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New York is the $1.35 trillion fund's only office outside mainland China besides Hong Kong. CIC asked Bai Xiaoqing, who was in charge of some of its private equity investments from Beijing, to move to New York for the North America head role, the sources said, requesting anonymity because the move has not been publicly announced. U.S. authorities have been especially suspicious of investments originating from entities close to China's communist government, like CIC. CIC is also a significant investor in U.S. private equity funds, as so-called alternative assets comprise almost half of its portfolio. One of its most prominent investments has been a $2.5 billion Goldman Sachs Group Inc (GS.N) private equity fund aimed at investing in companies that can benefit from closer U.S.-China ties.

Persons: Bai Xiaoqing, Zhang Hong, Bai, Zhang, Peng Chun, Larry Fink, Milken, Echo Wang, Roxanne Liu, Kane Wu, Greg Roumeliotis, Edwina Gibbs Organizations: China Investment Corp, North America, CIC, Foreign Investment, American Enterprise Institute, Public, Goldman Sachs Group Inc, China -, China - U.S . Industrial Cooperation Fund, Britain, BlackRock Inc, BlackRock, China's Ministry of Finance, Industrial, Commercial Bank of China, U.S . Treasury, Thomson Locations: North, New York, China, Hong Kong, Washington, Beijing, United States, U.S, China - U.S, BlackRock

☆ Global asset managers talk up China as long-term bet
▼ + stars: | 2023-11-08 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsHONG KONG, Nov 8 (Reuters) - Top executives at global asset managers on Wednesday talked up China at an event in Hong Kong on Wednesday, championing long-term investment opportunities in an economy battling to break free of pandemic disruption. "Long term, (China) has to be part of a global investment portfolio." Citadel Securities CEO Peng Zhao called China a driver of growth and innovation and said it was "baffling" to think otherwise. He also said Citadel doubled its Hong Kong headcount in the face of pandemic-induced challenges, leveraging the talent the city hosts and its connectivity to other markets. Quinn told the Hong Kong event on Tuesday that wealth flow from mainland China to Hong Kong has grown 3 to 4 times this year.

Persons: Dado Ruvic, Mark Wiedman, Wiedman, Mike Gitlin, Lei Zhang, Anne Richards, Invesco, Andrew Schlossberg, Peng Zhao, Zhang Yichen, Noel Quinn, Quinn, Kane Wu, Xie Yu, Sumeet Chatterjee, Christopher Cushing Organizations: REUTERS, West, Global Financial, Investment Summit, European Chamber of Commerce, Capital, Fidelity International, Citadel Securities, Citadel, Trustar, HSBC Group, Thomson Locations: HONG KONG, China, Hong Kong, West, Singapore

☆ Explainer: What is APEC? Asia-Pacific leaders head to San Francisco
▼ + stars: | 2023-11-01 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

REUTERS/Athit Perawongmetha/Pool/File Photo Acquire Licensing RightsWASHINGTON, Nov 1 (Reuters) - Leaders from the 21-member Asia-Pacific Economic Cooperation forum will meet in San Francisco this month for the 30th APEC summit, the first hosted by the United States since 2011. APEC leaders are due to gather between Nov. 15-17. From Nov. 11 senior APEC finance officials and ministers will meet ahead of the summit, while the annual APEC CEO summit will run from Nov. 14-16. As of 2021, APEC members made up seven of the United States' top 10 overall trading partners. FASHION SHOWTraditionally APEC leaders wear local costume for a final-day group photo.

Persons: Xi Jinping, Peng Liyuan, Prayuth Chan, ocha, Naraporn Chao, Athit, Joe Biden, Xi, Biden, Morris Chang, John Lee, Lee, Paul Chan, Vladimir Putin, Putin, Matt Goodman, BUZZWORDS, Goodman, Washington, Donald Trump, Bill Clinton, Barack Obama, David Brunnstrom, Michael Martina, Michelle Nichols, Matthew Lewis Organizations: Thai, Economic Cooperation, REUTERS, Rights, APEC, U.S, Reuters Hong, Hong, Financial, The State Department, White, Economic, Thomson Locations: Asia, Bangkok, Thailand, San Francisco, United States, China, Bali, Canberra, Australia, Brunei, Canada, Chile, Hong Kong, Indonesia, Japan, South Korea, Malaysia, Mexico, New Zealand, Papua New Guinea, Peru, Philippines, Russia, Singapore, Taiwan, Vietnam, India, Washington, U.S, Ukraine, APEC, Seattle, Francisco

Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. He, 68, replaced internationally respected Liu He as one of China's four vice premiers during its annual parliament session in March. The full scope of his portfolio had been largely unclear until Sunday when state media referred to him as the director of a powerful Communist Party economic body. "He Lifeng mainly implements policies from the top leader," said a policy adviser who spoke on condition of anonymity, referring to Xi. "Now under the leadership of the Party ... there will be closer cooperation among the top economic planner, central bank and the finance ministry."

Persons: Lifeng, Florence, Xi Jinping's, Liu, Xi, Liu He, Li Keqiang, Peng Liyuan, Kevin Yao, Laurie Chen, Joe Cash, Ellen Zhang, Marius Zaharia Organizations: REUTERS, Rights, Communist Party, Central Financial Commission, Harvard, Investors, State Council, Party, Xiamen University, National Development, Reform Commission, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, China's, Washington, Europe, Quanzhou, Fujian, Xiamen, Tianjin, Lincoln

☆ What is APEC? Asia-Pacific leaders head to San Francisco
▼ + stars: | 2023-11-01 | by ( David Brunnstrom | ) www.reuters.com time to read: +6 min

☆ Inside Citadel Securities' six-week-long training for newbie traders, where playing poker and learning to fail are part of the job
▼ + stars: | 2023-10-30 | by ( Emmalyse Brownstein | ) www.businessinsider.com time to read: +12 min

Citadel, a hedge fund, and Citadel Securities, its sister market-making firm, were founded by billionaire Ken Griffin in 1990 and 2002. This work-hard, play-hard culture is evident in the firms' training of new employees, including its most junior ranks. They also had a Q&A with Peng Zhao, the CEO of Citadel Securities, who touched on how to prioritize time and find ways to be a leader, among other topics. The training program hasn't always been quite this involved. Fan lives in New York and will be based in Citadel Securities' Manhattan office.

Persons: onboarding, Ken Griffin, Griffin, Pete Becker, PATRICK T, FALLON, Peng Zhao, hasn't, It's Becker's, Becker, Joe DeNotta, Olivia Fan, Olivia, DeNotta, would've, It's, Pete, Andrew, We'll, We've, They're, Fan Organizations: Citadel Securities, Disney, Citadel, New York Stock Exchange, Getty, Harvard, MIT Locations: Midtown, New York, Manhattan

☆ NBA 'first class' in China despite past turbulence, says Yao
▼ + stars: | 2023-10-25 | by ( Amy Tennery | ) www.reuters.com time to read: +2 min

President of Chinese Basketball Association and Ice and Snow Sports Promotion Ambassador Yao Ming attends a media event ahead of the Beijing 2022 Winter Olympics in Beijing, China January 17, 2022. REUTERS/Yew Lun Tian/File Photo Acquire Licensing RightsNEW YORK, Oct 25 (Reuters) - The National Basketball Association (NBA) and China may have encountered turbulence in their relations over the years but retired great Yao Ming told Reuters the league is still "first class" in his home country. Yao propelled the league's popularity in his home country but relations between China and the NBA have not always been smooth. "I have to say, the NBA is in the first class... (because) you know the players being exposed in China for so long," Yao said, when asked about the past issues between China and the NBA. "The players, the teams (are) all still very well welcome in China and (we had) a couple of players with (in) China just this past summer."

Persons: Yao Ming, Yao, Daryl Morey, Dwight Howard, Kyle Anderson, Jimmy Butler, Adam Silver, Silver, Peng Shuai, Peng, Amy Tennery, Echo Wang, Christian Radnedge Organizations: Chinese Basketball Association and, Snow Sports, REUTERS, National Basketball Association, Reuters, Chinese Basketball Association, Houston Rockets, NBA, Minnesota Timberwolves, FIBA, Miami, Women's Tennis Association, Thomson Locations: Beijing, China, United States, Hong Kong, Taiwan, New York

☆ Chinese augmented reality firm Xreal launches next-gen glasses in challenge to Meta and Apple
▼ + stars: | 2023-10-24 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +4 min

Xreal glasses allow users to have large-screen experiences of apps, such as streaming services or gaming. The Xreal Air 2 starts at $399 while the Pro versions starts at $449. The company said it has managed to use smaller displays inside the device, resulting in AR glasses that are 10% lighter than the previous generation. Jin said that Meta is meanwhile trying to bring its social network to virtual reality, which "has proven to be extremely challenging." The Xreal Air 2 glasses start at $399 and will be launched in the U.S., U.K. and selected European markets.

Persons: Xreal, Peng Jin, Mark Zuckerberg, Jin, Meta, Meta's, it's Organizations: Xreal, Tuesday, Apple, CNBC, Tech, International Data Corporation, IDC, Apple Vision, Facebook, Meta Locations: U.S, Europe

☆ Putin meets 'dear friend' Xi in Beijing. Here are the top 3 takeaways
▼ + stars: | 2023-10-18 | by ( Clement Tan | ) www.cnbc.com time to read: +7 min

Sergei Savostyanov | Afp | Getty ImagesChina President Xi Jinping and his Russian counterpart Vladimir Putin were all smiles when they met in Beijing. "Dear friend, I am very glad to see you again," Putin said in a statement ahead of his bilateral meeting with Xi Wednesday. Xi is also looking to Putin as China seeks to reinvigorate its economic foreign policy program. watch nowPutin traveled to Beijing, knowing Xi would guarantee his safety. Here are the main takeaways from the meeting, which underline why China and Russia share strong ties.

Persons: Vladimir Putin, Xi Jinping, Sergei Savostyanov, Putin, Xi, AidData, Mary, Srettha Thavisin, Viktor Orban, Dmitry Peskov, Peskov, Wang Yi, Faisal bin Farhan Al Saud, Biden, it's, Peng Liyuan Organizations: Sputnik, Forum, Afp, Getty Images China, Initiative, Xi, College of William, Moscow, European Union, EU, Rosneft, Gazprom, Tass, Soviet Union, Hamas, U.S, United, of, U.S . Department of Commerce, Getty Locations: Beijing, Ukraine, China, Russia, Thailand, Hungary, Israel, Gaza, Iran, United Nations, Saudi Arabia, Europe, U.S

☆ African ambassador criticizes IMF, World Bank for not giving enough loans
▼ + stars: | 2023-10-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

John Wessels | Afp | Getty ImagesBEIJING — An ambassador of an African country to China has criticized the International Monetary Fund and the World Bank for restrictive lending policies. "The problem is that the ratings we are making for the African [countries] should be different," Ibrahima Sory Sylla, ambassador for the West African country of Senegal, said Thursday at an event at Peking University. The research claimed every 1% increase in Chinese loans resulted in an increase of 0.176% in African economic growth. Allan Joseph Chintedza, ambassador of Malawi to China, said the report should look also at the repayment period for Chinese loans. The East African country needs to provide a "sustainability letter" from the Chinese government in order to borrow more from the IMF, Chintedza added.

Persons: John Wessels, Sylla, Poor's, Senegal's Sylla, Fitch, Wu Peng, Jang Ping Thia, Thia, Vladimir Putin, Allan Joseph Chintedza, Chintedza Organizations: Afp, Getty, BEIJING —, International Monetary Fund, World Bank, West, Peking University, Fitch, IMF, Bank, United, Loans, Boston, Global, Policy Center, CNBC, Asian Infrastructure Investment Bank, Initiative, Peking University's Institute, New Locations: Senegal's, Dakar, BEIJING, China, Senegal, West Africa, Africa, Beijing, Malawi

Box office receipts totaled 23.44 billion yuan ($3.2 billion) between June and September, the highest amount for that period in history, according to data from Dengta and Maoyan, China’s two major box office tracking apps. Ticket sales for the traditional high season between June and August soared to a record 20.6 yuan ($2.8 billion), smashing the previous summer peak of 17.8 billion yuan ($2.4 billion) recorded in 2019. “I’ve been a big fan of American and European movies,” Peng said. Powered by womenThat China’s recent box office boom has been driven by women is surprising given the gender imbalance in the country. So far this year, American films accounted for only about 14% of China’s box office, the second largest in the world, according to CNN calculations based on Dengta data.

Persons: Alibaba, ”, Stanley Rosen, Rosen, “, Fred Astaire, Ginger Rogers, Barbie ”, “ Oppenheimer, ” Perry Peng, she’s, “ We’ve, “ Barbie, “ I’ve, ” Peng, ” Pency Peng, Perry’s, Xuguang Chen, Chen, Kevin Tran, Tran Organizations: Hong Kong CNN, USC’s, China Institute, Warner Bros, CNN, School of Arts, Peking University, “, Morning, Hollywood Locations: China, Hong Kong, Dengta, United States, Shanghai, WarnerBros .

☆ China's consumer spending isn't roaring back to pre-pandemic levels yet
▼ + stars: | 2023-10-11 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Kevin Frayer | Getty Images News | Getty ImagesBEIJING — China's consumer spending still isn't growing as fast as it did before the pandemic, analysts said. Retail sales for the Sept. 29 to Oct. 5 holiday period rose by 9% from a year ago, according to state media reports of Ministry of Commerce data. China's retail sales fell by 0.2% in 2022, according to official figures. In the Asia-Pacific region, Chinese spending on luxury goods has already recovered to 2019 levels, the report said. Consumer spending has lagged China's overall economic growth since the pandemic started in early 2020.

Persons: Kevin Frayer, Christine Peng, Christine Peng UBS, Peng, Imke Wouters, Oliver Wyman, Wouters Organizations: Getty, BEIJING, Ministry of Commerce, UBS, CNBC, Consumers, Christine Peng UBS UBS, HSBC Locations: Beijing, China, Hainan, Europe, Asia, Pacific, U.S

☆ AMD to acquire AI software startup in effort to catch Nvidia
▼ + stars: | 2023-10-10 | by ( Max A. Cherney | ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsOct 10 (Reuters) - AMD said on Tuesday it plans to buy an artificial intelligence startup called Nod.ai as part of an effort to bolster its software capabilities. In its race to catch rival chipmaker Nvidia (NVDA.O), Advanced Micro Devices (AMD.O) plans to invest heavily in the critical software necessary for the company's advanced AI chips. Through more than a decade of work, Nvidia has built a powerful advantage in the AI chip market through the software it makes, and the software developer ecosystem. AMD has vowed to invest in and build a unified collection of software to power the various chips the company makes. Earlier this year, AMD created the AI group that will house the Nod.ai acquisition, Peng said.

Persons: Dado Ruvic, Victor Peng, Nod.ai, Peng, Boppana, Max A, Lincoln Organizations: REUTERS, AMD, Nvidia, Devices, Reuters, Artificial Intelligence, Thomson Locations: Santa Clara , California, San Francisco

☆ How GlobalFoundries aims to remain world’s third-biggest semiconductor foundry
▼ + stars: | 2023-10-01 | by ( Katie Tarasov | ) www.cnbc.com time to read: +10 min

Based in upstate New York, GlobalFoundries isn't a household name because it's manufacturing semiconductors that are designed and sold by other companies. "Look at every electronic device in your house, and I would bet you money that every one of those devices has at least one GlobalFoundries chip in it," Thomas Caulfield, GlobalFoundries CEO, told CNBC. GlobalFoundries chips are inside everything from smartphones and cars to smart speakers and Bluetooth-enabled dishwashers. Although GlobalFoundries' chips are considered legacy nodes, the process and resources needed are still incredibly complex. GlobalFoundries' Fab 8 in Malta, New York, where Equipment Engineering Manager Chris Belfi led CNBC's Katie Tarasov on a tour on September 5, 2023.

Persons: GlobalFoundries, it's, Thomas Caulfield, They're, GlobalFoundries isn't, Caulfield, Abu, Moorhead, Jerry Sanders, Katie Tarasov, Carlos Waters, Daniel Newman, couldn't, TSMC, China's, STMicroelectronics, Hui Peng Koh, that's, Chris Belfi Organizations: HK GM LMT, GlobalFoundries, CNBC, Bluetooth, Nvidia, Taiwan Semiconductor Manufacturing Company, Devices, AMD, Chartered Semiconductor, Nasdaq, Futurum, U.S, Semiconductor Manufacturing International, Samsung, fabs, United Microelectronics, we've, Upstate Locations: New York, China, U.S, Singapore, Germany, France, Malta , New York, Dresden, Malta, Vermont, South Korea, Taiwan, TSMC, Crolles, Chengdu, Upstate New York, Europe, Koh, Arizona, Asia

☆ Regular investors are shedding mega-cap tech in this sell-off — especially one name
▼ + stars: | 2023-09-28 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Analyst Peng Cheng found the electric vehicle maker suffered the highest outflows of all individual stocks from retail investors in the past week. That's part of a bigger trend among individual investors of gradually selling mega-cap technology names, the analyst added. In the past week, retail investors pulled a net $411 million freom Tesla. Fellow mega-cap tech stocks Amazon and Meta Platforms were also among the most sold by individual investors last week. That means it would eclipse even the SPDR S & P 500 ETF Trust (SPY) , which tracks the S & P 500.

Persons: Tesla, Peng Cheng, TSLA, Cheng, they're, Vanda, — CNBC's Michael Bloom Organizations: JPMorgan, Nasdaq, Vanda Research, Trust, Wall

Prime Minister Srettha Thavisin handed out gifts and posed for pictures as his tourism minister and other VIPs greeted about 300 travelers from Shanghai. He said that the government plans to promote Thailand’s smaller cities as destinations for Chinese tourists to encourage them to stay longer and spend more. Tourism Minister Sudawan Wangsuphakijkosol said there has been about a 30% surge in accommodation and flight bookings since the policy was announced. Chai Wacharonke, a spokesperson for the prime minister, earlier said that Thailand received 15 million international visitors in the first seven months. He said the government aims to draw 28 million tourists and generate 1.4 trillion baht ($39.2 billion) in revenue in 2023.

Persons: Srettha Thavisin, ” Srettha, Srettha, Dai, Chiang Mai, Peng, Wan Yi, Sudawan Wangsuphakijkosol, Thapanee Kiatphaibool, Chai Wacharonke Organizations: Bangkok’s, Central, Tourism, Tourism Authority of, Ministry of Tourism Locations: BANGKOK, Shanghai, Thai, Thailand, Bangkok, Phuket, Wan, Wat Arun, Chinatown, Central Asian, Kazakhstan, China, Tourism Authority of Thailand

☆ Citadel Securities is locked in a legal battle with 2 ex-staff who left to start a crypto firm and say they're victims of 'corporate bullying'
▼ + stars: | 2023-09-24 | by ( Chris Johnston | ) www.businessinsider.com time to read: +6 min

The venture has faced legal challenges by Citadel Securities, whose European arm filed a case in London in June 2022. Portofino said in its initial response that Citadel's legal action was "unmeritorious, anticompetitive and a classic example of corporate bullying." AdvertisementAdvertisementIn January 2022 Griffin sold a $1.2 billion stake in Citadel Securities to venture capital firms Sequoia and Paradigm. "Further, their attempt to improperly poach Vincent Prieur, a New York-based employee described as the 'aggregator of all things crypto' at Citadel Securities, is undisputed. Prieur, who later joined Portofino, had also been the subject of legal action by Citadel Securities that was settled out of court, Bloomberg reported.

Persons: Alex Casimo, Leonard Lancia, Ken Griffin, Griffin, Peter Thiel, Slack, Zalando, Portofino, Casimo, it's, Peng Zhao, Matt Huang, Lancia, poach Vincent Prieur, Prieur Organizations: Citadel Securities, Portofino Technologies, Citadel, New, Service, Ventures, Global Founders Capital, Global Founders, Lancia, London Court, Portofino, Court, Southern, of, Sequoia, Paradigm, Financial Times, Bloomberg Locations: New York, Wall, Silicon, Miami, Swiss, London, Europe, of New York, Portofino

☆ China's Wang claims maiden WTA title in Guangzhou
▼ + stars: | 2023-09-23 | by ( ) www.reuters.com time to read: +2 min

The 22-year-old Wang's victory marked the fourth time that a Chinese player has been crowned champion in Guangzhou, following Wang Qiang (2018), Zhang Shuai (2013, 2017) and Li Na (2004). "It was very exciting and it's a very emotional moment because in this tournament, every player is really tough," Wang said. "I wanted a title from the first day, even when I started tennis. China last hosted a WTA tournament in 2019, before the COVID crisis wreaked havoc on the global sports schedule. The WTA was widely praised for suspending tournaments in China but reversed its decision in April.

Persons: Wang Xiyu, Russia's Mirra Andreeva, Toby Melville, Magda Linette, Wang Qiang, Zhang Shuai, Li Na, Wang, I'm, Zhu Lin, Hua Hin, Zheng Qinwen, Peng Shuai, Peng, Shrivathsa Sridhar Organizations: Lawn Tennis, Croquet Club, WTA, Guangzhou, women's, Thomson Locations: London, Britain, Guangzhou, Palermo, China, Bengaluru

☆ Women’s tennis returns to China after Peng Shuai boycott
▼ + stars: | 2023-09-18 | by ( Jessie Yeung | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The Women’s Tennis Association (WTA) kicked off its first tournament in China in more than three years Monday, ending its boycott over the uncertain fate of tennis star Peng Shuai. Peng, a three-time Olympian and grand slam doubles champion, later denied having made the sexual assault claim. But despite the lack of such an investigation, Simon announced this April that the suspension, which he called a “principled stand,” would come to an end by September. The WTA had already pulled its tournaments in China in 2020 due to Covid-19 travel restrictions. Cornet had posted an Instagram story saying her season would only resume later in October, the newspaper said.

Persons: Peng Shuai, Peng, Zhang Gaoli, –, Zhang, Steve Simon, ”, Simon, ” Peng “, Alize Cornet, Cornet, ” Cornet Organizations: Hong Kong CNN, Tennis Association, United, Communist, WTA, Guangzhou, Olympic, Beijing Winter Games, Human Rights Watch, Reuters Locations: China, Hong Kong, United Nations, Beijing, Ningbo

A four-year absence of elite women’s tennis in China is set to end with the Women's Tennis Association holding seven tournaments in the next six weeks as part of the tour's Asian swing. Political Cartoons View All 1163 ImagesIn doubles, Peng won major championships at Wimbledon in 2013 and the French Open in 2014. She won 23 WTA titles in doubles and two in singles and represented China at three Summer Olympics. The China Open, a WTA and ATP 1000 event, follows from Sept. 28 and will see 2023 U.S. Open finalist, Aryna Sabalenka, debut as the new world No. In October, the tour moves to the WTA 500 Zhengzhou Open and WTA 250 Hong Kong with both tournaments starting Oct. 9.

Persons: Peng Shuai’s, Peng, Zhang Gaoli, Steve Simon, “ We’ve, ”, There’s, Alize Cornet, ” Cornet, Aryna Sabalenka, Iga Swiatek, Coco Gauff, Elena Rybakina, Jessica Pegula, Naomi Osaka, Sabalenka, — Organizations: Women's Tennis Association, WTA, Wimbledon, U.S, China Locations: China, Guangzhou, Ningbo, Hong Kong, Jiangxi, Asia, Zhuhai

☆ WTA must keep Peng case in public eye on China return, says human rights advocate
▼ + stars: | 2023-09-15 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +3 min

Peng then briefly disappeared from public view and the former doubles number one later denied making the accusation, sparking an international outcry over her safety. In meetings with Chinese officials and in public appearances, they should talk about Peng's case. And as for the WTA, it should keep pressing the case robustly and publicly." Reuters has contacted the WTA and Chinese Tennis Association for an update on efforts to speak to Peng since the tour's decision to return to China. This year, it will hold tournaments in Guangzhou (Sept. 18-23) and Ningbo (Sept. 25-30) before the season's final WTA 1000 event in Beijing (Sept. 30-Oct. 8).

Persons: China’s Peng Shuai, Canada’s Eugenie Bouchard, Edgar Su, Peng Shuai, Peng, isn't, Yaqiu Wang, Frenchwoman Alize Cornet, Le Parisien, Cornet, Shrivathsa Sridhar Organizations: Melbourne, REUTERS, Rights, WTA, Reuters, Freedom House, Chinese Tennis Association, Thomson Locations: Melbourne, Australia, China, Guangzhou, Asia, Ningbo, Beijing, Zhengzhou, Hong Kong, Nanchang, Zhuhai, Le, Bengaluru

☆ China can't just rely on boosting births to address aging population issues, Renmin University professor says
▼ + stars: | 2023-09-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

BEIJING — China can't just rely on increasing childbirths to address its aging population issues, said Du Peng, vice principal of Renmin University of China. Du is director of the university's Institute of Gerontology, which means relating to the elderly. China's population growth has slowed as births drop and lifespans increase. In the last ten years, Beijing has started to unwind strict policies that for about three decades had limited households to one child each. High education and housing costs, especially in the big cities where more jobs are located, has also discouraged households from having children.

Persons: Du Peng, Du Organizations: Renmin University of China, university's Institute of Gerontology, China's Ministry of Civil Affairs Locations: BEIJING, China, Beijing

☆ How Luckin Coffee overtook Starbucks as the largest coffee chain in China
▼ + stars: | 2023-09-12 | by ( Sheila Chiang | ) www.cnbc.com time to read: +6 min

SHENZHEN, CHINA - 2020/10/05: Chinese coffee shop chain Luckin Coffee logo seen at a store. Founded in 2017, Luckin Coffee burst onto the Chinese coffee scene to challenge Starbucks through affordable coffee options and mobile ordering. China is Starbucks' second-largest market after the U.S. Luckin Coffee grew to 10,829 stores in China at the end of June, surpassing Starbucks as the largest coffee chain brand in the country following what one analyst calls an "aggressive" expansion. Meanwhile, Starbucks' stores worldwide are company-owned and the American coffee chain does not franchise operations, according to its website. The Chinese coffee chain said that it sold 5.42 million Moutai alcohol-infused lattes on the first day of its launch.

Persons: Alex Tai, Li, Rahul Maheshwari, Luckin, Vivian Leung, Zhang Peng, Price, it's, Jianggan Li, Leung, Kweichow Moutai, Moutai, Shawn Yang, Yang, latte Organizations: Getty, Starbucks, U.S, Luckin, Momentum, Coffee, CNBC, Lightrocket, Brand Finance, Blue Lotus Research Institute Locations: SHENZHEN, CHINA, China, Singapore, Guangzhou, TIANJIN, Asia, Beijing

☆ Heavy flooding sets loose crocodiles in Southern Chinese village
▼ + stars: | 2023-09-12 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

The toothy reptiles were originally kept at a crocodile farm in Maoming, in the southern province of Guangdong. The outlet said it contacted local authorities who had warned residents not to venture out. A member of the emergency squad told Nanfeng Plus that they may have to euthanize the crocodiles rather than capture them. In China, crocodiles are prized for their skin and their meat is believed to have medicinal value in Traditional Chinese Medicine. Southern China and Hong Kong have been battered by downpours after typhoon Haikui ripped through the region last week.

Persons: Peng Cun Organizations: Hong Kong CNN — Authorities, Hai Bao News, Beijing, Nanfeng Locations: Hong Kong, Maoming, Guangdong, Shandong, China, Medicine, Southern China

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

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