President Joe Biden has directed a Chinese-owned cryptocurrency mining company and its associates to divest from land holdings adjacent to a US nuclear missile base due to espionage apprehensions.
China experienced a notable increase in tourism over the recent Labor Day holiday, yet there was a reduction in expenditure by travelers, indicating ongoing sluggishness in consumption within the world's second-largest economy.
The company will announce its second fiscal quarter earnings after the market closes on Thursday.
China appears to have reversed its stance on strict regulations aimed at curbing what regulators considered "excessive" gaming. The National Press and Publication Administration (NPPA) had initially proposed rules to limit the amount of money and time individuals spent on video games. However, as of Tuesday, the draft rules were no longer available on the NPPA website.
Chinese activist Li Qiaochu has faced trial on charges of "inciting subversion of state power," part of China's broader crackdown on dissent. Li's lawyer, Li Guobei, reported being denied entry to the closed-door trial held in Linyi, Shandong. The 32-year-old, in custody since March 2021, potentially faces a prison term of five years or more. The trial concluded without a verdict, as reported by the FreeLiqiaochu Facebook page, a platform tracking updates on the case.
Taiwan has issued a cautionary advisory, urging both its elderly and young citizens to avoid travel to mainland China, Hong Kong, and Macau, citing a recent surge in respiratory illnesses in the region. China's Foreign Minister Wang Yi countered concerns, asserting that Chinese authorities have effectively addressed the situation. In response to the rise in respiratory illnesses, the World Health Organization (WHO) had requested comprehensive information from China, with a WHO official later stating that the current spike is not as severe as pre-Covid-19 levels, and no novel or abnormal pathogens have been identified in these cases.
The recent meeting between President Xi Jinping of China and President Joe Biden of the United States has been the subject of intense global scrutiny. While the meeting was marked by robust discussions on various issues, one particular remark made by President Biden has caused quite a stir.
In a recent news development, the United States has announced an immediate halt to the export of certain AI chips to China, according to technology giant Nvidia. This move has sparked concerns and speculation in both the tech and international trade communities.
The world has been closely observing the geopolitical tensions between the United States and China. As the two global superpowers continue to compete for dominance, the United States has been formulating a strategic plan to counter China's influence in the Asia-Pacific region. And at the heart of this plan lies the vibrant city of Melbourne, Australia.
In Delhi, police have conducted searches at the residences of well-known journalists and authors as part of an inquiry into the financing of the news website NewsClick. The founder of NewsClick, Prabir Purkayastha, along with a colleague, has been arrested, and law enforcement officers have also confiscated laptops and mobile phones. The investigation revolves around allegations that NewsClick received illicit funding from China, a claim vehemently denied by the website. Critics argue that these actions represent a deliberate assault on press freedom.