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☆ Yellen China visit: The world is big enough for US and China, US treasury secretary says
  + stars: | 2023-07-08 | by ( Jennifer Hansler Nectar Gan Juliana Liu | Jennifer Hansler | Nectar Gan | ) edition.cnn.com   time to read: +5 min
Beijing/Hong Kong CNN —The world is big enough for both the United States and China to thrive, US Treasury Secretary Janet Yellen said Sunday as she wrapped up a visit to Beijing aimed at stablizing the relationship between the world’s two largest economies. But I expect that this trip will help build a resilient and productive channel of communication,” Yellen told a news conference in Beijing. “China believes that generalizing national security is not conducive to normal economic and trade exchanges,” it said. Yellen said she discussed with Chinese officials areas of cooperation on global challenges, including working together to mobilize multilateral financing for climate action. US climate envoy John Kerry is expected to visit China next, according to US Ambassador to China Nicholas Burns, though he did not provide a timetable for the trip.
Persons: Janet Yellen, Yellen, Li Qiang, Pan Gongsheng, ” Yellen, —, Thomas Peter, ”, “, Biden, That’s, John Kerry, China Nicholas Burns Organizations: Hong Kong CNN, Communist Party, Washington, Sunday, Reuters, US, China’s, Xinhua, China, Bain & Company, Group, Street, Politico, Ukraine Locations: Beijing, Hong Kong, United States, China, “, Japan, Netherlands, decouple, Shanghai, American, ”
☆ China raids offices of international consultancy Capvision in widening industry crackdown
  + stars: | 2023-05-09 | by ( Nectar Gan Juliana Liu | Nectar Gan | Juliana Liu | ) edition.cnn.com   time to read: +8 min
Hong Kong CNN —China’s state security authorities raided multiple offices of international advisory firm Capvision, state media reported Monday, part of a broader crackdown on the consulting industry as Beijing tightens control over what it considers sensitive information related to national security. The consultancy firm, which is headquartered in Shanghai and New York, adds to a growing list of global consulting companies that have been ensnared in Beijing’s widening crackdown on what it perceives as national security risks. In the report, Capvision was singled out as a “leading company” in the industry. According to state security police, he downloaded 5,000 documents from his state-owned company’s internal network. The authorities said he had provided clients with six pieces of information that were classified as state secrets, CCTV said.
☆ Foxconn protests: iPhone factory offers to pay its workers to quit and leave Zhengzhou campus
  + stars: | 2022-11-24 | by ( Nectar Gan Juliana Liu | Nectar Gan | Juliana Liu | ) edition.cnn.com   time to read: +7 min
“The new recruits had to work more days to get the bonus they were promised, so they felt cheated,” the worker told CNN. Apple, for which Foxconn manufactures a range of products, told CNN Business that its employees were on the ground at the Zhengzhou facility. Videos showed workers clashing with security guards and fighting back tear gas fired by police. More workers joined the protest after seeing livestreams on video platforms Kuaishou and Douyin, the Chinese version of TikTok, the worker told CNN. Having worked at the Zhengzhou plant for six years, he said he was now deeply disappointed by Foxconn and planned to quit.
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