Tag: china

Samsung shares surge as Huawei struggles

SEOUL, South Korea (AFP) — Samsung Electronics surged more than four percent Tuesday on the back of its chief rival Huawei’s mounting problems, including a decision by Google to sever ties with the Chinese mobile phone maker. US internet giant Google, whose Android mobile operating system powers most of the world’s smartphones, said this week it is cutting ties with Huawei to comply with an executive order issued by President Donald Trump. The move could […]

Huawei founder: US ‘underestimates’ his company

BEIJING, China (AFP) — Huawei founder Ren Zhengfei struck a defiant tone Tuesday against US attempts to block his company’s global ambitions, saying the US “underestimates” the telecom giant’s strength. Ren spoke to Chinese state media days after President Donald Trump issued orders aimed at thwarting Huawei’s business in the United States, capping months of efforts to stop the company’s bid to become the world leader in next-generation 5G technology. “The current practice of US […]

Huawei ban a salvo in widening US-China standoff

by Shaun TANDON WASHINGTON, United States (AFP) — In effectively banning tech giant Huawei, President Donald Trump has fired a new salvo against China as the United States increasingly sees confrontation as the best way to curb the rising power. The Trump administration has waged an intense global campaign against Huawei and last week hit it hard with orders that restrict the company’s US sales and make it difficult for the company to buy critical […]

China demands apology for ‘very dirty’ taekwondo disqualification

  SHANGHAI, China (AFP) — China has demanded an apology and called for a life-time ban on a referee who controversially awarded gold to a British competitor at the World Taekwondo Championships. China labelled it “a scandal” and “bizarre” after their Olympic champion Zheng Shuyin was disqualified from the women’s +73kg heavyweight final in Manchester on Friday. Despite the home fighter Bianca Walkden winning, boos rang out when the prizes were awarded — and Zheng, […]

Huawei will not bow to US pressure: founder

Chinese telecoms giant Huawei is ready to deal with Washington’s crackdown and will reduce its reliance on US components, its founder told Japanese media. President Donald Trump effectively barred Huawei from the US market on Wednesday and added it to a list which would restrict US sales to the firm amid an escalating trade war with Beijing. “We have already been preparing for this,” Huawei founder and CEO Ren Zhengfei told a group of Japanese […]

Macron warns about US-China trade tensions over Huawei

PARIS, France (AFP) — French President Emmanuel Macron warned Thursday about the danger of a “technological war or a trade war” between the US and China as the countries clash over Chinese telecoms group Huawei. “Our perspective is not to block Huawei or any company, it is to preserve our national security and European sovereignty,” Macron told reporters at the Vivatech trade show in Paris. “But I think launching now a technological war or a […]

Huawei becomes flashpoint in China-US economic showdown

by Paul HANDLE WASHINGTON, United States (AFP) — The US crackdown on Huawei has made the Chinese telecommunications giant the flashpoint in a monumental economic and technological showdown between the two superpowers that is testing allies of both. One day after the US moved to block Huawei from the US market and banned the export of US technology and materials to the company, China warned Washington Thursday against further harming trade ties. At the same […]

At least 10 reported trapped in Shanghai building collapse

BEIJING, China (AFP) — At least ten construction workers were trapped in the rubble of an industrial building that collapsed in Shanghai on Thursday as it was undergoing renovation, according to Chinese media reports. The accident occurred around 11:00 am (0300 GMT) in an area of central Shanghai, with Chinese news outlet The Paper saying at least four people were rescued from the collapsed structure. © Agence France-Presse

China formally arrests Canadian ex-diplomat, businessman: report

BEIJING, China (AFP) — China has formally arrested two Canadians who have been detained for months on national security grounds, a Canadian newspaper reported on Thursday, in a case that has inflamed tensions between Ottawa and Beijing. A Canadian government source told The Globe and Mail that neither Michael Kovrig, a former diplomat, nor Michael Spavor, a China-based businessman who organized trips to North Korea, have been formally charged. “Canada strongly condemns their arbitrary arrest […]

Trump bars US companies from foreign telecoms posing security risk

by Sebastian Smith WASHINGTON, United States (AFP) — President Donald Trump declared a national emergency Wednesday barring US companies from using foreign telecoms equipment deemed a security risk — a move that appeared aimed at Chinese giant Huawei. The order signed by Trump prohibits purchase or use of equipment from companies that pose “an unacceptable risk to the national security of the United States or the security and safety of United States persons.” “This administration […]

Xi: ‘No clash’ of civilisations amid US trade war

BEIJING, China (AFP) — Chinese President Xi Jinping declared Wednesday there was “no clash” of civilizations and denounced racial supremacy as “stupid” amid tensions with the United States and concerns over Beijing’s rising global power. His remarks came after a top-level US official last month described the rivalry between China and the US as “a fight with a really different civilization and a different ideology”. Kiron Skinner, the director of policy planning at the US […]

China fires back at US with tariff hike on goods worth $60 billion

by Poornima WEERASEKARA BEIJING, China (AFP) — China said Monday it will raise tariffs on $60 billion worth of US goods from June 1, in retaliation for the latest round of US tariff hikes and Washington’s plans to target almost all Chinese imports. The announcement came after the latest round of US-China trade negotiations ended Friday without a deal, and after Washington increased tariffs on $200 billion worth of Chinese products. US President Donald Trump […]