DIRS.INFO The most relevant business & tech news

[1/3] China's Premier Li Keqiang waves as he arrives for a news conference after the closing ceremony of China's National People's Congress (NPC) at the Great Hall of the People in Beijing, China, March 15, 2017. Li was premier and head of China's cabinet under Xi for a decade until stepping down from all political positions in March. Adam Ni, an independent China political analyst, described Li as "a premier who stood powerless as China took a sharp turn away from reform and opening". A glowing 2014 state media profile of Li, praising him as "a calm and tough wall-breaker", went viral shortly after his death was announced. Li's frequent visits to disaster sites and his easy camaraderie when speaking to ordinary people were also highlighted on Chinese state media.

Persons: Li, Damir Sagolj, Li Keqiang, Xi Jinping, Xi, Deng Xiaoping, Alfred Wu, Lee, Zhu Rongji, Wen Jiabao, Wu, Adam Ni, Jiang Zemin, Deng, Li Yining, Hu Jintao, Cheng Hong, Laurie Chen, Tian, William Mallard Organizations: People's Congress, of, People, REUTERS, Rights, Communist Party, CCTV, Weibo, Australian National University, Lee Kuan Yew, of Public Policy, Peking University, Communist Party's Youth League, Youth League, Shanghai, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai, Singapore, Social, Anhui, Henan, Liaoning

☆ China's Former Premier Li Keqiang Has Died -State Media
▼ + stars: | 2023-10-26 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +1 min

BEIJING (Reuters) -China's former Premier Li Keqiang has died of a sudden heart attack aged 68, state media said on Friday. "Comrade Li Keqiang, while resting in Shanghai in recent days, experienced a sudden heart attack on Oct. 26 and after all-out efforts to revive him failed, died in Shanghai at ten minutes past midnight on Oct. 27," state broadcaster CCTV reported. The former Chinese premier and head of China's cabinet served under President Xi Jinping for a decade from 2013, retiring in March. The elite Peking University-educated economist was once viewed as a top Communist Party leadership contender, but became increasingly sidelined by Xi in recent years. (Reporting by Shanghai newsroom and Laurie Chen; Writing by Liz Lee; Editing by Shri Navaratnam and Jamie Freed)

Persons: Li Keqiang, Xi Jinping, Xi, Laurie Chen, Liz Lee, Shri Navaratnam, Jamie Freed Organizations: CCTV, Peking University, Communist Party, Shanghai Locations: BEIJING, Shanghai, China

☆ China smartphone shipments fall 5% y/y in Q3 to 66.7 mln handsets -Canalys
▼ + stars: | 2023-10-26 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Oct 26 (Reuters) - Smartphone shipments in China fell 5% year-on-year in the third quarter to 66.7 million handsets, research firm Canalys reported on Thursday. The Honor smartphone brand took first place by sales, while Huawei's market share rose, reaching that of leading manufacturers due to its new Mate 60 products, Canalys said. Reporting by Shanghai newsroom and Liz Lee; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Canalys, Liz Lee, Jamie Freed Organizations: Shanghai, Thomson Locations: BEIJING, China

☆ China will do utmost to contribute to Palestinian-Israeli reconciliation - state media
▼ + stars: | 2023-10-24 | by ( Liz Lee | ) www.reuters.com time to read: +3 min

Chinese Foreign Minister Wang Yi attends a press conference on the white paper on "A Global Community of Shared Future: China's Proposals and Actions", in Beijing, China September 26, 2023. REUTERS/Shubing Wang/File Photo Acquire Licensing RightsBEIJING, Oct 24 (Reuters) - China will do its utmost when it comes to contributing to Palestinian-Israeli reconciliation, its foreign minister told his Israeli counterpart in a phone call on Monday, according to Chinese state media. China will firmly support any resolution as long as it is conducive to peace, Foreign Minister Wang Yi told Israel's Eli Cohen, calling the conflict a "major choice between war and peace", state media said on Tuesday. China calls for the convening of a "more authoritative, wide-ranging and effective international peace conference" soonest to promote the resumption of peace talks between Israel and the Palestinians, Wang said. China and Russia share the same position that the legitimate national rights of the Palestinian people have not been met.

Persons: Wang Yi, Shubing Wang, Israel's Eli Cohen, Wang, Riyad al, Liz Lee, Jacqueline Wong, Michael Perry Organizations: REUTERS, Rights, Palestinian Foreign, Maliki, UN Security Council, Global Times, Thomson Locations: Beijing, China, Rights BEIJING, Palestinian, Israel, Gaza, Russia, United States, Shanghai

People look at the new iPhone 15 Pro as Apple's new iPhone 15 officially goes on sale across China at an Apple store in Shanghai, China September 22, 2023. Analysts say the iPhone 15 has not been selling as well in China as its predecessor. Counterpoint Research said last week that iPhone 15 sales in China were down 4.5% versus the iPhone 14 in the first 17 days after its market launch. The 512 GB iPhone 15 Pro Max, which has a 11,999 yuan price tag in Apple's store, can be bought for 10,698 yuan on Alibaba's e-commerce platform Taobao. The e-commerce platform iPhone 15 discounts were first reported by The Economic Observer weekly newspaper on Monday.

Persons: Aly, Alibaba, Sophie Yu, Brenda Goh, Alexander Smith Organizations: Apple, REUTERS, Rights, PDD Holdings, HK, Counterpoint Research, Reuters, Economic Observer, Shanghai, Thomson Locations: China, Shanghai, Rights BEIJING

☆ China says outlook worrisome as conflict spreads in Middle East, state media report
▼ + stars: | 2023-10-23 | by ( ) www.reuters.com time to read: +2 min

A view shows illumination flares in the sky by Israel's border with Lebanon, in northern Israel, as seen from its Israeli side October 21, 2023. The envoy Zhai Jun, who is visiting the Middle East, said spillover effects in the region and internationally are widening, as conflict along the Israeli-Lebanese and Israeli-Syrian borders spread, "making the outlook worrisome". Zhai also said China is willing to do "whatever is conducive" to promote dialogue, achieve ceasefire and restore peace, as well as to promote the two-state solution and a just and lasting resolution to the conflict, China Central Television said. China has provided and will continue to provide emergency humanitarian assistance to Palestinians through the United Nations and via bilateral channels to help alleviate the humanitarian crisis, Zhai added. Reporting by Liz Lee and Shanghai newsroom; Editing by Christian SchmollingerOur Standards: The Thomson Reuters Trust Principles.

Persons: Lisi Niesner, Zhai Jun, Zhai, Liz Lee, Christian Schmollinger Organizations: REUTERS, Rights, Lebanese, China Central Television, United Arab, United Nations, European, Thomson Locations: Lebanon, Israel, Rights BEIJING, China, Gaza, Qatar, United Arab Emirates, Saudi Arabia, Jordan, Egypt, Norway, European Union, Shanghai

☆ China Says Outlook Worrisome as Conflict Spreads in Middle East - State Media
▼ + stars: | 2023-10-22 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

BEIJING (Reuters) -China views the situation in Gaza as "very serious" with the risk of a large-scale ground conflict rising and the spread of armed conflicts along neighbouring borders, Chinese state media said on Monday, citing the country's Middle East special envoy. The envoy Zhai Jun, who is visiting the Middle East, said spillover effects in the region and internationally are widening, as conflict along the Israeli-Lebanese and Israeli-Syrian borders spread, "making the outlook worrisome". Zhai called on the international community to be "highly vigilant in this regard" and to take immediate action urging parties concerned to strictly abide by international humanitarian law and avoid a serious humanitarian disaster while putting in "joint efforts to control the situation". Zhai also said China is willing to do "whatever is conducive" to promote dialogue, achieve ceasefire and restore peace, as well as to promote the two-state solution and a just and lasting resolution to the conflict, China Central Television said. China has provided and will continue to provide emergency humanitarian assistance to Palestinians through the United Nations and via bilateral channels to help alleviate the humanitarian crisis, Zhai added.

Persons: Zhai Jun, Zhai, Liz Lee, Christian Schmollinger Organizations: Lebanese, China Central Television, United Arab, United Nations, European Locations: BEIJING, China, Gaza, Israel, Qatar, United Arab Emirates, Saudi Arabia, Jordan, Egypt, Norway, European Union, Shanghai

☆ Country Garden says founder, board chairperson at work, haven't left China
▼ + stars: | 2023-10-19 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 19 (Reuters) - Country Garden's founder and chairperson of the board are at work as usual, the debt-laden Chinese property developer said on social media on Thursday, denying online reports of the pair leaving the country. Founder Yeung Kwok Keung quit Country Garden's board in March and daughter Yang Huiyan became chairperson. Country Garden on Wednesday was due to pay a $15 million coupon payment on a bond due September 2025, but two bondholders told Reuters they were yet to receive it. On Wednesday, it said it was unlikely to be able to meet most of its upcoming offshore debt payments. Country Garden has almost $11 billion of offshore bonds outstanding.

Persons: Yeung Kwok Keung, Yang Huiyan, Yeung, Liz Lee, Scott Murdoch, Kim Coghill, Christopher Cushing Organizations: Reuters, Thomson Locations: BEIJING, Shanghai

☆ China Ready to Liaise With Russia on Mid-East Crisis - Chinese State Media
▼ + stars: | 2023-10-19 | by ( Oct. | At P.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - China is ready to maintain communication and coordination with Russia to cool down the Israel-Palestinian crisis, its Middle East special envoy said after meeting with his Russian counterpart this week, Chinese state media reported. China and Russia share the same position on the Palestinian issue, Zhai Jun said after meeting with Russia's special representative for Middle East and African countries in Doha, Qatar on Thursday. He said China is saddened by the humanitarian crisis, and is ready to play a "positive role in the resumption of Palestinian-Israeli peace talks", as well as the "genuine implementation" of the two-state solution, state media said. (Reporting by Liz Lee and Shanghai newsroom; Editing by Muralikumar Anantharaman)

Persons: Zhai Jun, Liz Lee, Muralikumar Anantharaman Organizations: Middle Locations: BEIJING, China, Russia, Israel, Middle East, Doha, Qatar, Shanghai

☆ Exclusive: China tells banks to roll over local government debts as risks mount - sources
▼ + stars: | 2023-10-17 | by ( ) www.reuters.com time to read: +6 min

Local government debt reached 92 trillion yuan ($12.58 trillion), or 76% of the country's economic output in 2022, up from 62.2% in 2019. Reuters is reporting these measures for banks to defuse local debt risks for the first time. Banks are being encouraged to issue new loans to LGFVs to repay bonds and non-standard debt, the sources said. And, Chinese investors are rushing to buy bonds of LGFVs, including from the riskiest issuers, as Beijing's attempts to reduce local debt risks encourages them to bet on an implicit government guarantee. Over 2.1 trillion yuan LGFV bonds matured in the first half of 2023, and another 1.75 trillion yuan in the second half of this year and 1.69 trillion yuan in the first half of 2024, the highest maturity pressure in history, the note said.

Persons: Tyrone Siu, ”, National Financial Regulatory Administration didn't, Banks, CLIFF LGFVs, LGFVs, Simon Cameron, Moore, Kim Coghill Organizations: AIA Central, China Construction Bank, Bank of China, Cheung, Cheung Kong Centre, HSBC, Standard Chartered Bank, REUTERS, Rights, People's Bank of China, Reuters, Treasury, National Financial Regulatory Administration, Communist Party, ANZ Research, UBS, Financial, Beijing, Shanghai, Thomson Locations: Cheung Kong, Hong Kong, China, Rights BEIJING, Beijing, Tianjin, Guizhou, Guangxi

The individuals' accounts varied but were consistent in describing heightened scrutiny of overseas travel even after China reopened borders in January. Reuters is reporting these measures and the scope of some post-COVID travel curbs for the first time. NEW LIMITSRestrictions on personal foreign travel have long applied to senior government officials and state executives with access to confidential information. MAPPING CONNECTIONSChinese authorities are also scrutinising personal foreign ties, according to a document seen by Reuters, one of the 10 people who discussed travel curbs and three other state-enterprise workers with knowledge of the matter. Thomas said the travel curbs in particular would have implications for China's interactions with the world.

Persons: Carlos Garcia Rawlins, Xi, Neil Thomas, Thomas, Wang Zhi'an, Engen Tham, Julie Zhu, Kane Wu, Xie Yu, Martin Quin Pollard, David Crawshaw, Vidya Ranganathan Organizations: REUTERS, Rights, Reuters, Asia Society, Center for, State, Information Office, Communist Party, China Construction Bank, China Development Bank, National Council for Social Security Fund, Municipal Eco, Communist, Communist Youth League, Ministry of State Security, U.S . Central Intelligence Agency, CIA, Beijing, Thomson Locations: China, Beijing, Rights SHANGHAI, HONG KONG, Center for China, Washington, Shanghai, Zhejiang, Hong Kong, Singapore, Ningbo, Wenzhou, Japan, Italy

☆ China central bank ramps up liquidity support via policy loans, rate unchanged
▼ + stars: | 2023-10-16 | by ( ) www.reuters.com time to read: +2 min

Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File photo Acquire Licensing RightsSHANGHAI, Oct 16 (Reuters) - China's central bank ramped up liquidity support to the banking system as it rolled over medium-term policy loans on Monday, but kept the interest rate unchanged as expected. It held the rate on the one-year policy loans at 2.50%, unchanged from the previous operation. With 500 billion yuan worth of MLF loans maturing, the PBOC is injecting fresh liquidity into the banking system. Market watchers polled by Reuters last week predicted no change to the MLF rate.

Persons: Tingshu Wang, PBOC, Stone Zhou, Xing Zhaopeng, Christian Schmollinger Organizations: People's Bank of China, REUTERS, Rights, Reuters, Global Markets, UOB, ANZ, Shanghai, Thomson Locations: Beijing, China, U.S, UOB China, Liaoning, Chongqing, United States

☆ China FX regulator says CBDC features could improve monetary policy
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

China's official app for digital yuan is seen on a mobile phone next to 100-yuan banknotes in this illustration picture taken October 16, 2020. REUTERS/Florence Lo/Illustration/File photo Acquire Licensing RightsSHANGHAI, Oct 13 (Reuters) - A Chinese foreign exchange regulator official said "programmable features" of a central bank digital currency (CBDC) could help enhance the effectiveness of monetary policy tools, state media reported on Friday. China is among a host of countries developing their own CBDCs - digital tokens issued by central banks - although adoption is still in its early stages. Lu said he expected the People's Bank of China (PBOC) could explore the features to adjust rates of CBDC, which could also be used manage the macro economy. Transactions using China's CBDC, the e-CNY, hit 1.8 trillion yuan ($249.33 billion) at end-June.

Persons: Florence Lo, Lu Lei, Lu, Sam Holmes Organizations: REUTERS, Rights, State Administration of Foreign Exchange, Shanghai Securities News, People's Bank of China, Bank of International, Shanghai, Thomson Locations: China

☆ China warns of big waves, wind and rain as Typhoon Koinu approaches
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +1 min

FILE PHOTO: A worker cuts the metal structure of a fallen sign before carrying it to truck after Typhoon Koinu passed the southern tip of Taiwan, in Kenting, Taiwan October 5, 2023. REUTERS/Carlos Garcia Rawlins/File Photo Acquire Licensing RightsSHANGHAI, Oct 7 (Reuters) - China warned on Saturday of big waves, heavy rain and strong wind as Typhoon Koinu approaches the southern province of Guangdong and Hainan island. Koinu, which means "puppy" in Japanese, is heading west along China's southern coast at a speed of 5-10 kph, the National Meteorological Centre. It is expected to weaken into a strong tropical storm from late on Monday. Koinu had killed one person and injured almost 400 people in Taiwan, causing some of the most extensive damage on remote Orchid Island off the island's east coast.

Persons: Koinu, Carlos Garcia Rawlins, Robert Birsel Organizations: REUTERS, Rights, South China, State Oceanic Administration, National Meteorological, Shanghai, Thomson Locations: Taiwan, Kenting, China, Guangdong, Hainan, South

☆ China expels former Bank of China chairman from Communist Party
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

The headquarters of the Central Commission for Discipline Inspection of the Communist Party of China is pictured in Beijing, China February 10, 2018. REUTERS/Jason Lee/File Photo Acquire Licensing RightsSHANGHAI, Oct 7 (Reuters) - China's ruling Communist Party has expelled the former chairman of the state-owned Bank of China from the party, accusing him of illegal activities and taking bribes, the top anti-graft watchdog said on Saturday. Liu Liange was accused of illegally granting loans and causing significant financial risks, the Central Commission for Discipline Inspection (CCDI) said in a statement on its website. Liu, born in 1961, had been working in banking and finance institutions, including in the central People's Bank of China and the Export-Import Bank of China, before he was promoted to become chairman of the Bank of China in 2019. Two weeks later, state media reported that the CCDI had opened an investigation into him on suspicion of serious violations of party discipline and laws.

Persons: Jason Lee, Liu Liange, Liu, Xi Jinping, Robert Birsel Organizations: Central Commission, Communist Party of, REUTERS, Rights, Communist Party, of China, Reuters, People's Bank of China, Export, Import Bank of, Bank of, Shanghai, Thomson Locations: Communist Party of China, Beijing, China, People's, Import Bank of China, Bank of China

☆ China's cross-border trips during Golden Week holiday recover to 85% of pre-pandemic level
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Florence Lo/File Photo Acquire Licensing RightsSHANGHAI, Oct 7 (Reuters) - China's inbound and outbound trips surged during the eight-day Golden Week holiday this year, official data showed on Saturday, recovering to 85% of their pre-pandemic level but lower than an earlier government estimate. That was equivalent to 85.1% of the number of average trips made in the same period in 2019, and nearly quadruple the 2022 average, the administration said. It had earlier said it expected an average of 1.58 million daily inbound and outbound passenger trips during the holiday. This compared with 830.8 yuan per trip in 2019 when the holiday was seven days long, and 680.6 yuan last year. Travellers made 826 million trips within mainland China, up 71.3% from a year ago and 4.1% higher than in 2019, according to data released by the official Xinhua news agency.

Persons: Florence, Robert Birsel Organizations: REUTERS, Rights, National, National Immigration Administration, Travellers, Xinhua, Shanghai, Thomson Locations: Beijing, China, Thailand

☆ China central-bank adviser proposes structural reforms to revive economy
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +2 min

[1/2] Paramilitary police officers stand guard in front of the headquarters of the People's Bank of China, the central bank (PBOC), in Beijing, China September 30, 2022. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsSHANGHAI, Sept 24 (Reuters) - China has limited room for further monetary policy easing, and it should pursue structural reforms such as encouraging entrepreneurs rather than counting on macroeconomic policies to revive growth, a central bank adviser said on Sunday. "More importantly, we will again miss the opportunity for structural reforms." Liu proposed on Sunday a new round of structural reforms that could aid the economy immediately, while also injecting long-term growth momentum. Liu said on Sunday that China should give clearer recognition to private businesses' status, both ideologically and politically.

Persons: Tingshu Wang, Liu Shijin, Liu, Jamie Freed Organizations: People's Bank of China, REUTERS, Rights, People's Bank of China's, U.S, Bund Summit, Development Research Center, State Council, Shanghai, Thomson Locations: Beijing, China, Shanghai

☆ China state asset manager plans $14 bln emerging industry fund -report
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

SHANGHAI, Sept 24 (Reuters) - China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. China's state-owned enterprises (SOEs) have been ramping up investment in emerging and strategic industries such as artificial intelligence, new energy, new materials and biotech as part of Beijing's SOE reforms. China Reform Holdings was set up in 2021 and tasked with deepening SOE reforms. It managed nearly 860 billion yuan of assets at the end of 2022, according to the company's website. ($1 = 7.2980 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Jamie Freed Organizations: China Reform Holdings Corp, China Business, SOE, China Reform Holdings, Shanghai, Thomson Locations: SHANGHAI, China, China's

☆ China state asset manager plans $14 billion emerging industry fund, China Business News reports
▼ + stars: | 2023-09-24 | by ( ) www.reuters.com time to read: +1 min

Coins and a banknote of China's yuan are seen in this illustration picture taken February 24, 2022. REUTERS/Florence Lo/Illustration/File Photo Acquire Licensing RightsSHANGHAI, Sept 24 (Reuters) - China Reform Holdings Corp, a Chinese manager of state assets, plans to raise at least 100 billion yuan ($13.70 billion) for a fund that will invest in emerging industries, the China Business News reported on Sunday. China Reform Holdings was set up in 2021 and tasked with deepening SOE reforms. It managed nearly 860 billion yuan of assets at the end of 2022, according to the company's website. ($1 = 7.2980 Chinese yuan renminbi)Reporting by Shanghai newsroom; Editing by Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Florence Lo, Jamie Freed Organizations: REUTERS, Rights, China Reform Holdings Corp, China Business, SOE, China Reform Holdings, Shanghai, Thomson Locations: China, China's

[1/5] People stand outside an Apple Store as Apple's new iPhone 15 officially goes on sale across China, in Shanghai, China September 22, 2023. REUTERS/Aly Song Acquire Licensing RightsSHANGHAI/BEIJING, Sept 22 (Reuters) - Over a hundred customers queued inside Apple's (AAPL.O) flagship store in the Chinese financial hub of Shanghai on Friday, waiting to pick up their iPhone 15 orders on the first day of in-store availability. But the strength of pre-orders in the world's second-largest economy, which began last Friday, has eased worries, with delivery times pushed into November and the premium iPhone 15 Pro and Pro Max selling out in just one minute on Alibaba's (9988.HK) Tmall e-commerce site. Among those at the store was social media influencer Zhang Ming, 25, who said she wanted to try out the iPhone 15 after being unsuccessful in pre-ordering online. The iPhone 15 includes a new titanium shell, a faster chip and improved videogame-playing abilities.

Persons: Aly, Pro Max, Zhang Ming, Apple, Wang Puyu, Nicoco Chan, Brenda Goh, Christopher Cushing Organizations: Apple, REUTERS, Rights, Huawei, Pro, HK, Tmall, Shanghai, Thomson Locations: China, Shanghai, Rights SHANGHAI, BEIJING, Nanjing, Mo, Beijing

☆ Exclusive: China scrutinizes quant strategies as market weakness stokes public anger - sources
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +4 min

A man wearing a protective mask is seen inside the Shanghai Stock Exchange building, as the country is hit by a new coronavirus outbreak, at the Pudong financial district in Shanghai, China February 28, 2020. Separately, the Shanghai and Shenzhen stock exchanges, under the CSRC's guidance, have sought information from major quant funds on their money-making strategies, another source said. The weakness has triggered finger-pointing in social media, as well as criticism from fund managers and retail investors against these quant funds and short sellers. Short-selling activities by quant funds could also be caught in the crossfire, he said. Another brokerage source said the CSRC asked them to elaborate on the size of their quant clientele and whether quant trading had impacted recent stock market.

Persons: Aly, shortsellers, Yuan Yuwei, Yang Tingwu, Shri Navaratnam Organizations: Shanghai Stock Exchange, REUTERS, Rights, China Securities Regulatory Commission, Global, Sigma, Huatai Securities, China's, Quant Investment, Yanfu Investments, Shanghai Minghong Investment Management Co, Wisdom Asset, Tongheng Investment, Shanghai, Thomson Locations: Pudong, Shanghai, China, Shenzhen, Winton, Beijing

☆ China committed to opening itself wider to the world -vice president
▼ + stars: | 2023-09-21 | by ( ) www.reuters.com time to read: +2 min

Chinese Vice President Han Zheng addresses the 78th Session of the U.N. General Assembly in New York City, U.S., September 21, 2023. REUTERS/Eduardo Munoz Acquire Licensing RightsBEIJING, Sept 22 (Reuters) - China's Vice President Han Zheng said the country is committed to opening itself wider to the world and will always be a member of the big family of developing countries, Chinese state media reported. On the Ukraine conflict, Han said: "China supports all efforts that are conducive to the peaceful resolution of the Ukraine crisis and stands ready to continue playing a constructive role for the early attainment of peace." It has offered its own peace plan, which received a lukewarm response in both Russia and Ukraine. Reporting by Bernard Orr and Shanghai newsroom; Editing by Tom Hogue and Stephen CoatesOur Standards: The Thomson Reuters Trust Principles.

Persons: Han Zheng, Eduardo Munoz, Han, Wang Yi, Sergei Lavrov, Aleksandar Vucic, Bernard Orr, Tom Hogue, Stephen Coates Organizations: General Assembly, REUTERS, Rights, United Nations General Assembly, Xinhua, Serbian, UN, Thomson Locations: New York City, U.S, Rights BEIJING, China, Ukraine, Beijing, Moscow, Russia, Shanghai

☆ China Vice President Says Country Committed to Opening Itself Wider to the World
▼ + stars: | 2023-09-21 | by ( Sept. | At P.M. | ) www.usnews.com time to read: 1 min

BEIJING (Reuters) - China's Vice President Han Zheng said the country is committed to opening itself wider to the world and will always be a member of the big family of developing countries, Chinese state media reported. Speaking at the general debate of the 78th session of United Nations General Assembly, Han also said China is committed to an independent foreign policy and safeguarding its sovereignty and territorial integrity, according to a late Thursday report from Xinhua. "The legitimate security concerns of all countries should be addressed, the sovereignty and territorial integrity of all countries should be respected, and differences and disputes should be resolved in a peaceful way through dialogue and consultation," Han said. (Reporting by Bernard Orr and Shanghai newsroom; Editing by Tom Hogue)

Persons: Han Zheng, Han, Bernard Orr, Tom Hogue Organizations: United Nations General Assembly, Xinhua Locations: BEIJING, China, Shanghai

☆ Exclusive: Huawei unit ships Chinese-made surveillance chips in fresh comeback sign -sources
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +4 min

Hauwei also unveiled new smartphones in recent weeks that use advanced chips, which analysts say are domestically made. "These surveillance chips are relatively easy to manufacture compared to smartphone processors," said the source familiar with the surveillance camera industry's supply chain, adding that HiSilicon's return would shake up the market. A key factor is that the company appears to have worked around U.S. restrictions on chip design software. Huawei has not commented on the phone's 5G capabilities or how it produced the advanced chip. The United States has no evidence that Huawei can produce smartphones with advanced chips in large volumes, U.S. Commerce Secretary Gina Raimondo said on Tuesday.

Persons: Hauwei, Frost, Sullivan, HiSilicon, Taiwan's TSMC, Gina Raimondo, Dan Hutcheson, Shanghai Newsrooms, Fanny Potkin, Gerry Doyle Organizations: Huawei Technologies, Huawei, Securities, Novatek Microelectronics Corp, Semiconductor Manufacturing International Corp, HK, Kirin, United, . Commerce, Cadence Design Systems, Synopsys Inc, Siemens, Thomson Locations: BEIJING, SHANGHAI, U.S, Kirin, China, United States, Beijing, Shanghai, Singapore

☆ Exclusive: Huawei unit ships Chinese-made surveillance chips in fresh comeback sign
▼ + stars: | 2023-09-20 | by ( ) www.reuters.com time to read: +5 min

Huawei also unveiled new smartphones in recent weeks that use advanced chips, which analysts say are domestically made. "These surveillance chips are relatively easy to manufacture compared to smartphone processors," said the source familiar with the surveillance camera industry's supply chain, adding that HiSilicon's return would shake up the market. A key factor is that the company appears to have worked around U.S. restrictions on chip design software. HiSilicon mainly supplies chips for Huawei equipment but has had external customers such as Dahua Technology (002236.SZ) and Hikvision (002415.SZ). The United States has no evidence that Huawei can produce smartphones with advanced chips in large volumes, U.S. Commerce Secretary Gina Raimondo said on Tuesday.

Persons: Florence, Frost, Sullivan, HiSilicon, Taiwan's TSMC, Gina Raimondo, Dan Hutcheson, Shanghai Newsrooms, Fanny Potkin, Gerry Doyle Organizations: Security China, REUTERS, Rights, Huawei Technologies, Huawei, Securities, Novatek Microelectronics Corp, Semiconductor Manufacturing International Corp, HK, Kirin, United, . Commerce, Cadence Design Systems, Synopsys Inc, Siemens, Thomson Locations: Beijing, China, Rights BEIJING, SHANGHAI, U.S, Kirin, United States, Shanghai, Singapore

Search resuls for: "Shanghai Newsroom"

25 mentions found