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☆ Biden says China's Xi 'has his hands full'
▼ + stars: | 2023-09-10 | by ( Reuters Editorial | ) www.reuters.com time to read: 1 min

PoliticsBiden says China's Xi 'has his hands full'PostedU.S. President Joe Biden on Sunday (September 10) said Chinese President Xi Jinping 'has his hands full' with that country's current economic slowdown and rising unemployment.

Persons: Biden, China's Xi, Joe Biden, Xi Jinping Organizations: Sunday

☆ North Korea marks founding day with parade, diplomatic exchanges
▼ + stars: | 2023-09-09 | by ( ) www.reuters.com time to read: +2 min

[1/4] North Korean leader Kim Jong Un gestures as the civil defense military parade commemorating the 75th anniversary of the founding of the Democratic People's Republic of Korea is held in Pyongyang, September 8, 2023. KCNA via REUTERS Acquire Licensing RightsSEOUL, Sept 9 (Reuters) - North Korean leader Kim Jong Un marked the country's founding anniversary with a parade of paramilitary groups and diplomatic exchanges in which he vowed to deepen ties with China and Russia. Kim observed the parade at Kim Il Sung Square in Pyongyang and held talks with a visiting Chinese delegation, state media KCNA reported on Saturday. "Most stakeholders in the region want to avoid a new Cold War, but this looks increasingly difficult as Beijing and Moscow prop up Pyongyang and North Korea aligns itself with China and Russia's challenges to the international order." North Korea supplements its already large military with various paramilitary, reserve, and security groups such as the army-affiliated Worker-Peasant Red Guards (WPRG).

Persons: Kim Jong, Kim, Kim Il, Xi Jinping, Vladimir Putin, Xi, Leif, Eric Easley, China's Xi, Russia's Putin, Putin, Jihoon Lee, Josh Smith, Sandra Maler, Stephen Coates, Michael Perry Organizations: Democratic People's, KCNA, REUTERS Acquire, Rights, Ewha University, Guards, Thomson Locations: Democratic People's Republic, Korea, Pyongyang, Rights SEOUL, China, Russia, Northeast Asia, North Korea, India, Seoul, Beijing, Moscow, New Delhi, Ukraine

☆ Take Five: Doves versus hawks
▼ + stars: | 2023-09-08 | by ( ) www.reuters.com time to read: +5 min

Key UK jobs data and a G20 summit, marked by the absence of China's Xi Jinping, are also in focus. The doves urge caution; the most hawkish hawks say a pause is not a done deal, but haven't explicitly called for a hike either. Wednesday's August U.S. inflation data, followed by producer price and retail sales numbers a day later, are the next test. Next up are consumer and factory price data this weekend, with industrial output and retail sales out on the 15th. The unemployment rate has been edging above last year's 48-year low, indicating some softening in the jobs market, while basic earnings are rising at record pace.

Persons: Andrew Kelly, China's Xi, Ira Iosebashvili, Kevin Buckland, Li Gu, Amanda Cooper, Ahmad Ghaddar, haven't, Goldman Sachs, Xi Jinping, He's, BoE Governor Andrew Bailey, BoE, RUSH Brent, Dhara, Philippa Fletcher Organizations: Financial, of, REUTERS, European Central Bank, United States, Key, Yoruk Bahceli, ECB, Reuters, Huawei, SMIC, West, Bank of England, Thomson Locations: of Manhattan , New York City, U.S, Yoruk, Amsterdam, New York, Tokyo, Shanghai, London, China, United States, Washington, Beijing, India, Britain, Saudi Arabia, Russia, Iran, Venezuela, Libya

☆ Analysis: China's Xi Jinping skipping G20 may be part of his plan to reshape global governance
▼ + stars: | 2023-09-08 | by ( Nectar Gan | ) edition.cnn.com time to read: +8 min

Since its first leaders’ summit in 2008, China’s top leader has always attended the gathering – including by video link during the Covid pandemic. Now, “China sees the G20 space as increasingly oriented toward the US and its agenda, which Xi Jinping regards as hostile to China,” Werner said. Alternative governance structureXi last attended the G20 summit in Bali, Indonesia, in November last year, when he emerged from China’s Covid isolation and declared his return to the world stage. All the while, Xi has only made two trips abroad this year – and both are central to his attempt to reshape the global world order. Next month, the Chinese leader is expected to host the Belt and Road Forum to mark the 10th anniversary of his global infrastructure and trade initiative – a key element in Beijing’s new global governance structure.

Persons: Jinping, Premier Li Qiang, Beijing’s reticence, Xi, ”, George Magnus, I’m, I’ve, Jake Werner, ” Werner, Biden, Werner, Happymon Jacob, China’s, Shi Yinhong, Joe Biden –, Antony Blinken, Vladimir Putin –, Magnus, they’re, ” Magnus, –, “ It’s Organizations: Hong Kong CNN, Premier, China Center, Oxford University, “, Quincy Institute in, Quincy Institute in Washington DC, Pacific NATO, ”, India, New, Jawaharlal Nehru University, Divisions, Renmin University, EU, Beijing, Global Security Initiative, Global Development Initiative, Civilization Initiative, Forum, Shanghai Cooperation Organization – Locations: Hong Kong, New Delhi, China, Xi’s, India, United States, Quincy Institute in Washington, Beijing, New, Washington, Pacific, Ukraine, Moscow, Bali , Indonesia, Germany, France, Brazil, Indonesia, Johannesburg, South Africa, BRICS

☆ India's policy contradictions are making it harder for investors to crack its market
▼ + stars: | 2023-09-08 | by ( Clement Tan | ) www.cnbc.com time to read: +8 min

At a time when shifting geopolitical alliances are elevating India's strategic importance, such curbs add to the contradictions global investors have to negotiate as they hunt for viable alternatives to a slowing China. They said the move will add to end-product costs for foreign vendors and shift consumer spending toward Indian firms or established foreign vendors with a manufacturing base in India. To attract foreign investors, Modi's government doubled to 170 billion rupees ($2.04 billion) its initial budget in May for a production-linked incentive scheme for IT hardware that was approved in 2021. watch now"India's large and growing domestic market, limited political instability and long-term policy continuity bolsters India's appeal to investors," Dasgupta said. Attracted by such lofty projections, global investors have also poured into Indian equity markets this year.

Persons: Javier Ghersi, Narendra Modi's, There's, Pravin Krishna Johns, it's, Pravin Krishna, Krishna, Rajeev Chandrasekhar, Taiwan's Foxconn, iPhones, Sumedha Dasgupta, Dasgupta, Modi, Goldman Sachs, — Organizations: Apple, Samsung, Dell, Pravin Krishna Johns Hopkins University's School, Johns Hopkins University's School, International, BMI Industry Research, South, BMI, Sumedha Dasgupta Economist Intelligence, Economist Intelligence Unit, CNBC, Bharatiya Janata Party, U.S, The, Monetary Fund, Capital Locations: India, China, Russia, Ukraine, Vietnam

☆ Opinion: The ‘rising superpower’ myth about China
▼ + stars: | 2023-09-07 | by ( Opinion Peter Bergen | Joel Rayburn | ) edition.cnn.com time to read: +12 min

He was the US Special Envoy for Syria and the senior director for Iran, Iraq, Syria and Lebanon on the National Security Council staff during the Trump administration. After that, China’s National Bureau of Statistics said it would suspend publishing youth unemployment data in the future. What does it signify that China’s national power, which today is vast, is almost certain to be weaker in the future? If Xi and his strategists have a feasible plan for nimbly averting China’s demographic doom, they are keeping very quiet about it. This brings us back to the question of national security strategies for the United States and its allies.

Persons: Peter Bergen, Peter Bergen ”, Joel Rayburn, Trump, Biden, Saddam Hussein’s, Lloyd Austin, China’s, Xi Jinping, Stephen Shaver, ”, Ng Han Guan, Xi, China “, ” Trump Organizations: New, Arizona State University, Apple, Spotify, American Center for Levant Studies, New America, US, National Security Council, CNN, Strategy, Pentagon, of Defense, Development Research Center, Communist Party, UPI, Manpower, Census Bureau, National Bureau of Statistics, Financial, China’s Southwestern University of Finance, Economics, Rocky, United Nations, Beijing, Pew Research Center, Communist, Trump administration’s National Security, Twitter, Trump Locations: New America, Syria, Iran, Iraq, Lebanon, Washington, China, United States, Saddam Hussein’s Iraq, al Qaeda, Ukraine, People’s Republic of China, Beijing, India, Yarkent County, China's Xinjiang Uyghur Autonomous Region, Saudi Arabia, USSR, Russia, Russia’s Ukraine, Vietnam, Korea, Italy, Japan, Taiwan, Hong Kong

☆ Wall Street firms and retired generals to discuss hypothetical Chinese invasion of Taiwan
▼ + stars: | 2023-09-07 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

Wall Street firms and retired generals will discuss a hypothetical Chinese invasion of Taiwan. The "tabletop exercise" will take place next week in New York, sources told the New York Times. It comes as the congressional China committee plans to meet with top Wall Street investors. Get the inside scoop on today’s biggest stories in business, from Wall Street to Silicon Valley — delivered daily. It comes as the congressional China committee plans to go to New York, where lawmakers will meet with banks, hedge funds and venture capital firms, according to the New York Times.

Persons: Jay Clayton, Jim Chanos, Anne Stevenson, Yang, Mike Gallagher, Biden, BlackRock Organizations: New York Times, Wall, Service, Chinese Communist Party, Council, Foreign Relations, Communist, Financial, Securities and Exchange, Kynikos Associates, J Capital Research, Financial Times, Wall Street Locations: Taiwan, New York, China, Wall, Silicon, Wisconsin, MSCI, Xinjiang

President of China Xi Jinping attends the plenary session during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS/File Photo Acquire Licensing RightsNEW DELHI/BEIJING, Aug 31 (Reuters) - Chinese President Xi Jinping is likely to skip a summit of G20 leaders in India next week, sources familiar with the matter in India and China told Reuters. Xi last met Biden on the sidelines of the G20 summit in Bali, Indonesia last November. In China, two foreign diplomats and a government official from another G20 country said that Xi will likely not be travelling for the summit. Another upcoming summit mooted for face-to-face talks between the two leaders is an Asia-Pacific Economic Cooperation Leaders Meeting in San Francisco on Nov. 12-18.

Persons: China Xi Jinping, GIANLUIGI, Xi Jinping, Premier Li Qiang, Li, Xi, Joe Biden, Biden, Vladimir Putin, Sergei Lavrov, Gina Raimondo, Narendra Modi, Krishn Kaushik, Laurie Chen, Martin Quin Pollard, YP Rajesh, John Geddie, Raju Gopalakrishnan Organizations: Reuters, Premier, Kyodo, U.S, India, Economic Cooperation, Indian, YP, Thomson Locations: China, Sandton, Johannesburg, South Africa, DELHI, BEIJING, India, Beijing, New Delhi, East, Jakarta, Indonesia, Bali, Asia, San Francisco, Brazil, Russia, Moscow, Ukraine

☆ Meta says it has disrupted a massive disinformation campaign linked to Chinese law enforcement
▼ + stars: | 2023-08-29 | by ( Rohan Goswami | In Rohangoswamicnbc | ) www.cnbc.com time to read: +3 min

Facebook and Instagram parent company Meta on Tuesday said it had disrupted a disinformation campaign linked to Chinese law enforcement that the social media company described as the "largest known cross-platform covert influence operation in the world." Meta began looking for signs of a Chinese influence operation on its own platforms after reports in 2022 highlighted how a disinformation campaign linked to the Chinese government targeted a human rights nongovernmental organization. Meta researchers were able to link this latest disinformation network to a prior influence campaign in 2019, code named Spamouflage. Meta also identified and disrupted other operations and published a more detailed analysis of a Russian disinformation campaign it identified shortly after the beginning of the 2022 war in Ukraine. But this disinformation network, while prolific, was not effective, Meta cybersecurity executives said on a briefing call.

Persons: Meta, Ben Nimmo, CNBC's Eamon Javers Organizations: Meta, Facebook Locations: China, Xinjiang, Ukraine, Cambridge, Bangladesh, Brazil, Vietnam

President of China Xi Jinping attends the plenary session during the 2023 BRICS Summit at the Sandton Convention Centre in Johannesburg, South Africa on August 23, 2023. GIANLUIGI GUERCIA/Pool via REUTERS Acquire Licensing RightsBEIJING/JOHANNESBURG, Aug 24 (Reuters) - China's leader Xi Jinping told African leaders at a meeting on the sidelines of the BRICS summit on Thursday that China would launch initiatives to support Africa's industrialisation and agricultural modernisation. "China will better harness its resources for cooperation with Africa and initiatives of businesses to support Africa in growing its manufacturing sector and realizing industrialisation and economic diversification," Xi said without providing details. Xi's pledge was made as the BRICS Summit wrapped up, during a meeting with leaders and ministers from the African Union and 11 African countries including Libya, Nigeria, Senegal and Zambia. "In 2009, it issued grants and loans worth $88 billion to support infrastructure projects in Africa.

Persons: China Xi Jinping, GIANLUIGI, Xi Jinping, Xi, Xi's, Wu Peng, Brad Parks, William, William & Mary, Parks, David Monyae, Michael Martina, Carien du Plessis, Rachel Savage, Jonathan Oatis Organizations: REUTERS Acquire, Rights, African Union, U.S, William &, University of Johannesburg's Centre, Thomson Locations: China, Sandton, Johannesburg, South Africa, Rights BEIJING, JOHANNESBURG, Africa, Libya, Nigeria, Senegal, Zambia, Brazil, Russia, India, Egypt, Ethiopia, China Africa, Kenya

Marco Longari/Pool via REUTERS Acquire Licensing RightsJOHANNESBURG, Aug 24 (Reuters) - Indian Prime Minister Narendra Modi spoke to China's President Xi Jinping on the sidelines of the BRICS summit in Johannesburg and highlighted concerns India has about border issues along the Line of Actual Control (LAC), India's foreign secretary said. Modi and Xi agreed "to direct their relevant officials to intensify efforts at expeditious disengagement and de-escalation," Foreign Secretary Vinay Kwatra said. On the sidelines of the BRICS summit Modi highlighted to Xi "India's concerns on the unresolved issues along the LAC", Kwatra said. This is the first time that Modi has brought up the issue directly with Xi, repeating India's stand that has been shared with China through other ministers multiple times. "The two sides should bear in mind the overall interests of their bilateral relations and handle properly the border issue so as to jointly safeguard peace and tranquillity in the border region," Xi said.

Persons: India Narendra Modi, Cyril Ramaphosa, China Xi Jinping, Marco Longari, Narendra Modi, Xi Jinping, Modi, Xi, Vinay Kwatra, Kwatra, Bhargav Acharya, Tannur Anders, Michael Martina, Krishn Kaushik, Jonathan Oatis Organizations: REUTERS Acquire, Rights, Indian, LAC, Xinhua, Shanghai Cooperation, Thomson Locations: India, China, Sandton, Johannesburg, Rights JOHANNESBURG, Indonesia

☆ Exclusive: China's Xiaomi wins state planner nod to make EVs amid glut in autos
▼ + stars: | 2023-08-23 | by ( Julie Zhu | ) www.reuters.com time to read: +4 min

A man walks past a logo of Xiaomi, a Chinese manufacturer of consumer electronics, outside a shop in Mumbai, India, May 11, 2022. Xiaomi, which owns the world's third largest smartphone brand by shipments, did not immediately respond to a request for comment. Xiaomi plans to produce about 100,000 EVs next year, said one of the sources. But Xiaomi, which reported an 18.9% drop in its latest quarterly revenue in May, has its own compulsions for foraying into EVs. Xiaomi plans to use the thousands of stores it has as showrooms for its electric cars, Reuters previously reported.

Persons: Francis Mascarenhas, HONG KONG, Xiaomi, Tesla, NDRC, MIIT, Lei Jun, Julie Zhu, Muralikumar Organizations: REUTERS, Xiaomi Corp, HK, National Development, Reform Commission, EV, Ministry of Industry, Reuters, Lucid, Beijing Daily, China Passenger Car Association, Thomson Locations: Mumbai, India, HONG, Beijing, Shanghai, Reuters U.S, China, China ., EVs

CNN —Chinese leader Xi Jinping on Tuesday unexpectedly skipped a business forum of the BRICS economic group in South Africa, sending his commerce minister instead to deliver a fiery speech in his name that decried US hegemony. Xi, who arrived in Johannesburg on Monday for the annual BRICS summit of major emerging economies, was scheduled to deliver a speech at its business forum on Tuesday afternoon alongside leaders from India, Brazil and South Africa. Xi was the only BRICS leader who did not attend the business forum. At a regular news briefing Wednesday, Wang Wenbin, another spokesperson for the ministry, sidestepped a question about Xi’s absence at the BRICS business forum. “The (Chinese Communist Party) feels no obligation to provide explanations about why its foreign minister was replaced or its top leader was a no show at the BRICS Business Forum.

Persons: Xi Jinping, Xi, –, Wang Wentao, Vladimir Putin, ”, Bonnie Glaser, Marshall Fund’s, Brian Hart, Cyril Ramaphosa, ” Hart, Wang, Hua Chunying, Wang Wenbin, sidestepped, Xi’s, “ I’ve, Glaser, Qin, Wang Yi, Hart Organizations: CNN, Chinese Commerce, China Power, Center for Strategic, International Studies, South, Ramaphosa, Xinhua, Chinese Foreign Ministry, Communist Party, German Marshall Fund, CSIS Locations: South Africa, Johannesburg, India, Brazil, Beijing, United States, Ukraine, China, ”

☆ China's Xi Jinping unexpectedly skipped a speech at a BRICS summit aimed at challenging dollar dominance
▼ + stars: | 2023-08-23 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

Chinese President Xi Jinping unexpectedly missed a scheduled speech at this week's BRICS summit. China's commerce minister stood in for the speech instead, commenting on the US's economic dominance. Xi was the only BRICS leader who didn't make an appearance, with even Russia's Putin delivering comments virtually. After skipping the speech, Xi attended a dinner with the other nations' leaders, per CNN. Over the last two years, BRICS nations have increasingly tried to move off the US dollar as part of the broader dedollarization trend, completing international transactions in China's yuan or other local currencies.

Persons: Xi Jinping, Xi, didn't, Putin, Russia —, Wang Wentao, Xi's, Bonnie Glaser, — Bonnie Glaser, 葛 Organizations: Service, CNN, China's, German Marshall Fund Locations: Wall, Silicon, South Africa, India, Brazil, Russia, China

☆ Xi and Putin are seeking to expand the alliance of BRICS nations to challenge the global dominance of the US and the dollar
▼ + stars: | 2023-08-23 | by ( Tom Porter | ) www.businessinsider.com time to read: +7 min

China's Xi Jinping is in South Africa this week for the BRICS summit. Addressing the BRICS summit by video link Tuesday, Russian President Vladimir Putin took swipes at the West, and said the summit represented the "global majority." Together, they make up around 40% of the world's population, around $27.7 trillion of the global economy, and are seen to represent the so-called "Global South" of southern hemisphere nations. Taking on the dollarThere are also proposals on the table to create a BRICS currency to challenge the global dominance of the dollar. AdvertisementAdvertisementChina and Russia may have ambitious plans for the BRICS group, but realizing them still appears some distance away.

Persons: China's, Jinping, Putin, Vladimir Putin, Graeme Thompson, China Xi, Cyril Ramaphosa, PHILL MAGAKOE, Xi Jinping, Steve Tsang, Thompson, Xi, Wang Wentao, Luiz Inacio Lula da Silva, Luiz Inácio Lula da Silva Organizations: Service, Eurasia Group, South, Getty Images, US, SOAS China Institute, University of London, CNN, Russia, Anadolu Agency, Getty Locations: South Africa, China, Russia, Wall, Silicon, Johannesburg, Brazil, India, AFP, Western, Iran, Saudi Arabia, Indonesia, Ukraine, Beijing, Pacific, United States

☆ China's Xi tells BRICS summit that Chinese economy is resilient
▼ + stars: | 2023-08-22 | by ( ) www.reuters.com time to read: +1 min

[1/2] China's President Xi Jinping speaks, as South Africa's President Cyril Ramaphosa listens, at the Union Buildings ahead of the opening remarks of the BRICS emerging economies meeting, in Pretoria, South Africa August 22, 2023. REUTERS/Alet Pretorius Acquire Licensing RightsAug 22 (Reuters) - China's leader Xi Jinping told the BRICS group on Tuesday that China's economy was resilient and that the fundamentals for its long-term growth remained unchanged. Xi, who is in South Africa for a summit of Brazil, Russia, India, China and South Africa (BRICS), made the remarks in a prepared statement read by Chinese Commerce Minister Wang Wentao at a business forum. "The Chinese economy has strong resilience, tremendous potential and great vitality," Xi said through Wang. "The giant ship of the Chinese economy will continue to ride the wind, cleave waves, and forge ahead," Xi said.

Persons: Xi Jinping, Cyril Ramaphosa, Alet Pretorius, Xi, Wang Wentao, Wang, Michael Martina, Grant McCool Organizations: REUTERS, Chinese Commerce, Thomson Locations: Pretoria, South Africa, Brazil, Russia, India, China, U.S

☆ BRICS summit: China's Xi visits South Africa in second trip abroad this year
▼ + stars: | 2023-08-20 | by ( Nectar Gan | ) edition.cnn.com time to read: +6 min

For Xi, the first in-person summit of the BRICS grouping since the pandemic presents another opportunity to advance that vision. The bloc’s members – Brazil, Russia, India, China and South Africa – account for more than 40 percent of the global population. “Xi is going to be the center of the BRICS summit, given that Vladimir Putin is not attending in person,” he said. His last journey to the continent – also for the BRICS summit in South Africa – in 2018 includes a whirlwind of visits to Senegal, Rwanda and Mauritius, spanning almost every corner of Sub-Saharan Africa. Instead, the Chinese leader will co-chair the China-Africa Leaders’ Dialogue with his South African counterpart Cyril Ramaphosa on the sidelines of the BRICS summit, China’s Foreign Ministry said.

Persons: Xi Jinping, ” Vladimir Putin, strongmen, –, “ Xi Jinping, ”, Steve Tsang, Tsang, South Africa Chen Xiaodong, BRICS, ” Chen, Joe Biden, Camp Davis, China’s, Paul Nantulya, Xi, Vladimir Putin, Putin, Nantulya, CNN Yun Sun, ” Nantulya, Cyril Ramaphosa Organizations: CNN, South Africa, US, SOAS China Institute, University of London, Africa Center, Strategic Studies, ”, Stimson, Initiative, Institutes, South Africa –, ’ Locations: South, United States, Moscow, – Brazil, Russia, India, China, South Africa, Japan, South Korea, Camp, Asia, South China, Beijing, Ukraine, Washington, Africa, Senegal, Rwanda, Mauritius, Saharan Africa

Xinhua/Shutterstock‘Absolutely safe’As heavy rains moved toward the region in late July, China’s top flood control officials met to hash out their response plan. The flood was caused by flood water discharge, not by heavy rainfall.”CNN has reached out to the Zhuozhou and Bazhou governments for comment. Rescuers use rubber boats to transfer Zhuozhou residents trapped by flood waters after days of downpours brought by Typhoon Doksuri on August 2. In the recent rains, at least three upstream reservoirs released flood waters into rivers flowing into Baiyingdian from the west and the south, according to state media. Many countries have systems that involve discharging pent up flood waters into otherwise dry land after major storms.

Persons: Xi Jinping, Xi’s, ”, It’s, Xiong’an, Jade Gao, Ni Yuefeng, downpours, Typhoon Doksuri, Zhai Jujia, Li Guoying, Hongzhang Xu, Xiao, Li Na, Zhu Xudong, it’s, Xiong’an –, Xu, Baiyangdian Lake, Kevin Frayer, “, Meili Feng, Simon Song, Deng Xiaoping, Jiang Zemin, Xu Kuangdi, Yi Haifei, Andrew Stokols Organizations: CNN, Xinhua, Getty, Censors, China News Service, China’s, Water, Australian National University, Authorities, China’s Ministry of Water Resources, Hebei Provincial Department of Water Resources, Geographical Sciences, University of Nottingham, Shanghai’s Pudong New, Chinese Academy of Sciences, Urban Computing Center Locations: Beijing, China, Hebei, Xiong’an’s, Xiong'an, Zhuozhou, AFP, Bazhou, Xiong’an, Tianjin, ”, Xinhua, Baiyingdian, Baiyangdian, Mississippi, University of Nottingham Ningbo, “, Hebei province, Shenzhen, Shanghai’s Pudong, Shanghai

☆ First Solar audit reveals forced labor at Malaysia factory
▼ + stars: | 2023-08-15 | by ( ) www.reuters.com time to read: +2 min

Miniatures of solar panel and electric pole are seen in front of First Solar logo in this illustration taken January 17, 2023. REUTERS/Dado Ruvic/Illustration/file photo Acquire Licensing RightsCompanies First Solar Inc FollowAug 15 (Reuters) - Top U.S. solar panel maker First Solar (FSLR.O) on Tuesday said an audit of its manufacturing operations had uncovered unethical labor practices at its Malaysia factory, sending the company's shares down about 5%. The revelation is the latest to tie the fast-growing solar energy industry to concerns about forced labor. First Solar said it had taken steps to return passports, wages and recruitment fees to the affected workers. First Solar also produces panels in the U.S. and Vietnam, and is planning to open a factory in India.

Persons: Dado Ruvic, Nichola Groom, Jonathan Oatis, Marguerita Choy Organizations: REUTERS, U.S, Thomson Locations: Malaysia, Xinjiang, Tempe , Arizona, U.S, Vietnam, India

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday, as the country grapples with unusually high summer rainfall. TYPHOON WEAKENSMeanwhile, Typhoon Khanun weakened into a tropical depression when it made landfall in China's Liaoning province on Friday night. Overnight rainfall in Liaoning peaked at 52 millimetres (2 inches) per hour, with four reservoirs exceeding flood limits, CCTV said. A video posted by state media People's Daily showed thick swirling clouds hanging low above the ground, darkening the sky. Reporting by Andrew Hayley and Ethan Wang; Editing by Raju Gopalakrishnan and Jamie FreedOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Khanun, Khanun, Doksuri, Andrew Hayley, Ethan Wang, Raju Gopalakrishnan, Jamie Freed Organizations: China Central Television, Xinhua, Liaoning province's Anshan, Flood, Drought, Ministry of Emergency Management, CCTV, Thomson Locations: BEIJING, China's, Shaanxi, Xian, China's Liaoning, Liaoning, Tianjin, Chongqing, China, Xinjiang

BEIJING, Aug 13 (Reuters) - The death toll from a mudslide last week in China's northwestern Shaanxi province has risen to four, state radio said on Sunday. State-owned China Central Television (CCTV) had earlier reported that Friday's mudslide in the city of Xi'an, which followed heavy rainfall in the region, left a total of 18 people dead or missing, with two confirmed casualties. Rescue work was underway with a total of 81 people and 11 vehicles deployed at the site，the state radio report said. Towns and cities across northern China have been lashed by torrential rain and flooding in recent weeks causing multiple deaths and extensive damage, after Typhoon Doksuri made landfall in the country on July 28. Reporting by Andrew Hayley; Editing by Raju GopalakrishnanOur Standards: The Thomson Reuters Trust Principles.

Persons: Typhoon Doksuri, Andrew Hayley, Raju Gopalakrishnan Organizations: Sunday . State, China Central Television, Thomson Locations: BEIJING, China's, Shaanxi, Xi'an, Towns, China

☆ China's capital Beijing battered by heaviest rainfall in 140 years
▼ + stars: | 2023-08-02 | by ( Lee Ying Shan | ) www.cnbc.com time to read: +1 min

Massive rescue and relief efforts are underway in response to typhoon-induced torrential rains in Beijing. China's capital Beijing has been pummeled by the heaviest rainfall in 140 years, leaving at least 20 dead. China has been buffeted by heavy storms as Typhoon Doksuri swept north after slamming southern Chinese provinces. Doksuri made landfall in China's Xiamen and Quanzhou on Monday morning, and caused "severe flooding in Beijing," according to a report by the NASA Earth Observatory. The typhoon was one of the worst storms to hit northern China in years, and the torrential rain in Beijing has killed at least 20 people as of Tuesday.

Persons: Doksuri Organizations: Beijing Meteorological Bureau, NASA, Observatory Locations: Beijing, China, Doksuri, China's Xiamen, Quanzhou

☆ BlackRock and MSCI are facing congressional probes over facilitating investments in Chinese firms flagged by US for security concerns
▼ + stars: | 2023-08-01 | by ( Max Adams | ) www.businessinsider.com time to read: +3 min

BlackRock and MSCI are facing probes by lawmakers for facilitating investments in Chinese firms, the WSJ reported. The probes are related to investments in companies flagged by the US over security risks or human rights violations. The congressional panel said it found that American investors have funded 60 such companies and BlackRock has invested $429 million through five of its funds. The majority of our clients' investments in China are through index funds, and we are one of 16 asset managers currently offering US index funds investing in Chinese companies. With all investments in China and markets around the world, BlackRock complies with all applicable US government laws.

Persons: MSCI Organizations: BlackRock, Service, Wall Street, Chinese Communist Party, WSJ, US Locations: MSCI, China, Wall, Silicon, Xinjiang, US

In his address, Xi said the military must broaden its combat capability and readiness, the official Xinhua news agency reported. "We need to push for new equipment and new forces to accelerate forming combat capabilities and integrate into the combat system," Xi told the Peoples Liberation Army Air Force's western theatre command during a visit last Wednesday, Xinhua reported on Sunday. Marking the anniversary on Tuesday, an editorial in the official PLA Daily newspaper said the military had "enhanced its ability to carry out diversified military tasks in a wider space". "When the Chinese military conducts an exercise, it is showing force - it is bestowing or sending a message to other countries," he said. At sea, China is readying its aircraft carriers to extend and assert its power beyond its home waters.

Persons: Xi Jinping, Florence, HONG KONG, Xi, Song Zhongping, Drew Thompson, National University of Singapore's Lee, Thompson, Tsai Ing, Kevin McCarthy, China's J, Shi Yunjia, Greg Torode, Albee Zhang Organizations: Communist Party of China, Military Museum of, REUTERS, People's Liberation Army, PLA, Xinhua, Peoples Liberation Army Air, PLA Daily, National University of Singapore's, National University of Singapore's Lee Kuan Yew, of Public, Reuters, People's, of Army, U.S, House, China Morning Post, Western, Thomson Locations: Beijing, China, HONG, Tuesday's, Russia, United States, U.S, Washington, Taiwan, Japan, Shandong, Fujian, South Korea, Guam

☆ China was once a women’s soccer superpower. This year’s World Cup is a first step in reclaiming that status
▼ + stars: | 2023-07-28 | by ( Simone Mccarthy Andrew Mcnicol Candice Zhu Cnn | Simone Mccarthy | Andrew Mcnicol | ) edition.cnn.com time to read: +9 min

The rapid development of women’s soccer programs across Europe and the Americas has fielded a new generation of powerful teams-to-beat. I hope through these matches, we can form a clearer picture of the current position of Chinese women’s soccer,” she told state media earlier this month. China scores against New Zealand during a group match at the 1991 Women's World Cup in Guangzhou. That’s even as more than thirty years ago, when China hosted the first ever-women’s World Cup in its southeastern Guangdong province. But as norms change, seeing China’s women’s team competing on the world stage at events like the World Cup would also “inspire girls” to play, Peng added.

Persons: Shui, ”, Xiao Yuyi, Rajanish, Xi, –, China's Zhang Ouying, Carla Overbeck, Vincent Laforet, Wang Shuang, Germain, Zhang Linyan, Chan Yuen Ting, Chen guo, Chan, Denmark’s Amalie Vangsgaard, Zhang, they’d, China's, Gary Day, William Bi, “, it’s, Qi Peng, China’s, Peng Organizations: Hong Kong CNN, AFC Asian, womens, FIFA, Americas, Roses, Denmark, Haiti, AFC, Asian, America, Rose Bowl, Veterans, Paris Saint, Swiss, Grasshopper Club, League, Jiangsu, CNN, New Zealand, Sports, AP Soccer, Xi, Sport Management, Manchester Metropolitan University, “ Locations: Hong Kong, Australia, New Zealand, United States, Europe, China, England, South Korea, Mumbai, India, Pasadena , California, France, “, Guangzhou, Guangdong, Beijing

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