Pompeo: US to Have Economic Dialogue with Taiwan, Supply Chain and 5G Security on Agenda
The US Secretary of State Mike Pompeo has announced that his deputy Keith Krach, who had visited Taiwan in September, was hosting an economic conversation with Taiwan on Friday, 20 November. Items on the agenda included supply chain and 5G network security. Pompeo said the dialogue, which marks the “strong and growing” economic relationship between Taiwan and the US, will help enhance their corporation in such aspects as health and safety, supply chain security and clean 5G networks. He added that Taiwan is a “vibrant democracy” and “reliable partner”.
According to Pompeo, the dialogue would be hosted by the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States.
As the pandemic continues, Taiwan representatives in Washington said the conversation would have both face-to-face and online components. Physical meetings would be held in Washington and joined by a delegation led by Chen Chern-Chyi, Vice Minister of Economic Affairs. The other officials involved would join the conversation by means of video calls. The dialogue was expected to last for one day.
Source: Stand News #Nov11
#US #Taiwan #Pompeo #Economy #5G #SupplyChainSecurity
https://bit.ly/36D55GL
The US Secretary of State Mike Pompeo has announced that his deputy Keith Krach, who had visited Taiwan in September, was hosting an economic conversation with Taiwan on Friday, 20 November. Items on the agenda included supply chain and 5G network security. Pompeo said the dialogue, which marks the “strong and growing” economic relationship between Taiwan and the US, will help enhance their corporation in such aspects as health and safety, supply chain security and clean 5G networks. He added that Taiwan is a “vibrant democracy” and “reliable partner”.
According to Pompeo, the dialogue would be hosted by the American Institute in Taiwan and the Taipei Economic and Cultural Representative Office in the United States.
As the pandemic continues, Taiwan representatives in Washington said the conversation would have both face-to-face and online components. Physical meetings would be held in Washington and joined by a delegation led by Chen Chern-Chyi, Vice Minister of Economic Affairs. The other officials involved would join the conversation by means of video calls. The dialogue was expected to last for one day.
Source: Stand News #Nov11
#US #Taiwan #Pompeo #Economy #5G #SupplyChainSecurity
https://bit.ly/36D55GL
Chinese Authorities Target Jack Ma's #Alibaba and #AntGroup in Anti-monopoly Probe
The Chinese authorities is currently placing Alibaba, a conglomerate owned by Chinese entrepreneur Jack Ma, under "anti-monopoly investigation". It was reported that Ma would also be summoned.
Just right before Christmas, China's state-owned media including Xinhua Agency and Economic Daily published articles and commentaries, demanding Ant Group to "serve the people's needs and economic development".
Ant Group then released a statement earlier, claiming that it would "diligently study and strictly comply with regulatory departments' requests". Alibaba shares dropped by 7 percent when the news was heard by thr market.
On Dec 26, 2020, four state regulators in China, namely People's Bank of China (#PBOC), China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange, has conducted "supervisory and guidance" talks with Ant Group, a subsidiary of Alibaba offering financial services, with one of the goals to "realize the spirit of the Party leadership and the State Council".
According to People's Bank of China vice chairman Pan Gongsheng after the "talks" on Dec 26, Ant Group issues included "poor corporate governance, ignorance of regulatory demands, illegal regulatory arbitrary, the use of its market advantage to take oit competitors", and so on.
Source: Stand News; RTHK #Dec27
#CCPControl #JackMa #Economy
The Chinese authorities is currently placing Alibaba, a conglomerate owned by Chinese entrepreneur Jack Ma, under "anti-monopoly investigation". It was reported that Ma would also be summoned.
Just right before Christmas, China's state-owned media including Xinhua Agency and Economic Daily published articles and commentaries, demanding Ant Group to "serve the people's needs and economic development".
Ant Group then released a statement earlier, claiming that it would "diligently study and strictly comply with regulatory departments' requests". Alibaba shares dropped by 7 percent when the news was heard by thr market.
On Dec 26, 2020, four state regulators in China, namely People's Bank of China (#PBOC), China Banking and Insurance Regulatory Commission, China Securities Regulatory Commission and State Administration of Foreign Exchange, has conducted "supervisory and guidance" talks with Ant Group, a subsidiary of Alibaba offering financial services, with one of the goals to "realize the spirit of the Party leadership and the State Council".
According to People's Bank of China vice chairman Pan Gongsheng after the "talks" on Dec 26, Ant Group issues included "poor corporate governance, ignorance of regulatory demands, illegal regulatory arbitrary, the use of its market advantage to take oit competitors", and so on.
Source: Stand News; RTHK #Dec27
#CCPControl #JackMa #Economy