Tag Archives: China&#39s

Canadian court grants bail to CFO of China's Huawei

Canadian court grants bail to CFO of China's HuaweiA top executive of Chinese telecoms giant Huawei Technologies Co Ltd was granted bail on Tuesday while she awaits a hearing for extradition to the U.S.



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Exclusive: U.S. probe of China's Huawei includes bank fraud accusations – sources

Exclusive: U.S. probe of China's Huawei includes bank fraud accusations - sourcesChinese telecoms giant Huawei Technologies Co Ltd’s chief financial officer was arrested as part of a U.S. investigation into an alleged scheme to use the global banking system to evade U.S. sanctions against Iran, according to people familiar with the probe. The United States has been looking since at least 2016 into whether Huawei shipped U.S.-origin products to Iran and other countries in violation of U.S. export and sanctions laws, Reuters reported in April. More recently,┬áthe probe has included whether the company used HSBC Holdings Plc to conduct illegal transactions involving Iran, the people said.



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New Zealand intelligence bans China's Huawei from 5G rollout

New Zealand intelligence bans China's Huawei from 5G rolloutNew Zealand’s largest telecoms carrier Spark said Wednesday that the country’s intelligence agency had barred it from using equipment provided by China’s Huawei in its 5G network as it posed “significant national security risks”. The move follows reports the United States is urging its allies to exclude the Chinese telecoms giant from 5G rollouts over cybersecurity fears. Spark said in a statement that it was legally obliged to inform the Government Communications Security Bureau (GCSB) about its 5G plans.



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Gunmen attack China's consulate in Pakistan as violence flares across region

Gunmen attack China's consulate in Pakistan as violence flares across regionThe attack, claimed by separatist insurgents from the impoverished southwestern Pakistani province of Baluchistan, killed four people, including two police officers, but it was far from the most deadly on a particularly violent day across the region. Over the border in eastern Afghanistan, a suicide blast at a mosque on an army base killed at least 26 people and wounded 50, security officials said. Earlier in the week, a suicide bomber killed 55 people in the capital, Kabul.



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China's Xi intends to visit North Korea next year, South Korea says

China's Xi intends to visit North Korea next year, South Korea saysChinese President Xi Jinping intends to visit North Korea next year after receiving an invite from North Korean leader Kim Jong Un, South Korea said on Saturday, which would make Xi the first Chinese leader to do so since 2005. Xi told South Korean president Moon Jae-in in a bilateral meeting on the sidelines of the Asia Pacific Economic Co-operation (APEC) summit in Papua New Guinea that he would “make time” to visit North Korea next year. Xi added that China would continue to play a constructive role in building peace on the Korean peninsula, Kim Eui-kyeom, spokesman for South Korea’s presidential office, said at a briefing after the meeting between Xi and Moon.



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China's Xi makes push into Pacific; scores 'own goal' with block on media

China's Xi makes push into Pacific; scores 'own goal' with block on mediaChina’s efforts to win friends in the resource-rich Pacific push have been watched warily by the traditionally influential powers in the region – Australia, New Zealand and the United States – who were not invited to Friday’s forum. Many of those left out grumbled about what they saw as a lack of transparency around China’s efforts to gain new allies. “It just sends such a terrible signal,” said Jonathan Pryke of Sydney-based think-tank the Lowy Institute.



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China's Xi promises support to Papua New Guinea amid regional tension

China's Xi promises support to Papua New Guinea amid regional tensionThe visit, ahead of an Asia-Pacific Economic Cooperation (APEC) summit Xi will address on Saturday, comes amid heightened trade and diplomatic tension in a region that was until recently an almost exclusive sphere of influence of staunch U.S. ally Australia. APEC was established almost 30 years ago to remove barriers to trade in an area home to numerous tiny island economies reliant on third party aid and loans. China, which is stepping up its presence in the region, has recently faced criticism from some PNG officials for its lavish gifts, given at the potential expense of aid and development.



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China's yuan hits decade low on trade, economy fears

China's yuan hits decade low on trade, economy fearsThe Chinese yuan weakened to a decade low on Tuesday on concerns over China’s slowing economy and the US trade war, but Beijing was expected to prevent it breaking the psychologically important 7 yuan per dollar barrier. Breaking 7 could further undermine market confidence and potentially trigger fresh US accusations that China was allowing the yuan to weaken to blunt the impact of tariffs that Washington has imposed on Chinese goods. A weaker yuan makes Chinese exports less expensive overseas, ameliorating some of the higher costs brought by the tariffs.



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China's defence minister to visit Washington: Mattis

China's defence minister to visit Washington: MattisUS Defence Secretary Jim Mattis said Saturday his Chinese counterpart Wei Fenghe would visit Washington next week, following tensions between the two powers. “I would just point out that (our) strategic competition does not imply hostility,” Mattis said at a Middle East security conference in Bahrain, in response to a question about tensions. “I have met with my counterpart in Beijing a month ago, I have met with him again in Singapore a week ago.



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China's ZTE Corp posts third-quarter profit, expects full-year loss

China's ZTE Corp posts third-quarter profit, expects full-year lossChinese telecoms equipment maker ZTE Corp posted a third-quarter net profit of 564 million yuan ($ 81 million) after resuming business in the wake of crippling U.S. sanctions, but said it still expects to post a loss of up to 7.2 billion yuan for the full year. The world’s fourth-largest telecommunications equipment maker by market share posted its worst half-year loss of 7.8 billion yuan in August due to U.S. sanctions over violations of export restrictions. In its Thursday filing ZTE said it expects to make a loss of between 6.2 billion and 7.2 billion yuan for full-year 2018, compared with a profit of 4.57 billion in 2017.



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