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The Latest Breaking News from China

Chinese balloon was part of years-long spying program, US says

The high-altitude Chinese balloon that crossed over the U.S. last week is just part of a years-long surveillance program with Beijing deploying such craft around the globe, the US said, as officials sought to draw new attention to what they say is an increasingly aggressive Chinese spying campaign.

Tribune News Service

Spy balloon drama elevates public attention, pressure for the US to confront China

Seven days after a Chinese spy balloon began drifting across the United States, the U.S. military downed it with a single missile.

The Conversation

Downed balloon one of a ‘fleet’ of Chinese surveillance devices, US alleges

US ‘not the only target’ of Chinese surveillance, warns US secretary of state, as FBI investigates balloon wreckage

The Guardian - UK

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Yum China Profit Slumps 90% in Fourth Quarter on Covid Disruptions

Operator of KFC and Pizza Hut reports January rebound and sees a stronger 2023 as it plans to add more than 1,100 new outlets

Caixin Global

U.S. sites of interest visited by past Chinese balloons, Pentagon says

Four previous Chinese spy balloon flights over the United States passed over sites that would be of interest to Beijing, the Pentagon said on Wednesday, without elaborating on whether they passed over military bases.

Reuters

BBLAM now bullish on Asean, China

BBL Asset Management (BBLAM) is overweighting its investment in Chinese and Asean stocks this year as the prospects for economic recovery are higher in Asia than in the West.

Bangkok Post

Private bank says foreign investors upbeat on Thai stocks

Foreign investors hold an optimistic view of Thailand's stock market this year thanks to the country's economic recovery, driven by the tourism sector and China's reopening, says an investment analyst.

Bangkok Post

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VIP escorts beyond state's scope

Authorities say VIP escort packages on sale in China are difficult to police as the transactions are made outside of Thailand.

Bangkok Post

Pentagon: China's conducted spy balloon program for years

The Pentagon says the Chinese balloon shot down off the South Carolina coast was part of a large surveillance program that China has been conducting for “several years."

The Independent UK

Blinken says U.S. shared information on Chinese balloon with dozens of countries

U.S Secretary of State Antony Blinken said on Wednesday the United States has shared information it has obtained about China's spy balloon with dozens of countries around the world.

Reuters

China Outlines Responsibilities for Developing Hengqin Guangdong-Macao Zone

Guidelines aim to clear up roles of agencies involved in a corner of the massive Greater Bay Area project

Caixin Global

Cross-party MPs shocked by Foreign Office talks with Xinjiang governor

Exclusive: Erkin Tuniyaz ‘played central role’ in persecution of Uyghurs, says inter-parliamentary alliance on China

The Guardian - UK

Australia is the world's leading lithium producer. Why don't we make electric vehicles?

Most of the world's new electric vehicles contain minerals from Australia. So should we make EVs locally, and what would it take?

ABC News

The coal whack-a-mole: getting rid of coal power will make prices fall and demand rise elsewhere

The fight against climate change is full of inconvenient truths. The latest? Coal is going to be harder to get rid of than we had hoped. Every victory like the rejection of Clive Palmer’s proposed Rockhampton coal mine seems to be offset by coal’s gains elsewhere.

The Conversation

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Reuters

World should 'calm down' about China COVID variants - Chinese scientist

The world should "calm down" about the possibility of new COVID-19 variants circulating in China, leading Chinese scientist George Gao said.

Fortune

Renewables and nuclear can handle almost all new electricity demand in the next few years

The clean energy transition is well underway, but some big outliers remain.

Reason

Biden's Foreign Policy Is Adrift

His State of the Union address sketched a foreign policy that is reckless on some points, relatively restrained on others, and utterly uninterested in any real resolution to America’s lingering military entanglements.

The Independent UK

Not just balloons: How US sees China spying as major worry

The Chinese surveillance balloon that traversed the United States before being shot down last weekend captivated public attention and drew sharp denunciations as a brazen spying effort

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The Independent UK

China slams Biden ‘smear’ in State of the Union address

China says it was smeared in US President Joe Biden's State of the Union address that repeatedly mentioned competition between the two countries

AAP

First coal shipments to China stokes trade optimism

Trade Minister Don Farrell has welcomed improvement in relations with Beijing as Australia's first coal shipments in years await Chinese clearance.

The Conversation

China's spy balloon: inflatable eyes in the sky have been used in war for centuries

One of the more surreal sights of the recent Afghan war was tethered balloons (also known as “aerostats”) looming over the bases of international forces. These “persistent threat detection systems” carried a suite of 360-degree cameras providing a constant view - out to 100 miles - of surrounding areas to…

The Guardian - UK

Half the wetlands in Europe lost in past 300 years, researchers calculate

Assessment shows 20% global loss since 1700 – far less than thought – but Europe, US and China bear the brunt

InsideEVs

China: Tesla Improved Retail EV Sales In January 2023

New data reveals that Tesla really increased retail sales of electric cars in China last month and also maintained a similar export level as a year ago.

The Independent UK

Marjorie Taylor Greene unapologetic over Biden heckling after State of the Union

Georgia Republican claims president talked ‘about communism and controlling private companies’

StockNews.com

The Top 3 Chinese Stocks to Buy and Watch in 2023

After bottoming out at the end of the previous year, a resurgent China is prioritizing economic growth over its protracted attachment to zero covid policy. Hence, it could be the perfect opportunity to invest in growing Chinese stocks Hello Group (MOMO), Waterdrop (WDH), and Tarena International (TEDU) for outsized gains…

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