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☆ Opinion | Farewell to the U.S.-China Golden Age
▼ + stars: | 2023-11-14 | by ( Farah Stockman | ) www.nytimes.com time to read: +2 min

A lunch meeting about China this summer at the Upper East Side headquarters of the Council on Foreign Relations felt more like an Irish wake. A crowd that included gray-haired China hands and not-so-gray-haired tech executives shared memories of their years in the Middle Kingdom as diplomats, entrepreneurs and English teachers in the countryside. They were all keenly aware that they had lived through an extraordinary period of warm relations that is now gone, perhaps forever. China has closed itself off.”The nostalgia was poignant but the gathering was also notable for what it represented. That lunch meeting underlined the fact that China was turning into something they hadn’t expected — and slipping out of their reach.

Persons: Warren Christopher, “, ” Ian Johnson Organizations: Foreign Relations, U.S, Washington, New York Times Locations: China, Middle Kingdom, Taipei, Taiwan, Beijing, United States

☆ Chinese fast fashion retailer Temu overtakes Shein to dominate Japan and South Korea apps
▼ + stars: | 2023-11-10 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Similarly, in South Korea, Temu ranked No. Among the top shopping apps in South Korea, Temu was the fastest to reach 2 million downloads at around 88 days. Shein took 382 days while AliExpress took 366 days to hit the same milestone. Shein sued Temu in December over intellectual-property infringement while Temu accused Shein in July of threatening and forcing manufacturers into exclusivity agreements. Temu made its foray into Asia through Japan and South Korea in July.

Persons: Nikos Pekiaridis, Shein, Temu, Goldman Sachs, Mercari, Alibaba, AliExpress, Bernstein Organizations: Getty, Nurphoto, PDD Holdings, CNBC, iOS, Google, Nasdaq, Holdings, Citi, U.S, Committee Locations: Japan, South Korea, China, U.S, Australia, New Zealand, France, Italy, Germany, Netherlands, Spain, Boston , Massachusetts, Asia, Philippines, Malaysia

☆ US yields languish above lows before Powell remarks; oil sags
▼ + stars: | 2023-11-08 | by ( Kevin Buckland | ) www.reuters.com time to read: +3 min

Crude oil sank to a three-month low after data showed a steep build in U.S. stockpiles, while worries about the Chinese economy weighed on the outlook for demand. Equities were mixed in Asia, with gains for tech stocks offset by slumping commodity shares. Wall Street futures pointed slightly lower following gains across the big three indexes overnight, led by a 0.9% rally for the tech-heavy Nasdaq (.IXIC). "The markets are repositioning for a moderation in U.S. growth," pushing down long-term yields and the dollar, said Kyle Rodda, a senior markets analyst at Capital.com. Declines in commodity shares amid lower energy prices were offset by a climb in growth stocks, amid expectations for lower borrowing costs.

Persons: Androniki, Jerome Powell, Christopher Waller, Michelle Bowman, Powell, Kyle Rodda, Brent, Hong, Kevin Buckland, Shri Navaratnam Organizations: Nikkei, REUTERS, Rights, Federal, Wall, Nasdaq, Fed, People's Bank of China, Thomson Locations: Tokyo, Japan, Asia, U.S, Pacific

Nov 9 (Reuters) - A look at the day ahead in Asian markets from Jamie McGeever, financial markets columnist. Producer and consumer price inflation figures will be released, the highlights of a regional calendar that also includes Japanese bank lending, trade and current account figures, Indonesian retail sales, and Philippines GDP. Global yields are moving too - the 10-year Japanese Government Bond yield is back below 0.85%, having come within two basis points of 1% last week. The decline in U.S. bond yields is removing some of the dollar's shine, which in turn is allowing Asian currencies to fight back. Yen traders on Thursday are also eyeing Japanese bank lending figures for October and September's trade and current account report.

Persons: Jamie McGeever, Pan Gongsheng, Ping, Fed's Powell, Josie Kao Organizations: Treasury, People's Bank of China, Financial, Ping An Insurance Group, Reuters, Nissan, Honda, Sony, Group, China PPI, CPI, Thomson Locations: Asia, Philippines, Beijing, China's, Japan, Philippine, China

☆ US 'frankly raised' disagreements with China at first financial working group meeting
▼ + stars: | 2023-10-25 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Dado Ruvic/Illustration/File photo Acquire Licensing RightsOct 25 (Reuters) - U.S. officials "frankly raised areas of disagreement" with China at the first meeting of a new financial working group, where financial stability, supervision and regulation were discussed, the U.S. Treasury said on Wednesday. Attendees included senior officials from China's central bank and the U.S. Treasury Department, according to a Treasury statement. "The two-hour virtual meeting included a substantive and wide-ranging discussion on domestic and global financial stability, financial supervision and regulation, sustainable finance, and anti-money laundering and countering the financing of terrorism," the Treasury said. The financial working group and a parallel economic working group were launched last month after U.S. Treasury Secretary Janet Yellen's visit to Beijing in July aimed at fostering regular communications between the world's two largest economies. The economic working group, led by senior officials from the Treasury and China's Finance Ministry held its first meeting on Monday.

Persons: Dado Ruvic, Janet Yellen's, Yellen, Pan Gongsheng, Ismail Shakil, Costas Pitas, David Lawder, Paul Grant, Diane Craft Organizations: REUTERS, U.S . Treasury, U.S . Treasury Department, Treasury, U.S, China's Finance Ministry, People's Bank of China, International Monetary Fund, Bank, Reuters, Thomson Locations: China, China's, Beijing, Marrakech, Morocco, U.S

Investors were also excited by Tuesday's approval of an additional 1 trillion yuan ($136.76 billion) of sovereign bond issuance. Drawing investors back into China's $10.5 trillion stock market, particularly the foreign buyers that have fled in droves this year, would stem further slides in a market which fell to its lowest since 2019 earlier this week. "China's central government is endorsing the stock market," said Qi Wang, chief investment officer of UOB Kay Hian's wealth management division in Hong Kong. Huijin last bought ETFs during the 2015 stock market crash, and during the money market liquidity crunch in 2013. Still, China's stock markets have to overcome earlier heavy selling from foreigners, burnt by Xi's previous crackdowns on internet companies and other sectors, and its earlier stringent zero-COVID policy.

Persons: China's, Huang Yan, QiuYang, Huang, Pan Gongsheng, Qi Wang, UOB Kay, Huijin, Fabiana Fedeli, Fedeli, Goldman Sachs, Samuel Shen, Ankur Banerjee, Brigid Riley, Vidya Ranganathan Organizations: Central Huijin Investment, Shanghai QiuYang, People's Bank of China, Sino, CSI, Huijin, China Asset Management Co, Singapore's United Overseas Bank, G Investments, Thomson Locations: SHANGHAI, SINGAPORE, Shanghai, China, Hong Kong, Tokyo

☆ China to bolster economic recovery and curb risks, central bank head says
▼ + stars: | 2023-10-21 | by ( Reuters Staff | ) www.reuters.com time to read: +2 min

SHANGHAI/BEIJING (Reuters) - China will promote a sustained economic recovery, focusing on expanding domestic demand, while fending off financial risks, People’s Bank of China Governor Pan Gongsheng said in a report published on Saturday. FILE PHOTO: A woman walks past the headquarters of the People's Bank of China (PBOC), the central bank, in Beijing, China September 28, 2018. The report is significant because it is the first time the governor has commented on policy after the publication of third-quarter economic data. It will also guide financial institutions to help resolve local government debt risks, including debt risks of local government financing vehicles, he said. Pan also said in the report China would resolve the default risk of bonds of big real estate enterprises, preventing risk contagion in stock, bond and foreign exchange markets, and ensuring the stable operation of financial markets.

Persons: Pan Gongsheng, Jason Lee, Pan Organizations: People’s Bank of China, People's Bank of China, REUTERS Locations: SHANGHAI, BEIJING, China, Beijing

☆ Jon Stewart’s show on Apple is over because of disagreements about China
▼ + stars: | 2023-10-20 | by ( David Goldman | ) edition.cnn.com time to read: +4 min

Stewart informed staff Thursday that he and Apple executives agreed to part ways, according to multiple show staff members with whom Stewart discussed the matter. China worriesChina represents nearly a fifth of Apple’s sales and is the company’s fastest-growing region by far. Apple’s sales in China increased 8% between April and June (the most recent quarter for which Apple has reported its financial statement), while sales fell 6% in the Americas region during that same period. So a potentially critical look at China on Stewart’s show, streamed by Apple, may not have sat well with the consumers and officials Cook is hoping will help boost Apple’s bottom line in the region. But in its most recent season, Stewart started capturing more attention for his show, particularly in clips online, some of which went viral.

Persons: New York CNN —, Jon Stewart ”, Stewart, Tim Cook, Cook, John Oliver’s “, Tim Geithner, Gary Gensler, Nathan Dahm Organizations: New, New York CNN, Apple, The New York Times, Research, HBO, Warner Bros ., SEC, Oklahoma Locations: New York, China, Israel, Americas

China, whose economy is now three times the size it was in 2010, continued to push for more IMF shares. IMFC members agreed to add a third IMF Executive Board chair to represent African countries, a key sweetener for the U.S. "equi-proportional quota plan. Pan said China supported this move but it was a separate issue from the shareholding formula. It also called for the IMF's Executive Board to propose options for changes to the shareholding formula by June 2025. This would accelerate the next five-year review of quotas and meet IMF Managing Director Kristalina Georgieva's call for a deadline on adjusting its shareholding to preserve its credibility.

Persons: Nadia Calvino, Kristalina Georgieva, Pan Gongsheng, Pan, Kristalina, Georgieva, David Lawder, Andrea Shalal, Sharon Singleton, Christina Fincher, Franklin Paul, Diane Craft Organizations: Monetary, Financial, International Monetary Fund, World Bank, Monetary Fund, IMF, Fund, The U.S . Treasury, People's Bank of China, Beijing, IMF's, U.S . Treasury, United Arab, Thomson Locations: Marrakech, Morocco, MARRAKECH, U.S, China, CHINA, The U.S, India, Ukraine, Israel, Gaza, United Arab Emirates

☆ Yellen, China's top central banker talk about debt, economic developments -US Treasury
▼ + stars: | 2023-10-13 | by ( ) www.reuters.com time to read: +1 min

U.S. Secretary of Treasury Janet Yellen and People’s Bank of China Governor Pan Gongsheng pose before holding a bilateral meeting on the fifth day of the annual meeting of the International Monetary Fund and the World Bank, following last month's deadly earthquake, in Marrakech, Morocco, October 13, 2023. REUTERS/Susana Vera Acquire Licensing RightsMARRAKECH, Morocco, Oct 13 (Reuters) - U.S. Treasury Secretary Janet Yellen and People's Bank of China Governor Pan Gongsheng on Friday held a "substantive and productive" meeting that covered debt, financial architecture and future economic communications, a Treasury spokesperson said. "During the substantive and productive meeting, Secretary Yellen and Governor Pan exchanged views on macroeconomic and financial developments," the spokesperson said in an emailed statement after the meeting on the sidelines of International Monetary Fund and World Bank meetings in Morocco. "They also discussed the international financial architecture and debt issues, as well as how to make the Financial Working Group co-chaired by Treasury and the PBOC substantive and productive," the spokesperson said, referring to one of two new U.S.-China economic communications groups launched in September. Reporting by David Lawder; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Janet Yellen, Pan Gongsheng, Susana Vera, Yellen, Pan, David Lawder, Alex Richardson Organizations: People’s Bank of China, International Monetary Fund, World Bank, REUTERS, Rights, . Treasury, People's Bank of China, Treasury, Thomson Locations: Marrakech, Morocco, Rights MARRAKECH, China

☆ Taiwan elects its own leaders so is already independent: presidential frontrunner
▼ + stars: | 2023-10-06 | by ( ) www.reuters.com time to read: +2 min

Taiwan's Vice President William Lai announces his "National Project of Hope" ahead of the upcoming presidential election in Taipei, Taiwan September 6, 2023. In an interview with Japanese media, a transcript of which his campaign team released on Friday, Lai was asked on his position on Taiwan independence. Taiwan regularly elects leaders at all levels of government, right from the grassroots up to the president, Lai said. Therefore, there is no need to declare Taiwan's independence again," he added. Taiwan President Tsai Ing-wen cannot stand again after two terms in office.

Persons: William Lai, Ann Wang, Lai, Tsai Ing, Mao Zedong's, Ben Blanchard, Lincoln Organizations: of, REUTERS, Rights, Taiwan Affairs Office, Kuomintang, Thomson Locations: Taipei, Taiwan, Rights TAIPEI, China, Beijing, Republic of China, People's Republic of China

☆ Taiwan Elects Its Own Leaders So Is Already Independent: Presidential Frontrunner
▼ + stars: | 2023-10-06 | by ( Oct. | At A.M. | ) www.usnews.com time to read: +2 min

In an interview with Japanese media, a transcript of which his campaign team released on Friday, Lai was asked on his position on Taiwan independence. Taiwan regularly elects leaders at all levels of government, right from the grassroots up to the president, Lai said. If it is not sovereign and independent, how can there be a presidential election? Therefore, there is no need to declare Taiwan's independence again," he added. Taiwan President Tsai Ing-wen cannot stand again after two terms in office.

Persons: William Lai, Lai, Tsai Ing, Mao Zedong's, Ben Blanchard, Lincoln Organizations: Taiwan Affairs Office, Kuomintang Locations: TAIPEI, Taiwan, China, Beijing, Republic of China, People's Republic of China

HANGZHOU, China (AP) — A month before the Asian Games, China released a new national map, doubling down on its claims to almost the entire South China Sea and disputed border territories with India. At the games themselves, however, outward aggression has taken a backseat to unctuous charm as China sought to win the hearts of more than 40 Asian nations and regions by dazzling them with technology and slathering them with praise. “The Asian Games embodies the Asian people’s shared desire for peace, unity and inclusiveness,” Xi told them, according to his prepared remarks. Signs around Hangzhou billed the city as a “paradise on earth” while China adopted the motto “heart to heart” for the Asian Games, which feature some 12,000 competitors - more than the summer Olympics - from across Asia and the Middle East. “This will undoubtedly open new prospects for cultural exchanges, cultural integration and people-to-people bonds in Asia,” the Chinese Communist Party’s official People’s Daily wrote Monday in an effusive editorial about the Hangzhou games.

Persons: Xi Jinping, ” Xi, “ Xi, ”, Xi, Wang Wenbin, “ Organizations: Games, South China, Asian Games, Communist, Daily, Foreign Ministry, U.S Locations: HANGZHOU, China, India, Taiwan, Beijing, Hangzhou, South, Indonesia, Vietnam, Malaysia, Brunei, Philippines, Taipei, Asia, Fujian Province, Philippine, South China, Washington, ’, Pacific

☆ Apple has a big China problem that's 22 years in the making
▼ + stars: | 2023-09-13 | by ( Cork Gaines | ) www.businessinsider.com time to read: +6 min

Consider the following:But as tensions rise between the US and China, Apple may be stuck in the middle. Visual China Group via Getty ImagesApple's dependency on China goes back 2 decadesChina was admitted to the World Trade Organization in 2001. The same year China joined the WTO, Apple began manufacturing in China. Apple turns its flirtatious eye to IndiaAs problems continue to mount in China, Apple is making a — perhaps long-overdue — shift to become less dependent on China. Apple is also increasing its production of iPhones in India but is still miles behind China in terms of both volume and speed.

Persons: Tim Cook, Apple, Luke Lloyd, Varney, Lloyd, Stuart Varney, Barack Obama, Donald Trump, Joe Biden, Evan Vucci, Tim Cook's, Goldman Sachs, Cook, Xi, There's Organizations: Apple, Service, Street Journal, China Development Forum, Visual China, Getty, World Trade Organization, WTO, Strategic Wealth Partners, Fox Business, Co, country's Communist Party, US, AP, Micron Locations: China, India, Wall, Silicon, South Carolina, AP China, iPhones

☆ China war games: Select committee members discuss risks from war over Taiwan
▼ + stars: | 2023-09-12 | 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 EmailChina war games: Select committee members discuss risks from war over TaiwanRep. Mike Gallagher, and Rep. Raja Krishnamoorthi, joins 'Squawk Box' to discuss the potential that China's not the risk Congress thinks it is, Rep. Krishnamoorthi's thoughts on how to engage with China going forward, and how top U.S. businessmen can operate in China.

Persons: Mike Gallagher, Raja Krishnamoorthi Organizations: China, Taiwan Rep Locations: China

☆ Cramer says stick with Apple despite reports of China government iPhone ban
▼ + stars: | 2023-09-07 | by ( Julie Coleman | ) www.cnbc.com time to read: +1 min

CNBC's Jim Cramer told investors not to sell Apple even after shares fell on Thursday after reports that China banned iPhone use for its government employees. Greater China, including Hong Kong and Taiwan, is Apple's third-largest market, making up 18% of total revenue, CNBC reported. Cramer admitted that a ban like this could lead to a huge hit for Apple's earnings. Cramer noted that Apple and many of its mega-cap tech peers continually find success not because of a single hit product, but rather because they are able to adapt. To Cramer, investors who choose to sell Apple shares now may miss out on stock surges prompted by a new iPhone release or new content not yet announced.

Persons: CNBC's Jim Cramer, Cramer, Tim Cook Organizations: Apple, CNBC Locations: China, Greater China, Hong Kong, Taiwan

☆ Investors are getting bearish on China — but see other upside opportunities in Asia
▼ + stars: | 2023-08-31 | by ( Hakyung Kim | ) www.cnbc.com time to read: +4 min

However, some investors believe a bearish China story is shifting the spotlight onto investment opportunities in other Asian markets. Morgan Stanley downgraded the iShares MSCI China ETF (MCHI) to equal weight from overweight in early August, citing lower earnings growth expectations and structural challenges. Opportunity in Japan Japan currently stands out as a "particularly attractive" investment play, according to Horizon Investments chief investment officer Scott Ladner. Investors can get access to the Japanese market through the iShares MSCI Japan ETF (EWJ) , which has an expense ratio of 0.5% and more than $13 billion in assets. Ways to play the space include the iShares MSCI South Korea ETF (EWY) , the Franklin FTSE South Korea ETF (FLKR) and the iShares MSCI Taiwan ETF (EWT) .

Persons: Morgan Stanley, Wells, Jay Bryson, Scott Ladner, Ladner, Seth Carpenter, it's, Carlos Asilis, China —, Asilis, Franklin Templeton's FLKR, we've Organizations: Horizon Investments, Bank of Japan, Glovista Investments, Korea ETF, Franklin FTSE, Franklin FTSE South Korea ETF, U.S Locations: China, Wells Fargo, Japan Japan, Japan, Asia, Pacific, South Korea, Taiwan, Korea, Franklin FTSE South, Australia, India, Vietnam, Indonesia

☆ China is 'not developing as we hoped,' says ABB CEO
▼ + stars: | 2023-08-30 | 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 EmailChina is 'not developing as we hoped,' says ABB CEOBjorn Rosengren, CEO of ABB, discusses the economic activity coming out of China going into the second half of the year.

Persons: Bjorn Rosengren Organizations: China, ABB Locations: China

[1/5] Taiwan President Tsai Ing-wen pays tribute to the fallen soldiers during a ceremony commemorating the 65th anniversary of the Second Taiwan Strait Crisis, in Kinmen, Taiwan August 23, 2023. REUTERS/Ann Wang Acquire Licensing RightsKINMEN, Taiwan, Aug 23 (Reuters) - Maintaining peace needs a powerful defence, Taiwan President Tsai Ing-wen said on Wednesday, as she made a rare visit to a frontline island located right next to China, to mark the anniversary of a key military clash with Chinese forces. China has stepped up military activity to try and force democratically-governed Taiwan to accept Beijing's sovereignty, despite strong objections from the government in Taipei. Taiwan fought back at the time with support from the United States, which sent military equipment like advanced Sidewinder anti-aircraft missiles, giving Taiwan a technological edge. Taiwan has controlled Kinmen and Matsu since the defeated Republic of China government fled to Taipei in 1949 after losing a civil war with Mao Zedong's communists.

Persons: Tsai Ing, Ann Wang, Taipei . Tsai, Tsai, Mao Zedong's, Fabian Hamacher, Ben Blanchard, Clarence Fernandez Organizations: REUTERS, Taiwan, U.S, Thomson Locations: Taiwan, Kinmen, China, Taipei ., United States, Taipei, Republic of China

LONDON, Aug 23 (Reuters) - The United States and China may feel some financial detente is wise at this point - even if goading one another plays well domestically. But elements of the once-feared bind of 'mutally-assured financial destruction' (MAFD) still apply. Pulling the rug out from under either - battering U.S. and Chinese demand in effect - seems to make little economic sense at least. America had new markets and investments and a seemingly durable new creditor that kept borrowing rates low and consumption up. Falling China Share of Foreign US Treasury HoldingsChina FX Reserves vs Global ReservesUS Treasury Debt Climbs as Fed Pulls Back'MAFD'But is that where the situation has landed post-pandemic?

Persons: Larry Summers, Summers, Goldman Sachs, Jim O'Neill, O'Neill, Gina Raimondo's, Stephen Jen, Eurizon SLJ, Treasuries, Deepa Babington Organizations: U.S . Treasury Securities, ., Treasury, Foreign US Treasury Holdings China FX, Global Reserves, U.S ., Commerce, U.S, Reuters Graphics Reuters, Reuters, Thomson Locations: United States, China, Washington, Ukraine, Taiwan, Hong Kong, U.S, Beijing, America

☆ Explainer: Why is China so angry about the Taiwan vice president's US trip?
▼ + stars: | 2023-08-19 | by ( ) www.reuters.com time to read: +4 min

Here are the key issues in Taiwan-U.S., China-U.S. and Taiwan-China relations, and why China is so upset about Lai's visit to the United States. Taiwan's official name continues to be the Republic of China, though these days the government often stylises it as the Republic of China (Taiwan). China views Taiwan President Tsai Ing-wen as a separatist and has rebuffed repeated calls from her for talks. She says the Republic of China and People's Republic of China are "not subordinate" to each other. Beijing says Tsai must accept that both China and Taiwan are part of "one China".

Persons: William Lai, Xi Jinping, Mao Zedong's, LAI, Lai, Joe Biden, Tsai Ing, Tsai, Ben Blanchard, Kim Coghill Organizations: Lotte, REUTERS, Rights, Taiwan, CHINA, Communist Party, Democratic, STATES, United States, Taiwan Relations, Thomson Locations: Manhattan, New York City , New York, U.S, Rights TAIPEI, China, Taiwan, Taipei, United States, Paraguay, People's Republic of China, Republic of China, Beijing, TAIWAN, United, Washington, TAIPEI, BEIJING

Taiwan's constitution states that the Republic of China is a sovereign state, and that has been a consensus shared by all Taiwan's main political parties. The Republic of China government fled to Taiwan in 1949 after losing a civil war with Mao Zedong's communists, who set up the People's Republic. "It is because if he is elected as the leader of Taiwan, he may come to advance his goal of Taiwan independence, which will provoke a crisis across the Taiwan Strait." China's Taiwan Affairs Office said his comments were "weird" and "deceitful" given that his "Taiwan independence nature" had not changed. China has demanded Taiwan's government accept that both sides of the Taiwan Strait belong to "one China," something Tsai and Lai have refused to do.

Persons: William Lai, Carlos Garcia Rawlins, Lai, Tsai Ing, Mao Zedong's, Wu Xinbo, Joseph Wu, George Yin, Yin, Tsai's, Lai ., Xi Jinping, Taiwan's, Tsai, Meng Chih, cheng, Ben Blanchard, Sarah Wu, Martin Pollard, Casey, Sonali Paul Organizations: International Airport, REUTERS, Rights, Shanghai's Fudan University, National Taiwan University, Taiwan Affairs Office, Cheng Kung University, Casey Hall, Thomson Locations: United States, New York, Paraguay, Taoyuan, Taiwan, Rights TAIPEI, China, Beijing, Taiwanese, Republic of China, People's Republic of China, The Republic of China, Republic, Republic of Taiwan, Hong Kong, Shanghai

☆ Women’s World Cup: Capturing Brandi Chastain’s iconic penalty
▼ + stars: | 2023-08-17 | by ( Thomas Schlachter | ) edition.cnn.com time to read: +8 min

The US Women’s National Team (USWNT) was on the cusp of winning its second Women’s World Cup – this time in front of a sell-out home crowd. The 1999 Women’s World Cup was a turning point for the women’s game, particularly in the US, and pictures of Chastain’s celebrations are synonymous with the surge of success for soccer in the States. The final of the tournament also still holds the record for the biggest attendance for a Women’s World Cup game. “[The 1999 tournament] is why I’m here, it’s why I’m in the US and playing for the US,” 2015 Women’s World Cup winner Sydney Leroux said according to FIFA. Then President Bill Clinton congratulates the US squad at the White House after winning the 1999 FIFA Women's World Cup.

Persons: Brandi Chastain, juxtaposing, Chastain, Chastain jogged, Gao Hong, Hector Mata, Mark J, Terrill, ” Mata, Mata, Robert Beck, Sydney Leroux, ” “, Carli Lloyd, Lars Baron, it’s, Chastain’s, ” Chastain, “, ”, Bill Clinton, Vincent Laforet, David Madison Organizations: CNN, US Women’s National, Rose, CNN Sport, Sports, FIFA, 99ers, White House, US National Team, Getty Locations: China, Los Angeles, States, America, United States

☆ Taiwan presidential frontrunner says no plans to change island's formal name
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

TAIPEI, Aug 15 (Reuters) - The leading candidate to be Taiwan's new president, Vice President William Lai, said in an interview on Tuesday that he has no plans to change the island's formal name, but reiterated that Taiwan is "not subordinate" to China. It is not part of the People's Republic of China," he said in an interview with the Bloomberg news agency. "The current name, according to our constitution, is the Republic of China," Lai said, according to a transcript published by his campaign team. "And in respect to unifying Taiwanese society, President Tsai has used the term Republic of China (Taiwan) to describe our country. President Tsai Ing-wen cannot run again after serving two terms in office.

Persons: William Lai, Lai, Mao Zedong's, Tsai, Tsai Ing, Ben Blanchard, Gerry Doyle Organizations: Bloomberg, ROC, Thomson Locations: TAIPEI, Taiwan, China, Beijing, Republic of China, People's Republic of China, ROC, Paraguay, Taipei, New York, San Francisco

☆ Country Garden default? China's property crisis deepens as developer misses bond payments
▼ + stars: | 2023-08-09 | by ( Laura He | ) edition.cnn.com time to read: +5 min

The latest major industry player to get into trouble is Country Garden, once China’s largest developer. Several of Country Garden’s yuan-denominated bonds were suspended from trading in Shanghai and Shenzhen on Tuesday after they dropped by more than 20%. Country Garden did not respond to a request from CNN for comment. An aerial view of a residential project developed by Country Garden Holdings is seen in Zhenjiang, Jiangsu province on October 31, 2021. Property crisis deepensChina’s property industry has been mired in a historic downturn in the past two years.

Persons: “, Fang Dongxu, ”, Edward Moya, Moody’s, Kaven Tsang, Li Qiang Organizations: Hong Kong CNN —, Reuters, CNN, Country Garden Holdings, China Index Academy, Oanda, China’s, People’s Bank of Locations: Hong Kong, Shanghai, Shenzhen, Zhenjiang, Jiangsu province, China, Moody’s, Beijing, People’s Bank of China

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