Tag: China

China warns Asian countries to be vigilant on U.S strategy in region

By Mei Mei Chu and Liz Lee

KUALA LUMPUR, Oct 13 (Reuters)The Chinese government’s top diplomat, State Councillor Wang Yi urged on Tuesday Asian countries to remain “vigilant” over the risk of U.S. strategy stoking geopolitical competition in the South China Sea and other parts of the region.

Beijing and members of the Association of South East Asian Nations (ASEAN) should work together to remove “external disruption” in the South China Sea, Wang said during a joint news conference with Malaysia’s foreign minister.

“We (China and Malaysia) are both of the view that the South China Sea should not be a ground for major power wrestling teeming with warships,” said Wang, who is on a short Southeast Asian tour.

“China and ASEAN have full capacity and wisdom, as well as responsibility to maintain peace and tranquility in (the) South China Sea.”

Malaysia’s Foreign Minister Hishammuddin

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Alaska’s Senate race rocked by leaked videos, China ties and even a dead bear

With just weeks to go before the November election, a sleeper U.S. Senate race in a deeply Republican state is starting to garner some attention.

A poll released on Sept. 28 showed Alaska Republican Sen. Dan Sullivan with a razor-thin 1 point lead over his main challenger, Al Gross, an orthopedic surgeon. 

While Gross is technically an independent, Democrats are backing him as part of the party’s efforts to gain a majority in the closely divided Senate. And their battle has been roiled by a series of controversies, including leaked videos and a dispute over an alleged bear attack. 

Senator Dan Sullivan (R-AK) speaks during a Senate Armed Services hearing on Capitol Hill in Washington, DC, U.S. May 7, 2020. (Al Drago/Pool via reuters)
Sen. Dan Sullivan, R-Alaska, at a Senate Armed Services Committee hearing on May 7. (Al Drago/Pool via Reuters)

Gross, whose father was the state’s Democratic attorney general in the 1970s, has leaned on his colorful background in his effort to unseat Sullivan. His ads have described him as having been “born

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Mark Cuban Condemns Human Rights Violations but Is ‘OK Doing Business with China’

Dallas Mavericks owner Mark Cuban said that he is “against human rights violations around the world,” though he is “OK doing business with China,” where more than one million Muslims have been imprisoned in concentration camps because “we have to pick our battles.”



Mark Cuban in a dark room: Mark Cuban, entrepreneur and owner of the Dallas Mavericks, speaks at the WSJTECH live conference in Laguna Beach, Calif., October 21, 2019.


© Mike Blake/Reuters
Mark Cuban, entrepreneur and owner of the Dallas Mavericks, speaks at the WSJTECH live conference in Laguna Beach, Calif., October 21, 2019.

Cuban’s comments came during an appearance on The Megyn Kelly Show podcast that aired Monday, in which the former Fox News and NBC News host asked why Cuban and the NBA wouldn’t “explicitly condemn” the numerous human rights abuses being carried out by the Chinese government, including the ethnic cleansing of Muslims, torture, forced labor, coercive population controls, forced abortions and forced sterilizations.

“I personally put a priority on domestic issues. I’m against human rights violations around the world,” Cuban said.

When

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Hilton Maintains Robust Development and Reinforces its Presence in South China

SHANGHAI, Oct. 12, 2020 /PRNewswire/ — Hilton recently completed the relocation of its Greater China South headquarters to Shenzhen, celebrating the move with a ceremony rich in traditional local elements. The relocation means that Hilton will maintain robust development in the post-pandemic era, reinforce its strategic presence in South China, and drive further expansion in the region, as it steadily advances towards its goal of 1,000 operating hotels in China by 2025.

South China has always been a key business development region for Hilton, and as of today, we have nine Hilton brands operating or in pipeline here. The region boasts abundant tourism resources and attractive destinations, along with a dynamic economy, impressive growth, and a strong demand for business travel. Furthermore, the Guangdong-Hong Kong-Macao Greater Bay Area plays a strong role in China’s economic development and opening up, and has huge potential for further

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China Golden Week holiday sees millions of tourists, boon to economy

The Associated Press
Published 7:02 a.m. ET Oct. 9, 2020 | Updated 8:49 a.m. ET Oct. 9, 2020

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The Southwest Airlines gates of National Airport are almost completely without flying customers, showing the impact COVID-19 is having on air travel.

Wochit

HONG KONG (AP) — Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when China hopes to get consumers to spend more and perk up the economy.

More than 45% of China’s 1.4 billion people traveled during the holiday, which began Oct. 1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism.

That’s 21% fewer trips and 30% less spending, but the numbers still show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.

The

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China Golden Week holiday pumps up tourism, boon to economy

HONG KONG (AP) — Some 637 million residents of China traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when officials hope to get consumers to spend more and perk up the economy.

More than 45% of China’s 1.4 billion people traveled during the holiday, which began Oct. 1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism.

That’s 21% fewer trips and 30% less spending than last year, but the numbers show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.


The numbers are a “positive sign” both for China and the rest of the world that economies can revive pretty quickly once the coronavirus is under control, said Shivaji Das, managing director of research and consulting firm Frost &

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China not among major central banks in talks on global digital currency principles



Central bankers from a handful of developed countries recently formed a working group to discuss sovereign digital currencies, but none of the participants have formally decided to issue one. Photo: Shutterstock


Central bankers from a handful of developed countries recently formed a working group to discuss sovereign digital currencies, but none of the participants have formally decided to issue one. Photo: Shutterstock

China was not included in recent talks among central bankers from developed nations on potential collaboration involving central bank digital currencies (CBDCs) that are technologically complementary and can coexist within a wider international payments ecosystem.

A working group was formed by the Bank of Canada, the Bank of England, the Bank of Japan, the European Central Bank, Sweden’s Riksbank, the Swiss National Bank and the US Federal Reserve, along with the Bank for International Settlements (BIS), all of which are said to share a common motivation – avoiding unintended barriers for transferring sovereign currencies in their electronic forms.

The People’s Bank of China (PBOC) was conspicuously absent from the international group, despite China being a world leader in testing

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China Golden Week Holiday Pumps up Tourism, Boon to Economy | Business News

By ZEN SOO, Associated Press

HONG KONG (AP) — Some 637 million Chinese traveled inside their country during the recent eight-day Golden Week holiday, spending tens of billions of dollars at a time when China hopes to get consumers to spend more and perk up the economy.

More than 45% of China’s 1.4 billion people traveled during the holiday, which began Oct. 1. They spent 466.6 billion yuan ($69.5 billion), according to data from China’s Ministry of Culture and Tourism.

That’s 21% fewer trips and 30% less spending, but the numbers still show consumption is beginning to bounce back following the battering it took earlier in the year from the coronavirus pandemic.

The numbers are a “positive sign” both for China and the rest of the world that economies can revive pretty quickly once the coronavirus is under control, said Shivaji Das, managing director of research and consulting firm Frost

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China business briefing: Mooove over, Australia

Economic historians are going to look back at the era of coronavirus and see more of a rollercoaster than a nosedive.

While Kazakhstan’s economy suffers with the rest of the world’s, the country’s exports to China grew significantly in August, according to the latest data from Beijing. Compared to last August, Kazakh shippers sent off more chemicals (up threefold to $151 million), tobacco (almost 15 times more to $2 million), cotton (doubled to $1.8 million) and a bumper crop of diverse victuals worth $24 million. Overall, Chinese-bound exports grew 20 percent year-over-year to $881 million.

Surely these historians will also examine today’s shifting trade alignments. Kazakhstan’s food producers look primed to benefit from China’s increasingly tense relationship with some of its traditional trading partners.

The Customs Administration of Xinjiang, the Chinese region across the border, and Kazakhstan’s Agriculture Ministry met on September 8 to discuss opening quality-control labs at border

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German Official Suppressed Intel Report on China to Protect Business Ties: Report

A senior German government official suppressed a 2018 intelligence report on China’s influence in Germany for fear of damaging business relationships between the two countries, Axios reported on Tuesday.



a person and a dog walking on a sidewalk: A woman walks a dog at the Kurfuerstendamm shopping street in Berlin, Germany, April 23, 2020.


© Annegret Hilse/Reuters
A woman walks a dog at the Kurfuerstendamm shopping street in Berlin, Germany, April 23, 2020.

The report detailed China’s growing attempts to influence German society, business, and politics, two U.S. intelligence officials said. However, a high-ranking official moved to prevent the report from being disseminated throughout the German government. Only small number of senior officials have read the report, including Chancellor Angela Merkel.

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“As a matter of principle, the German government does not comment on matters concerning intelligence findings or activities of the intelligence services,” a government spokesperson told Axios.

The news comes after Chancellor Merkel in September refused to ban Chinese telecommunications giant Huawei from operating on 5G networks in the country, bucking

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