The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about five minutes. NYT
Jerry Yu has the trappings of what the Chinese call second-generation rich. He boasts a Connecticut prep-school education. He lives in a Manhattan condominium bought for $8 million from Jeffrey R. Immelt, the former General Electric chief executive. And he is the majority owner of a Bitcoin mine in Texas, acquired last year for more than $6 million. Mr. Yu, a 23-year-old student at New York University, has also become — quite unintentionally — a case study in how Chinese nationals can move money from China to the United States…
The New York Times Audio app is home to journalism and storytelling, and provides news, depth and serendipity. If you haven’t already, download it here — available to Times news subscribers on iOS — and sign up for our weekly newsletter. The Headlines brings you the biggest stories of the day from the Times journalists who are covering them, all in about five minutes. NYT
At a moment when Washington is trying to reset its tense relationship with China, states across the country are leaning into anti-Chinese sentiment and crafting or enacting sweeping rules aimed at severing economic ties with Beijing. The measures, in places like Florida, Utah and South Carolina, are part of a growing political push to make the United States less economically dependent on China and to limit Chinese investment over concerns that it poses a national security risk. Those concerns are shared by the Biden administration, which has been trying to…
Parts of north-east China are in the grip of a historic heatwave, with hundreds of weather stations reporting record highs for the month of June. On 22 June the capital Beijing observed a temperature of 41.1C (106F), a record high for the month, and the first time a temperature higher than 40C had been observed since 2014. On the same date, the city of Tianjin reported 41.4C, a new all-time record for any month. Additionally, Dagang had its hottest day on record, with a temperature of 41.8C. The national weather…
AUSTIN, Texas — Isaac Jing is starting to reconsider his future in Texas. The engineer works for a large tech company in Austin and owns a house in the city. He’s lived here since finishing grad school in Pennsylvania four years ago, and he invests in real estate as a side gig. But he worries that could change under a bill that would bar him from buying new property in Texas. The reason: He is a Chinese citizen. Details of the proposed law, which would also target citizens of Iran, North…
The share of United States farmland owned by Chinese people and companies is small and has not been growing substantially. Chinese owners held about 350,000 acres at the end of 2020, according to a U.S. Department of Agriculture report, and most of the farmland came from the Chinese acquisition of Smithfield Foods in 2013. Canadian owners, by contrast, held 12.4 million acres. The figures do not include residential or commercial buildings, though that has largely not been the focus of most legislative efforts. Chinese investors are among the top foreign…