Category: Business
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Foreign officials and corrupt business people targeted under changes to Australia’s sanctions powers
Foreign government officials could face sanctions for “gross human rights violations” while corrupt business people could be banned from travelling to Australia and have their assets and bank accounts frozen. New sanctions powers – announced by the Morrison government on Thursday and expected to be presented to parliament by the end of the year –…
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Canada condemns China’s sentencing of Canadian citizen over espionage
Chinese court has sentenced 11 years of imprisonment to the Canada’s Spavor. Canada accused Chinese court of unfair trial. “China’s conviction and sentencing of Michael Spavor is absolutely unacceptable and unjust. The verdict for Mr. Spavor comes after more than two and a half years of arbitrary detention, a lack of transparency in the legal…
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Chinese companies making fool of people legally
London, UK: Chinese companies were using a loop hole in share market to fool people legally. The Chinese companies have been using a loophole for decades to raise money from foreign investors by using a structure called variable interest entity, or VIE. Usually, when investors purchase a stock, what they’re doing is buying a percentage…
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China Is Providing an Alternative Regional Framework for South Asia
China has set up its own alternative to SAARC and BIMSTEC – one that does not include India. China has managed to chaperone its South Asian neighbors by launching the China-South Asia Emergency Supplies Reserve and Poverty Alleviation and Cooperative Development Center, the results of a virtual meeting convened by Chinese Foreign Minister Wang Yi…
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VW’s dilemma in Xinjiang shows how the west is headed for an ethical car crash
Show caption ‘Volkswagen has got itself stuck between the rock of Xi Jinping and the hard place of an increasingly outraged western public opinion.’ The Volkswagen production line in Urumqi, China, in 2013. Photograph: VCG/Getty Images Opinion VW’s dilemma in Xinjiang shows how the west is headed for an ethical car crash Timothy Garton Ash…
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China’s crackdown on tutoring leaves parents with new problems
Show caption Children learning handicrafts at a school in Shanghai. The quality and resource of education in China varies greatly between urban and rural areas, and from province to province. Photograph: Xinhua/Rex/Shutterstock China China’s crackdown on tutoring leaves parents with new problems Public largely sceptical about effectiveness of move last month aimed at reducing pressure…
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Ghost in the Machine: A Faceless, Famous Chinese Blogger Goes Silent
An anonymous Chinese tech and political blogger called “Program-Think” stopped posting in May, and rumors are swirling as to why. The figure known only as “Program-Think” (编程随想) started blogging in 2009. Twelve years later, they have 712 posts to their (assumed) name on topics ranging from coding to self-development, but mostly on state repression and…
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Australia joins allies in accusing China of ‘malicious cyber activities’
Show caption The Australian government says Beijing has ‘undermined international stability and security by opening the door to a range of other actors including cybercriminals’. Photograph: Edgar Su/Reuters China Australia joins allies in accusing China of ‘malicious cyber activities’ The Australian government says China’s ministry of state security exploited vulnerabilities in Microsoft Exchange software Daniel…
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‘Growing risks’: Hong Kong pro-democracy group scales down
Show caption Chow Hang-tung, vice-chair of Hong Kong Alliance in Support of Patriotic Democratic Movements of China, addresses the media in June. She was subsequently jailed and seven of her fellow steering committee members have resigned over safety fears. Photograph: Jessie Pang/Reuters Hong Kong ‘Growing risks’: Hong Kong pro-democracy group scales down Organisation known for…
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US warns companies on Xinjiang business, urges exit
The United States has warned of heightened risks for companies doing business in Xinjiang, where it accuses Beijing of an “ongoing genocide” and “crimes against humanity” against the Uighurs and other mainly Muslim ethnic minorities, warning firms could be liable to prosecution under US law. In an updated business advisory issued on Tuesday, the US…