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January 17, 2021

Chinese

Capitol riots remind me of Chinese terror my family fled

USA Today
USA TODAY – For more and to sign up click here NorthJersey.com Growing up, my mother often shared stories of her escape from communist China after the Chinese civil war. The year was 1950 and the communists already claimed victory on the mainland, with the defeated Nationalists retreating to Taiwan, which......

Breakingviews – Chinese investors can soothe Xiaomi’s U.S. pains

Reuters
A man uses his smartphone next to the Xiaomi brand’s store in central Kiev, Ukraine February 11, 2020. REUTERS/Valentyn Ogirenko HONG KONG (Reuters Breakingviews) – It’s good to be able to turn to friends for support. Chinese phone maker Xiaomi lost some $10 billion in market value following its addition......

EXCLUSIVE-Trump administration adds China’s Comac, Xiaomi to Chinese military blacklist

Reuters
WASHINGTON, Jan 14 (Reuters) – The Trump administration on Thursday added nine Chinese firms to a blacklist of alleged Chinese military companies, including planemaker Comac and mobile phone maker Xiaomi, according to a document seen by Reuters. The companies will be subject to a new U.S. investment ban which forces......

MIT professor accused of hiding Chinese government contracts while receiving millions in US grants

WashingtonExaminer
USA TODAY – For more and to sign up click here A leading Massachusetts Institute of Technology professor was arrested on Thursday and is accused of concealing millions of dollars in contracts with the Chinese government while receiving millions of dollars in federal grants to conduct advanced energy research for......

U.S. Chamber expects high-level Chinese visit early in Biden administration

Reuters
WASHINGTON, Jan 13 (Reuters) – The U.S. Chamber of Commerce sees “every indication” that a high-ranking delegation of Chinese officials will visit Washington early in the administration of President-elect Joe Biden, a top Chamber official said on Wednesday. Myron Brilliant, head of international affairs for the business group, told reporters......

Chinese PC maker Lenovo soars 15% after saying it will list shares on Shanghai’s Nasdaq-style board

CNBC
CNBC – For more and to sign up click here Photo taken on Jan. 8, 2020 shows the world’s first 5G personal computer launched by Lenovo during the 2020 Consumer Electronics Show in Las Vegas, the United States. Wu Xiaoling | Xinhua News Agency | Getty Images GUANGZHOU, China — Shares......

Can Joe Biden stand up to ‘old buddies’ in the Chinese Communist Party?

NYPost
Dan Hitchens Running for president has already cost Joe Biden at least one friend. Back in the Obama era, Biden spent dozens of hours with China’s president, Xi Jinping. On one occasion, they ate noodles at a Beijing restaurant with Biden’s granddaughter, and Xi once called Biden an “old friend.”......

Angola gets breathing space from Chinese creditors, says finance minister

Reuters
By Tom Arnold, Karin Strohecker LONDON (Reuters) – Angola has secured three years of payment relief from Chinese creditors and expects to get more than $700 million in its next tranche of International Monetary Fund financing in the coming days, its finance minister said on Monday. Africa’s second-largest oil exporter......

Exclusive: Chinese regulators to push tech giants to share consumer credit data – sources

Reuters
HONG KONG (Reuters) – China plans to push tech giants including Ant Group, Tencent and JD.com to share consumer loan data to prevent excess borrowing and fraud, two people with knowledge of the matter said, in Beijing’s latest tightening of scrutiny. FILE PHOTO: A sign of Ant Group is seen......

‘Missile-like’ object found in Indonesian waters is a Chinese underwater drone, says defense analyst

CNBC
CNBC – For more and to sign up click here Part of the Selayar Islands in Indonesia’s South Sulawesi province. A local fisherman reportedly found a “missile-like” glider off Selayar Island in December 2020. Javed Hazara | iStock | Getty Images SINGAPORE — An underwater surveillance drone recovered deep inside......

Chinese search giant Baidu to create an electric vehicle company

CNBC
CNBC – For more and to sign up click here The Baidu Inc. logo is displayed on the company’s headquarters on July 3, 2019 in Beijing, China. Wan Xiaojun | Visual China Group via Getty Images GUANGZHOU, China — Chinese internet giant Baidu has formed a strategic partnership with automaker......

Chinese bargain hunters pile into stocks blacklisted by Trump

Reuters
SHANGHAI (Reuters) – As U.S. investors dump shares in Chinese companies blacklisted by outgoing President Donald Trump, bargain hunters in China are taking the opposite side of that trade, wagering that a Joe Biden presidency will reverse the investment ban. FILE PHOTO: A logo of Semiconductor Manufacturing International Corporation (SMIC)......

NYSE in a spin over Chinese telecoms delistings

BBC
https://www.bbc.co.uk/news/business-55569759 “After an intense pressure campaign from those of us who believe we should prioritize the interests of American workers and mom and pop investors above Beijing and Wall Street, I am pleased that the NYSE decided to reverse their earlier announcement,” said Republican Senator Marco Rubio. BBC – For......

Warren Buffett-backed Chinese electric car company outsells its start-up rivals

CNBC
CNBC – For more and to sign up click here Chinese battery and electric vehicle maker BYD shows off a model of its Han EV series at the 2020 Beijing auto show. Evelyn Cheng | CNBC BEIJING — Chinese automaker BYD is selling far more luxury electric sedans a month......

Chinese fund managers rush to capitalize on investors’ green fever

Reuters
By Samuel Shen, David Stanway SHANGHAI (Reuters) – Chinese money managers are rushing to launch new energy funds, seeking to capitalize on investors’ green fever which has been fuelled by President Xi Jinping’s carbon neutrality pledge. FILE PHOTO: A solar power station is seen in Tongchuan, Shaanxi province, China December......

Lai Xiaomin: Criticism of death sentence on former Chinese tycoon

BBC
“Imposing the death sentence on Lai Xiaomin for financial crimes, such as bribe taking, is outrageous and unacceptable and clearly violates China’s commitments to respect international human rights standards,” Phil Robertson, Deputy Asia Director at Human Rights Watch told the BBC. BBC – For more and to sign up click......

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