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The China News Database was last updated at 01:50PM on November 9, 2023.
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4,639 articles matching the search query.
Yuan’s Global Popularity Keeps Rising With Usage at Record High
Global payments using the Chinese yuan jumped to a record 3.2% of market share this year, and Russian gas producer Gazprom Neft has decided to accept yuan rather than dollars for fueling Russian airplanes at China’s airports.
More questions than answers two weeks after uproar over chained mother in Xuzhou – The China Project
In the absence of a full reckoning by government officials about the mother of eight found chained inside a shack in rural Jiangsu Province, calls for a transparent investigation continue on Chinese social media despite heavy censorship.
投资110亿元！美的新能源汽车零部件战略新基地奠基开工
From AC to EV: One of China’s biggest air conditioner and white goods manufacturers, Midea 美的, is entering the electric vehicle industry with plans to invest 11 billion yuan ($1.73 billion) to build new plants in Anhui Province to make new energy vehicle components.
China has “fallen far short” of its trade commitments, the Office of the U.S. Trade Representative said in a new report. The trade deal, formed under the former Trump administration, “did not meaningfully address the more fundamental concerns that the United States has with China’s state-led, non market policies and practices.”
Last week on SupChina: China missed Trump trade deal targets, but what can Biden do?
Financing & genocide: Development finance and the crisis in the Uyghur Region
The World Bank is “funding a campaign of repression” against the Uyghurs, Washington-based think tank Atlantic Council details in a new report. According to the findings:
The International Finance Corporation (IFC) currently has approximately $486 million in direct loans and equity investment in four companies operating in the Uyghur region: Chenguang Biotech, Camel, Century Sunshine, and Jointown Pharmaceutical. These companies are “active participants” in the P.R.C.’s campaign of repression against the Uyghurs and other Muslim minorities in Xinjiang through “forced labor, forced displacement, cultural erasure, and environmental destruction.” The IFC continued to issue new financing to projects in 2020, without any direct oversight, after a monitoring trip to the region in 2019.
Chinese state pumps money into metaverse stakes
China is pouring money into the metaverse: China added 17 companies to its new organization designed to develop the metaverse. The nation’s tech giants, including Tencent, Baidu, and Alibaba, have also filed metaverse-related trademarks in recent months.
Yesterday on SupChina: The top 10 metaverse companies in China.
The Silencing: a special report on China, the Uyghurs and a culture under attack
From Xinjiang’s network of detention centers to the suppression of tradition, writers report for the New Statesman on China’s campaign against the Uyghurs, “and what will be lost if it succeeds.”
171家上市公司披露业绩快报 61股去年营业收入超亿元
The real estate business is very far from dead: 171 companies listed on Shanghai and Shenzhen stock exchanges have released their 2021 reports. The top performers:
Real estate conglomerate Greenland Holding (with operating income equivalent to $84.4 billion); China Merchants Bank ($52.23 billion); Poly Development, a real estate company that was spun out of the Chinese military ($44.95 billion).
China Scientists Flag Rich Lithium Find in Mount Everest Region
Lithium from Everest? Chinese scientists are hailing a “breakthrough” discovery of lithium near the world’s tallest mountain.
Ant Group Founds Software-as-a-Service Unit
Alibaba affiliate Ant Group has founded a software-as-a-service unit as a pivot away from its core consumer finance business, which has increasingly brought trouble from regulators.
China proposes formal lines of communication with U.S. on space safety - SpaceNews
The China vs. SpaceX saga continues: China said it was open to formal lines of communication with the United States over space safety, amid an ongoing row over two alleged near-collisions of Starlink satellites with China’s space station, Space News reports.
SoftBank Piles Into Chinese Courier SF's Smart Vending Machine Unit
Japan’s SoftBank invests $47 million in Chinese Courier SF’s smart vending machine unit Feng E Zushi.
Senate passes bills to prevent foreign influence at UW
Washington’s bungled China Initiative just keeps going, after the state Senate passed three Republican-backed bills designed to prevent Chinese spies from accessing University of Wisconsin campuses. A plethora of critics have claimed that the anti-espionage effort is racist and actively harms domestic innovation and competition.
“We’re not doing this because we hate Chinese people,” said bill sponsor Republican senator Alberta Darling. “We’re doing this to take on the Chinese Liberation Army.”
Pakistan on high alert following Baloch attacks on security posts
“Pakistani Prime Minister Imran Khan’s efforts to maintain good ties with China may have been undermined in the wake of serious attacks by militants on security posts in the southwestern province of Balochistan early in the month,” Nikkei Asia reports. The Baloch Liberation Army (BLA), a militant separatist group, attacked two posts belonging to the Frontier Corps, a paramilitary force, on February 2. The group said the attack was to “warn the Chinese to refrain from aiding Pakistan in looting Baloch resources and occupying our motherland, or else their interests will become our targets.”
Hong Kong tech giants 'censor' UK rights website amid firewall fears
Hong Kong internet providers blocked a rights website belonging to UK-based Hong Kong Watch, an organization that has been highly critical of Beijing’s national security crackdown. It isn’t the first: HKChronicles, the Transitional Justice Commission, and HK Charter 2021 have all been removed in recent months with a similar technique.
Lessons from Chinese government interference in Australia — 9DASHLINE
In Australia, “No one is suggesting that Chinese interference does not happen or can be readily ignored,” writes James Laurenceson, the director of the Australia-China Relations Institute at the University of Technology Sydney. “The task at hand is accurately defining the problem, right-sizing its scale, and responding effectively to the risk.”
The context: Australia media recently reported that “Chinese spies sought to fund candidates for Australia’s center-left Labor opposition party in an upcoming federal election but the plot was foiled by the national security agency,” per Reuters. See also a new Australian Strategic Policy Institute report with “a detailed analysis of how China has worked to build its political influence and build dependence through trade and economic ties with each Australian state and territory.”
A Succession Drama, Chinese Style, Starring Xi Jinping
Will Xi ever name a political heir? As a Party congress approaches, General Secretary Xí Jìnpíng 习近平 will likely serve another five-year term. However, nobody “except maybe a tight-lipped circle of senior officials” has any idea on how long he wants to stay in power, or if he ever plans to appoint a political successor. See also: The Reshuffling Report: “A series of articles — based on empirical research by Brookings scholar Cheng Li — anticipating and analyzing leadership changes at China’s 20th Party Congress.”
快讯丨传特斯拉第二工厂将落户沈阳 官方回应：消息不实，未收到相关信息 | 每经网
Tesla has denied reports that it had received approval to set up its second factory in China in the northeastern rust belt city of Shenyang, calling it “false information.”
The US is about to get its first Chinese IPO in months
The first U.S. initial public offering from a Chinese company since biotech firm LianBio raised $334 million on the Nasdaq in October 2021 is set to take place with the listing of Meihua International Medical Technologies, which is looking to raise $57.5 million. Meihua makes disposable medical products such as catheters and hospital ID bracelets.
