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Hong Kong CNN —China’s state security authorities raided multiple offices of international advisory firm Capvision, state media reported Monday, part of a broader crackdown on the consulting industry as Beijing tightens control over what it considers sensitive information related to national security. The consultancy firm, which is headquartered in Shanghai and New York, adds to a growing list of global consulting companies that have been ensnared in Beijing’s widening crackdown on what it perceives as national security risks. In the report, Capvision was singled out as a “leading company” in the industry. According to state security police, he downloaded 5,000 documents from his state-owned company’s internal network. The authorities said he had provided clients with six pieces of information that were classified as state secrets, CCTV said.

☆ China probes Capvision in national security warning to consulting firms
▼ + stars: | 2023-05-09 | by ( ) www.cnbc.com time to read: +2 min

Chinese authorities have carried out an investigation into consulting firm Capvision Partners, state media CCTV reported on Monday. CCTV said that investigations by Chinese national security authorities had found that overseas institutions have used domestic consulting firms to steal state secrets and intelligence on areas key to China. Chinese authorities have carried out an investigation into consulting firm Capvision Partners, state media CCTV reported on Monday, in a warning to other advisory firms as the country tightens its national security laws. CCTV said that investigations by Chinese national security authorities had found that overseas institutions have used domestic consulting firms to steal state secrets and intelligence on areas key to China. CCTV did not say whether authorities levelled any punishment against Capvision but that the national security agency had dealt with the company "in accordance with regulations."

☆ China Raids Offices of Another Global Firm in Espionage Crackdown
▼ + stars: | 2023-05-08 | by ( David Pierson | Daisuke Wakabayashi | ) www.nytimes.com time to read: +1 min

China has targeted another global business consulting firm on national security grounds, launching an investigation of the Shanghai-based Capvision Partners as part of a broader crackdown on the industry, state media reported on Monday night. Officers raided several of the firm’s offices in China, including in Shanghai, Beijing, Suzhou and Shenzhen, state media said, explaining that the company was not “earnestly fulfilling the responsibilities and obligations” of preventing espionage. The investigation is the latest in a recent government crackdown on consulting and advisory firms, whose clients include overseas investors and foreign companies seeking information into Chinese industry. Mintz Group, an American company that specializes in corporate investigations, said in March that Chinese authorities had raided its offices, detained five of its Chinese staff and closed the branch. Last month, Bain & Company, a U.S. consulting firm, said security officials had visited its offices and questioned employees.

☆ Chinese digital currency stocks surge amid new efforts to promote e-CNY
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI/SINGAPORE, April 24 (Reuters) - Chinese digital currency-related stocks jumped on Monday in a weak broader market, amid the latest measures that China is taking to promote the use of its own central bank digital currency (CBDC), the digital yuan. "The development marks the latest trial China is doing to promote its e-CNY," said Dan Wang, chief economist at Hang Seng Bank China, referring to the digital yuan. Shares in Global Infotech Co (300465.SZ) soared 13% by midday, Chutian Dragon Co (003040.SZ) surged 8%, while Newland Digital Technology Co (000997.SZ) and Northking Information Technology Co (002987.SZ) also rose. However, the three people all said they don't find adequate scenarios to spend the digital yuan in their daily life. "I don't know how to use it, to be honest, no merchant around me receives digital yuan," Yang told Reuters, only giving her surname as she is not authorised to speak to the media.

☆ Chinese trapeze artist falls to her death during performance with husband
▼ + stars: | 2023-04-18 | by ( Nectar Gan | ) edition.cnn.com time to read: +3 min

CNN —A Chinese acrobat has fallen to her death during an aerial silks performance, sparking horror and outcry on social media over the lack of safety measures. She was taken to hospital but died of her injuries, the Tongqiao district government said in a statement Monday. How come there are no safety measures?”The acrobat couple are seen performing another set of aerial silks routine before the accident. The show was hosted by a local farm business owner, who contracted the Anhui Yaxi Performing Arts Media Company to run the performance, the statement said. The report added that the female acrobat had been married to her husband for more than a decade and left behind two children.

April 14 (Reuters) - The United States has charged leaders of the Mexico-based Sinaloa Cartel with running a fentanyl trafficking operation fueled by Chinese chemical and pharmaceutical companies, U.S. Attorney General Merrick Garland said on Friday. Federal prosecutors unsealed three separate indictments charging more than two dozen defendants based in Mexico, China and Guatemala, eight of whom are in custody. Among those awaiting extradition is Ovidio Guzman Lopez, one of El Chapo's sons, who was arrested in Mexico earlier this year. Prosecutors also charged four owners of Chinese companies that allegedly provided precursor chemicals to the cartel. "The PRC government must stop the unchecked flow of fentanyl precursor chemicals that are coming out of China," he said, referring to the People's Republic of China.

☆ U.S. imposes sanctions on Chinese companies in action over fentanyl
▼ + stars: | 2023-04-14 | by ( ) www.reuters.com time to read: +2 min

The Treasury said it also designated five people based in China and Guatemala in the action targeting fentanyl production. "Illicit fentanyl is responsible for the deaths of tens of thousands of Americans each year," the Treasury's under secretary for terrorism and financial intelligence, Brian Nelson, said in the statement. The Treasury in the statement said it slapped sanctions on China-based chemical companies Wuhan Shuokang Biological Technology Co Ltd and Suzhou Xiaoli Pharmatech Co Ltd, as well as four Chinese nationals. Also targeted was a Guatemala-based broker of fentanyl precursor chemicals, who the Treasury said buys fentanyl precursor on behalf of Mexico-based drug traffickers. Mexico and the United States on Thursday agreed to ramp up the fight against fentanyl trafficking.

☆ Chinese companies and tycoons rush to calm investors after SVB collapse causes anxiety
▼ + stars: | 2023-03-13 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —The collapse of Silicon Valley Bank (SVB), which courted Chinese start-ups, has caused widespread concern in China, where a string of founders and companies rushed to appease investors by saying their exposure was insignificant or nonexistent. “As China’s first technology bank, SPD Silicon Valley Bank is committed to serving Chinese science and technology companies, and has always had sound operations in accordance with Chinese laws and regulations.”It’s unclear what will happen to SVB’s ownership of the joint venture. BeiGene, one of China’s largest cancer-focused drug companies, said Monday it had more than $175 million uninsured cash deposits at SVB, which represents approximately 3.9% of its cash, cash equivalents and short-term investments. Zai Lab, a pharmaceutical firm, announced that its cash deposits at SVB were “immaterial” at about $23 million. “We never opened an account with Silicon Valley Bank, nor placed a deposit,” he said late Sunday on his Weibo account.

☆ Exclusive: Tesla taps Asian partners to address 4680 battery concerns
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +7 min

Details about Tesla's Cybertruck battery strategy, including use of 4680 cells and consideration of other options, have not been reported. The Tesla-designed 4680 cell - so named for its external dimensions (46mm diameter, 80mm length) - is crucial to future production plans. Last year, LG said it planned to open a new 4680 production line at its Ochang plant in Korea in the second half of 2023. Tesla also has been installing first-generation 4680 cells with "wet" cathodes in so-called structural packs in Texas-built Model Ys. Tesla plans to use a cathode with more than 90% nickel in the next generation of 4680 cells, two sources said.

Analysts estimate that nearly $700 billion of mortgages – close to one-eighth China's outstanding total – have been prepaid since early last year, when banks started to lower borrowing rates. This threatens banks' profits on mortgages, which accounted for about 30% of outstanding loans at China's five biggest banks as of last June, according to their latest financial reports. The current disinterest in new home purchases contrasts sharply with the overheated property market of prior years, when authorities kept mortgage rates high to cool speculation. Towards the middle of last year, however, regulators began lowering benchmark mortgage rates to prop up property demand, after a liquidity crisis among developers sent home prices and sales into a downward spiral. "I decided to do so because I'm burdened with a mortgage rate that's too high," Wang said.

☆ Chinese savers stashed away $2.6 trillion last year but property crash will cool ‘revenge spending’
▼ + stars: | 2023-02-07 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Burberry (BBRYF) said last month that it’s seeing “very promising” signs in China, according to Reuters. Since real estate accounts for 70% of household wealth in China, “revenge spending” will be limited, analysts said. They expect household consumption growth to rebound to 9.5% in 2023 from about 3% in 2022, fueling annual GDP growth of more than 5%. Morgan Stanley analysts expect to see some “revenge spending” mostly from household with stable incomes. They’re expecting household consumption growth to rebound to 8.5% in 2023, contributing to full-year economic growth of 5.7%.

☆ Optimism on Chinese stocks soars to five-year highs
▼ + stars: | 2023-02-06 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Active foreign fund managers put $1.39 billion into mainland Chinese stocks in the four weeks ended Jan. 25, EPFR data showed. Active money managers are more involved with picking portfolio investments, while passive money managers tend to follow stock indexes. At the time, a few institutional investors had said it was time to buy Chinese stocks due to Beijing's emphasis on stability in a politically important year. He said inflows were also less aggressive when it came to U.S.-listed Chinese stocks. Pinduoduo , Baidu and Bilibili were among the U.S.-listed Chinese stocks that saw the largest inflows, the report showed.

☆ China's Shenghong Holdings to invest $4.5 bln in energy battery factory, research unit
▼ + stars: | 2023-01-31 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Jan 31 (Reuters) - China's Shenghong Holdings Group signed a contract on Tuesday to invest 30.6 billion yuan ($4.5 billion) in an energy storage battery gigafactory and a new energy battery research facility in the eastern city of Zhangjiagang. The Suzhou city government announced the pact on its official social media account, adding that the completed project was expected to generate 56 billion yuan in annual revenue. ($1=6.7536 Chinese yuan renminbi)Reporting by Beijing newsroom; Editing by Clarence FernandezOur Standards: The Thomson Reuters Trust Principles.

☆ Bosch to invest a billion dollars on EV parts centre in Suzhou, China
▼ + stars: | 2023-01-13 | by ( Diksha Madhok | ) edition.cnn.com time to read: +1 min

New Delhi CNN —Bosch, the German engineering and technology company, is planning to invest $1 billion to make components for new energy vehicles in China, the world’s largest car market. The company plans to build a research, development and manufacturing facility for parts for new energy vehicles and automated-driving technology in Suzhou, a city in the country’s east, Bosch said in a statement on Thursday. It plans to invest around $1 billion in the project over the next years, the statement added. “China is the world’s largest auto market, full of promise and vitality. Bosch has had a presence in China since 1909 and employs around 55,000 people in the country.

☆ Luxshare says client cooperation normal after Apple production cut report
▼ + stars: | 2023-01-05 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Jan 5 (Reuters) - China's Luxshare Precision Industry Co Ltd (002475.SZ) said on Thursday its cooperation with current clients was normal, in response to a media report that iPhone maker Apple Inc (AAPL.O) had asked suppliers to cut production. The electronics manufacturer said it wanted to clarify a recent report from a Taiwanese media outlet which said that Luxshare had suffered the biggest impact from the Apple request. "There are no special changes or impact to the relevant business of the company mentioned in the report," Luxshare said in its statement. A separate report by the Financial Times on Thursday said Apple is set to sign an order with Luxshare to produce premium iPhone models. Apple and Luxshare did not immediately respond to requests for comment.

☆ Zimbabwe bans raw lithium exports to curb artisanal mining
▼ + stars: | 2022-12-21 | by ( ) www.reuters.com time to read: +1 min

The southern African country holds some of the world's largest reserves of hard rock lithium, a vital mineral in the production of clean energy technologies. London-listed Premier African Minerals (PREM.L) says it will start shipping spodumene concentrate from its Zimbabwe lithium mine to China from March 2023, after signing an offtake deal with Suzhou TA&A Ultra Clean Technology Co (300390.SZ). "No lithium bearing ores, or unbeneficiated lithium whatsoever, shall be exported from Zimbabwe to another country," read the regulation published in a government notice issued by Mines Minister Winston Chitando. The notice said the ban does not apply to the export of lithium concentrates, which all the major lithium miners in the country plan to produce. Mnangagwa said the raw lithium was being exported through neighbouring countries.

☆ China challenges US chip curbs at WTO, citing ‘trade protectionism’
▼ + stars: | 2022-12-13 | by ( Laura He | ) edition.cnn.com time to read: +4 min

On October 7, the Biden administration unveiled a sweeping set of export controls that ban Chinese companies from buying advanced chips and chip-making equipment without a license. The commerce ministry blasted the US move as threatening global supply chain stability and called it “a typical practice of trade protectionism.” The complaint is the first action China has taken at the global trade body against the US chip sanctions. It also comes as the United States is looking to bolster its domestic chip manufacturing abilities, after chip shortages earlier in the pandemic highlighted the country’s dependence on imports from abroad. He called for both countries to boost cooperation in high-tech manufacturing and avoid “the politicization of economic and trade issues.”Chips are a growing source of tension between the United States and China. Before the October sanctions, the US government had already banned sales of certain tech products to specific Chinese companies, such as Huawei.

☆ China COVID infection fears fuel medical stock bets
▼ + stars: | 2022-12-12 | by ( ) www.reuters.com time to read: +3 min

China's healthcare index (.CSIHC) gained almost 1% on Monday morning, despite a 0.8% drop in the benchmark CSI300 Index (.CSI300). Hu Qiang, fund manager at Yunchuang Investment, said demand for antigen testing had just taken off. Listed medical firms are also busy fielding investors' queries about how they are preparing for a potential worsening COVID situation. Lepu Medical Technology (300003.SZ), which produces cardiovascular and diagnosis devices, told investors it would adjust production plans to meet market demand for COVID testing. Easy Diagnosis said on an investor relations platform that it was able to ramp up production quickly, as cancellation of nucleic acid testing in many places would boost demand for antigen testing at home.

☆ Chinese consumers wary of splurging after Beijing relaxes COVID strictures
▼ + stars: | 2022-12-11 | by ( Casey Hall | ) www.reuters.com time to read: +5 min

"On the other hand, we don't know who is safe, we don't know who has the coronavirus. "Moving from isolation facility quarantine to home quarantine will not increase retail sales significantly," said Iris Pang, chief economist for greater China at ING. A spa at a mall in downtown Beijing that resumed business on Friday said most staff had returned but customers were far fewer. Luca Solca, a luxury analyst with Bernstein, said the end of the curbs was good news for the luxury industry, heavily dependent on Chinese spending. "My base-case scenario is that the softening should prompt Chinese consumers to go back to enjoying life and spending money – benefiting, among others, top luxury brands," he said.

Register now for FREE unlimited access to Reuters.com RegisterA promoted tweet on China's Suzhou city is displayed on a mobile phone near a Twitter logo, in this illustration picture taken September 8, 2022. The company will also open an application process to allow more people working in academia, civil society and journalism to join the Twitter Moderation Research Consortium, a group that Twitter formed in pilot mode earlier this year and has access to the datasets. Twitter has already shared datasets with researchers about coordinated efforts backed by foreign governments to manipulate information on Twitter. The company said it now plans to share information about other content moderation areas, such as tweets that have been labeled as potentially misleading. Register now for FREE unlimited access to Reuters.com RegisterReporting by Sheila Dang and Katie Paul; editing by Jonathan OatisOur Standards: The Thomson Reuters Trust Principles.

Vânturi puternice au măturat vineri seara metropola Wuhan, din centrul ţării, de unde a pornit epidemia de Covid-19. Rafalele de vânt au fost atât de puternice încât două macarale au fost avariate, una dintre ele prăbuşindu-se pe un şantier şi provocând pagube materiale semnificative. Peste 26.000 de locuinţe au rămas fără energie electrică şi circa 30 de case s-au prăbuşit, potrivit autorităţilor din Hubei. Oraşul Suzhou, de lângă Shanghai, a fost şi el lovit vineri seară de o tornadă puternică, însoţită de vânturi de peste 200 de kilometri/oră, au indicat autorităţile locale. La începutul lunii mai, o furtună violentă însoţită de vânturi puternice a ucis 11 persoane într-un oraş de lângă Shanghai.

Persons: Furtuna Locations: Wuhan, Hubei, Shanghai

☆ VIDEO: China, lovită de două tornade violente; Cel puțin 10 morți și sute de răniți
▼ + stars: | 2021-05-15 | by ( ) www.jurnal.md time to read: +1 min

Sursa foto: xinhuanet.comVIDEO: China, lovită de două tornade violente; Cel puțin 10 morți și sute de rănițiO nouă catastrofă a lovit China în cursul zilei de vineri. Tornadele au ucis cel puțin 10 persoane în centrul și în estul țării și au rănit alte peste 300 de oameni. Șase persoane au murit în orașul Wuhan și alte patru în orașul Shengze, la aproximativ 400 de kilometri est de provincia Jiangsu, au declarat autoritățile locale. Mai multe clădiri au fost distruse iar instalațiile de electricitate au fost avariate, scrie Mediafax. Autoritățile au anunțat și aici șase persoane decedate și alte 218 rănite.

Persons: Tornadele, Furtuna Organizations: Mediafax Locations: China, Wuhan, Shengze, Jiangsu, Suzhou, Shanghai

☆ Caz cutremurător în China! O femeie a aflat la nunta fiului său că nora este fiica ei pierdută. Ce a urmat
▼ + stars: | 2021-04-07 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

O femeie din China a aflat în ziua nunții fiului său că proaspăta sa noră e chiar fiica ei, pe care o pierduse cu ani în urmă. Și-a dat seama de acest lucru după un semn din naștere de pe mâna miresei. Când a văzut semnul de pe mâna miresei, ea i-a întrebat pe părinții ei dacă aceasta a fost adoptată. Femeia și fiica sa pierdută s-au îmbrățișat plângând apoi. Femeia a decis să îl adopte pe băiat după ce-și pierduse speranțele că-și va mai regăsi fata pierdută vreodată.

Persons: . Organizations: New, New York Post Locations: China, chineză, New York

☆ Victorie pentru Jiangsu Suning. Echipa antrenată de românul Cosmin Olăroiu, a cucerit titlul în China
▼ + stars: | 2020-11-12 | by ( Publika.Md - Aici Sunt Știrile | ) www.publika.md time to read: +1 min

Jiangsu Suning, echipa antrenată de românul Cosmin Olăroiu, a cucerit titlul în China. Formația sa a câștigat cu 2-1 la general finala cu campioana en-titre Guangzhou Evergrande, pregătită de fostul internațional italian Fabio Cannavaro. Gruparea lui Olăroiu a deschis scorul prin Eder, care a înscris chiar din lovitura libera acordată. Jiangu Suning a câștigat pentru prima dată titlul de campioană în Superliga chineză. Tehnicianul român Cosmin Olăroiu și-a trecut un nou trofeu în palmares, după ce a mai cucerit titlul în România, Arabia Saudită și Emiratele Arabe Unite.

Persons: Jiangsu, Cosmin Olăroiu, Fabio Cannavaro, Ospeții, Olăroiu, brazilianul Alex Teixeira, Cannavaro, Jiangu Locations: China, -, Guangzhou, Suzhou, Eder, Shibizao, Superliga chineză, România, Arabia Saudită, Emiratele Arabe Unite

☆ (foto) Cele mai bizare clădiri din lume, care se construiesc acum
▼ + stars: | 2015-09-16 | by ( Onixmedia Srl | ) diez.md time to read: +4 min

Această clădire a fost planificată în Kuweit, stat situat în Peninsula Arabică. Royal TowerTurnul Regal, care depășește cea mai înaltă clădire din lume, „Burj Khalifa”, se construiește în Arabia Saudită și va fi prima clădire din lume a cărei înălțime se apropie de un kilometru. Aceasta va găzdui condominii de lux, spații pentru birouri, observatorii astronomice, hotel Four Seasons și cea mai înaltă terasă din lume. Shanghai TowerConstrucția Turnului Shangai din China, cu 121 etaje, a început în 1993 și a fost încheiată la începutul anului 2015, iar acum au loc lucrările de finisaj. World OneZgârie-norul cu 117 etaje va deveni cea mai înaltă casă de locuit din lume și, desigur, cea mai înaltă clădire din Mumbai.

Persons: Giorgio Armani, Abdullah, James Bond, Lotte, Veronica Organizations: Royal, Regal, Mall, Agora Garden, Lotte World Tower Locations: Kuweit, Peninsula Arabică, Arabia Saudită, Shanghai, China, rusă, Dubai, Mumbai, Indiei, Seul

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