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Fons Tuinstra
8,817 followers -
President China Speakers Bureau, new media advisor
President China Speakers Bureau, new media advisor

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Former senior Chinese diplomat Cao Baijun latest to be caught up in anti-graft campaign - SCMP

A former senior Chinese diplomat who used to oversee Western Europe and Africa relations has been placed under investigation five years after he left his post, the Communist Party’s anti-graft watchdog said on Sunday.

Cao Baijun, 63 – who was director of two bureaus under the party’s International Department that handles ties with foreign political parties – is accused of “serious violations of party discipline”, the Central Commission for Discipline Inspection said in a statement, using the common euphemism for corruption.

From 2008 to 2012, Cao was director of the department’s bureau in charge of liaison work with political parties from Sub-Saharan Africa, news outlet Caixin reported. He went on to work as a consultant for a metals company based in Guangdong.

His last public appearance was on August 8 at a business event, according to Beijing Youth Daily.
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This is China’s answer to the Tesla Model X – at about half the price - SCMP

Chinese electric vehicle start-up NIO has thrown down the gauntlet to US car maker Tesla by launching ES8, a seven-seater high-performance electric SUV, on Saturday, at about half the price of the latter’s Model X.

NIO, which was founded in 2014 and counts Chinese tech giants such as Tencent Holdings, Baidu and Xiaomi among its investors, launched the ES8 – its first production car – in Beijing at a base price of 448,000 yuan (US$67,788) before subsidies. Tesla’s Model X, which is popular on the mainland despite its price, starts at 836,000 yuan after import duties.
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Hackers are after processing power to get valuable bitcoins

Cyberattacks are no longer limited to the unlucky few, but have become worryingly common. And now, in addition to ransomware, the usual source of denial-of-service attacks, there is another, low-key form of criminal assault spreading in cyberspace.

Rather than locking down systems until their ransom terms are met, some hackers are prepared to play a longer game with a valuable prize in their sights – cryptocurrencies.

This is because cryptos have become so lucrative, with bitcoin increasing by more than 900 per cent and ethereum by more than 2,500 per cent so far in 2017.
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Hong Kong targets next Alibaba in revamp of IPO rules

Hong Kong’s stock exchange proposed to let “innovative” companies list in the Chinese enclave with dual-class share structures to avoid losing out on more initial public offerings by technology giants like Alibaba Group Holding Ltd. Allowing shares with extra voting power is part of a package of measures released Friday that may be the biggest change to the exchange’s listing rules since 1993, when it allowed large Chinese enterprises to go public there.
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How China plans to create giant state-owned carmaker - Automotive News

In recent years, Beijing has forced the consolidation of state-owned industries such as steelmaking, railway equipment and coal mining. The idea was to force these inefficient companies to cut costs, develop new products and turn a profit.

Now it's the auto industry's turn.

This month, three state-owned automakers announced plans to share technology, powertrains, platforms and purchasing. Their ultimate goal: to create a global auto giant.

On Dec. 1, China FAW Group, Dongfeng Motor and Chongqing Changan Automobile signed a partnership agreement in the central China city of Wuhan, where Dongfeng is based.
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The Race to Build China’s Ten Million Car Charging Stations

As of late 2016, there were around 2 million new energy vehicles (NEVs) on the roads around the world. China accounted for about half this total. Yet while sales have been strong, the country’s charging station infrastructure is not keeping pace. China needs an estimated 10 million charging stations by around 2025, yet only around 150,000 stations were up and running at the end of last year.
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How College Vegetarians Are Helping China’s Meat Lovers Go Green

Last month, at the request of a student organization called the Lohas Vegetarian Society, the Hebei University of Environmental Engineering in the northern Chinese city of Qinhuangdao added a vegetarian counter in the cafeteria. Sure, it might not be front-page news, but by serving meat-free meals to college students, the college is embracing a heartening trend toward vegetarianism in a society where most square meals contain pork, chicken, or beef.

Stories like this have played out across more and more Chinese universities, driven by the recently established Universities and Colleges Vegetarian Association (UCVA). This organization for college vegetarians was founded at Beijing’s Tsinghua University on April 22 this year, World Earth Day. Its founders say that their motivation for creating the group is to “save the world.”
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Video Sharing App Kuaishou Rumored to Raise New Funding with Valuation at US$15 billion

China’s leading short social video and photo sharing app Kuaishou is rumored to launch a new round of funding with the estimated valuation at $15 billion, according to the self-media “Kaiqi.” Kuaishou told other local media that it has nothing yet to release.
In March, Kuaishou raised $350 million in its Series D financing led by the Chinese internet conglomerate Tencent, and was valued at around $3 billion. In the previous financing rounds, Kuaishou has pocketed fundings from Sequoia, DCM, and Baidu.
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How China is Handicapping Foreign Autonomous Car Companies - Fortune

The Chinese authorities are reportedly blocking foreign automotive firms from mapping Chinese roads at the quality they need to make their autonomous-vehicle technology work well.

The restrictions, which apparently do not apply to Chinese car-makers, were reported Thursday by the Financial Times. The issue concerning the authorities is national security—they fear the cars could be used for spying.

“We have obstacles driving around China making photos and recording GPS coordinates,” a representative of one car firm told the paper.
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Hoping to extend maritime reach, China lavishes aid on Pakistan town - Reuters

China is lavishing vast amounts of aid on a small Pakistani fishing town to win over locals and build a commercial deep-water port that the United States and India suspect may also one day serve the Chinese navy.
Beijing has built a school, sent doctors and pledged about $500 million in grants for an airport, hospital, college and badly-needed water infrastructure for Gwadar, a dusty town whose harbor juts out into the Arabian Sea, overlooking some of the world’s busiest oil and gas shipping lanes.

The grants include $230 million for a new international airport, one of the largest such disbursements China has made abroad, according to researchers and Pakistani officials.
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