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Asian news from Beijing

Country Garden - China's Country Garden aims to pay missed coupons by next week - asia.nikkei.com - China -  Beijing - Hong Kong

China's Country Garden aims to pay missed coupons by next week

HONG KONG (Reuters) -- Embattled Chinese property developer Country Garden said it was unable to pay two onshore coupons due on Thursday, but China Bond Insurance Co would do so on its behalf if it missed paying within a grace period that ends next week.

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Xi Jinping - Viktor Orbán - China’s Xi receives ceremonial welcome in Hungary ahead of talks with Orbán - apnews.com - France - China -  Beijing - Eu - Hungary - Greece - Serbia -  Budapest, Hungary

China’s Xi receives ceremonial welcome in Hungary ahead of talks with Orbán

BUDAPEST, Hungary (AP) — Chinese President Xi Jinping received a ceremonial welcome in Hungary’s capital on Thursday ahead of a day of talks with Hungarian officials which are expected to result in further Chinese investments in the Central European country.

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Grading the CHIPS Act and the other costs of AI - asia.nikkei.com - China - Russia -  Beijing - Britain - state California - Los Angeles

Grading the CHIPS Act and the other costs of AI

Hello from sunny California. I'm in Los Angeles this week, along with thousands of bankers, investors, policymakers and tech executives, for the annual Milken Institute Global Conference.

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CHRISTOPHER BODEEN - China criticizes US for ship’s passage through Taiwan Strait weeks before new leader takes office - apnews.com - China - Taiwan - Usa -  Taipei, Taiwan -  Beijing - Washington

China criticizes US for ship’s passage through Taiwan Strait weeks before new leader takes office

TAIPEI, Taiwan (AP) — China’s military criticized a U.S. destroyer’s passage through the Taiwan Strait less than two weeks before the island’s new president takes office and while Washington and Beijing are making uneven efforts to restore regular military exchanges.

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Xi Jinping - Antony Blinken - Emmanuel Macron - Ursula Von - Alicia Garcia Herrero - Xi’s visit a hard reality check for EU-China relations - asiatimes.com - France - China - Usa - Russia -  Beijing - India - Ukraine - Eu - Hungary - Serbia

Xi’s visit a hard reality check for EU-China relations

President Xi Jinping’s European tour, his first in five years, has shown how much EU member states, at least those in the core of Europe, need a reality check.

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Evelyn Cheng - China's imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow - cnbc.com - China - Russia -  Beijing - Eu - Vietnam

China's imports jump 8.4% in April, exceeding expectations as purchases from the U.S. grow

BEIJING — China's customs agency released data Thursday that showed exports rose in-line with expectations in April, while imports surged ahead of forecasts.

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Bloomberg - Arsenio Balisacan - South China Sea: Philippines says ‘not turning against’ Beijing, economy doing well despite maritime feud - scmp.com - China - Philippines -  Beijing -  Manila

South China Sea: Philippines says ‘not turning against’ Beijing, economy doing well despite maritime feud

“There doesn’t seem to be any indication at all that these issues have remarkable adverse effects on the economy,” Economic Planning Secretary Arsenio Balisacan said on Thursday, shortly after the government reported first-quarter growth of 5.7 per cent, below a 5.9 per cent expansion seen in a Bloomberg survey.

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U.S. eyes curbs on China's access to AI software behind apps like ChatGPT - cnbc.com - China -  Beijing - Washington

U.S. eyes curbs on China's access to AI software behind apps like ChatGPT

The Biden administration is poised to open up a new front in its effort to safeguard U.S. AI from China with preliminary plans to place guardrails around the most advanced AI Models, the core software of artificial intelligence systems like ChatGPT, sources said.

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