China

China Plans to Ban U.S. IPOs for Data-Heavy Tech Firms
29Aug By Desk TeamNo Comments
Business, China, World

China Plans to Ban U.S. IPOs for Data-Heavy Tech Firms

China's stock regulator plans to propose new rules that could thwart internet companies' plans to list in the U.S. A trader works June 30 during the IPO for Chinese ride-hailing firm Didi Global Inc on the floor of the New York Stock Exchange in New York City. Beijing plans to propose new rules that would ban Chinese firms with large amounts of sensitive consumer data from going public in the U.S. China plans to propose new rules that would ban companies with large amounts of sensitive consumer data from going public in the U.S., people familiar with the matter said, a move that is likely to thwart the ambitions of the country's tech firms to list abroad. In recent weeks, officials from China's stock regulator have told some companies and international investors that the new rules would...
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54 years on, Asean needs new modality
28Aug By Desk TeamNo Comments
China, Conflict, Politics, Singapore, World

54 years on, Asean needs new modality

54 years on, Asean needs new modality Flags of Asean countries are displayed in front of the Asean head office in Jakarta, Indonesia. The bloc celebrated its 54th anniversary on Sunday. Asean faces an unprecedented challenge in dealing with the political crisis in Myanmar. (PHOTO COURTESY OF ASEAN) After 54 years of being together, Asean is at the end of its tether. It has never been more divided than now, split within member states and across all 10 of them, dominated once again by divisive superpower rivalry and competition. In practice, this means Asean will appear increasingly ineffectual and inert. There will be much bureaucratic motion but few substantive organisational and policy outcomes amid unresolved challenges from within and from outside the region. Asean's best way forward ...
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China continues to plan over 100 GW of new coal projects despite rejection from Greenpeace
28Aug By News DeskNo Comments
China, World

China continues to plan over 100 GW of new coal projects despite rejection from Greenpeace

SHANGHAI: Environmental group Greenpeace said China still continues to plan more than 100 gigawatts (GW) of new coal-fired power capacity despite a decline in new approvals. Local planning agencies approved 24 new coal-fired power plants with a total capacity of 5.2 GW in the first six months of 2021, Greenpeace said. The figure is down nearly 80% from a year earlier, when new projects surged to help China's post-lockdown recovery, but it puts total planned capacity on China's provincial project lists at 104.8 GW, it said - enough to power the whole of the United Kingdom. Earlier this month, a U.N. climate panel said global warming is dangerously close to spiralling out of control and urged immediate, rapid and large-scale action to reduce emissions. China, the world's biggest...
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Virtual expo offers marketing bargains
27Aug By Desk TeamNo Comments
Business, China, World

Virtual expo offers marketing bargains

The homepage of Virtual Property Expo 2021. Event organiser Rightman Co and digital marketing group YDM (Thailand) aim to achieve 5 billion baht in sales at a four-day virtual property expo which costs a fraction of a traditional brick-and-mortar fair. Kampol Nisitsukcharoen, vice-president of event organiser Rightman Co, said that expos are one of the most powerful marketing tools as they can generate high sales volumes from one place where a large number of exhibitors and buyers congregate. "Exhibitions might be halted by the pandemic shutdowns, so every business needs to move on amid the unpredictable, struggling times," he said. "As volume makes an impact, we will hold a virtual expo for Thai properties to boost sales online." Virtual Property Expo 2021, through www.propertyexpo.ne...
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China’s Massive Military is Major Concern’, Says US Admiral John C Aquilino
27Aug By News DeskNo Comments
Asia, China

China’s Massive Military is Major Concern’, Says US Admiral John C Aquilino

New Delhi: Head of the US Indo-pacific Command has raised concerns over the increasing military of China. Speaking at an Observer Research Foundation event on "The India-US Partnership: Securing the 21st Century" in New Delhi on Wednesday, Admiral John C Aquilino the commander of US Indo-Pacific Command also expressed concerns over Beijing's larger aircraft carrier programmes. "Entire Chinese way forward with regard to military expansion, the largest military build-up in history since WWII both conventional and nuclear in all domains. I don't think I will try to explain what their intent is but trying to understand their intent is a little concern," said Admiral Aquilino.  Aquilino said: "The articulation of defensive capabilities is what we continue to hear. We also continu...
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Residents: Myanmar leaders use pandemic as political weapon
27Aug By Desk TeamNo Comments
China, World

Residents: Myanmar leaders use pandemic as political weapon

BANGKOK (AP) — With coronavirus deaths rising in Myanmar, allegations are growing from residents and human rights activists that the military government, which seized control in February, is using the pandemic to consolidate power and crush opposition. In the last week, the per capita death rate in Myanmar surpassed those of Indonesia and Malaysia to become the worst in Southeast Asia. The country’s crippled health care system has rapidly become overwhelmed with new patients sick with COVID-19. Supplies of medical oxygen are running low, and the government has restricted its private sale in many places, saying it is trying to prevent hoarding. But that has led to widespread allegations that the stocks are being directed to government supporters and military-run hospitals. At the same ti
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China outbreak spreads as WHO sounds alarm on Delta
27Aug By Desk TeamNo Comments
China, Singapore, World

China outbreak spreads as WHO sounds alarm on Delta

China outbreak spreads as WHO sounds alarm on Delta China’s worst surge of coronavirus infections in months spread to two more areas. BEIJING: Mushrooming outbreaks of the highly contagious Delta variant prompted China and Australia to impose stricter Covid-19 restrictions on Saturday as the WHO urged the world to quickly contain the mutation before it turns into something deadlier and draws out the pandemic. China's most serious surge of coronavirus infections in months spread to two more areas Saturday -- Fujian province and the sprawling megacity of Chongqing. More than 200 cases have been linked to a Delta cluster in Nanjing city where nine cleaners at an international airport tested positive, with the outbreak spanning Beijing, Chongqing and five provinces as of Saturday. The nat
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China in new debate, uses ‘cyber theft’ to bolster its military
26Aug By Spost_adminNo Comments
Business, China, World

China in new debate, uses ‘cyber theft’ to bolster its military

Beijing, China: Peter Suciu, writing in The National Interest, said that there is no denying that Beijing has taken it to heart especially where military hardware is involved. In the spring of 2019, the Pentagon accused China of using “cyber theft” and other methods to bolster its military. In 2007 Lockheed Martin had found that Chinese hackers had been stealing technical documents related to the F-35 program, while a similar theft occurred when hackers working for Beijing breached a network of an Australian F-35 sub-contractor, the Asia Times reported. Based on those breaches, it seems likely that the Chinese had acquired crucial information and technical data that has been utilised in the production of the J-20. Also, the J-20’s development began in earnest only after the F-22 was
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Delta blow knocks wind out of Asia’s economic recovery
26Aug By Desk TeamNo Comments
Asia, China, Singapore, World

Delta blow knocks wind out of Asia’s economic recovery

Delta blow knocks wind out of Asia's economic recovery FILE PHOTO: Coronavirus disease patients sit in beds after being admitted in the chapel of Quezon City General Hospital turned into a Covid-19 ward amid rising infections, in Quezon City, Metro Manila, Philippines, Aug 20, 2021. (Reuters) TOKYO: Asia's robust economic recovery from last year's coronavirus low is losing momentum as a surge in Covid-19 cases sees shops empty again and factories close, dimming prospects for corporate profit growth after a blockbuster half year. The rapid spread of the highly infectious Delta variant of the novel coronavirus and low vaccination rates have caught much of the region off-guard, especially in emerging markets, even as economies in Europe and North America reopen. "It's clear that economies...
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China’s youth react to gaming curbs with anguish and cunning
25Aug By Desk TeamNo Comments
China, World

China’s youth react to gaming curbs with anguish and cunning

China's youth react to gaming curbs with anguish and cunning Online gaming appears to be the latest target for China's regulators. BEIJING: It is Zhang Yuchen's last summer break before high school, but events have taken an unwelcome turn -- the 14-year-old's game time has been decimated as China's tech firms try to dispel accusations that they are selling "spiritual opium" to the country's youth. An edict by gaming giant Tencent means players under 12 can no longer make in-game purchases in multiplayer battle smash-hit "Honor of Kings", while under-18s are locked out after two hours during holidays and one hour on school nights. "I wanted to cry," an anguished Zhang said as the news ricocheted across the world's largest gaming market, which soaked up $20 billion in the first half of t...
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