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BANGKOK (AP) — Share were mostly higher in Asia on Thursday after the S&P 500 neared the 5,000 level for the first time. Hong Kong’s benchmark fell while Shanghai advanced after China replaced its top stock market regulator. Late Wednesday, China's top stock regulator was replaced by a former chairman of the Shanghai Stock Exchange as part of those efforts. On Thursday, the Shanghai Composite index gained 1.3% to 2,865.90 and the Shenzhen Components index in China's smaller main market also added 1.3%. The S&P 500 gained 0.8%, coming within a fraction of a point of the 5,000 level before ending the day at 4,995.06.

Persons: Wu Qing, Yi Huiman, Hang Seng, Australia's, SET, Snapchat Organizations: Shanghai Stock Exchange, China Securities Regulatory Commission, Communist Party, Nikkei, Ford, Dow Jones, Nasdaq, . New York Community Bancorp, Signature Bank, Ford Motor, Enphase Energy, CVS Health, Corp, Vans, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Shanghai, China, Tokyo, Beijing, Shenzhen, Seoul, India, Wall

He replaced Yi Huiman, who presided over months of turmoil as share markets slumped, losing trillions of dollars of value. Earlier this week, the CSRC said that it was cracking down on insider trading, market manipulation and other crimes and would protect small investors. A state investment fund pledged to step up buying of exchange-traded funds and regulators also imposed limits on short-selling. Prolonged weakness in the property market and share prices has dented consumer confidence, hindering that transition. Given the selloff in the stock market, “many could be tempted to take their loss and walk away in the slightest recovery.

Persons: Wu Qing, Yi Huiman, Swissquote, Wu, “, Xi Jinping, ” Ozkardeskaya Organizations: Shanghai Stock Exchange, Communist Party, China Securities Regulatory Commission, Xinhua News Agency, Investors, ”, Authorities Locations: BANGKOK, Wu, China, Shanghai, Shenzhen, Beijing

BEIJING (AP) — China replaced the head of its market watchdog Wednesday in an apparent attempt to restore confidence in financial markets following a prolonged downturn. Official media said Wu Qing, a former chairman of the Shanghai Stock Exchange, would replace Yi Huiman as chairman and Communist Party chief of the China Securities Regulatory Commission. Chinese stocks have been trading near 5-year lows despite various measures to stabilize the markets. Earlier this week, the CSRC said it was cracking down on insider trading, market manipulation and other crimes and would protect small investors. The appointment came during a week that has seen wild swings in share prices and despair among investors who have seen their investments evaporate.

Persons: Wu Qing, Yi Huiman, Wu, “, Butcher ”, Swissquote, ” Ozkardeskaya, Yi, monthslong Organizations: BEIJING, Shanghai Stock Exchange, Communist Party, China Securities Regulatory Commission, Xinhua News Agency Locations: China, Shanghai, Shenzhen, Beijing

BANGKOK (AP) — Chinese and U.S. officials have met in Beijing for talks on tough issues dividing the two largest economies, as trade and tariffs increasingly draw attention in the runup to the U.S. presidential election. The talks sent a “positive signal,” the Global Times, a newspaper of China’s ruling Communist Party, said in an article published late Tuesday. The two sides said the talks in Beijing also touched on issues such as debt problems in developing countries, financial cooperation and economic policies. The Economic Working Group's meeting was its third since it was established in September and its first in Beijing. A Treasury delegation met with Chinese Vice Premier He Lifeng while in Beijing and conveyed a message that Yellen hoped to visit China at an “appropriate time.”

Persons: Joe Biden, Xi Jinping, Biden, Donald Trump, Yellen, ” Organizations: U.S, China’s Ministry of Finance, Global Times, Communist Party, U.S . Treasury Department, International Energy Agency, Treasury Department, Trump, Treasury Locations: BANGKOK, Beijing, U.S, China, Europe, San Francisco , California, Taiwan

BANGKOK (AP) — Shares were mixed Tuesday in Asia, where Chinese stocks surged after a government investment fund said it would step up stock purchases and a report said leader Xi Jinping was set to meet with officials to discuss the markets. The fund periodically steps up buying of shares in big state-owned banks and other companies to counter heavy selling pressure in the Chinese markets. On Monday, benchmarks in Shanghai and the smaller market in Shenzhen bounced between small gains and big losses, while share prices of state-run banks and other big companies rose. The Fed has yanked the federal funds rate to its highest level since 2001 to bring down high inflation. But there's also an upside for stocks from the U.S. economy's blasting through worries about a possible recession.

Persons: Xi Jinping, Xi, Hong, Seng, Australia's, India's, Jerome Powell, there's Organizations: Bloomberg, CSI, Central Huijin Investment, Nikkei, Dow Jones, Nasdaq, Federal Reserve, Institute for Supply, New York Mercantile Exchange, Brent Locations: BANGKOK, Asia, Shanghai, Shenzhen, South Korea, Bangkok

☆ China gives suspended death sentence to Tian Huiyu, former China Merchants Bank president
▼ + stars: | 2024-02-06 | by ( Laura He | ) edition.cnn.com time to read: +3 min

The court said he had used his privileged access to information to make more than 290 million yuan ($41 million) in illegal gains from the stock market. He also leaked inside information about stocks to other people, which yielded more than 8 million yuan ($1.1 million) in illicit profits, it said. In return, he accepted bribes worth more than 210 million yuan ($30 million), it said. In 2013, Tian was promoted to head China Merchants Bank, serving as its president and its Communist Party boss. The Communist Party has stepped up its crackdown on the country’s state-owned financial system since last year.

Persons: Tian Huiyu, Xi Jinping, Tian, Wang Qishan, ”, Li Xiaopeng, Liu Liange, Bao Fan, Bao Organizations: Hong Kong CNN, China Merchants Bank, China Construction Bank, China Cinda Asset Management, Beijing, Communist Party, Central Commission, Communist, Adobe, China Everbright Group, Bank of China, China Renaissance Locations: China, Hong Kong, Changde city, Hunan, China’s, Shanghai, Changde

☆ Trump Pushes Immigration Conspiracy Theories and Mass Deportations
▼ + stars: | 2024-02-04 | by ( Maggie Astor | ) www.nytimes.com time to read: +1 min

Former President Donald J. Trump, in an interview that aired on Fox News on Sunday, suggested falsely that Latin American governments were picking the citizens they didn’t want and shipping them to the U.S. border, resurrecting a claim that was central to his 2016 campaign. He also accused the Chinese Communist Party — without providing any evidence — of orchestrating illegal immigration into the United States, and said he believed China would try to interfere in the presidential election, adding that he liked President Xi Jinping “a lot.”Asked by the interviewer, Maria Bartiromo, whether he thought “military-aged men” from China were “being directed by the Communist Party to come here,” Mr. Trump said: “I believe so.”Referring to a recent incident in New York City in which a group of men identified by police officials as migrants from Latin America attacked police officers, Mr. Trump said: “The heads of these countries are smart. They’re not sending the people that are doing a great job and that they love in the country. They’re sending people, for the most part, that they don’t want, and they’re putting them into caravans.”

Persons: Donald J, Trump, Xi Jinping, Maria Bartiromo, ”, ” Mr, “ Organizations: Fox News, Communist Party, Latin America Locations: U.S, United States, China, New York City, Latin

☆ Trump suggests he would consider a tariff upward of 60% on all Chinese imports if reelected
▼ + stars: | 2024-02-04 | by ( Kate Sullivan | ) edition.cnn.com time to read: +2 min

CNN —Former President Donald Trump said Sunday he would consider imposing a tariff upward of 60% on all Chinese imports if he regains the presidency. His remarks come at a time of high economic and other tensions between the US and China. “No, I would say maybe it’s going to be more than that,” Trump said when asked by Fox News’ Maria Bartiromo whether he would consider imposing a 60% tariff, as The Washington Post has reported. As president, Trump slapped tariffs of 25% on $50 billion of Chinese goods in June 2018. But FBI Director Christopher Wray warned Wednesday that Chinese hackers are preparing to “wreak havoc and cause real-world harm” to the US.

Persons: Donald Trump, ” Trump, Maria Bartiromo, Trump, Biden, “, Xi Jinping, Joe Biden, Christopher Wray, Xi, ” China’s, reunify, CNN’s Jack Forrest, Brad Lendon Organizations: CNN, Fox News, Washington Post, Trump, Party, Taiwan, Taiwan Relations Locations: China, Beijing, Taiwan

☆ US Court Blocks Florida Law Barring Chinese Citizens From Owning Property
▼ + stars: | 2024-02-02 | by ( Feb. | At A.M. | ) www.usnews.com time to read: +2 min

By Daniel Wiessner(Reuters) - A U.S. appeals court has blocked Florida from enforcing a ban on Chinese citizens owning homes or land in the state against two Chinese nationals who were in the process of buying property when the law was adopted. Circuit Court of Appeals said on Thursday the individuals were likely to prevail on claims that Florida's ban violates a federal law governing real estate purchases by foreign nationals. A Florida federal judge in August had declined to block the law, prompting an appeal by the plaintiffs. Lawmakers in several Republican-led states including Texas, Louisiana, and Alabama are considering similar restrictions on Chinese citizens owning property. It also bars most citizens of Cuba, Venezuela, Syria, Iran, Russia and North Korea from owning property near military installations and infrastructure such as power plants and airports.

Persons: Daniel Wiessner, Ashley Moody, Bethany Li, Li, Ron DeSantis, Angus MacSwan Organizations: Circuit, Appeals, Republican, Constitution, Asian American Legal Defense, Education Fund, Chinese Communist Party Locations: Florida, Atlanta, Texas , Louisiana, Alabama, China, Cuba, Venezuela, Syria, Iran, Russia, North Korea, Albany , New York

☆ Court blocks Florida law barring Chinese citizens from owning property
▼ + stars: | 2024-02-02 | by ( ) www.cnbc.com time to read: +2 min

A U.S. appeals court has blocked Florida from enforcing a ban on Chinese citizens owning homes or land in the state against two Chinese nationals who were in the process of buying property when the law was adopted. Circuit Court of Appeals said on Thursday the individuals were likely to prevail on claims that Florida's ban violates a federal law governing real estate purchases by foreign nationals. A Florida federal judge in August had declined to block the law, prompting an appeal by the plaintiffs. Lawmakers in several Republican-led states including Texas, Louisiana and Alabama are considering similar restrictions on Chinese citizens owning property. It also bars most citizens of Cuba, Venezuela, Syria, Iran, Russia and North Korea from owning property near military installations and infrastructure such as power plants and airports.

Persons: Ashley Moody, Bethany Li, Li, Ron DeSantis Organizations: Circuit, Appeals, Republican, Constitution, Asian American Legal Defense, Education Fund, Republican Gov, Chinese Communist Party Locations: Miami , Florida, U.S, Florida, Atlanta, Texas , Louisiana, Alabama, China, Cuba, Venezuela, Syria, Iran, Russia, North Korea

Photos You Should See View All 45 ImagesThe sluggish property market also has dented local government revenue from vital land use sales, adding to public debt. The central bank and State Administration of Financial Supervision issued a list of 17 measures to support the rental housing market, due to take effect on Monday. Most have to do with financial services for leasing, promoting investment in rental housing and improving the financial management of rental properties. The aim is to “support various entities to build, renovate and operate long-term rental housing, and to revitalize existing housing stock, effectively increasing the supply of affordable and commercial rental housing,” it said. Beefing up the rental market would help free up more housing for young people and others who lack the means to purchase apartments.

Persons: China Evergrande, Wang Dongwei, ” Organizations: —, Communist Party, Finance Ministry, Administration, Financial, Housing Locations: BANGKOK, — China, Beijing, Hong Kong, China, China's Guangdong

SINGAPORE (AP) — After a U.S. senator grilled Singaporean TikTok CEO about his nationality and affiliation with the Chinese Communist Party, Singaporeans are complaining about ignorant — or even racist — views of their country. During the hearing, Chew was repeatedly questioned about his nationality and possible affiliations to the Chinese Communist Party by Sen. Tom Cotton, R-Ark. Chinese companies are required to set up Communist Party cells. “No Senator, again, I’m Singaporean,” Chew responded, visibly perplexed. Prior to joining TikTok, Chew worked for five years at Xiaomi, a Chinese smartphone company.

Persons: Shou Chew, Chew, Chinese Communist Party by Sen, Tom Cotton, ” Cotton, Cotton, “, ” Chew, “ McCarthy, Jojo Choo, ”, ” Choo, Fian Fazlie, “ He’s, ” Fazlie, Biden, Vivian Kao, Goldman Sachs Organizations: SINGAPORE, Chinese Communist Party, Chinese Communist Party by, Communist Party, Washington Post, Singapore, Straits Times, Fox News, U.S, “, DST Global Locations: America ., Singapore, China, Chinese, “ Singapore, TikTok, Xiaomi

☆ Bao Fan: Missing Chinese banker resigns from China Renaissance for ‘health reasons’
▼ + stars: | 2024-02-02 | by ( Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Bao Fan, a star Chinese tech banker who disappeared a year ago amid Beijing’s anti-corruption crackdown, has formally resigned from the firm he founded, the company said. CNN has contacted China Renaissance for comment. China Renaissance announced a management reshuffle to replace its chairman and CEO, along with other top positions. He founded China Renaissance in 2005 in Beijing and made it one of the top dealmakers for Chinese tech firms. Shares in China Renaissance were suspended from trading last April because of issues related to Bao’s status.

Persons: Hong Kong CNN — Bao Fan, Bao, ”, Xie Yi Jing, Deloitte Touche Tohmatsu, “ Organizations: Hong Kong CNN, China Renaissance, Company, CNN, Economic Observer, Communist Party, Deloitte Locations: China, Hong Kong, Bao, Beijing, Dianping

MANILA, Philippines (AP) — The government of Philippine President Ferdinand Marcos Jr. has taken steps to to address human rights abuses in the country, including the killings of journalists and rights activists, a U.N. expert said Friday. Khan said she underscored the need for the Marcos administration to seek justice for rights victims under his predecessor, Rodrigo Duterte. She cited U.N. figures saying that at least 81 past killings of journalists in the Philippines have not been investigated and remain unresolved. He insisted that the task force Khan wants disbanded had helped weaken the communist insurgency in recent years, with just 1,500 guerrillas remaining. Once remaining guerrilla fronts have been dismantled, the task force would turn to promoting peace and national unity, Malaya said.

Persons: Ferdinand Marcos Jr, Irene Khan, Khan, Marcos, Rodrigo Duterte, ” Khan, ” Jonathan Malaya, Joeal Calupitan, Aaron Favila Organizations: United Nations, —, Communist Party of, New People’s Army, National Security Council, Associated Press Locations: MANILA, Philippines, Philippine, Manila, Malaya

☆ Wray’s stunning warning points to a new age of US vulnerability
▼ + stars: | 2024-02-01 | by ( Stephen Collinson | ) edition.cnn.com time to read: +9 min

“The CCP’s dangerous actions, China’s multi-pronged assault on our national and economic security, make it the defining threat of our generation,” Wray said. Xi promised Biden China wouldn’t interfere in the 2024 presidential election at that meeting, CNN reported exclusively this week. The high-level diplomatic contacts continued last week when national security adviser Jake Sullivan met Chinese Foreign Minister Wang Yi in Bangkok. “This is the cyberspace equivalent of placing bombs on American bridges, water treatment facilities and power plants,” he said. “If you have a cyberattack on that sort of technology, it could affect all signals at once,” Geddes said.

Persons: Christopher Wray, Rick Geddes, ”, Wray, Xi, ” Wray, Joe Biden, Biden, Biden China wouldn’t, Jake Sullivan, Wang Yi, Donald Trump, Kevin McCarthy, Mike Gallagher of, Raja Krishnamoorthi, Paul Nakasone, Gallagher, Geddes, ” Geddes Organizations: CNN, Cornell, Chinese Communist Party, Communist Party, CCP, South China, –, Capitol, Republican, Democrat, US Cyber Command, “ Locations: Washington, Beijing, United States, China, Taiwan, South, Xi Jinping’s China, California, Biden China, Bangkok, Mike Gallagher of Wisconsin, Illinois

☆ Chinese hackers are preparing to 'wreak havoc' on US electrical grids, water treatment plants, and oil and gas pipelines: FBI director
▼ + stars: | 2024-02-01 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Read previewFBI Director Christopher Wray warned that Chinese hackers are targeting critical US infrastructure in a bid to potentially "wreak havoc" on the lives of ordinary Americans in testimony to Congress. Speaking to the House Select Committee on the Chinese Communist Party on Wednesday, Wray said that China is seeking to infiltrate electrical grids, water treatment plants, oil and gas networks, and transport systems. AdvertisementWray's testimony comes after the Justice Department announced that it had disrupted a group of Chinese hackers who infiltrated old routers belonging to private citizens and small businesses. The sole purpose is to be ready to destroy American infrastructure, which would inevitably result in chaos, confusion, and potentially mass casualties." The House select committee Wray testified to was created to counter the intensified threat posed by China, a rare example of bipartisan consensus amid Washington's stark partisan divides.

Persons: —, Christopher Wray, Wray, They're, Joe Biden, Xi Jinping, Mike Gallagher Organizations: Service, Chinese Communist Party, Business, Justice Department, FBI, CNN Locations: China, San Francisco, Taiwan, Ukraine, South China, Wisconsin

☆ US aircraft carriers lead ‘large deck’ exercises with Japan east of Taiwan
▼ + stars: | 2024-02-01 | by ( Brad Lendon | ) edition.cnn.com time to read: +5 min

Seoul, South Korea CNN —A dozen United States and Japanese warships, including two US aircraft carriers, have been putting on a show of military might this week in the Philippine Sea east of Taiwan. The US Navy aircraft carriers USS Carl Vinson and USS Theodore Roosevelt were joined by the Japan Maritime Self-Defense Force helicopter destroyer JS Ise, seven US guided-missile destroyers and two US cruisers for what the Navy calls a Multi-Large Deck Event (MLDE). An F/A-18E Super Hornet takes off from the aircraft carrier USS Carl Vinson during exercises in the Philippine Sea on Jan. 31. Potential maritime flashpointsThat broad area reaches as far south as islands and reefs in the South China Sea, where Chinese and Philippine vessels have been in recent confrontations. “The coercive pressure campaign against Taiwan continues, and we’re watching it in the wake of the elections,” Aquilino told the Pacific Forum.

Persons: Carl Vinson, Theodore Roosevelt, ”, Carlos Sardiello, Vinson, Collin Koh, ” Koh, Ronald Reagan, Dwight D Eisenhower –, Carl Schuster, ” Schuster, Xi Jinping, John Aquilino, ” Aquilino, “ I’m Organizations: South Korea CNN, United, Analysts, US, US Navy, Japan, Self, Defense Force, Ise, Carrier Strike, Navy, Rajaratnam, of International Studies, CNN, USNI, Pacific Command’s Joint Intelligence Center, East China, Democratic Progressive Party, Communist Party, Clinton, Party, Taiwan, Pacific Command, Pacific Locations: Seoul, South Korea, United States, Philippine, Taiwan, China, U.S, Japan, Pacific, Singapore, Asia, Red, Yemen, Hawaii, South China, East, Senkaku, Beijing, fmr

☆ China's population decline likely won't be solved by throwing money at its citizens, an expert on China says
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's ruling party introduced a "three-child policy" in 2021, welcoming families to have more than two children. A solution for China's demographic crisis likely won't come through a few policy initiatives, Wang argued. The law was introduced, in part, as an effort to boost the country's birth rate. Taiwan has so far invested $3 billion in implementing programs to get more citizens to have children, The Los Angeles Times reported. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, Business, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

☆ A Senate hearing with top tech CEOs about online child safety had plenty of fireworks
▼ + stars: | 2024-02-01 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +6 min

NEW LOOK Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. In today's big story, we're looking at the grilling tech CEOs got during a contentious Senate hearing, with one notable exception. The big storyTech on trialAnna Moneymaker/Getty ImagesTech CEOs testified in a Senate hearing that turned into the type of fiery debates found on their social-media platforms. Executives for Meta, TikTok, X, Snapchat, and Discord were grilled by US lawmakers during a contentious Senate hearing on online child sexual exploitation. The most shocking moment involved Meta CEO Mark Zuckerberg, BI's Lauren Steussy reports.

Persons: —, we're, Anna Moneymaker, Aaron Mok, Camilo Fonseca, Mark Zuckerberg, BI's Lauren Steussy, GOP Sen, Josh Hawley, Zuckerberg, Shou Zi Chew, Republican Sen, Tom Cotton, Linda Yaccarino, Alex Wong, Chew, X's Yaccarino, BI's Katie Notopoulos, Yaccarino, Katie, It's, there's, Sen, Lindsey Graham, We've, Jerome Powell, Win McNamee, Troy Rohrbaugh, Jamie Dimon, it's, Jeff chiu, Alyssa Powell, Byron Allen, Dan DeFrancesco, Hallam Bullock, Jordan Parker Erb Organizations: Business, Service, Tech, Getty Images Tech, Meta, GOP, Republican, Chinese Communist Party, Pew, Big Tech, Federal Reserve, Paramount, Getty, Apple Locations: Washington, Washington ,, New York, London

☆ China is facing a brutal reality as it desperately tries to fix its population decline problem
▼ + stars: | 2024-02-01 | by ( Lloyd Lee | ) www.businessinsider.com time to read: +5 min

China's population fell for a second consecutive year as the birth rate reached a record low. AdvertisementFor the second year in a row, China's population fell. But still, the Chinese population — young people, in particular — did not bite. The law was introduced, in part, as an effort to boost the country's birth rate. This is a "global shift," Wang told BI.

Persons: —, Wang Feng, Wang, BI's Huileng Tan, China's, Ethan Michelson, Michelson Organizations: Service, country's National Bureau, Statistics, University of California, Communist Party, Chinese Community Party, Ethan Michelson , Indiana University Bloomington's, East Asian, BI, Los Angeles Times Locations: country's, China, Irvine, Hangzhou, East China, Wenzhou, Ethan Michelson ,, Seoul, South Korea, Italy, Taiwan

☆ FBI shuts down China's 'Volt Typhoon' hackers targeting U.S. infrastructure
▼ + stars: | 2024-01-31 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +3 min

The Justice Department and FBI identified the attacks and shut down aspects of the Volt Typhoon malware, Wray said. Microsoft in May warned that Volt Typhoon hackers had been active since 2021 and were targeting U.S. cyber infrastructure. The hacks have become increasingly sophisticated, Jen Easterly, director of the Cybersecurity and Infrastructure Security Agency, said at the hearing. She explained that Chinese hackers are able to "live within a computer's operating system" in a way that makes them difficult to identify. In July, Chinese hackers also compromised the email accounts of the U.S. ambassador to China and other officials.

Persons: Christopher Wray, Wray, they're, that's, Shou Zi Chew Organizations: FBI, Justice Department, Microsoft, Infrastructure Security Agency, Communist Party, NBC News, British Locations: China, U.S, London, Taiwan

☆ Evergrande liquidation: Here’s what may happen next
▼ + stars: | 2024-01-31 | by ( Laura He | ) edition.cnn.com time to read: +9 min

But there is still little clarity over how the liquidation of Evergrande will unfold. That’s because the legal systems of Hong Kong and China remain distinct, despite Beijing’s growing control over the former British colony in recent years. No Chinese company as huge as Evergrande — which was once China’s second largest developer— has been wound up by a Hong Kong court. Hui Ka Yan, chairman of property developer China Evergrande. Since then, Evergrande has been building and selling apartments in mainland China, even though it has been unable to repay its debts.

Persons: Alvarez, Marsal, —, ”, John Bringardner, Hong, Hui Ka Yan, Xu Jiayin, Hui, Xiao En, Bobby Yip, Xiao, Evergrande, Florence Lo, homebuyers, Will, Andy Wong, Diana Choyleva, Xiao Yuanqi, ” Bringardner, ” Choyleva, Choyleva, “ Evergrande Organizations: Hong Kong CNN, Shimao, Kaisa Holdings, Group, “, Real, Century Business Herald, China Index Academy, Enodo, Communist Party, China’s, Financial Regulatory Administration, Getty, People’s Bank of China, Finance Ministry, Evergrande, Marsal Locations: Hong Kong, United States, China, British, New York, China . Hong Kong, Shenzhen —, Asia, Florence, Beijing, Real, Hainan

☆ Taipei protests against Beijing’s ‘unilateral’ change of flight path closer to sensitive median line
▼ + stars: | 2024-01-31 | by ( Wayne Chang | ) edition.cnn.com time to read: +2 min

Taipei, Taiwan CNN —Taiwan has protested against China’s “unilateral” adjustment of civil aviation flight routes that could result in civilian aircraft flying closer to the sensitive Taiwan Strait median line, adding pressure on Taipei in its aviation safety and aerial defense. This means all southbound flights will no longer need to veer off six nautical miles to the west from the designated route – as agreed by Beijing and Taipei in 2015 – and can now fly on the original path, bringing the aircraft closer to the median line and the Taipei Flight Information Region. In 2015, China unilaterally declared the operation of M503 route, prompting protests from Taipei. After negotiations with Taipei, Beijing agreed at the time to move the route six nautical miles to the west of its original path. The median line dividing China and Taiwan has been a tacit understanding between both sides not bound by any legal pact.

Persons: China’s, ” Organizations: Taiwan CNN, China’s Civil Aviation Administration, Taiwan’s Civil Aviation Administration, Mainland Affairs Council, MAC, Communist Party Locations: Taipei, Taiwan, Beijing, Shanghai, China, Fuzhou, Xiamen, Fujian province, Matsu, Taiwan Strait

WASHINGTON (AP) — Chinese government hackers are busily targeting water treatment plants, the electrical grid, transportation systems and other critical infrastructure inside the United States, FBI Director Chris Wray will tell House lawmakers on Wednesday in a fresh warning from Washington about Beijing's global ambitions. “China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come to strike,” Wray will say. The comments align with assessments from outside cybersecurity firms including Microsoft, which said in May that state-backed Chinese hackers have been targeting U.S. critical infrastructure and could be laying the technical groundwork for the potential disruption of critical communications between the U.S. and Asia during future crises. The following month, Mandiant said that suspected state-backed Chinese hackers had used a security hole in a popular email security appliance to break into the networks of hundreds of public and private sector organizations globally. The Chinese government has lashed out at the committee, demanding that its members “discard their ideological bias and zero-sum Cold War mentality.”

Persons: Chris Wray, Wray, “, ” Wray, Mandiant, they’re, Mike Gallagher of Organizations: WASHINGTON, Chinese Communist Party, Microsoft, U.S, Republican Rep Locations: United States, Washington, China, Asia, Mike Gallagher of Wisconsin

☆ China Is Targeting U.S. Infrastructure and Could ‘Wreak Chaos,’ F.B.I. Says
▼ + stars: | 2024-01-31 | by ( Glenn Thrush | Adam Goldman | ) www.nytimes.com time to read: +1 min

Christopher A. Wray, director of the Federal Bureau of Investigation, warned on Wednesday that China was ramping up an extensive hacking operation geared at taking down the United States’ power grid, oil pipelines and water systems in the event of a conflict over Taiwan. Mr. Wray, appearing before a House subcommittee on China, offered an alarming assessment of the Chinese Communist Party’s efforts. Its intent is to sow confusion, sap the United States’ will to fight and hamper the American military from deploying resources if the dispute over Taiwan, a major flashpoint between the two superpowers, escalates into a war, he added. Before his testimony, F.B.I. “China’s hackers are positioning on American infrastructure in preparation to wreak havoc and cause real-world harm to American citizens and communities, if or when China decides the time has come to strike,” said Mr. Wray, who pressed the committee to increase funding for the bureau.

Persons: Christopher A, Wray, ” Organizations: Federal Bureau of, Communist, Justice, Volt Typhoon Locations: China, United States, Taiwan, States, Beijing

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