3 d. ago Chinese involvement stalls Manila Bay bridge project due to security fears

The Philippines deferred the awarding of a project that is part of a plan to build one of the world’s longest marine bridges after local opposition over the potential involvement of a Chinese company due to national security fears. The proposals were “undergoing thorough review” by the Asian Development Bank (ADB), which acts as a lender and an overseer of the project to ensure it meets international environmental and governance standards, Manila’s public works department said in a statement on...

Events

3 d. ago Chinese and Japanese coastguard ships confront each other near disputed islands

Chinese and Japanese coastguard vessels have been involved in a stand-off near the disputed Diaoyu Islands in the East China Sea. The two sides gave conflicting accounts of Tuesday’s incident, with the Chinese coastguards saying they had driven a Japanese fishing boat away from the islands, which are known as the Senkaku Islands in Japan. Liu Dejun, a spokesman for the coastguard, said the Chinese vessels took “necessary control measures” and issued warnings to the boat. “The Diaoyu Islands and...

Politics

1 week ago Italian police raid Amazon sites in probe involving Chinese goods

Italian police raided two Amazon sites on Monday as part of a growing investigation into alleged customs and tax fraud involving Chinese imports, three sources with direct knowledge of the case said. Prosecutors suspect the e-commerce giant acted like a “Trojan horse”, bringing Chinese goods into Italy without paying sales taxes or customs duties, according to a court document seen by Reuters. The scheme could have cost the state hundreds of millions of euros and may extend across the European...

Events

2 w. ago Top Democrat demands probe into 4 Chinese firms potentially supplying Nexperia

A senior US Democrat is urging the Commerce Department to investigate four Chinese semiconductor firms potentially tied to Dutch chipmaker Nexperia, warning they could threaten the safety and reliability of components used in cars across the US and its allies. The request marks the latest twist in the turmoil surrounding the Chinese-owned firm, which has become a flashpoint in broader disputes involving China, Europe, and the US, following months of internal conflicts, regulatory intervention...

Politics

2 w. ago Top Democrat demands US probe into Chinese firms potentially supplying Nexperia

A senior US Democrat is urging the Commerce Department to investigate four Chinese semiconductor firms potentially tied to Dutch chipmaker Nexperia, warning they could threaten the safety and reliability of components used in cars across the US and its allies. The request marks the latest twist in the turmoil surrounding the Chinese-owned firm, which has become a flashpoint in broader disputes involving China, Europe, and the US, following months of internal conflicts, regulatory intervention...

Politics

2 w. ago Growth in China’s tech stocks just getting started: JPMorgan banker

The recovery of China’s tech stocks from their trough is still at an early stage, as the country’s emergence as an artificial intelligence superpower reshapes global platforms and lures Western capital back, according to a senior investment banker at JPMorgan. As Chinese entrepreneurs expanded their businesses globally and deepened their involvement in AI, their companies and fundraising plans were once again drawing the attention of international investors after years of stagnation, said Mark...

Politics