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CNN —Taiwan’s Vice President Lai Ching-Te is expected to transit the US next month en route to Paraguay, the island’s presidential office announced at a news conference Monday. The Biden administration expects the transit to occur “without incident,” a senior administration official said Sunday. The transit comes as the Biden administration is working to regularize the pace of diplomacy with Beijing, with three top administration officials visiting China in the last month. “These transits of senior officials are unofficial in keeping with our US One China policy,” the official said, calling the transits fairly common. Candidates from other political parties may also visit the US later this year, but the senior administration official did not provide detail about future possible trips.

Persons: CNN —, Lai Ching, Biden, ”, Lai, We’ve, hasn’t, China’s, Mao Ning, ’, ” Mao, Tsai Ing, Kevin McCarthy, John Kerry, Antony Blinken, Janet Yellen, “ We’ve Organizations: CNN, US, ”, Democratic Progressive Party, Communist Party, Foreign Ministry, Biden, Presidential Locations: Paraguay, Beijing, China, Taiwan, Lai, Washington, California, Ukraine

☆ UBS just updated its 'highest conviction' stock list with picks to beat the market
▼ + stars: | 2023-07-17 | by ( Lucy Handley | ) www.cnbc.com time to read: +3 min

In a list of "23 for '23" picks, UBS included Baidu , Grab , Merck , Salesforce , Li Ning and Siemens . It updated its stock selection, adding Yum Brands and MGM Resorts International to the list last month, and removing AbbVie and Corteva . Our 23 for '23 theme showcases our highest conviction stock ideas that aim to benefit from these inflections," stated the authors of the UBS report, led by Nadia Lovell. UBS added MGM Resorts International to its picks, with analysts "encouraged by the continued strength in Las Vegas and a healthy outlook for MGM." Manufacturing and technology company Siemens made the UBS list for being "at the forefront of the Industrial Internet of Things (IIoT) transformation."

Persons: Li Ning, Nadia Lovell, Salesforce, Taco, — CNBC's Michael Bloom Organizations: UBS, Baidu, Merck, Salesforce, Siemens, Yum Brands, MGM Resorts International, MGM, Software, Manufacturing, Industrial, Taco Bell Locations: Swiss, Las Vegas

☆ What China's resilient big spenders are buying and the stocks that benefit
▼ + stars: | 2023-07-16 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

That's approximately how large China's "premium" consumer population is – and it's a "huge" opportunity for higher-end sportswear by foreign companies, according to Bernstein. By U.S. standards, it doesn't take much to be considered premium in China. Adidas and Nike are like Benz, BMW, the highest end, he said, while the other brands are like Audi or Toyota. For Nike and Adidas, even their lowest price is two times that of local competitors, the Bernstein analysts said. However, focusing only on the premium growth segment can overlook the fact that many of China's consumers still live in smaller cities.

Persons: Bernstein, Aneesha Sherman, Li Ning, Irving, Miao Kun, –, Hoka, — CNBC's Michael Bloom Organizations: . Census, Anta Sports, Wednesday, basketball, Adidas, Nike, Benz, BMW, Audi, Toyota, Management, P Locations: China, That's, U.S, Hong Kong, Beijing, Thursday's, Germany, eyeing, Shanghai, Chengdu

July 13 (Reuters) - Qingdao city in China's debt-laden Shandong province has set up a company to bail out its cash-strapped local government financing vehicles (LGFVs), sources said, as regional governments rush to reduce debt risks in a wobbly economy. The government of Qingdao and the China Development Bank did not reply to Reuters' requests for comment. While no LGFV in China has defaulted in the public markets, cases of delinquencies in the private debt market are increasing, worrying Beijing. Tianjin LGFV bonds yield more than 514 bps over government bonds, compared with 200 bps for Shandong bonds, reflecting the elevated risks. Fund manager Zhou said although he is bullish on LGFV bonds, "the first priority is to be absolutely diversified in investment.

Persons: Qingdao's, Xi Jinping, LGFVs, Goldman Sachs, Zhai Jianye, Zhai, It's, Zhou Tingzuo, Ning Yong, Zhou, Samuel Shen, Jason Xue, Tom Westbrook, Vidya Ranganathan Organizations: Dongdin Industrial Group, China Development Bank, Southwest Securities, Agricultural Bank of China, China Construction Bank, Commercial Bank of China, SS, Shoupu Fund Management Co, Ning Yong Fu Fund Management, Thomson Locations: Qingdao, China's, Shandong, China, Shandong LGFVs, Beijing, Big, Jinan, Weifang, Liaoning, Hunan, Shanghai, Tianjin, Singapore

☆ SPECIAL REPORT-Inside the subsea cable firm secretly helping America take on China
▼ + stars: | 2023-07-06 | by ( Joe Brock | ) www.reuters.com time to read: +23 min

Reuters is revealing details of the Diego Garcia project and SubCom’s deepening ties with the Pentagon. SubCom’s loyalty is especially important because it is the only major U.S. subsea cable company. Rather, they carefully obscured the U.S. military component within a larger private-sector cable project, according to four subsea cable industry sources with knowledge of the arrangement. That project, known as the Oman Australia Cable, was spearheaded by SUBCO, a Brisbane-based subsea cable investment company owned by Australian entrepreneur Bevan Slattery. Once the Navy project was complete, AT&T’s submarine cable project morphed into a commercial business, the former employees said.

Persons: Diego Garcia, SubCom, Cerberus, Stephen Feinberg, Donald Trump, Feinberg, Joe Biden, Biden, Eckhard Bruckschen, They’ve, ” Bruckschen, Trump, Brad Smith, –, Mao Ning, ”, Jacob Helberg, Bevan Slattery, SUBCO’s, Richard Payne, Payne, “ We’re, ” Payne, Alex Kerska, Catherine Creese, Creese, David Coughlan, Coughlan, Slattery, SubCom’s Coughlan, Rich, Australia West Express –, John Mariano, Anthony Albanese, Albanese, Caesar, Kellee Wicker, ” Wicker Organizations: CS, SubCom, Google, Microsoft, Meta, ., U.S, Navy, Cerberus Capital Management, U.S . Navy, President’s Intelligence, Board, U.S . Navy’s Pacific Fleet, U.S . Pacific Fleet, U.S ., Pentagon, America Inc, Cable Consultancy, Reuters, Japan’s NEC Corporation, France’s Alcatel Submarine Networks, China’s HMN, U.S . Department of Defense, White, U.S . Department of Justice, Foreign, Oracle, China Economic, Security, Commission, U.S . Department of Transportation, Department of Defense, government’s, Cable Security Fleet, Oman Australia Cable, SUBCO, The, The U.S . Pacific Fleet, SUBCO’s Oman Australia Cable, Facebook, Defense, Intelligence, SubCom’s, London Stock Exchange Group, U.S . Coast Guard, Naval, Cable, Office, Tyco Telecommunications, Australian, Financial, Australia West Express, GoTo Networks, couldn’t, Netflix, AT, Tyco International, Tyco, New, Washington, Science, Technology, Wilson, “ Cables Locations: Diego, Indian, China, New Jersey, United States, U.S, Soviet, Washington, New York, Philippine, South China, Beijing, America, American, Hong Kong, Switzerland, Eatontown , New Jersey, British, Britain, Australian, Australia, Oman, Brisbane, Southeast Asia, The U.S, SUBCO’s Oman, Perth, SubCom, Guam, U.S . Pacific, Republic of Djibouti, of Africa, Djibouti, Sri Lanka, Scotland, Newfoundland

☆ Lawyer wanted by Hong Kong says he was exercising his rights in Australia
▼ + stars: | 2023-07-06 | by ( Kirsty Needham | ) www.reuters.com time to read: +4 min

The Hong Kong police and security bureau did not immediately respond to a request for comment. Hong Kong says 260 people have been arrested under the law, 79 of them convicted for offences including subversion and terrorism. China and Hong Kong say it was necessary to restore stability in the financial hub. Yam said he started speaking out about the rule of law in Hong Kong and the crackdown because his friends were in jail. Reporting by Kirsty Needham in Sydney; Additional reporting by James Pomfret and Jessie Pang in Hong Kong; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

Persons: Kevin Yam, Yam, Mao Ning, Anthony Albanese, Hong, Ted Hui, Richard McGregor, Kirsty Needham, James Pomfret, Jessie Pang, William Mallard Organizations: SYDNEY, Hong, HK, Hong Kong, of Australia, Law Society of Hong, Lowy Institute, Thomson Locations: Australian, Hong Kong, Hong, Australia, China, Beijing, British, Law Society of Hong Kong, Sydney

☆ Inside the subsea cable firm secretly helping American take on China
▼ + stars: | 2023-07-06 | by ( ) www.reuters.com time to read: +24 min

Persons: Diego Garcia, SubCom, Cerberus, Stephen Feinberg, Donald Trump, Feinberg, Joe Biden, Biden, Eckhard Bruckschen, They’ve, ” Bruckschen, Trump, Brad Smith, –, Mao Ning, ”, Jacob Helberg, Bevan Slattery, SUBCO’s, Richard Payne, Payne, “ We're, ” Payne, Alex Kerska, Catherine Creese, Creese, David Coughlan, Coughlan, Slattery, SubCom’s Coughlan, Rich, Australia West Express –, John Mariano, Anthony Albanese, Albanese, Caesar, Kellee Wicker, ” Wicker, Joe Brock, Mohammad Kawoosa, Edgar Su, Catherine Tai Design, Eve Watling, Marla Dickerson Organizations: CS, SubCom, Google, Microsoft, Meta, ., U.S, Navy, Cerberus Capital Management, U.S . Navy, President’s Intelligence, Board, U.S . Navy’s Pacific Fleet, U.S . Pacific Fleet, U.S ., Pentagon, America Inc, Cable Consultancy, Reuters, Japan’s NEC Corporation, France’s Alcatel Submarine Networks, China’s HMN, U.S . Department of Defense, White, U.S . Department of Justice, Foreign, Oracle, China Economic, Security, Commission, U.S . Department of Transportation, Department of Defense, government’s, Cable Security Fleet, Oman Australia Cable, SUBCO, The, The U.S . Pacific Fleet, SUBCO’s Oman Australia Cable, Facebook, Defense, Intelligence, SubCom’s, London Stock Exchange Group, U.S . Coast Guard, Naval, Cable, Office, Tyco Telecommunications, Australian, Financial, Australia West Express, GoTo Networks, couldn’t, Netflix, AT, Tyco International, Tyco, New, Washington, Science, Technology, Wilson, “ Cables Locations: Diego, Indian, China, New Jersey, United States, U.S, Soviet, Washington, New York, Philippine, South China, Beijing, America, American, Hong Kong, Switzerland, Eatontown , New Jersey, British, Britain, Australian, Australia, Oman, Brisbane, Southeast Asia, The U.S, SUBCO’s Oman, Perth, SubCom, Guam, U.S . Pacific, Republic of Djibouti, of Africa, Djibouti, Sri Lanka, Scotland, Newfoundland

☆ Biden administration approves potential $440 million arms sales to Taiwan
▼ + stars: | 2023-06-30 | by ( Michael Callahan | ) edition.cnn.com time to read: +1 min

Washington CNN —The Biden administration has approved two potential arms sales totaling $440 million to Taiwan amid ongoing tensions between the self-governing island and Beijing, the State Department announced Thursday. “This proposed sale serves US national, economic and security interests by supporting the recipient’s continuing efforts to modernize its armed forces and to maintain a credible defensive capability,” the State Department said. Washington has long provided arms to the island under the terms of the Taiwan Relations Act, and there is bipartisan support for supplying Taiwan with weapons. “China’s ever-expanding military and grey zone oppression have posed a severe threat to Taiwan,” the ministry said in a statement. “The US arm sales this time not only helps to build Taiwan’s capacity in responding to China’s military threat, but also strengthens our defense resilience and satisfies our training needs.”

Persons: Washington CNN —, Biden, –, “, Mao Ning, “ China’s, ” Organizations: Washington CNN, State Department, Cultural, Washington, Taiwan Relations, Foreign Ministry, Taiwan’s Defense Ministry Locations: Taiwan, Beijing, Taipei, United States, China, Taiwan Strait

☆ The Chinese spy balloon shot down by the US military was rife with off-the-shelf, American-made technology: reports
▼ + stars: | 2023-06-30 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +3 min

The Chinese spy balloon that flew over the United States was reportedly loaded with American tech. That technology assisted in the gathering of photos and videos, The Wall Street Journal reported. The balloon was shot down off the coast of South Carolina by the US military earlier this year. The Pentagon said on Thursday, however, that the Chinese balloon did not collect information as it flew across the country. Chinese officials have admitted the downed balloon belonged to China but have repeatedly insisted it was a weather balloon that blew off course.

Persons: —, Biden, Patrick Ryder, majeure, Mao Ning Organizations: Street Journal, Service, FBI, NBC, US Air Force, US, Wall Street Journal, Pentagon, CNN, Foreign Ministry Locations: United States, South Carolina, Alaska, Canada, Beijing, China

☆ S&P cuts China GDP forecast as calls for stimulus intensify
▼ + stars: | 2023-06-26 | by ( ) www.reuters.com time to read: +3 min

BEIJING, June 26 (Reuters) - S&P Global cut its forecast for economic growth in China this year, underscoring the uneven nature of the country's post-reopening recovery that is spurring more calls for further stimulus. S&P now expects China to log GDP growth of 5.2% in 2023, down from an earlier estimate of 5.5%. Forecasts for China GDP growth this year range between 4.4% and 6.2%. Last week, China cut its key lending benchmarks, the first such reductions in 10 months. Further highlighting pessimism over the economy, China and Hong Kong stocks slumped on Monday after disappointing domestic tourism figures for last week's three-day Dragon Boat Festival, while the yuan also weakened against the dollar.

Persons: Goldman Sachs, Ning, Nie Wen, Liangping Gao, Ryan Woo, Edwina Gibbs Organizations: People's Bank of China, Times, Communist, Hwabao Trust, Thomson Locations: BEIJING, China, Beijing, Shanghai, Hong Kong

☆ China's governing body upholds lifetime bans for match-fixing
▼ + stars: | 2023-06-22 | by ( ) www.reuters.com time to read: +1 min

June 22 (Reuters) - China's snooker authorities have upheld lifetime bans for match-fixing handed out to Liang Wenbo and Li Hang by the sport's world governing body (WPBSA) and given five other players longer suspensions for domestic matches. Zhao Xintong, who won the UK Championship in 2021, was banned for a year and eight months by the world governing body for his involvement in the sport's biggest match-fixing scandal but given an additional 10-month ban by the CBSA. Lu Ning had his ban increased to eight years, Bai Langning to four years, and Zhang Jiankang to four years and five months. A total of 10 players were banned for offences including fixing and betting on matches, persuading or encouraging other players to cheat, and manipulating games. Reporting by Hritika Sharma in Hyderabad;Editing by Peter RutherfordOur Standards: The Thomson Reuters Trust Principles.

Persons: Liang Wenbo, Li Hang, Yan Bingtao, Zhao Xintong, Lu Ning, Bai Langning, Zhang Jiankang, Hritika Sharma, Peter Rutherford Organizations: Snooker Association, Thomson Locations: Hyderabad

WHAT IS THE COMMON FRAMEWORK? The Common Framework requires debtor countries to secure restructuring assurances from any bilateral lenders first and commercial and multilateral lenders second - to Beijing's dismay. "We call on multilateral financial institutions and commercial lenders, who are the main creditors for developing countries, to participate in developing countries' debt relief efforts," Mao said. In Paris, analysts expect China to continue to voice support for the Common Framework but for debt relief to be dispensed "case-by-case". The last time global policymakers met to discuss the Common Framework in Washington, China proposed the IMF should speed up and improve information sharing on debt sustainability analyses.

Persons: Li Qiang, acceding, Yi Gang, Mao Ning, Mao, Qin Gang, Sri, Wang Wenbin, Joe Cash, Ryan Woo, Shri Navaratnam Organizations: Paris Club, International Monetary Fund, Bank, IMF, World Bank, Foreign Ministry, China's, France, Thomson Locations: Paris, China, Zambia, Chad, Ethiopia, Ghana, United States, U.S, Beijing, Washington, CHINA, Addis Ababa, Japan, India, France, Sri Lanka's

☆ Beijing reacts to Biden's 'dictator' comment on Xi
▼ + stars: | 2023-06-21 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBeijing reacts to Biden's 'dictator' comment on XiPostedU.S president Joe Biden calling Chinese president a "dictator" seriously violated China's political dignity and amounted to public political provocation, China's foreign ministry spokesperson Mao Ning said on Wednesday (June 21).

Persons: Biden's, Joe Biden, Mao Ning Locations: Beijing

☆ It's not just spy bases in Cuba, China could be sending troops right to Florida's doorstep: WSJ
▼ + stars: | 2023-06-21 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +4 min

China is planning a new joint military training facility in Cuba, per The Wall Street Journal. At 100 miles off Florida's coast, the facility would put China's troops at Florida's doorstep. Intelligence officials told the Journal China's move is a likely response to US's involvement in Taiwan. The officials told the Journal that the facility could allow China to "house troops permanently on the island" and "broaden its intelligence gathering" against the US. The new facility in Cuba would be just 100 miles off Florida's coast, and effectively allow China to station troops right at the Sunshine State's doorstep.

Persons: —, Mao Ning, Mao, Biden, Miguel Díaz, Xi Jinping, H.R Organizations: Street, Service, Privacy, China, US, White, Foreign Ministry, Intelligence, Associated Press, Cuban, Trump, McMaster, CBS, State Department Locations: China, Cuba, Taiwan, Cuban, Florida, Havana, South, Russia

☆ Biden labels Chinese President Xi a dictator
▼ + stars: | 2023-06-21 | by ( Clement Tan | ) www.cnbc.com time to read: +1 min

U. S. President Joe Biden calls Chinese President Xi Jinping a dictator in comments on Tuesday at a California fundraiser for his re-election campaign. U.S. President Joe Biden referred to Chinese President Xi Jinping as a dictator in comments underscoring the tricky balance of managing ties with an assertive global rival while appealing to domestic audiences as he seeks re-election. Biden's comment at a Tuesday fundraiser comes just a day after Secretary of State Antony Blinken wrapped up his first official visit to Beijing. China's Ministry of Foreign Affairs could not be immediately reached for comment when contacted by CNBC. In the ministry's regular press conference Wednesday, spokesperson Mao Ning said Biden's comment seriously violated China's political dignity and amounted to public political provocation, according to a Reuters report.

Persons: Joe Biden, Xi Jinping, Antony Blinken, —, Biden, Mao Ning Organizations: China's Ministry of Foreign Affairs, CNBC Locations: California, Beijing, China, South Carolina, Kentfield , California

New rules imposed in February force infant formula makers to invest heavily to re-make, test, certify and re-register their products for China, before potentially conducting new marketing campaigns. “The new standard requires higher product quality as well as stronger manufacturing techniques which are expected to eliminate many small-to-medium-size players,” said Quinn Mai, analyst at Euromonitor International, which estimates China’s infant formula market will fall 12.5% to $21 billion by 2025 due to shrinking demand. China's National Health Commission (NHC) cited infant safety when announcing the latest rules. Celia Ning, director at the nutrition research institute of formula maker Junlebao, said the registration process could "easily" take a year. Another, Fonterra (FCG.NZ), said it was progressing through the re-registration process but that infant formula made up a relatively small part of its China business, with declining birth rates and regulation driving industry consolidation.

Persons: ”, Quinn Mai, Jane Li, Li, Celia Ning, Junlebao, Ning, SAMR, Nestle, Marius Zaharia Organizations: Euromonitor, Health Commission, NHC, State Administration, Market, “, Unicef, Companies, Abbott Laboratories, Reuters, New Zealand's Ministry, Primary Industries, Milk, Global, Nestle, Danone, HK, “ Companies, Thomson Locations: HONG KONG, China, Auckland, “ Beijing, India, U.S, Hong Kong, Beijing, Lincoln

☆ Chinese snooker players banned for life for match-fixing, eight others suspended
▼ + stars: | 2023-06-07 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +4 min

CNN —Two professional Chinese snooker players have been banned for life and eight others suspended after being found guilty of match-fixing and other charges, the sport’s governing body has announced. Traditionally snooker was dominated by players from the United Kingdom, but in recent years has seen an influx of Chinese talent, with the sport soaring in popularity there. Liang was the first Chinese player to be suspended in connection with the investigation in October. The remaining players either joined in with match fixing or made illegal bets themselves. If any player is involved in fixing a snooker match, they will be caught and will face severe penalties,” he added.

Persons: Liang Wenbo, Li Hang, Zhao Xintong, Yan Bingtao –, –, Lu Ning, Zhao Jianbo, Chang Bingyu, Bai Langning, Chen Zifan, Zhang Jiangkang, Liang, Li, ”, Jason Ferguson, ” “ Organizations: CNN, Snooker Association, Integrity Association Locations: China, United Kingdom

☆ India and China are kicking out each others' journalists in latest strain on ties
▼ + stars: | 2023-06-06 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +8 min

Visa spatOn Sunday, Xinhua published a first-person account from Hu Xiaoming, the state agency’s New Delhi bureau chief since 2017, describing the “torment” of Chinese reporters’ “visa hassle” in India. A spokesperson for India’s Ministry of External Affairs on Friday declined to comment on the number of Chinese journalists in the country when asked in a regular briefing. “All foreign journalists, including Chinese journalists, have been pursuing journalist activities in India, without any limitations or difficulties in reporting,” spokesperson Arindam Bagchi said. Bagchi did not confirm that any Indian reporters had lost accreditation in China, but said such reporters had faced difficulties doing their jobs there. Because Chinese reporters are working for state media outlets, New Delhi is also likely looking at them as “state actors,” according to Kewalramani.

Persons: Mao Ning, It’s, Hu Xiaoming, ”, ’, Hu, Arindam Bagchi, Bagchi, Ananth Krishnan, Anshuman Mishra, Narendra Modi’s, “, Manoj Kewalramani, Modi, Xi Jinping, Kewalramani Organizations: Hong Kong CNN —, Beijing, CNN, Foreign, Washington, Visa, Xinhua, India’s Ministry, Affairs, Ministry, Prasar, Foreign Ministry, BBC, Takshashila, Huawei, Shanghai Cooperation Organization – Locations: Hong Kong, Hong Kong CNN — India, China, New Delhi, Beijing, India, Aksai Chin, Ladakh, Delhi, India China, Mumbai, British, Bengaluru, If, United States, Japan, US, Australia, Jammu, Kashmir, Pakistan

HONG KONG/TAIPEI, June 4 (Reuters) - Hong Kong police said on Sunday they had detained eight people near a park, four of them for "seditious intention and disorderly conduct", as authorities tightened security on the 34th anniversary of the 1989 Tiananmen Square crackdown. Restrictions in Hong Kong have stifled what were once the biggest vigils marking the bloody crackdown by Chinese troops on pro-democracy demonstrators, leaving cities like London, New York, Berlin and Taipei to keep alive the memory on the June 4 anniversary. The eight people were detained near Victoria Park, where for years after 1989 democracy activists gathered on the Tiananmen Square anniversary. Security is significantly tighter across Hong Kong this year, with up to 6,000 police officers deployed, including riot and anti-terrorism officers, the public broadcaster said. Jailed Hong Kong activist Chow Hang-tung, one of the leaders of a group called The Alliance, which used to organise Hong Kong's annual June 4 vigils before it was disbanded in 2021, said on Facebook she would hold a 34-hour hunger strike in prison.

Persons: Sanmu Chan, Hongkongers don’t, Hong, Chow, Mao Ning, William Lai, James Pomfret, Robert Birsel Organizations: Hong Kong, Reuters, Police, The, Hong, Facebook, Foreign, Democratic Progressive, Thomson Locations: HONG KONG, TAIPEI, Hong, Hong Kong, London , New York, Berlin, Taipei, North America, Europe, Asia, Victoria Park, China, Beijing, Taiwan

HONG KONG/TAIPEI, June 4 (Reuters) - Hong Kong police searched and detained scores of people on Sunday, including four arrested for "seditious" intent, as authorities tightened security for the 34th anniversary of the 1989 Tiananmen Square crackdown. [1/6] Police detain a woman with paper flowers in downtown on the 34th anniversary of the 1989 Beijing's Tiananmen Square crackdown, near where the candlelight vigil is usually held, in Hong Kong, China June 4, 2023. 'CLEAR CONCLUSION'Despite the warnings in Hong Kong, some individuals, including book shop owners, have been quietly marking June 4. Peggy Kwan, 57, an interpreter at the event, expressed sadness at the stifling of commemorations in Hong Kong. "Hong Kong is moving backward," she said.

Persons: Alexandra Wong, Chris, Tyrone Siu, Hong, Chow, Mao Ning, Peggy Kwan, William Lai, Yew Lun Tian, Joyce Zhou, Angie Teo, James Redmayne, James Pomfret, Robert Birsel, Nick Macfie Organizations: Hong Kong, Britain, Police, REUTERS, New, Rights, The, Facebook, Foreign, Taiwan, Democratic Progressive, Town, Thomson Locations: HONG KONG, TAIPEI, Hong, Hong Kong, Taipei, London , New York, Berlin, Victoria, China, Kong, Beijing, Tiananmen, New York, Taiwan, Sydney, North America, Europe, Asia

☆ Kosovo tensions: Why did ethnic Serbs attack NATO peacekeepers?
▼ + stars: | 2023-05-30 | by ( Christian Edwards | ) edition.cnn.com time to read: +8 min

CNN —Dozens of NATO peacekeepers were injured after they were attacked by ethnic Serbs in northern Kosovo, during protests over the installation of ethnically Albanian mayors. More than a decade on, these municipalities have not been created, leaving disputes over the degree of autonomy for Kosovo’s Serbs to fester. Valdrin Xhemaj/ReutersFearing potential violence, Kosovo’s central election commission changed plans to put voting booths in local schools, instead setting up mobile huts patrolled by NATO peacekeepers. Of these, more than 16,000 are ethnic Serbs – with only around 500 ethnic Albanians. The peacekeeping mission said that it had increased its presence in northern Kosovo after the newly elected ethnically Albanian mayors took office in majority Kosovo Serb areas.

☆ China urges U.S. to meet it halfway, bring ties back on track
▼ + stars: | 2023-05-22 | by ( ) www.reuters.com time to read: 1 min

BEIJING, May 22 (Reuters) - China's foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and bring bilateral relations back on track. Mao Ning, a ministry spokesperson, made the remarks in response to U.S. President Joe Biden suggesting that a shift in U.S.-China relations could occur soon. Reporting by Beijing Newsroom; Editing by Toby ChopraOur Standards: The Thomson Reuters Trust Principles.

☆ California's cannabis firms band together to address credit woes
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +1 min

May 16 (Reuters) - A coalition of cannabis firms, representing about 45% sales volume in California, on Tuesday started an effort to address credit issues that have plagued the state's legal cannabis market. Cannabis operators including Kiva Sales & Service, Lowell Farms, Nabis, Sunderstorm launched Financial Stability for California Cannabis (FSCC) and issued a public letter in support of Assembly Bill 766. The bill, dubbed "The Cannabis Credit Protection Act", seeks to establish regulatory safeguards around cannabis sales made on credit. Most U.S. banks do not service cannabis companies as marijuana remains federally illegal, despite several states like California legalizing its medicinal and recreational use, leaving the industry largely cash-based and capital-limited. The lack of capital means that the cannabis sales across the supply chain are largely made on credit terms with license holders agreeing to pay for goods and services at a specified later date.

☆ We may never know where the COVID pandemic originated
▼ + stars: | 2023-05-16 | by ( ) www.reuters.com time to read: +7 min

LONDONIt’s the enduring mystery of the COVID-19 pandemic: Where did the virus come from? They also mostly agree that many of the earliest known infections and deaths clustered around a wildlife market in Wuhan, China. Others suspect the pathogen somehow leaked from a Wuhan laboratory, 27 km from the market, where researchers study bat viruses. One concentration of jump zones includes a region of mountains and lakes about 175 km southeast of the Wuhan market. In late 2002, the SARS-CoV-1 virus emerged in Guangdong province, in southern China, and became the SARS pandemic of 2003.

Some Chinatown residents benefited from the development boom, selling properties to developers or drawing more customers from increased foot traffic. Some residents have shown tentative support for the luxury buildings, saying they might make the neighborhood safer or bring in wealthier Asian residents who could boost Chinatown's economy. Manhattan Chinatown's housing stock is "really aged," which has led to costly fires, according to Thomas Yu, executive director of Asian Americans for Equality. Chinatowns and the pandemicMany debates surrounding luxury development and affordable housing were accelerated by the pandemic, which shuttered hundreds of businesses across Chinatowns. However, business owners who spoke with CNBC said Chinatown's businesses, though still recovering, are keeping the city's culture alive.

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