Day: October 27, 2023

In a statement on Sunday, Foxconn said its “fundamental principle is to comply with the law everywhere it operates in the world” and it would “actively cooperate with relevant units on the related work and operations”. In fact, Zhu seemed to suggest in the briefing that there was a political factor to the probe, saying that Beijing expected Taiwanese companies to play a “positive role” while operating on the mainland. 03:06 Foxconn founder Terry Guo picks Netflix actress Tammy Lai as running mate in Taiwan presidential bid Foxconn founder Terry…

But it was another 10 hours before Beijing released an official obituary. Published by Xinhua around 6.30pm, the document was signed by the ruling Communist Party leadership, who praised Li’s contribution to the party and state. China’s Communist Party mourns Li Keqiang’s death, praises achievements Chen Daoyin, a political commentator and former professor at Shanghai University of Political Science and Law, said Beijing seemed underprepared in its messaging. “I think Li’s death was a total surprise to Beijing’s top leaders, as the state media obviously did not prepare his full…

Some of China’s most indebted provinces and municipalities appear to be facing their moment of reckoning. With governments in such regions having yet to devise clear plans to restructure or reduce debt, investment and economic growth are already sputtering. Tianjin, one of China’s four municipalities directly under the administration of the central government, saw its fixed-asset investment slump by more than 20 per cent in the first three quarters of 2023, year on year, bringing its gross domestic product (GDP) growth – 4.6 per cent in that period – below…

“I would just say on our side at least, we are working together towards that goal and making preparations on our side,” she said. During the “candid and in-depth” talks between Blinken and Wang, which totaled more than six hours, Blinken underscored the need to resume military-to-military channels, according to another senior Biden administration official on the call. Such military communications had been largely frozen since then House Speaker Nancy Pelosi visited the self-ruled island Taiwan last August. China’s dismissal of former Defence Minister Li Shangfu earlier this week might…