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DOHA, Qatar (AP) — Twins Wang Liuyi and Wang Qianyi added to their artistic swimming medal haul at the World Aquatics Championships with a narrow victory in the duet free routine on Thursday. The 27-year-old Chinese stars claimed gold with 250.7729 points, edging another set of twins, Bregje and Noortje de Brouwer of the Netherlands, at 250.4979. The Wang sisters have each won four gold medals in Doha. They also paired up to claim the top spot in duet technical routine, and were both members of the Chinese squad that claimed gold in team acrobatic and team technical. The Hungarian squad of Bettina Fábián, Mira Szimcsák, Dávid Betlehem and Kristóf Rasovszky settled for the bronze in 1:04:06.80.
Persons: Wang Liuyi, Wang Qianyi, Noortje de Brouwer, Kate Shortman, Isabelle Thorpe, Wang, Moesha Johnson, Chelsea Gubecka, Nicholas Sloman, Kyle Lee, Lee, Domenico Acerenza's, Giulia Gabbrielleschi, Arianna Bridi, Domenico Acerenza, Bettina Fábián, Mira Szimcsák, Dávid, Kristóf Rasovszky, ___ Organizations: , Doha Old Locations: DOHA, Qatar, Netherlands, Doha, Australia, Italy, Doha Old Port
UOB Kay Hian discusses outlook for China's stock markets
  + stars: | 2024-02-07 | 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 EmailUOB Kay Hian discusses outlook for China's stock marketsQi Wang, UOB Kay Hian chief investment officer for wealth management, says foreign money in onshore China markets isn't significant, but "it does have a big psychological effect."
Persons: UOB Kay Hian, Qi Wang Locations: China
BEIJING (Reuters) - China hopes South Korea will pursue a "positive, objective and friendly" policy towards Beijing, foreign minister Wang Yi said in a phone call with his South Korean counterpart on Tuesday. China and South Korea have close economic ties, and should work together to maintain the stability and smooth flow of industrial and supply chains, China's foreign ministry quoted Wang as saying in a statement. During the phone call, South Korean foreign minister Cho Tae-yul asked China to play a "constructive role" in curbing North Korea's military threats, and to help North Korean defectors not to be sent back home against their will, South Korea's foreign ministry said in a statement. Wang has invited Cho to China and both countries would continue to discuss Cho's visit, the ministry said. (Reporting by Ethan Wang, Ella Cao, Ryan Woo and Ju-min Park; Editing by Alison Williams and Stephen Coates)
Persons: Wang Yi, Wang, Cho Tae, yul, Cho, Ethan Wang, Ella Cao, Ryan Woo, Alison Williams, Stephen Coates Organizations: South Korean Locations: BEIJING, China, South Korea, Beijing, North
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
TAIPEI (Reuters) - Taiwanese companies are not being affected much by disruptions to the key shipping lane of the Red Sea as it has coincided with the traditional low season in demand for exporters, Economy Minister Wang Mei-hua said on Monday. Some shipping companies have suspended transit along the Red Sea route to avoid being attacked by Yemen's Iranian-backed Houthi group, which has launched waves of exploding drones and missiles at vessels since November in response to Israel's military operations in Gaza. The Houthi attacks have primarily targeted container vessels moving through the Red Sea. Taiwanese container shipping line Evergreen Marine said in December that ships scheduled to pass through the Red Sea would be rerouted around Africa's Cape of Good Hope. Speaking to reporters in Taipei, Wang said her ministry had spoken with 14 industry groups as well as companies to gauge the impact of the Red Sea disruptions.
Persons: Wang Mei, Good Hope, Wang, Ben Blanchard, Sonali Paul Organizations: Evergreen Locations: TAIPEI, Gaza, Africa's, Good, Taipei, Israel, Europe, Ukraine, Taiwan
DOHA, Qatar (AP) — Twins Wang Liuyi and Wang Qianyi teamed up to capture another gold medal for China in artistic swimming at the World Aquatics Championships on Monday. The 27-year-old sisters won the women's duet technical routine with a score of 266.0484 points. The country's only other medal in artistic swimming was Shortman's solo free bronze at last summer's championships in Fukuoka. Photos You Should See View All 45 ImagesThe Wangs were back on top in duet technical after a disappointing fourth-place showing at Fukuoka. Artistic swimming is split into 11 medal-winning opportunities at the world championships.
Persons: Wang Liuyi, Wang Qianyi, Kate Shortman, Isabelle Thorpe, Spain's Alisa Ozhogina Ozhogin, Iris Tio Casa, Italy's Linda Cerruti, Lucrezia Ruggiero, ___ Organizations: , China Locations: DOHA, Qatar, Doha, Fukuoka, Budapest, Japan
Chinese stocks have given up much of their recent gains as investors debate whether the bottom is really in. They screened for names with more than $1 billion in capitalization and expectations for earnings growth in the next two years. Such signals come at a time when Chinese stocks have sold off sharply. Chinese stocks – whether measured by those that trade in the mainland, Hong Kong or U.S. – have fallen for more than two years. "In the past Chinese companies grew rapidly, many companies' results grew exponentially," he said in Mandarin, translated by CNBC.
Persons: Evercore, Rachel Wang, Clocktower, Ye Yuhua, — CNBC's Michael Bloom Organizations: People's Bank of China, Seng Index, Shanghai, Morningstar, CNBC, Baidu, Li Auto Locations: U.S, Beijing, Hong Kong, China, Shanghai, Guangzhou
To find the dance circle in the bed-and-breakfast’s courtyard, drive north from the bedsheet factory converted into a crafts market, toward the vegan canteen urging diners to “walk barefoot in the soil and bathe in the sunshine.” If you see the unmanned craft beer bar where customers pay on the honor system, you’ve gone too far. Welcome to the Chinese mountain city of Dali, also sometimes known as Dalifornia, an oasis for China’s disaffected, drifting or just plain curious. The city’s nickname is a homage to California, and the easy-living, tree-hugging, sun-soaked stereotypes it evokes. It is also a nod to the influx of tech employees who have flocked there since the rise of remote work during the pandemic, to code amid the picturesque surroundings, nestled between snow-capped, 10,000-foot peaks in southwest China, on the shores of glistening Erhai Lake.
Persons: you’ve Locations: Dali, California, China, glistening
CNN —A former Trump administration official who was shot in a deadly string of carjackings in Washington, DC, earlier last week died Saturday, the DC Metropolitan Police Department said in a statement. Michael Gill, 56, was inside his vehicle parked at Mount Vernon Square on Monday when the suspect, identified as 28-year-old Artell Cunningham, got inside the vehicle and shot him, police said. Cunningham shot Vasquez dead and fled the scene in his vehicle before officials say he conducted two more carjacking incidents in Prince George’s County the following morning, MPD Executive Assistant Chief Jeffery Carroll said at a Tuesday news conference. Cunningham was eventually stopped and was fatally shot by two New Carrollton police officers in Maryland on Tuesday. Before his death, Michael Gill worked for the Housing Policy Council, a real estate trade association, for several years, the organization’s president, Ed DeMarco, confirmed in a statement.
Persons: CNN —, Michael Gill, Artell Cunningham, Cunningham, Alberto Vasquez Jr, Vasquez, Jeffery Carroll, Carroll, ” Gill, Donald Trump’s, Kristina, , Mike, ” Kristina Gill, Ed DeMarco, ” DeMarco, CNN’s Rashard Rose Organizations: CNN, Trump, DC Metropolitan Police Department, Mount, New Carrollton, US, Futures, Commission, Housing, Council Locations: Washington ,, George’s County, Maryland
Opinion | Only America Can Save the Future
  + stars: | 2024-02-03 | by ( Ross Douthat | ) www.nytimes.com   time to read: +1 min
Every new year Dan Wang, a technology analyst with an East Asia-based economics research firm and a gifted observer of contemporary China, writes a long, reflective letter about the year just past, mixing analysis with personal experience. But after years of Zero Covid policy, with China’s economy disappointing and its political culture constricting, Wang writes that it’s increasingly “evolved to mean emigrating from China altogether.”The lucky escapees are the ones who can move legally to Europe or America. The boldest are the ones traveling to Latin America and braving the Darien Gap to reach Mexico and then the United States; the migrant surge at our southern border, Wang notes, now includes thousands of Chinese nationals each month. He came away from the experience feeling a bit more optimistic about China’s uncertain future. “The China of the future will not look like the China ruled by old men today,” he writes, and some of the creative Chinese kids hanging out in Thailand may “do good things for the China they’ll one day inherit.”
Persons: Dan Wang, Zero, Wang, it’s, Locations: East Asia, China, Europe, America, Darien, Mexico, United States, Singapore, Japan, Thailand
“I feel like I’m in a fairy tale,” Sean Wang said to the sold-out crowd gathered at the Ray Theater in Park City, Utah, last month for his Sundance Film Festival debut. Mr. Wang, a 29-year-old filmmaker, was dressed in a black suit and white Vans (a nod to his skateboarding roots). He grabbed his chest in a show of how fast his heart was beating as he introduced his film, “Didi.” It is a coming-of-age story about an angsty, insecure 13-year-old Taiwanese American boy trying to find his place in the world. “I’m just going to take a few seconds to take this all in,” he said before snapping a photograph of the audience. The warm crowd included Mr. Wang’s family and friends, the film’s cast and crew, and a handful of potential buyers who have the power to transform his station in life from aspiring filmmaker to bona fide Hollywood director.
Persons: ” Sean Wang, Wang, “ Didi, “ I’m, , Wang’s Organizations: Ray, Sundance Film, Hollywood Locations: Park City , Utah
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
John Chambers grew up in West Virginia and went on to run what was once the world’s most valuable company, the computer networking firm Cisco Systems Inc. Now he is trying to help economically lagging West Virginia by making it a “start-up state” akin to Israel, which has been called the start-up nation. I interviewed Chambers recently about his hopes and the magnitude of the challenge. Chambers was born in 1949 while his parents were in medical school at Case Western Reserve University in Cleveland. He grew up mostly in Charleston, W.Va., and earned a bachelor’s degree and a law degree from West Virginia University. Chambers became a salesperson for IBM, then for Wang Laboratories, before joining Cisco in 1990, six years after the company was founded in Silicon Valley.
Persons: John Chambers, Chambers, Organizations: Cisco Systems Inc, Case Western Reserve University, West Virginia University, Mountain, IBM, Wang Laboratories, Cisco, JC2 Ventures, John, John Chambers College of Business Locations: West Virginia, Israel, Cleveland, Charleston, W.Va, Mountain State, Ravenswood, , Silicon Valley, mater
China and the United States are back at the negotiating table. Days later, in Beijing, officials restarted long-stalled talks on curbing the flow of fentanyl to the United States. And the White House says Mr. Biden plans to speak by phone with China’s leader, Xi Jinping, in the spring. The developments point to a tentative détente struck by Mr. Biden and Mr. Xi at a summit near San Francisco in November — and both the potential and the limitations of that thaw in relations. In the meetings, they have pushed a new catchphrase, the “San Francisco Vision,” claiming that Mr. Xi and Mr. Biden agreed at the summit to stabilize relations and put competition aside.
Persons: Mr, Biden, Xi Jinping, Xi Organizations: San Francisco Vision Locations: China, United States, Bangkok, China’s, Korea, Iran, Beijing, San Francisco,
Chinese leader Xi Jinping promised President Joe Biden in a brief in-person exchange in November that Beijing would stay out of the 2024 US election, CNN reported. AdvertisementBiden was the one who broached the subject with Xi, one of the sources told CNN. Foreign election interference has increasingly been in the spotlight in the US, especially in the wake of the Russian hacking controversy in the 2016 election. We oppose making China an issue based on election politics," the Chinese Foreign Ministry told CNN when asked for comment. AdvertisementAt the time, China's Foreign Ministry called the accusations "groundless and fabricated out of thin air."
Persons: Xi Jinping, Joe Biden, Xi, Biden, Wang Yi, Jake Sullivan, Sullivan, Wang Wenbin Organizations: CNN, Economic Cooperation, Chinese, White House National, Foreign Ministry, Foreign, Ministry Locations: Beijing, Asia, San Francisco, China, Bangkok, United States, Iran, Russia, Cuba
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
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
Hong Kong CNN —Heavy snow and rain is forecast to hit central and eastern China in the coming days, threatening travel plans for hundreds of millions of Chinese workers heading home for the Lunar New Year. However, Xu Jun, chief forecaster from the Central Meteorological Observatory, told CCTV the forecast snowfall won’t be as heavy or widespread as that experienced around the holiday season 16 years ago. “The rain and snow overlap with the peak period of Spring Festival travel. This has posed risks to safe (travel) and brought inconvenience to the transportation,” weather expert Wang Lijuan, from China Meteorological Administration, told CCTV. Xu, from the Central Meteorological Observatory, told CCTV freezing rain could affect many provinces over an area as wide as 43,000 square kilometers (16,600 square miles).
Persons: Xu Jun, Wang Lijuan, Xu Organizations: Hong Kong CNN, Central Meteorological Observatory, Meteorological, Festival, China Meteorological Administration, Central Meteorological Locations: Hong Kong, China, Hebei, Henan, Shandong, Liaoning, Hubei, Zhengzhou, China's, Xinjiang, Anhui, Weibo, Mohe, Heilongjiang
Johannes Neudecker | Picture Alliance | Getty ImagesChina's factory activity expanded for a third-straight month in January, a private-sector survey showed on Thursday, helped by the first expansion in new export orders in seven months. Thursday's print though, extended a divergence from official data that points to the patchy growth in the world's second-largest economy and underscores the need for policy support. China's National Bureau of Statistics released data Wednesday that showed the country's official manufacturing PMI coming in at 49.2 in January, a fourth consecutive monthly contraction — compared with 49 in December. The Caixin manufacturing PMI surveys around 650 private and state-owned manufacturers that tend to be more export-oriented and located in China's coastal regions, while the official PMI surveys 3,200 companies across China. Employment in China's manufacturing sector trended down in the official survey released Wednesday as in the Caixin survey.
Persons: Johannes Neudecker, Wang Zhe, Wang Organizations: Getty, P Global, National Bureau of Statistics, Overseas, Caixin Insight Locations: China
Officials cautioned that there is no sense that Tehran’s growing wariness is likely to change its broader strategy of supporting proxy attacks on US and Western targets — although it could signal adjustments around the margins. But officials do believe that Iran is pursuing a calibrated approach to the conflict that is designed to avoid sparking all-out war. But some current and former US officials are skeptical that Iran will substantively change its tactics. ‘Varying degress of loyalty’The escalations also underscore the varying degrees of control that Iran actually has over its proxy groups. Among the groups, Iran has the least amount of operational control over the Houthis in Yemen, multiple officials told CNN.
Persons: Biden, Bill Burns, Norm Roule, Roule, , Fadel, Ahmad Al, Jonathan Lord, , ” Lord, Israel “, Hossein, Mohammed Hamoud, Wang Yi, Jake Sullivan, Iran ”, we’re Organizations: Militant, Iranian, CNN, White, CIA, Foreign Affairs, Getty, Middle East Security, Center, New, US Navy, Islamic Revolutionary Guard Corps, US, Anadolu Agency, Command, UN, Chinese Foreign, White House Locations: Jordan, Iran, Iraq, Syria, Yemen, United States, Tehran, China, India, Gaza, Europe, Baghdad, AFP, New American, Israel, Africa, Beijing, Bani, Sanaa, Red, Somalia, Bangkok, “ Beijing
“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
Aly Song | ReutersBEIJING — More U.S. companies are finding it harder to make money in China than before the pandemic, raising concerns that businesses may not stay long. "It is concerning when our member companies are not profitable," Michael Hart, AmCham China president, told reporters Thursday. It found that by far, the main reason for respondents to increase investment in China was to remain competitive there. Asked Thursday about those efforts, AmCham China Chair Sean Stein noted the measures incorporate suggestions from foreign business chambers in China, but AmCham would like Beijing "to make more tangible progress." Rising U.S.-China tensions were the top concern for members for a fourth-straight year, the AmCham survey found.
Persons: Aly Song, Michael Hart, Michael Hart AmCham, Hart, Wang Wentao, Sean Stein, Stein, AmCham Organizations: Bund, Reuters, Reuters BEIJING —, American Chamber of Commerce, of Commerce, German Chamber of Commerce, Commerce, U.S Locations: Shanghai, China, Reuters BEIJING, U.S, Beijing, Michael Hart AmCham China
Chinese Minister of Public Security Wang Xiaohong (C) announces the launch of the U.S.-China Counternarcotics Working Group next to U.S. Deputy Assistant to the President and Deputy Homeland Security Advisor Jen Daskal (center L) at the Diaoyutai State Guesthouse in Beijing on January 30, 2024. Ng Han Guan | Afp | Getty ImagesBEIJING — The U.S. and China had a "productive" first day of talks in Beijing about the fentanyl crisis, Jennifer Daskal, a deputy homeland security advisor, told NBC News' Janis Mackey Frayer in an exclusive interview Tuesday. "We're looking for results and we had a productive step forward," Daskal said, while acknowledging the risk that China could use its sway over the fentanyl supply chain as a bargaining chip. Daskal, leader of the White House delegation for this week's high-level talks, said the diversity of representatives from both sides "showed a real commitment." "We will know if it works if we start seeing the supply of precursor drugs diminish, if we start seeing the supply of pill presses and other equipment diminish," Daskal said.
Persons: of Public Security Wang Xiaohong, Jen Daskal, Ng, Guan, Jennifer Daskal, Janis Mackey Frayer, Daskal, Joe Biden, Xi Jinping, Wang Xiaohong, Wang, Biden, Hua Zhendong, Mackey, Hua, Yu Haibin, Yu, NBC's Mackey Frayer Organizations: of Public Security, U.S ., Homeland, Getty, NBC News, National Narcotics Control Commission, Public Security, Public Security's Institute of Forensic Science, China -, Counternarcotics, White House, International Narcotics Control Locations: U.S, China, Diaoyutai, Beijing, Afp, BEIJING, The U.S, Mexico, Washington, San Francisco
Hong Kong CNN —China has expelled a leading rocket scientist from its top political advisory body, the latest sign of a widening purge in the Chinese military’s missile force and aerospace contractors. Wang, 54, until recently led the China Academy of Launch Vehicle Technology (CALT), a prestigious state-run institute known as the birthplace of China’s aerospace industry. Wang spent his nearly three-decades-long career designing rockets at the CALT, a subsidiary of the main contractor of the Chinese space program, the state-owned China Aerospace Science and Technology Corporation. In December, three aerospace executives, including the chairman of China Aerospace Science and Technology Corporation – were stripped of their roles in the CPPCC. In July, the Rocket Force abruptly replaced its two leaders, the commander and the political commissar, with no explanation.
Persons: Wang Xiaojun, Wang, Xi Jinping, Xi, ” Wang, Qian Xuesen Organizations: Hong Kong CNN, Political Consultative, Xinhua, China Academy of Launch Vehicle Technology, China Aerospace Science, Technology Corporation, People’s Liberation Army, Rocket Force, Communist Locations: Hong Kong, China, Beijing, , Hunan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailBullish on Nvidia, we see the best AI plays in the peripheral space: Portfolio managerChris Wang of CloudAlpha Capital Management says Nvidia's growth prospect isn't fully priced in its stock price yet. He also shares where else he sees good investment opportunity along the AI theme.
Persons: Chris Wang Organizations: Nvidia, CloudAlpha Capital Management
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