Zhang Shengmin appointed to Communist Party politburo as it moves to tighten discipline and crack down on corruptionFinancial Times
Author: Media Library
Nvidia CEO reportedly targeted by Chinese spy
US intelligence agencies believe the Nvidia chief executive, Jensen Huang, has been targeted by a Chinese spy who had done business with him, according to a new report by the New York Times. Alice Huang or Huang Le, of no relation to the Nvidia CEO, is an executive at a Singapore-based datacenter company called Megaspeed. She had previously been suspected of smuggling Nvidia chips to China, prompting American officials to surveil and monitor her. Those officials have determined that she was acting as a Chinese intelligence asset, passing commercial information…
Volkswagen ‘Must Act Quickly’ After Largest Loss in Over a Decade
Volkswagen said Thursday that it lost more than $6 billion in the latest quarter, the most since 2015, adding urgency to its plans to cut costs as its sales continue to sink in China. The struggling German carmaker, trapped in a dangerous cycle, warned that profit margins were too low to continue investing in the technologies that are crucial to its future. Deliveries in China fell more than 30 percent in the first nine months of the year. “We cannot afford to lose any time and must act quickly and…
BYD’s export surge helps offset sales weakness in China
Electric vehicle maker’s foreign expansion takes on rising importance amid roadblocks in domestic marketFinancial Times
Record number of purges as Xi emphasises ‘party discipline’ at China political gathering
Sixteen of the 33 members expelled are from the military, according to a communique issued on Thursday, which marked the end of the four-day closed-door gathering held at a hotel in Beijing. It’s unclear what specific charges these members face beyond “serious disciplinary and legal violations”. Such broad allegations have become routine under Xi’s anti-corruption campaign. It has now become “an effort to consolidate and maintain authority”, says Chong Ja Ian, a non-resident scholar with Carnegie China. “In this case, the campaign will continue and expand depending on how secure…
Hong Kong’s leader apologises for deadly high-rise fire
The chief executive of Hong Kong, John Lee, has apologised for a massive fire that ripped through an apartment complex last year and killed 168 people. Speaking at a press conference, Lee promised major reforms to government departments to ensure such an incident would not happen again. A report by an independent committee, released by the government at the press conference, found that the fire was caused by “misconduct” by the private sector as well as “decades of failure” by government bodies. The massive blaze at Wang Fuk Court in…
Hong Kong leader apologises for fire that killed 168 people
Tai Po blaze was one of the worst in the territory’s historyFinancial Times
China’s currency goes global
00:00 00:00 1x AI-generated voice South China Morning Post
Hello Kitty company cuts ties with Japanese spy show after China outcry
The company behind the successful Hello Kitty franchise has apologised and ended its commercial tie-up with a Japanese TV drama after Chinese state media and netizens condemned the show’s “deliberate smears” against their country. Sanrio, a Japanese firm whose characters are popular around the world, said in a post on the Chinese social media site Weibo that it had decided to end its association with the Netflix TV drama Vivant after concluding that it “contained elements inconsistent with Sanrio’s core values”. In the second season of the popular spy thriller,…
Hello Kitty maker cuts ties with Japanese spy drama after China backlash
Sanrio, the company behind Hello Kitty, has apologised and ended its merchandise partnership with a controversial Japanese TV show after drawing backlash in China. Vivant, a popular spy thriller, has been widely slammed in Chinese state media and by Chinese social media users for its depiction of Chinese agents using brutal torture tactics on a Japanese operative. The criticism has extended to the internationally beloved Hello Kitty and her friends, including My Melody and Cinnamoroll, who were featured in merchandise dressed as characters from the show. Sanrio said it terminated…