China’s Social Credit System

By Soo-hyang Choi SEOUL (Reuters) - South Korean prosecutors said they indicted a former Samsung Electronics executive on Monday on suspicions of stealing the company's technology to build a chip factory in China. The defendant, who also formerly worked at SK Hynix as a vice president, is accused of illegally…

China has been spying on the U.S. from Cuba for years, according to a Biden administration official. The admission came days after the Biden administration denied a Wall Street Journal report on Thursday that China and Cuba had reached an agreement to put an electronic eavesdropping facility in Cuba —…

For the first time, China, together with Pakistan and Iran, has decided to find ways and means to counter the threat of terrorism facing the region, media reports said. For China, which is behind the CPEC projects in the region, this trilateral cooperation would go a long way to ensure…

Policymakers should insist manufacturers include controls in artificial intelligence-based weapons systems that allow them to be turned off if they get out of control, experts told the UK Parliament. Speaking to the House of Lords AI in Weapons Systems Committee, Lord Sedwill, former security advisor and senior civil servant, said…

Germany appears to have been the big winner from the EU's newly announced chip project, picking up about half of the public funding on offer. But one company not winning is chipmaker Nexperia, which has reportedly been refused subsidies by the German authorities because of its China connection. The European…

HONG KONG/SHANGHAI :Credit Suisse and a joint venture partner are seeking buyers for their China securities brokerage business due to the Swiss bank's takeover by rival UBS, said two people with direct knowledge of the matter. Citigroup had at one point shown interest in acquiring Credit Suisse Securities China (CSS),…

BEIJING: Thousands of people were evacuated from several high-rise apartment buildings in the northern Chinese city of Tianjin in recent days after land collapses created large cracks on nearby streets, according to state media and the local government. Large fissures appeared on roads near a residential complex in Tianjin's Jinnan…

Secretary for Health to lead delegation to visit Shanghai *********************************************************      The Secretary for Health, Professor Lo Chung-mau, will lead a delegation to Shanghai today (June 8) for a three-day visit starting tomorrow (June 9) and participate in the China Organ Donation Day event organised by the China Organ Transplantation…

BEIJING/HONG KONG: China's largest commercial property developer Dalian Wanda Group on Thursday (Jun 8) said it is appealing a court decision to freeze 1.9 billion yuan (US$266.23 million) worth of shares it owns in a subsidiary. The group in a statement said it "is confident it will defend its legitimate rights".…

AUD/USD fades upside momentum at the highest levels in three weeks, prods intraday low of late. China trade surplus eases, imports increase but exports drop in May. 61.8% Fibonacci retracement prods Aussie buyers amid overbought RSI conditions. Sellers need validation from convergence of 200-SMA, 50% Fibonacci retracement level. AUD/USD bulls…