Tag: International Relations

Volkswagen and BASF Are Reconsidering Ties to Xinjiang, China

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Volkswagen Group is reviewing the future of its joint venture in the Xinjiang region of northwestern China and another German industrial giant is starting to sell its stakes there following new international scrutiny of forced labor by predominantly Muslim ethnic groups. Volkswagen said last week that it was in discussions with one of its main joint venture partners in China, the state-owned Shanghai Automotive Industry Corporation, in the wake of allegations of human rights violations at their joint venture in Xinjiang. The companies are examining “the future direction of the…

How China Broke One Man’s Dreams

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The Daily is made by Rachel Quester, Lynsea Garrison, Clare Toeniskoetter, Paige Cowett, Michael Simon Johnson, Brad Fisher, Chris Wood, Jessica Cheung, Stella Tan, Alexandra Leigh Young, Lisa Chow, Eric Krupke, Marc Georges, Luke Vander Ploeg, M.J. Davis Lin, Dan Powell, Sydney Harper, Mike Benoist, Liz O. Baylen, Asthaa Chaturvedi, Rachelle Bonja, Diana Nguyen, Marion Lozano, Corey Schreppel, Rob Szypko, Elisheba Ittoop, Mooj Zadie, Patricia Willens, Rowan Niemisto, Jody Becker, Rikki Novetsky, John Ketchum, Nina Feldman, Will Reid, Carlos Prieto, Ben Calhoun, Susan Lee, Lexie Diao, Mary Wilson, Alex Stern,…

China’s Investors Are Losing Faith in Its Markets and Economy

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Like many Chinese people, Jacky hoped that he could make enough money investing in China’s stock markets to help pay for an apartment in a big city. But in 2015 he lost $30,000, and in 2021 he lost $80,000. After that, he shut down his trading account and started investing in Chinese funds that track stocks in the United States. It’s a perilous time for investors in China. Their main vehicle, so-called A shares of Chinese companies, fell more than 11 percent in 2023 and have continued their losses this…

Angela Chao, C.E.O. of Foremost Group, Dies in a Car Crash

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Angela Chao, the chief executive of a shipping company and part of a family prominent in American politics and business deals with China, died in a car crash on Sunday, in Texas. She was 50. Her family confirmed her death. Details about the accident were not immediately available. Ms. Chao had since 2018 been the chair and chief executive of the Chao family’s Foremost Group, which operates a global fleet of bulk carrier ships. The vessels are used to transport commodities like iron ore and soybeans. She was a sister…

As China Tries to Present a Friendlier Image, a New Face Emerges

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Faced with declining foreign investment at home, China has sought to soften its image in the United States and Europe and make nice with some of its neighbors. One Communist Party official has played an unusually prominent role in the shift in tone. In New York, he told an audience of scholars and businesspeople that China did not seek to rewrite the United States-led global order. In Paris, he said that China’s modernization would benefit Europe and the world. In Beijing, he told the ambassador of India, a regional rival,…

Two Cases Aim to Cut Off China and Iran From U.S. Technology

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The U.S. government announced charges in two separate cases on Wednesday aimed at enforcing laws blocking the transfer of critical technologies, part of a broader campaign to hamper military efforts and weapons production in rival countries. One of the complaints was against a U.S. citizen born in China who has been arrested and accused of stealing trade secrets from a private company. The technology, according to court documents, “would be dangerous to U.S. national security if obtained by international actors.” A Justice Department complaint filed in U.S. District Court in…

Fear and Ambition Propel Xi’s Nuclear Acceleration

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Nineteen days after taking power as China’s leader, Xi Jinping convened the generals overseeing the country’s nuclear missiles and issued a blunt demand. China had to be ready for possible confrontation with a formidable adversary, he said, signaling that he wanted a more potent nuclear capability to counter the threat. Their force, he told the generals, was a “pillar of our status as a great power.” They must, Mr. Xi said, advance “strategic plans for responding under the most complicated and difficult conditions to military intervention by a powerful enemy,”…

Pigeon Was Cleared of Being a Chinese Spy, but Served 8 Months Anyway

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Suspicion of foreign espionage, cursive messages in ancient Chinese, a sensitive microchip — and a suspect that could not be stopped at the border. Ravindar Patil, the assistant Mumbai police sub-inspector assigned to the case, was scratching his head for answers. But first, he had to find a place to lock up the unusual captive. So he turned to a veterinary hospital in the Indian metropolis, asking it to retrieve a list of “very confidential and necessary” information about the suspect — a black pigeon caught lurking at a port…

India’s Quiet Push to Steal More of China’s iPhone Business

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India is quietly grabbing from China more manufacturing of Apple’s iPhones and other electronics gear. It is happening in South Indian industrial areas on muddy plots that were once farmland. In Sriperumbudur, people call Apple “the customer,” not daring to say the name of a company that prizes its secrets. But some things are too big to hide. Two gigantic dormitory complexes are springing up from the earth. Once finished, each will be a tight block of 13 buildings with 24 rooms per floor around an L-shaped hallway. Every one…

China Meets the U.S. to Discuss Fentanyl, But the Détente Has Limits

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China and the United States are back at the negotiating table. Whether they can agree on much is another matter. In Bangkok, China’s top diplomat last week discussed North Korea and Iran with President Biden’s national security adviser. Days later, in Beijing, officials restarted long-stalled talks on curbing the flow of fentanyl to the United States. And the White House says Mr. Biden plans to speak by phone with China’s leader, Xi Jinping, in the spring. The developments point to a tentative détente struck by Mr. Biden and Mr. Xi…