US Sanctions a Chinese Tech Company for Helping Venezuela to Suppress Dissents
The U.S. Treasury Department announced sanctions against on a Chinese technology company on Monday (November 30), accusing the company of helping Venezuelan President Maduro to undermine democracy. On the other side, the Chinese Foreign Affairs Ministry spokesperson Hua Chunying said at a regular press conference on Tuesday (December 1) that U.S. action was simply an excuse to suppress the Venezuelan and related Chinese firms.
The Treasury Department has frozen the assets of China National Electronics Import & Export Corporation (CEIEC) in U.S., restricting America companies from conducting business with it, but allows a buffer period for U.S firms and individuals to wind-down pre-existing business with CEIEC until 14 January. The Treasury Department has also frozen assets of any company in which CEIEC holds more than 50% of shares.
A statement from the Treasury Department indicates that CEIEC is a “commercial version of Beijing firewall”, providing specialized technology to block the live streams of independent media and the opposition leader Juan Guaido. The statement also pointed out that CEIEC supports Maduro government in restricting internet services, conducting digital surveillance and cyber operation to target political dissident.
#China #Venezuela #US #America #CEIEC #TreasuryDepartment #HuaChunying #Maduro #JuanGuaido #PressFreedom #Trading #AssetsFreezing
Source: Apple Daily #Dec01
https://hk.appledaily.com/international/20201201/APVAZ3AKQFDLBAC3ZVJQ2QH5HU/
The U.S. Treasury Department announced sanctions against on a Chinese technology company on Monday (November 30), accusing the company of helping Venezuelan President Maduro to undermine democracy. On the other side, the Chinese Foreign Affairs Ministry spokesperson Hua Chunying said at a regular press conference on Tuesday (December 1) that U.S. action was simply an excuse to suppress the Venezuelan and related Chinese firms.
The Treasury Department has frozen the assets of China National Electronics Import & Export Corporation (CEIEC) in U.S., restricting America companies from conducting business with it, but allows a buffer period for U.S firms and individuals to wind-down pre-existing business with CEIEC until 14 January. The Treasury Department has also frozen assets of any company in which CEIEC holds more than 50% of shares.
A statement from the Treasury Department indicates that CEIEC is a “commercial version of Beijing firewall”, providing specialized technology to block the live streams of independent media and the opposition leader Juan Guaido. The statement also pointed out that CEIEC supports Maduro government in restricting internet services, conducting digital surveillance and cyber operation to target political dissident.
#China #Venezuela #US #America #CEIEC #TreasuryDepartment #HuaChunying #Maduro #JuanGuaido #PressFreedom #Trading #AssetsFreezing
Source: Apple Daily #Dec01
https://hk.appledaily.com/international/20201201/APVAZ3AKQFDLBAC3ZVJQ2QH5HU/
New Zealand’s Ardern says differences with China becoming harder to reconcile
Differences between New Zealand and its top trading partner China are becoming harder to reconcile as Beijing’s role in the world grows and changes, Prime Minister Jacinda Ardern said on Monday.
The comments come as New Zealand faces pressure from some elements among Western allies over its reluctance to use the Five Eyes intelligence and security alliance to criticise Beijing.
In a speech at the China Business Summit in Auckland, Ardern said there are things on which China and New Zealand "do not, cannot, and will not agree", but added these differences need not define their relationship.
Source: Reuters #May03
https://www.reuters.com/world/china/new-zealands-ardern-says-differences-with-china-becoming-harder-reconcile-2021-05-02/
#NewZealand #China #Trading #Beijing
Differences between New Zealand and its top trading partner China are becoming harder to reconcile as Beijing’s role in the world grows and changes, Prime Minister Jacinda Ardern said on Monday.
The comments come as New Zealand faces pressure from some elements among Western allies over its reluctance to use the Five Eyes intelligence and security alliance to criticise Beijing.
In a speech at the China Business Summit in Auckland, Ardern said there are things on which China and New Zealand "do not, cannot, and will not agree", but added these differences need not define their relationship.
Source: Reuters #May03
https://www.reuters.com/world/china/new-zealands-ardern-says-differences-with-china-becoming-harder-reconcile-2021-05-02/
#NewZealand #China #Trading #Beijing
Evergrande's crisis was 'a long time coming,' says banned short-seller Andrew Left
Andrew Left, an American short-seller banned from trading in Hong Kong for a damning report he wrote on Evergrande years ago, told CNBC the Chinese property developer's debt crisis was "a long time coming."
But he said he doesn't think Evergrande's situation indicates a widespread problem for China.
Left, the founder of Citron Research, was banned from trading in the Hong Kong markets after he published a 2012 report predicting that Evergrande would soon be insolvent.
His five-year ban ends next month.
Source: CNBC #Sep24
https://www.cnbc.com/amp/2021/09/24/citron-research-short-seller-andrew-left-on-evergrande-debt-crisis.html
#Andrew #American #Seller #Banned #Trading #Evergrande
Andrew Left, an American short-seller banned from trading in Hong Kong for a damning report he wrote on Evergrande years ago, told CNBC the Chinese property developer's debt crisis was "a long time coming."
But he said he doesn't think Evergrande's situation indicates a widespread problem for China.
Left, the founder of Citron Research, was banned from trading in the Hong Kong markets after he published a 2012 report predicting that Evergrande would soon be insolvent.
His five-year ban ends next month.
Source: CNBC #Sep24
https://www.cnbc.com/amp/2021/09/24/citron-research-short-seller-andrew-left-on-evergrande-debt-crisis.html
#Andrew #American #Seller #Banned #Trading #Evergrande