Category: Business
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With economic assets to secure, China embraces the Taliban
When the Taliban took over Afghanistan the first time in 1996, China refused to recognize their rule and left its embassy shut for years. This time around, Beijing has been among the first to embrace the Islamist militants next door. China’s remarkable shift was on display little more than two weeks ago, when Foreign Minister…
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Carrie Lam: Beijing’s ‘head girl’ in Hong Kong
Hong Kong’s first female leader has opened the door to a new era of political repression in China’s freest city. An earlier version of this story reported that Martin Lee had been jailed. His sentence was suspended for two years. When Beijing picked Carrie Lam to lead Hong Kong in 2017, the chief executive faced…
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Business Efficiency Solutions Suisse Huawei over stealing trade secrets
Chinese tech giant Huawei over the stealing of its trade secrets. The case has been registered in Business Efficiency Solutions LLC (BES), a software company based in Buena Park, California, sued California federal court. In the Wednesday complaint, BES also accused Huawei of using its technology to create a “backdoor” that allowed it to collect…
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US Congress takes aim at China’s recruitment of scientists
A new bill would bar scientists and academics from participating in US-funded research if they get support from Beijing. Congress is aiming to hobble China’s ability to recruit scientists and academics in the U.S. as part of broader moves in Washington to confront the Asian nation’s growing clout. A recently passed House bill to bolster…
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Delta Variant Challenges China’s Costly Lockdown Strategy
China’s “zero tolerance” policy against the virus may not be workable in the face of the highly contagious Delta strain. The Delta variant is challenging China’s costly strategy of isolating cities, prompting warnings that Chinese leaders who were confident they could keep the coronavirus out of the country need a less disruptive approach. As the…
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A glimpse into Japan’s understated financial heft in South-East Asia
V IETNAM’S FIRST two rapid-transit rail lines are inching closer to completion, after years of delays. The projects, one in each of the country’s two largest cities, have become symbols not just of Vietnam’s modernisation, but of the duelling interests of Asia’s two biggest sources of infrastructure investment. Hanoi’s line has been funded by Chinese…
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Months After Facing Flak Over Hidden Pizza Empire, CPEC Authority Chief Asim Bajwa Resigns
In an unforeseen development on Tuesday, Pakistan PM Imran Khan’s key aide Lt Gen (retd.) Asim Saleem Bajwa stepped down as the CPEC Authority chairman. Launched in 2015, the China-Pakistan Economic Corridor is the flagship project of China’s Belt and Road Initiative which was aimed at bringing massive investment from China and creating thousands of…
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Tuesday briefing: ‘Worst of climate change is still avoidable’
Top story: Scientists call for sharp and immediate cuts in emissions Good morning. Warren Murray bringing you news that needs knowing if we are to stand a chance. “If ever there was going to be a wake-up call to the world when it comes to climate change, this report is it. But the future is…
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China’s future economic potential hinges on its productivity
N OBLELIFT, BASED in Changxing, a town on the banks of Tai Lake, provides robotic tools for warehouse management: self-driving pallet jacks and sorting systems that make picking and fetching quicker and less dependent on humans. The factories in which it builds its wares are themselves a blur of robot arms. “There’s no comparison with…
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China mulls turning tutoring companies into non-profits
China is considering asking companies that offer tutoring on the school curriculum to go non-profit, according to people familiar with the matter, as part of a sweeping set of constraints that could decimate the country’s $100 billion education tech industry. Shares sank. In rules currently being mulled, the platforms will likely no longer be allowed…