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The Latest Breaking News from China

The Weekly Wrap for Saturday, 14 January 2023

Xi Jinping is acting boldly, but it's not in the direction many feared. This week we delve into the constraints that spurred a widespread softening of China's internal and external policies

inkl Originals

Snake tries to shed its skin

Several generations of Thais are familiar with the "arrow-stuck snake" logo of the cooling talcum powder brand, but The British Dispensary Co wants to transform its product lines after more than a century in business.

Bangkok Post

Japan's Kishida says allies must act in concert on China

Japan, the United States and Europe must act in unison on China, Japanese Prime Minister Fumio Kishida said in Washington on Friday, during a visit aimed at enhancing Tokyo's U.S. alliance in the face of growing challenges from Beijing.

Reuters

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The Top 3 Oil and Gas Stocks to Buy in 2023

A tight supply and China’s recovering demand are expected to keep oil prices high in the foreseeable future. Given this backdrop, fundamentally strong energy stocks Marathon Petroleum (MPC), Berry Corporation (BRY), and Unit Corporation (UNTC) might be solid buys in 2023. Read on….

StockNews.com

Stalling Global Car Sales In 2023

Sales are estimated at between 79 and 81 million units. China and India are growing. Europe and USA are flat. Russia is bad.

Motor1

Bumpy road ahead despite tourism upturn

After moving sideways for most of December, the Stock Exchange of Thailand ended 2022 at 1,668.66 points, up just 0.7% year-on-year from 1,657.62 at the end of 2021. Despite the subdued holiday trading mood, the market shot up for eight trading days in a row to close out the year.

Bangkok Post

China optimism spurs Asian shares higher

RECAP: Asian markets mostly rose again yesterday on optimism about the impact of China reopening on regional corporate performance, while the dollar remained under pressure after data showed a further slowdown in US inflation.

Bangkok Post

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Tesla Cuts Prices In UK And Germany By As Much As £8,000, €9,100

The new discounts in the US and Europe come a week after similar reductions were announced for China and other Asian markets as Tesla tries to spur demand.

InsideEVs

US ‘fully committed’ to Japan alliance, Biden tells Kishida

Talks in Washington are part of Japanese prime minister’s diplomatic blitz to boost partnerships amid China pressure.

Al Jazeera

Dutch PM Rutte denies U.S. pressure over chip export policy

The Netherlands is not feeling pressured by Washington to adopt new U.S. rules further restricting semiconductor technology exports to China, Dutch Prime Minister Mark Rutte said on Friday.

Reuters

Swedish PM Kristersson says EU needs to discuss competitiveness, not just state-aid

The European Union needs to improve long-term competitiveness and not just provide support for companies in the green tech sector where nations like China and the United States are providing subsidies, Sweden's prime minister said on Friday.

Reuters

US and Japan's new defense strategy sends stark warning to China

WASHINGTON — President Joe Biden will welcome Japanese Prime Minister Fumio Kishida at the White House on Friday, a meeting intended to signal a more confrontational approach to China as Tokyo's defense turns south toward the Taiwan Strait.

Los Angeles Times

Bringing manufacturing back to the US requires political will, but success hinges on training American workers

Supply chain disruptions during COVID-19 brought to light how interdependent nations are when it comes to manufacturing. The inability of the U.S. to produce such needed goods as test kits and personal protective equipment during the pandemic revealed our vulnerabilities as a nation. China’s rise as a global production superpower…

The Conversation

Chinese travellers outraged after being identified with yellow badges at South Korean airport

Images showing Chinese tourists wearing yellow badges around their necks as they arrive in South Korea have elicited outrage online, among widespread accusations of discrimination related to Covid-19 travel restrictions. The yellow badges, however, are not a new protocol at Incheon Airport.

France 24

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The Guardian - UK

China to take ‘golden shares’ in tech firms Alibaba and Tencent

Move marks shift in focus by Beijing as it tries to extend influence and keep sector in check

The Japan News/Yomiuri

China eyes rule on office machines contradicting stance in WTO talks

GENEVA / BEIJING -- China has done an about-face since an October 2022 World Trade Organization meeting in which it clearly stated that it would not revise its standards to require office equipment such as multifunction printers to be designed and developed in China, it has been learned.

The Japan News/Yomiuri

Japan, U.S. shift focus to defense of Nansei Islands

WASHINGTON -- A clear takeaway from the latest 2-plus-2 talks of the Japanese and U.S. foreign and defense ministers was the shift toward reinforcing the defense of the Nansei Islands.

Reuters

Uganda drops Chinese firm from railway deal, eyes Turkish rival

Uganda has terminated its contract with a Chinese firm China Harbour and Engineering Company Ltd (CHEC) to build a railway to the Kenyan border and is now considering a deal with a Turkish company, a senior official told Reuters on Friday.

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The Guardian - UK

Chinese flock to Hong Kong to get private Covid booster shots

Travel packages also advertised in Macau as interest grows in mRNA vaccines unavailable on mainland

Axios

Japan doubles down on defense and U.S. alliance with an eye on China

Japan plans to double defense spending and deepen cooperation with the U.S.

Bangkok Post

EV maker BYD expanding in Vietnam

HANOI: The Chinese electric vehicle (EV) maker BYD Auto Co is reportedly planning to build a plant in Vietnam to produce car parts, which would complement an EV production plant scheduled to open next year in Thailand.

Asharq Al-Awsat

China COVID Peak to Last 2-3 Months, Hit Rural Areas Next, Says Expert

The peak of China's COVID-19 wave is expected to last two to three months, and will soon swell over the vast countryside where medical resources are relatively scarce, a top Chinese epidemiologist has said. Infections are expected to surge in rural areas as hundreds of millions travel to their home…

Fortune

Health officials urge China's travelers to avoid visiting their elderly parents during Chinese New Year

China's transit system is expected to carry over 2 billion passengers over the Chinese New Year holiday period.

Reuters

About 490,000 exit, entry trips made daily in China since Jan. 8

About 490,000 entry and exit trips were made to and from China daily between Jan. 8-12 after the country reopened its borders, an official from the country's immigration bureau told a news briefing on Friday.

Bangkok Post

Guru Weekly's Buzz for Jan 13 to 19

Guru by Bangkok Post's pick of the most exciting products, activities, art exhibitions, shows, food and hotel deals.

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