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Zhang Yaoyu, PCI's global head of LNG trading, declined to comment on the company's traded volume, but said trading was part of the company's overall strategy. By 2026, Chinese companies are expected to have contracted LNG supplies of more than 100 million tons a year. That could mean a surplus of up to 8 million tons that year, according to consultancy Poten & Partners, or a deficit of 5 million to 6 million tons based on estimates from pricing agency ICIS. Qatar, which will be China's largest supplier for 2026, however, offers traditional LNG contracts that are restricted to a single destination or country. These openings in the market and a more liberalised domestic gas market have also prompted smaller Chinese gas distributors and importers to expand into the trading space.

Persons: Dado Ruvic, Toby Copson, Copson, it's, Zhang Yaoyu, Zhang, Jason Feer, Feer, Chen Aizhu, Emily Chow, Marwa Rashad, Yuka Obayashi, Tom Hogue Organizations: REUTERS, 2026 Companies, Shell, BP, International Energy Agency, Offshore Oil Corp, China Gas Holdings, HK, Qatar, Trident LNG, Sinochem, PetroChina International, Poten, Partners, Rystad Energy, Reuters Graphics Reuters, Reuters, PCI, U.S, Beijing Gas, Zhejiang Energy, JOVO Energy, Thomson Locations: Qatar, US, Europe, Asia SINGAPORE, London, Singapore, U.S, Oman, Canada, Mozambique, Shanghai, China, Japan, Beijing, Central Asia, Russia, Southeast Asia, South Korea, Ukraine, ENN, Tokyo

☆ China's livestreaming attracts young hopefuls as competition grows
▼ + stars: | 2023-08-15 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +3 min

A day in the life of a livestreaming host like Zhang can include more than six hours of talking almost non-stop to camera, time spent on hair, make-up, and on post-broadcast debriefs. I can pick up my phone and I'm livestreaming," Zhang said. The livestreaming industry employed 1.23 million hosts as of 2020, according to iResearch, and a pandemic era boom in livestream sales helped the industry to generate $480 billion in business in China last year. To facilitate an increasingly professional and competitive livestreaming landscape, agencies have sprung up to train stables of young hosts and connect suitable anchors with brands. Indeed, the way brands approach livestreaming in China has also quickly evolved.

Persons: Zhang Jinyu, Zhang, Bytedance's, Shining Li, Shi Jianing, Hugo Boss, Casey Hall, Robert Birsel Organizations: Romomo, Thomson Locations: SHANGHAI, China, Shanghai

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang

☆ Taiwan steeling itself for Chinese drills over VP's US visit
▼ + stars: | 2023-08-11 | by ( Yimou Lee | ) www.reuters.com time to read: +5 min

The United States has described the stopovers as routine and no reason for China to take "provocative" action. Neither Taiwan nor the United States have given details of Lai's schedule on his stopovers. That includes the prospect of a visit to the United States by Chinese Foreign Minister Wang Yi, which could pave the way for a meeting between U.S. President Joe Biden and Chinese President Xi Jinping. Taiwan believes the scale of the exercises could be smaller than those in April, the Taiwanese official said. Chinese state television this month ran an eight-part series on the People's Liberation Army, some of which focused on Taiwan.

Persons: William Lai's stopovers, Lai, Tsai Ing, Kevin McCarthy, Biden, Wang Yi, Joe Biden, Xi Jinping, China, Jeff Liu, Yimou Lee, Ben Blanchard, Liz Lee, Michael Martina, Robert Birsel Organizations: United, House, Taiwan Affairs Office, People's Liberation Army, China's Eastern Theatre Command, Reuters, Chinese Foreign, American Institute, The U.S . State Department, Thomson Locations: TAIPEI, China, Taiwan, United States, U.S, Beijing, Los Angeles, Taiwan Strait, New York, Paraguay, San Francisco, stoke, Virginia, The, Taipei, Washington

☆ China's Li Auto aims to outsell BMW, Mercedes, Audi in its home market in 2024
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +2 min

People stand near the logo of Chinese electric vehicle (EV) maker Li Auto at a product launch event in Beijing, China May 25, 2021. REUTERS/Yilei Sun/File PhotoSHANGHAI, Aug 9 (Reuters) - Li Auto (2015.HK) said it aimed to outsell BMW (BMWG.DE), Mercedes-Benz (MBGn.DE) and Audi in China in 2024 as the up and coming Chinese automaker accelerates rollouts of new models and ramps up production. The company will launch four new models next year including three EVs, he said. But Li Auto managed to gain market share in the segment of cars priced above 300,000 yuan and grow profits this year with four extended-range hybrid vehicles targeting family users. ($1 = 7.2134 Chinese yuan renminbi)Reporting by Zhang Yan, Brenda Goh; Editing by Simon Cameron-MooreOur Standards: The Thomson Reuters Trust Principles.

Persons: Li, Li Auto, Li Xiang, Tesla, Zhang Yan, Brenda Goh, Simon Cameron, Moore Organizations: REUTERS, Yilei, HK, BMW, Mercedes, Benz, Audi, Li Auto, China Association of Automobile Manufacturers, Thomson Locations: Beijing, China

☆ Sjoestroem wins fifth straight butterfly title at world championships
▼ + stars: | 2023-07-29 | by ( ) www.reuters.com time to read: +2 min

The 29-year-old Sjoestroem touched the wall in 24.77 seconds to deny Zhang, who was 0.28 seconds behind, while Gretchen Walsh of the United States took bronze. Australia's Cameron McEvoy then won the men's 50m freestyle gold in a superb time of 21.06 seconds, beating silver medallist Jack Alexy of the U.S. by 0.51 seconds. The absence of 2022 men's 100m butterfly champion Kristof Milak and Olympic gold medallist Caeleb Dressel, who also has the world record, will add a dash of uncertainty to the final later in the evening. But she can expect a tough test from American Regan Smith, who was second in the semis, and Australia's Olympic and world champion Kaylee McKeown who also holds the world record of 2:03.14 in the event having set that time in March. The Australian mixed 4x100m freestyle relay team have a shot at lowering their world record of 3:19.38 in the last race after cruising through the heats and going nearly two seconds faster than the United States.

Persons: Sarah Sjoestroem, Stefan Wermuth FUKUOKA, Swede, China's Zhang Yufei, Zhang, Gretchen Walsh, Australia's Cameron McEvoy, Jack Alexy, Briton Benjamin Proud, Kristof Milak, Caeleb Dressel, Dara Rose, Frenchman Maxime Grousset, Josh Liendo, Peng Xuwei, Regan Smith, Kaylee McKeown, Victory, McKeown, Katie Ledecky, China's Li Bingjie, Erika Hairweather, Shrivathsa Sridhar, Christian Radnedge Organizations: Marine Messe Fukuoka, REUTERS, United, Marine Messe Fukuoka Hall, Thomson Locations: Fukuoka, Japan, United States, U.S, China, China's, Australian, Bengaluru

☆ War with China would be an 'onslaught' like the US hasn't faced in decades
▼ + stars: | 2023-07-27 | by ( Jake Epstein | Jacob Zinkula | ) www.businessinsider.com time to read: +15 min

War would also have severe consequences for China and US allies in the Western Pacific. Any war with China would be fought on multiple fronts — from the air and sea to the web and financial markets. The US maintained this capacity for decades, but America's manufacturing prowess has atrophied since the end of the Cold War. Control of the Pacific would be a crucial part of any war with China, and Beijing boasts the world's largest navy. Cash warsWhile a military conflict between the US and China is only a hypothetical, the two countries are already competing on the economic battlefield.

Persons: Joe Biden, Mark Milley, Dan Blumenthal, it's, Blumenthal, Ujian, didn't, Glenn O'Donnell, Forrester, stymie, Ann Wang, William Alan Reinsch, Reinsch, Russia —, Scott Kennedy, Kennedy, aren't, Ramping, Jake Epstein, Jacob Zinkula Organizations: US, Joint Chiefs of Staff, Armed, US Navy, American Enterprise Institute, US Department of Defense, US Marine Corps, Pentagon, Navigation Plan, Ford, Nimitz, Center for Strategic, International Studies, Beijing, Russia, Columbia University, Marine Locations: China, Western, Beijing, Pacific, Taiwan, South China, America, Nebraska, Pearl, Normandy, Mongolia, Ukraine, Russian, Nanchang, Liaoning, Shandong, Fujian, wean, Washington, United States, Japan, Philippines, Netherlands

☆ Ledecky dominates, Richards leads British one-two at world championships
▼ + stars: | 2023-07-25 | by ( ) www.reuters.com time to read: +4 min

It was the perfect response for Ledecky, who was dethroned and left disappointed by the record-breaking Ariarne Titmus in Sunday's 400m freestyle event. Earlier, Richards finished strongly to bag the gold ahead of compatriot Tom Dean in his freestyle event with a solid time of one minute, 44.30 seconds. "I knew going into the race it was one of the most stacked 200 freestyle fields for a long time. Olympic champion Dean finished 0.02 seconds behind to take silver and Hwang Sun-woo of South Korea took the bronze, while 2022 world champion David Popovici of Romania missed out on a podium spot. She charged to victory in the event in 57.53 seconds to edge out 2022 world champion Regan Smith of the United States by 0.25 seconds and Katharine Berkoff by 0.72 seconds.

Persons: Katie Ledecky, Marko Djurica, Matthew Richards, Ledecky, Simona Quadarella, Li Bingjie, I'm, Richards, Tom Dean, Dean, Hwang Sun, David Popovici, Kaylee McKeown, Australia's, Regan Smith, Katharine Berkoff, McKeown, Smith, Italy's Thomas Ceccon, Ryan Murphy, Murphy, Hunter Armstrong, Lilly King, Lithuania's Meilutyte, Shrivathsa Sridhar, Toby Davis Organizations: Marine Messe Fukuoka, Britain, London Games, Thomson Locations: Fukuoka, Japan, Marko Djurica FUKUOKA, United States, British, South Korea, Romania, Barcelona, Bengaluru

☆ A Speedo vs 'outdated swimwear' analogy has officially entered the US-China tech war conversation
▼ + stars: | 2023-07-20 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

Xie Feng, the Chinese ambassador to the US, said Washington isn't playing fair in its tech race with China. Restrictions on China are like forcing it to wear outdated swimwear while the US wears Speedos, he said. The tech war between the world's two largest economies has been intensifying. On Wednesday, Xie Feng, the Chinese ambassador to the US, found the most unexpected analogy to the US-China tech competition by comparing American restrictions on China to different types of swimwear. It also wants to slap further export restrictions on AI chips to China, the Wall Street Journal reported on June 27.

Persons: Xie Feng, Washington isn't, Xie, we've, Biden, China's Organizations: Aspen Security, Wall Street, Micron Locations: China, Colorado, Netherlands, Beijing

☆ A new fossil shows a prehistoric badger-like mammal and a dinosaur locked in 'mortal combat'
▼ + stars: | 2023-07-18 | by ( Jenny Mcgrath | ) www.businessinsider.com time to read: +4 min

A new fossil shows a badger-like mammal biting into a dinosaur. A new paper in Scientific Reports describes a fossil of the cat-sized mammal, Repenomamus robustus, locked in "mortal combat" with a Psittacosaurus that was three times as large. The newer fossil has quite a bit of evidence suggesting that the mammal was attacking the dinosaur. "I think the clincher is just the fact that the hind leg of the mammal is trapped within the folded hind leg of the dinosaur," Mallon said. "The question that comes up is, what is a mammal doing attacking a dinosaur that's so much larger than itself?"

Persons: Jordan Mallon, Michael Skrepnick, Mallon, Han Organizations: Service, Canadian Museum of Nature Locations: Wall, Silicon, China's Liaoning Province

Oil demand growth is an indication of likely oil market strength and forms part of the backdrop for policy decisions by OPEC and its allies, known as OPEC+. OPEC is expected to publish its first demand forecast for 2023 in its monthly report on July 13. Top officials from OPEC countries at a conference this week such as Amin Nasser, chief executive of state-owned oil producer Saudi Aramco, expressed optimism over the oil demand outlook despite economic headwinds weighing on prices. China alone between 2019 and 2023, 3 million bpd growth, India 1 million bpd growth, so there is a pickup in demand," he said. OPEC originally forecast demand growth in 2023 of 2.7 million bpd in its first forecast published in July 2022, later revising it down to 2.35 million bpd.

Persons: Amin Nasser, Ahmad Ghaddar, David Evans Organizations: Saudi Arabian Oil, OPEC, International Energy Agency, IEA, Saudi Aramco, Thomson Locations: VIENNA, OPEC, Saudi, Asia, China, India

☆ Xi personally warned Putin against launching a nuclear strike in Ukraine, report says, drawing a red line for Russia
▼ + stars: | 2023-07-06 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

China's Xi Jinping warned Vladimir Putin against using nuclear weapons, The Financial Times reported. If Putin ignored Xi and acted on his nuclear threats to Ukraine, it'd humiliate the Chinese leader, an analyst said. He has provided the Russian president with crucial economic and diplomatic support amid sanctions and international isolation. This gives him leverage over the Russian president in seeking to deter him from a potentially catastrophic escalation of the conflict. Putin has previously shown a willingness to defy China, declaring he'd position nuclear weapons in Belarus in an apparent snub to Xi in March.

Persons: China's Xi Jinping, Vladimir Putin, Xi, Putin, it'd, —, Vladimir Putin of, Putin's, Dmitry Peskov, Sumantra Maitra, China Xi, Ali Wyne, Xi Jinping, Wagner Organizations: Financial Times, Service, Ukraine, Putin, Wednesday, European Union, Eurasia Group, Russian Locations: Ukraine, Moscow, Vladimir Putin of Russia, China, Russian, Russia, Beijing, Belarus, West

☆ Compliance chief at Chinese fintech company stole girlfriend's insider info to trade VMware, tech stocks
▼ + stars: | 2023-06-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Steven Teixeira, who served as chief compliance officer for the U.S. arm of China's LianLian Global, pleaded guilty to the federal charges under a cooperation agreement. Teixeira allegedly obtained insider information, including advance knowledge of Broadcom's announced $61 billion acquisition of VMware from 2022, and shared it with an associate for profit. Proofpoint was taken private in 2021 by private equity firm Thoma Bravo in a $12.3 billion deal, within the timeframe Teixeira was allegedly trading insider information. Teixeira allegedly shared the insider information with his associate, Jordan Meadow, who is also charged with violating federal insider trading laws. Kennedy and Van Hollen introduce bill to block foreign executives from insider trading

Persons: Steven Teixeira, Teixeira, Broadcom's, Thoma Bravo's, Proofpoint, Thoma, Jordan Meadow, Meadow, Scott Thompson, Kennedy, Van Hollen Organizations: U.S . Securities, Exchange Commission, New, U.S, SEC, VMware, Thoma Bravo, of Locations: New York, Southern, of New York, Philadelphia, Sens

☆ Corruption inquiry in Australia uncovers China links to state lawmaker
▼ + stars: | 2023-06-29 | by ( Kirsty Needham | ) www.reuters.com time to read: +3 min

SYDNEY, June 29 (Reuters) - The former premier of Australia's most populous state engaged in corrupt conduct involving another lawmaker with whom she was in a secret romantic relationship, a years-long corruption inquiry that examined business dealings with China said on Thursday. The inquiry said Maguire sought to use his government office to "create a network between China and Australia and to make a commission in multiple ways". The commission found Maguire engaged in "serious corrupt conduct" between 2012 and 2018 for the migration scheme and other misconduct. It said he misused his role as chairman of the New South Wales Parliament's Asia Pacific Friendship Group to advance the commercial interests of a Chinese business association in South Pacific nations. The commission said it would seek advice from the Director of Public Prosecutions on whether further prosecutions should be commenced into Maguire.

Persons: Gladys Berejiklian, Daryl Maguire, Maguire, Berejiklian, Barry O'Farrell, Kirsty Needham, Stephen Coates Organizations: SYDNEY, New South Wales Independent, Corruption, New, Liberal, Australian Council, Australia, Pacific Friendship Group, New South Wales, Public, Maguire, Thomson Locations: Australia's, China, New, New South Wales, Berejiklian, Australia, South Pacific, Beijing, Sydney, Liaoning, New South

☆ Brands focus on stories in refining China livestreaming to boost profits
▼ + stars: | 2023-06-28 | by ( Casey Hall | Thomson Reuters | Casey Has Reported On China'S Consumer Culture Her Base In Shanghai For More Than A Decade | ) www.reuters.com time to read: +6 min

[1/5] Livestreaming sessions by Chinese livestreamers Li Jiaqi and Viya, whose real name is Huang Wei, (L) are seen on Alibaba's e-commerce app Taobao displayed on mobile phones in this illustration picture taken December 14, 2021. Stellar growth boosted by the COVID-19 pandemic saw the industry employ more than 1.23 million livestream hosts by 2020, says researcher iResearch, along with numerous accompanying livestream-related training academies and agencies. While Tmall and Li Jiaqi remain powerful, brands moving away from that strategy are cutting reliance on massive discounts and even his famous exhortation, "Oh my god! Liu once thought her brand's price point of about 2,000 yuan ($277) for its dresses made it incompatible with bargain-heavy livestreaming. The dominance of pureplay sales platforms such as Alibaba's Tmall and Taobao, along with JD.com (9618.HK), is increasingly challenged by entertainment and information-led platforms such as Douyin and Xiaohongshu.

Persons: Li Jiaqi, Huang Wei, Florence Lo, Apple's, William Lau, Clyde, iResearch, Jacob Cooke, Li, Liu, Hugo Boss, superhost Viya, Lexie Moris, Betty, Casey Hall, Miyoung Kim, Clarence Fernandez Organizations: REUTERS, Apple Watch, HK, Tmall, Thomson Locations: SHANGHAI, China, Beijing, Asia, Pacific, Douyin

☆ China's Yin Ruoning collects maiden major title at Women's PGA Championship
▼ + stars: | 2023-06-25 | by ( ) www.reuters.com time to read: +3 min

[1/2] Jun 25, 2023; Springfield, New Jersey, USA; Ruoning Yin tees off on the 4th hole during the final round of the KPMG Women's PGA Championship golf tournament. Mandatory Credit: John Jones-USA TODAY SportsNEW YORK, June 25 (Reuters) - China's Yin Ruoning produced a flawless final round with four birdies to win the Women's PGA Championship at Baltusrol Golf Club on Sunday and claim her first major title. The 20-year-old Yin, who collected her maiden LPGA Tour title at the DIO Implant LA Open earlier this year, is only the second Chinese woman to win a golf major after Shanshan Feng. "I would say she's definitely the goal that I'm chasing," said Yin, who was nine years old when Feng won the Women's PGA Championship in 2012. "I was on the 18th tee and I saw the leaderboard, and I know I have a one-shot lead," said Yin.

Persons: John Jones, Yin Ruoning, Yin, Japan's Yuka Saso, Shanshan Feng, Feng, Yuka, I'm, Carlota Ciganda, Sweden's Anna Nordqvist, Megan Khang, China's Lin Xiyu, Stephanie Meadow, Rose Zhang, It's, Amy Tennery, Toby Davis, Hugh Lawson, Chris Reese Organizations: KPMG Women's, USA, YORK, Baltusrol, LPGA, Thomson Locations: Springfield , New Jersey, USA, Northern Ireland, New York

☆ China lithium price rebound to be capped by growing supply - analysts
▼ + stars: | 2023-06-21 | by ( ) www.reuters.com time to read: +3 min

Production and sales of EVs in May grew by 53.7% and 71.2% respectively year-on-year, data from the China Passenger Car Association showed. Demand from the energy storage sector, the second biggest user of the battery metal, is also growing rapidly. "We are seeing the energy storage market is boosting capacity expansion of LFP (lithium iron phosphate) batteries and cathode materials, which in turn sends pressure to the price of lithium carbonate," Zou said. Zou expects the lithium carbonate price in China to average 300,000 yuan a ton this year. "The May growth seen in the auto market, boosted by short-term policy support, is unlikely to last and lithium prices might fall below 200,000 yuan within this year," he added.

Persons: Price, Susan Zou, Zou, Yang Jing, Chen Junquan, Chen, Siyi Liu, Dominique Patton, Andrew Hayley, Emma Rumney Organizations: China Passenger Car Association, Cell, Rystad Energy, EV, Beijing, China Corporate Research, Fitch, Economic Research Institute, Manufacturers, Thomson Locations: BEIJING, China, Beijing, Shanghai

☆ Analysis-In China's lithium hub, mining boom comes at a cost
▼ + stars: | 2023-06-15 | by ( Siyi Liu | Dominique Patton | ) www.reuters.com time to read: +7 min

FILE PHOTO: A vehicle is seen near a lithium smelter in Yichun, Jiangxi province, China March 30, 2023. It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China’s top lithium producers Ganfeng Lithium and Tianqi Lithium. Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. ‘NATURAL RESOURCES CHAOS’Further dimming the outlook for lepidolite, environmental damage is a growing concern. UBS analysts see China’s supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun’s target.

Persons: ”, Yang Yaohua, Yang, Wu Wei, Eric Norris, ” Norris, Yongxing, Yichun, Ma Jun, ” Ma, Vicky Zhao, Li Qi Organizations: REUTERS, Staff, Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, lepidolite, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence Locations: YICHUN, China, Yichun, Jiangxi province, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi

It has supported mine development by taking stakes in mining companies to help battery materials makers that do not have mines overseas like those owned by China's top lithium producers Ganfeng Lithium (002460.SZ), (002460.SZ) and Tianqi Lithium (002466.SZ). Separating lithium from lepidolite can cost as much as 100,000 yuan per metric ton, compared to 40,000-50,000 yuan for brine and 50,000-60,000 yuan for spodumene, analysts said. 'NATURAL RESOURCES CHAOS'Further dimming the outlook for lepidolite, environmental damage is a growing concern. As it gets stricter now, lithium resources in Yichun will lose their competitiveness with the higher costs for environmental protection," Ma said. UBS analysts see China's supply of lithium from lepidolite tripling to 280,000 metric tons, or 13% of global supply, between 2022 and 2025, well short of Yichun's target.

Persons: YICHUN, Yang Yaohua, Yang, Wu Wei, Eric Norris, Norris, Yongxing, Yichun, Ma Jun, Ma, Vicky Zhao, Li Qi, Siyi Liu, Dominique Patton, Ernest Scheyder, Tony Munroe, Sonali Paul Organizations: Australia, Guosen, Macquarie, Gotion High Tech, CRU, Xiamen University, Energy, Corp, Reuters, Materials Technology, Institute of Public & Environmental Affairs, UBS, Benchmark Mineral Intelligence, Beijing Newsroom, Thomson Locations: China, Yichun, lepidolite, Beijing, Sichuan, Qinghai, Tibet, Shanghai, Jin, U.S, Jiangxi, Houston

☆ 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

Embattled Credit Suisse had been preparing for years to set up a wholly owned local bank in China. Credit Suisse and UBS declined to comment. The clock is ticking for UBS to close the deal with Credit Suisse. The China Securities Regulatory Commission did not immediately respond to a Reuters request for comment. UBS currently runs a 67%-owned securities joint venture with a Beijing state-owned company.

Persons: Sergio Ermotti, Summer Zhen, Selena Li, Engen Tham, Sumeet Chatterjee, Muralikumar Organizations: Credit Suisse, UBS, Swiss, Credit, National Financial Regulatory Administration, Suisse's, China Securities Regulatory Commission, Thomson Locations: HONG KONG, SHANGHAI, China, Swiss, Beijing, Hong Kong, Shanghai

☆ Stocks making the biggest moves midday: PTN, BYND, GOOGL, PACW and more
▼ + stars: | 2023-05-11 | by ( Michelle Fox | ) www.cnbc.com time to read: +5 min

The entertainment giant also reported revenue and earnings in line with Wall Street's estimates, according to Refinitiv. AppLovin — Shares popped 23.53% following the company's first-quarter revenue beat. Unity Software's revenue of $500 million beat the $480 million expected from analysts polled by Refinitiv. Tapestry — Shares of the Coach parent jumped 8.27% after the company reported stronger-than-expected earnings and revenue for its latest quarter. Its first-quarter revenue came in at $441 million, versus analyst estimates of $425 million, according to Refinitiv.

Landing of aircraft at night and in bad weather, for instance - crucial to regular offshore carrier operations - remain far from routine, several of the attaches and analysts said. "Carrier operations are a very complicated game, and China's got to figure this out all by itself. A new plane, the KJ-600, designed to perform a similar role to the E-2C/D Hawkeye launched from U.S. carriers, is still in testing, according to the Pentagon's latest annual report on China's military. Several countries operate aircraft carriers but the U.S. remains the most dominant, running 11 carrier battlegroups with global reach. A September editorial published in a magazine run by a PLA weapons manufacturer, titled "Four great advantages the PLA has in attacking Taiwan", did not mention the role of Chinese carriers.

☆ This Chinese social media platform is a buy that can surge 60%, UBS says
▼ + stars: | 2023-04-28 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

It's time to buy China-based online social and entertainment firm Hello Group , according to UBS. "[We] think the worst is over following the weak Q123 guidance," Liu wrote on Friday. MOMO 1D mountain Hello Group shares 1-day Hello Group shares are down 8% this year. Hello Group shares climbed 5.7% during Friday's trading session. He said Hello Group shares are currently trading at a multiple that is "the lowest among profitable internet firms," limiting downside ahead.

☆ 'More than 50% chance' China will invade Taiwan in the next 10 years, says former US national security adviser
▼ + stars: | 2023-04-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +4 min

China's likelihood of invading Taiwan in the next decade is "more than 50%," Matthew Pottinger said. Pottinger, a US Marine veteran and a former China reporter for Reuters and The Wall Street Journal, worked as deputy national security adviser from September 2019 to January 2021. He was the Trump administration's top adviser on China and North Korea at the time and one of its longest-serving aides. "I suspect that he is going to make this his legacy achievement," Pottinger told The Post. "The CCP should be thought of as a hungry shark that will keep eating until its nose bumps into a metal barrier," Pottinger told congressional leaders.

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