The Trump administration on Tuesday added 80 companies and organizations to a list of companies that are barred from buying American technology and other exports because of national security concerns. The move, which targeted primarily Chinese firms, cracks down on companies that have been big buyers of American chips from Nvidia, Intel and AMD. It … Read more
Beijing Reuters — Chinese hotpot giant Haidilao said it would compensate over 4,000 diners who had visited one of its outlets in Shanghai after two diners urinated into their hotpot broth. A video showing two men urinating into the broth of their hotpot while dining in a private room at a Haidilao restaurant started circulating … Read more
HARPSUND, Sweden (AP) — Sweden has formally asked China to cooperate in explaining the recent rupture of two data cables on the Baltic Sea bed in an area where a China-flagged vessel had been sighted, Prime Minister Ulf Kristersson said Thursday. The two cables, one running from Finland to Germany and the other from Lithuania … Read more
China’s Commerce Ministry promises to take ‘all necessary measures’ to protect the interests of Chinese firms. The European Union has decided to sharply raise tariffs on Chinese-made electric cars, prompting an angry response from Beijing. The tariffs of up to 45.3 percent will take effect on Wednesday after an inquiry concluded that Beijing was undercutting … Read more
Chinese hackers targeted data from phones used by former President Donald J. Trump and his running mate, Senator JD Vance of Ohio, as part of what appears to be a wide-ranging intelligence-collection effort, people familiar with the matter said on Friday. Investigators are working to determine what communications data, if any, was taken or observed … Read more
Taiwan’s Defence Ministry says 56 Chinese aircraft crossed sensitive median line as Beijing carries out military drills. Taiwan has said it is watching China’s military movements after detecting the most Chinese warplanes near the island in a 24-hour window so far this year, as Beijing conducts drills that are coinciding with the NATO summit in … Read more
US prosecutors charge two dozen people over alleged $50m money laundering scheme. Prosecutors in the United States have charged two dozen people over an alleged money laundering scheme involving Chinese shadow bankers and Mexico’s Sinaloa drug cartel. Chinese underground money exchanges helped the cartel launder $50m in drug trafficking proceeds generated from the import of … Read more
Japanese carmakers have struggled to keep up with their Chinese rivals in the fast-growing EV market. Japan’s Nissan and Honda have agreed to study the possibility of a partnership focused on electric vehicles, as the carmakers struggle to challenge the dominance of Chinese manufacturers. Nissan and Honda’s potential partnership will focus on technology that helps … Read more
MUNICH (AP) — China’s foreign minister told a gathering of international security policy officials Saturday that trying to shut China out of trade in the name of avoiding dependency would be a historic mistake. Wang Yi spoke at the Munich Security Conference. Host Germany wants to avoid over-reliance on trade with an increasingly assertive China … Read more
This pool photograph distributed by Russian state owned agency Sputnik shows Russia’s President Vladimir Putin (R) and China’s President Xi Jinping heading to a group photo session during the third Belt and Road Forum for International Cooperation at the Great Hall of the People in Beijing on October 18, 2023. Grigory Sysoyev | AFP | … Read more