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Former real-estate developer Guo Wengui has said he fled China in 2014 after hearing that a state security official to whom he was close would be arrested. Chinese businessman Guo Wengui , who gained attention by lobbing corruption allegations at Beijing from a Manhattan penthouse and later launched a media company with Trump confidant Steve Bannon , was arrested Wednesday and accused of orchestrating a $1 billion fraud. Mr. Guo took advantage of the hundreds of thousands of followers he amassed online, prosecutors alleged, by soliciting investments in his cryptocurrency, media and other companies. Instead, he used the money to buy a $26 million home in New Jersey, a yacht, a Ferrari and a $36,000 mattress, among other items, said the indictment, which charged Mr. Guo with 11 counts of fraud and money laundering. Prosecutors said they seized $634 million in criminal proceeds and assets that included a Lamborghini.
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SINGAPORE—A plan by China to restrict exports of key solar manufacturing technology could delay attempts to build up a domestic solar supply chain in the U.S., industry experts say. China’s Ministry of Commerce and Ministry of Science and Technology are considering adding advanced technology used in the production of ingots and wafers, some of the building blocks of solar panels, to a list of technologies that are subject to export controls.
The coal ban reshaped energy markets and showed how Beijing’s efforts to use its economy as a foreign-policy tool can have limits. China effectively ended a ban on Australian coal that has been a centerpiece of a diplomatic dispute lasting more than two years, in the latest indication that Beijing is taking a less confrontational approach in its foreign policy as the economy struggles. Customs officials in the southern province of Guangdong on Thursday received notice from the local government that they can clear Australian coal shipments, two people familiar with the situation said. The move comes about a week after the country’s national planning agency permitted a group of large state-owned companies to buy Australian coal again. The Guangdong government didn’t immediately respond to a request for comment.
SINGAPORE—China’s leader Xi Jinping offered a rare acknowledgment of the difficulties that three years of pandemic controls—which were abruptly lifted this month—have imposed on the Chinese population. He called for more determination and promised better times ahead. “It has not been an easy journey for anyone. Everyone is holding on with great fortitude, and the light of hope is right in front of us,” Mr. Xi said during his annual New Year’s Eve speech to the nation on Saturday.
SINGAPORE—China’s leader Xi Jinping offered a rare acknowledgment of the difficulties that three years of pandemic controls—which were abruptly lifted this month—have imposed on the Chinese population. He called for more determination and promised better times ahead. “It has not been an easy journey for anyone. Everyone is holding on with great fortitude, and the light of hope is right in front of us,” Mr. Xi said during his annual New Year’s Eve speech to the nation on Saturday.
SINGAPORE—Some groups of Chinese travelers have staged spot protests against being sent into still-mandatory quarantine—and they have won. China has announced an end to quarantine on arrival, but not until Jan. 8. At the Nanjing airport, about 100 travelers argued with health workers and police that it made no sense to follow a rule that was about to disappear.
He has met the emperor and welcomed President Biden to his home, but Rahm Emanuel said an equally thrilling moment as ambassador to Japan came when he was offered a ride in the conductor’s cabin of a bullet train. His eyes opened wide. The train races toward Tokyo at more than 150 miles an hour. “Yeah, I want to! If you’ll let me,” Mr. Emanuel, 63, recalled saying.
Nearly a week after protests exploded across China over the country’s zero-tolerance Covid controls, Chinese authorities have restored a tense calm to the streets with a two-pronged strategy. Chinese leaders have moved to address the demands of protesters by signaling an easing of the country’s strict Covid policies. At the same time, police have deployed en masse to the sites of protests and hunted down activists, one by one, using the tools of the digital surveillance state.
China’s New Daily Covid Cases Jump Above 24,000
  + stars: | 2022-11-18 | by ( Sha Hua | ) www.wsj.com   time to read: 1 min
Beijing reported more than 450 new cases, close to Monday’s record. SINGAPORE—China’s central government has laid out preparations to deal with surging Covid-19 infections, while warning local authorities against “irresponsible loosening” of pandemic-control measures. China would continue to “rectify the practice of excessive measures such as lockdowns, while also opposing irresponsible attitudes and prevent a loosening up,” said Mi Feng, spokesman for China’s National Health Commission during a briefing on Thursday.
Resurrection of U.S.-China Ties Boosts COP27 Climate Talks
  + stars: | 2022-11-17 | by ( Chao Deng | Sha Hua | ) www.wsj.com   time to read: 1 min
SHARM EL SHEIKH, Egypt—The revival of formal dialogue between the U.S. and China at United Nations climate talks in Egypt is injecting diplomatic momentum into negotiations that delegates say have been rife with division. Cooperation between the U.S. and China is critical if the world is to avoid the most catastrophic effects of climate change, according to climate scientists. Without the world’s two largest emitters of carbon dioxide working together, they say, it will be impossible to meet the target of limiting global warming to below 2 degrees Celsius and preferably 1.5 degrees Celsius.
Several cities said they would no longer carry out mandatory mass testing. SINGAPORE—A sevenfold surge in coronavirus infections over the past two weeks is testing China’s new policy of loosened measures that aim to reduce the impact of zero-Covid restrictions. On Wednesday, China reported almost 20,000 new locally transmitted Covid-19 cases, with infections recorded all over the country. While below the peak in April, when nine out of 10 cases nationwide were in Shanghai, the latest wave of infections has spread more widely, with multiple regions battling their biggest outbreaks of the pandemic.
China is sending a large delegation to the United Nations climate summit in Egypt, but it is unlikely to bow to demands to strengthen its pledge to reduce greenhouse-gas emissions, China energy experts say. The country wants to appear independent, rather than in collaboration with the U.S., when it makes any new climate commitments, they say. It is facing criticism from the U.S. and other countries that its pledges to reduce greenhouse-gas emissions aren’t aggressive enough.
SINGAPORE—China’s top anticorruption agency is investigating a deputy governor of the People’s Bank of China, in a move that signals tighter scrutiny of China’s central bank after the conclusion of a Communist Party conclave last month where Xi Jinping secured a norm-breaking third term as leader. The investigation into Fan Yifei for “suspected serious violations of laws and discipline” was announced in a single-sentence statement published Saturday by the anticorruption agency, the Central Commission for Discipline Inspection. Fan was taken from his workplace on Friday afternoon, according to the Securities Times, a state-owned newspaper.
Chinese leader Xi Jinping welcomed German Chancellor Olaf Scholz with a nod to the close ties between the countries, at the start of a visit that is being closely watched for any shift in posture by Europe’s largest economy following Russia’s invasion of Ukraine. “You’re the first European leader to visit after the 20th National Congress of the Chinese Communist Party, and it’s also your first visit since you took office,” said Mr. Xi, referring to last month’s party conclave in Beijing, where he secured a fresh five-year term in power.
Germany’s Olaf Scholz Puts Business First in Beijing Visit
  + stars: | 2022-11-04 | by ( Sha Hua | ) www.wsj.com   time to read: 1 min
Germany and China struck business deals and reaffirmed a once-cozy relationship that has come under strain as Beijing has adopted a harder-edged stance in its dealings with the West and as political pressure has mounted within Germany to lessen economic dependence on China. On Friday, Chinese leader Xi Jinping welcomed Olaf Scholz to Beijing as the German chancellor largely brushed aside calls to keep a distance from China, prioritize human-rights concerns and squeeze Beijing on its unwillingness to condemn Russia’s war in Ukraine.
Geopolitical strife and energy market turmoil have upended prospects for reaching a global agreement to accelerate efforts to limit climate change, with many big economies failing to submit faster timetables for emissions reductions ahead of next week’s United Nations summit. With only days to go before world leaders and negotiators convene in the Egyptian resort town of Sharm El Sheikh for COP27, few countries have followed through on the sweeping agreement struck at last year’s conference in Glasgow. That accord urged national governments to submit more ambitious plans to the U.N. by the end of this year to wean their economies off fossil fuels and take other measures aimed at limiting global warming.
SINGAPORE—China agreed to approve BioNTech SE’s Covid-19 vaccines for foreign residents, German Chancellor Olaf Scholz said in Beijing Friday, in what would mark the first approval of an mRNA vaccine for Covid-19 for use in China. Mr. Scholz and Chinese leader Xi Jinping also discussed a pathway for approving the BioNTech vaccine for the broader population in China, Mr. Scholz said in a news conference, suggesting that regulators at the European Medicines Agency would be involved.
SINGAPORE—China agreed to approve BioNTech SE’s Covid-19 vaccines for foreign residents, German Chancellor Olaf Scholz said in Beijing Friday, in what would mark the first mRNA vaccine for Covid-19 approved for use in China. Mr. Scholz and Chinese leader Xi Jinping also discussed a pathway for approving the BioNTech Covid vaccine for the broader population in China, Mr. Scholz said in a news conference, suggesting that regulators at the European Medicines Agency would be involved.
HONG KONG—Chinese leader Xi Jinping doubled down on the need to increase China’s self-sufficiency in technology and supply chains during a Communist Party meeting, as the country faces a growing economic and technological rivalry with the U.S. In a report delivered to the 20th National Congress of China’s Communist Party on Sunday, Mr. Xi warned of China’s lingering inadequacies in its scientific and technological innovation as well as its vulnerabilities in supply chains among the core challenges facing the country.
The U.S.’s pre-eminence among the world’s top research universities continues to diminish, according to a new global ranking, while Chinese universities are on the rise, producing a greater quantity and higher quality of research than ever before. This year’s World University Rankings, released Tuesday by Times Higher Education, a British publication that tracks education, also named University of Oxford in England the world’s leading research university for the seventh straight year.
This year’s World University Rankings named University of Oxford in England the world’s leading research university for the seventh straight year. The U.S.’s pre-eminence among the world’s top research universities continues to diminish, according to a new global ranking, while Chinese universities are on the rise, producing a greater quantity and higher quality of research than ever before. This year’s World University Rankings, released Tuesday by Times Higher Education, a British publication that tracks education, also named University of Oxford in England the world’s leading research university for the seventh straight year.
This year’s World University Rankings named University of Oxford in England the world’s leading research university for the seventh straight year. The U.S.’s pre-eminence among the world’s top research universities continues to diminish, according to a new global ranking, while Chinese universities are on the rise, producing a greater quantity and higher quality of research than ever before. This year’s World University Rankings, released Tuesday by Times Higher Education, a British publication that tracks education, also named University of Oxford in England the world’s leading research university for the seventh straight year.
Among the Chinese and Chinese-American scientists who have recently left the U.S. are widely cited names from MIT, as well as Harvard and the University of Chicago. HONG KONG—An increasing number of scientists and engineers of Chinese descent are giving up tenured positions at top-tier American universities to leave for China or elsewhere, in a sign of the U.S.’s fading appeal for a group that has been a driver of innovation. The trend, driven in part by what many of the scholars describe as an increasingly hostile political and racial environment, has caused the Biden administration to work with scholars of Chinese descent to address concerns.
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