Headlines 

China Built the Worlds Largest Telescope. Then Came the Tourists

Credit Intentionally Withheld The day before, Stierwalt had traveled from Southern California to Pingtang Astronomy Town for a conference hosted by scientists from the world’s largest telescope. It was a new designation: China’s Five-Hundred-Meter Aperture Spherical Radio Telescope, or FAST, had been completed just a year before, in September 2016. Wandering, tipsy, around this shrine to the stars, the 40 or so other foreign astronomers had come to China to collaborate on the superlative-snatching instrument. VCG/Getty Images China spent $180 million to create the telescope, which officials have repeatedly said…

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Headlines 

Security News This Week: A Devastating Report on the CIA’s Deadly Mistakes in China

There's no such thing as summer vacation in security, and researchers started off this week by disclosing a problematic flaw in Intel processors that undermines the company's so-called secure enclave offering, and potentially other capabilities like virtual machines. A different group of analysts realized that they could potentially take a power grid down by conscripting air conditioners, water heaters, and other devices into a botnet and coordinating a massive power draw. And yet another research team exposed risks in how developers manage app storage on Android. Plus, an analysis of…

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Odds and Ends 

Meet the U.S. Officials Now in Chinas Sphere of Influence

As Chinas wealth has grown, so has its sophistication at currying favor in Washington and among the American elite. Both the Chinese government and Chinese companies, often with close state ties, have retained lobbying and public-relations firms in the Beltway, in some cases hiring former U.S. officials as personal lobbyists. Beijing has also learned how to harness its economic might by alternately opening its doors to companies who play by Chinas rules, and Charles Boustany Boustany served as the U.S. representative for Louisianas 3rd Congressional District until 2017 and co-chaired…

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Headlines 

Asia Stocks Mixed on Trade Volleys; Kiwi Slumps: Markets Wrap

Asian stocks traded mixed as China hit back against the Trump administration’s latest tariffs and tensions ratcheted up between the U.S. and Russia. The yen edged higher, while oil held on to its losses. Shares fell in Japan and South Korea, fluctuated in Hong Kong, and pushed higher in China and Australia. Treasuries added to gains made as investors scooped up a record $26 billion 10-year auction. The kiwi tumbled to a two-year low after the New Zealand central bank pushed out its forecast for a rate increase by a…

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Headlines 

Jeremy Hunt makes ‘terrible’ gaffe about his wife in China

British foreign secretary refers to his Chinese wife as Japanese during debut visit to Beijing Jeremy Hunt, Britains new foreign secretary, has made an awkward debut in China when he sought to curry favour with his hosts by mentioning his Chinese wife, but accidentally referred to her as Japanese. China and Japan have been traditional rivals for centuries. Although relations have improved somewhat recently, they remain touchy due to issues such as Japans bloody occupation of parts of China in the 1930s and 40s. Hunt, who was on his first…

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Headlines 

Trump, Juncker Tout Deal Pulling Back From U.S.-EU Trade War

President Donald Trump and European Commission President Jean-Claude Juncker agreed to suspend new tariffs while negotiating over trade, pulling the U.S. and Europe back from the edge of a transatlantic trade war. The leaders pledged to expand European imports of U.S. liquefied natural gas and soybeans and both vowed to lower industrial tariffs, excluding autos. The U.S. and European Union will “hold off on other tariffs”’ while negotiations proceed, as well as re-examine U.S. steel and aluminum tariffs and retaliatory duties imposed by the EU “in due course,” Juncker said.…

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Headlines 

Chinese Build Unbelievable 350ft Waterfall On A Skyscraper

There’s no denying that it does indeed look spectacular, creating a glorious rainbow in front of the building when the sun is out. But the artificial waterfall, located in the city of Guiyang, the capital of Guizhou province in Southwest China, requires 4 large pumps to lift the recycled water 350ft up before it cascades down the side of the huge building. It faced huge engineering challenges during constuction and because of electricity costs, believed to be over $100 an hour, the waterfall is only in use for special occasions.…

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Headlines 

Haley Defends U.S. Decision to Quit UN’s Human Rights Council

Ambassador Nikki Haley defended the U.S. decision to quit the United Nations Human Rights Council last month as a stand against “political corruption and moral bankruptcy” and the organization’s “anti-Israel bias.” “The United States provided the last shred of credibility that the council had, but that was precisely why we withdrew,” Haley said Wednesday at the Heritage Foundation in Washington. In June, Secretary of State Michael Pompeo and Haley announced the U.S. decision after the council passed a resolution denouncing Israeli settlements as a “flagrant violation” of human rights. In…

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Headlines 

The Goldman Lunch That Set the Scene for 1MDB’s Money Probe

In a private dining room at Singapore’s Taste Paradise restaurant, over a meal of abalone and suckling pig, two 1Malaysia Development Bhd., known as 1MDB, which had hired the New York bank to underwrite the bond sale. Now, people familiar with the matter say, investigators from Singapore to the U.S. are looking more closely at the roles of Ng and Leissner, who’ve both left Goldman. And they’re asking what happened in that private dining room named after the first emperor of a unified China, Qin Shi Huang. In particular, they’re…

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Headlines 

China Just Handed the World a 111-Million-Ton Trash Problem

Few people consider used plastic to be a valuable global commodity. Yet China has imported 106 million tons of old bags, bottles, wrappers and containers worth $57.6 billion since 1992, the first year it disclosed data. So when the country announced last year that it finally had enough of everybody else's junk, governments the world over knew they had a problem. They just didn’t know exactly how large it was.  Now they know. By 2030, an estimated 111 million metric tons of used plastic will need to be buried or recycled somewhere else—or not manufactured at…

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Headlines 

The Hedge Fund Summer Reading List

It’s that time of year again: summer reading season. While for many that means books for the beach, some emerging-market fund managers are yearning for titles that shed light on buying opportunities in Asia as well as the human psychology behind investing decisions. Asha Mehta, who oversees emerging markets at Acadian Asset Management in Boston, said she’s eager to crack Evan Osnos’s "Easternization: Asia’s Rise and America’s Decline From Obama to Trump and Beyond," which looks at how the rising wealth of Asian nations is shifting the balance of power…

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Headlines 

This Stock’s 9,500% Rally Created a Town of Millionaires

At most big companies, it’s pretty clear who the millionaires are: top executives, rainmakers, science whizzes with PhDs. But at China’s Bloomberg. The previously unreported value of their holdings has ballooned as Sunny Optical’s shares surged more than 9,500 percent since June 2008, trouncing even Netflix Inc.’s 7,500 percent gain. Founded more than three decades ago by a former appliance-factory worker with a high school education and less than $10,000 of borrowed cash, Sunny Optical is now a $22 billion behemoth that supplies lenses to the likes of Samsung and…

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Headlines 

Valentine’s Day pranksters book odd-numbered cinema seats in China

Couples will be forced to sit apart after group of singles work together to buy up tickets to romantic movie at Shanghai cinema Romantics in Shanghai will have to forget dinner and a movie for Valentine’s Day. Chinese pranksters have reserved all of the odd-numbered seats at a cinema’s primetime screening, forcing couples to sit apart. The seating plan at Xintiandi cinema. Photograph: Shanghai Morning Post A group of embittered singles worked together to buy up the tickets to a 7.30pm screening of Beijing Love Story, a sappy big-budget romance,…

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Headlines 

Why Trump Suddenly Wants to Save Jobs in China

President Donald Trump has long promised to get tough on China. So why is he so worried about saving jobs there? Last week the Chinese telecommunications giant ZTE said it had halted its major operations after the US government moved to ban US companies from selling software or components to ZTE. On Sunday, Trump tweeted that he and Chinese President Xi Jinping were working together to save ZTE. "Too many jobs in China lost," Trump tweeted. "Commerce Department has been instructed to get it done!" ZTE's plan to shut down…

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Headlines 

Someone Challenged This Chinese Blogger To Transform Herself Into Mona Lisa They Werent Expecting This

Ms. He, 26, posts her work on her Miaopai video channel, and recent uploads of her transforming her face into masterpieces by Leonardo De Vinci, Mona Lisa in particular, have proved a massive hit. She has gone massively viral on Chinese social media, with her video being viewed more than 20 million times! “I love oil paintings myself,” Ms. He told the Daily Mail. “So, when I saw the great response on the Mona Lisa video, I went on to create ‘Lady with an Ermine’ to continue the Da Vinci…

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