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☆ China fires ICBM into Pacific Ocean in first such public test in decades as regional tensions flare
▼ + stars: | 2024-09-25 | by ( Nectar Gan | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China says it successfully fired an intercontinental ballistic missile into the Pacific Ocean on Wednesday, a rare public test that comes amid growing tensions with the United States and its regional allies. An ICBM carrying a dummy warhead was launched at 8:44 a.m. Beijing time and fell into a designated area in the high seas of the Pacific Ocean, the Chinese Defense Ministry said in a statement. This is the first time China has publicly announced a successful ICBM test in the Pacific Ocean in more than four decades. In 1980, China celebrated the successful test of its first ICBM, fired into the South Pacific from the Jiuquan Satellite Launch Center in the country’s northwestern desert. China held more than 500 operational nuclear warheads as of 2023 and will probably have over 1,000 warheads by 2030, the Pentagon said in its annual report on Beijing’s military last year.

Persons: China “, ”, Xi Jinping Organizations: Hong Kong CNN, Chinese Defense Ministry, People’s Liberation Army Rocket Force, Xinhua, ” Xinhua, Force, US Defense Department, Pentagon Locations: Hong Kong, China, United States, Beijing, Russia, Japan

☆ A glut of cheap Chinese goods is flooding the world and stoking trade tensions
▼ + stars: | 2024-03-28 | by ( Hanna Ziady | Laura He | ) edition.cnn.com time to read: +8 min

The oversupply of Chinese goods in key industries is stoking tensions between the world’s biggest manufacturer and its major trading partners, including the United States and the European Union. From clothes to carsChina’s exports of low-priced goods got a boost after it joined the World Trade Organization (WTO) in 2001. “What China exports is advanced production capacity that meets the needs of foreign customers,” Xinhua News Agency wrote. US President Joe Biden recently pledged to investigate whether imports of Chinese vehicles pose a national security threat. “But perhaps more importantly, persistent oversupply and low prices of Chinese goods will add to geopolitical tensions and keep the threat of tariffs and counter-tariffs alive,” she wrote in a recent note.

Persons: Hong Kong CNN —, ” Jens Eskelund, Xi Jinping, Huang Jingwen, ” Eskelund, Brad W, ” Markus W, Voigt, China’s BYD, Warren Buffett, Setser, Li Qiang, “, ”, Joe Biden, Jennifer McKeown, Shawn Deng Organizations: Hong Kong CNN, European Union, European Union Chamber of Commerce, Zero, of, People, China’s National Bureau of Statistics, Council, Foreign Relations, World Trade Organization, Aream Group, Tesla, Getty, China Development Forum, Xinhua, Agency, ., EV, European Commission, WTO, Capital Economics Locations: Hong Kong, United States, China, Europe, Beijing, Xinhua, China's Shandong, . Washington, Brussels

BEIJING (AP) — The former chairman of the Bank of China has been indicted on bribery charges, prosecutors said Monday, adding to a long list of business and government officials who have been brought down by Chinese leader Xi Jinping's yearslong anticorruption drive. Liu Liange is accused of taking advantage of his positions at the Bank of China and previously as president of the Export-Import Bank of China, the Supreme People’s Procuratorate said in a statement posted on social media. The state-owned Bank of China, one of the country's “Big Four” banks, has a major overseas presence. The Supreme People’s Procuratorate announced last month that Tang Shuangning, the former chairman of China Everbright Group, another state-owned bank, had been arrested on suspicion of embezzlement and bribery. Beyond finance, the former chairman of the Chinese Football Association was tried last month on charges of taking 81 million yuan ($11.2 million) in bribes.

Persons: Xi Jinping's, Liu Liange, People’s Procuratorate, Liu, Xi, Tang Shuangning Organizations: BEIJING, Bank of, Bank of China, Export, Import Bank of China, Xinhua News Agency, of, China Everbright Group, Xinhua, Chinese Football Association Locations: Bank of China, Jinan, China’s Shandong province, of China

HANGZHOU, China (AP) — The opening ceremony of the Asian Games on Saturday in China offered all the staples of a major international sports event. One big thing, however, was missing: real fireworks, the exploding kind that smell of power and burnt fuses. Instead, the high-tech games — billed of course as “green games” — offered electronic flash, 3D animations and a virtual torchbearer. Delayed for a year by the pandemic, the Asian Games are China's largest sports event since the country scrapped its zero-COVID-19 policy early in the year. China won almost 300 medals in the Asian Games five years ago and is sure to dominate again followed by Japan and South Korea.

Persons: Xi Jinping, —, Xi, Bashar al, Assad, Thomas Bach, King Norodom Sihamoni, Bach, Vladimir Putin, there’s, ___ Didi Tang Organizations: Asian Games, Sports Center, International Olympic, Olympic Council of, Hangzhou Asian, Xinhua, Olympics, China, —, Afghan, ___ AP Asia Locations: HANGZHOU, China, Hangzhou, Taiwan, North Korea, Hong Kong, Cambodia, Olympic Council of Asia, Russia, Paris, Beijing, Shanghai, “, Hangzhou Asian Games, Los Angeles, Brisbane, Australia, Japan, South Korea, Afghanistan, Washington, ___, asia

☆ Hosting Palestinian Leader, Xi Pushes China as a Peacemaker for Israel
▼ + stars: | 2023-06-14 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

The Chinese state media had also fiercely criticized the United States for failing to broker a settlement between the two. And on Wednesday, Mr. Xi put forward a three-part proposal for a two-state solution to the conflict, according to the state media. The plan appeared largely similar to a proposition that Mr. Xi had put forward in 2013, which failed to achieve any breakthroughs. “Justice must be returned to Palestine as soon as possible,” Xinhua, the state news agency, reported Mr. Xi as saying. “China is willing to play a positive role in helping Palestine achieve internal reconciliation and promote peace talks.”

Persons: Xi Jinping, Mahmoud Abbas, Abbas’s, Xi, ” Organizations: Palestinian, Palestinian Authority, Xinhua Locations: Beijing, United States, China, Israel, Palestine

Hong Kong CNN —An unprecedented wave of Covid cases in China has sparked panic buying of fever medicines, pain killers, and even home remedies such as canned peaches, leading to shortages online and in stores. Canned yellow peaches, considered a particularly nutritious delicacy in many parts of China, have been snapped up by people looking for ways to fight Covid. Its sudden surge in popularity prompted Dalian Leasun Food, one of the country’s largest canned food manufacturers, to clarify in a Weibo post that canned yellow peaches don’t have any medicinal effect. “Canned yellow peaches ≠ medicines!” the company said in the post published Friday. The drug shortage has spread from mainland China to Hong Kong, a special administrative region which has a separate system of local government.

President Joe Biden was among several world leaders to send his condolences to South Korea after at least 153 people were killed and 82 injured during Halloween festivities in a popular nightlife district, in the capital Seoul. Xi added that he hoped South Korea “will make every effort to cure and deal with the aftermath,” Xinhua reported. “I am devastated by news of the terrible incident in connection with Halloween celebrations in Seoul,” Norwegian Foreign Minister Anniken Huitfeldt said in a statement. German Chancellor Olaf Scholz wrote on Twitter that he was deeply shocked by the “tragic events in #Seoul” and added that “This is a sad day for South Korea. "My heart goes out to those who lost their loved ones and I wish a speedy recovery to the injured.

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