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A UK couple confessed to multiple 'dine and dash' offenses, accruing over $1,400 in unpaid bills. 'Dine and dash' offenses are on the increase in the UK, a police official said. AdvertisementA couple from the UK admitted to committing several "dine and dash" offenses, running up unpaid bills worth more than $1,400, according to multiple reports. Bernard McDonagh, 41, and his 39-year-old wife Ann, of Port Talbot, pleaded guilty on Wednesday to failing to pay restaurant bills, the BBC reported. Between August last year and April, the couple ran up vast bills at four restaurants, as well as a Chinese takeout.
Persons: , Bernard McDonagh, Ann, Ciao, Bella Ciao, Shirley Xue, Donna Jones, MailOnline Organizations: Service, BBC, Fortune, Golden Fortune, Telegraph Locations: Port Talbot, Swansea
CNN —Even if your genetics put you at greater risk for early death, a healthy lifestyle could help you significantly combat it, according to a new study. Individuals with genetic risk could extend their lifespan by up to 5.5 years with a healthy lifestyle, the data showed. “Adherence to a healthy lifestyle could substantially attenuate the lifespan reduction for individuals with genetic susceptibility to a shorter lifespan,” Li said. But researchers were able to identify four factors that were associated with the biggest impact on risk of early death. Making lifestyle changesBuilding a healthier lifestyle may sound like a major undertaking, but manageable steps can help you get there.
Persons: Xue Li, Dr, Aladdin Shadyab, Shadyab, Li, ” Li, , Rosamund Dean, , you’ve Organizations: CNN, School of Public Health, Zhejian Univeristy, of Medicine, University of California, National Institute for Data Science, Health, Medicine, Zhejiang University, US Centers for Disease Control, CDC, of Locations: China, University of California San Diego, of Columbia, Guam, Puerto Rico
The Department of Justice on Monday announced criminal charges against two people and the guilty plea of a third person for orchestrating a $1.9 billion cryptocurrency Ponzi fraud scheme known as HyperFund, among other names. Lee, a 35-year-old also known as Xue Lee, is charged with a single count of conspiracy to commit securities fraud and wire fraud. Chunga, who also is known as Bitcoin Beautee, pled guilty Monday to one count of conspiracy to commit securities fraud and wire fraud, for which she faces the same possible maximum sentence. Chunga separately agreed to settle civil charges by the SEC for violating the anti-fraud and registration provisions of U.S. securities laws. The SEC complaint says she received more than $3.7 million from both the HyperFund platform and from investors.
Persons: Nicole Argentieri, Erek Barron, Sam Lee, Rodney Burton, Brenda Chunga, Lee, Xue Lee, Burton, Chunga, Beautee, HyperFund Organizations: U.S . Department of Justice, Washington , D.C, The, Justice, Securities, Exchange Commission, DOJ, U.S, Attorney, United Arab Emirates, SEC Locations: Washington ,, HyperFund, Maryland, Australian, Dubai, United Arab, Miami, Severna Park , Maryland
In China, Tencent is already doing it. Now it’s betting on Weixin Palm Payment, a biometric system launched in May for users of Weixin Pay, WeChat’s sister app. Last year, JPMorgan cited the opportunity as it announced its own payment authentication software pilot program using palm scanning. “With face scanning technology, people can look a lot like each other — like twins,” he said. The Seattle-based e-commerce giant launched its own palm scanning payment service in 2020, letting users connect their palm prints to credit cards to buy items at the company’s cashier-free stores.
Persons: China that’s, — Tencent, Guo Rizen, , ” Guo, Tencent’s, Guo, , Tencent, “ We’re, Edward Santow, , ” Santow, Kate Xue, wasn’t Organizations: China CNN, CNN, Goode Intelligence, JPMorgan, Fujitsu, University of Technology Locations: China, Shenzhen, Beijing, Seattle, Chinese, Guangdong, Supermonkey, University of Technology Sydney
Li Yunze, director of China's National Financial Regulatory Administration (NFRA), speaks at the Lujiazui Forum in Shanghai, China June 8, 2023. REUTERS/Jason Xue/File Photo Acquire Licensing RightsBEIJING, Dec 3 (Reuters) - A key Chinese financial regulator said on Sunday it would accelerate reform of small and midsize financial institutions as it steps up its oversight of the sector. The National Financial Regulatory Administration (NFRA) will collaborate with the General Administration of Financial Supervision to tighten supervision of the financial industry other than the securities market, director Li Yunze said in an interview with state media Xinhua. It will promote small and midsize banking institutions to optimise their structure, improve quality and increase efficiency, Li said. “At present, the operation of China's financial sector is generally stable and the overall risk resistance is strong,” he said.
Persons: Li Yunze, Jason Xue, Li, , Mei Mei Chu, Christopher Cushing, William Mallard Organizations: China's, Financial Regulatory Administration, REUTERS, Rights, Administration, Financial, Xinhua, NFRA, Thomson Locations: Shanghai, China, Rights BEIJING
The company logo of China International Capital Corporation Ltd (CICC), China’s first joint venture investment bank, is displayed at a news conference on the company's annual results in Hong Kong, China March 30, 2016. Additionally, staff at the state-owned investment bank have been asked to not wear luxury brands or disclose their pay. Employees should "make sure their family members adhere to social and ethical standards", the memo said. Banks have also been forced to cut pay and perks for investment bankers, including compensation and budget reductions for travel and entertainment. Reuters reported in April that CICC slashed bankers' bonuses by as much as 40%.
Persons: China’s, Bobby Yip, CICC, Banks, Selena Li, Jason Xue, Sumeet Chatterjee, Edwina Gibbs Organizations: China International Capital Corporation, REUTERS, China International Capital Corp, HK, Reuters, Bloomberg, Thomson Locations: Hong Kong, China, HONG KONG, dealmaking
China EV maker BYD to build first Europe plant in Hungary -FAS
  + stars: | 2023-11-04 | by ( ) www.reuters.com   time to read: +1 min
Companies BYD Co Ltd FollowFRANKFURT, Nov 4 (Reuters) - Chinese electric vehicle giant BYD (002594.SZ), plans to build its first European car factory in Hungary, a German newspaper reported on Saturday. The Frankfurter Allgemeine Sonntagszeitung (FAS), citing unnamed sources close to BYD, said the decision had already been made internally. A government website in Shenzhen, where BYD is headquartered, posted an article last month saying that Hungarian Prime Minister Viktor Orban met BYD Chairman and President Wang Chuanfu on a visit to the company. BYD, contacted by Reuters, said that it was still looking for the right location and would make an announcement at the end of the year. Reporting by Brenda Goh, Jason Xue, Krisztina Than, and Tom Sims; editing by Jason NeelyOur Standards: The Thomson Reuters Trust Principles.
Persons: Viktor Orban, Wang Chuanfu, Brenda Goh, Jason Xue, Tom Sims, Jason Neely Organizations: BYD, FRANKFURT, Frankfurter Allgemeine Sonntagszeitung, Reuters, Thomson Locations: Hungary, BYD, Shenzhen, Hungarian
SHANGHAI, Nov 4 (Reuters) - China's industry minister said the country's industrial economy stablised and recovered in the first three quarters of 2023 and the new energy sector, such as electric cars, shined. "In the fourth quarter, we are confident the industrial economy will keep the recovery momentum," said Jin Zhuanglong, China's Minister of Industry and Information Technology, in an interview with China state television CCTV. China's industrial output in September grew 4.5% from a year earlier, matching the pace in August, as policy support measures stabilised some parts of the world's second-largest economy. Overseas markets remain an important growth area, although an EU probe into China-made EVs may put a damper on exports. Reporting by Jason Xue and Ryan Woo; Editing by Michael PerryOur Standards: The Thomson Reuters Trust Principles.
Persons: Jin Zhuanglong, Jin, Jason Xue, Ryan Woo, Michael Perry Organizations: China's, Industry, Information Technology, Overseas, EU, Thomson Locations: SHANGHAI, China
Sinopec says signs new 27-year LNG supply deal with QatarEnergy
  + stars: | 2023-11-04 | by ( ) www.reuters.com   time to read: +1 min
The logo of China Petroleum & Chemical Corporation, or Sinopec, is displayed during the LNG 2023 energy trade show in Vancouver, British Columbia, Canada, July 12, 2023. Under the agreement, the two firms will cooperate on the second phase of the North Field gas project, which will supply 3 million metric tons of LNG per year to Sinopec. The deal, signed at the China International Import Expo in Shanghai, is the third long-term supply deal between Sinopec and Qatar Energy, the world's top LNG supplier. The two parties signed a 10-year LNG purchase and sales agreement in 2021, followed by a 27-year deal last year. The North Field is part of the world's largest gas field which Qatar shares with Iran, which calls its share South Pars.
Persons: Chris Helgren, Jason Xue, Dominique Patton, Jason Neely Organizations: China Petroleum & Chemical Corporation, REUTERS, Rights, China Petroleum & Chemical Corp, BEIJING, Qatar Energy, China, Qatar, Pars, Thomson Locations: Vancouver , British Columbia, Canada, Shanghai, Sinopec, Iran
A man cuts open the bag after he bought 50 gram gold bars as an investment in Beijing, China, August 5, 2019. The new indexes (.CSI931493), (.CSI931413), launched by the China Securities Index Co, include shares of global gold miners such as Newmont Corporation (NEM.N) and Barrick Gold . "Gold is the brightest asset at the moment... promising much better returns than Chinese property or the broad stock market," said Shihua Duan, general manager of Shanghai Changer Invest. China Asset Management Co and Maxwealth Fund Management Co last month launched China's first exchange-traded funds (ETFs) (517520.SS) that invest in gold stocks. "Buying the gold bar is the safest among so many investment choices," said gold investor Jack Liu, who spent 230,000 yuan ($31,425) on a gold bar in September.
Persons: Jason Lee, Shihua Duan, Jack Liu, Jason Xue, Samuel Shen, Miral Organizations: REUTERS, Rights, China Securities Index, Newmont Corporation, Barrick, Miners, Invest, China Asset Management, Maxwealth Fund Management Co, Beijing, Thomson Locations: Beijing, China, Shanghai, Ukraine, Summer, Hong Kong
But areas of the market dominated by small stocks and frequented by the country's retail investors have done surprisingly well. Scores of retail investors are dabbling in micro-cap stocks - stocks whose market capitalisation is tiny - operating under the radar of big funds and investors and their massive market-moving flows. Strategies such as Cui's stand out this year in a stock market depressed by China's wobbly economy, heightened geopolitical risks and surging overseas interest rates. Some brokerages are starting to recommend micro stocks to clients. GF Securities said in an October strategy report that buying micro stocks is part of a new investment paradigm in a stock market suffering from anaemic growth, and global decoupling risks.
Persons: Aly, horribilis, Joseph Cui, Cui, Yuan Yuwei, Helen Wu, Wu, Yi Huiman, Lu Deyong, Seres, Lu, Huang Yan, Jason Xue, Samuel Shen, Summer Zhen, Vidya Ranganathan, Simon Cameron, Moore Organizations: REUTERS, Rights, Huawei Technologies, Regulators, Wisdom Asset, China Securities Regulatory Commission, Huawei, Security Technology, TRS Information Technology, Automotive, Seres, Securities, Shanghai QiuYang, Thomson Locations: Shanghai, China, Rights SHANGHAI, HONG KONG, United States, ChatGPT, Ningbo, Summer, Hong Kong
People cross a street during morning rush hour in front of the skyline of the central business district (CBD) in Beijing, China December 15, 2020. This follows more than a hundred Chinese companies committing to buybacks or withdrawing share sales in August after China imposed new rules as part of measures to shore up a sinking stock market as the country's post-COVID-19 recovery lost momentum. Its blue-chip stock index <.CSI300>, however, is near one-year lows as investor sentiment remained weak in recent months despite stimulus policies to shore up confidence. Meanwhile, more than 70 other companies in filings vowed that their major shareholders would not sell shares in the coming months, or withdrew plans to offload shares. Reporting by Jason Xue in Shanghai and Tom Westbrook in Singapore Editing by Marguerita ChoyOur Standards: The Thomson Reuters Trust Principles.
Persons: Thomas Peter, Jason Xue, Tom Westbrook, Marguerita Choy Organizations: REUTERS, Rights, China Petroleum & Chemical Corp, China Railway Construction Corp, China Mobile, Wanma Technology, GoodWe Technologies, Central Huijin Investment, Thomson Locations: Beijing, China, Shanghai, Singapore
SHANGHAI/SINGAPORE, Sept 26 (Reuters) - China's securities regulators have told market participants that tighter rules for programme trading were not designed to kill the business, but were a response to calls for more oversight, according Asia's largest financial lobby group ASIFMA. "There's no intent to be prejudiced against high frequency trading firms," said Lyndon Chao, ASIFMA managing director and head of equities and post trade. Quant funds in China include global players such as Winton, Two Sigma and D.E.Shaw though these three aren't members of ASIFMA. The rules "came out all of a sudden because the regulators might be facing pressure from investors suffering from recent poor stock market performance," he said. There are a lot of quant funds out there that do a great job of injecting liquidity when needed.
Persons: Lyndon Chao, They're, ASIFMA, Chao, Ren Zeping, Liu Yuhui, ASIFMA's Chao, Samuel Shen, Jason Xue, Tom Westbrook, Shri Navaratnam Organizations: Sigma, Reuters, Thomson Locations: SHANGHAI, SINGAPORE, China, Winton, Shanghai, Shenzhen
Dombrovskis, who is also the bloc's trade commissioner, is on a four-day visit to China seeking more balanced economic ties with the EU. Citing the bloc's trade deficit as an example, he added "the EU also needs to protect itself in situations when its openness is abused." LITMUS TESTThe EU blames its 400 billion euro trade deficit partly on Chinese restrictions on European companies. A "thousand" barriers to market access have propelled the trade deficit to its "highest in the history of mankind", EU Ambassador to China Jorge Toledo lamented at a forum in Beijing on Thursday. One with whom the EU wishes to work towards a more balanced trade and investment relationship."
Persons: Valdis Dombrovskis, Jason Xue, Dombrovskis, China Jorge Toledo, Lifeng, Moscow, Brenda Goh, Albee Zhang, Shri Navaratnam, William Mallard Organizations: European Commission, Reuters, REUTERS, Rights, European Union, Bund Summit, EU, Global Times, Thomson Locations: Shanghai, China, Moscow, Russian, Ukraine, Beijing, Dombrovskis
“Spark is history,” Jiang Xue told me. The same problems the older generation faced, especially the lack of freedom of expression, is the same issue I face today. Her work clashed with her husband’s desire for a successful career as a researcher on religion in a government think tank. What sustains Jiang Xue and many other underground historians is the sense of community that their movement provides. Some of her interviewees have become close friends, such as Tan Chanxue, whom she regularly visited until she died in 2018.
Persons: ” Jiang Xue, , , , Jiang Xue, Tan Chanxue, Xiang Chengjian, Uncle Xiang, Hannah Arendt Organizations: Chinese Communist Party Locations: North America
A Chinese warship fires during a military drill off the Chinese coast near Fuzhou, Fujian Province, across from the Taiwan-controlled Matsu Islands, China, April 11, 2023. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, Sept 14 (Reuters) - China will take a number of "special" policy measures to improve access for Taiwanese enterprises to Fujian province across the Taiwan Strait, the Chinese state planner said on Thursday, under a long-term cross-strait integrated development plan. The steps are part of a plan announced by China on Tuesday to turn coastal Fujian province into a zone for integrated development with Taiwan, which China claims as part of its territory. He added that Beijing also supports new energy cooperation between Taiwan, which it regards as a Chinese province, and Ningde, a Fujian city north of Xiamen. Strait Innovation Internet Co (300300.SZ) and Zhongfu Straits Pingtan Development Co (000592.SZ), both based in Pingtan, rose 8% and 5%, respectively.
Persons: Thomas Peter, Liang, Ryan Woo, Ethan Wang, Jason Xue, Jacqueline Wong Organizations: REUTERS, Rights, National Development, Reform Commission, Innovation Internet, Pingtan Development, Thomson Locations: Fuzhou, Fujian Province, Taiwan, Matsu Islands, China, Rights BEIJING, Fujian, Taiwan Strait, Xiamen, Kinmen, Beijing, Pingtan, China's, Zhongfu
BEIJING (Reuters) -China will take a number of "special" policy measures to improve access for Taiwanese enterprises to Fujian province across the Taiwan Strait, the Chinese state planner said on Thursday, under a long-term cross-strait integrated development plan. The steps are part of a plan announced by China on Tuesday to turn coastal Fujian province into a zone for integrated development with Taiwan, which China claims as part of its territory. He added that Beijing also supports new energy cooperation between Taiwan, which it regards as a Chinese province, and Ningde, a Fujian city north of Xiamen. Opening up of an experimental development zone in Pingtan, China's closest point to the main Taiwan island across the strait, will be expedited, Cong added. Strait Innovation Internet Co and Zhongfu Straits Pingtan Development Co, both based in Pingtan, rose 8% and 5%, respectively.
Persons: Liang, Ryan Woo, Ethan Wang, Jason Xue, Jacqueline Wong Organizations: National Development, Reform Commission, Innovation, Pingtan Locations: BEIJING, China, Fujian, Taiwan Strait, Xiamen, Taiwan, Kinmen, Beijing, Pingtan, China's, Zhongfu
Analysts say its new product launches could mark a first step in the company's come-back efforts to rival Apple. "It (Huawei) can manage the psychological expectations of the target consumer group before Apple's press conference," said Ivan Lam, an analyst at Counterpoint. Sino-U.S. friction has worsened in recent years as Washington tries to restrict China's access to key technologies including cutting-edge chip technology, and Beijing looks to reduce its reliance on American tech. The U.S. Commerce Department said late Thursday it's working to obtain more information "on the character and composition" of the new Huawei chip that may violate trade restrictions. White House National Security Adviser Jake Sullivan told reporters on Air Force One the U.S. government is trying to get more information about the Huawei chip.
Persons: Ann Wang, Ivan Lam, Jake Sullivan, Rick Meckler, Taiwan's TSMC, Ben Blanchard, Jeanny Kao, Brenda Goh, Jason Xue, Yelin, Sam Nussey, Miyoung Kim, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Huawei, Apple, U.S, China's, Analysts, Reuters, Bank of America, Street, Washington, U.S . Commerce Department, National, Air Force, Qualcomm, Broadcom, Texas, Cherry Lane Investments, Tokyo, ASE Technology, Luxshare Precision Industry, Semiconductor, Technology, Semiconductor Manufacturing International Corp, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, U.S, Beijing, China, Asia, Japanese, iPhones, Shenzhen, Shanghai, Yelin Mo, Tokyo
Some analysts feel the Huawei moves could be a first step in comeback efforts by China's "national champion" to rival Apple. By contrast with the hit for Apple suppliers, Huawei's extended recent gains. Reuters GraphicsSCOPE OF CURBS UNCLEARIt was not immediately clear how wide China's iPhone curbs are, but one employee at an affected state-owned enterprise (SOEs) in the capital said they extended to visitors. However, Canalys analyst Nicole Peng said Huawei could present a greater threat to domestic peers, such as Honor, which had benefited from Huawei's woes. The U.S. Commerce Department is seeking more information on the "character and composition" of the new Huawei chip that may violate trade curbs, it said on Thursday.
Persons: Ann Wang, chipmaker TSMC, China's, Ivan Lam, Ming, Chi Kuo, Nicole Peng, TechInsights, Jeanny Kao, David Kirton, Jason Xue, Yelin Mo, Ellen Zhang, Sam Nussey, Miyoung Kim, Clarence Fernandez Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Huawei, Apple, Largan, Industry, Semiconductor Manufacturing International Corp, Reuters, Bank of America, TF International Securities, Street, Washington, U.S . Commerce Department, Shanghai Newsroom, Thomson Locations: Hsinchu, Taiwan, Rights SHANGHAI, TAIPEI, U.S, Beijing, Taipei, TW, iPhones, China, Shenzhen, Shanghai, Tokyo
China said last week it would cut interest rates on existing mortgages and eased rules for first-time buyers in big cities, in what the central bank and financial regulators jointly said were moves "conducive to expanding consumption." But to prevent profit margins from shrinking further, state-owned banks have also lowered deposit rates by 10-25 basis points in a coordinated move. But they also warn that a 15 basis point cut in interest rates on Chinese households' 131.4 trillion yuan of deposits reduces interest income by 197 billion per year. Mortgage rates for first homes are around 4%, while one-year fixed deposit rates are roughly 1.5%. "People don't consume because they don't have money so cutting deposit rates cannot really work."
Persons: Simon, Yu, government's, Ting Lu, Zhaopeng Xing, Li Xiao, Li, Guo, Nancy Yang, Yang, Jason Xue, Samuel Shen, Winni Zhou, Gao, Ellen Zhang, Ziyi Tang, Joe Cash, Marius Zaharia, Jacqueline Wong Organizations: Nomura, ANZ, HIT, Thomson Locations: SHANGHAI, BEIJING, Shanghai, Beijing, China, Guangdong, Wuhan
Country Garden also offered on Tuesday to extend repayment of eight onshore bonds worth 10.8 billion yuan ($1.48 billion) by three years, according to people with knowledge of the matter and documents seen by Reuters. Country Garden did not respond to a request for comment. A general view of a construction site of residential buildings by Chinese developer Country Garden in Tianjin, China August 18, 2023. Country Garden has not missed a debt payment obligation, onshore or offshore. "The three-year extension of maturity offered by Country Garden looks better than restructuring plans by most of the other troubled developers," Meng said.
Persons: Gary Ng, Tingshu Wang, Susannah Streeter, Hargreaves Lansdown, DODGE, CreditSights, Ting Meng, Meng, Xie Yu, Shuyan Wang, Jason Xue, Sumeet Chatterjee, Christopher Cushing, Kim Coghill Organizations: HK, Reuters, Country, Natixis Asia Pacific, REUTERS, Services, Global, Hargreaves, Mainland Properties, CSI, ANZ, Thomson Locations: HONG KONG, BEIJING, Tianjin, China, Hong Kong, Beijing, Shanghai, Bengaluru
Factbox: How China is trying to boost its stock market
  + stars: | 2023-09-04 | by ( ) www.reuters.com   time to read: +4 min
REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 4 (Reuters) - China is launching a campaign to revive its lagging stock market, and boost investor confidence in an ailing economy. A slew of measures announced include reducing trading costs, slowing the pace of initial public offerings (IPOs), encouraging margin financing and protecting small investors. IMPROVING BEIJING STOCK EXCHANGE:China Securities Regulatory Commission (CSRC) aims to boost liquidity in the market by relaxing investor thresholds and improving trading mechanisms. It will seek to reform and invigorate the market, focusing on funding innovative small companies that specialise in niche sectors. TRANSACTION COSTS:The stamp duty on stock trading was halved on Aug 28, the finance ministry announced.
Persons: Aly, Li Gu, Jason Xue, Tom Westbrook, Simon Cameron, Moore, Lincoln Organizations: Shanghai Stock Exchange, REUTERS, Beijing Stock Exchange, China Securities Regulatory Commission, Thomson Locations: Pudong, Shanghai, China, BEIJING, Singapore
Chinese President Xi Jinping is seen on a screen during a video address for the Global Trade in Services Summit, at the media centre for China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Acquire Licensing RightsBEIJING/SHANGHAI, Sept 2 (Reuters) - Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade. Speaking via video at the China International Fair for Trade in Services (CIFTIS) in Beijing, Xi said China would focus on expanding the domestic market, increasing imports of high-quality services and reforming the country's basic data system. Xi said China will promote the integrated development of high-end manufacturing and modern service industries. Reporting by Jing Xu and Ryan Woo in Beijing and Jason Xue in Shanghai.
Persons: Xi Jinping, Florence Lo, Xi, Jing Xu, Ryan Woo, Jason Xue, Gerry Doyle, Miral Organizations: Global Trade, Services, China, Fair for Trade, REUTERS, Rights, Thomson Locations: Beijing, China, Rights BEIJING, SHANGHAI, Shanghai
China, Russia, and the US (with its international allies) are all plotting huge new moonshots. Photos of the space efforts of the US, China, and Russia reveal how far behind the former space power has fallen. AdvertisementAdvertisementThe US and China are innovating, while Russia's space tech agesNASA's Space Launch System rocket with the Orion spacecraft aboard, at the Kennedy Space Center in Florida. Berger cited other underlying issues that are stifling Russia's space ambitions, like budget cuts, quality control, and corruption. Western sanctions have harmed Russia's space program in other ways, limiting its access to high-quality microchips, the AP reported.
Persons: Artemis, Russia isn't, hasn't, Russia's Luna, Bill Nelson, Luna, NASA’s, , Tingshu Wang, Sergei Markov, Russia's, Steve Seipel, Yuri Borisov, Borisov, Bill Ingalls, Eric Berger, Vladimir Putin's, Berger, Xue Lei, landers, Roscosmos, Victoria Samson Organizations: Service, NASA, AP, Soviet Union, Operation, Space Corporation, Politico, New York Times, China National Space Administration, Vostochny, Luna, NASA’s Goddard Space Flight, Arizona State University NASA, Orion, NASA NASA, SpaceX, National Museum, Reuters, Kremlin, Kennedy Space Center, CNN, Russian Soyuz, Baikonur, Future Publishing, Getty, European Space Agency, ESA, Secure, Foundation Locations: Wall, Silicon, China, Russia, Soviet, Soviet Union, China National Space Administration Russia, Russia's Far, India, Russian, Beijing, Ukraine, Florida, Kazakhstan, Washington
U.S. Commerce Secretary Gina Raimondo talks to Chinese Premier Li Qiang during a meeting at the Great Hall of the People in Beijing, China Tuesday, August 29, 2023. "China is actively advancing its high-level opening-up and making efforts to provide a world-class, market-oriented business environment governed by a sound legal framework," he said. Asked what her message was to U.S. business in China, Raimondo said: "The message is to continue to do what you're doing. She is pressing China to take actions to improve business conditions. That sentiment was echoed by Jens Eskelund, president of the European Union Chamber of Commerce in China, who said "'uninvestible' is not a term we would use to describe China", instead describing it as "under-invested."
Persons: Gina Raimondo, Li Qiang, Andy Wong, Biden, Raimondo, Liu Pengyu, Michael Hart, Hart, Jens Eskelund, Chen Jining, Chen, Walt Disney, David Shepardson, Andrea Shalal, Nicoco Chan, Jason Xue, Joe Cash, Martin Quin Polland, Lun Tian, Laurie Chen, Sandra Maler, Robert Birsel Organizations: Commerce, of, People, REUTERS Acquire, Rights, . Commerce, U.S . Commerce Department, Global, American Chamber of Commerce, European Union Chamber of Commerce, chipmaker Micron Technology, Micron, Shanghai, Shanghai Disneyland, Walt, Shendi Group, Boeing, Thomson Locations: Beijing, China, Rights SHANGHAI, WASHINGTON, United States, Washington, Shanghai, U.S, New York
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