Weak US dollar is a significant risk for emerging markets: Portfolio manager
Thea Jamison, Managing Director and Portfolio Manager at CHANGE Global Investment, discusses her top picks in the Chinese market, the impact of dollar moves, and her outlook for broader Asia emerging markets.
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Business Upturn
an hour ago
- Business Upturn
Global Times: A new era of shared development and cultural exchange with China: Colombian Ambassador to China
Beijing, China, June 14, 2025 (GLOBE NEWSWIRE) — In an era marked by unprecedented global transformations, the world stands at a critical crossroads, grappling with deepening deficits in peace, development, security, and governance. As humanity faces unparalleled challenges during this tumultuous period, Xi Jinping, general secretary of the Communist Party of China (CPC) Central Committee and Chinese president, has put forth a solemn call to action through the Global Development Initiative (GDI), the Global Security Initiative (GSI), and the Global Civilization Initiative (GCI). The three pivotal initiatives address the pressing issues of our time, offering viable pathways and robust support for the building of a global community with a shared future. Rooted in the rich historical experiences of the CPC's century-long struggle and infused with the wisdom of China's traditional culture, these initiatives are expected to unite the world in the pursuit of common progress and stability. To offer a deep understanding of the three global initiatives, and elaborate on their significance on a global scale, the Global Times is launching a series of articles. China and Colombia signed a cooperation plan on jointly building the Silk Road Economic Belt and the 21st-Century Maritime Silk Road on May 14. The year 2025 marks the 45th anniversary of the establishment of diplomatic relations between China and Colombia. Since the establishment of diplomatic relations 45 years ago, the two countries have witnessed the steady growth of economic and trade ties with tangible results. China is now Colombia's second-largest trading partner, while Colombia ranks as China's fifth-largest trading partner in Latin America. Colombia's agricultural products, ranging from coffee to cut flowers, are becoming increasingly popular in the Chinese market. In this issue, Global Times reporters Xu Liuliu and Liu Yang (GT) spoke with Colombian Ambassador to China, Sergio Cabrera Cardenas (Cabrera), about bilateral cooperation and exchanges, as well as his insights on the GDI, the GCI, and the GSI. GT: Colombian President Gustavo Petro was in Beijing for the fourth ministerial meeting of the China-CELAC (the Community of Latin American and Caribbean States) Forum in May. On May 14, Colombia officially joined the building of the Silk Road Economic Belt and the 21st-Century Maritime Silk Road, a milestone decision in Colombia's diplomatic history. Why did Colombia make such a decision? How will the two sides expand trade through mechanisms such as cross-border e-commerce and free trade agreements? Cabrera: Colombia's accession to the Belt and Road Initiative (BRI) has been a long process that began around six years ago during the previous government. Although the previous government initiated some studies, it decided not to join. When President Gustavo Francisco Petro took office, he quickly sent copies of the memorandum to the different ministries and institutions that were somehow related to the commitments that were going to be made. It has been a two-year study process, as it is natural, in any case, that there were many people interested in strengthening the bilateral relationship with China through the BRI decision. Colombia is a country strongly influenced by the US, a country that has been its natural ally, as the US is the country with which Colombia has the most trade, so both the influence of the North and that of the business sector was a brake on the possibility of signing this agreement, but fortunately, thanks to the relationship between the Colombian Foreign Ministry and the Chinese Foreign Ministry, all the adjustments were made and the agreement was signed, and we are very satisfied to say that we were able to sign this agreement. [Signing the agreement] was a challenge for me. That is, since I arrived at the embassy, I was resolved that, whatever it took, we had to find the way to sign it, and at this moment I believe that the people who are better versed with what has been signed, are very satisfied, as this cooperation is crystallizing in projects, with the plan to start studying different initiatives and projects to move forward little by little. We are acting on taking the first step of a great march, and I think that it will strengthen e-commerce, physical commerce, education, culture, industry, and agriculture. Everything will benefit greatly from the signing of this memorandum. GT: Since being proposed in 2021, the GDI has been continuously substantialized, its implementation mechanisms increasingly refined, and practical cooperation under its framework has gradually taken shape, thereby offering China's solution to bridging the development gap in Global South countries as well as building a better world together. May I ask, what is your view on the content of the GDI? Cabrera: As for the GDI, I think this is a very important step that China has taken through President Xi Jinping, as it is an important initiative that considers the future in many aspects. China has a lot to teach the world. China is a country that has managed to strengthen, enrich, and build itself in the last 50 years. It has taken many people out of poverty, while developing industry and its technology. It is a great example for the rest of the world and especially for us Latin Americans and Colombians. The GDI , as I understand, it is the opportunity to exchange experiences and seek to walk toward the same objective, a global objective through which we can live together in peace and help each other to develop. GT: How do you view the role of the GCI in promoting cultural and people-to-people exchanges, cultural integration, and mutual understanding between China and Colombia? Cabrera: I have always thought that art, literature, and culture are not only tools but vehicles for development to get to know each other. In recent years, the cultural exchanges between Colombia and China have grown and in the future, we hope there will be many more exchanges because we have many things in common. Although we are two very different countries, we have the same love for the same literature, music, dance, and art. We like the same things and each one civilization approaches each passion uniquely. I believe that the arrival of cultural samples from another country enriches the country that receives it. Culture is important, but art is more important, as art generates emotions and feelings in any of its manifestations, such as in painting, in poetry, and in music. It makes people want to look for goodness and peace, so I think it is very important to strengthen the mechanisms of cultural and artistic cooperation between Colombia and China. GT: Security is a prerequisite for development, and humanity is an indivisible security community. The GSI aims to eradicate the root causes of international conflicts, improve global security governance, and urge the international community to join hands in injecting more stability and certainty into an unstable and changing era, so as to achieve lasting world peace and development. Under the current challenges and issues faced by the international community, how do you view the important significance of the GSI for today's world? Cabrera: I have grew up in a bipolar world in my youth, and not so long ago, we lived through the Cold War between the Soviet Union and the US. Today the world is more open, and there are many more possibilities. China, as such an important power, has entered the scene. It seems very important to me that in the search for world security, the US is not the world's policeman; the one who is going to fix the world's problems. The world is full of US military bases, which I don't think are of much use, because the world is still very imbalanced, so I think that the entry of China as a factor that contributes to reach a consensus on the interests of the peoples of the world in the search for world peace will be very important. I think it [GSI] is one of the most important initiatives that China has at this moment and toward the future. GT: How would you evaluate the China-CELAC Forum as an important platform for equal dialogue and mutually beneficial cooperation between China and Latin America? In an external environment where unilateralism is on the rise, how can China and Latin America strengthen multilateral cooperation to uphold free trade? Cabrera: The forum is an important organization for our Latin American and Caribbean region, and the union of these countries in CELAC has led to important advances and developments, and of course, the relationship between CELAC and China is very important because China is the country that is currently most interested in developing our region. It is the country that is most willing to invest in our region and that is why this forum, which just concluded, was so important, and that is why the conclusions of the forum are aligned with seeking to implement projects to help the development of the region and of each one of our countries. GT: As you say, this year marks the 45th anniversary of the establishment of diplomatic relations between China and Colombia. Ambassador, how do you evaluate the achievements of both countries in the last 45 years and the current development of bilateral relations? Cabrera: Cooperation between Colombia and China has been, and continues to be very important, and will be very important in the future. China has participated in the construction of many large Colombian projects, perhaps even the largest, such as the construction of the subway, the regional trans, and some highways. China is also somehow involved in the construction of the largest hydroelectric dam in Colombia. There are many Chinese projects related to the fight against global warming. It also provides technology transfer, with projects of communications, such as Chinese tech company Huawei. There are around 120 Chinese companies that are working in Colombia and they are helping greatly in the construction of infrastructure communications, health, and education. Aside from the signing of the adhesion to the BRI opens new possibilities, because China is generously offering opportunities for infrastructure construction and this is a moment in which our country needs to develop, needs to make big investments. There are not many interested in helping us, but China is interested in helping us. The BRI is helping countries develop big form of infrastructure with projects that benefit the people. GT: How do you see the prospects for cooperation between the two countries in cultural fields such as literature and tourism? How do you plan to promote cultural exchanges between the two countries in these sectors? Cabrera: We have talked about the importance of strengthening cultural exchanges, and we have immediate and long-term plans. This year is the 45th anniversary of the establishment of diplomatic relations between Colombia and China, so we have already carried out some activities. Books by Colombian authors have been published and translated into Chinese, as we have great writers like García Márquez and Álvaro Mutis. In addition, we also have many singers such as Shakira, which was known among the Chinese youth. I know that Shakira is interested in coming to China, and the embassy has a plan to take advantage of this year. We are also going to bring poets for meetings in China. Other projects include the film festival and every time the directors will come. We are also in talks to make a large sample of our art photography, contemporary, art and also ancient heritage. We are planning for the symphony orchestra of Colombia to return again at the end of the year, in order to celebrate the 45th years of the establishment of diplomatic relations with a great concert by the symphony orchestra of Colombia. This story first appeared in Global Times: Company: Global TimesContact Person: Anna Li Email: [email protected] Website: City: Beijing Disclaimer: This press release may contain forward-looking statements. Forward-looking statements describe future expectations, plans, results, or strategies (including product offerings, regulatory plans and business plans) and may change without notice. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements. Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same. Ahmedabad Plane Crash
Yahoo
4 hours ago
- Yahoo
China Just Froze a $35 Billion U.S. Merger -- And Investors Should Pay Attention
The $35 billion merger between Synopsys (SNPS) and Ansys has hit a significant roadblock as China's antitrust regulator postponed its final approval following renewed U.S. export controls. The proposed tie-up, which had already advanced to the final review stage by China's State Administration for Market Regulation, now faces uncertainty after the Trump administration expanded restrictions on semiconductor design software and other sensitive technologies to China. According to sources cited by the Financial Times, the delay is directly tied to Washington's latest move in late May to restrict sales of chip design toolsaffecting companies like Synopsyswithout special licenses. Warning! GuruFocus has detected 3 Warning Sign with GME. The timing of the setback comes just days after U.S. and Chinese officials reached a tentative truce in London to ease broader trade friction. However, the agreement appears fragile, with Beijing's curbs on critical mineral exports triggering further U.S. clampdowns. As a result, licenses for certain suppliers have been revoked, and a broader licensing regime has been reinstated. For Synopsys and Ansys, these geopolitical shifts now threaten to derail a merger that had already cleared regulatory hurdles in all other jurisdictions except China. Neither company, nor the Chinese regulator, has publicly commented on the reported delay. On the domestic front, the U.S. Federal Trade Commission last month required the divestiture of certain assets to alleviate antitrust concerns tied to the deal. Synopsys CEO has indicated that regulatory approval has been secured globallywith China as the sole outlier. Investors are watching closely as the delay could stretch the closing timeline or possibly trigger renegotiation risks, especially if trade tensions escalate further. This article first appeared on GuruFocus. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
New York Post
7 hours ago
- New York Post
Cuomo campaign aide who worked for companies tied to Chinese Communist Party quits after Post queries
A mayoral campaign aide to Andrew Cuomo resigned after The Post questioned the years he spent working for companies tied to the Chinese Communist Party and his meteoric rise through the Democratic Party, which alarmed local politicos and national security experts alike. Dr. Lining 'Larry' He stepped down from his role as Cuomo's Asian outreach director Friday, a week after The Post reached out to him and the Cuomo campaign about his extensive business ties to his native China. He had served as an executive for a powerful state-owned conglomerate that has CCP cells embedded in its corporate hierarchy, records and news reports obtained by The Post showed. These links, along with his association with a NYC political operative with known Beijing ties, worried experts who study the CCP's international influence efforts, which China calls the 'United Front.' 'His position as an Asian community liaison fits with a tactical pattern that such actors are using to gain political legitimacy and influence,' said Dr. Audrye Wong, a fellow with the American Enterprise Institute and United Front expert. He's links to Beijing include: As director of asset management of the state-owned Guangxi Beibu Gulf Investment, He pushed both California and Australia for deeper economic ties with China. He served from 2013 through 2015 as the former board chairman of Guangxi Beitou Petrochemical Company, a joint venture with state-owned Chinese oil giant Sinopec, according to a bio on the website of a commodity trading firm where He was a managing partner. The company's current corporate organization chart shows it has an official Chinese Communist Party cell embedded in its leadership. A regulatory consulting firm called Penshare-Banyu Technology, based in Chongqing, listed He as a partner. After The Post reached out to He, Penshare-Banyu deleted his picture and profile from its webpage, though it remains visible on Google. He owns import business InterStellar Enterprise, which ships plastic bottles into the U.S. from a manufacturer based in Shenzhen. His wife, Jing Lei, formed a new company weeks after the couple moved to Brooklyn that import manifests show brought in roughly 8.5 tons of plastic bottles from China in May alone. 4 He denied any ties to the Chinese Communist Party. 'I've never been an asset beholden to the Chinese government,' He told The Post. Kings County Democratic County Committee/ X The Post found He, 48, did not disclose any of these business relationships on mandatory filings he made as chief-of-staff to Assemblyman William Colton (D-Brooklyn), a job he started in late 2023 while living in upstate New York. The Cuomo campaign did not answer what sort of vetting process He underwent for the liaison job, and admitted He failed to properly disclose his business dealings to the Assembly, sending images of what it said were corrected filings in response to The Post's questions. 'Larry is a district leader and a known quantity in the community who does his job well,' said Cuomo spokeswoman Esther Jenson, who said any links to the CCP amounted to 'guilt by association.' He vehemently denied to The Post any involvement with the United Front or the CCP. 'I've never been an asset beholden to the Chinese government and oppose any and all foreign government influence in our political process,' He told The Post. 'Becoming an American citizen remains one of the highest honors of my life. The fact the CCP has been trying to assert itself is undeniable and something our community always looks out for.' He acknowledged his relationships with the various Chinese state entities, but said he left the jobs in 2015 because he disliked the 'bureaucratic' work and moved back to the U.S., where he had gotten his doctorate in the 2000s and where his wife and son lived. And He denied Australian news reports that he repeatedly visited the country to push import deals, and insisted he had only done 'startup training' at the Chongqing-based Penshare-Banyu, despite being listed on its site as a partner in the firm. 4 Andrew Cuomo's campaign praised He. POOL/AFP via Getty Images In October 2024, He was photographed attending an October celebration of the 75th anniversary of the birth of the People's Republic of China, alongside Brooklyn activist John Chan — who Wong has identified as the big wheel in the CCP's New York machine. Chan, 70, a one-time gangster who pleaded guilty to trafficking heroin and human trafficking, has participated in CCP events in the United States and China and publicly battled American policies supportive of the freedom of Hong Kong and the persecuted Uyghur ethnic minority. The Chinese Ministry of Foreign Affairs listed his activism on a webpage titled 'Activities of Overseas Chinese Affairs and Chinese-Funded Institutions,' according to the Washington Post. Critics have accused Chan and his operatives of trying to oust anti-Beijing members of the New York State Assembly, and have warned of pro-CCP agents working to infiltrate local Chinese community events. Chan has never faced formal allegations of spying but the FBI questioned him ahead of his trip to a CCP event on the mainland last year, according to the National Review, though no details of this interview have emerged. Chan did not respond to multiple requests for comment. He admitted that he knew Chan from community events, but denied having any formal relationship with him. Wong acknowledged that these connections, like He's business ties, do not prove he works for Beijing — but mark him as a figure with definite 'political connections,' and likely a strong understanding of the CCP's aims and interests. 'Someone with his background who is active in local politics or American politics, that is something politicians like Cuomo should be aware of and should be mindful of,' Wong said of He. 4 Larry He and John Chan were photographed at this rally for district leaders in the 49th Assembly District. Obtained by the New York Post After moving permanently to the U.S. from China in 2016, He bought a $317,790 five-bedroom home the Syracuse suburbs with his wife, a longtime professor at the local state university, records show. He formed his import firm there in 2018, and held the role of managing partner at OneStream Capital, which is headquartered in the town where he lived and was founded by a veteran of the Beijing-controlled China Venturetech Investment Corporation. He took his job with Colton in December 2023, and told The Post he moved to Brooklyn for the gig, even though he kept his upstate home. It wasn't until November 2024 that He registered to vote in New York City, listing a rented condo on Bay Parkway in Bensonhurst as his residence and attesting on the form that he had never cast a ballot in his life. He said the registration coincided with him becoming a citizen. Barely a month after becoming a New York City voter, the Kings County Democratic Party — led by Assemblywoman Rodneyse Bichotte Hermelyn — appointed He as a district leader. Just days after the appointment, He and his wife bought their own $830,000 condo on Kings Highway. In March, He was named to Cuomo's campaign — stunning community stalwarts. 'I have experience in the Brooklyn community for 20 years, and I have no idea where he comes from,' said one Chinese-American activist, who works with immigrants in Bensonhurst and Sunset Park, and who requested anonymity out of fear of reprisals. 'When I asked for more information about this person, it's a mystery. Nobody knows where he comes from.' Cuomo and other local pols have been a target of alleged CCP influence operations in the past, according to the U.S. Department of Justice. In September, federal prosecutors accused Linda Sun, who served as a Queens community liaison to Cuomo and Gov. Kathy Hochul in Albany, of working as an unregistered foreign agent for Beijing. Cuomo's team has told The Post Sun had minimal access to the then-governor. Last summer, the feds arrested two accused Chinese agents who allegedly worked to subvert Taiwan-born pastor and freedom activist Xiong Yan's bid for a New York congressional seat. In February 2024, the FBI raided the home of Winnie Greco, a longtime ally to John Chan and an aide to Mayor Eric Adams. These are all reasons Cuomo should be more cautious vetting his staff, said Yaqiu Wang, a veteran human rights researcher who has studied the United Front and the CCP's transnational influence operations. 4 Chan has participated in CCP events in the United States and China. NYP 'At this point, it's hardly surprising that individuals with close ties to the Chinese Communist Party are working for politicians in New York,' said Wang. 'Allowing CCP-affiliated individuals and entities to influence American electoral politics isn't just a national security threat—it's a human rights issue. New York has long been a refuge for people fleeing repression in China: pro-democracy activists, Tibetans, Uyghurs, and others who came seeking a place where they could speak freely,' she added.
