Forwarded from 📡Guardians of Hong Kong
#TradeWar #Australia #CCP
Beijing is not happy with deal cancellations between Australian and Chinese companies
The $600 million takeover of Australian drinks company Lion by Chinese company Mengniu Dairy has been blocked by Australian Treasurer Josh Frydenberg on national security grounds.
Mengniu Dairy has 25 per cent owned by the Chinese government.
Australia's Foreign Investment Review Board cleared the deal in February 2020 but Frydenberg stepped in to prevent it, as the political tensions and trade war between the two nations escalated.
Chinese state-run news, Global Times, wrote: 'Banning a Chinese company from buying an Australian dairy brand doesn't make much economic sense. It would show that bilateral relations will continue on a downward spiral, with the Australian side willing to risk its global reputation in order to maintain a tough line against China in all aspects.'
Source: Daily Mail #Aug25
https://trib.al/9gaouuZ
#JoshFrydenberg #MengniuDairy #Lion #China #NationalSecurityThreat
Beijing is not happy with deal cancellations between Australian and Chinese companies
The $600 million takeover of Australian drinks company Lion by Chinese company Mengniu Dairy has been blocked by Australian Treasurer Josh Frydenberg on national security grounds.
Mengniu Dairy has 25 per cent owned by the Chinese government.
Australia's Foreign Investment Review Board cleared the deal in February 2020 but Frydenberg stepped in to prevent it, as the political tensions and trade war between the two nations escalated.
Chinese state-run news, Global Times, wrote: 'Banning a Chinese company from buying an Australian dairy brand doesn't make much economic sense. It would show that bilateral relations will continue on a downward spiral, with the Australian side willing to risk its global reputation in order to maintain a tough line against China in all aspects.'
Source: Daily Mail #Aug25
https://trib.al/9gaouuZ
#JoshFrydenberg #MengniuDairy #Lion #China #NationalSecurityThreat
Forwarded from 📡Guardians of Hong Kong
U.S. House of Representatives to propose banning imports of forced labour products from Xinjiang next week
The human rights issue in Xinjiang has recently become a new point of contention between the U.S. and China. On Monday (14 Sept), the U.S. announced that it will ban imports of five goods from Xinjiang, including cotton and tomatoes, for violating the rights of ethnic minorities in the region.
#Xinjiang #HumanRightsAbuse #USChinaRelations #Uyghur #Uighur #TradeWar
Source: Apple Daily #Sep19
https://hk.appledaily.com/international/20200919/UZATUFOPMRCOJO2YJA463CAFDA/
The human rights issue in Xinjiang has recently become a new point of contention between the U.S. and China. On Monday (14 Sept), the U.S. announced that it will ban imports of five goods from Xinjiang, including cotton and tomatoes, for violating the rights of ethnic minorities in the region.
#Xinjiang #HumanRightsAbuse #USChinaRelations #Uyghur #Uighur #TradeWar
Source: Apple Daily #Sep19
https://hk.appledaily.com/international/20200919/UZATUFOPMRCOJO2YJA463CAFDA/
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US State Department Reportedly Recommends Putting China’s Ant Group on Trade Blacklist
As US-China relations remain tense, sources have indicated to Reuters that the State Department had proposed placing Ant Group on the trade blacklist to the Trump administration ahead of its listing on the US stock market.
A financial technology firm, Ant Group is planning to be listed on stock markets in Shanghai and Hong Kong with an estimated market value of a record-breaking 35 billion US dollars. It is unclear at the moment as to when the US government will add the firm to its Entity List, but it is believed that this is a sign from hardliners in Washington that American investors should refrain from taking part in the firm’s initial public offering.
While the local law makes it difficult for US firms to sell high-tech products to companies on the Entity List, how this latest move actually affects China is still a matter of debate. Reuters noted that while telecom companies like Huawei may suffer from being blacklisted, placing a fintech firm on the list could be more of a gesture.
Source: Stand News #Oct15
#US #China #AntGroup #EntityList #TradeWar #Finance
https://bit.ly/34cR2Yu
As US-China relations remain tense, sources have indicated to Reuters that the State Department had proposed placing Ant Group on the trade blacklist to the Trump administration ahead of its listing on the US stock market.
A financial technology firm, Ant Group is planning to be listed on stock markets in Shanghai and Hong Kong with an estimated market value of a record-breaking 35 billion US dollars. It is unclear at the moment as to when the US government will add the firm to its Entity List, but it is believed that this is a sign from hardliners in Washington that American investors should refrain from taking part in the firm’s initial public offering.
While the local law makes it difficult for US firms to sell high-tech products to companies on the Entity List, how this latest move actually affects China is still a matter of debate. Reuters noted that while telecom companies like Huawei may suffer from being blacklisted, placing a fintech firm on the list could be more of a gesture.
Source: Stand News #Oct15
#US #China #AntGroup #EntityList #TradeWar #Finance
https://bit.ly/34cR2Yu
立場新聞 Stand News
據報美國務院建議將螞蟻集團列入貿易黑名單 為公司上市再添變數 | 立場報道 | 立場新聞
中美關係持續緊張。有知情人士向路透社表示，美國國務院已向特朗普政府遞交計劃書，考慮在中國螞蟻集團（Ant Gr...
Forwarded from 📡Guardians of Hong Kong
US State Department Reportedly Recommends Putting China’s Ant Group on Trade Blacklist
As US-China relations remain tense, sources have indicated to Reuters that the State Department had proposed placing Ant Group on the trade blacklist to the Trump administration ahead of its listing on the US stock market.
A financial technology firm, Ant Group is planning to be listed on stock markets in Shanghai and Hong Kong with an estimated market value of a record-breaking 35 billion US dollars. It is unclear at the moment as to when the US government will add the firm to its Entity List, but it is believed that this is a sign from hardliners in Washington that American investors should refrain from taking part in the firm’s initial public offering.
While the local law makes it difficult for US firms to sell high-tech products to companies on the Entity List, how this latest move actually affects China is still a matter of debate. Reuters noted that while telecom companies like Huawei may suffer from being blacklisted, placing a fintech firm on the list could be more of a gesture.
Source: Stand News #Oct15
#US #China #AntGroup #EntityList #TradeWar #Finance
https://bit.ly/34cR2Yu
As US-China relations remain tense, sources have indicated to Reuters that the State Department had proposed placing Ant Group on the trade blacklist to the Trump administration ahead of its listing on the US stock market.
A financial technology firm, Ant Group is planning to be listed on stock markets in Shanghai and Hong Kong with an estimated market value of a record-breaking 35 billion US dollars. It is unclear at the moment as to when the US government will add the firm to its Entity List, but it is believed that this is a sign from hardliners in Washington that American investors should refrain from taking part in the firm’s initial public offering.
While the local law makes it difficult for US firms to sell high-tech products to companies on the Entity List, how this latest move actually affects China is still a matter of debate. Reuters noted that while telecom companies like Huawei may suffer from being blacklisted, placing a fintech firm on the list could be more of a gesture.
Source: Stand News #Oct15
#US #China #AntGroup #EntityList #TradeWar #Finance
https://bit.ly/34cR2Yu
立場新聞 Stand News
據報美國務院建議將螞蟻集團列入貿易黑名單 為公司上市再添變數 | 立場報道 | 立場新聞
中美關係持續緊張。有知情人士向路透社表示，美國國務院已向特朗普政府遞交計劃書，考慮在中國螞蟻集團（Ant Gr...
Forwarded from 📡Guardians of Hong Kong
US election analysis - China wants Biden to soften stance on China; Scholar: whoever is the president should not go soft
The relationship between China and the United States is at its worst in decades. It is widely believed that the Beijing government would prefer to see Democratic presidential candidate Biden defeat Trump in the White House, where conflicts over trade, technology and security are expected to ease. But many scholars believe that even if Biden were to take the stage, it is unlikely that he would go easy on Beijing because American politics across the spectrum are now disappointed with Beijing. No matter who ends up as president, his stance will not soften by much.
There is a long list of issues currently in dispute between China and the United States, including the COVID-19 epidemic, technology, trade, security, and spies; as well as matters involving Hong Kong, Taiwan, and human rights issues in Tibet and Xinjiang. Trump's trade war, which imposes punitive tariffs on Chinese goods, and his blocking of leading Chinese technology and Internet companies such as Huawei, TikTok, and WeChat, as well as his allies' efforts to blockade China, have put Beijing on a collision course. A Pew Research Center survey in March found that two-thirds of the U.S. public has a negative view of China, the highest since the survey began in 2005.
Source: Apple Daily #Oct23
#US #China #USelections #Biden2020 #Trump2020 #Covid #TradeWar #TikTok
https://hk.appledaily.com/international/20201023/VWYZFJ646BA7NMY37PA22RU6NU/
The relationship between China and the United States is at its worst in decades. It is widely believed that the Beijing government would prefer to see Democratic presidential candidate Biden defeat Trump in the White House, where conflicts over trade, technology and security are expected to ease. But many scholars believe that even if Biden were to take the stage, it is unlikely that he would go easy on Beijing because American politics across the spectrum are now disappointed with Beijing. No matter who ends up as president, his stance will not soften by much.
There is a long list of issues currently in dispute between China and the United States, including the COVID-19 epidemic, technology, trade, security, and spies; as well as matters involving Hong Kong, Taiwan, and human rights issues in Tibet and Xinjiang. Trump's trade war, which imposes punitive tariffs on Chinese goods, and his blocking of leading Chinese technology and Internet companies such as Huawei, TikTok, and WeChat, as well as his allies' efforts to blockade China, have put Beijing on a collision course. A Pew Research Center survey in March found that two-thirds of the U.S. public has a negative view of China, the highest since the survey began in 2005.
Source: Apple Daily #Oct23
#US #China #USelections #Biden2020 #Trump2020 #Covid #TradeWar #TikTok
https://hk.appledaily.com/international/20201023/VWYZFJ646BA7NMY37PA22RU6NU/
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Germany Former BND President Warned that China Almost Dominates the World, and Urged Europe to Reduce Reliance on China
The former President of the Bundesnachrichtendienst (BND) in Germany, Gerhard Schindler, spoke to the British press The Times that China was almost ‘dominating the world’, and that all European countries should be alert to this issue, lowering the ‘tactic reliance’ to China, especially for Germany.
Schindler, who served as the President of BND between 2011 and 2016, raised that China becomes more proactive in recent years, including aggressive actions in the South China Sea, the monopoly in the economy of African countries, and the Belt and Road Initiative infrastructure projects in Eurasia. He said, 'China is very clever and silent in conducting these dominating actions activities that we can hardly spot in Europe.'
China is the largest trade partner of Germany which the bilateral import and export trade volume reached EUR 206 billion (HKD 1.9 trillion) last year. Schindler pointed out that Germany must reflect on the situation of 'Business relationships dominate the stance on China'. He believed that there was a need to revise the Germany-China relationship. ‘We have some industries relying on China, such as our vehicle manufacturing industry, but we should not rely more heavily on others to reduce this reliance. We should try to reduce dependence.’ Schindler said.
Source: Apple Daily #Oct26
https://hk.appledaily.com/international/20201026/YCUISDO4CFDGHG3H3EXBLYVX3A/
#China #Germany #TradeWar #GerhardSchindler #BND #TheTimes #DominatingActions
The former President of the Bundesnachrichtendienst (BND) in Germany, Gerhard Schindler, spoke to the British press The Times that China was almost ‘dominating the world’, and that all European countries should be alert to this issue, lowering the ‘tactic reliance’ to China, especially for Germany.
Schindler, who served as the President of BND between 2011 and 2016, raised that China becomes more proactive in recent years, including aggressive actions in the South China Sea, the monopoly in the economy of African countries, and the Belt and Road Initiative infrastructure projects in Eurasia. He said, 'China is very clever and silent in conducting these dominating actions activities that we can hardly spot in Europe.'
China is the largest trade partner of Germany which the bilateral import and export trade volume reached EUR 206 billion (HKD 1.9 trillion) last year. Schindler pointed out that Germany must reflect on the situation of 'Business relationships dominate the stance on China'. He believed that there was a need to revise the Germany-China relationship. ‘We have some industries relying on China, such as our vehicle manufacturing industry, but we should not rely more heavily on others to reduce this reliance. We should try to reduce dependence.’ Schindler said.
Source: Apple Daily #Oct26
https://hk.appledaily.com/international/20201026/YCUISDO4CFDGHG3H3EXBLYVX3A/
#China #Germany #TradeWar #GerhardSchindler #BND #TheTimes #DominatingActions
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WTO complaint “next step” in tariff dispute between Australia and China, trade ministery says.
The trade minister Simon Brimingham said on 29 November the trade conflicts were not just harming Australia but threated global trade confidence. Canberra will take its complaints to the World Trade Organization (WTO).
Due wine tariffs imposed after barley tariffs announced in May, at least 60 ships laden with coal from Australian producers have also been denied permission to enter Chinese ports, leaving them waiting off the coast while Australian authorise attempt to find a resolution to the standoff.
The wine decision would not be part of any immediate complaint to the WTO as it was still being described as an “interim application of tariffs”.
Source: The Guardian #Nov29
https://www.theguardian.com/business/2020/nov/29/wto-complaint-next-step-in-tariff-dispute-between-australia-and-china-trade-minister-says?CMP=Share_iOSApp_Other
#Australia #China #WTO #AntiDumping #Tarrif #TradeWar
The trade minister Simon Brimingham said on 29 November the trade conflicts were not just harming Australia but threated global trade confidence. Canberra will take its complaints to the World Trade Organization (WTO).
Due wine tariffs imposed after barley tariffs announced in May, at least 60 ships laden with coal from Australian producers have also been denied permission to enter Chinese ports, leaving them waiting off the coast while Australian authorise attempt to find a resolution to the standoff.
The wine decision would not be part of any immediate complaint to the WTO as it was still being described as an “interim application of tariffs”.
Source: The Guardian #Nov29
https://www.theguardian.com/business/2020/nov/29/wto-complaint-next-step-in-tariff-dispute-between-australia-and-china-trade-minister-says?CMP=Share_iOSApp_Other
#Australia #China #WTO #AntiDumping #Tarrif #TradeWar
Forwarded from 📡Guardians of Hong Kong
'If you make China the enemy, China will be the enemy': Beijing's fresh threat to Australia
Chinese and Australian relations have taken a skydive after China’s Foreign Ministry spokesman Zhao Lijian leaked a document which contains a list of 14 grievances, including government funding for “anti-China” research at the Australian Strategic Policy Institute, cancellations of Chinese journalist and academic visas, organizing a “crusade” against China’s policies for Taiwan, Hong Kong, and Xinjiang, investigating the origins of COVID-19, banning Huawei in 2018, blocking 10 Chinese investment deals, and “unfriendly” reports on China in Australian independent media.
The Department of Foreign Affairs sees the 14 items as entirely non-negotiable, but that “The Australian government is always ready to talk directly in a constructive fashion about Australia's relationship with China, including about our differences, and to do so directly between our political leaders.”
But a Chinese official asked, "Why should China care about Australia?”. Phone calls would be “meaningless” when the “atmosphere is bad”, further adding that "China is angry. If you make China the enemy, China will be the enemy.”
Source: The Sydney Morning Herald #Nov18
https://amp.smh.com.au/world/asia/if-you-make-china-the-enemy-china-will-be-the-enemy-beijing-s-fresh-threat-to-australia-20201118-p56fqs.html?fbclid=IwAR17BJIjLBGIu8b006hS_Cw8v4s8Z0gQwjIaybGa7fQfAXnfVQZrUWyOcc4
#Australia #AustraliaChina #China #tradewar
Chinese and Australian relations have taken a skydive after China’s Foreign Ministry spokesman Zhao Lijian leaked a document which contains a list of 14 grievances, including government funding for “anti-China” research at the Australian Strategic Policy Institute, cancellations of Chinese journalist and academic visas, organizing a “crusade” against China’s policies for Taiwan, Hong Kong, and Xinjiang, investigating the origins of COVID-19, banning Huawei in 2018, blocking 10 Chinese investment deals, and “unfriendly” reports on China in Australian independent media.
The Department of Foreign Affairs sees the 14 items as entirely non-negotiable, but that “The Australian government is always ready to talk directly in a constructive fashion about Australia's relationship with China, including about our differences, and to do so directly between our political leaders.”
But a Chinese official asked, "Why should China care about Australia?”. Phone calls would be “meaningless” when the “atmosphere is bad”, further adding that "China is angry. If you make China the enemy, China will be the enemy.”
Source: The Sydney Morning Herald #Nov18
https://amp.smh.com.au/world/asia/if-you-make-china-the-enemy-china-will-be-the-enemy-beijing-s-fresh-threat-to-australia-20201118-p56fqs.html?fbclid=IwAR17BJIjLBGIu8b006hS_Cw8v4s8Z0gQwjIaybGa7fQfAXnfVQZrUWyOcc4
#Australia #AustraliaChina #China #tradewar
The Sydney Morning Herald
'If you make China the enemy, China will be the enemy': Beijing's fresh threat to Australia
A deliberately leaked Chinese government document has laid out 14 disputes aimed at pressuring the Morrison government to reverse Australia’s position on key policies.