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Last year, Taiwan's chip industry generated T$4.837 trillion ($150.27 billion) in revenue, nearly half of which came from TSMC, compared with Taiwan's GDP of T$22.667 trillion ($704.21 billion). "Taiwan's limited land and limited energy have always created a lot of pressure," GlobalWafers (6488.TWO) CEO Doris Hsu told reporters. 'FIVE SHORTAGES'The chip industry has long complained about Taiwan's "five shortages": land, water, energy, labour, and talent. Taiwan's government - determined to keep its crown jewel's most advanced technology at home - has said it will provide alternative options. The Longtan expansion had proposed acquiring 159 more hectares in the north, where TSMC and many chip companies are based.

Persons: Wei Hsin, Carlos Garcia Rawlins, Taiwan's, Wang Mei, TSMC, Doris Hsu, Hsu Shih, Rich, Chen Ting, Chen, Liao Chen, Cliff Hou, Isaiah, Lucy Chen, Chen Chi, Sarah Wu, Yimou Lee, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Taiwan's, National Chengchi University, Hsinchu Science Park, Reuters, Residents, TMSC's, Thomson Locations: Longtan, Taoyuan, Taiwan, Rights HSINCHU, LONGTAN, Hsinchu, United States, Japan, Germany, TSMC, Belgium, Arizona, Kaohsiung

Alibaba's Taobao and Tmall Group did not respond to a request for comment. This year's Singles Day event is also the first since Alibaba Group split into six business units. This view is supported by recent polls on social media where the majority of respondents said Singles Day was no longer necessary. Meara He, a 21-year-old student from Wenzhou, says she often shops using Douyin live-streams and this year, "doesn't care" about Singles Day as much. "In the past I would wait for Double 11 (Singles Day) and do some shopping, but this time I just plan to buy products that I need," she said.

Persons: Alibaba, Pinduoduo, Josh Gardner, Alibaba's, Ashley Dudarenok, AlixPartners, Douyin, Melody Zhao, Casey, Sophie Yu, Brenda Goh Organizations: PDD Holdings, Kungfu, Tmall, Administration, Market, ByteDance, Alibaba, Suisse, Industry, Hua Gui Food Group, Casey Hall, Thomson Locations: SHANGHAI, HK, China, Wenzhou, Shanghai, Beijing

California Gov. Gavin Newsom meets with Chinese President Xi Jinping in Beijing. Photo: /Associated PressChinese leader Xi Jinping met with California Gov. Gavin Newsom in Beijing’s Great Hall of the People, part of a Chinese charm offensive that appears to be laying the groundwork for Xi to meet with President Biden in San Francisco next month. The California Democrat took meetings with Chinese Foreign Minister Wang Yi and Vice President Han Zheng earlier on Wednesday before his audience with Xi in the afternoon.

Persons: Gavin Newsom, Xi Jinping, Xi, Biden, Newsom, Wang Yi, Han Zheng Organizations: Associated Press, California Gov, of, California Democrat, Chinese Foreign Locations: California, Beijing, Beijing’s, San Francisco, China

☆ U.S. State Senator Arrested in Hong Kong After Carrying Gun Onto Flight
▼ + stars: | 2023-10-24 | by ( Sha Hua | ) www.wsj.com time to read: 1 min

Hong Kong airport, where the flight with the gun landed. Photo: Daniel Ceng Shou-Yi/Zuma PressA Washington state senator was on a flight from San Francisco to Hong Kong when he reached into his bag for a piece of gum. Instead, he found a gun, he said. The senator, Jeff Wilson, was arrested in Hong Kong on Friday night and charged with possession of an unregistered firearm after he brought the gun to the attention of authorities, according to a statement on his website.

Persons: Daniel Ceng Shou, Yi, Jeff Wilson Organizations: Zuma Press Locations: Hong Kong, Washington, San Francisco

☆ China Tightens Its Chokehold on Graphite Needed for EV Batteries
▼ + stars: | 2023-10-20 | by ( Wenxin Fan | Sha Hua | ) www.wsj.com time to read: 1 min

Graphite has uses in strategic markets ranging from energy storage to nuclear power. Photo: FABIAN BIMMER/REUTERSHONG KONG—China is strengthening restrictions on exports of graphite, a key mineral needed for the production of electric-vehicle batteries and fuel cells, the latest move in an intensifying global tussle over the building blocks of critical technologies. Citing national-security concerns, China’s Commerce Ministry said Friday that exports of several categories of natural and synthetic graphite materials would require permits under a system used to control trade in items with dual civilian and military uses starting Dec. 1.

Persons: FABIAN BIMMER Organizations: REUTERS, China’s Commerce Locations: REUTERS HONG KONG — China

☆ Israel-Hamas war fuels debate and nationalist sentiment on Chinese social media
▼ + stars: | 2023-10-19 | by ( Chris Lau | ) edition.cnn.com time to read: +9 min

“The lack of condemnation of Hamas by Chinese officials gives it support,” she said. As an increasing number of China watchers and Israeli scholars pointed out the rise in antisemitic sentiment in China, some Chinese diplomats appeared to have taken note. The Israeli diplomatic outpost has been active on Chinese social media, Lavi, from the Diane & Guilford Glazer Israel-China Policy Center told CNN. China bans foreign social media platforms and censors comments deemed marginally sensitive by the Chinese Communist Party. “Many comments also highlight China’s peace-making efforts and draw parallels between the suffering of the Palestinian people and China’s own historical experiences with colonization.”

Persons: Hong Kong CNN —, Yuval Waks, ” Waks, Waks, “, Beijing’s, Wang Yi, Israel, Antonio Guterres, Israel “, Adolf Hitler, Xiao Qiang, ”, Xiao, Lavi, Diane, Guilford Glazer, Hua Chunying, ’ “, Mohammed Al, Masri, Noa Argamani, ” Wendy Zhou, Mao, Zhou Organizations: Hong Kong CNN, Palestinian, Hamas, Weibo, Embassy, United Nations, UN, School of Information, University of California, China Policy Center, Israeli Embassy, Diane, CNN, Shifa, Ahli Baptist Hospital, Reuters, Georgia State University, Chinese Communist Party, Israel, Palestine, Palestinian Authority Locations: China, Hong Kong, Israel, Gaza, Beijing, Israeli, Weibo, United States, University of California Berkeley, Guilford Glazer Israel, Shanghai, Al, Ahli, Gaza City

Domestic equipment manufacturers, such as toolmaker Naura (002371.SZ) and etching equipment maker AMEC, are winning a much higher proportion of tenders from Chinese foundries than in previous years, as chipmakers race to replace foreign-made equipment with domestically made alternatives, research showed. "There is definitely huge progress happening in the Chinese semiconductor equipment space, as reflected in the strong revenue growth metrics," he said. The Huatai Securities report revealed that for the first eight months of 2023, only one tender for lithography equipment was awarded to a Chinese company, out of many bids. "Local players still lack capability to supply a full set of equipment, such as EUV," said Nori Chiou, investment director at White Oak Capital, saying Chinese manufacturers are focused on covering mature node equipment. "It’s a long way to go to see advanced semiconductor equipment made in China."

Persons: Florence Lo, Xi Jinping, Biden, Hua Hong, SMIC, Nori, Fanny Potkin, Yelin, Ellen Zhang, Brenda Goh, Sharon Singleton Organizations: REUTERS, Companies, Huatai Securities, Beijing, Reuters, HK, Hua Hong Semiconductor, CINNO Research, Analysts, Materials Inc, Lam Research Corp, U.S, Huawei Technologies, White Oak, Thomson Locations: China, SINGAPORE, BEIJING, Japan, Netherlands, U.S, ASML, Singapore, Yelin Mo, Beijing

[1/2] Taiwan Semiconductor Manufacturing Company's (TSMC) logo is seen while people attend the opening of the TSMC global R&D center in Hsinchu, Taiwan July 28, 2023. The company said it would work with the government-run Science Park Administration "to evaluate land in Taiwan suitable for building semiconductor fabs". The world's largest contract chipmaker was intending to build a 1-nanometre chip factory in Longtan, according to a Central News Agency report in December that quoted a Science Park Administration official. Taiwan Economy Minister Wang Mei-hua said the government would help TSMC with its land, water and power needs given that semiconductors are one of island's most important industries. Chen Chi-mai, mayor of Kaohsiung in the south where TSMC is currently building a 2-nanometre chip factory, said his city has enough water, power, and land for more semiconductor factories.

Persons: Ann Wang, chipmaker, Wang Mei, Chen Chi, Sarah Wu, Ben Blanchard, Yimou Lee, Edwina Gibbs Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, Taiwan Semiconductor Manufacturing Co, Central News Agency, Administration, Taiwan, Thomson Locations: Hsinchu, Taiwan, Rights TAIPEI, Longtan, Kaohsiung, TSMC

☆ Putin sees Belt and Road Initiative as China's desire to cooperate
▼ + stars: | 2023-10-15 | by ( ) www.reuters.com time to read: +2 min

Russian President Vladimir Putin speaks during a press conference following the Commonwealth of Independent States (CIS) leaders' summit in Bishkek, Kyrgyzstan, October 13, 2023. Sputnik/Pavel Bednyakov/Pool via REUTERS Acquire Licensing RightsBEIJING, Oct 15 (Reuters) - Russia President Vladimir Putin said that he sees China's Belt and Road Initiative (BRI) as a desire to cooperate on the global arena, Russian and Chinese news agencies reported on Sunday. "This is the difference between President Xi Jinping's Belt and Road Initiative and other projects pursued by countries with a colonialist flavour," Putin was quoted as saying. Putin also said the Belt and Road Initiative was timely and is developing well, according to RIA. Putin is due to attend the third Belt and Road Forum which will be held in Beijing on Oct. 17-18.

Persons: Vladimir Putin, Pavel Bednyakov, Putin, Xi, Lidia Kelly, Judy Hua, Muralikumar Organizations: Commonwealth of Independent States, CIS, Sputnik, REUTERS Acquire, Rights, Initiative, China Media Corporation, RIA, Thomson Locations: Bishkek, Kyrgyzstan, Rights BEIJING, Russia, People's Republic of China, China, Moscow, Beijing, Asia, Africa, Europe, Melbourne

REUTERS/Dado Ruvic/Illustration/File Photo Acquire Licensing RightsTAIPEI, Oct 13 (Reuters) - Taiwan's TSMC (2330.TW) said on Friday it expects to receive permission from the United States to supply its China plant with U.S. chipmaking tools indefinitely, in an easing of Washington's restrictions on foreign chipmakers operating in China. "We expect to receive a permanent authorization through the VEU process," TSMC said, noting that it did not previously need to apply for VEU status. Taiwan Economy Minister Wang Mei-hua said earlier on Friday that TSMC has received the waiver from the United States to supply U.S. equipment to the company's factory in China. However, the United States is continuing efforts to cut China off from top AI technology and plug gaps in export controls. The United States last year shook relations with Beijing when it unveiled new restrictions on shipments of AI chips and chipmaking tools to China, seeking to thwart its military advances.

Persons: Dado Ruvic, TSMC, Wang Mei, Biden, chipmaker, Sarah Wu, Ben Blanchard, Sonali Paul, Muralikumar Anantharaman, Simon Cameron, Moore Organizations: Taiwan Semiconductor Manufacturing, REUTERS, Rights, The U.S . Department of Commerce's, of Industry and Security, Reuters, Taiwan, Samsung Electronics, SK Hynix, Apple Inc, United, TSMC's, Thomson Locations: Rights TAIPEI, United States, China, The, KS, Nanjing, Beijing, TSMC's Taipei

☆ Taiwan says awaiting US announcement on China chip waiver extension
▼ + stars: | 2023-10-12 | by ( Ben Blanchard | ) www.reuters.com time to read: +2 min

South Korea's government said this week that Samsung Electronics (005930.KS) and SK Hynix (000660.KS) will be allowed to supply U.S. chip equipment to their China factories indefinitely without separate U.S. approvals. "Whether it will be the same treatment as Samsung and SK Hynix, it's up to the announcement from the U.S. government," Wang told reporters in Taipei. Samsung and SK Hynix, the world's largest and second-largest memory chipmakers, had invested billions of dollars in their chip production facilities in China and welcomed the move. Samsung Electronics makes about 40% of its NAND flash chips at its plant in Xian, China, while SK Hynix makes about 40% of its DRAM chips in Wuxi and 20% of its NAND flash chips in Dalian. The companies together controlled nearly 70% of the global DRAM market and 50% of the NAND flash market as of end-June, data from TrendForce showed.

Persons: Florence Lo, Wang Mei, Biden, Wang, chipmaker, TSMC, Ben Blanchard, Gerry Doyle Organizations: REUTERS, Rights, U.S, Samsung Electronics, SK Hynix, Samsung, U.S ., United, Korean, Thomson Locations: Rights TAIPEI, Taiwan, China, KS, Taipei, TSMC, United States, Nanjing, Xian, Wuxi, Dalian, TrendForce

☆ Analysis: Trend hedge funds come out winners in bond market rout
▼ + stars: | 2023-10-06 | by ( Nell Mackenzie | ) www.reuters.com time to read: +5 min

Yet in one corner of the hedge fund world, there's a sigh of relief. So-called trend following and systematic hedge funds have long positioned for a fall in government bond prices given higher-for-longer inflation. AlphaSimplex is a $7.9 billion trend following hedge fund. While many trend funds, also known as "managed futures" funds, use price data, their trading models might also interpret macro economic factors playing out in markets. Some trend funds shrank their fixed income holdings in response to the March turmoil.

Persons: Carlo Allegri, Kathryn Kaminski, Morningstar, Razvan Remsing, Yao Hua Ooi, Laurent Le Saint, Metori, Aspect's, Nell Mackenzie, Dhara Ranasinghe, Susan Fenton Organizations: New York Stock, REUTERS, Generale, Reuters, Silicon Valley Bank, Treasury, Virtus, AQR Capital Management, Capital Management, Thomson Locations: Manhattan, New York City , New York, U.S, United States, Germany, Boston, Silicon, Europe, China, Paris, EU, Japan

☆ Taiwan probes four firms accused of helping China's Huawei
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Taiwan Economy Minister Wang Mei-hua said the ministry would be looking into whether the firms' activities in China "matched up" with their initial investment approval from the island's government. A Bloomberg news report this week said the firms had been working with Huawei-connected firms to build infrastructure for chip plants. The companies - Topco Scientific (5434.TW), L&K Engineering (6139.TW), United Integrated Services (2404.TW) and Cica-Huntek Chemical Technology Taiwan (6725.TWO) - have all denied any wrongdoing. Wang also said Taiwan's government will soon unveil tighter rules on "key technologies", taking into account international practice, she added, without giving details. China claims Taiwan as its own territory and has in recent years increased its military activities around the island.

Persons: Peter Nicholls, Wang Mei, Wang, chipmaker TSMC, Ben Blanchard, Edwina Gibbs Organizations: Huawei, REUTERS, Rights, Bloomberg, K Engineering, United Integrated Services, Chemical Technology, Thomson Locations: London, Britain, Rights TAIPEI, China, Taiwan, Chemical Technology Taiwan, U.S

Taipei/Hong Kong CNN —Taiwan is investigating whether four of its firms broke US sanctions or its own investment rules when they provided services to Chinese companies that are reportedly helping Huawei build chip factories. Many Taiwanese companies, including chip giant TSMC and Apple supplier Foxconn, operate in China and are closely integrated into its supply chains. For years, Taiwan’s companies have been treading a fine line between engaging China’s commercial opportunities and avoiding potential violations of export controls, particularly as Beijing has ramped up military pressure on the island. But China’s ruling Communist Party claims Taiwan, home to 24 million residents, as its territory — despite never having controlled it. It has long vowed to “reunify” Taiwan with the Chinese mainland, by force if necessary.

Persons: Emile Chang, ”, Chang, Economic Affairs Wang Mei, Wang, China’s, “ Organizations: Hong Kong CNN, Huawei, Ministry of Economic Affairs, CNN, United Integrated Services, K Engineering, Technology, Apple, Foxconn, Taiwan’s, Economic Affairs, Bloomberg, Communist Party Locations: Taipei, Hong Kong, Taiwan, China, United States, China . Washington, Europe, Asia, Beijing

HONG KONG (AP) — Taiwan authorities are investigating four Taiwan-based companies suspected of helping China’s Huawei Technologies to build semiconductor facilities. Political Cartoons View All 1202 ImagesThe companies could be fined up to 25 million Taiwan dollars ($777,665) for violating regulations. Cleanrooms and other high-tech equipment and services are crucial for the delicate process of making computer chips. But Wang reminded companies that if they used U.S. technology and equipment they would not be able to co-operate with firms included in the U.S. U.S. officials say the company is a security risk and might facilitate Chinese spying, an accusation that Huawei denies.

Persons: Economic Affairs Wang Mei, Wang, Yuan Organizations: Huawei Technologies, Economic Affairs, of Economic Affairs, Bloomberg, Huawei, Strategic, Tech Commodities, Taiwan's China News Agency, Topco, K Engineering, United Integrated Services Co, Chemical Technology, Chemical Technology Taiwan Co, Science, Technology Council, U.S . Commerce Locations: HONG KONG, Taiwan, China, Chemical Technology Taiwan, U.S

☆ China Swore Off Overseas Coal Plants. Is Xi Keeping His Climate Promise?
▼ + stars: | 2023-10-04 | by ( Sha Hua | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: asia

☆ Rahile Dawut: US condemns China's reported life sentence of Uyghur scholar
▼ + stars: | 2023-10-02 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

CNN —The United States has condemned China’s reported sentencing of prominent Uyghur academic Rahile Dawut to life in prison, calling for the immediate release of the scholar known for documenting folklore and traditions of the Muslim minority in China’s northwestern Xinjiang region. A renowned scholarRahile Dawut is known as a foremost scholar of Uyghur culture, who focused her work on folklore and religious anthropology, including documenting Uyghur pilgrimage to religious shrines throughout Xinjiang. Through her collaborations with international researchers, guest lecturing and teaching, she is credited by international academics with fostering a greater global understanding of Uyghur culture and making key contributions to preserving and documenting Uyghur heritage and architecture. In 2007, Rahile Dawut founded a center focused on folklore at Xinjiang University, where she was a professor. According to San Francisco-based Dui Hua, Rahile Dawut was tried in 2018 of for “splittism” or political separatism – a crime of endangering state security.

Persons: China’s, Dawut, Rahile Dawut, ”, Rahile, Matthew Miller, “, Dawut’s, San, Hua, –, Rahile Dawut’s, Ilham Tohti, OSUN Organizations: CNN, US State Department, Hua Foundation, Rights, United Nations, UN, China’s Ministry of Foreign Affairs, PRC, People’s, The State Department, Xinjiang University, American Anthropological Association, Beijing’s Minzu University, Open Society University Network Locations: United States, China’s, Xinjiang, China, People’s Republic of China, San Francisco, ”

☆ 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

☆ China’s Top Diplomat Due in Moscow After Surprise U.S. Talks
▼ + stars: | 2023-09-18 | by ( Sha Hua | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, 69ab9b9f Locations: moscow

☆ A Nation Goes for Dominance—of World’s Stinkiest Fruit
▼ + stars: | 2023-09-15 | by ( Sha Hua | ) www.wsj.com time to read: 1 min

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/business/farming-durian-stinky-fruit-china-2a320ef9

Persons: Dow Jones

☆ China's Aug new yuan loans seen rebounding on policy support
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +2 min

Chinese banks are estimated to have issued 1.20 trillion yuan ($163.41 billion) in net new yuan loans last month, more than triple July's 345.9 billion yuan, according to the median estimate in the survey of 20 economists. But that would be lower than 1.25 trillion yuan issued the same month a year earlier. Outstanding yuan loans were expected to grow by 11.1% in August from a year earlier, the same as in July, the poll showed. China is aiming to complete the issuance of the 2023 special local government bonds quota of 3.8 trillion yuan by end-September. In August, TSF is expected to jump to 2.46 trillion yuan from 528.2 billion yuan in July.

Persons: TSF, Li Qiang, Judy Hua, Kevin Yao, Tomasz Janowski Organizations: Citi, Thomson Locations: BEIJING, China

☆ SMIC stock plunges as US calls for further sanctions of China's top chipmaker over Huawei smartphone
▼ + stars: | 2023-09-07 | by ( Laura He | ) edition.cnn.com time to read: +5 min

Hong Kong CNN —Shares in SMIC, China’s largest contract chipmaker, plunged on Thursday, after two US congressmen called on the White House to further restrict export sales to the company. The comments came after Huawei Technologies introduced the Mate 60 Pro, a Chinese smartphone powered by an advanced chip that is believed to have been made by SMIC. TechInsights, a research organization based in Canada specializing in semiconductors, revealed shortly after the launch that the smartphone contained a new 5G Kirin 9000s processor developed specifically for Huawei by SMIC. Gallagher was quoted as saying SMIC may have violated US sanctions, as this chip likely could not be produced without US technology. Hua Hong Semiconductor, China’s second largest chip foundry, tumbled 4.8%.

Persons: SMIC, ” Jefferies, Qilai Shen, Mike Gallagher, Gallagher, ”, Texas Republican Michael McCaul, “, Gina Raimondo, Raimondo, SMIC’s, Biden Organizations: Hong Kong CNN —, House, Huawei Technologies, Kirin, Huawei, SMIC, Semiconductor Manufacturing International Corp, Bloomberg, Getty, US Commerce Department, Reuters, Semiconductor Manufacturing International Corporation, Hua Hong Semiconductor, Texas Republican, Foreign Affairs Committee, US, US Commerce, Huahong Semiconductor, CNN, Jefferies Locations: China, Hong Kong, SMIC, China’s, Chinese, Shanghai, United States, Canada

It is likely to be the biggest of three funds launched by the China Integrated Circuit Industry Investment Fund, also known as the Big Fund. Its target of 300 billion yuan ($41 billion) outdoes similar funds in 2014 and 2019, which according to government reports, raised 138.7 billion yuan and 200 billion yuan respectively. China's finance ministry is planning to contribute 60 billion yuan, said one person. Backers of the Big Fund's previous two funds include the finance ministry and deep-pocketed state-owned entities such as China Development Bank Capital, China National Tobacco Corporation and China Telecom. INVESTMENT MANAGERSThe Big Fund is considering hiring at least two institutions to invest the new fund's capital, said the three people.

Persons: Xi Jinping, Florence Lo, China's, Julie Zhu, Kevin Huang, Yelin Mo, Roxanne Liu, Sumeet Chatterjee, Edwina Gibbs Organizations: U.S, China Integrated Circuit Industry Investment Fund, Big Fund, Washington, Information Office, Ministry of Industry, Information Technology, REUTERS, China Development Bank Capital, China National Tobacco Corporation, China Telecom, Big, Semiconductor Manufacturing International Corporation, HK, Hua Hong Semiconductor, Memory Technologies, IC, China Aerospace Investment, China Aerospace Science, Technology Corporation, Thomson Locations: HONG KONG, BEIJING, China, Beijing, U.S, Japan, Netherlands

☆ Taiwan president arrives in Eswatini to visit last African ally
▼ + stars: | 2023-09-05 | by ( ) www.reuters.com time to read: +2 min

TAIPEI/MBABANE, Sept 5 (Reuters) - Taiwan President Tsai Ing-wen arrived on Tuesday in Eswatini, Taipei's last African ally, saying the island will continue to confidently engage with the world and show it is a force for good. The Taiwanese delegation signed three memoranda of understanding with the southern African country after it met with Eswatini's King Mswati III. Eswatini is almost entirely surrounded by South Africa, which Chinese President Xi Jinping visited last month. Tsai last visited Eswatini in 2018, and this time is being accompanied by Economy Minister Wang Mei-hua. Taiwan has provided large amounts of aid to the small southern African country ruled by an absolute monarchy, including in 2021 antiviral medication to help King Mswati III recover from COVID.

Persons: Tsai Ing, Taipei's, Eswatini's King Mswati III, Tsai, Eswatini, Xi Jinping, Economy Minister Wang Mei, King Mswati III, Ben Blanchard, Anait Miridzhanian, Michael Perry, Josie Kao, William Maclean Organizations: Eswatini's Ministry of Foreign Affairs, Economy Minister, COVID, Thomson Locations: TAIPEI, MBABANE, Taiwan, Eswatini, China, Latin America, Caribbean, Belize, Nauru, Honduras, Swaziland, South Africa, America, United States, Lunga

☆ Tesla China extends delivery time for Model Y Long Range to 6-8 weeks
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: 1 min

FILE PHOTO: People walk past a showroom outside Tesla China headquarters at China Central Mall in Beijing, China July 11, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsCompanies Tesla Inc FollowBEIJING, Sept 4 (Reuters) - Tesla China has extended delivery time for its Model Y Long Range to between six and eight weeks, according to its website on Monday. The delivery time for Model Y's two other versions - rear wheel drive and performance - remains unchanged at between two and six weeks in China. Reporting by Qiaoyi Li, Judy Hua and Brenda Goh; Editing by Jacqueline WongOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Qiaoyi Li, Judy Hua, Brenda Goh, Jacqueline Wong Organizations: China Central Mall, REUTERS, Inc, Thomson Locations: China, Beijing

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