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☆ WTA to resume tournaments in China this year, end boycott over Peng allegations
▼ + stars: | 2023-04-13 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +4 min

[1/2] Tennis - China Open Women's Singles First Round - Beijing, China - 03/10/16. Peng then briefly disappeared from public view and later denied making the accusation, sparking fears for her safety. "For these reasons, the WTA is lifting its suspension of the operation of tournaments in the People's Republic of China and will resume tournaments in China this September." PENG SAFE IN BEIJING"The WTA's decision is a huge disappointment to the Chinese human rights community," Yaqiu Wang, senior China researcher at Human Rights Watch, told Reuters. "We also have received assurances that WTA players and staff operating in China will be safe and protected while in the country.

☆ WTA set to return to China in September despite uncertainty over Peng Shuai’s situation
▼ + stars: | 2023-04-13 | by ( Wayne Sterling | ) edition.cnn.com time to read: +3 min

CNN —The Women’s Tennis Association (WTA) announced Thursday that it will return to hosting tournaments in China in the fall after suspending all events in the country in 2021 due to the uncertainty over tennis player Peng Shuai’s safety. Human Rights Watch called the WTA’s decision to return to China a “huge disappointment,” but “not surprising.”“International businesses need to work together to do the right thing,” said Yaqiu Wang, senior China Researcher at Human Rights Watch. “It’s hard to challenge the Chinese government alone, but if businesses band together to address China’s flouting of human rights, the power balance can shift. “After all, sports organizations and companies all want to operate in an environment where the human rights of their players, employees, and consumers are protected and there is rule of law. “The road to expose the Chinese government’s human rights abuses and hold it accountable is difficult and often incurs a cost, and it’s not a straight road.”

[1/2] Sophie Luo Shengchun, the wife of jailed Chinese human rights lawyer, Ding Jiaxi, poses with a photo of him at her home in Alfred, New York, U.S., July 28, 2022. REUTERS/Brendan McDermidBEIJING, April 10 (Reuters) - A Chinese court sentenced two prominent human rights lawyers on Monday to jail terms of more than a decade each, a relative and rights groups told Reuters, the latest move in a years-long crackdown on civil society by President Xi Jinping. "I will not let them put Ding Jiaxi and Xu Zhiyong in jail so easily." Hundreds of rights lawyers were detained and dozens jailed in a series of arrests commonly known as "709" cases, referring to a crackdown on July 9, 2015. China rejects criticism of its human rights record, saying it is a country with rule of law and that jailed rights lawyers and activists are criminals who have broken the law.

☆ ITF says World Tennis Tour events will return to China this year
▼ + stars: | 2023-04-03 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

BENGALURU, April 3 (Reuters) - The International Tennis Federation (ITF) will conduct its World Tennis Tour tournaments in China this year, marking a return to the Asian nation after a gap of three years due to the COVID-19 pandemic, the sport's global governing body said on Monday. "We think it's important that the World Tennis Tour and international events take place in all the nations around the world," ITF President David Haggerty told Reuters in a video interview in February. In the last full season in 2019 before the pandemic, China had hosted 25 ITF women's and 15 men's events. World Tennis Tour events are professional tournaments below the elite level. The tour will also stage the first ever World Tennis Tour event in Ethiopia and the first in Burundi and Cyprus since 2013 and 2016, respectively.

[1/2] Goldman Sachs CEO David Solomon speaks during the Goldman Sachs Investor Day at Goldman Sachs Headquarters in New York City, U.S., February 28, 2023. REUTERS/Brendan McDermidHONG KONG/SHANGHAI, March 31 (Reuters) - A flurry of top financial executives have visited China for the first time since the COVID-19 pandemic as global financial giants seek to cement their relations with Beijing at the start of President Xi Jinping's new term. International financial institutions and investors are welcome to expand in China, the chairman of the country's securities regulator said. Goldman Sachs' Solomon and Blackstone (BX.N) CEO Stephen Schwarzman met Peng Chun, chairman of China Investment Corporation (CIC), this week, according to official social media posts from the $1.35 trillion sovereign wealth fund. Meanwhile, Chip Kaye, Warburg Pincus's CEO, met Beijing's major Yin Yong during his visit to the city last week, according to a municipal statement from Beijing.

☆ China capital Beijing experiences first population decline since 2003
▼ + stars: | 2023-03-22 | by ( ) www.reuters.com time to read: +2 min

Beijing's population decline was in line with national trends, with China's population falling last year for the first time in six decades, weighed down by rising living costs especially in big, sprawling cities like Beijing, weak economic growth, and changing attitudes towards raising a family. "These figures are expected, especially for Beijing," said Xiujian Peng, senior research fellow at the Centre of Policy Studies at Victoria University in Australia. The birth rates in Beijing and other cities and provinces are calculated based on the permanent residents not including migrant population, she said. Beijing's natural population growth was minus 0.05 per 1,000 people last year. China's birth rate last year was 6.77 births per 1,000 people, the lowest on record, while the country's death rate, the highest since 1974, was 7.37 deaths per 1,000 people.

Investors know the event risk so they tighten controls, and are generally more cautious. Calendar event risk, or 'known unknowns,' may unleash market volatility, but investors can hedge or sit on the sidelines. chartNominal trading volumes in these contracts often spikes up on 'event days' like U.S. jobs and inflation data days. However, as a share of overall options turnover - which Cheng says is a better indication of potential market risk - many of the recent peaks have been on random 'non-event' days. chartHe and his colleagues estimate that the daily notional value of trading in '0DTE' options has grown to about $1 trillion.

☆ Time and money for love: China brainstorms ways to boost birth rate
▼ + stars: | 2023-03-15 | by ( Farah Master | ) www.reuters.com time to read: +3 min

China dug itself into a demographic hole largely through its one-child policy imposed between 1980 and 2015. Young people cite high childcare and education costs, low incomes, a feeble social safety net and gender inequalities, as discouraging factors. "But without any fertility encouragement policy then fertility will decline even further." China's birth rate last year fell to 6.77 births per 1,000 people, from 7.52 births in 2021, the lowest on record. Demographer Yi Fuxian remains sceptical whether any measures would have a significant impact by themselves, saying China needed a "paradigm revolution of its entire economy, society, politics and diplomacy to boost fertility."

☆ 0DTE options could turn 5% intraday market decline into 25% rout -JPMorgan
▼ + stars: | 2023-03-06 | by ( ) www.reuters.com time to read: +2 min

March 6 (Reuters) - Trading in new near-dated U.S. options contracts can supercharge volatility in U.S. stocks, potentially leading to tremendous intraday declines, analysts at JPMorgan said. The U.S. equity options market has seen a rise in the trading of options contracts set to expire at the end of the trading day - dubbed 0DTE (zero day to expiry) options - with their daily notional value rising to about $1 trillion, according to JPMorgan data. Their recent growth has been eyed as one cause of intraday volatility, with JPMorgan's Marko Kolanovic last month warning they could spark a massive volatility event under certain circumstances. Such a scenario could occur if the S&P 500 fell 5% in five minutes, triggering $30.5 billion in 0DTE option-related trading that would tack another 20 percentage points onto the index's decline, the bank’s analysts said. Furthermore, JPM noted that retail traders were not the main driver of volume growth in 0DTE options, with individual investors accounting for about 20% of the SPDR S&P 500 ETF Trust (SPY.P) options volume and only around 5% of the S&P 500 same-day options.

BATU PAHAT, Malaysia, March 4 (Reuters) - Flooding resulting from days of torrential rain has forced almost 40,000 people to flee their homes in Malaysia's southern Johor state, bordering Singapore, and at least four people have died during the past week, officials said on Saturday. Authorities have set up more than 200 relief shelters for people displaced by the floods, the national disaster management agency said. Floods in Malaysia are common during the annual monsoon season between October and March, but the downpour this week left many Johor residents scrambling to find shelter. While Johor was worst-hit, there was flooding in other states too that displaced hundreds of people. The meteorological department warned of more rain in coming days, mostly in the southern states.

☆ Kenyan traders protest against Chinese competitor's cheap prices
▼ + stars: | 2023-02-28 | by ( Duncan Miriri | ) www.reuters.com time to read: +2 min

NAIROBI, Feb 28 (Reuters) - More than a thousand Kenyan traders protested in the capital Nairobi on Tuesday against a new Chinese-owned retail shop they accuse of undercutting them with ultra-low prices. Traders in Kenya and other rapidly growing economies in Africa have protested periodically against their Chinese competitors. China is Africa's top trading partner and more than 1 million Chinese are estimated to reside on the continent. Kenya's relationship with China was in focus during last year's presidential election, won by William Ruto. The Kenyan traders have been angered by a newly opened China Square retail shop on the outskirts of Nairobi, whose prices for everyday goods like curtains imported from China are on average 50% cheaper than those brought in by local traders.

[1/7] Farmer Wang Zhanling sits next to his wife in their house in Quansheng village, Heilongjiang Province, China, February 8, 2023. The state-run Chinese Academy of Sciences sees the pension system running out of money by 2035. "If the pension system does not change, this is unsustainable," said Xiujian Peng, senior research fellow in the Centre of Policy Studies at Victoria University in Australia. The province has the lowest birth rate in China, with just over 100,000 births in 2021 and 460,000 deaths. Many experts, including Macquarie's chief China economist Larry Hu, suggest implementing a unified national pension system, backstopped by the more resourceful central government rather than cash-strapped local administrations.

☆ Swiatek says WTA must grow and continue push for pay equality
▼ + stars: | 2023-02-22 | by ( ) www.reuters.com time to read: +2 min

WTA Tour events, however, still often offer less prize money than those on the men's tour which operates its own circuit. "For sure, I'd like to see the WTA expanding business-wise, getting more popular, cutting the difference between WTA and ATP in terms of prize money and attracting fans," Swiatek told reporters in Dubai. There's something you can find in women's tennis that you're not going to find on the ATP," Swiatek said. American Jessica Pegula, the world number three and a member of the WTA player council, echoed Swiatek. "I hope we can keep pushing for equal prize money at all events, being on TV more," Pegula said.

☆ China has to figure out how to care for 400 million people over the age of 60 by 2040 — and it's off to a rocky start
▼ + stars: | 2023-02-20 | by ( Matthew Loh | ) www.businessinsider.com time to read: +11 min

By 2040, it's expected to have 400 million people above the age of 60 — more people than in the entire US. "It's obvious that relying on contributions from medical insurance schemes to fund age care services is not likely to be viable in the longer term," she said. Alzheimer's is quickly rising as a concern in China, Luk said. "Is China aging rapidly? Beijing has been pressuring the private sector into building daycare centers, wards, and other age care infrastructure to shore up gaps in local government finances, Gu said.

☆ Sending a spy balloon was a 'clumsy' move by China that 'put a missile' through an already bad situation with the US, foreign policy expert says
▼ + stars: | 2023-02-10 | by ( Natalie Musumeci | ) www.businessinsider.com time to read: +5 min

The Chinese spy balloon "put a missile" through an already strained relationship with the US, an expert said. The balloon incident also torpedoed US Secretary of State Antony Blinken's high-stakes trip to China. The Chinese balloon was an "incredibly clumsy gesture" on Beijing's part and it "deprived us of a very important moment to arrest the downward spiral," Schell said. And though Beijing has admitted that the downed balloon belonged to China, it has insisted it was a weather balloon that blew off course. Glaser added that it is also not in the US' interests "to completely rupture" its relationship with China.

October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years. October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years. Zhang Guocheng, 91 Zhao Zisen, 90, developed China’s first practical optical fiber Tang Hongxiao, 91 The obituaries began accumulating. October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years. October 2022 Wang Linfang,92, molecular biologist Four members of China’s two most prestigious academic institutions died in October – in line with the average in recent years.

☆ Inside the private meeting at Jack Ma's apartment where he plotted to take on Silicon Valley with a trusted 'ragtag bunch' of early employees
▼ + stars: | 2023-01-24 | by ( Brian A. Wong | ) www.businessinsider.com time to read: +8 min

In one apartment, Jack, Lucy Peng, and a few other leaders worked alongside the firm's engineers. Everyone's enthusiasm flowed from their strong identification with the company's mission and Jack's vision, and if it was part of our mission, all believed, it was certainly achievable. In fact, in time, I would grow to better understand and more deeply embrace Alibaba's mission, vision, and values and the way they motivated our people. That's what Savio Kwan, Alibaba's first COO, did, codifying Jack's ideas into our company mission, vision, and values. Their efforts would form the basis of Alibaba's core mission, vision, and values statement— the guiding force or beliefs for Alibaba's development then and now.

☆ Inside Ken Griffin's rise to one of Wall Street's most powerful people, and why politics could be next
▼ + stars: | 2023-01-23 | by ( Dakin Campbell | ) www.businessinsider.com time to read: +30 min

JB and I are not on speaking terms these days," said Ken Griffin, the billionaire hedge-fund manager, referring to JB Pritzker, the Democratic governor of Illinois. As Florida rolled back pandemic restrictions more quickly than Chicago, even more Citadel employees migrated south. Ken Griffin's hedge fund has had a run of eye-popping returns since 2020. Others worry that it gives Griffin's hedge fund an unfair advantage. Hundreds of Citadel employees, partners, and families gathered at the Orange County Convention Center in Orlando Florida.

☆ Zhang wishes WTA could return to China
▼ + stars: | 2023-01-21 | by ( Ian Ransom | ) www.reuters.com time to read: +2 min

MELBOURNE, Jan 21 (Reuters) - Chinese number one Zhang Shuai hopes the WTA tour can return to her country this season as it opens up after abandoning the "zero-COVID" policy but said the Peng Shuai issue was out of her control. Former WTA player Peng accused a senior Chinese government official of sexual assault in 2021 in a post on social media that was soon removed from the country's internet. Peng's post caused an international outcry over her safety and led the WTA to suspend tournaments in China - a decision expected to cost the women's tour hundreds of millions of dollars in broadcasting and sponsorship. The WTA has said a return to China would require a resolution to the Peng situation and its 2023 tour calendar lists events only up to the U.S. Open, with no clarity on tournaments to be held in China. read moreAsked whether Peng should meet with the WTA as a step to resolving the impasse, Zhang declined to offer a view.

☆ Hedge funds that punted early on China recovery reaped the rewards
▼ + stars: | 2023-01-19 | by ( Summer Zhen | ) www.reuters.com time to read: +4 min

The hedge funds that used that as a buying opportunity profited, with tourism and consumption stocks quickly rebounding after Beijing adopted a more targeted COVID-19 policies and reduced quarantines following widespread anti-lockdown protests. The MSCI China index rose by 36% over November and December, even as a surge in case numbers cast doubt over the economic recovery in the short term. The strategy, managed by chief investment officer Peng She, made a 20% net return in 2022. For 2023, hedge fund managers said they were even more bullish about China, expecting traditional valuation metrics to return to focus after a year driven by macro events. Reporting by Summer Zhen; Editing by Vidya Ranganathan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

☆ Oil mixed amid weak China economic data, sustained hopes for 2023
▼ + stars: | 2023-01-17 | by ( ) www.cnbc.com time to read: +2 min

An aerial view of Phillips 66 oil refinery in the United States. There was no settlement on Monday due to the United States having a holiday for Martin Luther King Day. The poor economic data still beat analysts' earlier forecasts as Beijing's roll back of its zero-Covid policy in December shored up consumption. But Peng warned that China still faced considerable headwinds, including likely recessions in the United States and Europe this year. A rise in the dollar off seven-month lows also put pressure on oil prices, as a stronger greenback makes oil more expensive for those holding other currencies.

Shifts in tones at big banks suggest they are warming up to Chinese equities, especially as the strong returns so far and the fear of missing out on more gains start to apply pressure. "This is still a long path and we remain very bullish on Chinese equities ...and also the currency," he said. "When the market goes up, naturally that will attract international investors to look at China again," said Nicholas Yeo, head of China equities at abrdn. Foreign investors bought a net 41 billion yuan ($6.06 billion) of China stocks via the China-Hong Kong Stock Connect Scheme so far this year, compared with 90 billion yuan of China stocks bought in all of 2022. They bought a net 35 billion yuan of China stocks in December.

☆ Tesla is among the stocks that retail traders just dumped en masse
▼ + stars: | 2023-01-05 | by ( Michelle Fox | ) www.cnbc.com time to read: +2 min

Retail traders unloaded $3.1 billion in assets this past week, making it the third worst week of net selling in history, according to JPMorgan. Overall, retail traders dumped $4.1 billion in single stocks. Tesla was hit particularly hard, with retail traders selling $811 million of the stock. Retail traders embraced the electric vehicle maker throughout the volatile year. However, some Wall Street analysts have pointed to his takeover of Twitter and his sale of 22 million Tesla shares as problematic for the stock.

[1/3] Philippines' President Ferdinand "Bongbong" Marcos Jr. and First Lady Liza Araneta Marcos are photographed with China President Xi Jinping and his wife Peng Li Yuan during a welcoming ceremony at the Great Hall of the People in Beijing, China, January 4, 2023. Office of the Press Secretary/Handout via REUTERSSummary Philippines, China sign 14 bilateral dealsXi pledged solution on plight of Filipino fishers -MarcosChina promised cooperation, investmentBEIJING/MANILA Jan 4 (Reuters) - China is ready to resume oil and gas talks and manage maritime issues "cordially" with the Philippines, China President Xi Jinping said on Wednesday, according to Chinese state television. Xi was speaking to his Philippines counterpart Ferdinand Marcos Jr, who was on a three-day visit to Beijing. The Philippines had previously raised concerns over reported Chinese construction activities and the "swarming" of Beijing's vessels in disputed waters of the South China Sea. While the Philippines is a defence ally of the United States, under previous leader Rodrigo Duterte it set aside a territorial spat over the South China Sea in exchange for Chinese investment.

☆ WTA says return to China will require resolution to Peng case
▼ + stars: | 2023-01-04 | by ( Shrivathsa Sridhar | ) www.reuters.com time to read: +2 min

Peng had accused Chinese former Vice-Premier Zhang Gaoli of sexual assault in 2021 in a post on social media that was soon removed from the country's internet. "There has not been any change in the WTA position on a return to China and we have only confirmed our 2023 calendar through U.S. Open," the WTA said in a statement. The WTA said it had received confirmation Peng was safe and comfortable but were yet to meet with her personally. "We continue to hold firm on our position and our thoughts remain with Peng," the statement added. In July last year, men's governing body ATP had cancelled its events in China due to the COVID-19 crisis in the country.

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