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Hong Kong CNN —Canada has banned Chinese super-app WeChat on official government devices citing cybersecurity risks, following similar action taken against short-form video app TikTok earlier this year. CNN has reached out to Tencent, the owner of Wechat, and Kaspersky Lab for comment. In February, the Canadian government banned TikTok, owned by Beijing-based ByteDance, from government-issued mobile devices in light of cybersecurity concerns. Relative to TikTok, Wechat has been a less prominent target of global governments over the past year in part because it is much more popular among Chinese speakers. In August 2020, then-US President Donald Trump tried to ban Wechat along with TikTok by issuing executive orders.
Persons: Yintao Yu, Wechat, Donald Trump, Joe Biden Organizations: Hong Kong CNN —, Kaspersky, Treasury Board of Canada, CNN, Facebook, Twitter, PayPal, Chinese Communist Party, Trump Locations: Hong Kong, Hong Kong CNN — Canada, Russian, China, Beijing, California
Janet Yellen, United States Secretary of Treasury, participates in global infrastructure and investment forum in New York, Thursday, Sept. 21, 2023. Seth Wenig/Pool via REUTERS/File Photo Acquire Licensing RightsWASHINGTON, Oct 31 (Reuters) - The Republican and Democratic leaders of a U.S. congressional committee on China urged Treasury Secretary Janet Yellen to urgently implement outbound investment restrictions on the country, warning that Beijing was using American capital to develop technologies as her department debated new rules. China has condemned the move, but some U.S. lawmakers have argued it has too many loopholes. Yellen should adopt a broad definition of technology in her guidelines on the investment restrictions, the lawmakers said in the letter, dated Oct. 30, arguing China had blurred the lines between commercial and military technology. Some U.S. officials have said the outbound investment rules should not be overly broad to avoid harming the U.S. economy.
Persons: Janet Yellen, Seth Wenig, Joe Biden, deliberates, Mike Gallagher, Raja Krishnamoorthi –, Gallagher, Krishnamoorthi, Michael Martina, Sandra Maler Organizations: Treasury, Rights, Republican, Democratic, Chinese Communist Party, CCP, U.S, Biden, Thomson Locations: United States, New York, China, Beijing, U.S
China to cremate 'outstanding' leader Li Keqiang on Thursday
  + stars: | 2023-10-31 | by ( ) www.reuters.com   time to read: +1 min
Newspapers with the obituary of late former Chinese Premier Li Keqiang on the front page are displayed, at a newsstand in Beijing, China October 28, 2023. REUTERS/Tingshu Wang/File Photo Acquire Licensing RightsBEIJING, Oct 31 (Reuters) - China will cremate the remains of former Premier Li Keqiang on Thursday, when flags will fly at half mast across the country in mourning for an "outstanding" leader, the official Xinhua news agency reported. Li, a former economist and pro-reform leader who served as the premier for 10 years before retiring in March, died of a heart attack on Friday. Li's death was a huge loss to the Communist Party and the nation, according to an official obituary posted by Xinhua last week. But Li, once viewed as a Communist Party leadership contender, was sidelined in recent years, analysts and diplomats said, as President Xi Jinping tightened his grip on economic policymaking.
Persons: Li Keqiang, Tingshu Wang, Li, Xi Jinping, Ryan Woo, Ethan Wang, Robert Birsel Organizations: REUTERS, Rights, Xinhua, CPC, Party, Chinese Communist Party, of, Communist Party, Thomson Locations: Beijing, China, Rights BEIJING, Shanghai
North Korea closes multiple embassies around the world
  + stars: | 2023-10-31 | by ( Hyonhee Shin | ) www.reuters.com   time to read: +3 min
The North Korean flag flutters at the North Korea consular office in Dandong, Liaoning province, China April 20, 2021. Both Angola and Uganda have forged friendly ties with North Korea since the 1970s, maintaining military cooperation and providing rare sources of foreign currency such as statue-building projects. "This can be a sign of North Korea's difficult economic situation, where it is difficult to maintain even minimal diplomatic relations with traditionally friendly countries." North Korea has formal relations with 159 countries, but had 53 diplomatic missions overseas, including three consulates and three representative offices, until it pulled out of Angola and Uganda, according to the ministry. Correspondence with the Spanish Communist Party released on the party's website showed the North Korean embassy announcing the closing in a letter dated Oct. 26.
Persons: Tingshu Wang, KCNA, Chad O'Carroll, Kim Jong, Hyonhee Shin, Hyunsu Yim, hyang Choi, Josh Smith, Gerry Doyle, Ed Davies Organizations: North, REUTERS, Rights, NK Pro, Spanish Communist Party, North Korean, Thomson Locations: North Korea, Dandong, Liaoning province, China, Rights SEOUL, Spain, Hong Kong, Africa, Korean, Angola, Uganda, Korea, Italy, Madrid, Pyongyang, United States
BEIJING (AP) — The remains of former Chinese Premier Li Keqiang are to be cremated on Thursday, with flags around the country to be flown at half-staff to mourn the official who helped guide the world’s second-largest economy for a decade. Mourners gathered at his childhood home in the city of Hefei in an apparently spontaneous outpouring of grief seen by some as a rebuke of state leader and head of the ruling Communist Party Xi Jinping. Li was once seen as a potential top leader, but the trained economist was shunted aside in a leadership shakeup last year and replaced with Xi loyalist Li Qiang. Political Cartoons View All 1227 ImagesAlthough he was the Communist Party's second-ranking official, Li received far less attention from state media outlets than Xi. Flags will be lowered at government offices, including in the semi-autonomous cities of Hong Kong and Macao and at Chinese consulates and embassies around the world, Xinhua said.
Persons: Li Keqiang, Li, Xi, shakeup, Li Qiang Organizations: BEIJING, Communist, Central Financial Commission, China Securities Regulatory Commission, Communist Party, Party, Xinhua News Agency, Xinhua Locations: Hefei, China, Hong Kong, Macao, Asia, asia
People stand outside the Zamra International Convention and Exhibition Centre where multiple blasts occurred during a religious gathering of Jehovah's Witnesses, a Christian group, in Kochi, India, October 29, 2023. REUTERS/Sivaram V/File photo Acquire Licensing RightsTHIRUVANANTHAPURAM, India Oct 31 (Reuters) - Police in Kerala opened an investigation against India's deputy minister of Information Technology on Tuesday for allegedly stirring religious hatred on social media after bomb blasts at a Jehovah's Witnesses convention in the southern state. More than 2,000 people were attending the convention in the state, where the Jehovah's Witnesses have a strong presence. Police arrested a man after he posted a video claiming responsibility for the attack, accusing the religious group of being anti-national. Chandrashekhar's aide told Reuters the criminal case filed by the Kerala police would be addressed by the minister's lawyer.
Persons: Sivaram, Rajeev Chandrashekhar, Narendra Modi's, Kerala's, Chandrashekhar, Hillary Clinton's, Khaled Mashal, Pinarayi Vijayan, Vijayan, Israel, Rupam Jain, Simon Cameron, Moore Organizations: Exhibition, REUTERS, Rights, Police, Information Technology, Communist, Reuters, Thomson Locations: Zamra, Kochi, India, Rights THIRUVANANTHAPURAM, Kerala, Gaza
Noticeably missing from the line-up was China’s own defense minister. China would continue to “deepen strategic coordination” with Russia’s military, and it was willing, Zhang added, to develop China-US military relations. Security coordination between China and Russia has tightened in recent years amid rising tensions between each with the US and its allies. The security forum also comes as the US and China are attempting to navigate their contentious relationship that includes frictions over Taiwan and Beijing’s aggression in the South China Sea. Its officials have declined American outreach for high level meetings, in what was widely seen as a protest against sanctions Washington placed on former defense minister Li in 2018, prior to his time as defense minister, for weapons purchases from Russia.
Persons: Sergei Shoigu, Li Shangfu, Xi Jinping, , Zhang Youxia, ” Zhang, Xi’s, , Zhang, Russia’s Shoigu, Shoigu, ” Shoigu, Vladimir Putin, Xi, Joe Biden, Nancy Pelosi, Li, Wu Qian, ” Wu Organizations: CNN, Russian, Communist Party, Central Military, Global Security, Beijing, Washington, US, Xanthi, Defense Locations: China, Beijing, Moscow, United States, US, Israel, Russia, Ukraine, Washington, South, Taiwan, Palestine, Asia, Pacific, South China, Xanthi Carras
Xi says China's women must start 'new trend of family'
  + stars: | 2023-10-30 | by ( ) www.reuters.com   time to read: +2 min
Doing a good job in women's work is not only related to women's own development, he said but also related to "family harmony, social harmony, national development and national progress". Factors including high childcare costs, career hindrance, gender discrimination and not wanting to get married have deterred many young Chinese women from having children. The number of births is closely tied to marriage rates because official policies make it hard for single women to have children. China's National Bureau of Statistics in January reported the first population drop in six decades and the country's population is rapidly ageing. The state media has often linked population development to the strength and "rejuvenation" of the country.
Persons: Wang Dan, Aly, Xi Jinping, Farah Master, Barbara Lewis Organizations: REUTERS, Xinhua, China Women's Federation, Communist Party, China's National Bureau of Statistics, Thomson Locations: Shanghai, China, HONG KONG, Beijing
BEIJING, Oct 30 (Reuters) - Chinese and Russian military chiefs targeted the United States for criticism at a security forum in Beijing on Monday, even as China's second-most-senior military commander vowed to boost defence ties with Washington. Russia's Defence Minister Sergei Shoigu warned the West that its involvement in the Ukraine war created grave danger. China's defence minister delivered the keynote speech in previous years. China and the U.S. have had no high-level military-to-military communications since the Washington-sanctioned former Chinese defence minister, Li Shangfu, was appointed in March. It is not yet known whether the U.S. team will meet separately with Chinese military officials.
Persons: Sergei Shoigu, Shoigu, Zhang Youxia, Xi Jinping, Zhang, Li Shangfu, Li, Cynthia Xanthi, Joe Biden, Wang Yi, Biden, Yew Lun Tian, Lidia Kelly, Laurie Chen, Greg Torode, Gerry Doyle, Tom Hogue Organizations: Washington, Beijing Xiangshan, Russia's, TASS, China's, Military Commission, Communist, U.S, Reuters, Defense, U.S ., Thomson Locations: BEIJING, United States, Beijing, Ukraine, Russia, China, Taiwan, South China, Washington, U.S, Cynthia Xanthi Carras, Singapore, Laos, Mongolia, Belarus, East Timor, Myanmar, Sydney
Chinese Vice Premier He Lifeng attends a joint press conference following the 10th China-EU High-Level Economic and Trade Dialogue at the Diaoyutai State Guesthouse in Beijing, China September 25, 2023. REUTERS/Florence Lo/File Photo Acquire Licensing RightsBEIJING, Oct 30 (Reuters) - China's economy tsar He Lifeng has been appointed director of a key ruling Communist Party economic body, matching his high-profile predecessor Liu He with a particularly powerful portfolio covering economic policy, the financial sector and trade ties with Washington. He, who had previously headed the state planning agency, became one of China's four vice premiers in March when he replaced Liu He, who retired. He has now also replaced Liu as director of the office of the Central Finance and Economic Affairs Commission, a party body headed by President Xi Jinping. He could emerge as head of the resurrected Central Financial Work Commission, when state leaders, regulators and top bankers gather for a quinquennial, closed-door national financial work conference.
Persons: Lifeng, Florence, Liu, Liu He, Xi Jinping, Xi, Li Qiang, Janet Yellen, Valdis Dombrovskis, Joe Cash, Simon Cameron, Moore Organizations: REUTERS, Rights, Communist Party, Washington, Central Finance, Economic Affairs Commission, U.S, Treasury, EU Trade, Harvard, Financial Work Commission, Bloomberg News, Thomson Locations: China, EU, Diaoyutai, Beijing, Rights BEIJING, Shanghai, China's, U.S
He went on to accuse Israel of being a terror organization because its airstrikes on Gaza had caused civilian casualties. A Chinese state broadcaster recently hosted a discussion page on Weibo stating that Jews controlled a disproportionate amount of U.S. wealth. Among the comments on recent posts from the official social media account of Israel’s embassy in China were similar comparisons of Israelis to Nazis. It is hard to say whether the anti-Israeli positions in state media and antisemitism on the Chinese internet are part of a coordinated campaign. “If China felt that it was dangerous and problematic to allow antisemitic comments to flourish, the censors would stop it.
Persons: Hu Xijin, I’m, , Israel, Shen Yi, Carice Witte Organizations: Global Times, Communist Party, Weibo, Fudan University, country’s Communist Party Locations: Lebanon, Israel, Gaza, China, Beijing, Israeli
[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 Premier Li Keqiang waves as leaving the annual news conference following the closing session of the National People's Congress at the Great Hall of the People on March 16, 2016 in Beijing, China. China's former premier Li Keqiang died just past midnight after suffering a heart attack while in Shanghai, Chinese state broadcaster CCTV reported Friday. That sometimes put Li at odds with Hu's successor, Chinese President Xi Jinping. Li also inspired the unofficial "Li Keqiang Index," which uses electricity consumption, rail cargo and bank lending as a proxy on the economy. While premier, Li pushed for promoting trade cooperation between China and other countries, as well as removing restrictions on the flow of people and goods within China.
Persons: Li, Li Keqiang, Hu Jintao, Xi Jinping, Xi, Li Qiang Organizations: National People's, of, State, Communist Party Locations: Beijing, China, Shanghai
Hong Kong CNN —Former Chinese Premier Li Keqiang, once seen as a reform-minded contender to the country’s top leadership role, died of a sudden heart attack early Friday in Shanghai, state media reported. 2 leader until late last year, served as the country’s premier – traditionally in charge of the economy – for a decade from 2013 to March this year under strongman leader Xi Jinping. Under Hu, Li was named to the party’s top central leadership body the Politburo Standing Committee in 2007. Then 67, Li was one year short of the unofficial retirement age for senior Chinese Communist Party leaders. He was succeeded as premier earlier this year by former Shanghai party chief and Xi loyalist Li Qiang.
Persons: Hong Kong CNN —, Li Keqiang, Li, Xi Jinping, ” Li, , Xi, Xi’s, Hu Jintao, Hu, nodded, Mao Zedong, China’s princelings, Li Qiang Organizations: Hong Kong CNN, Hong Kong CNN — Former, Peking University, Communist Party’s Youth League, Communist Party Congress, Dongling, Brigade, Communist Youth League Central Committee, Communist Party, party’s, Chinese Communist Party Locations: Hong Kong, Shanghai, United States, China, Liaoning, Henan, Anhui
A man stands under the Chinese Communist Party emblem at the end of the closing ceremony of the 20th National Congress of the Communist Party of China, at the Great Hall of the People in Beijing, China October 22, 2022. REUTERS/Tingshu Wang Reuters
Persons: Tingshu Wang Organizations: Chinese Communist Party, National Congress, Communist Party of China, of, People, REUTERS Locations: Beijing, China
Li Keqiang, China's former premier, died Friday of a heart attack in Shanghai, according to state media. Li, who was 68, was China's top economic official for a decade. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . AdvertisementAdvertisementFormer Premier Li Keqiang, China's top economic official for a decade, died Friday of a heart attack in Shanghai, state media CCTV reported. Li later went on to be appointed governor of the Henan and Liaoning provinces, before becoming a vice premier in 2008 and China's premier in 2013.
Persons: Li Keqiang, Li, , Xi Jinping, Hu Jintao, Hu, Xi Organizations: Service, Observers, Chinese Communist Party, Youth League Locations: Shanghai, China, Anhui, Henan, Liaoning
JIUQUAN SATELLITE LAUNCH CENTER, China (AP) — China launched its youngest-ever crew for its orbiting space station on Thursday as it seeks to put astronauts on the moon before 2030. Tang is a veteran who led a 2021 space mission for three months. It built its own space station after it was excluded from the International Space Station, largely due to U.S. concerns over the control of the program by the People’s Liberation Army, the military branch of the ruling Communist Party. China’s first manned space mission in 2003 made it the third country after the former Soviet Union and the U.S. to put a person into space using its own resources. ___Associated Press video producer Caroline Chen at the Jiuquan Satellite Launch Center and journalist Kanis Leung in Hong Kong contributed to this report.
Persons: Tang Hongbo, Tang Shengjie, Jiang Xinlin, Tang, Caroline Chen, Kanis Leung Organizations: , China Manned Space Agency, CCTV, U.S, International, Station, People’s Liberation Army, Communist Party, Soviet Union, SpaceX, Associated Press, Center Locations: China, — China, Beijing, U.S, Hong Kong
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
U.S. President Joe Biden delivers remarks on healthcare coverage and the economy, at the White House in Washington, U.S. July 7, 2023. REUTERS/Jonathan Ernst/File Photo Acquire Licensing RightsWASHINGTON, Oct 25 (Reuters) - President Joe Biden is expected to speak with Wang Yi when China's top diplomat visits the White House this week, according to two U.S. officials familiar with planning for the visit. The White House declined to comment. It is unclear how substantial their interaction will be, but even an informal greeting would be Biden's senior-most interaction with the Chinese government since he briefly met Chinese President Xi Jinping's No. He also warned Chinese officials against aggression toward the Philippines.
Persons: Joe Biden, Jonathan Ernst, Wang Yi, Wang, Jake Sullivan, Biden, Xi Jinping's, Li Qiang, Xi, Antony Blinken, Blinken, Qin Gang, Trevor Hunnicutt, Heather Timmons, Lincoln Organizations: White, REUTERS, Rights, Economic Cooperation, Chinese Communist Party, Thomson Locations: Washington , U.S, New Delhi, Asia, San Francisco, Bali, Washington, Beijing, China, Philippines, United States
China’s former premier, Li Keqiang, died of a heart attack on Friday, Chinese state media announced — an abruptly early end to a leader who had served alongside Xi Jinping for a decade until March. Mr. Li, 68, was visiting Shanghai when he suddenly suffered the heart failure near midnight on Thursday, a report on Chinese state television said. “All efforts to resuscitate him failed,” said the report. Mr. Li was once considered a potential top leader of the ruling Chinese Communist Party. But in the end, he was overtaken by Mr. Xi, and became China’s premier — its prime minister — in 2013.
Persons: Li Keqiang, , Xi Jinping, Li, , Xi Organizations: Mr, Communist Party Locations: Shanghai
Foreign fund outflows from China’s so-called A-share market have entered “an unprecedented stage,” Morgan Stanley strategists wrote in a recent note. A-shares are yuan-denominated shares of mainland China firms that trade on the Shanghai Stock Exchange and the Shenzhen Stock Exchange. This seems highly unlikely under Xi.”Even Chinese investors seem to be plagued by a growing lack of faith in the future of the country’s economy. It will hit the economy in an all-around and indiscriminate way,” the fund said in a letter to its investors, which went viral. “Xi might wield vast control in China, but he can’t compel global investors to buy into his vision or risk their capital,” he said.
Persons: ” Morgan Stanley, , Alex Capri, Xu jingbai, ICHPL, Brock Silvers, Beijing’s “, Apple’s iPhones, George Magnus, Joe Biden, Goldman Sachs, Derek Scissors, Xi, Craig Singleton, Xi Jinping, Organizations: Hong Kong CNN — Investors, Shanghai Stock Exchange, Shenzhen Stock Exchange, Connect, CSI, Foundation, National University of Singapore Business School, Chinese Communist Party, Kaiyuan, , China’s Taiwan Affairs Office, China Centre of Oxford University, Global, People’s Bank of China, National People’s, Central Huijin Investment, American Enterprise Institute, Dingtai, Foundation for Defense of Democracies Locations: China, Hong Kong, Beijing, China’s, Shanghai, Shenzhen, Hai'an, China's Jiangsu, Capri, United States,
TAIPEI, Taiwan (AP) — China announced plans on Wednesday to send a new telescope to probe deep into the universe as it prepared to launch the country’s next, three-member crew for its orbiting space station. The telescope, dubbed Xuntian, will be installed by China's Tiangong space station and will co-orbit with it, according to a statement from Lin Xiqiang, spokesperson and deputy director general of the Chinese Manned Space Agency. Tang is a veteran who led a 2021 space mission for three months. China built its own space station after it was excluded from the International Space Station, largely due to U.S. concerns over the control of the program by the People’s Liberation Army, the military branch of the ruling Communist Party. China’s first manned space mission in 2003 made it the third country after the former Soviet Union and the U.S. to put a person into space using its own resources.
Persons: Lin Xiqiang, — Tang Hongbo, Tang Shengjie, Jiang Xinlin —, Tang Organizations: , Manned Space Agency, CCTV, International, Station, People’s Liberation Army, Communist Party, Soviet Union, SpaceX, Xinhua News Agency Locations: TAIPEI, Taiwan, — China, China, United States, Europe, Southeast Asia, South America, U.S
Students stand at a school during a flag-lowering ceremony on the first day of the new academic year in Shanghai, China, September 1, 2021. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Oct 25 (Reuters) - China's national legislature on Tuesday passed a law to strengthen patriotic education for children and families, state media reported, to counter challenges such as "historical nihilism" and safeguard "national unity". The Patriotic Education Law provides a legal guarantee for carrying out patriotic education, state-backed Xinhua news agency reported, adding that some people "are at a loss about what is patriotism." The law mandates that patriotic education respects the "history and cultural traditions of other countries and draws inspiration from all of human civilization's outstanding achievements," it said. The law also has targeted measures for different groups of people, including government officials, employees, villagers and residents in special administrative regions Hong Kong and Macau, as well as Taiwan, state-backed China Daily said.
Persons: Aly, Farah Master, Christian Schmollinger Organizations: REUTERS, Patriotic Education, Xinhua, China Daily, Thomson Locations: Shanghai, China, HONG KONG, Xinhua, Hong Kong, Macau, Taiwan
[1/2] Terry Gou, founder of Taiwan's Foxconn poses for pictures while saluting during a news conference in Taoyuan, Taiwan April 5, 2023. But three months out from the election, Gou, whose net worth is estimated by Forbes at $6.7 billion, has gone to ground. China claims Taiwan as its own and believes Lai, who leads opinion polls, is a separatist bent on a formal declaration of independence. Since the Global Times report came out, Gou's team has declined to comment, referring questions to Foxconn itself. Gou remains a lauded figure at Foxconn after stepping down as chairman in 2019, referred to reverentially as "the founder".
Persons: Terry Gou, Taiwan's, Carlos Garcia Rawlins, Taiwan's Terry Gou, Gou, Lai Ching, Lai, Steve Jobs, Foxconn, Democratic Progressive Party's, reverentially, Xi Jinping, Ben Blanchard, Sonali Paul Organizations: REUTERS, Rights, Apple, Forbes, Global Times, Taiwan, Democratic Progressive, DPP, Taiwan People's Party, Hai Precision Industry Co Ltd, Chicago, Atari, Dell, Sony Corp, Nintendo Co, Microsoft Corp, Communists, Communist Party's, Thomson Locations: Taoyuan, Taiwan, Rights TAIPEI, China, Foxconn, Beijing, Kuomintang, People's Republic of China
The sources were citing a cabinet document dated late September that was delivered to local governments and state lenders this month. The move by China's cabinet, or the State Council, to contain local government debt has not been previously reported. HIGH-RISK REGIONSThe 12 regions were previously identified as areas with "high risks" of defaulting on debt obligations. The massive piles of debt highlights local governments' financial stress, fuelling concerns of a systemic financial crisis. The bond issuance is widely believed to be part of Beijing's measures to defuse debt risks of LGFVs.
Persons: Tyrone Siu, Don Durfee, Raju Gopalakrishnan Organizations: REUTERS, Tyrone, Rights, State Council, Council, LGFVs, Communist Party, Reuters, Beijing, Thomson Locations: Central, Hong Kong, China, Rights BEIJING, Liaoning, Jilin, North Korea, Guizhou, Yunnan, Tianjin, Chongqing
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