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☆ PDD earnings: Alibaba’s Jack Ma urges reform as rival rattles e-commerce giant
▼ + stars: | 2023-11-30 | by ( Michelle Toh | Laura He | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —Alibaba founder Jack Ma has called for “change” as the stellar performance of a competitor causes a stir at his e-commerce company. On Wednesday, the billionaire responded to a recent rally in the stock of PDD (PDD), the group behind Chinese online shopping giant Pinduoduo and US-based retail upstart Temu. That has pushed up the company’s stock in New York dramatically, taking it 18% higher Tuesday and another 2% higher Wednesday. As a result, PDD’s market cap has soared to $188.3 billion, putting it just below Alibaba’s (BABA) $189.9 billion. I believe that everyone in Alibaba today is watching and listening,” he wrote in a comment, according to the source.

Persons: Hong Kong CNN —, Jack Ma, PDD, Ma, ”, ” “, Chen Lei Organizations: Hong Kong CNN, Temu Locations: China, Hong Kong, New York, Hangzhou, Alibaba, United States, Australia

☆ Taiwan president: China too 'overwhelmed' to consider invasion
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +3 min

REUTERS/Ann Wang/File Photo Acquire Licensing RightsTAIPEI, Nov 30 (Reuters) - China's leadership is too "overwhelmed" with its internal problems to consider an invasion of Taiwan, President Tsai Ing-wen said in an interview with the New York Times. But Tsai, in a transcript of the interview her office published on Thursday, said China had too many issues at the moment. And my thought is that perhaps this is not a time for them to consider a major invasion of Taiwan," she said. Tsai and her government have repeatedly called for talks with China but been rebuffed, as Beijing views Tsai and the ruling Democratic Progressive Party (DPP) as separatists. The DPP's Lai Ching-te, currently vice president, is the frontrunner to be Taiwan's next president according to opinion polls.

Persons: Tsai Ing, Ann Wang, Tsai, Lai Ching, Lai, Hsiao Bi, Chen Binhua, Chiu Tai, Chiu, Ben Blanchard, Stephen Coates Organizations: REUTERS, Rights, New York Times, Democratic Progressive Party, Taiwan Affairs Office, Mainland Affairs Council, Thomson Locations: Taichung, Taiwan, Rights TAIPEI, China, Beijing, United States, Taipei, Lincoln

WASHINGTON (AP) — The last Omer Neutra's parents heard from him, he told them reassuringly that he anticipated a quiet weekend. They would later learn that their son, a dual Israeli-U.S. citizen, had been ambushed and pulled out of his tank. He was taken to Gaza, where he is believed to remain as a hostage more than 50 days later. The Israeli military said Wednesday that Hamas had begun releasing 12 hostages from captivity in Gaza, the sixth release of Israeli hostages under the cease-fire agreement. Several days later, two police officers knocked on their door to tell them that their son had been abducted by Hamas and was in Gaza.

Persons: Omer Neutra's, ”, Orna Neutra, Neutras, Abigail Edan —, “, it’s, Ronen Neutra, Ruby Chen, Itay, we've, wasn't, Chen, Abigail, Joe Biden, she’s, Liz Hirsh Naftali, “ Abigail, Hirsh Naftali, Benjamin Netanyahu, Noa Naftali Organizations: WASHINGTON, ., Capitol, Biden, Hamas Locations: New York, Gaza, Israel, United States, Washington

☆ China's Xi visits financial hub Shanghai
▼ + stars: | 2023-11-29 | by ( ) www.reuters.com time to read: +3 min

Chinese President Xi Jinping attends the Leaders Retreat at the Asia-Pacific Economic Cooperation (APEC) summit in San Francisco, California, U.S., November 17, 2023. REUTERS/Kevin Lamarque Acquire Licensing RightsSHANGHAI, Nov 29 (Reuters) - China President Xi Jinping visited Shanghai, where he went to several venues and learned about the city's efforts to strengthen its competitiveness as an international financial centre, Xinhua news agency reported on Wednesday. Xi made the trip on Tuesday and Wednesday and he inspected the Shanghai Futures Exchange, an exhibition on Shanghai's sci-tech innovations and a government-subsidized rental housing community, the report said. Vice Premier He Lifeng, Shanghai's Communist party secretary Chen Jining and Mayor Gong Zheng also accompanied his visit. It was his first visit to the city since November 2020 and comes a year after historic street protests against China's zero-COVID policy broke out in Shanghai.

Persons: Xi Jinping, Kevin Lamarque, Xi, Cai Qi, Chen Jining, Gong Zheng, Xi's, Premier Li Qiang, Brenda Goh, Bernard Orr, Ella Cao, Ethan Wang, Mark Potter, Louise Heavens, Chizu Nomiyama, Mark Porter Organizations: Economic Cooperation, REUTERS, Rights, Shanghai Futures Exchange, Communist Party of China Central Committee, CPC, Communist, Shanghai Free, Trade, Disney, L'Oreal, Premier, Thomson Locations: Asia, San Francisco , California, U.S, China, Shanghai, Xinhua, Minhang

☆ Apple Is Doing Its Part to End Green Bubble Shaming. It’s Our Turn.
▼ + stars: | 2023-11-29 | by ( Brian X. Chen | ) www.nytimes.com time to read: +1 min

For more than a decade, smartphone users everywhere have faced a major problem in how we communicate: the “green versus blue bubble” disparity. When iPhone users send texts to other iPhones, the messages appear blue and can tap into exclusive perks like fun emojis and animations. But if an iPhone user texts an Android user, the bubble turns green, many features break, and photos and videos deteriorate in quality. Over time, the annoyance and frustration that built up between blue and green bubbles evolved into more than a tech problem. Texts sent between iPhones and Androids will remain green, but images and videos will look higher-quality and security features like encryption may eventually arrive, Apple said.

Persons: Apple Organizations: Apple

☆ American families speak out about Hamas’ ‘psychological warfare’ as they call for loved ones held hostage to be released
▼ + stars: | 2023-11-29 | by ( Jeremy Herb | ) edition.cnn.com time to read: +4 min

The family members were in Washington this week attending a roundtable with the House Foreign Affairs Committee and other meetings. “It’s really tough, it’s really tough,” said Orna Neutra, whose son Omer Neutra is being held hostage. “I think the fact that the families have come together, we each feel collectively that we have 240 new family members,” Chen said. On Wednesday, one American hostage was released, though it was not a member of the five families who spoke to CNN Wednesday. The family members spoke warmly of their relatives and the lives they led before being kidnapped October 7.

Persons: they’ve, Jake Tapper, ”, Ruby Chen, Itay Chen, “, Orna Neutra, Omer Neutra, Omer, He’s, Ronen Neutra, there’s, Liz Hirsh Naftali, Abigail Mor Edan, let’s, ” Chen, Biden, Adi Alexander, Edan Alexander, Edan, Yael Alexander, ” Adi Alexander Organizations: CNN, House Foreign Affairs Locations: Washington , DC, Gaza, Washington, Israel, Tenafly ( New Jersey

☆ DouYu Establishes Management Committee After CEO’s Arrest
▼ + stars: | 2023-11-28 | by ( Will Feuer | ) www.wsj.com time to read: 1 min

Wuhan-based DouYu said last week that Chen Shaojie, its chairman and chief executive, was arrested by police in Chengdu, the capital of Sichuan province. Photo: Imagine China/ReutersDouYu International Holdings said its board has established an interim management committee to oversee operations after the Chinese livestreaming company said last week its chief executive and chairman was arrested. The interim committee includes Chief Strategy Officer Mingming Su, a member of the board, and Hao Cao , a director and vice president at Douyu. Simin Ren, who was named vice president at Douyu last week, also is on the committee.

Persons: DouYu, Chen Shaojie, Mingming Su, Hao Cao, Simin Ren Organizations: Reuters DouYu International Holdings Locations: Wuhan, Chengdu, Sichuan province, China, Douyu

☆ How China's Shein became a fast-fashion giant
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +3 min

A Shein logo is pictured at the company's office in the central business district of Singapore, October 18, 2022. REUTERS/Chen Lin/File Photo Acquire Licensing RightsNov 28 (Reuters) - China-founded fashion company Shein has confidentially filed to go public in the United States, two sources familiar with the matter told Reuters on Monday. Shein says the approach has helped it consistently achieve average unsold inventory rates in the low single digits. At that valuation, Shein would still trail Uniqlo owner Fast Retailing's (9983.T) $80 billion valuation and Zara owner Inditex's (ITX.MC) $126 billion. Shein moved its headquarters to Singapore from Nanjing, capital of China's eastern Jiangsu province, around late 2021, a shift that analysts said helps the firm circumvent China's tough new rules on overseas listings.

Persons: Chen Lin, Shein, Chris Xu, PDD, Inditex's, Miyoung Kim, Stephen Coates Organizations: REUTERS, Reuters, WHO, Shein, Walmart, Thomson Locations: Singapore, China, United States, Europe, Asia, U.S, Swedish, Zara, Nanjing, China's, Jiangsu

The Singapore-based company has not determined the size of the deal or the valuation at IPO. The online fast-fashion retailer, which manufactures most of its merchandise in China, faces criticism that Uyghur forced labor is used to make its low-priced apparel and home goods. Earlier this year, the congresswoman led a bipartisan call for the SEC to halt Shein’s IPO until it verifies that the company does not use forced labor within its supply chain. Shein did not immediately respond to a request for comment, but the company has previously told Reuters it has “zero tolerance for forced labor” and has no contract manufacturers in Xinjiang. Shein's IPO is "going to be raising issues (for the SEC) that may later be applied across the board to all China-based or China-related companies that are going public," Penick said.

Persons: Chen Lin, Shein confidentially, Shein, Jennifer Wexton, Megan Penick, Robinson, Penick, Republican Sen, Marco Rubio, ”, Rubio, Chris Smith, Smith, ByteDance's TikTok, Group's, Katherine Masters, Arriana, Michael Martina, Marguerita Choy Organizations: REUTERS, Bloomberg, Beijing, U.S . Securities, Exchange Commission, SEC, Reuters, Reuters Graphics, Capitol Hill, Republican, Congressional, Commission, Oritain, U.S, Thomson Locations: Singapore, China, New York, U.S, Beijing, Washington, China's Xinjiang, Xinjiang, India

☆ Elephant herd tramples car after baby struck along Malaysian highway
▼ + stars: | 2023-11-28 | by ( Heather Chen | ) edition.cnn.com time to read: +3 min

CNN —A herd of wild elephants in Malaysia trampled on a car traveling along a major highway after it struck a baby in their group, local authorities said Monday. It had been drizzling and foggy at that time, Gerik Police added, and the car was “negotiating a left bend on the highway” when it hit the baby elephant. Authorities did not provide further updates about the condition of the elephant baby. In 2017, a baby elephant was discovered dead on the side of a highway, apparently killed by a car believed to have been speeding, elephant conservation group Management and Ecology of Malaysian Elephants (MEME) said at the time. In 2020, a distressed adult elephant trampled on a car that had been traveling on the same highway as the latest incident.

Persons: ”, Zulkifli Mahmood, “, ” Mahmood, Sylvain CORDIER Organizations: CNN, Gerik Police, Police, Management, Malaysian Locations: Malaysia, Gerik, Malay, Penang, Terengganu, Borneo

☆ How to make your money work for you over the next decade
▼ + stars: | 2023-11-28 | by ( James Faris | William Edwards | ) www.businessinsider.com time to read: +16 min

"If there is a regime shift, then what has worked could be quite different from what does work," McLennan said. That means the growth stocks that dominated for years may come back to earth in the mid-2020s. He also recommends that investors diversify away from growth stocks that thrived under low rates and instead broaden out to value-oriented names. Valuations explain 80% of a stock's returns over a decade, according to Bank of America. Smead sees energy in stocks in Canada also outperforming in the coming decade, as well as European banks.

Persons: —, Peter Bates, Rowe Price, Damanick Dantes, We're, Dantes, you've, He's, Matt McLennan, McLennan, Kimball Brooker, Morningstar, Nicola Stafford, Stafford, it's, Molina, Bates, Russell, Cole Smead, that's, Phillip Colmar, Colmar, Bob Doll, Doll, Smead, Michael Sheldon, Sheldon, who's, there's, Chris Chen, Chen, Roth Organizations: Service, Business, Global, International, McLennan, First Eagle Global Fund, Eagle Investments, Goldman, Asset Management, Stock, Molina Healthcare, Vanguard Value, Healthcare, Bank of America, Comerica Wealth Management, MRB Partners, Canadian, Crossmark Global Investments, BlackRock, Energy, P Bank ETF, RDM Financial, Social Security, Social, Insight Financial, Trust, IRA Locations: Canada, Colmar, United States, Canadian, Europe, Treasuries

"Many protesters experienced being part of a civic collective for the first time," said Huang, who fled to Germany in March after narrowly avoiding detention during protests in Shanghai. Reuters was unable to confirm the total number of protesters detained last year, although some were since released. This year, on the weekend anniversary of the protests, there were no demonstrations in Beijing and Shanghai. During last year's Beijing protests, some demonstrators also called for press freedom, democracy and human rights. Some of the protesters that Reuters spoke to, as well as observers, said the events helped raise awareness of how much political power Chinese people actually wielded.

Persons: Huang, Xi, It's, Li, Li Keqiang, I'm, Laurie Chen, Jessie Pang, Casey Hall, Nicoco Chan, Brenda Goh, Tian, Miral Organizations: Reuters, Washington DC, Thomson Locations: BEIJING, HONG KONG, China, Germany, Shanghai, Beijing, New York, London, Tiananmen, Italy, Guangzhou, Hong Kong

☆ British-Nigerian man pleads guilty in New York to bank hacking crimes
▼ + stars: | 2023-11-28 | by ( ) www.reuters.com time to read: +2 min

A hooded man holds a laptop computer as blue screen with an exclamation mark is projected on him in this illustration picture taken on May 13, 2017. Idris Dayo Mustapha, 33, pleaded guilty to access device fraud, conspiracy to commit computer intrusion and securities fraud, and conspiracy to commit wire fraud at a hearing before U.S. District Judge Pamela Chen in Brooklyn. Mustapha, a native of Lagos, Nigeria, had been arrested in the United Kingdom in August 2021, and was extradited to the United States in August. The case is U.S. v. Mustapha, U.S. District Court, Eastern District of New York, No. Reporting by Jonathan Stempel in New York; Editing by Cynthia OstermanOur Standards: The Thomson Reuters Trust Principles.

Persons: Idris Dayo Mustapha, Pamela Chen, Mustapha, Jonathan Stempel, Cynthia Osterman Organizations: U.S . National Security Agency, Nigerian, U.S, Prosecutors, Court, Eastern District of, Thomson Locations: British, New York, Brooklyn, Mustapha, Lagos, Nigeria, United Kingdom, United States, U.S, Eastern District, Eastern District of New York

☆ Slowing China still leads the race for commodities
▼ + stars: | 2023-11-28 | by ( Yawen Chen | ) www.reuters.com time to read: +7 min

"When it comes to copper, the thinking usually goes that copper equals property, property equals China," said one commodities trader. "And because China property is down, copper must be down too." That’s why China's copper demand will still rise by 4 million tonnes from the 2020 level to around 18 million tonnes per year in 2030, according to estimates by commodity trading group Trafigura. And China's copper demand has grown by 8% this year, faster than the 5% Xi is targeting for overall GDP growth. China's annual aluminium demand rose by 18 million tonnes from 2010 to 2020 and is forecast to grow by another 13 million tonnes to over 50 million tonnes a year in 2030, per Trafigura.

Persons: Xi Jinping, Communist Party’s, Wood Mackenzie, Francesco Guerrera, Katrina Hamlin, Thomas Shum Organizations: Reuters, HK, Communist, Shanghai Futures Exchange, London Metal Exchange, ING, International Monetary Fund, IMF, World Bank, Reuters Graphics Reuters, Oxford, HSBC, Democratic, Thomson Locations: SINGAPORE, China, Washington, Moscow, Taiwan, Shanghai, Republic, United States, Australia, Beijing, Chile, Indonesia, Democratic Republic of Congo

☆ New Zealand’s new government scraps world-leading smoking ban to fund tax cuts
▼ + stars: | 2023-11-28 | by ( Heather Chen | ) edition.cnn.com time to read: +4 min

A year after passing a world-leading smoking ban designed to save thousands of lives and prevent new generations of young adults from smoking, New Zealand has announced a u-turn to help pay for tax cuts, infuriating public health officials and anti-tobacco groups. Marty Melville/AFP/Getty ImagesNew Zealand’s initial smoking ban was hailed by public health officials around the world. Months after New Zealand’s announcement, Britain also unveiled plans to phase out smoking for new generations. A spokesperson for British Prime Minister Rishi Sunak said that the British government remained committed to phasing out smoking, even after New Zealand’s reversal. The anti-smoking group Health Coalition Aotearoa (HCA) expressed disappointment at the new coalition’s plans to repeal the smoking ban.

Persons: Chris Luxon, Luxon, Christopher Luxon, Marty Melville, Rishi Sunak, ”, Nicola Willis, Saturday, Mario Tama, Ayeshea Verrall, “ What’s, ” Verrall Organizations: CNN, National Party, New Zealand First, ACT New, Radio New Zealand, Government House, Getty, British, World Health, Radio New, Health Coalition Aotearoa, New Zealanders Locations: New Zealand, ACT New Zealand, Wellington, AFP, Britain, Los Angeles , California, Radio New Zealand, New

☆ The 'Korea discount': Value stock or value trap?
▼ + stars: | 2023-11-28 | by ( Lim Hui Jie | ) www.cnbc.com time to read: +6 min

A cameraman takes video footage of a stock index board showing South Korea's benchmark stock index (L) after a ceremony celebrating the New Year's opening of the South Korea stock market at the Korea Exchange in Seoul on January 2, 2023. Chaebol challengeIn South Korea, most market heavyweights are corporations called "chaebols," large family-owned global conglomerates that are usually controlled by the founder's family. However, IHS Markit highlighted in June last year that in South Korea, the ex-dividend date comes before the companies' dividend announcement dates. With such challenges, should investors be putting their money into South Korea stocks — or should they stay away? "If authorities continue to improve the investment environment further, the chances for the South Korean stock index to be included in the [MSCI World Index] will grow," he said.

Persons: Jung Yeon, JUNG YEON, Vikas Pershad, Jiang Zhang, Jeremy Tan, Zhang, Hebe Chen, Chen, Ryota Abe Organizations: South, Korea Exchange, Getty, Management, North, CNBC, Samsung Electronics, LG, SK, Hyundai, Samsung, Tiger Fund Management, IHS, South Korea's Financial Services Commission, IG International, Sumitomo Mitsui Banking Locations: South Korea, Korea, Seoul, North Korea, Korea's, Southeast Asia

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

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

☆ First testimonies shed light on the conditions endured by Hamas’ Israeli hostages
▼ + stars: | 2023-11-27 | by ( Rob Picheta | Joseph Ataman | ) edition.cnn.com time to read: +6 min

CNN —For more than six weeks, the conditions in which the Israeli hostages captured by Hamas were being held in Gaza were virtually unknown to the outside world. Over the first three days of the truce, Hamas released a total of 58 hostages, primarily women and children, and Israel freed 117 Palestinian prisoners. A Red Cross convoy carrying Israeli and foreign hostages heads to Egypt from the Gaza Strip on Sunday. Eighty-four-year-old Alma Avraham, who was among the Israeli hostages freed from Gaza on Sunday, has been admitted to the intensive care unit, Israel’s Soroka Medical Center said. CNN has previously reported that an estimated 40 to 50 of the hostages were held by Palestinian Islamic Jihad or other groups or individuals.

Persons: Adar, Yafa, “, ” Adva, Rice, Keren Munder, pita, Merav Mor Raviv, Munder, Mor Raviv, Fatima Shbair, Wichanguen, Vetoon Phoome, Alma Avraham, ”, Shlomi Codish, Yelena Magid, Roni Kriboy, Magid, ” Magid, Kriboy, Omri Almog, Chen Goldstein, Tal, ” Almog, Yam, Nadav, Israel – Organizations: CNN, Cross, Medical, Soroka Medical, Monday, Kan, Hamas, Palestinian Locations: Gaza, Israel, Egypt, Russian, Kriboy

☆ Jefferies discusses China's probe into shadow bank Zhongzhi
▼ + stars: | 2023-11-27 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJefferies discusses China's probe into shadow bank ZhongzhiShujin Chen, China economist and head of China financial and property research at Jefferies, discusses the country's shadow banking sector, which she says is "largely affected by the property developers' default."

Persons: Jefferies, Shujin Chen Organizations: Jefferies Locations: China

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

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

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

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

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

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

☆ China warns South Korea not to politicise economic issues
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +2 min

South Korean Foreign Minister Park Jin, right, talks with his Chinese counterpart Wang Yi prior to a meeting in Busan, South Korea, Sunday, Nov. 26, 2023. "China and South Korea have become cooperation partners with highly integrated interests and highly interconnected production and supply chains," Wang told South Korean Foreign Minister Park Jin, according to a Chinese foreign ministry readout. "Both sides should jointly resist the tendency to politicise economic issues, instrumentalise science and tech issues, and the broad securitisation of trade issues." South Korea has sought to avoid becoming embroiled in a tit-for-tat row between China and the United States over semiconductors. "China is willing to jointly promote the restart of revamped trilateral cooperation with South Korea and Japan," Wang said on Sunday.

Persons: Park Jin, Wang Yi, Ahn Young, Wang, Xi Jinping, Joe Biden, Yoon Suk Yeol, Fumio Kishida, Biden, Laurie Chen, William Mallard Organizations: South Korean Foreign, REUTERS Acquire, Rights, South Korean, U.S, Samsung Electronics, SK Hynix, South, Thomson Locations: Busan, South Korea, Rights BEIJING, China, Korea, United States, Japan, Beijing, Washington, Tokyo, Seoul

☆ China pledges deeper trade ties with Vietnam
▼ + stars: | 2023-11-26 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Nov 26 (Reuters) - Chinese Commerce Minister Wang Wentao pledged to deepen bilateral trade ties with Vietnam during a meeting with Vietnamese Prime Minister Pham Minh Chinh in Ho Chi Minh City on Saturday, China's commerce ministry said. China and the United States have been jostling for influence among Southeast Asian nations including Vietnam, which in September elevated its ties with Washington to a comprehensive strategic partnership, putting its one-time enemy on par with Beijing and Moscow. Chinese Vice Foreign Minister Sun Weidong held "frank and friendly talks" on bilateral ties, land borders and maritime issues with Vietnam's Deputy Foreign Minister Nguyen Minh Vu in Hanoi earlier this month. Wang also met Ho Chi Minh City's Vietnamese Communist Party secretary Nguyen Van Nen on Saturday, the Chinese commerce ministry said. Reporting by Laurie Chen; Editing by Edmund KlamannOur Standards: The Thomson Reuters Trust Principles.

Persons: Wang Wentao, Pham Minh, Wang, Sun Weidong, Nguyen Minh Vu, Xi Jinping, Ho, Nguyen Van Nen, Laurie Chen, Edmund Klamann Organizations: Commerce, Vietnamese, Beijing, Foreign, Vietnam's, Reuters, Communist Party, Thomson Locations: BEIJING, Vietnam, Ho Chi Minh City, China, United States, Washington, Moscow, Hanoi

☆ China Warns South Korea Not to Politicise Economic Issues
▼ + stars: | 2023-11-26 | by ( Nov. | At A.M. | ) www.usnews.com time to read: +2 min

"China and South Korea have become cooperation partners with highly integrated interests and highly interconnected production and supply chains," Wang told South Korean Foreign Minister Park Jin, according to a Chinese foreign ministry readout. "Both sides should jointly resist the tendency to politicise economic issues, instrumentalise science and tech issues, and the broad securitisation of trade issues." South Korea has sought to avoid becoming embroiled in a tit-for-tat row between China and the United States over semiconductors. "China is willing to jointly promote the restart of revamped trilateral cooperation with South Korea and Japan," Wang said on Sunday. In September, senior officials from the three countries agreed to arrange a trilateral summit at the "earliest convenient time".

Persons: Wang Yi, Wang, Park Jin, Xi Jinping, Joe Biden, Yoon Suk Yeol, Fumio Kishida, Biden, Laurie Chen, William Mallard Organizations: South Korean, South Korean Foreign, U.S, Samsung Electronics, SK Hynix, South Locations: BEIJING, China, South Korea, Korea, United States, Japan, Beijing, Washington, Tokyo, Seoul, Busan

☆ Israel confirms 17 hostages released, including four-year-old American girl
▼ + stars: | 2023-11-26 | by ( Rebecca Picciotto | ) www.cnbc.com time to read: +5 min

The Israeli Prime Minister's office confirmed that 17 hostages held by Hamas in Gaza were released on Sunday, including four-year-old Israeli-American Abigail Mor Edan. The Prime Minister's office said that 14 of the individuals were Israeli citizens, while the other three were foreign nationals. Fifty Hamas hostages are due to be freed over the four days under the terms of an agreement between Israel and Hamas. In the first two days of the temporary cease-fire, 24 hostages were released from Gaza in exchange for 39 Palestinian prisoners. There is a clause within the current Israel-Hamas agreement that would extend the military pause if Hamas agrees to release additional hostages beyond the initial 50.

Persons: Abigail Mor Edan, Abigail Edan, Alma Avraham, Aviva Adrian Siegel, Ron Cariboy, Hagar Brodetz, Yuval Brodetz, Uriah Brodetz, Chen Goldstein Almog, Agam Goldstein Almog, Gal Goldstein Almog, Tal Goldstein Almog, Ella Elikim, Joe Biden, Abigail, she's, Liz Hirsh Naftali, Noa Naftali, Edan's, Biden, presser, Jake Sullivan, Sullivan, Sheikh Mohammed bin Abdulrahman Al Thani, Ronen Neutra, Omer Neutra, Orna, We're, Omer's Organizations: Aviva, United States National, Qatari, CBS, U.S, Hamas, Israel Defense Forces, Press Locations: Israel, Rafah, Gaza, Israeli, Qatar, Egypt, Long Island , New York

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