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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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The US Senate passed legislation giving TikTok's Chinese owner, ByteDance, about nine months to divest the US assets of the short-video app ...
reut.rs/44fo9Zl
Quick Glance: Senate Passes Legislation Requiring Sale of TikTok's Parent Company or Face Ban
- The Senate passed a bill that would compel TikTok's China-based parent company to sell the social media platform under the threat of a ban.
- The bill now awaits President Joe Biden's signature, who has indicated that he will sign it on Wednesday.
- The revised legislation extends ByteDance's deadline to sell TikTok to nine months, with a potential three-month extension if a sale is in progress.
- The bill aims to prevent ByteDance from controlling TikTok's algorithm, which has been pivotal in making the platform a trendsetting phenomenon.
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/
Watch live: Senate to vote on Ukraine, Israel aid package that includes TikTok bill
apnews.com/article/israel-ukraine-aid-tiktok-senate-8fe738b17e5c4b2636bc0de11b2620b7
Quick Glance: Senate Passes $95 Billion Aid Package for Ukraine, Israel, and Taiwan
- The Senate has passed a $95 billion aid package for war assistance to Ukraine, Israel, and Taiwan, sending the legislation to President Joe Biden after months of delays and contentious debates over U.S. involvement in foreign wars.
- The legislation also includes $26 billion for wartime assistance to Israel and humanitarian relief for the citizens of Gaza, along with $8 billion to counter Chinese threats in Taiwan and the Indo-Pacific.
- Senate Republicans and House Republicans collaborated to secure the aid for Ukraine and Israel, emphasizing the potential dire consequences if Russian President Vladimir Putin's aggression goes unchecked.
- There was broad congressional support for the aid package, but leaders had to navigate strong opposition from conservatives questioning U.S. involvement in foreign wars and focusing on issues like migration at the U.S.-Mexico border.
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/
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/
China wants ability to invade Taiwan by 2027, U.S. admiral says: TOKYO -- China aims to have the capability to invade Taiwan by 2027, Adm. John Aquilino ...
asia.nikkei.com/Editor-s-Picks/Interview/China-wants-ability-to-invade-Taiwan-by-2027-U.S.-admiral-says
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 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/
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
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
Long-awaited aid to Ukraine, Israel, Taiwan poised to pass US Congress: Billions of dollars in foreign aid for Ukraine, Israel and Taiwan should easily win ...
reut.rs/49PdENp
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.
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/
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/
Quick Glance: Overview: Tesla Stocks Plummet, Europe Business Surpasses Expectations
- World markets have brightened slightly this week, but Tesla is facing a critical earnings test, while Europe's business pulse has surprisingly been lively this month.
- Following the worst week on Wall Street since 2022, relief from easing Middle East tensions helped stabilize the situation on Monday. The chip giant Nvidia made a modest recovery from losses as Big Tech megacaps gear up for quarterly earnings releases.
- As the first of the 'Magnificent 7' Vanguard stocks, electric vehicle giant Tesla will report on Tuesday, having plummeted by a substantial 43% year-to-date and nearly 60% over the past two years amidst fierce price competition, declining EV demand, and governance/product concerns.
- While Big Tech jitters define this month's market fluctuations, investors will closely watch the upcoming results for a clearer perspective.
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/
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/
Billions of dollars in foreign aid for Ukraine, Israel and Taiwan advanced in the US Senate, heading for a final vote after the House of Representatives ...
reut.rs/4aOCbmT
Earthquakes of magnitude 6, 6.3 strike eastern Taiwan - Focus Taiwan: Two earthquakes of magnitude 6.0 and 6.3 struck central Hualien County in eastern Taiwan at ...
focustaiwan.tw/society/202404230001
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/
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/
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
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 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
Taiwan rattled by dozens of quakes, but no major damage: Taiwan's quake-hit eastern county of Hualien was rattled by more than 200 aftershocks late on Monday and ...
reuters.com/world/asia-pacific/taiwan-rattled-by-dozens-quakes-no-major-damage-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
Conflicts drive global military spending to record high: War in Ukraine and tensions in Middle East and Asia lead to 7% increase in worldwide defence expenditure ...
ft.com/content/3744cad3-52ac-40d7-b97d-e085aec1a23e
Quick Glance: Global Military Spending Hits Historic High in 2023
- Global military spending hit a record high of $2.443 billion in 2023 after a 7% increase, as per a report.
- Military expenditure rose consistently over nine years in all regions due to worsening peace and security globally.
- Countries like Ukraine, Russia, Poland, Germany, and the UK saw significant spikes in their military spending.
- Israel notably increased its military spending significantly due to the conflict in the Middle East, particularly a major offensive in Gaza in 2023.
Legislative committee approves draft amendments easing naturalization rules - Focus Taiwan
focustaiwan.tw/politics/202404240018
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.
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
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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/
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/
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
Apple faces decline in Chinese smartphone market amidst Huawei's resurgence : Apple experienced a major setback in the Chinese smartphone market during the first ...
wionews.com/business-economy/apple-faces-decline-in-chinese-smartphone-market-amidst-huaweis-resurgence-714449
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
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
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83 aftershocks felt Tuesday morning in Taiwan | Taiwan News | Apr. 23, 2024 10:42
taiwannews.com.tw/en/news/5671211
The latest developments in the Taiwan conflict: Fighter jets, missiles, threatening gestures: Tensions between the communist People's Republic and the democratic ...
nzz.ch/international/taiwan-und-china-was-sind-die-hintergruende-des-konflikts-ld.1649153
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
China opens air routes close to Taiwanese Islands : China has taken another step to exert its power across the Taiwan State Beijing has opened two new air routes ...
wionews.com/videos/china-opens-air-routes-close-to-taiwanese-islands-714395
Food, beverage revenue hits new high in Q1 - Focus Taiwan: Sales posted by the local food and beverage industry hit a new high in the first quarter of this year ...
focustaiwan.tw/business/202404240010
April 3 Hualien quake had power of 39 atomic bombs | Taiwan News | Apr. 24, 2024 12:24
taiwannews.com.tw/en/news/5672173
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
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/
20,000 sea urchins released near Taiwan's Penghu Islands | Taiwan News | Apr. 24, 2024 11:37
taiwannews.com.tw/en/news/5672179
China acquired recently banned Nvidia chips in Super Micro, Dell servers, tenders show
reut.rs/4d6PnFn
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/
India sends 1st BrahMos cruise missiles to Philippines | Taiwan News | Apr. 24, 2024 18:00
taiwannews.com.tw/en/news/5672605
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/
Supply Chain Latest: Chinese Exporters Brush Off Trump Tariff Threats: Chinese producers and their partners abroad don’t sound too worried about Donald Trump’s ...
bloomberg.com/news/newsletters/2024-04-24/supply-chain-latest-chinese-exporters-brush-off-trump-tariff-threats
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/
Chinese scientists increase F-22 fighter jet’s radar signature 60,000 times with new detection method: study
scmp.com/news/china/science/article/3259428/chinese-scientists-increase-f-22-fighter-jets-radar-signature-60000-times-new-detection-method-study
'Vivid Express' on Taiwan's alpine railway to launch May 24: Agency - Focus Taiwan
focustaiwan.tw/society/202404230021
Chery, B-ON form electric vans JV for Europe, N.America: B-ON and China's Chery (CHERY.UL) announced an electric van joint venture on Tuesday that gives the ...
reuters.com/markets/deals/chery-b-on-form-electric-vans-jv-europe-namerica-2024-04-23/
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
Hualien's Shoufeng Township hit by magnitude 5.9 earthquake - Focus Taiwan: Central Hualien County continued to be rattled by successive earthquakes Monday night ...
focustaiwan.tw/society/202404220024
Taiwan FM Praises Japan-U.S.-Philippine Cooperation; Joseph Wu Says China Threatens More than Just Taiwan
japannews.yomiuri.co.jp/world/asia-pacific/20240423-182004/
Tibetans say compensation for Chinese land grab is too low: 4 protesters who were arrested are released, but say they were beaten.
rfa.org/english/news/tibet/tibet-land-grab-04222024202642.html
Trading in China's SenseTime halted after shares pop 30% in Hong Kong: HONG KONG -- Trading in shares of SenseTime, the Chinese facial recognition giant ...
asia.nikkei.com/Business/Technology/Trading-in-China-s-SenseTime-halted-after-shares-pop-30-in-Hong-Kong
China Attacks EU Investigation as a Step Toward Protectionism: China criticized the European Union’s decision to launch a probe into market access for ...
bloomberg.com/news/articles/2024-04-24/china-attacks-eu-investigation-as-a-step-toward-protectionism
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Germany and Britain arrest suspected Chinese spies: Three German suspects allegedly transferred military tech amid rising concern in Europe over Chinese ...
aljazeera.com/news/2024/4/22/germany-detains-three-suspected-chinese-spies
Quick Glance: Germany apprehends three individuals for alleged China espionage
- The individuals were apprehended in Düsseldorf and Bad Homburg in western Germany, with searches conducted in their residences and places of work.
- Thomas R. is under suspicion of serving as an agent for an employee of the Chinese Ministry of State Security (MSS), aiming to gather intelligence on technologies with potential military applications within Germany.
- Allegedly, the company entered into an agreement with a German university for the purpose of facilitating knowledge exchange.
- During the time of their arrest, there were purported ongoing discussions regarding research initiatives that could contribute to enhancing China's maritime combat capabilities.
US may sanction Chinese banks aiding Russia war effort: Report: The US is drafting sanctions that threaten to cut some Chinese banks off from the global ...
english.alarabiya.net/News/world/2024/04/23/us-may-sanction-chinese-banks-aiding-russia-war-effort-report
Musical love - Focus Taiwan: Eliahu Inbal, the conductor laureate of the Taipei Symphony Orchestra, kisses a cardboard cut-out of composer Anton Bruckner ...
focustaiwan.tw/photos/20240423ENP0002m
China rejects further restraints on trade with Russia ahead of top US envoy’s arrival in Beijing
scmp.com/news/china/diplomacy/article/3260105/china-rejects-further-restraints-trade-russia-ahead-top-us-envoys-arrival-beijing
Chinese Olympic doping case swept ‘under the carpet' by WADA, U.S. anti-doping chief says
pbs.org/newshour/show/chinese-olympic-doping-case-swept-under-the-carpet-by-wada-u-s-anti-doping-chief-says
Chinese Nickel Billionaire Boosts Australian Miner in Indonesia: A little-known Australian company is becoming the Western face of a Chinese nickel behemoth.
bloomberg.com/news/articles/2024-04-22/chinese-nickel-billionaire-boosts-australian-miner-in-indonesia
Probe of PwC's Evergrande conduct casts shadow on Big Four auditors: HONG KONG -- Growing scrutiny of PwC's audit work on bankrupt developer China ...
asia.nikkei.com/Business/Markets/China-debt-crunch/Probe-of-PwC-s-Evergrande-conduct-casts-shadow-on-Big-Four-auditors
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