Day: September 25, 2021

Chinese police take away HNA chairman, CEO on suspicion of crimes

Chin@Strategy

SHANGHAI, Sept 24 (Reuters) – China’s HNA Group, once one of the country’s most acquisitive conglomerates, said on Friday that its chairman and its chief executive had been taken away by police due to suspected criminal offences. The company, placed in bankruptcy administration in February, said in a statement on its official WeChat account it had been notified by police in its home province of Hainan, southern China, that Chairman Chen Feng and CEO Tan Xiangdong had been taken. read more “The operations of HNA Group and its member companies…

How Record Rain and Officials’ Mistakes in China Led to Drownings on a Subway

Chin@Strategy

ZHENGZHOU, China — The heaviest hour of rainfall ever reliably recorded in China crashed like a miles-wide waterfall over the city of Zhengzhou on July 20, killing at least 300 people, including 14 who drowned in a subway tunnel. In the aftermath, regional and national officials initially suggested that little could have been done in the face of a storm of such magnitude. But an analysis of how the authorities responded that day, based on government documents, interviews with experts and Chinese news reports, shows that flaws in the subway…

To Get Back Meng Wanzhou, China Uses a Hardball Tactic: Seizing Foreigners

Chin@Strategy

In a rapid-fire climax to a 1,030-day standoff, China prepared to welcome home a company executive whose arrest in Canada and possible extradition to the United States made her a focus of superpower friction. In getting her back, Beijing brandished a formidable political tool: using detained foreign citizens as bargaining chips in disputes with other countries. The executive, Meng Wanzhou, was set to land in China on Saturday night local time to a public that widely sees her as a victim of arrogant American overreach. By the same turn, Michael…

Who Is Meng Wanzhou?

Chin@Strategy

When Meng Wanzhou was arrested by the Canadian authorities in the Vancouver airport while changing flights December 2018, she suddenly became one of the world’s most famous detainees. Her arrest — made at the United States’ request for her extradition on fraud charges — provoked a storm of recriminations from China, landed Ms. Meng in legal limbo, and put Canada in the middle of a fight between two world powers. Ms. Meng has been a public face of Huawei. She began her career there more than 25 years ago and…