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☆ BHP train drivers to start 'restrained' industrial action on Friday
▼ + stars: | 2023-11-20 | by ( ) www.reuters.com time to read: +2 min

BHP's iron ore operations include four processing hubs and five mines that are linked by more than 1,000 km (621 miles) of rail and port facilities. BHP said that the proposed action would present logistical challenges but that it had put in place arrangements to mitigate the impact. Worries about a strike had lent support to iron ore prices, which are trading at the highest levels since February. "Concerns over disruptions on the supply side due to the looming strike at BHP in Australia contributed to higher iron ore prices today," said Pei Hao, a Shanghai-based analyst at international brokerage FIS. Drivers received an offer from BHP last Wednesday that did not meet their expectations around rostering, arbitration and camp standards, Busson added.

Persons: Dado Ruvic, Greg Busson, Busson, Pei Hao, BHP, Melanie Burton, Amy Lv, Gerry Doyle Organizations: BHP, REUTERS, Rights MELBOURNE, Reuters, Monday, Mining, Energy Union WA, Drivers, Thomson Locations: WA, Australia, Shanghai, rostering, Rio Tinto's, Beijing

☆ See inside Nvidia's giant 'Voyager' HQ — a futuristic office where work meets nature
▼ + stars: | 2023-11-19 | by ( Polly Thompson | ) www.businessinsider.com time to read: +6 min

US chipmaker Nvidia opened its "Voyager" office last year. Jason O'Rear / Gensler San FranciscoNamed "Voyager," the building was designed by the architectural firm Gensler – and yes, it was named after a "Star Trek" starship. Jason O'Rear / Gensler San FranciscoKo said his firm's research showed collaboration was most effective when teams operated in the same spaces. Jason O'Rear / Gensler San FranciscoEngineers at Nvidia had previously been siloed in traditional workstations, while other teams were stationed on different floors and even in different buildings. Jason O'Rear / Gensler San FranciscoThe "four-acre workspace" features parks and '"treehouses" for gatherings, while shading trellis lined with solar panels blends into the building's structure.

Persons: —, Jensen Huang, Huang, Jason O'Rear, Gensler –, Hao Ko, Ko, Francisco Ko, San, Santa Clara Organizations: Nvidia, Service, Harvard Business, Santa, San Francisco Engineers Locations: Santa Clara, Francisco, San Francisco

☆ China's consumer confidence is 'very slowly' improving, economist says
▼ + stars: | 2023-11-09 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina's consumer confidence is 'very slowly' improving, economist saysHao Hong, partner and chief economist at Grow Investment Group, discusses China's economic outlook, including on interest rates.

Persons: Hao Hong Organizations: Grow Investment

☆ China's imports unexpectedly grow in Oct, exports extend declines
▼ + stars: | 2023-11-07 | by ( ) www.reuters.com time to read: +2 min

Exports shrank 6.4% from a year earlier in October, customs data showed on Tuesday, faster than a 6.2% decline in September and worse than a 3.3% fall expected in a Reuters poll. The bad exports data may hit market confidence as we had expected the supply chain of exports to recover," said Zhou Hao, economist at Guotai Junan International. "The significant improvement in imports may come from rising domestic demand, in particular a demand to replenish stocks." However, in a sign trade is finding some footing, South Korean exports to China fell at their slowest pace in 13 months in October. China's manufacturing activity unexpectedly contracted in October, data showed last week, complicating policymakers' efforts to revive growth.

Persons: Zhou Hao, Joe Cash, Ellen Zhang, Sam Holmes Organizations: REUTERS, Rights, Imports, Guotai, Analysts, Thomson Locations: Qingdao, Shandong province, China, Rights BEIJING, North American, Korean

☆ Antisemitic Comments Increase Across Chinese Social Media
▼ + stars: | 2023-10-29 | by ( Liyan Qi | ) www.wsj.com time to read: 1 min

The Israeli Embassy in Beijing this month. Photo: wu hao/ShutterstockAs war erupts between Israel and Hamas, a wave of antisemitic comments is sweeping through China’s social media. In recent days, searches and mentions involving the phrase “anti-Jew” skyrocketed on the Chinese app WeChat . On news stories about the Middle East turmoil, some comments have ranged from outright threats against Jews to negativity directed at anyone defending Israeli actions in the conflict. Influencers on Chinese social media who identify as Jewish have found themselves trolled by online mobs.

Persons: hao, ” Organizations: Embassy, Hamas Locations: Beijing, China, Israel

REUTERS/Jason Lee/File Photo Acquire Licensing RightsSummaryCompanies Property sales, investment fall at double-digit paceProperty slowdown remains drag on economic growthBEIJING, Oct 18 (Reuters) - China's property sales and investment posted double-digit declines as efforts to support big cities failed to bolster confidence in an industry struggling to emerged from crisis, although the pace of contraction slowed. Property investment fell 18.7% from a year earlier after a 19.1% drop in August, according to Reuters calculations. "S&P Global Ratings expects that the low number of construction starts, an inventory overhang in lower-tier cities, and ever-tightening escrow restrictions will keep property sales depressed," S&P's credit analysts said in a note on Monday. Property investment in the first nine months of 2023 fell by 9.1% from a year earlier, after slumping 8.8% in January-August, according to NBS data. Funds raised by China's property developers were down 13.5% year-on-year after a 12.9% slide in January-August.

Persons: Jason Lee, Zhou Hao, Liangping Gao, Ella Cao, Ryan Woo, Christian Schmollinger, Sam Holmes Organizations: REUTERS, National Bureau of Statistics, Country Garden Holdings, HK, Monetary Fund, Property, Thomson Locations: Beijing, China, BEIJING

☆ AI models can analyze thousands of words at a time. A Google researcher has found a way to increase that by millions.
▼ + stars: | 2023-10-16 | by ( Alistair Barr | ) www.businessinsider.com time to read: +6 min

A recent research paper revealed a new way to help AI models ingest way more data. Soon, you'll be able to put millions of words into context windows of AI models, researchers say. Bigger AI models can handle more, but only up to about 75,000. Massive context windowsThis Ring Attention method means that we should be able to put millions of words into the context windows of AI models, not just tens of thousands. AdvertisementAdvertisementThis chart shows some of the results of tests from the "Ring Attention" AI research paper.

Persons: you'll, —, Matei Zaharia, Pieter Abbeel, Claude, That's, OpenAI's, Hao Liu, Liu Organizations: Service, Google, UC Berkeley, Databricks, Nvidia Locations: GPT

☆ They viewed 16 apartments in 3 days, and finally bought their dream home for $371,000. It wasn't even on their initial list.
▼ + stars: | 2023-10-15 | by ( Amanda Goh | ) www.businessinsider.com time to read: +8 min

Soh Jun Hao and Grace Lim bought their public housing apartment in Singapore right before the pandemic. They viewed 16 apartments in 3 days and came across their forever home by chance. HaosofGraceIt took them 16 apartment viewings to find their dream home, which wasn't even on their initial list. A screengrab from Google Maps Street View showing the couple's apartment block. Amanda Goh/InsiderThe couple's apartment faces a park, and the view from their living room is hard to beat.

Persons: Soh Jun Hao, Grace Lim, —, Jun Hao, they've, Lim, Amanda Goh, " Lim, Soh, Lim's grandmother's, it's Organizations: Service, Housing Development Board, Google Locations: Singapore, Tampines

☆ China's 'Big Four' banks rally after state wealth fund boosts stake
▼ + stars: | 2023-10-12 | by ( Shreyashi Sanyal | ) www.cnbc.com time to read: +1 min

Bank of China is one of the major state-owned banks in China. China's sovereign wealth fund, Central Huijin Investment, increased its stake in four of the country's biggest banks late Wednesday in what is seen as a move to renew confidence in its stock market. Bank Of China, Agricultural Bank of China, Industrial and Commercial Bank of China and China Construction Bank shares rose between 2.43% and 4.73% in early trading on Thursday, while the broader CSI 300 index gained 0.69%. Central Huijin boosted its stake in each lender by 0.01 percentage point for the first time since 2015. Investor confidence in China's stock markets has been shaken by turmoil in its real estate sector as property giants such as Evergrande and Country Garden struggled to repay debt.

Persons: Hao Hong Organizations: of, Central Huijin Investment, Bank Of China, Agricultural Bank of China, Industrial, Commercial Bank of, China Construction Bank, Central Huijin, Grow Investment, Investor, Garden, CSI Locations: of China, China, Shanghai, Commercial Bank of China, Central

☆ Andrade wins vault gold, Biles wins silver despite fall at Worlds
▼ + stars: | 2023-10-07 | by ( ) www.reuters.com time to read: +3 min

Biles won her 21st World Championships gold medal in Friday's all-around event, with Andrade, the reigning champion, finishing second. But the order was reversed on Saturday as a near flawless Andrade won by a margin of 0.201 points. Algeria's Kaylia Nemour took the silver while American Shilese Jones took the bronze medal. Qiu scored a total of 15.100 points to claim the gold medal. Ahmad Abu Al Soud of Jordan took the bronze medal but missed out on automatic Olympic qualification.

Persons: Brazil's Rebeca Andrade, Yves Herman Acquire, Rebeca Andrade, Simone Biles, Biles, Andrade, Simone, Qiu, Kaylia Nemour, Shilese Jones, MCCLENAGHAN, Ireland's Rhys McClenaghan, Young, Ahmad Abu Al Soud, Jordan, Max Whitlock, Israel's Artem Dolgopyat, Kazuki Minami, Milad Karimi, Yang Liu of, Eleftherios Petrounias, Hao, Trevor Stynes, Toby Davis Organizations: Rights, American, Kazakhstan, Thomson Locations: Antwerp, Belgium, Rights ANTWERP, Friday's, China, American, British, Yang Liu of China, Greece

The spacecraft would also make room for 200 kilograms (440 pounds) of foreign science payloads, the agency said on its website. This could allow overseas partners to conduct lunar research by “piggybacking” off the mission, Chinese state media said. China is not alone in elevating its space program and lunar ambitions as multiple countries eye the potential scientific benefit, national prestige and access to resources and further deep space exploration that successful moon missions could bring. That same week, Russia’s first lunar mission in decades ended in failure with its Luna 25 spacecraft crashing into the moon’s surface. Its last mission, Chang’e-5, landed on the moon in December 2020 and returned with samples of lunar rocks and soil.

Persons: CNSA, ”, “ piggybacking, Artemis, Hu Hao, Hu, can’t, Pakistan’s Organizations: Hong Kong CNN, Space Administration, International Astronautical, United, NASA, Artemis, Aitken, European Space Agency Locations: Hong Kong, Beijing, Baku, Azerbaijan, China, Russia, Venezuela, South Africa, India, United States, Italian

☆ Five new cargo vessels heading for Ukrainian Black Sea ports -MarineTraffic
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

[1/4] Liberia-flagged bulk carriers Eneida and Ying Hao 01 are seen in the sea as they leave the sea ports of Chornomorsk and Pivdennyi, amid Russia's attack on Ukraine, near Odesa, Ukraine October 1, 2023. REUTERS/Stringer Acquire Licensing RightsKYIV, Oct 1 (Reuters) - Five new ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement to the Black Sea grain deal blocked by Russia, the MarineTraffic database showed on Sunday. The MarineTraffic database showed earlier on Sunday that three cargo vessels left Ukrainian Black Sea ports after loading, the latest to sail since Kyiv set up a temporary "humanitarian corridor" after Russia quit a deal allowing safe passage for Ukraine exports. The database identified the five vessels heading towards the ports as Olga, Ida, Forza Doria, New Legacy and Danny Boy. Deputy Prime Minister Oleksandr Kubrakov said last month that three cargo ships were heading towards Ukrainian Black Sea ports for further food and steel exports.

Persons: Ying Hao, Stringer, Olga, Ida, Forza, Danny Boy, Oleksandr Kubrakov, Moscow, Pavel Polityuk, Michael Perry, Kirsten Donovan Organizations: REUTERS, Rights, Russia, United, Thomson Locations: Liberia, Chornomorsk, Ukraine, Odesa, Russia, Ukrainian, Forza Doria, China, Egypt, Spain, Moscow, Kyiv, United Nations, Turkey

☆ Five more cargo ships head for Ukraine's Black Sea ports -deputy PM
▼ + stars: | 2023-10-01 | by ( ) www.reuters.com time to read: +2 min

[1/4] Liberia-flagged bulk carriers Eneida and Ying Hao 01 are seen in the sea as they leave the sea ports of Chornomorsk and Pivdennyi, amid Russia's attack on Ukraine, near Odesa, Ukraine October 1, 2023. REUTERS/Stringer Acquire Licensing RightsKYIV, Oct 1 (Reuters) - Five more ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement to the Black Sea grain deal blocked by Russia, a top Ukrainian official said on Sunday. "5 new vessels are waiting to be loaded in Ukrainian ports," Deputy Prime Minister Oleksandr Kubrakov said on the X social media platform. "Bulk carriers OLGA, IDA, DANNY BOY, FORZA DORIA, NEW LEGACY are going to export almost 120,000 (metric) tons of Ukrainian grain to Africa and Europe," he added. The three cargo vessels are the latest to sail since Kyiv set up a temporary "humanitarian corridor" after Russia quit a deal allowing safe passage for Ukraine's exports.

Persons: Ying Hao, Stringer, Oleksandr Kubrakov, DANNY BOY, FORZA, Kubrakov, Moscow, Pavel Polityuk, Michael Perry, Kirsten Donovan Organizations: REUTERS, Rights, FORZA DORIA, Ukrainian Navy, Russia, United, Thomson Locations: Liberia, Chornomorsk, Ukraine, Odesa, Russia, Africa, Europe, Moscow, Kyiv, United Nations, Turkey

☆ Five new cargo vessels heading for Ukrainian Black Sea ports: MarineTraffic
▼ + stars: | 2023-10-01 | by ( ) www.cnbc.com time to read: +1 min

A cargo ship carrying Ukrainian grain, and another originating from Ukraine, sail at the entrance of Bosphorus, in the Black Sea off the coast off Kumkoy, north of Istanbul, on November 2, 2022. Five new ships are on their way to Ukrainian sea ports using a new corridor opened to resume predominantly agricultural exports, an alternative arrangement to the Black Sea grain deal blocked by Russia, the MarineTraffic database showed on Sunday. The MarineTraffic database showed earlier on Sunday that three cargo vessels left Ukrainian Black Sea ports after loading, the latest to sail since Kyiv set up a temporary "humanitarian corridor" after Russia quit a deal allowing safe passage for Ukraine exports. The database identified the five vessels heading toward the ports as Olga, Ida, Forza Doria, New Legacy and Danny Boy. Deputy Prime Minister Oleksandr Kubrakov said last month that three cargo ships were heading towards Ukrainian Black Sea ports for further food and steel exports.

Persons: Olga, Ida, Forza, Danny Boy, Oleksandr Kubrakov, Ying Hao, Moscow Organizations: Russia, United Locations: Ukraine, Bosphorus, Kumkoy, Istanbul, Russia, Ukrainian, Forza Doria, China, Egypt, Spain, Moscow, Kyiv, United Nations, Turkey

An employee works on the production line at Jingjin filter press factory in Dezhou, Shandong province, China August 25, 2022. China's non-manufacturing PMI, which incorporates sub-indexes for service sector activity and construction, also rose, coming in at 51.7 versus August's 51.0. PROPERTY RISKSMore stable economic indicators will be welcomed by policymakers as they continue to grapple with a property sector debt crisis that has rattled global markets. Analysts say more policy support will be needed to ensure China's economy can hit the government's growth target of about 5% this year. "China's economy stabilised partly driven by the loosening of property sector policies," said Zhiwei Zhang, chief economist of Pinpoint Asset Management.

Persons: Siyi Liu, Zhou Hao, Zhiwei Zhang, Ryan Woo, Tina Qiao, Joe Cash, Michael Perry, William Mallard Organizations: REUTERS, National Bureau of Statistics, PMI, Guotai, China Evergrande, HK, Asian Development Bank, Analysts, Thomson Locations: Dezhou, Shandong province, China, BEIJING

☆ China's property crisis could take up to a decade to fix, warns an economist who was censored for his bearish views on the economy
▼ + stars: | 2023-09-27 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's property crisis may take up to a decade to resolve, economist Hao Hong told CNBC. Hong's WeChat and Weibo social media accounts were suspended last year after a series of bearish posts on China's economy. "Fixing the property sector may be a multi-year or even a decade's work in front of us. The property sector, along with related industries, contributes as much as 30% to the country's GDP. Still, there may be an upside ahead for China's economy once the property market's problems are resolved, Hong told CNBC.

Persons: Hao Hong, Hong's WeChat, —, Keng, that's, Hui Ka Yan, Hong, Hao, 洪, China's, Hong's, Li Daokui, Evergrande Organizations: CNBC, Weibo, Service, Grow Investment, China, Bloomberg, Investment, CFA, Twitter, Nikkei, Bank of Communications International, People's Bank of China Locations: China, Shanghai, Weibo

☆ Fixing China's property sector could take years — if not a decade, says economist
▼ + stars: | 2023-09-26 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

watch nowChina's urbanization drive may be drawing to a close — and that could further hurt the already ailing property sector, according to China economist Hao Hong. "Fixing the property sector may be a multi-year or even a decade's work in front of us. China's property market has been embattled by faltering consumer confidence, as property giants Evergrande and Country Garden are mired in debt problems. Not having an overbearing Chinese property sector actually is good for the Chinese economy going forward. Hong noted that 18 trillion yuan ($2.46 trillion) worth of Chinese property were sold two years ago.

Persons: Hao Hong, Hong, Hao, Qilai Shen, Keng, China's Organizations: Grow Investment, Hao Hong Grow Investment, Bloomberg, Getty Locations: China, Shanghai's, Shanghai

☆ Cargo vessel sets off from Ukrainian Black Sea port - source
▼ + stars: | 2023-09-26 | by ( ) www.reuters.com time to read: +2 min

KYIV, Sept 26 (Reuters) - A cargo vessel set off from a Ukrainian Black Sea port on Tuesday after loading but remained close to the port, an industry source said, without giving any further details. The vessel was the latest to set off from a Ukrainian Black Sea port since Kyiv established a temporary "humanitarian corridor" hugging the coastline following Russia's decision to quit a deal that had allowed safe Ukrainian exports. Two bulk carriers left the port of Chornomorsk last week via the humanitarian corridor. Deputy Prime Minister Oleksandr Kubrakov said last week that three cargo ships were heading towards Ukrainian Black Sea ports for further food and steel exports. The blockage of deep sea ports has already affected Ukrainian grain exports, which have decreased by 51% so far in September to 1.57 million tons from 3.21 million tons in the corresponding period last year.

Persons: Oleksandr Kubrakov, Ying Hao, Moscow, Pavel Polityuk, Timothy Organizations: United, Timothy Heritage, Thomson Locations: Ukrainian, Kyiv, Chornomorsk, China, Egypt, Spain, Ukraine, Moscow, United Nations, Turkey, Russia

☆ Fixing China's property sector will probably take a decade, economist says
▼ + stars: | 2023-09-26 | 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 EmailFixing China's property sector will probably take a decade, economist saysHao Hong, partner and chief economist of Grow Investment Group, says it's a "very challenging year" for China's economy, which has to be restructured to be "much healthier" and less reliant on its property sector.

Persons: Hao Hong Organizations: Grow Investment

But analysts say more policy support is needed to shore up consumer demand in the world's second-biggest economy, with a labour market recovery slowing and household income expectations uncertain. "In general the inflation (rate) still points to weak demand and requires more policy support for the foreseeable future." DEFLATION PRESSURESCompared with the previous month, CPI rose 0.3%, picking up from 0.2% in July, the statistics bureau said. Pork prices rose 11.4% month-on-month, versus no change in July, due to the impact of extreme weather in some areas. Factory-gate deflation moderated in August due to improving demand for some industrial products and rising international crude oil prices, the statistics bureau said.

Persons: Tingshu Wang, Zhou Hao, Bruce Pang, Jones Lang Lasalle, Premier Li Qiang, Kevin Yao, Joe Cash, Sam Holmes, William Mallard Organizations: REUTERS, National Bureau of Statistics, Reuters, Guotai, ANZ, Jones, Premier, Thomson Locations: Beijing, China, BEIJING, Ukraine

☆ China's trade slump narrows as stabilisation signs emerge
▼ + stars: | 2023-09-07 | by ( Joe Cash | ) www.reuters.com time to read: +3 min

“The trade data is marginally better, but I don’t think we should be reading too much into that: trade is still contracting,” said Frederic Neumann, chief Asia economist at HSBC. “There is a bit of a sign here of stabilisation, but I think there’s still a long way to go,” he added. “Looking ahead, whether China’s trade growth has already hit the bottom will hinge on several factors, the most important of which is obviously domestic demand.”Governments around the world are nervous about China’s economic slowdown with many exporting nations highly dependent on the country’s market for growth. However, trade with Japan dropped sharply, with outbound shipments from China to its neighbour down 20% in August year-on-year, while imports worsened by 17%. China posted a trade surplus of $68.36 billion in August, compared with a forecast $73.80 billion and a July figure of $80.6 billion.

Persons: Aly, ”, Frederic Neumann, Zhou Hao, it’s, Nie Wen Organizations: REUTERS, HSBC, Guotai, “, Australian, Hwabao Trust Locations: BEIJING, Shanghai, China, Asia, Beijing, United States, Southeast Asia, Australia, Japan, Tokyo, Brazil

An unprecedented liquidity crisis in China's vast property sector is a major risk to a sputtering post-COVID recovery in the world's second-biggest economy, which has rattled global markets. Country Garden debt payment extension buys time for China's largest private developer to avoid default, and is good news for financial markets and the Chinese government, which has announced a raft of measures to support the property sector. In Friday's vote, 56.08% of participating Country Garden onshore creditors approved the extension, 43.64% opposed and 0.28% abstained, an official document shared with bondholders showed. Country Garden did not immediately respond to a request for comment. A default by Country Garden would have exacerbated the real estate crisis and put more strain on its onshore lenders.

Persons: spiralled, Junan, Zhou Hao, Moody's, Xie Yu, Kevin Huang, Li Gu, Sumeet Chatterjee, William Mallard Organizations: Reuters, HK, China Evergrande, Thomson Locations: HONG KONG, Beijing, China, Caa1, Hong Kong, Shanghai

☆ US Commerce Secretary Raimondo in Beijing: What it means for U.S.-China relations
▼ + stars: | 2023-08-28 | 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 EmailUS Commerce Secretary Raimondo in Beijing: What it means for U.S.-China relationsHao Hong, Grow Investment Group chief economist, and Jessica Lessin, The Information founder and editor-in-chief, join 'Squawk on the Street' to discuss Lessin's sense of dialogue between China and the U.S. Commerce Department, Hong's insights on the impact of Raimondo's visit, and more.

Persons: Raimondo, Hao Hong, Jessica Lessin Organizations: US, U.S, Grow Investment Group, U.S . Commerce Department Locations: Beijing, China

☆ China accuses government worker of spying for the CIA in second public espionage claim
▼ + stars: | 2023-08-21 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

CNN —Chinese authorities on Monday publicly accused a government worker of spying for the CIA, the second high-profile espionage case publicized this month as Beijing ramps up its emphasis – and rhetoric – on national security. The 39-year-old Chinese national, identified only by his surname Hao, became acquainted with a US embassy official in Japan while applying for a US visa, the ministry said. Upon returning to China, Hao landed a job at a government ministry, and allegedly met with CIA agents multiple times to “provide intelligence and collect espionage funds,” the Chinese spy agency claimed. The secretive agency, which overseas intelligence and counterintelligence both within China and overseas, has taken on a higher profile to warn the Chinese public against espionage. Earlier in August, two US Navy sailors in California were arrested for allegedly providing sensitive US military information to Chinese intelligence officers.

Persons: Hao, ” Hao, ”, Xi Jinping Organizations: CNN, CIA, Ministry of State Security, US Locations: Beijing, Japan, China, Italy, WeChat, United States, California

☆ China investigates citizen accused of spying for CIA, security ministry says
▼ + stars: | 2023-08-20 | by ( ) www.reuters.com time to read: +2 min

Security cameras are seen at the U.S. embassy in Beijing, China July 26, 2018. REUTERS/Damir Sagolj/File Photo Acquire Licensing RightsBEIJING, Aug 21 (Reuters) - China is investigating a Chinese national accused of spying for the U.S. Central Intelligence Agency (CIA), the country's state security ministry said on Monday. The 39-year-old Chinese national, surnamed Hao, was a cadre at a ministry and had gone to Japan for studies, which was where the spying recruitment occurred, the ministry said. The statement came less than two weeks after the ministry said it uncovered another national also suspected of spying for the CIA after being recruited in Italy. Relations between the United States and China have soured in recent years over a range of issues, including national security.

Persons: Damir Sagolj, Hao, Ted, Li Jun, Li, Liz Lee, Elaine Lies, Gerry Doyle Organizations: U.S, REUTERS, Rights, U.S . Central Intelligence Agency, CIA, Thomson Locations: Beijing, China, Rights BEIJING, Japan, Italy, The U.S, Tokyo, United States, Washington, Shanghai

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