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☆ Tsai Ing-wen: the leader who put Taiwan on the map and stood up to China
▼ + stars: | 2024-05-18 | by ( Wayne Chang | Nectar Gan | ) edition.cnn.com time to read: +16 min

While supporters applaud Tsai for standing up to China, defending Taiwan’s sovereignty, freedom and democracy, critics blame her for straining ties with Beijing, stoking cross-strait tensions. Beijing, which deems the tacit agreement a precondition for dialogue, has cut official contact with Taipei since Tsai took office. Taiwan President Tsai inspects reservists at a training session at a military base in Taoyuan on May 11, 2023. But under Tsai, Taiwan has sought to enhance its asymmetric defense capabilities, developing and procuring cheaper and more mobile weapon systems that could be instrumental in halting a potential Chinese invasion. Taiwanese military experts have increasingly advocated for such an approach, noting that Taiwan can never match China in military might and assets.

Persons: Taipei CNN — Tsai Ing, introvert, ” Tsai, Xi Jinping, Xi, Tsai, stoking, Taiwan’s, Lai Ching, ”, Alex Chan Tsz Yuk, Wellington Koo, “, Vanessa Hope, Ma Ying, Taiwan's, Jose Lopes Amaral, Wen, Amanda Hsiao, Nancy Pelosi, Chien Chih, Nancy Pelosi’s, Huang, Jameson Wu, ” Sung, ” Hsiao, “ Tsai, Sawayasu Tsuji, Sung, ” Tsai’s, –, Lai Organizations: Taipei CNN, Democratic Progressive Party, DPP, Kuomintang, KMT, World Health Organization, WHO, Atlantic, Trump, Biden, International Crisis, US, Getty, World Health Assembly, National Chengchi University, Getty Images, Taiwan’s Military Academy, ” Tsai’s DPP Locations: Taipei, Taiwan, China, United States, Beijing, Tsai, Asia, Wellington, Ukraine, Gaza, Japan, Czech Republic, Republic of China, Taoyuan, AFP, Washington, Hong Kong

CNN —Ukrainian President Volodymyr Zelensky said he wants to work with countries like China with “influence on Russia” as his country faces a renewed Moscow offensive, urging Beijing to attend peace talks next month. Ahead of expected peace talks in Switzerland next month, Xi has called for negotiations that take both sides’ positions into account. Engaging global players like China is crucial because “they have influence on Russia, and the more such countries we have on our side… the more Russia will have to move and [more countries] to reckon with,” Zelensky said. Zelensky said he would like to see China at the international talks in Switzerland next month, aimed at paving the way for a peace process in Ukraine. Russia has not been represented at any of the four rounds of closed-door international peace talks that have taken place so far, and will not be at this one.

Persons: Volodymyr Zelensky, Russia ”, Zelensky, Xi Jinping, Vladimir Putin’s, Russia’s, Xi, ” Zelensky, Viola Amherd, Vladimir Putin, Sergei Bobylov, Switzerland Wang Shihting, Emmanuel Macron, Emmanuel Organizations: CNN, Beijing, AFP, Reuters, of, Getty, French Locations: China, Russia, Moscow, Beijing, Switzerland, Zelensky, Ukraine, Tiananmen, Saudi Arabia, Europe, Paris

☆ Xi’s Warm Embrace of Putin in China Is a Defiance of the West
▼ + stars: | 2024-05-18 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

Days after returning from a trip to Europe where he was lectured about the need to rein in Russia, China’s leader, Xi Jinping, used a summit with President Vladimir V. Putin to convey an uncomfortable reality to the West: His support for Mr. Putin remains steadfast. Mr. Xi’s talks with Mr. Putin this week were a show of solidarity between two autocrats battling Western pressure. The two leaders put out a lengthy statement that denounced what they saw as American interference and bullying and laid out their alignment on China’s claim to self-ruled Taiwan and Russia’s “legitimate security interests” in Ukraine. They pledged to expand economic and military ties, highlighted by Mr. Putin’s visit to a cutting-edge Chinese institute for defense research. Mr. Xi even initiated a cheek-to-cheek hug as he bade Mr. Putin farewell on Thursday after an evening stroll in the Chinese Communist Party leadership compound in Beijing.

Persons: Xi Jinping, Vladimir V, Putin, Xi’s, Mr, Russia’s, Putin’s, Xi Organizations: West, Chinese Communist Party Locations: Europe, Russia, Taiwan, Ukraine, Beijing

☆ In Beijing, Xi and Putin left no question of their close alignment in a divided world
▼ + stars: | 2024-05-17 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

Putin’s two-day state visit comes as Western leaders have leant on Xi to ensure that soaring exports from his country aren’t propping up the Russian war effort – a claim Beijing denies. Putin also traveled to Beijing with top security officials who the Russian president said Thursday would join informal talks on Ukraine. Beijing, which says it is neutral on the war, has repeatedly defended its trade with Russia as part of normal bilateral relations. Xi, analysts say, is seeking to keep Putin as a close partner, while not stepping over Western red lines. For that reason, she added, “he’s okay with on-going dependency between Russia and China – and with inequality in this relationship.”

Persons: Xi Jinping, Vladimir Putin’s, Xi, Putin, Putin’s, Andrey Belousov, Sergey Shoigu, “ Putin, he’s, Kurt Volker, “, ”, Alexandra Prokopenko Organizations: Hong Kong CNN, United, –, Israel, Hamas, Russian, Russian Security, Chinese Communist Party, Chinese Foreign Ministry, Observers, CNN, Carnegie Russia Eurasia Center Locations: Hong Kong, Beijing, United States, Taiwan, Gaza, Russian, China, ”, Russia, North Korea, Ukraine, China’s Harbin, Siberia, Europe

☆ IMF says U.S. should keep open trade, work with China to resolve disputes
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: +1 min

International Monetary Fund (IMF) Managing Director, Kristalina Georgieva (R), with Director of Strategic Communications Julie Kozack, speaks at a press briefing on the global policy agenda during the International Monetary Fund (IMF) and World Bank Spring Meetings at IMF headquarters in Washington, DC, on April 13, 2023. The U.S. would be better served by maintaining its open trade system rather than imposing new punitive duties on Chinese goods, the International Monetary Fund said on Thursday, adding that Washington and Beijing should work together to resolve their trade tensions. IMF spokesperson Julie Kozack told a regular news briefing that such trade restrictions as those announced by President Joe Biden on Tuesday can distort trade and investment, fragment supply chains and trigger retaliatory actions. "With respect to the tariffs, our view is that the U.S. would be better served by maintaining open trade policies that have been vital to its economic performance," Kozack said. "We also encourage the U.S. and China to work together toward a solution that addresses the underlying concerns that have exacerbated trade tensions between the two countries."

Persons: Kristalina, Strategic Communications Julie Kozack, Julie Kozack, Joe Biden, Kozack Organizations: Monetary Fund, Strategic Communications, International Monetary Fund Locations: Washington ,, U.S, Washington, Beijing, Japan, Germany, China

☆ Russia-Ukraine war: Exclusive satellite images show destroyed jets and building at Belbek airbase
▼ + stars: | 2024-05-17 | by ( Paul P. Murphy | Helen Regan | ) edition.cnn.com time to read: +6 min

CNN —Satellite images exclusively obtained by CNN show three destroyed Russian jets and damaged buildings at Belbek airbase in occupied port city of Sevastopol on Wednesday. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024. Satellite image ©2024 Maxar TechnologiesSatellite images exclusive to CNN show destroyed jets and building at Belbek Airbase in Crimea on May 15, 2024.

Persons: Mikhail Razvozhaev, “, ” Razvozhaev, Belbek, Dmytro Pletenchuk, ”, Volodymyr Zelensky, don’t, Christopher Cavoli, ” Zelensky, Vladimir Putin, Xi Jinping Organizations: CNN, Ukrainian, ” CNN, Black, NATO, Allied Locations: Sevastopol, Crimea, Russia, Belbek, Russian, Belbek Airbase, Ukrainian, Atesh, Moscow, Ukraine, Azov, Kharkiv, Vovchansk, Ukraine’s, Brussels, Beijing, China

☆ Beijing is acknowledging the existing property policy has not worked: Longview's Dewardric McNeal
▼ + stars: | 2024-05-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBeijing is acknowledging the existing property policy has not worked: Longview's Dewardric McNealDewardric McNeal, Longview Global, joins 'Fast Money' to talk China's property market challenge and recent policy changes from China's central bank to address the issues.

Persons: Longview's Dewardric McNeal Dewardric Organizations: Beijing Locations: Longview's Dewardric McNeal Dewardric McNeal, Longview

☆ China retail sales, investment data miss expectations in April
▼ + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China reported data Friday that pointed to slower growth on the consumer side while industrial activity remained robust. Retail sales rose by 2.3% in April from a year ago, the National Bureau of Statistics said. That was less than the 3.8% increase forecast by a Reuters poll, and slower than the 3.1% pace reported in March. But fixed asset investment rose by 4.2% for the first four months of the year, lower than the 4.6% expected increase. Statistics bureau spokeswoman Liu Aihua pointed out that last year, the multi-day May 1 Labor Day holiday had included two days in April.

Persons: Liu Aihua, Liu Organizations: National Bureau of Statistics, China's Ministry of Commerce, Labor, Statistics, Oxford Locations: Huai'an, China, BEIJING — China

☆ Uyghur forced labor: US blocks imports from 26 Chinese textile firms
▼ + stars: | 2024-05-17 | by ( ) edition.cnn.com time to read: +2 min

Washington (Reuters) — The United States has barred imports from 26 Chinese cotton traders or warehouse facilities on Thursday as part of its effort to eliminate goods made with the forced labor of Uyghur minorities from the US supply chain. US officials believe Chinese authorities have established labor camps for Uyghurs and other Muslim minority groups in China’s western Xinjiang region. “The so-called ‘Uyghur Forced Labor Prevention Act’ is just an instrument of a few US politicians to disrupt stability in Xinjiang and contain China’s development,” the spokesperson said. Washington has restricted imports from 65 entities since the Uyghur Forced Labor Prevention Act Entity List law was passed in 2021, according to the department. “We enthusiastically endorse DHS’s action today to nearly double the Uyghur Forced Labor Prevention Act’s ‘Entity List’ — while recognizing that the current list remains only a fraction of the businesses complicit in forced labor,” Representative Chris Smith and Senator Jeff Merkley, chairs of the bipartisan Congressional-Executive Commission on China, said in a statement.

Persons: ” Alejandro Mayorkas, “, Chris Smith, Jeff Merkley Organizations: Washington, Reuters, Uyghur, Labor, US Department of Homeland Security, Homeland Security, Congressional, Commission, DHS Locations: United States, China’s Xinjiang, China’s, Xinjiang, Beijing, Washington, China, Asia

☆ China pledges $42 billion in a slew of measures to support the struggling property sector
▼ + stars: | 2024-05-17 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

China announced "historic" steps to stabilize the crisis-hit property sector on May 17, 2024, allowing local governments to buy "some" apartments, relaxing mortgage rules and pledging to deliver unfinished homes. These and other measures announced Friday marked Beijing's latest efforts to address issues in the massive real estate sector. The real estate companies can then use funds earned from those sales to complete construction on other apartments, the central bank said. Pre-sold, unfinished homesFor years, many apartments in China tended to be sold before construction was finished. Nomura estimated last year there were around 20 million such pre-sold, unfinished apartments in China.

Persons: Zhu Ning, Tao Ling, Xiao Yuanqi, Larry Hu, Dong Jianguo, Lifeng, Zhu, Nomura Organizations: China, Nurphoto, Getty, Tsinghua University, People's Bank of China, National Financial Regulatory, Macquarie, CNBC, of Housing, Housing, Future Publishing Locations: BEIJING, Wanxiang City, Huai'an City, East China's Jiangsu, China

☆ Housing market: China unveils sweeping measures to rescue its crisis-hit property sector
▼ + stars: | 2024-05-17 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —China has unveiled wide-ranging measures to rescue its property sector, including asking local governments across the country to buy unsold homes from beleagured developers and easing rules on purchases. In a coordinated move, the People’s China of China (PBOC) announced that it will set up a nationwide program to provide 300 billion yuan ($41.5 billion) in loans to fund state purchases of unsold homes. The 300 billion yuan provided by the central bank could eventually underpin 500 billion yuan ($69 billion) worth of credit to support such purchases, she estimated. Expectations that Beijing was preparing a plan to have local governments across the country buy millions of unsold homes have successfully buoyed China stocks. On Friday, He also urged local governments to buy back or directly purchase land that has been sold to developers but not yet used.

Persons: Lifeng, Tao Ling, Larry Hu, ”, Société Générale Organizations: Hong Kong CNN, Communist, China Real Estate Business, Macquarie Group, Reuters, provident Locations: China, Hong Kong, Beijing

☆ Putin’s China Visit Highlights Military Ties That Worry the West
▼ + stars: | 2024-05-17 | by ( David Pierson | ) www.nytimes.com time to read: +1 min

President Vladimir V. Putin attended a trade fair on Friday in a northeastern Chinese city and toured a state-backed university famous for its cutting edge defense research, highlighting how economic and military ties between the countries have grown despite, or perhaps because of, Western pressure. Mr. Putin’s visit to Harbin, a Chinese city with a Russian past, is part of a trip aimed at demonstrating that he has powerful friends even as his war against Ukraine — a campaign that he is escalating — has isolated him from the West. The visit followed a day of talks between him and President Xi Jinping of China that seemed orchestrated to convey not only the strategic alignment of the two powerful, autocratic leaders against the West, but a personal connection. State media showed Mr. Putin and Mr. Xi, neck ties off after formal talks on Thursday, strolling under willow trees and sipping tea at a traditional pavilion on the sprawling grounds of Zhongnanhai, the walled leadership compound in Beijing, with only their interpreters. As Mr. Xi saw Mr. Putin off in the evening, he even initiated a hug — a rare expression of affection for the Chinese leader.

Persons: Vladimir V, Putin, Putin’s, Ukraine —, Xi Jinping, Xi Organizations: Ukraine Locations: Harbin, Russian, China, Zhongnanhai, Beijing

☆ Live updates: Russia's war in Ukraine, Putin meets Xi, Kharkiv under attack
▼ + stars: | 2024-05-16 | by ( Helen Regan | ) edition.cnn.com time to read: 1 min

Russian President Vladimir Putin is in Beijing for the start of a two-day state visit underlining close alignment with Chinese leader Xi Jinping as Russian troops advance in Ukraine. The visit — Putin’s symbolic first overseas foray since entering a new term as Russia’s president last week – is the latest sign of deepening relations as the two bind their countries closer in the face of heavy frictions with the West. This is the fourth in-person meeting between Xi and Putin since Russia's invasion and Putin’s second visit to Beijing in that time. Russian troops have been pushing into northeastern Ukraine since their surprise assault on May 10 in the border region of Kharkiv. Their advances in the region are Moscow’s most significant since Ukrainian forces recaptured Kharkiv in 2022.

Persons: Vladimir Putin, Xi Jinping, Xi, Putin Locations: Beijing, Ukraine, Kharkiv

☆ U.S. questions China's no-first-use nuclear call given buildup
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: +3 min

Referring also to Russia, Jenkins said China's nuclear buildup "raises the specter that United States may soon face two expansionary and significantly nuclear-armed peers." "Beijing's development of a larger, more diverse nuclear arsenal is deeply concerning, and raises questions about the trajectory of the PRC nuclear weapons program," she said. Jenkins was asked about China's call in February for states with the largest nuclear arsenals to negotiate a treaty on no-first-use of nuclear weapons against each other or to make a political statement in this regard. She said it was the first time the U.S. had heard such a proposal from China, underscoring the need for nuclear talks. "Our questions are, quite frankly, how does an idea for no-first-use really fit within their ongoing process of building up nuclear weapons?

Persons: Bonnie Jenkins, Jenkins, specter, hadn't Organizations: Senate Foreign Relations Locations: China, Washington, U.S, People's Republic of China, Russia, States

☆ In Talks With Putin, Xi Hails ‘Powerful Driving Force’ of Cooperation
▼ + stars: | 2024-05-16 | by ( David Pierson | Ivan Nechepurenko | ) www.nytimes.com time to read: +1 min

Mr. Putin, whose economy remains largely isolated because of Western sanctions over his invasion of Ukraine, relies on Mr. Xi, China’s leader, for diplomatic cover and a financial lifeline, including huge purchases of Russian oil. But Mr. Putin will need more help to sustain his war machine, especially now as his military makes a push near Kharkiv, Ukraine’s second-largest city, before billions of dollars’ worth of arms arrives from the United States to shore up Ukraine’s depleted forces. In Beijing, Mr. Putin sought to show that Moscow was deepening its ties with Beijing as a bulwark against Western attempts to contain their countries. “We are working in solidarity on the formulation of a more just and democratic multipolar world order,” he said. He also said the leaders discussed working more closely in energy and nuclear power research, though made no mention of a proposed natural gas pipeline to China that Moscow would like to see built.

Persons: Vladimir V, Putin of, ” Xi, Mr, Putin, Xi, ” Organizations: Russian Locations: Ukraine, Putin of Russia, Beijing, Kharkiv, Ukraine’s, United States, Moscow, China

☆ Xi welcomes Putin to China as both leaders seek to bolster strategic ties
▼ + stars: | 2024-05-16 | by ( Sumathi Bala | ) www.cnbc.com time to read: +1 min

Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on May 16, 2024 as both countries seek to bolster their strategic relationship. Seen here is a file photo of the two men when they met in Beijing on Oct. 18, 2023. Chinese leader Xi Jinping welcomed Russian President Vladimir Putin in Beijing on Thursday as both countries seek to bolster their strategic relationship. In an interview with state-media Xinhua published ahead of the visit, Putin said trade volume between the two countries reached $227.8 billion last year from $111 billion in 2019. "The current bilateral trade volume is about 20 trillion rubles, or nearly 1.6 trillion yuan," he noted.

Persons: Xi Jinping, Vladimir Putin, Putin's, Xi, Putin Organizations: Xinhua Locations: Beijing, China, Russian, U.S . China, Ukraine, Washington, Moscow

☆ Drag queen Nymphia Wind performs at Taiwan’s presidential office
▼ + stars: | 2024-05-16 | by ( Christy Choi | Wayne Chang | ) edition.cnn.com time to read: +5 min

Taipei, Taiwan CNN —Taiwanese drag queen Nymphia Wind gave a riotous performance at Taiwan’s presidential office on Wednesday, celebrating her win on “RuPaul’s Drag Race” last month. Taiwanese drag queen Nymphia Wind shakes hands with Taiwan's outgoing leader Tsai Ing-wen. Taiwanese drag queen Nymphia Wind performs on May 15, 2024. Nymphia Wind attends "RuPaul's Drag Race" Season 16 finale screening at The Edge at Hudson Yards. Nymphia Wind and Jimbo onstage at the "RuPaul's Drag Race" season 16 finale screening event on April 19, 2024 in New York City.

Persons: Nymphia, Tsai Ing, Gaga’s “, Huang Fei’s “ Chase, Chase, ”, ” Nymphia, Tsai, Wang Yu Ching, Xi Jinping, Lai Ching, Taiwan’s, popstar, “, Sun, Sun Yat Sen, Santiago Felipe, Leo Tsao, that’s, Jimbo, ” Tsai Organizations: Taiwan CNN, Communist Party, Democratic Progressive Party, DPP, Facebook, Weibo, Sun Yat, Hudson Yards, Reuters Locations: Taipei, Taiwan, ” Taiwan, Beijing, Taiwanese, Asia, China, Taiwan’s, East, Santiago, West, New York City

☆ China teases plan to buy unsold homes to fix property crisis. Markets are loving it
▼ + stars: | 2024-05-16 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The index has rallied nearly 30% from its January low, having entered a bull market earlier this month. Longfor Group, the ninth largest homebuilder in China, surged 11%, becoming the top performing stock on the Hang Seng Index. “We think this is a largely symbolic move to show support for the sector with a ‘national team’ for the housing market,” said Citi analysts. “We are cautiously optimistic about the ‘government-led buying on unsold units’ as it’s still being rolled out in more cities, “ said Jeff Zhang, an equity analyst at Morningstar. Nasdaq Golden China Index, which tracks Chinese companies listed on Wall Street, has gained 11% since the start of April.

Persons: ”, “, Jeff Zhang Organizations: Hong Kong CNN, Longfor, China Holdings, National Development, Reform Commission, ’, Citi, ING Group, Morningstar, homebuyers, Communist Party, Nasdaq Locations: China, Hong Kong, Beijing, Hangzhou, Xi’an, Chengdu, Shanghai

☆ Putin is putting his bromance with Xi on full display — but China has reason to be wary
▼ + stars: | 2024-05-16 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Read previewChina's leader, Xi Jinping, rolled out the red carpet for his "old friend" Vladimir Putin on Thursday. For his part, Putin lavished praise on China, whose support has been vital during Russia's invasion of Ukraine. But underneath the pageantry and rhetoric, Xi is under mounting pressure over his alliance with Putin — and he has good reason to be wary of their "no limits" partnership. President Vladimir Putin and China's President Xi Jinping attend a concert marking the 75th anniversary of the establishment of diplomatic relations between Russia and China in Beijing. "Meeting with Putin now is Xi's way of showing that China will not bend to Western pressure," said Torigian.

Persons: —, Xi, Vladimir Putin, Putin, Putin —, Xi Jinping, ALEXANDER RYUMIN, Zhao Tong, Graeme Thompson, Thompson, Joseph Torigian, Ali Wyne Organizations: Service, Business, Getty, BBC, Carnegie Endowment, Eurasia Group, Putin, Financial Times, School of International Service, American University, Xi, International Crisis Locations: Russian, Soviet, China, Ukraine, Russia, Beijing, Europe, Moscow, United States, Washington ,, America, Russia's, West

☆ As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
▼ + stars: | 2024-05-16 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +7 min

Pedro Pardo | Afp | Getty ImagesRussia's close relationship with superpower China is under close scrutiny as Russian President Vladimir Putin meets his Chinese counterpart Xi Jinping on Thursday. "Neither Putin nor Xi can achieve what they want to achieve, both domestically and internationally, without the support of the other. Russian President Vladimir Putin and China's President Xi Jinping leave after a reception following their talks at the Kremlin in Moscow on March 21, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping during a welcome ceremony at the third Belt and Road Forum in Beijing on Oct. 17, 2023. Russian President Vladimir Putin and Chinese President Xi Jinping attend a welcome ceremony before Russia-China talks in Moscow, Russia, on March 21, 2023.

Persons: Xi Jinping, Vladimir Putin, Pedro Pardo, Putin, Sam Greene, they've, " Greene, Xi, It's, Pavel Byrkin, it's, —, Natasha Kuhrt, Russia's, Kuhrt, Sergei Savostyanov, Greene, Liu Pengyu, Mikhail Tereshchenko Organizations: Forum, International Cooperation, of, People, Afp, Getty, Xinhua, Democratic, Center for, CNBC, Analysts, Kremlin, Putin, King's College London, Russia, U.S, Reuters, Sputnik Locations: Beijing, China, Ukraine, Russia, Moscow, Central Asia, Russian, U.S, Washington

☆ Russia is dependent on China, but it's not a one-way street
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia is dependent on China, but it's not a one-way streetRussia is often seen as the junior partner in its relationship with China but there are benefits to Beijing too, Anna Rosenberg, head of Geopolitics at Amundi, told CNBC.

Persons: it's, Anna Rosenberg Organizations: Russia, CNBC Locations: China, Russia, Beijing

☆ China announces 15-day visa-free stay in select provinces for cruise travelers to boost tourism
▼ + stars: | 2024-05-16 | by ( Dylan Butts | ) www.cnbc.com time to read: +1 min

Adora Magic City, the first made-in-China large cruise ship, waits for its first commercial passengers on the dockyard in Shanghai on January 1, 2024. Travelers entering China via international cruises can stay in select provinces in the country for up to 15 days without a visa, the government said Wednesday, as Beijing attempts to boost its cruise and tourism industry. The regulations require foreigners to enter through one of 13 coastal cruise ports in the country, according to a statement from China's National Immigration Administration (CNI). China's cruise business made major strides this year, with the country's first domestically-built cruise liner, the Adora Magic City, making its first voyage on Jan. 1, according to state-run media. On Wednesday, seven cruise ports were also added as eligible entry points under China's existing visa-free transit policy, on top of the previous 31.

Persons: CNI Organizations: Magic City, Travelers, National Immigration Administration Locations: Magic, China, Shanghai, Beijing

☆ Microsoft asks some employees in China to move to other countries
▼ + stars: | 2024-05-16 | by ( Diksha Madhok | ) edition.cnn.com time to read: +2 min

CNN —Microsoft has asked at least 100 of its employees in China to consider moving to other countries, according to Chinese state media reports. Microsoft employees, mostly involved with cloud computing, were recently offered the opportunity to work in the United States, Australia or Ireland, among other countries, state-run outlet The Paper said in a report Wednesday, citing an unnamed source. The Wall Street Journal reported Thursday that Microsoft asked as many as 800 employees — mostly engineers with Chinese nationality working on cloud computing and AI — to consider relocating. In a statement reported by Reuters, Microsoft (MSFT) said providing internal opportunities for some employees was part of its regular business and the company remained committed to China. In recent months, the United States has also enlisted its allies in Europe and Asia in restricting sales of advanced chipmaking equipment to China.

Persons: —, Biden, Joe Biden Organizations: CNN, Microsoft, Street, The, Reuters, Microsoft Research Locations: China, Beijing, Washington, United States, Australia, Ireland, Europe, Asia

☆ Neither Russia nor China wants the Ukraine war to end, but for different reasons
▼ + stars: | 2024-05-16 | by ( Huileng Tan | ) www.businessinsider.com time to read: +5 min

Read previewRussian President Vladimir Putin is on a two-day visit to China, and he's bringing along a large trade delegation. But Russia has also become increasingly reliant on China since it started the war in Ukraine. For instance, Russia is now "exporting raw materials to China while China sends finished goods, especially cars, to Russia — the latter at the expense of Russia's indigenous auto industry," she added. However, some analysts say China has more to gain from a continuing war. China and Russia are forging a partnership increasingly reminiscent of a great power alliance," wrote Michta.

Persons: —, Vladimir Putin, It's, Putin, Xi —, Michta, Russia —, Europe —, China's Organizations: Service, Business, Center for, Bilateral, West, Center, Global Energy, Columbia University, Kyiv —, US Army Locations: China, Russia, Ukraine, Moscow, Siberia, Europe, Beijing

☆ Russia to deepen nuclear cooperation with China, Putin says in Beijing
▼ + stars: | 2024-05-16 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailRussia to deepen nuclear cooperation with China, Putin says in BeijingChina has increasingly become Russia’s lifeline to support its war chest since the invasion of Ukraine as Washington continues to tighten the screws on Moscow with more sanctions.

Persons: Putin Organizations: Russia Locations: China, Beijing China, Ukraine, Washington, Moscow

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