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☆ China could take inspiration from Vladimir Putin as it seeks to conquer Taiwan
▼ + stars: | 2024-01-11 | by ( Gregor Schwung | ) www.businessinsider.com time to read: +8 min

Read previewOn the beach of the Taiwanese island of Kinmen, pointed metal rods protrude from the ground and point towards the sea. To test Western resolve, China could first grab one of the offshore islands - just as Putin initially seized Crimea. After all, the only previous hostilities between Taiwan and China took place here - Beijing tried to conquer Kinmen in 1960 and 1970. To take Taiwan, China does not need Kinmen or the other offshore islands as a springboard. Due to its proximity to the mainland, Chinese military activities and any preparations for an invasion can be easily observed from here.

Persons: —, Gregor Schwung, Xi Jinping, Putin, Xi, Sun Tzu, Li Wen, Jing, Li, Vladimir Putin, Yao, Yuan Yeh Organizations: Service, Business, Congress, Kinmen, dicey coastguard, People's Liberation Army, Institute for National Defence and Security Research, Ministry of Defence, WELT, New, Security, Beijing, Communist Party, St Thomas University, Policy Locations: Kinmen, China, Xiamen, Taiwan, Taipei, Pratas, People's Republic, Crimea, Washington, Beijing, Ukraine, Taiwan's, Houston

☆ Vote counting begins in closely watched Taiwan election
▼ + stars: | 2024-01-10 | by ( Clement Tan | ) www.cnbc.com time to read: +9 min

With China intensifying its rhetoric on its claim over Taiwan, global observers are billing this Taiwan election as highly pivotal for security in the Asia-Pacific at a time of testy U.S.-China relations. If Lai and Hsiao win the Jan. 13 vote for the Taiwan presidential office, it would mark the first time any political party has stayed in office for more than two consecutive terms since Taiwan introduced direct presidential elections in 1996. Campaign posters for various legislative member candidates in Taipei, Taiwan, on Wednesday, Dec. 27, 2023. China's Taiwan affairs office has characterized the self-ruled island's election as a choice between "peace and war, prosperity and decline." "China has always meddled whenever there is an election in Taiwan, but this time, it's the most serious."

Persons: Hou Yu, Hei Leung, Ko Wen, policymaking, Tsai Ing, Ko, Cynthia Wu, Jing Bo, jiun, Sam Yeh, Jing, Tsai, Lai Ching, Hsiao, United States —, Lai, Timothy S, Rich, Jaw Shaw, kong, Hou, Kevin Luo, Xi Jinping, Joe Biden, Xi, Biden, Nancy Pelosi, Rong Xu, Democratic Progressive Party Lai Ching, Yasuyoshi Chiba, DPP's Lai, Weeks Organizations: ih, Anadolu, Getty, Democratic Progressive Party, Kuomintang, Taiwan People's Party, China, Local, KMT, Taiwan Studies, University of Oxford, AFP, Taiwan, Rich Western Kentucky University, Taiwan's National Police Agency, New, DPP, University of Minnesota, Western Kentucky University, U.S, China -, APEC, CNBC, Former U.S, Bloomberg, Taiwan's DPP, Beijing, Cross Straits Service Locations: Taichung, Taiwan, Taipei, Asia, Pacific, U.S, China, Hsinchu, United States, Overconfidence, New Taipei City, China - U.S, Beijing, Taiwan Strait, Kaohsiung

☆ FAA Clears Boeing 737 Max 10 Jet for Test Flights
▼ + stars: | 2023-11-22 | by ( Sharon Terlep | ) www.wsj.com time to read: 1 min

A Boeing 737-10 aircraft flying during the 54th International Paris Air Show near Paris, France, last June. Photo: Gao Jing/Zuma PressU.S. air-safety regulators cleared Boeing to begin key flight tests on its 737 MAX 10 jet, a milestone toward preparing the plane for commercial service. The airborne checks are a preliminary validation for Boeing by the Federal Aviation Administration and put the company on track for its first deliveries next year.

Persons: Gao Jing Organizations: Boeing, International Paris Air, Zuma Press U.S, Federal Aviation Administration Locations: Paris, France

☆ T’s Holiday Gift Guide: Chile Flakes, Cookie Candles and More
▼ + stars: | 2023-11-16 | by ( Jameson Montgomery | ) www.nytimes.com time to read: +1 min

One of my go-to gifts over the years has been flavored salt — always useful on popcorn or around the rim of a margarita, I figure — but this season I plan to present my loved ones with a different addition to their pantry: chile flakes. Easily slotted into a stocking or attached to a larger gift (a backyard pizza oven, say, or a spice drawer organizer), chile flakes are another one of those kitchen staples that can be noticeably improved when done thoughtfully. Pizza Marvin, a Providence, R.I., pie shop that combines a nostalgic neighborhood feel with careful attention to ingredients, makes its own fragrant mix using locally grown peppers. The Athens-based herb purveyor Daphnis and Chloe sells a jar of flakes made out of Karatzova peppers that have been smoked for 10 days before being crushed by hand. (If your recipient becomes obsessed, next year you can give them a bulk jar.)

Persons: margarita, Pizza Marvin, Chloe, chiles Organizations: Los, Chengdu Locations: Providence, R.I, Athens, Los Angeles

☆ US, China, Southeast Asia defence officials meet amid crises
▼ + stars: | 2023-11-16 | by ( ) www.reuters.com time to read: +2 min

[1/2] Ministers and members of the delegates attend the opening session of the 10th Association of Southeast Asian Nations (ASEAN) Defense Ministers' Meeting - Plus in Jakarta, Indonesia, November 16, 2023. REUTERS/Willy Kurniawan/Pool Acquire Licensing RightsJAKARTA, Nov 16 (Reuters) - Defence ministers and officials from the United States, China, Russia and Southeast Asia gathered in Indonesia on Thursday for a meeting where they are expected to discuss geopolitical crises in and outside the region. Defence ministers in Southeast Asia's regional bloc ASEAN called on Wednesday for a ceasefire in Gaza and a durable solution in Myanmar, as conflicts are deepening there. "Indonesia is of the view that the region's multiple security issues, ranging from traditional and non-traditional threats, can only be solved by extensive open and inclusive global collaboration," Prabowo Subianto, Indonesia's defence minister said in an opening speech on Thursday. Visiting Washington this week, Indonesian President Joko Widodo pressed Biden to do more to end Israel's war with Hamas.

Persons: Willy Kurniawan, Prabowo, Lloyd Austin, Alexander Fomin, Jing Jianfeng, Joe Biden, Xi Jinping, Joko Widodo, Biden, Stanley Widianto, Lincoln Organizations: 10th Association of Southeast Asian Nations, ASEAN, Defense, REUTERS, Rights, Defence, U.S . Defense, Joint Staff Department of, Central Military Commission, Hamas, Thomson Locations: Jakarta, Indonesia, Rights JAKARTA, United States, China, Russia, Southeast Asia, Southeast Asia's, Gaza, Myanmar, Korean, Australia, New Zealand, San Francisco, Malaysia, Washington

☆ US, China, Southeast Asia Defence Officials Meet Amid Crises
▼ + stars: | 2023-11-15 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +2 min

JAKARTA (Reuters) - Defence ministers and officials from the United States, China, Russia and Southeast Asia gathered in Indonesia on Thursday for a meeting where they are expected to discuss geopolitical crises in and outside the region. Defence ministers in Southeast Asia's regional bloc ASEAN called on Wednesday for a ceasefire in Gaza and a durable solution in Myanmar, as conflicts are deepening there. Among those attending are U.S. Defense Secretary Lloyd Austin, Russia's Deputy Defence Minister Alexander Fomin and Jing Jianfeng, China's deputy chief of staff of the Joint Staff Department of the Central Military Commission. Other countries participating on Thursday are Australia, New Zealand and others, while Myanmar is absent. Visiting Washington this week, Indonesian President Joko Widodo pressed Biden to do more to end Israel's war with Hamas.

Persons: Prabowo, Lloyd Austin, Alexander Fomin, Jing Jianfeng, Joe Biden, Xi Jinping, Joko Widodo, Biden, Stanley Widianto, Lincoln Organizations: Defence, ASEAN, U.S . Defense, Joint Staff Department of, Central Military Commission, Hamas Locations: JAKARTA, United States, China, Russia, Southeast Asia, Indonesia, Southeast Asia's, Gaza, Myanmar, Korean, Australia, New Zealand, San Francisco, Malaysia, Washington

☆ Indonesia hosts regional defence chiefs amid multiple global crises
▼ + stars: | 2023-11-15 | by ( ) www.reuters.com time to read: +4 min

Nov 15 (Reuters) - Defence ministers in ASEAN called for an immediate ceasefire in Gaza and a durable solution to the crisis in Myanmar during the opening of a regional meeting in Jakarta on Wednesday. Defence ministers from the Asian bloc are attending the 2-day meeting alongside key players in the Indo-Pacific as major powers jostle for regional influence, and as conflicts deepen from Myanmar to the Middle East. All ASEAN defence ministers, with the exception of Myanmar's, attended Wednesday's forum, with U.S. Defence Secretary Lloyd Austin to meet counterparts later in the day. The talks will expand on Thursday to include Russia, China, Japan, South Korea, India, New Zealand and Australia. The country removed its defence minister in October, raising questions about the stability of the leadership around President Xi Jinping.

Persons: Prabowo Subianto, Joko Widodo, Joe Biden, Haji Mohamad bin Haji Hasan, Prabowo, Myanmar's, Lloyd Austin, Jing Jianfeng, Xi Jinping, Austin, Aaron Connelly, Thomas Shoal, Connelly, Stanley Widianto, Ananda Teresia, Kanupriya Kapoor, Martin Petty, Kate Lamb, Gerry Doyle Organizations: Defence, ASEAN, Wednesday, Indonesian Defence, Hamas, Association of Southeast Asian Nations, Japan, U.S . Defence, Air, Joint Staff Department, China's, Military Commission, International Institute for Strategic Studies, Thomson Locations: Gaza, Myanmar, Jakarta, Washington, Malaysian, Malaysia, East, Ukraine, South China, China, Philippines, Russia, Japan, South Korea, India, New Zealand, Australia, Beijing, Indonesia, North Korea, Pyongyang, Singapore, U.S, Israel

☆ Israel's name is conspicuously absent from maps on the Chinese internet, report says
▼ + stars: | 2023-10-31 | by ( Sophia Ankel | ) www.businessinsider.com time to read: +4 min

Israel's name is omitted on digital maps by Chinese tech companies, the Wall Street Journal reported. AdvertisementAdvertisementIsrael's name is conspicuously absent from maps on the Chinese internet, according to the Wall Street Journal. Internet users in China observed that Chinese tech companies Alibaba and Baidu removed the name Israel from their online maps despite still showing its internationally recognized borders, the report said. But in a statement to The Telegraph, Baidu spokesman Jing Meng denied deliberately omitting Israel from the platform's maps. "Users can find corresponding countries or areas on Baidu Maps by simply using the map's search function," he added.

Persons: —, Jing Meng, Wang Yi, Wang, Zhai Jun, Matthew Loh Organizations: Wall Street Journal, Baidu, Service, Wall Street, Alibaba, Associated Press, Palestinian, AP, Weibo, Palestine, Xinhua Locations: Israel, China, Cyprus, Jordan, Iraq, Beijing, Palestine, United States

☆ Evergrande shares fall 20% to all-time low as court adjourns winding-up hearing
▼ + stars: | 2023-10-30 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +1 min

Pictured here on Sept. 7, 2023, are residential buildings under construction at the Tao Yuan Tian Jing project, developed by Evergrande in Yangzhou, China. Shares of embattled Chinese property Evergrande hit an all-time low of 18.8 Hong Kong cents (2.4 U.S. cents) after a Hong Kong judge delayed the court hearing to wind-up its business. Evergrande's shares plunged over 20% from last Friday's close of 23.6 Hong Kong cents to the all-time low early Monday, before recovering slightly to 22.2 Hong Kong cents. Reuters reported that Justice Linda Chan from Hong Kong's High Court pushed back the hearing from Oct. 30 to Dec. 4, which would be the last before a decision is made on the winding up order. Evergrande must come up with a revised restructuring proposal before that date, or the company will likely to be wound up, she said.

Persons: Yuan Tian Jing, Linda Chan Organizations: Evergrande, Hong, Reuters, Court Locations: Yangzhou, China, Hong Kong, Hong Kong's

TAIPEI, Taiwan (AP) — Three Chinese astronauts returned to Earth on Tuesday morning after six months aboard China’s orbiting space station. The station is essentially complete, so the new crew will conduct medical and scientific experiments and maintain equipment. China made its first crewed space mission in 2003 and plans to put astronauts on the moon before 2030. It has brought samples back from the lunar surface and landed a rover on the less explored far side of the moon. Political Cartoons View All 1227 ImagesChina built its own space station after it was excluded from the International Space Station, largely due to U.S. concerns over Chinese military control over the national space program.

Persons: Jing Haipeng, Zhu Yangzhu, Gui Haichao Organizations: Xinhua News Agency, International, Station, U.S, SpaceX Locations: TAIPEI, Taiwan, China, Beijing, South, U.S

☆ Global EV battery supply chain puzzles over China graphite curbs
▼ + stars: | 2023-10-27 | by ( ) www.reuters.com time to read: +6 min

Graphite powder, used for battery paste, is pictured in a Volkswagen pilot line for battery cell production in Salzgitter, Germany, May 18, 2022. China dominates the global EV battery supply chain including production of graphite - the single largest component. Graphite companies in the country process both the natural material mined domestically and overseas, as well as synthetic forms. Under the new rules, China will require export permits starting Dec. 1 for high-end synthetic graphite, as well as key forms of natural graphite. NATURAL GRAPHITE HITGlobal companies using natural graphite include Hitachi Chemical, part of Japan's Resonac Holdings Corp (4004.T), South Korea's POSCO Future M (003670.KS) and Japan's Mitsubishi Chemical, which produces natural graphite at two plants in China, according to research firm CRU Group.

Persons: Fabian Bimmer, Sunit Kapur, Zhang Yan, Siyi Liu, Brenda Goh, Satoshi Sugiyama, Heekyong Yang, Seoul ， Paul Lienert, Jing Xu, Dominique Patton, Tony Munroe, David Evans Organizations: Volkswagen, REUTERS, Rights, EV, Qingdao, Reuters, China's Ministry of Commerce, Gotion High Tech, BTR, Material Technology, Hitachi Chemical, Japan's Resonac Holdings Corp, Mitsubishi Chemical, CRU Group, Mitsubishi, Resources, Materials, Thomson Locations: Salzgitter, Germany, Beijing, China, Japan, South Korea, United States, U.S, Shanghai, Ningbo Shanshan, Indonesia, Finland, Japan's, Australia, Mozambique, U.S ., Louisiana, North Carolina, Toyko, Seoul ，, Detroit

☆ China's youngest-ever crew of astronauts heads to space station
▼ + stars: | 2023-10-26 | by ( Ryan Woo | ) www.reuters.com time to read: +3 min

China... Acquire Licensing Rights Read moreBEIJING, Oct 26 (Reuters) - The youngest-ever crew of Chinese astronauts departed for China's space station on Thursday, paving the way for a new generation of "taikonauts" to advance the country's space ambitions in the future. Leading the six-month mission was former air force pilot Tang Hongbo, 48, who was on the first crewed mission to the space station in 2021. By contrast, his fellow Shenzhou-17 crew members Tang Shengjie, 33, and Jiang Xinlin, 35, both travelling to space for the first time, joined China's third batch of astronauts in September 2020. The Shenzhou-17 astronauts will replace the Shenzhou-16 crew, who arrived at Tiangong at the end of May. Shenzhou-17 marks China's 12th crewed mission since Yang Liwei's solo spaceflight in October 2003, the first Chinese national in space.

Persons: Tang Hongbo, Tang Shengjie, Jiang Xinlin, Tang, Tiangong, Jing Haipeng, Zhu Yangzhu, Gui Haichao, Zhu, Gui, Yang Liwei's, Ryan Woo, Tom Hogue, Gerry Doyle Organizations: taikonauts, People's Liberation Army, NASA, Space, U.S, Thomson Locations: Jiuquan, Gansu province, China, BEIJING, Hong Kong, Macau, Tiangong

☆ Shares of Evergrande have been suspended amid reports its chairman is under surveillance
▼ + stars: | 2023-09-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +2 min

Shares of Evergrande were suspended on Thursday, Hong Kong's exchange announced. Seen here are residential buildings under construction at the Tao Yuan Tian Jing project, developed by China Evergrande Group, in Yangzhou, China. Bloomberg | Getty ImagesShares of China Evergrande Group were suspended on Thursday, Hong Kong's exchange announced. Evergrande shares last closed at 32 Hong Kong cents on Wednesday. Operating loss stood at 11.72 billion yuan, down from 39.36 billion in the first half of 2022.

Persons: Hong Kong's, Yuan Tian Jing, Evergrande Organizations: China Evergrande Group, Bloomberg, Getty, China Evergrande, Bloomberg News, Hong, Trading, Reuters Locations: Yangzhou, China, Hong Kong, —, Hengda, U.S

☆ Newly discovered pangolin species could aid in fight against extinction
▼ + stars: | 2023-09-27 | by ( Faye Chiu | Jenna Schnuer | ) edition.cnn.com time to read: +4 min

There are eight previously known species of pangolin — four found in Asia and four in Africa. Genomics can help protect threatened speciesThe scales’ form initially suggested they belonged to one of four species of pangolin found in Asia. But DNA analysis showed that their “genomic data provide robust and compelling evidence that it is a new pangolin species distinct from those previously recognized,” Hu said. An analysis of contraband pangolin scales revealed genetic markers not seen in known species, researchers said. “We also expect to find other pangolin species,” Hu said.

Persons: CNN —, —, ”, Jing, Yan Hu, pangolin, ” Hu, Aryn Wilder, Wilder, Manis mysteria, Feng Yang One, ” Wilder, “, Hu Organizations: CNN, State Key Laboratory for Conservation, Yunnan University, San Diego Zoo Wildlife Alliance Locations: Asia, Africa, Hong Kong, Yunnan

☆ 'Who should I hire? Will I get rich?' Fortune telling is a booming business in Singapore
▼ + stars: | 2023-09-25 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +7 min

To determine if a candidate was a good fit for his company, one CEO is said to have consulted a "feng shui" master. From who to hire to where to put their money and when is the best time to get married, more and more people are turning to fortune telling in Singapore. "Especially if it's a C-suite hire, or if it's a very important hire and the companies are unsure. said Chase Woo, managing partner at Hoseiki, a feng shui atelier which also does consultations. Jonathan Lok consulted a feng shui master before picking Jan. 27 to get married.

Persons: Luis Acosta, it's, Benedict, Feng shui, Mark Tan, Tan, Jing, Chase Woo, she's, feng shui, Roslan Rahman, Woo, Jonathan Lok Organizations: Afp, Getty, SINGAPORE, Way, Singapore's Department of Statistics, Singapore's Ministry of Manpower, Tripartite, country's Association of Small, Enterprises, Fengshui, Nurphoto Locations: Singapore

☆ China's property slump worsens, clouding recovery prospects
▼ + stars: | 2023-09-15 | by ( ) www.cnbc.com time to read: +1 min

Residential buildings under construction at the Tao Yuan Tian Jing project, developed by China Evergrande Group, in Yangzhou, China, on Thursday, Sept. 7, 2023. Speculative bets that Chinese authorities will widen support for the property sector sent some of the country's ailing developers surging by the most on record. A slump in China's property sector worsened in August, with deepening falls in new home prices, property investment and sales, despite a recent flurry of support measures, adding pressure to the world's second-largest economy. For August, property investment fell for the 18th straight month, down 19.1% year-on-year from a 17.8% slump the previous month, separate data showed on Friday. Home sales are down for the 26th consecutive month, according to Reuters calculations based on the data.

Persons: Yuan Tian Jing Organizations: China Evergrande Group, National Bureau, Statistics Locations: Yangzhou, China, Beijing

☆ Country Garden gets maturity extension approval for one more onshore bond - sources
▼ + stars: | 2023-09-13 | by ( ) www.reuters.com time to read: +3 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. Shares in Country Garden, China's largest private property developer, jumped as much as 14% in Hong Kong on Wednesday. A Country Garden spokesperson did not immediately respond to Reuters' request for comment on the maturity extension of the bond. Before the latest voting to extend the maturities of eight onshore bonds, Country Garden managed to avoid default at the last minute twice earlier this month, bringing some relief to the battered property sector. Of those eight Country Garden bonds, maturity extensions for six have been approved, Reuters reported on Tuesday, citing sources.

Persons: Aly, Ting Meng, Shuyan Wang, Jing Bian, Xie Yu, Sumeet Chatterjee, Tom Hogue Organizations: Shanghai Country Garden, REUTERS, Rights, Reuters, Garden, Country Garden, ANZ, Thomson Locations: Shanghai, China, Rights BEIJING, HONG KONG, HK, Hong Kong, Beijing

☆ Country Garden secures bondholder reprieve, sources say; shares soar
▼ + stars: | 2023-09-12 | by ( ) www.reuters.com time to read: +3 min

Country Garden did not immediately reply to a request for comment. The latest voting came after Country Garden on Sept. 1 gained approval from creditors to extend payments by three years for a 3.9 billion yuan ($533 million)onshore private bond. Country Garden, one of the few large Chinese developers that has not defaulted on debt obligations, has faced liquidity pressure with reduced available funds as sales plunged, its interim financial statements showed. It has 108.7 billion yuan ($14.9 billion) of debts due within 12 months, while its cash level are around 101.1 billion yuan as of end-June, according to the company's interim financial statement. Any default by Country Garden would exacerbate the country's spiralling real estate crisis, put more strain on its struggling banks and could delay the recovery of not only the property market, but the overall Chinese economy.

Persons: Shuyan Wang, Jing Bian, Xie Yu, Muralikumar Anantharaman, Jamie Freed Organizations: HK, Mainland Properties, Thomson Locations: SHANGHAI, BEIJING, Hong Kong, Beijing, Shanghai

☆ China 2023 GDP growth forecast cut to 5.0%, 4.5% in 2024 - Reuters poll
▼ + stars: | 2023-09-12 | by ( Vivek Mishra | ) www.reuters.com time to read: +4 min

"The primary culprit is the property sector. This source of growth has now evaporated and won't be coming back," said Julian Evans-Pritchard, head of China economics at Capital Economics in Singapore. The Sept. 4-11 Reuters poll of 76 analysts, based in and outside mainland China, predicted the economy would grow 5.0% this year, lower than 5.5% forecast in a July survey. While recent data showed signs of improvement in the economy, some economists said more policy support was needed for the ailing property sector. A strong majority of economists who answered an additional question said the risks to their 2023 and 2024 GDP growth forecasts were skewed to the downside.

Persons: Julian Evans, Pritchard, Bingnan Ye, Teeuwe Mevissen, Vivek Mishra, Devayani, Anant Chandak, Veronica Khongwir, Jing Wang, Kevin Yao, Ross Finley, Sam Holmes Organizations: Capital Economics, China Merchants Bank, People's Bank of, Rabobank, Thomson Locations: BENGALURU, China, Singapore, Beijing, Hong Kong, People's Bank of China, Netherlands, Bengaluru, Shanghai

☆ Tesla shows off restyled Model 3 sedan at Beijing trade fair
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

[1/3] Tesla's new Model 3 sedan is seen displayed at the China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Acquire Licensing RightsBEIJING, Sept 2 (Reuters) - Tesla (TSLA.O) showed off its restyled, China-made Model 3 sedan for the first time to the public at a trade fair in Beijing, after launching it a day before in several countries. The U.S. automaker displayed a flame red version of the car - marking the first change to its mass-market car line-up since it launched its global best-seller, the Model Y, in 2020 - at the China International Fair for Trade in Services (CIFTIS). At the fair, Tesla sales staff answered questions from interested buyers. Tesla has also said it will show the new model at the Munich auto show, which opens on Tuesday.

Persons: Florence Lo, Guo, Tesla, Hu, Xiaoyu Yin, Jing Xu, Brenda Goh, Ros Russell Organizations: Fair for Trade, Services, REUTERS, Rights, U.S, Thomson Locations: Beijing, China, Rights BEIJING, United States, Shanghai, Asia, Europe, Munich

☆ China will widen market access for the service industry - President Xi
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +1 min

Chinese President Xi Jinping is seen on a screen during a video address for the Global Trade in Services Summit, at the media centre for China International Fair for Trade in Services (CIFTIS) in Beijing, China September 2, 2023. REUTERS/Florence Lo Acquire Licensing RightsBEIJING/SHANGHAI, Sept 2 (Reuters) - Chinese President Xi Jinping said on Saturday that China would widen market access in the service industry and promote cross-border services trade. Speaking via video at the China International Fair for Trade in Services (CIFTIS) in Beijing, Xi said China would focus on expanding the domestic market, increasing imports of high-quality services and reforming the country's basic data system. Xi said China will promote the integrated development of high-end manufacturing and modern service industries. Reporting by Jing Xu and Ryan Woo in Beijing and Jason Xue in Shanghai.

Persons: Xi Jinping, Florence Lo, Xi, Jing Xu, Ryan Woo, Jason Xue, Gerry Doyle, Miral Organizations: Global Trade, Services, China, Fair for Trade, REUTERS, Rights, Thomson Locations: Beijing, China, Rights BEIJING, SHANGHAI, Shanghai

Coins and banknotes of China's yuan are seen in this illustration picture taken February 24, 2022. Country Garden, China's largest private developer by sales, did not immediately respond to Reuters request for comment. Lower deposit rates will partially offset various pressures on banks' narrowing net interest margins - a key gauge of profitability, said Nicholas Zhu, a banking analyst at Moody's. "The impact of the deposit rate cut is material, given that close to three-quarters of Chinese banks' liabilities are deposits," Zhu said. China's mortgage loans totalled 38.6 trillion yuan ($5.29 trillion) at the end of June, representing 17% of banks' total loan books.

Persons: Florence Lo, Nicholas Zhu, Zhu, Ziyi Tang, Ryan Woo, Wang Jing, Davide Barbuscia, Anne Marie Roantree Organizations: REUTERS, HK, Industrial, Commercial Bank of China, China Construction Bank Corp, Agricultural Bank of China, Reuters, Industrial Bank Co Ltd, China Bohai Bank Co Ltd, Thomson Locations: BEIJING, Beijing, China, Washington, Guangzhou, Shenzhen, New York, Lincoln

☆ China Renaissance says detained chairman cooperating with authorities in probe
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +1 min

Fan Bao, founder, Chairman and CEO of China Renaissance Group, an investment bank led by one of the country’s most famed rainmakers, holds a news conference on its IPO in Hong Kong, China September 13, 2018. REUTERS/Bobby Yip/File PhotoAug 9 (Reuters) - China Renaissance Holdings (1911.HK) said on Wednesday that investigations against its chairman Bao Fan by certain authorities were being carried out with his cooperation. The probe is the latest in a series of high-profile Chinese executives going missing with little explanation during a sweeping anti-corruption campaign spearheaded by President Xi Jinping. The disappearance of Bao in February saw shares of the investment bank plunge as much as 50% and led the bank to suspend trading in the stock from April. China Renaissance also said it would delay its audited annual results.

Persons: Bao, Bobby Yip, Bao Fan, Xi Jinping, Xie Yi Jing, Wang Lixing, Roushni Nair, Arun Koyyur Organizations: China Renaissance Group, REUTERS, China Renaissance Holdings, HK, Economic Observer, Thomson Locations: Hong Kong, China, Bengaluru

☆ There are both cyclical and structural factors behind China’s high youth unemployment rate: HSBC
▼ + stars: | 2023-07-18 | 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 EmailThere are both cyclical and structural factors behind China’s high youth unemployment rate: HSBCJing Liu of HSBC says one factor behind China's high youth unemployment rate is the mismatch between what jobs are available in the market and what young job seekers are looking for.

Persons: HSBC Jing Liu Organizations: HSBC

☆ Instant View: China's Q2 GDP growth slows to 0.8% q/q, raises stimulus expectations
▼ + stars: | 2023-07-17 | by ( ) www.reuters.com time to read: +11 min

"Consumers are not spending, mainly driven by the bleak outlook for the property market. Disappointing retail numbers and property market sales show it doesn't seem that the boost from rate cuts is sufficient. ..the property market is beginning another slowdown - the government will have to come up with more stimulus for property." "Nonetheless, we think more stimulus is required to stabilise and restore confidence in the property market." ZHIWEI ZHANG, CHIEF ECONOMIST, PINPOINT ASSET MANAGEMENT, HONG KONG"Nominal GDP growth turns out to be lower than real GDP growth in Q2, the first time since comparable data are available in Q4 2016.

Persons: CHRISTOPHER WONG, LOUIS KUIJS, CAROL KONG, XING ZHAOPENG, KEN CHEUNG, ALVIN TAN, VISHNU VARATHAN, MARCO SUN, CHEN, TONY SYCAMORE, ZHIWEI ZHANG, JING LIU Organizations: Gross, National Bureau, Statistics, Shanghai, NBS, BANK OF, ANZ, MIZUHO BANK, OF, OF ASIA FX, RBC, MUFG BANK, IG, SYDNEY, Friday's, BANK OF SINGAPORE, HSBC, stoke, Authorities, Reuters, U.S, Thomson Locations: U.S, SINGAPORE, ASIA, HONG KONG, SYDNEY, CHINA, SHANGHAI, OF ASIA, China

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