China is investigating the head of a high-profile state-backed fund in yet another attempt to target key figures responsible for shaping its chip policy and investments, Bloomberg reports. Ding Wenwu, general manager of the National Integrated Circuit Industry Investment Fund, is suspected of “serious disciplinary lapses and violation of the law,” the Central Commission for […]
Tag: China
Evergrande filed preliminary proposals for the restructuring of its debt
China Evergrande Group, the world’s most heavily indebted construction company at the center of a wider debt crisis in China’s real estate industry, has presented preliminary proposals to restructure its offshore debt, Bloomberg reports. The company said it may offer some assets outside China to repay creditors, including stakes in its electric vehicle and property […]
Xi’s warning to Biden on Taiwan: Anyone who plays with fire will get burned
Chinese President Xi Jinping warned US President Joe Biden on Thursday not to “play with fire” over Taiwan, as Beijing’s concerns grow over a possible visit by US House Speaker Nancy Pelosi to the island claimed by China. Chinese state media reported that Xi told Biden in their conversation that the United States should adhere […]
The phone call between Biden and Xi Jinping lasted more than two hours
US President Joe Biden and his Chinese counterpart Xi Jinping had a phone call that lasted more than two hours today, during which they discussed the growing tension between the two countries and their trade differences. “The conversation between President Biden and President Xi Jinping of the People’s Republic of China concluded at 10:50 a.m.” […]
The E.U. calls for the repeal of the security law imposed on Hong Kong by China
The EU today called for the repeal of China’s national security law and standstill law in Hong Kong, while asking the region’s authorities to “refrain from implementing them”. “The EU supports the recommendations of the UN Human Rights Commission, notably the simultaneous repeal of the National Security Law and the Standstill Law, and refraining, for […]
Stellantis closes only Jeep factory in China – ‘Beijing interferes in our work’
Stellantis has closed its only Jeep factory in China, accusing Beijing of interfering in its operations, CEO Carlos Tavares said Thursday, according to Bloomberg. The automaker is implementing a policy of “limited assets” in China due to concerns that international political tension could lead to escalation and sanctions between China and the rest of the […]
China Builds Forces Around Taiwan – US Sends USS Ronald Reagan Aircraft Carrier
US House Speaker Nancy Pelosi’s potential visit to Taiwan has fueled further tensions in the Indo-Pacific, with the US and China building up their military presence around the Taiwan Strait. While the US has sent the aircraft carrier USS Ronald Reagan and its strike group to the disputed waters, satellite images show that the People’s […]
China: Withdraws growth target, speaks of ‘best possible outcome’
China will push hard for the best possible outcome for the economy this year, state media said, after a meeting of the ruling Communist Party’s politburo, contrary to earlier calls to meet its economic growth target for the year. In the second half of 2022, China should stabilize employment and prices, keep economic activities within […]
New studies: The covid-19 pandemic started in the Wuhan market
Two studies published today in the prestigious scientific journal Science conclude that the COVID-19 pandemic began in a market in the city of Wuhan in China, thus indicating that the virus is highly likely to have an animal origin. The first investigation is a geographic analysis showing that the first cases detected in December 2019 […]
Blame game China to US for ‘all consequences’ of Pelosi’s visit to Taiwan
China warned today that the United States will bear responsibility for a possible visit to Taiwan by US House Speaker Nancy Pelosi and that it will have to bear “all consequences”. Beijing is opposed to any official contact between Taiwan and other countries, considering that this island region of 24 million inhabitants is historically one […]