China’s aggressive territorial claims in the South China Sea are generally viewed in the context of a security threat to the freedom of navigation and political warfare against Asian nations with competing territorial claims, but a report published this week by the ISEAS Yusof Ishak Institute of Singapore reveals a massive cash grab as well. China’s state-controlled industries are planning to make a great deal of money from those disputed islands and reefs.Reuters summarized the report on Thursday: The work by academic Xue Gong and published by Singapore’s ISEAS Yusof Ishak Institute this week sheds light on a little-examined element of rising tensions across the vital trade route, showing extensive work by Chinese SOEs in developing infrastructure and tourism, as well as oil and gas, some in hotly disputed areas. Some experts and regional diplomats believe the strong commercial presence could further complicate any future regional solution should Beijing, which … [Read more...] about China’s State-Run Firms Make Big Money in the South China Sea
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caption VIPKID Founder and CEO Cindy Mi speaks onstage during TechCrunch Disrupt SF 2017 at Pier 48 on September 20, 2017 in San Francisco, California. source Photo by Steve Jennings/Getty Images for TechCrunch The Chinese education startup VIPKid, which connects fluent English-speaking teachers with Chinese students, raised $500 million in April for a valuation of over $3 billion. The company is led by its 35-year-old high-school dropout founder, Cindy Mi, who believes the company can help bridge cultural gaps between China, the US, and elsewhere while making high-quality education accessible and increasing interactions between people of different cultures. The company faces stiff competition but has thus far succeeded in large part because of its fervent community of more than 38,000 teachers, who generally seem enthusiastic about both the mission and the opportunity for supplemental income. At the same time, some teachers of color have reported … [Read more...] about A 35-year-old who dropped out of high school had a vision of a utopian future for China, the US, and the world — and it’s led her to the forefront of a tech startup worth $3 billion
Updated 11:58 pm, Monday, July 2, 2018 Photo: AP Image 1of/1 CaptionClose Image 1 of 1 In this Sept. 8, 2017, photo, Malaysia former Prime Minster Najib Razak, third from left, looks at modals of ECRL (East Coast Rail Link) during the project launching in Kuantan, east cost of peninsula Malaysia. Malaysia's government said Tuesday, July 3, 2018, a major China-backed rail link project can only be viable with a "drastic" price reduction by the Chinese contractor as the actual cost of the venture is 81 billion ringgit ($20 billion). less In this Sept. 8, 2017, photo, Malaysia former Prime Minster Najib Razak, third from left, looks at modals of ECRL (East Coast Rail Link) during the project launching in Kuantan, east cost of peninsula Malaysia. ... more Photo: AP Malaysia seeks sharp cuts in $20 bln China-backed rail link … [Read more...] about Malaysia seeks sharp cuts in $20 bln China-backed rail link
Sections SEARCH Skip to content Skip to site index Technology Subscribe Log In Subscribe Log In Advertisement Supported by ByRaymond Zhong June 8, 2018 BEIJING — The Chinese electronics maker ZTE has survived its brush with death. Now it has to figure out how to stay in business. With this week’s deal to replace near-fatal American sanctions on the telecommunications giant with a $1 billion fine, the company will be able to get back to making smartphones and network equipment. Banned from buying American-made components for the past two months, it halted operations and will now have to mend relations with customers. It will also need to confront deeper questions about its way of doing business, which has left a trail of accusations of bribery, overbilling and rule-breaking. “Even with the ban lifted, operators will think twice about bringing them in, no matter what sorts of measures are taken from a transparency or … [Read more...] about China’s ZTE, Saved by U.S., Has a Checkered Past and Shaky Future
Technical standards for the next generation of wireless services aren’t even finalized, yet the US and China are already locked in a crucial race to be the first country to deploy a so-called 5G network. Or at least that's what both the US government and the wireless industry say. "The United States will not get a second chance to win the global 5G race," Meredith Attwell Baker, president and CEO of the wireless industry group CTIA, warned in April, when the group released a report concluding that the US trails China and South Korea in preparing for 5G (fifth generation) networks. If that doesn’t change, the report warns, the US economy will suffer. The report echoed a leaked National Security Council document that suggested the US government consider building a 5G network. If China dominates the telecommunications network industry, the document said, it "will win politically, economically, and militarily." Democrats are worried too. The Federal Communications Commission's … [Read more...] about Does It Matter If China Beats the US to Build a 5G Network?