U.S. Warns Companies About Soaring Dangers in Hong Kong Beneath China Crackdown

WASHINGTON—The Biden administration is warning American enterprises about the increasing risks of working in Hong Kong as China’s tightening grip on the town results in organization conditions to deteriorate.

In an advisory issued Friday, the Biden administration cautions enterprises and men and women operating for them that they are topic to a restrictive nationwide-stability regulation that Beijing imposed on Hong Kong a 12 months back. The advisory cites the risks of electronic surveillance with out warrants and of getting compelled to surrender company and customer information to the federal government.

“This new authorized landscape…could adversely influence businesses and individuals running

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Analysis: China makes move on wider steel output cuts, but industry wary of supply shortages

Highlights

Tall order for steel mills to maintain output targets

No fixed schedule for output cuts

Since early July, China has started widening its efforts to cut steel output across the country, as it aims to keep production in 2021 below that of 2020 — part of its overall plans to curb carbon emissions.

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However, it remains to be seen how strictly these output cuts will be implemented through 2021, as curbs will lead to steel supply shortages and skyrocketing prices in the

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Tesla’s Under Pressure in China. Here Are 3 EV Companies That Can Capitalize on This

It’s been a rough couple of months for Tesla (NASDAQ: TSLA) as the electric-vehicle (EV) company tries to make inroads in the all-important Chinese auto market.

A Chinese regulator announced last week that Tesla was voluntarily recalling more than 285,000 vehicles in the country to address an issue with the company’s driver-assist system. The recall, which Tesla says can be managed via an over-the-air software update, follows previous criticism from Chinese authorities. This resulted from consumer complaints about Tesla vehicles and a high-profile demonstration by an angry customer at a Shanghai auto show.

Hopefully for Tesla’s sake, this is

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Didi’s China Probe Adds to Company Problems at Home and Abroad

SINGAPORE—China’s regulatory action against

Didi World Inc.

DIDI -6.93%

threatens to impinge on the Chinese ride-hailing behemoth’s development as it faces growing levels of competition at home and struggles to increase into new countries and new strains of organization.

Although the Beijing-centered company’s U.S. preliminary public providing valued it recently at much more than $67 billion, Didi faces a raft of problems even as economies all around the earth bounce back again from the pandemic. It is seeking to keep in the black soon after many years of losses from burning funds to get shoppers.

Didi reported a quarterly revenue

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China expands probe of U.S.-detailed organizations after similar shift in opposition to Didi

A unit of China’s cybersecurity regulator launched data-security assessments of apps operated by two U.S.-outlined Chinese businesses, times soon after announcing a comparable probe into ride-hailing giant Didi Global Inc
DIDI,
-5.56%.

The latest motion targets two truck-hailing applications operated by Full Truck Alliance Co. 
YMM,
-4.79%
and an on line recruiting application owned by Kanzhun Ltd.
BZ,
+5.28%
  Both companies went community in the U.S. in June. Like Didi, they had been purchased to end incorporating customers though the probes are executed.

On Monday, China’s Cybersecurity Review Office environment, which falls less than the Cyberspace Administration of China,

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French Organizations Acknowledge Challenges at Nuclear Plant in China

BEIJING — Strange action at a nuclear electrical power reactor in China has drawn international interest, as two French businesses involved in the plant acknowledged complications on Monday but explained they could be dealt with safely.

The organizations were being responding to a report by CNN on Monday that Framatome, a single of the organizations, experienced sought support from the United States, citing an “imminent radiological threat” at the Taishan Nuclear Electrical power Plant in Guangdong Province.

EDF, France’s main power utility and section proprietor of the ability plant, said in a statement that certain gases had gathered in the

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China to bolster basic agricultural investigation in seed business

China designed a collection of achievements during the country’s 13th 5-Year Plan period (2016-2020) in genome analysis, the cloning of new genes and crucial breeding systems for crops. /CFP

China produced a collection of achievements in the course of the country’s 13th Five-Calendar year Prepare interval (2016-2020) in genome evaluation, the cloning of new genes and critical breeding systems for crops. /CFP

China will improve fundamental agricultural analysis in the seed marketplace to make certain meals protection and the provide of agricultural merchandise, in accordance to the Chinese Academy of Agricultural Sciences (CAAS).

A collection of achievements have been made

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