The joint advisory, which also came from the U.S. Cybersecurity and Infrastructure Security Agency and its Japanese counterpart, urged firms to review the internet routers at their subsidiaries to minimise the risk of potential attack…
Monthly Archives For September 2023
China’s Boycott Backfires
U.K. Ambassador Simon Manley thanked all the countries that attended despite Chinese pressure to boycott. Rebecca Vincent of Reporters Without Borders pushed back on China’s claim that what it does is nobody else’s business. She…
To China and Xi, even pandas are political. And now, three bears will exit the US
Since 1972, pandas on loan from China have been part of zoos in America. But China is changing its attitude and now the panda is political.
Evergrande bosses under house arrest in China
The Chinese authorities have moved decisively against leaders of Evergrande Group, the property company whose collapse is at the heart of the country’s financia
Evergrande’s billionaire founder is under police control, report says, as Beijing’s crackdown on the property giant intensifies
The Bloomberg report comes as shares in the embattled Chinese real-estate giant plunged this week after saying it would be unable to issue new debt.
China’s Shengjing Bank in $24 billion deal to sell assets to government-backed entity
(Reuters) -Chinese regional lender Shengjing Bank said on Wednesday it has agreed to sell a portfolio of assets, including certain loans and investments, among others, for 176 billion yuan ($24.07 …
Global IPO market: Investor appetite shifts from growth to value amid tighter liquidity
Globally, the first three quarters of 2023 recorded 968 IPOs with US$101.2b capital raised, a 5% and 32% decrease year-over-year (YOY), respectively. Despite this, market momentum is building, with Q3 …
China building semiconductor factories in global AI race
China is reportedly considering constructing massive facilities to manufacture the critical chips as the global AI race continues to intensify. China has been investing in the semiconductor industry, …
U.S. to Extend Permission for Samsung and SK Hynix to Export New Tools to China
Previously, these firms had a year-long approval for such imports. If these companies receive grants from the CHIPS & Science Act funds, all the restrictions regarding investments in China will apply to them. The U.S.…
South China Sea: Beijing hits back at Manila over Scarborough Shoal barrier ‘farce’
China’s foreign ministry said on Monday the barrier was put in place in accordance with the law to stop Philippine fishermen from entering the shoal’s lagoon. Later on the sam
China Helps US Secure Release of American Soldier Held In North Korea
Securing Pvt. Travis King’s release from North Korea was a “truly complex” operation that involved multiple U.S. agencies, a Biden administration official said.
Biden had intimate knowledge of Hunter’s China payments: Rep. Pat Fallon
Texas, reacts to reports saying Hunter Biden received wire payments originating in Beijing with Joe’s Wilmington home listed as the beneficiary address on ‘The Story.’
Russia ramps up China yuan payments for imports amid sanctions -EBRD
The share of Russia’s imports invoiced in Chinese yuan soared to 20 per cent in 2022 from 3 per cent a year earlier after its invasion of Ukraine unleashed a raft of sanctions that cut…
