German media: US focus is Asia, not Europe

China 02/20/22, 05:30

U.S. Secretary of State Antony Blinken paid a 7-day visit to the Asia-Pacific region on Feb. 10. It was the first trip by a U.S. Secretary of State in nearly four decades and amid a hyped-up crisis in Ukraine. A report by German newspaper Die Welt on Feb. 18 viewed that ...

China intervenes in the West’s politics: Norwegian government report

Insights 02/20/22, 04:20

Norway recently released its 2022 public threat and risk assessment report, which points out that China already has the will and ability to intervene in the political process of Western countries. The report's assessment of domestic threats in Norway focuses specifically on the use of Chinese and Russian intelligence tools, ...

US Trade Representative: New strategies needed to counter China state-led trade

Economy 02/19/22, 20:53

According to Reuters, U.S. Trade Representative Katherine Tai said in her new assessment report that the United States needs to develop new strategies and update its domestic trade tools to counter China's "state-led, non-market policies and practices." Tai said: "China has not moved to embrace the market-oriented principles on which the ...

Despite China’s pressure, German Group continues to invest in Lithuania

Insights 02/19/22, 20:33

Against the backdrop of Chinese pressure, a senior executive of Germany's Continental Group had revealed that the group would continue to invest in a factory in Lithuania, Reuters reported on Feb. 18. The head of Continental's Lithuanian plant, Shayan Ali, told local newspaper Verslo Zinios that the company's investment plans had ...

US not intending to include China in the new Indo Pacific Economic Framework

China 02/19/22, 20:22

According to U.S. Assistant Secretary of State for East Asian and Pacific Affairs Daniel Kritenbrink, the U.S. has "no intention" of interacting with China in its upcoming Indo-Pacific Economic Framework. Instead, it talks to partners who share the same objective of a free and open region free of coercion. Last week, ...

Everbright Bank corruption case: 10 people arrested in 4 provinces in 2 hours

Economy 02/19/22, 20:22

On February 12, China Discipline Inspection and Supervision News published an article detailing the case of Zhu Huimin, former chairman of China Everbright Industries Co., for the first time. With the coordination of the National Supervisory Commission (NSC) and the Central Commission for Discipline Inspection (CCDI), the Heilongjiang Provincial Commission ...

Meihua becomes the first Chinese firm to list in US after Didi crackdown

China 02/19/22, 20:07

Bloomberg reported that Meihua International Medical Technologies Co., a medical equipment business, has become the first Chinese company to list in the United States since Didi Global Inc.'s IPO prompted a regulatory reaction in July. According to an announcement, Meihua raised $36 million on Wednesday by selling 3.6 million shares for ...

EU challenges China at WTO over Beijing’s telecom license protection

Tech 02/19/22, 19:40

The EU, on Friday, Feb. 18, filed a lawsuit against China at the World Trade Organization (WTO), accusing Beijing of using domestic courts to undermine intellectual property laws and allowing Chinese telecom giants such as Huawei and Xiaomi to obtain low-cost technology licenses. The European Commission said that since August 2020, ...

Citibank moves key staff out of Hong Kong

Economy 02/19/22, 19:04

According to a Bloomberg report on Feb. 16, Citibank is relocating six senior executives from Hong Kong to Singapore, London, Australia, and other countries. Two key figures of the bank giant moving out of Hong Kong are Sue Lee, the region's head of equity derivatives distribution, and Lee McQueen, head of ...

3 Chinese Deputy Division-Head level officials under investigation

Insights 02/19/22, 16:07

China's Central Commission for Discipline Inspection announced on Feb. 18 the investigation of Wang Shunsheng, former vice president of the Zhengzhou Political Consultative Conference (CPPCC) in Henan Province. Wang Shunsheng was investigated for "serious suspected violations of law and discipline." However, the official Chinese statement did not mention specifics. Wang, 63, has ...

Xi Jinping upgrades military regulations

Insights 02/19/22, 15:19

Chinese President Xi Jinping, and chairman of the Central Military Commission, recently signed an order promoting a set of regulations on the testing and assessing military equipment Xinhua News Agency reported. According to the CCTV report, the new regulation consisting of 56 articles in 11 chapters to take effect on Thursday ...

Beijing 2022: A ‘self-created chaos’ Olympics

Insights 02/19/22, 08:03

The Beijing 2022 Olympics has come to an end and the road it has traveled has been bumpy, with countless events of uproar, controversy and burning questions for the International Olympic Committee. The efforts to apply technology and expensive solutions are also highlighted, with the sad stories behind it. This ...