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WORLD

By Zhao Runhua / May 21, 2019 03:13 PM / World

Photo: VCG

Photo: VCG

Chinese drone-maker DJI Technology has responded to a U.S. government warning that many believe was aimed in its direction.

The Department of Homeland Security said some Chinese-made drones may “contain components that can compromise” users’ data and share information with servers accessible by the Chinese government.

While the department did not mention specific companies, a CNN report linked the warning to DJI, which dominates the North American drone market.

In response, DJI said all data produced, stored, and transmitted by DJI products is “completely” controlled by users in an official statement published by the state-run Global Times on Weibo.

The company said its security standards have been proven "again and again" worldwide, adding that it also offers a setting that allows users to turn off a drone’s internet connection and only store data locally.

"Will all successful Chinese companies face pressure from the U.S.?" the Global Times commented on the statement. "CNN's report makes us concerned with the tolerance level of the U.S."

Related: Engineer Jailed for Leaking Drone Giant DJI’s Code Online

 

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WORLD

By Zhang Qi, Ye Zhanqi and Mo Yelin / May 16, 2019 01:55 PM / World

Photo: VCG

Photo: VCG

The Trump administration has moved to prevent Huawei from doing business with American suppliers, following a similar move last year toward rival ZTE that nearly forced it to temporarily shut down operations.

The U.S. Department of Commerce announced it would add Huawei to its “Entity List” shortly after president Donald Trump signed an executive order that could effectively ban the Chinese company from selling technology in the American market. Being put on the “Entity List” means that U.S. companies would have to obtain special licenses to sell products to Huawei.

In response to Trump’s executive order, China’s Foreign Ministry accused the U.S. government is abusing its power to crack down on Chinese companies. Such measures are “disgraceful and unjust,” a spokesperson for the ministry said Wednesday.

Huawei said it is “willing to engage with the U.S. government and come up with effective measures to ensure product security.”

The Commerce Department’s ban would be in effect until the company is listed in the Federal Register. The department did not specify when that would happen.

See more of our Huawei coverage here.


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By Yu Pei-hua, Xie Wenwen, Zhang Yiou and Jason Tan / May 15, 2019 11:48 AM / World

Why did Malaysia decide to resume a controversial China-run rail project after its new prime minister slammed it as “unnecessary,” coming with “damaging terms,” and bound to saddle the country with huge debt?

Daim Zainuddin, the special envoy to Prime Minister Mahathir Mohamad, spoke to Caixin in an exclusive interview on why the East Coast Rail Link is going forward after all.

Read the full story here.

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By Fran Wang / May 10, 2019 01:20 PM / World

Photo: IC Photo

Photo: IC Photo

Beijing will retaliate against Washington’s raising of tariffs on Chinese imports, the Ministry of Commerce said Friday. 

The U.S. on Friday increased additional tariffs on $200 billion worth of Chinese goods to 25% from 10%, putting an earlier threat by President Donald Trump into practice. The escalation came as high-level bilateral negotiations aimed at resolving the trade dispute were going on in Washington D.C.

“China deeply regrets” the U.S. decision and “will have to take necessary countermeasures,” the ministry said in a statement.

But Beijing still urged Washington to deal with the row through dialogue.

“We hope the U.S. will meet China halfway and make joint effort (with us) to resolve our problems through cooperation and consultations,” the statement said.

The tariff hike took effect midday Beijing time after the U.S. Trade Representative filed paperwork on the previous day to formalize Trump’s earlier threat on Twitter to raise the taxes, in which he criticized bilateral negotiations for moving “too slowly.”

See more of our coverage of China-U.S. trade disputes here

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By Zhang Qi and Zhao Runhua / May 10, 2019 11:21 AM / World

Photo: Caixin

Photo: Caixin

“I came to Washington with sincerity,” Chinese Vice Premier Liu He told reporters after he arrived in the U.S. Thursday for yet another round of trade talks, state-run CCTV reported.

Liu said he hoped to “engage in rational and candid exchanges with the U.S. side” under such “special circumstances.”

Earlier this week, U.S. President Donald Trump threatened to raise tariffs on $200 billion of annual Chinese imports to 25% from 10%. U.S. Trade Representative Robert Lighthizer Wednesday confirmed the tariff increase would begin Friday morning U.S. time.

The vice premier admitting that his delegation’s trip to the U.S. is “under pressure,” said China is showing the “greatest” sincerity to solve related problems with the "best solutions."

Liu said the two economies are in one “industrial chain” that involve each other, and lifting tariffs on China will be harmful to both sides.

Liu had a working dinner with Lighthizer and Treasury Secretary Steven Mnuchin, and will continue related talks Friday morning, the White House said.

Related: China Rejects U.S. ‘Backtracking’ Charge and Urges Dialogue in Trade Dispute

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By Isabelle Li / May 09, 2019 05:44 PM / World

Photo: IC Photo

Photo: IC Photo

China will host a World Trade Organization (WTO) mini-ministerial meeting in Shanghai in early November, Ministry of Commerce spokesperson Gao Feng said Thursday at a regular press conference.

Representatives from different parties will discuss the multilateral trading system and WTO reforms, according to the spokesperson.

Beijing is keen to push for reforms at the WTO, as well as maintain an effective multilateral trading system for what it calls an open world economy, Gao said.

Related: Commerce Ministry Rejects U.S. Allegations of ‘Poor’ WTO Compliance

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By Zhou Chen and Jason Tan / May 09, 2019 12:55 PM / World

Photo: IC Photo

Photo: IC Photo

The legal team of Huawei CFO Meng Wanzhou has argued Meng should be granted stay of extradition proceedings on the basis of statements made by U.S. President Donald Trump that imply her arrest was “politically motivated.”

The argument was made by Meng’s defense lawyers at the British Columbia Supreme Court on Wednesday, where Meng was present for a hearing. The Canadian court granted Meng’s request to move from her current residence to a newly renovated $10 million mansion for “greater privacy,” as she is under house arrest in Canada pending resolution of her extradition case.

In December, Meng was arrested in Vancouver by Canadian authorities on the request of the U.S., which is seeking her extradition on fraud charges.

Meng's lawyers on Wednesday did not say when they would apply for the stay of the extradition hearing. But Meng is set to next appear in court on Sept. 23, when her defense will make more applications for further disclosure of details surrounding her arrest at the airport. The entire extradition process could take years.

Related: Beijing Backs Huawei’s Lawsuit Against U.S. Government

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By Zhao Runhua / May 08, 2019 04:50 PM / World

Photo: IC Photo

Photo: IC Photo

Prepare for takeoff.

Beijing’s much-anticipated new Daxing International Airport will begin flight tests for passenger planes on Monday, according to an official statement.

Air China, China Eastern Airlines and China Southern Airlines will send their flagship Boeing and Airbus planes on tests for what will become the capital’s third airport.

Built to take stress off Beijing Capital International Airport, one of the busiest in the world, the Daxing airport is expected to eventually handle 100 million passengers a year.

Related: Gallery: Beijing’s New Airport Is Nearly Ready for Takeoff

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By Zhao Runhua / May 07, 2019 03:13 PM / World

Chinese Vice Premier Liu He. Photo: VCG

Chinese Vice Premier Liu He. Photo: VCG

Chinese Vice Premier Liu He will travel to the U.S. for trade talks scheduled for May 9 and May 10, at the invitation of U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin, state-run Xinhua News Agency reported Tuesday.

One day earlier, U.S. president Donald Trump threatened China with higher tariffs while claiming China’s attempts to re-negotiate might affect the talks’ progress.

A spokesperson for China’s Ministry of Foreign Affairs later said a Chinese delegation was in preparation to travel to the U.S. for the talks, without specifying any delegates.

Yesterday, China’s stock markets experienced their biggest drop in more than three years, as investors worried about potential new U.S.-China trade tensions and also pocketed gains from a strong bull market at the start of the year.

Related: China Stocks Post Biggest Drop in More Than Three Years

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By Tanner Brown / May 05, 2019 04:13 PM / World

Hoover Tower is seen at Stanford University in Stanford, California, United States on March 13, 2019. More than 40 people, including actresses Lori Loughlin and Felicity Huffman, have been prosecuted in a college admission bribery scheme.

Hoover Tower is seen at Stanford University in Stanford, California, United States on March 13, 2019. More than 40 people, including actresses Lori Loughlin and Felicity Huffman, have been prosecuted in a college admission bribery scheme.

The Chinese family alleged to have paid $6.5 million to get their daughter into Stanford say the financial contribution was a charitable donation and that they are victims in a widening admissions scandal.

Zhao Yusi, the daughter of the chairman of a Chinese pharmaceutical company, is suspected of entering the prestigious school using a fake sports resume. The allegedly fraudulent documents were reportedly procured by the man at the center of the scandal — William “Rick” Singer — who has already pleaded guilty to a number of crimes relating to the dozens of students he fraudulently helped get into elite schools.

No one from Zhao’s family has yet been charged. But 33 other parents have, for allegedly paying $15,000 to $75,000 per student for falsified entrance exams, and $100,000 to $400,000 for athletics-related scams.

If Zhao’s family were indeed complicit in the fraud, the amount they paid would dwarf the amount others had paid.

The only other student caught up in the scandal who allegedly paid over a $1 million is also Chinese. Sherry Guo got into Yale also through Singers’ dealings.

The Guo family claims that language and cultural barriers prevented them from fully realizing the illicit nature of Singers’ activities. No one from Guo’s family has yet been charged with a crime.

Related: How Exam Stress Pushed a Chinese Schoolgirl Into Drug Addiction

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By Jason Tan / Apr 24, 2019 04:49 PM / World

Beijing Daxing International Airport, under construction. Photo: IC

Beijing Daxing International Airport, under construction. Photo: IC

As China’s capital prepares to open its new airport, a swathe of carriers are jostling for rights to operate two highly popular routes, from Beijing to South Korea and to France.

Daxing International will be the world’s largest airport when it opens in September. Seven airlines have applied for the Seoul route, and four for the Paris route, according to China’s civil aviation authority.

The two destinations are popular playgrounds for Chinese tourists, but the routes are also being fought for because China earlier agreed to increase flights to and from the two countries.

Related: Foreign Airlines to Decide if They Want to Land in Beijing’s New Airport

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By Zhao Runhua and Tanner Brown / Apr 22, 2019 03:16 PM / World

Chinese Foreign Minister Wang Yi meets chairman of the African Union Commission, Moussa Faki Mahamat, on Feb. 8, 2018, prior to a meeting in Beijing. Photo: IC

Chinese Foreign Minister Wang Yi meets chairman of the African Union Commission, Moussa Faki Mahamat, on Feb. 8, 2018, prior to a meeting in Beijing. Photo: IC

China Ministry of National Defense has welcomed a delegation of 100 “young military officials” from Africa this week, Xinhua reported, though details were sparse — such as: What counties were they from? And what are their ranks?

The delegation will reportedly visit Chinese military academies, national defense projects, and some high-tech companies. The officials will also participate in talks on Belt and Road projects, China-Africa relationships, and military leadership courses, Xinhua said.

China has drastically increased its financial and troop involvement with U.N. peacekeeping mission in recent years. Most of its boots on the ground are in Africa, including operations in South Sudan, Mali, the Darfur region, the Congo, and the Western Sahara, according to the U.N.

A Chinese spokesperson from the defense ministry said the visit will deepen China and African countries’ collaboration in regional peace-making.

Related: Exclusive: China to Combine Africa, Latin America Investment Funds

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By Teng Jing Xuan / Apr 19, 2019 02:32 PM / World

Photo: IC

Photo: IC

China “regrets” that the World Trade Organization (WTO) has ruled against China in its dispute with the U.S. over grain import restrictions, the Ministry of Commerce said in a statement published Friday.

“China has always respected the WTO’s rules,” the ministry said, adding that the country will “properly handle (the issue) according to the WTO’s dispute settlement procedures and actively maintain the stability of the multilateral trading system.”

China’s administration of its tariff rate quotas isn’t consistent with its obligations to act fairly, predictably and transparently, the WTO said in a statement Thursday.

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by Zhao Runhua / Apr 19, 2019 11:32 AM / World

Minister of Foreign Affairs Wang Yi. Photo: IC

Minister of Foreign Affairs Wang Yi. Photo: IC

China will host the second Belt and Road Forum from April 25 to April 27 in Beijing, Minister of Foreign Affairs Wang Yi said at a media briefing Friday.

President Xi Jinping will give the opening speech at the forum, and 37 top overseas government officials have confirmed their attendance, Wang said.

The minister has previously said the Belt and Road Forum will be the “most important” diplomatic event in China this year.

Related: Japan to Send ‘High-Level Delegation’ to China’s Belt and Road Summit

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By Zhao Runhua / Apr 17, 2019 06:27 PM / World

Photo: IC

Photo: IC

The Vatican confirmed on Tuesday it will attend the Beijing International Horticultural Exhibition this year, a sign of growing ties with China despite the absence of a formal diplomatic relationship.

The exhibition, which will take place from late April to early October, has major political and diplomatic meaning for China, State Council Vice Premier Hu Chunhua said in February.

China has not had diplomatic relations with the Vatican since 1951.

The Vatican pavilion at the exhibition will showcase manuscripts from the Vatican Apostolic Library, as well as an indoor hothouse, according to an official press release.

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By Zhao Runhua / Apr 15, 2019 05:25 PM / World

Photo: IC

Photo: IC

Japan will send a “high-level delegation” to the second Belt and Road Forum in China later this month, Japanese officials agreed during high-level talks between the two countries this weekend.

Japanese officials said they will attend in order to expand their cooperation in Belt and Road-related fields. Minister of foreign affairs Wang Yi said the dialogue over the weekend was “constructive,” though China expects Japan to participate in the Belt and Road Initiative with a “more positive and clear” manner.

Japan has not specified who they will send to the forum. Though the U.S. has – the Ministry of Foreign Affairs said Friday that White House adviser Matt Pottinger will lead a delegation to the event. Pottinger also led the U.S. delegation to the first Belt and Road Forum, which took place in Beijing in 2017.

During a high-level conference in March, Wang said the Belt and Road Forum will be the “most important” diplomatic event in China this year.

Related: Davos Panel Upbeat On Belt And Road Benefits

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By Han Wei / Apr 12, 2019 10:38 AM / World

Chen Yulu at Caixin Roundtable in Washington. Photo: Caixin

Chen Yulu at Caixin Roundtable in Washington. Photo: Caixin

China will open up its financial sector “across the board” and create a “win-win” situation for institutions and investors, Chen Yulu, deputy governor of the People’s Bank of China, said at the Caixin Roundtable in Washington.

Chinese authorities have made a slew of efforts over the past year to broaden foreign investors’ access to its financial market as a key part of the country’s financial reform commitment and a core issue in the trade negotiation, said Chen. That include easing restrictions on foreign ownership in financial institutions, widening their business scope and streamline administrative procedures for foreign investment.

After a challenging 2018 for Chinese policymakers responding to headwinds abroad and at home, the world’s second-largest economy is showing signs of improvement, bolstering the confidence of global investors and market watchers.

But uncertainties remain at a delicate moment for the global economy, and the best strategy for China to weather new challenges is to continue its commitment to reform and opening-up, leaders have reaffirmed.

Cheng, who ranks second in the central bank’s leadership after Governor Yi Gang, outlined several changes that China will make to better embrace foreign investors and integrate with global markets.

Read Chen’s speech at the Caixin Roundtable here.

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By Isabelle Li / Apr 12, 2019 03:29 AM / World

Chinese Premier Li Keqiang (right) met with Croatian President Kolinda Grabar-Kitarovic Wednesday in Zagreb. Photo: Xinhua

Chinese Premier Li Keqiang (right) met with Croatian President Kolinda Grabar-Kitarovic Wednesday in Zagreb. Photo: Xinhua

During an official visit to Europe, Chinese Premier Li Keqiang met with Croatian President Kolinda Grabar-Kitarovic Wednesday in Croatia’s capital Zagreb in advance of the so-called “16+1” summit, where he plans to hold talks with 16 Central and Eastern European Countries.

Li and his delegation will visit Croatia’s seaside city Dubrovnik Friday along with representatives of 11 eastern European Union member states and five Balkan countries. The group, known as 16+1, was set up to expand cooperation between China and the 16 countries through the Belt and Road initiative.

Premier Li is the first Chinese premier to visit Croatia since the two countries established diplomatic ties in 1992. Li and his delegation also met with Croatian Prime Minister Andrej Plenkovic and Parliament Speaker Gordan Jandrokovic in Zagreb and signed multiple bilateral cooperation and trade deals.

One of the agreements was on cooperation between Croatia’s state bureau for digitalization and the Chinese telecommunications giant Huawei, according to Strait Times.

During the opening ceremony for the China-Croatia Year of Culture and Tourism, the premier also expressed hope that direct flights between the two countries can be opened when conditions are ripe.

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By Fran Wang / Apr 01, 2019 10:59 AM / World

Photo: VCG

Photo: VCG

A sign that U.S.-China trade talks are moving in a positive direction? Time will tell. But for now, China is extending a small part of the trade “truce” presidents Xi Jinping and Donald Trump reached in December — saying it will continue to refrain from applying higher tariffs on cars and auto parts from the U.S.

China will not subject American autos and car parts to additional tariffs after a previous suspension expired on Monday, according to a statement on the Ministry of Finance’s website.

On Jan. 1, China dropped additional tariffs of 25% on American autos and components for three months after Chinese President Xi Jinping and U.S. counterpart Donald Trump agreed in December on a 90-day truce to the months-long trade war, to allow the two countries to negotiate a deal. That lowered duties on American cars to 15%, the same as on vehicles imported from other countries.

The truce was extended beyond the original deadline of March 1, with Washington delaying an increase in punitive tariffs on $200 billion of Chinese imports, as the trade talks made progress.

The decision to continue to halt the punitive tariffs on U.S. cars and auto parts was “China’s positive response” to the delay by the U.S. in raising its own additional tariffs, according to the statement on Sunday by the Customs Tariff Commission of the State Council, which is housed in the Ministry of Finance.

“It is a concrete action to facilitate the bilateral trade negotiations,” the statement said. “We hope the U.S. side will work along with the Chinese side to accelerate the talks and make concrete efforts towards the goal of ending trade frictions.”

Chinese and U.S. trade officials made new progress on the text of an agreement to end the trade disputes after a full-day meeting in Beijing Friday, the official Xinhua News Agency reported. Vice Premier Liu He is scheduled to lead a delegation to travel to Washington this week for another round of talks.

Related: New Progress Made on Details of Text to End Trade War

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By Wu Hongyuran and Teng Jing Xuan / Mar 29, 2019 05:55 PM / World

Photo: VCG

Photo: VCG

Zhou Xiaochuan, former chief of China’s central bank, says recent signs suggest that things are looking up for U.S.-China trade negotiations.

At the 2019 Boao Forum for Asia, which ends Friday, Zhou told reporters that “based on the various kinds of information on the negotiations that have been revealed recently,” there was reason to “become more and more optimistic.”

"Currently, the specific terms of the negotiations have not been fully disclosed, and we are waiting for the outcome of the negotiations," Zhou said.

On Thursday, China’s Ministry of Commerce announced that an American delegation led by Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer will visit Beijing on March 28-29 for another round of trade negotiations.

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