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☆ Australia's Albanese to highlight trade on China visit as ties warm
▼ + stars: | 2023-11-03 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

A quarter of Australia's export earnings come from China, more than the next three trade partners, the United States, South Korea and Japan combined, Albanese said on Tuesday. "Trade as an anchor provides stability and certainty to allow greater engagement while we navigate uncertain currents and obstacles that lie beneath," said Australia China Business Council president David Olsson. Chairman of the Business Council of Australia's global engagement committee, Warwick Smith, said Albanese would highlight the complementary nature of bilateral trade in a speech on Sunday to 500 business people. DIFFICULT TOPICSChina has lauded the visit's timing, on the 50th anniversary of the first to China by an Australian leader, then Prime Minister Gough Whitlam. Although the Albanese government has put dialogue at the centre of its approach to China, most policy remains the same, he said.

Persons: Anthony Albanese, Albanese, Xi Jinping, Richard Marles, David Olsson, Li Qiang, Fortescue, " Olsson, Warwick Smith, Gough Whitlam, Penny Wong, Xiao Qian, Richard Maude, Thomas, Maude, Kirsty Needham, Robert Birsel Organizations: SYDNEY, Australia China Business, Fortescue Metals, Rio Tinto, BHP, Business Council, Asia Society Australia, America, Thomson Locations: China, Shanghai, South, Beijing, Australia, United States, Canberra, Britain, Washington, South Korea, Japan, Rio, CIIE, Philippines, Taiwan

WASHINGTON (AP) — Washington wants to build an economic relationship with Beijing that takes into account national security and human rights and is fair to both sides, Treasury Secretary Janet Yellen said on Thursday. In her speech, Yellen said Washington will not cut its economic ties with Beijing but pursue a “serious and clear-eyed" approach. “As I’ve said, the United States does not seek to decouple from China. “The United States has long been a Pacific nation, and it is abundantly clear we remain one today,” she said. “We are deepening our economic ties across the region, with tremendous potential benefits for the U.S. economy and for the Indo-Pacific.”

Persons: — Washington, Janet Yellen, We’ve, Yellen, Joe Biden, Xi Jinping, Biden’s, ”, I’ve, ” Yellen, “ Organizations: WASHINGTON, Biden, Asia Society, Economic Cooperation, Washington Locations: Beijing, Washington, decouple, China, United States, Asia, San Francisco, Manila, Taiwan Strait, Taiwan, U.S, Japan, South Korea, Vietnam, India, Pacific

☆ Yellen: Indo-Pacific allies should not have to choose between US, China
▼ + stars: | 2023-11-02 | by ( David Lawder | ) www.reuters.com time to read: +5 min

Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Yellen said the U.S. instead was pursuing the "de-risking and diversifying" of its economic ties to China, by investing in manufacturing at home and by strengthening linkages with allies and partners around the world, including Indo-Pacific countries. TRADE, INVESTMENT LINKSYellen said the Biden administration was committed to expanding trade and investment with Indo-Pacific countries, emphasizing the region's strategic importance ahead of the APEC gathering. The Indo-Pacific is a dynamic and rapidly growing region. "And achieving resilience through partnering with Indo-Pacific countries means gains for Indo-Pacific economies as well," Yellen said.

Persons: Janet Yellen, Seth Wenig, Yellen, White, Joe Biden, Xi Jinping, Biden, Donald Trump, David Lawder, Diane Craft Organizations: Treasury, Rights, . Treasury, Asia Pacific Economic Cooperation, Asia Society, APEC, Prosperity, Thomson Locations: United States, New York, U.S, China, San Francisco, IPEF, Vietnam

☆ Preetika Rana — Technology Reporter at The Wall Street Journal
▼ + stars: | 2023-10-30 | by ( Preetika Rana | ) www.wsj.com time to read: +1 min

Preetika RanaPreetika Rana is an award-winning reporter for The Wall Street Journal in San Francisco, where she covers ride-hailing and food-delivery companies. She was the first to report a new CEO at Lyft, deep cuts at Uber during the pandemic and Airbnb's financials before the company went public. Prior to covering Silicon Valley, Preetika was based in the WSJ's Hong Kong and India offices. Her front-page articles ranging from healthcare to human rights have helped shape government policy, aided investigations and triggered public outcry. Preetika has won several awards, including from The Society of Publishers in Asia, The Society of Professional Journalists and The Asia Society.

Persons: Preetika Rana Preetika Rana, financials, Preetika Organizations: Wall Street, Uber, The Society of Publishers, The Society of Professional Journalists, The Asia Society Locations: San Francisco, Lyft, Silicon, Hong Kong, India, Kashmir, Nepal, China, Asia

☆ Janet Yellen to deliver major speech detailing US economic strategy toward Indo-Pacific
▼ + stars: | 2023-10-30 | by ( Matt Egan | ) edition.cnn.com time to read: +4 min

New York CNN —At a moment of elevated geopolitical danger, Treasury Secretary Janet Yellen plans to deliver a major speech on Thursday mapping out the Biden administration’s economic gameplan toward the increasingly volatile Indo-Pacific region, CNN has learned. The speech will mark the first time the Biden administration has outlined its economic approach toward the region in such detail. Recently, China and the Philippines accused each other of causing collisions in a disputed area of the South China Sea. Beyond the high-profile trip to China, Yellen has visited the Indo-Pacific multiple times during the Biden administration, including four trips to India, two trips each to Japan and Indonesia and visits to Vietnam and Korea. On Friday, the White House announced Biden will travel to San Francisco on November 14 to host representatives from the 21 APEC member economies for APEC Economic Leaders’ Week.

Persons: Janet Yellen, Biden, Joe Biden, Xi Jinping, Yellen, “ That’s, ” Biden, Antony Blinken, Xi Organizations: New, New York CNN, Biden, CNN, Economic Cooperation, Treasury, Asia Society, APEC, Investors, Democratic, White House Locations: New York, Asia, San Francisco, Beijing, China, Philippines, South China, Japan, South Korea, India, Vietnam, Indonesia, Korea, Washington, United States, Bali .

☆ TSMC founder says US-China tensions will slow global chip industry
▼ + stars: | 2023-10-27 | by ( Michelle Toh | ) edition.cnn.com time to read: +2 min

Reuters —The founder of the world’s biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry. Chang, 92, said that cutting off China’s chip industry from the rest of the world would affect other players beyond China. Of course, the immediate purpose is to slow China down, and I think it’s doing that,” Chang said. He also praised the higher education system in the United States, adding his optimism about the country as TSMC invests to build chipmaking facilities in Arizona. Born and raised in China, Chang built a career in the United States, where he become a naturalized citizen in 1962, before being recruited to build the chip industry in Taiwan.

Persons: Morris Chang, Chang, ” Chang, ” Organizations: Reuters, Taiwan Semiconductor Manufacturing Co, Asia Society, Huawei Locations: United States, China, New York, Taiwan, Arizona

NEW YORK, Oct 26 (Reuters) - The founder of the world's biggest chipmaker, Morris Chang, said on Thursday that increasing tensions over technology between the United States and China will slow down the global chip industry. The company has helped the democratically governed island of Taiwan become the world's leading producer of advanced chips. Chang, 92, said that cutting off China's chip industry from the rest of the world would affect other players beyond China. Of course, the immediate purpose is to slow China down, and I think it's doing that," Chang said. Born and raised in China, Chang built a career in the U.S., where he become a naturalized citizen in 1962, before being recruited to build the chip industry in Taiwan.

Persons: Morris Chang, Chang, Krystal Hu, Stephen Nellis, Sandra Maler Organizations: Taiwan Semiconductor Manufacturing, Asia Society, Huawei Technologies, U.S, Thomson Locations: United States, China, New York, Taiwan, U.S, Arizona, San Francisco

WASHINGTON (AP) — The United States is welcomed in the Indo-Pacific region and needs to update its approach to have stronger presence there to counter China's influence, said the top American diplomat to Tokyo. “The region wants all of America, not just part of America, economically, militarily, diplomatically, politically,” Emanuel said. “Because they know, an untethered China is a real risk to them, and they need America, all of America, its presence." In August, President Joe Biden formed a trilateral partnership with Japan and South Korea in Camp David over shared security challenges posed by North Korea and China. At the Asia Society Policy Institute, Emanuel called the partnership “a seismic shift in the plates in the Indo-Pacific".

Persons: Rahm Emanuel, ” Emanuel, Daniel Russel, Wang Yi, ” Wang, Joe Biden, Camp David, Emanuel, “, ”, Russel Organizations: WASHINGTON, Asia Society Policy, U.S, East China, Washington, China, North, Asia Society Policy Institute Locations: United States, American, Tokyo, New York, U.S, Japan, China, America, South, East, Taiwan, Beijing, South Korea, Qingdao, Camp, North Korea

☆ The 'Global South,' not the West, is China's priority, analyst says
▼ + stars: | 2023-10-20 | 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 EmailThe 'Global South,' not the West, is China's priority, analyst saysPhilippe Le Corre, senior fellow at the Asia Society Policy Institute's Center for China Analysis, discusses the Belt and Road Initiative forum in Beijing.

Persons: Philippe Le Corre Organizations: Asia Society, Center for, Initiative Locations: Center for China, Beijing

The individuals' accounts varied but were consistent in describing heightened scrutiny of overseas travel even after China reopened borders in January. Reuters is reporting these measures and the scope of some post-COVID travel curbs for the first time. NEW LIMITSRestrictions on personal foreign travel have long applied to senior government officials and state executives with access to confidential information. MAPPING CONNECTIONSChinese authorities are also scrutinising personal foreign ties, according to a document seen by Reuters, one of the 10 people who discussed travel curbs and three other state-enterprise workers with knowledge of the matter. Thomas said the travel curbs in particular would have implications for China's interactions with the world.

Persons: Carlos Garcia Rawlins, Xi, Neil Thomas, Thomas, Wang Zhi'an, Engen Tham, Julie Zhu, Kane Wu, Xie Yu, Martin Quin Pollard, David Crawshaw, Vidya Ranganathan Organizations: REUTERS, Rights, Reuters, Asia Society, Center for, State, Information Office, Communist Party, China Construction Bank, China Development Bank, National Council for Social Security Fund, Municipal Eco, Communist, Communist Youth League, Ministry of State Security, U.S . Central Intelligence Agency, CIA, Beijing, Thomson Locations: China, Beijing, Rights SHANGHAI, HONG KONG, Center for China, Washington, Shanghai, Zhejiang, Hong Kong, Singapore, Ningbo, Wenzhou, Japan, Italy

In that case, Britain accused Russia of an assassination attempt on its soil and expelled 23 Russian diplomats from the country. For its part, the U.S. expelled 60 Russian diplomats and ordered the closure of Russia's consulate in Seattle in solidarity with its British ally. If asked by Canada to expel a large number of Indian diplomats, these officials said, the U.S. would have little choice but to comply. This week, India told Canada to remove 41 of its 62 diplomats in the country, ramping up the confrontation. Trudeau and other Canadian officials, including Foreign Minister Melanie Joly, have hinted that Canada won't take reciprocal measures.

Persons: —, Biden, Justin Trudeau's, Narendra Modi, Joe Biden, Sergei Skripal, Trudeau, “ I’m, we're, ”, Danny Russel, Barack Obama’s, Modi, Melanie Joly Organizations: WASHINGTON, Publicly, Canadian, U.S, NATO, Asia Society Policy Locations: Canada, India, U.S, Vancouver, Russia, Iran, Saudi Arabia, North Korea, Pacific, United States, Ukraine, China, Australia, Japan, Salisbury, England, Britain, Seattle, St . Petersburg, Indian, British, New York, New Zealand, New Delhi, Washington

☆ China’s economy will be hobbled for years by the real estate crisis
▼ + stars: | 2023-10-06 | by ( Laura He | ) edition.cnn.com time to read: +10 min

Absorbing this “excess capacity” in the property sector will inevitably hurt China’s economic growth, according to Garcia-Herrero. The money from the sales funded their breakneck expansion, making real estate moguls some of the country’s richest people. The strategy largely worked until about three years ago when the Chinese government cracked down on excessive borrowing by the real estate industry because it was worried about the risk of financial instability. But overall, the property sector has contracted severely as it adjusts to a collapse in demand. “A fundamental rewiring of China’s economy will necessitate a focus on developing new industries, improving productivity, and bolstering rental markets,” said analysts from Stanford University and the ASPI.

Persons: ”, Alicia Garcia, Herrero, Garcia, they’re, Evergrande, Xu Jiayin, Xi Jinping, ” Mark Williams, Sheana Yue, Zichuan Huang, “, — Michelle Toh Organizations: Hong Kong CNN, Investment, Asia Pacific, Getty, Bank, International Monetary Fund, IMF, Regulators, Capital Economics, People’s Bank of China, Oxford Economics, Stanford University, Asia Society Policy Institute, Oxford Locations: China, Hong Kong, Beijing, Natixis, Wuhan, China's, Hubei, Japan

☆ In election year, Taiwan's national day becomes polarising celebration
▼ + stars: | 2023-10-02 | by ( ) www.reuters.com time to read: +3 min

Former Taiwan President Ma Ying-jeou speaks to guests as he attends an event at Asia Society in New York, U.S. March 1, 2017. REUTERS/Eduardo Munoz/File Photo Acquire Licensing RightsTAIPEI, Oct 2 (Reuters) - Former Taiwan President Ma Ying-jeou said on Monday he would boycott official celebrations for the island's national day this year after accusing the government of turning it into an overt attempt at pushing independence ahead of an election. Taiwan celebrates Oct. 10 as its national day, marking an uprising in 1911 that ended China's last imperial dynasty and ushered in the Republic of China. Taiwan Premier Chen Chien-jen, a DPP member himself, dismissed Ma's criticism, saying Ma had attended festivities previously when the English translation was Taiwan National Day. Taiwan's president, Tsai Ing-wen, will give a major speech on national day, and there will also be a military parade in front of the presidential office.

Persons: Ma Ying, Eduardo Munoz, jeou, China's, Mao Zedong's, Hou Yu, Ma, William Lai, Taiwan Premier Chen Chien, Chen, Tsai Ing, Tsai, Lai, Ben Blanchard, Gerry Doyle Organizations: Taiwan, Asia Society, REUTERS, Rights, Facebook, Kuomintang, KMT, Democratic Progressive Party, ih, Thomson Locations: New York, U.S, Rights TAIPEI, Taiwan, China, Republic of China, People's Republic of China, The Republic of China, Taiwan Premier, Beijing

☆ Xi's economic policies are leaving many China watchers perplexed and confused
▼ + stars: | 2023-09-20 | by ( Michelle Caruso-Cabrera | ) www.cnbc.com time to read: +8 min

Why is a nation with ambitions to become the dominant economic power in the world doing so many things to blunt that potential? Xi vs. the CCPMost, though not all, China watchers point to Xi himself as the instigator of those recent changes. "China's private sector, previously the growth engine of the Chinese economy, is paying the consequences," he told CNBC. In addition, he said "in recent months, China's National Development and Reform Commission has set up a bureau especially for private sector development." They cite external factors for weakness in the Chinese economy, including U.S. tariffs, trade restrictions, sanctions, and the sluggish post-pandemic global economy.

Persons: Xi Jinping, Lintao Zhang, Orville Schell, Schell, Jinping, Yasheng Huang, Xi, Ryan Hass, Kevin Rudd, Rudd, Anne Stevenson, Yang, Stevenson, Jack Ma, Mikhail Gorbachev, Liu Pengu, Yang Fan, Zhang Xinyu, Liza Tobin, Eric Schmidt Organizations: Political, CPC Central Committee, of People, Getty, Center, U.S, China Relations, The Asia Society, CNBC, Chinese Communist Party, Communist, MIT Sloan School, CCP, China Center, Brookings, Foreign Policy, Oxford University, J Capital Research, Communist Party, Party, U.S ., Soviet Union, National, Reform, Marxist Locations: Beijing, China, New York, U.S, Australia, United States, U.S . Congress, USSR, Soviet Union

☆ China’s Economic Pain Is a Test of Xi’s Fixation With Control
▼ + stars: | 2023-09-06 | by ( Chris Buckley | More About Chris Buckley | ) www.nytimes.com time to read: +1 min

But he may have to relinquish some of that control, as that strategy comes under pressure. The economic setbacks are eroding Mr. Xi’s image of imperious command, and emerging as perhaps the most sustained and thorny challenge to his agenda in over a decade in power. “The worse things get for China’s economy, the more likely it is that Xi Jinping has to make some course correction.”Earlier this year, Mr. Xi started his third term as China’s president, appearing indomitable. He was committed to taming the debt-laden real estate sector even as home sales fell. And he had a new Communist Party leadership team of loyalists poised to push through his growth plans.

Persons: ” Neil Thomas, Xi Jinping, Xi Organizations: Communist Party, Asia Society’s Center for Locations: Asia Society’s Center for China

☆ US Commerce chief seeks trade, tourism boost in China talks
▼ + stars: | 2023-08-27 | by ( David Shepardson | ) www.reuters.com time to read: +5 min

[1/4] U.S. Commerce Secretary Gina Raimondo, shakes hands with Lin Feng, Director General of China Ministry of Commerce as U.S. Republicans in Congress have criticized the possibilityRaimondo will establish a working group with China during the visit to discuss U.S. semiconductor export controls. China's ambassador to the United States, Xie Feng, who met Raimondo last week, said China seeks "mutual respect, peaceful coexistence and win-win cooperation". 'MANY CHALLENGES'Raimondo, the fourth high-level U.S. official to visit China recently, is the first commerce secretary to make the trip in seven years. China and the United States agreed this month to double the number of flights permitted between them - still a fraction of the number before the pandemic.

Persons: Gina Raimondo, Lin Feng, China Nick Burns, Andy Wong, Raimondo, I'm, Mintz, " Raimondo, China Nicholas Burns, Joe Biden, Xie Feng, Wendy Cutler, Xi Jinping, Walt Disney, David Shepardson, Michael Martina, Robert Birsel, Bill Berkrot Organizations: . Commerce, China Ministry of Commerce, Beijing Capital International Airport, REUTERS Acquire, Rights, Micron Technology, U.S, Chinese Commerce Ministry, Republicans, Asia Society Policy Institute, United, Walt, Shendi Group, Reuters, Boeing, Thomson Locations: China, Beijing, Rights BEIJING, United States, Shanghai, America, U.S, Washington

Analysts see this as an emerging new trend of trade regionalisation in the eastern and western hemispheres - each dominated by one of the superpower - that could pose risks to global growth. This "will likely contribute to increased regionalisation of international trade, which would raise inflation and hamper growth for other countries caught in the crossfire." China has also applied to join the Comprehensive Progressive Trans-Pacific Partnership, one of the world's largest free trade agreements. To join this Pacific trade axis, though, China needs the approval from all member countries, including U.S. allies. "And both of those countries value trade with the U.S. under their North American framework more than they value trade with China."

Persons: Gina Raimondo, Elizabeth Frantz, Neil Thomas, Donald Trump, Joe Biden, Raimondo, Trump, William Hurst, Joe Cash, Kripa Jayaram, Marius Zaharia, William Mallard Organizations: . Commerce, Capitol, REUTERS, Southeast Asia, Analysts, Asia Society Policy Institute, Higher, Census, Reuters, Canada Agreement, Comprehensive, Pacific, U.S, University of Cambridge, Thomson Locations: Washington , U.S, China, Washington, Canada, Mexico, Beijing, Southeast, decouple, U.S, Japan, South Korea, Australia, New Zealand, Pacific

☆ China needs investments now to help improve its economic situation: Asia Society's Wendy Cutler
▼ + stars: | 2023-08-25 | 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 EmailChina needs investments now to help improve its economic situation: Asia Society's Wendy CutlerWendy Cutler, Asia Society vice president and former Acting Deputy U.S. Trade Representative under President Obama, joins 'Squawk Box' to preview Commerce Secretary Gina Raimondo's visit to China, what it means for U.S.-China relations, and more.

Persons: Wendy Cutler Wendy Cutler, Obama, Gina Raimondo's Organizations: China, Asia Society, . Trade, U.S Locations: Asia, China

☆ Analyst discusses trilateral summit of U.S., Japan and South Korea
▼ + stars: | 2023-08-21 | 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 EmailTrilateral summit: Likening 3 countries' arrangement to NATO's an 'exaggeration,' analyst saysBates Gill of the Asia Society Policy Institute's Center for China Analysis discusses the trilateral summit of the United States, Japan and South Korea.

Persons: NATO's, Bates Gill Organizations: Asia Society, Center for China Analysis Locations: United States, Japan, South Korea

Samsung's 11-year-old investment in ASML has been hugely lucrative. Over the past decade, ASML shares have delivered a whopping 25% annualised return to its shareholders. It's part of Samsung's ambitious $230 billion commitment to bolster South Korea's semiconductor and high-tech sectors over the next 20 years. Moreover, Samsung's cash is probably held in overseas affiliates and subsidiaries across different jurisdictions; its annual report lists hundreds of entities abroad. That should help ease Samsung’s vexing cash bind, but the company may still need to come up with some creative funding choices.

Persons: Taiwan's TSMC, ASML, Antony Currie, Thomas Shum Organizations: Reuters, Samsung Electronics, Korean Economic, Intel, Samsung, HK, SFA Engineering, Apple, Korea Economic, Thomson Locations: HONG KONG, KS, ASML, United States, Korea

A child plays the game "Honour of Kings" by Tencent at home in Dezhou, Shandong province, China July 2, 2017. REUTERS/Stringer Acquire Licensing RightsHONG KONG, Aug 17 (Reuters Breakingviews) - China's economic woes have gifted Tencent (0700.HK) an unexpected silver lining. Revenue rose a decent 11% to 149 billion yuan ($20.4 billion), but fell slightly short of the average analyst forecast compiled by Refinitiv. That compares to the 151.7 billion yuan average analyst forecast of 21 analysts compiled by Refinitiv. Adjusted net profit, after excluding certain one-time and non-cash items, rose 33% to 37.5 billion yuan.

Persons: Tencent, Stringer, HONG KONG, Refinitiv, James Mitchell, pare, Alibaba, Antony Currie, Thomas Shum Organizations: REUTERS, Reuters, HK, Revenue, Tencent, Citi, Refinitiv, Thomson Locations: Dezhou, Shandong province, China, HONG, Tencent, Hong Kong

HONG KONG, Aug 15 (Reuters Breakingviews) - Hong Kong has lost some permanent appeal. The introduction of two sets of approvals was mandated three decades ago when foreign investors wanted additional protections to invest in the first wave of Chinese firms listing in Hong Kong. China's domestic securities laws have since developed and global investors can now directly buy shares onshore through various channels. That could lead to more onshore shares being issued relative to offshore shares, further diluting minority owners in Hong Kong. In 2020, Hong Kong shareholders vetoed the Bank of Zhengzhou's proposal to avoid such an outcome.

Persons: Hong Kong, HKEX, Una Galani, Thomas Shum Organizations: Reuters, Hong Kong Exchanges, HK, China Securities Regulatory Commission, Asia Securities Industry, Financial Markets Association, Corporate Governance Association, China Life Insurance, Wall, Hong, Bank of, Companies, Global, Hang Seng China Enterprise Index, Graphics Global, Thomson Locations: HONG KONG, Hong Kong, China, Shanghai, Shenzhen, Hong

☆ China-Philippines tensions: Is a maritime militia Beijing says doesn't exist causing chaos in the South China Sea?
▼ + stars: | 2023-08-12 | by ( Brad Lendon | ) edition.cnn.com time to read: +9 min

Most of the Chinese ships involved are marked “China Coast Guard,” but among the flotilla are also at least two blue-hulled vessels that resemble fishing boats. After the confrontation last weekend, China claimed the Philippines had violated its sovereignty by grounding the ship on the shoal. That symbiotic relationship became even clearer in 2021 when the China Coast Guard came under the jurisdiction of the Chinese Central Military Commission effectively making it part of Beijing’s military. The Chinese vessels “physically blockaded the supply ship. Ted Aljibe/AFP/Getty ImagesChina’s waiting gameAnalysts say they don’t see any appetite in Beijing for actual combat over Second Thomas Shoal, but they also say China can afford to play a waiting game.

Persons: Thomas Shoal, Jay Tarriela, Thomas, “, ”, China’s, People’s Liberation Army –, Lyle Morris, CNN ‘, doesn’t, Ray Powell, SeaLight, Powell, Morris, ” Powell, Shoal, Ted Aljibe, Lionel Fatton, ” Washington Organizations: CNN, China Coast Guard, United, “, Philippine Coast Guard, Hague, People’s Liberation Army, PLA Navy, Chinese Central Military Commission, Asia Society, Center for China, National Security, Stanford University, Central Military Commission, US Navy, US Coast Guard, Getty, Webster University Locations: Philippine, South, Philippines, Spratly, United States, Beijing, China, Palawan, Sierra Madre, ”, South China, Malaysia, Vietnam, Brunei, Taiwan, Washington, Manila, Sierra, AFP, Switzerland

HONG KONG, Aug 3 (Reuters Breakingviews) - South Korea’s dealmaking skeletons are back to haunt. Paul Singer's Elliott opposed a $9 billion union eight years ago of Samsung C&T (028260.KS) and Chiel Industries. South Korea’s successful prosecution of Lee, Park and a former minister that oversaw NPS, provided cause for Elliott to demand payback. Elliott sued in 2018 and the Permanent Court of Arbitration in the Hague in June awarded the U.S. fund over $100 million. Far from being the end of it though, President Yoon Suk Yeol’s government is contesting that award in a British arbitration court.

Persons: Samsung's Lee, Paul Singer's Elliott, Elliott, Jay Y, Lee, Park Geun, Yoon Suk, Hague, Yoon, Taiwan's TSMC, Una Galani, Thomas Shum Organizations: Reuters, Korea Inc, Samsung, Chiel Industries, National Pension Service, NPS, U.S ., Korea, Trade, Global, Samsung Electronics, Apple, Tokyo, Korea's Ministry, Justice, Elliott Investment, Thomson Locations: HONG KONG, U.S, Hague, Seoul, Korea, China, Beijing, Washington, Taiwan, Japan, South Korea, United States

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