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The Latest Breaking News from Beijing

Here's Why Alibaba, JD Led Broad Rally In Chinese Tech Equities

Technology stocks led a broad rally in Chinese equities on April 29, with traders citing speculation of a possible easing of the domestic regulatory crackdown, Bloomberg reports. The Communist Party's Politburo pledged to support the healthy growth of platform firms. Top leaders also pledged to meet economic targets insinuating stimulus to…

Benzinga

Cut off from home, Chinese diaspora frustrated at zero-COVID policy

Beijing's zero-COVID strategy has had dire consequences for the millions Chinese living abroad, most of whom have been unable to see family and friends at home for two years even as the rest of the world eases travel restrictions.

Reuters

Political stakes high as Beijing responds to virus outbreak

Beijing is starting to resemble other Chinese cities grappling with the highly contagious omicron variant of the coronavirus

The Independent UK

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China says Nato has ‘messed up Europe’ and warns over role in Asia-Pacific

In response to British foreign secretary’s warning that Beijing must ‘play by the rules’, ministry of foreign affairs says Nato is stirring conflict

The Guardian - AU

China, India dissidents fear censorship after Musk’s Twitter deal

Tesla CEO’s $44bn bid to buy Twitter puts billionaire in the crosshairs of censorship-prone Beijing and New Delhi.

Al Jazeera

'Entry only. No exit:' Beijing sees more COVID closures as anger grows in Shanghai

China's capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, while resentment at the month-long lockdown in Shanghai grew.

Reuters

Top Australian diplomat Lachlan Strahan absent for five months ahead of Chinese security deal. He was stuck in Canberra with a broken back

Beijing signing a security pact with the Solomon Islands appears to have caught Australia off guard. Now a contributing factor to the diplomatic blindsiding has been revealed — and it's more mundane than you would think.

ABC News

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Beijing locals buy fridges, stockpile food after Shanghai residents warn COVID outbreak will 'get serious'

As health authorities continue mass testing nearly 22 million people in Beijing to curb a COVID-19 outbreak, the city's residents are stockpiling food and other basic goods.

ABC News

Covid-19: China confronts dilemma of lockdown in Beijing as cases hit record high

Chinese authorities are seriously considering imposing a lockdown in Beijing as confirmed cases of Covid-19 in the country's capital topped 100 on Wednesday. But after a much-criticised month-long lockdown in Shanghai, such an option could have a very high economic and political cost.

France 24

Baidu Aims To Expand Robotaxi Service By 2025; Looks To Become Profitable In 3 Years

Search giant Baidu, Inc (NASDAQ:BIDU) plans to deploy cars without humans behind the wheel on Chinese roads for the first time, Bloomberg reports. Baidu looks to expand Apollo Go into 65 cities across China by 2025 and 100 cities by 2030. The ride-hailing platform currently has about 300 cars nationwide, with each vehicle…

Benzinga

Beijing halts weddings and funerals and closes schools in Covid fightback

Stockpiling rife as city acts in attempt to avoid Shanghai-style lockdown

The Guardian - AU

Iran Wants to Expand Strategic Ties with China to Confront US

Iranian President Ebrahim Raisi said Tehran wanted to “expand its long-term strategic relations” with China at a meeting with Beijing’s Defense Minister Wei Fenghe in Tehran on Wednesday. Raisi told Fenghe that Tehran sees its ties with Beijing as strategic. Closer cooperation would serve to confront what the Iranian president…

Asharq Al-Awsat

China grants first driverless taxi permits to Baidu, Pony.ai

Chinese internet services company Baidu has received a permit to provide driverless ride-hailing services to the public in Beijing, one of just two companies to receive such approvals

The Independent UK

Factbox-China's zero-COVID policy in numbers

China is facing the biggest test yet of its draconian approach to COVID-19, with a lockdown for most people in Shanghai for more than a month crippling the commercial capital and Beijing scrambling to contain an outbreak and avert a similar crisis.

Reuters

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Al Jazeera

Once bound by trade, China-EU honeymoon sours over Ukraine war

China’s support for Russia has forced the bloc to reassess relationship that has long been centred on economics.

The Independent UK

More Beijing classes go online in tightening of virus rules

Beijing is shifting more classes online in a tightening of COVID-19 restrictions, as China's capital seeks to prevent a wider outbreak

Reuters

China's capital sharpens COVID screening to prevent Shanghai-like chaos

Beijing closed some schools and public spaces on Thursday, as most of the Chinese capital's 22 million residents turned up for more mass COVID-19 testing aimed at averting a Shanghai-like lockdown.

Reuters

COVID lockdowns upset the rice bowls of China's commuter workers

When the town of Yanjiao near Beijing was suddenly plunged into a COVID-19 lockdown last month, taxi driver Dong Tiejun was forced to drive hundreds of kilometres to avoid roadblocks and get a passenger to Tianjin, a metropolis on the northeast coast.

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news in one place.

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The Independent UK

In confrontational message to Beijing, Liz Truss warns of economic retaliation if China fails to ‘play by rules’

G7 alliance should act as ‘economic Nato’ defending members targeted by autocratic regimes, says foreign secretary

The Guardian - AU

Labor ‘gravely concerned’ by Karen Andrews’ claim about potential China election interference

Kristina Keneally says home affairs minister must clarify comments or brief Labor on intelligence reporting of foreign interference

The Independent UK

Trade deals not affected by India and China’s stance on Ukraine, says minister

UK negotiators are in India this week to continue trade talks and are looking to resume discussions with Beijing, Anne-Marie Trevelyan said.

Evening Standard

Beijing in race to contain Covid outbreak and avoid Shanghai-style lockdown

Some residents of the capital have begun stockpiling food and supplies after witnessing scenes of the tough lockdown in Shanghai

Benzinga

Wall Street Banks Slash Chinese Companies' Profit Forecasts - Read Why

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption. A week-long lockdown that shut down much of Shanghai…

Benzinga

Oil Prices Stable Amid Balancing Act Of Russia Supply Fears and Asian Demand Concerns On COVID-19 Restrictions

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

Reuters

China's Beijing finds positive samples in COVID testing this week

China's capital of Beijing has detected some positive COVID-19 cases in the first round of mass testing conducted in a dozen districts this week, a municipal official said on Wednesday.

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