Beijing

American Tech Companies Worried about the Great Firewall of China in Hong Kong

Google, OpenAI and Microsoft are slowing squeezing out accessibility to their AI chatbots in Hong Kong. This is in unequivocal acknowledgement that Hong Kong no longer has any special status over mainland China regarding freedom of information. None of the above-mentioned companies are confirming this as the reason. But given the 2020 National Security Law […]

China to Create Powerful Financial Watchdog Run by Communist Party

China will set up a financial watchdog run by the Communist Party, state media reported on Thursday, as part of a broad reorganisation of governing bodies set to give the ruling party direct control and supervision over financial affairs. The creation of the Central Financial Commission will see the dissolution of the state-run Financial Stability […]

Eyeing China, Biden and Allies Unveil Nuclear-Powered Submarine Plan for Australia

The United States, Australia and Britain unveiled details of a plan to provide Australia with nuclear-powered attack submarines from the early 2030s to counter China’s ambitions in the Indo-Pacific. Addressing a ceremony at the U.S. naval base on Monday in San Diego, accompanied by Australian Prime Minister Anthony Albanese and British Prime Minister Rishi Sunak, […]

Xi Adds Oversight Risk to China EV Battery Growth Plans

The world’s largest battery maker CATL and its rivals in China were put on notice this week with a message from the top. When Chinese President Xi Jinping said he was “both pleased and concerned” about CATL’s electric vehicle (EV) battery dominance, industry executives and regulators heard a caution to be ready to throttle back […]

Factbox-What Is China's New Government Restructuring Plan?

China has unveiled plans for a sweeping central government reorganisation at its annual parliament session, including the formation of a financial regulatory body and national data bureau and a revamp of its science and technology ministry. Here are the main changes and what they mean. WHAT DOES THE RESTRUCTURING INVOLVE? A new national financial regulatory […]

China Sanctions Lockheed Martin, Raytheon Over Taiwan Arms Sales

China on Thursday put Lockheed Martin Corp and Raytheon Technologies Corp on an “unreliable entities list” over arms sales to Taiwan, banning them from imports and exports related to China in its latest sanctions against the two U.S. companies. The measures come amid heightened tensions after the U.S. military shot down what it says was […]