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☆ More Executives Vanish in China, Casting Chill Over Business Climate
▼ + stars: | 2023-11-09 | by ( Chun Han Wong | ) www.wsj.com time to read: 1 min

Chen Shaojie, chief executive of DouYu, in the blue suit, has been unreachable since October, a person familiar with the matter said. Photo: Richard B. Levine/Levine Roberts/ZUMA PRESSSINGAPORE—The list of business executives and political figures who have gone missing in China keeps growing. Top executives at a video-streaming platform and a pharmaceutical company were the latest to disappear, as an intensifying clampdown by Beijing on alleged corruption and malfeasance shakes business confidence in China, among local and foreign firms alike.

Persons: Chen Shaojie, Richard B, Levine, Levine Roberts, ZUMA Organizations: SINGAPORE Locations: China, Beijing

☆ Exclusive: China's clashing priorities behind rare money market distress
▼ + stars: | 2023-11-06 | by ( ) www.reuters.com time to read: +7 min

"Banks were grudging in lending, leaving non-banks asking each other for money in afternoon trade," he said. The reasons for the spike in interest rates and the ensuing market chaos are detailed here for the first time. They affect foreign exchange movements since the markets are the major avenue for the supply of money. The money market operator CFETS told traders to keep a 5% ceiling on repo transactions and said anyone involved in high-rate deals closed on Oct. 31 would need to explain themselves to regulators, according to sources who received the notice. "If the pattern of money supply and liquidity provision remains unchanged, the whole system remains fragile.

Persons: Xia Chun, Banks, outflows, CFETS, Tom Westbrook, Vidya Ranganathan, Raju Gopalakrishnan Organizations: People's Bank of China, China Foreign Exchange Trade, Yintech Investment Holdings, Reuters, China Everbright Bank, Co, China Central Depository, Shanghai Clearing House, Shanghai, Thomson Locations: SHANGHAI, SINGAPORE, Beijing, Shanghai, China

☆ China Mourns Former Premier Whose Death Hovers Over Xi Jinping
▼ + stars: | 2023-11-02 | by ( Chun Han Wong | ) www.wsj.com time to read: 1 min

SINGAPORE—During his final months as China’s premier, Li Keqiang evoked two grand waterways seen as nurturing Chinese civilization as he tried to reassure citizens about their country’s future. “The Yangtze and Yellow rivers won’t flow backwards,” Li said last year, arguing that China would never reverse course on a four-decade policy of opening up its economy. Those words went viral on Chinese social media after Li’s unexpected death of heart failure last week, shared by mourners to subtly rebuke top leader Xi Jinping for seemingly breaching Li’s promise.

Persons: Li Keqiang, ” Li, Xi Jinping Locations: SINGAPORE, China

☆ U.S. and China Are Smoothing Ties—but Military Frictions Still Chafe
▼ + stars: | 2023-10-31 | by ( Chun Han Wong | ) www.wsj.com time to read: 1 min

Li Shangfu hasn’t made a public appearance since late August and U.S. officials say the Chinese Defense Minister is being ousted from his post. Li is the latest of several senior Chinese officials to disappear without explanation. Photo: How Hwee Young/ShutterstockSINGAPORE—Tensions between the U.S. and Chinese militaries continue to simmer even as their leaders prepare for a likely summit in the coming weeks, a sign of the difficulties the two global powers face in managing one of the most sensitive aspects of their relationship. The discord occupied center stage this week at a security conference in Beijing, where a top Chinese general took veiled swipes at Washington’s foreign policy and military posture, characterizing them as grave threats to peace and stability around the world as wars rage in Ukraine and Gaza.

Persons: Li Shangfu hasn’t, Li, Hwee Organizations: Chinese Defense, U.S Locations: SINGAPORE, Beijing, Ukraine, Gaza

☆ Li Keqiang, Former China Premier Sidelined by Xi Jinping, Dies at 68
▼ + stars: | 2023-10-26 | by ( James T. Areddy | Chun Han Wong | ) www.wsj.com time to read: 1 min

China’s former premier, Li Keqiang , whose efforts to retool his country’s economy faltered under the dominance of top leader Xi Jinping , died Friday after suffering heart failure, state media said. Li, who served a decade as premier until March, was in Shanghai when he experienced a sudden heart attack on Thursday, the official Xinhua News Agency said in a brief report.

Persons: Li Keqiang, Xi Jinping, Li Organizations: Xinhua News Agency Locations: Shanghai

Quarterly earnings reports for our industrial stocks begin this week amid an uncertain operating environment. HON YTD mountain Honeywell (HON) year-to-date performance Honeywell and Linde are the first two of the group to report — on Thursday before the bell. This was positive to see and it's reasonable to expect a clean quarter led by aerospace, Honeywell's largest business. Linde has beat and raised for 18 consecutive quarters, and history is likely to repeat itself when the industrial gas company reports. EMR YTD mountain Emerson Electric (EMR) year-to-date performance Emerson Electric is the last of our industrial names to report, on Nov. 7 before the opening bell.

Persons: we're, Stanley Black, Decker, —, CNBC's Jim Cramer, it's, Jim, You've, Vimal Kapur, Linde, Jack Umpleby, Emerson, Jim Cramer's, Jim Cramer, Wang Chun Organizations: Caterpillar, Honeywell International, Emerson Electric, Linde, LIN, DuPont De Nemours, Honeywell, LSEG, Aerospace, Electric, GE, Club, U.S, Management, CAT, Act, DuPont, Electronics, Emerson, National Instruments, SWK, CNBC, Future, Getty Locations: North America, China, Lianyungang, East China's Jiangsu

☆ China Strips Missing Defense Minister of Government Posts
▼ + stars: | 2023-10-24 | by ( Chun Han Wong | ) www.wsj.com time to read: 1 min

Li Shangfu hasn’t made a public appearance since late August and U.S. officials say the Chinese Defense Minister is being ousted from his post. Li is the latest of several senior Chinese officials to disappear without explanation. Photo: How Hwee Young/ShutterstockSINGAPORE—China removed its defense minister just seven months after he took the job, the second time in three months that Chinese leader Xi Jinping abruptly axed a minister he had handpicked for his third-term government. Gen. Li Shangfu’s removal came eight weeks after his last public appearance, an absence that has fueled speculation about his fate and prompted Western officials to raise concerns about China’s increasingly opaque governance under Xi and the ruling Communist Party.

Persons: Li Shangfu hasn’t, Li, Hwee, Xi Jinping, Li Shangfu’s, Xi Organizations: Chinese Defense, Western, Communist Party Locations: SINGAPORE, China

☆ The culinary delights hidden inside Hong Kong’s markets
▼ + stars: | 2023-10-20 | by ( Maggie Wong | ) edition.cnn.com time to read: +11 min

Hong Kong CNN —Offering everything from Michelin-endorsed dim sum to juicy smoked goose served in a world-renowned restaurant, Hong Kong is home to some of the finest culinary experiences on the planet. But don’t fret – we have put together a list of eight top-quality Hong Kong markets along with some of the best dishes to try. Queen Street Cooked Food MarketQueen Street Market serves some of the most authentic Chiuchow -- a regional Cantonese cuisine -- dishes. Maggie Wong/CNNA foodie haven in the north of Hong Kong, Yuen Long is a hub for both modern and traditional eateries. The relatively run-down look of the Fa Yuen Street Cooked Food Market inside only adds to the charm.

Persons: ”, Lui Ka Chun, Kongers, Lui, “, Wai Kee, Maggie Wong, Kau Kee, ngau, jyu beng, Kan, Hong Kong’s, Lok Yuen, yuen yeung, Tsang Kee, Chan Chun Kee, suckling, Tai Po Hui, Lam Kee, Tung Kee, Ping Kee, Ng Zai Kee, Bon, Tsun, CNN Kwun, Long, Tim Kee, Yuen Long, it’s, Kee’s, Fa, Mui Kee Congee, Shau Kee Wan Organizations: CNN, Hong Kong CNN, Michelin, Lok, Market, Queen, Thai &, Thai & Vietnam Cuisine, ABC, Tai Po Hui, Food, hawker, Hong Kong’s, Fa Yuen, Kitchen Locations: Hong Kong, Hong, hawker, Kong’s, Kan Kee, Kowloon City, Kowloon Walled City, Lok, Beijing, Thai, Thai & Vietnam, Tai Po, New Territories, Shanghai, Kwun Tong, CNN Kwun Tong, Kowloon, Sichuan, Yuen, Mong Kok, Aldrich, Aldrich Bay, Shau

[1/2] Small toy shopping cart is seen in front of displayed Amazon logo in this illustration taken, July 30, 2021. In its filing, Amazon said it "prominently and repeatedly" disclosed key terms — including price and automatic renewal — to Prime customers. Amazon also accused the FTC of seeking to punish the company through "undefined concepts" such as "manipulative" website designs. "In a case supposedly about clarity, the FTC's purported standards are unconstitutionally opaque," Amazon said. The FTC's Prime lawsuit said Amazon "under substantial pressure" from the FTC changed its cancellation process in April, before the agency filed its lawsuit.

Persons: Dado Ruvic, John Chun, Biden, Mike Scarcella, David Bario, Josie Kao Organizations: REUTERS, Amazon Prime, Federal Trade Commission, Amazon, Wednesday, U.S, District, FTC, Amazon.com, Thomson Locations: Seattle, Chun's Seattle

☆ Top Colleges by Size in the Western U.S.
▼ + stars: | 2023-10-18 | by ( ) www.wsj.com time to read: 1 min

Claremont McKenna College is No. 9 among all schools in the country in the WSJ/College Pulse rankings. Photo: Myung J. Chun/Los Angeles Times via Getty ImagesClaremont McKenna College is the top small school in the western U.S., according to the WSJ/College Pulse 2024 Best Colleges in the U.S. ranking. Stanford University is the top midsize school in the West, and Brigham Young University if the region’s top large college. Claremont McKenna, ranked 9th among all colleges in the country, is followed in the ranking of small Western schools by the California Institute of Technology, 18th overall, and Pomona College, 49th.

Persons: Myung J, Chun, Claremont McKenna Organizations: Claremont McKenna College, WSJ, Los Angeles Times, Getty, Stanford University, Brigham Young University, Claremont, California Institute of Technology, Pomona College Locations: U.S

☆ South Korea breakdancing: Korean b-boys eye Asian Games and Olympic gold
▼ + stars: | 2023-10-05 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +7 min

South Korean breakdancing team Jinjo Crew at the World K-pop Concert in 2021. Jeon Jiye, or b-girl Fresh Bella, will feature for the South Korean delegation at the Asian Games. The veteran, from the legendary Jinjo Crew, is a multiple world champion and Asian Games gold medal contender. There is added motivation after the country’s emphatic success in fellow Asian Games debutant, esports. “At the Asian Games, we will see all of this.

Persons: John Jay Chon, Breakdancing, Seo, –, United States –, Ronald Reagan’s, Han Myung, breakdancing, “, ”, Jeon Jiye, Fresh Bella, Jiang Han, Kim Heon, Korea’s, Kim, esports, We’ve, ” Kim, ” Kim Heonwoo, ’, Kwon Jang, Kwon, ” Kwon, we’re, We’re, Chen Po Chun, Chen Organizations: Hong Kong CNN, Korean, South, Asian, Summer, South Korean, World, Games, CNN, Getty, Asian Games, “ Locations: Hong Kong, Korea’s, Korean, American, South Korea, United States, Korea, Hangzhou, China, Paris, Bronx, Xinhua, South, Seoul, United Kingdom, Asia, Japan, somebodies

☆ Malaysia prepares to make rain, close schools as haze worsens
▼ + stars: | 2023-10-03 | by ( ) www.reuters.com time to read: +2 min

Malaysia's air quality was deteriorating, particularly in the western part of Peninsular Malaysia, with 11 areas recording unhealthy air pollution index (API) readings, the department's director general, Wan Abdul Latiff Wan Jaffar, said in a statement late on Monday. Malaysia said last week fires in neighbouring Indonesia were causing the pollution although Indonesia has denied detecting any smoke drifting over its borders into Malaysia. Schools and kindergartens must stop all outdoor activities when API readings reach 100, and close when they reach 200, he said. The environmental group Greenpeace, meanwhile, called on countries in the region to introduce legislation to stop plantation companies causing air pollution. Singapore, which prides itself on its clean air, passed a cross-border air pollution law in 2014 that makes those who cause haze both criminally and civilly liable.

Persons: Wan Abdul Latiff Wan Jaffar, Wan Abdul Latiff, Heng, Chun, Rozanna, Robert Birsel Organizations: of Environment, Malaysian, Greenpeace, Greenpeace Southeast, Thomson Locations: KUALA LUMPUR, Malaysia, Indonesia, Peninsular Malaysia, Borneo, Greenpeace Southeast Asia, Singapore

☆ Malaysia Prepares to Make Rain, Close Schools as Haze Worsens
▼ + stars: | 2023-10-02 | by ( Oct. | At P.M. | ) www.usnews.com time to read: +2 min

Persons: Wan Abdul Latiff Wan Jaffar, Wan Abdul Latiff, Heng, Chun, Rozanna, Robert Birsel Organizations: Reuters, of Environment, Malaysian, Greenpeace, Greenpeace Southeast Locations: KUALA LUMPUR, Malaysia, Indonesia, Peninsular Malaysia, Borneo, Greenpeace Southeast Asia, Singapore

☆ Chinese Activist Flees to Canada, as Dissidents Seek Ways Out
▼ + stars: | 2023-09-29 | by ( Chun Han Wong | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones Locations: canada

☆ China Blocks Executive at U.S. Firm Kroll From Leaving the Mainland
▼ + stars: | 2023-09-29 | by ( Rebecca Feng | Chun Han Wong | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones, kroll

☆ Judge assigned to US antitrust case against Amazon recuses himself
▼ + stars: | 2023-09-27 | by ( ) edition.cnn.com time to read: +1 min

The judge assigned to the US Federal Trade Commission’s antitrust lawsuit against Amazon.com has recused himself from the case, according to a court document filed on Wednesday. Senior Judge John Coughenour was assigned to the case on Tuesday, when the antitrust lawsuit was filed against Amazon in federal court in Seattle. Coughenour, an appointee of Republican former President Ronald Reagan, did not cite a reason for dropping off the case in the court filing. The case has been re-assigned to US District Judge John Chun based on rotation, according to the document. Amazon is facing a series of similar but smaller private consumer cases filed in recent years that are pending in the same US federal court with Judge Ricardo Martinez and the FTC has argued its case should be assigned to the same judge to avoid duplication or conflict.

Persons: John Coughenour, Ronald Reagan, John Chun, Chun, Joe Biden, Judge Ricardo Martinez Organizations: US Federal Trade, Amazon.com, Amazon, Republican, US, Washington, Court of Appeals, FTC Locations: Seattle

☆ Amazon.com faces an array of US consumer, state antitrust lawsuits
▼ + stars: | 2023-09-26 | by ( Mike Scarcella | ) www.reuters.com time to read: +5 min

In the California case, Judge Ethan Schulman in San Francisco Superior Court in March ruled against Amazon's bid to dismiss the lawsuit. CONSUMERS' PRICE INFLATION CLAIMSAmazon faces a pair of consumer lawsuits in Seattle federal court. The consumer plaintiffs, Chun wrote, "allege the type of conduct that antitrust law is intended to prevent." E-BOOKSIn Manhattan federal court, a prospective class action from consumers accuses Amazon of artificially inflating the price of retail trade e-books on the site. U.S. District Judge Gregory Woods has not yet ruled on objections from Amazon and the plaintiffs to Figueredo's report and recommendation.

Persons: Benoit Tessier, Rob Bonta, Ethan Schulman, Amazon's, Schulman, Richard Jones, Jones, John Chun, —, Chun, Ricardo Martinez, Valerie Figueredo, Gregory Woods, Mike Scarcella, Chris Sanders, Matthew Lewis Organizations: REUTERS, U.S . Federal Trade Commission, Amazon.com, Big Tech, FTC, GENERAL, District of Columbia, Walmart, Costco, Amazon, San Francisco Superior Court, District, U.S, Thomson Locations: Bretigny, Paris, France, CALIFORNIA, WASHINGTON, GENERAL California, District, Washington ,, California, Columbia, San Francisco, Seattle, U.S, Maryland, Manhattan, Washington

TAIPEI, Taiwan (AP) — Taiwan authorities fined a golf ball manufacturer 2.4 million New Taiwan dollars ($75,000) on Monday and warned of criminal charges for storing 30 times the legal limit of hazardous material and other violations after a major factory fire killed nine people and left one other missing. Launch Technologies is one of the world's major golf ball makers, producing 20% of the global supply last year. Since 2018, the company has been fined 200,000 New Taiwan dollars ($6,200) for safety and health violations and another 300,000 New Taiwan dollars ($9,300) over labor conditions, according to Taiwan's Occupational Safety and Health Administration. The company was also fined 300,000 New Taiwan dollars ($9,300) for air pollution violations in 2020, according to its 2021 annual report. Company general manager Lu Ying-cheng said at a news conference on Sunday that Launch Technologies has made improvements to the work environment in recent years.

Persons: Chou Chun, Chou, Lu Ying, cheng, ” Lu, Wanqing Chen Organizations: Taiwan, Technologies, Taiwan's Central News Agency, . Company, Launch Technologies, Safety, Health Administration, Company, Taiwan Stock Exchange, Associated Press Locations: TAIPEI, Taiwan, Pingtung, Beijing

☆ Russia's desperate need for weapons in Ukraine could be a big win for the North Korean military
▼ + stars: | 2023-09-24 | by ( Chris Panella | ) www.businessinsider.com time to read: +10 min

The partnership could be big for North Korea, and experts told Insider both sides would benefit while standing against the West. Both sides stand to gain, but a partnership could be a big win for North Korea. North Korea could also receive petroleum products and food, which, according to a United Nations Security Council meeting this past August, North Korea desperately needs as its people starve. A 2010 North Korean artillery strike on Yeonpyeong Island, for instance, saw an estimated 20 of 80 rounds fail to detonate. Although North Korean production efforts would likely need additional resources of raw materials and/or energy to be increase output in substantial quantities," Town told Insider.

Persons: Kim Jong, Vladimir Putin, Kim Jong Un, that's, Chun, Putin, he'd, Elizabeth Salmón, Kim prioritizes, Jenny Town, Henry L, Kim, Sergei Shoigu, John Kirby, it's, Joseph S, Bermudez Jr, Bermudez, Kim Il, KIM, It's Organizations: Service, North, Putin, BBC, South Korean Army, United Nations Security Council, UN, Stimson Center, Russian, White, DPRK, Ukraine, National Security, Democratic People's, Center for Strategic, International Studies, Korean, Getty, New York Times, North Korea Locations: Russia, North Korea, Ukraine, Korea, Wall, Silicon, Russian, Moscow, DPRK, Democratic People's Republic of Korea, Korean, Pyongyang, AFP, South Korea, Japan, North

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Persons: Dow Jones

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/world/china/chinas-defense-minister-has-been-removed-from-post-u-s-officials-say-ae0761f4

Persons: Dow Jones

☆ In China, a Completely Different Approach to Lowering Healthcare Costs
▼ + stars: | 2023-09-13 | by ( Chun Han Wong | Clarence Leong | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

Russia's President Vladimir Putin shakes hands with North Korea's leader Kim Jong Un during a meeting at the Vostochny Сosmodrome in the far eastern Amur region, Russia, September 13, 2023. DPRK is short for the Democratic People's Republic of Korea, North Korea's formal name. At the opening of the meeting with Putin, Kim said it was an unwavering position of the North to further develop its traditional friendship and ties with Russia. Russian media said Putin showed Kim around the building where Russia's new space launch rocket, the Angara, is assembled. Humanitarian aid to North Korea and U.N. Security Council resolutions imposed on Pyongyang may also be discussed, Russian officials have said.

Persons: Vladimir Putin, North, Kim Jong Un, Vladimir Smirnov, Kim, Putin, Kim Jong, Moscow, Dmitry Peskov, Peskov, KCNA, Jo Chun Ryong, Hyunsu Yim, Josh Smith, Soo, hyang Choi, Lidia Kelly, Guy Faulconbridge, Jack Kim, Gerry Doyle Organizations: Sputnik, REUTERS Acquire, North, DPRK, Democratic People's, Russia, Kremlin, Vostochny, Munitions Industry, Thomson Locations: Amur, Russia, North Korea, South Korea, MOSCOW, SEOUL, Washington, Democratic People's Republic of Korea, North, Moscow, Ukraine, Pyongyang, Vostochny Cosmodrome, Russia's, South, United States, Korea, Seoul, Tokyo, Melbourne

☆ China’s Police Are the New Earners for Cash-Strapped Governments
▼ + stars: | 2023-09-12 | by ( Chun Han Wong | ) www.wsj.com time to read: 1 min

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Persons: Dow Jones

☆ North Korean leader Kim Jong Un arrives in Russia before an expected meeting with Putin
▼ + stars: | 2023-09-12 | by ( ) www.cnbc.com time to read: +8 min

A file photo of Russian President Vladimir Putin meets North Korean Leader Kim Jong-un on April 25, 2019 in Vladivostok, Russia. Citing unidentified Russian regional officials, Japanese broadcaster TBS reported that Kim's train crossed the border and arrived in the border town of Khasan. North Korea has possibly tens of millions of artillery shells and rockets based on Soviet designs that could potentially give a huge boost to the Russian army, analysts say. Based on North Korean state media photos, Kim's delegation possibly includes Pak Thae Song, chairman of North Korea's space science and technology committee, and Navy Admiral Kim Myong Sik, who are linked with North Korean efforts to acquire spy satellites and nuclear-capable submarines. After decades of a complicated, hot-and-cold relationship, Russia and North Korea have been drawing closer since Moscow's invasion of Ukraine in 2022.

Persons: Vladimir Putin, Kim Jong, Mikhail Svetlov, Kim Jong Un, Kim, Jeon Ha Gyu, Choe Sun Hui, Ri, Pak Jong Chon, KCNA, Dmitry Peskov, Putin, Peskov, Xi Jinping, Donald Trump, Defense Ministry and National Intelligence Service didn't, Adrienne Watson, Matthew Miller, Song, Kim Myong Sik, Jo Chun Ryong, China — Organizations: North Korean, Getty, Korea's Defense Ministry, Korean People's, Korean Central News Agency, TBS, TASS, Associated Press, Chosun Ilbo, South, South Korea's Presidential, Defense Ministry and National Intelligence Service, White, National Security, North, Democratic People's, Department, Washington, Ukraine — Donetsk, Luhansk —, . Security Locations: Vladivostok, Russia, Ukraine, North, Pyongyang, Korean, Japanese, Khasan, Russian, North Korea, South Korea's, Korea, United States, Ukrainian, DPRK, Democratic People's Republic of Korea, Washington, South Korea, Japan, Moscow, Beijing, Syria, China

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