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☆ AIIB will investigate claims of Chinese Communist Party control after Canada suspends ties
▼ + stars: | 2023-06-16 | by ( Michelle Toh | ) edition.cnn.com time to read: +3 min

Hong Kong CNN —A Beijing-based multinational lender is launching an internal review after Canada suspended its ties with the regional development bank, citing explosive claims that the Chinese Communist Party had infiltrated the institution. Alexander’s comments Friday were in response to a freeze on activity ordered by Ottawa this week, pending its own review of claims about Chinese government control. She said Canada would discuss the matter with allies and partners, raising the specter of more AIIB members suspending their ties. Alexander told CNN that the AIIB isn’t concerned about losing members, which number 106 including the United Kingdom, Germany and France. “Those are independent people appointed by different constituencies of our members,” Alexander added.

Persons: Hong Kong CNN —, Danny Alexander —, —, Alexander, Bob Pickard, ” Picard, Chrystia Freeland, Pickard, ” Alexander, Picard, Xi Jinping Organizations: Hong Kong CNN, Canada, Chinese Communist Party, Asian Infrastructure Investment Bank, World Bank, UK Treasury, CNN, Communist Party, Canadian Finance, Asian Development Bank Locations: Hong Kong, Beijing, Ottawa, Canadian, Canada, United Kingdom, Germany, France, Washington ,, Japan, United States, China

☆ China fails to release cremation data from late 2022 when its Covid-19 outbreak raged
▼ + stars: | 2023-06-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

A review of the past 10 years of ministry data shows the annual figure of cremations was consistently included in the fourth quarter data report – until now. China has faced criticism of its data transparency throughout the pandemic, including how it counts Covid-19 deaths. In January, a top WHO official accused China of “under-representing” the severity of its Covid outbreak, and repeated the agency’s critique of Beijing’s “narrow” definition of what constitutes a Covid death. At that time, Chinese health officials only listed those Covid patients who succumbed with respiratory failure and pneumonia as having died of Covid. It’s not clear if China plans to release the national data on cremations at a later date.

Persons: cremations, Yanzhong Huang, Covid, ” Huang, Hector Retamal, China’s, “, bode, It’s Organizations: Hong Kong CNN, China’s Ministry of Civil Affairs, Council, Foreign Relations, Ministry, Civil Affairs, CNN, Getty, WHO, Covid, World Health Organization Locations: Hong Kong, China, New York, Shanghai, AFP, Wuhan, Communist, “

☆ As Blinken Heads to China, a Wall of Suspicion Awaits Him
▼ + stars: | 2023-06-16 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

Rising nationalist sentiment in China — often stoked by the authorities — cheers on Beijing’s hawkish foreign policy. President Biden, even as he has declared his desire for dialogue, has described China as America’s greatest geopolitical challenge. The United States has issued a barrage of sanctions on Chinese officials and companies, and tried to cut off Chinese access to critical technology globally. At the heart of Beijing’s chilly posture toward Mr. Blinken’s visit is its claim that American overtures are insincere, and its treatment of China unjust. When Mr. Blinken postponed his previously scheduled visit in February, over a Chinese spy balloon, Beijing called it an overreaction.

Persons: Xi, Beijing’s, Biden, Blinken’s, Blinken Organizations: Communist, United, Mr Locations: China, Washington, United States, Cuba, American, Beijing, Ukraine

☆ China's economic recovery is stalling. Here's what to expect next
▼ + stars: | 2023-06-16 | by ( Clement Tan | ) www.cnbc.com time to read: +4 min

watch nowA raft of weak Chinese economic data in May has raised hopes of decisive policy intervention. A slew of economic data from industrial production and fixed asset investment to retail sales and trade fell short of expectations, with China teetering on the brink of deflation as its post-pandemic economic recovery stalls. "Weak investments data suggest that authorities are unlikely to stop at the monetary easing we saw this week," Oxford Economics' lead economist Louise Loo wrote in a note after Thursday's China data release. "We therefore continue to expect announcements of further 'piecemeal' property sector easing measures to follow in the coming weeks," Loo wrote. Goldman Sachs economists said last month that getting young people back to work would give China's economic recovery a sizable boost, given that they account for almost 20% of consumption in China.

Persons: China teetering, Helen Qiao, Louise Loo, Loo, Goldman Sachs, America's Qiao Organizations: China's State Council, Communist, China's National Statistics Bureau, Bank of America's, CNBC, People's Bank of, Oxford, Afp, Getty, Bank Locations: China, People's Bank of China, Chinese, Chongqing, America's

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Persons: Dow Jones

☆ As China's intelligence capabilities grow, spying becomes an increasing flashpoint in ties with US
▼ + stars: | 2023-06-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +12 min

They underscore how intelligence gathering – an activity meant to go on without detection, out of the public eye – is becoming an increasingly prominent flashpoint in the US-China relationship. That pushes intelligence gathering itself to become “another factor that is complicating US-China relations,” he said. That’s especially the case, experts say, as China continues to expand its own intelligence gathering capabilities – catching up in an area where the US has traditionally had an edge. Other arms of the Communist Party apparatus also play a role in activities beyond conventional intelligence gathering, experts say. Heightened concern and awareness about Chinese intelligence gathering – or the potential for it – has exploded in the US in recent years.

Persons: Antony Blinken, Blinken, Bill Burns, ”, Lyle Morris, Christopher Johnson, “, there’s, they’ve, Johnson, Xi Jinping, That’s, Xuezhi Guo, Guo, Xi, Hector Retamal, –, TikTok –, Edward Snowden, ’, Shou Zi Chew, Jabin, John Delury, John T, Downey, Delury Organizations: Hong Kong CNN, US, White House, CIA, CNN, Asia Society, Center for, Central Intelligence Agency, China, Group, U.S . Navy, AP, Guilford College, People’s Liberation Army, Ministry of State Security, Communist Party, Federal Bureau of Intelligence, The New York Times, Huawei, TikTok, Tiktok, US Justice Department, China Initiative, Center for Strategic, International Studies, National Security Agency, US Central Intelligence Agency, Washington, China ”, Energy, Commerce, Capitol, Washington Post, Subversion Locations: Hong Kong, United States, China, Beijing, American, Cuba, US, Center for China, South, Russia, AFP, Washington, USA, South China, Washington , DC

☆ GOP lawmakers urge DOJ to probe Chinese IP theft from U.S. small businesses
▼ + stars: | 2023-06-15 | by ( Chelsey Cox | ) www.cnbc.com time to read: +3 min

WASHINGTON — Two top Republican congressmen on Thursday urged the Justice Department to investigate intellectual property theft from American small businesses by Chinese actors. "Ensuring the safety of American small businesses from IP-related crimes is crucial, and we urge the U.S. Department of Justice to utilize all tools and capabilities at its disposal," the lawmakers wrote. Gallagher is chairman of the House Select Committee on the Chinese Communist Party, while Williams chairs the House Committee on Small Business. Evidence of Chinese IP theft from U.S. businesses dates back several years. In 2019, 1 in 5 North American companies on the CNBC Global CFO Council reported IP theft from Chinese companies within the last year.

Persons: Mike Gallagher, Elise Stefanik, Steve Scalise, Wisconsin, Roger Williams of, General Merrick Garland, Gallagher, Williams, China — Organizations: Chinese Communist Party, Republican National Committee, Washington , D.C, WASHINGTON —, Justice Department, U.S . Department of Justice, Small, National Bureau, Asian, Commission, American Intellectual, U.S . Trade Representative, U.S, CNBC Global, CCP, DOJ's, Force, Intellectual, Fox Business, China, GOP Locations: Washington ,, WASHINGTON, Roger Williams of Texas

☆ As Ties to China Turn Toxic, Even Chinese Companies Are Breaking Them
▼ + stars: | 2023-06-15 | by ( Ana Swanson | ) www.nytimes.com time to read: +1 min

As it expanded internationally, Shein, the rapidly growing fast fashion app, progressively cut ties to its home country, China. Yet the clothing retailer can’t shake the focus on its ties with China. Along with other brands like the viral social app TikTok and shopping app Temu, Shein has become a target of American lawmakers in both parties. As relations between the United States and China turn increasingly rocky, some of China’s most entrepreneurial brands have taken steps to distance themselves from their home country. They have set up new factories and headquarters outside China to serve the United States and other foreign markets, emphasized their foreign ties and scrubbed any mention of “China” from their corporate websites.

Persons: Shein, Chinese Communist Party —, “, Marco Rubio Organizations: Chinese Communist Party, Republican Locations: China, Singapore, Nanjing, Ireland, Indiana, Washington, Florida, United States

Bob Pickard, a Canadian national and former global communications chief for the AIIB, announced his resignation in a scathing social media post on Wednesday. The AIIB earlier on Wednesday said it had accepted Pickard's resignation and called his comments "baseless and disappointing. China's foreign ministry and Canada's embassy in China did not immediately respond to requests for comment. China is an important member of the AIIB and has always followed multilateral rules and procedures, the embassy said. The clash marks a new dip in bilateral relations between Canada and China, which have been frosty for the last five years.

Persons: Bob Pickard, Xi Jinping, AIIB, Pickard, I've, Michaels, Chrystia Freedland, Laurie Chen, John Geddie Organizations: Infrastructure Investment Bank, Chinese Communist Party, Canadian, World Bank, Reuters, Communist, Party, Canadian Finance, Ottawa, Beijing, Thomson Locations: BEIJING, Beijing, Ottawa, Canada, Japan, China, China's, Canadian, Shanghai, Toronto, Lincoln

☆ China’s world banks are geopolitical victims
▼ + stars: | 2023-06-15 | by ( Una Galani | ) www.reuters.com time to read: +4 min

MUMBAI, June 15 (Reuters Breakingviews) - China’s “World Bank” tried in vain to carefully thread the geopolitical needle. Fairly or not, critics have lambasted China’s lending practices along the BRI as “debt trap diplomacy”. Whereas the smaller AIIB did things more the way developed countries wanted, even taking positions at odds with Beijing’s. Pickard alleged on Twitter that AIIB was an instrument of China, dominated by Communist party members who “operate like a secret police”. The AIIB said the comments by Pickard, who had served in his role since March 2022, were “baseless and disappointing”.

Persons: Bank ”, Bob Pickard, Jin Liqun, Pickard, AIIB, Chrystia Freeland, Pete Sweeney, Thomas Shum Organizations: Reuters, Bank, Infrastructure Investment Bank, Twitter, Communist Party, World Bank, Initiative, Beijing, International Monetary Fund, New Development Bank, Canadian, Communist, Department of Finance, Finance, Thomson Locations: MUMBAI, Canada, Beijing, India, France, Asia, Africa, Latin America, Argentina, Pakistan, Russia, Ukraine, China, Ottawa, Shanghai, Saudi Arabia

☆ AIIB: Canada freezes ties after Bob Pickard's allegations that bank is 'dominated by' Chinese Communist Party
▼ + stars: | 2023-06-15 | by ( Michelle Toh | ) edition.cnn.com time to read: +4 min

The allegations were made by Bob Pickard, a Canadian citizen who resigned as global head of communications for the Asian Infrastructure Investment Bank (AIIB) earlier this week. But the United Kingdom was first to break ranks, announcing in 2015 that it would apply for membership. Despite initially being seen as a rival to the World Bank, the two institutions have since partnered together, providing joint financing for dozens of projects. In March, AIIB President Jin Liqun met with new World Bank President Ajay Banga in Beijing to discuss deepening ties. Overall, the organization has disclosed $100 billion in capital, with sizable commitments from the United Kingdom, France and Germany and others.

Persons: Bob Pickard, Chrystia Freeland, Pickard, ”, ” Pickard, Xi Jinping, Freeland, “, That’s, Pickard “, China “, Jin Liqun, Ajay Banga Organizations: Hong Kong CNN —, World Bank, Chinese Communist Party, Asian Infrastructure Investment Bank, Canadian, Canadian Finance, Twitter, Communist Party, Asian Development Bank, China Canada, AIIB Locations: Hong Kong, Hong Kong CNN — Canada, Beijing, Canadian, China, United Kingdom, France, Germany, Ottawa, Washington ,, Japan, United States, Canada, Taiwan, Washington

Exports and factory output in the world's second-largest economy tumbled in May, as looming downturns force the United States and Europe to pare back orders for goods made in China. Some factories closed or are struggling to pay wages or severance for laid-off workers as a result, according to Chinese labour researchers. "We believe that the drop in manufacturing orders and that factory closures will continue," said Aidan Chau, researcher at Hong Kong-based rights group China Labour Bulletin (CLB). Labour unions were central to the Communist Party's proletariat beginnings but play only a marginal role in modern authoritarian China. However, some analysts say factory strikes could become a political headache for the Party.

Persons: pare, Aidan Chau, CLB, Dian, Xin Dian, Zhong Min, Xu Tianchen, Xu, Laurie Chen, Nicoco Chan, Marius Zaharia, Sam Holmes Organizations: China Labour Bulletin, Min, Goods Shenzhen Ltd . Co, Dian Cable Ltd . Co, Reuters, China's Ministry of Public Security, Ministry of Human Resources, Shenzhen, China Federation of Trade Unions, Manufacturers, Workers, Security, Labour, Party, Economist Intelligence Unit, Thomson Locations: BEIJING, United States, Europe, China, Hong Kong, Guangdong province, Shenzhen, Communist, Beijing, Shanghai

BEJUCAL, Cuba, June 14 (Reuters) - Just outside the sleepy Cuban village of Bejucal, a winding track, rutted with potholes and losing ground to the jungle, ends at a barbed wire fence. The question of Chinese spying from Cuba was renewed last week following a Wall Street Journal report. China, Washington’s top geopolitical rival, on Monday denied it was using Cuba as a spy base. [1/5] A truck passes by a sign at the entrance of Bejucal, Cuba, June 12, 2023. Onelvis Despaigne, 36, a farm worker who lives just outside the base, told Reuters on Monday he had not heard the recent foreign media reports on Chinese spying.

Persons: Biden, Bejucal, Arnaldo Perez, Dave Sherwood, Perez, motioning, Marco Rubio, Havana “, Fulton Armstrong, ”, Armstrong, Vladimir Putin, Onelvis Despaigne, Matt Spetalnick, Adam Jourdan, Don Durfee, Bill Berkrot Organizations: Reuters, Federal Communications Commission, Communist Party, FCC, Security, Commission, ARCOS, U.S . Department of Homeland Security, Justice Department ., Guantanamo, Base, White House National Security Council, REUTERS, Cuban Missile, Soviet Union, U.S, Cuban, CIA, Thomson Locations: BEJUCAL, Cuba, Cuban, Bejucal, China, Beijing, States, Key West , Florida, U.S, United States, Justice Department . China, Havana, Soviet, Moscow, Marco Rubio of Florida, Caribbean, Taiwan Strait, South China, Russia, Ukraine, Lourdes, Washington

OTTAWA, June 14 (Reuters) - Canada is freezing ties with the China-led Asian Infrastructure Investment Bank (AIIB) while it probes allegations it is dominated by the Chinese Communist Party, Finance Minister Chrystia Freeland said on Wednesday. The bank's global communications director, a Canadian, said on Wednesday he had resigned and criticised the bank as "dominated by the Communist Party", allegations which the AIIB said were baseless. Liberal Prime Minister Justin Trudeau was in power when Canada joined the AIIB. The opposition Conservatives have long demanded Ottawa pull out of the bank, saying it is a tool for Beijing to export authoritarianism throughout the Pacific. The Royal Canadian Mounted Police said on Tuesday it was investigating allegations China tried to intimidate a federal Conservative legislator.

Persons: Chrystia Freeland, Freeland, AIIB, Justin Trudeau, David Ljunggren, Jonathan Oatis, Angus MacSwan Organizations: OTTAWA, Asian Infrastructure Investment Bank, Chinese Communist Party , Finance, Communist Party, Department of Finance, Liberal, Canada, Conservatives, Ottawa, Royal Canadian Mounted Police, Conservative, Beijing, Thomson Locations: Canada, China, Ottawa, Beijing

China’s readout of the call was noticeably more pointed, underscoring the deep distrust that lingers between Beijing and Washington. Qin told Blinken the US should “show respect” on China’s core concerns such as the Taiwan issue. Blinken originally planned to visit China in February as the two countries attempted to stabilize ties following an in-person meeting between their leaders in Indonesia last November. But the high-stakes trip was postponed over a suspected Chinese spy balloon that flew over the continental US and was later shot down. In a veiled criticism, Qin appeared to blame the US for the heightened tensions in recent months in his call with Blinken, according to the Chinese readout.

Persons: Antony Blinken, Qin Gang, Blinken, Matthew Miller, Washington . Qin, Qin, “, Joe Biden’s, ”, Xi Jinping Organizations: Hong Kong CNN, Qin, US State Department, China’s Foreign Ministry, Foreign Ministry, CNN, China’s Communist Party Locations: Hong Kong, Beijing, China, Washington, Taiwan, Indonesia, South, South China

☆ China’s economy is way more screwed than anyone thought
▼ + stars: | 2023-06-14 | by ( Linette Lopez | ) www.businessinsider.com time to read: +12 min

The bubble in China's property market finally popped. In April, China's economic data came in weak largely across the board. The problem is that while consumers may be picking up, the biggest drivers of the Chinese economy — property and exports — are going to stay dormant. Consumer consumption makes up about 37% of the Chinese economy (in the US that figure is about 70%). Beijing has tried to shift the country toward a consumption model, like the US, but exports still make up 20% of China's economy.

Persons: lockdowns, it's, Xi Jinping, Stanley Druckenmiller, We're, Morgan Stanley, Goldman Sachs, Wei Yao, Leland Miller, Miller, Yao, Wright, I've, —, Kearney, Linette Lopez Organizations: Trade, JPMorgan, Bloomberg Invest Conference, Bank of America's, China's National Bureau, Statistics, Societe Generale, Analysts, Beijing, China, Chinese Communist Party, China's Locations: China, globalism, Beijing, York, Asia

☆ Opinion: Before Trump or Viktor Orban, there was Italy’s Berlusconi
▼ + stars: | 2023-06-13 | by ( Ruth Ben-Ghiat | ) edition.cnn.com time to read: +6 min

CNN —“I’m the most persecuted man in all of history,” then-Italian Prime Minister Silvio Berlusconi claimed in 2009, just after Italy’s constitutional court stripped him of immunity from prosecution, leaving him vulnerable as he faced yet another corruption trial. Berlusconi, the three-time Italian prime minister who died this week at 86, wrote the script for an authoritarian style of leadership within a democracy. The flamboyant billionaire owner of a business, media and sports empire, Berlusconi privatized Italian television in the 1980s. Italian television had been limited to three state-owned RAI national networks, but by the 1980s Berlusconi’s Mediaset conglomerate owned the three largest private channels. Berlusconi also raised fears in Italians about the loss of “tradition,” using the specter of Italian demographic decline to justify anti-immigrant policies that preceded those of Hungarian Prime Minister Viktor Orban and other far-right leaders.

Persons: Ruth Ben, “ Strongmen, Mussolini, CNN — “, ”, Silvio Berlusconi, Berlusconi, Benito Mussolini —, Vladimir Putin, Marcello Dell’Utri, Publitalia, Ferdinando Meazza, “ Mussolini, ” Berlusconi, Viktor Orban, Fininvest, Sergei Chirikov, Donald Trump, “ Organizations: CNN, New York University, Italian, Forza Italia, National Alliance, Italian Social, Northern League, AC Milan soccer, RAI, AC Milan, Milan, Milan's, Italian Communist Party, British, Kremlin, Getty, Twitter, Facebook Locations: Italian, Milan, Milan's San Siro, Italy, Western Europe, Hungarian, Moscow, AFP

☆ China records fewest marriages in more than three decades as population crisis looms
▼ + stars: | 2023-06-12 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

Some 6.83 million couples married in 2022, according to data released by China’s Ministry of Civil Affairs on Friday. That’s down around 10.5% from the 7.63 million marriage registrations in 2021 and marks a record low since 1986, when the ministry began releasing statistics, according to state media. Chinese officials see a direct link between fewer marriages and falling births in the country, where social norms and government regulations make it challenging for unmarried couples to have children. Efforts from Chinese officials in recent years to reverse trends of falling marriages and births have yet to see results amid the looming economic and social issues at play. The Ministry of Civil Affairs’ recent data release also showed a slight fall in divorce registrations, with 2.1 million couples divorced in 2022, down from 2.13 million couples the previous year.

Persons: That’s, – Organizations: Hong Kong CNN, China’s Ministry of Civil Affairs, Communist, United Nations, Authorities, Communist Party, Communist Youth League, China Family Planning, Ministry, Civil Affairs, China isn’t Locations: Hong Kong, China, Beijing, Communist China, India, Japan, South Korea

The series, “Wave Makers,” follows the fictitious lives of a team of campaign staffers in the run-up to a presidential election in Taiwan. The turn of events took the creators of “Wave Makers” by surprise. The main story line of "Wave Makers" features the solidarity and support between its two female protagonists. “Even the protagonists in ‘Wave Makers’ might not be able to persevere in our system,” said Kang at the National Chengchi University. These are people we must protect, not treat with prejudice.”For the show’s scriptwriters, Taiwan’s #MeToo moment has not fully arrived.

Persons: MeToo, ”, Tsai Ing, ” Tsai, Chien Li, Nina Peng, Wen, Let’s, “ Let’s, William Lai, Wang Dan, Wang, Kang Ting, Kang, “, Chien, Tsai, Carlos Garcia Rawlins, Taiwan’s, Liao, ” Kang, Lu Sheng, ” Peng Organizations: Taiwan CNN —, Netflix, Democratic Progressive Party, Kuomintang, KMT, “, National Chengchi University, Chinese Communist Party, Inter, Parliamentary Union, CNN, National Taiwan Normal University Locations: Taipei, Taiwan, Beijing, “, Asia

☆ China's temple visits skyrocket amid economic uncertainty
▼ + stars: | 2023-06-09 | by ( Laura He | ) edition.cnn.com time to read: +6 min

Economic uncertainty has driven temple visits and tourism to new heights, according to analysts and travel websites. Temple visits have surged this year more than fourfold from a year ago, according to recent data from Qunar and Trip.com, another travel site. Social media has also fueled the boom in temple tourism, as young people like to share their experiences on social networks, she added. Anhui Jiuhuashan Tourism Development, which runs the Jiuhua Mountain scenic area in central Anhui province, also shattered quarterly sales records. A small temple at Wudang Mountain in China's Hubei province pictured on October 27, 2004.

Persons: Hong Kong CNN —, ”, Qunar.com, Soeren, Yang Yan, Ryan Pyle, supplicants, “ Organizations: Hong Kong CNN, Nanjing Securities, Social, Communist Party, Caitong Securities Locations: Hong Kong, China, Beijing, Qunar, Nanjing, Sichuan, Shan, Anhui Jiuhuashan Tourism, Anhui, Jiangxi province, Wudang, China's Hubei, Hangzhou

☆ China, Its Economy Flagging, Prods Consumers to Save Less and Spend More
▼ + stars: | 2023-06-09 | by ( Daisuke Wakabayashi | ) www.nytimes.com time to read: +3 min

Why It MattersA reduction in the deposit rates is one lever that policymakers can use to stimulate spending. The hope is that the lower rates will give consumers an incentive to spend or invest money instead of parking their savings in the bank. After China scrapped its Covid restrictions late last year and reopened the economy, there were expectations that pent-up demand would push consumers to start spending freely — but that has not played out in many sectors of the economy. In the first three months of the year, China’s economy grew at 4.5 percent, helped by a pickup in spending on dining out and luxury goods. Betty Rui Wang, senior China economist at the Australia-based bank ANZ, said confidence in the economy is weak across Chinese households and private-sector businesses.

Persons: Larry Hu, Betty Rui Wang, “, ”, Wang, Li You Organizations: China, Macquarie Group, People’s Bank of China, ANZ, Communist, Commerce Locations: China, Australia, Beijing

☆ Reports say China plans to set up a spy base in Cuba. The Pentagon says no, but it's closely watching what Beijing is up to.
▼ + stars: | 2023-06-09 | by ( Ryan Pickrell | ) www.businessinsider.com time to read: +5 min

China is reportedly in talks with Cuba about setting up a spy base on the island roughly 100 miles from Florida. It's a move that would follow in the footsteps of the Soviet Union, which operated a spy base on the island for decades. The Soviet spy facility in Lourdes was operational until 2001, when it closed down. The Pentagon responded to the reports of China's plan for a spy facility in Cuba Thursday afternoon, with spokesman Brig. Update: 6/9/2023 — This article has been updated with new statements from the Pentagon, the White House National Security Council, Cuba, and China.

Persons: —, Laura Richardson, Mike Waltz, Brig, Pat Ryder, he'd, John Kirby, Kirby Organizations: Pentagon, Service, Privacy, Department of Defense, White, Politico, Central Command, Cape Canaveral, Wall Street Journal, CNN, The New York Times, Senior, US Southern Command, Florida Republican, House Intelligence, Armed Services, Chinese Communist Party, Soviet Union, National Security, Cuban, White House National Security Council Locations: China, Cuba, Florida, Soviet Union, Beijing, Havana, Cape, America, Soviet, Lourdes

☆ Behind a Rare Clash, a Fight Over Faith in China
▼ + stars: | 2023-06-08 | by ( Vivian Wang | ) www.nytimes.com time to read: +1 min

Walking through Nagu, a small town in the mountains of southwestern China, the signs of a vibrant Muslim community are ubiquitous. Loudspeakers broadcast passages from a Chinese translation of the Quran. Towering over it all is the Najiaying Mosque, a white building topped with an emerald dome and four minarets that reach 230 feet into the air. For decades, the mosque has been the pride of the Muslim Hui ethnic minority that lives here. As the officers blocked the mosque and used pepper spray, residents threw water bottles and bricks.

Organizations: Hui, Communist Locations: Nagu, China

☆ Analysis: There is now some public evidence that China viewed TikTok data
▼ + stars: | 2023-06-08 | by ( Brian Fung | ) edition.cnn.com time to read: +6 min

Multiple security experts told CNN that this appears to be the first reported instance of the CCP accessing actual TikTok user data. TikTok announced its withdrawal from Hong Kong in 2020 after China imposed a national security law there. There have been isolated reports of improper access to TikTok data in the past. The improper access, company officials have said, was a misguided attempt at identifying the source of leaks to the press. TikTok has also said it is implementing a plan to store US user data on third-party US-based servers, with access to that data controlled by US employees.

Persons: Yintao Yu, Yu, ByteDance, —, ” Yu, ’, Yu’s, Flipagram, “, TikTok, James Lewis, John Scott, Rob Joyce, ” Joyce, ”, Shou Chew, Chew Organizations: CNN, Chinese Communist Party, Hong Kong, Wall Street, Flipagram, CCP, Center for Strategic, International Studies, University of Toronto’s, National Security Locations: TikTok’s Beijing, Hong Kong, California, Beijing, Hong, China

☆ The future of AI in finance might be about accepting what we don't know
▼ + stars: | 2023-06-08 | by ( Dan Defrancesco | ) www.businessinsider.com time to read: +5 min

Such a suggestion is blasphemy — and potentially illegal — on Wall Street. But as AI tech continues to advance, one Wall Street executive is wondering if there isn't some wiggle room on those types of policies. But what really caught my eye was Friedman's comments around having to fully understand how the AI works. That's a fascinating thought exercise, and one worth having with how quick AI tech seems to be evolving these days. Wall Street is getting fed up with Amazon.

Persons: Dan DeFrancesco, we've, Adena Friedman, shouldn't, Simon Berlyn, Robert Kindler, Morgan Stanley, Paul, Weiss, Garrison, Marc Lasry, Frank, Charlie Javice, Sam Altman, Bernstein, Rod Stewart, We've, Jeffrey Cane, Nathan Rennolds Organizations: PE, Disney, Pixar, . Finance, Nasdaq, Bloomberg Invest, Milwaukee Bucks, JPMorgan, Amazon, Communist Party, LinkedIn Locations: NYC, Point72, Rifkind, Wharton, New York, London

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