All China stories

U.S. warns firms operating in Xinjiang at "high risk" of violating law

Photo: Chen Mengtong/China News Service via Getty Images

The State Department and five other federal agencies issued an updated advisory on Tuesday warning that businesses with supply chains and investments in the Chinese region of Xinjiang run a "high risk" of violating U.S. laws on forced labor.

Why it matters: The Biden administration is moving aggressively to ensure that American businesses, many of which use supply chains deeply intertwined with the Chinese economy, are not complicit in the genocide of Uyghurs and other Muslim minorities.

Dan Primack, author of Pro Rata
Jul 12, 2021 - Technology

China blocks merger of gaming giants in latest tech crackdown

Illustration: Aïda Amer/Axios

Chinese antitrust regulators blocked the proposed $5.3 billion merger of Huya (NYSE: NUYA) and DouYu (Nasdaq: DOYU), two game streaming companies backed by Tencent.

Why it matters: This reflects how China's crackdown on local tech giants is expanding well beyond data privacy and offshore listings. It's also a big win for Amazon's Twitch, which could have faced a viable challenge from the combined Huya/DouYu.

Jul 12, 2021 - World

Biden admin rejects Beijing's claims to territory in South China Sea

Secretary of State Antony Blinken during a June joint press conference in Berlin, Germany. Photo: Clemens Bilan - Pool/Getty Images

The Biden administration on Sunday reaffirmed a Trump-era policy rejecting the Chinese government's territorial claims in the South China Sea.

Why it matters: Secretary of State Antony Blinken's firm statement comes ahead of this week's fifth anniversary of an international tribunal's ruling backing the Philippines' government against the Chinese Communist Party's maritime claims in the region.

Jul 11, 2021 - World

Xi and Kim vow closer ties, citing "hostile" foreign forces

China's President Xi Jinping with North Korean leader Kim Jong-un in Pyongyang, North Korea, in 2019. Photo: Ju Peng/Xinhua via Getty Images

China's President Xi Jinping and North Korean leader Kim Jong-un spoke of "hostile forces" as they vowed to strengthen ties on Sunday ahead of the 60th anniversary of the countries' treaty of friendship, per KCNA.

Why it matters: The report by the state-run North Korean news agency is meant as a message to the U.S. amid stalled nuclear talks and escalating tensions between Washington and Pyongyang, as well as Washington and Beijing, analysts said, according to AFP.

Jul 9, 2021 - World

U.S. blacklists 23 more Chinese entities over Xinjiang abuses, military ties

Tanks and armoured vehicles drive by performers dressed as military during the 100th anniversary of the Chinese Communist Party on June 28. Photo: Kevin Frayer/Getty Images

The Commerce Department added 34 foreign entities to an export blacklist on Friday for "acting contrary to the foreign policy interests of the United States," including 23 companies allegedly tied to the Chinese military or implicated in the genocide against Muslim minorities in Xinjiang.

Why it matters: It's the Biden administration's latest effort to hold China accountable for its human rights abuses and restrict U.S. firms from doing business in Xinjiang, where Beijing is engaged in a campaign of mass surveillance, detention and forced labor against Uyghurs and other minorities.

Jul 9, 2021 - World

China removes giant pandas from endangered species list

A giant panda plays at Shenshuping Panda Base of China Conservation and Research Center for the Giant Panda on September 12, 2020. Photo: Liu Guoxing/VCG via Getty Images

Giant pandas are no longer endangered after decades of conservation efforts, Chinese officials announced this week.

Why it matters: China's efforts over the last half-century to expand giant pandas' habitats helped drive their population in the wild up to 1,800, according to CNN.

Jul 8, 2021 - World

Hong Kong activists face September trial for subversion

Illustration: Eniola Odetunde/Axios

A judge on Thursday determined that 47 Hong Kong pro-democracy activists will face trial in late September, after prosecutors were granted more time to build a case against them, per Reuters.

Why it matters: The activists face up to life in prison under the Beijing-imposed national security law that sparked a mass uprising on the streets of Hong Kong last year.

Felix Salmon, author of Capital
Jul 8, 2021 - World

China vs. capitalism

Illustration: Aïda Amer/Axios

China's leadership is deeply suspicious of the international financial system, and wants to ensure that the Chinese Communist Party remains the absolute power in the land, unthreatened by fast-growing corporate giants.

What's new: That lesson was learned the hard way this week by Didi, but the repercussions are likely to be much larger. Already, Chinese fitness app Keep has decided to scrap its planned $500 million IPO in New York.

Dan Primack, author of Pro Rata
Jul 6, 2021 - World

China cracks down on its own tech companies

Illustration: Sarah Grillo/Axios

U.S. tech companies for years have grumbled about how the Chinese government favored its homegrown heroes, largely shielding them from global competition. Now, though, China is turning on its own Big Tech companies, reminding them who's boss.

Why it matters: This complicates U.S. IPO plans for dozens of Chinese companies, and potentially revalues even more Chinese unicorns.

Chinese officials remove DiDi from app stores after filing IPO

Photo: Budrul Chukrut/SOPA Images/LightRocket via Getty Images

The Cyberspace Administration of China on Sunday banned ride-hail giant DiDi from app stores, Bloomberg reports.

Why it matters: DiDi, known as the Uber of China, went public this past Thursday on the New York Stock Exchange at a $73 billion valuation.