China

Two Chinese nationals arrested by cops in ops theft in bitcoin.
21Apr mmBy Mike TrudellNo Comments
China

Two Chinese nationals arrested by cops in ops theft in bitcoin.

SERDANG: Police have arrested 2 chines nationalist and seized 297 bitcoin mining machines.Serdang Deputy OCPD Supt Mohd Rosdi Daud said a team from the Serdang CID together with Tenaga Nasional Bhd (TNB) personnel raided three premises at Atmosphere 5, Pusat Perdagangan Bandar Putra Permai around 3pm on April 8."We arrested two Chinese nationals, a man and a woman, aged 32 and 38."When we checked the premises, we found evidence of tampering with the electricity supply," he told reporters at Serdang police headquarters on Monday (April 19).Supt Mohd Rosdi said the two foreigners had been hired to act as caretakers of the premises which were being used to house bitcoin mining operations."The two foreigners have been remanded until April 28 to help with investigations," he said, adding that ...
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China militarizing counter space by building ‘destructive missiles
19Apr mmBy Brian ThompsonNo Comments
China, USA

China militarizing counter space by building ‘destructive missiles

Chine is in action to build counterspace weapons to US- owned aircraft. The Office of the Director of National Intelligence has released a report detailing efforts made by the Chinese military that would match if not exceed current US technology in the upcoming years. The Global Risk Assessment report, released by the director's office, states that China's military, the People’s Liberation Army, is expanding its ambitious space goals and reaping major economic benefits in the meantime. Beijing "has counterspaceweapons capabilities" that will allow the country "to gain the military, economic, and prestige benefits that Washington has accrued from space leadership." “Beijing continues to train its military space elements and field new destructive and nondestructive ground- and s...
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15Apr By Online DeskNo Comments
China

USM and China program halts are no more in ties of a fund

PORTLAND, Maine (AP) — The official of University of Southern Maine said they are closing programs like Mandarin Chinese language classes and other cultural programs as the funded program between USM and China ends.The university remains dedicated to “person-to-person exchanges, enhancing global understanding, and promoting cross-cultural learning” but that too few students were utilizing the Confucius Institute, said Marc Glass, director of public affairs at USM.“While our relationship with Confucius Institute enhanced our language curriculum, we found that it reached too few students to be sustainable,” Glass said in a statement.The announcement came against a backdrop of increased scrutiny after the Trump administration encouraged colleges last fall to rethink their ties to the Confuci...
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15Apr By Online DeskNo Comments
China

Jack Ma’s Ant Group is being forced by China to restructure

over concerns about its finance model Ant Group's mega $37bn (£27bn) share market launch was derailed by regulators in November.The latest move is part of a wider crackdown by China to reign in the country's fast-growing tech platforms.Ant's affiliate company Alibaba was hit with a record fine of $2.8bn on Friday over monopoly concerns.The overhaul, directed by the People's Bank of China, subjects Ant to tougher regulatory oversight and minimum capital requirements. Ant Group is China's biggest payments provider, with more than 730 million monthly users on its digital payments service Alipay. China's central bank said that under a "comprehensive and feasible restructuring plan," Ant would also cut the "improper" linkage between Alipay, and its credit card and consumer loan services. Its t...
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15Apr By Online DeskNo Comments
China, World

Leading Japan’s ketchup company and many others halted tomato import over China’s behaviour with Uyghur Muslim

NAGOYA, Japan - after the reports against the chinese behaviour with the Uyghur Muslims, the Leading Japanese ketchup producer Kagome and many others have stopped sourcing and importing totatos from China's Xinjiang region.  Kagome halted import of Xinjiang-grown tomato paste used in some of its sauce products last year. Tomatoes that have already been imported will be used up by the end of this year.Along with costs and quality, "human rights problems have become a factor in making decisions," said a Kagome representative.Kagome is believed to be the first major Japanese corporation to stop doing business with the region over the Uyghur issue. A host of popular Western brands, including H&M and Nike, have stopped buying materials made in the region, which in turn spurred a backlash f...
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15Apr By Online DeskNo Comments
China, World

To maintain foreign exchange, Sri Lanka took loan from China.

COLOMBO: AS Sri Lanka’s local currency hit a record low, it took load from china of  US$500 million in a hope to shore up its foreign exchange.The Sri Lankan embassy in Beijing said the loan agreement with the China Development Bank will "infuse vitally required foreign exchange" into the island's pandemic-battered economy.It is the second Chinese loan made in less than three weeks.Last month, the People's Bank of China granted a US$1.5 billion currency swap to finance imports from China, a key supplier of manufactured goods to the island which is struggling to pay for imports.Sri Lanka's rupee hit a record low of 202.73 to the US dollar, as the country's foreign reserves fell to US$4.05 billion at the end of March, the lowest in 12 years.The country's economy contracted by a record 3.9 p...
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Amid rising tensions, China suspends pineapples import from Taiwan
28Feb mmBy Mike TrudellNo Comments
China, World

Amid rising tensions, China suspends pineapples import from Taiwan

China has abruptly suspended imports of pineapples from Taiwan to step up its economic pressure against the Taiwanese government.The Chinese General Administration of customs reported that from Monday, China will stop importing pineapples from Taiwan.“This move was a normal precaution to protect biosecurity and prevent the import of plant diseases,” said the spokesperson for China’s Taiwan Affairs Office.Presidential Office spokesman Xavier Chang said that China’s action is “unfriendly.”Taiwan produces nearly 420,000 tonnes of pineapples every year. It had exported 6,200 batches to China since last year, with only 13 batches, totalling 141 tonnes, failing tests, meaning the qualification rate was 99.79 per cent.“Taiwan’s Council of Agriculture (COA) announced that it would spend NT$1 billi...
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US-China tensions over South China Sea to continue under Biden administration: Report
28Feb mmBy Mike TrudellNo Comments
China, World

US-China tensions over South China Sea to continue under Biden administration: Report

With Chinese military conducting a live-fire drill to test its response to repeated missile attacks in a “far sea” and US stepping up reconnaissance activities, it seems that tensions between Beijing and Washington over the South China Sea will continue under the new Joe Biden administration.There are fresh signs from the Chinese and the American armed forces that tensions over the South China Sea will continue, according to media reports.The Chinese military’s Southern Theatre Command conducted a live-fire drill to test its response to repeated missile attacks in a “far sea”, state broadcaster CCTV reported on Saturday without saying when or where the exercise took place.The drill involved the guided-missile destroyer Yinchuan, guided-missile frigate Hengyang, the amphibious dock landing ...
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US moves bill to ban 10-year multiple-entry visa to China to curb “espionage”
28Feb mmBy Mike TrudellNo Comments
China, World

US moves bill to ban 10-year multiple-entry visa to China to curb “espionage”

A group of US Republican senators have introduced a legislation to end China's access to 10-year multi-entry visas until it is certified that Beijing has ceased its campaign of "economic and industrial espionage" against Washington.The legislation, Visa Security Act, was introduced by Senators Marsha Blackburn, Tom Cotton, Rick Scott, Ted Cruz, and Marco Rubio on Friday.If passed, it would prohibit Chinese nationals from receiving 10-year B-1/B-2 visas until the Secretary of State certifies that China has "ceased its campaign of economic and industrial espionage against the United States and ended its provocative and coercive behaviour towards Taiwan."The B-1/B-2 visas are issued to those who come to the US for business, visit or tourism purposes.Under this legislation, Chinese citizens wo...
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China backs New Delhi’s hosting of BRICS summit; Xi Jinping may visit India
24Feb mmBy Joe RodriguezNo Comments
Asia, China

China backs New Delhi’s hosting of BRICS summit; Xi Jinping may visit India

After months of tension between India and China due to the standoff along the Line of Actual Control (LAC), Beijing has said that it supports India’s chairmanship of the BRICS summit this year.India has assumed chairmanship of the annual summit of the BRICS (Brazil, Russia, India, China, and South Africa) grouping of emerging economies.Chinese President Xi Jinping may visit India later this year for the summit.Asked about Xi’s possible attendance at the summit and whether the border tension would affect their multilateral cooperation, Chinese Foreign Ministry spokesman Wang Wenbin said BRICS had become an influential grouping and Beijing supported New Delhi’s efforts as host.“China attaches great importance to the BRICS mechanism,” Wang said at a regular press conference.“The Chinese side ...
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