DIRS.INFO The most relevant business & tech news

☆ CBC Healthcare secures $875 mln for life science investment in China
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +1 min

SINGAPORE, Oct 23 (Reuters) - CBC Healthcare Infrastructure Platform (CBC HIP), an independent life science real assets investor in China, said on Saturday it had secured $875 million for its first life science real assets venture called CLSRA Venture I.Abu Dhabi-based sovereign investor Mubadala Investment Company will join existing investors Dutch pension fund APG Asset Management and Asian healthcare asset management firm CBC Group in CBC HIP, according to a company statement. The inclusion of Mubadala as an investor allows CLSRA Venture I to secure further opportunities in the life science real assets sector in China, CBC HIP said. "We will continue to tap the immense potential of life science real assets as a critical component of China's growing healthcare and life science industry," said Hans Kang, Chief Executive Officer of CBC HIP. CLSRA Venture I has so far deployed $450 million across four real estate projects, according to the statement. Since its establishment in November 2021, CLSRA Venture I has acquired some 520,000 square meters of life science real assets in Shanghai, Beijing and Suzhou in China, it added.

Persons: Hans Kang, Yantoultra Ngui, Subhranshu Sahu Organizations: CBC Healthcare, CBC, CLSRA Venture, Mubadala Investment Company, Asset Management, CBC Group, CBC HIP, Thomson Locations: SINGAPORE, China, Abu Dhabi, Shanghai, Beijing, Suzhou

☆ Exclusive: Self-driving startup Plus splits US and China operations amid tensions
▼ + stars: | 2023-10-11 | by ( ) www.reuters.com time to read: +4 min

SHANGHAI, Oct 11 (Reuters) - Self-driving truck startup Plus has split its Chinese and U.S. operations and struck a deal in which a key shareholder, China's Full Truck Alliance (FTA) (YMM.N), will focus on the China unit, Plus said on Wednesday. Plus, which had headquarters in Suzhou, China, and California, separated its operations into two independent companies. FTA increased its stake in Zhijia Technology via a stock swap arrangement that reduced its ownership in Plus, the company said. Plus declined to comment on the size of FTA's shareholding in Zhijia Technology. The stake in Zhijia Technology will help the company's work to develop autonomous trucking fleets - a potentially lucrative market amid a truck driver shortage in China.

Persons: Uber, Zhang Yan, Roxanne Liu, Brenda Goh Organizations: Alliance, Reuters, U.S, Sequoia, GGV, Zhijia Technology, Technology, New York Stock Exchange, Thomson Locations: SHANGHAI, China, Beijing, U.S, Suzhou, California, Huochebang, United States

☆ Asia markets largely fall despite Wall Street rally
▼ + stars: | 2023-09-26 | by ( Lim Hui Jie | ) www.cnbc.com time to read: 1 min

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. Asia-Pacific markets largely fell despite a broad rebound on Wall Street and Moody's warning that a U.S. government shutdown would be "credit negative" for the world's largest economy. The country's wholesale inflation for its services sector climbed 2.1% year on year, its fastest rate of increase since September 2022. In Australia, the S&P/ASX 200 also shed 0.29% as traders look toward its key consumer price index reading on Wednesday. Hong Kong's Hang Seng index is also set for a positive open, standing at 17,744 compared to the HSI's close of 17,729.29.

Organizations: Nikkei Locations: Suzhou, Shanghai, China, Asia, Pacific, U.S, Australia, South Korea

☆ China considering ban on clothing that ‘hurts feelings’ of nation
▼ + stars: | 2023-09-11 | by ( Chris Lau | ) edition.cnn.com time to read: +5 min

The wording of the draft amendment is reminiscent of language used by Beijing to rein in free speech at home or to hit back at perceived slights by foreign countries and businesses. Several legal scholars have also questioned the implicit vagaries of the proposed amendment and the absence of specific guidelines. “State power directly interferes in the field of individual citizens’ daily clothing, which is obviously an overreaching intervention,” she wrote on Weibo. In the wake of this month’s draft amendment, one Weibo user questioned whether cosplayers or kimono-clad employees of Japanese restaurants might fall afoul of the proposed rules. “Why don’t we wear Chinese tunic suits or Hanfu?” he asked.

Persons: Hong Kong CNN —, ”, Mark Schiefelbein, Tong Zhiwei, ’, Lao Dongyan, meanwhile, Lao Organizations: Hong Kong CNN, country’s Public, AP, East China University of Political Science, Law, Twitter, Beijing’s Tsinghua University Locations: China, Hong Kong, Beijing, Shanghai, Weibo, today’s China, Japan, Suzhou

The Mate 60 is priced from 5,999 yuan ($817.70), the same as Apple's iPhone 14 in China. Huawei's launch also comes days before Apple is expected to launch its new iPhone 15 on Sept. 12.WHO ARE THE MATE 60'S SUPPLIERS? The Mate 60 Pro contains more Chinese-made chip components than previous models, TechInsights also said. WHAT COULD IT MEAN FOR APPLE IN CHINA'S SMARTPHONE MARKET? And cumulative shipments of Mate 60 Pro could reach at least 12 million units 12 months after launch, according to Kuo.

Persons: TechInsights, Chi Kuo, Kuo, Yelin Mo, Brenda Goh, Emelia Sithole Organizations: China's Huawei Technologies, Apple, Huawei, Semiconductor Manufacturing International Corp, HK, WHO, South Korea's SK Hynix's, SK Hynix, Dongguan Chitwing Technology, ., Visionox Technology, Reuters, TF International Securities, Thomson Locations: BEIJING, SHANGHAI, China, Kirin, SMIC, South, United States, Dongguan, Suzhou, U.S, Washington, Beijing

☆ One part of China’s consumer market is holding up against a broad decline
▼ + stars: | 2023-08-30 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Customers enjoy food at a new Costco store in Shanghai on the first day of its trial operation on March 10. China News Service | China News Service | Getty ImagesBEIJING — If retail sales slowed this summer, it hasn't felt that way in parts of China. In the weeks around early July, New York residents David and Susan Schwartz visited three Costco stores, known as warehouses, on the outskirts of Shanghai and the neighboring city of Suzhou. China's retail sales slowed to a 2.5% year-on-year increase in July, adding to growing uncertainty about the country's future growth. Chris Reitermann CEO, Ogilvy Asia Pacific and Greater ChinaThe massive property market, where the majority of household wealth is stored, accelerated its decline in July.

Persons: hasn't, Susan Schwartz, David Schwartz, David, Susan, Malin, Goetz, Kate Spade, they're, Chris Reitermann, Ogilvy's Reitermann, Daniel Zipser Organizations: Costco, China News Service, Getty, BEIJING, U.S, Ogilvy Asia Pacific, CNBC, McKinsey Global Institute, Media, McKinsey Locations: Shanghai, China, New York, Suzhou, U.S, Hangzhou, Ningbo, York, Greater China

The mayor of Fukushima, Hiroshi Kohata, said on Saturday the city’s town hall alone had received about 200 such harassment calls in two days. Security officers in front of the Japanese embassy in Beijing, China, on August 26, 2023. In an echo of the Japanese embassy’s statement, it urged Tokyo to protect the safety of Chinese residents in Japan. Many countries, including China, release treated radioactive water from their own nuclear plants, sometimes at higher concentrations than in Fukushima. Other prefectures are considering similar programs, with the Osaka governor proposing Fukushima seafood be served at all government cafeterias.

Persons: China’s, Hiroshi Kohata, It’s, ”, Yasuhiro Matsuda, Yoon Suk Yeol, Han Duck, Yoon, Han, Yuriko Koike, Rahm Emanuel, Matsuda, Xi Jinping, Fumio Kishida Organizations: Tokyo CNN, NHK, CNN, Security, Kyodo, Chinese Foreign Ministry, University of Tokyo’s Institute, Advanced Studies, South, Osaka, US, East China, Reuters Locations: Fukushima, Japan, China, Tokyo, Fukushima prefecture, Beijing, “, Qingdao, China’s Shandong, Suzhou, China’s Jiangsu, Asia, East

☆ Value investing is having a moment in China. Here are some funds that are winning
▼ + stars: | 2023-08-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

They are: BOCIP China Value A Fidelity China Focus A Dist USD Ninety One GSF All China Eq A Acc HKD The first two have a value-style tilt – and not only beat the MSCI China Index in the first half of this year, but also in all of 2022, according to Morningstar. Although both value and growth China funds have generally posted losses over the three years ended July 2023, growth has lagged value by 12% a year, Liang said. However, she was quick to point out that just focusing on a single investment style such as value versus growth isn't enough. In terms of Morningstar's fund ratings — based on factors the firm calls people, process and parent — Schroder's ISF China Opps and FSSA China Growth have gold ratings for strong performance in the "people" and "process" categories. Closely watching valuations helped Schroders China's portfolio manager take some timely profits on "some overheated information technology" stocks, Liang said.

Persons: Warren Buffett, –, Claire Liang, Morningstar's, Liang, Benjamin Graham's, Goldman Sachs, It's, Timothy Moe Organizations: Morningstar, Fidelity, Acc, China, House Research Institute, Netflix, Suzhou Maxwell Technologies Locations: China, Fidelity China, Asia, Suzhou

☆ Alibaba is doubling down on A.I. — Chinese stocks to watch
▼ + stars: | 2023-08-13 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Where to play it Where HSBC analysts are looking is in Chinese AI hardware stocks. Its customers also include Nvidia and U.S. and Chinese cloud companies. Based on in-person company visits — which revealed about a third had "lousy management" and not investable — he's decided to focus on Chinese AI and green energy companies. His watchlist of about 90 Chinese AI companies has more than doubled in value this year, Ogan said, noting his firm only owns a handful. However, publicly disclosed figures show the AI company only made net revenue of $48.2 million in 2022, with a net loss of $6 million.

Persons: They're, Tencent, Ernie chatbot, Frank He, Innolight, FII, Taylor Ogan, — he's, Ogan, Yuan Hui, Xiao, That's, Yuan, —, China's, Hua Zang, chatbot Organizations: Baidu, HSBC, HSBC Qianhai, Nvidia, Microsoft, Google, Biden, Snow Bull, Nasdaq, IDG Locations: China, Suzhou, Friday's, U.S, Shenzhen, Shanghai, Beijing

The announcement was the first time either of the two – who had both been in military positions outside the Rocket Force – were named as the force’s leadership. Beijing gave no reason for the change, making the case yet another example of the lack of transparency in China’s political system. The newly appointed Rocket Force leadership both previously held deputy positions in other parts of the military. New missile silosThe leadership change comes as evidence points to an expanding Chinese nuclear force – creating an even more important role for the Rocket Force, which until 2016 was known as the PLA Second Artillery Force. They are responsible for handling and delivering China’s nuclear weapons,” said Drew Thompson, a senior research fellow at the Lee Kuan Yew School of Public Policy at the National University of Singapore.

Persons: Xi Jinping, Wang Houbin, Xu Xisheng, Li Yuchao, Qin Gang, Li, Xu Zhongbo, Xu, China’s, ”, Yun Sun, Li Gang, Xi, “, Qin, Wang Yi, Carl Schuster, “ Xi, ” Schuster, Wang, Neil Thomas, Roderick Lee, Drew Thompson, Lee, ” Thompson Organizations: CNN, Liberation Army Rocket Force, Rocket Force, Xinhua, Communist Party, Stimson, Communist Party’s, Military Commission, People’s Liberation Army, PLA, Pacific Command’s Joint Intelligence Center, PLA Navy, Southern Theater Command, Asia Society, Center for, USAF Air University China Aerospace Studies, ” CNN, China’s Ministry of Defense, PLA Second Artillery Force, US Defense Department, Lee Kuan Yew, of Public, National University of Singapore, “ Locations: China, Suzhou, Taiwan, Washington, Beijing, Xinhua, Hawaii, Center for China, United States

Visitor numbers at Hangzhou Zoo have gone up by 30 percent to around 20,000 a day since a video of the Malayan bear, named Angela, became a trending topic on Chinese social media over the weekend, Zhejiang province-based Chao News reported. It was when Angela was standing up that some netizens said she looked like someone wearing a bear suit. The zoo has sought to refute the rumour in posts on its official WeChat account and in interviews with local media, saying that Angela is "definitely not a human". "Our zoo is government-run, so that kind of situation would not happen," a member of staff said, according to local media. Reporting by Martin Quin Pollard; Additional reporting by Jiawei Wang; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Angela, Chao, Qian Ming, netizens, Martin Quin Pollard, Jiawei Wang, Raju Gopalakrishnan Organizations: Hangzhou Zoo, Chao News, Hangzhou TV, Weibo, Thomson Locations: BEIJING, China's Zhejiang, Zhejiang province, Suzhou, Hangzhou

☆ Bosch opens chip test centre in Malaysia
▼ + stars: | 2023-08-01 | by ( ) www.reuters.com time to read: 1 min

BERLIN, Aug 1 (Reuters) - Robert Bosch (ROBG.UL) has opened a new test centre for chips and sensors in Malaysia for 65-million-euro ($71.62 million) and plans to invest a further 285 million euros by the middle of next decade, the German technology group announced on Tuesday. Up to 400 jobs will be created by the mid-2030s, it added. Bosch currently carries out most of the final testing of its semiconductors from its factories in the German cities of Reutlingen, Germany, Suzhou, China and Hungary. Those locations will be joined by the new test centre in Penang, for which Bosch is receiving funding from Malaysia. ($1 = 0.9075 euros)Reporting by Ilona Wissenbach, Writing by Miranda Murray; Editing by Riham AlkousaaOur Standards: The Thomson Reuters Trust Principles.

Persons: Robert Bosch, Bosch, Ilona Wissenbach, Miranda Murray, Riham Organizations: Bosch, Thomson Locations: Malaysia, Reutlingen, Germany, Suzhou, China, Hungary, Penang

Financial firms and their regulators have cut salaries and bonuses after China's top graft-busting watchdog vowed to eliminate "Western-style hedonism" in the $57 trillion sector. "Wage cuts will intensify deflationary risks and reduce willingness to spend," said Zhaopeng Xing, ANZ's senior China strategist. Reuters GraphicsWEAK BARGAINING POWERUnilateral wage cuts are illegal in China, but complex salary structures offer ways around that. Shao, who sold make-up in the eastern city of Suzhou and only gave her surname for privacy reasons, had a choice to leave her company or accept a 50% wage cut. Their bargaining power ... is weakened so they tend to accept wage cuts," said Aidan Chau, researcher at Hong Kong-based rights group China Labour Bulletin.

Persons: Yao, Zhaopeng Xing, ANZ's, Unit's Xu Tianchen, Zhaopin, Shao, Aidan Chau, Xu, he's, Xiangrong Yu, Ellen Zhang, Marius Zaharia, Liangping Gao, Kripa Jayaram, Kim Coghill Organizations: Communist Party, Financial, Economist, Reuters, Workers, China Labour Bulletin, Reuters Graphics Reuters, Citi, Graphics, Thomson Locations: China, BEIJING, HONG KONG, Hefei, Suzhou, Hong Kong, Shanghai, Beijing

☆ What new norm of slower Chinese growth could mean for the global economy
▼ + stars: | 2023-07-25 | by ( Elliot Smith | ) www.cnbc.com time to read: +7 min

Ying Tang | NurPhoto | Getty ImagesThe Chinese economy could be facing a prolonged period of lower growth, a prospect which may have global ramifications after 45 years of rapid expansion and globalization. The ruling Chinese Communist Party has set a growth target of 5% for 2023, lower than usual and notably modest for a country that has averaged 9% annual GDP growth since opening up its economy in 1978. For the global economy, however, the most immediate spillover of a Chinese slowdown will likely come in commodities and the industrial cycle, as China reconfigures its economy to reduce its reliance on a property sector that has been "absorbing and driving commodity prices." "This shift from a complementary economy, where Beijing and Berlin kind of benefit from each other, to now being competitors is another big consequence of the structural slowdown," Green said. He noted that beyond the immediate loss of demand for commodities, China's reaction to its shifting economic sands will also have "second order impacts" for the global economy.

Persons: Ying Tang, Julian Evans, Pritchard, Evans, it's, Xi Jinping's, Rory Green, Green Organizations: Beijing, Communist Party, Capital Economics, Triple, TS Lombard, CNBC Locations: Suzhou, Shanghai, China, Asia, Beijing, Japan, Brazil, Australia, Germany, Berlin

☆ China says two policies to support business coming soon
▼ + stars: | 2023-07-20 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +1 min

A view of high-rise buildings is seen along the Suzhou Creek in Shanghai, China on July 5, 2023. BEIJING — China's economic planner said Thursday that two new policies for supporting non-state-owned businesses will be launched soon. While it did not specify a date, the policy plans come a day after China's top party and government leadership announced lengthy "opinions" on supporting non-state-owned businesses. Business sentiment has generally soured amid lackluster economic growth after China's initial recovery from the pandemic. The two forthcoming policies will focus on promoting business investment and their overall development, Li Chunlin, deputy director of the National Development and Reform Commission, said in Mandarin, translated by CNBC.

Persons: Li Chunlin Organizations: National Development, Reform, CNBC Locations: Suzhou, Shanghai, China, BEIJING, Beijing

☆ China to ban food imports from Japan citing concerns over nuclear contaminated water
▼ + stars: | 2023-07-07 | by ( ) www.cnbc.com time to read: +1 min

China will ban the import of food from about one-fifth of Japanese prefectures for safety reasons, Chinese customs said on Friday, citing Japan's move to discharge nuclear contaminated water into the sea. China customs said it would continuously strengthen the detection and monitoring of radioactive substances to ensure the safety of food imported from Japan in banning food from 10 prefectures. The move was to prevent the export of radioactive contaminated Japanese food to China and protect the food safety of Chinese consumers' imports, China said. For weeks China had publicly voiced strong opposition to Japan's move to discharge treated radioactive water from its crippled Fukushima nuclear plant into the sea. China customs said the report did not fully reflect the views of all the experts involved in the assessment process, and the conclusions were not unanimously endorsed by the experts.

Persons: Japan's Organizations: International Atomic Energy Agency Locations: Hokkaido, Japan, Suzhou, Jiangsu Province, China

[1/2] A Chinese national flag flutters outside the China Securities Regulatory Commission (CSRC) building on the Financial Street in Beijing, China July 9, 2021. China's long-awaited rules for offshore stock exchange listings form part of a regulatory tightening on cross-border listings after years of a laissez-faire approach. REGULATORY 'BLACKBOX'The new listing regime requires CSRC to respond within 20 working days upon accepting an issuer's listing filing. Submitting additional materials can be time-consuming and thus delay the listing process, said bankers and lawyers. Reporting by Scott Murdoch in Sydney and Kane Wu in Hong Kong; Additional reporting by Selena Li in Hong Kong; Editing by Sumeet Chatterjee and Muralikumar AnantharamanOur Standards: The Thomson Reuters Trust Principles.

Persons: Tingshu Wang, JD.com, Scott Murdoch, Kane Wu, Selena Li, Sumeet Chatterjee, Muralikumar Organizations: China Securities Regulatory Commission, REUTERS, China, U.S, iMotion Automotive Technology, Reuters, Thomson Locations: China, Beijing, Hong Kong, SYDNEY, HONG KONG, Suzhou, Sydney

☆ Taiwan scrambles fighter jets after 10 Chinese warplanes fly across the sensitive median line
▼ + stars: | 2023-06-11 | by ( Bethany Dawson | ) www.businessinsider.com time to read: +2 min

Taiwan deployed fighter jets after 10 Chinese planes crossed the median line of the Taiwan Strait. Earlier this week, 37 Chinese military planes also flew into Taiwan's air-defense system. This is not the first instance of Chinese military activity around Taiwan this week. Reuters reported that 37 Chinese military planes flew into Taiwan's air-defense system before some headed to the western Pacific. China views Taiwan as part of its own territory, claiming that it is a breakaway province.

Persons: —, USS Chung, Xi Jinping Organizations: Service, People's Liberation Army Navy, Reuters, US, Fleet, 052D, Suzhou, Pacific Command, USS Locations: Taiwan, Taiwan Strait, American, China, Pacific

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

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

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

☆ American jailed for spying by China rubbed shoulders with senior Chinese officials, CNN reporting shows, CNN reporting shows
▼ + stars: | 2023-05-16 | by ( Nectar Gan | ) edition.cnn.com time to read: +9 min

“He’s a very famous person, known by many overseas Chinese in the southern US,” Tang said. Reports published by Chinese-language media in Texas and China’s state media show Leung’s long-running access to senior Chinese officials. In 2014, he met with the director of Jiangsu Provincial Overseas Chinese Affairs Office during a visit to Nanjing, the provincial capital. This photo shows John Leung with Wang Hua, the former director of Jiangsu Provincial Overseas Chinese Affairs Office. It also comes as American and Chinese officials are resuming high-level engagements since a dispute over a suspected Chinese spy balloon shattered efforts to mend ties earlier this year.

☆ China Sentences American Citizen to Life in Prison for Espionage
▼ + stars: | 2023-05-15 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

John Shing-wan Leung was tried in the city of Suzhou near Shanghai. Photo: Lintao Zhang/Getty ImagesHONG KONG—Chinese authorities said they sentenced an American citizen to life in prison on espionage charges, in a case that could further strain relations between Beijing and Washington. John Shing-wan Leung, a 78-year-old U.S. passport holder who also holds Hong Kong permanent residency, was found guilty and sentenced on Monday following a trial in the eastern city of Suzhou near Shanghai, according to a court notice.

☆ China sentences 78-year-old US citizen to life in prison for espionage
▼ + stars: | 2023-05-15 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A 78-year-old American citizen has been sentenced to life in prison by a Chinese court on spying charges. Leung was detained on April 15, 2021 by state security authorities in Suzhou, Jiangsu province, according to the brief statement, which did not provide details on his charges. Chinese authorities and state media have not previously disclosed any information on Leung’s detention or the court process that led to his conviction. In China, cases involving state security are usually handled behind closed doors. In another high-profile case, two Canadians – former diplomat Michael Kovrig and businessman Michael Spavor – were detained by China for nearly three years.

☆ China sentences 78-year-old U.S. citizen to life in prison on spying charges
▼ + stars: | 2023-05-15 | by ( ) www.cnbc.com time to read: +2 min

Relations between Washington and Beijing are at their lowest in decades amid disputes over trade, technology, human rights and China's increasingly aggressive approach toward its territorial claims involving self-governing Taiwan and the South China Sea. Jason Lee | ReutersChina sentenced a 78-year-old United States citizen to life in prison Monday on spying charges, in a case that reflects the deterioration in ties between Beijing and Washington over recent years. Details of the charges against John Shing-Wan Leung, who holds permanent residency in Hong Kong, have not been publicly released. High-level government visits have been on hold and U.S. companies are delaying major investments amid mixed-messaging from Beijing. Now the world’s second-largest economy, China is expanding its footprint in ports, railways and other infrastructure from Europe to Southeast Asia and beyond.

☆ China Sentences a U.S. Citizen to Life in Prison for Espionage
▼ + stars: | 2023-05-15 | by ( Chang Che | Olivia Wang | ) www.nytimes.com time to read: +1 min

A Chinese court said it sentenced a 78-year-old American citizen to life in prison on Monday on unspecified charges of spying, the latest in a wave of espionage cases the authorities have pursued amid growing wariness of foreign influence in the country. The Intermediate People’s Court in the southeastern city of Suzhou said in a short statement that it pronounced John Shing-Wan Leung guilty of espionage and sentenced him. Mr. Leung holds a United States passport and is a permanent resident of Hong Kong, according to the statement posted on the court’s social media account. A spokesman for the United States Embassy in Beijing said the embassy was aware of the reports about the case but declined to comment because of privacy concerns. American citizens arrested in China must sign a privacy waiver to allow embassies and consulates to release information about their cases to the public.

☆ US citizen sentenced to life in prison for espionage - Chinese court
▼ + stars: | 2023-05-15 | by ( ) www.reuters.com time to read: +2 min

BEIJING, May 15 (Reuters) - A 78-year-old U.S. citizen and Hong Kong resident was on Monday convicted of espionage and sentenced to life imprisonment by a court in eastern China, a court statement said. The court added that Leung was a Hong Kong resident and a U.S. passport holder. The court gave no specifics of his alleged offence, but said: "Suzhou's National Security Bureau began investigating Leung on April 15, 2021, on suspicion of spying." Last week, U.S. national security adviser Jake Sullivan met China's top diplomat Wang Yi to try to keep open channels of communication and to stablise the relationship between the superpowers. Hong Kong and Chinese media outlets reported that Leung had once been a senior member of a Chinese patriotic group in the United States called the U.S.-China Friendship Promotion Association.

Search resuls for: "SUZHOU"

25 mentions found