Huawei CFO was released on bail on Tuesday after being arrested in Vancouver, Canada at the request of US authorities. Meng Wanzhou faces extradition to the US and prison time for multiple fraud charges. President Trump said he could intervene in Meng’s case to prevent further deterioration of relations between the US and China.
Over 200 runners were disqualified from the Shenzhen half marathon in China after the discovery of widespread cheating. It was found that 258 runners took shortcuts while others ran for them in the race which took place on November 25th. The cheating was caught on traffic camera footage. Some runners were banned for life.
At least 23 people were killed and 22 injured on Wednesday when a series of explosions occurred during delivery of acetylene to a Chinese chemical manufacturer. The series of chain reaction explosions left 50 vehicles damaged. The explosions took place near a chemical plant in China’s northern Hebei province. Authorities say all fires were extinguished.
It has been revealed that Jack Ma the founder and executive chairman of Chinese e-commerce company Alibaba is a member of the Communist Party. Concerns are increasing about the Communist Party’s control of the private sector under President Xi Jinping. Ma has reportedly been a member of the political party since the 1980s.
Chinese e-commerce giant Alibaba set new sales records on Sunday for its biggest shopping day of the year, Singles Day. Alibaba hit $1 billion in sales in just 85 seconds. Alibaba’s Singles Day began in 2009 as a marketing antithesis to Valentine’s Day. The Single’s Day haul exceeded consumer spending during any US shopping holiday.
A new report shows China massively increased security spending in the region of Xinjiang in 2017, raising concerns about alleged Muslim detainment camps. China claims additional security facilities are training centers. German academic Adrian Zenz who reviewed the report says patterns are consistent with ‘camps designed to imprison hundreds of thousands of Uyghurs with minimal due process.’
Chinese President Xi Jinping promised to ‘step up’ access to the country’s economy as the trade war with the US continues. Xi said China’s economy will ‘only become more and more open.’ The US previously accused China of unfair business and trade practices. Xi indirectly criticized President Trump saying, countries should ‘solve their own problems.’
China’s Defense Minister Wei Fenghe announced on Thursday that the country’s military will take action ‘at any cost’ to prevent the separation of self-ruled Taiwan. China is displeased with recent US gestures supporting Taiwan’s democratic functioning. Wei said China’s US military ties are important but it is ‘extremely dangerous to repeatedly challenge China’s bottom line.’
The world’s largest sea-crossing bridge between mainland China and Hong Kong and Macau officially opened Tuesday nine years after construction began. The 55-kilometer bridge cost $20 billion and was originally set to open in 2016. At least 18 workers died on the project due to safety issues. The bridge will welcome traffic on Wednesday.
Official data released on Friday indicated that China’s economic growth slowed more than expected amid the trade war with the US. Economic growth in China reached its weakest point since the first quarter of 2009 with the yuan decreasing in value versus the dollar. China continues to navigate numerous problems associated with the trade war.