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The Latest Breaking News from Beijing

Tencent's Social Media Removes Posts Questioning China's Strong Economic Data

Tencent Holdings Ltd's (OTC:TCEHY) social media site WeChat deleted at least two reports by notable economists questioning China's surprisingly strong economic data, Bloomberg reports. JD.com Inc (NASDAQ:JD) chief economist Shen Jianguang argued over multiple contradictions behind the robust data. Tencent also removed a similar post by China Evergrande Group's former chief economist Ren…

Benzinga

Analysis-U.S. gamble on China over Ukraine raises tensions with rival superpower

The Biden administration made a carefully orchestrated gamble this week, issuing a series of public and private threats to Beijing that it will face consequences if it supports Russia's invasion of Ukraine.

Reuters

U.S. Olympian Alysa Liu, father targeted in Chinese spy case

U.S. Olympic figure skater Alysa Liu and her father Arthur Liu – a former political refugee – were targeted in a spying operation ahead of the Beijing Olympics that the Justice Department alleges was ordered by the Chinese government, the elder Liu said

The Independent UK

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China property shares soar on Beijing stimulus, despite continued debt crisis

Plans to shore up real estate and tech sectors welcomed by investors, but downgrade of third-biggest developer Sunac shows problems persist

The Guardian - AU

Biden's China 'pivot' complicated by Russia's war in Ukraine

Joe Biden set out to be the U.S. president who finally completed the “Asia pivot,” Washington lingo for a long sought adjustment of U.S. foreign policy to better reflect the rise of China

The Independent UK

Alibaba Up 9%, Nio Up 4.6% — What's Driving Hong Kong Markets Higher Today?

Shares of U.S.-listed Chinese tech companies extended strong gains in Hong Kong on Thursday after Beijing vowed to ensure stability in the stock market and support overseas listings of domestic companies.

Benzinga

India and Australia close to signing a mini free trade agreement

The move comes at a time when both nations are desperate to reduce their dependence on China.

Al Jazeera

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Lithuania says EU should scrap summit with China

A planned summit between China and the European Union should be canceled until Beijing shows whether it stands with Russia or the West over the conflict in Ukraine, a senior Lithuanian official said on Wednesday.

Reuters

How close are China and Russia and where does Beijing stand on Ukraine?

Putin and Xi have said the bonds between their two countries have ‘no limits’ but what does this mean in practice?

The Guardian - UK

How far is China willing to go in its support for Russia in Ukraine crisis?

If China supports Russia in its aggression against Ukraine, it will face international criticism and severe sanctions. Is Chinese President Xi Jinping aware of the high cost that Beijing would pay?

The Japan News/Yomiuri

Global Efforts To Reduce Semiconductor Dependence Will Further Exacerbate Crisis: Bloomberg

Growing efforts from the U.S. and Europe to consolidate their semiconductor supply chains to compete with China could backfire due to the political strings attached to the aid, Bloomberg reports. The downside includes insufficient and ill-timed government aid and different parts of the world striving to secure supplies while championing domestic…

Benzinga

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Benzinga

Trudy Rubin: The best way to stop China from aiding Russia is for the US to help Ukraine

The Biden administration hoped it could focus on China and not worry about Russia. But the war in Ukraine has proved this was a fantasy as China considers sending military and economic aid to Russia.

The Philadelphia Inquirer

China seeks to calm markets with promise of economic support

China’s leaders are trying to calm jittery investors by promising more help for its struggling real estate industry, internet companies and entrepreneurs who want to raise money abroad

The Independent UK

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The Guardian - AU

‘An abomination’: Morrison signals sanctions against China if it helps arm Russia

PM says Australia ‘will move in lockstep’ with allies on sanctioning the country’s largest trading partner

The Independent UK

Hong Kong shares soar 9% on China pledge to support economy

Hong Kong's share benchmark, the Hang Seng index, has soared 9% after China's state media said Beijing plans more support for the slowing Chinese economy

The Guardian - UK

‘I’m on the frontline in Mariupol’: the Chinese reporter embedded with Russian troops

Lu Yuguang of Chinese news outlet Phoenix TV appears to have gained exclusive access to Moscow’s side of the invasion of Ukraine

The News Lens

China Says It Is ‘Not a Party’ to Ukraine Crisis

Media reports emerged that Moscow has requested military and economic assistance from China for its war in Ukraine, which China denied.

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AAP

China-Russia helping hand an 'abomination'

A leading security expert warns the Sino-Russian alliance is not to be underestimated, as the prime minister labelled any cooperation an 'abomination'.

Tribune News Service

China’s goal with Putin is to resist US without economic pain

China’s support for Russia in the war in Ukraine is showing its limits as the domestic costs for Chinese President Xi Jinping start to outweigh the benefits of confronting the U.S.

Bangkok Post

Singapore: China should use enormous influence on Russia

Singapore’s top diplomat said he hopes China will use its “enormous influence” on Russia to help end its war with Ukraine, warning that Beijing’s decisions in the coming days and weeks could determine the future path of the global economy.

Al Jazeera

‘Turning point’: War in Ukraine tests shaky US-China relations

Beijing’s stance on the Russian invasion of Ukraine could define future ties with Washington, analysts say.

France 24

Russia says 'counts on China': Kremlin denies asking China for military help

How far is China willing to go to support Russia amid its war in Ukraine? Washington has warned there will be consequences if Beijing offers financial assistance or military support to Moscow. Vladimir Putin and Xi Jinping may have pledged a no limits relationship, but there is a cost to…

Benzinga

Why Hollysys Automation Shares Are Soaring Today

The state-owned operator of Beijing's railway and the subway weighed a takeover bid for Hollysys Automation Technologies Ltd (NASDAQ:HOLI), valuing it at $1.9 billion, Bloomberg reports. Beijing Infrastructure Investment Co looked to take Hollysys private following a deal based on its preliminary discussions. Hollysys offers integrated solutions for industrial automation and rail transport.…

Benzinga

China Yuchai Incorporates JV Subsidiary Developing Fuel Cell Powertrain Systems

China Yuchai International Limited (NYSE:CYD) subsidiary GYMCL stated that the joint venture, Beijing Yuchai Xingshunda New Energy Technology Co., Ltd., has been incorporated in the Daxing District, Beijing, China, with registered capital of RMB 10 million. Related: China Yuchai Forms JV To Develop Fuel Cell Powertrain Systems The joint venture combines the resources of…

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