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☆ China offers a 'unique diversification opportunity,' says Bridgewater's co-CIO
▼ + stars: | 2024-11-19 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

But China offers a unique diversification opportunity, said Bridgewater Associates' co-CIO. Bridgewater's China hedge fund added local stocks after Beijing's stimulus-driven rally. AdvertisementThis is largely due to lower correlations between different markets as countries turn inward, Prince told the media outlet. They are also lowering correlations across markets, Prince told SCMP. Bloomberg reported in October that Bridgewater's onshore China hedge fund was adding local stocks after a September stock rally following Beijing's aggressive stimulus.

Persons: Asia —, Bob Prince, Prince, SCMP, Ray Dalio, Donald Trump's Organizations: Bridgewater Associates, South China Morning, Reuters, Bloomberg Locations: China, Asia, North America, Europe, Bridgewater

☆ China's top financial officials set to speak at Hong Kong summit
▼ + stars: | 2024-11-19 | by ( Anniek Bao | In | ) www.cnbc.com time to read: +2 min

GUANGZHOU, CHINA - APRIL 6: Chinese Vice Premier He Lifeng prepares for a meeting with U.S. Treasury Secretary Janet Yellen on April 6, 2024 in Guangzhou, China. Chinese Vice Premier He Lifeng and several other top financial policymakers are scheduled to speak Tuesday at a global financiers summit in Hong Kong. Hosted annually by the Hong Kong Monetary Authority, the third Global Financial Leaders Investment Summit will hold its main events throughout the day, after hosting guests at a welcome dinner on Monday evening. He, who oversees a top-level economic and financial policy-making body, would be delivering an opening keynote speech at the summit, according to South China Morning Post. Li Yunze, minister of China's National Financial Regulatory Administration, along with with Wu Qing, Chairman of China Securities Regulatory Commission and Zhu Hexin, deputy governor of People's Bank of China, are scheduled to discuss mainland China's financial developments in a panel, according to HKMA's agenda of the summit.

Persons: Lifeng, Janet Yellen, Li Yunze, Wu Qing, Zhu Hexin, Daniel Pinto, Morgan Stanley, Ted Pick, Jane Fraser, Goldman Sachs, David Solomon Organizations: U.S, Treasury, Hong Kong Monetary Authority, Global Financial, Investment, China Morning, Financial Regulatory Administration, China Securities Regulatory Commission, People's Bank of China, JPMorgan Chase, Citigroup Locations: GUANGZHOU, CHINA, Guangzhou, China, Hong Kong, Beijing

☆ US vs. Chinese replenishment ships: The workhorses that keep aircraft carriers operating
▼ + stars: | 2024-11-10 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +12 min

Yet for all their importance, their missions would be impossible if not for the US Navy's unsung workhorses: replenishment ships. But replenishment ships also form the weakest link in the chain of American and Chinese carrier groups. Chow Chung-yan/South China Morning Post via Getty ImageChina's replenishment shipsThe US Navy has over 100 years of experience building and operating replenishment ships. Ultimately, the Chinese opted to pursue a new design for its next replenishment ships: the Type 903-class oiler. China has the largest shipbuilding industry in the world, however, enabling it to quickly build more oilers and convert some of its merchant ships into replenishment ships.

Persons: —, Jason R, Henry J, Kaiser refuels, Kenan O'Connor, Kaiser, Lewis, Clark, Dwight D, Eisenhower, Cole Keller, John Lewis, Harvey Milk, Earl Warren —, USNS Robert F, Kennedy, Chow Chung, Michael Singley, Chaganhu, Benjamin Brimelow Organizations: Service, US, Supply, Military Sealift Command, US Navy, Military Sealift Command's Combat Logistics Force, MSC, FAS, USNS Supply, Navy, General Dynamics, USNS, General Dynamics's National Steel and Shipbuilding Company, China Morning, Soviet Navy, NATO, USS Supply, Japanese Ministry of Defense, Sealift Command, Big, Global Affairs, Fletcher School of Law, Diplomacy, Business, Modern, Institute Locations: China, Red, Getty, Ukraine, Gulf, Aden, Shandong, Taiwan, Guam, South China, Pacific, USNS Pecos, Israel, Iran, West

☆ Trump refers to CNN’s Anderson Cooper by a woman’s first name
▼ + stars: | 2024-10-28 | by ( The Associated Press | ) www.nbcnews.com time to read: +2 min

“If you watched her being interviewed by Allison Cooper the other night, he’s a nice person. You know Allison Cooper? Oh, no.”CNN journalist Anderson Cooper in New York City on Dec. 10, 2023. “Even Allison Cooper was embarrassed by it. He was embarrassed by it.”In referring to Cooper with a woman’s name, Trump appeared to turn to a stereotype heterosexual people have long deployed against gay men.

Persons: Donald Trump, Anderson Cooper, “ Allison Cooper, ” Trump, Cooper, Kamala Harris, Allison Cooper, Anderson, Mike Coppola, Trump, “, Joe Rogan, Arnold Palmer’s Organizations: CNN, Republican, Saturday, Trump Locations: NOVI, Mich, —, U.S, Traverse City , Michigan, New York City, Michigan, Pennsylvania

☆ Here's what's on Gen Z's 'micro-spending' wish list
▼ + stars: | 2024-10-09 | by ( Jordan Hart | ) www.businessinsider.com time to read: +5 min

Gen Z is choosing "micro-spending" over traditional financial milestones, analyst Riani Kenyon said. AdvertisementTwenty-somethings are ditching traditional financial milestones in favor of filling their wish lists with more instant forms of gratification. Gen Z is collecting trinketsSonny Angel dolls have become a hit with American Gen Zers. Related storiesThey're adhering to trendsHailey Bieber, a trendsetter for Gen Z, has many lining up to buy her beauty brand. RhodeAs the TikTok For You Page refreshes, so do the hot new items that Gen Zers must have.

Persons: Riani Kenyon, —, Ellyn Briggs, Meredith Whitney, Gen, Kenyon, Angel, Zers, Edmond So, Z, Sonny Angel, Sonny Angel unboxing, Hailey Bieber, Briggs, Gen Zers, Shawn Owens, Hailey Bieber's, It's, Owens, Stanley, Megan Willett, Owala, Todd Owyoung, Gen Z, That's Organizations: Service, Financial, American Express, China Morning, Getty, Dreams USA, Rhode, Wei, NBC Locations: TikTok, Hailey Bieber's Rhode

Though government officials criticized the paper’s reporting, that year it was rated among the city’s most credible news outlets by Hong Kong residents, according to a survey by researchers at the Chinese University of Hong Kong. We are targeting national security offenses,” Steve Li, chief superintendent of the national security police, said at the time. Earlier this month, the Hong Kong Journalists Association, a local press group, said dozens of Hong Kong journalists had been targeted by a “systemic” online and offline harassment and intimidation campaign that was the largest in scale the group had ever seen. There have also been rising reports of non-local journalists being denied work visas or entry to Hong Kong, an international media hub. Hong Kong ranked 135th out of 180 countries and territories in Reporters Without Borders’ 2024 World Press Freedom Index, compared with 70th in 2018.

Persons: Chung Pui, Patrick Lam, Hong, ”, Chung, Lam, Edmond So, Hong Kong’s, Steve Li, “, ” Chung, shirk, Selina Cheng, John Lee, Aleksandra Bielakowska Organizations: European Union, Hong, Stand, China Morning Post, Reuters, Chinese University of Hong, police, Hong Kong Journalists Association, Hong Kong, China’s Foreign Ministry Locations: Hong Kong, U.S, British, Asia, Beijing, Chinese University of Hong Kong, Taiwan

☆ Huawei's new trifold smartphone is being released tomorrow, and it's already creating a frenzy on resale sites
▼ + stars: | 2024-09-19 | by ( Lian Kit Wee | ) www.businessinsider.com time to read: +1 min

Huawei's new smartphone is being listed on resale sites for three times its retail price. The Mate XT will feature a tri-fold design and have generative AI features. Go to newsletter preferences Thanks for signing up! download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Huawei's new trifold smartphone, the Mate XT, is set to hit stores on Friday.

Persons: —, it's, Lin Shen Organizations: Service, Huawei, South China Morning, Business

☆ China seeks a homegrown alternative to Nvidia — these are some of the companies to watch
▼ + stars: | 2024-09-17 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +5 min

This has renewed focus on China's homegrown efforts to rival Nvidia and create semiconductors that can underpin the world's second-largest economy's own AI industry. Huawei then sells these chips as a part of servers that go into data centers to train AI models. Alibaba and BaiduAlibaba and Baidu both buy Nvidia chips but they are also designing their own semiconductors for AI processes. Inference is the process that follows the training of AI models, as it refers to the actual application of AI in the real world, such as a chatbot responding to user queries. Moore ThreadsMoore Threads, founded in 2020, is developing GPUs designed to train large AI models.

Persons: Paul Triolo, Albright Stonebridge, Baidu Alibaba, Wei Sun, Moore, KUAE, ByteDance Organizations: Istock, Getty, Nvidia, CNBC, Huawei Huawei, Huawei, Wall, Alibaba, Baidu, Counterpoint Research, Biren, Technologies, China Morning, Cambricon Technologies, U.S, Sequoia, GGV Locations: China, U.S, Beijing, Washington, Shenzhen, Biren's

☆ China is telling Gen Zers to beware of online dating and rock music because they might be traps by spies or the West
▼ + stars: | 2024-09-05 | by ( Matthew Loh | ) www.businessinsider.com time to read: +3 min

Read previewOfficials in China have been telling young people that spies or foreign powers could be out to trick them through casual activities such as online dating and listening to pop music. National authorities raised these red flags at least twice recently, amid a wider push from China's leader, Xi Jinping, to bolster Chinese national security by getting citizens to be more proactive. The South China Morning Post reported that a new foundational textbook for college students warned them about pop culture and rock 'n' roll as oft-used tools for foreign subversion. AdvertisementThe Ministry of State Security has meanwhile cautioned young people to beware of part-time job offers and online dating prospects that might be "secret-stealing traps" laid by foreign spies. The idea here is that the spies target students in scientific research fields to trick them into disclosing sensitive information or sending photos of classified sites.

Persons: —, Xi Jinping Organizations: Service, Business, China Morning Post, Ministry of Education, of State Security, Ministry of State Security Locations: China, Beijing

☆ Chinese scientists say they've found a way to make hypersonic missiles skip in the sky to strike deeper. US experts aren't convinced it'll be effective.
▼ + stars: | 2024-08-14 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewA team of scientists in China believe they've found a way to make hypersonic missiles more potent — by extending their range via "skipping" on the atmosphere. Skip-gliding missiles may also be harder to track and intercept, she added. Kavanagh noted that a future skip-gliding missile would likely still be detectable from hundreds of miles away. AdvertisementKearn believes the issue is being overblown since China has the ability to launch nuclear strikes regardless of its hypersonic missiles. AdvertisementTheir next step, they said, would be to research how easily a skip-gliding missile can maneuver and navigate laterally.

Persons: —, they've, Yong Enmi, Washington, Jennifer Kavanagh, Kavanagh, David Kearn, Biden, Kearn Organizations: Service, China Aerodynamics Research, Development Center, Business, Astronautics, China Morning Post, US, Defense, People's, Army, PLA, Government, St, John's University Locations: China, Hong Kong, Nazi Germany, Beijing, Washington, Hawaii, United States

Tim Walz, casting Vice President Kamala Harris’ new running mate as an agent of the far left. A top Trump adviser added: “Hamas Harris bent the knee to antisemitic, anti-Israel radicals on the left by leapfrogging Shapiro. “She outsmarted herself,” said Matt Gorman, a longtime Republican operative and veteran of presidential campaigns who is not working for the Trump campaign. “Many, many people said repeatedly that the reason Kamala Harris was going away from the Josh Shapiro selection is because they were worried about antisemitism. “To her credit, Kamala Harris put policy over politics by picking a radical liberal,” Taylor Budowich, the CEO for the Trump-aligned MAGA Inc. super PAC, said.

Persons: Donald Trump, Tim Walz, Kamala Harris ’, Walz, Trump, ” Dave McCormick, Harris, ”, Josh Shapiro, Joe Biden, Shapiro, Sen, JD Vance, Kamala, leapfrogging Shapiro, outsmarted, Matt Gorman, Zack Roday, ” Roday, ” Vance, Vance, Kamala Harris, “, Kamala Harris —, ” Harris —, Doug Emhoff, —, ” Harris, he’s, It’s, — Walz, ” Trump, Karoline Leavitt, Joe Manchin, Larry Hogan, Trump’s, ” Taylor Budowich, CNN’s Anderson Cooper, ” Walz, Walz’s, George Floyd, Darren Beattie, Mark Kelly of Arizona, Hillary Clinton, Tim Kaine, “ Walz Organizations: Minnesota, NBC News, Trump, Republican Senate, Democrat, Republicans, Pennsylvania, GOP, Social, Republican, San, West Coast, Golden State, Heartland, Democratic Party, ” Former Maryland Gov, Inc, Arizona, Democratic Locations: Pennsylvania, Ohio, China, Israel, San Francisco, Philadelphia, Minnesota, America, Nebraska, West Virginia, Minneapolis, “, Virginia

☆ Chinese scientists claim Star Wars-like laser submarines can blast US satellites
▼ + stars: | 2024-08-03 | by ( Michael Peck | ) www.businessinsider.com time to read: +6 min

Read previewChinese scientists claim that it's possible to destroy satellites — including SpaceX's Starlink system — using lasers mounted on submarines. Chinese researchers envision the solution as flotillas of mass-produced laser subs that could be dispatched to oceans around the world. They would wait for tracking data from other non-submarine platforms to determine when a target satellite is overhead. In addition to destroying satellites, these subs could also blast aircraft or land targets such as radars and oil refineries. Laser subs could also shield China's ballistic missile submarines from detection.

Persons: —, Chris Carlson, Carlson, Michael Peck Organizations: Service, navy's Submarine Academy, Business, China Morning, US Navy, Defense Intelligence Agency, Communications, Defense, Foreign Policy, Rutgers Univ, Twitter, LinkedIn Locations: China, Hong, Russia, Ukraine, Forbes

☆ The real Trump is back. It could cost him the White House.
▼ + stars: | 2024-08-01 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +6 min

National polls showed that Trump was in the best position of any Republican presidential hopeful in more than two decades. Related stories"He did crap the bed today," Republican political strategist Scott Jennings said of Trump on CNN last night. And if the old headline wasn't enough, Trump on Thursday morning posted an old photo of Harris showing her "Indian heritage." There's a reason in the closing days of the 2016 campaign, Trump had to tell himself out loud to "stay" on message. AdvertisementDespite his age, many have hoped that Trump would grow and change, only to learn rather quickly that he will not.

Persons: Donald Trump, Trump, Joe Biden, Mitch McConnell, Ron DeSantis, Nikki Haley, Kamala Harris, Harris, Scott Jennings, Obama wasn't, Dave Weigel, tb1cQdHOGT — Kathryn Watson, Sen, JD Vance, Ohio, John McCain, Corey Lewandowski, Trump's, Brad Parscale, Biden Organizations: Service, Democratic Party, Business, Florida Gov, Republican, Trump, CNN, Nixon Justice Department, Senate, Gold Star, Charlottesville Locations: Florida, North Carolina, Iowa

☆ Dozens of angry Chinese suppliers swarmed Temu's office, saying they're tired of giving Westerners refunds without returns
▼ + stars: | 2024-07-31 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

Read previewHundreds of people thronged the Guangzhou office of the e-commerce platform Temu in rallies this month, protesting fines and refund policies they said are destroying small merchants' profits. About 80 merchants gathered on Monday on the 30th floor of the Guangzhou office building, with some eventually gaining entry to the company premises, Chinese outlet Yicai reported. The China Securities Journal, a Beijing-based outlet run by state agency Xinhua, wrote that merchants had approached the Guangzhou office about 10 times in July over their complaints. On China's social media, anger is mounting toward what is being seen as Western shoppers taking advantage of Chinese merchants. "Foreigners can buy products from Chinese merchants, receive the goods, and not spend any money," wrote one blogger based in Hebei.

Persons: —, Temu Organizations: Service, PDD Holdings, Business, South China Morning, China Securities Journal, Xinhua Locations: Guangzhou, Temu, Beijing, Hebei, China

☆ Bosses in China have been accused of making job applicants take pregnancy tests: report
▼ + stars: | 2024-07-17 | by ( Mikhaila Friel | ) www.businessinsider.com time to read: +4 min

download the appSign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. Read previewSeveral Chinese companies have been accused of introducing a controversial and illegal new step to their recruitment process: Pregnancy tests. "We can speculate from this evidence that the pregnancy tests were required by these companies, and it had violated women's rights to equal work opportunities," the prosecutors said, according to SCMP. As CNN and SCMP reported, Chinese companies can be fined up to 50,000 yuan, or around $6,900, for gender discrimination. It said that after China scrapped its one-child policy several years ago, the majority of women surveyed by various Chinese companies and women's groups said they had been subjected to discrimination.

Persons: —, Prosecutors, SCMP, Chen, Huang Organizations: Service, Prosecutors, CNN, South China Morning, Business, Human Rights Watch Locations: Nantong, Jiangsu, China

☆ See the $10M New Orleans mansion with a grisly past that lured a potential new buyer in less than a day
▼ + stars: | 2024-07-13 | by ( Maria Noyen | ) www.businessinsider.com time to read: +4 min

History, however, is why some say they wouldn't dream of living in one particular house in the heart of New Orleans' French Quarter. Later that day, the Zillow listing said the property, wnown as the LaLaurie Mansion, was already "pending sale," which broker Patrick Knudsen confirmed to Business Insider. Regions Bank scooped up the mansion for $2.3 million at auction before selling it to Whalen a year later. AdvertisementThe property has a dark history of torture and slaveryAs the Journal reported, the home was built to replace the original LaLaurie Mansion, which burned down in 1834. AdvertisementThe original LaLaurie Mansion was ransacked and destroyed when people found out the owner was torturing people inside.

Persons: —, Michael Whalen, Patrick Knudsen, Whalen, Nicolas Cage, Cage, Delphine LaLaurie Organizations: Service, Street, Business, Blum, Regions Bank, British, Post, New, University of New Locations: New Orleans, Houston, University of New Orleans

☆ China gears up for next week's Third Plenum meeting. Here's why real estate isn't likely the main focus
▼ + stars: | 2024-07-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +7 min

Bloomberg | Bloomberg | Getty ImagesBEIJING — China's real estate problems may be massive, but analysts expect the upcoming Third Plenum to focus on other areas — such as high local government debt levels and a push for advanced manufacturing. "For real estate markets, I don't think it should be a focus of the plenum, because it's already [in a] state that everyone has a consensus [on]," Wang said. watch nowIn his view, excessive growth of the financial sector was behind the hollowing out of the U.S. industrial sector. "Consequently we must constrain the financial industry, including real estate. That's the underlying reason for tightened regulations on both real estate and finance."

Persons: Larry Hu, Hu, Xi Jinping, Deng Xiaoping's, Dan Wang, She'll, it's, Wang, hasn't, Yao Yang, Yao, Goldman Sachs Organizations: Chinese Communist Party, Bloomberg, Getty, BEIJING, Communist Party of, Macquarie, CNBC, Central Committee, Communist Party, Party, President, Hang Seng Bank, HSBC, HSBC It's, Committee, China Center for Economic Research, Peking University, U.S, China Morning Post, Financial Regulatory Administration, World Bank, Big Data Locations: Communist Party of China, Beijing, China, United States, Big Data China

☆ A first-time flyer in China opened an emergency exit after mistaking it for the bathroom door, local media reported
▼ + stars: | 2024-07-11 | by ( Pete Syme | ) www.businessinsider.com time to read: +1 min

An Air China flight was canceled after a passenger accidentally opened an emergency exit. Local media reported the first-time flyer confused the exit for a bathroom door, citing officials. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementA passenger opened an emergency exit after mistaking it for the bathroom door, according to Chinese media reports, which cited local officials. Data from Flightradar24 shows last Thursday's Air China flight from Quzhou in eastern China to Chengdu in the western Sichuan region was canceled.

Persons: — Organizations: Air, Service, Air China, Chongqing Morning Post, Quzhou Airport, Business Locations: Air China, Quzhou, Chengdu, China's, China, Sichuan, Chongqing

☆ ‘I’m really proud of our team’: Lewis Hamilton praises England’s Euros resilience ahead of his final British GP with Mercedes
▼ + stars: | 2024-07-05 | by ( Amanda Davies | Aleks Klosok | ) edition.cnn.com time to read: +8 min

CNN —Lewis Hamilton and the England men’s soccer team share a thing or two in common. “I’m really, really proud of our team just with all the difficulties that they’ve experienced, and they’ve faced just time and time again, just continuing to get up and the resilience. Fortunately, though, his home race has proved to be a very happy hunting ground with Hamilton winning a record eight times at the circuit. “I think when we were winning all the time, it was just, ‘Yeah, we’re winning.’ That’s where I think that was. What chance then of a win this season to cap off his 12th and final season at Mercedes?

Persons: CNN — Lewis Hamilton, Hamilton, Niki Lauda, he’d, Michael Schumacher’s, Gareth Southgate, “, Amanda Davies, Antony Dickson, I’m, they’ve, Jude Bellingham, Harry Kane, Phil Foden, John Sibley, “ We’ve, …, ”, don’t, you’re, peerless, George Russell, McLaren’s Lando Norris, Ollie Bearman who’ll, Haas, Bryn Lennon, we’re, We’re, I’ve, Mercedes, ” Hamilton, Clive Rose, Mercedes ’, Red Bull, Ferrari, – Hamilton, Russell, you’ve, everyone’s, ’ That’s, hasn’t Organizations: CNN, England, IWC, Prix, South China Morning, Lions, Real, Premier League, Southgate, Bellingham, Slovakia, Ferrari, US, Sao Paulo, Silver Arrows, Brit, Mercedes, Silverstone, Austrian, Constructors, Hamilton Locations: Melbourne, England, Germany, IWC Schaffhausen, British, Macau, South, European, Slovakia, Hamilton, Austin, Silverstone, Sao, Montreal, Spain, Austrian, Jeddah, Saudi Arabia, Abu Dhabi

☆ It took a messy school bus stabbing for China to finally do something about extreme nationalism on social media
▼ + stars: | 2024-07-03 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

Read previewIt's no secret that people on Chinese social media dislike Japan. A whirlwind of emotion and debate ensued on social media. As the two narratives intertwined, Chinese social media companies intervened in lockstep. AdvertisementThough China's social media is heavily moderated, anti-Japanese rhetoric has been one of several popular nationalistic sentiments allowed to flourish in recent years. But social media firms in the country react sensitively to what the state deems acceptable, often simultaneously issuing announcements about undesirable posts.

Persons: —, stoked, Hu Youping, Zhou, he'd, Hu, Douyin, Nancy Pelosi's, Lifeng Organizations: Service, Business, Tech, Facebook, Twitter, China Morning Post Locations: Japan, Nanking, Suzhou, lockstep, Japanese, Weibo, Taiwan, China, Tokyo, China's Jiangsu

☆ Former Outback Steakhouse employees share the best things to order — plus what to skip
▼ + stars: | 2024-07-02 | by ( Pascale Mondesir | ) www.businessinsider.com time to read: +7 min

"I don't think I ever had a customer send one back for being too tough, too marbled, or being unsatisfied with it," she told BI. Related stories"I've never had another salad like it — it's sweet, salty, and amazing," Lee told BI. "The best dessert to order from the menu was Thunder and Lightning because it featured chocolate, strawberries, and more chocolate," she told BI. "Most of the customers ordered these three to five times during a shift," he told BI. AdvertisementShe told BI that most of the time, people sent it back to the kitchen.

Persons: —, Eric Bush, Michaela Mutell, Audria Lee, Irene Jiang, Mutell, Lee, Montell, I've, Bush, Oliver Tsang, fryer, Sydney Shrooms, Lee wasn't Organizations: Service, Business, Down, South China Morning, Getty, Sydney, Outback, Toowoomba Locations: American, Texas, New York, South

☆ 'Biden stumbles, Trump lies': How the global media reacted to the presidential debate
▼ + stars: | 2024-06-28 | by ( Sophie Kiderlin | In | ) www.cnbc.com time to read: +3 min

Members of the media work during the first presidential debate with US President Joe Biden and former US President Donald Trump in Atlanta, Georgia, US, on Thursday, June 27, 2024. U.K.: 'Biden struggles ... Trump lies'In the U.K., the Guardian pointed to issues with both Biden and Trump at the debate, headlining its story: "Biden struggles to land lines as Trump lies in first presidential debate." Meanwhile, the BBC suggested Biden struggled with Trump's attacks, titling its live blog of the debate: "Biden stumbles in first presidential debate as Trump avoids key questions." Biden struggled repeatedly and Trump repeated falsehoods, it said, adding that the debate was "marked by personal attacks." In another story, the newspaper summarized the debate: "Biden disgraces himself, Trump wastes his chance, but the true losers of the first TV debate in the U.S. election campaigns are the Americans."

Persons: Joe Biden, Donald Trump, Eva Marie Uzcategui, China's CGTN, Biden, hesitantly, Trump, Joe Biden's, stammered, Trump's, Biden's, Biden disgraces Organizations: Bloomberg, Getty, China Global Television Network, China Morning Post, Global Times, Biden, BBC, ZDF, CNBC, Trump Locations: Atlanta , Georgia, China, India, Trump, London, Germany, U.S, France

☆ Unmarried Chinese women have found yet another way to get over the stigma of being single: Flee to the West and get another degree
▼ + stars: | 2024-06-24 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +6 min

Read previewSome single Chinese women — fatigued from the social stigma of being unmarried and childless — are opting to run away altogether. These women — mostly millennials in their mid to late 30s — are taking to the Chinese social media platform Xiaohongshu to talk about their great escape to the West. These women, per their accounts, are enrolled in higher education in countries like France, the UK, and the US. In these diary-style posts, the women talk about how higher education in the West has been their ticket to freedom. AdvertisementLeftover womenThere are several push factors that may be motivating more Chinese millennial women to seek greener pastures abroad.

Persons: —, who've, Claudia Ke, Ke, Susu, she'd, childrearing, Emily Huang, BI's Kevin Tan Organizations: Service, US, Business, China, Burgundy School of Business, University of Cambridge, China Centre for Economic Research, National Bureau of Statistics Locations: France, China, Shanghai, Europe, Cambridge, England, Peking

☆ Awkward Chinese youths are paying AI love coaches $7 weekly to learn how to talk on dates
▼ + stars: | 2024-06-20 | by ( Aditi Bharade | ) www.businessinsider.com time to read: +4 min

Read previewSocially awkward and chronically single Chinese youth are turning to AI-powered love coaches to boost their dating game, according to a new report from the South China Morning Post. Unsure of what to say during dates or how to flirt, some youths are using AI applications like "RIZZ.AI" and "Hong Hong Simulator" to learn how to talk to potential love interests, the SCMP reported, citing posts on the app seen on Chinese social media. A 2023 survey by the China Youth Daily Social Survey Center found that young people in China report lacking social skills and having trouble breaking out of their comfort zones and making friends. AdvertisementWith the RIZZ.AI app, nervous youth can interact with fictional characters in scenario settings they must navigate. Screenshot/RIZZ.AIA more China-tailored app, Hong Hong Simulator, teaches users how to coax angry partners, per the SCMP.

Persons: —, Maddie, Kristen, ChatGPT, DAN, Lisa Organizations: Service, South China Morning, Hong, Business, China Youth Daily Social Survey Center Locations: China

☆ Shein's CEO is so low-profile his employees don't even recognize him: report
▼ + stars: | 2024-06-18 | by ( Meghan Morris | ) www.businessinsider.com time to read: +4 min

Read previewFast-fashion giant Shein is gearing up for its widely-anticipated debut as a public company. But one key figure has stayed out of the spotlight: CEO Xu Yangtian, also known as Sky Xu. Even Xu's own employees don't recognize him in the office, the South China Morning Post reported on Monday. As a public company CEO, he'll be expected to participate in regular updates — UK companies are not required to have quarterly earnings calls, but most do — and interact with investors. Loyalty to China under scrutinySo far, Shein's public face has been executive chairman Donald Tang.

Persons: —, Xu Yangtian, Xu, Chris Xu, Shein, Frances Townsend, Townsend, he'll, Jack Ma, Donald Tang, Bear Stearns, Tang Organizations: Service, TikTok, Business, China Morning Post, Wall, Bloomberg, Shein's, Street, Shein, Milken, Pacific, Financial Locations: Guangzhou, London, China, Shanghai, Beijing

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