It is deeply concerning because there are national security laws in place in China that “effectively remove any firewall” between the Chinese state and that TikTok user data, says Fergus Ryan, analyst … ( read…
Monthly Archives For September 2020
Beijing ramps up scrutiny of cross-border data flows
The new Beijing free trade zone will test data localization law enforcement using an intelligent platform to assess the risk of cross-border data flows. ( read original story …)
We don’t know where the next flare-up in U.S.-China ties will be: Mizuho
Vishnu Varathan of Mizuho Bank talks to “Squawk Box Asia” about the downside risks to Asia’s economic growth. He points out the fragility of U.S.-China relations as one of the factors, but provides … (…
Reporter says China threatened to detain his Australian daughter
Two weeks ago reporters for the state-funded ABC and The Australian Financial Review newspaper became the last two Australian journalists working for Australian media to leave China due to threats of … ( read original…
HSBC Shares Hit 25-year Low On Report Of China ‘Unreliable List’
Shares in banking giant HSBC plunged to a 25-year low Monday on fears it could be added to a Chinese list of firms deemed a threat to national security and following news it had been…
Taiwan Military Says It Has Right to Counter Attack Amid China Threats
Taiwan said on Monday its armed forces have the right to self-defence and counter attack amid “harassment and threats”, in an apparent warning to China, which last week sent numerous jets across the … (…
ByteDance says it will own 80% of TikTok U.S. firm, contradicts Trump’s claims deal has ‘nothing to do with China’
ByteDance said on Monday it was not giving up control of TikTok in the U.S. and said a claim that the U.S. Treasury would get $5 billion in taxes was just a “forecast” and would…
TikTok fact-checks: US IPO, Chinese ownership, $5B in taxes
There is no shortage of speculations and reports around TikTok’s future in the U.S. Amid a swirl of rumors, TikTok’s Chinese parent ByteDance issued a statement (in Chinese) on Monday morning, … ( read original…
Jack Ma’s Ant Is Said to Lift IPO Funding Target to $35 Billion
Jack Ma’s Ant Group is seeking to raise at least $35 billion in its initial public offering after assessing early investor interest, people familiar with the matter said, putting the Chinese fintech … ( read…
China rolls out fresh policies to boost hydrogen vehicle sales
China, the world’s biggest automobile market, rolled out fresh policies to support hydrogen fuel cell vehicles to improve the industry’s supply chain and technologies, the finance ministry said on … ( read original story …)
China’s ByteDance says TikTok will be its subsidiary under deal with Trump
China’s ByteDance said on Monday that TikTok’s global business will become its subsidiary, even as Oracle Corp and Walmart Inc said over the weekend that they and U.S. investors would own the majority … (…
China Keeps Lending Benchmark LPR Steady for Fifth Straight Month
China kept its benchmark lending rate for corporate and household loans steady for the fifth straight month at its September fixing on Monday, as expected. The one-year loan prime rate (LPR) was kept … (…
Explainer: Why Is Taiwan-China Tension Rising and What Are the Risks?
China claims democratically-run Taiwan as its own territory, to be taken by force if needed, a threat the island has lived with since 1949, when defeated Kuomintang, or Nationalist, forces fled there … ( read…
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