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☆ Bank of Korea will probably cut rates next year, says Standard Chartered Bank Korea
▼ + stars: | 2023-08-24 | 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 EmailBank of Korea will probably cut rates next year, says Standard Chartered Bank KoreaPark Chong Hoon, head of Korea economic research at Standard Chartered Bank Korea, says he expects the country's central bank will be more hawkish in light of rising household debt, among other factors.

Persons: Chong Hoon Organizations: Email Bank, Standard Chartered Bank Korea Locations: Korea

☆ The GPT college classroom is almost here, but professors say AI isn't the real threat
▼ + stars: | 2023-08-23 | by ( Kai Xiang Teo | ) www.businessinsider.com time to read: +7 min

But some educators say the real threat isn't AI, but a "lagging and outdated approach to education." Rebecca Tan, a political science lecturer at the National University of Singapore, told Insider AI detection tools can be "notoriously inaccurate." Instead of relying on AI detection tools, educators need to get innovative as AI tools become ubiquitous — through ideas like having students submit the introductions to their essays first, Tan said. AdvertisementAdvertisementJonas said the key is to embrace AI tools in the classroom and teach students how to fact-check ChatGPT's responses. The real threat to education isn't AI, it's boring lessonsWhen asked about threats to education, Nanyang Technological University's Ang said: "AI tools are not the threat — a lagging and outdated approach to education is."

Persons: Madison White, Ian Chong, Rebecca Tan, OpenAI, Tan, Chong, Michael Rivera, Shannon Ang, Kai Jonas, Jonas, We've, Joana Cook, Ang, National University of Singapore's Tan, Hong Kong University's Rivera Organizations: Stetson University, Wall Street, National University of Singapore, Schools, Hong, Singapore's Nanyang Technological University, shouldn't, Maastricht University, Leiden University, Johns Hopkins University, Nanyang Technological, National University of Singapore's Locations: Florida, Singapore, Netherlands, Hong Kong, United States, Nanyang, Hong

☆ Analysis-Lithium buyers eye cheaper early-stage deals in Australia
▼ + stars: | 2023-08-22 | by ( Melanie Burton | Scott Murdoch | ) www.reuters.com time to read: +6 min

So I think there’s going to be some opportunistic acquisitions.”There is already evidence of frenzied deal activity involving pre-producing companies. Develop Global, a base metals explorer backed by diversified miner Mineral Resources, last month proposed to acquire lithium developer Essential Metals for A$152.6 million ($97.98 million). “Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, ”, Kaan, “, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan’s Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, ” Dale Henderson Organizations: MELBOURNE, REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, ”, Rio Tinto, Patriot Metals, Canada, Reuters Locations: Albemarle Chile, Chile, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Rio, Canada, Quebec

[1/2] A general view shows the brine pools of Albemarle Chile lithium plant placed on the Atacama salt flat, Chile, May 4, 2023. "It seems like the cheapest way to get lithium units is via the drill bit," said analyst Kaan Peker of RBC in Sydney. "Even though battery chemistry is evolving and impacting certain metals, lithium is a mainstay and the demand story remains robust. The battery metals landscape, and lithium in particular, looks poised for further M&A activity,” said Gavi Friedland, head of metals and mining at Goldman Sachs in Australia & New Zealand. Mineral Resources is deciding whether to build an Australian lithium battery chemical plant, while Albemarle is expanding production at its Kemerton hydroxide plant and SQM is also building a lithium hydroxide plant.

Persons: Ivan Alvarado, acquirers, Kaan, ”, Gavi Friedland, Goldman Sachs, Guy Alexander, Buyers, Japan's Idemitsu, Delta, Tony Chong, Squire Patton Boggs, Jakob Stausholm, Stausholm, Dale Henderson, Melanie Burton, Veronica Brown Organizations: REUTERS, Chile, Albemarle Corp, RBC, Develop, Mineral Resources, Metals, Minerals, Liontown Resources, Climate Capital, Consultancy, EV, Goldman, New Zealand, Resources, Tinto, Patriot Metals, Canada, Reuters, Thomson Locations: Albemarle Chile, Chile, MELBOURNE, Australia, Sydney, Andover, Albemarle, Perth, China, U.S, Canada, Quebec

Conservative Party Leadership candidate Michael Chong, addresses crowd at the Conservative Party of Canada's final televised debate in Toronto, Ontario, April 26, 2017. REUTERS/Fred Thornhill/File PhotoAug 9 (Reuters) - Canada said on Wednesday that an opposition Canadian legislator with family in Hong Kong had been targeted in an online disinformation operation and said China most likely played a role. In a statement, the Canadian foreign ministry said the target was Michael Chong, a member of the opposition Conservative party, a frequent critic of China who has drawn Beijing's ire. "While China's role in the information operation is highly probable, unequivocal proof that China ordered and directed the operation is not possible to determine," the statement said. The Globe and Mail newspaper, citing an intelligence report, said in May that China sought information about Chong and his family in China in a likely effort to "make an example" of him.

Persons: Michael Chong, Fred Thornhill, Chong, Kanishka Singh, David Ljunggren, Mark Porter, Matthew Lewis, Andy Sullivan, David Gregorio Our Organizations: Conservative, Conservative Party, REUTERS, Ottawa, Beijing, Globe, Mail, Canadian, Thomson Locations: Toronto , Ontario, Canada, Hong Kong, China, Canada's, Beijing, Washington, Ottawa

☆ China's foreign minister has been removed from his post one month after disappearing from the public eye. Experts say we may never know why.
▼ + stars: | 2023-07-26 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

Eurasia Group's Jeremy Chan told Insider that "so much remains unknown about Qin's case." As of press time, references to Qin had been removed from the foreign ministry's website. China's foreign ministry did not immediately respond to a request for comment from Insider. Because of the opacity of the Chinese government, few people will ever know what led to Qin's abrupt departure, experts say. Chong Ja Ian, an associate professor at the National University of Singapore, told Insider that the lack of clarity "is part of the opacity and uncertainty" in China.

Persons: Qin Gang, Jeremy Chan, Qin, Wang Yi, Wang, Chong Ja Ian, Chong, Dylan Loh, Loh, Wang Wenbin, Wang's, Fu Xiaotian, Fu Organizations: Eurasia, Service, Qin, Eurasia Group, National University of Singapore, Nanyang Technological University, Twitter Locations: Wall, Silicon, China's, China, Beijing, Russia, Vietnam, Sri Lanka, Indonesia, Chinese, South China

☆ Why Cheech & Chong Ads Are Flooding Twitter
▼ + stars: | 2023-07-25 | by ( Joseph De Avila | Sarah E. Needleman | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ China and the US are talking -- but can they work together?
▼ + stars: | 2023-07-23 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +9 min

Beijing views Washington as bent on suppressing its development and global rise, while Washington has proclaimed the need to protect its national security and the world order from an increasingly authoritarian and assertive China. Washington last year imposed sweeping curbs on exports of critical technology to China in the name of security, and Beijing has responded with export controls of its own. China has refused US overtures to restore those ties, apparently until Washington removes sanctions against its defense minister Li Shangfu. US climate envoy John Kerry during a meeting with top Chinese diplomat Wang Yi in the Great Hall of the People on July 18, 2023 in Beijing, China. But all this doesn’t mean there’s no room to work together, according to Shanghai-based international relations scholar Shen Dingli.

Persons: Nancy Pelosi, Xi Jinping, Joe Biden, Antony Blinken, Janet Yellen, John Kerry, Li Qiang, Wang Yi, –, ”, Chong Ja Ian, “, Suisheng Zhao, Kerry, Wang, ” Yellen, Li, Li Shangfu, Shi Yinhong, Florence Lo, Shen Dingli, ” Shen, Shen, Blinken, ” Blinken, Xi, Qin Gang, Yun Sun, Chong Organizations: Hong Kong CNN, Washington, US, Treasury, National University of Singapore, US Air Force, Air Force, South Carolina . U.S . Air Force, Department of Defense, Reuters, Center for, Cooperation, University of Denver, China’s Communist Party, Renmin University, of, CNN, ”, Economic Cooperation, Foreign, China Program, Stimson, “ Locations: Hong Kong, Beijing, Ukraine, United States, China, Taiwan, Bali, —, South Carolina . U.S, Washington, Center for China, South, Shanghai, Asia, Singapore

☆ '4chan for economists' is melting down as racist, sexist anonymous posts are linked to Harvard, Yale, and other top institutions
▼ + stars: | 2023-07-21 | by ( Kate Taylor | ) www.businessinsider.com time to read: +12 min

A new study links anonymous posts on "4chan for economists" to IP addresses at Harvard, Yale, and other top schools. Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Other snippets of posts with IP addresses at Harvard, Stanford, Yale, University of Chicago, and the National Bureau of Economic Research headquarters include: "Rapefugees Welcome!!!!! Notre Dame IP addresses made up 3.4% of posts from a research-institution IP address. According to Ederer, it took just 15 minutes to figure out how to connect usernames with IP addresses.

Persons: Anya Samek, Samek, EJMR, Boston University's Florian Ederer, Yale's Paul Goldsmith, Pinkham, Kyle Jensen, Ederer, Christina Romer, Scott Cunningham, Rob Seamans, Merkel, bubba, Trevon Logan, that's, She's Organizations: Harvard, Yale, North American Economic Science Association Conference, University of Chicago, undergrad, National Bureau of Economic Research, American Economics Association, Baylor, Marvel, Stanford, University of Notre Dame, Columbia, Notre Dame, Ohio State University, UMass Amherst, University of California Locations: Tucson , Arizona, Cambridge , Massachusetts, Ederer, Erdogan's Turkey, troon, Samek, San Diego

☆ Singapore opposition members quit in latest political shake-up
▼ + stars: | 2023-07-19 | by ( ) www.reuters.com time to read: +2 min

[1/5] Workers' Party Chairman Sylvia Lim and Secretary-General Pritam Singh attend a press conference at their headquarters in Singapore, July 19, 2023. REUTERS/Edgar SuSINGAPORE, July 19 (Reuters) - Two senior members of Singapore's largest opposition party quit on Wednesday after admitting to an inappropriate relationship, the latest scandal to hit a country otherwise used to stable and drama-free politics. Seah had also denied the relationship when asked by party leaders at that time, Singh said, adding the pair's behaviour was "unacceptable". Both the WP and the PAP have in the past sacked members for extramarital relationships. Reporting by Chen Lin, Writing by Xinghui Kok, Editing by Kanupriya KapoorOur Standards: The Thomson Reuters Trust Principles.

Persons: Sylvia Lim, Pritam Singh, Edgar Su SINGAPORE, Leon Perera, Nicole Seah, Singh, Perera, Seah, Chong Ja Ian, Chen Lin, Xinghui Kok, Kanupriya Kapoor Organizations: Workers ', REUTERS, Workers ' Party, Action Party, National University of Singapore, Thomson Locations: Singapore

[1/2] Supporters of the ruling People's Action Party (PAP) wait for their candidates at a nomination center ahead of the general elections in Singapore September 1, 2015. Analysts said the events may not bode well for the PAP, which has ruled Singapore uninterrupted since 1959. "These events appear to have created some public speculation about the PAP's approach to privilege, restraint, and authority," said National University of Singapore political scientist Chong Ja Ian. Prime minister-in-waiting Lawrence Wong said the government would be forthcoming about the corruption case - even if the information was damaging or embarrassing. But political scientist Walid Jumblatt Abdullah at Nanyang Technological University said Lee had enough political goodwill to ride this out.

Persons: Edgar Su, bode, Lee Hsien, Singapore's, Lee Kuan Yew, Chong Ja Ian, Lee, Lawrence Wong, Iswaran, Chong, Lee's, Walid Jumblatt Abdullah, Gillian Koh, Walid, Wong, Xinghui Kok, Robert Birsel Organizations: Action Party, REUTERS, National University of Singapore, Transport, Nanyang Technological University, Institute of Policy, Thomson Locations: Singapore, SINGAPORE

SINGAPORE, July 17 (Reuters) - Two senior lawmakers from Singapore's ruling party have resigned over their "inappropriate relationship", Prime Minister Lee Hsien Loong said on Monday, the latest high-profile scandal in a city-state otherwise known for its political stability. Resignations of senior PAP members are rare in Singapore, where the party has been in power since 1959, before the country's independence in 1965. Separately, the opposition Workers' Party (WP) said on Monday it was looking into an "inappropriate exchange" between two of its senior members after a video surfaced online that appeared to show them holding hands in a restaurant. Events like these are unusual in Singapore, which prides itself on being corruption-free and holding politicians to high moral standards. Political scientist Chong Ja Ian at the National University of Singapore said Monday's developments were "relatively controllable issues" that would not affect Singapore's political stability.

Persons: Lee Hsien Loong, Lee, Tan Chuan, Jin, Cheng Li Hui, Cheng, Ong Beng Seng, Chong Ja Ian, Chong, Chen Lin, Martin Petty, Kanupriya Kapoor Organizations: Action Party, Workers ' Party, WP, National University of Singapore, Thomson Locations: SINGAPORE, Singapore

“They all have incentives to play things down and make it all look normal,” said Ian Chong, an associate professor of political science at the National University of Singapore. While Mr. Putin was able to defuse the crisis by agreeing to allow mercenary leader, Yegveny V. Prigozhin, to leave for Belarus, the brief insurrection raised questions about his authority and future. Speaking at his first international forum since the mutiny, Mr. Putin thanked the member states for their backing after the uprising, which he claimed had no popular support in Russia. “United by the deep responsibility for the fate of the motherland, Russian political circles and all of society showed a united front against the attempted armed mutiny,” Mr. Putin said. He also sought to cast the summit as a sign of international support for his invasion of Ukraine.

Persons: ”, Ian Chong, Putin, Wagner, Yegveny, Mr Organizations: National University of Singapore, “, U.S Locations: Belarus, Russia, Ukraine

☆ Asia must reach net zero before the world can do so, says Petronas CEO
▼ + stars: | 2023-06-28 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +2 min

Petronas sign against the backdrop of the Twin Towers. Goh Seng Chong | Bloomberg | Getty ImagesAsia needs to achieve net zero before the world can do so, according to the CEO of Malaysia's state-owned oil and gas company Petronas. "The bulk of the emissions [that] are expected to emit will be produced in Asia going forward," Tengku Muhammad Taufik told CNBC's JP Ong Tuesday on the sidelines of the Energy Asia in Kuala Lumpur, Malaysia. "The world cannot achieve net zero without Asia achieving net zero," Taufik pointed out during the opening address of summit. Asia will represent half of global GDP by 2040, as well as 40% of global consumption, he added.

Persons: Goh Seng Chong, Tengku Muhammad Taufik, CNBC's JP Ong, Taufik, idealists Organizations: Petronas, Bloomberg, Getty, Energy, International Energy Agency Locations: Asia, Malaysia's, Energy Asia, Kuala Lumpur, Malaysia, Paris

☆ ST Engineering's CEO says it is on track to hit its 2026 revenue target
▼ + stars: | 2023-06-19 | 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 EmailST Engineering's CEO says it is on track to hit its 2026 revenue targetST Engineering's Group President and CEO, Vincent Chong, shares with CNBC's Christine Tan the plans to grow in new business areas.

Persons: Vincent Chong, CNBC's Christine Tan Organizations: Engineering's Group

☆ ST Engineering's CEO says its MRO business is in a 'sweet spot'
▼ + stars: | 2023-06-19 | 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 EmailST Engineering's CEO says its MRO business is in a 'sweet spot'CNBC's Christine Tan tours one of ST Engineering's hangars in Singapore and finds out from Group President and CEO, Vincent Chong, why the company's maintenance, repair, and overhaul business is growing.

Persons: Christine Tan, Vincent Chong Locations: Singapore

☆ Dollar dips ahead of US inflation data, central bank meetings
▼ + stars: | 2023-06-13 | by ( Rae Wee | ) www.reuters.com time to read: +3 min

Those expectations kept risk sentiment buoyant, pinning the U.S. dollar near multi-week lows against the risk-sensitive Australia and New Zealand dollars. The euro gained 0.04% to $1.0760, with traders also focused on Thursday's interest rate decision from the European Central Bank, following its policy meeting. The U.S. dollar index edged marginally higher to 103.59, after falling to 103.24 on Monday, its lowest since May 23. "The central bank will likely continue to send a dovish message or one of no intention of policy change until it changes direction." In Asia, China's central bank cut its seven-day reverse repo rate by 10 basis points to 1.90% from 2.00% on Tuesday, sending the yuan falling in the offshore market .

Persons: Joseph Capurso, Jane Foley, Chong, Rae Wee, Edmund Klamann Organizations: Federal Reserve, U.S, Labor Department's CPI, Commonwealth Bank of Australia, Bank of England, European Central Bank, ECB, Rabobank, Bank of Japan, Standard Chartered Bank Korea, Thomson Locations: SINGAPORE, Australia, New Zealand, Korea, Japan, Asia

☆ Dollar dips ahead of U.S. inflation data, central bank meetings
▼ + stars: | 2023-06-13 | by ( ) www.cnbc.com time to read: +3 min

Persons: Joseph Capurso, Jane Foley, Chong Organizations: Federal Reserve, U.S, Labor Department's CPI, Commonwealth Bank of Australia, Bank of England, European Central Bank, ECB, Rabobank, Bank of Japan, Standard Chartered Bank Korea Locations: Australia, New Zealand, Korea, Japan, Asia

REUTERS/Tyrone SiuHONG KONG, June 5 (Reuters) - The United Nations said on Monday it was "alarmed" by detentions in Hong Kong linked to the 34th anniversary of the Tiananmen Square crackdown, while China said the financial hub was moving from "chaos" to prosperity. China's Foreign Ministry said in a statement late on Sunday that "today's Hong Kong is moving from chaos to stability and prosperity along the right track of "one country, two systems". "External forces" including the United States should uphold international law and stop "futile political manipulation" over Hong Kong to contain China, a ministry spokesperson said. The Canadian consulate said on its Facebook that it joined the people of Hong Kong and others around the world in "remembering the violent crackdown against unarmed and peaceful citizens" on June 4, 1989. Hong Kong public broadcaster RTHK said that all 23 people detained on Sunday for breaching peace and public order offences were not arrested and were later released.

Persons: Chong Mui, Tyrone Siu, Farah, Stephen Coates Organizations: Police, REUTERS, United Nations, Hong Kong, Human, Twitter, United States Consulate, RTHK, Thomson Locations: Hong Kong, China, Tyrone Siu HONG KONG, Hong, Beijing, United States, Taipei, London , New York, Berlin, Victoria Park, Canadian, Canada

SINGAPORE, June 4 (Reuters) - Chinese Defence Minister Li Shangfu told Asia's top security summit on Sunday that conflict with the United States would be an "unbearable disaster" but that his country sought dialogue over confrontation. "It is undeniable that a severe conflict or confrontation between China and the U.S. will be an unbearable disaster for the world." China's military criticised the United States and Canada for "deliberately provoking risk" after their warships staged a rare joint sailing through the sensitive strait. Canadian defence minister Anita Anand said that Canada would continue to sail where international law allows, including the Strait, and that "actors in this region must engage responsibly”. In his speech, Li said China would not allow such freedom-of-navigation patrols by the United States and its allies to be "a pretext to exercise hegemony of navigation."

Persons: Li Shangfu, Li, Joe Biden's, Anita Anand, Richard Marles, Defense Lloyd Austin, Austin, Cui Tiankai, Chong Ja Ian, ”, Chen Lin, Greg Torode, Xinghui, Ben Blanchard, Kanupriya Kapoor, Gerry Doyle, Raju Gopalakrishnan Organizations: Chinese Defence, U.S, National Defence, People's Liberation Army, U.S . Navy, Pacific Command, Defense, Reuters, National University of Singapore, Thomson Locations: SINGAPORE, United States, Singapore, China, U.S, Washington, Beijing, Taiwan, South, Chinese, Taiwan Straits, Canada, Britain ., Russia, Xinghui Kok, Taipei

REUTERS/Ann WangTAIPEI, June 3 (Reuters) - A Taiwan theatre is showcasing a Hong Kong play about Tiananmen Square to mark the 34th anniversary of the crackdown in Beijing, saying almost as much about shrinking freedoms in the former British colony as it does about the 1989 bloodshed. The play is about parents grieving for their son killed in Tiananmen Square. The theatre group that staged it, Stage 64, disbanded in 2021, citing pressure under the national security law. An alliance of Hong Kong activists that used to organise the annual Tiananmen vigil was disbanded after the arrest of several of its leaders in 2021. Some actors will use stage names and two Hong Kong actors will wear masks.

Persons: Hong, Ann Wang, It's, it's, Chung, Candace Chong, Chiu, Ming, Angie Teo, Jessie Pang, Fabian Hamacher, Robert Birsel Organizations: REUTERS, Amnesty, Hong, Amnesty International, Thomson Locations: Taipei, Taiwan, Ann Wang TAIPEI, Hong Kong, Beijing, Tiananmen, London , New York, Berlin, China, Amnesty International Taiwan, Britain

SINGAPORE, June 1 (Reuters) - Tensions between the United States and China are expected to loom over Asia's top security meeting this week, as China has declined a bilateral meeting between the superpowers' defence chiefs. The Shangri-La Dialogue, which attracts top defence officials, senior military officers, diplomats, weapons makers and security analysts from around the globe, will take place June 2-4 in Singapore. More than 600 delegates from 49 countries will attend the meeting, which opens with a keynote address by Australian Prime Minister Anthony Albanese. China's new Defence Minister Li Shangfu, however, has declined to meet U.S. Defence Secretary Lloyd Austin, the Pentagon said on Monday. Other key issues that are likely to be discussed include ongoing tensions in the disputed South China Sea and East China Seas.

Persons: Anthony Albanese, Li Shangfu, Lloyd Austin, General Li, Li, Xi Jinping, Zhang Youxia, Drew Thompson, Lee, Thompson, Chong Ja Ian, Lynn Kuok, Kuok, Xinghui Kok, Greg Torode, Raju Gopalakrishnan, Gerry Doyle Organizations: Australian, Defence, U.S, Pentagon, Central Military Commission, Lee Kuan Yew, of Public, National University of Singapore, NUS, International Institute for Strategic Studies, East China Seas, Thomson Locations: SINGAPORE, United States, China, Singapore, Beijing, U.S, Ukraine, Taiwan, North, Korean, Russia, East, Britain, Australia, Japan, India

CNN —Canada’s former Conservative Party leader Erin O’Toole has accused China of targeting him with misinformation and voter suppression campaigns during the 2021 election, citing intelligence from Canada’s spy agency. Canadian Security Intelligence Service last week identified multiple threats against him, O’Toole told Parliament on Tuesday. O’Toole emphasized that alleged misinformation occurred in the run-up to the 2021 general election, which saw the reelection of a Liberal Party government led by Prime Minister Justin Trudeau. Earlier this month, Canada expelled an accredited Chinese diplomat accused of involvement in a harassment campaign against Canadian opposition lawmaker Michael Chong and his relatives. China has repeatedly dismissed previous claims of political interference in Canada’s political system.

Persons: CNN —, Erin O’Toole, O’Toole, ”, Justin Trudeau, Michael Chong, Chong, Marco Mendicino, Mendicino, Meng Wanzhou, Michael Kovrig, Michael Spavor, Meng Organizations: CNN, Conservative Party, Canadian Security Intelligence Service, Liberal Party, Huawei, Canadian Public Safety, CSIS, ” Locations: China, Canada, Canadian, Beijing

☆ China's security crackdown could signal new realities for foreign investors
▼ + stars: | 2023-05-16 | by ( Clement Tan | ) www.cnbc.com time to read: +6 min

Last Monday, state broadcaster CCTV singled out a consulting company for not complying with China's national security laws. "It may seem a paradox," said Chong Ja Ian, an associate professor at the National University of Singapore who studies Chinese foreign policy. So much of what is now regarded as national security or state secrets is not sufficiently defined or classified. This includes passing a data security law in 2021 on the protection of information involving national and economic security and on issues of important public interest. "To have multiple companies involved now in this crackdown and the restriction of financial data to foreigners, it appears that Chinese security departments are on to something larger."

OTTAWA, May 8 (Reuters) - Canada on Monday expelled Toronto-based Chinese diplomat Zhao Wei after an intelligence report accused him of trying to target a Canadian lawmaker critical of China's treatment of its Uyghur Muslim minority. The expulsion escalates already tense Sino-Canadian relations and is likely to prompt China, Canada's second-largest trading partner, to respond. China's embassy in Ottawa said it condemns the expulsion, and that it has formally protested the move to the government. China's Toronto consulate-general said the report on Chong has "no factual basis and is purely baseless." Trudeau said he found out about the intelligence report from the newspaper, and on Wednesday blamed the spy agency for not passing it onto him at the time.

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