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May 1, 2024, 2:38 a.m.
Chinese astronauts return to Earth after 6 months on space station
Chinese astronauts return to Earth after 6 months on space station
['space', 'station', 'China', 'mission', 'crew']

A Chinese spacecraft has returned to Earth with three astronauts who lived for six months on the country’s space station

Chinese astronauts return to Earth after 6 months on space station

A Chinese spacecraft has returned to Earth with three astronauts who lived for six months on the country's space station. BEIJING - A Chinese spacecraft returned to Earth on Tuesday with three astronauts who completed a six-month mission aboard the country's orbiting space station. China built its own space station after being excluded from the International Space Station, largely because of U.S. concerns over the Chinese military's total control of the space program amid a sharpening competition in technology between the two geopolitical rivals. China's ambitious space program aims to put astronauts on the moon by 2030, as well as bring back samples from Mars around the same year and launch three lunar probe missions over the next four years. They will spend about six months on the three modules of the space station, the Tiangong, which can accommodate up to six astronauts at a time. China has also said that it eventually plans to offer access to its space station to foreign astronauts and space tourists. China conducted its first crewed space mission in 2003, becoming the third country after the former Soviet Union and the U.S. to put a person into space using its own resources.

May 1, 2024, 1:01 a.m.
Kansas Legislature Passes Bill Banning Chinese Land Purchases Near Military Sites After DCNF Investigation
Kansas Legislature Passes Bill Banning Chinese Land Purchases Near Military Sites After DCNF Investigation
['content', 'service', 'information', 'device', 'based']

The Kansas state legislature passed a bill Tuesday that will prevent companies from China or other adversarial countries from buying land near military sites.

Kansas Legislature Passes Bill Banning Chinese Land Purchases Near Military Sites After DCNF Investigation

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May 1, 2024, 1 a.m.
F1 News: Lando Norris Claims 24-Race Season Is 'Not Sustainable'
F1 News: Lando Norris Claims 24-Race Season Is 'Not Sustainable'
['think', 'team', 'race', 'point', 'Norris']

Lando Norris firmly states that the 24-race F1 schedule is unsustainable, especially for team staff.

F1 News: Lando Norris Claims 24-Race Season Is 'Not Sustainable'

Recently, Lando Norris voiced strong concerns about Formula 1's expanded 24-race season during a press conference following the Chinese Grand Prix. The discussion around the sustainability of increasing race schedules has come into sharp focus amid the ongoing record-breaking 24-race 2024 season. Lando Norris recently criticized the extended calendar, particularly highlighting the strain it places on team staff. Exclusively Available to Subscribers Try it now for $1. "But the main point is just the toll it has on mechanics and engineers. I don't think it's too bad for us as drivers, honestly. I don't think we can be the ones to complain at all. It's the hundreds of mechanics and engineers that we have here that have to travel so much. It's not healthy for them. It is not sustainable." "The problem is not with us so it's not something you should be asking us. It's something that people should look out more for the rest of the team. And I think that's a limiting factor, not the fact of can we go in the car every day, because I think we can but not doing too much for them I think is the priority." Verstappen candidly remarked, "F1 is way over the limit. I won't be racing in Formula 1 for another 10 years doing 24 races per season." Alonso, with years of experience to back his claims, voiced, "This is not sustainable for the future. I think for anyone." His statement points towards an emerging consensus among drivers about the limits of what is reasonable within the sport.

May 1, 2024, 12:49 a.m.
China takes steps to expand military training in schools
China takes steps to expand military training in schools
['Defense', 'National', 'military', 'China', 'changes']

Taipei, Taiwan — China says it has begun revising its National Defense Education Law, a move analysts say aims to expand military training at universities, high schools and even middle schools. The proposed changes also seek to improve defense education start…

China takes steps to expand military training in schools

China says it has begun revising its National Defense Education Law, a move analysts say aims to expand military training at universities, high schools and even middle schools. While the previous version of the law was a looser guide, the proposed changes say high school students and those at institutions of higher learning should receive basic military training during school. Junior high school students are also allowed to receive military training, according to the revisions. The responsibility for military training is put more squarely on central and party authorities, the Ministry of Education and the Communist Party's Central Military Commission - China's top national defense body. The revisions also call on local military bases and central authorities to strengthen the direction, oversight and organization of military training for students. Analysts who spoke with VOA's Mandarin Service see a connection between the proposed changes and the impact China's economic downturn and global geopolitical tensions are having on the ruling Chinese Communist Party, or CCP. Timothy Heath, a senior fellow for international defense at the RAND Corp., says the revisions are part of a more systematic approach to national defense education that aims to strengthen Chinese leader Xi Jinping's authority. Analysts also say that while the extra emphasis on national defense awareness could feed into already rising nationalist sentiments and feed hostility or prejudice against the outside world, it could also encourage more young Chinese to join the military.

April 30, 2024, 11:59 p.m.
Hong Kong ETFs Attract Chinese RMB Investors As Alternative Investments, Issuers Reveal
Hong Kong ETFs Attract Chinese RMB Investors As Alternative Investments, Issuers Reveal
['ETF', 'investors', 'products', 'Hong', 'Kong']

Hong Kong’s newly introduced spot exchange-traded funds (ETFs) have captured the attention of most Chinese RMB investors. According to industry experts, ETFs now serve as alternative investment products for Chinese investors... The post Hong Kong ETFs Attract…

Hong Kong ETFs Attract Chinese RMB Investors As Alternative Investments, Issuers Reveal

According to industry experts, ETFs now serve as alternative investment products for Chinese investors to diversify their crypto portfolio. Three ETF issuers launched their spot Bitcoin and Ether ETF products in Hong Kong on Tuesday, April 30. During an interview with Bloomberg TV, the CEO of China Asset Management, Yimei Li, discussed the great possibilities of the newly launched spot BTC and ETH ETFs in Hong Kong. As of April 30, three ETF issuers rolled out their spot ETF products on the Hong Kong Stock Exchange. Hong Kong residents have trading access to the newly-launched ETFs. After Hong Kong's ETFs launch, Chinese regulators are expected to monitor their development closely. Samson stated, "Bitcoin ETFs in HK are going to be big. Maybe not on day 1 or 2, but the long-term implications are massive. There is really nothing else for Chinese investors to put their money into at this time."

April 30, 2024, 11:47 p.m.
Industry group warns of Chinese connected vehicles
Industry group warns of Chinese connected vehicles
['apps', 'data', 'click', 'advertising', 'privacy']

The White House is investigating whether connected vehicles — especially connected to China — pose a threat to U.S. national security.

Industry group warns of Chinese connected vehicles

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April 30, 2024, 11:04 p.m.
Earnings call: CECO Environmental reports robust Q1 with record backlog
Earnings call: CECO Environmental reports robust Q1 with record backlog
['quarter', 'million', 'year', 'margin', 'energy']

Earnings call: CECO Environmental reports robust Q1 with record backlog

Earnings call: CECO Environmental reports robust Q1 with record backlog

CECO Environmental Corp. announced a strong start to 2024 with a solid first-quarter performance, including a near-record backlog of $390 million and record sales and adjusted EBITDA for a first quarter. Please go ahead. Steven Hooser: Thank you, Howard, and thank you all for joining us for the CECO Environmental first quarter 2024 earnings call. Importantly, the quarter was highlighted by record gross margins for any quarter, which we believe demonstrates our strategic progress to drive operational excellence programs and steadily advancing and further diversifying our overall portfolio. Sales for the quarter of $126 million were a 12% increase over the same period in 2023 and a quarter one sales record for the company. The record levels of backlog are persisting even after CECO delivered a record sales quarter in Q4 and in Q1, highlighting the strength of our opportunity to orders conversion. Short cycle mix versus prior quarter was a driver, accounting for about 25 basis points of the improvement, favorable backlog margins from the acquired entities contributed approximately 25 basis points, and the benefit of a factory closure in China completed in December of last year added another 50 basis points in the quarter. Moving to adjusted EBITDA, Q1 2024 delivered $13.2 million, a record for any quarter one benefiting from record sales in the first quarter with margins expanding appropriately about 200 basis points to 10.5%. EBITDA drop through in higher sales was partially offset by seasonally higher G&A expenses, which included our inaugural global leadership meeting held in Dallas, an investment in a commercial excellence project with a leading consulting firm, and the launch of our global sourcing and productivity initiatives.

April 30, 2024, 11:01 p.m.
Earnings call: QIAGEN posts mixed Q1 results, reaffirms 2024 outlook
Earnings call: QIAGEN posts mixed Q1 results, reaffirms 2024 outlook
['year', 'QIAGEN', 'sales', 'growth', 'first']

Earnings call: QIAGEN posts mixed Q1 results, reaffirms 2024 outlook

Earnings call: QIAGEN posts mixed Q1 results, reaffirms 2024 outlook

QIAGEN N. V. reported a 5% decline in net sales for the first quarter of 2024, totaling $462 million at constant exchange rates, compared to the same period last year. As the last point, we are reaffirming our full year 2024 outlook. The start of the year shows that we are building momentum to achieve our full year outlook for at least $2 billion of sales at CER. This represents at least 2% CER growth from the $1.97 billion in 2023 and also at least 3% CER growth in the non-COVID portfolio. We continue to expect growth in the QuantiFERON TB test of at least 10% CER while also expecting double-digit CER sales improvements from QIAcuity and QIAstat-Dx. Our QIAGEN Digital Insights business is also set to deliver growth at a double-digit CER pace for the year as well. As for currency movements and based on rates as of April 2026, we expect a neutral impact on full year net sales, but for an adverse impact of about $0.01 per share on adjusted EPS results. Our teams are committed to delivering on the full year adjusted operating income margin target of at least 28%. Efficiency initiatives are helping to create more flexibility and enhance our effectiveness across the QIAGEN organization. Can you just talk a little bit about going through each of those, what you're seeing? Are there different trends in China and just expectations as we work our way through the year there? Does it sound like you're overly optimistic on improvement, but I just want to talk through the outlook of the year there.

April 30, 2024, 10:26 p.m.
China Keeps Shooting Itself in the Foot in Hong Kong
China Keeps Shooting Itself in the Foot in Hong Kong
['Hong', 'Kong', 'Beijing', 'China', 'Law']

The Chinese government’s suppression of civil liberties in Hong Kong hit new heights in March with the unanimous passage of sweeping national security legislation by... Read More The post China Keeps Shooting Itself in the Foot in Hong Kong appeared first on …

China Keeps Shooting Itself in the Foot in Hong Kong

The move is just the latest indication of how willing China is to jeopardize its own economic interests to crack down on Hong Kong. What is shocking about the legislation, along with other measures Beijing has taken to bring Hong Kong to its knees, isn't that it has stripped the city's residents of their rights or that it failed to comply with the Sino-British Joint Declaration, in which China promised to let Hong Kong maintain its own system through 2047. China long has relied on Hong Kong as a gateway to engage with the world. Hong Kong, with one foot in China and one in the global financial system, has served as a conduit of foreign investment into China as well as Chinese investment abroad. This has facilitated China's efforts to enjoy the benefits of the global system while maintaining strong control over its own economy. Hong Kong is so important to China's financial system and global ambitions that most in the international business community didn't think Beijing would ever risk jeopardizing its unique role. If the National Security Law was unnecessary and irrational, the actions by Beijing and Hong Kong following its passage have been downright superfluous. Although national security legislation was required under Article 23 of the Hong Kong Basic Law, its vague and draconian contents-and hasty passage through the Legislative Council-expose just how paranoid Beijing and its subordinates in the Hong Kong government are about any perceived opposition to their hold on power.

April 30, 2024, 9:55 p.m.
Chinese tech giant Huawei profit surges 564%, biting into Apple sales
Chinese tech giant Huawei profit surges 564%, biting into Apple sales
['Huawei', 'firm', 'company', 'China', 'Washington']

Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the U.S.-sanctioned firm continues a rebound and bit into competitor Apple's sales in China. Huawei has long found itself caught in the middle of …

Chinese tech giant Huawei profit surges 564%, biting into Apple sales

Tech giant Huawei's first-quarter profits surged over fivefold year-on-year, a company filing showed Tuesday, as the U.S.-sanctioned firm continues a rebound and bit into competitor Apple's sales in China. Huawei has long found itself caught in the middle of an intense technological rivalry between Beijing and Washington, which has warned the firm's equipment could be used for Chinese espionage operations - allegations denied by Huawei. Net profit in the January-March period amounted to $2.7 billion, up 564 percent from the first quarter of last year, according to a results filing by Huawei's holding company on an official website and confirmed by a representative of the firm. Huawei is a private, unlisted company, and is therefore not subject to the same obligations as other major firms to publish detailed results. Huawei competitor Apple saw iPhone sales slump by 19 percent in the first quarter in China, Bloomberg reported, citing market research firm Counterpoint. The latest earnings report comes a month after Huawei said its profits more than doubled in 2023, a year in which the smartphone maker continued its efforts to diversify. Revenue growth in the first quarter was achieved by "Seizing opportunities in digitalization, intelligence, and decarbonization", a Huawei representative told AFP, adding: "The industry and global markets will remain rife with uncertainty for the rest of 2024".

April 30, 2024, 9 p.m.
Blinken's diplomatic dance in China
Blinken's diplomatic dance in China
['China', 'Blinken', 'Chinese', 'Taiwan', 'American']

US Secretary of State Antony Blinken visited China for whirlwind discussions with the People's Republic political grandees in Shanghai and Beijing with the hope of "stabilising the relationship" between both countries. So into the Beijing/Washington political…

Blinken's diplomatic dance in China

US Secretary of State Antony Blinken visited China for whirlwind discussions with the People's Republic political grandees in Shanghai and Beijing with the hope of "Stabilising the relationship" between both countries. So into the Beijing/Washington political turbulence, Mr Blinken flew to smooth the Sino-American political rivalry, especially over China's military assertiveness towards the South China Sea, Taiwan, the Ukraine war, and naturally two-way trade. Among the key concerns "Shared by a growing number of countries" remains China's "Provocative actions to the Taiwan Strait, as well as in the South and East China Seas." Mr Bliken stated. Commercial ties between the US/PRC are huge but still massively favour China through longstanding trade deficits with the US While American exports to China have importantly increased, the trade imbalance last year still reached a whopping $279 billion. A point Mr Blinken made to sceptical Chinese trade officials was to clarify the US stance towards China, namely that the US is not seeking to "Contain" China economically. Turning to the war in Ukraine, Mr Blinken warned his Chinese counterparts over "Our serious concern about the PRC providing components that are powering Russia's brutal war of aggression against Ukraine. China is the top supplier of machine tools, microelectronics, nitrocellulose, which is critical to making munitions and rocket propellants, and other dual-use items". Mr Wang told Mr Blinken that the United States should respect China's "Red lines", namely the PRC's territorial claim over democratic Taiwan as well as "Introducing measures to contain China".

April 30, 2024, 8:50 p.m.
Philippines says China damaged its vessels at sea with water cannons
Philippines says China damaged its vessels at sea with water cannons
['China', 'Philippine', 'vessel', 'coast', 'guard']

The Philippines accuses China's coast guard of harassing and damaging two of its boats in a disputed area of the South China Sea, rejecting Beijing's position that it had expelled those vessels from the hotly contested shoal.

Philippines says China damaged its vessels at sea with water cannons

What's next? The Philippines' task force on South China Sea issues said a coast guard ship and a fisheries vessel were damaged by water cannons used by Chinese coast guard ships. Philippines has accused China's coast guard of harassment and of damaging two of its boats in a disputed area of the South China Sea, rejecting Beijing's position that it had expelled those vessels from the hotly contested shoal. The Philippines' task force on South China Sea issues said a coast guard ship and a fisheries vessel were damaged by water cannons used by Chinese coast guard ships, as the vessels headed to Scarborough shoal to assist Filipino fishermen in the area. China claims sovereignty over much of the South China Sea, a conduit for more than $3 trillion in annual ship-borne commerce, including parts claimed by the Philippines, Vietnam, Indonesia, Malaysia and Brunei. China and the Philippines have traded accusations of illegal conduct at the Scarborough Shoal and Manila recently summoned a Chinese diplomat to explain aggressive manoeuvres. China typically accuses the Philippines of encroaching on its territory. The two countries previously said they would seek better communication over skirmishes in the South China Sea, but tensions have increased recently, as the Philippines forges stronger diplomatic and military ties with the United States.

April 30, 2024, 8:17 p.m.
China Hosts 'Unity' Talks Between Palestinian Fatah and Hamas Terrorists
China Hosts 'Unity' Talks Between Palestinian Fatah and Hamas Terrorists
['Hamas', 'Palestinian', 'Fatah', 'Gaza', 'dialogue']

Chinese Foreign Ministry spokesman Lin Jian said on Tuesday that representatives from the two main Palestinian factions, the terrorist organization Hamas and Fatah, made progress at recent “unity talks” held in Beijing. The post China Hosts ‘Unity’ Talks Betw…

China Hosts 'Unity' Talks Between Palestinian Fatah and Hamas Terrorists

Lin said Hamas and Fatah sent representatives to Beijing at China's invitation for "In-depth and candid dialogue on promoting Palestinian reconciliation." Lebanon's Al Mayadeen News, which is widely believed to be affiliated with Hezbollah, quoted a "Palestinian source" who said Hamas and Fatah discussed "The importance of unifying the Palestinian position regarding the Israeli genocidal war on Gaza, emphasizing the importance of a ceasefire and the complete withdrawal of the Israeli occupation forces from the Strip," plus resistance to Israeli "Settlers" in the West Bank - in other words, everything they already agreed on. Hamas and Fatah have been at odds since Hamas used deadly violence to expel Fatah from Gaza in 2007. In addition to squabbling over power, Fatah and Hamas have significant ideological divisions, with Fatah generally marketing itself as the more reasonable faction. Hamas seems particularly determined to quash the Biden administration's notions that Fatah could take over in Gaza after Israel wipes Hamas out, or that a "Two-state solution" for the Palestinians might be possible if Hamas is frozen out of power. China has refused to condemn the Hamas atrocities of October 7, strongly backs Hamas demands for a "Cease-fire" that would preserve its viability as a military and terrorist force, and seems willing to indulge every allegation Hamas levels against Israel. The Chinese may have calculated there is no way to maintain their image as an increasingly influential superpower and global deal-maker without arranging a rapprochement between Hamas and Fatah to sustain the illusion of a nascent Palestinian "State" with responsible leadership.

April 30, 2024, 7:46 p.m.
Research reveals overlooked factor driving China's real estate crisis
Research reveals overlooked factor driving China's real estate crisis
['China', 'developers', 'estate', 'real', 'housing']

The default of Evergrande, one of China's largest developers, set off a chain of defaults among developers, triggering the ongoing property market crisis in China.

Research reveals overlooked factor driving China's real estate crisis

The default of Evergrande, one of China's largest developers, set off a chain of defaults among developers, triggering the ongoing property market crisis in China. While analysts frequently attribute the crisis to China's tax system, land finance, state intervention, and various other factors, recent University of Michigan research has revealed an often overlooked aspect-the concentrated nature of the real estate industry. The top five real estate developers in China accounted for 30% of the country's total housing production in 2018, compared to a share of 13% in the U.S. Housing production in the U.S. was only about a quarter of what China has produced in the last decade. The concentration of the real estate sector in China was mostly due to the advantages large developers enjoy, according to the study. The real estate sector contributed around 20% of China's GDP. Large developers often expanded nationally, looking for new development opportunities outside their home cities, especially in regions with lower land costs, leading to housing oversupply in those places. More information: Lan Deng et al, Housing production and the structural transformation of China's real estate development industry, Housing Studies. Citation: Research reveals overlooked factor driving China's real estate crisis retrieved 1 May 2024 from https://phys. org/news/2024-04-reveals-overlooked-factor-china-real.

April 30, 2024, 7:29 p.m.
Recovery in Chinese Tourism to the U.S. Is Happening – But It's Lagging Other Countries
Recovery in Chinese Tourism to the U.S. Is Happening – But It's Lagging Other Countries
['U.S.', 'China', 'Chinese', 'travel', 'Japanese']

It's good news that Chinese tourism will recover faster than expected. Weak air connectivity remains a problem. -Dawit Habtemariam

Recovery in Chinese Tourism to the U.S. Is Happening – But It's Lagging Other Countries

It's good news that Chinese tourism will recover faster than expected. The U.S. travel industry will see a full recovery in Chinese and Japanese tourism by 2026 - one year earlier than previously projected, according to the U.S. National and Travel Tourism Office's latest annual forecast released Tuesday. Both China and Japan will behind the rest of the U.S.' source markets - the office expects international travel to the U.S. to fully recover in 2025. Brand USA CEO and President Chris Thompson told Skift in 2023 that Chinese tourists spent over $30 billion in 2019, making them the U.S.' highest spenders. Barriers to Chinese Tourism to the U.S. Huether cited China's weak economy and flight restrictions as reasons why China is behind other source markets. Air connectivity between China and the U.S. is 25% of its pre-pandemic level, said Ennis. In April, the aviation industry trade group Airlines for America sent a letter to the U.S. government asking for a pause on more passenger flights between China and the U.S. Rising Airfares Discourage Some Japanese Travelers.

April 30, 2024, 7:02 p.m.
India 'Shocked' After Musk Cancels Trip, Then Makes Surprise Visit to China
India 'Shocked' After Musk Cancels Trip, Then Makes Surprise Visit to China
['Musk', 'India', 'Modi', 'China', 'Tesla']

Indian media expressed surprise and anger this week when Tesla CEO Elon Musk canceled a planned trip to India and made a surprise visit to China instead. The post India ‘Shocked’ After Musk Cancels Trip, Then Makes Surprise Visit to China appeared first on Br…

India 'Shocked' After Musk Cancels Trip, Then Makes Surprise Visit to China

Indian media expressed surprise and anger this week when Tesla CEO Elon Musk canceled a planned trip to India and made a surprise visit to China instead. The Indian opposition, hoping to make progress against the ruling BJP party in the long parliamentary election currently underway, leaped at the opportunity to claim that Prime Minister Narendra Modi's policies are driving foreign investors away. Musk was supposed to visit New Delhi last week to meet with Modi, announce a new $3 billion Tesla automobile factory, and discuss plans for importing Teslas into India. As recently as April 10, Musk said he was looking forward to the trip - but he abruptly canceled the trip, explaining in a terse April 20 post on his social media site X that "Very heavy Tesla obligations require that the visit to India be delayed, but I do look forward to visiting later this year." Musk said on April 20 he looks forward to visiting India later this year, but the Indian government has not commented on his trip cancellation or China visit. If Musk had gone through with his original plans and announced a multi-billion-dollar investment in India after meeting with Modi, it would clearly have boosted Modi and his party during the parliamentary election, which began on April 19 and will continue until mid-May. The election was broken into multiple phases to account for India's huge size and population. This state of anxiety gave the Chinese Communist Party even more leverage over Musk and the Party was eager to use it, viewing Musk as "a welcome antidote to the tough talk from U.S. officials, which played out most recently during a visit by Secretary of State Antony Blinken." Musk's change in plans marks a fresh setback for long-running negotiations between India and the electric-car pioneer for its entry to the world's third-largest automotive market, and prompts questions over Tesla's India plans.

April 30, 2024, 6 p.m.
China unveils video of its moon base plans, which weirdly includes a NASA space shuttle
China unveils video of its moon base plans, which weirdly includes a NASA space shuttle
['lunar', 'Space', 'China', 'launch', 'video']

A video outlining China's moon base plans depicts a wide number of concepts, including surface sample return operations, a lander and rover, and supporting orbital satellites.

China unveils video of its moon base plans, which weirdly includes a NASA space shuttle

The China National Space Administration has released a video of its concept for a lunar base to be developed across the next couple of decades. CNSA unveiled the video on Wednesday as part of the country's annual space day celebrations. China is now leading the moon base initiative and attempting to attract international partners for the endeavor. "The moon serves as a starting point, and an international lunar research station will provide a platform for long-term scientific research, work and habitation, paving the way for future human exploration into deeper space. It will serve as a technological, material, and intellectual reservoir, preparing us for future missions to Mars and other distant destinations in space," Wu Weiren, chief designer of China's lunar exploration program, told China Central Television on Wednesday. One curious detail of the video is the presence of a retired NASA Space Shuttle appearing to lift off from a launch pad in the background. The shuttle was retired in 2011, NASA is largely prohibited from cooperating with Chinese entities and has its own Artemis Program, while China is also developing its own large and reusable launch vehicles for lunar exploration. China designated April 24 as its 'Space Day' in 2016 to mark the occasion of the launch of its first satellite, Dongfanghong-1, into space in 1970, and signal the country's growing ambitions for, and value of, space.

April 30, 2024, 5:26 p.m.
Wild video captures a Chinese Coast Guard ship collide with a Philippine vessel while battering it with a powerful water cannon
Wild video captures a Chinese Coast Guard ship collide with a Philippine vessel while battering it with a powerful water cannon
['Philippine', 'vessel', 'Chinese', 'Guard', 'ship']

It's the latest of recent confrontations between China and the Philippines in the contested South China Sea that have damaged Philippine ships.

Wild video captures a Chinese Coast Guard ship collide with a Philippine vessel while battering it with a powerful water cannon

Official videos and other footage from media members show the latest flare-up between the two countries as China continues to defy international legal rulings on South China Sea territory and engage Philippine vessels in Manila's exclusive economic zone. The footage shows Chinese vessels firing water cannons at a Philippine Coast Guard ship and a vessel of the country's Bureau of Fisheries and Aquatic Resources, the BRP Bagacay and BRP Datu Bankaw, as the two vessels carried out a "Legitimate maritime patrol" near Scarborough Shoal, a contested area of the South China Sea inside the Philippine's exclusive economic zone where China forcefully exerts control. "During the patrol, the Philippine vessels encountered dangerous maneuvers and obstruction from four China Coast Guard vessels and six Chinese Maritime Militia vessels," Philippine Coast Guard spokesperson Commodore Jay Tarriela said. "This damage serves as evidence of the forceful water pressure used by the China Coast Guard in their harassment of the Philippine vessels." The Telegraph's Asia correspondent Nicola Smith was aboard the Philippine Coast Guard ship Bagacay and wrote of the experience that as the Chinese ships hammered the vessel with their water cannons, "All you could hear was the thundering of the water and more frantic shouts of the crew." The video posted on X of a Chinese Coast Guard ship colliding with the Datu Bankaw while spraying it with water notably showed that the Chinese ship was "Specifically targeting the Philippine ship's navigation and communication equipment," Tom Shugart, a former US Navy officer and current adjunct senior fellow at the Center for a New American Security think tank, wrote on social media. A recent one in March saw a Chinese water cannon destroy a Philippine ship's windows and injure four sailors.

April 30, 2024, 4:47 p.m.
Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock
Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock
['Tesla', 'FSD', 'China', 'Bank', 'technology']

"Competition is increasing from domestic manufacturers and FSD will help TSLA catch up to, and potentially exceed, other EV offerings on the market."

Tesla's plans to launch full self-driving tech in China could add $2 billion in earnings by 2030 and boost its stock

Tesla's roll out of full-self driving technology in China could earn it over $2 billion by 2030, Bank of America said. Tesla's success in getting China to approve its full self-driving technology could rev up the firm's earnings this decade, Bank of America said. The electric vehicle maker could pocket in excess of $2 billion by 2030, assuming that its software is increasingly adopted by Tesla drivers in China, the bank wrote on Monday. Once the technology rolls out, Tesla could charge Chinese FSD users around $99 a month, based on its US pricing. In the case that just a quarter of the 1.6 million Tesla drivers subscribe, this would amount to just half a billion in annual revenue, Bank of America said. Also possible is that FSD generates zero earnings if Tesla feels pressured to deploy the technology at no cost to the consumer. Aside from the China FSD deal, Tesla's stock will also benefit from the August Robotaxi event, a fresh product in 2025, and the possible licensing of FSD. Bank of America maintains a $220 price target on Tesla, representing almost 20% upside from current levels.

April 30, 2024, 4 p.m.
M'sia to see more Chinese tourists during golden week
M'sia to see more Chinese tourists during golden week
['content', 'service', 'information', 'device', 'based']

KUALA LUMPUR: The country is expecting an influx of visitors during China’s Labour Day golden week, says Tourism Malaysia director-general Manoharan Periasamy. Read full story

M'sia to see more Chinese tourists during golden week

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.

April 30, 2024, 3:57 p.m.
China's Shenzhou 17 astronauts return to Earth after 6 months in space (video)
China's Shenzhou 17 astronauts return to Earth after 6 months in space (video)
['Tiangong', 'Shenzhou', 'astronaut', 'space', 'launch']

China's Shenzhou 17 astronauts touched down safely this morning (April 30), bringing their six-month mission to a successful close.

China's Shenzhou 17 astronauts return to Earth after 6 months in space (video)

The Shenzhou 17 spacecraft touched down under parachutes in the Inner Mongolia Autonomous Region today at 5:46 a. m. EDT, about nine hours after departing China's Tiangong space station. All three Shenzhou 17 crewmembers - Tang Hongbo, Tang Shengjie and Jiang Xinlin - are healthy and safe, according to China's state-run Xinhua news agency, which cited the China Manned Space Agency. Shenzhou 17 launched atop a Long March 2F rocket on Oct. 25 and arrived at Tiangong about 6.5 hours later. The Shenzhou 17 trio was also the youngest crew ever to visit Tiangong; on launch day, Tang Hongbo was 48, Tang Shengjie was 34 and Jiang was 35. The Shenzhou 17 crew had an eventful six months in low Earth orbit. In January, the astronauts welcomed to Tiangong the Tianzhou 7 robotic cargo ship, which brought supplies up for them and their Shenzhou 18 successors. The complex is about 20% as massive as the International Space Station, but that may not always be the case: Chinese space officials have expressed interest in launching more modules to Tiangong, which they aim to keep staffed by rotating astronaut crews for at least the next decade.

April 30, 2024, 3:06 p.m.
Biden has made 148 mistakes in public remarks so far this year: report
Biden has made 148 mistakes in public remarks so far this year: report
['Biden', 'President', 'transcript', 'during', 'White']

President Biden has committed 148 gaffes and verbal stumbles in public comments so far this year, which White House staff have scrambled to fix in official transcripts. Biden, 81, tripped over his tongue in at least 118 statements, speeches or comments betwee…

Biden has made 148 mistakes in public remarks so far this year: report

President Biden has committed 148 gaffes and verbal stumbles in public comments so far this year, which White House staff have scrambled to fix in official transcripts. Last week, Biden read a cue from his teleprompter out loud during a speech at the North America's Building Trades Unions National Legislative Conference, botching a scripted call for his re-election. Biden has also given the wrong names or titles for people, places or groups at least 20 times during his remarks - misidentifying the leaders of France, Egypt and Mexico. "We must be honest: The threat to democracy must be defended," Biden declared. Biden called her "Lincoln" - but the speech's transcript still shows it as "Lanken" and corrects it to "Laken." The mixups amended by Biden's staff don't include dubious suggestions about his personal history or career in public service - including his recent suggestion that cannibals ate his uncle during World War II. "He got shot down in an area where there were a lot of cannibals in New Guinea at the time," Biden told reporters on April 17 of his mother's brother, Army Air Corps aviator Ambrose Finnegan. Later the same day, Biden screwed up another attack on congressional Republicans accusing him of striking a permissive stance toward China.

April 30, 2024, 3:05 p.m.
China Boots Scientist Who Shared COVID Data From Lab
China Boots Scientist Who Shared COVID Data From Lab
['Zhang', 'lab', 'team', 'outside', 'scientist']

The first scientist to publish a sequence of the COVID-19 virus in China staged a sit-in protest outside his lab after authorities locked him out of the facility—a sign of Beijing's continuing pressure on scientists conducting research on the coronavirus, per…

China Boots Scientist Who Shared COVID Data From Lab

UPDATE May 1, 2024 1:00 AM CDT The first scientist to publish a sequence of the COVID-19 virus in China said he was allowed back into his lab after he spent days locked outside, sitting in protest. Zhang had been staging a sit-in protest outside his lab since the weekend after he and his team were suddenly notified they had to leave their lab, a sign of Beijing's continuing pressure on scientists conducting research on the coronavirus. Apr 30, 2024 10:05 AM CDT The first scientist to publish a sequence of the COVID-19 virus in China staged a sit-in protest outside his lab after authorities locked him out of the facility-a sign of Beijing's continuing pressure on scientists conducting research on the coronavirus, per the AP. Zhang Yongzhen wrote in an online post Monday that he and his team had been suddenly notified they were being evicted from their lab, the latest in a series of setbacks, demotions, and ousters since the virologist published the sequence in January 2020 without state approval. The Shanghai Public Health Clinical Center said Zhang's lab was being renovated and was closed for "Safety reasons." It added that it had provided Zhang's team an alternative laboratory space. Zhang wrote online that his team wasn't offered an alternative until after they were notified of their eviction, and that the lab offered didn't meet safety standards for conducting their research, leaving his team in limbo. Zhang's latest difficulty reflects how China has sought to control information related to the virus: An AP investigation found that the government froze meaningful domestic and international efforts to trace it from the first weeks of the outbreak. An AP reporter was blocked by a guard at an entrance to the compound housing Zhang's lab.

April 30, 2024, 3:03 p.m.
Open wide! Upcoming Exeed E08 MPV has clever semi-robotic doors
Open wide! Upcoming Exeed E08 MPV has clever semi-robotic doors
['vehicle', 'show', 'Exeed', 'Chery', 'E08']

Chinese automotive giant Chery spawned the Exeed luxury sports brand in 2017 and the Exeed E08 "concept MPV" shown at Auto China last week, has done just that. The Exeed 08 has used automation at six key points to vastly increase the usability of the vehicle …

Open wide! Upcoming Exeed E08 MPV has clever semi-robotic doors

Chinese automotive giant Chery spawned the Exeed luxury sports brand in 2017, and the Exeed E08 "Concept MPV" shown at Auto China last week definitely does exceed expectations. The Exeed 08 features automation at six key points to vastly increase the usability of the vehicle and to optimize space, plus it offers a few very handy party tricks. At 5.2 meters in length, it is less than two inches longer than a Kia Carnival or Chrysler Pacifica, but the Chinese-UK design team appears to have thought about using every part of the vehicle to create better access and usability, and much of the function of the vehicle's robotic doors was not demonstrated to the press during the press days. Starting from a clean sheet, Exeed has used that vast area at the front of an MPV for a series of lights, rather than imprinting the traditional "Company design DNA" that is essentially a carryover from the internal combustion engine era - when designs were required to accommodate large radiators and air ducts. It clearly shows front doors that can remain flat with the vehicle while open, and the massive sliding doors on either side of the vehicle which offer easy access to the third row of seats. As can be seen from this photo from the show, the front doors also open much wider than normal doors, but with this degree of access available on both sides of the vehicle, the design certainly gets the maximum space possible from the shape of the vehicle. It might also explain why before the 2024 Beijing Auto Show is even finished, rumours are swirling that the Exeed E08 concept car will see production before the year is out, with a price of CNY 400,000 - 500,000.

April 30, 2024, 3:03 p.m.
U.S. sanctions won't stop Huawei from soaring past Apple in China
U.S. sanctions won't stop Huawei from soaring past Apple in China
['Huawei', 'chip', 'U.S.', 'smartphone', 'advanced']

Chinese smartphone-maker Huawei reported a rise in profit for the fourth consecutive quarter, outpacing its rival Apple, and showing its resilience against U.S. sanctions.Read more...

U.S. sanctions won't stop Huawei from soaring past Apple in China

Chinese smartphone-maker Huawei reported a rise in profit for the fourth consecutive quarter, outpacing its rival Apple, and showing its resilience against U.S. sanctions. Apple's share of China's smartphone market also fell year-over-year in the first quarter of 2024 from 19.7% to 15.7%. Last August, Huawei released its Mate 60 Pro smartphone series. The phone is powered by the Kirin 9000s chip, which uses an advanced 7-nanometer processor made by top Chinese chipmaker Semiconductor Manufacturing International Corp. Both the smartphone and chip were considered a feat for Huawei. Although it's been on the U.S. trade blacklist since 2019, Huawei saw a resurgence in China after releasing the Mate 60 Pro, with smartphone sales rising almost 70% year-over-year in the first quarter of 2024. Huawei released its newest smartphone, the Pura 70, earlier this month. Despite Huawei's successes, United States officials said earlier this month its efforts to curb advanced chipmaking in China are working. Despite being on the U.S. sanctions list, Huawei can still receive advanced chipmaking tools from American companies who have a special license to sell to blacklisted firms.

April 30, 2024, 2:30 p.m.
EU duties might not be enough to hold off flood of Chinese EVs
EU duties might not be enough to hold off flood of Chinese EVs
['content', 'service', 'information', 'device', 'based']

15 to 30% won't touch the sides... 50%? Now you're talking Import duties of 40 to 50 percent will be needed to shield the European auto industry from China-based producers, according to a new report.…<!--#include virtual='/data_centre/_whitepaper_textlinks_to…

EU duties might not be enough to hold off flood of Chinese EVs

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.

April 30, 2024, 2:25 p.m.
China Should Emulate Taiwan's Tech Policies
China Should Emulate Taiwan's Tech Policies
['Taiwan', 'China', 'average', 'market', 'Company']

Taiwan’s experience offers valuable lessons for China. Perhaps the most important one concerns the “financialization of innovation,” whereby technology investment is funded by risk capital from the stock market, rather than by the risk-adverse banking system.

China Should Emulate Taiwan's Tech Policies

Taiwan's experience offers valuable lessons for China. His 11-day visit, which included a meeting with Chinese President Xi Jinping, is significant not only because it highlighted the two sides' historical and cultural links, but also because it refocused the Chinese government's attention on areas where it could learn from and cooperate with Taiwan. A small island with few natural resources, Taiwan punches well above its weight economically. Today, Taiwan is the world's 22nd largest economy, with a GDP of $803 billion, and ranks 14th in per capita purchasing-power-parity terms. Just one firm, Taiwan Semiconductor Manufacturing Company, accounts for one-third of the stock market's total value. Taiwan dominates the global semiconductor-manufacturing industry, supplying over 60% of the world's semiconductors, and more than 90% of the most advanced chips - the vast majority produced by TSMC. The company's P/E ratio is particularly high, at 26.34. As of March 2024, Taiwan held the world's fifth-largest stock of foreign-exchange reserves, behind only China, Japan, Switzerland, and India.

April 30, 2024, 2 p.m.
Space threats, NORAD upgrade may spur new private defense spending in Canada
Space threats, NORAD upgrade may spur new private defense spending in Canada
['Canadian', 'space', 'satellite', 'Canada', 'NORAD']

The United States and Canada aim to upgrade NORAD to deal with emergent space threats from nations like China or Russia. Canada will hold an industry day May 1 to gather more ideas.

Space threats, NORAD upgrade may spur new private defense spending in Canada

NORAD, the North American Aerospace Defense Command, is the entity that monitors the air and space around Canada and the continental United States for any threats. "It's become very clear to us and our allies, over the last little while, that this really needs to be a large team effort in terms of not just having defense capabilities, but certainly leveraging those of industry partners," said Brigadier-General G. Michael Adamson, commander of 3 Canadian Space Division, in the same livestream. The division is the equivalent of the U.S. Space Force and aims to more deeply integrate space activities into the Canadian Armed Forces, Adamson told Space. com late last year. "We want to make sure that we not only include Canadian industry, but hear how their space capabilities could help us with our future problems in the NORAD context," he continued. While the Canadian Space Agency is a civilian organization, it collaborates with the defense department using the Radarsat satellite series. As for satellite surveillance, Canada has a decade-old satellite in orbit called Sapphire, also made by MDA Space. As the first dedicated military space surveillance satellite for Canada, it passively records the light from objects in space up to and a bit beyond geosynchronous orbit, which is 22,236 miles above Earth.

April 30, 2024, 2 p.m.
The impact of housing prices and land financing on economic growth: Evidence from Chinese 277 cities at the prefecture level and above
The impact of housing prices and land financing on economic growth: Evidence from Chinese 277 cities at the prefecture level and above
['land', 'price', 'housing', 'economic', 'growth']

With the rapid progress of urbanization in China, the real estate industry, characterized by a long industrial chain, has become a pillar industry for economic development. Therefore, we inspect the nexus between land finance, housing prices, and economic gro…

The impact of housing prices and land financing on economic growth: Evidence from Chinese 277 cities at the prefecture level and above

Many scholars believe that there is a Kuznets inverted U-shaped curve between land finance and economic growth-that is, land finance is conducive to economic growth in the short term, but excessive dependence on land finance will inhibit economic growth [31, 32]. On the relationship between land finance and housing prices, a large number of studies have found that land finance has a positive impact on housing prices. Under the championship model, local governments often sell industrial land at land prices to attract investment and obtain tax revenues; Selling residential land at a high price to obtain land transfer fees increases fiscal revenue. The core factor affecting land finance is the price of urban land, and economic growth will affect the price of land by affecting the demand and supply of land. The second one is finance for land: land finance includes not only land transfer income, but also land-related real estate taxes and bank income obtained by mortgaging land. Taking land finance as the explained variable, the dynamic effects of economic growth, land finance, housing price, and residents' income level on land finance are significantly positive at the levels of 1 percent and 5 percent, respectively, indicate that China's land finance has formed a positive feedback in the time series and the increase in economic growth, housing price, and residents' income level has significantly promoted land finance. For land finance, the contribution of economic growth and housing prices is also gradually increasing, and the final stable value is stable at about 0.4, indicating that the contribution of economic growth and housing prices to land finance is not much different, probably because land finance is more relevant to the land policies of cities. There is a one-way Granger causality between economic growth and land finance, and economic growth is the Granger cause of land finance; there is a one-way Granger causality between land finance and housing prices, and housing prices are the Granger cause of land finance.

April 30, 2024, 1:59 p.m.
TikTok Employees Are Being Singled Out For Interrogation At U.S. Border
TikTok Employees Are Being Singled Out For Interrogation At U.S. Border
['TikTok', 'U.S.', 'employees', 'ByteDance', 'data']

Border agents have asked employees traveling to the U.S., about their access to sensitive American data and whether they are members of the Chinese Communist Party.

TikTok Employees Are Being Singled Out For Interrogation At U.S. Border

Now, Forbes has learned from sources in a position to know and materials that more than 30 TikTok employees entering the U.S. have been stopped at the border and faced similar questioning from Customs and Border Protection. According to the sources, many of these employees are Chinese and are employed across ByteDance and TikTok in a variety of capacities, including in data engineering and machine learning. The questions that CBP agents have asked employees have focused on the relationship between TikTok and ByteDance and the companies' billion-dollar effort to wall off private information about American TikTok users from Chinese employees, known internally as Project Texas. CBP agents have asked the employees about their access to U.S. TikTok users' data, where the company's U.S. data centers are, and what their involvement is with Project Texas. The interrogations of TikTok employees come alongside an increase in CBP questioning of Chinese students and academics - especially those working in the sciences - at U.S. borders, a signal of increasing fear of technological espionage from China. Forbes reporting showed that information including creators' and advertisers' bank information and social security numbers were stored in China, despite congressional testimony from TikTok CEO Shou Zi Chew in March 2023 that "American data has always been stored in Virginia and Singapore in the past." Following Forbes reporting about the data storage, Senate leaders questioned TikTok about the "Incorrect claims." Foreign TikTok and ByteDance employees are finding it harder to travel to the U.S. for work.

April 30, 2024, 1:51 p.m.
Chinese scientist, first to publish COVID sequence, protests lab lockout
Chinese scientist, first to publish COVID sequence, protests lab lockout
['Zhang', 'lab', 'sequence', 'Chinese', 'virus']

Zhang Yongzhen, the first scientist to publish a sequence of the COVID-19 virus in China, staged a sit-in protest outside his lab after being locked out by authorities.

Chinese scientist, first to publish COVID sequence, protests lab lockout

The first scientist to publish a sequence of the COVID-19 virus in China staged a sit-in protest outside his lab after authorities locked him out of the facility - a sign of the Beijing's continuing pressure on scientists conducting research on the coronavirus. News of the protest spread widely on Chinese social media and Zhang told a colleague he slept outside the lab - but it was not clear Tuesday if he remained there. Zhang, the first scientist to publish a sequence of the COVID-19 virus in China, was staging a sit-in protest after authorities locked him out of his lab. Zhang wrote in an online post on April 29, 2024, that he and his team were suddenly notified they were being evicted from their lab, the latest in a series of setbacks, demotions and ousters since he first published the sequence in early January 2020. Zhang's ordeal started when he and his team decoded the virus on Jan. 5, 2020, and wrote an internal notice warning Chinese authorities of its potential to spread - but did not make the sequence public. The next day, Zhang's lab was ordered temporarily shut by China's top health official, and Zhang came under pressure by Chinese authorities. Foreign scientists soon learned that Zhang and other Chinese scientists had deciphered the virus and called for him to publish.

April 30, 2024, 1:39 p.m.
Carlsberg A/S : Q1 2024 Conference Call Transcript
Carlsberg A/S : Q1 2024 Conference Call Transcript
['growth', 'market', 'volume', 'year', 'see']

(marketscreener.com) CARLSBERG A/S Q1 2024 CONFERENCE CALL Corporate Participants Jacob Aarup-Andersen - Chief Executive Officer, Carlsberg A/S Ulrica Fearn - CFO MANAGEMENT DISCUSSION SECTION Operator: Ladies and gentlemen, thank…

Carlsberg A/S : Q1 2024 Conference Call Transcript

We saw good growth for our key strategic growth drivers, such as premium beer and growth in Asia, and we maintained the earnings guidance for the year. We delivered 6.4% organic revenue growth driven by organic volumes of 2% and an increase in revenue per hectoliter of 4%. The volume growth was mainly driven by some of our key markets, such as China, India, Laos and Ukraine. We saw a good growth across the Nordic markets, in Poland, Germany and also in the UK. We also saw double-digit growth in Central and Eastern Europe, but this was offset by lower volumes in some export and license markets, particularly in the Middle East. Looking at the markets in Western Europe and starting with the Nordics, we saw good growth for the premium and soft drinks portfolios in all markets except Norway and very good growth for alcohol-free brews across all markets. Organic revenue growth was 7.3% and due to positive currency impact, reported revenue growth was 8.6%. Ukraine was subject to intense missile and rolling attacks in Q1, which of course impacted the beer market. Good growth for our key strategic growth drivers such as premium beer and growth in Asia. We had low-teens volume growth, around 20% revenue growth in India.

April 30, 2024, 1:18 p.m.
U.S. law firm Mayer Brown prepares split from Chinese operations
U.S. law firm Mayer Brown prepares split from Chinese operations
['HONG', 'Kong', 'law', 'firm']

HONG KONG/NEW YORK -- American law firm Mayer Brown is set to carve out its Hong Kong operation amid U.S.-China tensions and an economic downturn on the mainland, Nikkei Asia has learned, a move that will make it the second most high-profile legal company to …

U.S. law firm Mayer Brown prepares split from Chinese operations

HONG KONG/NEW YORK - American law firm Mayer Brown is set to carve out its Hong Kong operation amid U.S.-China tensions and an economic downturn on the mainland, Nikkei Asia has learned, a move that will make it the second most high-profile legal company to leave the market in recent months. Senior management at the law firm recently asked clients in Hong Kong if they would.

April 30, 2024, 12:57 p.m.
Chinese Scientist Who First Published COVID Sequence Kicked Out Of Lab
Chinese Scientist Who First Published COVID Sequence Kicked Out Of Lab
['Zhang', 'lab', 'HuffPost', 'Chinese', 'free']

Zhang Yongzhen, who released the data without state approval, stages protest after being evicted.

Chinese Scientist Who First Published COVID Sequence Kicked Out Of Lab

Zhang Yongzhen wrote in an online post Monday that he and his team had been suddenly notified they were being evicted from their lab, the latest in a series of setbacks, demotions and ousters since the virologist published the sequence in January 2020 without state approval. News of the protest spread widely on Chinese social media and Zhang told a colleague he slept outside the lab - but it was not clear Tuesday if he remained there. In an online statement, the Shanghai Public Health Clinical Center said that Zhang's lab was being renovated and was closed for "Safety reasons." It added that it had provided Zhang's team an alternative laboratory space. Zhang wrote online that his team wasn't offered an alternative until after they were notified of their eviction, and that the lab offered didn't meet safety standards for conducting their research, leaving his team in limbo. In an email Monday to collaborator Edward Holmes seen by AP, Zhang confirmed he was sleeping outside his lab after guards barred him from entering. An AP reporter was blocked by a guard at an entrance to the compound housing Zhang's lab. Zhang's publication of the sequence also prompted additional scrutiny of his lab, according to Holmes, Zhang's collaborator and a virologist at the University of Sydney.

April 30, 2024, 12:11 p.m.
Forbes Daily: Paramount CEO Exits Amid Controversial Merger Talks
Forbes Daily: Paramount CEO Exits Amid Controversial Merger Talks
['result', 'Trump', 'Biden', 'us', 'company']

Tuesday's edition of Forbes Daily covers Elon Musk and Tesla's surge, hallucination complaint against OpenAI, Hunter Biden's threat to Fox News, Temu censorship and more.

Forbes Daily: Paramount CEO Exits Amid Controversial Merger Talks

This is a published version of the Forbes Daily newsletter, you can sign-up to get Forbes Daily in your inbox here. FIRST UP. Paramount Global CEO Bob Bakish is leaving his role as head of the entertainment company and CBS parent, it announced Monday. Trump added about $406 million to his net worth as a result, with his fortune growing to $5.6 billion, according to Forbes' calculations. Keyword searches for "Trump," "Biden," "Election," "President" and "MAGA," which generate thousands of results for U.S.-based retailers, return no hits on Temu, despite the fact that such items are actually listed on the platform. Hundreds of Trump and Biden-themed products are available for purchase on the site, but searching for "Trump" pulls up nothing. Target shows 24 results for "Biden," and 139 results for "Trump," all of them books. WHY IT MATTERS "I get why they would not show results for banned topics in China, but not showing results for U.S. topics is odd," Juozas Kaziukėnas, the CEO of Marketplace Pulse, an independent e-commerce analysis firm, told Forbes.

April 30, 2024, 11:58 a.m.
China misses air quality goals as economy takes priority: Report
China misses air quality goals as economy takes priority: Report
['content', 'service', 'information', 'device', 'based']

The report found that weather changes contributed more to pollution improvements than emissions changes.

China misses air quality goals as economy takes priority: Report

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.

April 30, 2024, 11:30 a.m.
Chinese scientist who first published COVID sequence stages protest after being locked out of lab
Chinese scientist who first published COVID sequence stages protest after being locked out of lab
['Zhang', 'lab', 'Chinese', 'virus', 'sequence']

The first scientist to publish a sequence of the COVID-19 virus in China staged a sit-in protest outside his lab after authorities locked him out of the facility—a sign of the Beijing's continuing pressure on scientists conducting research on the coronavirus.

Chinese scientist who first published COVID sequence stages protest after being locked out of lab

The first scientist to publish a sequence of the COVID-19 virus in China staged a sit-in protest outside his lab after authorities locked him out of the facility-a sign of the Beijing's continuing pressure on scientists conducting research on the coronavirus. Zhang Yongzhen wrote in an online post Monday that he and his team had been suddenly notified they were being evicted from their lab, the latest in a series of setbacks, demotions and ousters since the virologist published the sequence in January 2020 without state approval. News of the protest spread widely on Chinese social media and Zhang told a colleague he slept outside the lab-but it was not clear Tuesday if he remained there. In an online statement, the Shanghai Public Health Clinical Center said that Zhang's lab was being renovated and was closed for "Safety reasons." It added that it had provided Zhang's team an alternative laboratory space. Zhang's ordeal started when he and his team decoded the virus on Jan. 5, 2020, and wrote an internal notice warning Chinese authorities of its potential to spread-but did not make the sequence public. Foreign scientists soon learned that Zhang and other Chinese scientists had deciphered the virus and called on China to release the sequence. Citation: Chinese scientist who first published COVID sequence stages protest after being locked out of lab retrieved 1 May 2024 from https://phys. org/news/2024-04-chinese-scientist-published-covid-sequence.

April 30, 2024, 11:05 a.m.
Tenet Reports Year-End 2023 Financial Results
Tenet Reports Year-End 2023 Financial Results
['Company', 'Tenet', 'statement', 'revenue', 'data']

(marketscreener.com) Tenet Fintech Group Inc. , today announced its financial results for the year ended December 31, 2023. The Company reported revenue of $42.08 million, compared to $109.88 in 2022, and a net loss of $78.33 million for the year, of which a …

Tenet Reports Year-End 2023 Financial Results

EBITDA equals the results before income taxes, depreciation of property and equipment, depreciation of right-of-use assets, amortization of intangible assets, amortization of financing issuance costs and finance costs, as defined in Note 24.4 of the Audited Consolidated Financial Statements for the years ended December 31st, 2023 and December 31st, 2022.(2) Adjusted EBITDA equals EBITDA as described above adjusted for change in fair value of contingent consideration payable, change in fair value of debenture conversion options, impairment of goodwill, impairment of intangible assets, gain on bargain purchase, loss on investment in a related company, impairment on investment in a related company and loss on legal settlement. Tenet is also a development stage company whose revenue model and clientele were still being defined in China in 2023, while the Company's data and AI-driven product offerings, which Tenet expects will ultimately come to define its revenue model, were only in early development stages by the end of 2023. Finally, Tenet used the fourth quarter of 2023 to reassess its operations in China and took steps to accelerate the transition of its Chinese operations to a predominantly data-driven, recurring revenue business model, which further limited the revenue the Company generated during the fourth quarter. Perhaps the most important operational event that took place in all of 2023 was the launch of the Company's Tenoris3 data science subsidiary's website, which provided a preview of Tenet's data and AI-driven product offerings and how the Company expects to be generating most of its revenue in the future. Full details of the Company's 2023 financial results and outlook for 2024 can be found in the Audited Consolidated Financial Statements and Management's Discussion and Analysis for the years ended December 31, 2023 and 2022, which are available under the Company's profile at www. Tenet CEO Johnson Joseph will answer questions from shareholders related to the Company's 2023 results in a Q&A interview and will also share his perspective on the Company's business plan for 2024 and beyond. Tenet Fintech Group Inc. is the parent company of a group of innovative financial technology and artificial intelligence companies.

April 30, 2024, 10:59 a.m.
Elon Musk is $36 billion richer since returning from his triumphant China trip
Elon Musk is $36 billion richer since returning from his triumphant China trip
['Musk', 'billion', 'Tesla', 'year', 'share']

The Tesla CEO has gained around $36 billion in net worth over the last week, according to Bloomberg's Billionaire Index, after Tesla shares surged.

Elon Musk is $36 billion richer since returning from his triumphant China trip

Elon Musk is $36 billion richer following his recent trip to China. The Tesla CEO has gained $36 billion in net worth over the last week, according to Bloomberg's Billionaire Index, after Tesla shares surged over reports that the company had moved a step closer to getting approval to roll out its Full Self-Driving technology in China. Despite the latest rally, the SpaceX CEO has seen his personal wealth drop by $27.5 billion since the start of the year, according to Bloomberg data, as Tesla shares have trended downward. Shares rose by 12% on Monday's opening bell following Musk's surprise trip to China, which Wedbush analyst Dan Ives described as a "Home run," although they are still down nearly 22% since the start of the year. Musk is also still a lot less rich than he was in 2021, when he was top of the billionaire's index with an estimated fortune of $340 billion. Three years later, he's now behind LVMH boss Bernard Arnault and Amazon founder Jeff Bezos, with a current estimated net worth of $202 billion. Musk has proved adept at spinning bad news into share price bumps in the past, raking in $100 billion last year despite ongoing issues at social media site X, and after a bumpy few weeks, it looks like he's been able to do it again.

April 30, 2024, 10:40 a.m.
Is Climate Action China's Trump Card?
Is Climate Action China's Trump Card?
['China', 'emissions', 'climate', 'target', 'country']

Many cannot imagine China – the world’s biggest emitter of greenhouse gases – taking the lead in setting climate goals. But if former US President Donald Trump returns to the White House, there is a chance that China could fill the gap in global climate leade…

Is Climate Action China's Trump Card?

Many cannot imagine China - the world's biggest emitter of greenhouse gases - taking the lead in setting climate goals. If former US President Donald Trump returns to the White House, there is a chance that China could fill the gap in global climate leadership by announcing bold emissions-reduction targets for 2035. WASHINGTON, DC/HELSINKI - If former US President Donald Trump returns to the White House in 2025, China needs to step up to assume the mantle of global climate leadership - an outcome that many have considered impossible. China has been the world's biggest emitter of greenhouse gases for nearly two decades, currently accounting for 35% of global carbon dioxide emissions. Ahead of the United Nations Climate Change Conference in Dubai, the United States and China reached a headline-grabbing agreement to cooperate on climate change, but it included no binding targets. China faces notable challenges in setting ambitious climate goals, but doing so is in the country's economic and political interests. In 2020, Xi pledged that China would reach peak emissions by 2030 and achieve net-zero emissions by 2060.

April 30, 2024, 10:30 a.m.
Chinese Shopping App Temu Censors Searches For 'Trump' And 'Biden'
Chinese Shopping App Temu Censors Searches For 'Trump' And 'Biden'
['Temu', 'American', 'Chinese', 'search', 'result']

American users also won’t get search results for Xi Jinping, Uyghur, CCP, Palestine and Israel, among many other terms.

Chinese Shopping App Temu Censors Searches For 'Trump' And 'Biden'

Not only does it restrict search terms for politically sensitive topics in China - like Xi Jinping, Dalai Lama, and Chinese Communist Party - it is also censoring search results for American political topics as well. Longtime retail industry experts say that censoring some search terms is typical behavior for a China-based retailer serving purely domestic customers, especially since Temu's sellers are almost entirely based in China. It's not clear why Temu has extended this practice of restricting search terms within the United States, where it had an average of 20 million monthly users in the first quarter of 2024, according to market intelligence firm Sensor Tower, up 134 percent year-over-year. Temu's decision to allow Trump-related products while censoring search results "Suggests a deliberate choice to dissociate the products from politically charged discussions," Xiao Qiang, a research scientist at the UC Berkeley School of Information and an expert on the Chinese internet, told Forbes by email. Temu is a shopping app, not a content app, but regulators are particularly sensitive to how the Chinese government could be censoring or shaping what Americans see online. "The U.S. consumer may have a bit less choice on Temu or a harder time finding these products as a result, but for Temu that would be a minor trade-off compared to the consequences of upsetting Chinese authorities." Temu's censorship of American political search terms suggests how it plans to export its home country's values as it continues to grow.

April 30, 2024, 9:54 a.m.
Earnings call: Philips reports progress amid Respironics recall resolution
Earnings call: Philips reports progress amid Respironics recall resolution
['year', 'Quarter', 'China', 'growth', 'come']

Earnings call: Philips reports progress amid Respironics recall resolution

Earnings call: Philips reports progress amid Respironics recall resolution

As mentioned in our previous earnings call, we anticipate sales growth to be back-end loaded in 2024 due to the tougher comparison base in the first half of the year resulting mainly from the strong China performance in the first half of 2023 and the anticorruption measures ongoing in the first half of this year. So let's first get through this year and then at the end of the year, we will decide on how we will deal with our dividend for next year. Do you still expect margins to be down in the second quarter? And then I guess if the improvement in the back half of the year, particularly pronounced in Q3 versus Q4, just because last year was such an unusual year, if you could help us understand that. So we will make further progress into the range this year, and then progress in the range next year as well. Just one sort of regulation to that, Roy, when you look at the P&L for the last few years, and I suspect even the next couple of years, there's obviously a lot of adjustments and cash charges and things like that. China, bulk of the business is in D&T. So therefore, the impact on D&T is slightly higher than CC. And for the U.S. In terms of sales, I think the main reason there is the comps compared to last year because we went out of the blocks with a huge growth last year in Q1 and that's what makes it difficult in terms of the comps for this year. So you seem to be pretty pleased with the momentum in the U.S. And I think at the beginning of the year, you said that, I mean orders will be strong in the U.S. because like financing conditions would become a bit more easy for the year with interest rate cuts.

April 30, 2024, 9:31 a.m.
Rival Palestinian groups Fatah and Hamas meet in China
Rival Palestinian groups Fatah and Hamas meet in China
['content', 'advertising', 'choices', 'manage', 'device']

Beijing says two sides took part in in-depth and candid dialogue on promoting Palestinian reconciliation.

Rival Palestinian groups Fatah and Hamas meet in China

We and our 825 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 30, 2024, 9:11 a.m.
Elon Musk says he picked Tesla robotaxi's August 8 launch date because it's a lucky number in China
Elon Musk says he picked Tesla robotaxi's August 8 launch date because it's a lucky number in China
['Musk', 'China', 'Tesla', 'Chinese', 'company']

Tesla is set to unveil its robotaxi on August 8. Musk said he picked the date partly because it is a lucky number in China.

Elon Musk says he picked Tesla robotaxi's August 8 launch date because it's a lucky number in China

The date, Elon Musk says, was chosen partly because it is a "Lucky number in China." Musk's interest in China isn't surprising considering its major influence on Tesla's fortunes. Tesla CEO Elon Musk might've been hoping for some much-needed good fortune when he picked the robotaxi's projected August 8 launch date. "I did partly pick it because 8/8 is a lucky number in China!" Musk told X user Michel de Guilhermier on Monday. Musk fathered the triplets - Kai, Saxon, and Damian - with his first wife, Justine Musk. Musk's interest in Chinese culture isn't that surprising if one considers the huge impact China has on Tesla's fortunes. Musk also received a critical lifeline from China over the weekend, when officials gave their in-principle approval for Tesla to roll out its Full Self-Driving technology in the country, Bloomberg reported on Monday citing an individual familiar with the matter.

April 30, 2024, 8:25 a.m.
Musk's visit to China was a much-needed win for both sides — and a snub to India
Musk's visit to China was a much-needed win for both sides — and a snub to India
['China', 'Tesla', 'Musk', 'India', 'year']

Elon Musk's cancelled India trip contrasts with Tesla's growing presence and high-level relationships in China.

Musk's visit to China was a much-needed win for both sides — and a snub to India

Musk notably skipped a recent visit to India, underscoring how important China is for Tesla. Elon Musk's two-day trip to Beijing looks like a mutually beneficial win for Tesla and China - and a snub for India. China's search-engine giant Baidu agreed to grant Tesla access to its mapping license so Tesla could collect data on China's roads, Reuters reported. Musk needs China, but China also needs Musk as a sign that the country is open for business with high-profile US companies. BYD beat Tesla as the best-selling EV maker last year, and Musk said in January that Chinese EVs would "Pretty much demolish" other American carmakers if allowed to enter the US. Tesla's work in China may help the country court foreign investment. "Unfortunately, very heavy Tesla obligations require that the visit to India be delayed, but I do very much look forward to visiting later this year," Musk posted on X. A key Tesla executive who was helping to lead the company's entrance into India left this month, Reuters reported. Musk's India visit would have been a win for Modi, who's seeking to boost India's status as a manufacturing hub, especially as businesses leave China.

April 30, 2024, 8:21 a.m.
Number of US students in China has plunged in wake of COVID curbs
Number of US students in China has plunged in wake of COVID curbs
['China', 'American', 'students', 'study', 'U.S.']

Sam Trizza, an American who's studying at the Hopkins-Nanjing Center's School of Advanced International Studies in China, is frequently asked if he is from Russia.

Number of US students in China has plunged in wake of COVID curbs

The number of Americans studying in China has plummeted, falling to just 700 - down from 15,000 six or seven years ago, U.S. Ambassador to China Nicholas Burns told a seminar at the Brookings Institution in December 2023. "Last year we were down to 350 American students in all of China," he said. Russian Deputy Prime Minister Dmitry Chernyshenko said during a visit to China in December that his country currently has 100 educational programs running in China, and has set up 27 joint-venture educational institutions affiliated with Chinese universities. Russian Prime Minister Mikhail Mishustin said in May 2023 that there were 7,500 Russian students in China at the time of his visit. "In the first decade of the 2000s, a lot of American students felt that there were actually a lot of opportunities in China, not just learning the language," Yang said. "Some people said that a lot of students wanted to learn about China so that they could go do business, and then the business climate became more complicated," Mertha said. "I have colleagues in Hong Kong who ... are nervous about crossing the border and try to avoid doing so," he said, citing a "Tiny number" of cases where foreign students have been detained, harassed or prosecuted by the authorities in recent years, and adding that he doesn't think the risk is high enough to warrant deserting China for Taiwan.

April 30, 2024, 8:20 a.m.
Hong Kong businesses shut shop as city struggles to revive post pandemic
Hong Kong businesses shut shop as city struggles to revive post pandemic
['HONG', 'KONG', 'shop', 'tourist', 'border']

(marketscreener.com) When Jacky Yu, 48, opened his Japanese gift shop in Hong Kong more than a decade ago, the tourist and shopping district of Mong Kok was a bustling hub packed with stalls, street food and tourists. Fast-forward 12 years and parts of the a…

Hong Kong businesses shut shop as city struggles to revive post pandemic

HONG KONG, April 30 - When Jacky Yu, 48, opened his Japanese gift shop in Hong Kong more than a decade ago, the tourist and shopping district of Mong Kok was a bustling hub packed with stalls, street food and tourists. Hong Kong is struggling to recover since the COVID pandemic, which saw many expatiates leave after a three year shutdown, and tourist numbers dwindle to a fraction of pre-pandemic levels. On Tuesday, Hong Kong leader John Lee played down concerns about businesses closing. Hong Kong residents are also deserting local shops and increasingly travelling across the border to the southern Chinese city of Shenzhen for food and entertainment, where they say prices and service are better. "Hong Kong people are heading north to consume, which has become a clear trend. On weekends, many Hong Kong people go to Shenzhen for consumption," said Ting Lu, chief China economist at Nomura based in Hong Kong. "The reason is that in the past five years, prices in Shenzhen, Guangzhou, and even Changsha have hardly changed much. But in Hong Kong ... We have found that the price difference has widened, which has encouraged Hong Kong people to go north for consumption." After Hong Kong reopened its border post-pandemic with China last year, the Tourism Board recorded a 38.9% drop in mainland visitors in 2023, compared with 2019 before the pandemic.

April 30, 2024, 8:15 a.m.
KMT lawmakers' trip to China receives mixed responses in Taiwan
KMT lawmakers' trip to China receives mixed responses in Taiwan
['Taiwan', 'China', 'Chinese', 'visit', 'Cross-strait']

The visit to China by opposition Kuomintang (KMT) lawmakers led by legislative caucus whip Fu Kun-chi (傅崐萁) drew mixed views in Taiwan, with some worrying about Beijing's political machinations and others viewing it as a gesture of goodwill from China.

KMT lawmakers' trip to China receives mixed responses in Taiwan

04/29/2024 10:46 PM. Taipei, April 29 The visit to China by opposition Kuomintang lawmakers led by legislative caucus whip Fu Kun-chi drew mixed views in Taiwan, with some worrying about Beijing's political machinations and others viewing it as a gesture of goodwill from China. Fu, who led 16 other KMT lawmakers to Beijing from April 26 to 28 and met with senior Chinese officials, touted the visit as an "Ice-breaker trip," facilitating the entry of Chinese tourists to Taiwan. The benefits Ker referred to are several measures announced by China during Fu's three-day trip, including the resumption of direct air routes between Taiwan and 30 major Chinese cities and the expansion of access to Taiwanese agricultural and fishery products in the Chinese market. Three years ago, residents from every province in China could visit Taiwan, with residents from 47 cities not required to join group tours, the minister who oversees the tourism industry in Taiwan said. Travel links between Taiwan and China have been largely frozen for the past three years, partly due to the COVID-19 pandemic. China halted independent travel to Taiwan on Aug. 1, 2019, citing the poor state of cross-strait relations. Hsu Kuan-tze, deputy secretary-general of the think tank Taiwan Economic Democracy Union, said that China has employed a strategy of first partially blocking cross-strait trades to sever economic ties, then reopening them through intermediaries who endorse the "1992 consensus."

April 30, 2024, 8:15 a.m.
KMT caucus whip touts tourism wins following China 'ice-breaker trip'
KMT caucus whip touts tourism wins following China 'ice-breaker trip'
['Taiwan', 'China', 'Chinese', 'visit', 'Residents']

Kuomintang (KMT) legislative caucus whip Fu Kun-chi (傅崐萁) on Monday highlighted breakthroughs made following his leading of a KMT delegation to Beijing, describing the visit as an "ice-breaker trip" that facilitated allowing Chinese tourists to visit Taiwan.

KMT caucus whip touts tourism wins following China 'ice-breaker trip'

04/29/2024 05:19 PM. Taipei, April 29 Kuomintang legislative caucus whip Fu Kun-chi on Monday highlighted breakthroughs made following his leading of a KMT delegation to Beijing, describing the visit as an "Ice-breaker trip" that facilitated allowing Chinese tourists to visit Taiwan. At a press conference in the Legislative Yuan, Fu, who led a delegation of 17 KMT lawmakers to Beijing from April 26 to 28 and met with senior Chinese officials, said that China has agreed to resume direct air routes between Taiwan and 30 major Chinese cities. Other measures, such as China permitting tourists from Fujian Province to visit the Taiwan-controlled Matsu Islands and expanding access to Taiwanese agricultural and fishery products in the Chinese market were also mentioned by Fu. On April 28, China's Ministry of Culture and Tourism said residents of Fujian Province would be allowed to participate in group tours to other parts of Taiwan after the resumption of sea transport between the Chinese county Pingtan, located in Fujian province, and Taiwan. Regarding the quota of Chinese tourists allowed to visit Taiwan, Fu said Taiwan aims to limit the number to 2,000 per day, which raises concerns regarding how spots will be allocated when tourists from the 30-plus provinces in China become eligible for entry. When asked about the incident of 12 Chinese military aircraft crossing the median line of the Taiwan Strait on April 27, the second day of Fu's trip to Beijing, the KMT legislative caucus whip failed to specifically respond. In response to China's request for the resumption of transport between Pingtan and Taiwan as a condition for Fujian residents' being permitted to take part in tours to Taiwan, the Mainland Affairs Council said in a press release on Sunday that such arrangements neither adhere to the principle of reciprocal opening nor conform to the norms of tourism. Travel links between Taiwan and China have been largely frozen for the past three years, partly due to the COVID-19 pandemic.

April 30, 2024, 7:53 a.m.
China coastguard blasts water cannon at Philippine coastguard ship
China coastguard blasts water cannon at Philippine coastguard ship
['content', 'advertising', 'choices', 'manage', 'device']

Chinese Coast Guard vessels were seen blasting water cannons at a Philippine Coast Guard ship.

China coastguard blasts water cannon at Philippine coastguard ship

We and our 825 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 30, 2024, 7:20 a.m.
Chinese Lithium Billionaire Jiang Weiping Steps Down After Big Losses
Chinese Lithium Billionaire Jiang Weiping Steps Down After Big Losses
['lithium', 'Jiang', 'company', 'billion', 'Tianqi']

Jiang Weiping, founder of Chinese lithium giant Tianqi Lithium, stepped down as the company’s chairman on Monday to let his daughter take over.

Chinese Lithium Billionaire Jiang Weiping Steps Down After Big Losses

Jiang Weiping, founder of Chinese lithium giant Tianqi Lithium, stepped down as the company's chairman on Monday to let his daughter take over, according to a filing with the Hong Kong Stock Exchange. The younger Jiang is now tasked with turning around the Chengdu-based Tianqi Lithium, which was founded by her father in 2003. Tianqi Lithium has been through several boom-and-bust cycles. Lithium prices have tumbled to about $13,200 per tonne this year from an average of $68,000 in 2022, partly due to slowing demand for electric vehicles in China. In the first three months of 2024, Tianqi Lithium, which is listed in both Hong Kong and Shenzhen, posted a loss of 3.9 billion yuan, compared to a net profit of 4.9 billion yuan from the same period a year earlier. The company cited a "Substantial decline" in the average sales price of its lithium products. Jiang's wealth, which is based on a stake in the company, has tumbled to $3.1 billion from $6.4 billion in 2022, when lithium prices were at record highs, according to Forbes estimates.

April 30, 2024, 7:19 a.m.
Chinese scientist who published first sequence of COVID virus protests after being evicted from lab
Chinese scientist who published first sequence of COVID virus protests after being evicted from lab
['data', 'device', 'partners']

The move shows how the Chinese government continues to pressure and control scientists, seeking to avoid scrutiny of its handling of the coronavirus outbreak.

Chinese scientist who published first sequence of COVID virus protests after being evicted from lab

We and our partners store and/or access information on a device, such as unique IDs in cookies to process personal data. These choices will be signaled to our partners and will not affect browsing data. Actively scan device characteristics for identification. Apply market research to generate audience insights.

April 30, 2024, 6:21 a.m.
Philippines Says China Coast Guard Used Water Cannon On Its Vessels
Philippines Says China Coast Guard Used Water Cannon On Its Vessels
['Philippine', 'Coast', 'Guard', 'vessel', 'China']

The Philippines said the China Coast Guard used water cannon on two of its vessels on Tuesday, causing damage to one of them, during a patrol near a reef off the Southeast Asian country.

Philippines Says China Coast Guard Used Water Cannon On Its Vessels

The Philippines said the China Coast Guard used water cannon on two of its vessels on Tuesday, causing damage to one of them, during a patrol near a reef off the Southeast Asian country. Manila and Beijing have a long history of territorial disputes in the South China Sea, with several collisions involving Philippine and Chinese vessels in recent months, as well as the use of water cannon by the China Coast Guard. "This damage serves as evidence of the forceful water pressure used by the China Coast Guard in their harassment of the Philippine vessels," a statement issued by the Philippine Coast Guard said. China's coast guard said it had "Expelled" two Philippine ships from its waters near Huangyan Island, which is the Chinese name for the shoal. China seized the shoal from the Philippines in 2012 and has since deployed coast guard and other vessels that Manila says harass Philippine ships and prevent its fishermen from accessing the fish-rich lagoon. "During the patrol, the Philippine vessels encountered dangerous maneuvers and obstruction from four China Coast Guard vessels and six Chinese Maritime Militia vessels," the Philippine Coast Guard statement said. China Coast Guard vessels used water cannon against the BFAR and Philippine Coast Guard boat, it said.

April 30, 2024, 6:12 a.m.
Spain's Tourism Protests Are Also About Affordable Housing
Spain's Tourism Protests Are Also About Affordable Housing
['China', 'housing', 'look', 'C919', 'travel']

Today's podcast looks at China's domestic planes, protests in the Canary Islands, and genuine luxury travel. -Rashaad Jorden

Spain's Tourism Protests Are Also About Affordable Housing

Today's podcast looks at China's domestic planes, protests in the Canary Islands, and genuine luxury travel. One of China's largest airlines, China Southern, is buying 100 domestically-built planes - the C919, produced by the state-owned Commercial Aircraft Corporation of China. Just last week, Air China signed a similar agreement with COMAC for 100 C919 jets. Next, TUI CEO Sebastian Ebel believes recent protests in the Canary Islands against mass tourism aren't about the industry itself. Chase-Lubitz notes many Canary Islands residents argue that mass tourism is pricing them out of their homes. Ebel said the unregulated online booking platforms are the reason housing prices have gone up - not tourism as a whole. Ebel blamed individual trips, which include people booking local apartments, for causing more housing to be offered as holiday accommodation.

April 30, 2024, 6 a.m.
Accept Big Pharma's LIES and Big Government's NARRATIVE or face prison time, say insane cry-bully Leftists who claim to fight for "tolerance" and "equal treatment"
Accept Big Pharma's LIES and Big Government's NARRATIVE or face prison time, say insane cry-bully Leftists who claim to fight for "tolerance" and "equal treatment"
['new', 'Right', 'media', 'lie', 'Left']

Though the American “Left” goes off the deep end every day all over social media and national talk shows, the “Right” apparently has no right to call out the lies, misinformation and disinformation that’s being spewed from the Left. It’s a one-way street of f…

Accept Big Pharma's LIES and Big Government's NARRATIVE or face prison time, say insane cry-bully Leftists who claim to fight for "tolerance" and "equal treatment"

Accept Big Pharma's LIES and Big Government's NARRATIVE or face prison time, say insane cry-bully Leftists who claim to fight for "Tolerance" and "Equal treatment". Though the American "Left" goes off the deep end every day all over social media and national talk shows, the "Right" apparently has no right to call out the lies, misinformation and disinformation that's being spewed from the Left. It's a one-way street of fake news, fake genders, atheism, Satanism and straight-up, out-in-the-open censorship. There is NO tolerance when it comes to dismantling the hypocrisy, the lies, the scams, the fake science, political dogma and outright reverse racism that's being spread all over America. When conservatives so much as talk about election interference or stand near the Capital building, they are censored and jailed in a gulag in Washington, D. C. When the vaccine zealots and mask-wearing freaks of the plandemic lie and claim that all the fully unvaccinated folks are the cause of the spread of the Fauci virus, that's perfectly fine to post across all social media and proclaim on every news channel. The Democrat Party is quickly becoming just like the Chinese Communist Party: Accept Big Pharma's lies and Big Government's narrative or face prison time. News to your favorite websites for truth news about abortions, suicide and mental health horror stories that are being censored from mass media while you read this.

April 30, 2024, 6 a.m.
China constructing massive satellite network that can target anything anywhere on Earth
China constructing massive satellite network that can target anything anywhere on Earth
['space', 'China', 'target', 'satellite', 'capability']

American space chiefs recently warned that China has tripled the number of intelligence, surveillance and reconnaissance satellites it has in orbit, creating a space “army” that can destroy ground targets anywhere on Earth. With the capability to blow up targ…

China constructing massive satellite network that can target anything anywhere on Earth

China constructing massive satellite network that can target anything anywhere on Earth. American space chiefs recently warned that China has tripled the number of intelligence, surveillance and reconnaissance satellites it has in orbit, creating a space "Army" that can destroy ground targets anywhere on Earth. Galen Thorp, commander of 1st Space Operations Squadron, said: "Their use of space extends their ability to target at longer distances. It is twofold. Their space-enabled capabilities could be used to target Taiwan directly." Gen. Stephen Whiting, commander of U.S. Space Command, said China has built a "Kill web" over the Pacific Ocean, with the aim of tracking and targeting enemy forces. "Frankly, China is moving at a breathtaking speed. Since 2018, China has more than tripled their on-orbit intelligence, surveillance and reconnaissance satellites," Whiting warned during the 39th Space Symposium. Space Force to launch network of SPY SATELLITES to counter growing Chinese and Russian space capabilities. Space arms race heats up as Russia admits to destroying a satellite with a space missile.

April 30, 2024, 5:45 a.m.
BBC onboard Philippine ship hit by Chinese water cannons
BBC onboard Philippine ship hit by Chinese water cannons
['water', 'China', 'Philippine', 'Chinese', 'ship']

The BBC’s Jonathan Head witnessed the confrontation in the disputed South China Sea.

BBC onboard Philippine ship hit by Chinese water cannons

The BBC's South East Asia correspondent Jonathan Head was on a Philippines coastguard ship in disputed waters in the South China Sea as it was targeted by Chinese vessels. Our reporter describes China blasting water cannon across the bow, and being tailed by at least three separate Chinese ships. Nobody on board was injured, but such aggressive confrontations have become more common in these disputed waters over the past year. Both China and the Philippines lay claim to the waters near Scarborough Shoal. The Philippine mission turned back initially, but was later able to deliver supplies to Filipino fishermen. The Philippine government, under President Marcos Jr. has increased patrols to challenge China's domination in these waters. The Chinese Coast Guard has since said it took necessary measures after the ship "Intruded".