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The Latest Breaking News from China

China’s New Home Sales Get Off to a Weak Start in 2023

The 100 largest Chinese developers sold $52.5 billion worth of new properties in January, down 32.5% from a year earlier

Caixin Global

Japan, NATO building ties to counter threats

The deepening of security cooperation between Japan and NATO, driven by a shared understanding of the need to counter China and Russia, was spelled out by Prime Minister Fumio Kishida and North Atlantic Treaty Organization Secretary General Jens Stoltenberg when they met in Tokyo on Tuesday.

The Japan News/Yomiuri

China Doled Out $622 Billion of Tax and Fee Relief to Support Businesses in 2022

Micro and small enterprises were the biggest beneficiaries of the support, which included value-added tax refunds

Caixin Global

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Red Memory by Tania Branigan review – the toxic afterlife of Mao’s Cultural Revolution

The Guardian’s former China correspondent assembles a cast of eye-witnesses to tell a story now being suppressed once more

The Guardian - UK

EU to loosen state aid rules in response to US green tech subsidies

Leaked European Union proposals reveal the bloc is to expand state aid rules in an effort to counter US green energy subsidies and unfair competition from China that are threatening European industry. The EU is to present its proposals on Wednesday.

Radio France Internationale

China Warns Incoming Czech Leader Over Call with Taiwan’s Tsai

A Foreign Ministry spokesperson says President-elect Petr Pavel’s call was a violation of the ‘One China’ principle

Caixin Global

Shanghai Composite Index Rose 0.9% on Wednesday

Shenzhen Component Index closed up 1.31%

Caixin Global

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Furious chimp launches bottle at girl filming him leaving her bleeding at zoo

Images show an angry chimp at Nanning Zoo, in China, throwing a water bottle at a girl, who had been filming him. The bottle hit her in the eye and left her bleeding

Daily Mirror

Taiwan activates defenses in response to China incursions

Taiwan has scrambled fighter jets and and put navy ships and missile systems on alert in response to nearby operations of 34 Chinese military aircraft and nine warships

The Independent UK

NATO chief wants more 'friends' as Russia, China move closer

NATO Secretary-General Jens Stoltenberg says China’s growing assertiveness and collaboration with Russia poses a threat not only to Asia but also to Europe

The Independent UK

NATO chief stresses importance of Indo-Pacific partners amid security tensions

NATO Secretary-General Jens Stoltenberg on Wednesday stressed the importance of NATO's working closely with partners in the Indo-Pacific, saying Europe could not ignore what happens in East Asia because the global security is interconnected.

Reuters

Austin in Philippines to discuss larger US military presence

Defense Secretary Lloyd Austin is in the Philippines for talks on deploying larger numbers of U.S. forces and weapons in more Philippine military camps to ramp up deterrence

The Independent UK

Can the EU keep up with the US on green subsidies?

The huge incentives in the Inflation Reduction Act are provoking a debate in Europe with ramifications for the entire single market

Financial Times

Southeast Asia factories fire up as China reopens

JAKARTA: Asia’s manufacturers are improving at the start of the year as the region becomes more optimistic about how China’s re-opening might help offset an otherwise gloomy outlook for the rest of the world.

Bangkok Post

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Reuters

U.S., India partnership targets arms, AI to compete with China

The White House is launching a partnership with India on Tuesday that President Joe Biden hopes will help the countries compete against China on military equipment, semiconductors and artificial intelligence.

USA Today Sports Media Group

Blue Bay LPGA event in China canceled due to ongoing pandemic matters

The most recent Blue Bay LPGA event was last held in the fall of 2018.

Caixin Global

Global Central Banks Increase Gold Buying to Highest in 55 Years

Demand for gold worldwide rose 18% last year to 4,741 tons amid soaring inflation and increased geopolitical risk

AAP

'Encouraging signs' for Australia, China trade row

Australia and China's trade ministers are preparing for a virtual meeting as Canberra continues to pressure Beijing into dropping trade sanctions.

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Reuters

Blinken to discuss Russia's war on Ukraine with Chinese officials

U.S. Secretary of State Antony Blinken will discuss Russia's war in Ukraine with Chinese officials during a Feb. 5-6 trip to China, White House national security spokesman John Kirby said on Tuesday.

Fortune

Chip giant ASML will have to help the U.S. stymie Chinese production

Details remain unclear, and CEO Peter Wennink has warned that a broad ban could hammer supply chains.

ABC News

Visiting US Marine Corps chief warns 'everything in the cupboard' needed to prevent war with China

A visiting general who could soon become America's most senior military officer believes the US and allies such as Australia will need to use "everything in the cupboard" to avoid a conflict over Taiwan.

Axios

Democracies embrace economic security to counter China and Russia

The vision of a truly open global economy is fading

StockNews.com

These 4 Semiconductor Stocks Are Hot Buys Right Now

Despite the supply chain issues spurred by U.S.-China tensions, the semiconductor industry’s growth prospects appear bullish due to increased demand and usage across various sectors and growing federal and corporate spending. Hence, fundamentally sound semiconductor stocks Taiwan Semiconductor (TSM), Broadcom (AVGO), Photronics (PLAB), and Xperi (XPER) could be solid buys…

The Guardian - AU

All countries must help prevent ‘catastrophic’ war amid China-US tensions, Australian minister says

In a speech in London, Penny Wong calls on nations to examine how they use power and networks to avoid conflict

InsideEVs

Tesla China Shipping Out Huge Fleets Of Exports

Tesla is cranking out cars for domestic sale in the US and sale and export in China. However, the recent wave of exports was on its way elsewhere.

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