Category: Business
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HK IPOs at their lowest in over a decade as China cracks down
Seven companies have listed in Q2 so far, the fewest since 2009, as Beijing told 34 tech companies to rectify practices. New Hong Kong listings are tracking at their slowest pace since the aftermath of the global financial crisis, as weaker markets and China’s clampdown on its biggest tech firms chill sentiment. Just seven companies…
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Budapest mayor tries to rename streets in protest against China
In a demonstration against Beijing’s alleged rights abuses, mayor attempts to rename streets where China’s Fudan University plans to open a campus. The liberal opposition mayor of Budapest announced on Wednesday he would rename streets in the Hungarian capital near a planned campus of a Chinese university to commemorate alleged human rights abuses by Beijing.…
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Group of Seven: Here’s what’s on the agenda
G7 leaders are meeting in Cornwall to rally democratic spirits and discuss COVID-19 vaccines and taxes. On the southwest coast of England, top leaders representing Western democracies are gathering from Friday to discuss a daunting list of weighty issues. In addition to the United Kingdom, which is hosting the meeting that will continue into the…
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China crackdown forces crypto mining operators to end operations
After Friday’s crackdown, several firms said they are looking to move their business overseas, especially North America. Cryptocurrency mining operators, including Huobi Mall and BTC.TOP, are suspending their China operations after Beijing stepped up its efforts to crack down on Bitcoin mining and trading, sending the digital currency tumbling. A State Council committee led by…
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The anti-graft unit of China’s Communist Party has grown in power
A T MIDNIGHT ON June 1st Shi Zhaoqing, a local boss in China’s new anti-graft super-ministry, was working late on a case in the central city of Qianjiang. It was coming to a head; his team was exhausted. But before leaving the office he told the duty officers that investigators had to play by the…
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COVID-19 Worries Return to Vietnam
Amidst a spike in new cases, the country is tightening restrictions in the hopes of repeating its 2020 successes against the virus. In comparison to other countries, Vietnam’s COVID-19 figures – 35 deaths and 3,571 cases – remain low; however, a new outbreak is likely to delay the reopening of the country’s borders, slow the…
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Australia Uighurs despair over ‘disappeared’ relatives in China
Families fear that Australia is being too cautious on issue because of China’s economic might. Melbourne, Australia – Yusuf Hussein is an Australian citizen of Uighur ethnicity who lives in the small city of Adelaide. He and his five children used to speak to his elderly parents every week, but since 2017 he has not…
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Why New Zealand’s foreign minister is her own woman
Nanaia Mahuta, the daughter of Māori royalty who entered Parliament at 26, has been shaped by her Indigenous background. Wellington, New Zealand – Nanaia Mahuta was only 11 when she first stood up for her political beliefs. Mahuta was one of 30 Māori and Pacific Island students at an all-girls Anglican school and the South…
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Why wealthy Chinese families recruit poor graduates as sons-in-law
T HE LINGYIN temple in Hangzhou, a lovely, tree-shaded place, has long drawn those seeking the blessings of a good marriage or children. Pilgrims may still be glimpsed today. On a recent afternoon Chaguan watched a mother and daughter leave a tour group to pray, incense sticks held aloft, to a statue of Guanyin, a…
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China-US Rivalry: The Taiwan Factor
The Diplomat author Mercy Kuo regularly engages subject-matter experts, policy practitioners, and strategic thinkers across the globe for their diverse insights into U.S. Asia policy. This conversation with Russell Hsiao – executive director of Global Taiwan Institute, senior fellow of The Jamestown Foundation, and adjunct fellow at Pacific Forum – discusses the U.S. approach to…