The possibility that the United States and China are closer to resolving their trade dispute has stoked optimism among investors. But insufficient attention may be being paid to what happens if no deal is struck, according to John Woods, Credit Suisse’s chief investment officer for Asia-Pacific. No deal would be “profoundly negative”. It would be […]
Poland Detains Employee of Chinese Tech Giant Huawei on Spying Charges…
Polish authorities detained and charged an employee of Chinese tech giant Huawei with spying on behalf of China, amid growing global concerns the company is tied to Chinese intelligence agencies. The arrest of Huawei’s local sales director in Poland comes a month after the company’s chief financial officer was detained in Canada at the U.S. […]
U.S. Slaps Export Ban on Huawei’s Silicon Valley Subsidiary…
Chinese Money Flees Silicon Valley as Trump Clamps Down on Access to U.S. Tech…
Thanks to new policies from the Trump administration aimed at cracking down at Beijing’s access to strategic US technologies, China has all but halted investments in US-based tech startups, according to Reuters. Venture funding out of China peaked last year at a record $3 billion according to the Rhodium Group, a New York economic research firm. […]
Bank of England Boss: China’s Renminbi Will Rival the Dollar as Global Reserve Currency…
The past year was full of events that inevitably split the global geopolitical space into two camps: those who still support using US currency as a universal financial tool, and those who are turning their back on the greenback. Global tensions caused by economic sanctions and trade conflicts triggered by Washington have forced targeted countries […]
U.S., China Eye Higher-Level Talks After Discussing Tech Transfer…
U.S. and Chinese officials are working on arrangements for higher-level trade talks after mid-level officials this week discussed U.S. demands on issues that would require structural change in China to address such as intellectual property theft, forced technology transfers and other non-tariff barriers. People familiar with the three days of talks in Beijing said hopes […]
China Offered to Bail Out Troubled Malaysian Fund in Return for Deals…
Senior Chinese leaders offered in 2016 to help bail out a Malaysian government fund at the center of a swelling, multibillion-dollar graft scandal, according to minutes from a series of previously undisclosed meetings reviewed by The Wall Street Journal. Chinese officials told visiting Malaysians that China would use its influence to try to get the […]
China-Made Smartphone Weather App Stole Data from 10 Million Global Users…
TCL, a Chinese producer of consumer electronics, has been collecting data without permission from mobile phones that have downloaded its free weather forecast smartphone app. This app has been downloaded more than 10 million times by users around the world since it was released in December 2016. TCL is a listed company on the Hong […]
Chinese President Xi Jinping Gives Army Its First Order of 2019: Be Ready for Battle…
Chinese President Xi Jinping on Friday ordered the People’s Liberation Army to be ready for battle as the country faces unprecedented risks and challenges. Xi’s speech was made at a meeting of top officials from the Central Military Commission (CMC), which he heads, and broadcast later on national television. “All military units must correctly understand […]
Former NYT Editor Claims Publisher Drafted Letter “All but Apologizing” to China for Tough Story…
In her new book Merchants of Truth, former New York Times executive editor Jill Abramson claims that the news outlet’s publisher drafted a letter “all but apologizing” to the Chinese government for a tough investigative story about corruption in the country. The story went on to win a Pulitzer Prize. She claims that the publisher’s letter was drafted “with input […]
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