China and Taiwan News 中国和台湾新闻
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News from non-state media sources about China and Taiwan. 来自非国营来源关于中国和台湾的新闻。中英双语 Bilingual English and Chinese
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Forwarded from China in Focus - NTD
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One #HongKong-based U.S. citizen, nearly 80 years old and facing a life sentence, has just been convicted by a Chinese #court. He was found guilty of spying and stripped of his political rights after heading off a number of pro-China groups overseas and visits with Beijing officials. It all started back in spring 2021, though few details are available.

https://ept.ms/78YearsOldJailedForLife_CIF
Forwarded from RTHK Latest News
China's factory output, consumption miss estimates

China's April industrial output and retail sales growth undershot forecasts, suggesting the economy lost further momentum at the start of the second quarter.The nation's industrial output grew 5.6 percent in April from a year earlier, accelerating from the 3.9 percent pace seen in March, data released by the National Bureau of Statistics showed on Tuesday. It was well below expectations for a 10.9 percent increase in a Reuters poll of analysts although it marked the quickest growth since September 2022.Retail sales jumped 18.4 percent, speeding up sharply from a 10.6 percent increase in March for their fastest increase since March 2021. However, analysts had expected retail sales to grow 21.0 percent.The year-on-year figures were heavily skewed by declines last April when the financial hub of Shanghai and other major cities were under stringent anti-virus lockdowns and curbs, which impacted growth in the world's second-largest economy in 2022.Other data over the past week showing shrinking imports in April, deepening factory gate deflation and worse-than-expected bank loans signalled weak domestic demand, has raised pressure on policymakers to shore up the economic recovery as global growth falters.China's central bank kept the interest rate unchanged on Monday as expected, but markets are betting on more monetary easing in the coming months.On top of fragile domestic and global demand conditions, Chinese policymakers have to contend with headwinds from recent Western bank failures, high global borrowing costs and the Ukraine war. The property sector remained fragile, with investment in the industry down 6.2 percent in January-April after declining 5.8 percent in the first three months.Hiring was still low among companies wary about their finances. The nationwide survey-based jobless rate stayed at 5.2 percent in April, down slightly from 5.3 percent in March. But the youth jobless rate hit a record high at 20.4 percent, up from 19.6 percent in March. (Reuters)

2023-05-16 11:10:54
Forwarded from China News and Insights
Over 80% of Americans view China unfavorably; China arrests man over fake news stories by ChatGPT

0:00 Highlights
0:25 Poll: Over 80% of Americans view China unfavorably as Washington-Beijing relations sour  
2:17 Chinese regime arrests man over fake news stories by ChatGPT 
3:57 The demise of the ‘Made in China’ industrial policy
10:41 Italy plans to drop out of China’s Belt and Road deal 

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Bank documents revealed by the House Oversight Committee raised serious concerns over President Biden and his family's monetary ties to certain Chinese nationals, and the attempt to hide the source of funds by layering shell companies.

WATCH 👇 https://www.theepochtimes.com/biden-family-received-10-million-in-payments-from-china-foreign-interests-congress_5255959.html?&utm_medium=Crossroads&utm_source=SocialM&utm_campaign=BidenFamilyCR&utm_content=05-10-2023
Forwarded from RTHK Latest News
'China, Central Asia have shared future'

President Xi Jinping will host the leaders of five Central Asian countries in the city of Xi'an this week for a summit Beijing has described as of "milestone significance".Xinhua news agency said the event on Thursday and Friday – to be attended by the presidents of Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan – is set to provide great impetus for relations and cooperation between China and the five Central Asian countries. Central Asia has become key to the nation’s Belt and Road Initiative, and the summit is likely to see efforts to push ahead with vast transport links and pipelines.These include a long-stalled US$6 billion China-Kyrgyzstan-Uzbekistan railway and an expansion of the Central Asia-to-China gas pipeline. (Xinhua/AFP)

2023-05-16 13:19:16
Forwarded from China in Focus - NTD
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A former #ByteDance employee is suing the company for wrongful termination, and is alleging in the suit that the Chinese Communist Party has access to all the data on #TikTok users, including those from the United States.

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Former #NBA star Dwight Howard is the focus of the wrath of Chinese social media users after the athlete recently referred to #Taiwan as a country. Some netizens are demanding an apology from him, which he did eventually give.

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After several instances of back and forth, Chinese shipping giant #COSCO is finally able to purchase 24.9 percent of #Tollerort, a key container terminal in the seaport of Hamburg, #Germany.

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Young job seekers in #China are struggling to find work. Many say they're now at their breaking point. The country's #JobMarket struggles come months after China lifted its strict pandemic restrictions and reopened its borders.

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Made in China, but qualify for U.S. #taxbreaks? The Treasury Department's guidelines on #solarpanels are raising eyebrows in some sectors. The Treasury says the panels only need to be assembled stateside to make the cut, even if the parts are made elsewhere.

https://ept.ms/USTaxBreakforChina_CIF