To tighten his oversight, Xi has deployed roving inspection teams across the country and embedded CCDI officials into major party institutions and state enterprises. They have undertaken blitzes in sectors such as finance, healthcare and energy.
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Two people were faulted for taking rides in private aircraft, while another six were cited for flying first class. One official styled himself as a “tasting expert” for Moutai, illegally receiving hundreds of bottles, according to a party disclosure.
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Other offenses included: Improperly discussing the party center’s policies; trading power and money for sex, illegally distributing classified materials.
Punishment: Expelled from the Communist Party in 2021; received suspended death sentence in 2022.
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@jiyoungjsohn@joyuwang@junko_fukutome Starting wages for an engineer at TSMC can be triple the pay of comparable jobs elsewhere. Some executives poached by the company from smaller firms were enticed by raises of as much as 30%, said Choc Chiang of Taipei-based recruitment platform WeFer.
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Crazy Rich Returns Lure Cabbies and Even Kids to Red-Hot Asian Markets—Global success of AI-related companies in South Korea, Taiwan and Japan stokes market fever
@jiyoungjsohn@joyuwang@junko_fukutome
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@jiyoungjsohn@joyuwang@junko_fukutome The chip maker accounts for more than 41% of Taiwan’s main stock market. By comparison, the Magnificent Seven—Apple, Microsoft, Alphabet, Amazon, Nvidia, Meta and Tesla—together make up roughly a third of the S&P 500.
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Recently-departed State Dept. official Jonathan Fritz: “The fact that the president of the United States might indefinitely delay or even cancel an arms package to Taiwan…because Xi Jinping had persuaded him to…would be a profoundly destabilizing event.”
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“Last year, the European Union sanctioned two small regional lenders for the first time. ‘Are we serious about enforcing these sanctions or not?’ said Elaine Dezenski, a former senior Department of Homeland Security official.”
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“No Chinese bank has been sanctioned by the U.S. for facilitating payments for Russia, the bipartisan U.S.-China Economic and Security Review Commission said in a November report to Congress.”
@kowsmann@RoryWSJ
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“The Chinese will push back hard…China’s recent decrees on supply chains and other countries’ extraterritorial measures make clear that it wants to keep the world dependent. On trade policy, the EU and China are heading for a mighty collision.”
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The Economist: “A trade war between the EU and China seems inevitable…The question is no longer whether Europe will pull up some drawbridges, but how many and how fast, and how it will deal with the consequences.”
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“The great unknown is China’s response. It might hit back with export bans that would deny European industry crucial materials or parts. ‘China is overconfident, but that makes them a difficult negotiation partner,’ argues a longtime observer.”
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