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April 23, 2024, 5 p.m.
The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world
The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world
['China', 'trade', 'Russia', 'threat', 'sanctions']

The US is drafting sanctions on Chinese lenders that facilitate trade with Russia, which is feared to be helping Moscow's war efforts.

The US is eyeing sanctions that could cut off some Chinese banks from the rest of the world

Lawmakers in Washington are actively drafting a round of sanctions against such banks, the aim being to completely cut these lenders off from the global financial system, The Wall Street Journal reports. Although this constitutes a more forceful step than seen before, the ballooning trade between Beijing and Moscow is feared to be helping Russia rebuild its war machine. While no weapons are exchanged, China has become the lead supplier of essential industrial components, from circuitry to aircraft parts. Previously, the threat of US secondary sanctions has already sparked a pullback in Chinese-Russian financial dealings, including restricted yuan payment transactions. New sanctions could go as far as cutting China from accessing the US dollar, the linchpin currency used in global trade. This would essentially shun Beijing from Western markets, a threat US officials are hoping will induce change on China's part. "China's right to conduct normal economic and trade exchanges with other countries, including Russia, is inviolable," Wang Webin, a spokesperson from China's foreign ministry responded to the sanctions threat in a Tuesday news briefing.

April 23, 2024, 4:06 p.m.
The Pentagon is 'not really' worried about China's new H-20 stealth bomber, defense official says
The Pentagon is 'not really' worried about China's new H-20 stealth bomber, defense official says
['bomber', 'military', 'official', 'China', 'stealth']

Another US military official previously shrugged off China's fifth-gen J-20 fighter jet as "anything to lose a lot of sleep over."

The Pentagon is 'not really' worried about China's new H-20 stealth bomber, defense official says

China's new bomber, the Xi'an H-20, is intended to rival America's new stealth bomber, but a US defense official told reporters on Monday it's "Not really" a concern. "They want to show that they're a great, you know, military power," the official said during a background briefing, per Breaking Defense and other defense outlets, but "That doesn't necessarily mean it actually delivers them the kind of capability that they would need or at the quantity that they would need." The official said that looking at the system design, "It's probably nowhere near as good" as US stealth platforms, "Particularly more advanced ones that we have coming down." A Chinese military official recently told Chinese media that additional information about the bomber would be made public in the near future. China has been heavily focused on military expansion and modernization, advancing its aviation through its state-owned companies such as China Aviation Industry Corporation, which has previously produced bombers, heavy transport planes, and fighter aircraft. Although the US official said that the H-20 bomber likely doesn't match up to American capabilities, they clarified at the press briefing that "We're not going to know they're not good until they're shooting at us, and I don't want to be in a position where I find out, 'Oh, they actually are that good.'". The Pentagon unveiled a new stealth bomber in 2022 that is currently in production and will eventually replace B-1 and B-2 fleets.

April 23, 2024, 3:46 p.m.
China somehow got its hands on advanced Nvidia chips, despite the sanctions
China somehow got its hands on advanced Nvidia chips, despite the sanctions
['chip', 'China', 'Reuters', 'server', 'Chinese']

Nvidia chips are still being bought and sold in China, despite US sanctions banning the sale

China somehow got its hands on advanced Nvidia chips, despite the sanctions

China has reportedly managed to successfully dodge Nvidia chip sanctions by purchasing server products produced by Super Micro Computer, Dell, and Taiwan's Gigabyte through resellers. A report from Reuters claims these servers then made their way to a number of Chinese universities and scientific research centers. The US government banned the sale of Nvidia chips to China in 2023, but Chinese law does not state that it is illegal to buy and sell the chips inside the country. The universities and research centers apparently circumvented the rules by buying the server products through 11 Chinese reseller companies, which Reuters reports could have used stockpiles that were accrued before the sanctions came into effect. In response to questions posed by Reuters, Nvidia said that any servers that were built with it's chips inside must be purchased and sold by third-parties in accordance with US restrictions, stating that "If we determine that any product was subsequently resold in violation of U.S. export control rules, we'll work with our customers to take appropriate action." Super Micro echoed this response, adding that the company complies with US sale restrictions. One factor that could account for China's acquisition of the banned chips is the difficulty of maintaining supply chain visibility from one vendor to another, said Daniel Gerkin, who is a Washington-based partner at law firm Kirkland & Ellis. While the documents Reuters was able to review were only a small portion of the transactions Chinese companies are making, the chips acquired by China could be used for military purposes, particularly if China uses more clandestine means to acquire the latest chips.

April 23, 2024, 3:30 p.m.
iPhone sales dive 19.1% in China as Huawei comeback hits Apple in the high end
iPhone sales dive 19.1% in China as Huawei comeback hits Apple in the high end
['content', 'service', 'information', 'device', 'based']

From first place to third as local brands grow iPhone sales in China - the world's largest smartphone market - slipped by 19.1 percent in Q1 year-over-year while many domestic brands rose, pushing Apple from first to third place.…

iPhone sales dive 19.1% in China as Huawei comeback hits Apple in the high end

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April 23, 2024, 2:26 p.m.
iPhone sales take a dip in China despite consecutive market growth
iPhone sales take a dip in China despite consecutive market growth
['market', 'share', 'quarter', 'Apple', 'growth']

Apple recorded a double-digit decline in its Chinese market share growth in Q1 2024. This came despite Chinese smartphone sales growing by 1.5% year-over-year in the quarter, with vivo at the top. Read more...

iPhone sales take a dip in China despite consecutive market growth

Counterpoint revealed in its latest report that China's smartphone market is on an upward trajectory and recorded a growth of 1.5% year-over-year in Q1 2024. The analytics firm said it was the second consecutive quarter of positive YoY growth for the Chinese market. Apple's market share dipped from 19.7% in Q1 2023 to 15.7% in Q1 2024, the report said. While vivo leads the pack with a 17.4% market share, Huawei is the one with a whopping 69.7% YoY growth in the first quarter. It's worth noting that the top six players in the Chinese market were only separated by 3% points in terms of market share. For reference, vivo recorded a market share of 17.4% and Xiaomi was at 14.6% in the first quarter. Speaking of vivo, although the company's growth slowed down a bit, its top spot in the quarter was propelled by Y35 Plus, Y36, and S18 models in the low to mid-end segment.

April 23, 2024, 1:37 p.m.
Chinese may be evading Nvidia GPU sanctions with Dell, Gigabyte, and Supermicro servers: Report
Chinese may be evading Nvidia GPU sanctions with Dell, Gigabyte, and Supermicro servers: Report
['Nvidia', 'sanctions', 'server', 'GPUs', 'China']

Investigations have provided evidence that China-based organizations could still get their hands on sanctioned Nvidia GPUs as recently as Feb 28, 2024. However, it is debatable whether the GPUs were in China before the extended sanctions were imposed last Nov…

Chinese may be evading Nvidia GPU sanctions with Dell, Gigabyte, and Supermicro servers: Report

Investigations have provided evidence that China-based organizations could still get their hands on sanctioned Nvidia GPUs as recently as Feb 28, 2024. According to Reuters, Chinese universities and research institutes may have sidestepped the sanctions on the most powerful GPUs by buying servers packing these powerful accelerators. Tender documents uncovered by Reuters reveal that ten Chinese entities acquired advanced Nvidia chips between Nov 20, 2023, and Feb 28, 2024, by simply ordering servers equipped with them. Remember, this sanctions policy adjustment even encompassed Nvidia GPUs like the GeForce RTX 4090 consumer graphics card. Nvidia supported its partners by claiming the documents "Do not indicate that any of our partners violated the export control rules." Nevertheless, Nvidia said it would investigate further. Of course, it isn't just Nvidia that will be policing potential sanctions breaches. Earlier this week we saw indications that ample stocks of servers and sanctioned Nvidia H100 GPUs are available to Chinese customers.

April 23, 2024, 1:20 p.m.
Aquatics GB 'extremely concerned' by failed tests
Aquatics GB 'extremely concerned' by failed tests
['tests', 'swimmers', 'positive', 'Aquatics', 'Anti-Doping']

Aquatics GB says it is "extremely concerned" after it emerged 23 Chinese swimmers tested positive for a banned drug before the Tokyo Olympics.

Aquatics GB 'extremely concerned' by failed tests

Aquatics GB says it is "Extremely concerned" after it emerged 23 Chinese swimmers tested positive for a banned drug before the Tokyo Olympics but were cleared to compete. The swimmers all tested positive for heart medication trimetazidine at a training camp seven months before the delayed Games in 2021. "We are extremely concerned by allegations concerning positive tests in the build-up to the Tokyo Olympics Games which were reported over the weekend," said Aquatics GB, formerly British Swimming. The details first emerged in the New York Times,, external which shared reporting with German broadcaster ARD. The World Anti-Doping Agency confirmed to the BBC it was informed of China Anti-Doping Agency's decision not to punish the swimmers in June 2021. Chinada's report said the swimmers that tested positive were staying at the same hotel and traces of TMZ were found in the kitchen, the extraction unit above the hall and drainage units. "Aquatics GB believes that every athlete is entitled to compete on a level playing field - and that means a commitment to clean sport," Aquatics GB said. "An immediate first step to repairing the damage of this cover-up is for governments to appoint an independent prosecutor to review the entire case file of the 23 positive tests and ensure that justice is delivered in these cases.

April 23, 2024, 12:28 p.m.
Apple's iPhone sales in China fell almost 20% — its worst quarter since 2020
Apple's iPhone sales in China fell almost 20% — its worst quarter since 2020
['sales', 'Apple', 'year', 'smartphone', 'China']

Apple’s iPhone sales in China fell 19% to start the year, according to new a report, Apple’s worst performance in the country since the beginning of the COVID-19 pandemic in 2020.Read more...

Apple's iPhone sales in China fell almost 20% — its worst quarter since 2020

Apple's iPhone sales in China fell 19% to start the year, according to new a report, Apple's worst performance in the country since the beginning of the COVID-19 pandemic in 2020. The drop was driven by competition from Apple's homegrown rival Huawei, which saw smartphone sales rise almost 70% after releasing its Mate 60 Pro series. Overall smartphone sales in China grew 1.5% year-over-year in the first quarter. iPhone sales in China fell 24% year-over-year in the first six weeks of 2024, due to competition with Huawei and "Abnormally high" sales the previous year. China's smartphone sales seem to be recovering back to a growth trajectory, Ethan Qi, an associate director at Counterpoint Research, said in a statement. "Apple's sales were subdued during the quarter as Huawei's comeback has directly impacted Apple in the premium segment," said Ivan Lam, a senior research analyst at Counterpoint Research. Lam also said it's possible iPhone sales will recover, as there is already a slow and steady improvement.

April 23, 2024, 11:25 a.m.
iPhone Sales in China Dropped Significantly in Q1 2024
iPhone Sales in China Dropped Significantly in Q1 2024
['growth', 'sales', 'smartphone', 'China', 'quarter']

iPhone sales in China declined significantly in the first quarter of 2024 as consumers turned to other premium smartphone brands, according to Counterpoint research. During the first quarter of the year, China's smartphone market experienced modest year-…

iPhone Sales in China Dropped Significantly in Q1 2024

iPhone sales in China declined significantly in the first quarter of 2024 as consumers turned to other premium smartphone brands, according to Counterpoint research. During the first quarter of the year, China's smartphone market experienced modest year-over-year growth of 1.5%, marking the second consecutive quarter of growth. This uptick in sales is largely attributed to strong sales performance from local manufacturers such as Huawei, which achieved a remarkable 69.7% growth compared to the same period last year. This growth was fueled by the launch of Huawei's Mate 60 series, a smartphone lineup that has significantly bolstered the company's dominance in the Chinese premium segment, typically characterized by devices priced over $600. In contrast, Apple saw its smartphone sales in China plummet by 19.1% year-over-year in the same quarter. Analysts point to Huawei's resurgence as a direct challenge to Apple as the main reason for this, primarily in the premium segment where the two companies compete head-to-head. Counterpoint anticipates that upcoming \u200ciPhone\u200c models with new color options and AI features could help to rejuvenate Apple's sales in the Chinese market. Looking ahead, the smartphone market in China is projected to see low single-digit growth throughout 2024.

April 23, 2024, 10:41 a.m.
Apple sinks to 3rd place in China as iPhone sales slide
Apple sinks to 3rd place in China as iPhone sales slide
['Apple', 'sales', 'iPhone', 'year', 'China']

The sales slump marks the iPhone's worst performance in China since 2020 and signals increasingly tough competition from rivals such as Huawei.

Apple sinks to 3rd place in China as iPhone sales slide

It's sunk from first to third place in the Chinese smartphone market after iPhone sales tumbled 19% in the first three months of the year, according to estimates from Counterpoint Research. Chinese-based rivals Vivo and Honor outpaced Apple's sales in the first quarter of the year, per Counterpoint data. In stark contrast with Apple's slide, Huawei sales soared by almost 70% compared with the first three months of 2023. Counterpoint research analyst Ivan Lam said in a note that Huawei's surge had directly affected iPhone sales in China. Huawei's rise has given Apple CEO Tim Cook a new headache, given he's already dealing with disappointing iPhone 15 sales and government bans in China. Cook went to China in March to visit Apple's newest store in Shanghai and attend the high-profile China Development Forum in Beijing. Despite the stiff competition, Lam said iPhone sales could still reverse their downward slide.

April 23, 2024, 10:26 a.m.
Germany arrests far-right MEP's aide amid suspicions of spying for China
Germany arrests far-right MEP's aide amid suspicions of spying for China
['content', 'advertising', 'choices', 'manage', 'device']

Worries over efforts to sway upcoming EU elections rise, with MEP Krah also probed over Russian influence operation.

Germany arrests far-right MEP's aide amid suspicions of spying for China

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April 23, 2024, 8:42 a.m.
Wolff: Mercedes can't just keep living off F1 'bright spots'
Wolff: Mercedes can't just keep living off F1 'bright spots'
['car', 'think', 'Wolff', 'year', 'need']

While the German manufacturer was buoyed by Lewis Hamilton taking the runner-up spot in the China sprint last weekend, it still endured a challenging main grand prix as it came home behind McLaren and Ferrari again.But with there being no notable uptrend in i…

Wolff: Mercedes can't just keep living off F1 'bright spots'

With there being no notable uptrend in its form despite the efforts it has made to better understand its W15, Wolff thinks that it has to lift its game rather than think that glimmers of hope are the reality of where it is at. "Speaking to ServusTV about his reaction to the Chinese GP weekend, Wolff said:"Not satisfied at all. As events have progressed, the team has uncovered more complications with the car, which makes it tricky to find the right sweet spot with the set-up. "The drivers were speaking about it as the best car they had in the last two-and-a-half years. Then we really didn't perform in the low speeds." "We know what we tweaked in order to solve the high-speed, and we know where the car was before to be quick in the low-speed. Now we just need to bolt the car together that does both of them." While Mercedes has failed to finish on the podium in a grand prix so far this season, Wolff does not think this year's car is worse than its previous ground effect machinery. "The car is as difficult as it has been in the past, tricky for the drivers. George [Russell], when we discussed it , said it was the trickiest qualifying car he has had so far. So overall, in a way, the same symptoms."

April 23, 2024, 7:53 a.m.
German far-right party aide held in China spy probe
German far-right party aide held in China spy probe
['China', 'European', 'arrest', 'spy', 'AfD']

Prosecutors identify the suspect as Jian G and accuse him of passing information to Chinese intelligence.

German far-right party aide held in China spy probe

Prosecutors have arrested a man working for a far-right politician on suspicion of spying for China. Jian G is also suspected of spying on Chinese opposition figures in Germany. Germany's Interior Minister Nancy Faeser said the allegations were extremely serious: "If it is confirmed that someone spied for China in the European Parliament, this is an attack from within on European democracy." China's foreign affairs ministry rejected the arrest as speculation designed "To smear and suppress China". Jian G's detention comes a day after two men and a woman were arrested on suspicion of spying for China, by allegedly obtaining information in Germany about military technology for China. Lawmakers, worried about security and China, passed a bill that could ban the app in the US. 6 hrs ago Technology. Tens of thousands evacuated from massive China floods.

April 23, 2024, 7:42 a.m.
Young Chinese are trading Shanghai for small cities. Brands like KFC are following them with thousands of stores.
Young Chinese are trading Shanghai for small cities. Brands like KFC are following them with thousands of stores.
['city', 'China', 'small', 'people', 'Big']

Economic troubles in metros like Beijing and Shanghai are pushing people to move to smaller cities, where they have more disposable income.

Young Chinese are trading Shanghai for small cities. Brands like KFC are following them with thousands of stores.

They're struggling to make it in big cities as the world's second-largest economy suffers from a flailing property market and slow post-pandemic consumption recovery. Smaller cities' lower costs of living give reverse migrants more disposable income. China's smaller cities aren't exactly an untapped market. KFC and Pizza Hut operator Yum China, which plans to add 6,000 stores in China by 2026, is also betting big on small cities. Chinese cities are unofficially categorized into "Tiers" based on gross domestic product, population, and political administration. The four first-tier cities - the biggest type of city - have over 15 million people each. The cost of living crisis driving young people out of China's big cities is a trend that echoes across continents.

April 23, 2024, 7:30 a.m.
Rolls-Royce Reveals Bespoke "Spirit of Expression" Series
Rolls-Royce Reveals Bespoke "Spirit of Expression" Series
['Rolls-Royce', 'Extended', 'exterior', 'Expression', 'vehicle']

Rolls-Royce is set to showcase three distinct Bespoke commissions titled "Spirit of Expression" at the upcoming 2024 Beijing Motor Show. These one-of-a-kind creations, including the Ghost Extended, Phantom Extended and Spectre models, mark the inaugural proje…

Rolls-Royce Reveals Bespoke "Spirit of Expression" Series

Rolls-Royce is set to showcase three distinct Bespoke commissions titled "Spirit of Expression" at the upcoming 2024 Beijing Motor Show. These one-of-a-kind creations, including the Ghost Extended, Phantom Extended and Spectre models, mark the inaugural projects of the Private Office Shanghai, established last year. The "Spirit of Expression" vehicles draw inspiration from the flora and landscapes of destinations loved by Chinese patrons, like the beaches of Sicily and the sunsets of Boracay Island. Taking a closer look at the Phantom Extended "Magnetism," it features a dual-tone exterior of Cala Luna Sand and Kabira Blue, evoking a moonlit beach and a deep-sea horizon. Its interior includes a dynamic abstract wave pattern in the Starlight Headliner and detailed embroidery on the door pockets, bringing a touch of tropical sunset into the vehicle. These vehicles are not just modes of transport but are expressions of personal style and cultural connections, crafted through a collaborative effort between the marque's Goodwood-based designers and the Shanghai Private Office. For those interested in seeing the vehicles in person, the "Spirit of Expression" series will be displayed at the China International Exhibition Centre in Beijing until May 4, as part of this year's Beijing Motor Show.

April 23, 2024, 7:20 a.m.
Highest-level rainstorm warning issued in south China's Guangdong
Highest-level rainstorm warning issued in south China's Guangdong
['floods', 'rain', 'issued', 'people', 'Guangdong']

Four people are dead and 10 others missing following storms that battered southern China.

Highest-level rainstorm warning issued in south China's Guangdong

The Chinese government has issued its highest-level rainstorm warning and evacuated more than 100,000 people as rain continues to lash the south of the country. Beijing raised the alert on Tuesday as ongoing storms threatened to worsen already massive flooding in Guangdong province. Torrential rains have been swelling rivers in Guangdong, prompting state media to warn of the risk of floods at a level "Seen around once a century". "Please quickly take precautions and stay away from dangerous areas such as low-lying areas prone to flooding," authorities in the coastal city of Shenzhen - China's third largest - said as the red alert was issued. "Pay attention to heavy rains and resulting disasters such as water logging, flash floods, landslides, mudslides, and ground caving in," they warned. In recent years China has been hit by severe floods, grinding droughts and record heat. Asia was the world's most disaster-hit region from climate and weather hazards in 2023, according to a report issued by the United Nations on Tuesday, with floods and storms a major cause of casualties and economic loss.

April 23, 2024, 4:47 a.m.
Brawny Chinese EV targets serious off-road action and extreme grunt
Brawny Chinese EV targets serious off-road action and extreme grunt
['more', 'M-Hunter', 'Chinese', 'auto', 'look']

Chinese auto manufacturer Dongfeng has shoveled some heavy marketing into its M-Hero 917, the big, brawny, quad-motor luxury SUV it launched domestically last year and recently introduced in Switzerland.Continue ReadingCategory: Automotive, TransportTags: SUV…

Brawny Chinese EV targets serious off-road action and extreme grunt

It's certainly hard to deny the resemblance, but the Mengshi badge actually shares something more substantive with Hummer. Dongfeng spun the commercial brand off from the name of its longstanding line of Chinese all-terrain military vehicles - some of which were built atop imported Hummer H1 chassis. Say what you will about the M-Hero/Hummer resemblance, but the all-new two-seat M-Hunter doesn't look like any Hummer we've ever seen. It doesn't look like any production vehicle we've seen - but reports out of China say that it is indeed production-bound, and not merely a flashy design study meant to dazzle the Auto China show crowds starting later this week. The front-end gets compacted by a re-angled bumper design that maximizes front tire clearance, as well as a smaller, more focused grille, and sharpened headlamps. The production 917 isn't exactly a skinny, lithe piece of bodywork, but the M-Hunter appears to bulge out even more above and around the wheels, though that might just be an effect of its fenders muscling straight out off the bones of its skeletal roll cage. Chinese auto news agency Gasgoo reports the M-Hunter will have more wheel torque and ground clearance than any current Chinese vehicle.

April 23, 2024, 4:19 a.m.
EU parliament to back ban on forced labour with eye on China
EU parliament to back ban on forced labour with eye on China
['content', 'advertising', 'choices', 'manage', 'device']

Legislation is expected to be used to block imports from China's Xinjiang region.

EU parliament to back ban on forced labour with eye on China

We and our 823 partners store and access information on your device, such as unique IDs in cookies to process personal data. You may accept and manage your choices at any time by clicking `Manage Preferences`, including your right to object where legitimate interest is relied upon. Your choices will be signaled to our partners and will not affect your browsing. Actively scan device characteristics for identification. Personalised advertising and content, advertising and content measurement, audience research and services development.

April 23, 2024, 3:50 a.m.
G7 Foreign Ministers' statement blatant interference in China's internal affairs: FM
G7 Foreign Ministers' statement blatant interference in China's internal affairs: FM
['China', 'Foreign', 'Chinese', 'South', 'Sea']

China strongly deplores and firmly rejects the manipulation of China-related issues at the G7 Foreign Ministers' Meeting. The comments from the meeting are a deliberate mischaracterization of the facts and truth, and a blatant interference in China's internal…

G7 Foreign Ministers' statement blatant interference in China's internal affairs: FM

By Global Times Published: Apr 22, 2024 09:45 PM. China strongly deplores and firmly rejects the manipulation of China-related issues at the G7 Foreign Ministers' Meeting. The comments from the meeting are a deliberate mischaracterization of the facts and truth, and a blatant interference in China's internal affairs, said a spokesperson from Chinese Foreign Ministry on Monday, in response to the statement related to China released by the G7 foreign ministers regarding the South China Sea and other issues. The G7 foreign ministers' statement after their meeting in Italy on Friday expressed concerns regarding the situation in the East and South China Seas, and reiterated "Opposition to any unilateral attempts to change the status quo." While smearing China's lawful actions to protect its maritime rights and interests in the South China Sea as "Dangerous," the group also expressed its concerns over the human rights situation in China's Xinjiang and Xizang, as well as civil and political rights in Hong Kong. In response, Chinese Foreign Ministry spokesperson Wang Wenbin said during a regular press conference on Monday that China's position on relevant issues is consistent and clear. The most effective way to ensure cross-Straits peace and stability is to uphold the one-China principle and oppose "Taiwan independence." With the concerted efforts of China and ASEAN countries, the South China Sea has been generally peaceful and stable and there is no issue with freedom of navigation. China always puts the people at the center of its endeavors and strives to deliver the benefit of development to all Chinese people.

April 23, 2024, 3:48 a.m.
Tesla is playing a brutal price game of 'how low can you go' with its Chinese EV rivals
Tesla is playing a brutal price game of 'how low can you go' with its Chinese EV rivals
['Tesla', 'price', 'Musk', 'Chinese', 'Model']

Tesla has been slashing prices for its vehicles in the Chinese, US and European markets amid declining sales.

Tesla is playing a brutal price game of 'how low can you go' with its Chinese EV rivals

Tesla slashed prices for its Model 3, S, X, and Y in China by $1,930 each over the weekend. The wave of price cuts has come amid declining sales and heightened competition from Chinese rivals. Tesla, eager to hold on to its market share in China, is amping up its price war against its Chinese rivals amid declining sales. In China, Tesla has reduced the price of its Model 3, S, X, and Y by 14,000 yuan, or about $1,930. Prices for Tesla's new Cybertruck and Model 3 remain unchanged in the US. Tesla's moves didn't go unnoticed by Chinese automakers, who responded in kind. Tesla CEO Elon Musk defended his company's pricing strategy on Sunday, writing on X that "Tesla prices must change frequently in order to match production with demand." In January, Musk acknowledged the threat posed by Tesla's Chinese counterparts when he said Chinese automakers were "The most competitive car companies in the world." In fact, Musk went so far as to frame his Chinese rivals as an existential threat to all automakers.

April 23, 2024, 3:15 a.m.
Check out the inside of this abandoned Soviet aircraft carrier
Check out the inside of this abandoned Soviet aircraft carrier
['Minsk', 'around', 'aircraft', 'carrier', 'company']

Urban exploration is one of the coolest hobbies out there. It gives folks a new perspective on the cities where they live, and uncovers secrets long buried. But what do you do when you run out of urban environments to explore? When your city holds no more sec…

Check out the inside of this abandoned Soviet aircraft carrier

What do you do when you run out of urban environments to explore? When your city holds no more secrets to reveal? Well, you sneak onto an abandoned Soviet aircraft carrier kept under guard in China. He flew to China and swam under cover of darkness to the aircraft carrier Minsk, where he stayed for 24 hours to film the ship's interior. The Minsk, which previously served as a sort of Communist Intrepid, is still loaded up with guns, ammo, and MiGs for display. The Minsk was retired after an accident, which left the ship unrepairable outside of its original port of construction in Ukraine - a Ukraine which had then recently become independent after the fall of the Soviet Union. Companies tried and failed to start another theme park around the Minsk, leading to its current status as a abandoned hunk of metal. Compare and contrast with the Intrepid which is still around. The point for "Aquatic military museum on an aircraft carrier" goes to capitalism, I guess.

April 23, 2024, 3 a.m.
WADA reject cover-up charge; China labels swimming reports 'fake news'
WADA reject cover-up charge; China labels swimming reports 'fake news'
['WADA', 'Chinese', 'Anti-Doping', 'investigation', 'swim']

The World Anti-Doping Agency (WADA) on Monday rejected accusations of a cover-up during their investigation into Chinese swimmers testing positive for a prescription heart drug and said they would take "whatever action necessary" in response to the …

WADA reject cover-up charge; China labels swimming reports 'fake news'

"What I can say right now is that at every stage, WADA followed the whole due process and diligently investigated every line of inquiry in this matter," WADA president Witold Banka told an online news conference. Banka said "No credible evidence of wrongdoing was provided by any source who came forward on this file, so the threshold for WADA intelligence and investigations to open an investigation was not met." One of the options that WADA had would have been to take the case to the Court of Arbitration for Sport and challenge the Chinese anti-doping body decision. WADA has made such moves in the past but Banka said that was not an option in this case. The WADA president said there was no question of his body being overly lenient on Chinese athletes. His first, in 2014, was for taking TMZ. Wenzel said WADA was going through comments made by USADA and others in media reports and a documentary by German broadcaster ARD with a "Fine tooth comb" and that the body would "Take whatever action is necessary". "After an investigation, WADA affirmed the findings of the China anti-doping center."

April 23, 2024, 2:37 a.m.
Tensions between Beijing and Washington are the biggest worry for US companies in China, report says
Tensions between Beijing and Washington are the biggest worry for US companies in China, report says
['China', 'companies', 'report', 'foreign', 'Chinese']

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday.

Tensions between Beijing and Washington are the biggest worry for US companies in China, report says

Simmering tensions between Beijing and Washington remain the top worry for American companies operating in China, according to a report by the American Chamber of Commerce in China released Tuesday. American businesses are frustrated by slow progress on promises by China to level the playing field between foreign and Chinese companies, the report said. "So the end result is companies are getting squeezed between the two governments, and on the regulatory front, what we're seeing is it's not getting easier to do business in China; it's getting harder," Stein said. American companies operating in China saw improved profits last year, though slightly less than half expect to be profitable in 2024. Among its many recommendations the report urged China to create and implement ''transparent and practical economic policies which treat domestic and foreign entities equally. Washington should engage with Chinese companies to allow them to address export control concerns such as military use of civilian technologies before the companies are subjected to sanctions, it said. American companies generally are not planning to move supply chains out of China given how large and important it is as a market of 1.4 billion people.

April 23, 2024, 1:31 a.m.
China always be Cambodia's most reliable friend, firmest supporter for development: Chinese FM
China always be Cambodia's most reliable friend, firmest supporter for development: Chinese FM
['China', 'Cambodia', 'cooperation', 'Initiative', 'Wang']

Visiting Chinese Foreign Minister Wang Yi said here on Monday that no matter how the international situation has changed, China will always be Cambodia's most reliable friend and firmest supporter for its development.

China always be Cambodia's most reliable friend, firmest supporter for development: Chinese FM

PHNOM PENH, April 22 - Visiting Chinese Foreign Minister Wang Yi said here on Monday that no matter how the international situation has changed, China will always be Cambodia's most reliable friend and firmest supporter for its development. Wang, also a member of the Political Bureau of the Communist Party of China Central Committee, made the remarks during a meeting with Cambodian Prime Minister Hun Manet. Listing some of the important cooperation frameworks and projects, Wang said they brought tangible benefits to the people of both countries. Wang said China is willing to work with Cambodia to implement the new version of the action plan for building a community with a shared future, enhance mutual trust and support, and deepen mutually beneficial cooperation. For his part, Hun Manet said China's development has brought important opportunities to regional countries, and Cambodia has benefited a lot from it. Hun Manet said Cambodia firmly supports China's position on issues concerning China's core interests including those related to Taiwan, Hong Kong and Xinjiang, actively participates in the Belt and Road Initiative, and supports the Global Development Initiative, the Global Security Initiative and the Global Civilization Initiative. The prime minister said Cambodia is willing to work with China to strengthen their cooperation in various fields, welcome more Chinese companies to invest in Cambodia, promote the implementation of more major projects, intensify coordination and cooperation in multilateral affairs, and continuously enrich the community with a shared future between Cambodia and China.

April 23, 2024, 1:25 a.m.
Donald Trump says Joe Biden would be 'responsible' for any TikTok ban
Donald Trump says Joe Biden would be 'responsible' for any TikTok ban
['cookie', 'Moneycontrol', 'agree', 'any', 'promise']

The U.S. House of Representatives passed bipartisan legislation on a 360-58 vote on Saturday that would give TikTok's Chinese owner ByteDance about nine months to divest its U.S. operations or face a ban.

Donald Trump says Joe Biden would be 'responsible' for any TikTok ban

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April 23, 2024, 12:35 a.m.
Pro-China party wins Maldives election in a result likely to strain ties with traditional partner India
Pro-China party wins Maldives election in a result likely to strain ties with traditional partner India
['Maldives', 'Muizzu', 'China', 'India', 'result']

Maldives President Mohamed Muizzu's party has earned a landslide victory in parliamentary elections, a result set to move the Indian Ocean archipelago closer to China and away from traditional partner India.

Pro-China party wins Maldives election in a result likely to strain ties with traditional partner India

Maldives President Mohamed Muizzu's party has earned a landslide victory in parliamentary elections, a result set to move the Indian Ocean archipelago closer to China and away from traditional partner India. Mr Muizzu's People's National Congress won 71 of the 93 seats available on Sunday, preliminary results from the Maldives Elections Commission and media projections showed. Why is India boycotting the Maldives? Why is the world's most populous country flexing its muscle to the Maldives, and what's China got to do with it? His government has asked dozens of Indian military personnel to leave the Maldives, a move critics say could hasten its shift toward China. A spokesperson for the US State Department, which has sought to strengthen ties with India and throughout the Indo-Pacific region in the face of China's growing power, said it was closely following the election results. The spokesperson called the Maldives "a valued partner" and said this partnership was being strengthened in areas including economic development, education, security cooperation, and climate crisis response. World Bank data shows Chinese firms invested $1.37 billion in the Maldives in the last decade, making them the largest bilateral creditors.

April 22, 2024, 10:59 p.m.
TikTok ban expected to become law, but it's not so simple. What's next?
TikTok ban expected to become law, but it's not so simple. What's next?
['TikTok', 'app', 'American', 'U.S.', 'government']

The Senate is poised to pass the bill the House advanced over the weekend. President Biden is set to sign it. From there, TikTok says the battle will move to the courts.

TikTok ban expected to become law, but it's not so simple. What's next?

Damian Dovarganes/AP. Legislation forcing TikTok to be sold, or face a nationwide ban, is moving rapidly through Congress and is expected to become law this week. Critics of the legislation argue TikTok is being unfairly caught up in the geopolitical tensions between the U.S. and China, pointing out that China has already amassed digital dossiers on Americans through suspected hacking operations, leaving little need for data on how millions of Americans are watching videos on TikTok. Three separate federal district judges have blocked efforts to ban TikTok - two courts during the Trump administration, and one more recently in Montana. Meta and Google would be the winners of a TikTok ban. While there are many technical obstacles to enforcing the ban of a social media app, and ways to circumvent such a restriction, the legislation would make it illegal for web-hosting companies to support TikTok. It also would force Apple and Google to remove TikTok from its app stores, making it impossible for TikTok to receive critical software update, leading to its eventual, if very slow, death. Analysts have also said that the biggest beneficiaries of a TikTok ban would be Meta and Google, since TikTok users would likely move to Reels, a TikTok rival available on Meta-owned Instagram, or Google's competing service, YouTube Shorts.

April 22, 2024, 10:47 p.m.
UK police charge two men with spying for China, including a parliamentary researcher
UK police charge two men with spying for China, including a parliamentary researcher
['Chinese', 'China', 'spies', 'work', 'British']

British police charge two men with spying for China, including one reported to have worked as a researcher in Britain's parliament for a prominent politician in the governing Conservative Party.

UK police charge two men with spying for China, including a parliamentary researcher

British police have charged two men with spying for China, including one reported to have worked as a researcher in Britain's parliament for a prominent politician in the governing Conservative Party. The two men, aged 32 and 29, were charged with providing prejudicial information to China in breach of the Official Secrets Act, and will appear in court on Friday. The Chinese embassy in London said the allegation that China was trying to steal British intelligence was "Completely fabricated". The men were named by police on Monday as Christopher Cash and Christopher Berry. In September, the Sunday Times reported that Mr Cash had been arrested for spying while working as a researcher in parliament for Conservative politician Alicia Kearns, chair of the Foreign Affairs Committee. In September, a lawyer for the arrested man issued a statement denying the accusations of spying without confirming the identity of their client. The government also said in September Chinese spies were targeting British officials in sensitive positions in politics, defence and business as part of an increasingly sophisticated spying operation to gain access to secrets.

April 22, 2024, 10:18 p.m.
Behind-the-Scenes: North Korean animators secretly work on Amazon and HBO Max shows
Behind-the-Scenes: North Korean animators secretly work on Amazon and HBO Max shows
['North', 'Korean', 'company', 'Korea', 'sanctions']

Research shows that North Korean animators are secretly contributing to major TV shows including those from Amazon and HBO Max among others, revealing a hidden facet of international TV production. Read more...

Behind-the-Scenes: North Korean animators secretly work on Amazon and HBO Max shows

In December, cybersecurity researcher Nick Roy discovered a misconfigured cloud server on a North Korean IP address containing thousands of animation files, including cells, videos, and project notes, indicating North Korean involvement in major international TV shows. The findings, detailed in a report by the Stimson Center's 38 North Project and Google-owned security firm Mandiant, suggest a means for North Korea to evade sanctions through skilled IT and tech workers. As reported by Wired, North Korea's tightly controlled internet landscape, with limited access and stringent monitoring, contrasts starkly with the discovery of a regularly updated exposed cloud server, which likely facilitated collaboration between North Korean animators, as suggested by Martyn Williams, a senior fellow on the 38 North Project. Despite this, researchers suggest that companies involved in the TV shows are likely unaware of North Korean animators' involvement. We do not work with North Korean companies, or Chinese companies on Invincible, or any affiliated entities, and have no knowledge of any North Korean or Chinese companies working on Invincible. Although no identifiable North Korean organization names were found in the files, it's notable that April 26 Animation Studio, also known as SEK Studio, has a longstanding presence in North Korea. Michael Barnhart, a researcher at Mandiant, highlighted the financial motive behind such activities, suggesting they serve to bolster North Korea's coffers.

April 22, 2024, 9:57 p.m.
World Anti-Doping Agency stands by decision to clear Chinese swimmers before 2021 Tokyo Olympics
World Anti-Doping Agency stands by decision to clear Chinese swimmers before 2021 Tokyo Olympics
['Chinese', 'swim', 'WADA', 'case', 'Anti-Doping']

The World Anti-Doping Agency has said it stands by its decision to clear more than 20 Chinese swimmers who tested positive for a banned heart medication before the 2021 Tokyo Olympics.

World Anti-Doping Agency stands by decision to clear Chinese swimmers before 2021 Tokyo Olympics

The World Anti-Doping Agency said after reviewing various media reports that it stands by its decision to clear 23 Chinese swimmers who tested positive for a banned heart medication before the 2021 Tokyo Olympics. WADA addressed questions at a news conference on Monday and acknowledged there would be skepticism about details of the case after the release on Sunday of a documentary by German broadcaster ARD. WORLD ANTI-DOPING AGENCY SAYS WHY CHINESE SWIMMERS WERE CLEARED DESPITE POSITIVE TESTS FOR BANNED SUBSTANCE. In an earlier statement following initial newspaper reports led by the New York Times, WADA said it agreed with Chinese authorities and ruled the swimmers' samples were contaminated. Chinese authorities handling the case after testing the swimmers in January 2021 cleared them without any penalties and WADA accepted their conclusions. An Australian newspaper said Saturday, April 20, 2024, 23 Chinese swimmers were cleared to compete at the Tokyo Olympics despite testing positive to doping because world governing bodies agreed with Chinese authorities and ruled that the tests had been contaminated. Dismissing weekend suggestions WADA was "Soft on Chinese athletes," agency president Witold Bańka reminded reporters it had been "Vigorously pursuing justice" in the Sun case. WADA said its position in the latest Chinese case was also accepted by World Aquatics, which governs international swimming. Anti-doping rules in Olympic sports do require a provisional suspension - which the Chinese swimmers avoided from their national anti-doping agency - when athletes test positive for TMZ, except if contamination is suspected.

April 22, 2024, 9:51 p.m.
Booing your own anthem - Hong Kong and a dilemma
Booing your own anthem - Hong Kong and a dilemma
['Kong', 'Hong', 'China', 'football', 'Beijing']

Beijing's increasing influence has led to speculation that Hong Kong's days of an independent football scene are numbered.

Booing your own anthem - Hong Kong and a dilemma

On 1 January Hong Kong beat China in a football game for the first time in almost 30 years. Actually, the official result of the pre-Asian Cup warm-up was Hong Kong, China 2-1 China. In 2015 Hong Kong hosted China in a qualifier for the 2018 World Cup and some home fans booed their own anthem, now shared with the opposition, called The March of the Volunteers. "On social media, mainland citizens praised Hong Kong's recent success and even the fan turnout in Qatar was admired," said Tobias Zuser, an academic and co-editor of Sport in Hong Kong: Culture, Identity and Policy. "If there is any controversy, such as the recent Messi episode, then China will want to avoid losing face and will surely move to control the incidence of such issues."If football in Hong Kong is to have any longevity, it would be wise to depoliticise itself and establish a set of values that are seen as pro-social and non-threatening. Zuser does not believe that Hong Kong's transformation into Hong Kong, China means any major change is imminent. "Hong Kong has participated at the Olympic Games as Hong Kong, China since 1997, so the recent changes across other national sports associations are more an act of symbolic streamlining," he says.

April 22, 2024, 9:51 p.m.
Takeaways from AP report on how the search for the coronavirus origins turned toxic
Takeaways from AP report on how the search for the coronavirus origins turned toxic
['Chinese', 'official', 'China', 'Health', 'market']

The Chinese government froze meaningful efforts to trace the origins of the coronavirus pandemic, despite publicly declaring it supported an open scientific inquiry, an Associated Press investigation has found. The AP drew on thousands of pages of undisclosed…

Takeaways from AP report on how the search for the coronavirus origins turned toxic

The Chinese government froze meaningful efforts to trace the origins of the coronavirus pandemic, despite publicly declaring it supported an open scientific inquiry, an Associated Press investigation has found. Even the date when Chinese authorities first started searching for the virus' origins is unclear. The first publicly known search for the coronavirus took place on Dec. 31, 2019, when Chinese Center for Disease Control scientists visited the Wuhan market where many early COVID-19 cases surfaced. The itinerary dropped nearly all the items linked to an origins search, according to draft agendas obtained by AP. Taking charge of the WHO visit was Liang Wannian, an epidemiologist close to top Chinese officials who was widely seen as pushing the party line, not science-backed policies, according to nine people familiar with the situation who declined to be named due to the sensitivity of the matter. Liang, the Chinese official in charge of the first two WHO visits, organized market workers to tell WHO experts no live wildlife was sold and cut recent photos of wildlife at the market from the report. The WHO team concluded a lab leak was "Extremely unlikely." But just months later, WHO chief Tedros said all origins hypotheses, including the lab leak theory, remained "On the table," infuriating Chinese officials. Researchers who published papers on the coronavirus ran into trouble with Chinese authorities.

April 22, 2024, 9:26 p.m.
International balance of power determined by Chinese control over emerging technologies, study shows
International balance of power determined by Chinese control over emerging technologies, study shows
['content', 'service', 'information', 'device', 'based']

The fierce competition between China and the United States of America for control of emerging technologies such as AI and 5G will determine the international balance of power, a new study says.

International balance of power determined by Chinese control over emerging technologies, study shows

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April 22, 2024, 9:10 p.m.
China is getting a head start on the flying car industry: report
China is getting a head start on the flying car industry: report
['eVTOL', 'Car', 'Chinese', 'flying', 'company']

Car company GAC displays its Gove eVTOL flying car in Guangzhou, China, on April 12, 2024. Chen Jimin/China News Service/VCG via Getty Images China is pulling ahead in the flying car industry. Chinese regulators are fast-tracking approval for eVTOL vehicles. …

China is getting a head start on the flying car industry: report

Car company GAC displays its Gove eVTOL flying car in Guangzhou, China, on April 12, 2024. Chen Jimin/China News Service/VCG via Getty ImagesChina is pulling ahead in the flying car industry. Chinese regulators are fast-tracking approval for eVTOL vehicles. Chinese company AutoFlight received the world's first certification for an eVTOL over 1 tonne. This story appeared on businessinsider. com,.

April 22, 2024, 8:53 p.m.
China's Guangdong Province Faces Deadly Floods
China's Guangdong Province Faces Deadly Floods
['Floods', 'Qingyuan', 'Monday', 'rain', 'river']

Floods ravaging the southern province of Guangdong, China, killed four people, and ten more are missing, Chinese state media reported Monday. The post China’s Guangdong Province Faces Deadly Floods appeared first on Breitbart.

China's Guangdong Province Faces Deadly Floods

Floods ravaging the southern province of Guangdong, China, killed four people, and ten more are missing, Chinese state media reported on Monday. More than 110,000 residents have been evacuated, as torrential rain caused river waters to swell, threatening "Once in a century" flooding. One of the largest and hastiest evacuations occurred in the northern Guangdong city of Qingyuan, which was built on both sides of the Bei River. The Bei River is a tributary of the Pearl River Delta, which expected floods of up to 19 feet above the danger line on Monday. Some buildings in Qingyuan were flooded all the way up to their second floors. Motorboats and helicopters prowled through the flooded city in search of stranded residents the following morning. Two companies working in the area - Camelot PCB, a supplier of printed circuit boards to electric vehicle makers, and Polyrocks Chemical, which supplies plastics to tech companies like Apple and Samsung - assured Reuters on Monday that the flooding did not unduly affect their operations.

April 22, 2024, 8:36 p.m.
TikTok Vows to Fight Its Ban. Here's How the Battle May Play Out
TikTok Vows to Fight Its Ban. Here's How the Battle May Play Out
['TikTok', 'bill', 'ban', 'challenge', 'app']

An anti-TikTok bill will likely pass a Senate vote this week. But TikTok isn't going away any time soon.

TikTok Vows to Fight Its Ban. Here's How the Battle May Play Out

Congress got one step closer to banning TikTok over the U.S. this weekend, when the House of Representatives passed a bill calling for the app's Chinese parent company ByteDance to either sell it or face a nationwide ban. The bill faces significant challenges There is one major difference between this updated bill and the last one: It gives ByteDance more time to sell TikTok. This new timeline means that TikTok won't have to divest or be shut down until after the U.S. election-to the chagrin of people who believe that TikTok could be used by the Chinese government to influence the results. What moves can Tiktok make? TikTok has mobilized its rabid usership to try to turn public opinion against the bill. The company has had success in the courts before: In 2020, federal judges blocked an attempt by President Trump to ban TikTok or force its sale. TikTok will likely try to challenge the bill on constitutional grounds. A representative for the American Civil Liberties Union has called the bill "Unconstitutional," and Nadine Farid Johnson, policy director of the Knight First Amendment Institute, wrote in a statement that the TikTok bill would "Infringe" on "Americans' First Amendment right to access information, ideas, and media from abroad.".