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[1/6] A view shows model TO3 of Leapmotor, a Chinese automobile manufacturer, displayed during an event a day ahead of the official opening of the 2023 Munich Auto Show IAA Mobility, in Munich, Germany, September 4, 2023. Chinese EV makers, including BYD (002594.SZ), Nio (9866.HK) and Xpeng (9868.HK) are all targeting Europe's EV market, where sales soared nearly 55% to about 820,000 vehicles in the first seven months of 2023, making up about 13% of all car sales. The arrival of Chinese EV makers in Europe has raised concerns they could dominate EV sales. Xpeng President Brian Gu said while European carmakers currently lag behind China, they have made a "huge commitment" to EVs with partnerships and large investments in technology. "I would never discount the large (carmakers) trying really hard to come back and focus on this important transition," Gu said.

Persons: Leonhard Simon, Luca de Meo, De Meo, Hildegard Mueller, Oliver Zipse, Oliver Blume, Brian Gu, Gu, Ferdinand Dudenhoeffer, Dudenhoeffer, Nick Carey, Victoria Waldersee, Gilles Gillaume Christina Amann, Zoey Zhang, Jan Schwartz, Friederike Heine, Clarence Fernandez, Sharon Singleton Organizations: REUTERS, China EV, Renault, Reuters, HK, Europe's EV, Zhejiang Leapmotor Technology, EV, German Association of, Automotive Industry, Jato Dynamics, BMW, Benz, Klasse, Volkswagen, Auto, Thomson Locations: Munich, Germany, China, MUNICH, BYD, Zhejiang, Europe, Asia

☆ Xpeng says it plans to expand into more European markets next year
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +1 min

People visit at the XPeng Motors booth at the Auto Shanghai show, in Shanghai, China, April 19, 2023. REUTERS/Aly Song/File photo Acquire Licensing RightsMUNICH, Sept 4 (Reuters) - Chinese electric vehicle maker Xpeng (9868.HK) plans to expand into more European markets, including Germany, Britain and France in 2024, president Brian Gu told reporters on Monday at the IAA Mobility motor show in Munich. China's EV makers are seeking to expand in the region, aiming for higher margins and faster growth in overseas markets and challenging European companies on their home turf with cheaper models. Chinese EV makers are also struggling with a bruising price war at home that has squeezed their profitability and capped growth. While their EV sales picked up rapidly in South East Asia and South America, the European market has remained difficult for Chinese auto brands.

Persons: Aly, Brian Gu, Gu, ”, Zhang Yan, Victoria Waldersee, Josephine Mason, Jason Neely Organizations: Auto, REUTERS, Rights, HK, IAA Mobility, China's, EV, Thomson Locations: Auto Shanghai, Shanghai, China, Germany, Britain, France, Munich, Israel, Netherlands, Norway, South East Asia, South America, Europe

☆ Factbox: How China is trying to boost its stock market
▼ + stars: | 2023-09-04 | by ( ) www.reuters.com time to read: +4 min

REUTERS/Aly Song/File Photo Acquire Licensing RightsSept 4 (Reuters) - China is launching a campaign to revive its lagging stock market, and boost investor confidence in an ailing economy. A slew of measures announced include reducing trading costs, slowing the pace of initial public offerings (IPOs), encouraging margin financing and protecting small investors. IMPROVING BEIJING STOCK EXCHANGE:China Securities Regulatory Commission (CSRC) aims to boost liquidity in the market by relaxing investor thresholds and improving trading mechanisms. It will seek to reform and invigorate the market, focusing on funding innovative small companies that specialise in niche sectors. TRANSACTION COSTS:The stamp duty on stock trading was halved on Aug 28, the finance ministry announced.

Persons: Aly, Li Gu, Jason Xue, Tom Westbrook, Simon Cameron, Moore, Lincoln Organizations: Shanghai Stock Exchange, REUTERS, Beijing Stock Exchange, China Securities Regulatory Commission, Thomson Locations: Pudong, Shanghai, China, BEIJING, Singapore

☆ It is 'definitely not easy' to break into the European market, Xpeng president says
▼ + stars: | 2023-09-04 | 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 EmailIt is 'definitely not easy' to break into the European market, Xpeng president saysXpeng President Brian Gu discusses the Chinese EV-maker's move into the European market and the competition its faces.

Persons: Brian Gu

☆ Xpeng will be entering the German market, Chinese EV-maker's president says
▼ + stars: | 2023-09-04 | 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 EmailXpeng will be entering the German market, Chinese EV-maker's president saysXpeng President Brian Gu discusses the company's plans for international expansion, saying Germany is the "most important and highest standard" market for electric vehicles.

Persons: Brian Gu Locations: Germany

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

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

HONG KONG/BEJING, Sept 2 (Reuters) - Country Garden (2007.HK) has won approval from its creditors to extend payments for an onshore private bond, two sources said on Saturday, in a major relief for the embattled Chinese property developer as well as the crisis-hit property sector. Country Garden was seeking approval from its creditors to extend the maturity for a 3.9 billion yuan ($540 million) onshore private bond in a vote that ended on Friday night. China's largest private property developer had proposed to repay the debt in instalments over three years instead of meeting its obligations by Saturday. Country Garden did not immediately respond to a request for comment. A default by Country Garden would have exacerbated the country's real estate crisis, put more strain on its onshore lenders and further delayed the prospect of a recovery of the property market.

Persons: spiralled, Xie Yu, Kevin Huang, Li Gu, Sumeet Chatterjee, William Mallard Organizations: HK, Reuters, Thomson Locations: HONG KONG, Beijing, Hong Kong, Shanghai

☆ Some onshore creditors of Country Garden private bond receive interest payments
▼ + stars: | 2023-09-01 | by ( ) www.reuters.com time to read: +1 min

A view of the residential apartments in Country Garden's Forest City development in Johor Bahru, Malaysia August 16, 2023. REUTERS/Edgar Su/File Photo Acquire Licensing RightsHONG KONG, Sept 1 (Reuters) - Some onshore creditors of embattled Chinese property developer Country Garden's (2007.HK) private bond have received interest payments, sources told Reuters on Friday. The development comes after Country Garden on Thursday delayed a deadline for creditors to vote on whether to postpone payments for that onshore 3.9 billion yuan ($537 million) private bond until Friday 1400 GMT to give bondholders "sufficient time" to prepare for the vote. Country Garden did not immediately respond to request for comment. Reporting by Li Gu, Kevin Huang and Xie Yu; Editing by Alex RichardsonOur Standards: The Thomson Reuters Trust Principles.

Persons: Edgar Su, Li Gu, Kevin Huang, Xie Yu, Alex Richardson Organizations: REUTERS, HK, Reuters, Thomson Locations: Garden's, City, Johor Bahru, Malaysia, HONG KONG

Country Garden is China's largest private developer. Country Garden has been in talks with onshore creditors to extend payments on the private bond and has proposed to repay in instalments over three years instead of meeting its obligations by the deadline on Saturday. "Country Garden may be able to extend its debts, but it does not mean the company and property sector are out of the woods unless home sales rebound." On Wednesday, creditors holding 10.5% of the outstanding principal, added a new proposal where they can vote to immediately call the company in default. The company's extension plan for the onshore private bond calls for payments in seven instalments ending in September 2026.

Persons: Matthew Pestronk, Goldman Sachs, Moody's, Kaven Tsang, Gary Ng, Ng, Xie Yu, Clare Jim, Li Gu, Matt Tracy, Sumeet Chatterjee, Anne Marie Roantree, Jacqueline Wong, Kim Coghill, Susan Fenton Organizations: HK, Post, People's Bank of China, Thursday, Asia Pacific, Thomson Locations: China, HONG KONG, SHANGHAI, Beijing, Hong Kong, Philadelphia, Guangzhou, Shenzhen, Caa1, Asia, Shanghai

☆ Country Garden seeks to add 40-day grace period to onshore bond repayment
▼ + stars: | 2023-08-29 | by ( ) www.reuters.com time to read: +1 min

The company logo of Chinese developer Country Garden is pictured at the Shanghai Country Garden Center in Shanghai, China August 9, 2023. REUTERS/Aly Song/File Photo Acquire Licensing RightsBEIJING, Aug 29 (Reuters) - China's largest private property developer Country Garden Holdings (2007.HK) is seeking to add a 40-day grace period for the repayment of a 3.9 billion yuan ($535.3 million) private onshore bond due on Saturday, according to a document seen by Reuters. Country Garden did not immediately respond to a request for comment. In the document received by private bondholders on Tuesday, Country Garden added a new voting item of adding a grace period of 40 calendar days. A small bondholder, among those who vetoed the repayment extension plan last week, told Reuters he also planned to vote against the proposed new term.

Persons: Aly, Kevin Huang, Clare Jim, Li Gu, Jacqueline Wong, Edmund Klamann Organizations: Shanghai Country Garden, REUTERS, Rights, Garden Holdings, Reuters, Thomson Locations: Shanghai, China, Rights BEIJING, HK, Beijing, Hong Kong

☆ China halves stamp duty on stock trades to boost flagging market
▼ + stars: | 2023-08-27 | by ( ) www.reuters.com time to read: +2 min

An electronic board shows Shanghai and Shenzhen stock indexes, at the Lujiazui financial district, following the coronavirus disease (COVID-19) outbreak, in Shanghai, China October 25, 2022. REUTERS/Aly Song/File photo Acquire Licensing RightsBEIJING/SHANGHAI, Aug 27 (Reuters) - China halved the stamp duty on stock trading effective Monday in the latest attempt to boost the struggling market as a recovery sputters in the world's second-biggest economy. The finance ministry said in a brief statement on Sunday it was reducing the 0.1% duty on stock trades "in order to invigorate the capital market and boost investor confidence". Along with the finance ministry move, the China Securities Regulatory Commission (CSRC) is rolling out measures to shore up market confidence in investing in listed companies. China's leaders vowed late last month to reinvigorate the stock market - the world's second largest - which has been reeling as the post-pandemic recovery flags and a debt crisis in the property market deepens.

Persons: Aly, Xie Chen, CSRC, China's, Judy Hua, Joe Cash, Li Gu, William Mallard Organizations: REUTERS, Rights, Reuters, Shanghai Jianwen Investment Management, China Securities Regulatory Commission, Regulators, Ministry of Finance, State Council, Thomson Locations: Shanghai, Shenzhen, China, Rights BEIJING, SHANGHAI, Beijing

REUTERS/Aly Song/File Photo Acquire Licensing RightsHONG KONG/AMSTERDAM, Aug 24 (Reuters) - Global investors fleeing China have one simple message for the country's leadership: put prudence aside for a short while, and start spending big. "At this point there is confusion and, as long as there is confusion, then there's lack of credibility and that means investors are more likely to stay away," said Seema Shah, chief global strategist at Principal Global Investors in London. Prominent examples are heavy Chinese government spending during the 2008 Global Financial Crisis and its swift intervention during the 2015 market crash. But the subsidies need to come from local governments, many of which are cash-strapped or even drowning in debt and unable to pay their civil servants. The lack of concrete stimulus measures now is prompting many China watchers to downgrade their growth estimates for the next few years.

Persons: Aly, China's, Seema Shah, Chen Zhao, Zhao, hasn't, Frederik Ducrozet, Ducrozet, Principal's Shah, Yan Wang, Xi Jinping's, we’ve, Lorraine Tan, Dhara Ranasinghe, Davide Barbuscia, Yoruk, Xie Yu, Ankur Banerjee, Tom Westbrook, Li Gu, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Global, Global Investors, policymaking Politburo, Pictet Wealth Management, Local, UBS Bank, Federated Hermes, Foreigners, Asia, Morningstar, Thomson Locations: Huangpu, Shanghai, China, HONG KONG, AMSTERDAM, London, Beijing, Japan, United States, New York, Amsterdam, Hong Kong, Singapore

☆ Chinese EV maker Xpeng expects cost cuts, Volkswagen deal to narrow losses
▼ + stars: | 2023-08-21 | by ( Sheila Chiang | ) www.cnbc.com time to read: +3 min

In this article 9868-HK Follow your favorite stocks CREATE FREE ACCOUNTA XPeng Inc. G6 electric sport utility vehicle (SUV). Qilai Shen | Bloomberg | Getty ImagesXpeng expects cost cuts and its Volkswagen partnership to narrow the firm's losses, the Chinese EV maker told CNBC in an exclusive interview on Monday. watch nowXpeng is attempting to revive its business this year, after its share price sank by more than 80% in 2022. BofA upgraded Xpeng from "neutral" to "buy" at $22 per share, up from its previous price target of $16.30 per share. BofA Securities in a May report said it expects China to hold 40%-45% market share in 2025.

Persons: Qilai Shen, Xiaopeng, Brian Gu, Xpeng, CNBC's, Gu, that's Organizations: HK, Inc, Bloomberg, Getty, Volkswagen, CNBC, U.S, Tesla, BofA Securities, Germany's Volkswagen, Global Locations: Hong Kong, China, Xpeng

☆ We plan to 'spend a lot of time on cost-cutting,' XPeng says
▼ + stars: | 2023-08-21 | 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 EmailWe plan to 'spend a lot of time on cost-cutting,' XPeng saysBrian Gu, co-president of the Chinese electric vehicle maker, discusses its second-quarter earnings and how the company plans to boost profitability.

Persons: XPeng, Brian Gu

☆ China's Xpeng falls on dull forecast as EV price war takes toll
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +2 min

The logo on an XPeng Inc. P7 performance electric vehicle is seen outside the New York Stock Exchange in New York, U.S., August 27, 2020. The Chinese electric vehicle-maker forecast revenue of 8.5 billion yuan to 9 billion yuan for the current quarter ending September, below estimates of 9.77 billion yuan ($1.34 billion), according to the average estimate of six analysts by Refinitiv. The forecast underscores weak demand in China and intense competition following price cuts unleashed by Tesla (TSLA.O) and other home-grown automakers. In the second quarter ended June 30, Xpeng's revenue decreased 32% to 5.06 billion yuan, in line with estimates. ($1 = 7.2905 Chinese yuan renminbi)Reporting by Yuvraj Malik in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Persons: Mike Segar, Tesla, Hongdi Brian Gu, Yuvraj Malik, Sriraj Organizations: New York Stock Exchange, REUTERS, HK, Refinitiv, Thomson Locations: New York, U.S, China, Bengaluru

☆ Take Five: Summer at Jackson Hole
▼ + stars: | 2023-08-18 | by ( ) www.reuters.com time to read: +5 min

REUTERS/Jason Reed Acquire Licensing RightsLONDON, Aug 16 (Reuters) - It's summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. U.S. Federal Reserve officials (plus friends from the ECB, BoE and BOJ) descend on Jackson Hole, Wyoming on Aug. 24-26 for their annual central bank confab. Inflation remains sticky in places and investors want to know how long it will take for central banks to switch to easing. European PMIs could provide a bigger signal on whether the European Central Bank will hike again in September and if the Bank of England opts for a big rate increase. Turkey's central bank is poised to raise rates on Thursday for the third time in a row since Hafize Gaye Erkan was appointed as governor in early June.

Persons: Jason Reed, Ira Iosebashvili, Li Gu, Yoruk, Rosario, Marc Jones, Rachel Savage, BoE, Jackson, Vladimir Putin, Hafize Gaye Erkan, Erkan, Tayyip Erdogan, Dhara Ranasinghe, Stephen Coates Organizations: U.S . Federal, REUTERS, U.S . Federal Reserve, ECB, Nvidia, CARE, HK, China, European Central Bank, Bank of England, West, Reuters, Thomson Locations: Washington, U.S, Jackson Hole , Wyoming, China, Ira, New York, Shanghai, Amsterdam, Jorgelina, London, Johannesburg, confab, CHINA, Beijing, United States, European, Brazil, Russia, India, South Africa, Saudi Arabia, Argentina, Egypt, Turkey

☆ Xpeng shares drop 7% after the Chinese electric car maker posts a record quarterly loss
▼ + stars: | 2023-08-18 | by ( Arjun Kharpal | ) www.cnbc.com time to read: +2 min

Xpeng on Friday reported a wider-than-expected loss in the second quarter, sending the Chinese electric car maker's shares down more than 7% in premarket U.S. trade. The net loss was wider than the 2.7 billion yuan ($370.7 million) loss reported in the second quarter of last year. It was also the biggest quarterly loss that Xpeng has posted since going public in August 2020. Here's how Xpeng did against Refinitiv consensus estimates for the second quarter:Net loss: 2.8 billion yuan loss vs. 2.13 billion yuan loss expectedRevenue: 5.06 billion Chinese yuan ($693.7 million) vs. 5.06 billion yuan expected, representing a 31% year-on-year fall. Xpeng's is hoping its latest car — the G6 Ultra Smart Coupe SUV — which was launched at the end of the second quarter, will boost margins.

Persons: Xpeng, Li Auto, Brian Gu Organizations: Guangzhou International Automobile, China Import, Tesla Locations: Guangzhou, Guangdong Province of China, premarket U.S, China

Yields on one-year real estate bonds rated AA- have widened 220 bps in the past month, data from Chinabond shows. That divergence reflects investors' expectations that Beijing will support LGFVs in order to minimise financial contagion, despite rising delinquencies among developers. Yields on LGFV bonds issued in August averaged around 3.9%, the lowest seen this year, according to data provider Dealing Matrix(DM). The chorus of economists calling for China to support LGFVs as part of measures to shore up the economy has grown. Chi Lo, Hong Kong-based senior economist at BNP Paribas Asset Management, said Beijing needs to refinance LGFV debt over the next three to five years to prevent the system from imploding.

Persons: Aly, Zhu Yangmo, LGFVs, Zhu, Chi Lo, Li Gu, Samuel Shen, Tom Westbrook, Vidya Ranganathan, Kim Coghill Organizations: REUTERS, Rights, China Central Depository, Asset Management, Garden Holdings, HK, China International Capital Corp, Tianjin Infrastructure Investment Group, AAA, China, Thomson Locations: Shanghai, China, Rights SHANGHAI, SINGAPORE, Hainan, Beijing, Tianjin, Hong Kong, imploding, Singapore

By accepting an International Atomic Energy Agency (IAEA) report last month that greenlit Japan's Fukushima water release, Yoon could encourage fresh dissent that China will try to amplify, analysts say. On Monday, Park Gu-yeon, vice minister of government policy coordination at the prime minister's office, said both sides have made "substantial progress" on the water release issue. A senior South Korean official, speaking on condition of anonymity because of diplomatic sensitivity, said the government did not see it as a source of friction. "China absolutely will try to exploit Fukushima to drive a wedge between South Korea and Japan," said David Boling, a director at consulting firm Eurasia Group. In July, Chinese foreign ministry spokesman Wang Wenbin said Japan had shown selfishness and arrogance, and had not fully consulted the international community about the water release.

Persons: Rafael Mariano Grossi, Kobayakawa, Joe Biden, Yoon Suk Yeol, Fumio Kishida, Biden, David, Yoon, Japan Rahm Emanuel, Moon Jae, Christopher Johnstone, Antony Blinken, they've, David Boling, Joshua Kurlantzick, Wang Wenbin, Hirokazu Matsuno, Tim Kelly, Sakura Murakami, Hyonhee Shin, Josh Smith, David Brunnstrom, Trevor Hunnicutt, Ekaterina Golubkova, Lun Tian, Yoshifumi, Gerry Doyle Organizations: International Atomic Energy Agency, Tokyo Electric Power Co, Japanese, Reuters, U.S, IAEA, Biden's National Security Council, Center for Strategic, International Studies, Japan, South Korean, South, Gallup, Eurasia Group, Council, Foreign Relations, Global Times, Thomson Locations: Futaba, Japan, TOKYO, SEOUL, South Korea, Tokyo, China, Washington, East Asia, Taiwan, Beijing, Russia, North Korea, United States, Australia, Britain, Seoul, Seoul . U.S, Fukushima, Korean

☆ Reaction to China inflation data
▼ + stars: | 2023-08-09 | by ( ) www.reuters.com time to read: +5 min

Below are comments from analysts on the inflation data:XING ZHAOPENG, SENIOR CHINA STRATEGIST, ANZ, SHANGHAI"Both CPI and PPI in year-on-year terms fell into negative territory and confirmed economic deflation. "With destocking and credit expansion, we expect PPI and CPI will rebound from the bottom in the fourth quarter. The CPI deflation may put more pressure on the government to consider additional fiscal stimulus to mitigate the challenge." XIA CHUN, CHIEF ECONOMIST, YINTECH INVESTMENT HOLDINGS, HONG KONG"The lower inflation data reflects weak demand on the mainland, which is biggest challenge facing China's economy. It also shows China's slower-than-expected economic rebound is not strong enough to offer the weaker global demand and lift commodity prices."

Persons: XING ZHAOPENG, CHUAN, FRANCES CHEUNG, Rather, ZHIWEI ZHANG, MARCO SUN, XIA CHUN, GARY NG, Liangping Gao, Ellen Zhang, Winni Zhou, Samuel Shen, Li Gu, Sam Holmes Organizations: ANZ, CPI, PPI, OCBC, SHANGHAI, MUFG BANK, ASIA PACIFIC, Thomson Locations: BEIJING, CHINA, SHANGHAI, China, SINGAPORE, HONG KONG, Japan, Beijing, Shanghai, Hong Kong

☆ China chipmaker Hua Hong posts modest gains in Shanghai debut
▼ + stars: | 2023-08-07 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Aug 7 (Reuters) - Hua Hong Semiconductor, China's second-largest chip foundry, posted modest gains in its Shanghai debut on Monday, reflecting a weak market sentiment and investor caution amid mounting Sino-U.S. chip rivalry. Hua Hong shares opened 13% higher on Shanghai's tech-focused STAR Market, but quickly faltered. The Shanghai Composite Index (.SSEC) was down 0.6%, while Hua Hong's Hong Kong-listed shares declined more than 7%. Randall said the money raised by Hua Hong is not huge in a capital-intensive industry, but shows chipmakers are broadening fundraising channels in addition to government backing. Hua Hong will use most of the proceeds to boost capacity at a facility in Wuxi, in eastern Jiangsu province, according to the company's prospectus.

Persons: Hua, Hua Hong, Joe Biden's, Stewart Randall, Randall, Li Gu, Brenda Goh, Mo Yelin, Muralikumar Anantharaman, Himani Organizations: Hua Hong Semiconductor, Hua Hong, Trump, Washington, Thomson Locations: SHANGHAI, Shanghai, U.S, Hong Kong, Beijing, Washington . U.S, China, Wuxi, Jiangsu

☆ Behind the rise of GU: The Uniqlo offshoot loved by millennials and Gen Z is the latest cool-kid brand
▼ + stars: | 2023-08-07 | by ( Jennifer Ortakales Dawkins | ) www.businessinsider.com time to read: +4 min

The fast-fashion brand targets Gen Z with stylish, affordable clothing. The brand sells basics like T-shirts as well as trendy pieces like cargo pants. GU was created in 2006 as a sister brand to Uniqlo geared toward Gen Z shoppers. GU sells basics as well as trendy pieces for Gen Z and millennials. Much like Uniqlo, GU carries basics like logo-free t-shirts, simple sweaters, minimalist shoes, and dressy-casual pants.

Persons: Julissa Degante, Felix Garcia, Garcia, Degante, Gen, Jennifer Ortakales Dawkins, didn't, Chris, Zers, You'll, Hulu's Organizations: GU, Service, Uniqlo's Broadway, Fast Retailing Locations: Wall, Silicon, Uniqlo's, New York, Soho, Asia, Uniqlo, Malibu

☆ Kyle Anderson: US-born NBA player will represent China at the basketball World Cup
▼ + stars: | 2023-07-24 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +3 min

CNN —US-born basketball player Kyle Anderson will represent China at next month’s FIBA World Cup after obtaining Chinese nationality, the Chinese Basketball Association (CBA) announced on Monday. Anderson is China’s first naturalized basketball player and his addition to the national team roster is considered a huge coup. Really proud and honored to wear the Team China jersey,” he said. While a first in basketball, China has acquired a handful of elite athletes with and without Chinese roots through naturalization. “When I’m in China, I’m Chinese.

Persons: Kyle Anderson, Li Kaier, “, Anderson, Yao Ming, Yao, ”, Eileen Gu, Gu, heptathlete Nina Schultz –, Zheng Ninali Organizations: CNN, FIBA, Chinese Basketball Association, The Minnesota Timberwolves, Weibo, NBA, China, Team USA, China’s, Chinese Super League, Timberwolves Locations: China, I’m, Canada, China’s Beijing, Fairview , New Jersey, Philippines, Japan, Indonesia . China, Serbia

An army official told CNN the private was set to be administratively separated from the US Army. Details about how exactly King ended up on the North Korean side of the border remain unclear. King’s mother, Claudine Gates, told ABC she was “shocked” after being told by the US Army that her son had crossed into North Korea. Travis King, the US soldier who ran across the military demarcation line into North Korea on Tuesday, July 18 Travis King/FacebookThe US has been actively reaching out to North Korea to resolve the situation, but it has not yet heard back, a defense official said Wednesday. South Korean police told CNN that King was transferred to US military police after an investigation into an assault last September.

Persons: hasn’t, Travis King, King, Claudine Gates, ”, Travis, ” Gates, he’d, John Aquilino, Aquilino, King “, we’ve, ” Aquilino, CNN King, Jeon Heon Organizations: Seoul CNN, CNN, US Army, ABC, Pacific Command, Aspen Security, Joint Security, North, Defense Department, Korean, Reuters, King . Locations: Seoul, North Korea, Fort Bliss, South Korea, Mapo, Korea

But while he cleared customs, he did not get on the plane as scheduled on Monday, US officials told CNN. Picture of Travis King, the US soldier who ran across the military demarcation line into North Korea on Tuesday July 18th. She said the administration was working with the government of South Korea, along with Sweden, on the matter. Sweden generally represents US interests in North Korea because the US and North Korea have no diplomatic ties. King’s mother, Claudine Gates, told ABC on Tuesday that she was “shocked” by the fact that King had crossed into North Korea.

Persons: Travis King, Fort, King, “, Sarah Leslie, ” Leslie, Travis T, Karine Jean, Pierre said, ”, King “, we’ve, Adm, John Aquilino, we’re, I’ve, Claudine Gates, Travis, ” Gates, Bryce Dubee Organizations: CNN, Airport, US Forces Korea, Joint Security, Facebook, Panmungak, Joint Security Area, North, Fort Bliss, Security Area, Reuters, Pacific Command, Aspen Security, Court, South, ABC, 6th Squadron, 1st Cavalry Regiment, 1st Brigade Combat, Armored Division, National Defense Service, Korean Defense, Overseas Service Locations: North Korea, Seoul, South Korea, Fort Bliss , Texas, North, North Korean, Fort, Panmunjom, Sweden, Mapo, Fort Bliss

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