Hainan is the latest Chinese free-trade zone with tech hub ambitions

Hainan, an island province known as China’s Hawaii, does not only want to be known for sunshine and beaches: It has set an ambitious goal to become the country’s southern hub for technological innovation.
The strategy involves offering tech start-ups free rent, reduced tax rates, easier visa policies, and access to government-backed venture capital funding.
The first global tech company to commit to a presence on the island was Microsoft, which signed an MOU with the provincial…
Source: SCMP – China

As Shaanxi saga shows, even Xi hits China’s bureaucratic brick wall

Soon after Xi Jinping came to office six years ago, he declared war on rampant official corruption, helping him to consolidate power, vanquish opponents and become China’s most powerful leader since Mao Zedong.
Despite all the power he has amassed, however, bending the country’s vast bureaucracy to his will has proved much more fraught and nuanced than might have been expected.
The mandarins may cower in his presence and sing his praises publicly, but many of them continue to…
Source: SCMP – China

How US and China’s African nuclear mission could provide model for disarming North Korea

China and America’s recent joint nuclear non-proliferation mission in West Africa could provide a precedent for dismantling North Korea’s nuclear arsenal, analysts have said, but warned that the scale and political complexity of the task will be far greater.
This week it emerged that Chinese and American nuclear experts had cooperated on a project to remove highly enriched uranium (HEU) from a reactor in Nigeria to prevent the material falling into the hands of terrorists.
Source: SCMP – China

White House prepares executive order for Donald Trump restricting Chinese telecom firms over national security fears

The Trump administration is preparing an executive order that could significantly restrict Chinese state-owned telecom companies from operating in the US over national security concerns, according to people familiar with the matter.
The order, which hasn’t yet been presented to the president, would not mention companies such as Huawei Technologies or ZTE Corp by name and would not outright ban US sales by the firms.

But it would give greater authority to the US Commerce Department to…
Source: SCMP – China

Canada ‘will not be deterred’ by China’s threats of reprisals if Ottawa bans Huawei from 5G deals, says minister

Canada’s public safety minister said on Friday that the country would not be deterred by Chinese pressure after China threatened reprisals if Huawei was banned from supplying equipment for 5G networks, highlighting the growing rift between Ottawa and Beijing.
There are accusations that the telecoms giant is controlled by China’s ruling Communist Party or is required to facilitate Chinese spying. The US, Australia, Japan and other governments have imposed curbs on use of its…
Source: SCMP – China

Baidu seeks to play catch up in mobile app race with bet on world's most-watched TV show

Baidu is looking to attract more users to its flagship mobile app by partnering with the world’s most-watched TV show through the coming Lunar New Year holiday, as the Chinese search engine operator seeks to catch up to its competitors Tencent and Alibaba Group.
Baidu will be the exclusive “red packet” partner of state broadcaster China Central Television’s (CCTV) Spring Festival Gala, the Beijing-based company said on Thursday. Since 1983, viewing at least part of the…
Source: SCMP – China

Chinese ambassador Lu Shaye warns ‘back-stabbing’ Canada to stop rallying allies in row over detainees

China’s ambassador to Canada warned the Canadian government on Thursday to stop recruiting international support in its feud with China and threatened retaliation if Ottawa bans Chinese telecommunications giant Huawei for security reasons.

Ambassador Lu Shaye said at a press event at the embassy in Ottawa that last month’s arrest of Huawei Technologies executive Sabrina Meng Wanzhou was an act of “back-stabbing” by a friend and he warned of repercussions if Canada…
Source: SCMP – China

Step up and protect Chinese interests abroad, Xi Jinping tells law enforcers

China needs to better protect Chinese entities and individuals abroad, President Xi Jinping told a high-level legal affairs meeting on Wednesday.
“We must hasten the establishment of a mechanism to protect the legitimate interests of Chinese organisations and nationals abroad,” Xi said, addressing the annual conference of the Political and Legal Affairs Commission in Beijing.
The commission, which is overseen by the Communist Party’s Central Committee, is responsible for all…
Source: SCMP – China

Yes, Donald Trump’s China tariffs are raising billions. But here’s why China isn’t paying

US President Donald Trump is right to say that his tariffs are generating billions of dollars for the US. But China and other countries aren’t paying them as he’s suggested.
According to data from US Customs and Border Protection, more than US$13 billion in duties imposed by the Trump administration were assessed on imported goods as of December 18.

Actual collections could lag and be lower because of refunds and other factors, but Treasury Department reports show receipts from all…
Source: SCMP – China

China’s state-owned companies enjoy record profits, even as private sector flounders

Revenues and profits at China’s state-owned enterprises hit historic highs last year, even as the country’s private firms fought for their survival amid the slowest period for economic growth in a decade.
Last year, firms owned by the central government booked revenues of 29.1 trillion yuan (about US$4.3 trillion), up 10.1 per cent from 2017, while net profits reached 1.2 trillion yuan, a rise of 15.7 per cent from the previous year, according to figures released by the State-owned…
Source: SCMP – China

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