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☆ Exclusive: Beijing bourse tells 'major shareholders' to refrain from selling, sources say
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

The sign of Beijing Stock Exchange is seen at its entrance during an organised media tour, in Beijing, China February 17, 2022. A "major shareholder" is one with a stake of 5% or more and is required to make a public filing with the relevant stock exchange before selling shares, according to rules for China's bourses. The Beijing exchange has been rejecting those filings, said the people who were not authorised to speak to media and declined to be identified. The Beijing exchange and the China Securities Regulatory Commission did not immediately reply to requests for comment. The Beijing bourse currently houses 232 listed companies with a combined market capitalisation of 366 billion yuan ($50 billion).

Persons: Florence, Edwina Gibbs Organizations: Beijing Stock Exchange, REUTERS, Rights, bourse, China Securities Regulatory Commission, Beijing bourse, Shanghai bourse, Thomson Locations: Beijing, China, Rights SHANGHAI, BEIJING, Shanghai, Shenzhen

☆ China's money market shows signs of liquidity tightness towards month-end
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsSHANGHAI, Nov 27 (Reuters) - Cash conditions in China's money market showed signs of tightness on Monday, as market participants grew cautious about month-end demand and a recent liquidity squeeze remained fresh in memory. The price of the benchmark seven-day repos traded in the interbank market, hit a high of 2.8% on Monday, the highest level since Oct. 31. Meanwhile, the borrowing cost of such repos for non-bank financial institutions was about 3.5%, according to traders. "Money that can help span the month-end has tightening bias, and it's expensive for non-banks," said a trader at a Chinese bank. NCDs has been a popular short-term debt instrument used by financial institutions in the interbank market for financing.

Persons: Tingshu Wang, repos, Liu Yu, NCDs, Kim Coghill Organizations: People's Bank of China, REUTERS, Rights, GF Securities, AAA, Reuters, Shanghai, Thomson Locations: Beijing, China

☆ ByteDance to wind down Nuverse in full retreat from gaming -sources
▼ + stars: | 2023-11-27 | by ( Josh Ye | ) www.reuters.com time to read: +2 min

The ByteDance logo is seen at the company's office building in Shanghai, China, July 4, 2023. The Chinese technology firm has no plan to return to the $185 billion global video games market, said the people, who declined to be identified as the information is not public. Casual gaming brand Ohayoo, whose games feature on Douyin - TikTok's sister app in China - will not be affected, neither will casual games that run on TikTok, one of the people said. ByteDance's 2019 creation of Nuverse was widely seen as a major push into global gaming and a strategic element of its competition with domestic rival Tencent Holdings (0700.HK), the world's biggest gaming company. Nuverse came into focus again in 2021 when ByteDance formalised its status as one of its six business units under a broader structural overhaul.

Persons: Aly, Will, ByteDance, Pico, Nuverse, Josh Ye, Brenda Goh, Christopher Cushing Organizations: REUTERS, Reuters, Moonton Technology, Tencent Holdings, HK, C4games, Thomson Locations: Shanghai, China, HONG KONG

The full benefit for these Indian manufacturers will not be immediate, said Peter DeYoung, CEO of Piramal Pharma Solutions. Nimgaonkar said Indian CDMOs need to do more to ensure their reputation on quality standards matches Western and Chinese ones. The Indian CDMOs told Reuters that their facilities are routinely inspected by the FDA. Aragen counts seven of the 10 biggest pharma companies as clients, he said, declining to name them. "New biotechs are deciding to put eggs in both the Indian and China baskets from the start," Subramanian said.

Persons: Trump, Tommy Erdei, Ashish Nimgaonkar, Nimgaonkar, Sai, Peter DeYoung, Helen Chen, CDMOs, Piramal, DeYoung, Ramesh Subramanian, Subramanian, Maggie Fick, Andrew Silver, Michele Gershberg, Catherine Evans Organizations: Jefferies, Glyscend Therapeutics, Reuters, Sciences, Piramal Pharma, Sai Life Sciences, Western pharma, Piramal Pharma Solutions, L.E.K, Consulting, pharma, U.S . Food, Drug Administration, FDA, Thomson Locations: China, India, SHANGHAI, HYDERABAD, U.S, Shanghai, United States, London, Hyderabad

☆ DouYu International forms committee to manage ops after CEO's arrest
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

People walk past a booth of live-streaming platform Douyu at the ChinaJoy digital entertainment expo in Shanghai, China July 28, 2016. REUTERS/Stringer/File Photo Acquire Licensing RightsNov 27 (Reuters) - Live streaming platform operator DouYu International Holdings said on Monday it has formed an interim management committee to manage its operations, following the arrest of its chief executive. Last week, DouYu said its chief executive officer and chairman Chen Shaojie was arrested on Nov. 16 in the southwestern city of Chengdu. Backed by Chinese tech giant Tencent (0700.HK), DouYu is the leading video game streaming platform in China by number of users. DouYu also appointed Simin Ren as its vice president last week, it said.

Persons: Stringer, Mingming Su, Hao Cao, Simin Ren, DouYu, Chen Shaojie, Chen, Echha Jain, Krishna Chandra Organizations: REUTERS, DouYu, Holdings, HK, Thomson Locations: Shanghai, China, Chengdu, Bengaluru

☆ Exclusive: Beijing stock exchange tells 'major shareholders' to refrain from selling -sources
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

The sign of Beijing Stock Exchange is seen at its entrance during an organised media tour, in Beijing, China February 17, 2022. REUTERS/Florence Lo/File Photo Acquire Licensing RightsSHANGHAI/BEIJING Nov 27 (Reuters) - The Beijing Stock Exchange has de facto implemented a new policy that prevents major shareholders of companies listed on its bourse from selling stock, worried that such sales could douse a market rally, three people familiar with the matter said. The Beijing exchange has been rejecting those filings, said the people who were not authorised to speak to media and declined to be identified. The so-called window guidance - where directions are made orally without written documents - could help sustain the upward momentum for the Beijing Stock Exchange 50 Index (.CSI899050). Reporting by Beijing and Shanghai newsroom; Editing by Edwina GibbsOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence, Edwina Gibbs Organizations: Beijing Stock Exchange, REUTERS, Rights, bourse, China Securities Regulatory Commission, Beijing Stock, Thomson Locations: Beijing, China, Rights SHANGHAI, BEIJING, Shanghai

☆ Record numbers sit for China civil service exam, hoping for job security
▼ + stars: | 2023-11-27 | by ( Bernard Orr | Thomson Reuters | Bernard Orr Is A Veteran Journalist With Over Years Of Experience. He Reports On Breaking News Mainland China | ) www.reuters.com time to read: +2 min

BEIJING, Nov 27 (Reuters) - More than three million people took China's annual civil service exam on the weekend, state media reported on Monday, a record number that underscores young people's concerns about getting a secure job in a rocky economy. With stubbornly high youth employment in the world's second-largest economy, the prospect of a less glamorous career in the civil service is increasingly attractive as private sector job opportunities dwindle. "After all, the general environment is not good," one user of the Weibo social media platform said of economic prospects as posts about the civil service exam surged. The exam was held simultaneously in 237 cities across the country on Sunday, the state-run China Daily reported. The Global Times reported that the number of civil service jobs had increased for the past five years.

Persons: Chu Zhaohui, Bernard Orr, Robert Birsel Organizations: Weibo, Companies, China Daily, Global Times, China News Network, China National Academy of Educational, Thomson Locations: BEIJING, China, Beijing, Shanghai

☆ Beijing is reportedly blocking big shareholders from selling stocks in a bid to sustain a market rally
▼ + stars: | 2023-11-27 | by ( George Glover | ) www.businessinsider.com time to read: +3 min

Beijing's stock exchange is stopping major shareholders from selling stocks, Reuters reported. Sales are being blocked in a bid to sustain a market rally, sources told the news agency. AdvertisementThe Beijing Stock Exchange is stopping big shareholders from selling stocks in a bid to sustain a market rally, Reuters reported. It's not clear how long the policy, which appears to be an attempt by the authorities to ensure a recent market rally doesn't fade, will stay in effect, per Reuters. The Beijing Stock Exchange is the youngest of China's three major exchanges.

Persons: —, didn't Organizations: Reuters, Service, Beijing Stock Exchange, Beijing Stock, CSI, China Securities Regulatory Commission, Business, China Morning Post, Financial Locations: Beijing, Shanghai, Shenzhen, Sichuan

☆ Uganda to borrow $150 mln from China's Exim after World Bank halts funding
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A worker is seen near a sign of the Export-Import Bank of China at the venue for the second China International Import Expo (CIIE) in Shanghai, China October 31, 2019. REUTERS/Stringer/File Photo Acquire Licensing RightsKAMPALA, Nov 27 (Reuters) - Uganda is preparing to borrow $150 million from China's Export Import Bank (Exim) to help expand its internet infrastructure, the finance ministry on Monday. A junior finance minister and the minister for information asked lawmakers on Monday to authorise the debt, the finance ministry wrote on X, the social media platform. Uganda is in negotiations with Chinese export credit agency SINOSURE and Exim Bank for a loan to finance the construction of a pipeline to help Uganda export its crude oil to international markets. The World Bank, traditionally Uganda's biggest development lender, halted loans to Uganda after President Yoweri Museveni signed the Anti-Homosexuality Act which hands out tough sentences including death for a range homosexual activities.

Persons: Stringer, SINOSURE, Yoweri Museveni, Elias Biryabarema, Hereward Holland, William Maclean Organizations: Export, Import Bank of China, China, REUTERS, Rights, China's Export Import Bank, World Bank, Exim Bank, Bank, Thomson Locations: Shanghai, China, Rights KAMPALA, Uganda

☆ China's respiratory illness surge not as high as pre-pandemic- WHO official
▼ + stars: | 2023-11-27 | by ( Andrew Silver | ) www.reuters.com time to read: +1 min

SHANGHAI, Nov 27 (Reuters) - The spike in respiratory illnesses that China is currently going through is not as high as before the COVID-19 pandemic, a World Health Organisation official said, reiterating that no new or unusual pathogens had been found in the recent cases. And the waves that they’re seeing now, the peak is not as high as what they saw in 2018-2019," Van Kerkhove told health news outlet STAT in an interview on Friday. China's National Health Commission spokesperson Mi Feng said on Sunday the surge in acute respiratory illnesses was linked to the simultaneous circulation of several kinds of pathogens, most prominently influenza. The WHO said on Friday no new or unusual pathogens had been found in the recent illnesses. Reporting by Andrew Silver; Editing by Miyoung Kim and Miral FahmyOur Standards: The Thomson Reuters Trust Principles.

Persons: Maria Van Kerkhove, Van Kerkhove, Mi Feng, Andrew Silver, Miyoung Kim Organizations: Health, World Health Organization, China, Program, WHO, Thomson Locations: SHANGHAI, China, Wuhan

☆ China's Didi Global says ride-hailing app had 'systems malfunction'
▼ + stars: | 2023-11-27 | by ( ) www.reuters.com time to read: +1 min

A man passes by a car of Chinese ride-hailing service Didi at the Shanghai Hongqiao International Airport in Shanghai, China August 14, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI/BEIJING, Nov 27 (Reuters) - Didi Global said on Monday its ride-hailing app had experienced a "systems malfunction" after users in multiple cities including Beijing and Shanghai said they were unable to book rides in the evening. The company apologised for the issue on its official Weibo account and said it was urgently trying to fix it. Didi is China's largest ride-hailing company, with its service in the country delivering average daily transactions of 31.3 million in the third quarter. Reporting by Brenda Goh in Shanghai and Ethan Wang in Beijing; Editing by Jan HarveyOur Standards: The Thomson Reuters Trust Principles.

Persons: Didi, Aly, Didi Global, Brenda Goh, Ethan Wang, Jan Harvey Organizations: Shanghai Hongqiao International, REUTERS, Rights, Thomson Locations: Shanghai, China, Rights SHANGHAI, BEIJING, Beijing, Weibo, Zhejiang, Jilin

☆ Alibaba's research arm shuts quantum computing lab amid restructuring
▼ + stars: | 2023-11-27 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +1 min

Alibaba Group sign is seen at the World Artificial Intelligence Conference (WAIC) in Shanghai, China July 6, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsSHANGHAI, Nov 27 (Reuters) - Chinese tech giant Alibaba (9988.HK) has cut a quantum computing laboratory and team from its research arm, donating both the lab and related experimental equipment to Zhejiang University, the company said on Monday. A spokesperson for Alibaba's DAMO Academy, Alibaba's in-house research initiative which included the lab, said the academy would continue to focus on technology research with the aim of being a leader in artificial intelligence (AI) research. The source said Zhejiang University would try and recruit the affected employees to work on its own quantum research. DAMO Academy was launched in 2017 by Alibaba Group to research advanced technologies such as AI and machine learning.

Persons: Aly, Eddie Wu, Casey Hall, Miral Organizations: Artificial Intelligence, REUTERS, Rights, HK, Zhejiang University, Alibaba's DAMO Academy, Alibaba's, Reuters, DAMO, Alibaba Group, Thomson Locations: Shanghai, China

Eventually, China wants the schemes to be integrated into national emissions trading and generate credits that can offset emissions by industrial polluters, government plans show. PERSONAL CARBON TRADINGChina's carbon inclusion ambitions have been in gestation since 2015, when the southeastern province of Guangdong published rules on how to convert low-carbon activity into credits. Guangdong also allows enterprises to meet 10% of carbon reduction obligations through carbon inclusion credits. And there are worries the carbon inclusion schemes could let industrial polluters off the hook by shifting the burden of emission cuts to households. China climate official Su Wei told local media the green transformation of China would "inevitably involve profound changes in people's daily habits and consumption patterns", but he said carbon inclusion schemes would remain voluntary.

Persons: David Kirton, China's, Xie Zhenhua, Banks, Benjamin Sovacool, Li, Zhang Xin, people's, Yaqiu Wang, Su Wei, David Stanway, Sonali Paul Organizations: REUTERS, China, Communist, China Academy of Sciences, People's Bank of, Boston University, Environmental Studies, New, Thomson Locations: Pingshan district, Shenzhen, Guangdong province, China, SHENZHEN, Dubai, Guangdong, People's Bank of China, Quzhou, Finland, British, Singapore, New York, Shanghai, Beijing

☆ Stock Market Today: Dow Futures Hover to Start the Week
▼ + stars: | 2023-11-27 | by ( ) www.wsj.com time to read: +1 min

As the market gets back into gear after the Thanksgiving holiday and a shortened Black Friday session, though, futures are subdued. Contracts linked to the S&P 500, Nasdaq-100 and the Dow industrials slipped about 0.1%. Most actively traded Brent futures declined about 1.6% to trade at close to $79 a barrel. That put Brent on pace for a fourth losing session, amid continued wariness about the coming OPEC cartel meeting. Asian stocks slipped, with indexes in Hong Kong, Shanghai and Tokyo closing down.

Persons: Dow industrials, Brent Organizations: Nasdaq Locations: Hong Kong, Shanghai, Tokyo, Europe

☆ Jack Ma: Alibaba founder’s ‘Ma’s Kitchen’ is betting on the food business in China
▼ + stars: | 2023-11-27 | by ( Michelle Toh | Eric Cheung | ) edition.cnn.com time to read: +3 min

“Ma’s Kitchen” has registered capital of 10 million yuan ($1.4 million), the system showed. 22 Arts and Culture, of which Jack Ma has 99.9% ownership, according to Qichacha, a corporate data provider in China. The new firm has not publicly provided details on its business model, or what kind of food it will sell. The Jack Ma Foundation did not immediately respond to a request for comment on Monday. Jack Ma seen in Shanghai in 2018.

Persons: Taipei CNN —, Jack Ma, ”, Ma’s, Ma, —, Ben Cavender, Aly Song, Cavender Organizations: Taipei CNN, National Enterprise, and Culture, Euromonitor International, China Market Research, CNN, “ Locations: Hong Kong, Taipei, Hangzhou, China, Shanghai

☆ Huawei to move smart car operations to new joint company with Changan
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Nov 26 (Reuters) - China's Huawei (HWT.UL) said on Sunday it will move core technologies and resources in its smart car unit, which has chalked up robust sales for a number of new vehicles, to a new joint company owned up to 40% by automaker Changan Auto. The new company will engage in research and development, production, sales and service of intelligent automotive systems and component solutions, Huawei said in a press release. "The new company will ... work with partners to promote innovation and leadership in smart car technology and promote the prosperity and development of the automotive industry," the release said. "The two parties will jointly support the target company to become an industry leader in automotive intelligent systems and component solutions based in China," the filing said. Huawei has repeatedly said it does not make cars on its own but only helps other automakers make better vehicles.

Persons: Yu Chengdong, Changan, Laurie Chen, Brenda Goh, Edmund Klamann Organizations: Huawei, Changan Auto, Chongqing Changan Automobile, Shenzhen Stock Exchange, Seres, Chery, Thomson Locations: BEIJING, Chongqing, China, Shenzhen, Beijing, Shanghai

☆ Where China’s consumers are spending. Jefferies' top sector picks for 2024
▼ + stars: | 2023-11-26 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Analysts generally say that for consumers in China today, daily essentials, rather than discretionary goods, are in. Top picks Both are on Jefferies' top picks list for the China consumer in 2024. In addition to being a staple at business dinners in China, Moutai has tried to branch out with co-branding in chocolate, ice cream and coffee. But the company said it expected the Chinese market to "to return to mid single-digit growth" in coming periods. The firm analyzed 80 publicly-listed consumer companies with a majority of revenue from mainland China.

Persons: China haven't, Jefferies, they'd, Alibaba, Moutai, Gamble, It's, North America —, Andy, McKinsey's Daniel Zipser, — CNBC's Michael Bloom Organizations: OC, C, Nestle, PepsiCo, Procter, Foods, China, Pacific Sun Advisors, McKinsey Locations: China, Shanghai, Hong Kong, U.S, Wednesday's, Shenzhen, Friday's, China —, North America, Asia

In 2019, Yu, worried that the stories of Jewish refugees in his hometown were being forgotten, came up with the idea for the piece. He approached the New York Philharmonic, which has had a partnership with the Shanghai Symphony since 2014, about commissioning the work together. Yu said he never expected the oratorio to premiere in wartime but hoped that its message would still resonate. Yu has long known Zigman, who has composed more than 60 Hollywood scores, including “The Notebook,” and he and Thibaudet suggested the idea for a tango concerto. “Our project is really about bridging cultures and humanity and love, hope, loss and tragedy,” Zigman said.

Persons: Yu, ”, Jean, Yves Thibaudet, Thibaudet, ” Zigman Organizations: New York Philharmonic, Shanghai Symphony, Shanghai, Hollywood Locations: Asia, Europe, Nanjing

☆ China ministry seeks more fever clinics to combat respiratory illness surge
▼ + stars: | 2023-11-26 | by ( ) www.cnbc.com time to read: +2 min

Parents take their children to see a doctor at the pediatric emergency department of a hospital in Shanghai, China, November 14, 2023. Recently, Shanghai seasonal change, A influenza and mycoplasma pneumonia high incidence. China's health ministry on Sunday urged local authorities to increase the number of fever clinics as the country grapples with a surge in respiratory illnesses in its first full winter since easing COVID-19 restrictions. National Health Commission spokesperson Mi Feng said on Sunday the surge in acute respiratory illnesses was linked to the simultaneous circulation of several kinds of pathogens, most prominently influenza. Cases among children are appearing especially high in northern areas like Beijing and Liaoning province, where hospitals are warning of long waits.

Persons: Mi Feng, Mi Organizations: Sunday, World Health Organization, China, Program, WHO, Health, State Council, State Locations: Shanghai, China, Wuhan, Beijing, Liaoning province

☆ Analysis-China Turns to Households in Fight to Slash Carbon Emissions
▼ + stars: | 2023-11-26 | by ( Nov. | At P.M. | ) www.usnews.com time to read: +7 min

Eventually, China wants the schemes to be integrated into national emissions trading and generate credits that can offset emissions by industrial polluters, government plans show. PERSONAL CARBON TRADINGChina's carbon inclusion ambitions have been in gestation since 2015, when the southeastern province of Guangdong published rules on how to convert low-carbon activity into credits. Other countries have toyed with the idea of personal carbon trading, with pilot schemes set up in Finland and Australia's Norfolk Island. Guangdong also allows enterprises to meet 10% of carbon reduction obligations through carbon inclusion credits. And there are worries the carbon inclusion schemes could let industrial polluters off the hook by shifting the burden of emission cuts to households.

Persons: David Stanway, David Kirton, China's, Xie Zhenhua, Banks, Benjamin Sovacool, Li, Zhang Xin, people's, Yaqiu Wang, Su Wei, Sonali Paul Organizations: Communist, China Academy of Sciences, People's Bank of, Boston University, Environmental Studies, New Locations: China, Shenzhen, Dubai, Guangdong, People's Bank of China, Quzhou, Finland, British, Singapore, New York, Shanghai, Beijing

TOKYO (AP) — Asian shares retreated Monday as investors awaited updates on consumer spending and inflation in the U.S. and other nations. While analysts expect them to stand pat on policy, attention remains relatively high, given concerns about inflation. Wall Street ended last week mixed with a half-day trading session that capped a fourth straight winning week. The holiday shopping season kicked off with Black Friday amid concerns that spending may slow under pressure from dwindling savings, rising credit card debt and inflation. The major stock indexes’ latest weekly gains reflect a turnaround in the market’s sentiment in November following a three-month slide.

Persons: ” Yeap Jun Rong, Hong, Hang Seng, Brent, Yuri Kageyama Organizations: TOKYO, Nikkei, IG, Shanghai, Reserve Bank of New, Bank of Korea, Bank of, Black, Dow Jones, Nasdaq, Nvidia, Google, CF Industries, Federal Reserve, Treasury, Benchmark, New York Mercantile Exchange, U.S Locations: U.S, China, Reserve Bank of New Zealand, Bank of Thailand

☆ Beijing police launch investigation into troubled wealth manager Zhongzhi
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

The office building of Zhongrong International Trust, a trust company partially owned by Zhongzhi Enterprise Group, in Beijing, China August 22, 2023. REUTERS/Florence Lo Acquire Licensing RightsSHANGHAI, Nov 25 (Reuters) - Beijing police are investigating suspected crimes committed by Zhongzhi Enterprise Group, a leading Chinese wealth manager, according to a social media post published by the Chaoyang Public Security Bureau on Saturday. Zhongzhi did not immediately reply to an email request for comment after normal business hours on Saturday. Zhongzhi apologised to its investors in a letter issued on Wednesday that said it had total liabilities of about 420 billion yuan ($58 billion) to 460 billion yuan ($64 billion), compared to estimated total assets of 200 billion yuan. The post did not specify what crimes Zhongzhi or the individuals were suspected of having committed.

Persons: Florence Lo, Zhongzhi, Casey Hall, Mark Potter Organizations: International Trust, Zhongzhi Enterprise Group, REUTERS, Rights, Chaoyang Public Security, Thomson Locations: Beijing, China, China's

☆ China says US destroyer entered its territorial waters without permission
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Nov 25 (Reuters) - The Chinese military said on Saturday that American naval destroyer USS Hopper entered China's territorial waters without the approval of the Chinese government. According to a post on the official WeChat account of the Chinese People Liberation Army's Southern Theatre Command, the Chinese military deployed its naval and air forces to "track, monitor and warn away" the vessel. It went on to say that the incident "proves that the United States is an out-and-out 'security risk creator' in the South China Sea." This latest announcement comes days after China accused the Philippines of enlisting "foreign forces" to patrol the South China Sea, referring to joint patrols held since Tuesday by Philippine and U.S. forces. Earlier this month, the United States and China held "candid" talks on maritime issues, including on the contested South China Sea, and the U.S. side underscored its concerns about "dangerous and unlawful" Chinese actions there, the U.S. State Department said.

Persons: Hopper, Casey Hall, Mark Potter Organizations: American, People Liberation, Southern Theatre Command, Philippine, U.S . State Department, Thomson Locations: SHANGHAI, United States, South China, China, Philippines, U.S

☆ Chinese military holds training drills near Myanmar border after convoy fire
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +1 min

Smoke rises as a truck burns near the Myanmar-China border, near Muse, Myanmar, in this screen grab obtained from a social media video released on November 23, 2023. Video Obtained by REUTERS Acquire Licensing RightsSHANGHAI, Nov 25 (Reuters) - China's military will begin "combat training activities" from Saturday on its side of the border with Myanmar, it said on social media, a day after a convoy of trucks carrying goods into the neighbouring Southeast Asian nation went up in flames. The training aims to "test the rapid maneuverability, border sealing and fire strike capabilities of theatre troops," the Southern Theatre Command, one of five in China's People's Liberation Army, said on the WeChat messaging app. The surge in fighting has displaced more than 2 million people in Myanmar, the United Nations says. Reporting by Casey Hall; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

Persons: Casey Hall, Clarence Fernandez Organizations: REUTERS Acquire, Rights, Southern Theatre Command, Liberation Army, Nations, Thomson Locations: Myanmar, China, Muse

☆ China, US exchange accusations over US vessel in South China Sea
▼ + stars: | 2023-11-25 | by ( ) www.reuters.com time to read: +2 min

BEIJING/SHANGHAI, Nov 26 (Reuters) - China and the United States exchanged accusations at the weekend over the disputed South China Sea, after China's military said it had driven away a U.S. warship that the U.S. Navy said was on a routine freedom of navigation operation. The U.S. Navy said on Sunday that the Hopper had "asserted navigational rights in the South China Sea near the Paracel Islands, consistent with international law". China claims almost the entire South China Sea, a conduit for more than $3 trillion of annual ship-borne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. This weekend's incident, China said, "proves that the United States is an out-and-out 'security risk creator' in the South China Sea". "Unlawful and sweeping maritime claims in the South China Sea pose a serious threat to the freedom of the seas."

Persons: Hopper, China's, Kristina Weidemann, Casey, Laurie Chen, Ben Blanchard, Mark Potter, Edmund Klamann Organizations: United, U.S . Navy, People's Liberation Army Southern Theatre Command, U.S, Australia, Philippine, U.S . 7th Fleet, U.S . State Department, Casey Hall, Thomson Locations: BEIJING, SHANGHAI, China, United States, U.S, South China, Philippines, Vietnam, Indonesia, Malaysia, Brunei, Beijing, Manila, South, Shanghai, Taipei

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