DIRS.INFO The most relevant business & tech news

☆ Opinion: The ‘rising superpower’ myth about China
▼ + stars: | 2023-09-07 | by ( Opinion Peter Bergen | Joel Rayburn | ) edition.cnn.com time to read: +12 min

He was the US Special Envoy for Syria and the senior director for Iran, Iraq, Syria and Lebanon on the National Security Council staff during the Trump administration. After that, China’s National Bureau of Statistics said it would suspend publishing youth unemployment data in the future. What does it signify that China’s national power, which today is vast, is almost certain to be weaker in the future? If Xi and his strategists have a feasible plan for nimbly averting China’s demographic doom, they are keeping very quiet about it. This brings us back to the question of national security strategies for the United States and its allies.

Persons: Peter Bergen, Peter Bergen ”, Joel Rayburn, Trump, Biden, Saddam Hussein’s, Lloyd Austin, China’s, Xi Jinping, Stephen Shaver, ”, Ng Han Guan, Xi, China “, ” Trump Organizations: New, Arizona State University, Apple, Spotify, American Center for Levant Studies, New America, US, National Security Council, CNN, Strategy, Pentagon, of Defense, Development Research Center, Communist Party, UPI, Manpower, Census Bureau, National Bureau of Statistics, Financial, China’s Southwestern University of Finance, Economics, Rocky, United Nations, Beijing, Pew Research Center, Communist, Trump administration’s National Security, Twitter, Trump Locations: New America, Syria, Iran, Iraq, Lebanon, Washington, China, United States, Saddam Hussein’s Iraq, al Qaeda, Ukraine, People’s Republic of China, Beijing, India, Yarkent County, China's Xinjiang Uyghur Autonomous Region, Saudi Arabia, USSR, Russia, Russia’s Ukraine, Vietnam, Korea, Italy, Japan, Taiwan, Hong Kong

☆ Chinese social media campaigns are successfully impersonating U.S. voters, Microsoft warns
▼ + stars: | 2023-09-07 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +2 min

Chinese state-aligned influence and disinformation campaigns are impersonating U.S. voters and targeting political candidates on multiple social media platforms with improved sophistication, Microsoft said in a threat analysis report Thursday. Chinese influence campaigns have historically struggled to gain traction with intended targets, who in this case are U.S. voters and residents. Policymakers and industry experts have expressed concern about foreign influence campaigns on social media platforms, especially on X, formerly known as Twitter. Microsoft found content from Chinese influence campaigns on multiple apps, including Meta's Facebook and Instagram, Microsoft-owned LinkedIn, and X. In August, Facebook parent Meta announced it had disrupted the largest ever identified disinformation campaign and linked it to China state-affiliated actors.

Persons: Elon Musk, Microsoft's Organizations: U.S, Microsoft, Communist Party, Twitter, Democratic House, Facebook, Meta, CCP, Embassy, Washington , D.C, Justice Department, China's Ministry of Public Security Locations: East Asia, China, U.S, Washington ,

☆ Wall Street firms and retired generals to discuss hypothetical Chinese invasion of Taiwan
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.

Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang

☆ China’s Economic Pain Is a Test of Xi’s Fixation With Control
▼ + stars: | 2023-09-06 | by ( Chris Buckley | More About Chris Buckley | ) www.nytimes.com time to read: +1 min

But he may have to relinquish some of that control, as that strategy comes under pressure. The economic setbacks are eroding Mr. Xi’s image of imperious command, and emerging as perhaps the most sustained and thorny challenge to his agenda in over a decade in power. “The worse things get for China’s economy, the more likely it is that Xi Jinping has to make some course correction.”Earlier this year, Mr. Xi started his third term as China’s president, appearing indomitable. He was committed to taming the debt-laden real estate sector even as home sales fell. And he had a new Communist Party leadership team of loyalists poised to push through his growth plans.

Persons: ” Neil Thomas, Xi Jinping, Xi Organizations: Communist Party, Asia Society’s Center for Locations: Asia Society’s Center for China

☆ Paul Krugman warns China is headed for a 'very nasty fall' as Xi Jinping sounds more like a Republican than a communist
▼ + stars: | 2023-09-06 | by ( Filip De Mott | ) www.businessinsider.com time to read: +3 min

China has reached the limit of what it can do to stave off an economic crisis, Paul Krugman wrote. "China is facing a major economic crisis, and they've run to the limits of the things that's been doing to keep its economy afloat," Krugman said. Despite leading the Communist Party of China, Krugman says the authoritarian leader seems more aligned with a conservative Republican, citing how Xi has condemned the "dangers of welfarism." AdvertisementAdvertisementIf not, the economic crisis has the potential to turn into a political one, as China's unemployed citizens begin to doubt their leadership. It preaches Marxism and equality and the coming communist utopia, and practices rapacious, highly unequal capitalism," Krugman said.

Persons: Paul Krugman, It's, Krugman, Yuan, Xi Jinping's, Xi Organizations: Service, New York Times, Communist Party of China Locations: China, Wall, Silicon, Beijing

☆ Chinese delegation led by vice premier to visit North Korea, state media says
▼ + stars: | 2023-09-06 | by ( Hyunsu Yim | ) www.reuters.com time to read: +2 min

KCNA via REUTERS/File Photo Acquire Licensing RightsSEOUL, Sept 7 (Reuters) - A Chinese Communist Party and government delegation headed by Vice Premier Liu Guozhong will visit North Korea to take part in the celebration of the country's founding day later this week, state media KCNA reported on Thursday. North Korea celebrates its founding day on Sept. 9, known as the Day of the Foundation of the Republic, and this year will mark the 75th anniversary since the peninsula was freed from Japanese occupation. Russia has said it has nothing to say on the report, and North Korean state media have not mentioned any visit to Russia. In July, a Chinese delegation led by Chinese Communist Party Politburo member Li Hongzhong visited Pyongyang and attended a military parade commemorating the 70th anniversary of the end of the Korean War - the first visit by a Chinese delegation since the pandemic. Last month North Korea began allowing its citizens back into the country for the first time since 2020, when it closed its borders during the pandemic.

Persons: Kim Jong, Liu Guozhong, Kim Jong Un, Kim, Vladimir Putin, Li Hongzhong, Li, Sergei Shoigu, Hyunsu Yim, Josh Smith, Sandra Maler, Stephen Coates Organizations: Naval Command, Korean People's Army, Navy, North, Korean Central News Agency, Reuters, KCNA, REUTERS, Rights, Communist Party, Central Committee, Workers ' Party of Korea, Democratic People's, Foundation of, The New York Times, Chinese Communist Party, Russian Defence, United Nations Security Council, Thomson Locations: North Korea, Rights SEOUL, Democratic People's Republic of Korea, DPRK, Korea, Republic, Russia, Korean, Pyongyang, North Korean

☆ Lviv's hottest ticket: a concert hall resurrecting Ukraine's repertoire
▼ + stars: | 2023-09-06 | by ( Andrea Januta | ) www.reuters.com time to read: +4 min

[1/3] Ivan Ostapovych, Lviv Organ Hall's co-director and conductor, rehearses with musicians of the Luhansk Philharmonic before a premiere of the opera Zorya at the Lviv Organ Hall, amid Russia's attack on Ukraine, in Lviv, Ukraine August 9, 2023. Performing during the war means tighter budgets, longer hours and quadruple the effort, said the hall's co-director Taras Demko. In early July when 10 people were killed in a Russian missile strike on a residential building in Lviv, the Organ Hall cancelled that night's choral concert. The hall spotlights Ukrainian music, including new compositions and little-known works. It was given its professional world premier at the Organ Hall earlier this year.

Persons: Ivan Ostapovych, Hall's, Alina Smutko, Taras Demko, Demko, Sievierodonetsk, Igor Shapovalov, Shapovalov, Mozart, Viktor Kosenko, Ihor Sonevytsky, Ostapovych, Andrea Januta Organizations: REUTERS, Rights, Catholic Church, Performing, Reuters, Luhansk Philharmonic, Orchestra, YouTube, Communist Party, Thomson Locations: Lviv, Luhansk, Ukraine, Rights LVIV, Russia, Sievierodonetsk, Russian, Soviet Union

Five judges from Hong Kong’s Court of Final Appeal handed down their decision on Tuesday, following years of legal battles challenging the government’s refusal to let gay people get married or form a civil union partnership. Hong Kong does not allow or grant same-sex marriage or unions, even though homosexuality has been decriminalized in the city since 1991. Jerome Yau, co-founder of Hong Kong Marriage Equality, said he is “cautiously optimistic” as he awaits further details to be hammered out. Polls in Hong Kong have shown growing support for same-sex equality among the public, especially younger people. Raymond Chan Chi-chuen, the first member of Hong Kong’s Legislative Council to come out as gay, is a co-defendant in Sham’s case.

Persons: ”, Kin Cheung, Hong, Jerome Yau, “, Jimmy Sham, Felix Wong, Sham, ” Sham, Hong Kong –, Raymond Chan Chi, Xi Jinping Organizations: Hong Kong CNN, Hong, Appeal, CNN, Parade, Civil, Prosecutors, Hong Kong’s Legislative Council Locations: Hong Kong, Hong Kong’s, Asia, Taiwan, Nepal, Beijing, New York, China, Shanghai

☆ Opinion | Will Tensions With China Suck the Fun Out of American Movies?
▼ + stars: | 2023-09-04 | by ( Kaj Larsen | ) www.nytimes.com time to read: +2 min

Such films would face a tougher road under the Green amendment. For argument’s sake, let’s say the Green amendment does force American studios to stop editing for China and, as a result, American films are banished from Chinese theaters. How exactly does that advance Mr. Green’s crusade against China — or the cause of free speech? If Chinese audiences can no longer see American movies, the Communist censors have achieved their goal: Less Americana on their screens. At a time of waning patriotism and lower military recruitment, the Green amendment could leave Hollywood less capable of portraying the military accurately and arguably less willing to portray it at all.

Persons: Mr, Green, China, China — Organizations: Department of Defense, Hollywood, China, Communist, U.S, Chinese Communist Party Locations: People’s Republic of China, China, America, India, U.S

☆ Pope acknowledges his Russia comments were faulty
▼ + stars: | 2023-09-04 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

[1/3] Pope Francis holds a news conference aboard the papal plane on his flight back after visiting Mongolia, September 4, 2023. "I was not thinking of imperialism when I said that," Francis said about his comments last month. The comments caused an uproar in Ukraine because Russian President Vladimir Putin has invoked the legacies of the two Russian monarchs in justifying his invasion of Ukraine and the annexation of its territory. They were welcomed by the Kremlin, which praised the pope for his knowledge of Russian history. There were dark political years in Russia but the heritage is there, available to all," he said.

Persons: Pope Francis, Ciro Fusco, Pope, Catholic Church Pope, Francis, tsars Peter I, Catherine II, Vladimir Putin, Fyodor Dostoevsky, Peter, Catherine, Francis said, John XXIV, Philip Pullella Organizations: REUTERS Acquire, Catholic Church, Kremlin, Communist Party, Vatican, coy, Thomson Locations: Mongolia, Russia, Ukraine, Kremlin China, China, Vatican, Beijing, Vietnam, Marseilles

☆ Pope wraps up Mongolia trip, says Church not bent on conversion
▼ + stars: | 2023-09-04 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

People wave Chinese and Hong Kong flags, as Pope Francis arrives to attend the Holy Mass in the Steppe Arena, during his Apostolic Journey in Ulaanbaatar, Mongolia September 3, 2023. Mongolia was part of China until 1921 and the pope's trip was dotted by allusions or appeals to the superpower next door, where the Vatican has scratchy relations with the communist government. At the end of Sunday's Mass he sent greetings to China, calling its citizens a "noble" people and asking Catholics in China to be "good Christians and good citizens." On Saturday, in words that appeared to be aimed at China rather than Mongolia, Francis said governments have nothing to fear from the Catholic Church because it has no political agenda. Beijing has been following a policy of "Sinicisation" of religion, trying to root out foreign influences and enforce obedience to the Communist Party.

Persons: Pope Francis, Carlos Garcia Rawlins, Francis, Mercy, Italian Cardinal Giorgio Marengo, Philip Pullella, Michael Perry Organizations: REUTERS, Catholic, Communist Party, United, Thomson Locations: Hong Kong, Ulaanbaatar, Mongolia, ULAANBAATAR, China, Italian, Beijing, United States, Iran, Russia, Vatican

Watson did not say when and where a potential meeting between Kim and Putin in Russia might take place. North Korea does not currently have any nuclear-powered submarines, according to an assessment from Nuclear Threat Initiative, a think-tank focused on reducing nuclear threats. Earlier this month, the US Treasury imposed sanctions on three entities it accused of being tied to arms deals between North Korea and Russia. Apart from North Korea, Russia has also received drones and artillery from Iran. These are our neighbors,” Shoigu told reporters, referring to North Korea by its official name.

Persons: Kim Jong, Vladimir Putin, Sergei Shoigu, “, Kim Jong Un, Adrienne Watson, Watson, Kim, Putin, ”, Dmitry Peskov, John Kirby, Wagner, Kirby, ” Kirby, Biden, ” Shoigu, Xi Jinping, Li Zhanshu, China’s, Xi Organizations: CNN, North, National Security, ”, Russian, National Intelligence Service, ” CNN, Korean Central News Agency, Nuclear Threat Initiative, New York Times, Eastern Economic, US, Russian Defense, Democratic People’s, Economic, Communist Party, Group Locations: Russia, Moscow, Ukraine, North Korea, Pyongyang, Russian, Washington, Korea, North, Vladivostok, “, Iran, China, Democratic People’s Republic of Korea, East, Beijing, India

☆ In overture to China, pope sends greetings to a 'noble' people
▼ + stars: | 2023-09-03 | by ( Philip Pullella | ) www.reuters.com time to read: +3 min

REUTERS/Carlos Garcia Rawlins Acquire Licensing RightsULAANBAATAR, Sept 3 (Reuters) - Pope Francis sent greetings to China on Sunday, calling its citizens a "noble" people and asking Catholics in China to be "good Christians and good citizens," in his latest overture to the communist country to ease restrictions on religion. Francis made the unscripted comments at the end of a Mass in Mongolia's capital, calling up the former and current archbishops of Hong Kong, Cardinal John Tong Hon and Archbishop Stephen Chow, to flank him as he spoke. "These two brother bishops - the emeritus of Hong Kong and the current bishop of Hong Kong. I would like to take advantage of their presence to send a warm greeting to the noble Chinese people," he said in Italian. And to Chinese Catholics I ask to be good Christians and good citizens," he said.

Persons: Pope Francis, Cardinal John Tong, Hong Kong's, Stephen Chow, Carlos Garcia Rawlins, Francis, Chow, Hong, Philip Pullella, William Mallard, David Evans, Frances Kerry Organizations: REUTERS, Hong, Catholic, Communist Party, Reuters, Catholic Church, Thomson Locations: Ulaanbaatar, Mongolia, ULAANBAATAR, China, Mongolia's, Hong Kong, Beijing, Vatican, Vietnam, Hanoi, British, Asia

☆ Pope, in Mongolia, sends apparent message to China on Catholic aims
▼ + stars: | 2023-09-02 | by ( Philip Pullella | ) www.reuters.com time to read: +4 min

On his first working day in Mongolia, the government feted the pope with traditional events such a parade including men on horseback dressed as ancient Mongol warriors. Chow, who will be a made a cardinal by the pope this month, told reporters he hoped the Church in Hong Kong could be a "bridge Church" with mainland China. "This is the Church of the world, especially for the margins, and that is a good thing," Chow said. Outside the pope's meeting with Mongolian leaders, about two dozen Catholics from China waved red, five-starred Chinese flags. Reporting by Philip Pullella in Ulaanbaatar; Additional reporting by Joseph Campbell; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Pope Francis, Francis, Jesus, Saints Peter, Paul, Virgin Mary, Hong, Archbishop Stephen Chow, Chow, Oyun, ALBERTO PIZZOLI, I’ve, It’s, I’m, ”, Yang Guang, Cardinal Giorgio Marengo, Cardinal Matteo Zuppi, Zuppi, Philip Pullella, Joseph Campbell, William Mallard Organizations: Catholic, Communist Party, Saints, Mongolia's, REUTERS Acquire, Catholic Church, of, Thomson Locations: ULAANBAATAR, China, Mongolia, Beijing, Vatican, British, Hong Kong, Ulaanbaatar, Asia, of Rome, Shanghai, Kyiv , Washington, Moscow, Ukraine

Like his predecessors, Xi wields power through his control of the Communist Party, the military and the government. One-Man Party Xi overturned term limits, erased factions and installed loyalists to establish sweeping control of the Communist Party. When Xi first took power in 2012, few in the Politburo Standing Committee, the most powerful group in China, had close ties with him. Party leaders often set broad policy, and government ministries and agencies refined and implemented their goals, sending feedback to the leaders. You Are Being Watched The world’s biggest and most pervasive surveillance system ensures that nobody can easily challenge the power Xi has amassed.

Persons: Xi, Mao, Deng, –, Deng Xiaoping, Alibaba, Jack Ma Organizations: Communist Party, Man, Companies Locations: China

☆ China to Its People: Spies Are Everywhere, Help Us Catch Them
▼ + stars: | 2023-09-02 | by ( Vivian Wang | More About Vivian Wang | ) www.nytimes.com time to read: +1 min

Beijing sees forces bent on weakening it everywhere: embedded in multinational companies, infiltrating social media, circling naïve students. Chinese universities require faculty to take courses on protecting state secrets, even in departments like veterinary medicine. A kindergarten in the eastern city of Tianjin organized a meeting to teach staffers how to “understand and use” China’s anti-espionage law. Its first post: a call for a “whole of society mobilization” against espionage. The country’s economy is facing its worst slowdown in years, but China’s authoritarian leader, Xi Jinping, appears more fixated on national security and preventing threats to the party’s control.

Persons: China’s, Xi Jinping Organizations: China’s Ministry of State Security, Communist Party Locations: Beijing, Tianjin

☆ Taiwan hopes Pope's China engagement helps 'worsening' religious freedom
▼ + stars: | 2023-09-02 | by ( ) www.reuters.com time to read: +2 min

Pope Francis attends a welcome ceremony at the bishop's house during his Apostolic Journey, in Ulaanbaatar, Mongolia September 1, 2023. China's foreign ministry said the pope's blessing reflected friendship and goodwill, noting China and the Vatican had maintained communication in recent years. "We hope that Vatican-China exchanges will help improve China's worsening religious freedom and human rights issues," it added. China's constitution guarantees religious freedom, but in recent years the government has tightened restrictions on religions seen as a challenge to the authority of the ruling Communist Party. Taiwan puts no restrictions on freedom of faith and has a thriving religious community that includes Christians, Buddhists and Muslims.

Persons: Pope Francis, Pope Francis messaged, Xi Jinping, Francis, Xi, Ben Blanchard, William Mallard Organizations: Vatican, Handout, REUTERS Acquire, Rights, Catholic Church, Communist Party, Taiwan, Thomson Locations: Ulaanbaatar, Mongolia, Rights TAIPEI, Taiwan, China, Taipei, Beijing, China's

☆ Factbox: China's measures to shore up a faltering economy, more support expected
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +4 min

- China stepped up measures to boost the country's faltering economy, with top banks paving the way for further cuts in lending rates. Aug. 25 -China's cabinet on Friday approved guidelines for planning and construction of affordable housing at a meeting chaired by Premier Li Qiang. July 24- China's top leaders, at a Politburo meeting, pledged to step up support for the economy, signalling more stimulus steps. July 24 - China's state planner unveiled measures to support private investment in some infrastructure sectors and said it will strengthen financing support for private projects. July 14 - China's cabinet approved guidelines for improving the building of public infrastructure in megacities, to help support the economy and cope with future public health crises.

Persons: Premier Li Qiang, Kevin Yao, Shri Navaratnam Organizations: Premier, Communist Party, Thomson Locations: BEIJING, China, megacities

☆ Explainer: Why is China's economy slowing down and could it get worse?
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +6 min

REUTERS/Thomas Peter/File Photo Acquire Licensing RightsHONG KONG, Sept 1 (Reuters) - China's economic growth is slowing down as policymakers try to fix a property market downturn, with troubles at major developer Country Garden in focus. Concerns are mounting over whether the world's second-largest economy is coming closer to a crunch point:WHAT IS CAUSING CHINA’S ECONOMIC SLOWDOWN? THERE HAVE BEEN MAJOR CONCERNS OVER CHINA'S ECONOMY BEFORE. China's household spending as a proportion of GDP lags that of most other countries. WILL CHINA’S ECONOMIC SLOWDOWN GET WORSE?

Persons: Thomas Peter, Marius Zaharia, Robert Birsel, Neil Fullick Organizations: REUTERS, Communist Party, Thomson Locations: Beijing, China, HONG KONG, West, United States, Japan, outflows

Opposition candidates, including Gou, blame the DPP for provoking Beijing and stoking tensions, labeling the vote as a choice between war and peace. Meanwhile, the DPP’s candidate, Vice President Lai Ching-te, has framed the election as a choice between democracy and authoritarianism. Lai Ching-te, Taiwan's Vice President and presidential hopeful, meets the foreign press in Taipei on August 25. In addition to securing 290,000 votes before November, Gou also needs to announce his running mate before September 17, as required by Taiwan’s Central Election Commission. “Gou is really having a race against time, and time is really not in his favor,” Sung said.

Persons: Terry Gou, Tsai Ing, Xi, China –, Lai Ching, “ Don’t, ”, Lai, Taijing Wu, Priding, Foxconn, Gou, China’s, ” Gou, roiling, Hou Yu, Ko Wen, Hou, who’s, “, Ko, Sung, ” Sung Organizations: CNN, Democratic Progressive Party, Harvard, ”, Communist Party, Chinese Communist Party, Kuomintang, KMT, ih, New, Taiwan People’s Party, Australia National University’s Taiwan Studies, Reuters, Taiwan’s Locations: Taiwan, China, Ukraine, Beijing, Moscow, United States, Lai, Taipei, Shenzhen, Taiwan Strait, Diaoyutai, Foxconn, New Taipei City

Together, experts say, these efforts aim to enhance China’s military reach, which currently includes only one operational overseas naval base in Djibouti on the Horn of Africa. “It’s a question of when – not if – China will secure its next overseas military outpost,” he said. This photo taken on August 1, 2017, shows Chinese People's Liberation Army personnel attending the opening ceremony of China's new military base in Djibouti. The Hambantota commercial port in Sri Lanka has long been considered a prime candidate for a Chinese naval base. However, China’s path to developing permanent overseas bases, if indeed that is its aim, is not straightforward.

Persons: FDD, Craig Singleton, “, –, ”, Tea Banh, FDD’s Singleton, Tang Chhin Sothy, Singleton, Xi Jinping, Stringer, ” AidData, Stephen J, Townsend, ” Townsend, Bata, Ali Bongo Ondimba, Ken Ishii, ’, ” Singleton, China’s, Aaron Favila, Isaac Kardon, Kardon, ” Kardon, BlackSky Singleton, Rob Wittman, Fu Tian, Seth Moulton, ” Moulton, Martin Meiners Organizations: South Korea CNN, People’s Liberation Army Navy, Foundation for Defense of Democracies, People’s Liberation Army, PLA, Ream, Base, CNN, China’s Ministry of Defense, Ministry of Foreign Affairs, Ream Naval Base, ” Cambodian Defense, Cambodian, Getty, Fleet, Communist Party, US, Liberation Army personnel, William & Mary University, Sri Lankan Navy, US Africa Command, Gabonese, of, Xinhua, Naval Research Academy, Carnegie Endowment, International Peace, East China Seas, China, Control, Organization, Force, Strategic, International Studies, Defense Department, Chinese Communist Party, ”, Virginia Republican, The Defense Department, Qingdao Port, People's Liberation Army Navy, China News Service, America, Pentagon, US Defense Department Locations: Seoul, South Korea, China, Beijing, Washington, Cambodia, Argentina, Cuba, Djibouti, of Africa, Africa, West Asia, Gulf, Thailand, United States, Preah Sihanouk, AFP, Horn of Africa, “, South, Taiwan, Virginia, —, Sri Lanka, Bata , Equatorial Guinea, Gwadar, Pakistan, Kribi, Cameroon, Ream, Vanuatu, Nacala, Mozambique, Nouakchott, Mauritania, Colombo, Equatorial Guinea, Gabon, West Africa, South China, East Asia, East, Asia, Washington In Washington, Nanchang, Qingdao, Shandong province, Massachusetts

☆ Why is China's economy slowing down and could it get worse?
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +6 min

☆ Pope Francis lands in Mongolia, home to tiny Catholic flock
▼ + stars: | 2023-09-01 | by ( Philip Pullella | ) www.reuters.com time to read: +2 min

[1/10] Pope Francis tastes dried yoghurt as part of a welcome tradition as he arrives at the Chinggis Khaan International Airport during his Apostolic Journey in Ulaanbaatar, Mongolia September 1, 2023. Vatican Media/Handout via REUTERS Acquire Licensing RightsULAANBAATAR, Mongolia, Sept 1 (Reuters) - Pope Francis arrived in Mongolia on Friday to greet its tiny Catholic contingent, having earlier sent a blessing of "unity and peace" from his plane to China, with which the Vatican has had difficult relations. As is customary, Francis issued greetings to every country he flew over on his way to Mongolia including China, with which the Vatican has had difficult relations. "I send greetings of good wishes to your excellency and the People of China," the Pope said in the telegram addressed to Chinese President Xi Jinping. Mongolia was part of China until 1921 and has political and economic ties with Beijing.

Persons: Pope Francis, Francis, Pope, Xi Jinping, China’s, Philip Pullella, John Geddie, Christian Schmollinger, Robert Birsel Organizations: Vatican, Handout, REUTERS Acquire, ITA Airways, Communist Party, Thomson Locations: Ulaanbaatar, Mongolia, ULAANBAATAR, China, Western Europe, of China, Taiwan, Beijing

On Sunday, Evergrande reported losses of 33 billion yuan ($4.53 billion) for the first half of the year, versus a 66.4 billion yuan loss in the same period a year earlier. The Chinese property sector’s worsening debt crisis poses a significant challenge for President Xi Jinping and his policy makers, with the country’s economy already reeling from weaker domestic and overseas demand. China’s State Council Information Office, which handles media queries on behalf of the government, declined to comment on the property market and Evergrande’s fate. He sold the first complex the following year for 80 million yuan, according to Evergrande’s website. The committee investigated the matter after banks seized 13.4 billion yuan ($1.84 billion)of deposits held by the property-services unit in 2021.

Persons: Aly, Hui Ka Yan, Hui, Evergrande, Suppliers haven’t, ”, Anne Stevenson, Yang, Evergrande’s, Xi Jinping, Reuters wasn’t, Kelly Richmond Pope, ” Hui, “ Evergrande, Stevenson, Engen Tham, Julie Zhu, Clare Jim, Cassell Bryan Organizations: China Evergrande Group, REUTERS, Rights, China Evergrande, HK, Reuters, Suppliers, J Capital Research, Information Office, Political, Conference, Guangzhou Evergrande, soccer’s, Hong, Forbes, HengTen Networks, Management, Chicago’s DePaul University, Evergrande, Financial, Communist Party, “, China, Shanghai, Cassell, Low, Thomson Locations: China, Shenzhen, Guangdong province, Rights SHANGHAI, HONG KONG, United States, U.S, China’s, Henan province, Beijing, Hong Kong, Guangzhou, Evergrande, HengTen, Evergrande’s Hong Kong, Shanghai

☆ State officials want Shein to prove it doesn't use forced labor before it goes public
▼ + stars: | 2023-08-30 | by ( Gabrielle Fonrouge | In Gabrielle-Fonrouge | ) www.cnbc.com time to read: +4 min

Fast-fashion juggernaut Shein is facing more scrutiny from elected officials in the U.S. who want the company to prove it doesn't use forced labor before it files for a widely rumored initial public offering. "It is apparent that SHEIN is attempting to launch an IPO before the end of this calendar year. Shein has faced accusations that it used forced labor from the Xinjiang region in China to fuel its meteoric rise as rumors swirl that it is preparing to go public. "These are in raw materials so when we have a raw material positive test, that means that raw material is removed from production," Pernot-Day said. Pernot-Day said one of Shein's primary objectives at the moment is to get its positive test results down to zero.

Persons: Gary Gensler, SHEIN, Austin Knudsen, Shein, Peter Pernot, Oritain Organizations: U.S . Securities, Exchange, Montana's, Sparc Group, Chinese Communist Party, Bloomberg, CNBC, Politico Locations: U.S, Xinjiang, China, Shein

Search resuls for: "Communist Party"

25 mentions found