Chinese authorities have banned domestic banks from luring customers with gifts including the hugely popular Labubu dolls, amid fierce competition among lenders as interest rates and profit margins decline. The Zhejiang branch of China’s financial regulator, the National Financial Regulatory Administration, has asked local banks to refrain from offering non-compliant perks to attract deposits, Bloomberg News reported. The new guidance came after Ping An Bank ran a promotion, offering Pop Mart’s Labubu dolls in several cities to new customers who deposit at least 50,000 yuan (£5,162) for three months. The…
Tag: Asia Pacific
The Prosecutor review – Donnie Yen leads mashup of legal drama and action flick
Developed by China’s Supreme People’s Procuratorate and directed by butt-kicking luminary Donnie Yen, The Prosecutor is a bizarre mashup of courtroom procedural and action flick; it is just as keen on lionising due process and the “shining light” of Chinese justice as it is on reducing civic infrastructure to smithereens in several standout bouts. But Yen, who looks undeniably good in a suit, is more convincing on his habitual fisticuff grounds than the jurisprudential ones. Yen plays Fok, a one-time hotshot cop who – leaving the force after some over-zealous…
Chinese tech firms freeze AI tools in crackdown on exam cheats
Big Chinese tech companies appear to have turned off some AI functions to prevent cheating during the country’s highly competitive university entrance exams. More than 13.3 million students are sitting the four-day gaokao exams, which began on Saturday and determine if and where students can secure a limited place at university. This year, students hoping to get some assistance from increasingly advanced AI tools have been stymied. Parents take photos of students entering an exam hall. Photograph: Adek Berry/AFP/Getty Images In screenshots shared online, one Chinese user posted a photo…
Chinese aircraft carrier group enters waters near Japan’s easternmost island for first time
A Chinese aircraft carrier group has entered an area of Japan’s territorial waters for the first time, prompting concern in Tokyo over China’s expanding naval reach. The Liaoning carrier, accompanied by two missile destroyers and a supply ship, entered Japan’s exclusive economic zone (EEZ) on Saturday evening, Japan’s defence ministry said, before exiting to conduct military drills. The chief cabinet secretary, Yoshimasa Hayashi, did not say if the government had lodged a formal protest, saying only that it had “conveyed an appropriate message to the Chinese side”. “We will do…
Jailed Hong Kong democracy activist Joshua Wong hit with new charges
Jailed pro-democracy activist Joshua Wong has been hit with further national security charges, a move rights groups said showed the Hong Kong government was trying to keep dissidents behind bars for as long as possible. Wong, a well-known activist who has been in jail for more than four years either awaiting trial or serving sentences, is accused of conspiracy to collude with a foreign country. He appeared in court on Friday to hear the charge and did not apply for bail. Hong Kong’s national security police said in a statement…
Frequent TikTok users in Taiwan more likely to agree with pro-China narratives, study finds
Taiwanese people who spend large amounts of time on TikTok are more likely to agree with some pro-China narratives, a survey has suggested. The study, conducted by the Taiwan-based DoubleThink Lab, surveyed people across Taiwan in March, asking a series of questions about politics and democracy in Taiwan and China, and their views on unification of the two sides. It found that among the respondents, agreement with criticisms of Taiwan’s domestic issues, and with the prospect of unifying with China, rose as TikTok use increased, before dropping again among the…
Weather tracker: Fierce thunderstorms and big hailstones hit parts of Europe
This week, large parts of Europe have been affected by a series of intense thunderstorms, bringing torrential rain, damaging winds and large hail. Central France was particularly badly affected by the severe weather, as powerful storm systems swept south-westward across the country. The departments of Loire and Puy-de-Dôme were among the hardest hit, experiencing significant damage from a particularly violent supercell thunderstorm that produced hailstones measuring up to 6cm in diameter – larger than ping-pong balls. The storm system also generated flash flooding, strong wind gusts, and reports of a…
‘Total discrimination’: Chinese students facing US visa ban say their lives are in limbo
Chinese students in the United States are questioning their future in the country after the state department announced last week that it would “aggressively” revoke visas for Chinese students and enhance scrutiny of future applications from China and Hong Kong. Chinese students hoping to study at Harvard, the US’s oldest and wealthiest university, are under particular pressure after the Trump administration announced on Wednesday that it was banning the school from enrolling new foreign students. The presidential proclamation cited Harvard’s links with China as a particular cause for concern. For…
Donald Trump to meet Xi Jinping in China after ‘very good’ call on trade
Donald Trump said he had accepted an invitation to meet Xi Jinping in China after a phone conversation on trade was held between the leaders of the world’s two largest economies. In a post on Truth Social, the US president said the “very good” call lasted about 90 minutes and the conversation was “almost entirely focused on trade”. He wrote: “The call lasted approximately one and a half hours, and resulted in a very positive conclusion for both Countries. There should no longer be any questions respecting the complexity of…
World won’t forget Tiananmen Square, US and Taiwan say on 36th anniversary of massacre
The world will never forget the Tiananmen Square massacre, the US secretary of state and Taiwan president have said on the 36th anniversary of the crackdown, which China’s government still tries to erase from domestic memory. There is no official death toll but activists believe hundreds, possibly thousands, were killed by China’s People’s Liberation Army in the streets around Tiananmen Square, Beijing’s central plaza, on 4 June 1989. “Today we commemorate the bravery of the Chinese people who were killed as they tried to exercise their fundamental freedoms, as well…