Hong Kong activist Joshua Wong pleaded guilty to inciting and staging illegal demonstrations in the Special Administrative Region, and risks up to five years in prison. The activist was remanded in custody on Monday after the first court hearing in his case, related to his involvement in pro-democracy protests in Hong Kong last year.
Tag: China
Wang to Visit Japan, South Korea Next Week
The Chinese Ministry of Foreign Affairs announced on Friday that, at the invitation of Japanese Foreign Minister Toshimitsu Motegi and South Korean Foreign Minister Kang Kyungwa, Chinese Foreign Minister Wang Yi will pay an official visit to Japan and South Korea from November 24 to 27.
Five Eyes Condemn China’s Actions in Hong Kong
The Five Eyes alliance, comprising of the US, UK, Canada, New Zealand, and Australia, issued a joint statement on Wednesday, in which they expressed their “grave concern” over the autocratic actions of China against Hong Kong. The statement was issued through their respective foreign ministers.
Canada Concerned About Cybersecurity Threats
Canada announced on Wednesday that China, Russia, Iran, and North Korea are the main threats to its cyber security. This is the first time Canada has made such a declaration. In 2018, when the Canadian Communications Security Establishment (CSE) released its first cybersecurity threat report, the agency only mentioned foreign-funded actors.
Hong Kong — Five Eyes Alliance Condemns China
After the Hong Kong government canceled the qualifications of four pro-democracy legislators last week, the Foreign Ministers of the “Five Eyes Alliance” issued a statement on Wednesday, expressing concerns about China’s practices. They called on the Chinese government to stop destroying the rights and freedoms of Hong Kong people.
Shell, Baidu & IQiyi Announce Financial Reports
IQiyi released its 2020 third quarter performance report on Monday. The financial report shows that in the third quarter of 2020, iQiyi’s revenue reached approximately $1.1 billion. Regarding the financial health that the market has been paying attention to, IQiyi performed well in cost control this quarter.
US, Africa and Geopolitics
This year has been challenging shaping the trajectory around the world. The winner of the US presidential election will have vested interest in the US influence around the globe, including on the African continent. Currently, there is an attempt of the global geopolitical redistribution.
The Bathroom Panorama in Chinese Tech Giants
Founded in 2015, Pinduoduo is without doubt the fastest growing tech company in the world. In merely five years, it has become the strongest rival of Alibaba Group in China. Huang Zheng, the founder, is now the 4th richest man in China, 24th in the world. Together with other Chinese tech giants like Alibaba, Tencent and ByteDance, they have become the dream destination for most Chinese coders. Recently, a bathroom problem might make jobseekers think twice before applying to Pinduoduo.
China- 14 Countries in Asia and Pacific Sign World’s Biggest Trade Agreement
China and 14 countries in Asia and the Pacific have signed the world’s largest trade agreement. A treaty that declares war on Europe and the United States. It is the world’s largest free trade agreement, accounting for one-third of the world’s gross domestic product.
US Elections- Is The Reality Finally Dawning on Trump?
Donald Trump no longer seems so steely that he can retain the presidency of the United States. In his first speech since last weekend, which was held late Friday at the White House in Washington, he is quoted as having said that only “time will tell” who will be president of the United States.
U.S. Suspends TikTok Ban
The Ministry of Commerce’s TikTok ban was originally scheduled to take effect on the 12th, and the Ministry of Commerce made this statement at the last minute, showing a change of position. The US Department of Commerce announced on Thursday (12th) that it will suspend the TikTok ban in compliance with the Penn State Court’s ruling on October 30.
ASEAN Summit — RCEP Expected to be Signed Sunday
The 37th ASEAN Summit opened on Thursday, and the meeting was held through video. In addition to the immediate new coronavirus epidemic, the fifteen member states are also expected to sign the Regional Comprehensive Economic Partnership Agreement (RCEP) on Sunday to revive the economy hit by the epidemic.
SCO Summit — China-India Interaction Attracts Attention
The member states of the Shanghai Cooperation Organization (SCO) convened a council of heads of state on November 10. In addition to Chinese President Xi Jinping’s remarks, the attitude of Indian Prime Minister Narendra Modi was most concerned by the outside world.
Hong Kong — All Remaining Opposition MPs Resign
All of Hong Kong’s opposition MPs resigned en masse on Wednesday in protest of the removal of four of their colleagues by the local government. A new resolution from Beijing allows the Hong Kong government to remove dissident members of the Legislative Council.
Swedish Court Overturns Huawei Ban
On Monday, a Swedish court overturned a decision to prohibit Huawei equipment from entering the country’s 5G network, forcing the Swedish Postal and Telecommunications Administration (PTS) to announce that it will postpone the auction of 5G network frequency bands originally scheduled for Tuesday.
Brazil Suspends Clinical Trials of Vaccines in China
Brazilian health authority Anvisas suddenly suspended clinical trials on a new Chinese-made coronavirus vaccine on Monday, citing “serious adverse reactions.” After the agency issued relevant notices on its official website, all parties involved in the vaccine clinical trial expressed surprise.
Trudeau & Biden Talk China
Canadian Prime Minister Justin Trudeau and US President-Elect Joe Biden talked on the phone on Monday. Prime Minister Trudeau said that the two sides talked about two Canadians being imprisoned in China, and he hoped that the Biden administration could help in lobbying China to release the two.
Election 2020 — Some World Leaders Remain Silent
Congratulations began pouring in from around the world in earnest after it emerged on Saturday that Democratic candidate Joe Biden had taken an insurmountable lead over President Donald Trump in the near-complete tally of Tuesday’s elections. Notably, however, some top world leaders have up to now remained silent.
Ladakh — China & India Fail to Reach Breakthrough
The eighth round of the China-India military commander-level talks ended on Sunday. Like the last round of talks, there is no real progress in the latest talks. The two sides agreed that the frontline troops should exercise restraint and avoid misunderstandings and misjudgments. However, there was no breakthrough in the issue of troop withdrawal.
Wig Town in China Struck Hard by Covid
“You know that Michelle from Africa? First Lady, her wig was made in our village.” Although someone reminded her that Michelle is an American, Zhou doesn’t think there is a difference. All that matters is that the most famous black female in the world wears a wig from Xuchang. Right now, however, the wig industry in Xuchang is having a hard time.
Future of China’s Richest Man Becomes a Timing Bomb
The rumors started at around 8:50 pm. On November 3, first Shanghai Stock Exchange announced the halt of Ant Group’s IPO on November 5, then HK Exchanges and Clearing and Ant Group published the same announcement. In less than one hour, the originally planed world’s largest IPO died on the vine. At $34.5 billion, it could have broken the record set by Saudi Aramco’s $29.4 billion IPO last year. It’s worth noting that the current second largest IPO was set by Alibaba at $25.0 billion. Both Ant Group and Alibaba were founded by Jack Ma, the richest man in China.
Tesla Extends Contract with Livent Through 2021
On Friday, according to foreign media reports, lithium compound producer Livent announced that it has extended its supply contract with Tesla until 2021. Livent also revealed that it will set up a joint venture to acquire the troubled Nemaska lithium mine project in Canada, which will help the company increase lithium production.
Turkey Fines Social Media Platforms
Facebook Instagram, Twitter, Periscope, YouTube and TikTok platforms have been hit with heavy fines since a new law came into force in Turkey to tighten regulation of social networks. They were each fined 10 million liras ($1.174 million) for not naming their local representative at the appointed time.
Coronavirus — China Restricts Travelers, Greece Locks Down
China on Thursday announced new restrictions on entry to the country by travelers from several European countries due to the second wave of coronavirus infections. Many countries have seen their highest number of cases of the entire COVID-19 pandemic, which began in Wuhan, in China’s Hubei province, in October 2019.
Global Gold Demand Slowed in Third Quarter
On October 29, the World Gold Council released a gold demand trend report showing that in the third quarter of this year, global gold demand declined. World Gold Council said that in the context of the epidemic, countries used gold reserves to support the domestic economy.
Top US Companies Prefer a Joe Biden Win to De Escalate US-China Tensions
Many of the top five companies in Silicon Valley support a Joe Biden win. This is according to donation records compiled by the Center for Responsive Politics, a non-profit organization. The records show that Microsoft, Facebook, Amazon, and Apple are among the top five contributor’s to Biden’s campaign.
Hong Kong- Seven Pro-Democracy Activists Detained
Seven members of the pro-democracy opposition in Hong Kong were arrested today for being involved in the clashes in May in the parliament of the Chinese special administrative region, the police announced. “All arrestees are being detained for further inquires. The operation is under way and further arrests may be made,” the police said.
Unfinished Buildings in China Drag People Back to Poverty
Beijing. Back from work, parking the car. Even the underground parking lot has a chandelier, shedding light on the luxury cars around. Their owners might be executives at different industries. To get to the elevator, people will pass the four-season entrance hall, with tropical plants and a fountain in the middle. The house will be designed in the popular modern Chinese decoration style, outside of whose windows the lake nearby becomes a favorite for birds…
Indonesia Deports Three Uyghurs Back to China
A senior security source in Indonesia said that before US Secretary of State Pompeo visited Indonesia on Thursday (October 29), Indonesia deported three Uyghurs from prison to China. The source said that this action occurred before Pompeo arrived in Indonesia and met with Indonesian President Widodo.
Starbucks Exceed Earnings, Chinese Concepts Up
On Thursday, Starbucks announced the company’s fourth quarter financial report. Starbucks’ fourth-quarter revenue was $6.203 billion, a decrease of 8.1% from last year. Among them, revenue in the Americas was $4.233 billion, a decrease of 9% from last year. International revenue was $1.492 billion, a decrease of 5%.
China’s Generation 2000s – The Generation of Bucket Lifters
Foxconn never lacks for a labor force. For Foxconn, if they can’t get enough workers for $3.57/h, the easiest solution is to make it $3.72/h. During this past September, right before the launch of the iPhone 12, over 1,000 new workers joined Foxconn Zhengzhou every day, at $4.62/h. Among them, some are the 2000s. This generation is already a growing labor force. According to a government report, over 40 million 00s entered the labor market right after high school.
Sri Lanka — China Criticizes Pompeo Ahead of Visit
After finishing his visit to India, US Secretary of State Mike Pompeo arrived in Sri Lanka late on the 27th to prepare for the meeting with the country’s president and prime minister on the 28th. The Chinese Embassy in Sri Lanka also issued a statement criticizing Pompeo’s visit before his arrival.
In China They’re Asking “Is a Full-time Housewife a Waste of Education Resources?”
In 1996, Zhang Guimei applied to transfer herself to teach at a school in a remote village, Huaping, after her husband passed away of cancer. One year later, she was diagnosed with uterine fibroids. Seeing the conditions in which local female students were living, she decided to dedicate the rest of her life to help these girls to “fly out of the mountains and never come back.” In 2008, after years of extreme hard work and with the help of local government, Huaping Female High School (HFHS) was founded, the first free female high school in China.
Chinese Superstar’s Parents Refuse to Pay Debt
On October 17, Zhou Zhennan, leader of a popular Chinese idol boy band R1SE, posted “I really don’t know how to go on” on Weibo, where he has over 18 million followers. In the comments, he added “please stop calling and texting my parents, my family is my limit.” The post trended and people assumed it’s about “Sisheng,” fans who interfere with celebrities’ personal lives, which has been bothering many celebrities in China.
Conspiracy Against Donald Trump
Elections are coming very close. It is hard to tell who has the edge either Trump or Biden. The main objection which Biden publicizes not to vote for Trump, is that he allowed 100,000 Americans to die from Corona. Biden claims Trump was negligent. Trump defends his handling of the outbreak of the epidemic.
BOJ May Launch Digital Currency, Officials Say
According to reports, a senior official at the Bank of Japan (BOJ) stated that the move to launch a digital currency depends on public support. He said that although the Bank of Japan has announced that it will start testing digital currencies next year, it still has not made a final decision on this matter.
Huawei Announces Mate 40 Series Prices
Huawei finally released the new flagship phone of the Mate 40 series. For the first time, it provides four different models at the same time. Now, the prices in Europe are released. The Mate 40 Pro and Mate 40 Pro+ will open an appointment for $15 at Huawei Mall, online authorized e-commerce platforms, and offline authorized retail channels.
China-Vatican Agreement Renewed
According to Agence France-Presse (AFP), on Thursday, the Vatican and China renewed a secret agreement reached in 2018. Both the United States and the pastors of the Chinese Catholic underground church loyal to Rome warned that the signing of the agreement actually made them even more marginalized.
U.S. Approves $1.8 Billion in Arms Sales to Taiwan
According to Reuters, the US Defense Security Cooperation Agency (DSCA) issued a press release on Wednesday stating that the US Department of State has approved the potential sale of three weapon systems to Taiwan with a total value of approximately $1.8 billion.
Ant IPO Pushes Hong Kong Dollar Demand
Yesterday, Ant Group’s Hong Kong IPO has been approved by the Hong Kong Stock Exchange, and the public offering has entered a countdown stage. The data shows that due to the enthusiasm of global investors, Ant’s IPO plan in Hong Kong stocks has pushed the demand for Hong Kong dollars to historical highs.
Cathay Pacific to End Dragonair, Sweden Bans Huawei & ZTE
The South China Morning Post reported that Cathay Pacific will lay off 6,000 employees and end its Cathay Dragon brand as part of a strategic assessment to deal with the unprecedented damage caused by the new coronavirus pandemic. The SCMP said the Hong Kong airline is expected to officially announce the plan after the close on Wednesday.
Concerns Over Suicides Among Higher Education Students in China
In recent years, more students in China have chosen to obtain a master’s degree or a PhD as a way to postpone their entrance into the labor market, either out of a mere hope of increasing their competitiveness in the future, or simply because they haven’t found a proper job. However, graduate education is not meant for everyone. The pressure of being able to graduate on time, the relationship with academic supervisor, the higher expectations from the society…For the students, it has become a question of who gives up first.
Japan and Vietnam Agree to Strengthen Defense Ties
Japanese Prime Minister Yoshihide Suga made his first overseas meeting since taking office last month. At the conference, an agreement was reached with the Prime Minister of Vietnam, Nguyen Xuan Phuc, to improve cooperation in defense and protection in reaction to Chinese increased involvement in the region.
International Oil Prices Fall, OPEC+ Meeting Coming
International oil prices fell on Monday due to China’s economic growth rate in the third quarter, which was lower than expected. China’s energy demand is still inevitably dragged down by the renewed surge in the number of new coronavirus infections in other countries around the world.
U.S. Standing Slips in “Asia Power Index”
The Lowy Institute, an Australian think tank, released its 2020 “Asia Power Index” on Sunday, which shows that the United States is still the most influential country in Asia. However, in the face of China’s rise and improper handling of the COVID-19 epidemic, America’s global prestige has been declining.
China Announces Growth After Coronavirus
China announced its third-quarter GDP data on Monday. From July to September, China’s GDP grew by 4.9% this year, higher than the 3.2% in the second quarter. Various data are expected to show that China’s economic recovery has accelerated in the third quarter, and is currently the only major economy in the world with positive growth.
Alibaba Agreed to Acquire Auchan Retail International SA
On the morning of October 19th, Alibaba (09988.HK/BABA.NYSE) announced that it had agreed to acquire Auchan Retail International SA and its affiliates through its subsidiary Taobao China investment totaling approximately HK$28 billion ($3.6 billion US dollars) Jixin Holdings Co., Ltd. shares 70.94%.
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