Posts

The crackdown comes from a committee led by Vice Premier Liu He, who announced the crackdown late Friday as part of an effort to fend off financial risks. It also comes as part of China’s efforts to meet a goal of carbon neutrality. According to a recent study published in the scientific journal Nature Communications, without regulations or intervention, China’s cryptocurrency energy consumption would peak in 2024 at 296.59 terrawatt-hours and generate 130....

Three astronauts will spend three months conducting spacewalks, science experiments and performing maintenance on the Tianhe, or Heavenly Harmony, space station that launched into orbit on April 29, the Associated Press reported. The Chinese space agency plans for 11 launches through the end of next year to expand the station. Once Tianhe is complete, it will allow for stays up to six months. The station is reportedly intended to be used for 15 years and may outlast the International Space Station, which is approaching the end of its functional lifespan....

Antiaircraft defenses now in use are cued by radars that detect and track incoming aircraft. But the radars are vulnerable: their signals can be jammed or missiles can be launched to ride back down the radar beams and destroy the transmitters. Instead of transmitting its own signals, China’s new Passive Coherent Location system tracks the signals of civilian radio and TV broadcasts and picks up aircraft by analyzing the minute turbulence their flight causes in the commercial wavelengths....

The rocket carried China’s core space station module named Tianhe, or Heavenly Harmony, into orbit on April 29. “As far as I understand, this type of rocket adopts a special technical design, and the vast majority of the devices will be burnt up and destructed during the re-entry process, which has a very low probability of causing harm to aviation activities and the ground,” China’s Foreign Ministry spokesperson Wang Wenbin said during a briefing....

Despite netting a new stream of cash flow through this deal, Evergrande could not come up with the funds in time to meet payment on $47.5 million worth of bond interest by the close of the Chinese business day on Wednesday. It remains unknown whether the payment can be settled during U.S. business hours. Evergrande faces over $300 billion worth of debts, $88.5 billion of which bear interest. Earlier this month, uncertainty surrounded the status of Evergrande’s ability to afford an $83 million payment by a September 23 deadline....

Matt Korda and Hans Kristensen, who study the global arms buildup for the Nuclear Information Project at the Federation of American Scientists (FAS) in Washington, D.C., said the newly discovered missile field in Hami, Xinjiang, is spread across an area of about 308 square miles. It is located 240 miles northwest of Yumen, Gansu province, where around 120 under-construction missile bases were found just a month earlier by researchers at the Martin Center for Nonproliferation Studies (CNS) in California....

Liu Xiaoming, who was the top Chinese envoy in London for a decade until January this year, said Beijing 2022 “is not a stage for political posturing and manipulation.” In an apparent attempt to offset the Biden administration’s otherwise symbolic protest, Liu tweeted that U.S. politicians were “hyping a ‘diplomatic boycott’ without even being invited to the Games.” The Chinese official—now his country’s special representative for Korean Peninsula affairs—called it “wishful thinking....

India and China will keep troops in the forward areas of Ladakh for another winter, which reaches dangerous freezing temperatures in the contested region. Commanders from both armies met Sunday after two months of silence at Moldo on the Chinese side of the Ladakh border. In a statement, India’s defense ministry said it provided “constructive suggestions” that China was “not agreeable” to and “could not provide any forward-looking proposals.”...

A Chinese sportswear firm sued by Michael Jordan over unauthorised use of his name has countersued the retired NBA superstar for $8.0 million for hurting its reputation, state media said Wednesday. Jordan’s original lawsuit against Qiaodan last year alleged the firm deliberately misled Chinese consumers about its ties to the six-time NBA champion. Jordan said he was taking action to preserve ownership of his name and brand. Jordan has been known in China by the Chinese name “Qiaodan” since he became a global basketball star in the 1980s....

Calls for the boycott from U.K. lawmakers began earlier this month, when a British parliamentary committee issued a report calling for the boycott to pressure China to “end its persecution” of the minority Muslim group. Iain Duncan Smith told the House of Commons on Thursday: “We have forgotten what happened when we appeased another ghastly dictatorship. “Sixty million people died as a result of our failure when we appeased them and we are on the same course today....

Until recently, largely all that money was stuck in the Middle Kingdom. For decades, communist China didn’t allow money to go abroad, because it had so little at home. Once it opened up in the early 1980s, China was afraid volatile capital flows would turn its accelerating economic growth into a wild roller-coaster ride. And when Beijing saw capital flight undermine neighboring economies during the Asian financial crisis of 1997, it came to believe even more strongly in controlling outward money flows, and in resisting pressure to make its currency fully convertible....

The death toll in Israel and Gaza continues to rise as both sides of the escalating conflict refuse to back down. A Sunday meeting between United Nation members raised concerns that the violence could erupt into an all-out war and sparked debate about Israel’s right to defend itself. China pushed for the Security Council to call for immediate de-escalation in one unified statement. While other members were on board, the United States objected to the effort, adding tension to an already strained relationship between the U....

More than 48,000 people have contracted the virus in the Hubei province while the death toll has risen to over 1,300. Under a new plan for treatment of the virus, the General Office of the National Health and Health Commission and the Office of State Administration of Traditional Chinese Medicine have added clinical diagnoses to their patient classifications “so that patients can receive standardized treatment according to confirmed cases as early as possible to further improve the success rate of treatment,” said a Wednesday news release....

Some analysis in Taiwan has raised the possibility of seeing a more toned-down approach by Beijing after Chinese Communist Party General Secretary Xi overcomes leadership contenders and retains his position as the nation’s paramount leader during the party’s 20th National Congress. “We can always hope for the best, but we sure need to prepare for the worst,” said Chiu Chui-cheng, deputy minister at the Mainland Affairs Council in Taipei....

Offense was the name of the game, as the teams combined to score 105 points, the most in “Monday Night Football” history and the third most in a single game in NFL history. WINNERS & LOSERS: Rams-Chiefs result sends ripples around NFL Jared Goff’s four passing touchdowns and one rushing touchdown on 413 yards passing helped lead the way for the Rams. Linebacker Samson Ebukam helped seal the deal for LA with a fumble return for a touchdown and an interception return for a touchdown....

China, sitting bottom of their group, only have a slim hope of qualifying for next year’s World Cup. Lippi’s side will have to win both of their remaining qualifiers first and then keep an eye on other teams’ results to reach the competition in Russia. Several reports claim the CFA are left frustrated by Lippi’s performance and are planning to part ways with the former Italy national team boss....

China Mobile is among the biggest operator in the world with almost 700 million subscribers. It will bring out the Lumia 920T the first phone to be based on Microsoft’s new Windows Phone 8 platform in China’s third-generation (3G) network. Successful of sales of Lumia 920 and 820 models has given a boost to Nokia shares. It has been predicted that with Lumia 920, Nokia will get its lost position in the smartphone market....