0x815

@0x815@feddit.de

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U.S. warned Austria's Raiffeisen Bank International (RBI) access to dollar system could be curbed over Russia ( www.reuters.com )

TLDR: RBI, the largest Western bank in Russia, has been warned by the U.S. Treasury about financial system access in a letter voicing concerns over its Russian business. Concerns remain even though RBI dropped plans to sell its Russia-business to sanctioned billionaire Deripaska. Austrian finance ministry says it assumes RBI...

Concerns grow about the wellbeing of Chinese journalists Zhang Zhan after supposed jail release as she failed to make contact with the outside world ( www.theguardian.com )

Zhang Zhan, 40, a lawyer turned citizen journalist, was detained in May 2020 after she travelled to Wuhan to report on the early days of the Covid-19 pandemic. Her videos and social media posts drew attention to the government’s stifling of information about the spread of the disease and the harsh lockdowns that were being...

Concerns grow about the wellbeing of Chinese journalists Zhang Zhan after supposed jail release as she failed to make contact with the outside world ( www.theguardian.com )

Zhang Zhan, 40, a lawyer turned citizen journalist, was detained in May 2020 after she travelled to Wuhan to report on the early days of the Covid-19 pandemic. Her videos and social media posts drew attention to the government’s stifling of information about the spread of the disease and the harsh lockdowns that were being...

U.S. warned Austria's Raiffeisen Bank International (RBI) access to dollar system could be curbed over Russia ( www.reuters.com )

TLDR: RBI, the largest Western bank in Russia, has been warned by the U.S. Treasury about financial system access in a letter voicing concerns over its Russian business. Concerns remain even though RBI dropped plans to sell its Russia-business to sanctioned billionaire Deripaska. Austrian finance ministry says it assumes RBI...

U.S. warned Austria's Raiffeisen Bank International (RBI) access to dollar system could be curbed over Russia ( www.reuters.com )

TLDR: RBI, the largest Western bank in Russia, has been warned by the U.S. Treasury about financial system access in a letter voicing concerns over its Russian business. Concerns remain even though RBI dropped plans to sell its Russia-business to sanctioned billionaire Deripaska. Austrian finance ministry says it assumes RBI...

U.S. warned Austria's Raiffeisen Bank International (RBI) access to dollar system could be curbed over Russia ( www.reuters.com )

TLDR: RBI, the largest Western bank in Russia, has been warned by the U.S. Treasury about financial system access in a letter voicing concerns over its Russian business. Concerns remain even though RBI dropped plans to sell its Russia-business to sanctioned billionaire Deripaska. Austrian finance ministry says it assumes RBI...

Lesbian Women Set on Fire in Argentina ( www.hrw.org )

Three lesbian women have died and one more is in critical condition in Buenos Aires, Argentina, after a man threw a Molotov cocktail into their boarding house room on May 6, setting them all on fire. One woman, Pamela Fabiana Cobas, was severely burned and died almost immediately. Her partner, Mercedes Roxana Figueroa, died of...

Lesbian Women Set on Fire in Argentina ( www.hrw.org )

Three lesbian women have died and one more is in critical condition in Buenos Aires, Argentina, after a man threw a Molotov cocktail into their boarding house room on May 6, setting them all on fire. One woman, Pamela Fabiana Cobas, was severely burned and died almost immediately. Her partner, Mercedes Roxana Figueroa, died of...

The coordination network toolkit: a framework for detecting and analysing coordinated behaviour on social media ( link.springer.com )

The authors introduce and evaluate an open-source software package and methodological framework for detecting and analysing coordinated behaviour on social media, namely the Coordination Network Toolkit, utilising weighted, directed multigraphs to capture intricate coordination dynamics....

0x815 OP ,

This is maybe a good idea. What would an emoji analysis tell us about a network? 😃

We need to talk about Chinese and US influence in Europe’s energy industry, European researchers say ( theconversation.com )

The EU’s climate agenda is in trouble. The Green Deal, which aims to slash the bloc’s carbon emissions by 55% by 2030, had started off promisingly after several major pieces of legislation were adopted, including its ban on the sale of new combustion-powered vehicles from 2035 and new carbon border tax....

0x815 OP ,

China wouldn't agree with your view I guess.

0x815 OP ,

In addition to whst @taanegl already said:

Hong Kong’s Freedoms: What China Promised and How It’s Cracking Down

Before the British government handed over Hong Kong in 1997, China agreed to allow the region considerable political autonomy for fifty years under a framework known as “one country, two systems.”

In recent years, Beijing has cracked down on Hong Kong’s freedoms, stoking mass protests in the city and drawing international criticism.

Beijing imposed a national security law in 2020 that gave it broad new powers to punish critics and silence dissenters, which has fundamentally altered life for Hong Kongers.

Beijing had been chipping away at Hong Kong’s freedoms since the handover, experts say. Over the years, its attempts to impose more control over the city have sparked mass protests, which have in turn led the Chinese government to crack down further.

In the years following the 2014 protests, Beijing and the Hong Kong government stepped up efforts to rein in dissent, including by prosecuting protest leaders, expelling several new legislators, and increasing media censorship.

"This model acts as a subsidy for Chinese companies": Pakistan's Gwadar port exposes China's Belt and Road failure ( www.dw.com )

Pakistan's Gwadar port was meant to be a shining success for the prestigious China-Pakistan Economic Corridor (CPEC), part of China's global collection of infrastructure projects and trade networks known as the Belt and Road Initiative (BRI). But almost two decades later, it still sits empty....

0x815 OP ,

Last year, researchers at AidData, the World Bank, the Harvard Kennedy School, and the Kiel Institute for the World Economy in Germany found that Beijing has dramatically expanded emergency rescue lending to sovereign borrowers in financial distress —or outright default- when the China's Belt and Road Investments have failed.

Essentially, however, China has been bailing out its own banks, the study found. You can download the study here.

TLDR:

China had undertaken 128 rescue loan operations across 22 debtor countries worth $240 billion [by March 2023 when the study was published]. These include many so-called “rollovers,” in which the same short-term loans are extended again and again to refinance maturing debts.

Less than 5 percent of Beijing’s overseas lending portfolio supported borrower countries in distress in 2010, but that figure soared to 60 percent by 2022. Therefore, China's new funding schemes pivoted away from infrastructure project lending to ramping up liquidity support operations. Nearly 80% of its emergency rescue lending was issued between 2016 and 2021.

China does not offer bailouts to all BRI borrowers: low-income countries are typically offered a debt restructuring that involves a grace period or final repayment date extension but no new money, while middle-income countries tend to receive new money to avoid default. The reason is that these middle-income countries represent 80% or more than $500 billion of China’s total overseas lending, thus posing major balance sheet risks, so Chinese banks have incentives to keep them afloat via bailouts.

Borrowing from Beijing in emergency situations comes at a high price. Rescue loans from the International Monetary Fund (IMF) carries a 2% interest rate, while the average interest rate attached to a Chinese rescue loan is 5% in comparable situations.

"This model acts as a subsidy for Chinese companies": Pakistan's Gwadar port exposes China's Belt and Road failure ( www.dw.com )

Pakistan's Gwadar port was meant to be a shining success for the prestigious China-Pakistan Economic Corridor (CPEC), part of China's global collection of infrastructure projects and trade networks known as the Belt and Road Initiative (BRI). But almost two decades later, it still sits empty....

Andrei Beloussow ist Putins neuer Verteidigungsminister. Krieg sieht er als Basis für wirtschaftliche Erfolge. ( taz.de ) German

Nein, mit ihm hatte niemand gerechnet. Nun aber, da der russische Präsident Wladimir Putin für eine abendliche Überraschung gesorgt hatte, lobt jeder in der russischen Elite Andrei Beloussow (gesprochen: Belo-ussow), Russlands neuen Verteidigungsminister, bislang als Vizeregierungschef für Wirtschaftspolitik bekannt. „Eine...

Europäische Batterieproduktion könnte CO2-Einsparungen von bis zu 60 % gegenüber Herstellung in China bringen – Analyse ( www.transportenvironment.org ) German

Ohne entschiedenes Handeln auf EU-Ebene sind allerdings mehr als die Hälfte der geplanten europäischen Produktionskapazitäten gefährdet....

European made batteries could be 60% less carbon intensive than Chinese, researchers urging Europe to support investments ( www.transportenvironment.org )

Onshoring the EV supply chain to Europe would cut the emissions of producing a battery by 37% compared to a China-controlled supply chain, according to new analysis by Transport & Environment (T&E). This carbon saving rises to over 60% when renewable electricity is used. Producing Europe’s demand for battery cells and...

European made batteries could be 60% less carbon intensive than Chinese, researchers urging Europe to support investments ( www.transportenvironment.org )

Onshoring the EV supply chain to Europe would cut the emissions of producing a battery by 37% compared to a China-controlled supply chain, according to new analysis by Transport & Environment (T&E). This carbon saving rises to over 60% when renewable electricity is used. Producing Europe’s demand for battery cells and...

0x815 OP ,

I don't like the term 'gigafactory' either, it's just that I didn't want to change the original version ...

In an area in eastern Serbia, a steel mill acquired by Chinese company HBIS became synonymous with environmental degradation and health hazards for the local community ( www.onegreenplanet.org )

In the villages surrounding the eastern Serbian city of Smederevo, trouble has brewed over the last eight years. Once a symbol of economic promise, the steel mill acquired by Chinese company HBIS has become synonymous with environmental degradation and health hazards for the local community....

In an area in eastern Serbia, a steel mill acquired by Chinese company HBIS became synonymous with environmental degradation and health hazards for the local community ( www.onegreenplanet.org )

In the villages surrounding the eastern Serbian city of Smederevo, trouble has brewed over the last eight years. Once a symbol of economic promise, the steel mill acquired by Chinese company HBIS has become synonymous with environmental degradation and health hazards for the local community....

Former spy for China's secret police reveals operations targeting dissidents in Australia and overseas ( www.abc.net.au )

The inner workings of China's notorious secret police unit and how it hunts down dissidents living overseas – including in Australia – have been exposed by a former spy in a Four Corners investigation, raising tough questions about Australia's national security....

0x815 OP ,

Yes, there is strong evidence for these practices. Safeguard Defenders, a rights group, published a comprehensive reports on that issues, for example on China's Consular Volunteers (November 2023):

For at least a decade, PRC Embassies and Consulates have been running consular volunteers in countries around the world. These have been seemingly undeclared to most host nations.

[...]

The network runs through United Front-linked associations and individuals and shows the involvement of the Overseas Chinese Affairs Office (OCAO), on which a January 2022 Federal Canadian Court decision upheld labeling as an entity that engages in espionage and acts contrary to Canada’s interests with concerns over “OCAO’s interactions with the overseas Chinese communities, the information gathered, and the intended use of the gathered information”.

Everyone interested can find more at https://safeguarddefenders.com and across the web.

Former spy for China's secret police reveals operations targeting dissidents in Australia and overseas ( www.abc.net.au )

The inner workings of China's notorious secret police unit and how it hunts down dissidents living overseas – including in Australia – have been exposed by a former spy in a Four Corners investigation, raising tough questions about Australia's national security....

Former spy for China's secret police reveals operations targeting dissidents in Australia and overseas ( www.abc.net.au )

The inner workings of China's notorious secret police unit and how it hunts down dissidents living overseas – including in Australia – have been exposed by a former spy in a Four Corners investigation, raising tough questions about Australia's national security....

0x815 ,

It's very unlikely that Chinese cars are sold at a loss.

Even if we ignore for a moment that Chinese cars are produced at such low costs not in the least because of the use of forced labour and thus by ignoring even the most fundamental human rights, China will subsidize its EV industry at all costs, also offering dumping prices. China's 'industrial policy' isn't focused on financial health but on scale to destroy foreign competition to control the market for economic and political gains.

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