Tag: Politics and Government

How China’s Property Crisis Is Testing Its Too-Big-to-Fail Banks

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China’s giant banking system, the world’s largest, is heavily exposed to the real estate crisis: Nearly 40 percent of all bank loans are related to property. And pressure is building on those banks as dozens of real estate developers have defaulted or missed payments on overseas bonds, led by China Evergrande, the world’s most indebted developer. The scale of China’s property problems — enormous levels of debt, an oversupply of apartments and consumers increasingly wary of buying — means the government could be forced in the coming years to spend…

Gifts, Gadgets and Greece: Inside a Huawei Lobbying Campaign

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In November 2020, executives at Huawei, the Chinese telecom-equipment maker, exchanged messages about holding a meeting with a “friend” and an “adviser” in Greece. The contacts, identified as Greek government advisers, were set to provide Huawei with something valuable: a document outlining government contracts and “first priority projects” that the company might want to work on in the country. Huawei managers discussed giving the advisers a Huawei Mate XS smartphone, the company’s GT 2 smartwatch and wine, according to internal text messages and other documents reviewed by The New York…

Behind China-U.S. Tensions Are Misunderstandings, Author Says.

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This article is from a special report on the Athens Democracy Forum in association with The New York Times. Keyu Jin was a 14-year-old schoolgirl in Beijing when she transferred as an exchange student to New York. She moved in with an American host family, and attended Horace Mann, a private high school in the Bronx. She was accepted to Harvard University, where she picked up economics degrees, including a Ph.D., and is now an associate professor at the London School of Economics. Steeped in the two cultures — she…

A Chinese Journalist Gave #MeToo Victims a Voice. Now She’s on Trial.

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After two years in detention, a Chinese journalist who spoke up against sexual harassment stood trial on subversion charges on Friday along with a labor rights activist, the latest example of Beijing’s intensified crackdown on civil society. Huang Xueqin, an independent journalist who was once a prominent voice in China’s #MeToo movement, and her friend Wang Jianbing, the activist, were taken away by the police in September 2021 and later charged with inciting subversion of state power. Their trial was held at the Guangzhou Intermediate People’s Court in southern China.…

Syria’s Leader, al-Assad, Visits China in Search of Friends and Funds

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The News President Bashar al-Assad of Syria arrived in China on Thursday as he sought financial support to rebuild his country and to improve his international standing after being ostracized over atrocities committed during Syria’s ongoing civil war. His visit takes place as China seeks to present itself as a powerful influence in the Middle East, and a partner to nations that are shunned by the United States and the West. He is expected to meet with China’s top leader, Xi Jinping. Background Mr. al-Assad’s trip is his first visit…

Hong Kong Says It Calls the Shots, Not Beijing. Investors Are Wary.

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Isolated from the world and pulled closer into Beijing’s orbit over the past three years, Hong Kong is finding that its fortunes are tied more than ever to China. The city’s stock market, which is seen as a proxy for China’s economy, is among the world’s worst performing this year. The rivers of money that flowed into companies, minting new wealth, have slowed to a trickle. And there is the gnawing feeling that the once-vibrant international city that staked its reputation on being separate from China has itself become more…

China Flies Record Number of Military Planes Near Taiwan

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The News China sent a record number of military aircraft toward the self-governed island democracy of Taiwan, prompting the island’s defense ministry on Monday to warn against what it called “destructive” harassment. The previous daily record of Chinese military flights near Taiwan was 91 planes, on April 10. Taiwan said it tracked 103 People’s Liberation Army aircraft entering its air defense identification zone in the 24 hours leading up to Monday morning. None entered Taiwan’s airspace. That tally included 40 aircraft that crossed the median line in the Taiwan Strait,…

China Is Investigating Its Defense Minister, U.S. Officials Say

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China’s defense minister, Gen. Li Shangfu, has been placed under investigation, according to two U.S. officials, fueling speculation about further upheaval in the military after the abrupt removal of two top commanders in charge of the country’s nuclear force. General Li has not been seen in public in more than two weeks. He had been expected to take part in a meeting last week in Vietnam, but there was no word of his attendance. Asked by reporters on Friday about General Li’s whereabouts, Mao Ning, a spokeswoman for the Chinese…

European Union Will Investigate Chinese Subsidies of Electric Cars

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The European Union will begin an investigation into Chinese subsidies of electric vehicles, the bloc’s top official announced Wednesday, in a move that highlights Europe’s growing industrial and geopolitical competition with China. Chinese automakers have gained a dominant position in the world’s electric vehicles industry and see Europe as a big potential market. Automakers in Europe, who are racing to expand their battery-powered lineups, have expressed concern that they face tough competition against low-priced models from China. Ursula von der Leyen, the president of the European Commission, announced the initiative…

U.K.’s Arrest of Suspected Spy Fuels Calls for Tougher Stance on China

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Even by the prolific standards of China’s foreign influence operations, it would represent a sensational case of infiltration. A 28-year-old British man who worked as a researcher deep inside Britain’s Parliament was arrested in March on suspicion of working for the Chinese government. The man, who denies being a spy, worked with prominent lawmakers on China policy, raising fears of possible security breaches and widening a rift within the governing Conservative Party over how London should engage with an increasingly assertive Beijing. “The Chinese are infiltrating across the board; they…