China Archives - Zoom News

Chinese Tech Billionaire Jack Ma Resurfaces

9Dec

By Alan LorenzNo Comments

Asia, Business, China, News

Chinese Tech Billionaire Jack Ma Resurfaces

At the celebration of Alipay and Ant Group's 20th anniversary, co-founder Jack Ma appeared on stage. This is remarkable because he disappeared from the radar long after criticizing the Chinese regulator. Ma was speaking in Hangzhou, China, at the anniversary event for Ant Group, which he co-founded 20 years ago. 'Today, I'm not here for the last 20 years of Ant, but for the next 20 years of Ant.' According to Chinese news website 36kr, China's most famous entrepreneur spoke about the future of AI. He mentioned that the Internet age has given his generation many opportunities. He sees even more opportunities for the current generation now that the AI age is here. 'AI will change everything, but this does not mean that AI can decide everything', he said, among other things. He...

Chinese Spy Balloon Collected Information About US Military Bases

3Apr

By Alan LorenzNo Comments

China, News, US

Chinese Spy Balloon Collected Information About US Military Bases

The Chinese balloon launched over the coast of the US state of South Carolina on February 4 was indeed able to collect sensitive information. Various sources report this to the American channel NBC News. In February of this year, the world was under the spell of suspicious objects over North American skies. On February 4, an American F-22 fighter jet shot down a large white balloon. A Chinese spy balloon, the United States declared. China has always denied that and spoke of a weather balloon. Nevertheless, the discovery of the balloon certainly caused a lot of tension between the two countries. After further investigation, the United States found that the balloon, first spotted over Alaska on January 28, could gather information. China could steer the balloon to fly over some loc...

Chinese President Xi Promises to Increase Production Capacity

6Mar

By Alan LorenzNo Comments

Business, China, News

Chinese President Xi Promises to Increase Production Capacity

Chinese President Xi Jinping has promised to increase his country's production capacity and make it less dependent on foreign markets. The Chinese People's Daily reports this. Xi declared at the annual meeting of the People's Congress on Sunday that China should be able to take care of itself. "I have always said that there are two main themes for China: securing our food and building a strong manufacturing sector. As a large country with 1.4 billion inhabitants, we must rely on ourselves. We cannot depend on international markets to save us." China's technological ambitions are being held back by a series of trade restrictions by the United States and other Western allies. As a result, Beijing is seeking to build a self-sufficient industry and make sectors considered essential t...

China Registers First Deaths Since the Lifting of Strict Corona Measures

19Dec

By Alan LorenzNo Comments

Asia, China, News

China Registers First Deaths Since the Lifting of Strict Corona Measures

China reported the first corona deaths on Monday since lifting strict measures under Beijing's zero-covid policy. The number of coronavirus infections is currently exploding. Hospitals and crematoria are flooded. After almost three years of draconian measures to contain the covid epidemic, the Chinese authorities made a 180-degree turn in early December. Most of the measures went into the trash. An unprecedented wave of protest was the reason. However, due to the strict policy of recent years, few Chinese have built up immunity against the virus. Moreover, millions of elderly and vulnerable people are still unvaccinated. As a result, the number of corona cases is currently peaking. However, the authorities themselves admit that they cannot estimate the size of that wave. After al...

Apple Falls on Lower Wall Street on Unrest in China

28Nov

By Alan LorenzNo Comments

Business, China, News, US

Apple Falls on Lower Wall Street on Unrest in China

The American technology group Apple was under pressure on the stock exchanges in New York on Monday. The company relies heavily on China to produce its devices, and investors are concerned about the social unrest arising in that country over the strict corona measures. In major Chinese cities, people took to the streets to protest President Xi Jinping's zero-covid policy. Apple lost 1.4 percent. According to the Bloomberg news agency, the unrest at Apple's largest iPhone production site in China may result in a production slump of 6 million devices. However, a lot depends on how quickly Foxconn, the Taiwanese company that operates the factory, can get people back on the assembly line after the violent protests against the corona measures. Electric car manufacturer Tesla, which ha...

Tesla has Already Built 1 Million Cars in Shanghai

15Aug

By Alan LorenzNo Comments

Business, China, News

Tesla has Already Built 1 Million Cars in Shanghai

Electric car maker Tesla has reached a milestone with its factory in Shanghai. 1 million cars have already rolled off the production line there since production started at the end of 2019, Tesla CEO Elon Musk reported via Twitter. In total, Tesla has already built more than 3 million Model S, Model 3, Model X, and Model Y cars, Musk added. The company has long been the most valuable automaker in the world. Because of that valuation on the stock market, Musk is also the wealthiest person on earth. The Shanghai factory was Tesla's first outside the United States. The American company now also has a factory in Germany.

US Warns China Not to Help Russia: Consequences will Follow

14Mar

By Alan LorenzNo Comments

US, China, News, Russia

US Warns China Not to Help Russia: Consequences will Follow

China will face repercussions if it helps Russia evade sanctions imposed on it. Jake Sullivan, the adviser to US President Joe Biden, said. According to US officials, Russia has asked China for military aid. More specifically, this would include drones. The Chinese Ministry of Foreign Affairs did not directly address those allegations, but it did accuse the United States of maliciously spreading disinformation about China. In a CNN interview, US National Security Adviser Jake Sullivan said Washington has "communicated directly and privately to Beijing that there will be absolutely consequences if China makes large-scale efforts to evade sanctions against Russia or provide aid to Russia."

China Asked Russia Not to Invade Ukraine During the Winter Games

3Mar

By Alan LorenzNo Comments

China, News, Russia, Ukraine

China Asked Russia Not to Invade Ukraine During the Winter Games

China allegedly asked Russia not to invade Ukraine during the Winter Games, which took place in Beijing. That reports The New York Times. China denies. Senior Chinese government officials are said to have asked senior Russian government officials in early February not to invade Ukraine before the end of the Beijing Winter Olympics. The New York Times reported this, citing sources within the Biden administration and a European source. The sources quoted a Western intelligence report. A source familiar with the case confirmed to Reuters news agency that China had indeed requested this but declined to provide details. The source did not want to be identified due to the sensitivity of the case. According to The New York Times, a government official familiar with the information said...

Japan Also Does Not Send Government Representatives to Beijing Winter Olympics

24Dec

By Alan LorenzNo Comments

Japan, China, News

Japan Also Does Not Send Government Representatives to Beijing Winter Olympics

The diplomatic boycott of the Beijing Winter Olympics in February is gaining weight. After the US and Australia, Japan has now decided not to send ministers or government officials. Yasuhiro Yamashita, the chairman of the Japanese Olympic Committee, will probably descend on the Chinese capital. Seiko Hashimoto, the chairman of the Olympic Organizing Committee of the past Summer Games in Tokyo, will also attend. But Japan does not plan to send additional officials to Beijing, government spokesman Hirokazu Matsuno said. Earlier, the United States, Australia, Canada and the United Kingdom had already decided to proceed to a diplomatic boycott of the Winter Games. They are protesting against human rights violations in China. According to human rights groups, Uyghurs and other Muslim...

Major Polluters China and United States to Cooperate More Closely to Combat Climate Change

11Nov

By Alan LorenzNo Comments

China, News, US

Major Polluters China and United States to Cooperate More Closely to Combat Climate Change

China and the United States, the largest two emitters of CO₂, will cooperate more closely over the next decade to combat climate change. They announced this yesterday at the Climate Change Conference in Glasgow. By 2030, they want to reduce methane emissions faster and phase out coal more quickly, although no concrete targets were mentioned. Last night at the COP26, the Climate Change Conference in Glasgow was a bit of a surprise. Suddenly there were the press conferences of the Chinese climate negotiator Xie Zhenhua and his American colleague John Kerry. Each separately, but with a common message. The two countries announced that they would work more closely together to combat climate change and limit global warming to 1.5 degrees Celsius. They commit to a faster reduction of m...