Commentary When Berkshire Hathaway, Warren Buffett’s investment firm, began trimming its stake in Chinese electric car and battery maker BYD, rumors began circulating on what it means for the company, China’s stock market, and ordinary investors following Chinese stocks. But to regular everyday investors who follow Buffett, it means very little. On the surface, the…
What Warren Buffett Selling BYD Stock Means for Regular Investors
September 11, 2022
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Business & MarketsBusiness ColumnistsBYDChinaChina Business & EconomyChineseOpinionThinking About ChinaWarren Buffett
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Blaze Destroys $24 Million Mansion Owned by Chinese Businessman
An enormous fire ravaged a A$24 million (US$16.35 million) waterfront mansion in Australia’s Sydney owned by a Chinese real estate mogul. Firefighters were called to the Cliff Road home in the lower north shore suburb of Northwood around 11:50 p.m. on Saturday to find the six-bedroom property alight, with only the roof structure remaining. The blaze…
Boston Grand Jury Charges 8 Chinese People With Money Laundering
A federal grand jury in Boston has charged eight Chinese people for their alleged roles in an elaborate money laundering scheme that involved the proceeds from tens of millions of dollars’ worth of smuggled drugs. According to the affidavit (pdf), the defendants used seemingly lawful businesses to launder drug proceeds, and used stolen or fraudulent…
US Targets Chinese, UAE Firms in New Iran Oil Sanctions
August 3, 2022
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Business & MarketsChinaChina Business & EconomyChineseCompaniesInternationalIranUnited Arab EmiratesUSWorld
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WASHINGTON—The United States on Monday imposed sanctions on Chinese and other firms it said helped to sell tens of millions of dollars in Iranian oil and petrochemical products to East Asia as it seeks to raise pressure on Tehran to curb its nuclear program. The U.S. Treasury and the U.S. State Departments imposed sanctions on…
Chinese Applicants to UK Universities up 60 Percent in 3 Years, Raising Fears of Over-Reliance
July 14, 2022
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ChinaChineseChinese RegimeConfucius institutesEurope-China RelationsInternational RelationsUKUniversitiesWorld
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The number of Chinese applicants to British universities has risen by almost 60 percent in three years to a record 31,400, raising fears that UK institutions have become overly reliant on China. The number of Chinese applicants is over 8,000 more than the number of applications from all 27 countries of the European Union, which…
Japan Protests Chinese Warship Near Disputed Islands
TOKYO—Japan protested to Beijing after spotting Chinese and Russian warships just outside its territorial waters around the disputed East China Sea islands on Monday. Japan’s Defense Ministry said a Chinese frigate sailed inside the “contiguous zone,” just outside Japanese territorial waters around Senkaku Islands, which the Chinese regime also claims and calls the Diaoyu, for…
US Indo–Pacific Chief Sees Largest Military Buildup in Chinese Army’s History
China’s army is undergoing the largest buildup in the Chinese regime’s history since World War II, according to Adm. John Aquilino, commander of the U.S. Indo–Pacific Command. Aquilino made the comment in a conversation hosted by the research institute the Foundation for Defense of Democracies on June 24 (pdf). The buildup encompasses all army domains and capabilities,…
Federal Unit Flags Apparent Chinese Campaign to Sow Doubt on Return of ‘Two Michaels’
A federal unit that tracks foreign interference has identified what appeared to be a co-ordinated information campaign by Chinese state media outlets to control the domestic narrative around the return of the “two Michaels” to Canada. Rapid Response Mechanism Canada found the effort also seemed intent on fostering confusion or doubt in Canada and internationally…
Using Chinese Surveillance Companies Akin to Handling ‘Digital Asbestos,’ UK Government Adviser Warns
June 16, 2022
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ChinaChina Business & EconomyChineseDahuaEurope-China RelationsFinance & Business TiesHikvisionInfiltrating the WestInternational RelationsSpecial TopicssurveillancetechnologyUKWorld
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Allowing Chinese surveillance companies to operate in the UK is akin to installing “digital asbestos” that puts civil liberties at risk, warned the government’s Biometrics and Surveillance Camera Commissioner, Fraser Sampson, who is reviewing the country’s human rights and security issues. Sampson said on Tuesday that allowing China’s controversial CCTV makers and operators Hikvision and Dahua to…
UK Defence Chiefs Resume Purchases of Chinese-Made Drones
Chinese drones blacklisted by the United States are being purchased by the UK’s Ministry of Defence (MoD). Contract details show the MoD placed a £132,337 ($165,936) order in March for drones and accessories from DJI, the world’s largest consumer drone company based in Shenzhen, southern China. The recent order is believed to be the first…
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