Latest news with #JamesMayger
Mint
16-07-2025
- Business
- Mint
Chinese Court Jails Japanese Executive in Spying Case, Report Says
A Chinese court sentenced a Japanese national to prison for espionage, in a verdict that threatens to test ties anew between Asia's two largest economies. The man, an executive of Japanese drugmaker Astellas Pharma Inc., was handed a jail term of three-and-a-half years, according to the Embassy of Japan in Beijing. The executive was detained in March 2023 and charged with espionage in October of that year. The sentence comes amid already tense relations between the two countries, which have been hurt by a range of issues, from Chinese military maneuvers to Japan's release of treated nuclear wastewater into the ocean. READ: China Charges Japanese Executive Detained For Spying 'We have consistently urged the Chinese side for the early release of Japanese nationals through various channels, including at the leader and foreign minister levels,' the Embassy said in a statement. 'It is deeply regrettable that a guilty sentence was handed down in this case.' Beijing had cited the country's national security for not heeding Tokyo's call for the man's release. A spokesperson for Astellas declined to comment when contacted by Bloomberg News. The case has alarmed executives in China. Japanese companies are not the only ones whose employees have been taken into custody. An executive and two former employees of WPP Plc, one of the world's biggest advertising companies, were arrested in China in 2023 in relation to a bribery investigation. Chinese police also took into custody four Taiwanese employees at Hon Hai Precision Industry Co., Apple Inc.'s main assembly partner last year. With assistance from Yui Hasebe and James Mayger.
Bloomberg
14-07-2025
- Business
- Bloomberg
China Shrugs Off Tariffs to Extend Its Manufacturing Dominance
I'm Malcolm Scott, international economics editor in Sydney. Today, James Mayger, a trade reporter in Beijing, looks at China's manufacturing dominance. Send us feedback and tips to ecodaily@ And if you aren't yet signed up to receive this newsletter, you can do so here. There's a rising drumbeat of complaints about China's mighty export machine, with the US and others complaining that the flood of cheap Chinese exports is undercutting their own industries, and in some cases imposing tariffs to try to stem the tide.
Bloomberg
11-07-2025
- Business
- Bloomberg
China's AI Dreams Lead to Data Centers in Once-Restive West
Hello this is Colum Murphy in Beijing. I recently travelled to the edge of the Gobi desert in Xinjiang with my colleague James Mayger to take a closer look at China's ambitious plan to build a slew of massive data centers with an eye on leading the world in artificial intelligence.
Bloomberg
08-07-2025
- Business
- Bloomberg
Big Take Asia: China's AI Bet Rises From the Desert
In a remote part of China's northwestern Xinjiang region, dozens of data centers rise from the desert. A Bloomberg analysis of investor and tax documents and company filings found Chinese companies plan to buy more than 115,000 high-tech Nvidia chips — chips the US has banned from being exported to China – to power these centers, which could then be used for training AI models. On today's Big Take Asia Podcast, host K. Oanh Ha talks to Bloomberg's Andy Lin and James Mayger about the story, and what it means for China's AI master plan.
Bloomberg
04-07-2025
- Business
- Bloomberg
Trump's Global Dealmaking Frenzy Is Making China Nervous
Hi, this is James Mayger in Beijing, where everyone is paying close attention to President Donald Trump's latest trade deal with Vietnam. Like so much of US trade policy, it's like seeing through a glass darkly for now, with few details available and negotiations apparently still ongoing.
