Hong Kong police chief calls for peace ahead of big protest march

Hong Kong’s police chief has urged citizens to demonstrate peacefully ahead of what is expected to be a large-scale pro-democracy march on Sunday, an event planned amid a lull in violence in the Chinese-ruled city. Speaking to reporters before departing for a “courtesy visit” to Beijing, newly-installed police commissioner Chris Tang urged Hong Kongers to set a global example. “We hope our citizens can show the whole world (that) Hong Kong people are capable of holding a large scale rally in an


Hong Kong’s police chief has urged citizens to demonstrate peacefully ahead of what is expected to be a large-scale pro-democracy march on Sunday, an event planned amid a lull in violence in the Chinese-ruled city.
Speaking to reporters before departing for a “courtesy visit” to Beijing, newly-installed police commissioner Chris Tang urged Hong Kongers to set a global example.
“We hope our citizens can show the whole world (that) Hong Kong people are capable of holding a large scale rally in an
Hong Kong police chief calls for peace ahead of big protest march Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, calls, visit, expected, peace, hong, urged, prodemocracy, big, beijing, kong, ahead, world, citizens, protest, chief


Hong Kong police chief calls for peace ahead of big protest march

Hong Kong’s police chief has urged citizens to demonstrate peacefully ahead of what is expected to be a large-scale pro-democracy march on Sunday, an event planned amid a lull in violence in the Chinese-ruled city.

Police on Thursday gave a rare green light to the demonstration, organized by the Civil Human Rights Front, the group that called the million-strong marches in the summer. Sunday’s march is a key gauge of the pro-democracy movement’s support following its sweeping victory in local elections.

Speaking to reporters before departing for a “courtesy visit” to Beijing, newly-installed police commissioner Chris Tang urged Hong Kongers to set a global example.

“We hope our citizens can show the whole world (that) Hong Kong people are capable of holding a large scale rally in an orderly and peaceful manner,” he said. “We urge the organizer to assist the police on maintaining the order.”

Tang was traveling to meet with senior officials from the ministry of public security in Beijing and is expected to return to Hong Kong on Sunday.

The unrest in Hong Kong is the biggest popular challenge to Chinese President Xi Jinping since he came to power in 2012.


Company: cnbc, Activity: cnbc, Date: 2019-12-06
Keywords: news, cnbc, companies, calls, visit, expected, peace, hong, urged, prodemocracy, big, beijing, kong, ahead, world, citizens, protest, chief


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Russia opens Siberian pipeline to China as Beijing expands its influence in the Arctic

Mikhail Klimentyev| AFP | Getty ImagesA new natural gas pipeline connecting Russia and China is the latest example of increasing collaboration between Moscow and Beijing in the Arctic Circle. The pipeline comes after China unveiled a plan nearly two years ago called the “Polar Silk Road,” expanding its campaign for influence to the Arctic. While Beijing has branded itself as a “near-Arctic state,” that far-stretched claim on the region is dependent on its partnership with Russia. Map of the Powe


Mikhail Klimentyev| AFP | Getty ImagesA new natural gas pipeline connecting Russia and China is the latest example of increasing collaboration between Moscow and Beijing in the Arctic Circle.
The pipeline comes after China unveiled a plan nearly two years ago called the “Polar Silk Road,” expanding its campaign for influence to the Arctic.
While Beijing has branded itself as a “near-Arctic state,” that far-stretched claim on the region is dependent on its partnership with Russia.
Map of the Powe
Russia opens Siberian pipeline to China as Beijing expands its influence in the Arctic Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: grace shao
Keywords: news, cnbc, companies, influence, arctic, power, expands, russia, pipeline, zhang, beijing, siberian, china, gas, opens, state, russias, region


Russia opens Siberian pipeline to China as Beijing expands its influence in the Arctic

A screen shows Chinese President Xi Jinping as Russian President Vladimir Putin takes part in a ceremony inaugurating the “Power of Siberia” pipeline via a video link in Sochi on December 2, 2019. Mikhail Klimentyev| AFP | Getty Images

A new natural gas pipeline connecting Russia and China is the latest example of increasing collaboration between Moscow and Beijing in the Arctic Circle. The pipeline comes after China unveiled a plan nearly two years ago called the “Polar Silk Road,” expanding its campaign for influence to the Arctic. While Beijing has branded itself as a “near-Arctic state,” that far-stretched claim on the region is dependent on its partnership with Russia. In a $400 billion deal signed in 2014, the 3,000 km long “Power of Siberia” pipeline stretches from Russia’s Siberian fields to China’s historically coal-burning northeast. “(The pipeline) diversifies import supplies for China. It will be very competitive gas at the border and I think gradually improves gas penetration for the northeast part of China,” said Scott Darling, head of Asia Pacific commodities research at J.P. Morgan. That region is an attractive market for Russia, as it “has low affordability for high-priced gas” compared with regions farther south which already have “well-established gas markets” with a diverse supply mix, IHS Markit said in a Monday report. “New exports to this rapidly growing gas market is a growth strategy for the company,” but the European market will still remain a “top priority,” IHS said. Reuters reported that Russia’s Gazprom expects the LNG pipeline to initially supply 4.6 billion cubic meters (bcm) of gas in 2020 before ramping up to its full capacity of 38 bcm by 2025.

Map of the Power of Siberia gas pipeline through China. Reuters | China National Bureau of Statistics

Source: Reuters Darling told CNBC’s “Squawk Box” on Monday that one of China’s goals is to find cheaper, cleaner and greener alternatives to meet its high energy demand. “I actually think what the (Chinese) government is doing at the moment is actually quite logical. We talk about Power (of) Siberian One, if they can actually negotiate reasonable pricing terms, you can actually have Power (of) Siberian Two, maybe longer term,” he added.

Business along the ‘Polar Silk Road’

In return for access to the rich resources of the Arctic, China is offering Russia capital said Zhixing Zhang, senior East Asia analyst at geopolitical intelligence platform Stratfor. “So far, such cooperation primarily focuses on energy development. Whereas Moscow is satiating China with the access to resources, Beijing offers Moscow the capitals it needed for Arctic development,” said Zhang. As Beijing pushes its “Polar Silk Road” agenda, Zhang noted that Chinese investors have been buying up stakes in projects and companies operating in the region. That capital comes as U.S. and EU sanctions have limited Russia’s access to foreign funds. As Moscow’s relationship with Western countries becomes more frail, Russian business leaders look for more economic opportunities with China, especially in energy.

Strafor’s Zhang said Russia’s hope to significantly ramp up transport and port development across the Arctic region “could pave the way for more expanded cooperation.” As China pursues its Belt and Road Initiative, especially in Central Asian countries, Russia’s transportation expansion in the region could add “another arena of competition between the two powers,” Zhang told CNBC.

Geopolitical battle

The Arctic which neighbors the U.S., Canada, Denmark, Finland, Iceland, Norway, Sweden and Russia has been at the heart of a geopolitical and resource battle. China’s “near-Arctic state” ambitions have sparked some fury from stakeholders. At the Arctic Council Ministerial meeting in May, U.S. Secretary of State Mike Pompeo questioned China’s claim of being a “near-Arctic state,” stating Washington’s unhappiness with Beijing’s position. The U.S. later refused to agree to climate change demands decided by the Arctic Council, which ultimately failed to issue a common final declaration. All of which show “an increased assertiveness on the part of the United States, who had previously often been described as possibly the least involved of all Arctic states in Arctic affairs,” said Stephanie Pezard senior political scientist at the nonprofit global policy think tank RAND Corporation. The Arctic is “easily accessible to all of its neighbours, but none is in a position to control it,” said Jeremi Suri, professor at the Lyndon B. Johnson School of Public Affairs at the University of Texas at Austin in 2016. “That is what makes the Arctic a source of strategic rivalry,” he said. “The Arctic provides access to lucrative resources under its waters — especially oil and gas … one of the world’s most coveted regions,” Suri added.


Company: cnbc, Activity: cnbc, Date: 2019-12-04  Authors: grace shao
Keywords: news, cnbc, companies, influence, arctic, power, expands, russia, pipeline, zhang, beijing, siberian, china, gas, opens, state, russias, region


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China suspends US military visits to Hong Kong, sanctions US-based NGOs

Chinese President Xi Jinping at the Great Hall of the People in Beijing, China November 27, 2019. China said on Monday U.S. military ships and aircraft won’t be allowed to visit Hong Kong, and also announced sanctions against several U.S. non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.” China last week promised it would issue “firm counter measures” after U.S. President Donald Trump signed into law the “Hong Kong Human Rights and Democr


Chinese President Xi Jinping at the Great Hall of the People in Beijing, China November 27, 2019.
China said on Monday U.S. military ships and aircraft won’t be allowed to visit Hong Kong, and also announced sanctions against several U.S. non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.”
China last week promised it would issue “firm counter measures” after U.S. President Donald Trump signed into law the “Hong Kong Human Rights and Democr
China suspends US military visits to Hong Kong, sanctions US-based NGOs Cached Page below :
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China suspends US military visits to Hong Kong, sanctions US-based NGOs

Chinese President Xi Jinping at the Great Hall of the People in Beijing, China November 27, 2019.

China said on Monday U.S. military ships and aircraft won’t be allowed to visit Hong Kong, and also announced sanctions against several U.S. non-government organisations for encouraging protesters to “engage in extremist, violent and criminal acts.”

The measures were announced by China’s Foreign Ministry in response to U.S. legislation passed last week supporting anti-government protesters. It said it had suspended taking requests for U.S. military visits indefinitely, and warned of further action to come.

“We urge the U.S. to correct the mistakes and stop interfering in our internal affairs. China will take further steps if necessary to uphold Hong Kong’s stability and prosperity and China’s sovereignty,” said ministry spokeswoman Hua Chunying said at a daily news briefing in Beijing.

China last week promised it would issue “firm counter measures” after U.S. President Donald Trump signed into law the “Hong Kong Human Rights and Democracy Act,” which supports anti-government protesters in Hong Kong and threatens China with potential sanctions.

There are fears that the row over Hong Kong could impact efforts by Beijing and Washington to reach preliminary deal that could de-escalate a prolonged trade war between the two countries.

The U.S.-headquartered NGOs targeted by Beijing include the National Endowment for Democracy, the National Democratic Institute for International Affairs, the International Republican Institute, Human Rights Watch, and Freedom House.

“They shoulder some responsibility for the chaos in Hong Kong and they should be sanctioned and pay the price,” said Hua.

In more normal times, several U.S. naval ships visit Hong Kong annually, a rest-and-recreation tradition that dates back to the pre-1997 colonial era which Beijing allowed to continue after the handover from British to Chinese rule.

Visits have at times been refused amid broader tensions and two U.S. ships were denied access in August.

The USS Blue Ridge, the command ship of the Japanese-based Seventh Fleet, stopped in Hong Kong in April – the last ship to visit before mass protests broke out in June.

Foreign NGOs are already heavily restricted in China, and have previously received sharp rebukes for reporting on rights issues in the country including the mass detention of Uighur Muslims in Xinjiang.


Company: cnbc, Activity: cnbc, Date: 2019-12-02
Keywords: news, cnbc, companies, rights, ships, sanctions, week, kong, hong, ngos, china, usbased, beijing, visit, protesters, times, visits, suspends, military


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China’s factory activity unexpectedly returns to growth in November

Employees work on the production line of a robot vacuum cleaner factory of Matsutek in Shenzhen, China August 9, 2019. Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth. More U.S. tariffs are looming within weeks and Beijing and Washington are still haggling over the first phase of a trade deal. With China’s economic growth cooling to near 30-year lows


Employees work on the production line of a robot vacuum cleaner factory of Matsutek in Shenzhen, China August 9, 2019.
Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.
More U.S. tariffs are looming within weeks and Beijing and Washington are still haggling over the first phase of a trade deal.
With China’s economic growth cooling to near 30-year lows
China’s factory activity unexpectedly returns to growth in November Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-30
Keywords: news, cnbc, companies, returns, activity, economic, chinas, factory, trade, phase, growth, beijing, stimulus, unexpectedly, urged, pmi


China's factory activity unexpectedly returns to growth in November

Employees work on the production line of a robot vacuum cleaner factory of Matsutek in Shenzhen, China August 9, 2019.

Factory activity in China unexpectedly returned to growth in November for the first time in seven months, as domestic demand picked up on Beijing’s accelerated stimulus measures to steady growth.

But gains were slight, and export demand remained sluggish. More U.S. tariffs are looming within weeks and Beijing and Washington are still haggling over the first phase of a trade deal.

With China’s economic growth cooling to near 30-year lows and industrial profits shrinking, speculation is mounting that Beijing needs to roll out stimulus more quickly and more aggressively, even if it risks adding to a pile of debt.

The Purchasing Managers’ Index (PMI) bounced back to 50.2 in November, its highest since March, China’s National Bureau of Statistics (NBS) said on Saturday, above the 50-point mark that separates growth from contraction on a monthly basis.

The result compared with 49.3 in October. A Reuters poll showed analysts expected the November PMI to come in at 49.5.

The official factory gauge pointed to an improvement in China’s vast manufacturing sector last month. Total new orders bounced back to expansionary territory with the sub-index rising to 51.3, the highest level seen since April.

That indicates domestic consumption firmed up after Beijing repeatedly urged local governments to kick stimulus up a gear to meet economic goals before year-end. Factory output also rose to 52.6 in November, marking the strongest pace since March.

“In the short term, we may have already passed the low point where the economy hit the bottom,” Zhang Deli, a macro analyst with Lianxun Securities, wrote in a note.

Beijing has front-loaded 1 trillion yuan ($142 billion) of a 2020 local government special bonds quota to this year and has urged that they be issued and used as early as possible to boost infrastructure investment. Some analysts say that could be a sign that the government is worried about downward economic pressure.

Zhang attributed to the better-than-expected November PMI to a government push on infrastructure investment, less property market control, and a de-escalation in U.S.-China trade tension in October, when both sides said they had substantially reached a “Phase 1” agreement and the United States delayed a tariff increase scheduled to take place on October 15.


Company: cnbc, Activity: cnbc, Date: 2019-11-30
Keywords: news, cnbc, companies, returns, activity, economic, chinas, factory, trade, phase, growth, beijing, stimulus, unexpectedly, urged, pmi


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Beijing finally responds to Hong Kong election results after big win for democrats

Voters stand in line outside a polling station during the District Council election in the Lam Tin district of Hong Kong, China, on Sunday, Nov. 24, 2019. Hong Kong — a former British colony, which returned to Chinese rule in 1997 — has been plagued by months of anti-government protests. The Chinese territory operates under the “one country, two systems” framework which grants Hong Kong self-governing power and various freedoms, including limited election rights. The Chinese Communist Party’s Pe


Voters stand in line outside a polling station during the District Council election in the Lam Tin district of Hong Kong, China, on Sunday, Nov. 24, 2019.
Hong Kong — a former British colony, which returned to Chinese rule in 1997 — has been plagued by months of anti-government protests.
The Chinese territory operates under the “one country, two systems” framework which grants Hong Kong self-governing power and various freedoms, including limited election rights.
The Chinese Communist Party’s Pe
Beijing finally responds to Hong Kong election results after big win for democrats Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: huileng tan
Keywords: news, cnbc, companies, hong, beijing, democrats, responds, elections, social, unrest, big, election, win, kong, district, results, sundays, candidates, chinese, finally


Beijing finally responds to Hong Kong election results after big win for democrats

Voters stand in line outside a polling station during the District Council election in the Lam Tin district of Hong Kong, China, on Sunday, Nov. 24, 2019. Bloomberg | Bloomberg | Getty Images

After Hong Kong’s pro-democracy candidates scored a landslide win in local elections, Chinese state media called the results “skewed” and a “setback” for the city’s drive for democracy. Pan-democrats in Hong Kong won almost 90% of 452 district council seats in Sunday’s elections — widely seen as a barometer of public sentiment after months of social unrest in the special administrative region. The results were also a stinging rebuke to Beijing-backed chief executive Carrie Lam and her administration. “The result of Sunday’s district council election marks a setback for Hong Kong’s democratic development, as the results were skewed by the illegal activities of the opposition camp to the benefit of their candidates,” said China Daily in an editorial on Monday. “In the run up to Sunday’s voting, members of the opposition camp, particularly their young agitators, engaged in an all-out campaign to sabotage the campaign activities of pro-establishment candidates and intimidate their supporters from going to the ballot box,” added the English language newspaper.

Hong Kong — a former British colony, which returned to Chinese rule in 1997 — has been plagued by months of anti-government protests. The Chinese territory operates under the “one country, two systems” framework which grants Hong Kong self-governing power and various freedoms, including limited election rights. Demonstrators are angry at what they say is Chinese meddling in some of those freedoms. The Chinese Communist Party’s People’s Daily reported Tuesday that the local elections in Hong Kong have concluded, but it did not mention the result. The newspaper also said the months-long social unrest in Hong Kong have “severely disrupted the elections process” and added that “patriotic candidates” were harassed on the day of the election by those seeking chaos, according to a CNBC translation. In a commentary on Monday, state news agency Xinhua blamed “foreign forces” and said the election “fell victim” to the social unrest. “During the past more than five months, rioters conspired with foreign forces and escalated violent acts, which resulted in political antagonism, social splits, and setbacks in the economy,” Xinhua said in the editorial. “Campaigns of some patriotic candidates were seriously disrupted, and their offices were trashed and set ablaze. One candidate was injured in an attack. Harassment on patriotic candidates occurred on the voting day,” according to the news agency.


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: huileng tan
Keywords: news, cnbc, companies, hong, beijing, democrats, responds, elections, social, unrest, big, election, win, kong, district, results, sundays, candidates, chinese, finally


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Asia stocks set to trade higher following another record on Wall Street

Shares in Asia were set to trade higher at the open following fresh record highs touched on Wall Street overnight. Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,450 while its counterpart in Osaka was at 23,410 — both indicated a higher open for the Nikkei 225 which last closed at 23,373.32. Meanwhile, shares in Australia rose in early trade, with the S&P/ASX 200 up about 0.12%. The markets have gotten a lift in recent days amid positive rh


Shares in Asia were set to trade higher at the open following fresh record highs touched on Wall Street overnight.
Futures pointed to a higher open for Japanese stocks.
The Nikkei futures contract in Chicago was at 23,450 while its counterpart in Osaka was at 23,410 — both indicated a higher open for the Nikkei 225 which last closed at 23,373.32.
Meanwhile, shares in Australia rose in early trade, with the S&P/ASX 200 up about 0.12%.
The markets have gotten a lift in recent days amid positive rh
Asia stocks set to trade higher following another record on Wall Street Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: eustance huang
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Asia stocks set to trade higher following another record on Wall Street

Shares in Asia were set to trade higher at the open following fresh record highs touched on Wall Street overnight.

Futures pointed to a higher open for Japanese stocks. The Nikkei futures contract in Chicago was at 23,450 while its counterpart in Osaka was at 23,410 — both indicated a higher open for the Nikkei 225 which last closed at 23,373.32.

Meanwhile, shares in Australia rose in early trade, with the S&P/ASX 200 up about 0.12%.

The markets have gotten a lift in recent days amid positive rhetoric on the U.S.-China trade front. Leading negotiators from Washington and Beijing held another phone call on Tuesday morning to discuss how to “resolve core issues,” China’s Ministry of Commerce said.

That was bolstered by comments from U.S. President Donald Trump, who also said Tuesday that Washington and Beijing are in the throes of reaching a trade deal.

Still, an anticipated “phase one” trade deal between the two economic powerhouses has remained elusive ahead of Dec. 15, when additional tariffs on Chinese exports to the U.S. are set to kick in.


Company: cnbc, Activity: cnbc, Date: 2019-11-27  Authors: eustance huang
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China sets up Hong Kong crisis center in mainland, considers replacing chief liaison

Ordinarily, communications between Beijing and Hong Kong are conducted through a Chinese government body: the Liaison Office of the Central People’s Government in Hong Kong. The State Council’s Hong Kong and Macau Affairs Office and the Liaison Office in Hong Kong did not reply to faxed requests for comment. The mainland Chinese and Hong Kong officials interviewed for this article spoke on condition of anonymity, citing the sensitivity of the matter. Qilai Shen | Bloomberg | Getty Images”The Hon


Ordinarily, communications between Beijing and Hong Kong are conducted through a Chinese government body: the Liaison Office of the Central People’s Government in Hong Kong.
The State Council’s Hong Kong and Macau Affairs Office and the Liaison Office in Hong Kong did not reply to faxed requests for comment.
The mainland Chinese and Hong Kong officials interviewed for this article spoke on condition of anonymity, citing the sensitivity of the matter.
Qilai Shen | Bloomberg | Getty Images”The Hon
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China sets up Hong Kong crisis center in mainland, considers replacing chief liaison

The Ping An International Finance Center (Ping An IFC), center, and other buildings in Shenzhen stand beyond farmland in the Ma Tso Lung district of Hong Kong, China, on Monday, Sept. 9, 2019. Justin Chin | Bloomberg | Bloomberg | Getty Images

Tightening control over efforts to manage the upheaval in Hong Kong, the Chinese leadership has set up a crisis command center on the mainland side of the border and is considering replacing its official liaison to the restive semi-autonomous city, people familiar with the matter said. As violent protests roil Hong Kong, top Chinese leaders in recent months have been managing their response from a villa on the outskirts of Shenzhen, bypassing the formal bureaucracy through which Beijing has supervised the financial hub for two decades. Ordinarily, communications between Beijing and Hong Kong are conducted through a Chinese government body: the Liaison Office of the Central People’s Government in Hong Kong. The Liaison Office is housed in a Hong Kong skyscraper stacked with surveillance cameras, ringed by steel barricades and topped by a reinforced glass globe. In a sign of dissatisfaction with the Liaison Office’s handling of the crisis, Beijing is considering potential replacements for the body’s director, Wang Zhimin, two people familiar with the situation said. Wang is the most senior mainland political official stationed in Hong Kong.

The office has come in for criticism in Hong Kong and China for misjudging the situation in the city. “The Liaison Office has been mingling with the rich people and mainland elites in the city and isolated itself from the people,” a Chinese official said. “This needs to be changed.” The Liaison Office may face increased pressure after city voters delivered a resounding defeat to pro-Beijing parties in local district elections on Sunday. Pro-democracy candidates won over 80 percent of the seats, securing their first ever majority after running a campaign against Beijing’s perceived encroachments on Hong Kong’s liberties. The State Council’s Hong Kong and Macau Affairs Office and the Liaison Office in Hong Kong did not reply to faxed requests for comment. The office of Hong Kong Chief Executive Carrie Lam declined to comment for this story.

Bauhinia Villa

The crisis center is located at the secluded Bauhinia Villa, a property owned by the Hong Kong Liaison Office, according to sources and official media, and named after the orchid that adorns the Hong Kong flag and currency. The villa, located just across Hong Kong’s border with the mainland, has served as a crisis center before: Senior Chinese officials stayed at the resort during the pro-democracy “Occupy Central” protests that rocked Hong Kong in 2014. Top mainland officials have been gathering at the leafy compound to plot strategy and issue instructions aimed at defusing the crisis, according to six people familiar with the matter. Beijing authorities have been summoning key Hong Kong officials to meet at the villa during the five months of the increasingly violent anti-government protests, the sources said. Among those who have attended, two of the people said, is embattled city leader Carrie Lam, who in September dramatically scrapped the controversial extradition bill that had ignited the protests, with approval by China’s top leadership. Hong Kong police officials, business leaders and local pro-Beijing politicians have been summoned to the villa as well.

China President Xi Jinping receives a St Petersburg University honorary doctoral degree during a ceremony in Russia on June 6, 2019. Alexei Nikolsky | TASS | Getty Images

In an indication of the operation’s importance, Chinese President Xi Jinping is receiving daily written briefings from Bauhinia Villa, said two officials and another person familiar with the operation. The mainland Chinese and Hong Kong officials interviewed for this article spoke on condition of anonymity, citing the sensitivity of the matter. A Shenzhen businessman with close ties to Chinese officials described the villa complex as a “frontline command center” that authorities are using as a base for coordinating and monitoring the Hong Kong situation in a secure environment. The complex is “packed with people,” the businessman said. The establishment of the Shenzhen villa as a crisis center with a channel to top leader Xi points to the gravity and delicacy of the situation in Hong Kong, diplomats said. Mass protests erupted in June over an extradition bill that would have allowed individuals to be sent for trial to the mainland, where justice is controlled by the ruling Communist Party. Beijing wants to restore order in the city, but without being seen to be calling the shots. Though the extradition bill has been killed, the protests have grown angrier, powered by a broad perception that Beijing is meddling improperly in city affairs and by complaints of police brutality. Hong Kong is governed under a charter which grants British-style rule of law until 2047, and its high degree of autonomy is widely seen as key to its prosperity as an international financial hub. City and mainland officials say the police response has been measured and that any violence has been initiated by extreme protesters. The lakeside setting of the villa, in a wooded neighborhood, enables Beijing and Hong Kong officials to meet away from the glare of the Hong Kong media and the chaos of the city’s protest-clogged streets.

‘Parallel headquarters’

The use of Bauhinia Villa to manage the crisis sets up a supplementary channel to the system Beijing put in place to oversee Hong Kong after China regained control of the city from Britain in 1997. The Liaison Office, which reports to China’s State Council, has long served as the platform for Beijing to radiate its influence in the city. The office fosters relationships with the Hong Kong government as well as establishment figures and an array of pro-Beijing and youth groups, including business and clan associations from Chinese provinces and regions.

A woman holding an umbrella walks on an overpass in front of residential buildings in Shenzhen, China, on August 23, 2016. Qilai Shen | Bloomberg | Getty Images

“The Hong Kong situation has increasingly made Beijing authorities uncomfortable,” said Sonny Lo, a veteran Hong Kong political commentator. Their desire for security and discretion, he said, is “the reason they select Shenzhen rather than Hong Kong as a kind of parallel headquarters in dealing with the Hong Kong crisis.” Senior Chinese officials initially tried to find a middle ground between not capitulating to the demands of the protesters, while trying to avoid a bloody crackdown that could damage the city’s stature as a business center, according to three of the people familiar with the Bauhinia operation. Beijing sought to give the impression it wasn’t intervening in Hong Kong even after a million people took to the streets on June 9, the people said. Shortly after that show of mass defiance, however, the senior-most Chinese leader in charge of Hong Kong affairs took action. That official, Vice Premier Han Zheng, authorized Lam to communicate directly with his office, rather than going through the Liaison Office, according to a person briefed on the matter, effectively establishing a hotline. Subsequently, vice minister-level officials with China’s Ministry of Public Security, Ministry of State Security, the Cyberspace Administration of China and other departments all visited the villa, three of the sources said, an indication of just how seriously Beijing took the situation. The two most senior Chinese leaders overseeing Hong Kong have been using Bauhinia Villa to deal more closely with the local leaders of the restive city, while remaining behind the scenes. One is Zhang Xiaoming, the head of the Hong Kong and Macau Affairs Office, which sits under China’s top policy making body, the State Council. He has been a regular presence at the villa during the crisis, according to two sources who met with him there. A third person who met Zhang at Bauhinia Villa said Zhang spoke in detail about the now-shelved extradition bill and its importance, as well as subsequent attempts by Beijing to quell the unrest. The other is Vice Premier Han himself. A day after Hong Kong protesters blocked access to the city’s legislature on June 12, Han arrived at Bauhinia Villa and summoned Lam for a meeting, according to a person briefed on their discussions. Gathered at Bauhinia was a multi-departmental team of Chinese public security, cyber security and intelligence officers, as well as advisers on Hong Kong affairs, three sources said. When Lam proposed a suspension of the bill at that meeting, Han agreed after talking with other leaders in Beijing, the person briefed on the meeting said. Lam then announced the suspension of the bill on June 15. The Liaison Office and senior pro-Beijing politicians in the city “didn’t know about the withdrawal until close to the decision,” a senior Hong Kong official said.

Banyan trees and barbed wire


Company: cnbc, Activity: cnbc, Date: 2019-11-26
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A ‘phase two’ US-China deal looks less likely as Washington and Beijing struggle on ‘phase one’

U.S. President Donald Trump and Chinese President Xi Jinping at the G20 Summit in Hamburg, Germany on July 8, 2017. Saul Loeb | AFP | Getty ImagesAn ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers and trade experts. We can wait,” one Chinese official told Reuters. “As soon as we finish phase one we’re going to start negotiatin


U.S. President Donald Trump and Chinese President Xi Jinping at the G20 Summit in Hamburg, Germany on July 8, 2017.
Saul Loeb | AFP | Getty ImagesAn ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers and trade experts.
We can wait,” one Chinese official told Reuters.
“As soon as we finish phase one we’re going to start negotiatin
A ‘phase two’ US-China deal looks less likely as Washington and Beijing struggle on ‘phase one’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-25
Keywords: news, cnbc, companies, united, chinese, trade, official, washington, trump, uschina, struggle, china, phase, beijing, issues, likely, looks, deal


A 'phase two' US-China deal looks less likely as Washington and Beijing struggle on 'phase one'

U.S. President Donald Trump and Chinese President Xi Jinping at the G20 Summit in Hamburg, Germany on July 8, 2017. Saul Loeb | AFP | Getty Images

An ambitious “phase two” trade deal between the United States and China is looking less likely as the two countries struggle to strike a preliminary “phase one” agreement, according to U.S. and Beijing officials, lawmakers and trade experts. In October, U.S. President Donald Trump said during a press conference with Chinese vice premier Liu He that he expected to quickly dive into a second phase of talks once “phase one” had been completed. The second phase would focus on a key U.S. complaint that China effectively steals U.S. intellectual property by forcing U.S. companies to transfer their technology to Chinese rivals, he said at the time. But the November 2020 U.S. presidential election, the difficulties in getting the first-stage done, combined with the White House’s reluctance to work with other countries to pressure Beijing are dimming hopes for anything more ambitious in the near future, the sources said. The 16-month trade war with China has thrown U.S. businesses and farmers into turmoil, disrupted global supply chains and been a drag on economies worldwide. Failure to address a key reason it was started is already raising questions about whether the sacrifice has been worth it. Meanwhile, many of Beijing’s trade practices that many free-market economies see as unfair remain unaddressed.

It’s Trump who wants to sign these deals, not us. We can wait. Chinese official

Reuters reported on Wednesday that the signing of a phase one deal could slide into next year as the two countries tussle over Beijing’s demand for more extensive tariff rollbacks. Officials in Beijing say they don’t anticipate sitting down to discuss a phase two deal before the U.S. election, in part because they want to wait to see if Trump wins a second term. “It’s Trump who wants to sign these deals, not us. We can wait,” one Chinese official told Reuters. Representative Jim Costa, a California Democrat who sits on two key agricultural committees, said in Congress on Wednesday that “pragmatic” Chinese sources had told him the same thing. Trump’s main priority at the moment is to secure a big phase one announcement, locking in big-ticket Chinese purchases of U.S. agricultural goods that he can tout as an important win during his re-election campaign, according to a Trump administration official. After that, China could recede somewhat on Trump’s policy agenda as he turns to domestic issues, the official said, speaking on condition of anonymity. He will probably leave other major contentious issues to senior aides, who are likely to continue pushing Beijing over the theft of U.S. intellectual property, its militarization of the South China Sea and its human rights record, the official said. “As soon as we finish phase one we’re going to start negotiating phase two,” a second administration official said. “As far as timing around when a phase two deal could be completed, that’s not something I can speculate on.”

The hard stuff

The Trump White House initially laid out ambitious plans to restructure the United States’ relationship with China, including addressing what a 2018 United States Trade Representative investigation concluded were Beijing’s “unfair, unreasonable, and market-distorting practices.”

There is broad bipartisan support for Trump’s drive to hold China accountable for years of economic espionage, cyber attacks, forced technology transfer and dumping of low-priced goods made with hefty government subsidies. But many of these critical concerns will not be addressed in the phase one agreement, which focuses on China agricultural product buys, tariff roll backs, and includes some intellectual property pledges. “That’s the easy stuff,” said Costa. The harder issues are “industrial espionage, copyrights, complying with those issues, privacy and security issues.” Further complicating the issue, Trump’s economic advisers are split: some are pushing Trump to agree to a quick phase one deal to appease markets and business executives, others want him to push for a more comprehensive agreement. Beijing officials, meanwhile, are balking at pursuing larger structural changes to managing China’s economy, anxious not to appear to be kowtowing to U.S. interests. Both China and the United States have a clear interest in getting a phase one deal completed relatively soon to soothe markets and assuage domestic policy concerns, said Matthew Goodman, a former U.S. government official and trade expert at the Center for Strategic and International Studies. He sees a good chance that the two sides will hammer out some phase one deal, but is far less convinced that a broader deal can be reached before the election. One key problem, he said, was the continued lack of a coherent U.S. strategy for dealing with China. “I think phase one probably will happen because both presidents want it,” Goodman said at a Congressional briefing last week. But he said China was less willing now to make structural changes that might have been possible in the spring. “They’re not going to do those things,” he said.


Company: cnbc, Activity: cnbc, Date: 2019-11-25
Keywords: news, cnbc, companies, united, chinese, trade, official, washington, trump, uschina, struggle, china, phase, beijing, issues, likely, looks, deal


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European stocks advance as investors track trade and key euro zone data

European stocks traded in positive territory on Friday despite mixed signals over the status of U.S.-China trade discussions. The pan-European Stoxx 600 climbed 0.5% in early trade, with basic resources stocks adding 1.2% as most sectors and major bourses advanced. Stocks in Asia were mixed on Friday afternoon, with the Shanghai composite down 0.6% while the Shenzhen component and Shenzhen composite each jumped more than 1.2%. French, German and euro zone manufacturing and services PMI (purchasi


European stocks traded in positive territory on Friday despite mixed signals over the status of U.S.-China trade discussions.
The pan-European Stoxx 600 climbed 0.5% in early trade, with basic resources stocks adding 1.2% as most sectors and major bourses advanced.
Stocks in Asia were mixed on Friday afternoon, with the Shanghai composite down 0.6% while the Shenzhen component and Shenzhen composite each jumped more than 1.2%.
French, German and euro zone manufacturing and services PMI (purchasi
European stocks advance as investors track trade and key euro zone data Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: elliot smith
Keywords: news, cnbc, companies, stoxx, advance, despite, key, track, china, data, investors, shenzhen, trade, zone, stocks, morning, euro, mixed, european, beijing, composite


European stocks advance as investors track trade and key euro zone data

European stocks traded in positive territory on Friday despite mixed signals over the status of U.S.-China trade discussions.

The pan-European Stoxx 600 climbed 0.5% in early trade, with basic resources stocks adding 1.2% as most sectors and major bourses advanced.

Against the backdrop of ongoing trade negotiations, tensions between the world’s two largest economies have come under strain this week over a U.S. bill supporting Hong Kong protesters, while U.S. Navy warships twice sailed near islands in the South China Sea over the past few days, further angering Beijing.

The Wall Street Journal reported Thursday that Chinese Vice Premier Liu He had invited U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin to Beijing for further talks.

China’s Ministry of Commerce spokesman Gao Feng said on Thursday that China is willing to work toward an agreement despite reports of pessimism in Beijing over President Donald Trump’s refusal to roll back existing tariffs.

Stocks in Asia were mixed on Friday afternoon, with the Shanghai composite down 0.6% while the Shenzhen component and Shenzhen composite each jumped more than 1.2%.

Back in Europe, U.K. stocks and the pound were driven lower Thursday after the main opposition Labour Party launched its election manifesto, featuring a promise to raise taxes on corporations and re-nationalize infrastructure groups.

Germany avoided a recession in the third quarter as GDP (gross domestic product) expanded by 0.1%on the back of a 1% increase in exports, official statistics published Friday morning revealed.

French, German and euro zone manufacturing and services PMI (purchasing managers’ index) figures for November are all scheduled for release during morning trade.

In terms of individual stocks, Edenred slid 5.4% after the British payment solutions provider announced that it had suffered a malware infection.

Micro Focus shares added 2.2% to lead the Stoxx 600 in the absence of any particularly strong gains at the start of the session.


Company: cnbc, Activity: cnbc, Date: 2019-11-22  Authors: elliot smith
Keywords: news, cnbc, companies, stoxx, advance, despite, key, track, china, data, investors, shenzhen, trade, zone, stocks, morning, euro, mixed, european, beijing, composite


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China’s Xi says Beijing wants a trade deal — but is not afraid to ‘fight back’

Chinese President Xi Jinping said Friday that Beijing wants to work for a trade deal with the United States but is not afraid to “fight back.” Reinforcing the upbeat tone adopted by China in recent days, Xi told a visiting U.S. business delegation that China holds a ‘positive attitude’ toward the trade talks. “As we always said we don’t want to start the trade war but we are not afraid,” Xi said. “We want to work for a Phase 1 agreement on the basis of mutual respect and equality,” Xi told the g


Chinese President Xi Jinping said Friday that Beijing wants to work for a trade deal with the United States but is not afraid to “fight back.”
Reinforcing the upbeat tone adopted by China in recent days, Xi told a visiting U.S. business delegation that China holds a ‘positive attitude’ toward the trade talks.
“As we always said we don’t want to start the trade war but we are not afraid,” Xi said.
“We want to work for a Phase 1 agreement on the basis of mutual respect and equality,” Xi told the g
China’s Xi says Beijing wants a trade deal — but is not afraid to ‘fight back’ Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-11-22
Keywords: news, cnbc, companies, secretary, wants, fight, afraid, delegation, told, respect, trade, work, equality, beijing, deal, mutual, chinas


China's Xi says Beijing wants a trade deal — but is not afraid to 'fight back'

Chinese President Xi Jinping said Friday that Beijing wants to work for a trade deal with the United States but is not afraid to “fight back.”

Reinforcing the upbeat tone adopted by China in recent days, Xi told a visiting U.S. business delegation that China holds a ‘positive attitude’ toward the trade talks.

“As we always said we don’t want to start the trade war but we are not afraid,” Xi said. “When necessary we will fight back but we have been working actively to try not to have a trade war.”

“We want to work for a Phase 1 agreement on the basis of mutual respect and equality,” Xi told the group.

The delegation from Bloomberg’s New Economy Forum, a conference held in Beijing this week, included former Secretary of State Henry Kissinger, former Treasury Secretary Hank Paulson, former U.S. Trade Representative Mike Froman and other dignitaries.

During the meeting at Beijing’s ornate Great Hall of the People, Xi reiterated to the group China’s stance that a deal requires “mutual respect and equality.”


Company: cnbc, Activity: cnbc, Date: 2019-11-22
Keywords: news, cnbc, companies, secretary, wants, fight, afraid, delegation, told, respect, trade, work, equality, beijing, deal, mutual, chinas


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