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Tag: China

  • Magical Guizhou: A Collision of Ups and Downs

    Magical Guizhou: A Collision of Ups and Downs

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    Press Release


    Apr 4, 2022

    China’s Guizhou is a mountainous province with rich worldly flavors. Sour, sweet, bitter, and spicy, the flavors here are as diverse as the fascinating customs and traditions of this region. To let more people know about China’s Guizhou Province, the People’s Daily Online West USA Inc specially launched the “Magical Guizhou” series. 

    The food and daily life here are so interwoven with one another that there is hardly a border in between. Here, each flavor is so much more than just a sensation on the tip of your tongue. It is the projection and understanding of life itself. 

    With an average elevation of 1,100 meters, and a rainy and humid climate, Guizhou’s love for chili pepper is written into the genes of its people. Chili peppers drive away dampness and coldness, cultivating health, strength, and balance. The spicy food here also comes in rich varieties. 

    CONTACT:
    Amy Zhou
    Phone: 919.564.8043
    Email: usawest@people.cn
     

    Source: People’s Daily Online West USA Inc

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  • Behold Guizhou’s Beauty

    Behold Guizhou’s Beauty

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    Press Release


    Apr 4, 2022

    Blooming flowers, romantic tea; green rain, and charming spring. Here is China’s Guizhou. To let more people know about China’s Guizhou Province, the People’s Daily Online West USA Inc specially launched the “Magical Guizhou” series.

    Guizhou is a land of artistic treasures, with well-protected ecology and natural landscapes as well as distinctive and diverse cultures and traditions that have brought forth gorgeous traditional attire. The patterns on the costumes record cultural history, symbology, and legends, serving as precious wordless history books.

    Behold Guizhou’s beauty, enjoy the multiethnic culture. 

    CONTACT:
    Amy Zhou
    Phone: 919.564.8043
    Email: usawest@people.cn

    Source: People’s Daily Online West USA Inc

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    Family Travel, Destinations, Personal Travel, Travel and Transportation, Travel, Transportation, and Hospitality News, Vacations and Travel, Travel, Transportation, and Hospitality News, Travel, Vacations and Travel, Environmental Protection, Environmentalism, Environmental, Environmental and Waste Management, Weddings

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    China, Ethnic culture, Guizhou, Spring, Tea, Travel


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  • Magical Guizhou: Fascinating Eating Customs and Traditions

    Magical Guizhou: Fascinating Eating Customs and Traditions

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    In Guizhou, food is so much more than a sensation on the tastebuds

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  • Magical Guizhou: Spicy and Sour is as Fascinating as the Customs and Traditions

    Magical Guizhou: Spicy and Sour is as Fascinating as the Customs and Traditions

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    Sour, sweet, bitter, and spicy, the flavors here are as diverse as the fascinating customs and traditions of China’s Guizhou

    Press Release


    Mar 30, 2022

    Guizhou is a mountainous province with rich worldly flavors. Sour, sweet, bitter, and spicy, the flavors here are as diverse as the fascinating customs and traditions of this region. The food and daily life here are so interwoven with one another that there is hardly a border in between. Here, each flavor is so much more than just a sensation on the tip of your tongue. It is the projection and understanding of life itself. To let more people know about China’s Guizhou Province, the People’s Daily Online West USA Inc specially launched the “Magic Guizhou” series.

    With an average elevation of 1,100 meters, and a rainy and humid climate, Guizhou’s love for chili pepper is written into the genes of its people. Chili peppers drive away dampness and coldness, cultivating health, strength, and balance. The spicy food here also comes in rich varieties. 

    In the village of the Dong people in Sanlong, a captivating spicy aroma is slowly coming into being, as the stone pestles keep pounding against the stone stamp mill. The spicy aroma teases the tip of your nose, as the singing of Dong people pleases your ears. The chili pepper is then transferred from here to the kitchen, where it will be blended with different flavors to create many mesmerizing dishes later. For example, for the Guizhou staple “Laziji (Spicy Chicken),” the hot, aromatic, and chewy “Ciba” chili pepper paste is indispensable. The stir-fry process infuses the chicken with the hot spicy flavor of the chili pepper paste, allowing the two ingredients to compliment each other and create a unique taste-tantalizing experience. 

    As the weather gets warmer on the day of the Beginning of Spring, Granny Zhang is about to unveil the delicacy she has been storing for half a year, a tradition of her Miao culture. Inside this tiny clay jar, fish from the rice paddies and air-dried meat are wrapped inside layers and layers of minced chili pepper. The spiciness of the chili pepper and the salt collide and penetrate the fish and meat. Over an extended period of marination, the blended flavor is transformed into a unique taste that defines the marinated fish and marinated meat — two of the most iconic ethnic cuisines of the Miao and Dong ethnic groups. Over crackling burning wood, marinated fish and meat are rolling in the boiling pot, leaving a lingering aroma in the air. 

    The locals in Guizhou have a strong preference for spicy, salty, and sour food. While Granny Zhang prepares to make marinated fish in her clay jars, Mr. Sun is also getting busy in the fermentation chamber in his house. Over 30 large jars filled with white sour soup are undergoing a big transformation. As soon as the openings on top are completely covered by white nets, the white sour soup is ready to be served. With just one scoop, the white sour soup adds a multilayered flavor with both sweetness and sourness to the hotpot. 

    CONTACT:
    Amy Zhou
    Phone: 919.564.8043
    Email: usawest@people.cn

    Source: People’s Daily Oline West USA Inc

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  • Magical Guizhou: Connect With Trees and Live With Nature

    Magical Guizhou: Connect With Trees and Live With Nature

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    Press Release


    Mar 30, 2022

    In Southwest China, there is a hidden paradise on earth, where the “water originates from the Yangtze River and the mountains extend from Kunlun,” as the saying goes. To let more people know about China’s Guizhou Province, the People’s Daily Online West USA Inc specially launched the “Magic Guizhou” series.

    On this land, countless rivers, both big and small, run through the ravines of the steep and lush mountains. This remarkable land is home to a variety of ethnic groups. For thousands of years, the people here have been maintaining a respectful and harmonious relationship with nature. This is Guizhou, the place of wonders and colors. 
    In the hinterland of Guizhou live the Miao people who migrated to Guizhou 4,000 years ago.

    Sharp and loud gunshots breaking through the morning quiet start each day for the Miao people living on Yueliang Mountain. Yisha in Congjiang County is home to the last riflemen’s group in China.

    When distinguished guests arrive in the village, the men fire gunshots into the air in a welcoming salute. The riflemen hold the utmost respect for nature. The Miao people in Yisha are spiritually bound to their designated trees.

    There are three trees in each person’s life. When one is born, adults plant a tree in the child’s name to guard them throughout their lifetime. The person worships and pays homage to that tree on the new year or on any major festival. When the person dies, the tree will be cut down to make the casket.

    Before every child enters adulthood at 15 years old, a well-respected figure in the village assigns a tree to the child. The tree is called “Xiaozaishu” (meaning “tree that prevents bad fortune”). From childhood to adulthood, the boy or the girl has to frequently worship and pay homage to their tree. The people here believe that everything in nature has a spirit and humans have to be respectful and grateful to nature, instead of trying to exploit or possess it. 

    The third tree in life is called “Changqingshu” (meaning “evergreen”). The tree is planted right above the burial site after someone passes away, signifying that life continues in another form after death into another cycle. 

    In Yisha, people connect with life through their trees and with their ancestors through their hair. For men in Yisha, having a haircut is a tremendous event. The hair-shaving ceremony seems simple, but it embodies deeply rooted bonds between people and their ancestors. The braid on a man’s head also symbolizes a tree. For that reason, the “wild grass”(means the hair around the braid) has to be mown every once occasionally to guarantee better growth of the “tree.” 

    Guizhou is blessed with rich and colorful cultures and customs. They are embroidered into garments, blended into songs. These cultures and customs are both tangible and intangible assets deeply rooted in this land, where they continue to thrive and shine with their uniqueness.

    CONTACT:
    Amy Zhou
    Phone: 919.564.8043
    Email: usawest@people.cn

    Source: People’s Daily Online West USA Inc.

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  • Magical Guizhou: A Hot Spring Culture Abounding for More Than 400 Years

    Magical Guizhou: A Hot Spring Culture Abounding for More Than 400 Years

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    Travelers are invited to come to Guizhou to enjoy a warm winter in the steaming hot springs

    Press Release


    Mar 30, 2022

    Nothing beats a steaming hot bath on a cold winter day. Located in Southwest China, Guizhou is the kingdom of sedimentary rocks and karst landscapes recognized by geologists around the world. To let more people know about China’s Guizhou Province, the People’s Daily Online West USA Inc specially launched the “Magic Guizhou” series.

    Its unique and complex geological features contribute to a very favorable hydrogeological condition for the formation and storage of hot springs. There are over 200 hot spring resources distributed in the province. 

    Shiqian Hot Spring

    A historic hot spring has quietly sat on the bank of the Longchuan River for centuries, quietly existing alongside the changes and transformations the world underwent over time. Shiqian Hot Spring is one of China’s oldest hot springs. The construction of the facility began during the 34th year under the rule of Emperor Wanli of the Ming Dynasty (1606 AD). The hot spring has over 400 years of history and is the only natural mineral hot spring in China that can be used for both bathing and drinking.  

    A “secret paradise on earth” is hiding at the tip of the magnificent peak of Foding Mountain, which is 1,869 meters above sea level. There is a small town with a tranquil natural environment and gentle spring water. The hot spring resort was created based on the National 5-Star Hot Spring standards, providing visitors with over 40 hot spring ponds in different styles inside the forest. 

    Jianhe Hot Spring 

    The goddess Yang Asha, venerated by the Miao people, was born in Jianhe. Her hometown is endowed with a unique atmosphere of tenderness and romanticism thanks to its hot springs.

    Jianhe Hot Spring is a natural mineral thermal spring with a flow rate of over 5,000 tons per day at 50℃. Jianhe Hot Spring is also renowned as the “Holy Water of Miao Village.” 
    In Jianhe Hot Spring Town, the hot spring culture is infused with the unique cultural elements from the Miao and Dong cultures through the architectural style of the traditional blue brick walls and wooden corridors.

    Sinan Hot Spring

    “Watch over the ancient town and Wujiang River from the mountain top, where we bathe in the holy water under the endless skies” — these are the words of a poet to describe this place of rest and beauty. Using hot springs to promote wellness has been an idea passed down from ancient times. The Cliff Hot Spring, especially, will be a thrilling experience visitors do not want to miss. 

    In addition to Shiqian Hot Spring, Jianhe Hot Spring, and Sinan Hot Spring, there are many more hot spring spots distributed all over the magical land of Guizhou, including Xifeng Hot Spring and Wanxiang Hot Spring. Together, they contribute to a traveling route that covers eight major hot spring destinations in total. These natural endowments have helped Guizhou to lay a solid foundation for becoming a “national hot spring province” and developing the hot spring tourism industry. 

    Travelers are invited to come to Guizhou to enjoy a warm winter in the steaming hot springs.

    CONTACT:
    Amy Zhou
    Phone: 919.564.8043
    Email: usawest@people.cn

    Source: People’s Daily Online West USA Inc.

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  • Magical Guizhou: The Unusual Salty Tangyuan Has Been Popular Since The Qing Dynasty

    Magical Guizhou: The Unusual Salty Tangyuan Has Been Popular Since The Qing Dynasty

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    Salty Tangyuan, that delicious morsel of chicken or ground pork wrapped in dough, however, is quite an exception in China

    Press Release


    Mar 30, 2022

    For many types of food in China, there is usually a sweet version and a salty version such as Zongzi and Moon Cakes. Sweet or salty, both of the flavors have their own loyal following. To let more people know about China’s Guizhou Province, the People’s Daily Online West USA Inc specially launched the “Magic Guizhou” series.

    Salty Tangyuan, that delicious morsel of chicken or ground pork wrapped in dough, however, is quite an exception in China. Almost everyone agrees that it should be sweet.

    But there is one restaurant with over 100 years of history in Xingyi, Guizhou, that breaks the rule. And the Tangyuan served here also has a history of over 100 years.

    Even though people can feel confused by the idea of salty Tangyuan, once they try the salty Tangyuan in Xingyi, they will definitely love it. Soaked in chicken soup, the Tangyuan is elevated in its flavor. The filling consists of chicken and a tiny amount of pork, so it is a popular breakfast option for many locals.

    According to Xu Changmin, owner of Zou’s Chicken Tangyuan in Xingyi, his Qing Dynasty ancestor was very happy after collecting end-of-year bills. Someone in the household proposed making something delicious to celebrate. At that moment, they noticed there was a chicken on the kitchen table and decided to mince the chicken and use it as a filling for Tangyuan. That was how the salty Tangyuan was created. To the surprise of Xu Changmin’s ancestor, bold culinary creativity gave birth to a unique delicacy. Thanks to adjustments and additions of flavor by generations of innovators, it has become a traditional dish with 100 years of history. 

    Salty Tangyuan is unique to Xingyi, Guizhou. Anyone visiting Xingyi should definitely try it. 

    CONTACT:
    Amy Zhou
    Phone: 919.564.8043
    Email: usawest@people.cn

    Source: People’s Daily Online West USA Inc.

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  • Biden will ‘at some point’ meet with China’s Xi Jinping, top White House official says | CNN Politics

    Biden will ‘at some point’ meet with China’s Xi Jinping, top White House official says | CNN Politics

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    CNN
     — 

    President Joe Biden will “at some point” meet with Chinese President Xi Jinping, according to White House national security adviser Jake Sullivan, as the two countries work to reset normal relations amid what has been an extremely tumultuous and tense year in the relationship.

    “We will, I hope, soon see American officials engaging at senior levels with their Chinese counterparts over the coming months to continue that work. And then, at some point, we will see President Biden and President Xi come back together again,” Sullivan told CNN’s Fareed Zakaria in an interview on “GPS” that aired Sunday.

    “There is nothing inconsistent with, on the one hand, competing vigorously in important domains on economics and technology, and also ensuring that that competition does not veer into conflict or confrontation. That is the firm conviction of President Biden,” Sullivan added.

    Sullivan’s remarks come as relations between the world’s two biggest economies remain strained.

    China’s defense minister on Sunday accused the United States and its allies of trying to destabilize the Indo-Pacific region – just hours after the US had accused a Chinese warship of cutting in front of an American vessel that was taking part in a joint exercise with the Canadian navy in the Taiwan Strait, forcing the American vessel to slow down to avoid a collision. The incident marked the second time in two weeks that Chinese military personnel have engaged in aggressive maneuvers in the vicinity of US military personnel near China’s border. A Chinese fighter jet conducted an “unnecessarily aggressive maneuver” during an intercept of a US spy plane in international airspace over the South China Sea last week, the US military said Tuesday.

    Tensions between Washington and Beijing soared in February after a suspected Chinese spy balloon flew over the continental US and was subsequently shot down by the American military.

    The incident prompted US Secretary of State Antony Blinken to postpone a planned trip to Beijing. While the trip has not yet been rescheduled, the State Department announced Saturday that the assistant secretary of state for East Asian and Pacific affairs is traveling to China this week “to discuss key issues in the bilateral relationship.”

    China’s foreign minister, Qin Gang said in May that a “series of erroneous words and deeds” by the United States had placed relations between the two superpowers on “cold ice,” but stabilizing ties was a “top priority.”

    Amid the US efforts to reengage with China, Sullivan met with top Chinese official Wang Yi in Vienna last month in one of the highest-level engagements between US and Chinese officials since the spy balloon incident.

    There is a desire, Sullivan said, to “put a floor under the relationship” in order to more responsibly manage the competition between them.

    “There are a number of different elements to that. But one of the key ones is that as we have intense competition, we also have intense diplomacy,” he said.

    Biden, as recently as mid-May, projected optimism that he would eventually meet with his Chinese counterpart “whether it’s soon or not.” The two leaders last met in November at the G20 summit in Bali, Indonesia, for a three-hour conversation that Biden afterward described as “open and candid.”

    Meanwhile, Sullivan also told Zakaria that the US believes the highly anticipated Ukrainian counteroffensive will result in Kyiv taking back “strategically significant territory.”

    “Exactly how much, in what places, that will be up to developments on the ground as the Ukrainians get this counteroffensive underway,” Sullivan said. “But we believe that the Ukrainians will meet with success in this counteroffensive.”

    Asked if this meant he expected some form of negotiations by the end of this year, Sullivan wouldn’t provide any sort of timetable but said that developments on the battlefield will have a “major impact” on any future negotiation.

    “But what I will say is this: President Zelensky himself has said that this war will end ultimately through diplomacy,” Sullivan said.

    The Ukrainian military has been spotted moving military hardware toward the front lines of its conflict with Russia and carrying out attacks against Russian targets that could facilitate an offensive, including recent strikes in the Russian-occupied southern port city of Berdiansk.

    A senior US official confirmed to CNN in May that Ukraine had begun conducting “shaping” operations in advance of a counteroffensive against Russian forces. Shaping involves striking targets such as weapons depots, command centers and armor and artillery systems to prepare the battlefield for advancing forces.

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  • Nvidia says US curbs on AI chip sales to China would cause ‘permanent loss of opportunities’ | CNN Business

    Nvidia says US curbs on AI chip sales to China would cause ‘permanent loss of opportunities’ | CNN Business

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    Hong Kong
    CNN
     — 

    Nvidia warned Wednesday that if the United States imposes new restrictions on the export of AI chips to China, it would result in a “permanent loss of opportunities” for US industry.

    The company’s chief financial officer, Colette Kress, said she didn’t anticipate any “immediate material impact” but tighter curbs would impact earnings in the future.

    US officials plan to tighten export curbs announced in October to restrict the sale of some artificial-intelligence chips to China, according to multiple media reports, including the Wall Street Journal and Financial Times. Washington has ramped up efforts to cut China off from key technologies that can support its military.

    The US Department of Commerce has not replied to a CNN request for comment.

    The rules, as reported, could make it harder for companies like Nvidia

    (NVDA)
    to sell advanced chips to China. Fueled by a boom in demand for its AI chips, the company briefly hit a market capitalization of $1 trillion in late May.

    “We are aware of reports that the US Department of Commerce is considering further controls that may restrict exports of our A800 and H800 products to China,” Kress told an investment conference.

    “Over the long-term, restrictions prohibiting the sale of our datacenter GPUs to China, if implemented, would result in a permanent loss of opportunities for US industry to compete and lead in one of the world’s largest markets and impact on our future business and financial results,” she said.

    GPUs refer to graphics processing units, which are chips or electronic circuits capable of rendering graphics for display on electronic devices.

    “Given the strength of demand for our products worldwide, we do not anticipate that such additional restrictions, if adopted, would have an immediate material impact on our financial results. We do not anticipate any immediate material impact on our financial results,” Kress added.

    Last October, the Biden administration unveiled a sweeping set of export controls that ban Chinese companies from buying advanced chips and chip-making equipment without a license.

    The new move is aimed in part at Nvidia’s A800 chip, which the US-based company created following the introduction of last year’s curbs in order to continue to sell to China, Bloomberg reported.

    China is a key market for Nvidia. Revenues from mainland China and Hong Kong accounted for 22% of the company’s revenue last year, according to its financial statements.

    On Wednesday, shares of Nvidia slumped as much as 3.2%, before recouping some of the losses. It ended down 1.8%. Chinese AI stocks suffered much heavier losses.

    Inspur Electronic Information Industry fell by 10%, the maximum allowed, on Wednesday in Shenzhen. It dropped again by 5.3% on Thursday. Chengdu Information Technology of Chinese Academy of Sciences slid 12% on Wednesday. Baidu

    (BIDU)
    , which is developing a rival to ChatGPT, sank 4.4% on Thursday in Hong Kong.

    “The US could ruin China’s AI party,” Jefferies analyst said in a research note. Local chipsets do not have Nvidia’s GPU ecosystem, thus every update may require reworking, resulting in lower efficiency and higher costs.

    The Biden administration’s chip curbs would be “much more effective” in limiting China’s advances in military power driven by AI than rules restricting US investment in China’s tech sector, the analysts added.

    China has strongly criticized US restrictions on tech exports, saying earlier this year that it “firmly opposes” such measures.

    In May, Beijing banned Chinese operators of critical information infrastructure from buying products from Micron Technology

    (MU)
    , in apparent retaliation against sanctions imposed by Washington and its allies on the country’s chip sector.

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  • China just played a trump card in the chip war. Are more export curbs coming? | CNN Business

    China just played a trump card in the chip war. Are more export curbs coming? | CNN Business

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    Hong Kong
    CNN
     — 

    A trade war between China and the United States over the future of semiconductors is escalating.

    Beijing hit back Monday by playing a trump card: It imposed export controls on two strategic raw materials, gallium and germanium, that are critical to the global chipmaking industry.

    “We see this as China’s second, and much bigger, counter measure to the tech war, and likely a response to the potential US tightening of [its] AI chip ban,” said Jefferies analysts. Sanctioning one of America’s biggest memory chipmakers, Micron Technology

    (MU)
    , in May was the first, they said.

    Here’s what you need to know about gallium and germanium, how they could play into the chip war and whether more countermeasures could be coming.

    Last October, the Biden administration unveiled a set of export controls banning Chinese companies from buying advanced chips and chip-making equipment without a license.

    Chips are vital for everything from smartphones and self-driving cars to advanced computing and weapons manufacturing. US officials have talked about the move as a measure to protect national security interests.

    But it didn’t stop there. For the curbs to be effective, Washington needed other key suppliers, located in the Netherlands and Japan, to join. They did.

    China eventually retaliated. In April, it launched a cybersecurity probe into Micron before banning the company from selling to Chinese companies working on key infrastructure projects. On Monday, Beijing announced the restrictions on gallium and germanium.

    Gallium is a soft, silvery metal and is easy to cut with a knife. It’s commonly used to produce compounds that are key materials in semiconductors and light-emitting diodes.

    Germanium is a hard, grayish-white and brittle metalloid that is used in the production of optical fibers that can transmit light and electronic data.

    The export controls have drawn comparisons with China’s reported attempts in early 2021 to restrict exports of rare earths, a group of 17 elements for which China controls more than half of the global supply.

    Gallium and germanium do not belong to this group of minerals. Like rare earths, they can be expensive to mine or produce.

    This is because they are usually formed as a byproduct of mining more common metals, primarily aluminum, zinc and copper, and processed in countries that produce them.

    China is the world’s leading producer of both gallium and germanium, according to the US Geological Survey. The country accounted for 98% of the global production of gallium, and 68% of the refinery production of germanium.

    “The economies of scale in China’s extensive and increasingly integrated mining and processing operations, along with state subsidies, have allowed it to export processed minerals at a cost that operators elsewhere can’t match, perpetuating the country’s market dominance for many critical commodities,” analysts from Eurasia Group said on Tuesday.

    Shares of Chinese producers of the two raw materials surged by 10% on Tuesday.

    Beyond China, Australian rare earths producers also advanced, as investors expected Beijing might extend export curbs to that group of strategically important minerals. Lynas Rare Earths

    (LYSCF)
    rose 1.5%.

    The United States is dependent on China for these the two critical elements. It imported more than 50% of the gallium and germanium it used in 2021 from the country, the US Geological Survey showed.

    Eurasia Group analysts described China’s export controls as a “warning shot.”

    “It is a shot across the bow intended to remind countries including the United States, Japan, and the Netherlands that China has retaliatory options and to thereby deter them from imposing further restrictions on Chinese access to high-end chips and tools,” Eurasia Group said in a research note.

    Chinese authorities may also intend to use its control over these niche metals as a possible bargaining chip in discussions with US Treasury Secretary Janet Yellen, who is scheduled to visit Beijing later this week.

    Jefferies analysts said the timing of the announcement was unlikely to be a casual decision.

    “It gives the US at least two days to digest and come up with a well-considered response,” they said.

    However, the move is not considered “a death blow” to the United States and its allies.

    China may be the industry leader, but there are alternative producers, as well as available substitutes for both minerals, the Eurasia Group analysts pointed out.

    The United States also imports a fifth of its gallium from the United Kingdom and Germany and buys more than 30% of its germanium from Belgium and Germany.

    That’s definitely possible, a former senior Chinese official has warned.

    The curbs announced this week are “just the start,” Wei Jianguo, a former deputy commerce minister, told the official China Daily on Wednesday, adding China has more tools in its arsenal with which to retaliate.

    “If the high-tech restrictions on China become tougher in the future, China’s countermeasures will also escalate,” he was quoted as saying.

    Analysts believe this too. Rare earths, which are not difficult to find but are complicated to process, are also critical in making semiconductors, and could be the next target.

    “If this action doesn’t change the US-China dynamics, more rare earth export controls should be expected,” Jefferies analysts said.

    However, analysts from Eurasia Group warned that restricting exports is a “double-edged sword.”

    Past attempts by China to leverage its dominance in rare earths have reduced availability and raised prices. Higher prices have spurred greater competition by making mining and processing ventures outside of China more cost-competitive, they said.

    China cut its rare earths export quota in 2010 amid tensions with the United States.

    That resulted in greater efforts by companies outside of the country to produce the metals. US data showed that China’s global market share dropped from 97% in 2010 to about 60% in 2019.

    “Imposing export restrictions risks reducing market dominance,” the Eurasia Group analysts said.

    CNN’s Hanna Ziady and Xiaofei Xu contributed to reporting.

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  • Chinese star banker Bao Fan detained by country’s top anti-graft body, state media says | CNN Business

    Chinese star banker Bao Fan detained by country’s top anti-graft body, state media says | CNN Business

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    Hong Kong
    CNN
     — 

    One of China’s top tech bankers, who went missing in February, has been in the custody of the country’s top anti-graft watchdog since his disappearance and has had his detention extended, according to a state media report.

    The Economic Observer, a well regarded financial publication, reported that Bao Fan — founder and CEO of Hong Kong-listed China Renaissance, a boutique investment bank -— was taken away on February 7 by officials from the Central Commission for Discipline Inspection (CCDI) in an investigation into suspected corporate bribery.

    It said, citing an unnamed source, that his detention was extended on May 7 for three months.

    The mysterious disappearance of Bao has sent a chill through financial markets and China’s tech sector. Shares in China Renaissance had plunged more than 20% until they were suspended from trading in early April. The company also delayed the release of its annual results, because its auditors were unable to reach Bao.

    China Renaissance, which was responsible for a string of major Chinese tech deals since it was founded in 2005, didn’t immediately respond to a CNN request for comment.

    The CCDI is the top anti-graft body of the ruling Communist Party and is responsible for investigating corruption.

    China Renaissance had previously revealed only that Bao was “cooperating in an investigation” being carried out by certain authorities in the country. But it gave no other details.

    Bao is known as a veteran dealmaker who worked closely with top tech companies in China. He helped broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. Today, the combined company’s “super app” platform is ubiquitous in China.

    His February disappearance coincided with a sweeping anti-corruption crackdown launched by the ruling Communist Party into the financial sector, which has ensnared more than a dozen senior executives at China’s biggest financial institutions.

    Analysts believe the crackdown is a new wave of leader Xi Jinping’s existing anti-graft campaign, through which he is believed to be further consolidating his power amid domestic and external challenges.

    The specific agencies handling Bao’s case include the CCDI’s international cooperation bureau and Beijing’s municipal anti-graft authorities, the Economic Observer said.

    Bao’s detention was related to another case involving Cong Lin, a former executive at his company, who had previously worked for China’s largest state owned bank for more than two decades, the newspaper added.

    Cong Lin, who became president of China Renaissance in July 2020, had previously served in a variety of executive roles at the Industrial and Commercial Bank of China, according to public company records.

    Cong has been detained by anti-corruption authorities since September for matters related to his tenure at ICBC Financial Leasing, the Economic Observer said. The details of Cong’s detention were previously reported by several Chinese media outlets.

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  • Jack Ma makes rare public appearance in China | CNN Business

    Jack Ma makes rare public appearance in China | CNN Business

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    Hong Kong/Beijing
    CNN
     — 

    Jack Ma, the billionaire founder of Alibaba

    (BABA)
    and once one of China’s most prominent entrepreneurs, has made a rare public appearance in the country.

    Ma visited the city of Hangzhou and was seen meeting with students and teachers at the Alibaba-funded Yungu School.

    “Jack Ma came to Yungu School and discussed the future of education with the campus directors,” the school said on its WeChat account Monday, adding that the purpose of Ma’s visit was to discuss “the challenges and opportunities” that “new technological change brings to education.”

    Ma, who has a fortune of nearly $33 billion, has kept a very low profile since the Chinese government began a fierce crackdown on the tech sector more than two years ago.

    One of the most dramatic opening salvos of the offensive came in November 2020, when Ant Group — a financial affiliate of Alibaba also founded by Ma — was forced to pull its $37 billion IPO at the last minute. That intervention by regulators followed a speech from Ma in which he criticized China’s banks and financial regulators.

    In recent years, Ma has reportedly spent time in Japan, home to his friend and Alibaba investor, SoftBank CEO Masa Son, and in Hong Kong.

    In a statement to CNN about the trip, the Jack Ma Foundation said the Alibaba founder “travels very often in China and overseas.”

    “Mr. Ma travels very often in China and overseas. He has been in Hangzhou recently. He paid a visit to Hangzhou Yungu School today and had a chat with teachers there on education,” a spokesperson said.

    In recent months, Beijing has signaled that its onslaught on the internet industry may be coming to an end. As the economy struggles to pick up speed after years of Covid lockdowns and a real estate crash, the ruling Communist Party needs the private sector to boost jobs and growth.

    New Premier Li Qiang has adopted a softer tone towards businesses since taking office, in what many see as an attempt to bolster China’s economic recovery. Investors have rushed back in.

    But the outlook for the sector remains uncertain. Confidence took a knock last month when Bao Fan, the CEO and chairman of Beijing-based China Renaissance, disappeared without explanation. Ten days later, the investment bank and private equity firm said he was cooperating in an investigation by Chinese authorities.

    Bao is a veteran deal maker in Chinese tech — he helped to broker the 2015 merger between two of the country’s leading food delivery services, Meituan and Dianping. His team has also invested in Chinese electric vehicle makers Nio

    (NIO)
    and Li Auto, and helped Baidu

    (BIDU)
    and JD.com

    (JD)
    complete listings in Hong Kong.

    And while Beijing may have dialed back on its overt pressure, it has been quietly tightening its grip on household names, including Alibaba, by acquiring so-called “golden shares” that allow government officials to be directly involved in their businesses, including having a say in the content they provide to hundreds of millions of people.

    The future of Ant Group remains unclear. Ma relinquished control of the company in January as part of a shakeup of its shareholding structure. His voting rights have fallen to about 6% from more than 50% prior to the restructure.

    In a statement, Ant said the move would make the company’s shareholder structure “more transparent and diversified,” but would not result in any change to the economic interests of any shareholders.

    Ant said its 10 major shareholders, including Ma, had agreed to no longer act in concert when exercising their voting rights, and would only vote independently, and thus no shareholder would have “sole or joint control over Ant Group.”

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  • Meta shuts down network of fake accounts that ‘signal a shift’ in China-based influence efforts | CNN Business

    Meta shuts down network of fake accounts that ‘signal a shift’ in China-based influence efforts | CNN Business

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    New York
    CNN
     — 

    Facebook’s parent company Meta announced Wednesday that it has taken down a network of more than 100 China-based accounts that posed as organizations in the US and Europe and pushed pro-Beijing talking points.

    The Facebook and Instagram accounts, which included a fictitious news organization and posed as a think tank, likely used deepfake images developed through artificial intelligence to make the fake accounts appear legitimate, Meta said.

    The network, which had more than 15,000 followers on Meta’s platforms, appears to have had some financial resources behind it. In one instance, the people behind the accounts called for protests in Budapest against George Soros, the billionaire philanthropist and frequent target of right-wing groups, and posted on Twitter an offer to pay people to attend. The accounts also offered to pay freelance writers to contribute to at least one of its websites.

    The accounts were awash with pro-China commentary, including “warnings against boycotting the 2022 Beijing Olympics; allegations of US foreign policy in Africa,” and “claims of comfortable living conditions for Uyghurs in China,” Meta said in its report. The fake accounts also posted “negative commentary about Uyghur activists and critics of the Chinese state,” it said.

    Meta did not link the network to the Chinese government, instead saying it found links to individuals in China associated with a technology company. CNN has reached out to the company for comment. Meta regularly takes down covert influence campaigns and discloses information about them in quarterly reports.

    The takedowns “signal a shift in the nature” of China-based influence networks, as Chinese operatives embrace new tactics like setting up a front company, hiring freelance writers around the world and offering to recruit protesters, Ben Nimmo, Meta’s global threat intelligence lead, told reporters on Tuesday.

    While the networks are generally small and have struggled to build an audience, “they are experimenting with diverse tactics and that’s always something we want to keep an eye on,” Nimmo said. 

    The tactics are similar to those used by Russian operatives during the 2016 US presidential election campaign. Using fake personas and posing as representatives of US political and activist organizations, Russians successfully recruited unwitting Americans to take part in political stunts.

    Chinese operatives have in recent years “evolved their posture” from being concerned about being caught influencing US elections to seeing influence operations as another tool to project power, a US official told CNN.

    “We’re keeping a close eye” on the Chinese influence operations heading into the 2024 election, the official said.

    Indictments from special counsel Robert Mueller’s team in 2018 detailed how disinformation from Russia were designed to exacerbate existing divisions in the United States.

    Ahead of the 2022 US midterm election, FBI officials expressed concern that Chinese operatives appeared to be engaging in “Russian-style influence activities” that stoke American divisions. Russian and Chinese government-affiliated operatives and organizations both promoted misinformation about the integrity of American elections that originated in the US during the midterm election season, FBI officials have said. 

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  • Blinken says US is ‘working to put some stability’ into relationship with China | CNN Politics

    Blinken says US is ‘working to put some stability’ into relationship with China | CNN Politics

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    CNN
     — 

    US Secretary of State Antony Blinken told CNN that the US is attempting to strengthen “lines of communication” with China to avoid conflict between the two superpowers.

    “We are working to put some stability into the relationship, to put a floor under the relationship, to make sure that the competition that we’re in doesn’t veer into conflict,” Blinken told CNN’s Fareed Zakaria in an interview that aired Sunday. A conflict, the secretary added, “would not be in our interest, their interest, or anyone else’s.”

    Blinken, who was speaking on the sidelines of the Aspen Security Forum in Colorado, made a highly anticipated trip to China last month, becoming the first secretary of state to travel to the country in five years and the most senior US official to make such a mission since President Joe Biden took office in 2021. His visit was followed by similar trips by other high-level Biden administration officials, including Treasury Secretary Janet Yellen and US climate envoy John Kerry.

    “We weren’t doing a lot of talking before. Now we are. We have different groups that are engaged, or about to engage, on discrete issues … that are problems … in the relationship where I believe we can, I think, get to a resolution,” Blinken said. “Now these are early days. The proof will be in the results.”

    After days of talks with senior Chinese officials in Beijing, Blinken touted that “progress” had been made toward steering relations back on track.

    The two global powers have been increasingly at loggerheads over a host of issues ranging from Beijing’s close ties with Moscow to American efforts to limit the sale of advanced technologies to China.

    Earlier this year, a Chinese surveillance balloon that was detected floating across the US and hovering over sensitive military sites before ultimately being shot down by an American fighter plane sent relations plunging to a new low and resulted in Blinken scrapping an earlier Beijing visit.

    “I was very clear with my Chinese counterparts,” Blinken told Zakaria, referring to his trip last month. “We will continue to do and say things that China will not like just as they’re going to continue to do and say things we won’t like.”

    “The test for us is whether we can manage our way through that, to make sure that we sustain these lines of communication, that we continue to talk, and that we work on, as I said, both dealing with the differences and seeing if we can cooperate,” the secretary said.

    CNN previously reported that one of the key issues that did not get resolved during Blinken’s trip was the restoration of military-to-military communications between US and China. Contacts between the countries’ top military officials remain frozen, and Chinese Defense Minister Li Shangfu continues to be under US sanction dating back to 2018 over the purchase of Russian weapons by China’s Equipment Development Department, which Li was in charge of at the time.

    Asked by Zakaria whether the US should lift the penalty to alleviate tensions, Blinken said, “Those sanctions don’t prevent the minister from engaging or us engaging with him,” adding that “it is a political decision, in effect, for China to decide whether or not he should be engaging.”

    China rejected a meeting between US Defense Secretary Lloyd Austin and Shangfu during a security forum in Singapore earlier this year, although the two did speak briefly.

    “We’ve made very clear that we think it’s a responsibility to have these military-to-military contacts, to have this dialogue, especially to avoid any miscalculations, any misperceptions of what we’re each doing,” Blinken said. “So, we’ll see where China comes out on this.”

    On the Ukraine front, Blinken told Zakaria that Russia has “already lost” the war “in terms of what Russia sought to achieve and what (Vladimir) Putin sought to achieve.”

    “The objective was to erase Ukraine from the map, to eliminate its independence, its sovereignty, to subsume it into Russia. That failed a long time ago,” the secretary said.

    Blinken acknowledged that Ukraine’s mission to regain territory captured by Moscow would be “a very hard fight.” He predicted that the counteroffensive against Russia would continue for “several months.”

    However, he said, along with the aid, military equipment and training Ukraine is receiving from various countries, Kyiv’s cause represents “the decisive element.”

    “Unlike the Russians, Ukrainians are fighting for their land, for their future, for their country, for their freedom,” Blinken said.

    CORRECTION: This story has been updated to reflect that Blinken’s prediction about a conflict continuing for “several months” was a reference to the Ukrainian counteroffensive.

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  • Apple got rich in China. Other Asian markets offer the next ‘golden opportunity’ | CNN Business

    Apple got rich in China. Other Asian markets offer the next ‘golden opportunity’ | CNN Business

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    Hong Kong
    CNN
     — 

    Apple launched an online store in Vietnam this week, in another nod to the growing importance of emerging markets for the iPhone maker.

    The opening on Thursday, which followed the high-profile launch of its first physical shops in India, means consumers in the fast-growing Southeast Asian economy will be able to buy any Apple product directly for the first time.

    Markets like Vietnam, India and Indonesia are becoming more important for Apple as its growth in developed markets, including China, slows down, prompting the company to focus on places where it’s traditionally been less active.

    For decades, China was central to Apple’s extraordinary ascent to become the most valuable company on Earth, serving as a backbone for both its production and consumption. While the country remains key to Apple’s operations, the tech giant is now hedging its bets.

    Apple

    (AAPL)
    CEO Tim Cook has pointed to the company’s prospects in emerging economies, calling them bright spots in the company’s financial results. On an earnings call this month, Cook said he was “particularly pleased” with the performance in these markets during the first three months of the year.

    Apple “achieved all-time records in Mexico, Indonesia, the Philippines, Saudi Arabia, Turkey and the UAE, as well as a number of March quarter records, including in Brazil, Malaysia and India,” he told analysts.

    That came as the California-based giant also reported its second straight drop in overall quarterly revenue, prompting concerns about a broader slowdown in demand amid economic uncertainty.

    “Clearly, growth has slowed globally and thus put more pressure [on Apple] to aggressively go after emerging markets,” said Daniel Ives, managing director of Wedbush Securities.

    Ives predicts that “over the coming years, Indonesia, Malaysia and India will comprise a bigger piece of the pie for Apple, given its efforts in these countries.”

    The start of online sales in a country usually precedes the launch of brick-and-mortar stores for Apple, he told CNN. This was true of India, for instance, which got its first physical outlets last month and a pledge from Cook to further invest in the country.

    Thursday’s launch showed how Apple was “further cementing” its presence in emerging markets, according to Chiew Le Xuan, a research analyst who covers smartphones in Southeast Asia for Canalys.

    He said the tech giant had been “actively increasing” its presence in the region in recent months, ramping up its distribution and network of authorized resellers, especially in Malaysia.

    Apple has ample room to run in these markets.

    Currently, the company only operates its own stores in more developed regional economies, such as Thailand and Singapore, according to Canalys.

    Even Indonesia, a vast archipelago that is the world’s sixth-biggest smartphone market, doesn’t have a physical Apple store yet, said Chiew. Apple’s market share there is tiny, at just 1% in 2022, according to Canalys data.

    “We’re putting efforts in a number of these markets and really see, particularly given our low share and the dynamics of the demographics … a great opportunity for us,” Cook said during Apple’s results call.

    Apple joins a growing list of global businesses that have become bullish on Southeast Asia, where more investment is being poured into manufacturing.

    The region’s consumer base also holds promise, with the number of middle-income and affluent households in economies such as Vietnam, Indonesia, and the Philippines projected to grow by around 5% annually through 2030, according to the Boston Consulting Group.

    The consultancy has called this group of consumers “the next mega-market.”

    The allure of Southeast Asia’s rising middle class “has changed the dynamic in these countries, which previously Apple stayed away from,” according to Ives.

    “This is a golden opportunity for Apple,” he said.

    For years, premium brands like Apple have have struggled to compete in emerging markets because of the price of their products, choosing instead to rely on local resellers.

    iPhones, which cost between $470 and $1,100, are expensive for consumers in less developed Southeast Asian economies, where the bulk of smartphone shipments are priced under $200, according to Chiew.

    He said Apple’s absence from places like Cambodia or Vietnam was typically more apparent around the launch of a new iPhone, as buyers from those countries often flew to Singapore or Malaysia to purchase devices and take them back for resale.

    A view of an Apple store at Marina Bay Sands in Singapore in 2020. Buyers from other Southeast Asian countries without their own Apple stores typically line up outside such outlets to buy devices for resale, according to an analyst.

    This could change in the coming years, particularly as Apple continues to increase its firepower in the region.

    Ives predicted that Apple could “further expand its ecosystem and tentacles to emerging markets using its China playbook,” meaning it could try to hook customers through “various pricing strategies and building out from there.”

    Once those users have converted to Apple’s operating system, iOS, they tend to stick around and become loyal customers, he added.

    This has “been the core part of its success in China that now can be replicated in India, Indonesia, and Vietnam, among others,” said Ives.

    But Apple may face hurdles in Southeast Asia, where several countries have placed stringent requirements on foreign businesses, according to Chiew.

    For example, at least 35% of the components of electronic goods sold in Indonesia must made locally, a threshold Apple has had to meet by working with partners, he added. Similar rules prevented Apple from setting up shop in India for years until the relaxation of regulations in 2019.

    And while consumers are becoming more affluent, the company’s price points are still considered high in many emerging markets, noted Ives. “Growth will be choppy we believe.”

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  • 14 promises Donald Trump has made in his campaign for a second term | CNN Politics

    14 promises Donald Trump has made in his campaign for a second term | CNN Politics

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    CNN
     — 

    Former President Donald Trump has hit the 2024 campaign trail and is giving voters a preview of what a second Trump presidency could look like if he’s elected. He’s made many campaign promises – many of which are often vague and lacking in details or specifics – including ending the war in Ukraine, building 10 new cities and giving drug smugglers the death penalty.

    Here are some of the policies he says he would enact if elected for a second term.

    “The drug cartels are waging war on America—and it’s now time for America to wage war on the cartels,” former President Donald Trump said in a January campaign video.

    If elected, Trump said in his November 2022 campaign announcement that he would ask Congress to ensure that drug smugglers and human traffickers can receive the death penalty for their “heinous acts.” The former president also vowed to “take down” drug cartels by imposing naval embargos on cartels, cutting off cartels’ access to global financial systems and using special forces within the Department of Defense to damage the cartels’ leadership.

    “When I am president, we will put parents back in charge and give them the final say,” Trump said in a January campaign video, speaking about education

    The former president said he would give funding preferences and “favorable treatment” to schools that allow parents to elect principals, abolish teacher tenure for K-12 teachers, use merit pay to incentivize quality teaching and cut the number of school administrators, such as those overseeing diversity, equity and inclusion initiatives.

    Trump also said in the campaign video that he would cut funding for schools that teach critical race theory and gender ideology. In a later speech, Trump said he would bring back the 1776 Commission, which was launched in his previous administration to “teach our values and promote our history and our traditions to our children.”

    Lastly, the former president said he would charge the Department of Justice and the Department of Education with investigating civil rights violations of race-based discrimination in schools while also removing “Marxists” from the Department of Education. A second Trump administration would pursue violations in schools of both the Constitution’s Establishment and Free Exercise clauses, which prohibit the government establishment of religion and protect a citizen’s right to practice their own religion, he said.

    “I will revoke every Biden policy promoting the chemical castration and sexual mutilation of our youth and ask Congress to send me a bill prohibiting child sexual mutilation in all 50 states,” Trump said at the 2023 Conservative Political Action Conference in March.

    Trump added in a campaign video that he would issue an executive order instructing federal agencies to cut programs that promote gender transitions, as well as asking Congress to stop the use of federal dollars to promote and pay for gender-affirming procedures. The former president added that his administration would not allow hospitals and healthcare providers to meet the federal health and safety standards for Medicaid and Medicare if they provide chemical or physical gender-affirming care to youth.

    Trump said in two February campaign videos that, if “Marxist” prosecutors refuse to charge crimes and surrender “our cities to violent criminals,” he “will not hesitate to send in federal law enforcement to restore peace and public safety.”

    Trump added that he would instruct the Department of Justice to open civil rights investigations into “radical left” prosecutors’ offices that engaged in racial enforcement of the law, encourage Congress to use their legal authority over Washington, DC, to restore “law and order” and overhaul federal standards of disciplining minors to address rising crimes like carjackings.

    Addressing policies made in what Trump calls the “Democrats’ war on police,” the former president vowed in a campaign video that he would pass a “record investment” to hire and retrain police, strengthen protections like qualified immunity, increase penalties for assaulting law enforcement officers and deploy the National Guard when local law enforcement “refuses to act.” The former president added that he would require law enforcement agencies that receive money from his funding investment or the Department of Justice to use “proven common sense” measures such as stop-and-frisk.

    “Shortly after I win the presidency, I will have the horrible war between Russia and Ukraine settled,” Trump said at a New Hampshire campaign event, adding in another speech that it would take him “no longer than one day” to settle the war if elected. Trump offered no details on how he would end the war in Ukraine.

    Trump further addressed his strategy of stopping the “never-ending wars” by vowing to remove warmongers, frauds and “failures in the senior ranks of our government,” and replace them with national security officials who would defend America’s interests. The former president added in a campaign video that he would stop lobbyists and government contractors from pushing senior military officials towards war.

    Trump said he would restore his “wonderful” travel ban on individuals from several majority-Muslim countries to “keep radical Islamic terrorists out of our country” after President Joe Biden overturned the ban in 2021.

    Trump said in multiple campaign videos that he would spearhead an effort to build Freedom Cities to “reopen the frontier, reignite American imagination, and give hundreds of thousands of young people and other people, all hardworking families, a new shot at home ownership and in fact, the American Dream.”

    In his plan, the federal government would charter 10 new cities on federal land, awarding them to areas with the best development proposals. The former president said in a campaign video that the Freedom Cities would bring the return of US manufacturing, economic opportunity, new industries and affordable living.

    In the March video, Trump added that the US under a second Trump administration would lead in efforts to “develop vertical-takeoff-and-landing vehicles for families and individuals,” not letting China lead “this revolution in air mobility.” The former president said these airborne vehicles would change commerce and bring wealth into rural communities.

    “When I am president, this whole rotten system of censorship and information control will be ripped out of the system at large. There won’t be anything left,” Trump said in a January video.

    To address the “disturbing” relationship between technology platforms and the government, the former president said he would enact a seven-year cooling off period before employees at agencies such as the FBI or CIA can work for platforms that oversee mass user data.

    Trump added in multiple campaign releases that he would task the Department of Justice with investigating and prosecuting the online censorship “regime,” ban federal agencies from “colluding” to censor citizens, fire bureaucrats who are believed to engage in federal censorship and suspend federal money to universities participating in “censorship-supporting activities.”

    On false information, the president would ban the use of taxpayer dollars to label any domestic speech as mis- or disinformation, as well as stopping federal funding of nonprofits and academic programs that study mis- or disinformation.

    Under the proposed Trump Reciprocal Trade Act, the former president said if other countries impose tariffs in the US, “we charge THEM – an eye for an eye, a tariff for a tariff, same exact amount.”

    Trump vowed in a campaign video to impose the same tariffs that other countries may impose on the US on those countries. The goal, the former president said, is to get other countries to drop their tariffs.

    As part of a larger strategy to bring jobs back into the US, Trump said he would also implement his America First trade agenda if elected. Setting universal baseline tariffs on a majority of foreign goods, the former president said Americans would see taxes decrease as tariffs increase. His proposal also includes a four-year plan to phase out all Chinese imports of essential goods, as well as stopping China from buying up America and stopping the investment of US companies in China.

    “With victory, we will again build the greatest economy ever,” Trump said in his November campaign announcement. “It will take place quickly. We will build the greatest economy ever,” though he didn’t provide specific policy proposals or explain how he would improve the economy.

    Trump said he would repeal Biden’s tax hikes, “immediately tackle” inflation and end what he called Biden’s “war” on American energy production.

    At CPAC, Trump promised to, “fire the unelected bureaucrats and shadow forces who have weaponized our justice system like it has never been weaponized before…” Trump also said in a campaign video that he would reinstate a 2020 executive order to remove “rogue” bureaucrats and propose a constitutional amendment for term limits on members of Congress.

    Trump also pledged to “appoint US Attorneys who will be the polar opposite of the Soros District Attorneys and others that are being appointed throughout the United States.” The former president added on to this message, vowing to end the “reign” of such investigations and district attorneys and overhaul the Department of Justice and the FBI.

    “I will take Biden’s executive order directing the federal government to target the firearms industry, and I will rip it up and throw it out on day one,” Trump said at the 2023 National Rifle Association Institute for Legislative Action leadership forum in April.

    The former president also promised in the speech that the government would not infringe on citizens’ Second Amendment rights and that he would push Congress to pass a concealed carry reciprocity.

    “I will create a special team to rapidly review every action taken by federal agencies under Biden’s ‘equity’ agenda that will need to be reversed. We will reverse almost all of them,” Trump said in a campaign video.

    Trump added in multiple campaign videos that he would revoke Biden’s equity executive order that required federal agencies to deliver equitable outcomes in policy and conduct equity training. If elected, Trump said he would also fire staffers hired to implement Biden’s policy, and then reinstate his 2020 executive order banning racial and sexual stereotyping in the federal government.

    “When I’m president, I will ensure that America’s future remains firmly in American hands just as I did when I was president before,” Trump said in a campaign video.

    Trump vowed to restrict Chinese ownership of US infrastructure such as energy, technology, telecommunications and natural resources. The former president also said he would force the Chinese to sell current holdings that may put national security at risk. “Economic security is national security,” he said.

    Trump vowed in a June campaign video to reinstate his previous executive order that the US government would pay the same price for pharmaceuticals as other developed countries to “end this global freeloading on American consumers for once and for all.”

    Some of the former presidents’ pharmaceutical policies were overturned by Biden. Trump said in the video his administration would pay the best prices offered to other countries, who he said often pay lower pharmaceutical prices than Americans. This policy, Trump believes, would cause the pharmaceutical industry to raise prices for other countries while lowering costs for Americans.

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  • TikTok is owned by a Chinese company. So why doesn’t it exist there? | CNN Business

    TikTok is owned by a Chinese company. So why doesn’t it exist there? | CNN Business

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    Beijing
    CNN
     — 

    TikTok is fighting to stay alive in the United States as pressure builds in Washington to ban the app if its Chinese owners don’t sell the company.

    But the wildly popular platform, developed with homegrown Chinese technology, isn’t accessible in China. In fact, it’s never existed there. Instead, there’s a different version of TikTok — a sister app called Douyin.

    Both are owned by Beijing-based parent company ByteDance, but Douyin launched before TikTok and became a viral sensation in China. Its powerful algorithm became the foundation for TikTok and is key to its global success.

    But the two platforms, similar on the surface, play by starkly different rules.

    Here’s what you need to know about Douyin and ByteDance:

    Douyin has a whopping 600 million users a day. Like TikTok, it’s a short-form video app.

    Launched in 2016, Douyin was the major money spinner for ByteDance years before TikTok, raking in revenue through in-app tipping and livestreaming.

    ByteDance was founded by Zhang Yiming, a former Microsoft employee, and first became known for its news app Jinri Toutiao or “Today’s Headlines,” which debuted in 2012 soon after the company was founded.

    Toutiao created customized news feeds for each user. People quickly got hooked, with users averaging more than 70 minutes a day on the platform.

    ByteDance applied a similar formula to Douyin.

    Then in 2017, the privately-owned tech company bought a US-based video startup and released TikTok as the overseas version of Douyin. It also bought popular lip syncing app musical.ly, and moved those users onto TikTok in 2018.

    The app’s popularity has since gone global. In 2021, TikTok reached more than 1 billion monthly active users around the world.

    The TikTok and Douyin interfaces look similar, but when users turn on their cameras, one difference becomes clear: Douyin has an automatic beauty filter, which smooths out skin and often changes the shape of a person’s face.

    CNN's Selina Wang takes a photo using TikTok (left) and Douyin (right). Douyin applies an automatic beauty filter.

    Women in China have long faced huge pressure to conform to beauty standards that emphasize a slim figure, large eyes, dewy skin and high cheekbones.

    There is surging demand for plastic surgery. Between 2014 and 2017, the number of people getting plastic surgery in China more than doubled. Meanwhile, beauty apps compete to create filters that show users more beautiful versions of themselves.

    While TikTok also has beauty filters, users can select them when filming. They do not launch automatically.

    A Douyin livestreamer with product details displayed on screen.

    Another major difference between TikTok and Douyin is China’s massive online shopping market.

    Livestreaming sales of products is a multibillion-dollar industry in mainland China, and was given a major boost during the pandemic.

    As of June last year, there were more than 460 million livestreaming e-commerce users in mainland China, according to the Academy of China Council for the Promotion of International Trade, a body affiliated with Beijing’s commerce ministry.

    Douyin is a major platform for livestreamers, along with Taobao, Alibaba’s

    (BABA)
    eBay-like online marketplace.

    A fitness livestreamer on Douyin with products displayed on-screen.

    I
    n-app shopping is made easy: Products and discounts are displayed on-screen during livestreams, with purchases just a swipe or a click away.

    China has one of the world’s strictest censorship regimes, and Douyin must follow the rules.

    Internet watchdogs crack down regularly on online dissent and block politically sensitive information.

    When CNN searched “Tiananmen 1989” in Douyin, nothing came up.

    The Tiananmen massacre, in which Chinese troops cracked down brutally on pro-democracy protesters in Beijing, has been wiped from China’s history books. Any discussion of the event is strictly censored and controlled.

    When CNN searched the same phrase in TikTok, it yielded many results including videos of users talking about what happened and a brief Wikipedia blurb summarizing the event.

    Results are shown when

    “It’s so interesting to see this contradiction in this one company [ByteDance] with these two faces,” said Duncan Clark, chairman and founder of investment advisory BDA China.

    Another key difference: Douyin takes a much stricter line on younger users.

    Users under 14 can access only child-safe content and use the app for just 40 minutes a day and. They can’t use the app from 10 p.m. to 6 a.m.

    Douyin has restrictions in place for users under 14 years old.

    For years, China has tried to curb video game addiction and other unhealthy online habits. It announced a curfew for online gaming for minors in 2019, before outright banning online gaming during weekdays for minors.

    Even on most weekends, users under 18 are only allowed to play for three hours.

    “There’s been very much a laissez-faire attitude in the US towards content, even content targeting teenagers and vulnerable people,” said Clark. “The Chinese government has been much more leaning into regulation at early stages in the growth of Douyin, particularly protecting younger people.”

    TikTok took some similar steps earlier this month, announcing that every user under 18 will soon have their accounts default to a one-hour daily screen time limit, though teenage users will be able to turn off this new default setting.

    The download page for the TikTok app displayed on an Apple iPhone.

    TikTok is not the only Chinese-owned platform finding viral success in the United States.

    Of the top 10 most popular free apps on Apple’s

    (AAPL)
    US app store, four were developed with Chinese technology.

    Besides TikTok, there’s also shopping app Temu, fast fashion retailer Shein and video editing app CapCut, which is also owned by ByteDance.

    TikTok remains hugely popular in the United States, with more than 150 million monthly users — almost half of the country’s population.

    It remains to be seen whether TikTok can convince US lawmakers that it poses no threat — but the showdown in Washington has highlighted larger questions about security and data privacy that could see other apps come under fire.

    These apps could be next, said Clark. He said the US needs a “more sophisticated framework for regulating the big tech companies,” given the number of US investors and users on foreign platforms.

    “They need to also think about how high they’re gonna raise the bar for Chinese investment in the US, and the consequences of completely excluding four of the top ten apps,” said Clark.

    “What’s gonna replace them? And how is that going to play out? And how is that equitable to the investors in those apps versus US players?” he added. “It’s a mess.”

    — CNN’s Riley Zhang contributed reporting.

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  • Japan joins the US and Europe in chipmaking curbs on China | CNN Business

    Japan joins the US and Europe in chipmaking curbs on China | CNN Business

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    Hong Kong/Tokyo
    CNN
     — 

    Japan will restrict the overseas sale of chip manufacturing equipment, joining the United States and the Netherlands in curbing the export of key technology to China.

    The country announced Friday it would tighten exports of 23 types of advanced semiconductor manufacturing equipment.

    The rules will take effect in July, according to Japan’s minister of economy, trade and industry, Yasutoshi Nishimura.

    The ministry said it would require stricter procedures to export to about 160 destinations such as China, while 42 territories — including the United States, South Korea and Taiwan — are recognized by Japan as having adequate export controls in place.

    All exports to countries not formally recognized will now require approval from the Japanese trade ministry, it added.

    At a press conference, Nishimura said the new measures were aimed at preventing the equipment from being diverted for military use.

    “We will fulfill our responsibilities in the international community as a technology-owning country and contribute to maintaining international peace and security,” he told reporters.

    The restrictions are not aimed at a specific country, the trade ministry told CNN on Friday.

    But they follow a series of curbs enacted in recent months to clamp down on sales of chipmaking equipment to China as part of a coordinated international effort led by Washington.

    In October, the United States banned Chinese companies from buying advanced chips and chipmaking equipment without a license. It also restricted the ability of American citizens to provide support for the development or production of chips at certain facilities in China.

    Earlier this month, the Netherlands also unveiled new restrictions on overseas sales of semiconductor technology, citing the need to protect national security.

    Japan has been involved in three-way discussions with both countries, a source familiar with the talks previously told CNN.

    China has strongly criticized restrictions on tech exports, saying earlier this month that it “firmly opposes” such measures.

    Mao Ning, a Chinese foreign ministry spokesperson, also hit back at the latest move from Japan.

    “Weaponizing economic, trade and technology issues to deliberately destabilize the global industry chain will only harm others and harm oneself,” she said at a Friday news briefing.

    Japan is home to several chipmaking equipment producers, including Nikon

    (NINOY)
    and Tokyo Electron. The companies’ shares in Tokyo were little changed on Friday.

    Nikon and Tokyo Electron declined to comment.

    In recent reports to clients, Jefferies analysts had assessed the potential consequences of Japanese export controls to China, noting that Nikon did “not anticipate a major impact.”

    For Tokyo Electron, the tightening is also “unlikely to have much additional impact as long as they do not go further than the US sanctions,” they added.

    — Mengchen Zhang contributed to this report.

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  • LinkedIn to cut 716 jobs and shut its China app amid ‘challenging’ economic climate | CNN Business

    LinkedIn to cut 716 jobs and shut its China app amid ‘challenging’ economic climate | CNN Business

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    Hong Kong
    CNN
     — 

    LinkedIn, the world’s largest social media platform for professionals, is cutting 716 positions and shutting down its jobs app in mainland China, the California-based company announced.

    The decision was made amid shifts in customer behavior and slower revenue growth, CEO Ryan Roslansky said Monday in a letter to employees.

    “As we guide LinkedIn through this rapidly changing landscape, we are making changes to our Global Business Organization and our China strategy that will result in a reduction of roles for 716 employees,” he said.

    LinkedIn, owned by Microsoft

    (MSFT)
    , has joined a slew of US tech companies that have made significant job cuts this year. Meta announced in March an additional 10,000 layoffs on top of mass layoffs announced in 2022. Amazon also said during the same month it would eliminate 9,000 positions, on the heels of the 18,000 roles the company announced it was cutting in January.

    “As we plan for [the fiscal year of 2024], we’re expecting the macro environment to remain challenging,” Roslansky said. “We will continue to manage our expenses as we invest in strategic growth areas.”

    As part of the move, LinkedIn will phase out InCareer, its app for mainland China, by August 9.

    Roslansky cited “fierce competition” and “a challenging macroeconomic climate” as the reason for the shutdown.

    LinkedIn will retain some presence in China, including providing services for companies operating there to hire and train employees outside the country, according to a company spokesperson.

    LinkedIn is the last major Western social media app still operating in mainland China. Twitter, Facebook and Youtube have been banned in the country for more than a decade. Google left in early 2010.

    LinkedIn first entered China in 2014 by launching a localized version of its main app. But its moves to censor posts in the country, in accordance with Chinese laws, came under criticism.

    In March 2021, LinkedIn had to suspend signups in China to ensure it was “in compliance with local law.” A few months later, it replaced that app with InCareer, which was focused solely on job postings, with no social networking features such as sharing or commenting.

    The US social media site has faced tough competition in China. By 2021, it had more than 50 million members in the country, making it the company’s third biggest market after the United States and India. But it lagged behind local competitors such as Maimai.

    Maimai was launched in 2013 and dubbed the Chinese version of LinkedIn. In a few years it surpassed LinkedIn to become the most popular professional networking platform in the country, with 110 million verified members. A major feature that powered its success was that it allowed users to post anonymously in a chat forum.

    The operating environment in China has also become more challenging. Since Xi Jinping took power in 2012, he has tightened control over what can be said online and launched a series of crackdowns on the internet.

    “While we’ve found success in helping Chinese members find jobs and economic opportunity, we have not found that same level of success in the more social aspects of sharing and staying informed,” LinkedIn wrote in an October 2021 blog post. “We’re also facing a significantly more challenging operating environment and greater compliance requirements in China.”

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  • Chinese police detain man for allegedly using ChatGPT to spread rumors online | CNN Business

    Chinese police detain man for allegedly using ChatGPT to spread rumors online | CNN Business

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    Hong Kong
    CNN
     — 

    Police in China have detained a man they say used ChatGPT to create fake news and spread it online, in what state media has called the country’s first criminal case related to the AI chatbot.

    According to a statement from police in the northwest province of Gansu, the suspect allegedly used ChatGPT to generate a bogus report about a train crash, which he then posted online for profit. The article received about 15,000 views, the police said in Sunday’s statement.

    ChatGPT, developed by Microsoft

    (MSFT)
    -backed OpenAI, is banned in China, though internet users can use virtual private networks (VPN) to access it.

    Train crashes have been a sensitive issue in China since 2011, when authorities faced pressure to explain why state media had failed to provide timely updates on a bullet train collision in the city of Wenzhou that resulted in 40 deaths.

    Gansu authorities said the suspect, surnamed Hong, was questioned in the city of Dongguan in southern Guangdong province on May 5.

    “Hong used modern technology to fabricate false information, spreading it on the internet, which was widely disseminated,” the Gansu police said in the statement.

    “His behavior amounted to picking quarrels and provoking trouble,” they added, explaining the offense that Hong was accused of committing.

    Police said the arrest was the first in Gansu since China’s Cyberspace Administration enacted new regulations in January to rein in the use of deep fakes. State broadcaster CGTN says it was the country’s first arrest of a person accused of using ChatGPT to fabricate and spread fake news.

    Formally known as deep synthesis, deep fake refers to highly realistic textual and visual content generated by artificial intelligence.

    The new legislation bars users from generating deep fake content on topics already prohibited by existing laws on China’s heavily censored internet. It also outlines take down procedures for content considered false or harmful.

    The arrest also came amid a 100-day campaign launched by the internet branch of the Ministry of Public Security in March to crack down on the spread of internet rumors.

    Since the beginning of the year, Chinese internet giants such as Baidu

    (BIDU)
    and Alibaba

    (BABA)
    have sought to catch up with OpenAI, launching their own versions of the ChatGPT service.

    Baidu unveiled “Wenxin Yiyan” or “ERNIE Bot” in March. Two months later, Alibaba launched “Tongyi Qianwen,” which roughly translates as seeking truth by asking a thousand questions.

    In draft guidelines issued last month to solicit public feedback, China’s cyberspace regulator said generative AI services would be required to undergo security reviews before they can operate.

    Service providers will also be required to verify users’ real identities, as well as providing details about the scale and type of data they use, their basic algorithms and other technical information.

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