Tag: china

Self-made millionaire sits China’s university exams for 27th time

By Luna LIN Agence France-Presse BEIJING, June 7, 2023 (AFP) — Among the millions of fresh-faced high schoolers sitting China’s dreaded “gaokao” college entrance exam on Wednesday, Liang Shi sticks out like a sore thumb — a grey-haired, self-made millionaire stubbornly taking the test for the 27th time. Liang, 56, is no fool. He worked his way up from a menial job on a factory floor to establishing his own successful construction materials business. But […]

Taiwanese chip giant TSMC says industry could have ‘stabilizing’ effect

HSINCHU, Taiwan, June 6, 2023 (AFP) — Taiwanese semiconductor giant TSMC said Tuesday its production of ever-smaller microchips will remain on the island, hopeful that the critical industry will have a “stabilizing effect on global geopolitical conflicts”. Taiwan Semiconductor Manufacturing Company — whose clients include Apple and Intel — controls more than half the world’s output of silicon wafers, used in everything from smartphones to cars and missiles. Recent years have seen it navigating geopolitical […]

Australia coach Arnold wants ‘revenge’ over Messi’s Argentina

SYDNEY, June 6, 2023 (AFP) — Australia coach Graham Arnold said Tuesday he wants “revenge” over Lionel Messi’s Argentina when his side meet the world champions in a Beijing friendly next week. Messi terrorized the Socceroos and scored a sublime goal in a 2-1 win in the last 16 at the World Cup in Qatar, before going on to lift the trophy. But Arnold’s unfancied team gave Argentina a scare and the Australia coach said […]

‘Unsafe’ action by China near American ship in Taiwan Strait: US

WASHINGTON, June 4, 2023 (AFP) – A Chinese Navy ship maneuvered in an “unsafe manner” near an American destroyer transiting the Taiwan Strait, the US military said Saturday. It is the second close encounter between American and Chinese military assets in less than 10 days, following what the US military said was an “unnecessarily aggressive maneuver” by one of Beijing’s fighter’s near one of Washington’s surveillance planes last week. The Chinese ship “executed maneuvers in […]

US, China join naval drills in Indonesia despite rifts

JAKARTA, June 5, 2023 (AFP) – The United States and China have sent warships to the multinational naval drills that began in Indonesia on Monday, despite the rifts between the two powers. Washington and Beijing are engaged in fierce competition on diplomatic, military, technological and economic fronts. The US military has stepped up its Asia-Pacific operations to counter an increasingly assertive China, which has recently staged several rounds of war drills around Taiwan. But both […]

Hong Kong launches retail-friendly rules for crypto exchanges

HONG KONG, June 1, 2023 (AFP) – Hong Kong rolled out new rules on Thursday allowing licensed cryptocurrency exchanges to service retail customers, bucking the global trend of tightening rules after last year’s market crash. The Chinese finance hub is racing regulators around the world to lay down ground rules for crypto after high-profile failures like trading platform FTX, which led the United States to crack down on a sector worth more than $1 trillion. […]

Chinese fans welcome ‘Comrade Musk’

BEIJING, June 1, 2023 (AFP) — Lavish meals, gushing praise and memes about “Comrade Musk” — China showered the Tesla CEO with admiration during his whistlestop tour of the country this week. The mercurial magnate is a controversial figure in the West but widely admired in China, where Tesla’s electric vehicles have become a staple of middle-class urban life. His visit was welcomed by Zhu Qi, a Tesla owner from the central city of Changsha. […]

‘Unfortunate’ that Chinese counterpart declined talks: Austin

By W.G. Dunlop, Sara HUSSEIN Agence France-Presse TOKYO, June 1, 2023 (AFP) — Beijing’s decision to decline a meeting between US and Chinese defense chiefs is “unfortunate”, particularly given recent “provocative” Chinese behavior, US Defense Secretary Lloyd Austin said Thursday. The comments come days after Washington accused Beijing of an “unnecessarily aggressive maneuver” near a US surveillance aircraft. Washington had invited China’s Minister of National Defense Li Shangfu to hold talks with Austin on the […]

Beijing blames US ‘provocation’ for South China Sea fighter jet incident

BEIJING, May 31, 2023 (AFP) – Beijing blamed US “provocation” Wednesday for an incident last week in which a Chinese plane crossed in front of an American surveillance aircraft over the South China Sea. The incident comes at a time of frayed ties between Washington and Beijing over issues including Taiwan, which China regards as its territory, and the shooting down of an alleged Chinese spy balloon that flew over the United States this year. […]

Musk talks ‘new energy vehicles’ with industry minister during China visit

BEIJING, May 31, 2023 (AFP) — Elon Musk and China’s industry minister discussed ways to develop new energy vehicles Wednesday, a day after the Tesla CEO flew into Beijing and declared he wanted to expand his business in the world’s second largest economy. The mercurial billionaire, one of the world’s richest men, is on his first trip to China in more than three years. On Wednesday he met Jin Zhuanglong in Beijing to discuss “the […]

Broader national security law takes effect in Macau

HONG KONG, May 30, 2023 (AFP) – Macau’s new national security law took effect on Tuesday, imposing wider restrictions on political opposition and civil society in the Chinese city. The gambling hub has a separate legal system from the Chinese mainland, largely based on Portuguese law, and national security legislation was first enacted in 2009. Macau’s government said the amendments were designed to catch up with similar legislation in China and Hong Kong, with an […]

Malaysia searches Chinese ship suspected of looting WWII wrecks

KUALA LUMPUR, May 30, 2023 (AFP) — Malaysia’s coastguard said Tuesday that authorities were questioning the crew of a Chinese vessel detained on suspicion of looting two British World War II shipwrecks. Officers discovered unexploded cannon shells upon boarding the Chinese-registered vessel, which was detained for illegal anchorage over the weekend, said Nurul Hizam Zakaria, Malaysian Maritime Enforcement Agency chief in Johor state. “Our investigation is now directed to where these cannon shells originated from. […]