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But China, which bristles at visits to Taiwan by foreign government officials, tends to ignore trips by business executives, who usually keep clear of politics. Dimon will meet bank employees and clients in Taiwan on his visit, said the source, who sought anonymity as the plans were not public, while adding that no meetings were planned with Taiwan officials. As part of his Asia tour, Dimon will also visit South Korea after the Taiwan trip, said the source. But there was no plan for President Tsai Ing-wen to meet Dimon, her office said on Friday. Dimon favours East-West "derisking" rather than decoupling, he told the three-day JPMorgan Global China Summit event in the city on Wednesday.
Persons: Jamie Dimon, Andrew Collier, Dimon, Nvidia Corp's, Jensen Huang, Pat Gelsinger, Dimon's, Ma Ying, Tsai Ing, Chen Jining, Selena Li, Kane Wu, Scott Murdoch, Ben Blanchard, Emily Chan, Mrinmay Dey, Sumeet Chatterjee, Clarence Fernandez Organizations: JPMorgan Chase &, JPMorgan, Orient Capital Research, Bloomberg, Wall, U.S, Nvidia, Intel, Financial, Commission, Shanghai's Communist, JPMorgan Global China, Thomson Locations: Taiwan, China, Taipei, Beijing, Hong Kong, Asia, South Korea, East, United States, Sydney, Bengaluru
The move came a day after leaders of the G7 industrial democracies agreed to new initiatives to push back against Chinese economic coercion. McCaul and Gallagher urged Raimondo to work with Japan and South Korea to ensure that companies from those countries "do not take market share lost to the ban and undercut Micron." The lawmakers added that China "lashed out with an arbitrary economic embargo against one American company. Raimondo on Saturday said the United States will not tolerate China's action and is working closely with allies to address such "economic coercion." Reuters has reported Gallagher previously urged Raimondo to put trade curbs on Changxin Memory after Beijing's actions against Micron.
Persons: Joe Biden's, Michael McCaul, Mike Gallagher, Gina Raimondo, Gallagher, Raimondo, Saturday, McCaul, David Shepardson, Will Dunham Organizations: Micron Technology, Foreign Affairs Committee, Chinese Communist Party, . Commerce, Micron, Commerce Department, Embassy, Technologies, Reuters, Thomson Locations: Japan, South Korea, China, Washington, Beijing, United States, People's Republic of China, U.S
Obviously, the line is not perfect, but I think that’s a very sensible line. And I don’t think that’s all about absorption capability. But I don’t think it’s fair to say that the Russians have done everything they can. fareed zakaria[LAUGHS] And by the way, I think that’s some key to understanding the alliance is a personal one. I think India, Israel, and Poland — usually, in the 70 percent-plus say they like — have a favorable view of America.
Persons: ezra klein, it’s, Fareed Zakaria, Zakaria, “ Fareed Zakaria, fareed zakaria, Ezra, Putin, They’ve, there’s, fareed zakaria It’s, they’re, It’s, Fidel Castro, Sean Penn, haven’t, you’re, won’t, Biden, They’re, Washington, Winston Churchill, Merkel, wouldn’t, , Nancy Gibbs, Khomeini, Macron, Ron DeSantis, YouGov, fareed zakaria I’m, that’s, DeSantis, Lindsey Grahams, Mitch McConnell, Xi Jinping, ezra klein Yes, Xi, Gorbachev, Zelensky, Trump, Obama, Bush, United States —, McCarthy’s, I’ve, they’d, doesn’t, didn’t, ezra klein They’re, fareed zakaria They’re, we’ve, Simpson, I’m, Janet Yellen, Colin Powell, unquote, That’s, Jonathan Haidt, We’ve, he’s, fareed zakaria That’s, they’ve, fareed zakaria Well, gee, TikTok, we’re, George Kennan, Mike Gallagher, klein, Nirupama Rao, Bob Kagan, can’t, — fareed zakaria, Lord Mountbatten, Gandhi, Franklin Roosevelt, Ho Chi Minh, fareed zakaria Right, narratively —, Modi, you’ve, China’s —, fareed zakaria Modi, India’s, Advani, Vajpayee, you’d, There’s, India, Joe Biden, fareed zakaria I’ve, Benedict Anderson’s “, Orville Schell, John Delury, Sunil Khilnani, ezra klein Fareed Zakaria Organizations: CNN, The Washington Post, Putin, Starbucks, Russia, Revolutionary Guard, NATO, Ukrainian, Communist, European Union, U.S, Republican Party’s, Republican Party, Republicans, ASEAN, Trump, Defense, United, U.S ., Democrats, Chinese Communist Party, State, Facebook, Google, Soviet Union, Huawei, Twitter, South China Seas, Foreign Affairs, Yale Law, International Criminal, South China, . Security, Trade Organization, Pax Americana, Americana, New York Fed, America, Republican, Fox, Beijing Locations: ezra klein Russia, Ukraine, Russia, America, Europe, China, India, Russian, United States, Relatedly, Japan, Turkey, Holland, South Korea, Singapore, Iran, Venezuela, Central America, Southeast Asia, Washington, Britain, , U.S, United Europe, Germany, Soviet Union, Vietnam, Beijing, Trump, Asia, Iraq, Hainan, Montana, Republic, Soviet, weirdly, South, Taiwan, Pakistan, New Delhi, South Africa, Kuwait, Russia’s, Eden, Saudi Arabia, Indonesia, Kashmir, it’s, Cuba, Pax, American, Mumbai, Shanghai, Israel, Poland, Indian, Nigeria
A company in China fired an employee after he had to take toilet breaks of up to 6 hours, per Laodong Daily. The employee underwent surgery for an anorectal issue in December 2014 but was still in pain. Wang then started spending three to six hours in the toilet every day from July 2015, according to state-linked Laodong Daily, which focuses on labor-related news. Some companies in China have come under scrutiny for cracking down on toilet breaks, per South China Morning Post in a Thursday report. In 2021, a tech company in southern China angered employees by fining those who use the toilet more than once a day, per SCMP.
Persons: , Wang, Shanghai's Organizations: Service, Chinese Communist Party, Weibo, China Morning Locations: China, Tianjin
It was the first time Musk has visited the country since January 2020, when a video of him dancing onstage at Tesla’s Shanghai factory went viral. Before leaving, Musk met Chen Jining, the Communist Party chief of Shanghai, according to a statement by the city government. Musk praised the success of Tesla’s Shanghai facility — which opened in 2019 — and said he was hoping to work more with the city in various areas, the statement said. In 2022, the company delivered 1.31 million vehicles globally, more than half of which were from Shanghai, according to its financial results. “Congratulations to Giga Shanghai & Tesla China SDS teams for their excellent work overcoming many obstacles over many years!!
Persons: Hong Kong CNN —, Elon Musk, Musk, Chen Jining, Chen, Tesla, , Variflight, , , ” Musk, “ It’s, ” “, Elon, Jade Gao, Qin Gang, didn’t, Zeng Yuqun Organizations: Hong Kong CNN, Communist Party, Beijing Capital International Airport, Getty, Financial Times, Twitter, Giga Shanghai, Tesla China SDS, EV, CNN Locations: Hong Kong, China, Shanghai, Shanghai’s Hongqiao, Beijing, AFP, United States, Weibo
That invasion has also drawn increased attention to Taiwan as a potential security flashpoint in Asia. “There is no evidence that China has a fixed timetable for invading Taiwan,” the report added. Meanwhile, Beijing’s rhetoric around Taiwan was one of several key triggers accounting for Japan’s growing concern over China, the report said. That has included strengthening trilateral cooperation with allies South Korea and Japan and revamping the Quad security grouping with Australia, Japan and India, widely seen as a counter to China’s military rise. It is Li’s first time attending the conference since stepping into his role as defense minister earlier this year.
Persons: Defense Lloyd Austin, Li Shangfu, Anthony Albanese, Oleksii Reznikov, China’s, , Li, Austin Organizations: CNN, International Institute for Strategic Studies, Defense, Chinese Defense, Australian, Ukraine’s Defense, South Pacific, Communist Party, South, People’s Liberation Army Locations: China, Ukraine, Taiwan, Singapore, Europe, Asia, Pacific, United States, Austin, Beijing, South China, South, Russia, South Korea, Japan, Australia, India, United Kingdom
Singapore CNN —A war over Taiwan would be “devastating” and affect the global economy “in ways we cannot imagine,” US Defense Secretary Lloyd Austin has warned, as he underlined US support for the island democracy. “The whole world has a stake in maintaining peace and stability in the Taiwan Strait. And the right time to talk is now,” Austin said. “But we will not flinch in the face of bullying or coercion.”Austin reaffirmed US readiness in the region. Defense Minister Li addresses the Shangri-La forum on Sunday morning.
Persons: Lloyd Austin, ” Austin, Austin, China’s, Xi Jinping, , People’s Republic of China “, Li Shangfu, , ” Drew Thompson, Lee, Li, ” Thompson Organizations: Singapore CNN, US, Communist Party, Taiwan, Chinese Defense, Lee Kuan Yew, of Public, National University of Singapore, Defense Locations: Singapore, Taiwan, China, Taiwan Strait, Austin, People’s Republic of China, Beijing
This year, extreme heat has ravaged many parts of the country even earlier than last year. Animals killedIn recent days, reports of farm animals killed by extreme heat have dominated the news. The pigs suffocated to death amid extreme heat and poor air circulation, Jimu News, a government-owned news website, cited an unnamed employee at the farm as saying. The heat wave was blamed for killing large numbers of farmed carp living in rice fields in the southwestern region of Guangxi. And more extreme weather events are likely to come.
Persons: Sheng Xia, El, El Niño, , Sheng, Wang Gang, Niño, Xi Jinping, Shi Guangming Organizations: Hong Kong CNN, China Meteorological Administration, Citic Securities, , El, World Meteorological Organization, Qiushi, Communist, Villagers, China Today, China Media Group Locations: Hong Kong, China, Yunnan, Sichuan, El, Shanghai, Beijing, Jiangsu, Guangxi, Henan, Pingdingshan, Henan province, Xinjiang
In recent months, he's become supportive of exiled Chinese tycoon and Republican patron Guo Wengui. There's a very strong chance that one person putting up the money — directly or indirectly — is the jailed exiled Chinese billionaire tycoon Guo Wengui. Even Ghislaine Maxwell and SBF didn't get this kind of secrecySantos certainly doesn't want us to know who these bond sponsors are. (An affinity for using multiple names, which are variations of each other, is something Guo shares with George Anthony Devolder Santos.) So, is Guo one of Santos's bail sponsors?
Persons: George Santos's, you'll, Santos, he's, Guo Wengui, , George Santos, Ghislaine Maxwell, SBF didn't, Joanna Seybert, Jeremy A, Chase, Alexandra Settelmayer, Davis Wright Tremaine, Lokman Vural, Sam Bankman, Larry Kramer, Andreas Paepcke —, Lewis Kaplan, Jeffrey Epstein, Epstein, Maxwell, Guo, Steve Bannon, Forbes, Miles Kwok, Carlo Allegri, Bannon, Miles Guo, George Anthony Devolder Santos, Cait Corrigan, Santos didn't, Joe Murray, Guo didn't, Santos doesn't Organizations: Service, Rep, Republican, New York Times, US, Federal, Anadolu Agency, Getty, Stanford University, REUTERS, New Federal, Chinese Communist Party, Law Foundation, Law Society, Santos, Justice Department Locations: New York, Long, Santos, Washington, DC, Central Islip, Central Islip , New York, Manhattan, United States, China, New Federal State of China, New Federal State
The mysterious disappearance of Bao has sent a chill through financial markets and China’s tech sector. Shares in China Renaissance had plunged more than 20% until they were suspended from trading in early April. China Renaissance had previously revealed only that Bao was “cooperating in an investigation” being carried out by certain authorities in the country. The specific agencies handling Bao’s case include the CCDI’s international cooperation bureau and Beijing’s municipal anti-graft authorities, the Economic Observer said. Cong has been detained by anti-corruption authorities since September for matters related to his tenure at ICBC Financial Leasing, the Economic Observer said.
Persons: Bao Fan, Bao, didn’t, Mike Blake, dealmaker, Xi, Cong Lin Organizations: Hong Kong CNN, Economic Observer, Central Commission, CNN, Communist Party, China Renaissance, Analysts, China’s, Industrial, Commercial Bank of China, Financial Leasing Locations: Hong Kong, China, Bao, Laguna Beach , California, Dianping
Elon Musk's surprise trip to China ended with burgers and soft drinks for Tesla staff in Shanghai. His trip was showcased on Twitter by Chinese state media. Elon Musk completed his whistle-stop tour of China by treating workers at Tesla's Shanghai plant to burgers and soft drinks, with his visit being showcased on Twitter by China's state-affiliated media. A video published online by Tesla's China team, seen by Insider, showed Musk delivering a speech to a crowd of workers at his Shanghai plant. Elon Musk visited workers at Tesla's Shanghai gigafactory after first China trip in three years.
Persons: Elon Musk's, Elon Musk, Tesla's, China Grace Tao, Grace Tao, Weibo Musk, Jack Ma, Zeng Yuqun, Tesla, Musk Organizations: Twitter, Bloomberg, Tesla's, Global Times, Communist Party's, Shanghai gigafactory Locations: China, Shanghai, Tesla's China, Beijing
Wall Street faces life in China’s second tier
  + stars: | 2023-06-01 | by ( Antony Currie | ) www.reuters.com   time to read: +8 min
Recent earnings reports from U.S. investment banks defy the sober mood among China-focused financiers. Morgan Stanley’s (MS.N) Asia revenue in the first three months of the year was almost 40% above the final quarter of 2022. Companies going public in Hong Kong have raised $2 billion so far this year, per Dealogic. At some point Hong Kong IPOs and cross-border M&A are likely to perk up. Many of those trades flow through the Hong Kong bourse’s Stock Connect links to the Shanghai and Shenzhen exchanges.
Persons: Jamie Dimon, outlast, It’s, Morgan Stanley’s, Sharon Yeshaya, Goldman Sachs’s, that’s, Stephanie Hui, Goldman Sachs, , Morgan Stanley, Goldman, That’s, Breakingviews, Hong Kong, Peter Thal Larsen, Katrina Hamlin Organizations: MELBOURNE, Reuters, JPMorgan, Communist Party, Companies, HK, KKR, Reuters Graphics, Tuesday, Bank of America, Wall, China Securities, Financial Times, Apple, Hong Kong bourse’s, Goldman, JPMorgan –, Bloomberg, Thomson Locations: China, Shanghai, U.S, Asia, Hong Kong, Macau, Taiwan, Beijing, Washington, United States, People’s Republic, Germany, Hong, Shenzhen, Greater China, Pacific
Kinmen, Taiwan CNN —As the sun sets over Taiwan’s Kinmen islands, the neon lights of mainland China dazzle in the distance just 2.5 miles away. That lingering potential for invasion might make it seem like an unlikely place to construct a bridge to mainland China. Anti-invasion spikes along the coast of Taiwan's Kinmen islands. During a recent trip to Kinmen, Taiwan Vice President and DPP presidential candidate William Lai said he recognized the sacrifices of the islanders during decades of conflict. “The Taiwanese government looks at the Chinese military threat as something that cannot be accepted and we condemn it,” he added.
Persons: John Mees, Ko Wen, , Xi Jinping, Ho Chih, Sam Yeh, Kinmen, Yang Chien, ” Yang, , Yang, Yang Pei, Huang Li, cheng, Tsai Ing, William Lai, Wu Chia, chiang, Nancy Pelosi, Kevin McCarthy, Joseph Wu, ” Wu, Maestro Wu Tseng, Maestro Wu Organizations: Taiwan CNN —, Communist, People’s Liberation Army, CNN, Democratic Progressive Party, Taiwan’s Presidential, Mainland Affairs Council, Chinese Communist Party, CCP, Mainland Affairs, Russo, Getty, Communist China's, Tourism Association, Communist Party, Xi, United States, Taiwan’s, Taiwan Locations: Kinmen, Taiwan, China, Beijing, Taipei, Taiwan’s, Xiamen –, Xiamen, Chinese, Ukrainian, Russia, Taiwan's, AFP, Jinsha, , Fujian, California, Beijing’s
“And as we take a look at some of the things that China is doing in the international airspace in the region and international waterways, you know, the provocative intercepts of our aircraft and also our allies’ aircraft, that’s very concerning, and we would hope that they would alter their actions. But since they haven’t yet, I’m concerned about, at some point, having an incident that could very, very quickly spiral out of control,” Austin said, adding that he would “welcome any opportunity to engage” with China’s leadership. The Pentagon said earlier this week that China refused a US proposal for Austin to meet with his Chinese counterpart Li Shangfu at the Shangri-La Dialogue security forum in Singapore this week. China’s defense ministry blamed the US for their refusal, saying the responsibility for ongoing tension between the two countries’ militaries “lies entirely with the US side.”The comments come as Chinese President Xi Jinping told China’s national security officials to think about “worst case” scenarios and prepare for “stormy seas,” as the ruling Communist Party hardens efforts to counter any perceived internal and external threats. Relations between the two countries have been increasingly strained in recent months, especially after former House Speaker Nancy Pelosi’s trip to the self-governing island of Taiwan last August and the US’ decision to shoot down a Chinese spy balloon that transited over sensitive US military sites in February.
Persons: Lloyd Austin, ” “, ou’ve, ” Austin, Defense Yasukazu Hamada, Li Shangfu, Xi Jinping, Nancy Pelosi’s Organizations: CNN —, Japanese, Defense, Pentagon, Locations: China, Singapore, Japan, Austin, Communist, Taiwan
Vivek Ramaswamy has called some of Musk's comments to Chinese officials "deeply concerning." According to Chinese officials, Musk said he's opposed to the two nations weakening economic ties. Republican candidate Vivek Ramaswamy has called some of Elon Musk's comments to Chinese officials "deeply concerning." According to a statement from the Chinese foreign ministry, Musk told officials he's opposed to the two countries weakening their economic ties. He described the US and China's interests as "intertwined like conjoined twins," according to the ministry's statement.
Persons: Vivek Ramaswamy, Musk, he's, Elon Musk's, he'd, Ramaswamy, Ma, Zeng Yuqun, Fu, Tesla, Ray Dalio, Matthew Loh Organizations: Morning, Twitter, Chinese Communist Party, Weibo, Reuters, Fu Yan Locations: China
The company is hiring a U.S. head of logistics, who will be a liaison between Shein’s U.S. and Singapore headquarters, according to a LinkedIn job posting. The company is also hiring an anti-money laundering and compliance executive and a number of U.S. marketplace personnel, as reported by Modern Retail. Shein did not immediately respond to requests for comment on the head of logistics position. The head of logistics will manage Shein’s relationships with its third-party logistics companies, warehouses and trucking companies. Critics of the exemption also worry that de minimis shipments from China evade regulations banning forced labor in the consumer product supply chain.
Persons: Shein, Shein's, Arriana McLymore, Chizu Organizations: YORK, U.S, Shein’s U.S, Modern Retail, Securities and Exchange Commission, Chinese Communist Party, Thomson Locations: North America, China, Singapore, U.S, China . U.S, Brazil, minimis, New York City
Xiaolu Chu | Getty Images News | Getty ImagesFrom handshakes with Chinese officials to visits to China's top ministries, Elon Musk's visit to Beijing is putting the spotlight on China's place in the global electric vehicle market. The Tesla CEO's visit to China is a "very important one" for him, said Anthony Sassine, senior investment strategist at investment manager Kraneshares. Price warsTesla slashed prices for its EV sales in China last October and January, but subsequently raised prices again in May. "It signals how important the China market is to defend and how important it is to your global system, you need the scale of China working for you," he said on CNBC's "Squawk Box Asia." He noted that China the most competitive market for EVs, with Tesla competing with multiple local companies for supremacy.
Persons: Xiaolu Chu, Elon Musk's, Tesla, Anthony Sassine, Sassine, CNBC's, Musk, Jamie Dimon, Bill Russo, Russo Organizations: Getty, Kraneshares, Communist Party, Musk, JPMorgan, U.S, EVs Locations: Shanghai, China, Beijing, U.S
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailElon Musk's visit to China shows how important the market is for Tesla, strategist saysAnthony Sassine of KraneShares says Tesla CEO Elon Musk wanted to "set the story straight" and make sure it's "on the same page" as the Chinese Communist Party.
Persons: Tesla, Anthony Sassine, KraneShares, Elon Musk Organizations: Elon, Chinese Communist Party Locations: China
HONG KONG, May 31 (Reuters Breakingviews) - Elon Musk may be China’s most popular American. State media quoted Musk saying the United States and China share “inseparable” interests and that Tesla opposes decoupling. This all provides the $638 billion Tesla with good political cover in the world’s largest automobile market. But for now Beijing and Musk are getting what they want out of the arrangement, and that means it is likely to endure. Reuters GraphicsFollow @petesweeneypro and @KatrinaHamlin on TwitterCONTEXT NEWSTesla Chief Executive Elon Musk visited China on May 30 for the first time since 2020.
Persons: Elon, Qin Gang, Musk, Xi Jinping, Elon Musk, Apple's Tim Cook, JPMorgan's Jamie Dimon, Laxman Narasimhan, Robyn Mak, Thomas Shum Organizations: Reuters, Foreign, Chinese Communist Party, Tesla’s, Twitter, CCP, SpaceX, Starbucks, Thomson Locations: HONG KONG, Beijing, Shanghai, China, Japan, Republic, India, Turkey, People’s Republic, United States, Washington
JPMorgan's Dimon says US, China need to have 'real engagement'
  + stars: | 2023-05-31 | by ( ) www.reuters.com   time to read: +1 min
HONG KONG, May 31 (Reuters) - JPMorgan Chase & Co (JPM.N) CEO Jamie Dimon on Wednesday said the United States and China need to have "real engagement", during his first visit to China since his 2021 comment about the bank outlasting China's ruling party sparked uproar. So I'm hoping we have real engagement," Dimon said, answering a question about Sino-U.S. decoupling at the three-day JPMorgan Global China Summit in Shanghai. Dimon is on his first visit to China since the beginning of the COVID-19 pandemic. In 2021, he joked that JPMorgan will outlast China's Communist Party, sparking outrage in China and prompting him to express regret. Reporting by Samuel Shen in Shanghai and Xie Yu and Selena Li in Hong Kong; Editing by Christopher CushingOur Standards: The Thomson Reuters Trust Principles.
Persons: Jamie Dimon, Dimon, outlast, Samuel Shen, Xie Yu, Selena Li, Christopher Cushing Organizations: JPMorgan Chase &, JPMorgan Global China Summit, JPMorgan, Communist Party, Thomson Locations: HONG KONG, United States, China, Shanghai, East, U.S, Hong Kong
“The complexity and difficulty of the national security issues we now face have increased significantly,” Xi said Tuesday at a meeting of the party’s National Security Commission, state news agency Xinhua reported. Since coming to power a decade ago, Xi has made national security a key paradigm that permeates all aspects of China’s governance, experts say. He has expanded the concept of national security to cover everything from politics, economy, defense, culture and ecology to cyberspace. Under Xi’s notion of “comprehensive national security,” China has introduced a raft of legislation to protect itself against perceived threats, including laws on counter-terrorism, counter-espionage, cybersecurity, foreign non-government organizations, national intelligence and data security. In Hong Kong, a sweeping national security law was imposed by Beijing to stamp out dissent after huge democracy protests roiled the city.
Persons: Xi Jinping, ” Xi, , Xi, Bill Bishop, Mintz, Organizations: Hong Kong CNN, party’s National Security Commission, Xinhua, Bain & Company, Mintz Group, Astellas Pharma Locations: Hong Kong, Communist, Beijing, China, People’s Republic of China, American
To drum up business, Chinese leaders have urged foreign companies to invest more in the country, promising them an open and level playing field. “The interests of the United States and China are intertwined like conjoined twins,” he was quoted as saying by the foreign ministry. Over time, “there will be less trade” between China and the United States, Dimon predicted. The move was seen as retaliation for restrictions the United States has imposed on Chinese chipmakers. The interests of the United States and China are intertwined like conjoined twins.
Persons: Elon, Laxman, Jamie Dimon, Qin Gang, Tesla, Elon Musk, Musk, , Warren Buffett, Dimon’s, Dimon, That’s, Bain, “ who’s, ” Michael Hart, Ben Cavender, Nick Marro, Tim Cook, Cook, Marro, , ” —, Sophie Jeong, Martha Zhou Organizations: Hong Kong CNN, Tesla, Starbucks, JPMorgan, Apple, Samsung, Aramco, Volkswagen, HSBC, Standard Chartered, Foreign, China's Ministry of Foreign Affairs, Reuters, China’s Foreign, Shanghai’s Communist Party, Bloomberg, Group, American Chamber of Commerce, CNN, British, of Commerce, China Market Research Group, US, Micron, Economist Intelligence Unit, “ Companies, China Development Forum Locations: Hong Kong, China, Beijing, United States, Shanghai, Taiwan, Washington, New York, American, Xinjiang
JPMorgan Chase & Co CEO Jamie Dimon on Wednesday called for "real engagement" between policymakers in Washington and Beijing, as Sino-U.S. relations continue to fray. Speaking at the JPMorgan Global China Summit in Shanghai — in his first visit to China since his 2021 apology for joking that JPMorgan would outlast the Chinese Communist Party — Dimon said that security and trade disputes between the world's two largest economies over are "resolvable." "You're not going to fix these things if you are just sitting across the Pacific yelling at each other, so I'm hoping we have real engagement," Dimon said, according to Reuters. In November 2021, Dimon expressed "regret" over remarks that JPMorgan would outlast China's ruling party, seeking to limit damage to the bank's growth ambitions in the country. The comments that invoked Beijing's ire came shortly after JPMorgan won regulatory approval to become the first foreign company to establish full ownership of a securities brokerage in China.
Persons: Jamie Dimon, Chinese Communist Party — Dimon, Dimon, JPMorgan Organizations: JPMorgan Chase, Company, Banking, Housing, Urban Affairs, Capitol, JPMorgan Global China Summit, Chinese Communist Party, Reuters, East, JPMorgan, Top U.S Locations: Washington , U.S, Washington, Beijing, U.S, Shanghai —, China, West, Top, South China
HONG KONG, May 31 (Reuters) - An absence of women among China's top leadership is concerning, the United Nations said in a report, as it recommended China adopt statutory quotas and a gender parity system to quicken equal representation of women in government. The committee said that while China's representation of women in political and public life has increased, it was concerned that women only represent 26.54% of deputies to the 14th National People's Congress. It urged China to increase the number of women in all government bureaus including the judiciary and foreign service, particularly at decision making levels. The committee said it was concerned about the excessive restrictions on the registration of non-governmental organisations as well as reports of intimidation and harassment against women human rights defenders. Feminist voices have also been muzzled and in recent years, the government has increasingly emphasized the value of traditional roles for women as mothers and carers.
Persons: Xi, Martin Pollard, Raju Gopalakrishnan Organizations: United Nations, quicken, UN, Leste, National People's, Communist, Thomson Locations: HONG KONG, China, Germany, Iceland, Sao Tome, Principe, Slovakia, Spain, Timor, Venezuela, Beijing
But he's dismayed by the U.S.-China trade spats and the restrictions on a growing number of Chinese companies that have been imposed, or are being proposed, by U.S. lawmakers. "It's very unfair," he said, lamenting that competitors from other countries did not face similar issues when trying to expand into the United States. Reuters spoke to seven tech entrepreneurs from mainland China, most of them educated overseas, who would like to expand their businesses in the United States. Geopolitical tensions have meant a far less friendly atmosphere for mainland Chinese companies wanting to operate or gain funding in the United States, the entrepreneurs and consultants say. The U.S. Commerce Department did not respond to a request for comment on attitudes towards Chinese companies within the United States.
Persons: Florence Lo, Ryan, Trump, Joe Biden, Major flashpoints, James McGregor, Xi, Wilson, Chris Pereira, Shein, PDD, Pereira, Tommy, David Kirton, Eduardo Baptista, Casey, Brenda Goh, Edwina Gibbs Organizations: REUTERS, Huawei, U.S ., U.S, Micron Technology, Washington DC, Chinese Communist Party, Greater, APCO Worldwide, U.S . Commerce Department, Reuters, of Information, American Ecosystem Institute . Companies, PDD Holdings, U.S . Customs, Border Protection, Casey Hall, Thomson Locations: China, SHENZHEN, U.S, Washington, United States, Shenzhen, East Asia, North America, Hong Kong, Canada, Japan, Singapore, Montana, Greater China, Beijing, China's, Shanghai, Dublin
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