNN, State, Representatives, GOP, Republicans, Capitol, Trump, ”, Union, Alabama, Republican, Democratic, Republican National Convention, America, Biden Locations: Trump, Florida, year’s State, Ukraine, Russian, Xi Jinping’s China, China, Texas, American, Hungarian, Mar

☆ The dangerous parallels between Putin’s ambitions in Ukraine and Xi’s claims on Taiwan
▼ + stars: | 2024-02-27 | by ( Will Ripley | ) edition.cnn.com time to read: +12 min

What is happening is to a certain extent, an element of a civil war,” Putin claimed. The island remained a Japanese colony for half a century until the end of World War II, when it came under the control of China’s ruling Nationalist government. Today Xi is expanding China’s military at a pace the world hasn’t seen in a century – since before World War Two. Long-time China analyst Steve Tsang, author of “If China Attacks Taiwan,” once told me that Xi’s military build-up is, by comparison, larger than Nazi Germany and Imperial Japan combined. Many here in Taiwan fear it’s only a matter of time before Xi, like Putin, puts his words into action.

Persons: Taiwan CNN —, Kolas Yotaka, Tucker, Vladimir Putin, “ Putin, Xi, ”, Putin, Xi Jinping, ” Yotaka, –, Jens Stoltenberg, “, ” Stoltenberg, it’s, ” China’s, Russia –, Carlson, ” Putin, Critics, Chiang Kai, shek, ” Xi, He’s, Tsai Ing, Steve Tsang Organizations: Taiwan CNN, Taiwan Presidential, Taiwan –, NATO, Munich Security, Communist Party, Russia, Observers, Nationalist, Communists, Taiwan’s National Chengchi, Democratic Progressive Party, Taipei, Xi, Navy, Global China, Atlantic Council, Taiwan Relations Locations: Taipei, Taiwan, Ukraine, Beijing, China, Russia, Soviet, Ukrainian, Soviet Union, Japan, Republic of China, Taiwan Strait, United States, Hong Kong, Nazi Germany, Imperial Japan, Washington

☆ China moon spacecraft named ‘Dream Vessel’
▼ + stars: | 2024-02-26 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China’s space agency has revealed the names of the spacecraft that it hopes will take Chinese astronauts to the moon by the end of the decade. In a news release over the weekend, the China Manned Space Agency said development was “progressing well” on the spaceship Mengzhou, or Dream Vessel, the lander, Lanyue, or Embracing the Moon, and a super-heavy-lift carrier rocket named Long March 10. The name Mengzhou is linked to the “Chinese nation’s dream of landing on the moon,” it added. The United States is ramping up its lunar program, with NASA last month announcing its plan to land astronauts on the moon in 2026, a year behind its original schedule. Last week, the commercial Odysseus lunar lander developed by Intuitive Machines became the first US-made spacecraft to touch down on the moon in 50 years.

Persons: “ Lanyue ”, Mao Zedong, Xi Jinping’s, Japan’s Organizations: Hong Kong CNN, China Manned Space Agency, NASA, Machines Locations: Hong Kong, China, Beijing, People’s Republic of China, United States, Japan, India

☆ Major companies in China are setting up their own volunteer armies
▼ + stars: | 2024-02-21 | by ( Laura He | ) edition.cnn.com time to read: +12 min

Hong Kong CNN —Chinese companies are doing something rarely seen since the 1970s: setting up their own volunteer armies. According to China’s Military Service Law, male militia members should be 18 to 35 years old. It was latest in a slew of militias established by major Chinese companies in the past year. After 1949, when the party took control of mainland China, the units were eventually embedded into governments, schools and companies. This can, in the long run, save the PLA resources by delegating some duties to militia forces to care for,” Heath said.

Persons: Xi, ”, Neil Thomas, Nuo Nuo, Huang Zhiqiang, Qilai Shen, Liu Jie, Mao Zedong, Mao, Timothy Heath, homebuyers, Heath, ” Heath, Willy Lam, Sam Yeh, ” Lam, China’s Organizations: Hong Kong CNN, CNN, People’s Armed Forces Departments, America’s National Guard, Communist, Asia Society, Center for, Communist Party, China Labour Bulletin, Foxconn, Yili, Armed Forces Department, China’s Military Service Law, People’s Liberation Army, PLA, government’s Communist Party, Inner Mongolia Autonomous, Bloomberg, Getty, Shanghai Municipal Investment Group, Construction Investment, Development, Defense Ministry, People’s Armed Police, Armed, Rand Corporation, Jamestown Foundation, Party, Taiwan Locations: China, Hong Kong, Center for China, Beijing, Zhengzhou, Henan, Hohhot, Inner Mongolia, Yili, Shanghai, Mengniu, Nantong city, Jiangsu, Huizhou city, Guangdong, Wuhan, Hubei province, People’s Republic, United States, Taiwan, Fangchenggang City, Guangxi, ”, PLA, Taiwan's, AFP

☆ Wray’s stunning warning points to a new age of US vulnerability
▼ + stars: | 2024-02-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“The CCP’s dangerous actions, China’s multi-pronged assault on our national and economic security, make it the defining threat of our generation,” Wray said. Xi promised Biden China wouldn’t interfere in the 2024 presidential election at that meeting, CNN reported exclusively this week. The high-level diplomatic contacts continued last week when national security adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Bangkok. “This is the cyberspace equivalent of placing bombs on American bridges, water treatment facilities and power plants,” he said. “If you have a cyberattack on that sort of technology, it could affect all signals at once,” Geddes said.

Persons: Christopher Wray, Rick Geddes, ”, Wray, Xi, ” Wray, Joe Biden, Biden, Biden China wouldn’t, Jake Sullivan, Wang Yi, Donald Trump, Kevin McCarthy, Mike Gallagher of, Raja Krishnamoorthi, Paul Nakasone, Gallagher, Geddes, ” Geddes Organizations: CNN, Cornell, Chinese Communist Party, Communist Party, CCP, South China, –, Capitol, Republican, Democrat, US Cyber Command, “ Locations: Washington, Beijing, United States, China, Taiwan, South, Xi Jinping’s China, California, Biden China, Bangkok, Mike Gallagher of Wisconsin, Illinois

☆ China’s Xi Jinping visits financial hub Shanghai as Chinese economy sputters
▼ + stars: | 2023-11-30 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Chinese leader Xi Jinping has visited Shanghai for the first time in three years, as his government steps up efforts to prop up the country’s economy and financial markets. The visit, his first since 2020, comes as business confidence wanes in China and foreign companies pull out of the country. “General Secretary Xi Jinping’s visit to Shanghai sends important signals at a critical moment,” an editorial by Xinhua said Thursday. “Shanghai must be a vanguard of the country’s reform and opening up and a pioneer in its tech innovation and development,” Xi was quoted as saying by Xinhua. Earlier this month, Xi visited the United States for the first time in more than six years, where he met with President Joe Biden to amend ties between the two countries.

Persons: Xi Jinping, Xi, Lifeng, Cai Qi, Xi Jinping’s, ” Xi, Joe Biden Organizations: Hong Kong CNN, Shanghai Futures Exchange, Xinhua News Agency, PMI, Xinhua, “ Finance Locations: Hong Kong, Shanghai, China, Beijing, United States

☆ APEC Summit Biden Aims to Fortify Ties With Asian Nations at Summit in San Francisco
▼ + stars: | 2023-11-16 | by ( Katie Rogers | ) www.nytimes.com time to read: +12 min

Image President Xi Jinping of China spoke to a crowd of U.S. business executives at a dinner in San Francisco on Wednesday evening. “There are hundreds and hundreds of activists —” Crowd: “Go home Xi Jinping!” “— who are coming together from all corners of this nation.” “We are really upset. 1 question for us is: Are we adversaries or partners?” Mr. Xi asked. Mr. Orlins said the Chinese had prepared three versions of a speech Mr. Xi could deliver that night. After Wednesday’s events with Mr. Biden, Mr. Xi picked the friendliest one.

Persons: Xi Jinping, Carlos Barria, Xi, —, Xi Jinping doesn’t, ”, ” “, Jinping, Josh Edelson, Xi —, Mr, Tim Cook, Larry Fink, BlackRock, Jerry Brown, Elon Musk, ” John L, Holden, Biden, Doug Mills, ” Michael Hart, Jim Wilson, Angus, Gina M, Raimondo, “, Ms, “ I’m, Stephen A, United States — Deng Xiaoping, Jiang Zemin, Hu Jintao, Deng, It’s, ” Mr, Orlins, “ They’re, Jeff Chiu, Biden’s Organizations: Visit, Credit, Agence France, Hyatt Regency, Apple, Boeing, Pfizer, Nike, FedEx, Elon, McLarty Associates, San Francisco . Credit, New York Times, U.S, American Chamber of Commerce, ., Mr, National Committee, United, China Relations, Associated, U.S ., China Business Council, Economic Cooperation, Consulate Locations: China, U.S, San Francisco, Hong Kong, Tibet, United States, California, Filoli, San Francisco ., ”, Iowa, Asia, Pacific

[1/5] Protesters taunt people in suit, during a rally in opposition to the Asia-Pacific Economic Cooperation (APEC) CEO Summit in San Francisco, California, U.S. November 15, 2023. REUTERS/Loren Elliott Acquire Licensing RightsSAN FRANCISCO, Nov 15 (Reuters) - Protesters took to the streets of San Francisco early on Wednesday morning ahead of a meeting between U.S. President Joe Biden and Chinese President Xi Jinping, obstructing some entrances to the APEC conference. Global leaders and CEOs of major U.S. corporations will all be at the Asia Pacific Economic Cooperation (APEC) forum in San Francisco, offering tempting targets to protest. Protesters supporting spiritual group Falun Gong, which is banned in China, lined motorcade entry points into the convention center area. Supporters of China also turned out near where Biden and Xi will meet, waving Chinese and U.S. flags as well as posters with both flags together.

Persons: Loren Elliott, Joe Biden, Xi Jinping, Biden, Pema Doma, Xi, ”, Gong, Xi's, Ann Saphir, Peter Henderson, Josie Kao Organizations: Economic Cooperation, REUTERS, FRANCISCO, APEC, Global, Asia Pacific Economic Cooperation, Police, Chinese Communist Party, U.S . Department of Homeland Security, U.S, Secret Service, Thomson Locations: Asia, San Francisco , California, U.S, San Francisco, Israel, Tibet, United States, China, Francisco

☆ China has a sweeping vision to reshape the world — and countries are listening
▼ + stars: | 2023-11-09 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +23 min

All this coincides with longstanding calls from countries across the developing world for an international system where they have more say. Beijing, he added, sees the US as merely “paying lip service” to the “liberal order” to hurt other countries. Sergei Savostyanov/Sputnik/ReutersIn recent years, even some countries that have for decades embraced a close partnership with the US have drawn closer to China and its vision. “Is China really trying to promote multipolarity — or does China just want to (become a) substitute (for) US influence over the world?” he asked. They also raise questions about how a more militarily and economically powerful China would behave globally, if left unchecked.

Persons: Xi Jinping, —, Xi, Vladimir Putin, General Antonio Guterres, ” Xi, , Shen Hong, they’d, ”, Yun Sun, liberalize, Sanjit Das, Shen Dingli, ‘, ’ ”, Russia’s Putin, Bashar al, Assad —, Assad’s, Sergei Savostyanov, Ali Sarwar Naqvi, “ We’ve, James Marape, ’, Rubens Duarte, Li Zhiquan, “, Tong Zhao, Zhao, Ted Aljibe, Luiz Inácio Lula da Silva, Zhang Youxia, Beijing’s, Gilberto Teodoro Jr, BRICS, Weeks, Joe Biden, Sergio Lima, ” — Organizations: Hong Kong CNN, United Nations, Forum, China, Communist, CNN, Beijing, Washington, Getty, Stimson, Bank, World Trade Organization, . Riot, Bloomberg, Initiative, Asian, Global, Sputnik, Reuters, Center for International Strategic Studies, Papua New Guinea, multipolarity, China News Service, Carnegie Endowment, International Peace, Global Security Initiative, NATO, Russia, Philippine Defense, Shanghai Cooperation Organization, United, New, Seven, Ministry, Global Security, Group, UN, Communist Party Locations: China, Hong Kong, Beijing, United States, Ukraine, Gaza, Russian, Xinhua, Washington, South, Taiwan, Tibet, Xinjiang, America, Shanghai, West, Hangzhou, Israel, Pakistan, Pakistani, Islamabad, Papua New, Brazil, Indonesia, Europe, Asia, Scarborough, South China, AFP, Moscow, Russia, “, Saudi Arabia, Iran, Palestine, India, South Africa, Argentina, Egypt, Ethiopia, United Arab Emirates, New Delhi, Southeast Asia, Latin America, Caribbean, ” Beijing

☆ ICBC ex-VP being probed by China’s anti-graft body
▼ + stars: | 2023-11-06 | by ( Manav Tanneeru | Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Zhang Hongli, a former senior executive at Industrial and Commercial Bank of China (ICBC), is being probed by China’s top anti-corruption watchdog, in a sign of a continuing crackdown in the country’s financial sector. State-owned ICBC is one of China’s “Big Four” banks and the world’s largest lender by assets, according to S&P Global. Prior to joining ICBC, Zhang worked at Deutsche Bank and Goldman Sachs, where he held senior management roles. They include three top executives at the highest ranks of China’s financial world, who have either been probed or charged, according to the commission. In October, Li was expelled from the Communist Party and arrested for allegedly taking bribes, according to Xinhua.

Persons: Hong Kong CNN — Zhang Hongli, Zhang, Goldman Sachs, Bao Fan, Bao, Xi, Li Xiaopeng, —, Li, Liu Liange, Liu, “, Wang Bin, Wang Organizations: Hong Kong CNN, Industrial, Commercial Bank of China, Central Commission, P, Deutsche Bank, ICBC’s Communist Party, Xinhua, CNN, China, Communist Party, of China, China Life Insurance Locations: China, Hong Kong, ICBC, Xinhua

☆ China rate scare reminds watchdogs of hidden risks
▼ + stars: | 2023-11-01 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

Overnight borrowing rates for some Chinese financial institutions spiked to 50% on Tuesday, according to official interbank data, far in excess of the average rate of roughly 3.6%. In 2012, a national audit confirmed that local governments had amassed up to 10 trillion yuan in debts. Those have since swelled to 92 trillion yuan, per Reuters. The latest liquidity squeeze is a reminder that short-term dangers will complicate any attempts at more drastic surgery on China’s financial system. CONTEXT NEWSOvernight borrowing costs for some Chinese financial institutions jumped to as high as 50% on Oct. 31.

Persons: Xi Jinping’s, Xi Jinping, Li Qiang, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Traders, People’s Bank of, Financial Work, Central Financial Work Conference, Xinhua News Agency, Thomson Locations: HONG KONG, People’s Bank of China, Beijing

The National Financial Work Conference, usually held twice a decade, is expected to further fortify leader Xi Jinping’s control of the country’s $61 trillion financial sector. “Overall, the financial sector in China has made progress but at this moment they face challenges,” said Nakao. Last week, Xi reportedly visited the central bank, or People’s Bank of China, a rare step that underscores the party’s consolidation of controls over markets and financial institutions. Country Garden, another major developer, failed last week to meet a deadline to pay interest on a dollar bond. It has adopted measures to support private industries, which provide the lion's share of jobs in China.

Persons: —, Xi Jinping’s, Takehiko Nakao, China’s, ”, Li Keqiang, Li, shakeup, Xi, Lan Fo’an, Evergrande, Hui Ka Yan, Zen Soo Organizations: Financial Work Conference, Asian Development Bank, Central Financial Commission, China Securities Regulatory Commission, People’s Bank of, International Monetary Fund, AP Locations: BANGKOK, Beijing, China's Guangzhou, “, China, People’s Bank of China, Hong Kong, Foshan

☆ Israel war tests US appeal to global swing states
▼ + stars: | 2023-10-30 | by ( Hugo Dixon | ) www.reuters.com time to read: +7 min

FOURNI, Greece, Oct 30 (Reuters Breakingviews) - Joe Biden has sought to portray the United States as a superpower that cares about the rule of law. What’s more, swing states – which back neither the United States nor China – have more power than they did during the old Cold War between the West and the Soviet Union. Such pressure may convince some countries that the United States is pursuing a principles-based foreign policy in the Gaza conflict. The Israeli war may last a long time and its aftermath may be tortuous. But it could also have an important impact on the United States’ influence with swing states and its struggle with China.

Persons: Joe Biden, Vladimir Putin’s, Xi Jinping’s, Barack Obama, Republic –, Biden, Queen Rania, Jordan, Israel, Jake Sullivan, Israel –, Tayyip Erdogan, Benjamin Netanyahu, Mustafa Kamal Kazi, Netanyahu, What’s, Jonathan Cohen, Peter Thal Larsen, Thomas Shum Organizations: Reuters, Russian, U.S, Israel, United Nations General, Washington, UN Security Council, Security Council, Soviet Union, Members, United, Reuters Graphics Reuters, U.S . National Security, U.S ., West Bank, Thomson Locations: FOURNI, Greece, United States, Russia, China, Ukraine, Taiwan, Gaza, Israel, Republic, Saudi Arabia, Indonesia, U.S, Moscow, Soviet, India, Brazil, wean, Turkey, NATO, South Africa, Afghanistan, Iraq, Pakistani, Egypt, Israeli

☆ Russia’s Debacle in Ukraine Hangs Over Xi Jinping’s Plans for Taiwan - The New York Times
▼ + stars: | 2023-10-29 | by ( Bonnie S. Glaser | ) www.nytimes.com time to read: +2 min

To some observers, it may seem like Xi Jinping is itching to unify Taiwan with China. He has instructed the Chinese military to be prepared by 2027 to take Taiwan by force, if necessary, and China increasingly uses its growing military might to intimidate Taiwan’s people into yielding to Chinese control. Officers who are lining their own pockets, if that is the case, are likely not taking seriously enough Mr. Xi’s instruction to be prepared to seize Taiwan by 2027. Mr. Xi has frequently admonished the P.L.A. Russia’s debacle in Ukraine is a cautionary tale for Mr. Xi.

Persons: Taiwan’s, Xi Organizations: Liberation Army, Mr Locations: Taiwan, China, Ukraine, United States, Kyiv, Taiwan Strait

☆ China puts $137 bln Band-Aid on local debt wounds
▼ + stars: | 2023-10-25 | by ( Chan Ka Sing | ) www.reuters.com time to read: +3 min

The funds are to be funnelled to cash-strapped local governments struggling under 92 trillion yuan ($12.6 trillion) of debt. The last time was for a 1 trillion yuan special bond issuance in 2020 to combat the economic fallout from Covid-19. All these plans stem from the ruling Politburo in July calling on regulators to formulate “a basket of measures” to resolve risks stemming from local governments’ debt. CONTEXT NEWSChina’s top legislature approved a plan on Oct. 24 to sell 1 trillion yuan ($137 billion) of sovereign bonds. Separately, the Chinese legislature passed a bill to allow local governments to frontload part of their 2024 bond quotas.

Persons: Xi Jinping, Xi Jinping’s, Antony Currie, Thomas Shum Organizations: of, People, REUTERS Acquire, Reuters, Monetary, Thomson Locations: Beijing, China, HONG KONG, Covid

☆ Opinion | Why We Should Fear China More Than Middle Eastern War
▼ + stars: | 2023-10-21 | by ( Ross Douthat | ) www.nytimes.com time to read: +5 min

And since we don’t actually want to be at war with China, it makes a certain sense to avoid lumping Beijing in with Moscow and Tehran. It makes sense to talk about China, Iran and Russia as a loose alliance trying to undermine American power, but it is not a trio of equals. But the threat China poses to Taiwan, in particular, has different implications for American power from the threat Russia poses to Ukraine or Hamas poses to Israel. Whatever misery Iran and its proxies may inflict upon the Middle East, they are not going to conquer Israel or drive American power out of the Levant. But we have no experience being defeated in straightforward combat, not guerrilla war, by a great-power rival and ideological competitor.

Persons: Joe Biden, don’t, ”, “, Biden, Putin, pseudodemocracy, Xi, Vladimir Putin Organizations: NATO Locations: Israel, Ukraine, America, United States, China, Russia, Iran, Beijing, Moscow, Tehran, Taiwan, East Asia, Crimea, —, Vietnam, Afghanistan

☆ China’s leaders speed towards Japanisation
▼ + stars: | 2023-10-20 | by ( Edward Chancellor | ) www.reuters.com time to read: +8 min

LONDON, Oct 20 (Reuters Breakingviews) - China’s real estate market is in decline. The trouble is that China’s economic imbalances are far worse than Japan’s in 1990. Yet China’s GDP per capita has reached only half of Japan’s level in 1990. China’s economic misdirection is catalogued in Yasheng Huang’s “The Rise and Fall of the East”. After 1978 the authorities gave provincial governments substantial freedom to promote economic growth and rewarded them for meeting a growth target.

Persons: Xi, Xi Jinping, Huang, –, Xi’s, Beijing’s, Peter Thal Larsen, Oliver Taslic, Thomas Shum Organizations: Reuters, Monetary Fund, South, Asian, IMF, Reuters Graphics Reuters, Bank for International, MIT Sloan School of Management, HK, Communist, Huawei, Washington, Thomson Locations: Marrakech, People’s Republic, China, South Korea, Japan, deflate, Tokyo, California, Beijing, Taiwan, Communist

☆ China's Belt and Road Forum: What to know following Beijing's 'grand gathering'
▼ + stars: | 2023-10-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Here are the main takeaways from China’s Belt and Road Forum. No doubt over Putin’s prominenceThe gathering left no question over who was the most important world leader in attendance in the eyes of China’s Xi. In his meeting with Putin, Xi hailed the China-Russia partnership as “a long-term commitment,” stressing “ever-lasting good neighborliness and mutually beneficial cooperation,” and alluding to their shared 4,300-kilometer border and mutual aims. Since then, skepticism about China’s global ambitions has risen in Europe, in particular over Beijing’s economic and diplomatic support for Moscow. “Obviously, competition should not mean working against each other but mutually improving each other,” he said, while touting the quantity of China’s global development projects.

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