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During her first day of meetings in Beijing, Treasury Secretary Janet L. Yellen criticized punitive measures the Chinese government has taken against American firms. I’ve made clear that the United States does not seek a wholesale separation of our economies. Ms. Yellen conveyed her objections to China’s top officials, including Premier Li Qiang, in what was the first visit to China by a Treasury secretary in four years. A Treasury Department official said Ms. Yellen had discussed the outlook for the economy in an informal discussion with her former counterparts that lasted more than an hour. “The United States will, in certain circumstances, need to pursue targeted actions to protect its national security,” Ms. Yellen said.

Persons: Janet L, Yellen, I’ve, Biden, Yellen’s, Li Qiang, Ms, “ I’ve, Mark Schiefelbein, Wang Yong, Wang, ”, Shi Yinhong, “, China’s, Michael Hart, “ We’ve, Mr, Hart, Liu He, Yi Gang, Li, Li’s, ” Claire Fu, Christopher Buckley Organizations: U.S, American Chamber of Commerce, Boeing, Bank of America, Cargill, Group, Bain & Company, Beijing, Biden, of, People, ., Center for American Studies, Peking University, “, Renmin University, U.S . State Department, Chamber of Commerce, Treasury, People’s Bank of China, Treasury Department Locations: Beijing, United States, China, American, Shanghai, U.S, States

☆ Shares of Chinese Tesla rival Xpeng rocket 11% as EV deliveries return to growth
▼ + stars: | 2023-07-03 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Shares of Xpeng surged in pre-market trade in the U.S. after the Chinese electric vehicle maker reported a quarterly return to growth for car deliveries, following more than a year of declines. Xpeng on Saturday said it delivered 23,205 cars in the second quarter of 2023, logging a 27% quarter-on-quarter rise. That was still lower than the 34,422 cars delivered in the second quarter of last year. Tesla's strategy seems to be working with the company reporting global vehicles deliveries of 466,140 in the second quarter, beating analysts expectations. Nio meanwhile delivered 10,707 vehicles in June and 23,520 cars in the second quarter, not far ahead of Xpeng.

Persons: Xpeng, Nio, Li, Warren Buffett, BYD Organizations: Inc, Li Auto Locations: U.S, Xpeng, China, Tesla, Guangzhou

☆ A $7 billion startup wanted to build patient-friendly healthcare. Its bet on buzzy weight-loss drugs is testing that vision.
▼ + stars: | 2023-06-29 | by ( Blake Dodge | Rebecca Torrence | ) www.businessinsider.com time to read: +12 min

Patient complaints go beyond the Wegovy shortageKaitlyn's complaints echo an array of issues faced by other Ro patients seeking weight-loss drugs. The patients Insider interviewed asked to be identified by their first names to protect their privacy. In this chat log, a Ro weight-loss patient sends messages to the startup asking to cancel the program. Reitano told Insider that around 90% of Ro patients got a response within 24 hours. "Until these DTC companies generally start getting into the muck of healthcare, they're not going to have a material impact," Parker told Insider.

Persons: Ro, Zachariah Reitano, Reitano, Li Ran, Robyn Phelps, Kaitlyn, She'd, didn't, she's, couldn't, Max Kerwick, drugstores, Max, Ro's, aren't, hasn't, Florian Gaertner, it's, TJ Parker, they're, Parker Organizations: New York, Getty, Better Business Bureau, Nordisk, Better Business, CareMetx, Ro, TechCrunch Locations: Xinhua, New York, New York City

☆ No Job, No Marriage, No Kid: China’s Workers and the Curse of 35
▼ + stars: | 2023-06-28 | by ( Li Yuan | ) www.nytimes.com time to read: +1 min

When Sean Liang turned 30, he started thinking of the Curse of 35 — the widespread belief in China that white-collar workers like him confront unavoidable job insecurity after they hit that age. In the eyes of employers, the Curse goes, they’re more expensive than new graduates and not as willing to work overtime. He has been unemployed for much of the past three years, partly because of the pandemic and China’s sagging economy. If the Curse of 35 is a legend, it’s one supported by some facts. That is a double whammy for workers in their mid-30s who are making big decisions about career, marriage and children.

Persons: Sean Liang, Liang, ” Locations: China

☆ China's economy is set to grow faster in the second quarter, Premier Li Qiang says
▼ + stars: | 2023-06-27 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +2 min

Chinese Premier Li Qiang attends a meeting on June 26, 2023, with the Director-General of the World Trade Organization ahead of the World Economic Forum New Champions meeting in Tianjin, China. Pool | Getty Images News | Getty ImagesBEIJING — Chinese Premier Li Qiang said Tuesday his country was still on track to reach its annual growth target of around 5%. Li was speaking at the opening plenary of the World Economic Forum's Annual Meeting of the New Champions. On Tuesday, the Chinese premier repeated the line about forecast upgrades, again without mentioning specific institutions or dates. In June, the World Bank raised its forecast for China's growth this year to 5.6%, up from 4.3% previously.

Persons: Li Qiang, Li, Xi Jinping, Goldman Sachs Organizations: World Trade Organization, Getty, New, JPMorgan, UBS, Bank of America, Bank, Monetary Fund Locations: Tianjin, China, BEIJING

☆ CNBC Daily Open: Tech, meet reality
▼ + stars: | 2023-06-27 | by ( Yeo Boon Ping | ) www.cnbc.com time to read: +2 min

This report is from today's CNBC Daily Open, our new, international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Microsoft wants explosive growthMicrosoft CEO Satya Nadella wants the tech giant to hit $500 billion in revenue by fiscal 2030, according to a court filing. Indeed, Nadella sketched out a "20/20" goal, which involves growing revenue and operating income by 20% year over year. Wilson, who predicted the fall in markets last year, thinks the S&P 500 will drop to 3,900 in the fourth quarter.

Persons: Vladimir Putin, Joe Biden, Satya Nadella, Nadella, Li Qiang, Amin Nasser, Wilson, Morgan Stanley's Organizations: CNBC, Tech, Stock, Japan's Nikkei, Wagner, Microsoft, New Locations: Asia, Pacific, Moscow, Russian, U.S, China, India, That's

The total tax breaks will amount to 520 billion yuan, Vice Minister of Finance Xu Hongcai said at a press conference. The announcement follows a June 2 Cabinet meeting during which authorities said they would extend and optimise the tax exemption and study policies to promote NEV development. Analysts said the cap on the purchase tax exemption would help drive growth of cheaper models that are mainly produced by domestic firms rather than premium vehicles from foreign makers. NEV sales rose 10.5% in May from a month earlier, showed data from the China Passenger Car Association. The tax break was announced in 2014 and extended in 2017, 2020 and 2022.

Persons: Finance Xu Hongcai, Cui Dongshu, Li Auto, Warren, Berkshire Hathaway, Susan Zou, Qiaoyi Li, Liz Lee, Siyi Liu, Donny Kwok, Miyoung Kim, Christopher Cushing Organizations: China, Auto, Ministry of Finance, Finance, China Passenger Car Association, EV, HK, Reuters, Berkshire, Volkswagen, Analysts, Tesla, Rystad Energy, Thomson Locations: BEIJING, SHANGHAI, China, BYD, Beijing, Hong Kong

The total tax breaks will amount to 520 billion yuan, Vice Minister of Finance Xu Hongcai said at a press conference. The announcement follows a June 2 Cabinet meeting during which authorities said they would extend and optimise the tax exemption and study policies to promote NEV development. The tax break was announced in 2014 and extended in 2017, 2020 and 2022. NEV sales rose 10.5% in May from a month earlier, showed data from the China Passenger Car Association. They jumped 60.9% from a year earlier when COVID-19 curbs still roiled auto production and sales.

Persons: Finance Xu Hongcai, Cui Dongshu, Li Auto, Susan Zou, Qiaoyi Li, Liz Lee, Siyi Liu, Donny Kwok, Miyoung Kim, Christopher Cushing Organizations: China, Auto, Ministry of Finance, Finance, China Passenger Car Association, EV, HK, Reuters, Tesla, Rystad Energy, Thomson Locations: BEIJING, SHANGHAI, China, BYD, Beijing, Hong Kong

☆ Inside your company's struggle over whether to pay for hot, new weight-loss drugs
▼ + stars: | 2023-06-20 | by ( ) www.businessinsider.com time to read: +10 min

Americans are clamoring for new weight-loss drugs, but companies aren't rushing to pay for them. At most, half of US employers help pay for weight-loss drugs for their workers, according to several estimates. "The drug companies, providers, and patient groups are insisting that weight loss will improve health and therefore offset these massive costs. Known as GLP-1 agonists, the drugs — Wegovy and Ozempic from Novo Nordisk and Eli Lilly's Mounjaro — mimic a gut hormone known as glucagon-like peptide 1, helping to suppress people's appetites and slow their digestion. Brent Eberle, the chief pharmacy officer at Navitus, said very few of the employers that worked with his pharmacy-benefit manager paid for weight-loss drugs.

Persons: that's, They're, AJ Loiacono, Li Ran, James Gelfand, Eli Lilly's, Ozempic, drugmakers, Brent Eberle, Navitus, Eberle, it's, Pat Gleason, Gleason, Wegovy, Eli Lilly, Lilly, Florian Gaertner, Loiacono Organizations: Morning, Novo Nordisk, Getty, Workers, Drugmakers, Therapeutics, Blue, Mayo Clinic, and Drug Administration, Capital Locations: Novo, Xinhua

But beneath those positive signals, the two-day visit to Beijing from US Secretary of State Antony Blinken highlighted another reality: a wide and dangerous gulf between the two powers. The timing of the visit, which followed two close encounters between Chinese and American armed forces in Asia in recent weeks, underscored the urgency of talking. In the same vein, the United States needs to respect China and must not hurt China’s legitimate rights and interests,” he said. We don’t want to look up to the United States, at the very least we should look at each other at eye level,” he said. Baby stepsIn the lead-up to and during Blinken’s visit, China made clear who it thinks is responsible for the problems in the relationship.

Persons: Antony Blinken, –, Xi Jinping, Blinken, Xi, ”, “, Bonnie Glaser, China …, Nancy Pelosi’s, Yang Tao, ” Yang, Li Shangfu, Shen Dingli, Wang Yi, Joe Biden, ” Blinken, Dexter, Roberts Organizations: Hong Kong CNN, Washington, China, China’s Communist Party, German Marshall Fund of, United, Pacific, Military, US, Chinese Defense, Minister of Defense, Beijing, Economic Cooperation, Atlantic Council Locations: Hong Kong, China, Beijing, Asia, ”, United States, Washington, Taiwan, American, South China, America, Shanghai, “ China, Bali, “

☆ Berkshire Hathaway's holdings in five Japanese companies could go beyond 10%, Jefferies says
▼ + stars: | 2023-06-20 | by ( Yun Li | ) www.cnbc.com time to read: +2 min

Warren Buffett's Berkshire Hathaway once again increased its stakes in five Japanese trading houses, and Jefferies said watch out for more such buying from the "Oracle of Omaha." Thanh Ha Pham, equity analyst at Jefferies, said Berkshire's holdings in these companies could go even beyond 10% in the future, and collaboration with Berkshire's businesses is another avenue to explore. The 92-year-old Buffett paid a visit to Japan and met with the heads at these Japanese firms earlier this year. Like Berkshire, the Japanese trading firms, also known as sogo shosha, are conglomerates that are involved in a wide range of products and services, including energy, machinery, chemicals, food, finance and banking. "By investing in trading houses, investors obtain a well-diversified business portfolio that is not exposed to any single industry or geography," Pham said.

Persons: Warren, Berkshire Hathaway, Jefferies, Thanh Ha Pham, Warren Buffett, Pham, Buffett Organizations: National Indemnity Company, Mitsubishi, Mitsui, Sumitomo, Jefferies, Tokyo Stock Exchange, Itochu Locations: Omaha, Itochu, Berkshire, Japan

☆ Germany and China Try to Reset Relations for a Changed World
▼ + stars: | 2023-06-19 | by ( Erika Solomon | Nicole Hong | ) www.nytimes.com time to read: +1 min

These consultations will be the first for Mr. Scholz, as well as the first visit to Berlin for Mr. Li as premier, who will be accompanied by a large train of ministers. There is little doubt their missions will be at odds, even as they try to shape areas of common interest. For Germany, the meeting will be an opportunity to assert a new stance, one in which China is still one of its most critical economic partners but also a “systemic rival.” That means Berlin will try to shield its critical technologies and encourage its businesses to diversify away from Beijing. For China, it will be an opportunity to convince its largest European trading partner to stick to business as usual — and drive a wedge between Berlin and Washington. How to maintain necessary economic ties with China, in the shadow of growing U.S. pressure to align with it against Beijing, is a balancing act Germany is still struggling to master.

Persons: Scholz, Li Organizations: Mr Locations: Berlin, Germany, China, Beijing, Washington

☆ Nio cuts prices for its cars — and delays business expansion plans
▼ + stars: | 2023-06-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Tesla and other electric car companies in China had cut prices earlier this year in a bid to attract buyers. The analysts cut their rating on Nio shares to hold, from buy. Looking ahead, Nio said that it aimed to deliver at least 20,000 cars a month in the second half of the year. watch nowNomura analysts said they expected the car company can improve its deliveries with new models, like the ES6 SUV and ET5 touring sedan. Nio's cash and cash equivalents fell below $1 billion at the end of 2019.

Persons: William Li, Hector Retamal, Nio, William Li's, Tesla, Li, Nomura, Mizuho Organizations: HK, Afp, Getty, China Merchants Bank International, Monday, Nomura, State Council, EV, Mizuho Securities Locations: Shanghai, BEIJING, China, EU

☆ Horses die in consecutive races at Belmont Park, following history-making event
▼ + stars: | 2023-06-11 | by ( David K. Li | ) www.cnbc.com time to read: +3 min

ELMONT, NEW YORK - JUNE 10: Arcangelo with Javier Castellano up wins the 155th running of the Belmont Stakes at Belmont Park on June 10, 2023 in Elmont, New York. (Photo by Al Bello/Getty Images)Horses died in consecutive races at Belmont Park, dealing more untimely blows to the beleaguered sport which had little time to celebrate of its most uplifting events of the year. "Two dead Thoroughbreds in two days with the same trainer on the same track means one thing: Belmont Park is failing to protect horses," PETA Senior Vice President Kathy Guillermo said in a statement. Including Mashnee Girl and Excursionniste, four horses have died during races at Belmont Park's spring/summer meet, which began on May 4 and has encompassed 1,670 horses starting in 214 races, according to McKenna. Saturday's Belmont Stakes capped a tumultuous five weeks of racing that normally shines a bright light on the sport of kings.

Persons: Javier Castellano, Al Bello, Mark Hennig, Patrick McKenna, Hennig, Excursionniste, Arcangelo, Belmont, Kathy Guillermo, McKenna, Havnameltdown, Chick Lang Organizations: Belmont Park, York Racing, NBC News, Belmont, Triple, PETA, Kentucky Derby, National Treasure, Preakness Locations: Belmont, Elmont , New York, Belmont Park, New York City, Jena, Churchill Downs, Baltimore

☆ The new ‘MediterAsian’ diet is the No. 1 way to ‘boost immune health and live longer,' says doctor and food scientist
▼ + stars: | 2023-06-10 | by ( Dr. William Li | ) www.cnbc.com time to read: +2 min

As a doctor and food scientist, I've spend 20 years studying how our diets can help us beat diseases and live longer. Both the Mediterranean region and Asia have areas known as Blue Zones, where people age better, live longer, and are overall healthier. Here are the five staples of MediterAsian eating that can help you boost immune health and live longer:1. Lentils: Lentils are a classic legume in Mediterranean cuisine. Bottles and jarsExtra virgin olive oil (EVOO): EVOO is the most desirable form of olive oil.

Persons: I've, Roe Locations: Asia

[1/4] Li Yunze, director of China's National Financial Regulatory Administration (NFRA), speaks at the Lujiazui Forum in Shanghai, China June 8, 2023. REUTERS/Jason XueSHANGHAI/BEIJING, June 8 (Reuters) - China is open for investment, the country's top financial regulators told foreign financiers at a high-profile forum in Shanghai on Thursday, as concerns mount among foreign firms that they may no longer be welcome. "Opening up is China's long-term national policy, and the door of China's financial industry will only be opened wider and wider." Yi Huiman, chairman of the China Securities Regulatory Commission, told forum participants that China will "adamantly" push for deregulation in terms of market access, institution qualification and products. Internal circulation will be supported by "external circulation," as in foreign financing and China's interactions with the global economy.

Persons: Li Yunze, Jason Xue, Goldman Sachs Group's, David Solomon, Tesla's, Elon Musk, Xi, Merrill Lynch, Li, Jane Fraser, Yi Huiman, Noah Fraser, Yi, Joe Cash, Shri Navaratnam, Edmund Klamann, Kim Coghill Organizations: China's, Financial Regulatory Administration, REUTERS, HSBC, Credit Agricole, Mizuho Financial, Paypal, China Securities Regulatory Commission, Canada China Business Council, Shanghai, Thomson Locations: Shanghai, China, Jason Xue SHANGHAI, BEIJING, U.S, flashpoints, Ukraine, South, Beijing, Inner Mongolia, Russia, Mongolia

☆ Chinese snooker players banned for life for match-fixing, eight others suspended
▼ + stars: | 2023-06-07 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +4 min

CNN —Two professional Chinese snooker players have been banned for life and eight others suspended after being found guilty of match-fixing and other charges, the sport’s governing body has announced. Traditionally snooker was dominated by players from the United Kingdom, but in recent years has seen an influx of Chinese talent, with the sport soaring in popularity there. Liang was the first Chinese player to be suspended in connection with the investigation in October. The remaining players either joined in with match fixing or made illegal bets themselves. If any player is involved in fixing a snooker match, they will be caught and will face severe penalties,” he added.

Persons: Liang Wenbo, Li Hang, Zhao Xintong, Yan Bingtao –, –, Lu Ning, Zhao Jianbo, Chang Bingyu, Bai Langning, Chen Zifan, Zhang Jiangkang, Liang, Li, ”, Jason Ferguson, ” “ Organizations: CNN, Snooker Association, Integrity Association Locations: China, United Kingdom

☆ U.S. and China trade barbs at top security summit as Taiwan Strait tensions simmer
▼ + stars: | 2023-06-05 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

On Saturday, when Austin took to the stage at the summit where global defense leaders gathered, he called out China for refusing to engage in military dialogue. China believes that a major country should behave like one," Li said Sunday in a translation provided by summit organizers. China claims self-governed Taiwan as part of its territory and regards any foreign presence near the island as a form of interference in its domestic affairs. China's Minister for National Defense, General Li Shangfu, delivers his plenary session Sunday at the 20th Asia Security Summit in Singapore, known as the Shangri-La Dialogue. Calls for dialogueYet, even as the U.S. and China defense chiefs talked past each other, so-called middle powers such as Australia urged the two feuding powers to reestablish dialogue.

Persons: Li Shangfu, Lloyd Austin, Austin, China's Li, Li, Defense Lloyd Austin, Roslan Rahman, Philippines —, General Li Shangfu, Anthony Albanese Organizations: American, Defense, China's Defense, Afp, Getty, Pacific Command, Delegates, China's, National Defense, 20th Asia Security Summit, Australian Locations: SINGAPORE, Singapore, Beijing, China, U.S, Taiwan, People's Republic of China, South China, Asia, Pacific, Indonesia, Malaysia, Philippines, Estonia, Sweden, Germany, Australia, Japan, South Korea, India, France

☆ New US Navy video clearly shows Chinese warship cutting off a US destroyer during 'unsafe' encounter in the Taiwan Strait
▼ + stars: | 2023-06-05 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +4 min

A new video, clearer than an earlier one, of a close call between US and Chinese destroyers in the Taiwan Strait has come out. The US Navy video shows the Chinese ship cutting off the US vessel. This incident follows another in the air in which a Chinese fighter jet flew directly in front of a US plane. "This is wildly unprofessional and provocative behavior on the part of the Chinese Navy," he said. American and Chinese naval vessels have had other close calls like this in the past, such as when a Chinese destroyer sailed dangerously close to the US destroyer USS Decatur near the Spratly Islands in the South China Sea five years ago.

Persons: —, Arleigh Burke, Hoon, James Stavridis, Barry, Li Shangfu, Defense Lloyd Austin, Austin, Li Organizations: US Navy, Service, Fleet, 052D, Suzhou, Pacific Command, People's Liberation Army Navy, American, Twitter, Chinese Navy, PLA Navy, US, South China, US Air Force, Defense Locations: Taiwan, American, Montreal, Chinese, Decatur, Spratly, South, China, Singapore

☆ Brazenly defending a Chinese warship buzzing an American destroyer in the Taiwan Strait, China's new defense minister tells the US: 'Mind your own business'
▼ + stars: | 2023-06-04 | by ( David Rising | Associated Press | ) www.businessinsider.com time to read: +8 min

A Chinese warship overtook an American destroyer and sailed across its bow on Saturday. China's defense minister Gen. Li Shangfu said, "In China we always say, 'Mind your own business.'" Chinese Defense Minister Gen. Li Shangfu delivers his speech on the last day of the 20th International Institute for Strategic Studies (IISS) Shangri-La Dialogue, Asia's annual defense and security forum, in Singapore, Sunday, June 4, 2023. He accused the US and others of "meddling in China's internal affairs" by providing Taiwan with defense support and training, and conducting high-level diplomatic visits. The sanctions, which broadly prevent Li from doing business in the United States, do not prevent him from holding official talks, American defense officials have said.

Persons: Lloyd Austin, Li Shangfu, —, Vincent Thian Li, Li, Austin, Roslan Rahman, Li scoffed, Vincent Thian Organizations: US, Service, Privacy Policy SINGAPORE, Washington, Pacific Command, US Air Force, Chinese Defense, 20th International, for Strategic Studies, AP, Getty, Russia, US Defense Department Locations: American, China, Taiwan, Singapore, Taiwan Strait, South, Canadian, Beijing, Chinese, South China, Austin, East, Ukraine, Moscow, United States, — China

☆ Defence officials say wide cooperation key to Indo-Pacific stability
▼ + stars: | 2023-06-03 | by ( Gerry Doyle | ) www.reuters.com time to read: +3 min

[1/3] Japan's Minister of Defence Yasukazu Hamada, Cambodia's Minister of National Defence General Tea Banh and Germany's Minister of Defence Boris Pistorius attend the First Plenary Session of the 20th IISS Shangri-La Dialogue in Singapore June 3, 2023. REUTERS/Caroline ChiaSINGAPORE, June 3 (Reuters) - Cooperation, including among countries outside the region, is crucial to peace and stability in the Indo-Pacific region, defence officials from the Philippines, Britain and Canada said on Saturday at the Shangri-La Dialogue security summit. "Canada has a keen interest in building a region that is stable, that is balanced," said Anita Anand, Canada's defence minister. China's Minister of National Defence Li Shangfu had this week declined an invitation to meet Austin at the security summit. "A cordial handshake over dinner is no substitute for a substantive engagement," Austin said in his remarks earlier on Saturday.

Persons: Defence Yasukazu Hamada, Tea Banh, Defence Boris Pistorius, Caroline Chia SINGAPORE, Defense Lloyd Austin, Anita Anand, Carlito Galvez Jr, Galvez, Anand, Ben Wallace, National Defence Li Shangfu, Austin, Gerry Doyle, Raju Gopalakrishnan Organizations: Japan's, Defence, Cambodia's, National Defence, Germany's, REUTERS, Defense, China's, Austin, Pentagon, Thomson Locations: Singapore, Philippines, Britain, Canada, Philippine, Asia, Russia, U.S

Speaking at the Shangri-La Dialogue, Asia's top security summit, Austin said that open lines of communication between U.S. and Chinese defence and military leaders were essential to avoid conflict and bolster stability in the Asia-Pacific. "The more that we talk, the more that we can avoid the misunderstandings and miscalculations that could lead to crisis or conflict." China's Minister of National Defence Li Shangfu had this week declined an invitation to meet Austin at the security summit. On Friday, the two shook hands on the sidelines of the conference but did not hold detailed talks, the Pentagon said. "(AUKUS) promotes greater stability and security," Austin said.

Persons: Defense Lloyd Austin, Caroline Chia, Austin, Austin Austin, National Defence Li Shangfu, Antony Blinken, Liu Pengyu, General, Lei, Zhao Xiaozhuo, Zhao, Xi Jinping, Joe Biden, Xinghui Kok, Joe Brock, Chen Lin, Gerry Doyle, Kanupriya Kapoor, Greg Torode, Ryan Woo, Idrees Ali, Phil Stewart, Yew, Raju Gopalakrishnan Organizations: Defense, REUTERS, United, People's, National Defence, Austin, Pentagon, Academy of Military Sciences, Global Times, U.S, China's Academy of Military Sciences, Australia, Thomson Locations: Singapore, China, Taiwan, Asia, Pacific SINGAPORE, United States, South China, People's Republic of China, U.S, Washington, TAIWAN, Beijing, Ukraine, Pacific, Australia, Japan, India, Philippines

☆ With Rainbow Flags, 2 Students Test China’s Shrinking L.G.B.T.Q. Space
▼ + stars: | 2023-06-03 | by ( Nicole Hong | Zixu Wang | ) www.nytimes.com time to read: +1 min

Karolyn Li still remembers reading the brochure from China’s prestigious Tsinghua University when she was in high school preparing to apply to college. rights group, a suggestion of inclusivity on campus that surprised Ms. Li, who identifies as queer. Ms. Li ended up enrolling at Tsinghua. Now a 21-year-old junior, Ms. Li sees the brochure as cruelly ironic. “All these things add up to make me wonder: How did things get so bad?” said Ms. Huang, who identifies as a lesbian.

Persons: Karolyn Li, Li, Christine Huang, ”, Huang Organizations: Tsinghua University, Tsinghua

☆ People probably have to be on Ozempic forever. But no one is ready for the bill.
▼ + stars: | 2023-06-02 | by ( Hilary Brueck | ) www.businessinsider.com time to read: +9 min

But she knows — from experience — that probably won't be possible if she has to stop taking the drug once her manufacturer-issued coupons expire. But the injections don't work once people stop taking them. Li Ran/Xinhua via Getty ImagesMany health insurers and employers have long declined to pay for weight-loss drugs. He has resumed taking weight-loss medication but said he hoped to go down to a lower dose. Want to tell us about your experience with health insurance and weight-loss drugs?

Persons: Tara Rothenhoefer, Rothenhoefer, Eli Lilly's, Insider's Gabby Landsverk, —, Wegovy, Rothenhoefer Novo, we're, Dr, Martin Lange, Novo, Eli Lilly, Li Ran, Sean Duffy, Omada, Duffy, hungrier, Nisha Patel, it's, " Lange, Bill, Gabby Landsverk, Shelby Livingston, Hilary Brueck Organizations: Rothenhoefer Novo Nordisk, Novo Nordisk, Getty, National Library of Medicine Locations: San Francisco, Novo, Xinhua, slivingston

☆ Shangri-La Dialogue: Ukraine war hasn't changed China's thinking around possible attack on Taiwan, IISS reports says
▼ + stars: | 2023-06-02 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +6 min

That invasion has also drawn increased attention to Taiwan as a potential security flashpoint in Asia. “There is no evidence that China has a fixed timetable for invading Taiwan,” the report added. Meanwhile, Beijing’s rhetoric around Taiwan was one of several key triggers accounting for Japan’s growing concern over China, the report said. That has included strengthening trilateral cooperation with allies South Korea and Japan and revamping the Quad security grouping with Australia, Japan and India, widely seen as a counter to China’s military rise. It is Li’s first time attending the conference since stepping into his role as defense minister earlier this year.

Persons: Defense Lloyd Austin, Li Shangfu, Anthony Albanese, Oleksii Reznikov, China’s, “, Li, Austin Organizations: CNN, International Institute for Strategic Studies, Defense, Chinese Defense, Australian, Ukraine’s Defense, South Pacific, Communist Party, South, People’s Liberation Army Locations: China, Ukraine, Taiwan, Singapore, Europe, Asia, Pacific, United States, Austin, Beijing, South China, South, Russia, South Korea, Japan, Australia, India, United Kingdom

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