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☆ China is sending its highest-level delegation to North Korea since 2019 to kick off a ‘friendship year’
▼ + stars: | 2024-04-10 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +7 min

The three-day visit, at North Korea’s invitation, shows the “great importance” China attaches to those relations, a Chinese Foreign Ministry spokesperson said. The delegation will also arrive amid heightened global concern about North Korea, which has in recent months ramped up its bellicose rhetoric and continued its weapons testing. The trip could also be an important opportunity for the upper echelons of China’s political establishment to better understand the circumstances in North Korea today. Balance of powerChina has long walked a thin line in its relations with North Korea. It is a critical economic lifeline for a North Korea crippled by international sanctions over its illegal weapons testing.

Persons: Zhao Leji, ”, KCNA, Zhao, Xi Jinping, China’s, Joe Biden, Fumio Kishida, Kishida, Li Qiang, Liu Dongshu, …, ” Liu, Kim, Li Mingjiang, Vladimir Putin, Yun Sun Organizations: Hong Kong CNN — China’s, Beijing, Foreign Ministry, Japanese, CNN, Communist, North Korea –, Hong Kong’s City University, North, Singapore’s Nanyang Technological University, “, United Nations Security, Stimson Locations: China, Hong Kong, North Korea, Pyongyang, Beijing, Moscow, United States, North, Japan, South Korea, Ukraine, Asia, Washington, Philippines, Russia, North Korean, Covid, Pacific, American

☆ Bike lanes are good for business
▼ + stars: | 2024-03-07 | by ( Adam Rogers | ) www.businessinsider.com time to read: +13 min

Freaked-out business owners have been fighting bike lanes coast to coast, in cities from San Diego to Cambridge, Massachusetts. Rowe compared sales taxes in these “Neighborhood Business Districts” with those in similar districts in the city that didn’t get bike lanes. In one NBD, which replaced car lanes and three parking spots with two bike lanes, sales closely tracked those in the bike-less areas, both in peaks and troughs. Sometimes nothing changed, but more often the areas near bike lanes wound up with more employees and more revenue. It’s the new normal.” All the data in the world may prove that bike lanes are good for business.

Persons: —, ”, Joseph Poirier, Nelson Nygaard, “, It’s, I’ve, Kyle Rowe, Rowe, it’s, Poirer, Jenny Liu, Wei Shi, Liu, Poirier, Shi, ” Liu, downtowns, who’s, Larisa Ortiz, ” Poirier, Adam Rogers Organizations: —, University of Washington, New York City Department of Transportation, ”, San, Portland State University, Center for Urban Studies, Portland State, Boston Globe, Automobile, Getty, Business Locations: San Diego, Cambridge , Massachusetts, Los Angeles, Seattle, New York, Brooklyn, Manhattan, Bronx, ”, San Francisco, there’s, Oregon, Portland, San Francisco , Minneapolis, Memphis, Minneapolis, America’s, downtowns, United States, Chicago ; New York City, Angeles

☆ Congressional probe finds communications gear in Chinese cranes, raising spying concerns
▼ + stars: | 2024-03-07 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +4 min

CNN —Some Chinese-made cranes used at US ports contain communications equipment with no clear purpose or record of their installation, according to a new congressional investigation that will heighten US concerns that the cranes could be used for surveillance or sabotage. It comes amid heightened US-China tensions over national security and as the Coast Guard last month ordered the ports to better secure the Chinese-made cranes. The modems were found “on more than one occasion” on the ZPMC cranes, the aide said. Chinese-made cranes account for nearly 80% of the cranes used at US ports, according to the Coast Guard. Having modems embedded in cranes’ operational systems “physically bypasses” the ports’ traditional IT security defenses, Ayala told CNN.

Persons: Mark Green, ZPMC, “, Liu Pengyu, ” Liu, John Vann, ” Cary Davis, ”, Biden, Marco Ayala, Ayala Organizations: CNN, Homeland Security, Coast Guard, CCP, Chinese Communist Party, ”, House Homeland Security, “, Embassy, Street Journal, Coast Guard Cyber Command, American Association of Port Authorities, U.S . Coast Guard, InfraGard National, Alliance Locations: China, Washington ,, Houston

☆ US officials combing leaked documents from Chinese tech firm for clues about Chinese hacking campaigns
▼ + stars: | 2024-02-22 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +6 min

CNN —US officials have been scouring a trove of newly leaked documents from a Chinese tech firm for clues on how the government in Beijing allegedly uses the company in extensive hacking campaigns, multiple US cybersecurity officials familiar with the matter told CNN. The documents, posted anonymously online last weekend for anyone to access, include screenshots of chat logs, as well as records of employees and Chinese government clients of the tech firm I-Soon. “This is some of the best visibility we’ve had into Chinese hacking operations outside of a government SCIF,” said Adam Kozy, who used to track Chinese hackers for the FBI, using an acronym for classified facilities. In a leaked marketing presentation, I-Soon touted its participation in an unspecified hacking project for China’s Ministry of Public Security in 2018. The project “achieved significant results” and received “recognition and praise” from Chinese officials, according to a presentation slide.

Persons: Biden, ”, Adam Kozy, I’m, ” Liu Pengyu, Wu Haibo, Beijing’s, Christopher Wray, Dakota Cary, ” GitHub, “, Wu, Obama, Xi Jinping, Adam Meyers, CrowdStrike, Meyers Organizations: CNN, FBI, Embassy, Telecom, China’s Ministry of Public Security, US Justice Department, US Locations: Beijing, Taiwan, India, Hong, Sichuan, China, Washington ,, Shanghai, Dakota, Asia, South Korea, Kazakhstan, Afghanistan

☆ Europe is nervous about a potential Trump win. China sees an opportunity
▼ + stars: | 2024-02-19 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

China – which has not condemned Russia’s invasion and claims impartiality in the conflict – has also emerged as a key lifeline for the sanctions-hit Russian economy. In Europe, this has galvanized concerns about China’s own global ambitions and played a role in the European Union’s ongoing push to recalibrate its policy toward China. EU foreign policy chief Josep Borrell reiterated the EU’s “expectation that China refrains from supporting Russia,” in a meeting with Wang Friday. “As long as war in Ukraine continues, EU policies toward China will move into closer alignment with the US. As president, Trump not only voiced skepticism of the system of US alliances in Europe, but leveraged tariffs on European steel and aluminum, sparking retaliatory measures on US goods from Europe.

Persons: Hong Kong CNN —, Wang Yi, Wang, Donald Trump, Trump, ” Wang, Alexey Navalny, Vladimir Putin’s, “, ”, Noah Barkin, Maxym Marusenko, Putin, Xi Jinping, –, Jens Stoltenberg, Josep Borrell, Christoph Heusgen, Dmytro Kuleba, Xi, hasn’t, It’s, Kuleba, Vladimir Putin, Xie Huanchi, Yu Jie, ‘, Liu Dongshu, “ Wang Yi, China …, ” Liu, Emmanuel Macron, GMF Organizations: Hong Kong CNN, Munich, Washington, NATO, German Marshall Fund of, Communist Party, Wang Friday, Bloomberg, CNN, China’s, Ministry, ”, Ukrainian, Security, Beijing, Peace, Getty, ’ Observers, US, Chatham House, City University of Hong, “, White Locations: China, Hong Kong, States, Europe, Ukraine, Beijing, Munich, Moscow, Russia, United States, Russian, Ukraine's Kharkiv, West . China, Taiwan, EU, ”, China’s, Asia, Pacific, ” Beijing, Switzerland, Xinhua, London, Spain, France, City University of Hong Kong’s, Washington, York

☆ Lolita style, explained: Why the Japanese-born, Victorian-inspired street style enchants women around the world
▼ + stars: | 2024-01-25 | by ( Scottie Andrew | ) edition.cnn.com time to read: +10 min

Her youthful obsession realized in front of her, Ella was inspired to buy her first piece of Lolita fashion in 2015, from the popular Lolita e-tailer Angel Pretty. While Lolita style is named after Vladimir Nabokov’s eponymous teen in the controversial 1955 novel, the overlap ends there. Even 1950s-style American prom dresses, with their extravagant skirts and bodices, influence contemporary Lolita fashion, he said. The skirt's fullness, achieved through the use of a petticoat, is a key characteristic of Lolita fashion. Ella says her personal Lolita style is a blend of classic and sweet, with a healthy dose of prints and patterns.

Persons: Ella hadn’t, waltzed, ”, Ella, Lauren, Shelby Knowles, Pretty, ” —, She’s, it’s, Michelle Liu Carriger, Bianca, Kandace, Vladimir Nabokov’s, Masafumi, Monden, accessorized, Lolitas, Marie Antoinette, Brigitte Bardot, Jane Birkin, ” Monden, ” Liu Carriger, lacy Lolita, Kei, don’t, Liu Carriger, Nghi, Mary, Jane heels, substyles Organizations: CNN, American, UCLA’s School of Theater, Film, Television, University of Sydney, New, Asahi Shimbun, Pink House Locations: California’s Bay, Japan, America, San Francisco , California, US, Oakland , California, Australia, British, Otaru, Hokkaido, Tokyo, Lolitas, California

☆ Former Harvard disinformation scholar says she was pushed out of her job after college faced pressure from Facebook
▼ + stars: | 2023-12-04 | by ( Donie O'Sullivan | Clare Duffy | ) edition.cnn.com time to read: +2 min

CNN —A nationally recognized online disinformation researcher has accused Harvard University of shutting the project she led to protect its relationship with mega-donor and Facebook founder Mark Zuckerberg. The allegations, made by Dr. Joan Donovan, raise questions about the influence the tech giant might have over seemingly independent research. Beginning in 2018, Dr. Donovan worked for the Shorenstein Center at Harvard University’s John F. Kennedy School of Government, and ran its Technology and Social Change Research Project, where she led studies of media manipulation campaigns. But last year Harvard informed Dr. Donovan it was shutting the project down, Donovan claims. The Chan Zuckerberg Initiative is the philanthropy run by Zuckerberg and his wife, Priscilla Chan, who both attended Harvard.

Persons: Mark Zuckerberg, Joan Donovan, Donovan, Harvard University’s John F, Dr, Miguel Cardona, Chan, Chan Zuckerberg, Zuckerberg, Priscilla Chan, ” Libby Liu, Frances Haugen, “ We’ve, ” Liu Organizations: CNN, Harvard University, Meta, Shorenstein, Harvard University’s, Kennedy School of Government, Technology, Research, Harvard, US Education, University, Initiative, The Washington Post, Post, Big Energy, Big Pharma

☆ On sidelines of APEC Summit, Xi Jinping vows to be a ‘partner and friend’ of the US
▼ + stars: | 2023-11-16 | by ( Nectar Gan | Juliana Liu | ) edition.cnn.com time to read: +7 min

CNN —China is willing to be “a partner and a friend” of the United States, Chinese leader Xi Jinping told American business leaders in San Francisco on Wednesday, as he sought to court US businesses amid a decline in foreign investment in China. “China is willing to be a partner and friend of the United States,” he added. China is happy to see a confident, open and prosperous US,” Xi said. Xi recalled entering the US on that trip through San Fransisco, which he said formed his “first impression” of America. Under Xi, China has further expanded the scope of its anti-espionage law, raided US consultancy and due-diligence firms and detained executives in the name of national security, sending a chill through the foreign business community.

Persons: Xi Jinping, Xi, ” Xi, Tim Cook, Elon Musk, Joe Biden, ”, Biden, Dexter Roberts, Roberts, “, ’ “ Liu Dongshu, ” Liu, Fred Hu, ” Hu, China “ Organizations: CNN, Economic Cooperation, Apple, Tesla, US, China Business Council, National Committee, China Relations, Flying Tigers, Mansfield Center, University of Montana, City University of Hong, Primavera Capital Group, Bloomberg, Economy, China Locations: China, United States, San Francisco, Asia, Japan, Iowa, America, San Fransisco, City University of Hong Kong, Xi, Singapore

CNN —The Chinese government has built up the world’s largest known online disinformation operation and is using it to harass US residents, politicians, and businesses—at times threatening its targets with violence, a CNN review of court documents and public disclosures by social media companies has found. Victims face a barrage of tens of thousands of social media posts that call them traitors, dogs, and racist and homophobic slurs. While tech and social media companies have shut down thousands of accounts targeting these victims, they’re outpaced by a slew of new accounts emerging virtually every day. As part of a mission “to manipulate public perceptions of [China], the Group uses its misattributed social media accounts to threaten, harass and intimidate specific victims,” the complaint states. In the past, the Spamouflage network mostly focused on issues domestically relevant to China.

Persons: –, Xi Jinping, Biden, Mike Gallagher, Chen Pokong, ”, Chen, “, Spamouflage’s, Liu Pengyu, ” Liu, Jiayang, Darren Linvill, hasn’t, Fan, Communist Party playbook, Mandiant, Nancy Pelosi, ” Ben Nimmo, George Floyd’s, Ben Nimmo, Lindsay Gorman, Gorman, ” Linvill, Linvill, Spamouflage, Jiajun Qiu, Qiu, ” Qiu Organizations: CNN, US State Department, FBI, Communist Party, Meta, Google, ”, CCP, US Department of Justice, Department, DOJ, China’s Ministry of Public Security, Group, New Yorker, telltale, Media, Clemson University, Capitol, Department of Homeland Security, Marshall Fund’s Alliance, Securing Democracy, YouTube Locations: United States, Beijing, San Francisco, China “, New York, China, New York City, America, Washington, Hong Kong, US, Texas, Virginia, Manassas , Virginia

☆ Secretive Taiwanese power plant opens to public for the first time — as an art space
▼ + stars: | 2023-11-02 | by ( Wayne Chang | ) edition.cnn.com time to read: +6 min

Beigan, Taiwan CNN —In a sleepy Taiwanese island village just eight miles off the coast of mainland China, scooters whiz past an unassuming building that has stood here, largely overlooked, for decades. YI.ng Lighting DesignKnown locally as Jun Hun (or “Army Soul”), a nickname shared with the Taiwanese army division that built it, the Beigan Power Plant entered service in 1975 and became a linchpin of the local economy before closing in 2010. Art in the ‘heart’ of MatsuThe transformed Beigan Power Plant is the flagship venue of the Matsu Biennial, which runs through November 12 and features artworks exploring the outlying islands’ heritage, cultural identity and military past. “The power plant is the heart of Matsu that hasn’t stopped beating, and the generators are the essence of the power plant,” Liu said told CNN at the studio he shares with Chu. “I want to use sound to breathe new life into the deserted power plant, so that viewers can grasp what it was like when these generators were still running,” Wang told CNN at her studio.

Persons: Taiwan CNN —, —, Hun, ”, Mao Zedong’s, Matsu —, Matsu, Annie Chu, Liu Ping, hasn’t, ” Liu, Chu, Kinmen, Wang Yu, ” Wang, ” Chu Organizations: Taiwan CNN, Matsu, Taiwanese, Plant, Kuomintang, KMT, People’s Liberation Army, CNN, Visitors, Beigan, Matsu Biennial Locations: Beigan, Taiwan, China, Matsu, Taiwan’s, Taipei, Wang, Beijing

☆ Taiwan’s Foxconn to build ‘AI factories’ with Nvidia
▼ + stars: | 2023-10-18 | by ( Eric Cheung | ) edition.cnn.com time to read: +5 min

Taipei CNN —Taiwan’s Foxconn says it plans to build artificial intelligence (AI) data factories with technology from American chip giant Nvidia, as the electronics maker ramps up efforts to become a major global player in electric car manufacturing. Foxconn Chairman Young Liu and Nvidia CEO Jensen Huang jointly announced the plans on Wednesday in Taipei. The duo said the new facilities using Nvidia’s chips and software will enable Foxconn to better utilize AI in its electric vehicles (EV). Nearly 14 million electric cars will be sold in 2023, it projected. REUTERS/Ann Wang Ann Wang/ReutersDuring last year’s tech day, Liu told reporters that the company hoped to build 5% of the world’s electric cars by 2025.

Persons: Taipei CNN — Taiwan’s Foxconn, Young Liu, Jensen Huang, ” Huang, “, ” Liu, Foxconn, ”, Kylie Huang, Ann Wang Ann Wang, Liu, Chiang Shang, TSMC, Jun Seki, Bill Russo, Automobility, Tesla, ‘ I’m, ’, ” Hanna Ziady Organizations: Taipei CNN, Nvidia, Foxconn, Global, International Energy Agency, Hai Technology Group, Daiwa, Tech, REUTERS, Reuters, Lordstown Motors, General Motors, EV, Nissan Motor, Infineon Technologies Locations: Taipei, Taiwan, Kaohsiung, EVs, Ohio, Chiang, German, Shanghai

CNN —China appears to have suspended its surveillance balloon program following a major diplomatic incident earlier this year, when one of the country’s high-altitude spy balloons transited the United States, multiple sources familiar with US intelligence assessments told CNN. The apparent suspension of the program comes as both the US and China have sought to stabilize an increasingly tense relationship. The US assessed at the time that the spy balloon was part of an extensive surveillance program run by the Chinese military, CNN has previously reported. “We believe that (the balloon) did not collect while it was transiting the United States or flying over the United States, and certainly the efforts that we made contributed,” Pentagon Press Secretary Brig. The more sensitive radar systems led the US military to spot more unidentified objects in US airspace, however, leading to three additional shootdowns of unidentified high-altitude objects in the weeks following the Chinese balloon incident.

Persons: Liu Pengyu, majeure, ” Liu, Joe Biden, Xi Jinping, Xi “, Xi, ”, Biden, Antony Blinken, Nancy Pelosi, enraging Xi, Christopher Johnson, Johnson, ’ ” Johnson, Pat Ryder Ryder, Trump, Glen VanHerck Organizations: CNN, Communist Party, US, Economic Cooperation, CIA, Center for Strategic, International Studies, Foreign Ministry, FBI, Pentagon, Northern Command, North American Aerospace Defense Command Locations: China, United States, American, Beijing, Taiwan, Hainan, Alaska, Canada, Idaho, Montana, Asia, San Francisco, United

CINCINNATI (AP) — Ruixin Liu of China was still suffering from allergies that forced her to withdraw from the LPGA Tour event last week. Liu said she still didn't have a clear head for the opening round in Cincinnati and has no idea why she played so well. Thompson is having her worst year on the LPGA Tour but still made the Solheim Cup team through the women's world ranking. The LPGA Tour is coming off a week that delivered one of the biggest surprises of the year. She is a six-time winner on the Futures Tour but has never finished in the top 10 on the LPGA Tour in individual play.

Persons: — Ruixin Liu, Liu, Peiyun Chien, Elizabeth Szokol, Dottie Ardina, Linnea Strom, ” Liu, “, ”, Emily Kristine Pedersen of, Charley Hull, Madelene, Jennifer Kupcho, Ally Ewing, Rose Zhang, Lexi Thompson, Thompson, Lydia Ko, Ruoning Yin, Chanettee Wannasaen, I’m, Ardina, ” Ardina Organizations: CINCINNATI, LPGA, Kroger, City, Kenwood Country Club, Portland, Queen City, Solheim, Emily Kristine Pedersen of Denmark, Kenwood, PGA Locations: China, Peiyun, Cincinnati, Spain, Europe, Sweden

A record 38 QDII funds had been launched this year until August 17, outpacing the 31 funds launched in 2022, Morningstar data shows. Tianhong, which is planning new QDII products, obtained a $120 million fresh QDII quota in July, less than it had hoped for. Rather than foreign capital selling China equities, this time it's Chinese investors’ outbound investment,” Liu said. HUGE DEMANDThe QDII program, launched in 2006, remains a key outbound investment channel for mainland Chinese investors, alongside the Qualified Domestic Limited Partnership (QDLP) programme. Tracy Liu, an individual investor working in the information technology industry, invested in an India-focused QDII fund in March.

Persons: Aly, Ivan Shi, Liu Dong, Becky Liu, Liu, ” Liu, Desiree Wang, Tracy Liu, Summer Zhen, Samuel Shen, Jason Xue, Vidya Ranganathan Organizations: REUTERS, Morningstar, Domestic Institutional, Nasdaq, Ben Advisors, Connect, Bond, U.S, Dow Jones, State Administration of Foreign Exchange, Tianhong, Management, Ant Financial, Standard Chartered Bank, Reuters, Qualified Domestic Limited, Asset Management Association of China, Guangfa NASDAQ, Technology, Morgan Asset Management, Morgan Asset Management China, Thomson Locations: Shanghai, Shenzhen, China, U.S, HONG KONG, SHANGHAI, Hong Kong, Vietnam, India, outflows, Japan, Russia

☆ Chinese stocks get brief uplift from first share dealing tax cut since 2008
▼ + stars: | 2023-08-28 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China has made a series of moves to restore investor confidence in the world’s second largest economy, including cutting a tax on stock trading for the first time since 2008. Foreign investors dumped billions of dollars worth of Chinese stocks over the past few weeks as the prospects for the economy dimmed. The announcements boosted Chinese stocks on Monday. Separately on Sunday, the China Securities Regulatory Commission (CSRC) the country’s top securities watchdog, also unveiled several measures to “boost investor confidence” in the sagging stock market. Chinese stock markets have declined sharply in recent weeks, as investors fretted about a worsening slowdown in the world’s second largest economy and its real estate crisis.

Persons: ”, Chris Liu, ” Liu, Ken Cheung, Seng Organizations: Hong Kong CNN, Ministry of Finance, State Administration of Taxation, China Securities Regulatory Commission, Hong Kong’s Stock Connect, China’s, Mizuho Bank, Shanghai Locations: Hong Kong, China, Beijing, Shanghai, Shenzhen, China’s Shanghai

Stringer/AFP/Getty Images“Invisible age discrimination for 35-year-olds has always existed in the workplace,” lawmaker Jiang Shengnan told the gathering, reported state-run China Youth Daily. “Although I had really good work experience and a master’s degree, I’m really uncompetitive after 35 years old,” Tao Chen said in his Douyin video. New twist on an old storyFor many Chinese women, the “curse” builds upon and further compounds the entrenched gender discrimination that has long plagued the workplace. And even in areas where some protection was offered – such as for mothers taking maternity leave – enforcement of the law is weak, and gender discrimination remains common, she said. Costfoto/NurPhoto/Getty Images“A large amount of age discrimination is intersectionality – discrimination of age, gender, pregnancy, and caregiving duties,” said the assistant professor.

Persons: Han, She’s, “, ”, don’t, –, Stringer, Jiang Shengnan, hadn’t, Tao Chen, ” Tao Chen, Liu, ” Liu, Yiran Zhang, Zhang, Liu – Organizations: Hong Kong CNN, CNN, Communist Party, Getty, Central Party School, Chinese Communist Party, Xinhua, ageism, Sichuan University, Cornell Law School, Employees Locations: Hong Kong, Beijing, China, Congjiang, AFP, Xinhua, “, Shenzhen, Suqian, Shenzhen –

☆ Pro-Chinese online influence campaign promoted protests in Washington, researchers say
▼ + stars: | 2023-07-24 | by ( Sean Lyngaas | ) edition.cnn.com time to read: +2 min

CNN —A Chinese marketing firm likely organized and promoted protests in Washington last year as part of a wide-ranging pro-Beijing influence campaign, according to new research. One of the protests only attracted roughly a dozen people but it showed the scope and ambition of the pro-China efforts. The hired protesters, who included self-proclaimed musicians and actors in the Washington, DC, area, apparently had no idea they were being enlisted in a pro-China influence campaign, the Mandiant researchers said. Haixun, the Chinese firm, distributed videos of the protesters online to further the influence campaign, according to Mandiant. Liu Pengyu, a spokesperson for the Chinese Embassy in Washington, said he was unaware of the details of the research.

Persons: Mandiant, ” Ryan Serabian, Liu Pengyu, ” Liu, Joe Biden, Republican Sen, Marco Rubio Organizations: CNN, China, Shanghai Haixun Technology, Embassy, Washington Post, stoke American, FBI, Republican Locations: Washington, Beijing, China, Xinjiang, DC, Shanghai, Mandiant, Russia, Marco Rubio of Florida

☆ TSMC says skilled worker shortage delays start of Arizona chip production
▼ + stars: | 2023-07-21 | by ( ) edition.cnn.com time to read: +2 min

“While the company’s declining revenue and profit were disappointing, its long-term growth prospects remain encouraging,” said Brady Wang, associate director at Counterpoint Research. “The short-term frenzy about the AI demand definitely cannot extrapolate for the long term. Still, the company’s earnings of 181.8 billion Taiwan dollars ($5.85 billion) for the quarter ending in June beat forecasts. “We see TSMC well-positioned for a strong growth outlook in 2024,” Goldman Sachs said in a research note. “We expect a solid 2024-onward outlook on the back of its leading position in AI chip manufacturing,” Citi Research analysts said in a note.

Persons: ”, Brady Wang, Mark Liu, ” Liu, ” Goldman Sachs, “ Organizations: Taiwan Semiconductor Manufacturing, Counterpoint Research, ”, ” Citi Research Locations: Arizona, Taiwan

☆ Why the US ‘does not get to assume that it lasts forever’
▼ + stars: | 2023-07-04 | by ( Ronald Brownstein | ) edition.cnn.com time to read: +18 min

“We need to separate by red states and blue states and shrink the federal government,” Greene said in a tweet on President’s Day this year. Blue state governors, legislatures and mayors might respond to such an offensive in forceful ways difficult to predict today. The Republican-appointed majority on the US Supreme Court has encouraged the red state social offensive with decisions that stripped away national rights – most prominently on abortion and voting. “Given the make-up of the courts, it’s difficult for blue states to be hopeful about this,” says Kettl. “The United States does not get to assume that it lasts forever.”

Persons: we’ve, ”, Donald Kettl, Donald Trump, I’ve, ’ “, Trump, Daniel Cox, Alan Wolfe, Wolfe, ” Wolfe, “, Joe Biden, Trump –, Abraham Lincoln, Marjorie Taylor Greene, Kevin McCarthy, ” Greene, Susan Stokes, Stokes, he’s, Biden, Jim Crow, Cox, Michael Podhorzer, what’s, MAGA, Eric Liu, Liu, Richard Nixon’s, Liu’s, ” Liu Organizations: CNN, America, University of Maryland’s School of Public Policy, Republican “, American Enterprise Institute, Boston University, Republican, Democratic, Chicago Center, Democracy, University of Chicago, CBS, Trump, National Guard, Fugitive, “, US, GOP, White House, AFL, Citizen University Locations: United States, States, America, Black, Confederate States, Georgia, Midwest, Heartland, Great, New York, Memphis, Austin, Blue, Michigan , Pennsylvania, Wisconsin, Arizona

☆ China has an inflation problem. It’s way too low
▼ + stars: | 2023-04-24 | by ( Laura He | ) edition.cnn.com time to read: +6 min

That’s raising the specter of a tailspin of falling prices and wages from which the economy may struggle to recover. “Our core view is that China’s economy is deflationary,” wrote Raymond Yeung, chief economist for Greater China at ANZ Research, last week, soon after China released its first-quarter GDP growth figures. Instead of spending money, people are hoarding cash at a record rate. “Even with a conservative estimate, 500 billion yuan in consumption vouchers will drive one trillion yuan in overall consumption, ” Li said in a video posted on his Weibo social media account on Tuesday. In return, the government could receive at least 300 billion yuan through taxes generated by the increase in spending, he said“So it only takes 200 billion yuan in spending for the central government to drive one trillion yuan in consumption,” he said.

☆ Davos: No recession after all? Business leaders more hopeful as China reopens
▼ + stars: | 2023-01-17 | by ( Julia Horowitz | ) edition.cnn.com time to read: +4 min

Davos, Switzerland CNN —Bullishness about the global economy has been in short supply among business leaders in recent months, with fears of recession clouding the outlook and restraining investment. That’s thanks in large part to China, whose sudden removal of strict coronavirus restrictions late last year is expected to unleash a wave of spending that may offset economic weakness in the United States and Europe. Near term, China is in the grip of its worst coronavirus outbreak, keeping many people indoors and emptying shops and restaurants in recent weeks. “I’m expecting a solid growth number for China in 2023,” said Kevin Rudd, president of the Asia Society and a former prime minister of Australia. “Maybe we will be surprised also in the first half of the year.”Averting a global recession is not a done deal, however.

☆ Kumail Nanjiani defends Tarantino and Scorsese’s right to criticize Marvel
▼ + stars: | 2023-01-12 | by ( Brahmjot Kaur | ) www.nbcnews.com time to read: +2 min

Kumail Nanjiani, star of Marvel’s “Eternals,” recently defended directors Martin Scorsese and Quentin Tarantino’s right to criticize Marvel Cinematic Universe. The actor, who played Kingo in the 2021 Marvel film, told Esquire in an interview this week he believes Tarantino and Scorsese’s long-standing contribution to the film industry is enough to justify their right. “I obviously love the movies Tarantino makes or Scorsese makes, and I may disagree with Scorsese’s opinion on superhero movies, but I mean, who else has earned the right to have an opinion? If Scorsese hasn’t earned the right to have an opinion on movies, then none of us should have an opinion on movies,” Nanjiani said in the interview. “If the only gatekeepers to movie stardom came from Tarantino and Scorsese, I would never have had the opportunity to lead a $400 million plus movie,” Liu tweeted.

☆ China reports first Covid deaths in weeks as virus surges through Beijing
▼ + stars: | 2022-12-19 | by ( ) www.nbcnews.com time to read: +3 min

Some fear China’s Covid death toll could rise above 1.5 million in coming months. It was not immediately clear which, if any, of these deaths were included in official death tolls. “The (official) number is clearly an undercount of Covid deaths,” said Yanzhong Huang, a global health specialist at the Council on Foreign Relations (CFR), a U.S. think tank. Overseas-developed vaccines are unavailable in mainland China to the general public, which has relied on inactivated shots by local manufacturers for its vaccine rollout. While China’s medical community in general doesn’t doubt the safety of China’s vaccines, some say questions remain over their efficacy compared to foreign-made mRNA counterparts.

☆ ‘Shang-Chi’ star Simu Liu pushes back on Quentin Tarantino’s anti-Marvel comments
▼ + stars: | 2022-11-22 | by ( Sandra Gonzalez | ) edition.cnn.com time to read: +2 min

“If the only gatekeepers to movie stardom came from Tarantino and Scorsese, I would never have had the opportunity to lead a $400 million plus movie,” Liu, the star of Marvel’s “Shang-Chi and the Legend of the Ten Rings,” wrote on Twitter. But they don’t get to point their nose at me or anyone.”He continued: “No movie studio is or ever will be perfect. As Liu referenced, Martin Scorsese is among the other legendary filmmakers who have publicly taken issue with the box office dominance of Marvel movies. “Shang-Chi and the Legend of the Ten Rings” made more than $432 million worldwide during the course of its box office run. As of last year, director Destin Daniel Cretton was set to develop a sequel.

☆ Beijing pushes back on FBI claims of Chinese ‘police stations’ in U.S.
▼ + stars: | 2022-11-19 | by ( ) www.nbcnews.com time to read: +2 min

China on Friday pushed back on claims it was operating ‘police stations’ on U.S. soil, calling the sites volunteer-run, after the FBI director said he was “very concerned” about unauthorized stations that have been linked to Beijing’s influence operations. Safeguard Defenders, a Europe-based human rights organization, published a report in September revealing the presence of dozens of Chinese police “service stations” in major cities around the world, including New York. The Embassy did not respond immediately to a Reuters request for a list of the sites. Members of the British parliament have also called for investigations into similar sites. Republicans in the U.S. Congress, including Representative Jim Banks, have requested answers from the Biden administration about the operations of the sites.

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