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China's retail sales beat expectations in May, climbing 3.7% compared with a year ago, beating expectations of a 3% rise from a Reuters poll of economists. However, other economic metrics, such as industrial output and fixed asset investment, missed Reuters forecasts. Industrial output grew by 5.6% year-on-year, compared to the 6% increase expected, while fixed asset investment rose 4% compared to last May, just shy of the 4.2% forecast by the Reuters poll. On the other hand, the miss in fixed asset investment was dragged by a steeper drop in real estate investment. NBS said that excluding real estate, total fixed asset investment was 8.6% higher compared to last May.

Organizations: Reuters, National Bureau, Statistics, NBS Locations: Hangzhou, Zhejiang Province, China

☆ Beijing doesn't think Biden and Trump administrations are good for China, professor says
▼ + stars: | 2024-05-23 | 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 doesn't think Biden and Trump administrations are good for China, professor saysCheng Li, founding director of the Centre on Contemporary China and the World at the University of Hong Kong, discusses why neither administration is good for China from the country's perspective.

Persons: Beijing doesn't, Biden, Trump, Cheng Li Organizations: Beijing, Contemporary, University of Hong Locations: China, Contemporary China, University of Hong Kong

☆ US political parties still have 'very important differences' on China
▼ + stars: | 2023-11-15 | 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 EmailUS parties still have 'very important differences' on China despite some bipartisanship: ProfessorCheng Li from Centre on Contemporary China and the World discusses importance of having international cooperation on AI governance and the 'tough-on-China' position in U.S. politics.

Persons: Cheng Li Organizations: Contemporary Locations: China, Contemporary China

☆ Singapore's prime minister pledges 'zero tolerance' after recent wave of political scandals
▼ + stars: | 2023-08-02 | by ( Clement Tan | ) www.cnbc.com time to read: +2 min

Singapore's prime minister Lee Hsien Loong vowed Wednesday to uphold "zero tolerance" toward any wrongdoing by government officials. His comments came after a wave of political scandals rocked the Southeast Asian nation in recent weeks, tarnishing the pristine image that underpins its standing as a global financial center. "The founding generation built up Singapore and entrusted it to our generation in good shape," Lee said in a parliamentary address Wednesday. Lee said actions taken after these scandals showed two aspects of how his PAP government works. "One, when there is a suspicion or allegation of wrongdoing in the discharge of official duties, especially possible corruption, there is zero tolerance," he said in the first parliamentary session after these events,.

Persons: Lee Hsien Loong, Lee, Iswaran, Ong Beng Seng, Tan Chuan, Jin, Cheng Li Hui, Shanmugam, Vivian Balakrishnan Organizations: Central Business District, Party, Home Affairs Minister, Foreign Locations: Bay, Singapore

☆ Singapore's 'squeaky clean' image takes a beating as scandals rock the government
▼ + stars: | 2023-07-19 | by ( Sumathi Bala | ) www.cnbc.com time to read: +7 min

watch nowOn Monday, Singapore's Prime Minister Lee Hsien Loong said he decided the incumbent speaker of the Singapore's Parliament Tan Chuan Jin "had to go." Lee Hsien Loong Singapore prime ministerSingaporeans, who are not used to political scandals, have taken to memes to express themselves. Singapore Prime Minister Lee Hsien Loong (L) shaking hands with a PAP supporter during a May election rally. SIMIN WANG | AFP | Getty ImagesThe prime minister sought to quickly control the damage, emphasizing the government's zero-tolerance on corruption to allay public concerns. The prime minister is seeking to hand over power to the next generation of leaders in the near future.

Persons: Lee Hsien Loong, Dr Koh Poh Koon, Ang Mo, Suhaimi Abdullah, Eugene Tan, Tan Ern Ser, Tan Chuan Jin, Tan, Cheng Li Hui, SMU's Tan, CNBC's, Ong Beng Seng, Felix Tan, NTU's Tan, SIMIN WANG, Lee Organizations: Action Party, Getty, Singapore Management University, CNBC, Party, National University of Singapore, Singapore's, Public Service, Nanyang Technological University, NUS, Singapore, AFP Locations: SINGAPORE, Singapore, Asia, Lee Hsien Loong Singapore

SINGAPORE, July 17 (Reuters) - Two senior lawmakers from Singapore's ruling party have resigned over their "inappropriate relationship", Prime Minister Lee Hsien Loong said on Monday, the latest high-profile scandal in a city-state otherwise known for its political stability. Resignations of senior PAP members are rare in Singapore, where the party has been in power since 1959, before the country's independence in 1965. Separately, the opposition Workers' Party (WP) said on Monday it was looking into an "inappropriate exchange" between two of its senior members after a video surfaced online that appeared to show them holding hands in a restaurant. Events like these are unusual in Singapore, which prides itself on being corruption-free and holding politicians to high moral standards. Political scientist Chong Ja Ian at the National University of Singapore said Monday's developments were "relatively controllable issues" that would not affect Singapore's political stability.

Persons: Lee Hsien Loong, Lee, Tan Chuan, Jin, Cheng Li Hui, Cheng, Ong Beng Seng, Chong Ja Ian, Chong, Chen Lin, Martin Petty, Kanupriya Kapoor Organizations: Action Party, Workers ' Party, WP, National University of Singapore, Thomson Locations: SINGAPORE, Singapore

☆ Two Singapore lawmakers resign after admitting to 'inappropriate relationship'
▼ + stars: | 2023-07-17 | by ( Sumathi Bala | ) www.cnbc.com time to read: +2 min

Lee Hsien Loong, Singapore's prime minister and leader of the People's Action Party (PAP), walks and talks with people in Singapore on Saturday, Sept. 5, 2015. Singapore's government was dealt a further blow on Monday, following the resignations of two lawmakers from the ruling party who admitted to an "inappropriate relationship" with each other. "Besides Mr Tan's recent unparliamentary language used, there is also the issue of his inappropriate relationship with fellow PAP MP Ms Cheng Li Hui. This is, in comparison, the more serious matter because he was the Speaker and she an MP, and there should not have not been a relationship," said Prime Minister Lee Hsien Loong during a press conference on Monday. Sudden resignations of senior PAP party members are rare in Singapore, where the ruling party has been in power since 1959, before the city-state's independence in 1965.

Persons: Lee Hsien Loong, Tan Chuan, Jin, Cheng Li Hui, Tan's, Ong Beng Seng, Iswaran, Lee, CPIB Organizations: People's Action Party, Party Locations: Singapore

☆ Google VP says this is the best way to build a 'happier, more successful' career
▼ + stars: | 2023-04-07 | by ( Morgan Smith | ) www.cnbc.com time to read: +1 min

Jenny Cheng likens her career to Goldilocks' search for the perfect bowl of porridge: She tried different roles at different companies, but none fit "just right." "Google had been talking to me on and off for years, but it was never the right time or quite the right role," says Cheng, who just celebrated one year as the vice president and general manager of Google Wallet. She got the call about the open role at Google Wallet in early 2022, about 10 months after leaving her VP role at PayPal, where she worked for four years. Before taking the job at Google, Cheng asked herself two questions to make sure the job aligned with her values and goals: "Is this work I am passionate about?" The secret to building a "happier, more successful career," Cheng has discovered, can be boiled down to two rules: Find work you're passionate about, and people you like doing it with.

☆ U.S. and China have a 'comprehensive' rivalry the U.S. hasn't seen since World War II: Think tank
▼ + stars: | 2023-02-06 | 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 EmailU.S. and China have a 'comprehensive' rivalry the U.S. hasn't seen since World War II: Think tankCheng Li of Brookings Institution says U.S.-China tensions are not so much the product of any one leader, but structural problems across military, economic and technological domains.

☆ How China planted an FBI mole who was discovered only after gutting the CIA's vast spy network
▼ + stars: | 2023-01-18 | by ( James Bamford | ) www.businessinsider.com time to read: +25 min

At the time, four years after the handover from Britain to China, much of Hong Kong remained a world of neon and noise. "Five years ago, everyone looked down on you if you spoke Mandarin," said a Beijing executive living in Hong Kong. As soon as the Hong Kong Arts Festival ended, the Hong Kong International Film Festival began. In February 2006, Alex Ma, China's mole in the FBI, sent David photos he received from his handlers of five suspected human sources. Born in Hong Kong like Alex, Lee grew up in Hawaii and became a naturalized U.S. citizen.

☆ Li Qiang will be China's next premier and he is seen as market-friendly: Brookings' Cheng Li
▼ + stars: | 2022-11-17 | 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 EmailLi Qiang will be China's next premier and he is seen as market-friendly: Brookings' Cheng LiCheng Li from the Brookings Institution talks about China's economic priorities under President Xi Jinping's third term.

☆ China's Xi deals knockout blow to once-powerful Youth League faction
▼ + stars: | 2022-10-26 | by ( Martin Quin Pollard | ) www.reuters.com time to read: +5 min

BEIJING, Oct 26 (Reuters) - The three most glaring omissions from China's new Communist Party leadership share one common trait: all rose through its Youth League and were considered members of a once-powerful faction whose influence Xi Jinping has now effectively crushed. "On Hu Chunhua, I think this has been Xi Jinping's main tactic of shutting down the youth league faction," said Victor Shih, an expert on elite politics in China and a professor at the University of California, San Diego. "They are completely defeated," said Cheng Li, a specialist on the transformation of political leaders in China, referring to the sidelining of the Youth League faction. The Youth League has been active in attacking foreign brands accused of misbehaviour in China, such as false advertising. The Youth League did not immediately respond to a request for comment on Wednesday.

☆ Li Xi gets graft-busting role on China's new Standing Committee
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +3 min

BEIJING, Oct 23 (Reuters) - Li Xi, the Communist Party chief of the economic powerhouse Guangdong province, assumed two new titles on Sunday when he was elevated to the elite Politburo Standing Committee and put in charge of the party's influential graft-busting body. Li's ties to Xi stem in part from his indirect links to Xi's late father, the Communist Party revolutionary Xi Zhongxun. His career took off in 2015 when he was appointed party secretary of Liaoning province in China's northeast. In 2017, he was named Guangdong party boss, a coveted role that propelled him onto the 25-member Politburo. All but one of the last five party chiefs in Guangdong, which borders Hong Kong, have subsequently joined the Standing Committee.

Promoted despite facing difficulties in leading China's capital, Cai is much like another Xi ally elevated to the Standing Committee, Shanghai Party Secretary Li Qiang. Cai and Li on Sunday joined a long list of Shanghai and Beijing Party bosses that have been promoted to the Standing Committee. Cai was promoted in 2014 to general office deputy director at the Beijing-based National Security Commission, a body founded and chaired by Xi. In 2017, just weeks after the 19th Party Congress, Cai faced loud public criticism over the forced eviction of migrant workers on Beijing's outskirts. A decade later, during a Beijing Party committee meeting on cyberspace and ideology hosted by Cai, no mention was made of citizens using social media to hold officials accountable.

☆ China shuffles leadership committee and retains many Xi allies
▼ + stars: | 2022-10-22 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

BEIJING — China announced Saturday its new central committee would include many known allies of Chinese President Xi Jinping, while several officials with more market-leaning tendencies were not on the list. That central committee then goes on to determine the core leadership — the Politburo and its standing committee. Four of the current seven members of the Politburo standing committee were not on the list. Li Qiang, Shanghai's party secretary, and his Beijing counterpart Cai Qi remained on the central committee list. Other Xi loyalists the Asia Society had identified were included in the list of new central committee members.

REUTERS/Thomas Peter/File PhotoHONG KONG, Oct 18 (Reuters) - As Xi Jinping consolidates power at China's 20th Communist Party Congress this week, Chinese women are not holding their breath for progress in gender equality. Mao Zedong, the founding father of the People's Republic, famously said "women hold up half the sky" and gender equality is enshrined in the country's constitution. "The trend (now) is usually women serve as a deputy or more symbolic position," he said. The sole current female member, Sun Chunlan, who has spearheaded China's zero-COVID policy, is 72 and expected to retire. The Chinese government body in charge of women's rights, the Women's Federation, did not respond to a Reuters request for comment.

☆ China's top leaders are set for a reshuffle. Here are the names to watch
▼ + stars: | 2022-10-10 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +8 min

China's top leadership team around President Xi Jinping is set to change this month at a twice-a-decade congress. One of the most closely watched changes in the political reshuffle is the future of Premier Li Keqiang, who turned 67 this year. However, he could remain a standing committee member, JPMorgan analysts said, pointing to a precedent at the 15th party congress. Huang Kunming — Politburo member and head of China's propaganda department, who worked closely with Xi in the provinces of Fujian and Zhejiang, the report said. Yang Jiechi, a 72-year-old Politburo member and director of the party's central committee foreign affairs office, is widely expected to retire.

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