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Search resuls for: "GREG BAKER"


6 mentions found


☆ Foreign Firms in China Squeezed by U.S. Disclosure Demands, Beijing’s Security Clampdown
  + stars: | 2023-05-04 | by ( Elaine Yu | Dan Strumpf | ) www.wsj.com   time to read: 1 min
Mintz Group’s Beijing office was raided by authorities, who detained five of the company’s workers. Photo: greg baker/Agence France-Presse/Getty ImagesHONG KONG—Foreign companies in China are walking a tightrope between their need for business intelligence to comply with proliferating U.S. sanctions and mounting concerns about the risks of carrying out the due diligence required for business on the ground. Authorities recently questioned staff at consulting firm Bain & Co.’s Shanghai office and detained the Beijing-based workers for U.S. due-diligence company Mintz Group. The news has put companies that conduct due diligence and business intelligence in China on heightened alert, with details about the visits scant and uncertainty swirling around what triggered them.
☆ China revives ruling party control of financial oversight
  + stars: | 2023-03-17 | by ( Evelyn Cheng | ) www.cnbc.com   time to read: +3 min
Greg Baker | Afp | Getty ImagesBEIJING — The ruling Communist Party of China is establishing commissions to oversee finance and tech, state media announced Thursday. A new "Central Financial Commission" is set to strengthen the party's "centralized and unified leadership over financial work," state media said Thursday in Chinese, according to a CNBC translation. watch nowWhile state media did not specify, a financial work commission of the same name had been set up in the aftermath of the 1998 Asian financial crisis. Responsibilities of that party commission are borne by the restructured Ministry of Science and Technology. The State Council changes established a National Financial Regulatory Administration to oversee most of the financial industry — except for the securities industry.
☆ Li Qiang: China's new premier tries to reassure private sector amid widespread concerns about future
  + stars: | 2023-03-13 | by ( Laura He | ) edition.cnn.com   time to read: +5 min
Hong Kong CNN —China’s new premier has tried to reassure the private sector in his debut press conference, as concerns grew about the country’s future policy direction with the introduction of a new cabinet loyal to leader Xi Jinping. Li Qiang, a long-time aide to Xi, officially succeeded Li Keqiang as premier over the weekend. Li Qiang speaks during his first press conference as premier at the Great Hall of the People in Beijing on March 13, 2023. As a group of Xi’s close associates stepped into office, some Western-educated, reform-minded officials departed – including former Premier Li Keqiang and former Vice Premier Liu He. Analysts are worried that Xi’s preference for personal loyalty over technocratic competence signals a more ideology-driven policy direction that could further dent private sector growth and worsen Beijing’s ties with Washington.
☆ Li Qiang, Xi confidant, takes reins as China's premier
  + stars: | 2023-03-11 | by ( Yew Lun Tian Laurie Chen Joe Cash | Yew Lun Tian | Laurie Chen | ) www.reuters.com   time to read: +7 min
[1/4] China's newly-elected Premier Li Qiang takes an oath after being elected during the fourth plenary session of the National People's Congress (NPC) at the Great Hall of the People in Beijing, China on March 11, 2023. Previously the Communist Party chief in Shanghai, Li was confirmed as premier during the National People's Congress, charged with managing the world's second largest economy. "Officials know that Li Qiang is Xi Jinping's guy," he said. "He clearly thinks that Li Qiang is a very competent person and he has put him in this position because he trusts him and he expects a lot of him." American author Robert Lawrence Kuhn, who met Li and Xi together in 2005 and 2006, said the two shared an easy rapport.
☆ Retailers are hoarding labor even as tech layoffs mount
  + stars: | 2023-02-14 | by ( Avery Hartmans | Dominick Reuter | ) www.businessinsider.com   time to read: +6 min
Some retailers are bucking the trend of layoffs and holding on to workers. But on the store level, retailers are holding on tight to their workers, even seasonal workers who they typically would have dismissed by now, in a practice known as "labor hoarding." "The concept of labor hoarding is alive and well," Kenneth Kim, a senior economist at KPMG, told Insider. Anna Moneymaker/Getty ImagesThose layoffs don't seem to be an emerging trend in the retail sector, Kim from KPMG said. And while there were 417,000 job cuts in January, the official models were accounting for a lot more, since that's when many retailers typically begin laying off seasonal workers.
☆ 10 best cuisines in the world
  + stars: | 2017-07-12 | by ( Zoe Li | ) edition.cnn.com   time to read: +13 min
Of course, it’s subjective according to personal tastes, but this is CNN Travel’s take on some of the best food cultures and destinations around the world. United StatesAmerica knows how to take a good food -- for instance, the hamburger -- and make it even better. With influences from China, Malaysia, Indonesia, Myanmar and a royal culinary tradition, Thai cuisine is the best of many worlds. The best part about eating Thai food in Thailand, though, is the hospitality. Sun, beach, service with a smile and a plastic bag full of som tam – that’s the good life.
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