China frees detained Canadians Michael Kovrig and Michael Spavor — China pledges to stop building new coal energy plants abroad — ‘Eerie silence’ as Evergrande misses payment deadline
China declares transactions involving cryptocurrencies illegal
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Ziba Murat is one of eight Uyghur people who told Reuters they have spent years searching for information on relatives who were detained and have since been charged and imprisoned in Xinjiang.
A potential COVID-19 vaccine from China's Clover Biopharmaceuticals was 67% effective against COVID-19 of any degree of severity and 79% against the highly infectious Delta variant in a large trial, the company said on Wednesday.
The group behind Hong Kong’s annual Tiananmen Massacre vigil has decided to disband after 32 years following a vote at a special meeting on Saturday. It comes after months of pressure from the authorities and the arrest of the group’s leadership.
China has voiced opposition to Taiwan joining a major trans-Pacific trade deal as it flew 24 planes – including two nuclear-capable bombers – into the self-ruled island’s air defence zone, the biggest incursion in weeks, Taiwanese officials said.
China is an "arch criminal" intent on bullying Taiwan and has no right to oppose or comment on its bid to join a pan-Pacific trade pact, Taiwan's government said in an escalating war of words over Taipei and Beijing's decision to apply.
Mindful of public opinion, the Nationalists have advocated a less acrimonious relationship with China, rather than direct moves toward unification between the sides, which are bound by close economic, linguistic and cultural ties.
Taiwan’s government, under the current president, Tsai Ing-wen, says it doesn’t seek conflict. It maintains that Taiwan is already a sovereign nation with no need to declare independence. But that position is irreconcilable with Beijing’s aims.
The two Michaels, as they came to be known, were detained in December 2018 on accusations of espionage, shortly after Vancouver police arrested Meng on a US warrant, over allegations she and the company breached economic sanctions on Iran.
China Can’t Win an Arms Race With the U.S. — Bloomberg
Attempting to match the combined military might of America and its allies would require a radical increase in defense spending — the same trap that ensnared the Soviets.
Lithuania’s Defence Ministry has recommended that consumers avoid buying Chinese mobile phones and advised people to throw away the ones they have now, after a government report found the devices had built-in censorship capabilities.
Chinese state-sponsored hacking is at record levels, western experts say, accusing Beijing of engaging in a form of low-level warfare that is escalating despite US, British and other political efforts to bring it to a halt.
Xi Jinping’s global vision — Politico
Chinese President Xi Jinping’s speech to the United Nations General Assembly on Tuesday constituted an explicit pitch to developing countries for a post-U.S. dominant world order hinged to China’s economic development model.
South Korean President Moon Jae-in reiterated a proposal to formally end the Korean War in a speech at the U.N. on Tuesday, calling for the support of the U.S. and China.
Two activists based in the southern Chinese city of Guangzhou – including one of China’s most well-known women’s rights campaigners, have lost contact with their friends, raising fears that the pair may have been detained by police.
On Thursday, leading social media platforms Douyin — the Chinese version of TikTok — and Little Red Book said they banned several online influencer accounts accused of hyping themselves as Buddhist socialites for spurious marketing purposes. The platforms also deleted dozens of related posts and videos involving such content.
While international names may hurt domestic park operators in the short run, experts say they will eventually pressure local brands to diversify and improve their services.
Economy & Finance
‘Eerie silence’ as Evergrande misses payment deadline — The Guardian
The embattled Chinese property developer Evergrande is inching closer to the potential default that investors fear, after missing an interest payment deadline.
What Does Evergrande Meltdown Mean for China — Carnegie Endowment for International Peace
The impact of Evergrande has caused financial distress to spread faster and more forcefully than Beijing’s financial regulators expected, putting pressure on them to move quickly to stop the contagion. But they cannot rescue Evergrande’s creditors without also undermining their fight against bad debt.
When it comes to the actual scale of impact, analysts point out that Evergrande holds land, while Lehman held financial assets.
China is tightening a crackdown on tax evasion targeting individuals and businesses in the entertainment industry following several high-profile cases.
The settlement plan is still subject to approval from courts in the US and Cayman Islands, according to a Tuesday statement from the company, which is registered in the Cayman Islands.
Science & Tech
China’s central bank has declared illegal all transactions involving bitcoin and other virtual currencies, stepping up a campaign to block use of unofficial digital money.
How China Wants to Tame Tech’s Use of Algorithms — China Media Project
On August 27, the Cyberspace Administration of China unveiled draft regulations that look to restrict a large variety of companies in how they use algorithms to recommend content, tailor prices, and govern gig workers. Rogier Creemers, an assistant professor at Leiden University whose research focuses on China’s policies for digital technologies, says the new rules are a signal to tech companies that the government is no longer giving them special treatment.
A Nobel Prize winner in Physics, Yang made distinguished contributions to the fields of statistical mechanics and symmetry principles.
Here are the most ingenious methods Chinese citizens have created (so far) to circumvent recent restrictions on off-campus tutoring and online gaming time for the country's youth.
Taking Aim at China’s ‘3:30 p.m. Dilemma’ — Sixth Tone
Regardless of policy changes, wealthy parents have the resources needed to make after-school hours productive. That leaves working-class families in a bind.
Roughly 40% of China’s high school-age population attends vocational school. They represent the future of the country’s workforce, so why can't they get any respect?
International students stuck outside China amid the pandemic have been using the hashtag #takeusbacktoChina to vent their frustration
China will not build new coal-fire projects abroad, a move that could be pivotal in tackling global emissions.
There’s little doubt about how significant China’s promise to stop funding overseas coal-fired power projects is. Until recently, China, Japan and South Korea accounted for more than 95% of all foreign financing for coal-fired power plants, according to Georgetown University. Japan and South Korea promised to cease such operations early this year.
Chinese Olympic champion Wang Shun extended his National Games medal record with another gold in the pool in Xian on Friday night, his sixth of these games and 15th overall.
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