Tim Cook reportedly signed five-year $275bn deal with Chinese officials

Tim Cook, the chief executive of Apple, signed an agreement with Chinese officials, estimated to be worth about $275bn, to placate threats that would have hobbled its devices and services in the country, The Information reported on Tuesday. Apple did not immediately respond to a Reuters request for comment. The five-year agreement was made when Cook paid visits to China in 2016 to quash a host of regulatory action against the company, the report said, citing interviews and internal Apple documents. Cook lobbied Chinese officials, who believed the company was…

China Evergrande Investors Relax Despite Default Deadline

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HONG KONG — For months, as a troubled property company called China Evergrande spooked global markets with its financial problems, Beijing sat on the sidelines. Now, the government is taking a more hands-on role. Evergrande, the world’s most indebted property developer, said officials from several state-backed institutions had joined a risk committee that would help the company restructure itself. The committee, led by Evergrande’s founder, Xu Jiayin, will “play an important role in mitigating and eliminating future risks,” the company said in a filing late on Monday. The formation of…

White House Makes It Official: No US Delegation to Attend Beijing 2022 Olympics

white house makes it official no us delegation to attend beijing 2022 olympics

Advertisement On Monday, the White House confirmed reports that it was instituting a diplomatic boycott on the Beijing 2022 Winter Olympics. “The Biden administration will not send any diplomatic or official representation to the Beijing 2022 Winter Olympics and Paralympic Games given the PRC’s ongoing genocide and crimes against humanity in Xinjiang and other human rights abuses,” White House Press Secretary Jen Psaki told reporters. She added, “The athletes on Team USA have our full support,” but the Biden administration “will not be contributing to the fanfare of the Games.”…

Ahead of Biden’s Democracy Summit, China Says: We’re Also a Democracy

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BEIJING — As President Biden prepares to host a “summit for democracy” this week, China has counterattacked with an improbable claim: It’s a democracy, too. No matter that the Communist Party of China rules the country’s 1.4 billion people with no tolerance for opposition parties; that its leader, Xi Jinping, rose to power through an opaque political process without popular elections; that publicly calling for democracy in China is punished harshly, often with long prison sentences. “There is no fixed model of democracy; it manifests itself in many forms,” the…

China attacks US diplomatic boycott of Winter Games as ‘travesty’ of Olympic spirit

China has reacted angrily to the US government’s diplomatic boycott of next year’s Winter Olympics, as more countries said they would consider joining the protest over Beijing’s human rights record and New Zealand announced it would not send representatives to the Games. Chinese officials dismissed Washington’s boycott as a “posturing and political manipulation” and tried to discredit the decision by claiming that US diplomats had not even been invited to Beijing in the first place. The White House confirmed on Monday that it would not send any official or diplomatic…

Microsoft Seizes 42 Websites From a Chinese Hacking Group

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Microsoft said on Monday that it had seized 42 websites from a Chinese hacking group in an effort to disrupt the group’s intelligence-gathering operations. The company said in a news release that a federal court in Virginia had granted Microsoft’s request to allow its Digital Crimes Unit to take over the U.S.-based websites, which were being run by a hacker group known as Nickel or APT15. The company is redirecting the websites’ traffic to secure Microsoft servers to “help us protect existing and future victims while learning more about Nickel’s…

Under Pressure From China’s Authorities, Didi Is Delisting From the New York Stock Exchange

under pressure from chinas authorities didi is delisting from the new york stock

Advertisement Chinese ride-hailing group Didi Chuxing said on Friday it would delist from the New York Stock Exchange less than six months after its initial public offering. Didi, which has been a target in a wider Beijing crackdown on the country’s leading technology groups, wrote on its official Weibo account that it would begin the process of delisting and prepare to go public in Hong Kong. Didi said in a separate statement its board had authorized the delisting in New York of its American depositary shares “while ensuring that ADSs…

China attacks ‘US-style democracy’ prior to Biden summit

China has launched a campaign to discredit what it calls US-style democracy in advance of the first of Joe Biden’s two “summits of democracy” later this week. Over recent days, official Chinese media outlets and diplomats have made a string of scathing attacks on the US governing system, calling it “a game of money politics” and “rule of the few over the many”. They also touted China’s one-party governing model, calling it “socialist democracy with Chinese characteristics” and “a whole-process democracy”. On 4 December, Beijing issued a lengthy paper entitled…

China Calls on ‘Little Inoculated Warriors’ in Its War on Covid-19

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As the rest of the world struggles to vaccinate adults in the face of a threat from a new coronavirus variant, China has embarked on an ambitious campaign that it says will give the country better protection against Covid-19: full inoculation of 160 million of its youngest citizens by the end of the year. The campaign — powered in part with red flower stickers, balloons and boxes of toys for children who step up to become what nurses call “little inoculated warriors”— has gotten off to a fast start. In…

China ‘modified’ the weather to create clear skies for political celebration – study

Chinese weather authorities successfully controlled the weather ahead of a major political celebration earlier this year, according to a Beijing university study. On 1 July the Chinese Communist party marked its centenary with major celebrations including tens of thousands of people at a ceremony in Tiananmen Square, and a research paper from Tsinghua University has said an extensive cloud-seeding operation in the hours prior ensured clear skies and low air pollution. The Chinese government has been an enthusiastic proponent of cloud-seeding technology, spending billions of dollars on efforts to manipulate…

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