China – Page 1224 – Prologue Journal

Has China just finalised the world’s first hyperloop destinations?

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Chinese version of Elon Musk’s vision could travel up to 1,000km/h, top engineers say. https://www.scmp.com/news/china/science/article/3217912/has-china-just-finalised-worlds-first-hyperloop-destinations?utm_source=rss_feed

EU foreign policy chief Josep Borrell asks European navies to patrol Taiwan Strait

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Taiwan ‘concerns us economically, commercially and technologically,’ Borrell said in French newspaper Journal Du Dimanche, echoing comments he made last week when he stressed how crucial Taiwan is to Europe. https://www.scmp.com/news/china/diplomacy/article/3218022/eu-foreign-policy-chief-josep-borrell-asks-european-navies-patrol-taiwan-strait?utm_source=rss_feed

Baltic countries fume as China’s envoy in France questions sovereignty of post-Soviet states

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The comments on French television by China’s ambassador to France, Lu Shaye, have infuriated the three Baltic states, which have demanded a retraction. https://www.scmp.com/news/china/diplomacy/article/3218016/baltic-countries-fume-chinas-envoy-france-questions-sovereignty-post-soviet-states?utm_source=rss_feed

Private internet satellite company joins China’s hypersonic race

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Researchers test feasibility of providing stable broadband connection to drones and aircraft travelling faster than sound. https://www.scmp.com/news/china/science/article/3217714/private-internet-satellite-company-joins-chinas-hypersonic-race?utm_source=rss_feed

China and Philippines look to boost communications over South China Sea dispute

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. President Ferdinand Marcos Jnr said he hoped that the two sides would be able to resolve problems in a ‘mutually beneficial way’. https://www.scmp.com/news/china/diplomacy/article/3218006/china-and-philippines-look-boost-communications-over-south-china-sea-dispute?utm_source=rss_feed

Chinese city of Changshu plans to pay employees using digital yuan

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Beijing is keen to promote the use of the digital sovereign currency but there are a number of barriers to take-up. https://www.scmp.com/news/china/politics/article/3217996/chinese-city-changshu-plans-pay-employees-using-digital-yuan?utm_source=rss_feed

How China’s inroads into Central Asia could fill an economic void left by Russia, counter US pressure

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Uzbekistan’s former foreign minister opens up with the Post about the need for green financing projects and why China is a ‘comprehensive strategic partner’ to his country, unlike the United States. https://www.scmp.com/economy/china-economy/article/3217904/how-chinas-inroads-central-asia-could-fill-economic-void-left-russia-counter-us-pressure?utm_source=rss_feed

China Evergrande’s regulatory woes continue with failure to deliver 2022 annual report on time as debt restructuring deal faces opposition

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Shenzhen-based Evergrande’s latest regulatory lapse underscores the company’s existential crisis, as it grapples with almost US$290.4 billion in liabilities. https://www.scmp.com/business/china-business/article/3217990/china-evergrandes-regulatory-woes-continue-failure-deliver-2022-annual-report-time-debt?utm_source=rss_feed

China May Day holiday travel bookings surge past pre-coronavirus levels, prompt price hike warning

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. Five-day May Day holiday is the first long public holiday since the Lunar New Year, with major travel agencies saying bookings have equalled or surpassed pre-pandemic levels. https://www.scmp.com/economy/china-economy/article/3217986/china-may-day-holiday-travel-bookings-surge-past-pre-coronavirus-levels-prompt-price-hike-warning?utm_source=rss_feed

Chinese developers shell out US$7.5 billion for 19 lots on offer in Shanghai’s first land auction in 2023, pointing to property market’s recovery

Disclaimer: The South China Morning Post’s content is directed by the Chinese Communist Party. It is not a reliable news source. The four-day land sale, which ended on Friday, saw more than 50 property developers engaged in intense bidding that resulted in 15 plots selling higher than their floor price. https://www.scmp.com/business/china-business/article/3217981/chinese-developers-shell-out-us75-billion-19-lots-offer-shanghais-first-land-auction-2023-pointing?utm_source=rss_feed