Day: October 2, 2022

Chinese #MeToo Case Settled in U.S. Court

Chin@Strategy

The Chinese billionaire entrepreneur Richard Liu has reached a settlement with Liu Jingyao, a former University of Minnesota student who accused him of rape in a Minneapolis apartment after a night out in 2018, in a case that has riveted China and been held up as a landmark episode in China’s struggling #MeToo movement. The agreement, which was announced in a joint statement late Saturday, came just two days before a civil trial was to begin in a Minneapolis courtroom. Lawyers from both parties said Mr. Liu and Ms. Liu,…

Your Monday Briefing: Indonesia’s Stadium Tragedy

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An Indonesian stadium tragedy At least 125 people died when soccer fans rushed the field after a professional soccer match in Malang, Indonesia, on Saturday. Many were trampled. The police fired tear gas into the tightly packed crowds, leading to a stampede. Survivors said that the gas was fired indiscriminately into the stands, forcing the overcapacity crowd to rush for the exits. Many are angry at the police response, which observers said had made the situation worse. “If there wasn’t any tear gas shot into the stands, there would have…

Think Putin is a global threat? Then we need to talk about Xi Jinping | Simon Tisdall

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Like fearsome dictators throughout history, Xi Jinping has a tender side. He loves his mum. In a touching puff piece on Mother’s Day this year, state TV showed China’s strongman president strolling hand in hand with 96-year-old Qi Xin, a Communist party veteran and proud mother of the paramount leader. Many mums read fairy stories or sing nursery rhymes to their young children. Not so Qi. She taught five-year-old Xi about Yue Fei, a famously hawkish Southern Song dynasty general who had “Serve the country with utmost loyalty” tattooed on…

China’s zero-Covid pursuit has seen stocks plunge US$5 trillion since 2021, benefiting India

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India’s expanding domestic market means the country can weather a looming global recession better than most other emerging markets, money managers say. In the longer term, China’s decoupling with the US may also pave the way for Indian firms to boost their presence worldwide. 01:38 Panic buying in Chengdu as China locks down another megacity to contain Covid-19 spread China’s “draconian lockdowns continue to impact these supply chains, so the clamour for an alternative has been rapidly gaining favour,” said Nick Payne, a London-based investment manager for global emerging-market equities…