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May 16, 2024, 3:36 a.m.
Putin Arrives at Great Hall of People in Beijing for Talks With China's Xi
Putin Arrives at Great Hall of People in Beijing for Talks With China's Xi
['Russian', 'People', 'Great', 'Hall', 'Beijing']

BEIJING (Sputnik) - Russian President Vladimir Putin has arrived at the Great Hall of the People in Beijing for talks with his Chinese counterpart, Xi Jinping, a Sputnik correspondent reported on Thursday.

Putin Arrives at Great Hall of People in Beijing for Talks With China's Xi

Russian President Vladimir Putin has arrived at the Great Hall of the People in Beijing for talks with his Chinese counterpart, Xi Jinping, a Sputnik correspondent reported on Thursday. The Russian president arrived in China for a two-day state visit and will travel to Beijing and Harbin. Putin will hold restricted attendance talks with Xi in China's capital on Thursday, which will be later followed by an enlarged meeting with the participation of delegations of the two countries. Elementary school students in Beijing greeted President Vladimir Putin with flowers and Russian and Chinese flags as he arrived at the Great Hall of the People. They were elementary school students from Beijing's Shi-jia School and Russian children from the Russian Embassy School in China. The Great Hall of the People is located on the west side of Tiananmen Square. Russian president vladimir putin, xi jinping, great hall of people.

May 16, 2024, 3:29 a.m.
'Civil War' Secures China Theatrical Release; First For An A24 Production
'Civil War' Secures China Theatrical Release; First For An A24 Production
['including', 'film', 'War', 'set', 'June']

Alex Garland’s Civil War has been set for a June 7 theatrical release date in China. This marks the first time an A24 production will officially hit cinemas there. The dystopian thriller was acquired by Huahua Media in the market with Alibaba set to partner o…

'Civil War' Secures China Theatrical Release; First For An A24 Production

Alex Garland's Civil War has been set for a June 7 theatrical release date in China. This marks the first time an A24 production will officially hit cinemas there. The dystopian thriller was acquired by Huahua Media in the market with Alibaba set to partner on the local release. After world premiering at SXSW, Civil War opened in North America in April, scoring an A24 best launch of $25.7M and going on to cross $100M global within its first month. Throughout its overseas run, it has opened to No. 1 in several key markets including Brazil, France and Spain. Chinese audiences have grown increasingly fickle on U.S. films as tastes turn more towards local fare. Some recent tentpole titles have broken through including Godzilla x Kong: The New Empire.

May 16, 2024, 3:18 a.m.
Xi meets Russia's Putin on a state visit to China that's a show of unity between the allies
Xi meets Russia's Putin on a state visit to China that's a show of unity between the allies
['visit', 'countries', 'Putin', 'face', 'both']

China’s leader Xi Jinping welcomed Russia’s President Vladimir Putin on Thursday as he began a two-day state visit while Moscow presses forward with a new offensive in Ukraine.

Xi meets Russia's Putin on a state visit to China that's a show of unity between the allies

BEIJING - Russian President Vladimir Putin thanked Chinese leader Xi Jinping for his effort to resolve the Ukraine conflict at a Beijing summit Thursday, where the two leaders reaffirmed a "No-limits" partnership that has grown deeper as both countries face deepening tensions with the west. Putin's two-day state visit to one of his strongest allies comes as his country's forces are pressing an offensive in northeastern Ukraine's Kharkiv region in the most significant border incursion since the full-scale invasion began. The largely symbolic visit stressed partnership between two countries who both face challenges in their relationship with the U.S. and Europe. Get 6 Months of Unlimited Access for $1. What to know about Vladimir Putin's visit to China.

May 16, 2024, 2:17 a.m.
'Old friend' Putin arrives in China for state visit, summit with Xi Jinping
'Old friend' Putin arrives in China for state visit, summit with Xi Jinping
['content', 'advertising', 'choices', 'manage', 'device']

Latest visit comes as Russia presses a new offensive on Ukraine's northeastern Kharkiv region.

'Old friend' Putin arrives in China for state visit, summit with Xi Jinping

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May 16, 2024, 2:03 a.m.
What Will Be The Repercussions Of Biden's New China Tariffs?
What Will Be The Repercussions Of Biden's New China Tariffs?
['tariff', 'China', 'Chinese', 'Beijing', 'EV']

US President Joe Biden unveiled steep tariff hikes on Chinese green tech this week, hitting imports like electric vehicles, chips and solar cells -- and adding stress to US-China ties.

What Will Be The Repercussions Of Biden's New China Tariffs?

There were already levies on Chinese EVs, causing automakers to avoid the US market - though the new increase takes the tariff level from 25 percent to 100 percent. Tianlei Huang, research fellow at the Peterson Institute for International Economics, believes tariffs could hurt some Chinese companies' sales and profitability. China does not import American EVs while "Beijing and Shanghai have been very supportive of the one major US EV player, Tesla, in the China market," said Paul Triolo, partner for China at Albright Stonebridge Group. Biden's move "May accelerate pressure on the EU to adopt a similarly strong posture in its own China tariff review, which is forthcoming," said CSIS senior fellow Emily Benson. For now, the leaders of Germany and Sweden have expressed reservations about new European tariffs on Chinese EVs. If multiple major developed economies are on board with a tariff approach, China will likely be concerned from both an economic and propaganda standpoint, Bishop told AFP. US tariffs may also "Force Brussels' hand" as it could divert trade to Europe, said Atlantic Council senior fellow Joseph Webster in an analysis. Analysts said the latest tariffs probably didn't come as a surprise to China, given the signals from US officials ahead of the announcement.

May 16, 2024, 1:22 a.m.
America's 100% tariffs on Chinese EVs: bad policy, worse leadership
America's 100% tariffs on Chinese EVs: bad policy, worse leadership
['content', 'service', 'information', 'device', 'based']

The global trade system is disintegrating as you read this

America's 100% tariffs on Chinese EVs: bad policy, worse leadership

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May 16, 2024, 1:03 a.m.
Who benefits from US tariffs on Chinese imports? Experts weigh in
Who benefits from US tariffs on Chinese imports? Experts weigh in
['content', 'advertising', 'choices', 'manage', 'device']

While tariffs are expected to have a negligible impact on the US economy, they are expected to boost President Biden.

Who benefits from US tariffs on Chinese imports? Experts weigh in

We and our 830 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.

May 15, 2024, 11:22 p.m.
China presses Pakistan to address security concerns of workers, projects
China presses Pakistan to address security concerns of workers, projects
['Pakistan', 'Afghanistan', 'Chinese', 'terrorist', 'Afghan']

islamabad — China on Wednesday hailed its "ironclad" relationship with Pakistan and vowed to further enhance economic and anti-terrorism security cooperation between the neighboring countries at a bilaterial strategic dialogue in Beijing. Chinese Foreign Mi…

China presses Pakistan to address security concerns of workers, projects

China on Wednesday hailed its "Ironclad" relationship with Pakistan and vowed to further enhance economic and anti-terrorism security cooperation between the neighboring countries at a bilaterial strategic dialogue in Beijing. Broadcast live by Pakistan's state-run TV, the media talk comes just weeks after a suicide car bombing in northwestern Pakistan killed five Chinese engineers who were working on a hydropower project. Chinese state media quoted him as expressing hope that Islamabad would ensure "The safety of Chinese personnel, projects, and institutions in Pakistan, and eliminate the worries of Chinese enterprises and personnel." Afghanistan's ruling Taliban leaders reject allegations that Afghan soil was used in the attack against the Chinese workers. Dar insisted the decade-long CPEC undertaking "Has transformed Pakistan's economic landscape by eliminating power outages and developing a robust infrastructure network, thus laying a strong foundation for Pakistan's future development." In a recent speech in Islamabad, Chinese Ambassador Jiang Zaidong referred to CPEC as a pilot project of BRI and said it had brought more than $25 billion in direct investment, created 155,000 direct job opportunities, and built 510 kilometers of expressways, 8,000 megawatts of electricity, and 886 kilometers of core transmission grids to Pakistan. Some critics attribute cash-strapped Pakistan's deepening economic challenges to CPEC-related Chinese investments and loans.

May 15, 2024, 11:16 p.m.
China deploys dozens of ships to block Philippine protest flotilla
China deploys dozens of ships to block Philippine protest flotilla
['data', 'device', 'partners']

China has sent dozens of coast guard and maritime militia vessels toward a disputed atoll in the South China Sea, a large show of force aimed at blocking a civilian protest flotilla from the Philippines, as tensions between the countries have flared.

China deploys dozens of ships to block Philippine protest flotilla

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.

May 15, 2024, 11 p.m.
Three-time divorcee Wang goes on a date
Three-time divorcee Wang goes on a date
['content', 'service', 'information', 'device', 'based']

CHINA rock star Wang Feng (pic) was ridiculed online after he was spotted going on a date with a younger woman just months after his divorce with actress Zhang Ziyi, reported China Press. Read full story

Three-time divorcee Wang goes on a date

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May 15, 2024, 11 p.m.
Religion and Foreign Policy Webinar: India's 2024 General Elections
Religion and Foreign Policy Webinar: India's 2024 General Elections
['know', 'think', 'India', 'right', 'BJP']

Lisa Curtis, senior fellow and director of the Indo-Pacific Security Program at Center for a New American Security, and Milan Vaishnav, senior fellow and director of the South Asia Program at the Carnegie Endowment for International Peace, discuss the geopoli…

Religion and Foreign Policy Webinar: India's 2024 General Elections

How do you see the evolution of Indian foreign policy under Mr. Modi, U.S.-India ties? I know you've been a key player in the U.S.-India relationship. Some people refer to India as a swing state because, of course, it has a very good relationship with the United States, which would like to preserve the current global order, but India also has a good relationship with Russia who is working with China, you know, in more and more ways to try to undermine U.S. influence and the current global order. You know, the role that India plays is going to be critical in, you know, how we see the evolving global order take shape. India being involved in some of these organizations that perhaps China has goals, you know, to use it to further its own influence, well, certainly India does not want that to happen. It is-it is-it is casting India as a civilizational state which is basically to say that, you know, India really is-today, is inspired by a much older lineage before nation-states were formed, harkening back to a kind of lost Hindu golden age that predates kind of modern forms of political order, right? So the current nationalist project in India isn't really preoccupied with building something new, as much as it is recovering something that it feels was unfairly erased through centuries of foreign rule. You know, having followed U.S.-India relations for the past thirty years, being familiar with the development of the Indian constitution after India gained independence, and you know, everything Milan just talked about, about India being a secular democracy, I think that is what has made India a great nation, is being a secular democracy. So you know, I just wanted to be clear about some of the concerns that I personally feel, having been a longtime India watcher, and seeing the direction that, you know, the country is moving in, with this, you know, Hindu nationalist identity.

May 15, 2024, 10:59 p.m.
Zhang Zhan, Citizen Journalist Who Reported on COVID Outbreak, Missing After Scheduled Release From Prison
Zhang Zhan, Citizen Journalist Who Reported on COVID Outbreak, Missing After Scheduled Release From Prison
['Zhang', 'report', 'China', 'prison', 'lawyer']

There are mounting concerns over the well-being and whereabouts of Zhang Zhan, the former lawyer-turned-citizen-journalist whose reporting from Wuhan in early 2020 was essential to lifting the lid on the emerging COVID pandemic. After being arrested in May of…

Zhang Zhan, Citizen Journalist Who Reported on COVID Outbreak, Missing After Scheduled Release From Prison

There are mounting concerns over the well-being and whereabouts of Zhang Zhan, the former lawyer-turned-citizen-journalist whose reporting from Wuhan in early 2020 was essential to lifting the lid on the emerging COVID pandemic. After being arrested in May of 2020, Zhang served four years in prison on charges of "Picking quarrels and provoking trouble." She was scheduled to be released from prison on Monday, but there has been no news of her release, health status, or current whereabouts, sparking fears that she has been subjected to what legal scholar Jerome Cohen calls "Non-release release." Aleksandra Bielakowska, an advocacy officer for Reporters Without Borders in Taiwan, said Zhang's family had had limited contact with activists in recent weeks and that the organisation had received "No information" about Zhang since Monday. Ren Quanniu, a former lawyer who previously represented Zhang, said he could not reach her father and expressed concern that Zhang would be released only to be put under another form of control by police. Monday was the last day of her four-year sentence, confirmed Ren and Jane Wang, another overseas activist who launched the Free Zhang Zhan campaign in the U.K. [] Zhang's family has faced police pressure during her stay in prison, and her parents have declined interview requests from media. The lawyer who represented Ms. Zhang during her trial, Zhang Keke, said he could not reach her mother all day. Along with Zhang Zhan, a number of others who reported on COVID from Wuhan were also detained, arrested, and/or imprisoned.

May 15, 2024, 10:54 p.m.
The 'dual-use' Chinese goods helping Russia's war machine
The 'dual-use' Chinese goods helping Russia's war machine
['Russia', 'China', 'goods', 'imports', 'supply']

As President Putin holds talks with President Xi in Beijing on Thursday, the trading relationship between their two countries will feature prominently.

The 'dual-use' Chinese goods helping Russia's war machine

China does not supply weapons to Russia, but it does send huge quantities of other goods, which Russia uses to fuel its war with Ukraine. Such items are considered "Dual-use", because they can also be imported for civilian purposes, often meaning sanctions are less effective in blocking their passage to Russia. In the early part of 2023, Russia was preparing for a Ukrainian counteroffensive. Something else happened in March 2023 also - President Xi paid a state visit to Russia. As the war has drawn on and some of the most high-tech equipment has been lost on the battlefield, Russia has come to rely significantly on lower-grade equipment, more likely to come from dual-use suppliers. The movement of these kinds of goods is harder to restrict, which explains why goods from EU nations like France and Germany still find their way through to Russia. Closer ties with Russia have huge benefits for China too: in 2023, Russia overtook Saudi Arabia to become China's top supplier of crude oil.

May 15, 2024, 10:35 p.m.
Putin in China seeking support for Ukraine war effort
Putin in China seeking support for Ukraine war effort
['Putin', 'China', 'Russia', 'Beijing', 'Ukraine']

Russian President Vladimir Putin arrived in Beijing Wednesday for two days of meetings with his Chinese counterpart Xi Jinping. Putin's second trip to China in six months will focus on military and financial assistance.

Putin in China seeking support for Ukraine war effort

Putin thanks Xi for China's initiatives on Ukraine - DW - 05/16/2024 Skip to content Skip to main menu Skip to more DW sites. Russian President Vladimir Putin on Thursday told his Chinese counterpart, Xi Jinping, that Russia was advancing "On all fronts" in Ukraine. Still, Putin said he was "Grateful" to China for trying to find a solution to the war in Ukraine. "We are grateful to our Chinese friends and colleagues for the initiatives they are putting forward to resolve this problem," Putin said, speaking along side Xi. The EU and the US had recently called on Xi to use his influence to pressure Putin to end the war in Ukraine. "Relations between Russia and China are not opportunistic and not directed against anyone," Putin said, adding: "Our cooperation in international matters is one of the stabilizing factors in the international arena." Xi then told Putin that "China-Russia relations [are] not only in the fundamental interests of the two countries... but also conducive to peace," according to a readout from Beijing's Foreign Ministry. Prior to the trip, the Kremlin said Putin and Xi would "Define key areas of development in Russian-Chinese cooperation, and exchange views on international and regional issues" during discussions on the "Comprehensive partnership and strategic cooperation" between their nations.

May 15, 2024, 9:23 p.m.
Mock-Up Patriot System Sparks China-Ukraine Conspiracy Theories
Mock-Up Patriot System Sparks China-Ukraine Conspiracy Theories
['launcher', 'system', 'China', 'image', 'Patriot']

An image of an apparent Patriot missile launcher being hauled on a truck in Asia has stirred up unsupported claims.

Mock-Up Patriot System Sparks China-Ukraine Conspiracy Theories

An image has emerged on social media that some widely followed Twitter accounts claim to be a U.S.-made Patriot air defense missile launcher that Ukraine sold to China. The picture depicts what some have claimed is a Patriot launcher on the back of a flatbed truck being moved in China. This image likely shows a Patriot system mock-up, one expert tells us. "The umbilical cables coming from the back end of the launchers clearly show it's either a training launcher or a decoy. Plus, it is so green. Ukrainian launchers, like other nations, get dirty as you maneuver them on hardball roads and/or dirt roads." The U.S. Army, he added, has "Dummy" Patriot Transporter Erector Launcher systems it uses to train troops on how to load the launchers and drive the TEL. So far, the Oryx open-source tracking group has no record of the Russians having captured any part of a Patriot system. At the time, images and video emerged on social media of remarkably accurate dummies used by Ukraine to replicate the German-supplied IRIS-T SLM surface-to-air missile system and the U.S.-made AN/MPQ-64 Sentinel radar system. Still, China would have a locally-made dummy launcher like this.

May 15, 2024, 9:16 p.m.
The US and Pacific ally Japan are teaming up to defeat new hypersonic missiles that right now are basically unstoppable
The US and Pacific ally Japan are teaming up to defeat new hypersonic missiles that right now are basically unstoppable
['missile', 'defense', 'hypersonic', 'Japan', 'GPI']

The co-development comes as the allies face a growing Chinese missile threat and challenges from other potential adversaries.

The US and Pacific ally Japan are teaming up to defeat new hypersonic missiles that right now are basically unstoppable

The US and Japan have agreed to work together to develop a defense system to defeat hypersonic missiles, according to the US Department of Defense. Hypersonic missiles are a daunting challenge and nearly impossible for current missile-defense systems to stop because they can fly low and maneuver along unpredictable flight paths, making the new project the US and Japan are working on significant as the two allies face emerging Russian and Chinese missile threats. On Wednesday, the US and Japan "Finalized a formal agreement for a Glide Phase Interceptor Cooperative Development Project Arrangement," which aims to develop a missile defense system that can effectively intercept hypersonic weapons in the glide phase of their flight. Though US weaponry has defeated adjacent threats like Russia's Kinzhal air-launched ballistic missile, current missile defenses would likely struggle against actual hypersonic weapons like China's DF-17 equipped with a hypersonic glide vehicle or Russia's Zircon scramjet-powered hypersonic cruise missile. Cooperation on the GPI comes as the US and Japan face an expanding Chinese missile force capable of targeting US bases in Japan, as well as other positions in the Pacific region, and increasing cooperation between Moscow and Beijing that has American intelligence re-evaluating its defenses. Current and former US military leaders have expressed concerns about China's missiles, and US lawmakers and experts have said that the US lacks sufficient active and passive defenses to defend against a bombardment that could include hypersonic weapons. The GPI project is not the first time the US and Japan have worked together on missile defenses.

May 15, 2024, 8:48 p.m.
DC just got serious about taking on China in the AI arms race
DC just got serious about taking on China in the AI arms race
['lead', 'China', 'group', 'spend', 'billion']

US Senators, with China in their sights, proposed spending over $30 billion on developing artificial intelligence in the coming years.

DC just got serious about taking on China in the AI arms race

Senate Majority Leader Chuck Schumer and three other senators who assembled an AI Working Group released their initial report on Wednesday. They also said it would help the United States compete with China in the AI arms race. GOP Sen. Mike Rounds, a working group member, said at the press conference that the Chinese government is now spending far more on AI than the US government. According to China Daily, China's investment in AI is expected to surpass $38 billion by 2027. China also significantly outpaces the United States in AI patents, according to the Stanford Institute for Human-Centered Artificial Intelligence. President Joe Biden has also pushed the United States to lead the development of the revolutionary technology. In April, the US Department of Homeland Security also established a federal advisory board of tech industry leaders, including OpenAI's Sam Altman, Nvidia's Jensen Huang, and Microsoft's Satya Nadella, to oversee AI deployment in infrastructure.

May 15, 2024, 8:46 p.m.
COVID origins: HHS suspends EcoHealth Alliance grants after finding taxpayer funds used in risky research
COVID origins: HHS suspends EcoHealth Alliance grants after finding taxpayer funds used in risky research
['EcoHealth', 'research', 'Wuhan', 'Alliance', 'taxpayer']

HHS implemented a suspension on all funds allocated to EcoHealth Alliance, which used taxpayer funds to conduct gain of function research at the Wuhan lab before the COVID-19 pandemic.

COVID origins: HHS suspends EcoHealth Alliance grants after finding taxpayer funds used in risky research

The Department of Health and Human Services implemented an immediate, government-wide suspension on all funds allocated to EcoHealth Alliance - a firm that used taxpayer funds to conduct gain of function research at the Wuhan lab before the COVID-19 pandemic began. A spokesperson for EcoHealth Alliance told Fox News Digital that it is "Disappointed by HHS' decision today and we will be contesting the proposed debarment." "We disagree strongly with the decision and will present evidence to refute each of these allegations and to show that NIH's continued support of EcoHealth Alliance is in the public interest," the spokesperson told Fox News Digital. Fox News Digital previously reported that EcoHealth Alliance received millions of dollars in grants from the National Institutes of Health. U.S. taxpayer funds flowed to Chinese entities conducting coronavirus research through EcoHealth Alliance. US TAXPAYER FUNDS FLOWED TO CHINESE ENTITIES THAT CONDUCTED CORONAVIRUS RESEARCH BEFORE COVID PANDEMIC: GAO. EcoHealth Alliance also received more than $200,000 that was redirected to Wuhan University and went toward disease surveillance research activities, including collection of biological samples from people in China with high levels of exposure to bats for Wuhan Institute of Virology to conduct further screening. ECOHEALTH ALLIANCE PRESIDENT TESTIFIES ON COVID ORIGINS, WUHAN LAB TAXPAYER-FUNDED RESEARCH. The U.S. Energy Department and the FBI have determined that COVID-19 likely emerged from a lab leak in China.

May 15, 2024, 8:38 p.m.
Even With New EV Tariffs, Biden's Climate Agenda Benefits China
Even With New EV Tariffs, Biden's Climate Agenda Benefits China
['tariffs', 'Biden', 'President']

President Joe Biden announced Tuesday that he will raise tariffs on Chinese-made electric vehicles. But make no mistake—even with the new tariffs, his administration's green agenda benefits China immensely. To date, President Biden's plan to build "America's …

Even With New EV Tariffs, Biden's Climate Agenda Benefits China

President Joe Biden announced Tuesday that he will raise tariffs on Chinese-made electric vehicles. Make no mistake-even with the new tariffs, his administration's green agenda benefits China immensely. To date, President Biden's plan to build "America's clean energy future" has resulted in expensive gas, problematic regulations, and arbitrary environmental standards, all.

May 15, 2024, 8:31 p.m.
HHS halts grants for nonprofit EcoHealth that funded gain-of-function research in Wuhan
HHS halts grants for nonprofit EcoHealth that funded gain-of-function research in Wuhan
['EcoHealth', 'grant', 'research', 'pandemic', 'Wuhan']

The Department of Health and Human Services suspended all federal grants Tuesday to the controversial Manhattan nonprofit EcoHealth Alliance, which funded gain-of-function virus research in Wuhan, China in advance of the COVID-19 pandemic. HHS deputy assistan…

HHS halts grants for nonprofit EcoHealth that funded gain-of-function research in Wuhan

The Department of Health and Human Services suspended all federal grants Tuesday to the controversial Manhattan nonprofit EcoHealth Alliance, which funded gain-of-function virus research in Wuhan, China in advance of the COVID-19 pandemic. In an accompanying memo, Brisbon said that EcoHealth had been "More than two years late" with one of its reviews of a grant proposal for its Wuhan project, which had for a time operated around a government-wide moratorium on the practice. The National Institutes of Health, which permitted the grant, gave EcoHealth several opportunities to disprove that its experiments constituted gain-of-function research - but the group "Failed to do so," according to Brisbon. Alarmingly, Brisbon revealed that NIH has yet to receive several materials from EcoHealth about its novel bat coronavirus research at the now-notorious Wuhan Institute of Virology or from the Chinese lab itself. "Nevertheless, EcoHealth Alliance was awarded more than $50 million in new US-government funding since the start of the pandemic with most of that funding earmarked for the same kinds of reckless virus discovery and virus enhancement research that likely caused pandemic." The project had modified novel bat coronaviruses and made them 10,000 times more infectious for research on lab mice - but EcoHealth "Failed to report" that to NIH. Tabak stressed that the bat coronaviruses studied on the taxpayers' dime in Wuhan could not have caused the COVID-19 pandemic because the "Sequences of the viruses are genetically very distant." "Only two weeks after the Select Subcommittee released an extensive report detailing EcoHealth's wrongdoing and recommending the formal debarment of EcoHealth and its president, HHS has begun efforts to cut off all US funding to this corrupt organization," Wenstrup added.

May 15, 2024, 7:58 p.m.
K-Swiss Has a New Owner: Inside the Brand's Comeback Plans
K-Swiss Has a New Owner: Inside the Brand's Comeback Plans
['K-Swiss', 'new', 'shoe', 'brand', 'Xtep']

Xtep, the Chinese company that bought K-Swiss five years ago, sold the brand recently to its principal shareholder to concentrate on its Merrell and Saucony brands.

K-Swiss Has a New Owner: Inside the Brand's Comeback Plans

K-Swiss, the nearly 60-year-old brand, has a new executive team, new shoe designs, a new owner - and, by the end of the year, a new headquarters in Glendale, California. It brought back long-time former K-Swiss executive Barney Waters to become the company's international brand president. The K-Swiss brand president kicked off the shoe presentation at Milk Studios in Los Angeles by saying the new shoe designs will be like waking a sleeping giant. K-Swiss was started in 1966 by Art and Ernie Brunner, two Swiss brothers who came to California and launched K-Swiss with one shoe silhouette - an all-leather tennis shoes whose design was taken from a ski boot that provided more lateral movement for better court play. In 2022, K-Swiss established a multi-year partnership with the McLaren Racing team that has K-Swiss supplying McLaren Race team mechanics, engineers, and other personnel with performance shoes. Rudy Manival, K-Swiss's relatively new director of products, said when he interviewed for the job, he described the K-Swiss collection as "Looking tired." K-Swiss is changing that image by introducing products with new forms, new materials and softer leather for comfort. The K-Frame is one of the new innovations being added to the K-Swiss line-up.

May 15, 2024, 7:58 p.m.
Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them
Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them
['car', 'Chinese-made', 'Polestar', 'brand', 'US']

Chinese-made cars from domestic brands have been on sale in the US for nearly a decade. Only a tiny percentage are electric.

Americans have been driving these Chinese-built cars for years — and Biden's tariffs likely won't impact them

Chinese car brands are missing from the US market, but Chinese-made cars are still sold in the US. Americans bought 104,000 Chinese-made cars in 2023 and nearly 28,000 in the first quarter of 2024. Buick, Lincoln, Polestar, and Volvo all sell cars in the US that are made in China. Of the more than 15 million cars sold in the US last year, none wore the badge of a Chinese car brand. With the government's existing 27.5% tariffs on Chinese-made cars and Tuesday's new 100% tariffs on Chinese-made EVs imported to the US, the situation isn't likely to change anytime soon. Volvo's S60L sedan was one of the first Chinese-made cars to be sold in the US starting in 2016, followed by Buick's Envision SUV and Cadillac's CT6 hybrid. Americans bought another 28,000 Chinese-made cars during the first quarter of 2024. Here's a closer look at the Chinese-made cars on sale in the US..

May 15, 2024, 7:41 p.m.
Criticizing China for "Dumping" Cheap E.V.s Is a Bit Rich
Criticizing China for "Dumping" Cheap E.V.s Is a Bit Rich
['oil', 'U.S.', 'price', 'crude', 'produce']

On Tuesday, the Biden administration announced that it’ll be raising tariffs on imports from China. Fees on electric vehicles will rise from 25 percent to 100 percent, and several other goods—solar cells, steel and aluminum products, semiconductors, even face…

Criticizing China for "Dumping" Cheap E.V.s Is a Bit Rich

In the meantime it's worth exploring one area in which the U.S. could rightly be accused of dumping its own government-encouraged overcapacity onto the rest of the world: oil. After the Organization of Petroleum Exporting States opted to maintain rather than cut production among its members so as to not lose too much market share to the U.S., in 2014, a further plunge in crude oil prices devastated smaller drillers, and the industry as a whole faced a problem. Much of America's refinery capacity specialized in processing medium-to-heavy oil, and companies had made little effort to build out facilities to refine the lighter oil now abundant as a result of the shale boom. "We have artificially limited the markets where Oklahoma oil producers and American oil producers can sell their product," Cody Bannister, a spokesman for the Oklahoma Independent Petroleum Association, complained in 2015. The U.S. has now become a net exporter of crude oil and continues to break production records, incentivized, as the Government Accountability Office has found, by its relatively new, state-sanctioned access to markets abroad and drillers' ability to charge higher prices relative to foreign oil. So the U.S. government then explicitly empowered oil producers to go out and find more customers abroad. Did U.S. policy help lead to an "Overcapacity" of crude oil? Yes. Did U.S. policy also encourage drillers to go and "Dump" that oil abroad, suppressing prices for key goods in foreign markets and alarming foreign competitors? Also yes.

May 15, 2024, 7:34 p.m.
Idaho Joins Coalition Against Biden Plan to Boost Authority of World Health Organization
Idaho Joins Coalition Against Biden Plan to Boost Authority of World Health Organization
['public', 'Health', 'Attorney', 'General', 'state']

BOISE - Idaho Attorney General Raúl Labrador has joined Montana Attorney General Austin Knudsen and a coalition of 20 other state attorneys general in a joint letter to President Joe

Idaho Joins Coalition Against Biden Plan to Boost Authority of World Health Organization

BOISE - Idaho Attorney General Raúl Labrador has joined Montana Attorney General Austin Knudsen and a coalition of 20 other state attorneys general in a joint letter to President Joe Biden in opposition to World Health Organization agreements that would give the organization "Unprecedented and unconstitutional powers over the people of the United States." The letter raises concerns with proposals that could amend the WHO's existing International Health Regulations and institute a "Pandemic Agreement." The attorneys general say the agreement would give the organization authority over United States public health policy, "Even after failing to hold the Chinese Communist Party accountable for its lies during the COVID-19 pandemic," says a statement from Labrador's office. If the agreements are approved, the attorneys general say the WHO would transform from an advisory, charitable organization to the world's governor of public health. The agreements would give the WHO's Director-General the power to unilaterally declare a "Public health emergency of international concern" in one or more member nations. The letter states, "Ultimately, the goal of these instruments isn't to protect public health. It's to cede authority to the WHO - specifically its Director-General-to restrict our citizens' rights to freedom of speech, privacy, movement and informed consent." "The COVID-19 pandemic exposed fundamental flaws with the WHO and other public health institutions," the attorneys general warned. The attorneys general say the federal government does not have the authority to delegate public health decisions to an international body like the WHO. "Even if the federal government had the authority, it would need approval by the U.S. Senate. These proposed agreements would also lay the groundwork for a global surveillance infrastructure under the guise of protecting public health, but with the inherent opportunity for control, similar to the"social credit system" used in Communist China," says a statement from Labrador's offce.

May 15, 2024, 6:50 p.m.
Researchers report new fern species from Yunnan, China
Researchers report new fern species from Yunnan, China
['content', 'service', 'information', 'device', 'based']

The genus Angiopteris Hoffmann, which belongs to the Eusporangiate ferns within the Marattiales Link and Marattiaceae Kaulf., is a crucial clade in the origin and evolution of ferns, offering significant ornamental, medicinal, edible, and scientific research …

Researchers report new fern species from Yunnan, China

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.

May 15, 2024, 6:45 p.m.
HHS Strips EcoHealth Alliance Of Federal Funds Over Reckless Coronavirus Research
HHS Strips EcoHealth Alliance Of Federal Funds Over Reckless Coronavirus Research
['EcoHealth', 'report', 'funds', 'debarment', 'Daszak']

The federal gov't suspended federal funding for EcoHealth Alliance over its reckless handling of coronavirus research in Wuhan, China.

HHS Strips EcoHealth Alliance Of Federal Funds Over Reckless Coronavirus Research

On Tuesday, the Department of Health and Human Services formally suspended federal funding for EcoHealth Alliance and recommended it face debarment for its lack of transparency and reckless handling of coronavirus-related research in Wuhan, China. With U.S. taxpayer dollars five years ago and earlier, EcoHealth Alliance funded Chinese research into worsening viruses linked to the Covid-19 outbreak, according to federal reports and independent reporting. In a letter released Wednesday, Henrietta Brisbon, HHS's suspension and debarment official, informed EcoHealth President Peter Daszak that the federal government is suspending funds to EcoHealth and proposing the organization be debarred "From participating in United States Federal Government procurement and nonprocurement programs." The suspension and debarment recommendation took effect on Tuesday. In its referral, HHS cited "Adequate evidence" documenting what the agency contended "Provides cause" for EcoHealth's funding suspension and potential debarment. As laid out in the analysis, federal grant recipients such as EcoHealth must submit progress reports to their funding agency. According to the GOP report and now HHS, EcoHealth submitted its year five progress report to NIH on Aug. 3, 2021 - nearly two years after the required Sept. 30, 2019, deadline. While testifying before Congress earlier this month, Daszak claimed that EcoHealth attempted to submit the required report but was unable to do so because it got "Locked out" of the NIH system.

May 15, 2024, 4:51 p.m.
China navy secretly built what could be world's first drone aircraft carrier: report
China navy secretly built what could be world's first drone aircraft carrier: report
['drone', 'carrier', 'ship', 'deck', 'flight']

Satellite imagery suggests that China has built an aircraft carrier specifically for drones. Its small size is a clue to its purpose.

China navy secretly built what could be world's first drone aircraft carrier: report

China's navy has secretly built what could be the world's first dedicated drone carrier ship, according to Naval News, a squat ship that looks like a mini-aircraft carrier. "We are confident that this ship is the world's first dedicated fixed-wing drone carrier," it said. Warships' flight decks have been bases for drones like the US's MQ-8B Fire Scout helicopter and the lightweight Scan Eagle drone. The report estimated that the flight deck was wide enough to allow aircraft or drones with a wingspan of roughly 65 feet, like the Chinese equivalents of the Reaper drone, to operate from it. Director of Asia Engagement at the DC-based think tank Defense Priorities, said he would hesitate to call it a drone carrier based on just one satellite image. Drones have a relatively small range, limiting their deployment away from the coastline, Goldstein told BI, so having a carrier would give the Chinese navy a "Robust" network and allow drones of different types to attack. The possible drone mothership was spotted only weeks after China's third carrier started sea trials.

May 15, 2024, 4:28 p.m.
Biden cranks up the heat on China with wall of tech tariffs
Biden cranks up the heat on China with wall of tech tariffs
['content', 'service', 'information', 'device', 'based']

It's not just EVs – semiconductors, batteries, and solar cells all hiked The Biden administration's Chinese tariff hikes were formally announced on Tuesday including, among other items, a doubling on semiconductors and solar cells and a more than tripling on …

Biden cranks up the heat on China with wall of tech tariffs

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.

May 15, 2024, 3:51 p.m.
Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it
Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it
['China', 'Dimon', 'engage', 'approach', 'follow']

"We should count our blessings, be strategic, be very thoughtful, fully engage with China. They're not an enemy — but they're competing."

Jamie Dimon says China's relationship with Russia will make it difficult for the US to fully engage with it

JPMorgan CEO Jamie Dimon considers full US engagement as the right approach to China, but says obstacles will make it a difficult course to follow, he told Sky News. Chief among issues is Beijing's strengthening relationship with Moscow, Dimon told the outlet on Wednesday: "As long as China is kind of on the side of Russia, we're going to have a hard time." In many ways, the two countries have aligned themselves as the up-and-coming alternative to the Western order, and China has become a major counterpoint to the numerous sanctions burdening the Russian economy since its invasion of Ukraine. The straight - a point of contention between US and China - will also remain a barrier to productive talks, Dimon cited. Aside from these headwinds, Dimon said that the US and its allies are in a good state to take on Beijing, and should approach it as a serious competitor, but not necessarily an enemy. "We have competition with China. I think the American government is doing the right thing to fully engage. That doesn't mean that China's going to like everything we do, just like we don't like everything they do, but it doesn't have to be war," he said. In this mindset, Dimon cited that the US shouldn't shy away from trade, despite some downsides that receive too much emphasis, he said. "We should count our blessings, be strategic, be very thoughtful, fully engage with China. They're not an enemy - but they're competing."

May 15, 2024, 3:47 p.m.
The outcome and related risk factors of unvaccinated patients with end-stage kidney disease during the Omicron pandemic: a multicentre retrospective study
The outcome and related risk factors of unvaccinated patients with end-stage kidney disease during the Omicron pandemic: a multicentre retrospective study
['patient', 'outcome', 'adverse', 'mortality', 'study']

Objectives The study aims to identify the outcome and the related factors of unvaccinated patients with end-stage kidney disease during the Omicron pandemic. Design A multicentre retrospective study of patients with end-stage kidney disease undergone mainten…

The outcome and related risk factors of unvaccinated patients with end-stage kidney disease during the Omicron pandemic: a multicentre retrospective study

Subsequently, the objective of this study is to identify factors linked to adverse outcomes in unvaccinated dialysis patients infected with the Omicron variant, with the aim of offering assistance for clinical treatment. Results During the period from December 2022 to February 2023, we included a total of 654 unvaccinated HD patients with confirmed SARS-CoV-2 infection from 6 HD centres in the study. Throughout the follow-up period, 158 patients suffered adverse outcome while 93 patients died. Discussion The results of this study's findings show that among unvaccinated HD patients with confirmed SARS-CoV-2 Omicron infections, various factors were linked to adverse outcomes while only age, sex, CRP and prealbumin significantly influenced the risk of all-cause mortality. To the best of our knowledge, prior studies have not reported the risk factors that affect the adverse outcomes of unvaccinated HD patients with Omicron infections. A recent study reported an adverse outcome rate of 27.4% and a mortality rate of 5.7% among 106 dialysis patients infected with Omicron in China. 17Recognising these risk factors in the context of HD patients with SARS-CoV-2 infection delivers significant insights for risk stratification and possible interventions in this susceptible population.

May 15, 2024, 3:30 p.m.
Nio launches $30,000 Onvo SUV to challenge Tesla Model Y in China
Nio launches $30,000 Onvo SUV to challenge Tesla Model Y in China
['apps', 'data', 'advertising', 'click', 'privacy']

Filed under: Green,Tesla,Electric Continue reading Nio launches $30,000 Onvo SUV to challenge Tesla Model Y in China Nio launches $30,000 Onvo SUV to challenge Tesla Model Y in China originally appeared on Autoblog on Wed, 15 May 2024 11:30:00 EDT. Please s…

Nio launches $30,000 Onvo SUV to challenge Tesla Model Y in China

We, Autoblog, are part of the Yahoo family of brandsThe sites and apps that we own and operate, including Yahoo and AOL, and our digital advertising service, Yahoo Advertising. "When you use our sites and apps, we use cookie policy.">CookiesCookies allow the operators of websites and apps to store and read information from your device. Authenticate users, apply security measures, and prevent spam and abuse, and. If you click 'Accept all', we and our partners, including 238 who are part of the IAB Transparency & Consent Framework, will also store and/or access information on a device and use precise geolocation data and other personal data such as IP address and browsing and search data, for personalised advertising and content, advertising and content measurement, and audience research and services development. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. If you would like to customise your choices, click 'Manage privacy settings'. You can change your choices at any time by clicking on the 'Privacy & cookie settings' or 'Privacy dashboard' links on our sites and apps.

May 15, 2024, 2:32 p.m.
China is playing it cool on Biden's big tariff hikes
China is playing it cool on Biden's big tariff hikes
['China', 'Chinese', 'U.S.', 'tariff', 'state']

Earlier this week, the U.S. imposed massive new sanctions against Chinese-made products, especially electric vehicles. The Biden administration levied a 100% tariff on EVs made in China and hiked tariffs on other products as well to the tune of $18 billion in…

China is playing it cool on Biden's big tariff hikes

The Biden administration levied a 100% tariff on EVs made in China and hiked tariffs on other products as well to the tune of $18 billion in Chinese goods. Among the differences between then and now: the Biden White House flagged potential measures to Chinese officials in advance and the tariffs target industries, including EVs and batteries, where the economic impact is limited and Chinese companies' dominance appears unassailable. "China can take the moral high ground," said Wang Huiyao, founder and president of the Beijing-based Center for China and Globalization, a think tank. In the starkest language of its response, the Chinese commerce ministry said the White House had broken the spirit of an agreement to steady bilateral relations reached by Chinese President Xi Jinping and U.S. President Joe Biden late last year in San Francisco. Huawei, which had been crippled by U.S. sanctions in 2019, has bounced back, spearheading demand for China-made chips and challenging Apple in the China smartphone business and Tesla for EVs. The United States imported $427 billion in goods from China last year and exported $148 billion to the world's No. 2 economy, a trade gap that has persisted for decades and become an ever more sensitive subject in Washington. There's no telling exactly where these tariffs will end up for either the U.S. or China.

May 15, 2024, 2:29 p.m.
Vision Pro international rollout beckons as China approves release
Vision Pro international rollout beckons as China approves release
['content', 'service', 'information', 'device', 'based']

We’re expecting the Vision Pro international rollout to happen not long after WWDC, and we’ve now seen another element of the plan fall into place. An “Apple wearable computer” has been granted the Chinese quality and safety accreditation it needs to be re…

Vision Pro international rollout beckons as China approves release

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.

May 15, 2024, 2:16 p.m.
China allows visa-free entry for cruise ship passengers
China allows visa-free entry for cruise ship passengers
['group', 'Wednesday']

BEIJING -- China on Wednesday started granting visa-free entry to foreign nationals if they arrive via cruise ships in group tours, with the stays not to exceed 15 days. The change applies to groups of at least two people who are handled by Chinese travel age…

China allows visa-free entry for cruise ship passengers

BEIJING - China on Wednesday started granting visa-free entry to foreign nationals if they arrive via cruise ships in group tours, with the stays not to exceed 15 days. The change applies to groups of at least two people who are handled by Chinese travel agencies, according to a notice issued Wednesday. Tourists can enter without visas through 13 ports including Shanghai,.

May 15, 2024, 2:07 p.m.
Biden's new tariffs show he's willing to play hardball as China ramps up exports, Nobel economist Paul Krugman says
Biden's new tariffs show he's willing to play hardball as China ramps up exports, Nobel economist Paul Krugman says
['Krugman', 'China', 'while', 'Chinese', 'product']

"Biden's moves are more than a symbolic gesture. They're a shot across the bow," Paul Krugman wrote about the new China tariffs.

Biden's new tariffs show he's willing to play hardball as China ramps up exports, Nobel economist Paul Krugman says

President Joe Biden's fresh set of China tariffs are a signal that the US will not absorb another flood of Chinese products, Paul Krugman, a top economist, wrote in an op-ed for The New York Times. "They're a shot across the bow - a signal that the United States won't accept a second so-called China shock, a surge of imports that could undermine crucial parts of the administration's agenda." The administration's recently announced tariffs target $18 billion worth of Chinese goods, taking aim at products from solar cells to semiconductors. It's all to avoid a reiteration of the trade imbalance that cropped up in the 1990s, when massive inflows of cheap manufactured goods from China eroded US employment through the next decades, Krugman said. Now, a second China shock is mounting as Beijing looks to escape domestic economic turmoil, Krugman wrote. "China was able to mask these problems for a while with a huge housing bubble and a bloated real-estate sector, but that game appears to be up," Krugman wrote, referencing the massive property-market fallout that's sent Chinese developers into default. "What the Biden administration is basically saying is: No, you don't get to do that," Krugman wrote.

May 15, 2024, 12:58 p.m.
US to increase tariffs on Chinese semiconductors by 100% in 2025 — officials say it protects the $53 billion spent on the CHIPS Act
US to increase tariffs on Chinese semiconductors by 100% in 2025 — officials say it protects the $53 billion spent on the CHIPS Act
['us', 'China', 'Chinese', 'tariff', 'semiconductor']

"Raising the tariff rate on semiconductors is an important initial step to promote the sustainability of these investments." - White House

US to increase tariffs on Chinese semiconductors by 100% in 2025 — officials say it protects the $53 billion spent on the CHIPS Act

U.S. President Joe Biden has announced sweeping tariff increases across several Chinese imports, notably semiconductors, electric vehicles, batteries and battery components, solar cells and many components that make up our tech. According to a White House press release, tariffs on Chinese semiconductors will increase from 25% to 50% in 2025, effectively doubling its tax rate. China will not take these new tariffs lying down, especially as it contends against the U.S. for global power. Liu Pengyu, a spokesperson for the Chinese Embassy in Washington, said, "We hope the U.S. can take a positive view of China's development and stop using overcapacity as an excuse for trade protectionism." While China has yet to respond to these new tariffs, Liu noted that China is a huge export market for American soybeans - and Tesla sold hundreds of thousands of cars there in 2023. Colorado's Democrat Governor Jared Polis also tweeted on X, "This is horrible news for American consumers and a major setback for clean energy. Tariffs are a direct, regressive tax on Americans and this tax increase will hit every family." On the other hand, the Republican National Committee is saying that Biden isn't tough enough on China, and that his announcement is just "a last-minute election year ploy to gaslight voters into thinking he is tough on China." Whether this move is based on policy or a political act to gain votes for Biden in the upcoming U.S. presidential election, the new tariffs will increase the prices of semiconductors and several other high-tech goods across the board. Despite the numerous sanctions that prevent Chinese companies from acquiring technology from the U.S. and its allies, the Chinese government is continually pushing for developments in this space that could eventually make it a leader - with or without the input of American tech.

May 15, 2024, 12:41 p.m.
TikTok Sues Biden Administration to Block Law Banning it in the US
TikTok Sues Biden Administration to Block Law Banning it in the US
['app', 'TikTok', 'ban', 'ByteDance', 'concern']

TikTok and ByteDance are suing the Biden administration, arguing it is simply not possible to divest and that the law is unconstitutional.

TikTok Sues Biden Administration to Block Law Banning it in the US

The hugely popular video-sharing app TikTok has filed a lawsuit against the Justice Department over a law that would force Chinese parent company ByteDance to sell the app or face a nationwide ban. The law was signed by President Biden on April 24 after it was passed overwhelmingly by Congress amid concerns among US lawmakers that China could access data or spy on Americans through the app. The legislation gives ByteDance until January 19, 2025, to sell the app to an approved buyer. Filed by both TikTok and ByteDance, the companies argue that the law is unconstitutional and violates the protections of free speech for its 170 million users in the US. The lawsuit states the divestiture is "Simply not possible; not commercially, not technologically, not legally. There is no question: the Act will force a shutdown of TikTok by January 19, 2025, silencing the 170 million Americans who use the platform to communicate in ways that cannot be replicated elsewhere." In 2020, former President Donald Trump signed an executive order that would have prohibited transactions with ByteDance, citing the data collection that "Threatens to allow the Chinese Communist Party access to Americans' personal and proprietary information." Trump's attempts to ban the app were blocked by federal judges, but concerns about data protection and the app among policymakers have escalated. The prospect of TikTok being banned in the US has sparked concern among small businesses that rely on the app for marketing and revenue. According to data from TikTok in March 2024, more than seven million small business owners use the video-sharing platform.

May 15, 2024, 12:18 p.m.
New U.S. tariffs on Chinese EVs, batteries, solar cells could raise consumer prices
New U.S. tariffs on Chinese EVs, batteries, solar cells could raise consumer prices
['apps', 'data', 'advertising', 'click', 'privacy']

Filed under: Government/Legal,Green,Plants/Manufacturing,Electric Continue reading New U.S. tariffs on Chinese EVs, batteries, solar cells could raise consumer prices New U.S. tariffs on Chinese EVs, batteries, solar cells could raise consumer prices origin…

New U.S. tariffs on Chinese EVs, batteries, solar cells could raise consumer prices

We, Autoblog, are part of the Yahoo family of brandsThe sites and apps that we own and operate, including Yahoo and AOL, and our digital advertising service, Yahoo Advertising. "When you use our sites and apps, we use cookie policy.">CookiesCookies allow the operators of websites and apps to store and read information from your device. Authenticate users, apply security measures, and prevent spam and abuse, and. If you click 'Accept all', we and our partners, including 238 who are part of the IAB Transparency & Consent Framework, will also store and/or access information on a device and use precise geolocation data and other personal data such as IP address and browsing and search data, for personalised advertising and content, advertising and content measurement, and audience research and services development. If you do not want us and our partners to use cookies and personal data for these additional purposes, click 'Reject all'. If you would like to customise your choices, click 'Manage privacy settings'. You can change your choices at any time by clicking on the 'Privacy & cookie settings' or 'Privacy dashboard' links on our sites and apps.

May 15, 2024, 11:30 a.m.
China Has Only Itself to Blame for a Trade War
China Has Only Itself to Blame for a Trade War
['China', 'Chinese', 'industry', 'trade', 'economy']

The Biden administration’s steep new tariffs are a rational response to Xi Jinping’s aggressive economic policies.

China Has Only Itself to Blame for a Trade War

A global trade war is starting, and China is at the center of it. China is at the forefront of the EV industry, while the United States, with the exception of Tesla, has barely gotten out of the parking lot. China now has the largest domestic car market in the world, but even Chinese consumers cannot sustain so many factories, especially as the country's economy slows. During an official visit to China in late April, U.S. Secretary of State Antony Blinken said that the issue of China's excess capacity was "Front and center" for Washington. Chinese economic planners wished to accelerate the EV sector's development almost a decade ago, they targeted electric vehicles for special state assistance through their Made in China 2025 industrial program. Chile has already slapped tariffs on some Chinese steel products, while Brazil imposed quotas and duties to stave off an influx of cheap steel, mainly from China. His principal economic goal of achieving "Self-sufficiency" aims to reduce what China purchases from other countries and substitute goods made by foreign companies with Chinese alternatives-especially in industries, such as green energy, that other governments find strategic.

May 15, 2024, 11:26 a.m.
Trade and investment data in the last two years dispel the deglobalization and decoupling myths as U.S.-China competition ignites reglobalization
Trade and investment data in the last two years dispel the deglobalization and decoupling myths as U.S.-China competition ignites reglobalization
['China', 'deglobalization', 'trend', 'global', 'major']

It's not decoupling or deglobalization, it's reglobalization.

Trade and investment data in the last two years dispel the deglobalization and decoupling myths as U.S.-China competition ignites reglobalization

The trade and investment data of the last two years and the many plans of major multinational corporations challenge the concepts of "Deglobalization" and "Decoupling." Any discussion on deglobalization naturally focuses on China because numerous large MNCs had developed an unprecedented level of concentrated reliance on China by the eve of new geopolitical tensions and the pandemic. The narrative from China is eroding C-suite confidence: China's real estate crisis, shadow banking crisis, youth unemployment issues, a demographic shift, a wavering stance on the prevailing growth agenda are eroding C-suite confidence. Adding scenario focuses on potential military events in the East and South China Seas, U.S. and EU executives talk about "De-risking" China. Surveys and investment plans make clear that few MNCs are leaving, or even descaling their China engagement. Despite the pandemic interruptions, China has reliably shipped since its opening up and has remained extremely competitive, even as trade and other geo-political tensions have ebbed and flowed. Even as foreign investors seek to mitigate the risk of overconcentration in China, China continues to stress exports as a pillar of future growth and both promote and support Chinese enterprises to "Go global"-what is compacted in the China-to-Global formula.

May 15, 2024, 11 a.m.
Does China have more retirees than workers? Joe Biden's claim is premature
Does China have more retirees than workers? Joe Biden's claim is premature
['China', 'age', 'United', 'States', 'people']

China’s population is poised to age dramatically in the coming years, posing financial strains to retirement pensions. But in recent remarks, President Joe Biden said this pain had already occurred. […] The post Does China have more retirees than workers? Joe…

Does China have more retirees than workers? Joe Biden's claim is premature

"China's in a situation where they have more retired than working. They don't know what to do about it." Yi's data show that today, China is home to 816 million people ages 16 to 59, and almost 283 million who are age 60 and older. China has different retirement ages - 60 for men, 55 for white-collar women and 50 for working-class women. Today, China has about 4.4 working-age people for every person who is 65 or older. By comparison, the United States is in worse shape than China on this metric today; the current U.S. ratio of workers to retirees is about 2.6-to-1. "In the future, the economic gap between elderly China and middle-aged United States will again widen," he said. Biden said, "China's in a situation where they have more retired than working."

May 15, 2024, 10:55 a.m.
Links 5/15/2024
Links 5/15/2024
['ebook', 'pdf', 'work', 'T&Cs', 'pretty']

Our tailored daily links: Smoking backfire, more China EV consternation, Hamas attacks in north, Putin reshuffle, North Carolina v. masks, Georgia disclosure riots, Stormy Daniels threat, Steve Keen crisis warning, non-compliant royals, Wlamart layoffs

Links 5/15/2024

I dug around the internet to find tools that worked on Linux to get the Amazon locks on my books removed and pdfs created. I quit buying ebooks from Amazon some time ago and I was pretty sure my purchases pre-dated the sneaky change in T&Cs - comments from others online in the "When this technique will or won't work" thread certainly suggested that the newer T&Cs ebooks were the ones that might not be convertible. Whatever the case, it worked for me and I have the pdfs on an airgapped device for reading whenever I want. On a few of them I'll have to fiddle in a Linux office program to revamp the pdf for better fonts etc but they're all pretty much as the original ebook appears.

May 15, 2024, 10 a.m.
Hong Kong is safe from China's Great Firewall—for now
Hong Kong is safe from China's Great Firewall—for now
['Hong', 'Kong', 'government', 'China', 'Chinese']

This story first appeared in China Report, MIT Technology Review’s newsletter about technology in China. Sign up to receive it in your inbox every Tuesday. We finally know the result of a legal case I’ve been tracking in Hong Kong for almost a year. Last week…

Hong Kong is safe from China's Great Firewall—for now

Last week, the Hong Kong Court of Appeal granted an injunction that permits the city government to go to Western platforms like YouTube and Spotify and demand they remove the protest anthem "Glory to Hong Kong," because the government claims it has been used for sedition. Since Hong Kong was returned to China from the UK in 1997, the Chinese central government has clashed several times with local pro-democracy movements asking for universal elections and less influence from Beijing. As a result, it started cementing tighter and tighter control over Hong Kong, and people have been worrying about whether its Great Firewall will eventually extend there. When I visited Hong Kong last November, it was pretty clear that both Beijing and Hong Kong want to take advantage of the free flow of finance and business through the city. That's why the Hong Kong government was given tacit permission in 2023 to explore government cryptocurrency projects, even though crypto trading and mining are illegal in China. Hong Kong officials have boasted on many occasions about the city's value proposition: connecting untapped demand in the mainland to the wider crypto world by attracting mainland investors and crypto companies to set up shop in Hong Kong. "As long as Hong Kong is still useful as a financial hub, I don't think they would establish the Great Firewall [there]," says Chung Ching Kwong, a senior analyst at the Inter-Parliamentary Alliance on China, an advocacy organization that connects legislators from over 30 countries working on relations with China.

May 15, 2024, 10 a.m.
The Problem With Starting (Another) Trade War With China
The Problem With Starting (Another) Trade War With China
['trade', 'war', 'China', 'Biden', 'American']

“There’s an old joke,” Woody Allen says at the start of his 1977 movie Annie Hall. “Two elderly women are at a Catskill mountain resort. And one of them says, ‘Boy the food at this place is really terrible.’ The other one says, ‘Yeah, I know. And such small p…

The Problem With Starting (Another) Trade War With China

In a memorable May 2022 essay in The Wall Street Journal, Bob Davis and Lingling Wei pointed out that China continues to do all the things that Trade War One was meant to end. Although Trade War One was supposed to create American jobs, the U.S.-China Business Council calculated that, at its peak, Trade War One eliminated 245,000 American jobs. During Trade War One, America's trade deficit with China shrank, but its overall trade deficit grew as other nations stepped into the breach. The real winner of Trade War One, the Journal's Davis and Wei concluded, was Vietnam, which increased exports to the United States by the same $50 billion that China reduced them. Of course Trade War Two is at least as much a war between Biden and Trump as it is a war between the United States and China. A fact sheet on the new policy notes acidly that the previous administration's China policy "Failed to increase American exports or boost American manufacturing, as it had promised." A January 2024 paper by economists David Autor of MIT, Anne Beck of the World Bank, David Dorn of the University of Zurich, and Gordon Hanson of Harvard noted that although Trump's trade war "Has not to date provided economic help to the US heartland," it was a great political success there, making Republican voters out of Democrats in 2020. The main thing Trade War Two will achieve is an end to a half-century of trade liberalization.

May 15, 2024, 9:04 a.m.
Chinese planes 'increasingly provocative' to Taiwan
Chinese planes 'increasingly provocative' to Taiwan
['Taiwan', 'Beijing', 'Lai', 'Chinese', 'president']

The record number of Chinese daily sorties near Taiwan this year comes ahead of President-elect Lai Ching-te's inauguration on May 20.

Chinese planes 'increasingly provocative' to Taiwan

Taiwan reported 45 Chinese warplanes in its airspace within 24 hours, according to its defense ministry on Wednesday. The ministry said that "26 of the aircraft crossed the median line of the Taiwan Strait," referring to a line bisecting the 180-kilometer waterway separating Taiwan and China. Beijing calls Taiwan President-elect a 'dangerous separatist'. China has intensified its military presence near Taiwan, simulating mock attack drills on foreign vessels as Taipei prepares to inaugurate its new president, Lai Ching-te, on May 20. On May 11-12, about 10 Chinese vessels, including frigates and coast guard boats, were seen near Taiwan, with some approaching Taiwan's contiguous zone, government reports said. Beijing claims democratic Taiwan as part of its territory. Lai, like outgoing President Tsai, rejects China's claim over Taiwan.

May 15, 2024, 8:52 a.m.
China vows 'resolute measures' after Biden's new tariffs
China vows 'resolute measures' after Biden's new tariffs
['site', 'Password', 'log-in', 'save', 'visit']

China blasted the Biden administration's move to increase US tariffs on a wide range of Chinese imports, vowing to take its own action, without giving specifics.

China vows 'resolute measures' after Biden's new tariffs

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May 15, 2024, 8:27 a.m.
'Genuine desire': Putin backs China peace plan to end Ukraine war
'Genuine desire': Putin backs China peace plan to end Ukraine war
['content', 'advertising', 'choices', 'manage', 'device']

Isolated Putin to meet Xi to rally support for the war, but cautious China is wary of punitive measures from the West.

'Genuine desire': Putin backs China peace plan to end Ukraine war

We and our 830 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.

May 15, 2024, 8:26 a.m.
PLA delegation arrives in Japan; first visit of its kind in 4 years shows mutual willingness to stabilize ties: experts
PLA delegation arrives in Japan; first visit of its kind in 4 years shows mutual willingness to stabilize ties: experts
['Japan', 'exchange', 'Officer', 'between', 'China']

A delegation comprising of 20 senior commissioned officers from the Chinese People's Liberation Army (PLA) is reportedly embarking on a weeklong visit to Japan on Tuesday to conduct exchanges with Japanese Self-Defense Force (JSDF). Analysts said that this vi…

PLA delegation arrives in Japan; first visit of its kind in 4 years shows mutual willingness to stabilize ties: experts

By Liu Xin and Guo Yuandan Published: May 14, 2024 07:33 PM. A delegation comprising of 20 senior commissioned officers from the Chinese People's Liberation Army is reportedly embarking on a weeklong visit to Japan on Tuesday to conduct exchanges with Japanese Self-Defense Force. Analysts said that this visit, the first of its kind in four years, reflects the mutual willingness of China and Japan to deepen defense exchanges and foster momentum to stabilize bilateral relations. The Sasakawa Peace Foundation of Japan announced on Friday that the exchange activity between the JSDF and the PLA is taking place from Tuesday until May 20. During their stay in Japan, PLA officers are scheduled to visit the Japanese Ministry of Defense, the Komaki Air Base of Japan Air Self-Defense Force, which locate in Komaki of Aichi Prefecture and the Maizuru Naval Base of the Maritime Self-Defense Force in Maizuru of Kyoto Prefecture, Kyodo News reported. The resumption of military exchanges between China and Japan is regarded as a positive development, contributing to the rebuilding of mutual security trust between the two countries, Xiang Haoyu, a research fellow at the China Institute of International Studies, told the Global Times on Tuesday. "Given their nature as military diplomatic activities, exchanges between senior commissioned officers of China and Japan are inevitably influenced by the political and diplomatic relations between the two countries. The recent visit of a PLA delegation of mid-level officers to Japan signifies a mutual willingness to deepen defense exchanges, foster greater mutual trust and steadfastly work toward establishing a constructive and stable China-Japan relationship that aligns with the demands of the contemporary era," Zhang said. Aside from military exchanges, there are some positive factors to encourage bilateral interactions, especially that China, Japan and South Korea are reportedly finalizing plans for a meeting of leaders in late May, the first of such trilateral meeting in more than four years, analysts said.

May 15, 2024, 8:25 a.m.
300 Chinese troops arrive in Cambodia for joint exercise
300 Chinese troops arrive in Cambodia for joint exercise
['Chinese', 'Cambodia', 'exercise', 'military', 'troops']

A Chinese amphibious landing ship carrying 300 troops has arrived in Sihanoukville in Cambodia to take part in the largest bilateral military exercise to date between the two countries.

300 Chinese troops arrive in Cambodia for joint exercise

By RFA Staff 2024.05.14 - A Chinese amphibious landing ship carrying 300 troops has arrived in Sihanoukville in Cambodia to take part in the largest bilateral military exercise to date between the two countries. Last week, China Military Online said the Qilianshan left Zhanjiang port in Guangdong for Cambodia with more than 300 Chinese troops from the army, navy, air force and joint logistic support force on board. The 6th Golden Dragon exercise is set to begin on May 16, marking a new step in the deepening military cooperation between Cambodia and China. Major Gen. Thong Solimo, spokesman for the Royal Cambodian Armed Forces, told a press conference in Phnom Penh on Monday that with more than 1,300 Cambodian troops, more than 700 Chinese troops, three large Chinese warships and 11 Cambodian warships, the Golden Dragon exercise this year "Will be even larger than before." It is not clear how the other 400 Chinese troops will get to the exercise. The Qilianshan, a 25,000-ton helicopter landing dock, appears to have replaced the Jinggangshan, which took part in last year's Golden Dragon and was mentioned in an earlier Chinese defense ministry announcement about the exercise. In 2021, the U.S. imposed an arms embargo on Cambodia over concerns about growing Chinese military influence.

May 15, 2024, 8:17 a.m.
KP.2 infection remains at extremely low level in China: CDC
KP.2 infection remains at extremely low level in China: CDC
['KP.2', 'China', 'JN.1', 'variant', 'low']

A new COVID-19 variant KP.2 has been spreading globally, while the KP.2 infection remains at an extremely low level in China so far. The main circulating strains in China are linked to the JN.1 lineage, with the top three variants being JN.1, JN.1.4, and JN.1…

KP.2 infection remains at extremely low level in China: CDC

By Global Times Published: May 14, 2024 02:30 PM. A new COVID-19 variant KP.2 has been spreading globally, while the KP.2 infection remains at an extremely low level in China so far. Experts believe that the possibility of the KP.2 sublineage becoming the dominant circulating strain in China over the short term is low, as previous epidemic caused by JN.1 has decreased to a low level. The possibility of triggering a new peak of infections is also low due to the very low proportion of KP.2 sublineage infection cases in local cases, said the China CDC on Tuesday. As of May 12, a total of 25 KP.2 sequences have been monitored in local cases in China. The proportion of KP.2 in local sequences reported weekly ranges from 0.05 percent to 0.30 percent, indicating a very low level of prevalence, said the CDC. KP.2 is the sublineage of the Omicron variant of COVID-19. Currently, there have been no reports indicating significant changes in the pathogenicity or immune evasion capabilities of KP.2 compared to the currently dominant JN.1 variant, according to the CDC. The JN.1 variant is currently the dominant strain globally, but the KP.2 sublineage has been gradually increasing in proportion since the beginning of the year. In some countries, the prevalence of the KP.2 sublineage is relatively high, ranging from 10 percent to 30 percent, according to the CDC. From April 1 to 30, the number of outpatient visits in fever clinics decreased from 163,000 to 113,000, according to the latest China CDC report released on May 10.

May 15, 2024, 8:15 a.m.
Tsai's 8 years in government: Transforming Taiwan amid global challenges
Tsai's 8 years in government: Transforming Taiwan amid global challenges
['Taiwan', 'Tsai', 'China', 'country', 'international']

In just a few days, President Tsai Ing-wen (蔡英文) will complete her two four-year terms in power and pass the baton to her deputy, Lai Ching-te (賴清德), who is also from the Democratic Progressive Party (DPP) and was victorious in the 2024 presidential election.

Tsai's 8 years in government: Transforming Taiwan amid global challenges

Over the past eight years, the Tsai administration has elevated Taiwan's visibility on the global stage as it navigated increasing competition between the world's two great powers and other complex geopolitical situations. Not only that, Tsai's government managed to "Internationalize the Taiwan issue," Wang Hung-jen, a political science professor at National Cheng Kung University, told CNA. Its strategy is to convey to the international community that "Taiwan is not merely an internal problem of China" but rather a global issue that "Impacts the core interests of many countries," Wang said. According to Wang, the Tsai administration has managed to turn these watershed moments into opportunities for Taiwan and, as Tsai pledged on the first day on the job, "Fulfill our duty as a citizen of the world and contribute toward diplomatic and global issues." Counting what her administration has achieved over the past eight years in her last New Year's address in 2024, Tsai said "Taiwan has changed... and what has changed is that Taiwan is no longer overlooked." While enjoying flourishing relations with Washington, Taipei's relationship with Beijing has deteriorated since Tsai took office, despite her repeated pledge to uphold the status quo in the Taiwan Strait. A social policy that Tsai has often emphasized in key public speeches is the legalization of same-sex marriage in Taiwan in 2019, even though the legislative process also faced significant pushback from religious and conservative groups. The international community's views and perceptions of Taiwan have changed," Tsai said, noting that the country is known not only for advanced technology development but also for its "Progressive ideas."

May 15, 2024, 8:01 a.m.
Moondrop MIAD01 review: A unique phone that's aimed at audiophiles
Moondrop MIAD01 review: A unique phone that's aimed at audiophiles
['phone', 'MIAD01', 'device', 'doesn't', 'camera']

Moondrop's MIAD01 is a phone like no other; it has 3.5mm and 4.4m ports, a built-in DAC that sounds great, and a stylish design. It's ideally suited to listen to high-res music on the go, but how does it hold up as a phone? Let's take a look.

Moondrop MIAD01 review: A unique phone that's aimed at audiophiles

While there's no shortage of dongle DACs like the Fiio KA13, being able to plug in any IEM or headset into a phone is just much more convenient, and the MIAD01 has standout sound quality. If you don't care about all of that and just need a phone for daily use that also doubles as a portable audio player, the MIAD01 has a lot to offer. Moondrop launched the MIAD01 in China in April 2024, and the phone is now on sale globally. The MIAD01 has a distinct visual design, and the phone is decked out in a grey color scheme that has the same sci-fi aesthetic as the rest of the brand's products. Sure, the phone looks cool, but the flat back tends to dig into the palm, and it makes holding and using the MIAD01 much more awkward than it needs to be. There's a good reason that every other phone that has a curved screen has symmetric curves at the back, but that isn't the case here, and it ultimately makes using the MIAD01 tedious. The phone doesn't have AptX codecs, so you're limited to the usual SBC and AAC in addition to LDAC. What I like the best is that the phone has granular volume adjustment, unlike Android's asinine slider.

May 15, 2024, 7:45 a.m.
Should Taiwan Attempt to Replicate the Zelensky Playbook?
Should Taiwan Attempt to Replicate the Zelensky Playbook?
['Taiwan', 'Ukraine', 'conflict', 'China', 'military']

On the eve of the Russian invasion of Ukraine, most of the world could not imagine President Volodymyr Zelensky emerging as a potent symbol of Ukrainian resistance. When he was elected in 2019, Zelensky came to office with no prior political experience. Despi…

Should Taiwan Attempt to Replicate the Zelensky Playbook?

As the United States and its allies prepare for a potential conflict in Taiwan, questions arise about whether Taiwan, if attacked, could replicate Ukraine's success. Given the risk of digital isolation, Taiwan needs to lay the groundwork for its information campaign well in advance of a confrontation and should focus its messaging on convincing potential allies that protecting Taiwan is vital to their security interests. For Taiwan to be successful against China, they will need to understand which lessons from Ukraine are applicable to their situation and which are not. A recent wargame conducted by the think tank Taiwan Center for Security Studies concluded that Taiwan's energy storage and electrical grid would fail to meet even basic power needs in the event of blockade or invasion by China. The capture of Taiwan would potentially embolden China to seize disputed territories in Japanese territory and the South China Sea. These countries already perceive China as a major threat to their territories, increasing the likelihood that they can be persuaded that collective action against China in a Taiwan contingency is a far better prospect then facing it alone in the future. Taiwan needs to ensure the foundations of its information strategy are laid well in advance of conflict.

May 15, 2024, 7:25 a.m.
India top court bails NewsClick editor arrested in Chinese funding case
India top court bails NewsClick editor arrested in Chinese funding case
['content', 'advertising', 'choices', 'manage', 'device']

Prabir Purkayastha was arrested last year after NYT report said outlet was backed by network pushing Chinese propaganda.

India top court bails NewsClick editor arrested in Chinese funding case

We and our 830 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.

May 15, 2024, 4:56 a.m.
Billionaire Pony Ma's Almost $8 Billion Wealth Gain Has Room To Grow
Billionaire Pony Ma's Almost $8 Billion Wealth Gain Has Room To Grow
['game', 'Tencent', 'first', 'advertising', 'video']

Pony Ma, chairman of Tencent Holdings, has boosted his wealth by almost $8 billion this year as the Chinese web giant reported a big jump in earnings on Tuesday.

Billionaire Pony Ma's Almost $8 Billion Wealth Gain Has Room To Grow

Pony Ma, chairman of Tencent Holdings, has boosted his wealth by almost $8 billion this year as the Chinese web giant recovers following years of regulatory crackdown, reporting a big jump in earnings on Tuesday. Ma, 52, now has a wealth of $41 billion mostly based on a company stake, according to Forbes estimates. Although Hong Kong-listed Tencent's shares are still down almost 50% from a peak in early 2021, they have risen nearly 30% this year. Tencent is making more money as companies in sectors such as games, internet services and consumer goods place ads on WeChat, where the length of time spent by its almost 1.4 billion users watching livestream and video clips climbed 80% year-on-year, according to the company's first-quarter results. "We expect Tencent to continue to gain market share in advertising thanks to strength in video accounts and ad tech upgrades," analyst Thomas Chong of investment bank Jefferies wrote in a May 14 report. Its bread-and-butter gaming business is seeing signs of recovery despite reporting a 1% fall in revenues to 78.6 billion yuan in the first quarter. Tencent faces serious competition, as major gaming companies-including competitor NetEase-release new games soon ahead of the crucial summer holiday season.

May 15, 2024, 4:34 a.m.
US president Joe Biden announces new tariffs on China goods – EV duty quadrupled from 25% to 100%
US president Joe Biden announces new tariffs on China goods – EV duty quadrupled from 25% to 100%
['content', 'service', 'information', 'device', 'based']

The United States has unveiled a sweeping array of new tariffs on Chinese goods, with electric vehicles (EVs) being a key focus of president Joe Biden’s announcement. These measures appear to be designed to protect […] The post US president Joe Biden announce…

US president Joe Biden announces new tariffs on China goods – EV duty quadrupled from 25% to 100%

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