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Beijing half marathon: Organisers investigating controversial finish: Organisers of the Beijing half marathon will investigate allegations that three African ...
bbc.com/sport/athletics/68815592
Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Joe Biden calls for tripling of tariffs on Chinese steel: US also to probe Chinese shipbuilding as president’s re-election campaign fights for votes in ...
ft.com/content/bd60c55e-110c-454e-a9f6-be9233bcc2eb
Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
- US President Joe Biden is pushing for an increase in tariffs on Chinese steel and aluminium to strengthen union support in the swing state of Pennsylvania.
- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
China Forces Apple to Delete WhatsApp, Threads, Signal From Chinese App Store: Apple removes a number of messaging apps from China's iOS App Store ...
uk.pcmag.com/social-media/151924/china-forces-apple-to-delete-whatsapp-threads-signal-from-chinese-app-store
Quick Glance: Apple removes WhatsApp and Threads from China store
- Apple has removed Meta-owned apps WhatsApp and Threads from its online store in China under pressure from the Chinese government.
- The removal was due to 'national security concerns' as directed by the Cyberspace Administration of China.
- The delisting closes a loophole that allowed Chinese users to access some major western social media platforms officially blocked in the country.
- Apple is facing declining smartphone sales in China and is trying to boost demand through rare discounts.
German Leader Scholz Warns China Over Dumping, Overcapacity Echoing US: German Chancellor Olaf Scholz instructed Chinese officials to promote free trade and ...
bloomberg.com/news/articles/2024-04-15/german-leader-warns-china-over-dumping-overcapacity-echoing-us
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Quick Glance: Scholz Organizes Crisis Diplomacy in China
- Scholz condemns Iran's attacks on Israel and plans crisis communication with G7 partners.
- China trip focusing on economy and geopolitical role, despite dilemma in relations.
- Business delegation accompanies Scholz, de-risking in other countries, export wave heading towards Germany.
- Scholz aims to influence China regarding Ukraine conflict and Iran crisis, despite existing dependencies.
Chinese government-linked hackers have burrowed into US-critical infrastructure and are waiting 'for just the right moment to deal a devastating blow ...
reut.rs/4d2RKJi
Quick Glance: Chinese Hackers Preparing to Attack US Infrastructure
- FBI Director Christopher Wray warned that Chinese hackers have infiltrated U.S. critical infrastructure and are 'waiting for the right moment to deliver a devastating blow.'
- Wray revealed that the Chinese hacking campaign known as Volt Typhoon has accessed numerous American companies in telecommunications, energy, water, and other critical sectors.
- The Chinese hackers operate a series of botnets to conceal their malicious cyber activities, making it difficult to determine the intent of this cyber pre-positioning.
- China's Embassy in Washington pointed out that some in the U.S. are tracing cyberattacks back to China and politicizing them, while China claims to be the victim in this scenario.
Chinese villagers downplay help for Malay travellers in Perak: PETALING JAYA: To the Malay travellers who got a smoother ride home to Kuala Lumpur after their ...
thestar.com.my/news/nation/2024/04/18/chinese-villagers-downplay-help-for-malay-travellers-in-perak
Chinese researchers use low-cost Nvidia chip for hypersonic weapon —unrestricted Nvidia Jetson TX2i powers guidance system
tomshardware.com/tech-industry/artificial-intelligence/chinese-researchers-install-low-cost-unrestricted-nvidia-jetson-tx2i-into-hypersonic-weapon
Apple loses smartphone crown to Samsung as Chinese rivals gain ground: iPhone sales fall 10 per cent in first quarter of 2024 while groups including Xiaomi and ...
ft.com/content/2c13254b-9995-4408-b02b-6f07ce706b8e
Quick Glance: Samsung Takes Smartphone Crown from Apple
- Apple loses top position in the global smartphone market to Samsung as Chinese competitors gain traction.
- Samsung regains its status as the world's largest smartphone manufacturer in the first quarter of 2024, just three months after Apple claimed the top spot.
- The market's strongest growth comes from two Chinese manufacturers, while Apple continues to face challenges in the world's largest smartphone market.
- Despite an overall increase in global smartphone shipments, Apple experiences a decline in iPhone sales in China and misses out on much of the broader industry recovery.
Xi Hosts Ex-Taiwan Leader in Beijing for Landmark Meeting: Chinese leader Xi Jinping met former Taiwan President Ma Ying-jeou in Beijing, a rare act of ...
bloomberg.com/news/articles/2024-04-10/china-s-xi-to-meet-ex-taiwan-leader-in-beijing-report-says
Quick Glance: Xi emphasizes historical trend of reunion with Taiwan
- Chinese President Xi Jinping met with former Taiwanese President Ma Ying-jeou and stated that outside influence cannot prevent the "family" reunion between Beijing and Taipei.
- Xi highlighted dialogue between the two sides, emphasizing that all issues can be discussed.
- Beijing sees the self-ruled island as a province that must be reunited with mainland China, not ruling out the use of force to assert its claims on Taiwan.
- Tensions across the Taiwan Strait are escalating, with Xi stressing that both sides are Chinese and that all issues can be discussed without separation.
US Congress moves ahead on bill to push TikTok's Chinese owner to sell: An effort to force TikTok's Chinese owner, ByteDance, to sell the social media app or ...
reuters.com/world/us/us-congress-moves-ahead-bill-push-tiktoks-chinese-owner-sell-2024-04-18/
Quick Glance: ByteDance Given 24 Hours to Provide DSA Risk Assessment for TikTok Lite
- The EU demands TikTok owner ByteDance to submit a risk assessment for TikTok Lite within 24 hours to address compliance questions related to the Digital Services Act.
- EU's concerns focus on the launch of TikTok Lite, especially on a reward-linked engagement feature that could have a negative impact on young people's mental health.
- The EU has requested TikTok to provide more information on the risk assessment of the new program and the measures to mitigate systemic risks.
- The company has until April 26 to provide additional information before the EU decides on potential further steps, such as a formal investigation.
China Developers Slash Prices by 40% at Luxury Hong Kong Apartment Project: Distressed Chinese developers trying to sell luxury apartments at a new complex in ...
trib.al/NfyDnEg
Quick Glance: Significant Reduction in Luxury Apartments in Hong Kong
- Luxury apartments in Hong Kong are being reduced by almost half in price.
- Developers have only managed to sell five out of 295 apartments.
- Buyers are allowed up to 180 days for downpayments.
- Developers are in restructuring discussions due to credit issues.
China’s ‘red circle’ law firms rush to tap other markets: Mainland’s biggest firms opening offices in Asia, US and Africa as they seek to challenge international ...
ft.com/content/71a677a9-d45b-490b-a4cf-764ebb2f69af
Quick Glance: China’s ‘Red Circle’ Law Firms Expanding Internationally
- China’s top 'red circle' law firms are aggressively expanding their international presence and working at lower fees than western competitors.
- Several Chinese firms have opened offices in Asia and the US since early 2023, while international rivals retreat from the Chinese market.
- This expansion signals Chinese firms' aspiration to capture international clients and move into China-friendly nations.
- Although Chinese firms still lag behind western rivals, China's growing global presence is opening doors to international markets and fostering potential for future growth.
Japan 'two-faced' for seeking closer ties while warning of China threat, Chinese state media says
reut.rs/3U5JYFO
Chinese Executives See US-China Rivalry as ‘Biggest Uncertainty’: Chinese business executives and investors are embracing a future fraught with geopolitical ...
bloomberg.com/news/articles/2024-04-14/chinese-executives-see-us-china-rivalry-as-biggest-uncertainty
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Chinese Stocks Advance as Beijing Renews Regulatory Support: Chinese stocks gained Monday as renewed regulatory support from Beijing shielded the market from a ...
bloomberg.com/news/articles/2024-04-15/chinese-stocks-advance-as-beijing-renews-regulatory-support
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Bondi Junction stabbing: Chinese student phoned fiancé minutes before being attacked, devastated family on way to Australia
scmp.com/news/people-culture/trending-china/article/3259030/china-student-becomes-6th-victim-deadly-sydney-knife-rampage-devastated-family-way-australia
Survival in the skies: Chinese scientists increase F-22 radar signature: In the back and forth struggle to survive on the air, one of the most important features ...
wionews.com/videos/survival-in-the-skies-chinese-scientists-increase-f-22-radar-signature-712944
Why a deluge of Chinese-made drugs is hard to curb: Thousands of Chinese companies are making synthetic opioids and shipping them around the world.
bbc.com/news/business-68669244
China’s Youth Unemployment Level Remains Steady in March: China reported a steady rate of youth unemployment in March after an official warned that joblessness ...
bloomberg.com/news/articles/2024-04-18/china-s-youth-unemployment-level-remains-steady-in-march
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China's technological development has run out of steam: Nina Xiang is managing director at TH Capital, an investment advisory and asset management firm ...
asia.nikkei.com/Opinion/China-s-technological-development-has-run-out-of-steam
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Aston Martin's Stroll fastest in Chinese Grand Prix practice: Aston Martin's Lance Stroll lapped fastest in Friday's sole free practice session for the Formula ...
reuters.com/sports/formula1/aston-martins-stroll-fastest-chinese-grand-prix-practice-2024-04-19/
Chinese Buyers Cancel Corn Shipments as Beijing Supports Farmers: Chinese buyers are canceling corn shipments as they seek to comply with new government measures ...
bloomberg.com/news/articles/2024-04-11/chinese-buyers-cancel-corn-shipments-as-beijing-supports-farmers
Chinese EV makers won’t get subsidies from Mexico after US pressure: Mexico has offered generous incentives for automakers in the past.
arstechnica.com/cars/2024/04/chinese-ev-makers-wont-get-subsidies-from-mexico-after-us-pressure/
Quick Glance: Mexico Ends Incentives for Chinese Electric Vehicle Manufacturers
- Under US pressure, Mexico discontinues incentives for Chinese car manufacturers.
- US pressure compels Mexico to avoid Chinese automakers.
- Mexico caught in the middle of car wars between the US and China.
- US pressure leads to Mexico ceasing incentives for Chinese electric vehicles.
China joins Russia in recognizing Iran's claim of attack as 'self-defense': Chinese Foreign Minister Wang Yi speaks to his Iranian and Saudi counterparts ...
i24news.tv/en/news/international/asia-pacific/artc-china-joins-russia-in-recognizing-iran-s-claim-of-attack-as-self-defense
China’s secret drone spotted over Philippine waters: A high-altitude reconnaissance drone, believed to be China's WZ-7 Soaring Dragon ...
defence-blog.com/chinas-secret-drone-spotted-over-philippine-waters/
China's aviation regulator said it had opened new air routes to the Chinese cities of Xiamen and Fuzhou with flight paths situated very close to the ...
reut.rs/3w1Y3w7
US Faces Pushback by Netherlands, Japan on More China Chip Export Bans: US attempts to press the Netherlands and Japan into further curbing Chinese access to ...
bloomberg.com/news/articles/2024-04-12/us-faces-pushback-on-more-china-chip-curbs-as-election-nears
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Biden calls for tripling tariffs on Chinese metals: It is the latest protectionist policy to be embraced by the White House in an election year.
bbc.com/news/business-68838063
Chinese gamers can't RMA their RTX 4090s due to US sanctions — users are being very careful with how they treat their top-tier GPUs
tomshardware.com/pc-components/gpus/chinese-gamers-cant-rma-their-rtx-4090s-due-to-us-sanctions-users-are-being-very-careful-with-how-they-treat-their-top-tier-gpus
China: Internet amused by 'sanitary pad' building design: The blueprint of North Nanjing train station has attracted reaction for all the wrong reasons.
bbc.com/news/articles/c136n018jkeo
Biden to call for higher tariffs on Chinese metals in Pittsburgh
reuters.com/world/us/biden-call-higher-tariffs-chinese-metals-steel-city-pittsburgh-2024-04-17/
Red Bull won't rush to announce 2025 driver lineup, Horner says: Red Bull is not in a rush to announce its driver line-up for 2025, team boss Christian Horner ...
reuters.com/sports/formula1/red-bull-wont-rush-announce-2025-driver-lineup-horner-says-2024-04-19/
US trade chief calls for 'decisive' action to shield EV sector from China: The U.S. must take "decisive" action to protect electric vehicles (EVs) from ...
reuters.com/business/autos-transportation/ustr-tai-calls-decisive-action-shield-ev-sector-china-2024-04-17/
Chinese city Zhengzhou tells state-owned company to buy second-hand homes to reduce new housing inventories
reut.rs/4cWlpUy
Chinese spies target Dutch industries to strengthen military, intelligence agency says
reuters.com/world/china/chinese-spies-target-dutch-industries-strengthen-military-intelligence-agency-2024-04-18/
Biden urged to ban China-made electric vehicles from the US: Senate Banking Committee chair called Chinese EVs an "existential threat" to the US motor industry.
bbc.com/news/articles/cyerg64dn97o
Exclusive: Tesla scraps low-cost car plans amid fierce Chinese EV competition: EXCLUSIVE-TESLA CANCELS LOW-COST CAR PLANS-SOURCES
reut.rs/49oRm4S
Quick Glance: Tesla scraps plans for low-cost car amidst fierce Chinese EV competition
- Tesla has canceled the promised inexpensive car and will focus on self-driving taxis instead
- The shift in strategy comes as Tesla faces competition from Chinese EV makers, including BYD
- Elon Musk's vision of affordable electric cars for the masses has been abandoned in favor of robotaxis
- The decision reflects Tesla's efforts to stay competitive in a challenging market environment
Xi Jinping says China’s exports are helping ease global inflation: Chinese president warns German Chancellor Olaf Scholz against ‘rise of protectionism’
ft.com/content/7cc89622-66a7-4b1c-9b2e-138f121a4731
Florida ban on Chinese buying property goes to U.S. appeals court: NEW YORK -- A federal appellate court in Miami hears arguments Friday in a lawsuit challenging ...
asia.nikkei.com/Politics/International-relations/US-China-tensions/Florida-ban-on-Chinese-buying-property-goes-to-U.S.-appeals-court
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Chinese mystery drone spotted attached to H-6 bomber: Observers have spotted a Chinese new WZ-8 high-speed reconnaissance drone under the fuselage of a ...
defence-blog.com/chinese-mystery-drone-spotted-attached-to-h-6-bomber/
Chinese pianist Lang Lang gets star on Hollywood Walk of Fame: His inclusion places him among a select group of Asian artistes like Bruce Lee ...
straitstimes.com/life/arts/chinese-pianist-lang-lang-gets-star-on-hollywood-walk-of-fame
At Chinese trade fair, exporters despair their goods are 'as cheap as cabbage': Wu Huazhan's Chinese television factory used to impose minimum orders to manage ...
reuters.com/markets/commodities/chinese-trade-fair-exporters-despair-their-goods-are-as-cheap-cabbage-2024-04-16/
Zambia uncovers 'sophisticated' Chinese cybercrime syndicate: Young people were recruited as call-centre agents in a "sophisticated internet fraud syndicate".
bbc.com/news/world-africa-68777137
It Was Always Going to Be Tricky to Adapt This Pulitzer-Winning Novel. HBO Mostly Pulls It Off.
slate.com/culture/2024/04/the-sympathizer-hbo-show-robert-downey-jr-hoa-xuande-book.html
China’s capital markets activity falls to multi-decade lows: Mainland equity issuance is the worst on record this year in a sign of low investor confidence
ft.com/content/9ce26256-0304-42a8-9f78-5c203d02d95c
China, US should find ways for pragmatic military relations, Chinese defence minister says
reut.rs/3TVFth4
China's Huawei to start selling Pura 70 smartphones: Chinese technology conglomerate Huawei (HWT.UL) said it would start selling Pura 70 ultra and Pura 70 Pro ...
reut.rs/49Pj1wc
Quick Glance: Huawei Begins Sales of New Pura 70 Smartphone Amid Chip Scrutiny
- Huawei started selling two models of its highly anticipated, high-end Pura 70 smartphone series that are expected to contain an advanced China-made chip like its Mate 60 handset.
- The Mate series by Huawei emphasizes performance and business features.
- Eric Xu, Huawei's acting chairman, announced that the company also plans to roll out a Mate 70 smartphone this year.
- According to Ivan Lam, a senior analyst at research firm Counterpoint, shipments of about 60 million units from Huawei are expected this year, with the Pura 70 series being an important catalyst.
China's cycle of dollar hoarding and weakening yuan gets vicious: Chinese businesses are hoarding dollars because they expect their own currency to weaken ...
reut.rs/44h7QeB
We don't all smoke weed in Germany, Scholz assures Chinese students: Chancellor Olaf Scholz on Monday reassured Chinese students in Shanghai that they did not ...
reut.rs/3xM01kw
A US Navy patrol aircraft flew through the sensitive Taiwan Strait on Wednesday, just hours after a conversation between the Chinese and US defense chiefs ...
reut.rs/3vTywoS
‘Glad to help, we just wanted them to return home safely', say Ladang Bikam villagers
thestar.com.my/news/nation/2024/04/17/glad-to-help-we-just-wanted-them-to-return-home-safely039-say-ladang-bikam-villagers
Apple Considering Opening a Factory in Indonesia, CEO Says: Tim Cook said that the giant tech firm would look at options in Indonesia, as it continues to reduce ...
thediplomat.com/2024/04/apple-considering-opening-a-factory-in-indonesia-ceo-says/
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
Japan Inc makes a renewed U.S. push as China fears mount: Japanese companies are increasingly hitching their growth plans to the United States ...
reut.rs/3W1uhlO
Chinese Grand Prix practice session briefly halted by track-side fire: The sole practice session for the Chinese Grand Prix in Shanghai was interrupted by a ...
reuters.com/sports/formula1/chinese-grand-prix-practice-session-briefly-halted-by-track-side-fire-2024-04-19/
Biden to warn Beijing against meddling in South China Sea: Rusting hulk of Philippine vessel Sierra Madre grounded on disputed reef has become potential US-China ...
ft.com/content/be5f840a-28f7-4bb0-91f9-1aedd3d10d9e
Quick Glance: China conducts military drills in South China Sea amid US-led exercises
- China conducted military 'combat patrols' Sunday in the disputed South China Sea, while joint drills by the Philippines, the United States, Japan, and Australia were ongoing.
- The announcement came one day after defense chiefs from four countries, including the Philippines, stated they would conduct joint drills in the area on Sunday.
- Beijing's People's Liberation Army (PLA) Southern Theater Command mentioned organizing 'joint naval and air combat patrols in the South China Sea'.
- Further details about the Chinese military activities in the waterway on Sunday were not disclosed.
Why it’s China’s turn now: In the second half of the 20th century, scholars and macrohistorians like Alvin Toffler, Francis Fukuyama and Paul Kennedy developed ...
asiatimes.com/2024/04/why-its-chinas-turn-now/
Janet Yellen says US taken ‘major steps’ to stabilise ties with China: Treasury secretary says relations on ‘stronger footing’ after six-day visit
ft.com/content/27f72b5c-d47e-456b-b468-3096aab1b494
Quick Glance: China and U.S. to Engage in Intensive Talks on Economic Balance
- US Treasury Secretary Janet Yellen announced intensive talks with China to address America's competitive disadvantages.
- Both sides will engage in intensive discussions on balanced economic growth and initiate exchanges on combating money laundering.
- Yellen emphasized the importance of addressing American concerns regarding overcapacity in Chinese production.
- The meetings will be held under existing economic and financial working group frameworks to address balanced growth and money laundering.
Vietnam's VinFast's jump in EV deliveries drives Q1 revenues higher: Vietnamese electric vehicle-maker VinFast boosted vehicle deliveries in the first quarter ...
reuters.com/business/autos-transportation/vietnams-vinfast-posts-higher-q1-revenue-vehicle-deliveries-increase-2024-04-17/
Chinese carmaker Chery says Spanish plant to be among main export facilities worldwide
reuters.com/business/autos-transportation/chinese-carmaker-chery-says-spanish-plant-be-among-main-export-facilities-2024-04-19/
How the US could compete with China in Latin America: A draft bill before Congress offers a constructive alternative to finger-wagging and lecturing
ft.com/content/789b2754-950b-4665-bf2d-afec61cea0ea
Japan to collaborate on Chinese payment services with joint QR code: TOKYO -- Efforts are underway between Japan and other Asian countries to allow mutual access ...
asia.nikkei.com/Business/Retail/Japan-to-collaborate-on-Chinese-payment-services-with-joint-QR-code
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Norris takes China sprint race pole from Hamilton: McLaren's Lando Norris seized pole position for the Chinese Grand Prix sprint race on Friday after a wet and ...
reuters.com/sports/formula1/norris-takes-china-sprint-race-pole-hamilton-2024-04-19/
Was 2019 Beijing Half Marathon also fixed? Video raises questions, sparks doubt over every result, China sports expert says
scmp.com/sport/china/article/3259368/was-2019-beijing-half-marathon-also-fixed-video-raises-questions-sparks-doubt-over-every-result-says
US and China defence ministers in first significant contact since 2022: Pentagon says Lloyd Austin stressed importance of freedom of navigation in call with Dong ...
ft.com/content/f52fd4de-6490-47a9-bd54-30bf6354b9c2
Chinese Fund House Halts Gold-Linked ETF After Premium Surges: An exchange-traded fund that owns gold companies has become the latest target of frenzied trading ...
bloomberg.com/news/articles/2024-04-08/chinese-fund-house-halts-gold-linked-etf-after-premium-surge
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US defense chief speaks with Chinese counterpart, Pentagon says
reuters.com/world/us/us-defense-chief-speaks-with-chinese-counterpart-pentagon-says-2024-04-16/
China's Belt and Road leaves Cambodia city with 500 'ghost buildings': SIHANOUKVILLE, Cambodia -- An exodus of Chinese real estate companies has left this ...
asia.nikkei.com/Spotlight/Belt-and-Road/China-s-Belt-and-Road-leaves-Cambodia-city-with-500-ghost-buildings
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Biden says US support for Philippines, Japan defense 'ironclad' amid growing China provocations
apnews.com/article/japan-philippines-trilateral-kishida-marcos-biden-03e6288c5b5155af1bb693a464de875d
Quick Glance: Biden emphasizes US support for Philippines and Japan
- President Joe Biden reinforced the unwavering U.S. defense commitment to Pacific allies.
- The Philippines and China have faced repeated confrontations in the disputed South China Sea.
- The White House highlighted the significance of the first-ever trilateral summit with Japan and the Philippines as a response to China's attempts at "intimidation".
- The United States, the United Kingdom, and Japan announced joint military exercises in the Indo-Pacific for 2025.
Germany's Scholz in China: we want fair auto market but no dumping: German Chancellor Olaf Scholz on Monday pressed his case for an open and fair European market ...
reut.rs/446ocGM
Vietnamese female billionaire sentenced to death for biggest bank fraud: In one of the greatest bank fraud cases in the world, Vietnamese billionaire has been ...
thenews.com.pk/latest/1177581-vietnamese-female-billionaire-gets-sentenced-to-death-for-biggest-bank-fraud
Tesla to cut workforce as China accelerates into EV sector: NEW YORK -- Tesla CEO Elon Musk told employees on Monday that the electric vehicle giant is cutting ...
asia.nikkei.com/Business/Automobiles/Tesla-to-cut-workforce-as-China-accelerates-into-EV-sector
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IMF moves to blunt Chinese debt deal delays with lending policy change: The International Monetary Fund's executive board has backed a key change to give it more ...
reuters.com/world/imf-board-backs-key-change-lending-into-official-arrears-policy-2024-04-17/
Vietnamese property tycoon sentenced to death over $12bn fraud: State media says Truong My Lan’s crimes eroded public trust in ruling Communist party
ft.com/content/fcca4a8f-2de2-479f-b242-786f1bd2d512
Quick Glance: Death Sentence for Real Estate Tycoon in Vietnam's Largest Fraud Case
- Truong My Lan, a prominent businesswoman and real estate tycoon, was sentenced to death in Vietnam's largest financial fraud case, marking a shocking development in the country's escalating anti-corruption campaign.
- Born in 1956, Lan founded the Van Thinh Phat company with her family in 1992, which grew to become one of Vietnam's richest real estate firms linked to some of Ho Chi Minh's most valuable properties.
- She was accused of using the bank as her cash cow, illegally controlling it between 2012 and 2022, and using thousands of 'ghost companies' in Vietnam and abroad to give loans to herself and her allies.
- Her arrest in October 2022 falls within a period of increased anti-corruption efforts in Vietnam ramping up since 2022, impacting the country's economic outlook and unsettling foreign investors.
EU countries to pledge help for solar sector, but no trade curbs on China, draft shows
reuters.com/sustainability/eu-countries-pledge-help-solar-sector-no-trade-curbs-china-draft-shows-2024-04-15/
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