China’s Fan Bingbing should thank her lucky stars; her punishment could have been a lot worse

We are familiar with the Fan Bingbing story by now. The actress was hidden from public view for 100 days until she confessed to tax evasion. There was no trial.
After her “confession”, she was given a stupendous fine of 884 million yuan (US$127.8 million). She has been listed among the world’s top 10 highest paid actresses, along with Jennifer Lawrence and Deepika Padukone; but she will find her earning potential drastically reduced, because Chinese studios and international…
Source: SCMP – China

‘No chances of making money’: Chinese retail investors have lost more than 100,000 yuan each this year

So much for mainland Chinese investors’ plans of gaining from the country’s economic growth through its equity market. Millions of individual investors have learned to be patient with stocks, only to bear further losses amid Beijing’s escalating trade war with Washington.
“Playing the stock market is the biggest mistake of my life,” said Chen Yin, 37, a Shanghai-based retail investor. “The market downturn makes me feel hopeless.”
Source: SCMP – China

The US weapons Taiwan wants to bolster its defences

A senior official Pentagon official’s comments last week that the United States is moving towards a “more normal foreign military sales relationship” with Taiwan could signal that the self-ruled island will be able to boost its defence capabilities with US military hardware.
Randall Schriver, the assistant secretary of defence for Asian and Pacific security affairs, said the Trump administration would push for more arms sales to Taiwan, a move that would be bitterly opposed by…
Source: SCMP – China

US-China trade war is really a clash of civilisations and ideologies

The conflict between China and the United States is a competition between two different civilisations and value systems.
While the trade imbalance between the two countries continues to make headlines, it actually means little to either. For China, the role of net export contribution to economic growth has been negative in most years since 2008. For the US, a trade deficit is inevitable when it consumes 30 per cent of the world’s products but produces only 13 per cent. Both Washington and…
Source: SCMP – China

China’s US ambassador Cui Tiankai says Beijing confused over who speaks for Trump on trade

China’s ambassador to the US said Beijing has no choice but to respond to what he described as a trade war started by the US.

“We never wanted a trade war, but if somebody started a trade war against us, we have to respond and defend our own interests,” Ambassador Cui Tiankai said on Fox News Sunday in a rare US television appearance.

His comments come amid high political and economic tensions between the world’s two largest economies, with officials from both…
Source: SCMP – China

China’s removal of Meng Hongwei completes reshaping of public security ministry

The downfall of the former head of Interpol, Meng Hongwei, effectively completed a gradual change of guard in the top echelon of the 2 million strong police force Chinese President Xi Jinping inherited five years ago.
Analysts said the line-up of the minister and his deputies at the Ministry of Public Security, where Meng was a senior vice-minister, reflected how Communist Party leaders had traditionally seen the political importance of the police force.
Meng’s name and title were deleted…
Source: SCMP – China

South China Sea set to top agenda at Asean defence ministers’ meeting

Long-standing tensions in the South China Sea are expected to come to the fore at a key regional defence meeting in Southeast Asia next week, amid an intensifying strategic clash between China and the US.
Defence ministers from the 10 members of the Association of Southeast Asian Nations (Asean) will gather in Singapore for their 12th annual meeting from Thursday to Saturday, along with their counterparts from China, the United States, Australia, India and Japan.
While observers expect the…
Source: SCMP – China

Chinese-American parents invest in a multilingual future for their children

For Mia Riverton Alpert, passing down her Mandarin language skills to her children is an absolute priority.
“Growing up in the Midwest [United States] in the 1980s, I didn’t have the internet and was at an English-speaking day care,” said the Los Angeles writer and actress who is of both Taiwanese and white American ancestry.
“I didn’t have as much exposure as I wish I’d had to develop fluency. As much as I wanted to impart what I’d grown up with, I…
Source: SCMP – China

Chinese official says ‘sinicization’ of religion in Xinjiang must go on

The “sinicization” of religion must be upheld to promote ethnic solidarity and religious harmony, a senior Chinese official has said in the troubled western region of Xinjiang, which is home to a large Muslim population.
China’s state-run Xinhua news agency on Saturday quoted You Quan, head of the ruling Communist Party’s United Front Work Department, which oversees ethnic and religious affairs, as making the remarks on a visit to Xinjiang this week.
“The Party…
Source: SCMP – China

EU’s rival infrastructure fund could lead to better deals for Asia but China's belt and road still leads the way

The European Union is poised to become a stronger player in Asia with the unveiling next week of its alternative to China’s belt and road investment strategy.
The Euro-Asian connectivity strategy is expected to be agreed by the member states on Monday and formally unveiled at Thursday’s Asia-Europe Meeting in Brussels.
In addition to the strategy, the EU is also working on plans to boost investment in India and Central Asia.
Observers said the moves would increase competition for…
Source: SCMP – China

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