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☆ Climate Action 15: 2024's Leading Innovators for a Sustainable Future
▼ + stars: | 2024-11-11 | by ( ) www.businessinsider.com time to read: +40 min

Editor's note: Business Insider's reporters and editors nominated leaders based on insights from past Climate Action honorees, expert sources, and reader submissions. Courtesy of Jayson RicamaraSaudi Arabia, with its hot desert climate and little fresh water, is one of the most difficult farming environments. AdvertisementIyris in October also launched a sustainable-farming pilot in Saudi Arabia with chemical and plastic manufacturers as well as companies including Red Sea Global, a luxury tourism developer. A UN climate panel estimated that harnessing wave energy could supply 20% more electricity than the world produced in 2022. The US is trying to shore up its own mining and manufacturing base to curb China's power, including in battery recycling.

Persons: Derya Baran, Iyris Derya Baran, Jayson Ricamara, Baran, SecondSky, who's, Inna Braverman, Braverman, David Leb, Charles Callaway, Environmental Justice Charles Callaway ., Callaway, Clara, Gretchen Cara Daily, Stanford University Gretchen Cara Daily, Daily, NatCap, Juan Carlos Navarro, Panama Juan Carlos Navarro, Panama Navarro, José Raúl, Haiti —, Navarro, del, Reinhold Gallmetzer, Reinhold, Gallmetzer, Brazil's JBS, packer, Diane Gilpin, Smart Green Shipping Diane Gilpin, Gilpin, Drax, Roberta Tuurraq Glenn, Borade, Savok Glenn, Glenn, Cynthia Houniuhi, Houniuhi, it's, Arvind Kumar, Prasad, Rice, Kumar, Ari Matusiak, Gazur, Matusiak, —, Duncan McIntyre, McIntyre, Altenex, Ozane, Biden, It's, Delta, Liz Ricketts, Charlie Engman Ricketts, Ricketts, Ricketts didn't, Chao Yan, Princeton NuEnergy Chao Yan, Yan Organizations: Iyris, United Arab, King Abdullah University of Science, Technology, Red, Eco, UN, Eco Wave Power, Shell, Environmental Justice, Proctor Academy For Callaway, Metropolitan Transportation Authority, Green Institute, Callaway, Natural, Stanford University, Stanford, Facility, Ministry, Environment, Panama's, UNESCO, US State Department, National Association for, Nature, Center, for, Carrefour, Nestlé, Smart Green Shipping, Scottish Enterprise, International Windship Association, Maritime Organization, Union, Alaska Arctic Observatory, National Weather Service, AAOKH, University of Alaska, Pacific Islands, University of, International Court of Justice, United Nations, Prasad Seeds, Labor, Prasad, International Rice Research Institute, Rewiring, Reduction, Communities, Highland Electric, Schools, Highland, Beverly Public Schools, Fortune, Edison International, Louisiana, US Department of Energy, Ozane, White, LNG, Vessel Project, Biden, Department of Energy, Kantamanto, London . Brands, McKinsey, Princeton, New Jersey Institute of Technology, Princeton University, Princeton NuEnergy, Energy, Laboratory, EV Locations: Jayson Ricamara Saudi Arabia, Saudi Arabia, United Arab Emirates, Egypt, Spain, Ukraine, Cherkassy, Israel, Gibraltar, Port of Los Angeles, Porto, Portugal, West Harlem, New York City, Clara Hale, Costa Rica, Belize, China, NatCap, Stanford, Panama, Colombia, Venezuela, Haiti, Panama City, Brazil, Peru, Brazilian, , Norway's, Barrow, Furness, Alaska, University of Alaska Fairbanks, Utqiaġvik, Fanalei, Solomon Islands, Fiji, Vanuatu, Tonga, Asia, Saharan Africa, India, Philippines, Nepal, Bangladesh, Africa, Hyderabad, South, Southeastern Asia, Subhanpur, Rewiring America, Massachusetts —, Sulphur , Louisiana, Calcasieu, Vessel Project Louisiana, Accra, Ghana, New York, London, Kantamanto, Taiyuan, China's Shanxi, Argonne, South Carolina

☆ A Chinese firm's answer to Elon Musk's Starlink just launched its first satellites for the thousands-strong network Beijing plans to build
▼ + stars: | 2024-08-06 | by ( Matthew Loh | ) www.businessinsider.com time to read: +1 min

A Chinese company just kicked off its planned 15,000-strong satellite network to rival Starlink. The Thousand Sails Constellation, run by a Shanghai firm, plans to reach that final tally by 2030. 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 . AdvertisementA Chinese state-backed company has launched its first 18 satellites in its bid to build a vast orbital network aimed at rivaling Starlink, according to local media.

Persons: Starlink, — Organizations: Sails, Service, Shanghai Spacecom Satellite Technology, China Securities Journal, Xinhua, Business Locations: Shanghai, Starlink, Taiyuan, Shanxi province

☆ China launches its rival to Elon Musk's Starlink internet satellites
▼ + stars: | 2024-08-06 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +1 min

The Chang'e 6 lunar probe and the Long March-5 Y8 carrier rocket combination sit atop the launch pad at the Wenchang Space Launch Site in Hainan province, China May 3, 2024. China on Tuesday launched its first batch of internet satellites that will form part of a constellation it hopes will rival SpaceX's Starlink. Known as "Thousand Sails," the constellation is a low-Earth orbit set of more than 15,000 satellites that China has said will create global internet coverage. A Long March 6A carrier rocket took off from the Taiyuan launch center in the northern Shanxi province of China to deliver the initial 18 satellites into space, according to the Chinese Academy of Sciences, which called the mission a complete success. By 2025, China is aiming to deploy 648 satellites in the first phase of the constellation's buildout, in order to create an internet network with global coverage, according to state media CCTV.

Persons: SpaceX's Starlink Organizations: Tuesday, Chinese Academy of Sciences Locations: Hainan province, China, Taiyuan, Shanxi

Typhoon Gaemi is expected to strengthen into a super typhoon before making landfall on Taiwan’s northeastern coast Wednesday evening. Heavy rain hit Taiwan ahead of the storm’s landfall on Wednesday, with the island’s mountainous areas already reporting rainfall approaching 200 millimeters (8 inches). Typhoon Gaemi is strengthening in Pacific waters that have been at their warmest temperatures on record. Images show roads and streets in Manila flooded by rains brought by Typhoon Gaemi, as people wade through knee-deep water. Torrential rainfall hit southern, central and eastern parts of the country and led to major emergency response efforts in a flood season that has started some two months ahead of its typical schedule.

Persons: Gaemi, Han, Sun Li, fiang, Typhoon Gaemi, Ferdinand Marcos Jr, – Organizations: Taiwan CNN, Typhoon Warning, Central Meteorological Agency, CMA, Taiwan Railways, China Airlines, Starlux Airlines, Philippine Stock Exchange, Taiwan Locations: Taipei, Taiwan, Fujian, Hualien county, chipmaking, Hsinchu, Kaohsiung, China, Hualien ., Philippines, Manila, Luzon, Philippine, Zhejiang, Jiangxi, Henan, Shanxi, Hebei

CNN —At least 12 people have died and 31 others are missing after a bridge partially collapsed in China’s northern province of Shanxi, according to Chinese state broadcaster CCTV. Authorities said a portion of the bridge in Zhashui County in the city of Shangluo collapsed on Friday evening after recent rains and flash flooding. As of 12 p.m. local time (12 a.m. ET) Saturday, search and rescue operations were ongoing after 17 cars and 8 trucks fell into the river, state media reported. Parts of China have been grappling with devastating floods, just weeks after scarce rainfall and sweltering temperatures created drought conditions.

Persons: Xi Jinping Organizations: CNN, CCTV, Authorities, Reuters Locations: China’s, Shanxi, Zhashui County, Shangluo, China, Henan, Sichuan, Hanyuan County

☆ China gripped by record heat, heavy rain, raising food security concerns in country
▼ + stars: | 2024-06-14 | by ( Edward Szekeres | Robert Shackelford | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —China is grappling with extreme weather as severe drought and record temperatures scorch the north while heavy rains inundate the south, raising concerns about food security in the world’s second-largest economy. Areas of the country that produce a lot of rice and wheat have been badly affected, disrupting spring and summer planting seasons. The China Meteorological Administration (CMA) said on Wednesday that 28 regional weather stations broke their respective records for the highest temperature ever recorded in mid June. Meanwhile, southern parts of the country, the top rice growing region, have been grappling with weeks of downpours. These rains appear to be related to a seasonal monsoon pattern that can lead to intense showers over short periods.

Persons: Yang Wentao Organizations: Hong Kong CNN, Agriculture, CCTV, China Meteorological Administration, National Climate Center, Ministry of Agriculture, CMA, Flood, Drought Locations: China, Hong Kong, Henan, Shandong, Fenyang, Shanxi, Zhejiang, Fujian, Jiangxi, Hunan, Guangxi, Guizhou, —

☆ How Safe Are Driverless Cars in China? I Rode in Some to See.
▼ + stars: | 2024-06-13 | by ( Keith Bradsher | ) www.nytimes.com time to read: +1 min

Images of the burned vehicle flew through the Chinese internet: An Aito M7 Plus electric sport utility vehicle, operated by an advanced assisted driving system, had crashed on a highway in Shanxi Province on April 26. A woman who said her husband, brother and son had been killed posted videos online and pleaded for an investigation. All of her postings soon vanished, and she said she would not discuss it further. A Chinese business news outlet published a lengthy online investigation that questioned the safety of assisted driving systems. Then they posted a statement from Aito Car, a Chinese brand, that disavowed responsibility.

Locations: Shanxi Province, State

☆ A popular tourist destination in China has installed toilet timers. Reactions are mixed
▼ + stars: | 2024-06-12 | by ( Maggie Wong | ) edition.cnn.com time to read: +3 min

CNN —Boasting 51,000 statues carved into 252 caves and niches some 1,500 years ago, China’s Yungang Buddhist Grottoes is irrefutably a spectacular attraction. And we aren’t setting a time limit such as five or 10 minutes of how long one could use the toilets.”China’s Yungang Buddhist Grottoes features 51,000 statues carved into 252 caves and niches. “A tourist site isn’t an office – who would spend their time in the toilets? Record-breaking visitor numbersInscribed as a UNESCO World Heritage Site in 2001, Yungang Buddhist Grottoes is one of the biggest attractions in northern China’s Shanxi province. And Yungang Buddhist Grottoes has been upgrading more than just its washrooms.

Persons: China’s, “, ” Organizations: CNN, UNESCO, Herald, Getty, Nanchang Evening, Weibo, Heritage Locations: Nanchang, China’s Shanxi

☆ Huawei SUV crash kills three in China's Shanxi province, says state media
▼ + stars: | 2024-04-29 | by ( ) www.cnbc.com time to read: +1 min

AITO Automobile, a Huawei-backed new energy vehicle brand, is investigating the incident in collaboration with the local traffic police department, the company said in a statement released on its WeChat and Weibo public social media accounts on Sunday. Three people, including a two-year old boy, died after a Huawei-backed Aito M7 SUV burst into flames following a crash with a truck on a highway in the Chinese city of Yuncheng in the northern province of Shanxi, state media said. Aito Automobile, a Huawei-backed new energy vehicle brand, is investigating the accident along with traffic police, the company said on its WeChat and Weibo public social media accounts on Sunday. Video on social media showed bystanders trying to break the window and door of the SUV as it was lodged under the truck with the front of the vehicle engulfed in flames. The Aito M7, made by Huawei in partnership with Seres Group , was launched in 2022, with Huawei providing technology for the vehicle and help with marketing.

Persons: Aito Organizations: AITO, Huawei, Aito, Seres Group Locations: Yuncheng, Shanxi

☆ Three Is Best: How China’s Family Planning Propaganda Has Changed
▼ + stars: | 2024-03-09 | by ( Isabelle Qian | Pablo Robles | ) www.nytimes.com time to read: +7 min

One Three Is Best: How China’s Family Planning Propaganda Has ChangedFor decades, China harshly restricted the number of children couples could have, arguing that everyone would be better off with fewer mouths to feed. The government’s one-child policy was woven into the fabric of everyday life, through slogans on street banners and in popular culture and public art. Between 1980 and 2015, the year the one-child policy officially ended, the Chinese government used extensive propaganda to warn that having more babies would hinder China’s modernization. Then Now One child is best, the government aids in elder care. The pivot has prompted local officials to remove visible remnants of the one-child policy.

Persons: “, It’s, Critics, Marie Mathelin, Roger Viollet, Xilingjing Xiang Organizations: National Bureau of Statistics, China Central Television, Getty Images Locations: Wuhan, China, People’s Republic of China, Bengbu, Anhui, Shanxi Province, Xilingjing

China has decommissioned 70.45 gigawatts (GW) of coal-fired plants in the last decade, and is building far more renewable energy capacity than any other country. Coal power makes up about 70% of emissions in China, which has committed to being carbon neutral by 2060. After 2025, it is unclear whether China will approve new coal plants. But like many cities in China's coal country, coal revenues and jobs are an incentive to keep building. Several workers in Yulin expressed little doubt about whether new coal plants make economic and environmental sense.

Persons: Li, Gao Yuhe, Xu Mingjun, China's, Xie Zhenhua, Yuheng, Duan, Colleen Howe, Ella Cao, David Stanway, Tony Munroe, Gerry Doyle Organizations: Reuters, Greenpeace, Shenhua Energy, Global Energy Monitor, Development and Research Center, Shaanxi Yulin Energy, Shaanxi Daily, Thomson Locations: YULIN, China, Yulin, Yangquan, Shanxi, Dubai, Ukraine, Canada, Shaanxi, China's, Beijing, Singapore

The capacity payments will be calculated based on fixed costs of 330 yuan ($45.25) per kilowatt per year for coal plants. Analysts said the move was important to ensure the financial viability of seldom-utilised, backup coal power, which is used for demand peaks or when renewable power generation is insufficient. However, observers also cautioned that the policy could risk entrenching inefficient coal power in China's energy system, despite its rapid expansion of renewable power generation capacity. "Capacity-based electricity pricing for coal power will further incentivise state-owned enterprises in China to build new coal power projects in the short term. Capacity payments should be for all power producers, not only for coal power," said Zhang Kai, deputy program director for Greenpeace East Asia in Beijing.

Persons: David Fishman, Xuewan Chen, Group's Fishman, Zhang Kai, Colleen Howe, Andrew Hayley, Edmund Klamann, Muralikumar Anantharaman, Kim Coghill Organizations: National Development, Reform Commission, Reuters, Analysts, Lantau, LSEG, Jinneng Holding, Power Co, Centre for Research, Energy, Clean, Greenpeace East, Thomson Locations: BEIJING, China, Shanghai, Beijing, Shanxi, Jiangxi Ganneng, Hunan, Greenpeace East Asia

☆ China to accelerate issuance of government bonds, finance minister says
▼ + stars: | 2023-11-05 | by ( ) www.reuters.com time to read: +2 min

A woman walks in the Central Business District (CBD) on a hazy morning in Beijing, China, October 25, 2021. REUTERS/Thomas Peter/File Photo Acquire Licensing RightsBEIJING, China, Nov 5 (Reuters) - China will accelerate the issuance and use of government bonds, state-run news agency Xinhua reported on Sunday citing an interview with new finance minister Lan Foan. "The Ministry of Finance will continue to implement a proactive fiscal policy, focus on improving efficiency, and better play the effectiveness of fiscal policy," said Lan, who also noted the "complex domestic and international situation". Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, he said. The top parliamentary body last month approved the issuance of 1 trillion yuan ($137 billion) in sovereign bonds in the fourth quarter to fund rebuilding of areas affected by floods, state media reported.

Persons: Thomas Peter, Lan Foan, Lan, Liu Kun, Martin Quin Pollard, Wang Shuyan, William Mallard, Christopher Cushing Organizations: Central Business, REUTERS, Rights, Xinhua, Ministry, Finance, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanxi

☆ Tang Dengjie Appointed Communist Party Secretary of China's Shanxi Province
▼ + stars: | 2023-10-27 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

A man stands under the Chinese Communist Party emblem at the end of the closing ceremony of the 20th National Congress of the Communist Party of China, at the Great Hall of the People in Beijing, China October 22, 2022. REUTERS/Tingshu Wang Reuters

Persons: Tingshu Wang Organizations: Chinese Communist Party, National Congress, Communist Party of China, of, People, REUTERS Locations: Beijing, China

☆ Investing in Space: How the Pentagon sizes up China’s military strength in space
▼ + stars: | 2023-10-26 | by ( Michael Sheetz | In Michaeljsheetz | ) www.cnbc.com time to read: +4 min

CNBC's Investing in Space newsletter offers a view into the business of space exploration and privatization, delivered straight to your inbox. Coming in at a whopping 212 pages, the document represents the latest in-depth, albeit unclassified, view of China's military ambitions. The Pentagon highlighted that the space capabilities of the Chinese military, or PLA, are continuing to "mature rapidly" thanks to "significant economic and political resources to growing all aspects of its space program." China's PLA has a "Strategic Support Force," or SSF, under which is the "Space Systems Department", or SSD, that leads its military space operations. The Pentagon emphasized that most of those Chinese satellites can "support monitoring, tracking, and targeting of U.S. and allied forces worldwide, especially throughout the Indo-Pacific region."

Persons: CNBC's Michael Sheetz, landers, it's, Richard DalBello, China isn't Organizations: Taiyuan Satellite, CNBC's, Pentagon, PLA, Force, Systems Department, U.S, China, GPS, NASA Locations: Taiyuan, Shanxi Province, United States, Xi's, China, Namibia, Pakistan, Argentina, Kenya, U.S, Baku

☆ China names Lan Foan as new finance minister amid stimulus push
▼ + stars: | 2023-10-24 | by ( ) www.reuters.com time to read: +2 min

BEIJING, Oct 24 (Reuters) - China has appointed Lan Foan, a technocrat with little central government experience, as the new finance minister, state media said on Tuesday, as the government ramps up fiscal stimulus in a bid to revive the economy. Lan, 61, who was named the Communist Party chief at the finance ministry last month, has succeeded Liu Kun who had been finance minister since 2018. Previously, Lan was the party chief of the northern Chinese Shanxi province. He transferred to Shanxi in 2021, as the province's vice party chief, before becoming the party chief in December 2022. Liu, China's finance minister since 2018, has surpassed the official retirement age of 65 for minister-level officials.

Persons: Lan Foan, Liu Kun, Lan, Liu, Kevin Yao, Alison Williams Organizations: Communist Party, Hubei University of Finance, Economics, Thomson Locations: BEIJING, China, Shanxi, Beijing, Guangdong

☆ Coal industry faces 1 million job losses from global energy transition - research
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

Dorothy Mei, project manager for GEM's Global Coal Mine Tracker, said governments needed to make plans to ensure workers do not suffer from the energy transition. GEM looked at 4,300 active and proposed coal mine projects around the world covering a total workforce of nearly 2.7 million. China's coal industry, the world's biggest, currently employs more than 1.5 million people, GEM estimated. Of the 1 million job global job losses expected by 2050, more than 240,000 will be in the province of Shanxi alone. "The coal industry, on the whole, has a notoriously bad reputation for its treatment of workers," said Ryan Driskell Tate, GEM's program director for coal.

Persons: Dorothy Mei, Ryan Driskell Tate, GEM's, David Stanway, Sonali Paul Organizations: REUTERS, Rights, Global Energy Monitor, GEM's, GEM, Thomson Locations: Hebei province, China, Rights SINGAPORE, India, U.S, Shanxi

☆ 5 ways China's trying to get people to have more babies — from cash incentives to cracking down on the 'bride price'
▼ + stars: | 2023-10-05 | by ( Huileng Tan | ) www.businessinsider.com time to read: +6 min

In 2022, China's population started shrinking for the first time in six decades. The push for marriage and babies comes after China last year saw a record low of 6.83 million marriages registered. Here's how China has tried to get its people to have more babies over the past two years. Wenzhou, a city in southeast China, is offering would-be parents up to 3,000 yuan in subsidies per child. In August, a county in eastern China started offering couples 1,000 yuan in cash if the bride was 25 years old or younger, according to a post on its official WeChat account.

Persons: —, Trip.com Organizations: Service, United Nations, Technology, QiaoYin City Management, China Women's Federation, Authorities, Bloomberg Locations: China, Hangzhou, East China, Wenzhou, Shanghai, Shanxi, Beijing, Zhejiang, Provinces, skewing, Jiangxi, Hebei —, Sichuan, Western China

☆ ADB approves $300 million loan to fund greening of Chinese coal city
▼ + stars: | 2023-09-30 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Sept 30 (Reuters) - The Asian Development Bank (ADB) said on Saturday it had approved a $300 million loan to an industrial city in a major Chinese coal-producing province to help "catalyse green" transformation of the city of 3 million people. The loan for Changzhi in the northern province of Shanxi will help fund a $665 million project, partly financed by the Chinese government, to reduce poverty, cut carbon emissions and improve urban liveability in a city that has long depended on coal, the ADB said. "Knowledge gained from the project will serve as a model for replication in other heavy-industry regions," ADB Principal Urban Development Specialist Stefan Rau said in a statement. As part of the project, Changzhi will build treated wastewater reuse facilities, put electric buses on roads and create bicycle-paths made from construction waste. Reporting by Ryan Woo; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Stefan Rau, Ryan Woo, William Mallard Organizations: Asian Development Bank, Changzhi, ADB, Urban, Thomson Locations: BEIJING, Shanxi, Manila

☆ China appoints Lan Foan as new finance ministry party chief
▼ + stars: | 2023-09-28 | by ( ) www.reuters.com time to read: 1 min

The sign of China's Ministry of Finance is pictured in Beijing, China August 23, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsBEIJING, Sept 28 (Reuters) - China's Communist Party has appointed Lan Foan as the new finance ministry party chief, the ministry said in a statement on Thursday. Lan will replace Liu Kun as the party chief of the finance ministry, the statement said. Lan, 61, was previously the party chief of the northern Chinese Shanxi province. Reporting by Albee Zhang and Ella Cao and Beijing newsroom; Editing by Himani SarkarOur Standards: The Thomson Reuters Trust Principles.

Persons: Jason Lee, Lan Foan, Lan, Liu Kun, Liu, Albee Zhang, Ella Cao, Himani Sarkar Organizations: China's Ministry of Finance, REUTERS, Rights, China's Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanxi

☆ Wall, what wall? Two detained after leveling part of China's Great Wall
▼ + stars: | 2023-09-07 | by ( Monica Pitrelli | Lisa Lucas | ) www.cnbc.com time to read: 1 min

It may have seemed like a good idea at the time. In an apparent attempt to create a shortcut, two people allegedly used heavy machinery to remove a sizeable section of the Great Wall of China in Shanxi province, according to an online notice by local authorities. The duo used an excavator to widen a pre-existing gap so that their heavy machinery could pass through it, according to the notice issued by Youyu County security officials. The pair — a 38-year-old man named Zheng and a 55-year-old woman named Wang — removed the wall "to shorten a journey," according to a CNBC translation of the notice published on Aug. 31. The suspects are both from Inner Mongolia.

Persons: Zheng, Wang — Organizations: CNBC Locations: China, Shanxi, Youyu, Inner Mongolia

☆ Two people have been accused of using an excavator to destroy part of the Great Wall of China to create a shortcut
▼ + stars: | 2023-09-05 | by ( Alex Bitter | ) www.businessinsider.com time to read: +2 min

Two people have been accused of destroying part of the Great Wall of China with an excavator. The pair reportedly wanted to create a path cutting through the Ming-dynasty portion of the wall as a shortcut, according to CNN. The damage has affected the structural integrity of that portion of the Great Wall, and it was "beyond repair," state-owned newspaper China Daily reported. AdvertisementAdvertisementThe earliest segments of the Great Wall, which stretches for over 4,000 miles across China, were first created in the third century BC. The damage to the Great Wall is this summer's latest example of a world-historical landmark facing purposeful damage.

Persons: Vespasian Organizations: CNN, Service, China . Police, China Daily, UNESCO, Smithsonian Magazine Locations: China, Wall, Silicon, Shanxi, Northeastern China

☆ The Great Wall of China: Two people detained for allegedly damaging cultural relic with excavator
▼ + stars: | 2023-09-04 | by ( Mengchen Zhang | ) edition.cnn.com time to read: +1 min

CNN —Two people have been detained in China after allegedly damaging a section of the Great Wall in the northern Shanxi province with an excavator, according to state broadcaster CCTV. Authorities in Youyu County said they received a report on August 24 that a gap in the wall was created in Yangqianhe Township, CCTV reported. Police said the investigation was ongoing. The area, known as the 32nd Great Wall, is one of the surviving complete walls and watch towers dated back to the Ming dynasty (1368-1644) and is listed as a provincial cultural relic site. The Great Wall was designated a UNESCO World Heritage Site in 1987.

Organizations: CNN, CCTV, Police, UNESCO, Heritage Locations: China, Shanxi, Youyu County, Yangqianhe Township

Terry Gou, Foxconn founder announces his bid for the Taiwan presidency during a press event in Taipei, Taiwan August 28, 2023. Before he announced his bid to run as an independent on Monday, Gou had sought the KMT ticket for the presidency but failed. But his direct language, along with his business acumen, has drawn crowds in pseudo-campaign events across Taiwan that Gou held in the run-up to his announcement. He showed me how to use the touch screen on the spot," Gou said in 2011 about his relationship with Jobs. Gou told Trump he wanted to be a peacemaker between Taiwan, China and the U.S. as Taiwan's president.

Persons: Terry Gou, Ann Wang, Taiwan's Terry Gou, Democratic Progressive Party's, Gou, Sung Wen, APPLE Gou, Foxconn, Steve Jobs, Jobs, reverentially, Xi Jinping, Donald Trump, Trump, Ben Blanchard, Yimou Lee, Sarah Wu, Raju Gopalakrishnan Organizations: REUTERS, Rights, Apple Inc, Foxconn, Democratic Progressive, DPP, Kuomintang, KMT, Taiwan People's Party, National University's Taiwan Studies, APPLE, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Apple, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taiwan, Taipei, Rights TAIPEI, China, Beijing, Shanxi, Guangdong, People's Republic of China

☆ Shares of China's food delivery leader Meituan fall more than 5% on weaker Q3 outlook
▼ + stars: | 2023-08-25 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

Revenue was 67.96 billion Chinese yuan ($9.33 billion), up 33.4% from 50.93 billion yuan posted in the same period a year ago. The firm also swung to profit of 4.69 billion Chinese yuan for the second quarter, compared to a loss of 1.11 billion Chinese yuan a year ago. Many merchants had to suspend their business, while consumers chose to stock packaged food instead of ordering fresh food delivery. Meituan leads China's food delivery market, holding almost 70% of the market share in the mainland, according to a 2022 report on Meituan. Besides food delivery, the tech firm also operates various services including ride-hailing, on-demand delivery, hotel and travel booking, movie ticketing, entertainment and lifestyle services.

Persons: Yan Cong, Wang Xing, Wang, Meituan, Doksuri, Xiaolin Chen, Chen, CNBC's, Pony.ai Organizations: Bloomberg, Getty, Revenue, Consumers, Hong, HK, Fitch Locations: Beijing, China, Yan, Hong Kong, Tianjin, Hebei, Shanxi, Henan, KraneShares

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