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Feb. 29, 2024, 10:12 a.m.
Biden administration to investigate national security risks posed by Chinese-made 'smart cars'
Biden administration to investigate national security risks posed by Chinese-made 'smart cars'
['driving', 'cars']

Citing potential national security risks, the Biden administration says it will investigate Chinese-made “smart cars” that can gather sensitive information about Americans driving them. The probe could lead to new regulations aimed at preventing China from us…

Biden administration to investigate national security risks posed by Chinese-made 'smart cars'

Citing potential national security risks, the Biden administration says it will investigate Chinese-made "Smart cars" that can gather sensitive information about Americans driving them. The probe could lead to new regulations aimed at preventing China from using sophisticated technology in electric cars and other so-called connected vehicles to track drivers and their.

Feb. 29, 2024, 10 a.m.
White House: Chinese Cars On U.S. Roads Could 'Undermine Our National Security'
White House: Chinese Cars On U.S. Roads Could 'Undermine Our National Security'
['car', 'concern', 'Biden', 'countries', 'China']

Federal agencies will now begin the process to investigate potential risks of cars from Chinese brands like BYD and Geely before they flood the domestic market.

White House: Chinese Cars On U.S. Roads Could 'Undermine Our National Security'

The Biden Administration announced Thursday that Chinese cars - which currently are very rarely seen on American roads due to high tariffs - could eventually pose a significant risk to the nation by potentially collecting sensitive data about Americans and sending it back to Beijing. "I am announcing unprecedented actions to ensure that cars on U.S. roads from countries of concern like China do not undermine our national security," President Joe Biden said in a statement. None of these countries currently manufacture cars anywhere on the scale of China. Last year, China became the world's largest car manufacturer, surpassing Japan. BYD sold 530,000 cars in the fourth quarter of 2023, topping Tesla's 485,000. "The more work we've done on these national security risks associated with and , the more concerned we get," she said. A senior administration official said that while there was no imminent threat, the looming concern of Chinese cars is a "Next few years' problem."

Feb. 29, 2024, 10 a.m.
China Tariff War Revisited: U.S. Exports Of Oil Surged In 2023
China Tariff War Revisited: U.S. Exports Of Oil Surged In 2023
['U.S.', 'China', 'export', 'billion', 'total']

U.S. exports of soybeans to China, an early casualty of the trade war initiated by former President Trump and continued by President Biden are up 386% since 2018.

China Tariff War Revisited: U.S. Exports Of Oil Surged In 2023

Oil became the United States' top export for the first time in 2023 - in large part due to China, U.S. Census Bureau data shows. U.S. exports of soybeans to China, an early casualty of the trade war initiated by former President Donald Trump and continued by his successor, President Biden - while down from 2022 - are up 386% since 2018. U.S. exports of civilian aircraft and parts, passenger vehicles, and the category of vaccines, plasma and other blood fractions have all increased every year since 2020. These were the top five U.S. exports to China in 2023 and, while only oil recorded a record high in 2023, buyers of the others seem to have dusted off the trade war - at least from the Chinese point of view - and moved on. While U.S. exports to China increased 22.88% from 2018 to 2023, U.S. imports decreased 20.87%. A number of imports traditionally coming from China have shifted to other Asian markets - Vietnam, Cambodia, Taiwan, Japan - for either manufacture or final assembly to skirt the tariffs. That 88.01% jump in U.S. oil exports to China to $13.11 billion allowed it to surpass South Korea, Canada, Singapore, the United Kingdom and India to rank as the United States' second-largest market after soybeans. Those exports left from two U.S. seaports, the Port of Morgan City, La., and the Port of Beaumont, Texas, with the former at 53% of the total and the latter at 47%. With soybeans, U.S. exports to China accounted for 54% of the U.S. total in 2023.

Feb. 29, 2024, 8:33 a.m.
Why has the EU sanctioned Indian, Chinese companies for Russia links?
Why has the EU sanctioned Indian, Chinese companies for Russia links?
['content', 'advertising', 'choices', 'manage', 'device']

The latest sanctions, coinciding with the anniversary of the Ukraine war, touch New Delhi, Beijing for the first time.

Why has the EU sanctioned Indian, Chinese companies for Russia links?

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Feb. 29, 2024, 6:16 a.m.
Alibaba Cloud cuts prices – hard – for multi-year commitments in mainland China
Alibaba Cloud cuts prices – hard – for multi-year commitments in mainland China
['Alibaba', 'Cloud', 'price', 'customers', 'mainland']

This might solve its twin problems of low growth and short-term customers Alibaba Cloud has made significant price cuts for those willing to use its datacenters in mainland China and commit to multi-year deals.…

Alibaba Cloud cuts prices – hard – for multi-year commitments in mainland China

Alibaba Cloud has made significant price cuts for those willing to use its datacenters in mainland China and commit to multi-year deals. Object storage prices can fall 55 percent under some deals, helped by the extension of Alibaba Cloud's reserved capacity terms - from one year to between two and five years. The Register understands Alibaba hopes to win more customers in mainland China, and to encourage local businesses to adopt cloud and consider AI. Alibaba Cloud customers outside mainland China are welcome to use the lower prices. The discounts were announced weeks after Alibaba Cloud revealed that its growth had stalled, other than among Alibaba Group companies. Alibaba Cloud is not alone in trying to make long-term commitments attractive. Alibaba would understand that aspect of cloud economics, and almost certainly employs the finance wonks capable of modelling them for its own business. That it has reached similar conclusions about how best to price its cloud using long deals is therefore no surprise - especially for an organization whose cloudy thinking has so often reached the same conclusions as its Western rivals.

Feb. 29, 2024, 4:34 a.m.
Marine Corps Prototype SLV Landing Ship To Operate Near Contested Asian Waters
Marine Corps Prototype SLV Landing Ship To Operate Near Contested Asian Waters
['Marine', 'vessel', 'SLV', 'Corps', 'test']

Just a year after unveiling the concept, a new U.S. Marine Corps stern landing vessel, the HOS Resolution, is heading to Asia—where it may raise China's ire.

Marine Corps Prototype SLV Landing Ship To Operate Near Contested Asian Waters

A year after the U.S. Marine Corps Warfighting Lab announced an initiative to transform simple oil-field oriented Offshore Support Vessels into a test fleet of up to three "Stern Landing Vessels", or SLVs, the project is moving ahead. The first modified SLV ship, the HOS Resolution, is in service, testing has begun, and the Marine Corps has already indicated these vessels will soon head for contested Asian waters. Gidget Fuentes, reporting for USNI News, noted the first SLV's arrival on the West Coast, and highlighted future plans, writing "The vessel will head to Hawaii and then onto Japan, where it's expected to support the 12th Marine Littoral Regiment." This is fascinating news for both China-watchers and island-hopping Marine Corps strategists, as the SLV could make the South China Sea a far more interesting place. As a simple, robust mobile platform, an SLV is an ideal means to help the Philippines reinforce their presence at contested atolls in the South China Sea or elsewhere. MORE FOR YOU. As an American vessel, the HOS Resolution could certainly join in on some big, multilateral exercises off Ayungin Shoal, working to support Filipino Marines aboard their decaying base, the BRP Sierra Madre, a long-grounded World War II-era tank landing ship, or LST. There's a good chance the HOS Resolution may stay out in Asian waters. As an aging platform-and a thoroughly civilianized one at that-it could, after the Marine Corps charter ends, be easily transferred to the Philippines. With American Marines already reportedly racing to test "With the Tactical Resupply Unmanned Aerial System, or TRUAS, a 150-pound drone-like unmanned aircraft," the Marine Corps is well on their way in testing new tools and new doctrine for, say, future Atoll Support/Help Operation Lift Endeavors.

Feb. 29, 2024, 4:22 a.m.
Secret military files reveal when Russia would consider using nuclear weapons, including the destruction of 20% of its ballistic missile submarines: FT
Secret military files reveal when Russia would consider using nuclear weapons, including the destruction of 20% of its ballistic missile submarines: FT
['nuclear', 'Russia', 'war', 'China', 'weapons']

One of the scenarios for using nuclear weapons included if 20% of Russia's ballistic missile submarines were destroyed, The Financial Times reported.

Secret military files reveal when Russia would consider using nuclear weapons, including the destruction of 20% of its ballistic missile submarines: FT

The 29 leaked files pertain to tactical nuclear weapons and are dated from 2008 to 2014, meaning they're at least 10 years old. The documents do outline detailed conditions for how much of Russia's military defense system needs to be destroyed to trigger nuclear warfare, per the FT. For example, Russia may use nuclear weapons if 20% of its strategic ballistic missile submarines are eliminated, the outlet reported. Per the FT, one scenario involves using tactical nuclear weapons to stop China from pushing further into Russia with "Second-echelon units," a term that typically refers to a second invasion wave that would support and reinforce an initial assault. China has publicly maintained that it adheres to a "No first use" nuclear policy and would only use nuclear weapons in response to a nuclear attack. The FT reported that a spokesperson for Russian President Vladimir Putin challenged the "Authenticity" of the documents when asked about the nuclear files. Since Russia invaded Ukraine in 2022, Putin has upped the ante around his nuclear rhetoric - so much so that some military officials and experts have begun to raise doubts about the Russian leader's threats. In September 2022, after Russia began the partial mobilization of reservists for the war in Ukraine, Putin raised the specter of nuclear war, proclaiming that his warnings were "Not a bluff."

Feb. 29, 2024, 3:56 a.m.
Tuvalu reaffirms Taiwan ties, plans to revise Australia security pact
Tuvalu reaffirms Taiwan ties, plans to revise Australia security pact
['content', 'advertising', 'choices', 'manage', 'device']

New government pledges to keep up ties with Taiwan, ending speculation it may switch diplomatic recognition to China.

Tuvalu reaffirms Taiwan ties, plans to revise Australia security pact

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Feb. 29, 2024, 3:44 a.m.
China's economy looks like a mess — but some sectors are quietly doing well in its '2-speed economy'
China's economy looks like a mess — but some sectors are quietly doing well in its '2-speed economy'
['China', 'economy', 'industries', 'New', 'year']

"Consistent bad news from the property sector has overshadowed more resilient parts of the economy," analysts at AllianceBernstein wrote.

China's economy looks like a mess — but some sectors are quietly doing well in its '2-speed economy'

"What we're seeing in the Chinese economy really is that it's a two-speed economy," John Lin, the chief investment officer of China Equities at AllianceBernstein, told Bloomberg TV in January. Real estate - which was a huge part of China's economy - had been hit badly, he said. In particular, China is championing what it calls the "New three" industries of electric vehicles, lithium-ion batteries, and solar cells to drive its economy. Travel has picked up after years of pandemic lockdowns Services are another pillar of China's economy that Beijing has been trying to build up. China still needs time to drive new industries to replace real estate China's immediate economic outlook isn't great. Because the property market accounts for one-quarter of China's GDP and more than two-thirds of household wealth, its overall drag on China's economy is much greater than whatever is doing well right now. For comparison, the "New three" sectors and their associated upstream sectors contributed 11% to China's GDP in 2023.

Feb. 29, 2024, 3:38 a.m.
China's Alibaba Cloud rolls out price cuts of up to 55% on cloud products
China's Alibaba Cloud rolls out price cuts of up to 55% on cloud products
['cookie', 'agree', 'party', 'third', 'personalized']

The cloud arm of Chinese e-commerce giant Alibaba said that the price discount on more than 100 core cloud products will go up to 55%, and that they will be rolled out with immediate effect.

China's Alibaba Cloud rolls out price cuts of up to 55% on cloud products

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Feb. 29, 2024, 3:26 a.m.
Marcos says China naval presence off Philippine coast 'worrisome'
Marcos says China naval presence off Philippine coast 'worrisome'
['content', 'service', 'information', 'device', 'based']

Manila (AFP) Feb 28, 2024 Philippine President Ferdinand Marcos said Wednesday the presence of Chinese warships in waters off the Southeast Asian country's coast was "worrisome". His comments came after the Philippine Coast Guard said Chinese navy vessel…

Marcos says China naval presence off Philippine coast 'worrisome'

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Feb. 29, 2024, 2:48 a.m.
How Chinese science fiction went from underground magazines to a Netflix blockbuster
How Chinese science fiction went from underground magazines to a Netflix blockbuster
['China', 'sci-fi', 'Chinese', 'fiction', 'science']

For a few days in October 2023, the capital of the science fiction world was Chengdu, China. Fans traveled from around the world as Worldcon, sci-fi's biggest annual event, was held in the country for the first time.

How Chinese science fiction went from underground magazines to a Netflix blockbuster

CHENGDU, China - For a few days in October 2023, the capital of the science fiction world was Chengdu, China. For Chinese fans like Tao Bolin, an influencer who flew from the southern province of Guangdong for the event, it felt like the world finally wanted to read Chinese literature. The event embodied the contradictions that Chinese science fiction has faced for decades. With a big-budget Netflix adaptation of his ''The Three-Body Problem'' set to drop in March, produced by the same showrunners as ''Game of Thrones,'' Chinese sci-fi could reach its biggest audience yet. ''Sci-fi has always been a bridge between different cultures and countries,'' says Yao Haijun, the editor-in-chief of Science Fiction World, China's oldest sci-fi magazine. A GIANT LEAP FOR THE GENRE. China's science fiction community faced suspicion at home as well. Science fiction magazines such as Chengdu's Science Fiction World started being launched in the late 1970s and early 1980s, as China began opening to the world after the Mao era.

Feb. 29, 2024, 2:07 a.m.
Fired scientists in Canada failed to protect sensitive information, newly released records say
Fired scientists in Canada failed to protect sensitive information, newly released records say
['content', 'service', 'information', 'device', 'based']

Two scientists at Canada's top infectious disease laboratory lost their jobs after reviews found they failed to protect sensitive assets and information, and failed to acknowledge collaborations with China, newly released records show.

Fired scientists in Canada failed to protect sensitive information, newly released records say

Your profile can be used to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests. Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services, possible interests and personal aspects. Information regarding which content is presented to you and how you interact with it can be used to determine whether the content e. g. reached its intended audience and matched your interests. Reports can be generated based on the combination of data sets regarding your interactions and those of other users with advertising or content to identify common characteristics. Information about your activity on this service, such as your interaction with ads or content, can be very helpful to improve products and services and to build new products and services based on user interactions, the type of audience, etc. Content presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type, or which content you are interacting with. Certain information is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device.

Feb. 29, 2024, 1:41 a.m.
Apple's rare iPhone discount in China highlights challenges
Apple's rare iPhone discount in China highlights challenges
['site', 'Password', 'log-in', 'save', 'visit']

As the smartphone market in China continues to shrink amid a worldwide drop in demand in 2023, and with Chinese brands aiming to make a comeback on their home turf, market watchers are pessimistic about Apple's prospects in China in 2024. To combat the substa…

Apple's rare iPhone discount in China highlights challenges

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Feb. 29, 2024, 1:36 a.m.
Chinese Automaker BYD Looking for Mexico Plant Location, Executive Says
Chinese Automaker BYD Looking for Mexico Plant Location, Executive Says
['MEXICO', 'BYD', 'Chinese', 'market', 'U.S.']

MEXICO CITY — Chinese electric vehicle maker BYD is looking for a location in Mexico to set up a factory aimed at boosting the company's share of the local market, BYD Americas CEO Stella Li told Reuters on Wednesday. The company expects to choose a locatio…

Chinese Automaker BYD Looking for Mexico Plant Location, Executive Says

MEXICO CITY - Chinese electric vehicle maker BYD is looking for a location in Mexico to set up a factory aimed at boosting the company's share of the local market, BYD Americas CEO Stella Li told Reuters on Wednesday. BYD outpaced former market leader Tesla in EV sales globally in the fourth quarter of 2023, and auto industry officials say its push into Mexico foreshadows a competitive threat the Shenzhen-based automaker and others from China may pose to companies already operating in the U.S. market. A U.S. manufacturing advocacy group, the Alliance for American Manufacturing, this month warned low-cost Chinese cars and parts could threaten the viability of auto companies in the U.S. The group called on Washington to block the import of low-cost Chinese autos and parts from Mexico to prevent an "Extinction-level event" for the U.S. auto sector. Li said BYD's Mexico ambitions are solely geared at local sales, adding the company is scouting for factory sites in central and southern areas rather than northern Mexico near the U.S. border, where she said transportation costs to reach consumers would be expensive. BYD is particularly cost-competitive and aggressive among Chinese players, according to executives from its Chinese rivals already selling cars in Mexico. Cost advantages for BYD come from its early investment in EV technology and a high degree of vertical integration the company has achieved over the years, experts say, not unlike Tesla TSLA. O. Like its American EV rival, BYD produces an array of automotive components and systems on its own, from batteries to motors to power management chips to dashboard screens. BYD executives announced on Wednesday the automaker will begin selling its Dolphin Mini electric vehicle in Mexico at 358,800 pesos, less than half the price of the cheapest Tesla.

Feb. 29, 2024, 12:15 a.m.
Buy Your Eclipse Glasses Now Before It's Too Late, Say Experts
Buy Your Eclipse Glasses Now Before It's Too Late, Say Experts
['eclipse', 'glasses', 'people', 'day', 'Lewin']

Industry warns that stocks of U.S.-made solar eclipse glasses will run low before the total solar eclipse on April 8 in North America due to unprecedented demand.

Buy Your Eclipse Glasses Now Before It's Too Late, Say Experts

With around six weeks to go until a major solar eclipse across North America, experts are warning the public that stocks of U.S.-made safe eclipse glasses will run low. "In 2017, there were 12 million people within the path of totality," said Jo Trizila, founder and CEO of TrizCom Public Relations & Pitch PR and the creator of Total Eclipse DFW. "In 2024, this number will more than double to over 32 million. The need for solar eclipse glasses is unprecedented," said Trizila. "The bulk of sales start about now through the eclipse, and there's going to be a mad rush at the last minute," said Pat Steele, owner of Kingman, Arizona-based Thousand Oaks Optical, which manufactures the all-important silver-black polymer film used by the two major producers of eclipse glasses in the U.S.-Rainbow Symphony and American Paper Optics. Consumer orders have increased by about 400% in the last few months, according to the Bartlett, Tennessee-based company, which is currently making 500,000 eclipse glasses each day. Price hikes are common in the weeks before an eclipse as demand surges, both online, in stores and from street-sellers on eclipse day itself. The main difference between 2017 and 2024 is increased supply of eclipse glasses from China. "They're just flooding the market," said Dan McGlaun, an eclipse expert at Eclipse2024. org who only sells eclipse glasses sourced from the major North American manufacturers, in an interview.

Feb. 28, 2024, 11:14 p.m.
In a Crisis, Could China Coerce Taiwan Through Cyberspace?
In a Crisis, Could China Coerce Taiwan Through Cyberspace?
['cyber', 'Taiwan', 'China', 'Chinese', 'force']

It’s important to understand China’s approach to offensive cyber operations in a potential Taiwan Strait crisis falling below the threshold of war.

In a Crisis, Could China Coerce Taiwan Through Cyberspace?

On January 31, FBI Director Christopher Wray testified to Congress that China's cyber actors are positioning to "Wreak havoc" against U.S. critical infrastructure, likely to prevent the United States from aiding Taiwan in the event of conflict. Chinese cyber actors leveraged offensive cyber operations in the "Fourth Taiwan Strait Crisis," following then-U.S. Speaker of the House Nancy Pelosi's 2022 visit to Taipei. Given the asymmetry in resources and numbers between Chinese attackers and Taiwanese defenders, many assume China could easily coerce Taiwan through cyberspace in a crisis. During the Third Taiwan Strait Crisis in 1996 and the aftermath of the Belgrade embassy bombing in 1999, China found the threat of its military insufficient and the threat of its nuclear arsenal non-credible. Chinese cyber forces, constrained by a lack of operational experience, the innate limits of effects operations, and their own force posture, will likely continue to fail to coerce Taiwan during future crises. For now, cyberattacks remain too insufficient, too unreliable, and too volatile a tool to effectively coerce Taiwan during a crisis. While China is unlikely to successfully coerce Taipei through cyberspace in the next Taiwan Strait crisis, it is incumbent on policymakers to ensure that this remains the case.

Feb. 28, 2024, 10 p.m.
Xi Jinping's Critics Arguably Know Economics Less Well Than He
Xi Jinping's Critics Arguably Know Economics Less Well Than He
['China', 'U.S.', 'much', 'government', 'economy']

The courage to do nothing is arguably the ultimate economic virtue.

Xi Jinping's Critics Arguably Know Economics Less Well Than He

It's something to think about as U.S. economic pundits start to write post-mortems on China's economy, while making their cases that "a China-dominated world is even less likely than it ever was." The words in quotes are from an editorial published at the Washington Post about China's "Tanking economy." One guesses that similar pieces were written by foreign and domestic editorialists back in 2001 about the U.S. Which is why economics writing can be a bit of an ass. So advanced is AI technology in China that the Biden administration has resorted to naively imposing export bans on companies like Nvidia, Intel INTC +2.5%, and AMD as a way of limiting technology sales that "Could fuel breakthroughs in artificial intelligence and sophisticated computers" in China, and that would logically make their way here. MORE FOR YOU. Back to the U.S., but with China's aging population top of mind, evidence that Americans don't think much of our own "Social safety net" can be found in the massive growth of private sector savings vehicles that more and more Americans do rely on since Social Security pays so little. Much more crucially for Americans overall, the editorial points out that "China remains a top U.S. trading partner." Yes it does. The only closed economy is the world economy, and if China's economy declines it will be felt here. Still, for now there's no evidence that "Forever" has arrived in China as evidenced by just how much U.S. companies are betting on a better tomorrow there. As for Xi's refusal to do much in response to economic troubles in China, the view here is that his do-nothing stance reveals a level of sound economic knowledge that isn't always evident in his critics.

Feb. 28, 2024, 9:48 p.m.
Who owns prehistory? How debate over fossils in China shaped the relationship between science and sovereignty
Who owns prehistory? How debate over fossils in China shaped the relationship between science and sovereignty
['content', 'service', 'information', 'device', 'based']

Many museums and other cultural institutions in the West have faced, in recent years, demands for artistic repatriation. The Elgin Marbles, currently housed in the British Museum, are perhaps the most prominent subject of this charge, with numerous appeals ha…

Who owns prehistory? How debate over fossils in China shaped the relationship between science and sovereignty

Your profile can be used to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests. Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services, possible interests and personal aspects. Information regarding which content is presented to you and how you interact with it can be used to determine whether the content e. g. reached its intended audience and matched your interests. Reports can be generated based on the combination of data sets regarding your interactions and those of other users with advertising or content to identify common characteristics. Information about your activity on this service, such as your interaction with ads or content, can be very helpful to improve products and services and to build new products and services based on user interactions, the type of audience, etc. Content presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type, or which content you are interacting with. Certain information is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device.

Feb. 28, 2024, 9:06 p.m.
Better air quality is linked to reduced suicide rates, study finds
Better air quality is linked to reduced suicide rates, study finds
['pollution', 'suicide', 'air', 'rate', 'Carleton']

Researchers in the United States and China have discovered a curious link between air pollution and suicide rates that prompts us to reconsider how to approach this issue. China's efforts to reduce air pollution have prevented 46,000 suicide deaths in the cou…

Better air quality is linked to reduced suicide rates, study finds

Researchers in the United States and China have discovered a curious link between air pollution and suicide rates that prompts us to reconsider how to approach this issue. Carleton and co-lead author Peng Zhang, a former UCSB doctoral student, teamed up with researchers in Xanghai and Beijing to examine the effects of China's recent crackdown on air pollution on suicide rates across the country. This relatively random phenomenon enabled Carleton, Zhang and their co-authors to isolate the effects of air pollution on suicide rates. "Suicide rates increase substantially when air pollution rises," the authors found. "Thirty years of warming in India led to about the same magnitude of suicide effects as about five years of air pollution control in China," she explained. More information: Peng Zhang et al, Estimating the role of air quality improvements in the decline of suicide rates in China, Nature Sustainability. Citation: Better air quality is linked to reduced suicide rates, study finds retrieved 29 February 2024 from https://phys. org/news/2024-02-air-quality-linked-suicide.

Feb. 28, 2024, 9 p.m.
'It destroyed my childhood fantasy': Dairy lovers react to Chinese people trying cheese for the first time
'It destroyed my childhood fantasy': Dairy lovers react to Chinese people trying cheese for the first time
['content', 'service', 'information', 'device', 'based']

Chinese food (or at least a watered-down, fusion-led version of it) is one of the most popular cuisines in the world, and China itself is famously host to all kinds of culinary delicacies. However, it has one big oversight that the Western mind cannot compreh…

'It destroyed my childhood fantasy': Dairy lovers react to Chinese people trying cheese for the first time

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Feb. 28, 2024, 8:47 p.m.
Arnaud Lagardère Elated By 'Unbelievable' Growth In Travel Retail As Revenue Tops $8.8 Billion
Arnaud Lagardère Elated By 'Unbelievable' Growth In Travel Retail As Revenue Tops $8.8 Billion
['retail', 'Lagardère', 'travel', 'million', 'group']

The duty-free division saw soaring sales, led by the EMEA region, and a jump in operating margin.

Arnaud Lagardère Elated By 'Unbelievable' Growth In Travel Retail As Revenue Tops $8.8 Billion

French media-to-retail giant Lagardère Group's share price has seen a revival in the past few days and nudged close to €21 on Wednesday after the company revealed strong revenue for 2023, driven by its travel retail business, Lagardère Travel Retail. The group sees a bright future and is surfing the wave of Lagardère Travel Retail's success. There, revenue broke the €5 billion barrier, up 23% like-for-like while recurring EBIT soared by 80% to €245 million whereas it was stagnant for Lagardère Publishing, but still higher at €301 million. The percentage difference in travel retail's like-for-like and reported percentages was largely due to a negative currency effect. He told investors last night: "We are extremely happy. We are taking advantage of travel retail and investing in that business unit where the growth is unbelievable. We don't want to miss out on this momentum." In a statement, he added: "In 2023, we achieved performance levels not seen for 15 years. At Lagardère Publishing, vigorous trading helped maintain elevated revenue and profitability, despite a softer publishing market Lagardère Travel Retail took full advantage of the growth in domestic, regional and international air traffic across its various locations, particularly in the EMEA region." Lagardère Travel Retail looks to be in a good position going forward, except in Greater China where the economic situation remains uncertain and where 7% of the division's revenue comes from.

Feb. 28, 2024, 8:07 p.m.
Transparency Will Go a Long Way To Patch Up U.S.-China Relations | Opinion
Transparency Will Go a Long Way To Patch Up U.S.-China Relations | Opinion
['Trade', 'transparency', 'Chinese', 'more', 'China']

There is nothing transparent about Chinese state-sponsored theft of American intellectual property, surveillance, or arbitrary enforcement of national security laws.

Transparency Will Go a Long Way To Patch Up U.S.-China Relations | Opinion

Trade relations between China and the United States-the two largest economies in the world-are suffering from rising tensions and heightened geopolitical risk. The United States should take two steps right now to increase transparency in global trade. With China increasingly shifting its components or its manufacturing operations overseas to circumvent laws such as the Uyghur Forced Labor Prevention Act, new and revised trade agreements could be an opportunity to give greater teeth to rules of origin requirements-adding substantial trade transparency and preventing China from flouting restrictions aimed at curbing their abuses. This drive for greater transparency promotes a more ethical global economy, but is also a powerful tool for pushing back against Chinese efforts to promote opacity and secrecy-practices that the CCP has used to cover up forced labor in Xinjiang, Belt and Road Initiative corruption in Kenya, and a million COVID deaths at home. For more than four decades, we gambled that economic integration with China would lead to an open, rules-based trading environment. If China wants to rebuild trust with its most important trading partner, it will need to pivot toward greater transparency and openness-and the rules to which it signed on many years ago. America, by demanding greater transparency into rules of origin and supply chains, can help usher China into an uncomfortable but necessary economic dilemma: pivot towards transparency or become increasingly marginalized and mistrusted in lucrative Western markets.

Feb. 28, 2024, 8 p.m.
Chinese EV Giant BYD Challenges Tesla's Plaid EVs With $233,000 'U9' Supercar
Chinese EV Giant BYD Challenges Tesla's Plaid EVs With $233,000 'U9' Supercar
['BYD', 'car', 'Tesla', 'electric', 'likely']

The leading Chinese vehicle maker passed Tesla as the top EV seller in China in late 2023. Now, it is reportedly shipping the sleek U9 supercars to early buyers.

Chinese EV Giant BYD Challenges Tesla's Plaid EVs With $233,000 'U9' Supercar

BYD, the massive Chinese vehicle maker better known for its electric transit buses, forklifts, monorail trains and efficiency-first electric cars, has channeled its EV expertise into a sleek all-electric supercar aimed squarely at Tesla's Plaid series of pavement scorchers - and many other high-performance icons. BYD recently passed Tesla as the top seller of electric vehicles in China late last year and continues to grow market share despite the recent pullback on all-electric cars in most international markets. The U9 is a low-volume halo car capable of a claimed sub-2.4 second 0-60 time and a top speed brushing up against 200 mph. The motor draws power from a 100kWh battery pack, and range is a claimed 600-plus miles, which is likely optimistic since current three-motor Tesla Plaid models have about the same size battery pack and less total power output, and can only go about 360 miles at the most. Like Tesla, BYD is heavily invested in solar energy, battery production and materials research. While the Tesla Model S Plaid seats five, the U9 only has room for two. BYD's American website shows another car, called the Han, a more mild four-door EV that still has a strong performance quotient and seats four or five people in a much less radical and vaguely Model S style, including retractable door handles.

Feb. 28, 2024, 7:41 p.m.
AI features on iOS 18 might increase sales in China
AI features on iOS 18 might increase sales in China
['block', 'page', 'include', 'security', 'action']

DigiTimes has reported that AI features on the upcoming iOS 18 system might improve iPhone sales in China. The online post claims that the Chinese market has a propensity for high-end devices and that Apple is falling behind versus rival brands offering folda…

AI features on iOS 18 might increase sales in China

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Feb. 28, 2024, 6:32 p.m.
US Ally Spots 50 Chinese Ships in Disputed South China Sea Waters
US Ally Spots 50 Chinese Ships in Disputed South China Sea Waters
['China', 'Chinese', 'Philippine', 'ship', 'guard']

Chinese navy, coast guard and "maritime militia" are among the ships prowling inside the Philippines' exclusive economic zone.

US Ally Spots 50 Chinese Ships in Disputed South China Sea Waters

The game of chicken between China and U.S. defense treaty ally the Philippines continues in the South China Sea, with Manila saying there are currently about 50 Chinese ships in contested waters. China seized de facto control over Scarborough Shoal in 2012 and claims the area, like much of the South China Sea, as its territory. The West Philippine Sea is Manila's term for areas of the South China Sea lying within the Philippines' internationally recognized exclusive economic zone. Trinidad said ships included grey hulls of China's People's Liberation Army Navy, white-hulled Chinese coast guard ships, and "Fishing vessels." He confirmed some of the fishing vessels were part of China's so-called maritime militia fleet, which China deploys in tandem with its coast guard to assert its claims. At a press briefing Tuesday, Trinidad said there were four China Coast Guard ships and 10 to 17 Chinese fishing vessels at Scarborough Shoal. Two Chinese coast guard vessels and four fishing boats were seen near another South China Sea hotspot, Second Thomas Shoal, where the Philippines houses a contingent of marines on a rusting 80-year-old warship deliberately grounded in 1999 to stake Manila's claim. President Joe Biden and other American officials have affirmed that the pact extends to Philippine assets anywhere, including the South China Sea.

Feb. 28, 2024, 5:55 p.m.
Apple Shareholders Shoot Down Proposal To Investigate Human Rights Concerns Amid China Collaboration
Apple Shareholders Shoot Down Proposal To Investigate Human Rights Concerns Amid China Collaboration
['Apple', 'proposal', 'China', 'company', 'app']

Apple voted down a proposal that would require an investigation to be done to analyze if the company was following its own human rights policy positions.

Apple Shareholders Shoot Down Proposal To Investigate Human Rights Concerns Amid China Collaboration

Apple shareholders voted down a proposal on Wednesday that would require an internal investigation to be done to analyze if the company was following its own human rights policy positions. Apple has sought to maintain strong ties with China, with Tim Cook, Apple CEO, visiting the country and praising the two's long history of cooperation last year, according to Reuters. "Considering these examples, it appears the Company's principles to 'empower and connect people' as 'a force for good' - while remaining 'engaged' even where it disagrees with a government and its laws, by still making its products 'available' to users - has its limits," the proposal stated about the apparent discrepancies to the different approaches to potential human rights abuses. There were a total of five proposals brought by shareholders, all of which Apple recommended denying, including another proposal that similarly calls for an investigation to report on the company's support for groups hostile to freedom of expression, such as the Chinese Communist Party, asset manager and Apple shareholder Strive told the Daily Caller News Foundation. Apple removed popular Bible and Quran reading apps from the Chinese app store following pressure from the CCP. "We are transparent about our approach to complex situations and commitment to engagement," Apple said in a statement opposing the proposal. In the past, Apple has been alleged to have ties to forced labor programs facilitated by the CCP involving the Uyghur Muslims in China's Xinjiang province. "At Strive, we know that China risk is investment risk," Justin Danof, EVP of corporate governance at Strive, told the DCNF. "Apparently, that's a hazard that other shareholders are willing to ignore, perhaps because many of them have conflicts when it comes to China. Apple says all the right things as it relates to human rights. However, the proposal elucidates many instances where the company's actions in war zones and oppressive regimes don't match the rhetoric. Many companies are rightly called out for greenwashing. This proposal rightly calls out Apple for human rights-washing."

Feb. 28, 2024, 5:20 p.m.
Chinese Company Applies to Trademark Shohei Ohtani's Name
Chinese Company Applies to Trademark Shohei Ohtani's Name
['trademark', 'name', 'China', 'Dodgers', 'Ohtani']

The Dodgers slugger joins the ranks of Eileen Gu and Hanyu Yuzuru, whose names have been trademarked in China without permission.

Chinese Company Applies to Trademark Shohei Ohtani's Name

A Chinese company has applied to trademark the name of Japanese baseball star Ohtani Shohei to use on merchandise, including hats and clothing, without his permission. Ohtani wouldn't be the first athlete to have their name trademarked in China without permission, as attempts to trademark the names of popular brands or celebrity athletes are commonplace in the country. The application to trademark his name, including in Japanese script, was filed by a clothing company in Putian, a city in Fujian province, in December, the same month the Dodgers announced the slugger had signed his record-breaking, 10-year contract with the team. In a recorded interview with the news channel, a representative for the Chinese firm acknowledged it had registered the name with the country's trademark office. The broadcaster reported that in the past, the Chinese firm had also applied to trademark the names of luxury brands-including Bvlgari, Hermes, and Cartier, albeit with the letters slightly rearranged. A search for her name on the China Trademark Office website yields dozens of applications. Japanese figure skater Hanyu Yuzuru is another athlete popular in China, and his name likewise has over a dozen applications on the China Trademark Office website.

Feb. 28, 2024, 5:05 p.m.
Record-smashing Chinese maglev hyperloop train hits 387 mph and could someday outpace a plane
Record-smashing Chinese maglev hyperloop train hits 387 mph and could someday outpace a plane
['train', 'hyperloop', 'mph', 'speed', 'test']

The T-Flight is a maglev train that hit a record-breaking speed of 387 mph on a short test track — but engineers want to double that rate so the train can carry passengers at speeds faster than if they were traveling by plane.

Record-smashing Chinese maglev hyperloop train hits 387 mph and could someday outpace a plane

China says its maglev hyperloop train has broken the world speed record in a test run, reaching a blistering 387 mph. Ultimately, its makers want to build a train more than three times as fast that will break the sound barrier and outpace airplanes. Hyperloop trains work by pushing magnetically levitating pods through tunnels with very little air resistance. The previous record holder for the fastest maglev train is the L0 Series SCMaglev in Japan, according to JRPass, which can hit a top speed of 375 mph. In the T-Flight's second phase of testing, CASIC aims to extend the track to 37 miles and allow the train to reach 621 mph. At this theoretical top speed, the maglev train would be even faster than a passenger jet, which cruises at an average range between 575 and 600 mph, according to Simple Flying. Hyperloop systems can move vehicles or pods at speeds much faster than conventional trains - most of which are restricted to 59 mph in the U.S. Elon Musk first proposed a hyperloop system for the U.S. in 2013, but more than a decade later, Musk's vision has yet to see the light of day.

Feb. 28, 2024, 4:14 p.m.
Chinese Automakers Shocked at Apple's Decision to Cancel Car Project
Chinese Automakers Shocked at Apple's Decision to Cancel Car Project
['iPad', 'iPadOS', 'Pro', 'models']

Apple's decision to cancel its electric vehicle project has surprised ambitious new Chinese automakers like Xiaomi, the South China Morning Post reports. Yesterday, Bloomberg's Mark Gurman revealed that after a decade of work and millions of dollars in d…

Chinese Automakers Shocked at Apple's Decision to Cancel Car Project

iPadOS 18 will drop support for iPad models equipped with the A10X Fusion chip, according to a post on X today from a private account with a proven track record of sharing build numbers for upcoming iOS and iPadOS updates. This means that iPadOS 18 would not be compatible with the first-generation 10.5-inch iPad Pro or the second-generation 12.9-inch iPad Pro models released in 2017.

Feb. 28, 2024, 4:03 p.m.
China's Answer To 737 MAX, A320—C919 Continues 6 Country Show Tour
China's Answer To 737 MAX, A320—C919 Continues 6 Country Show Tour
['airline', 'COMAC', 'Aircraft', 'C919', 'China']

The first C919, registered as B-919A and operated by China Eastern, was a static display at the Singapore Airshow, showcasing the aircraft’s cabin.

China's Answer To 737 MAX, A320—C919 Continues 6 Country Show Tour

After its attention-grabbing appearance at the Singapore Airshow, the Commercial Aircraft Corporation of China continues its promotional tour of Southeast Asia featuring the C919, alongside COMAC's ARJ21 regional jet. The C919, poised to compete in the same operational segment as the Boeing BA -1.7% B737 MAX and Airbus A320, hopes to attract new airline customers as the duopoly contends with quality issues, supply chain bottlenecks, and other production challenges. COMAC's intensive six-country tour includes further stops in Laos, Cambodia, Malaysia, and Indonesia over the next two weeks, aiming for COMAC's market expansion beyond China. MORE FOR YOU. Since the program launch, COMAC has produced four C919 jets, all flying for China Eastern Airlines. COMAC announced a new order of 40 C919s in Singapore, notably from Tibet Airlines. As Reuters reported, Subhas Menon, director general of the Association of Asia Pacific Airlines, said during the Singapore Airshow that airlines in the region were receptive, if cautious, about COMAC as a third aircraft option. Gaining aircraft certification for the C919 outside of China might be a drawn-out process.

Feb. 28, 2024, 4 p.m.
Chinese influencer slammed for complaining about M'sian food
Chinese influencer slammed for complaining about M'sian food
['content', 'service', 'information', 'device', 'based']

AN online influencer from China was slammed by Malaysians after she claimed that the food was so terrible that “I nearly starved to death in the streets”, reported Sin Chew Daily. Read full story

Chinese influencer slammed for complaining about M'sian food

Your profile can be used to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests. Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services, possible interests and personal aspects. Information regarding which content is presented to you and how you interact with it can be used to determine whether the content e. g. reached its intended audience and matched your interests. Reports can be generated based on the combination of data sets regarding your interactions and those of other users with advertising or content to identify common characteristics. Information about your activity on this service, such as your interaction with ads or content, can be very helpful to improve products and services and to build new products and services based on user interactions, the type of audience, etc. Content presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type, or which content you are interacting with. Certain information is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device.

Feb. 28, 2024, 2:07 p.m.
Best Technology ETFs: Navigating The Finest For Investors
Best Technology ETFs: Navigating The Finest For Investors
['ETF', 'tech', 'companies', 'sector', 'exposure']

Here, we unveil 10 top tech ETFs powering the market in 2024, exploring diverse options for investors of all risk tolerances.

Best Technology ETFs: Navigating The Finest For Investors

Enter technology ETFs, investment vehicles that offer a compelling alternative for investors seeking exposure to the tech sector without the volatility of individual stocks. Here are 10 tech ETFs to make informed investment decisions. The Vanguard Information Technology ETF is a behemoth in the tech ETF world, boasting $64.2 billion in assets and top-notch liquidity. Fidelity MSCI Information Tech ETF FTEC. The Fidelity MSCI Information Tech ETF offers low-cost access to the US technology sector, tracking an index of leading tech companies. The KraneShares CSI China Internet ETF offers exposure to Chinese internet companies, currently ranking 3rd among the best performing tech ETFs in 2022 despite a 14.96% year-to-date decline. While the previous ETFs offered broader exposure to 5G, the AXS Esoterica NextG Economy ETF takes a more concentrated approach. By strategically selecting ETFs aligned with your objectives, you can potentially harness the power of technology to fuel your portfolio's growth.

Feb. 28, 2024, 1:55 p.m.
Breeding programs initiated in Vietnam to help turtle species threatened by extinction
Breeding programs initiated in Vietnam to help turtle species threatened by extinction
['content', 'service', 'information', 'device', 'based']

Considered a delicacy in China and Vietnam, the spotted softshell turtle faces threats from overconsumption and habitat loss. Conservationists have initiated breeding programs in Vietnam to recover spotted softshell turtle populations.

Breeding programs initiated in Vietnam to help turtle species threatened by extinction

Your profile can be used to present content that appears more relevant based on your possible interests, such as by adapting the order in which content is shown to you, so that it is even easier for you to find content that matches your interests. Content presented to you on this service can be based on your content personalisation profiles, which can reflect your activity on this or other services, possible interests and personal aspects. Information regarding which content is presented to you and how you interact with it can be used to determine whether the content e. g. reached its intended audience and matched your interests. Reports can be generated based on the combination of data sets regarding your interactions and those of other users with advertising or content to identify common characteristics. Information about your activity on this service, such as your interaction with ads or content, can be very helpful to improve products and services and to build new products and services based on user interactions, the type of audience, etc. Content presented to you on this service can be based on limited data, such as the website or app you are using, your non-precise location, your device type, or which content you are interacting with. Certain information is used to ensure the technical compatibility of the content or advertising, and to facilitate the transmission of the content or ad to your device.

Feb. 28, 2024, 1:55 p.m.
A threat to what is ours: How Japanese people react to perceived territorial infringements
A threat to what is ours: How Japanese people react to perceived territorial infringements
['threat', 'public', 'Japanese', 'territorial', 'Japan']

Throughout the world, it is common for threats to national sovereignty or territorial integrity to stir up strong emotions among the public. Now, researchers from Japan have found that the strength of the reaction to such threats can break down along politica…

A threat to what is ours: How Japanese people react to perceived territorial infringements

Throughout the world, it is common for threats to national sovereignty or territorial integrity to stir up strong emotions among the public. In a study published in Peace and Conflict: Journal of Peace Psychology, researchers from Osaka University have revealed that the Japanese public is highly sensitive to what are known as "Collective ownership threats", as might be expected given Japan's strongly collectivist and ethnically homogenous character. "Reports of threats to Japan's territorial rights over the islands, such as when a Chinese Coast Guard ship recently entered nearby waters, can cause significant public anxiety." To investigate how the Japanese public reacts to such infringements, the researchers conducted an online survey of more than 800 Japanese adults in February 2022. As part of this survey, the respondents were shown a fictitious newspaper article depicting a threat from China to Japan's collective ownership, economy, or culture and tradition. More information: Tomohiro Ioku et al, Cultural invariance and ideological variance of collective ownership threat in intergroup relations. Citation: A threat to what is ours: How Japanese people react to perceived territorial infringements retrieved 29 February 2024 from https://phys. org/news/2024-02-threat-japanese-people-react-territorial.

Feb. 28, 2024, 12:55 p.m.
How China Is Tantalizing – And Maddening – FX Traders Everywhere
How China Is Tantalizing – And Maddening – FX Traders Everywhere
['China', 'yuan', 'rate', 'economist', 'market']

Few economists had a rising yuan factored into their forecasts for 2024. Beijing is doing a surprisingly nimble job of keeping everyone guessing.

How China Is Tantalizing – And Maddening – FX Traders Everywhere

The most bipartisan issue imaginable ahead of November 5 would be punishing China for currency manipulation. There could be a third explanation: that Xi realizes that China has more to gain from a strong currency in the longer term than a weaker one. Xi's reform team has been slower than hoped to execute the financial Big Bang needed to prepare China for global primetime. The People's Bank of China is surprising most Asia economists by not slashing interest rates more assertively. For all the attention paid to default risks facing China Evergrande Group and other heavily indebted developers, the real worry may be leverage from local government financing vehicles, or LGFVs. Only time will tell if China blunders in the same way by acting too slowly and conservatively to avoid deflation. For now China is doing a surprisingly nimble job of keeping FX traders guessing in maddening ways.

Feb. 28, 2024, 12:50 p.m.
Scientists create single-atom catalysts for efficient electrooxidation of water
Scientists create single-atom catalysts for efficient electrooxidation of water
['catalyst', 'atoms', 'sites', 'Ir1/Ni', 'Single-atom']

Single-atom catalysts (SACs), due to their excellent catalytic activity, have been a hot topic in the field of energy catalysis. In SACs, the metal atoms are able to directly interact with the supports, thus maximizing the metal-support interface. The metal-s…

Scientists create single-atom catalysts for efficient electrooxidation of water

The metal-support interactions largely affect the electronic properties of single-atom catalysts and catalytic performance. A research team led by Prof. Zeng Jie from the Hefei National Research Center for Physical Sciences at the Microscale, the University of Science and Technology of China of the Chinese Academy of Sciences has constructed single-atom catalysts with efficient electrooxidation of water using site-specific MSIs. The researchers employed an electrochemical deposition strategy to effectively modulate the site-specific metal-carrier interactions of Ir single atoms anchored on Ni layered double hydroxide. The researchers revealed that, in accordance with the electrochemical deposition principle and X-ray absorption fine structure, Ir1/Ni LDH-T has more covalent bonds between the Ir sites and the coordinated oxygen from Ni LDH. The Ni 2p XPS peaks of Ir1/Ni LDH-T shifted to high binding energy, indicating stronger MSIs of Ir single atoms in Ir1/Ni LDH-T. The test results of electrocatalytic water oxidation reaction showed that the mass and intrinsic activities of Ir single-atom catalysts with strong MSIs were increased by 19.5 and 5.2 times, respectively. Oxygen-isotope-labeling in situ Raman spectra showed that the 18O-labeled oxygen in Ir1/Ni LDH-V and Ni LDH was readily exchanged with the 16O atoms in the electrolyte during the water oxidation reaction, suggesting that Ni was the main active sites in these two catalysts. More information: Jie Wei et al, Site-specific metal-support interaction to switch the activity of Ir single atoms for oxygen evolution reaction, Nature Communications. Citation: Scientists create single-atom catalysts for efficient electrooxidation of water retrieved 29 February 2024 from https://phys. org/news/2024-02-scientists-atom-catalysts-efficient-electrooxidation.

Feb. 28, 2024, 12:42 p.m.
Chinese Cyber Espionage Set To Ramp Up This Year
Chinese Cyber Espionage Set To Ramp Up This Year
['group', 'Cyjax', 'government', 'activity', 'more']

With China's economy foundering, it's likely to carry out more aggressive cyber espionage campaigns over the next year, designed to steal foreign intellectual property, according to a new report.

Chinese Cyber Espionage Set To Ramp Up This Year

With China's economy foundering, it's likely to carry out more aggressive cyber espionage campaigns, designed to steal foreign intellectual property, over the next year, according to a new report. As a result, predicts Cyjax, it's likely to ramp up its existing practice of attempting to steal intellectual property from Western companies, use subsidies and non-tariff barriers to build businesses and then create a protected domestic market to give them a global advantage. "China is a far more complex and nuanced territory than generally portrayed. Its internal pressures are likely to lead to increased cyber espionage activity, rather than slowing it down," said Ian Thornton-Trump, CISO at Cyjax. The report highlights a number of threat groups that Cyjax expects to see increasing their activities over the next year. The group targets and steals intellectual property from telecommunication, financial and government entities in Southeast Asia, Europe, Africa and the Middle East. Operation Soft Cell has also been linked to the notorious APT41, a financially motivated Chinese state-sponsored espionage group which has been active since 2012. Says Thornton-Trump: "With a better understanding of the country's internal forces, and how these relate to its cyber strategy, we can plan better defences against PRC cyber espionage."

Feb. 28, 2024, 12:41 p.m.
The flip foldable space is getting even more crowded this year
The flip foldable space is getting even more crowded this year
['Honor', 'foldable', 'flip', 'company', 'phone']

Honor just announced that it will enter the flip phone market this year

The flip foldable space is getting even more crowded this year

Honor plans to release a foldable flip phone this year, competing against brands like Motorola and Samsung in global markets. The company aims to bring its global sales on par with the sales in China in the next few years, with hopes that new devices like this upcoming foldable flip phone will help achieve this goal. Chinese manufacturer Honor has now confirmed plans to launch a clamshell foldable of its own, with the company's book-style foldable, the Magic V2, already making an impact with its thin form factor. Speaking to CNBC at the ongoing Mobile World Congress, Honor CEO George Zhao said the manufacturer intends to release a foldable flip phone this year, saying it's currently in the "Final stage" of internal testing. Fellow China-based manufacturer ZTE unveiled the Nubia Flip 5G at MWC this week, the company's first foldable flip phone, featuring a $600 price tag in global markets. The Motorola Razr is the closest thing that comes to a cheap foldable in the US, starting from $700. So if Honor decides to join the bandwagon, it will have to do so in the midst of some heavy competition, particularly in markets like Asia and Europe. Honor's currently available Magic V2 foldable retails for upwards of $2000 in some European markets, but it's likely the company will follow in the footsteps of Motorola, ZTE, and brands like Tecno by releasing a budget-friendly foldable flip phone.

Feb. 28, 2024, 11:31 a.m.
HUTCHMED Reports 2023 Full Year Results and Provides Business Updates
HUTCHMED Reports 2023 Full Year Results and Provides Business Updates
['million', 'HUTCHMED', 'China', 'sale', 'study']

(marketscreener.com) Revenue grew 97% to US$838 million, with net income of US$101 million First U.S. FDA approval of our self-developed medicine, FRUZAQLA™ Sovleplenib for ITP accepted for NDA review in China, with Priority Review status and Breakthrough The…

HUTCHMED Reports 2023 Full Year Results and Provides Business Updates

Strengthened cash balance, with $886.3 million at year end, ensures HUTCHMED is well placed to deliver on its objective of becoming a self-sustaining business. 2023 FULL YEAR RESULTS & BUSINESS UPDATES. Mr Simon To, Executive Chairman of HUTCHMED, said, "We have made significant progress throughout 2023. We executed against our commitment to bring our innovative medicines to patients worldwide with the U.S. FDA approval of FRUZAQLA™ in November 2023, while remaining dedicated to becoming a self-sustaining business. The Takeda partnership, which is one of the biggest small-molecule overseas licensing deals in the history of China biotech, strengthened our cash position by $435 million. Takeda delivered a successful U.S. launch within 48 hours of approval, and has subsequently seen strong early patient uptake." ELUNATE®(fruquintinib China) in-market sales in 2023 increased 15% to $107.5 million, reflecting its continued lead in market share; FRUZAQLA™ in-market sales in 2023 were $15.1 million, reflecting its U.S. launch in November 2023; SULANDA®(surufatinib) in-market sales in 2023 increased 36% to $43.9 million, reflecting its growing market share after two years on the NRDL; ORPATHYS®(savolitinib) in-market sales in 2023 increased 12% to $46.1 million. HUTCHMED is eligible to receive up to $1.13 billion, including the $400 million upfront received in April 2023, and up to $730 million in additional potential payments relating to regulatory, development and commercial sales milestones, of which a $35 million milestone payment was received in December 2023 after the approval by the U.S. FDA, as well as manufacturing income and royalties on net sales. Net Income attributable to HUTCHMED for 2023 was $100.8 million compared to Net Loss attributable to HUTCHMED of $360.8 million in 2022. Full year 2024 guidance for Oncology/Immunology consolidated revenue is $300 million to $400 million, driven by 30% to 50% growth target in oncology marketed product revenue. HUTCHMED's work in 2024 and beyond will be supported by its strong balance sheet, which grew by $255 million to $886 million in Cash, Cash Equivalents and Short-Term Investments as of December 31, 2023.