22 h. ago Why Chinese investors can still expect a warm welcome in many US cities

Most local government officials in the US still welcome Chinese-invested projects despite a rise in trade tensions this year, a Chinese chamber of commerce leader said this week as potential investors weigh up economic benefits and geopolitical risks. City leaders want Chinese investment to help stimulate their local economies, especially in manufacturing projects that are hard to source elsewhere, said Ni Pin, chairman of the China General Chamber of Commerce branch in Chicago. “There are a lot...

Economics

62 h. ago Chinese government officials ban LDS Church activities in Beijing

Chinese government officials ban LDS Church activities in Beijing  ABC4 Utah

Politics

3 d. ago Strengthening political relations between Kabul and Beijing, among issues discussed between Afghan, Chinese officials

Strengthening political relations between Kabul and Beijing, among issues discussed between Afghan, Chinese officials  امید رادیو

Politics

6 d. ago China’s ethnic affairs chief to take Communist Party helm in Xinjiang

A senior Chinese official with a background in water resources and ethnic affairs has been named as the new Communist Party boss of Xinjiang Uygur autonomous region. In a one-paragraph announcement on Tuesday, state news agency Xinhua said the party’s Central Committee “recently decided” that Chen Xiaojiang would serve as party secretary of Xinjiang. The move might clear the path for Chen, one of the 300 or so members of the Central Committee, to be promoted within the party’s hierarchy, given...

Society

6 d. ago China’s ethnic affairs overseer to take Communist Party helm in Xinjiang

A senior Chinese official with a background in water resources and ethnic affairs has been named as the new Communist Party boss of Xinjiang Uygur autonomous region. In a one-paragraph announcement on Tuesday, state news agency Xinhua said the party’s Central Committee “recently decided” that Chen Xiaojiang would serve as party secretary of Xinjiang. The move might clear the path for Chen, one of the 300 or so members of the Central Committee, to be promoted within the party’s hierarchy, given...

Society

6 d. ago Why China sees US trade deals with partners as a threat – and how it could react

Beijing has renewed its warning to other countries not to strike deals with the United States on terms that come at China’s expense – ahead of Washington’s looming deadline to conclude tariff negotiations with most of its trade partners. Chinese officials are concerned that nations from Europe to Southeast Asia may enter into trade agreements with the US that divert supply chains, reduce bilateral trade with China or compel governments to exit Beijing-led projects, analysts said on Monday. “The...

Events

7 d. ago Chinese sculptor’s giant Buddha Ultraman sparks official probe

A giant stone statue called “Ultraman Grotto” which was crafted by a man in China has captivated social media and triggered an official investigation. The 2.8 metre-high sculpture has a head like the Japanese superhero Ultraman and a body that adopts a sitting Buddha gesture. It is located on a cliff face in Anyue County of Sichuan province, in southwestern China, the news outlet Shangyou News reported. In early June, a blogger surnamed Zhou released a video introducing the sculpture which he...

Politics

9 d. ago China to pivot $50 billion chip fund to fighting U.S. squeeze as trade war escalates — country to back local companies and projects to overcome export controls

China to pivot $50 billion chip fund to fighting U.S. squeeze as trade war escalates — country to back local companies and projects to overcome export controls  Tom's Hardware

Economics

9 d. ago Hong Kong leader taps 2 tech heads from Hangzhou’s ‘Little Dragons’ as advisers

The Hong Kong chief executive’s Council of Advisers has welcomed three new members, including two tech bosses from Hangzhou’s “Six Little Dragons” and a mainland Chinese economist who was a senior official with the International Monetary Fund (IMF). The government on Friday announced the appointment of 34 members to the second term of Chief Executive John Lee Ka-chiu’s Council of Advisers, with the two-year appointment to start on Tuesday. Victor Li Tzar-kuoi, chairman of CK Hutchison Holdings,...

Politics

1 week ago China becomes bright spot at uncertain time: SCMP’s ‘Summer Davos’ highlights

For those attending the World Economic Forum’s Annual Meeting of the New Champions this week, “uncertainty” was the inescapable word. It could be found on the lips of almost everyone; senior Chinese officials, global executives, foreign academics and thought leaders from all fields. This should not come as a surprise. Simmering regional tensions, unpredictable policy pivots from Washington and a foggy picture for global trade were all top of mind as speakers and panelists gathered in the...

Politics

2 w. ago Jin Liqun reflects on tumult and triumphs in AIIB’s eventful first decade

A veteran of international finance, Jin Liqun is president and chair of the board of directors at the Asian Infrastructure Investment Bank (AIIB), a multilateral development lender headquartered in Beijing and established in 2016. He has been closely involved in the Bank’s evolution since its inception, and was elected to a second and final five-year term in 2020. Jin was among the first Chinese officials to gain direct experience in international finance in the 1980s, serving as alternate...

Politics

2 w. ago Veteran banker Jin Liqun on leading AIIB during its formative first 10 years

A veteran of international finance, Jin Liqun is president and chair of the board of directors at the Asian Infrastructure Investment Bank (AIIB), a multilateral development lender headquartered in Beijing and established in 2016. He has been closely involved in the Bank’s evolution since its inception, and was elected to a second and final five-year term in 2020. Jin was among the first Chinese officials to gain direct experience in international finance in the 1980s, serving as alternate...

Politics

2 w. ago Senior Chilean lawmaker investigated over actions involving Chinese businessman

A high-ranking Chilean lawmaker is facing renewed scrutiny after records showed she helped arrange for a Chinese businessman to join an official parliamentary trip to China, where he coordinated logistics and took part in meetings with mainland authorities. Messages revealed by investigators on Thursday showed Karol Cariola, a member of Chile’s Communist Party and former president of the country’s Chamber of Deputies, may have used her position to benefit a Chinese national on several...

Economics

2 w. ago Chinese and EU trade officials hold talks after von der Leyen outburst

Chinese commerce minister Wang Wentao and European trade commissioner Maros Sefcovic held a video call on Thursday, as the two sides strive to keep a lid on simmering economic tensions and pave the way for a leaders’ summit in Beijing. “Both sides agreed to work together to lay the groundwork for key economic and trade items on the China-EU agenda this year,” the Ministry of Commerce said in an online statement released on Friday. The two officials discussed a series of topics during the call,...

Politics

2 w. ago Europe must reduce critical mineral dependence on China, just like US: Boeing

European countries must follow the US in pursuing critical minerals autonomy for the defence industry and move away from dependence on Chinese-dominated supply chains, a senior Boeing official said at the Paris Air Show on Tuesday. Turbo Sjogren, senior vice-president for government services at Boeing Global Services, said the supply chain was at the core of European concerns about how to face the demands of sovereignty and take on the challenges “in a manner different tomorrow than they’ve done...

Politics

3 w. ago Why China’s officials are braced for another round of performance inspections

Chinese officials already have to deal with a series of inspectors knocking on their doors to keep tabs on their activities, but now they will also have a new group of “performance observers” looking over their shoulders to check that they are not wasting government funds. Local officials in China are often castigated for spending money on “white elephants”, such as flashy construction projects, in the hope these will provide a quick fix for the local economy and win favour with their...

Politics

3 w. ago As Chinese exporters explore home market, how are letters of credit helping?

After the United States imposed so-called reciprocal tariffs on imports from China in April, Beijing took steps to help Chinese exporters sell their products domestically. In addition to the staging of product promotion events across the country and the offering of fiscal and financial incentives, Beijing also encouraged the increased use of letters of credit (L/Cs) to help such businesses switch focus to the domestic market. What is a domestic letter of credit? A letter of credit, also known as...

Politics

3 w. ago Chinese premier says officials must adapt to ‘complex and severe’ situation

Chinese Premier Li Qiang has urged the nation’s officials to improve their ability to anticipate challenges and accurately implement policies amid a turbulent geopolitical environment. “At present, the task to comprehensively promote the Chinese path to modernisation with high-quality development is heavy and difficult, with the external situation remaining complex and severe,” he said on Wednesday, as reported by state-run news agency Xinhua. During this difficult period, officials needed to...

Politics

3 w. ago Bitcoin surges to $108,000 as top US and Chinese officials meet to discuss tariffs

Bitcoin surges to $108,000 as top US and Chinese officials meet to discuss tariffs  Fortune

Politics

3 w. ago US and Chinese officials meet in London for pivotal trade talks

US and Chinese officials meet in London for pivotal trade talks  Reuters

Politics