How are Chinese firms responding as foreign buyers ‘don’t want anything made in China’?
channelnewsasia.com/asia/made-china-how-are-chinese-firms-responding-3513556
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| Last Updated | May 25 23 |
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Spy for China? Employee of AfD top candidate Krah arrested: Another Chinese spy has apparently been arrested in Germany. It is said to be an employee of ...
t-online.de/nachrichten/deutschland/id_100391736/spion-fuer-china-mitarbeiter-von-afd-spitzenkandidat-krah-festgenommen.html
Quick Glance: Employee of AfD Politician Arrested on Suspicion of Espionage
- An employee of AfD's lead candidate Maximilian Krah was arrested for allegedly spying for China and conducting surveillance on opposition figures in Germany.
- The Federal Prosecutor's Office is investigating based on information from the Federal Office for the Protection of the Constitution. The AfD expressed concern over the arrest and pledged to support the investigation.
- Federal Interior Minister Faeser called the accusations an attack on European democracy. China denied the allegations. The arrested employee had previously offered information to German authorities but was deemed unreliable.
- There was no connection between the arrest of Krah's employee and other arrests on Monday. Additionally, allegations against AfD politician Krah regarding possible payments from Kremlin-linked sources were revealed.
EU Raises Stakes With Chinese Medical-Device Probe: Welcome to the Brussels Edition, Bloomberg’s daily briefing on what matters most in the heart of the European ...
bloomberg.com/news/newsletters/2024-04-24/eu-raises-stakes-with-chinese-medical-device-probe
Quick Glance: EU Raises Stakes With Chinese Medical-Device Probe
- The EU launched a probe into Chinese medical-device procurement, prompted by concerns that the government in Beijing unfairly favors domestic suppliers, risking tensions ahead of Xi Jinping's upcoming visit.
- The investigation will collect information from companies and member states and must be concluded within nine months. If it confirms a lack of reciprocity, the EU could restrict Chinese access to its tenders.
- This move follows a decision last year to begin an anti-subsidy probe into electric vehicles made in China, potentially leading to new tariffs by July.
- Chinese leaders have rebutted European and US criticism of market distortion in favor of domestic firms, but doubts persist regarding Beijing's extensive use of public support.
Congress approves bill banning TikTok unless Chinese owner ByteDance sells platform
ft.com/content/d84df824-19c0-4105-ae95-816dd0618efb
Quick Glance: Congress Approves Potential TikTok Ban: What's Next?
- Congress has passed a law that could result in a nationwide TikTok ban. President Biden is expected to sign the bill, forcing TikTok to find a new owner or be banned from the US.
- The law gives TikTok's Chinese parent company 270 days to sell the app. Biden could extend the deadline by 90 days. The law was attached to a foreign aid package to expedite its passage.
- Since Biden has supported the law, he is likely to sign it. TikTok has vowed to take the government to court if the bill is signed.
- Experts suggest that a TikTok ban could violate free speech rights. A court challenge could temporarily block the law, but TikTok would need to comply if no injunction is granted.
Chinese Metal Tycoon’s Heir Buys $62 Million Singapore Mansion: The daughter of a Chinese nickel billionaire purchased a multimillion-dollar mansion in Singapore ...
bloomberg.com/news/articles/2024-04-24/chinese-metal-tycoon-s-heir-buys-62-million-singapore-mansion
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China vs. USA: TikTok controversy could strengthen democracy: China's stance on TikTok could inadvertently promote digital ethics and pave the way for stricter ...
t-online.de/digital/kolumne-nicole-diekmann/id_100392090/china-vs-usa-tiktok-kontroverse-koennte-demokratie-staerken.html
Quick Glance: Senate Passes Bill Requiring TikTok Sale Amid Ban Threat
- The Senate has passed a bill on Tuesday that would compel TikTok's China-based parent company to sell the social media platform or face a ban. This controversial move by U.S. lawmakers is expected to encounter legal challenges and disrupt the lives of content creators who depend on the short video app for their income.
- The legislation, part of a larger $95 billion package providing foreign aid to Ukraine and Israel, was passed 79-18. It now awaits President Joe Biden's signature after he expressed his intention to sign it the day after its passage.
- The revised bill extends ByteDance's deadline to sell TikTok to nine months, with a potential three-month extension if a sale is in progress. Additionally, the legislation prohibits the company from controlling TikTok's algorithm, a critical component that customizes user videos based on their interests and has contributed to making the platform a trendsetting phenomenon.
- The passage of the bill reflects bipartisan concerns in Washington regarding Chinese threats and TikTok's ownership, catering to 170 million American users. Lawmakers and officials have long worried about Chinese authorities potentially coercing ByteDance to disclose U.S. user data or manipulate American users through TikTok's content regulation.
Hacker Attacks: What China Can Use Stolen Data For: China collects personal information on Americans and other foreigners. This data on millions of people helps ...
nzz.ch/technologie/china-hacker-datenleak-wozu-china-die-vielen-gestohlenen-daten-verwenden-koennte-ld.1825055
Insight: How Volvo landed a cheap Chinese EV on U.S. shores in a trade war: A made-in-China electric vehicle will hit U.S. dealers this summer offering power and ...
reuters.com/business/autos-transportation/how-volvo-landed-cheap-chinese-ev-us-shores-trade-war-2024-04-24/
Strong electric car sales expected for 2024, but charging grid needs work: International Energy Agency points out obvious: Infrastructure needs to meet demand
theregister.com/2024/04/24/iea_reports_strong_electric_car_demand/
If Britain is so bothered by China, why do these .gov.uk sites use Chinese ad brokers?
theregister.com/2024/04/24/ads_on_gov_uk_websites/
Huber in the ntv early start: "The AfD is a danger for Germany": The top candidate is no longer sustainable and the AfD is a danger for Germany: clear words from ...
n-tv.de/politik/Die-AfD-ist-eine-Gefahr-fuer-Deutschland-article24896930.html
No Nigerians! This 42-Year-Old Lagos School Admits Indians Only: The Indian school in Ilupeju only admits Indians. You need an Indian passport or proof of having ...
fij.ng/article/no-nigerians-this-42-year-old-lagos-school-admits-indians-only/
Better US-China ties but still deep disagreements as Blinken starts visit: U.S. Secretary of State Antony Blinken arrives in Shanghai on Wednesday with U.S ...
reuters.com/world/better-us-china-ties-still-deep-disagreements-blinken-starts-visit-2024-04-24/
Quick Glance: Deep Disagreements Despite Improved US-China Relations
- US Secretary of State Antony Blinken arrives in Shanghai to engage with his Chinese counterparts.
- Although US-China ties are on a steadier footing, numerous unresolved issues persist.
- Topics such as trade, military communication, and tensions in Taiwan strain relations.
- The US threatens sanctions against Chinese firms supporting Russia in the Ukraine conflict.
EU launches investigation into Chinese medical device market: The European Commission launched a probe into China's public procurement of medical devices on ...
reuters.com/world/europe/eu-opens-investigation-into-chinese-medical-device-market-2024-04-24/
China’s Distressed Pig Farmers Eye Turnaround as Herd Shrinks: Chinese farmers are keeping the fewest pigs for breeding since 2020, offering hopes that the ...
bloomberg.com/news/articles/2024-04-24/china-s-distressed-pig-farmers-eye-turnaround-as-herd-shrinks
Chinese supermarket in Abuja shut for allegedly barring Nigerians: The consumer protection agency has summoned the owner in its investigation into racism ...
bbc.com/news/world-africa-68879687
Volkswagen aims to keep China market share stable as price war rages: Volkswagen aims to keep its Chinese market share roughly stable until the end of the decade ...
reuters.com/business/autos-transportation/volkswagen-aims-maintain-15-market-share-china-2030-country-chief-says-2024-04-24/
Money from Russia, espionage for China?: The patriotic fellows from the AfD: Patriotism works differently: Germany's right-wing extremists look up to the ...
spiegel.de/politik/deutschland/afd-geld-aus-russland-spionage-fuer-china-die-vaterlandslosen-gesellen-von-der-afd-kommentar-a-0c7e1eda-2d13-4ba8-b277-d46c3682958e
Quick Glance: AfD Espionage Scandal: Chancellor Scholz 'very, very, very' concerned
- Chancellor Scholz expresses deep concern over espionage allegations against an AfD employee.
- The detainee is accused of disclosing internal information to a Chinese intelligence agency, leading to further arrests.
- The AfD faces criticism for retaining the employee, while other parties urge them to take action.
- Experts warn of increasing attempts by Chinese intelligence services to gain influence in Europe.
China developing super fast, stealth submarines? : Chinese scientists claim they are developing a sci-fi technology that will help Chinese submarines travel at ...
wionews.com/videos/china-developing-super-fast-stealth-submarines-714004
China's Fake-Fashion Retailers Thrive on TikTok, Reddit, Discord: Eager buyers of Pandabuy’s questionable luxury goods declare they’re done ...
bloomberg.com/news/articles/2024-04-23/china-s-fake-fashion-retailers-thrive-on-tiktok-reddit-discord
Paid articlePaid FBI chief warns on TikTok as Senate set to back ban: SAN FRANCISCO: As the US Senate prepares to approve a TikTok ban, the FBI chief on Tuesday (Apr 23) ...
channelnewsasia.com/world/tiktok-ban-fbi-chief-senate-warns-china-app-4287596
Quick Glance: San Francisco's Real Estate Market in Turmoil
- The city of San Francisco, once seen as the shining star of the West Coast, is now on the verge of collapse, with seemingly no one raising the alarm.
- In particular, the city's housing market has been severely impacted over the past year, with prices plummeting and homeowners fleeing en masse.
- Jamie Dimon, CEO of JPMorgan Chase, did not hold back in his comparison of San Francisco's issues to those of New York City, stating that the Bay Area is 'in far worse shape.'
- San Francisco is failing in all aspects, leading to a quiet collapse of its housing market, where once luxurious properties are now being offered at significant discounts.
Tesla offers zero down payments on Model 3, Model Y in China: Tesla Inc has offered zero down payments on its Model 3 and Model Y vehicles in China ...
reuters.com/business/autos-transportation/tesla-offers-zero-down-payments-model-3-model-y-china-2024-04-24/
Apple smartphone shipments in China plummet 19% in 2024 : Apple’s challenges in china continue in the first quarter of 2024. The company's smartphone ...
wionews.com/videos/apple-smartphone-shipments-in-china-plummet-19-in-2024-714439
Standard Chartered lowers Vietnam 2024 growth forecast to 6.0%: Standard Chartered has cut its forecast for Vietnam's economic growth this year to 6.0% from 6.7% ...
reuters.com/markets/asia/standard-chartered-lowers-vietnam-2024-growth-forecast-60-2024-04-24/
Japan launches anti-dumping probe into Chinese graphite electrodes for steelmaking
reuters.com/markets/asia/japan-launches-anti-dumping-probe-into-chinese-graphite-electrodes-steelmaking-2024-04-24/
As Blinken Heads to China, What’s on the Agenda?: China’s support for Russia will be a primary topic, along with war in the Middle East and tensions over Taiwan ...
thediplomat.com/2024/04/as-blinken-heads-to-china-whats-on-the-agenda/
Quick Glance: Blinken Discusses Key Issues with China
- USA and China discuss global conflicts and tensions in Shanghai and Beijing.
- Discussions on Russia, Ukraine, Middle East, Taiwan, South China Sea.
- Calls for China to exert influence on Iran and maintain stability in the region.
- Disputes over human rights, synthetic opioids, and illegal activities.
EU conducts ‘dawn raid’ on Chinese security equipment supplier: Separate Brussels probe targets Chinese medical market amid growing trade tensions with Beijing
ft.com/content/4aa9b10f-93bf-4af3-b5e0-e2865ad78af7
Shenzhou-18 caps over two decades of Chinese human spaceflight: China will send three astronauts into low-Earth orbit on Thursday in the country's 13th crewed ...
reuters.com/technology/space/shenzhou-18-caps-over-two-decades-chinese-human-spaceflight-2024-04-24/
EU conducts ‘dawn raid’ on Chinese security equipment supplier: Separate Brussels probe targets Chinese medical market amid growing trade tensions with Beijing
ft.com/content/4aa9b10f-93bf-4af3-b5e0-e2865ad78af7
Cases of suspected Chinese espionage in Europe: The arrest in Germany of a European Parliament aide on suspicion of "especially severe" espionage for China is ...
reuters.com/world/europe/cases-suspected-chinese-espionage-europe-2024-04-23/
Exclusive: China turns the heat up on cross-border investments in local govt debt, sources say
reuters.com/world/china/china-turns-heat-up-cross-border-investments-local-govt-debt-sources-say-2024-04-23/
China's EV survival game creates peril - and power: By most measures, the last thing China needs is more electric cars crowding a market with more losers than ...
reuters.com/world/china/chinas-ev-survival-game-creates-peril-power-2024-04-24/
From footballer to Buddhist monk: Swedish ex-player’s incredible transformation detailed on his Instagram page
scmp.com/sport/football/article/3259457/footballer-buddhist-monk-swedish-ex-players-incredible-transformation-detailed-his-instagram-page
EU raids offices of Chinese security equipment maker in subsidy probe: European Union officials have raided the offices of a Chinese company as part of a probe ...
cnn.com/2024/04/24/business/eu-china-subsidies-raids/
Three takeaways about the state of Chinese tech in the US: As Chinese consumer tech giants retreat from the global spotlight, a batch of climate tech companies ...
technologyreview.com/2024/04/24/1091708/takeaways-chinese-tech-us-harvard/
Germany's Scholz sounds alarm over far-right China spy allegations: German Chancellor Olaf Scholz said on Wednesday allegations that the aide to a prominent ...
reuters.com/world/europe/german-far-right-politician-vows-not-quit-after-aide-accused-spying-china-2024-04-24/
The 11-year-old Chinese swimmer who was two seconds away from the Olympics: Yu Zidi is young enough to be in primary school but produced a stunning swim at her ...
smh.com.au/sport/swimming/the-11-year-old-chinese-swimmer-who-was-two-seconds-away-from-the-olympics-20240424-p5fm7y.html
Tuscany's luxury suppliers feel chill from China and changing trends: Waning Chinese demand for luxury goods has compounded the problems of Tuscany's traditional ...
reuters.com/business/retail-consumer/tuscanys-luxury-suppliers-feel-chill-china-changing-trends-2024-04-24/
Chinese supermarket in Abuja shut for allegedly barring Nigerians: The consumer protection agency has summoned the owner in its investigation into racism ...
bbc.com/news/world-africa-68879687
China's Huawei launches new brand for intelligent driving
reuters.com/technology/chinas-huawei-launches-new-brand-intelligent-driving-2024-04-24/
China 'Lower-Tier Cities' Are Attracting More People -- And More Chain Brands
bloomberg.com/news/articles/2024-04-22/china-s-small-towns-boom-as-megacities-lose-appeal-with-brands
Paid articlePaid China reveals Shenzhou-18 crew for next space station mission: China has revealed the names of the three astronauts who will travel to the country’s space ...
scmp.com/news/china/science/article/3260183/china-reveals-shenzhou-18-crew-next-space-station-mission
US is reviewing risks of China's use of RISC-V chip technology: The U.S. Department of Commerce is reviewing the national security implications of China's work ...
reuters.com/technology/us-is-reviewing-risks-chinas-use-risc-v-chip-technology-2024-04-23/
Chinese half-marathon gold medalist stripped after African runners slowed: Video: Beijing's half-marathon gold medalist He Jie disqualified after three runners ...
businessinsider.com/chinese-half-marathon-gold-medalist-stripped-african-runners-slowed-video-2024-4
German staffer in EU parliament arrested on China spying charges: Employee of far-right AfD’s lead candidate is latest figure to be accused of passing ...
ft.com/content/aae50967-e728-4c72-ab52-0ed7ef68cd30
Quick Glance: German Far-Right MEP's Aide Arrested for Alleged Chinese Espionage
- The individual named Jian G. stands accused of sharing information about negotiations at the European Parliament with a Chinese intelligence service and spying on Chinese opposition figures in Germany, according to federal prosecutors.
- Jian Guo is listed as an accredited assistant to MEP Maximilian Krah, the far-right AfD party's lead candidate for the upcoming EU-wide elections on the European Parliament's website.
- The suspect was apprehended in Dresden on Monday and authorities conducted searches at his residences.
- Expressing concern, the AfD addressed the allegations.
Beijing powers up into car wars battleground: The Beijing Auto Show, the first since the pandemic, will be a battleground. Foreign automakers from Tesla to ...
reuters.com/breakingviews/beijing-powers-up-into-car-wars-battleground-2024-04-24/
Hong Kong hit by third straight IPO flop as AI player Mobvoi disappoints: HONG KONG -- Chinese artificial intelligence company Mobvoi went public in Hong Kong on ...
asia.nikkei.com/Business/Markets/IPO/Hong-Kong-hit-by-third-straight-IPO-flop-as-AI-player-Mobvoi-disappoints
Paid articlePaid
Blinken will urge China to stop sending military supplies to Russia : The U.S. secretary of state is on his second visit to China in a year, but progress on ...
washingtonpost.com/national-security/2024/04/24/blinken-china-visit-russia-ukraine/
Brokerage Haitong removes long-term Hong Kong unit chief Lin, appoints new head: Chinese brokerage Haitong Securities removed Lin Yong from chief executive of ...
reuters.com/business/finance/brokerage-haitong-removes-long-term-hong-kong-unit-chief-lin-appoints-new-head-2024-04-24/
US Secretary of State Antony Blinken arrives in China hours after Senate TikTok ban vote, new funding for Taiwan
scmp.com/news/china/diplomacy/article/3260246/us-secretary-state-antony-blinken-arrives-china-hours-after-senate-tiktok-ban-vote-new-funding
USADA wants investigation into China swimming, welcomes WADA lawsuit: The head of the United States Anti-Doping Agency demanded on Monday an investigation into ...
reut.rs/44dRuDf
Pen pal program helps war widows find friendship and revive the art of letter writing
abc.net.au/news/2024-04-24/war-widows-find-friendship-through-pen-pal-program/103753296
Telegram founder says China downloads have not fallen since Apple move: Pavel Durov, billionaire founder and CEO of Telegram, said Apple's move last week to ...
reuters.com/technology/telegram-founder-says-china-downloads-have-not-fallen-since-apple-move-2024-04-23/
Chinese professor at Tokyo university missing after trip home: BEIJING -- A professor at Tokyo's Asia University has gone missing after temporarily ...
asia.nikkei.com/Spotlight/Society/Chinese-professor-at-Tokyo-university-missing-after-trip-home
Paid articlePaid JPMorgan China names new heads of China securities unit: JPMorgan Chase & Co appoints Lu Fang to chair the board of its China securities arm ...
reuters.com/business/finance/jpmorgan-china-names-new-heads-china-investment-banking-arm-2024-04-23/
Germany spying: Far-right party aide held in China spy probe: Prosecutors identify the suspect as Jian G and accuse him of passing information to Chinese ...
bbc.com/news/world-europe-68880086
VW staff cuts: Volkswagen pays up to 450,000 euros in severance pay: VW is fueling its job cuts with high severance payments. According to WirtschaftsWoche ...
wiwo.de/unternehmen/auto/sparprogramm-bei-volkswagen-vw-zahlt-bis-zu-450-000-euro-abfindung/29757096.html
RIP, SSF: Unpacking the PLA’s Latest Restructuring: The Strategic Support Force is no more, and its functions are being separated into three separate arms: the ...
thediplomat.com/2024/04/rip-ssf-unpacking-the-plas-latest-restructuring/
Polestar may use US plant to sell cars to Europe as EU-China tension rises: Chinese-backed Swedish electric vehicle (EV) maker Polestar Automotive is preparing ...
reuters.com/business/autos-transportation/polestar-may-use-us-plant-sell-cars-europe-eu-china-tension-rises-2024-04-24/
Blinken says genocide in Xinjiang is ongoing in report ahead of China visit: Beijing is continuing to commit genocide and crimes against humanity against Uyghurs ...
reuters.com/world/blinken-says-genocide-xinjiang-is-ongoing-report-ahead-china-visit-2024-04-22/
Biden calls for tripling tariffs on Chinese steel and aluminum: China's economy struggles to consume all it's producing, exporting the most steel since 2016 amid ...
businessinsider.com/china-overcapacity-dumping-steel-exports-glut-biden-tariffs-trump-elections-2024-4
The 'Future Made in Australia' plan for solar panels relies on a crucial ingredient: Help from China
abc.net.au/news/science/2024-04-24/australia-need-chinas-help-for-solar-sunshot-manufacturing-plan/100954734
China’s Cheap EV Exports to Redraw Global Automaking, IEA Says: China is set to change the map of global automaking by stepping up electric-car exports that will ...
bloomberg.com/news/articles/2024-04-23/china-s-cheap-ev-exports-to-redraw-global-automaking-iea-says
Paid articlePaid World Bank says Vietnam GDP to grow 5.5% in 2024, 6.0% in 2025: Vietnam's gross domestic product is seen growing 5.5% this year, the World Bank said on Tuesday ...
reuters.com/markets/asia/world-bank-says-vietnam-gdp-grow-55-2024-60-2025-2024-04-23/
Vietnam's FPT to invest $200 mln in AI factory using Nvidia chips: Vietnam's top tech firm FPT plans to build a $200 million artificial intelligence (AI) factory ...
reuters.com/technology/vietnams-fpt-invest-200-mln-ai-factory-using-nvidia-chips-2024-04-23/
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
reut.rs/4d6PnFn
Taiwan to remove all statues of Chinese dictator Chiang Kai-Shek who stood for 'One China' policy
wionews.com/world/taiwan-to-remove-all-statues-of-chinese-dictator-who-stood-for-one-china-policy-714254
Solomon Islands election yields no majority for pro-China party: SYDNEY -- Neither advocates nor opponents of a security pact with Beijing won a majority in the ...
asia.nikkei.com/Location/Oceania/Pacific-Islands/Solomon-Islands-election-yields-no-majority-for-pro-China-party
Blinken visits Beijing: Now the US wants to sanction Chinese banks: The threat from Washington is already affecting payment transactions between Russia and China ...
berliner-zeitung.de/wirtschaft-verantwortung/blinken-besucht-peking-jetzt-wollen-die-usa-chinesische-banken-sanktionieren-li.2208744
Yuan internationalization drive hits a local speed bump: As Chinese leader Xi Jinping works to increase the yuan’s role in global trade and finance ...
asiatimes.com/2024/04/yuan-internationalization-drive-hits-a-local-speed-bump/
We Tested the BYD Seal—the Car That Explains Why Tesla Just Cut Its Prices: A world-class saloon for the people, from China’s biggest name in EVs ...
wired.com/review/review-byd-seal-2024/
Chinese swimmers head to Paris Olympics under a cloud amid row over handling of drugs tests
cnn.com/2024/04/23/sport/china-swimming-doping-paris-olympics-spt-intl/
Chinese tourist reunites with Thai rescuers after being pushed off cliff by husband in 2019
scmp.com/week-asia/people/article/3260202/chinese-tourist-reunites-thai-rescuers-after-being-pushed-cliff-husband-2019
Blinken expected to deliver strong warning on Russia support as he arrives in China for key meetings
cnn.com/2024/04/24/politics/blinken-second-china-visit-expectations/
Giga-Byte denies sending servers with restricted Nvidia chips to China - Focus Taiwan
focustaiwan.tw/business/202404240007
ASMI ups revenue forecast, cites strong Chinese bookings, shares jump: Wafer processing equipment supplier ASM International (ASMI) raised its revenue forecast ...
reuters.com/technology/asmi-raises-q2-revenue-forecast-chinese-bookings-stronger-than-expected-2024-04-23/
Farmers reduce methane emissions by changing how they grow rice in Vietnam: Vietnam aims to transform its rice sector, making it more resilient to climate change ...
apnews.com/article/vietnam-rice-methane-climate-mekong-e82d9101bcd440751a9d0db060b10c0f
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