Bitcoin falls almost 30% after China crackdown

Digital currency under pressure from payment crackdown and tweets from Elon Musk

The price of bitcoin fell by almost 30% on Wednesday, after a Chinese government crackdown on banks’ use of cryptocurrencies accelerated a long-predicted sell-off, in a day of chaotic trading.

The world’s largest digital currency tumbled to about $30,000 (£21,000) amid frenzied trading, a drop of more than 50% since it hit record highs of more than $64,000 in mid-April. However, by 10pm UK time, the bitcoin price had risen back to about $38,500, still down 11% on the day, according to Refinitiv data.

Continue reading...

Nancy Pelosi calls for diplomatic boycott of 2022 Beijing Winter Olympics – video

US House speaker Nancy Pelosi has called for a US diplomatic boycott of the 2022 Winter Olympics in Beijing, saying global leaders who attend the games would lose their moral authority to criticise China for human rights abuses. Pelosi’s statement comes as US lawmakers have been increasingly vocal about a boycott or venue change over the treatment of Uyghurs and other ethnic minorities in China. ‘What I propose – and join those who are proposing – is a diplomatic boycott,”’Pelosi said. ‘Let’s not honor the Chinese government by having heads of state go to China.’

Continue reading...

Chips with everything: how one Taiwanese company drives the world economy

A Covid-driven global shortage of microchips has put manufacturer TSMC at the heart of the world’s recovery, as well as US-China tensions

Living on an island long coveted by a large and increasingly powerful neighbour, the residents of Taiwan have given some thought to where might be the best place to go should the worst happen. Some think it might be the hills, others historic buildings that China will want to preserve. By the same reasoning, some believe it is the factory run by the world’s biggest computer chip maker, TSMC.

Taiwan has for decades been both a global strategic flashpoint and one of the world’s economic powerhouses. In an industrial park about an hour’s drive from Taipei, those twin identities merge almost perfectly in the form of the factory run by TSMC, the world’s largest maker of computer chips – a facility so vital that some Taiwanese think it could be the safest place to flee to should China one day invade.

Continue reading...

Nancy Pelosi calls for US diplomatic boycott of Beijing Winter Olympics

US House speaker says leaders who attend Games would lose moral authority because of China’s treatment of Uyghur minority

US House speaker Nancy Pelosi has called for a US diplomatic boycott of the 2022 Winter Olympics in Beijing, criticising China for human rights abuses and saying global leaders who attend would lose their moral authority.

US lawmakers have been increasingly vocal about an Olympic boycott or venue change, and have lashed out at American corporations, arguing their silence about what the State Department has deemed a genocide of Uyghurs and other ethnic minorities in China was abetting the Chinese government.

Continue reading...

People flee in panic as 300-metre skyscraper wobbles in China – video

One of China’s tallest skyscrapers was evacuated on Tuesday after it began to shake, sending panicked shoppers running to safety. The nearly 300-metre (980ft) SEG Plaza in Shenzhen, southern China, inexplicably began to shake at about 1pm, prompting an evacuation of people inside while pedestrians looked on open-mouthed. The building was closed by 2.40pm, according to local media reports

Continue reading...

Panic as 300-metre-high skyscraper wobbles in China

SEG Plaza in Shenzhen, one of country’s tallest buildings, evacuated after it inexplicably starts shaking

One of China’s tallest skyscrapers was evacuated on Tuesday after it began to shake, sending panicked shoppers scampering to safety.

The near 300 metre (980ft) high SEG Plaza in Shenzhen, southern China, inexplicably began to shake at around 1pm, prompting an evacuation of people inside while pedestrians looked on open-mouthed.

Continue reading...

China divorces drop 70% after controversial ‘cooling off’ law

Law requires couples to wait 30 days before formalising divorce – but some say it has made young people more likely to avoid marriage

The number of divorces in China dropped more than 70% in the first quarter of this year, after a controversial law forcing a “cooling-off period” for couples came into effect.

According to data published by the ministry of civil affairs, 296,000 divorces were registered during the first three months of 2021, down from 1.05m in the previous quarter, and 1.06m in the same time period the year before, according to state media.

Continue reading...

‘I can’t be that careless’: Australian Uyghur activist targeted online

Nurgul Sawut, who has been named on a Chinese blacklist, says she’s experienced online trolling, nasty messages and malware

A Uyghur activist in Australia who has been the target of cyber-attacks by hacker groups in China says the Australian government needs to do more to educate the Uyghur community in Australia to protect themselves online.

Uyghur activists outside of China are frequently the target of hackers based in China.

Continue reading...

How missing CCTV footage turned a Chinese family’s tragedy into a national conspiracy

A mother’s search for the truth about her son’s death exposes the level of public distrust in China’s authorities

On Mother’s Day last Sunday, 17-year-old Lin Weiqi wished his mother – referred to only as Madame Lu in Chinese media – a good day. “Mum, enjoy your day,” he said to her that morning. He was Lu’s only child. Like most Chinese parents of the one-child generation, Lin was her pride and joy.

Late in the afternoon, before Lin had gone back to his school in the south-western city of Chengdu, Lu prepared snacks for him in case he was hungry in the evening. Nothing seemed out of the ordinary until an hour later.

Continue reading...

China tornadoes kill 10, injure hundreds

State media says at least six people died in the inland city of Wuhan, where Covid-19 first emerged in late 2019

Back-to-back tornadoes killed at least 10 people in central and eastern China and left more than 300 others injured, officials and state media have reported.

Six people died in the inland city of Wuhan and four others in the town of Shengze, about 400km (250 miles) east, in Jiangsu province, local government statements said.

Continue reading...

China lands unmanned spacecraft on Mars for first time

State-run media says landing ‘spectacularly conquered’ a new milestone; it joins US Perseverance rover which landed in February

An unmanned Chinese spacecraft has successfully landed on the surface of Mars, Chinese state news agency Xinhua has reported, making China the second space-faring nation after the US to land on the red planet.

The official Xinhua news agency said the lander had touched down on Saturday, citing the China National Space Administration.

Continue reading...

News Corp exclusive on Chinese ‘bioweapons’ based on discredited 2015 book of conspiracy theories

Report in the Australian newspaper promoting Sharri Markson’s book on origins of Covid criticised as misleading and alarmist by China analysts

The Australian’s exclusive about a “chilling” document produced by Chinese military scientists is based on a discredited 2015 book containing conspiracy theories about biological warfare which is freely available on the internet.

Written by the paper’s investigations writer, Sharri Markson, the report last Saturday said Chinese military scientists “discussed the weaponisation of Sars coronaviruses five years before the Covid-19 pandemic” and predicted a third world war would be fought with biological weapons.

Continue reading...

Chinese county bans birthday parties for public servants

Housewarmings banned and limits imposed on weddings and funerals in anti-corruption drive

Authorities in a Chinese county have banned public servants and Communist party members from having birthday parties, housewarmings and other banquet celebrations.

Authorities in Funing county, in Yunnan province, also put caps on weddings and funerals, limiting guest numbers and food budgets. The measures, seemingly targeted at potential corruption, include bans on using official vehicles for business or collecting gifts and cash that are “obviously higher [value] than normal reciprocity”.

Continue reading...

China’s feminists protest against wave of online abuse with ‘internet violence museum’

A growing nationalistic fervour is fuelling a torrent of vitriol against anyone speaking out against the state, especially women’s rights activists

Late last month, an “unknown hill in the Chinese desert” was blanketed in scores of large red and white banners, flapping vitriol in the breeze. “I hope you die, bitch,” said one. “Little bitch, screw the feminists,” said others.

They were all actual messages sent to women, a direct act of harassment anonymised by social media. They were sent during weeks of intense debate about the treatment of women on platforms such as Weibo, sparked by the abuse of Xiao Meili who posted video of a man who threw hot liquid at her after she asked him to stop smoking.

Continue reading...

Chinese Uyghur policy causes ‘unprecedented’ fall in Xinjiang birthrates

Research finds figure fell by almost half between 2017-2019, backing claims of coercive fertility policies

Birthrates in Xinjiang fell by almost half in the two years after the Chinese government implemented policies to reduce the number of babies born to Uyghur and other minority Muslim families, new research has claimed.

The figures show unprecedented declines which were more extreme than any global region at any time in the 71 years of UN fertility data collection, including during genocides in Rwanda and Cambodia, according to the authors of the report by the Australian Strategic Policy Institute (Aspi).

Continue reading...

The Lady in the Portrait review – painterly pageantry in a Chinese royal court

Fan Bingbing stars as an emperor’s wife having her portrait painted in this artful yet inert period drama

This French-Chinese co-production about an earlier French-Chinese collaboration offers handsome pageantry amid its lavish recreation of 18th-century imperial court life, but it isn’t quite enough to compensate for a puttering narrative motor. Longtime Apichatpong Weerasethakul producer Charles de Meaux has turned director with a far eastern equivalent of Girl With a Pearl Earring – another decorous, ever so slightly sleepy matinee sit.

The film’s subject is Jean-Denis Attiret (played by Melvil Poupaud), a real-life French Jesuit missionary who spent half of his 60-odd years employed as the Chinese court painter. His trickiest commission, recalled here, came from the emperor’s bored wife (Fan Bingbing), thirsting to preserve an image that might turn her indifferent husband’s head.

Continue reading...

Why China and east Asia’s ageing population threatens global Covid recovery

Analysis: Beijing’s census data confirms trend reflected across a region that is looked to as engine of post-pandemic growth

For many years China watchers have been concerned that its ageing population will slow economic growth, causing social as well as political problems. So today’s census data may be an alarm bell for leaders in Beijing.

But it is not just China that is witnessing this trajectory. Most countries in east Asia, even without fertility control policies such as China’s one-child or two-child policies, share the same predicament: how to continue economic growth while encouraging people to have more children?

Continue reading...

China tourist left clinging to 100m-high bridge after glass panels smash

Man rescued after sudden gusts shattered panels on bridge in Longjing city

A man was left stranded on a glass-bottomed suspension bridge in north-eastern China after sudden gale-force winds shattered the transparent panels around him.

The man was on the 100-metre-high bridge at Piyan Mountain in Longjing city, when it was hit by sudden strong weather, the local tourism department said.

Continue reading...

Coronavirus live news: Johnson to announce timetable for lifting England restrictions

People to mix indoors from next week ... China to set up ‘separation line’ on Everest peak to stop Nepal Covid spread ... calls grow for India national lockdown. Follow latest updates

Australia’s international travel ban is based on politics and not science, according to health experts who say there are a number of countries Australia could safely resume travel with this year.

On Sunday the treasurer Josh Frydenberg told SBS News that the budget expectation is that international travel will begin in 2022, with further detail expected when the budget is released on Tuesday. Meanwhile the prime minister Scott Morrison posted on Facebook that borders would only open “when it is safe to do so”, saying during media interviews over the weekend that Australians do not have an “appetite” for opening borders if it means further lockdowns and restrictions.

Related: ‘Politics rules’: Australia’s international travel ban not based on science, health experts say

The reopening of outdoor bars and restaurants in France will go ahead on 19 May 19, health minister Olivier Veran has said on Monday, as the number of Covid cases in intensive care eases.

“The prospects look rather good but we must not let down the guard,” Veran told LCI television.

Continue reading...

Anger as Chinese safari park kept leopard breakout from the public for nearly a week

Three leopards from Hangzhou Safari Park were spotted by villagers on 1 May, but the park only reported the missing leopards on Saturday

A search for the last of three leopards that escaped from a safari park in eastern China was ongoing, authorities said Monday, as the park came under fire for concealing the breakout for nearly a week.

The three leopards from the Hangzhou Safari Park were spotted by villagers as early as 1 May, according to the state-owned Global Times newspaper. However, the safari park only reported the missing leopards and alerted the public on Saturday.

Continue reading...