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☆ Buying global A.I. stocks? Here are the 3 risks investors should watch closely, HSBC says
▼ + stars: | 2023-05-11 | by ( Ganesh Rao | ) www.cnbc.com time to read: +2 min

Asian companies exposed to artificial intelligence have seen a 30% increase in value since November 2022 — when ChatGPT was unveiled. However, HSBC has warned that investors should consider three significant risks before investing in AI stocks: disappointing demand, increased competition, and regulations. "Nothing is more exciting for investors and entrepreneurs than discovering a potentially huge market for new products and services," said the bank's strategists led by Herald van der Linde. They added that these powerful narratives pushed stock prices up but eventually saw prices come back down due to various factors. Having laid out its framework, HSBC also named the following stocks exposed to artificial intelligence that their analysts cover.

Tokyo CNN —Japan is in talks to open a NATO liaison office, the first of its kind in Asia, the country’s foreign minister told CNN in an exclusive interview on Wednesday, saying Russia’s invasion of Ukraine has made the world less stable. “We are already in discussions, but no details (have been) finalized yet,” Foreign Minister Yoshimasa Hayashi said on Wednesday. The Nikkei Asia first reported plans to open the office in Japan last Wednesday, citing unnamed Japanese and NATO officials. China, which has previously warned against NATO expanding its reach into Asia or a similar bloc emerging in the region, has already responded angrily to previous reports on the possible Japan office. Hayashi played down concerns that opening a Tokyo NATO office could further inflame tensions, saying: “I don’t feel that’s the case.”The country has had a pacifist constitution since World War II – which he argued is reflected in this move.

☆ Canada summons Chinese ambassador over allegations of political interference
▼ + stars: | 2023-05-04 | by ( Paula Newton | ) edition.cnn.com time to read: +2 min

Ottawa CNN —Canada summoned China’s ambassador on Wednesday to respond to allegations of political interference and intimidation. However, she admitted Canada’s government was carefully weighing the possibility of retaliation by China, which denies interfering in Canadian political affairs. CNN asked China’s foreign ministry about the allegations, specifically the accusations made by CSIS about political interference and attempts at intimidation made by a Chinese diplomat. “China always opposes any country’s interference in other countries internal affairs. We have never had and have no interest in interfering in Canada’s internal affairs.

HONG KONG, May 4 (Reuters) - China's biggest financial data provider Wind Information Co told some customers late last year that it was restricting offshore users from accessing certain business and economic data as a result of the cybersecurity regulator's new data rules, two sources said. Restricted access to Wind by offshore users comes as China sharpens its focus on data usage and security amid rising geopolitical tensions and concerns about privacy in the world's second-largest economy. A Wind salesperson told the source in September the company had made the changes as per instructions from the Cyberspace Administration of China (CAC), which asked it to stop providing offshore users with certain data. The restrictions on offshore users' access to certain Wind data have expanded since last September, said the first source. Reuters has reported, citing sources that Chinese data providers including company databases Qichacha, partially owned by Wind, and TianYanCha have stopped opening to offshore users for at least months.

☆ China urges 'high vigilance' over NATO expansion in Asia
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +1 min

BEIJING, May 4 (Reuters) - China said on Thursday "high vigilance" was needed in the face of NATO's "eastward expansion" following a media report the alliance is planning to set up an office in Japan to facilitate consultations with allies in the region. NATO is planning to open its first liaison office in Asia, in Japan, to facilitate talks with security partners such as South Korea, Australia and New Zealand, with geopolitical challenges from China and Russia in mind, the Nikkei Asia reported on Wednesday, citing Japanese and NATO officials. The Nikkei Asia said the proposed office was due to open next year in Tokyo. Asked about the Nikkei Asia report, NATO spokesperson Oana Lungescu said earlier the alliance would not go into details of NATO allies' deliberations. Reporting by Yew Lun Tian; writing by Ryan Woo; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ Philippines rebukes Beijing for 'dangerous manoeuvres' in South China Sea
▼ + stars: | 2023-04-28 | by ( Neil Jerome Morales | ) www.reuters.com time to read: +3 min

The incident occurred on Sunday during a Philippine coast guard patrol close to the Philippine-held Second Thomas Shoal, a flashpoint for previous altercations located 105 nautical miles (195 km) off its coast. One of the two Chinese vessels "carried out dangerous manoeuvres" about 150 feet (45.72 m) from a Philippine ship, it said. In February, the Philippines said a Chinese ship had directed a "military-grade laser" at one of its resupply vessels. China's foreign ministry spokesperson Mao Ning on Friday said the Philippine vessels had intruded into Chinese waters and "made deliberate provocative moves". "We urge the Philippines to respect China's territorial sovereignty and maritime rights," Mao said, adding the Chinese vessels acted professionally and with restraint.

Unlike the chubby, fluffy image of her younger self, 22-year-old Ya Ya has appeared skinny in recent photos, with her black and white coat missing clumps of fur. But Le Le died suddenly of heart disease in early February, further fueling suspicions of mistreatment. Throughout the past weeks, Ya Ya regularly appeared as a top trending topic on Weibo, each time attracting hundreds of millions of views. Allegations of mistreatmentWhen Ya Ya and Le Le arrived at Memphis in 2003, it was a huge deal for the city. A petition by Panda Voices to bring Ya Ya and Le Le back to China on change.org has garnered 193,000 signatures.

☆ Guatemala president pledges strong support for 'Republic of Taiwan'
▼ + stars: | 2023-04-25 | by ( ) www.reuters.com time to read: +2 min

Speaking at a welcoming ceremony outside Taiwan's presidential office, Giammattei said Guatemala and Taiwan were "brotherly countries" and important allies. Speaking in Spanish, he referred twice to the "Republic of Taiwan", rather than its official name, the Republic of China, generally stylised these days by the government as the Republic of China, Taiwan. Giammattei, standing next to Taiwan President Tsai Ing-wen, ended his speech with a rousing "long live free Taiwan", receiving a broad smile from Tsai who thanked him in English. [1/6] Taiwan's President Tsai Ing-wen walks next to Guatemala's President Alejandro Giammattei during his welcome ceremony in front of the Presidential building in Taipei, Taiwan April 25, 2023. Giammattei is paying a return visit to Taiwan after Tsai visited Guatemala less than a month ago.

Chinese Foreign Ministry spokeswoman Mao Ning said China respects the sovereign status of the former Soviet republics. Photo: Andy Wong/Associated PressChina said that it respected the sovereignty of former Soviet republics, seeking to contain a diplomatic uproar after Beijing’s ambassador to France appeared to question their status under international law. Chinese Foreign Ministry spokeswoman Mao Ning said there had been no change in Beijing’s position after three Baltic states—Latvia, Lithuania and Estonia—said they would summon Chinese officials over the ambassador’s remarks, which suggested that the former Soviet republics weren’t legitimate.

☆ China respects ex-Soviet states as sovereign nations - foreign ministry
▼ + stars: | 2023-04-24 | by ( ) www.reuters.com time to read: +2 min

BEIJING, April 24 (Reuters) - China respects the status of the independent sovereign nations that emerged from the collapse of the Soviet Union, the Chinese foreign ministry said on Monday, after Beijing's envoy to Paris sparked a diplomatic storm by questioning their sovereignty. "The Chinese side respects the status of the member states as sovereign states after the collapse of the Soviet Union," Mao said, adding that China was one of the first countries to establish diplomatic relations with those countries. China respects the sovereignty, independence and territorial integrity of all countries and upholds the purposes and principles of the United Nations Charter, Mao said. And only sovereign states can become official members of the United Nations, she said. "The country you mentioned is a full member of the United Nations."

☆ Factbox: Lu Shaye: Chinese envoy who questioned Ukraine's sovereignty no stranger to controversy
▼ + stars: | 2023-04-24 | by ( Yew Lun Tian | ) www.reuters.com time to read: +3 min

It is not the first time Lu Shaye, 58, a prominent practitioner of China's abrasive 'wolf warrior' diplomacy, has courted controversy since taking up his post in Paris in 2019. A transcript of Lu's remarks posted on the Chinese embassy's official WeChat account were subsequently deleted. Asked about Lu's comments on Monday, China's foreign ministry spokesperson Mao Ning said Beijing respects the sovereignty of all former republics of the Soviet Union, which was dissolved in 1991. Lu said that Taiwanese people had been brainwashed by ideas about independence, and that they can become patriots after being "re-educated". Beijing repeatedly criticised western countries for mismanaging the COVID-19 pandemic by not doing enough to prevent the virus from spreading.

☆ China says it respects ex-Soviet nations after envoy’s 'unacceptable' comments on sovereignty
▼ + stars: | 2023-04-24 | by ( Silvia Amaro | ) www.cnbc.com time to read: +1 min

China said Monday it respects the independency of former Soviet nations after remarks by its ambassador in France were deemed "unacceptable" in Europe. It comes as the 27 members of the European Union reassess their diplomatic and economic relationship with Beijing. That sentiment was echoed by Estonian Foreign Affairs Minister Margus Tsahkna, "We are an independent country, member of the EU, of NATO. Speaking also in Luxembourg, Czech Foreign Minister Jan Lipavsky said the comments of the Chinese ambassador were "totally unacceptable." This is just the latest episode in a series of controversial events between China and the European Union.

☆ India rejects China's renaming of places along disputed border
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: +2 min

NEW DELHI/BEIJING, April 4 (Reuters) - India rejected on Tuesday the renaming by China of places in what India regards as its eastern state of Arunachal Pradesh, which China claims as part of its territory. The statement included a map that showed the 11 places renamed by China as being within "Zangnan", or southern Tibet in Chinese, with Arunachal Pradesh included in southern Tibet and China's border with India demarcated as just north of the Brahmaputra river. "Arunachal Pradesh is, has been and will always be an integral and inalienable part of India," Indian foreign ministry spokesperson Arindam Bagchi said on Twitter. But a spokesperson at the Chinese foreign ministry said the name changes were "completely within the scope of China's sovereignty". "The southern Tibet region is Chinese territory," the spokesperson, Mao Ning, told a regular media briefing in Beijing on Tuesday.

☆ China says unmanned airship over US was isolated, unexpected event
▼ + stars: | 2023-04-04 | by ( ) www.reuters.com time to read: 1 min

BEIJING, April 4 (Reuters) - China has made it clear that the unmanned civilian airship that flew over U.S. terriory was an unexpected and isolated event, the foreign ministry said on Tuesday. "China rejects distortion and hyping up of this incident," spokesperson Mao Ning said at a press briefing when answering a question on the Pentagon saying that it could not confirm China collected real-time data from the balloon earlier this year. Reporting by Laurie Chen; Writing by Bernard Orr; Editing by Andrew HeavensOur Standards: The Thomson Reuters Trust Principles.

☆ China dissatisfied with Japan's chip export restrictions -spokesperson
▼ + stars: | 2023-04-03 | by ( ) www.reuters.com time to read: 1 min

BEIJING, April 3 (Reuters) - China was strongly dissatisfied with Japan's export restrictions on chip manufacturing equipment, Chinese foreign ministry spokesperson Mao Ning said on Monday. China hoped Japan would act on its statements of cooperation with China and take an objective stance, Mao told reporters at a regular briefing. Japan said on Friday it would restrict exports of 23 types of semiconductor manufacturing equipment, aligning its technology trade controls with a U.S. push to curb China's ability to make advanced chips. read moreReporting by Beijing newsroom Editing by Bernadette BaumOur Standards: The Thomson Reuters Trust Principles.

Hong Kong/Tokyo CNN —Japan will restrict the overseas sale of chip manufacturing equipment, joining the United States and the Netherlands in curbing the export of key technology to China. The ministry said it would require stricter procedures to export to about 160 destinations such as China, while 42 territories — including the United States, South Korea and Taiwan — are recognized by Japan as having adequate export controls in place. All exports to countries not formally recognized will now require approval from the Japanese trade ministry, it added. The restrictions are not aimed at a specific country, the trade ministry told CNN on Friday. In October, the United States banned Chinese companies from buying advanced chips and chipmaking equipment without a license.

☆ Ukraine appears to be trying to capitalize on cracks in China and Russia's alliance after a nuclear snub from Putin
▼ + stars: | 2023-03-30 | by ( Tom Porter | ) www.businessinsider.com time to read: +3 min

Ukraine's President Volodymyr Zelenskyy has invited China's Xi Jinping to Ukraine. It comes after cracks emerged in Xi's alliance with Russia's Vladimir Putin. Xi has proposed a plan to end the war between Russia and Ukraine. Putin last weekend said he planned to station nuclear weapons in neighboring Belarus, breaking an agreement Russia had signed only days before at the summit with China. The US has warned that China may be preparing to arm Russia, a claim China has denied.

BEIJING/ WASHINGTON, March 30 (Reuters) - China on Thursday called remarks by U.S. Treasury Secretary Janet Yellen "irresponsible" and "unreasonable" after Yellen said Beijing's lending activities leave developing countries "trapped in debt." Yellen on Wednesday said she was concerned by some of China's activities globally, particularly its lending to developing countries. "We do not accept unreasonable accusations from the United States," Chinese Foreign Ministry spokesperson Mao Ning said in a news briefing on Thursday. "The United States should take practical actions to help developing countries, instead of pointing fingers at other countries and making irresponsible remarks," Mao added. China says it has always followed international rules and carried out investment and financing cooperation with developing countries with openness and transparency.

☆ US puts trade curbs on 5 Chinese firms over alleged role in Uyghur repression
▼ + stars: | 2023-03-29 | by ( ) www.reuters.com time to read: +2 min

WASHINGTON, March 28 (Reuters) - The Biden administration on Tuesday imposed new trade restrictions on five Chinese companies for allegedly aiding in the repression of the Uyghur Muslim minority but China rejected the accusation as "lies" aimed at constraining it. According to Hikvision's 2021 half-year report, at least four of the companies facing new curbs belong to the Chinese surveillance camera maker including Luopu Haishi Dingxin Electronic Technology Co, Moyu Haishi Electronic Technology Co, Pishan Haishi Yong'an Electronic Technology Co and Urumqi Haishi Xin'an Electronic Technology Co.Yutian Haishi Meitian Electronic Technology Co Ltd was also added. "The idea that there exists so-called repression of Muslim minorities in Xinjiang has long been debunked," Mao said at a regular briefing on Wednesday. She also said that China would take all necessary measures to defend the legitimate rights and interests of Chinese firms. The United States has increasingly used the list to target Chinese firms.

☆ U.S.-China tech rivalry will continue to put Chinese firms under intense scrutiny
▼ + stars: | 2023-03-29 | by ( Sheila Chiang | ) www.cnbc.com time to read: +4 min

watch nowChinese companies will continue to face intense scrutiny as U.S.-China tensions and competition won't be easing anytime soon, one analyst told CNBC. Chinese companies are getting a ton of scrutiny in part because of their ties to the Chinese Communist Party," said Lindsay Gorman, senior fellow for emerging tech at the German Marshall Fund's Alliance for Securing Democracy, on CNBC's "Squawk Box Asia" Tuesday. It's really intense competition [between the U.S. and China]. That really speaks to just how intertwined the U.S. and Chinese technological ecosystems are and have been. We can't let undersea cables become another example of that trend," said U.S.

☆ China Hits Back on TikTok, Says It Doesn’t Ask Companies for Foreign Data
▼ + stars: | 2023-03-24 | by ( Raffaele Huang | ) www.wsj.com time to read: 1 min

SINGAPORE—China’s Foreign Ministry criticized the U.S. for targeting TikTok and said Beijing would never require companies to illegally gather data and intelligence from overseas, escalating the debate over the popular app a day after its chief executive was grilled in Congress. The U.S. has presumed TikTok’s guilt and unreasonably suppressed the app, even though the government has provided no evidence that TikTok threatens its national security, Mao Ning, a ministry spokeswoman, said Friday.

Hong Kong CNN —Chinese authorities have closed the Beijing office of Mintz Group, an American corporate due diligence firm, and detained five local staff, the company said Friday. In a statement provided to CNN, Mintz Group, which is based in New York, said it had not received any official legal notice regarding a case against the company and had requested that authorities release its employees. It also follows unusually direct comments by Chinese leader Xi Jinping targeting the United States, accusing Washington of trying to “contain” and “suppress” China. In 2013, Shanghai authorities arrested Peter Humphrey, a former British journalist turned corporate investigator, and his American wife and business partner Yu Yingzeng, who operated consultancy company, ChinaWhys. Humphrey was sentenced to two-and-a-half years in prison, while Yu received a two-year sentence.

☆ Chinese state media says US banking troubles are a result of poor regulation and domestic politics — but China's banks aren't having a great time either
▼ + stars: | 2023-03-17 | by ( Huileng Tan | ) www.businessinsider.com time to read: +4 min

China's state media says the banking crisis happened due to poor financial regulation and US domestic politics. But banks in China also have their own issues amid the country's property woes. China's heavy-handed criticism comes at a bleak time for its own banksBut this harsh criticism comes at a bleak time for China's own banks. Since its collapse, some of these start-ups have been looking for alternatives — such as bigger US banks or other Chinese lenders, Reuters reported. Despite these troubles, China touts its governance system as being superior to "Western democracy" and uses state media to push its messaging.

☆ US set to further tighten chipmaking exports to China - Bloomberg News
▼ + stars: | 2023-03-10 | by ( ) www.reuters.com time to read: +1 min

[1/2] Flags of China and U.S. are displayed on a printed circuit board with semiconductor chips, in this illustration picture taken February 17, 2023. REUTERS/Florence Lo/Illustration/File PhotoMarch 10 (Reuters) - The Biden administration is working to further tighten restrictions on exporting semiconductor manufacturing gear to China, Bloomberg News reported on Friday citing people familiar with the situation. The Biden administration plans to coordinate with the Netherlands and Japan, according to the report. This week, Dutch government said it plans new restrictions on semiconductor technology exports to China to protect national security. The U.S. had imposed a slew of export restrictions late last year including a measure to cut China off from certain semiconductor chips made anywhere in the world with U.S. equipment.

Hong Kong CNN —Europe’s biggest producer of advanced chipmaking technology has joined the United States in its escalating standoff with China. Japan has also been involved in three-way discussions with the Netherlands and the United States, a source familiar with the talks told CNN. China said Thursday it “firmly opposes” the Netherlands’ upcoming curbs, which come just months after the United States restricted sales of some semiconductor machinery to Beijing. He accused Western countries led by the United States of trying to “contain” and “suppress” China. European battlegroundThe announcement of the Netherlands’ export restrictions, the details of which are expected to be confirmed before the summer, isn’t the first time the US-China tech rivalry spilled over into Europe.

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