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☆ 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

☆ The Great China Boom is going bust
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +18 min

Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. AdvertisementAdvertisementChinese President Xi Jinping has shifted the country's priorities from economic growth to a "technology and national-security race with the US." A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Zhang, Beijing's largess, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, WSJ, China, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City

☆ It’s official: The era of China’s global dominance is over
▼ + stars: | 2023-10-15 | by ( Linette Lopez | ) www.businessinsider.com time to read: +19 min

We've reached the end of an era for the Chinese economy. Unless dramatic action is taken, the future of China's economy is looking less like a young dynamo and more like an old, slow-moving blob. A faltering Chinese economy will suppress demand for commodities like oil seeds and grain, hitting US farmers especially hard. For the US economy, China as a workshop is much more important than China as a consumer. Now that China's economic supercycle is over, that may be the cycle we're about to witness.

Persons: We've, Xi Jinping, Lee Miller, it's, Xi's, —, Xu Jiayin, Charlene Chu, Chu, Chu —, Victor Shih, Shih, that's, they're, Jinping, Zhang, Miller, It's, they'll, Chinese Communist Party that's, Anne Stevenson, Yang, isn't, Stevenson, Linette Lopez Organizations: Chinese Communist Party, CCP, Trust, Autonomous Research, Bloomberg, Autonomous, Century China Center, University of California, J Capital Research, Japan, Nike, Starbucks, Companies Locations: China, Beijing, Cities, Shanghai, It's, Shenyang, metropolises, Shenzhen, Europe, Wall, —, University of California San Diego, Middle Kingdom, Mexico, Vietnam, New York City, United States

Then came the Hamas attack against Israel, which has made Netanyahu’s late October trip uncertain and put Beijing's Middle East approach to the test. China’s stated neutrality on the war has upset Israel, but Beijing may gain in the long run by forging closer ties with Arab countries, experts said. “For a while at least, Beijing’s Middle East policy is paralyzed by the war,” said Shi Yinhong, professor of international relations at Beijing-based Renmin University of China. “China’s engagement in the Middle East is set to increase during this conflict. Because we need to be the bridge.”But China's proposals to end the war have been seen as benefiting Russia.

Persons: Xi Jinping, Benjamin Netanyahu, China’s, Israel, ”, Shi Yinhong, hasn't, Zhai Jun, Zhai, ” Wang Yi, ” Wang, Antony Blinken, Wang, Maria Papageorgiou, Mohammad Eslami, “, Tuvia, ” Gering, Wang Yiwei, Dale Aluf, China's, Aluf, Yaqiu Wang, Ken Moritsugu, Wanqing Chen, Matthew Lee Organizations: WASHINGTON, —, Renmin University of China, State Department, Hezbollah, University of Exeter, University Minho, Israel, China Policy Center, Institute for National Security, Kremlin, Renmin University, Israel Global Network, Freedom, Associated Press, AP Locations: Beijing, China, Israel, U.S, Iran, Tel Aviv, Palestine, Ukraine, Xinjiang, Xi, Saudi Arabia, United States, Russia, Hong Kong, Taiwan, Communist, Riyadh

☆ Belt and Road Forum: Beijing to host global gathering as Xi Jinping lays out China's vision
▼ + stars: | 2023-10-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +10 min

Russia’s Vladimir Putin, whose on-going assault on Ukraine is another major point of global instability and division, is expected to attend. The last time he was in Beijing was for the Winter Olympics opening ceremony in early 2022. Winning backing for China’s global leadership from a broad swath of developing and emerging economies is key to Xi’s strategy to push back against perceived international threats, analysts say. Overseas development finance from China’s two major development banks has also decreased significantly since a peak in 2016, the report’s data show. Ten years on, Chinese decision makers are becoming “more selective and more calculating” about the benefits of their financing, she said.

Persons: Xi Jinping, laud China’s, –, weren’t, Russia’s Vladimir Putin, ”, Craig Singleton, “, Kenya . Han Xu, Li Mingjiang, ” Jonathan Fulton, Luiz Inacio Lula da Silva, Cyril Ramaphosa, Narendra Modi, Sergei Lavrov, Alet Pretorius, ” It’s, Liang, Yun Sun Organizations: CNN, Global, Initiative, Foundation for Defense, Democracies, Getty, Communist Party, Hamas, Singapore’s Nanyang Technological University, Officials, Atlantic Council, Indian, Russia's, Boston University Global Development, Center, World Bank, Overseas, China’s National, Reform, China Program, Stimson Locations: China, Beijing, United States, Israel, Gaza, Ukraine, Ukraine’s, Washington, Kenya ., Xinhua, Russia, Moscow, China’s, Abu Dhabi, Fulton, Johannesburg, New Delhi, saddling

☆ Exclusive: Star Chinese fund manager Wang detained and under investigation - sources
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +2 min

Oct 13 (Reuters) - Wang Yawei, a star fund manager in China, has been detained by authorities since August and is under investigation, according to three sources with knowledge of the matter. The 52-year-old founder of Qianhe Capital Management in Shenzhen and Top Ace Asset Management in Hong Kong is the latest high-profile Chinese business executive to be investigated or detained. His case relates to an investigation into Zhu Congjiu, a former senior official at China's top securities regulator, the sources said. Before setting up his own shop, Wang spent 14 years at China Asset Management Co (AMC), one of the country's largest mutual fund houses, as its vice-president and chief investment officer. Zhu is one of several former China Securities Regulatory Commission (CSRC) officials to come under scrutiny in recent years.

Persons: Wang Yawei, Zhu Congjiu, Wang, Zhu, Xi, Sumeet Chatterjee, Edwina Gibbs Organizations: Qianhe Capital Management, Asset Management, Communist, Central Commission, Ministry of Public Security, Qianhe, China Asset Management Co, AMC, China Securities Regulatory Commission, Shanghai bourse, Reuters, Thomson Locations: China, Shenzhen, Hong Kong, Zhejiang province

“There was no better friend or ally of Israel than President Donald J. Trump," Trump wrote in one. Political Cartoons View All 1211 ImagesWhile Trump and Netanyahu worked together closely while Trump was president, Trump responded with fury after Netanyahu congratulated then-President-elect Biden for winning the 2020 election while Trump was still trying to overturn the results. “There was no bigger advocate and defender of Israel than President Trump,” he said. Trump's GOP rivals nonetheless continued to attack him over his comments. To speak in a critical way about Prime Minister Netanyahu, to refer to the terrorist organization Hezbollah as very smart, I think was incomprehensible to me,” he said.

Persons: Donald Trump, Benjamin Netanyahu, Netanyahu, Trump, “, Donald J, Biden, —, ”, Bibi, Steven Cheung, Abraham, President Trump, Mike Pence, Nikki Haley, Chris Christie, “ He’s, Joe Biden, That’s, Holly Ramer Organizations: WASHINGTON, GOP, Social, House, Israel, Trump, Abraham Accords, United Nations, Communist Party, Former New Jersey Gov, Associated Press Locations: Israel, Florida, U.S, Iranian, East, Jerusalem, New Hampshire, America, Concord , New Hampshire

☆ Morgan Stanley says China's reflation journey will be 'slow and bumpy'
▼ + stars: | 2023-10-13 | 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 EmailMorgan Stanley says China's reflation journey will be 'slow and bumpy'More reflationary and restructuring policy at the Chinese Communist Party's December central economic work conference will help lift inflation print to a more normal range, said Robin Xing, Morgan Stanley's chief China economist.

Persons: Morgan Stanley, China's, Robin Xing, Morgan Stanley's Organizations: Communist Locations: China

☆ Exclusive: Combat veteran is likely replacement for China's missing defence minister
▼ + stars: | 2023-10-12 | by ( ) www.reuters.com time to read: +7 min

China's defence ministry and State Council information office did not respond to requests for comment. If his departure is confirmed, Li will be the second senior minister to lose his job in recent months. Qin Gang was removed as foreign minister in July, one month after he was last seen in public. U.S. defence officials have long wanted to reestablish routine communications with counterparts directly involved in command decisions. Qin was made foreign minister in Dec. 2022 and Li became defence minister in March.

Persons: Carlos Garcia Rawlins, Liu Zhenli, Liu, Li Shangfu, Li, Qin Gang, Qin, Nancy Pelosi, Xi Jinping, Xi, James Char, Lloyd Austin, Alexander Neill, Willy Lam, Chang Dingqiu, Katerina Ang, Daniel Flynn Organizations: Political Consultative, REUTERS, Rights, Defence, Reuters, Russia, Joint Staff Department of, Central Military Commission, State, U.S . Department of Defense, ., CMC, Xiangshan, National, Committee, Communist Party's, U.S, Pentagon, People's, Army, Rajaratnam, of International Studies, Washington, PUBLIC, National Defence, Joint Staff Department, Pacific Forum, Jamestown Foundation, Xinhua, Air Force, Thomson Locations: Beijing, China, Rights BEIJING, United States, U.S, Taipei, ., Singapore, Honolulu, Vietnam

☆ China wants to be a peace broker in the Middle East. How has it responded to the Israel-Gaza war?
▼ + stars: | 2023-10-11 | by ( Nectar Gan | ) edition.cnn.com time to read: +10 min

Experts say this initial response may expose Beijing’s limited influence in the region, despite official propaganda talking up China as the world’s new peacemaker. Yuval Waks, a senior official at the Israeli Embassy in Beijing, said his country expected a “stronger condemnation” of Hamas from China. State media coverageDespite its claims of neutrality, coverage of the conflict on China’s state-run television appears more slanted. Chinese state media were also quick to blame the US for the conflict now raging in the heart of the Middle East. “China looks at Israel as an opportunity to get points with the broader Arab world and the rest of the developing world.

Persons: Mahmoud Abbas, Xi Jinping, Jonathan Fulton, they’re, Yuval Waks, ” Waks, Chuck Schumer, Xi, “, ” Schumer, Mao Ning, ”, Zhang Jun, Beijing’s, Phil Cunningham, Israel –, Abbas, –, Israel, ” Fulton, Fulton, Benjamin Netanyahu Organizations: CNN, Hamas, Atlantic Council, China’s, Embassy, Reuters, US, Foreign, United Nation, European Union, Global Times, Communist, USS Ford, US Air Force, UN Security Council, Palestinian, Palestinian Authority, West Bank, ”, Israel, Washington, Israeli Locations: China, Beijing, Israel, Iran, Saudi Arabia, Gaza, Palestinian, Palestine, Abu Dhabi, United States, Europe, Asia, Africa, Latin America, State, ”, Russia, Hamas, Ukraine, Xinjiang, Fulton, Haifa, Iraq, Oman –

☆ In China, social media is bursting with support for Palestine — and blame for Washington
▼ + stars: | 2023-10-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +5 min

As war rages in Israel and Gaza, Chinese social media users have come out in support of Palestine. Some commenters compared Israel to Japan, which is heavily disliked in China due for its brutal regime in World War II. On the biggest posts, support for Palestine is clear. "Normal people will support Palestine. AdvertisementAdvertisementMeanwhile, China's Foreign Ministry has urged Israel and Palestine to work toward a two-state solution, which would see an independent state of Palestine formed to co-exist with Israel.

Persons: Israel, —, brazenly, Du Zhaoyu, Wenxiao Vincent, Hu Xijin, Nikki Haley —, Benjamin Netanyahu, Haley, Hu Organizations: Service, Twitter, Hamas, Palestine, Xinhua, Embassy, Israeli, Global Times, Chinese Communist Party Locations: Israel, Gaza, Palestine, Weibo, Guangzhou, Beijing, China, Japan, Nazi, Israeli, Lebanon, United States, America, Britain, Shanghai, Tel Aviv, Washington

☆ China to hold nationwide survey on population changes in November
▼ + stars: | 2023-10-10 | by ( ) www.reuters.com time to read: +2 min

[1/3] A little girl sits with her dad in a park in Shanghai, China, April 2, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG, Oct 10 (Reuters) - China's National Bureau of Statistics will conduct a nationwide sample survey in November to help better plan population policies, in an unexpected poll as authorities struggle to boost the country's flagging birth rate. The survey's scope on population changes will focus on urban and rural areas throughout the country, according to state media reports on Tuesday. The plan will help to "accurately and timely monitor China's population developmental changes and provide a basis for the Communist Party and the government to formulate national economic, social development and population related policies," the bureau said. China last conducted its once-in-a-decade census in November 2020 which showed it grew at the slowest pace since the first modern population survey in the 1950s.

Persons: Aly, Farah Master, Kim Coghill Organizations: REUTERS, National Bureau, Statistics, Communist Party, Authorities, Thomson Locations: Shanghai, China, HONG KONG, Beijing, China's

☆ Trump is furious at Forbes after the publication dropped him from its 400 wealthiest Americans list
▼ + stars: | 2023-10-09 | by ( Brent D. Griffiths | ) www.businessinsider.com time to read: +4 min

Trump is angry that Forbes kicked him off of its list of wealthiest Americans. Forbes says Trump just isn't worth enough money, especially because his social media play fizzled. AdvertisementAdvertisementDonald Trump on Monday lashed out at Forbes after the financial publication recently dropped the former president from its list of the 400 wealthiest Americans that includes the likes of Elon Musk, Jeff Bezos, and Warren Buffett. One of the main reasons was that Truth Social, the very social media platform where Trump lashed out at Forbes, has lost significant value. A spokesperson for Forbes pointed Insider to the publication's own story, which included a statement that defended Forbes' view of Trump's net worth.

Persons: Trump, Forbes, —, Donald Trump, Elon Musk, Jeff Bezos, Warren Buffett, Stormy Daniels, Rosie O'Donnell, Crooked Joe, " Forbes, Dan Alexander, Letitia James, Austin Russell Organizations: Forbes, Service, Monday, Trump, Republicans, New York, New, Kong, Media Investments, Whale Media Investments, China Investment Corp, China Morning Post, New York Times, Washington, Communist Party, Trump Organization Locations: China, Hong

☆ China to Hold Nationwide Survey on Population Changes in November
▼ + stars: | 2023-10-09 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

HONG KONG (Reuters) - China's National Bureau of Statistics will conduct a nationwide sample survey in November to help better plan population policies, in an unexpected poll as authorities struggle to boost the country's flagging birth rate. Concerned about China's first population drop in six decades and its rapid ageing, Beijing is urgently trying an array of measures to lift the country's birth rate including financial incentives and boosting childcare facilities. The survey's scope on population changes will focus on urban and rural areas throughout the country, according to state media reports on Tuesday. The plan will help to "accurately and timely monitor China's population developmental changes and provide a basis for the Communist Party and the government to formulate national economic, social development and population related policies," the bureau said. China last conducted its once-in-a-decade census in November 2020 which showed it grew at the slowest pace since the first modern population survey in the 1950s.

Persons: Farah Master, Kim Coghill Organizations: Reuters, National Bureau, Statistics, Communist Party Locations: HONG KONG, Beijing, China, China's

☆ Ex-chairman of China Everbright Group Li expelled from Communist party and post
▼ + stars: | 2023-10-09 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 9 (Reuters) - Former party chief and chairman of China Everbright Group Li Xiaopeng was expelled from the Communist Party and his post for severe violations of discipline and law including bribery, Chinese state broadcaster CCTV reported on Monday. Li is the latest Chinese financial executive found guilty under President Xi Jinping's anti-corruption campaign that has in recent years targeted the country's financial institutions. China's anti-graft body said in April that Li was under investigation for possible law violations. Li's punishment came days after China's ruling Communist Party expelled the former chairman of Bank of China from the party, accusing him of illegal activities and taking bribes. China Everbright Group is one of China's biggest financial conglomerate and owns listed units including China Everbright Bank Ltd (601818.SS), Everbright Securities Co (601788.SS) and China Everbright Ltd (0165.HK).

Persons: Li Xiaopeng, Li, Xi Jinping's, China's, Jacqueline Wong, Lincoln Organizations: China Everbright, Communist Party, Bank of China, China Everbright Bank, Everbright Securities, China Everbright Ltd, HK, Beijing, Thomson Locations: BEIJING, China

So the Georgia Republican has voted against providing military aid to Ukraine as he advocates for doing more to arm Taiwan, the self-governed island that’s at risk of military aggression from Beijing. For Collins and other Republican lawmakers, Taiwan and Ukraine are effectively rivals for a limited pool of U.S. military assistance. They view Taiwan’s fate as closely linked to that of Ukraine as it struggles to push back a Russian invasion. The U.S. aid to Ukraine also has led to weapons manufacturers stepping up production — something that could benefit Taiwan in a clash with China. Ukraine’s success is Taiwan’s success,” Taiwan’s diplomat in the U.S., Hsiao Bi-Khim, said in May at the Sedona Forum hosted by the McCain Institute.

Persons: Mike Collins, Collins, that’s, ”, Hsiao, Bonnie Glaser, “, Joe Biden, Xi Jinping, ” Collins, Biden, ” Collin, “ Bradley Bowman, It's, Bowman, Michael McCaul, McCaul, Glaser, Hu Xijin Organizations: WASHINGTON, —, Georgia Republican, Sedona, McCain Institute, Ukraine, Cultural, Associated Press, German Marshall Fund, Taiwan, United, Center of Military, Foundation for Defense of Democracies, Texas Republican, House Foreign Affairs, Taiwan’s, Communist Party, Global Times Locations: China, United States, Russia, Georgia, Ukraine, Taiwan, Beijing, U.S, Taiwan Strait, Taipei, Texas, “, Washington

☆ 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

"The goal truly is channels of communication and ensuring we don't veer into conflict - simple as that," said a senior Biden administration official. The Biden administration wants to counter the country's growing military without provoking a conflict and to push back on what it considers unfair business practices while avoiding an all-out trade war. "The criticism we get from some on (Capitol) Hill and some in the academic community, of course, is that competing means you can't talk to China," said the administration official. NO DELAY IN CHINA POLICIESAdministration officials acknowledge China may see the U.S. push to engage as a chance to weaken or slow Washington's policies targeting China, particularly on exports in strategic industries such as semiconductors, but deny that this is happening. The administration official denied the delays were to avoid upsetting China but were about "getting the technical pieces right, and balancing economic impact on our own domestic competitiveness."

Persons: Antony Blinken, Leah Millis, Biden, Joe Biden, Xi Jinping, Ivan Kanapathy, Travis King, China –, Xi, San Francisco – doesn't, Mike Gallagher, Michael Martina, Humeyra Pamuk, Don Durfee Organizations: U.S, State Department, REUTERS, Rights, Biden, China, gaslight, White House National Security, Economic Cooperation, Republicans, China's Communist Party, CCP, Democratic, Inspur, Diplomats, Blinken, Thomson Locations: Mexico, Washington , U.S, United States, China, Beijing, U.S, stonewall, Asia, North Korea, San Francisco, CHINA, South China, Lincoln

Taipei/Hong Kong CNN —Taiwan is investigating whether four of its firms broke US sanctions or its own investment rules when they provided services to Chinese companies that are reportedly helping Huawei build chip factories. Many Taiwanese companies, including chip giant TSMC and Apple supplier Foxconn, operate in China and are closely integrated into its supply chains. For years, Taiwan’s companies have been treading a fine line between engaging China’s commercial opportunities and avoiding potential violations of export controls, particularly as Beijing has ramped up military pressure on the island. But China’s ruling Communist Party claims Taiwan, home to 24 million residents, as its territory — despite never having controlled it. It has long vowed to “reunify” Taiwan with the Chinese mainland, by force if necessary.

Persons: Emile Chang, ”, Chang, Economic Affairs Wang Mei, Wang, China’s, “ Organizations: Hong Kong CNN, Huawei, Ministry of Economic Affairs, CNN, United Integrated Services, K Engineering, Technology, Apple, Foxconn, Taiwan’s, Economic Affairs, Bloomberg, Communist Party Locations: Taipei, Hong Kong, Taiwan, China, United States, China . Washington, Europe, Asia, Beijing

At issue is RISC-V, pronounced "risk five," an open-source technology that competes with costly proprietary technology from British semiconductor and software design company Arm Holdings (O9Ty.F). RISC-V can be used as a key ingredient for anything from a smartphone chip to advanced processors for artificial intelligence. The RISC-V technology came from labs at the University of California, Berkeley, and later benefited from funding by the Pentagon's Defense Advanced Research Projects Agency (DARPA). Its executives said in August they believe RISC-V will speed up chip innovation and transform the tech industry. Jack Kang, vice president of business development at SiFive, a Santa Clara, California-based startup using RISC-V, said potential U.S. government restrictions on American companies regarding RISC-V would be a "tremendous tragedy."

Persons: Florence Lo, Joe Biden's, Marco Rubio, Mark Warner, Mike Gallagher, Biden, Michael McCaul, McCaul, " Rubio, Warner, Jack Kang, Kang, Kevin Wolf, Akin Gump, Barack Obama, Wolf, Max A, Cherney, Stephen Nellis, Will Dunham, Kenneth Li Organizations: REUTERS, U.S ., Arm Holdings, Republican, Democratic, Reuters, Commerce Department, People's, CCP, Chinese Communist Party, House Foreign Affairs, of Industry, Security, Commerce, University of California, Pentagon's Defense, Research Projects Agency, DARPA, HUAWEI, Huawei Technologies, Qualcomm, Google, Thomson Locations: China, U.S, Beijing, People's Republic of China, Communist China, Swiss, Berkeley, United States, SiFive, Santa Clara , California, San Francisco

☆ A Kremlin propagandist faced backlash from Siberian officials after saying Russia should detonate a nuke in its own territory
▼ + stars: | 2023-10-05 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

A Kremlin propagandist suggested Moscow should drop a nuclear bomb over Siberia, reports said. A nuclear bombing over Siberia would send a "painful" message to the West, Simonyan reportedly said. A nuclear bombing over Siberia would send a "painful" message to the West, Simonyan said, according to a translation by The Moscow Times. Nikolai Korolev, an aide to Moscow City Duma deputy Evgeniy Stupin, petitioned Russia's Interior Ministry and Investigative Committee to probe Simonyan's comments, according to the news outlet. AdvertisementAdvertisementSimonyan wrote in a message on Telegram that she did not call for a nuclear strike on Siberia, Russian news outlet Meduza reported.

Persons: Margarita Simonyan, Simonyan, —, Vladimir Putin's, …, Julia Davis, Maria Prusakova, Anatoly Lokot, Simonyan's, Nikolai Korolev, Evgeniy Stupin, Dmitry Peskov, Davis Organizations: Service, US State Department, Moscow Times, Russian Media Monitor, Communist Party, State Duma, Moscow, Duma, Russia's Interior Ministry, Committee Locations: Moscow, Siberia, Ukraine, Russian, State, Siberia's Altai, Siberian, Novosibirsk

☆ Asian Games: China censored this photo of two athletes. Was it for a perceived Tiananmen reference?
▼ + stars: | 2023-10-04 | by ( Chris Lau | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —China appears to have censored a photograph of two Chinese hurdlers embracing after a race because their lane numbers formed an accidental reference to the Tiananmen massacre in 1989. The image captures Lin Yuwei, from lane 6, and Wu Yanni, in lane 4, hugging following the women’s 100-meter hurdles final at the Asian Games in Hangzhou. As they stood together, stickers showing their lane numbers formed “6 4”, a pairing widely seen as a reference to June 4, 1989. That day Chinese military tanks rolled into the capital Beijing during a bloody crackdown to clear students protesting for democracy in Tiananmen Square. State broadcaster CCTV originally posted the photograph on Weibo, China’s Twitter-like social media service, on Sunday night, but removed it from its account about an hour later, CNN has found.

Persons: Lin Yuwei, Wu Yanni, China’s Organizations: Hong Kong CNN, Asian, CCTV, China’s Twitter, CNN, Weibo, Baidu, Google, Xinhua, Propaganda Department, Chinese Communist Party, Communist Party Locations: Hong Kong, China, Hangzhou, Beijing, Tiananmen Square, Weibo

☆ Cartoon elves and scrolls visualize Chinese military’s goal of Taiwan ‘reunification’
▼ + stars: | 2023-10-03 | by ( Jessie Yeung | ) edition.cnn.com time to read: +7 min

It has long vowed to “reunify” Taiwan with the Chinese mainland, by force if necessary. The Chinese painting "Dwelling in the Fuchun Mountains" displayed in its entirety in the National Palace Museum Taipei on June 1, 2011. As a result, the scroll has long been seen as a living symbol of the division between China and Taiwan. Visitors look at "Dwelling in the Fuchun Mountains" at the National Palace Museum Taipei on June 1, 2011. The “Escape from the British Museum” series “has struck a chord in people’s hearts and reflects the deep patriotic sentiments,” said one article in the state-run tabloid Global Times.

Persons: Hong Kong CNN —, “, Patrick lin, Huang Gongwang, —, Shi Tang, Xi Jinping, ” Xi’s, Chiang Kai, Mao Zedong’s, ” Organizations: Hong Kong CNN, Eastern Theater Command, People’s Liberation Army, PLA, Communist Party, Theater Command, Palace Museum, Getty, National, Museum, Zhejiang Provincial Museum, National Palace Museum, Taiwan, World Health Organization, Olympic Games, Asian, British Museum ’, British Museum, Beijing’s, Nationalist, Global Times, British Locations: Hong Kong, Taiwan Strait, People’s Republic of China, Taiwan, Palace Museum Taipei, AFP, Taipei, Hangzhou, China, National Palace Museum Taipei, Beijing, Ukraine, Fujian, London, Mao Zedong’s Communist, Greater China

☆ A night inside a strip club near Ukraine’s front lines
▼ + stars: | 2023-10-02 | by ( Anna Conkling | ) www.businessinsider.com time to read: +19 min

By mid-afternoon, nine women have gathered around the dance pole at Flash Dancers, the only women-owned exotic dance club in Kharkiv. Valerii Kseniya, Flash Dancers' co-owner, in an undated photograph from her career as a professional dancer (left), and in July 2023. Iva Sidash for InsiderWhen Dana first joined Flash Dancers, Valeriya said, she was shy, silent, and not open to speaking with the team. Iva Sidash for InsiderOver the past year, several soldiers who were regulars at Flash Dancers have been killed in the fighting. Iva Sidash for InsiderThe evening at Flash Dancers could serve as a microcosm of Ukraine's tentative but determined return to normality.

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