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The Latest Breaking News from China

The Missing Minerals

To shift to clean energy, America must rethink supply chains.

Foreign Affairs

China forecasts 2.1bn holiday-season trips

BEIJING: The Chinese government says it expects about 2.1 billion domestic journeys to be made in the country over a 40-day travel season that includes the weeklong Lunar New Year holidays beginning Jan 21, amid fears the large-scale human migration could further spread Covid-19.

Bangkok Post

With Tesla trailing in China, Musk unleashes price war with Warren Buffett’s BYD

Tesla is slashing prices in China for a second time since late October, as BYD is widening its lead.

Fortune

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Top international news developments of the day

The United States will expand Trump-era restrictions to rapidly expel Cuban, Nicaraguan and Haitian migrants caught illegally crossing the US-Mexico border, President Joe Biden said on Thursday in his first major speech on border security.

The Times of India

Job cuts and falling shares: how did it all go so wrong for the US tech sector?

As Amazon axes 18,000 roles and Tesla loses 65% of its value, we examine the causes of the glitch hitting Silicon Valley

The Guardian - UK

US keeps offering China its COVID vaccines. China keeps saying no

China has rebuffed repeated U.S. offers to share advanced vaccines as Beijing battles a fast-spreading wave of COVID-19, a rejection that’s led to growing frustration among American officials concerned about a resurgence of the pandemic.

Tribune News Service

China's COVID situation is dire – but it shouldn't pose a big risk to other countries

China is currently in the midst of a severe wave of COVID infections and deaths. We don’t know exactly how bad it is because of significant gaps in official reporting, but by all indications, things are dire. News reports suggest hospitals and mortuaries are overflowing.

The Conversation

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China’s CIC Crowned World’s Largest Sovereign Fund

China Investment Corp. added $129 billion in assets last year, taking its total portfolio to $1.35 trillion

Caixin Global

China’s AIA, PICC Among Insurers Called Out for Inaccurate Data

The insurance firms get named and shamed after probes into their solvency reporting

Caixin Global

Former PICC P&C president expelled from Chinese Communist Party

China's anti-graft watchdog said on Friday that the former president of insurer PICC Property and Casualty Co had been expelled from the Communist Party and dismissed from the company for severe violations of law and discipline.

Reuters

Japan, Britain to sign defense pact, eyeing Russia, China

Japan and Britain plan to sign a Reciprocal Access Agreement (RAA) when Prime Minister Fumio Kishida visits Britain next week, according to government sources.

The Japan News/Yomiuri

China's Lunar New Year travel set to double from last year

China is gearing up for the Lunar New Year, which falls on January 22. The New Year travel rush, known as "Chunyun", begins this weekend. Authorities estimate that 2.1 billion passenger trips will be made during the period, doubling from last year. But the travel rush is set to be…

France 24

How A.I. can make the Global South more competitive

Far-sighted companies can boost prosperity and shrink poverty in the Global South by unleashing A.I.’s full power.

Fortune

CEO Daily: An earlier COVID peak could be good for China's economy

Investors seem convinced that China's economy is turning a corner after Beijing's COVID-zero policy dragged down growth.

Fortune

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The Times of India

Chinese firm signs deal with Taliban to produce oil in Afghanistan

KABUL: The Taliban-led administration in Afghanistan signed its first international contract Thursday to extract oil from the northern Amu Darya basin as the beleaguered group seeks to increase revenue.

Wales Online

Young people in China deliberately infecting themselves with Covid

It comes amid an explosion of cases in the country

WEKU

Biden's national security adviser is hopeful war over Taiwan can be prevented

In an exclusive interview at the White House, Jake Sullivan spoke with NPR's Steve Inskeep. They discussed China-Taiwan tensions, the war in Ukraine, and his upcoming trip to Israel.

France 24

China seeks to minimise Covid outbreak during Lunar New Year travel rush

China is seeking to minimize the possibility of a major new COVID-19 outbreak during this month’s Lunar New Year travel rush following the end of most pandemic containment measures.

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The Independent UK

Taiwan's Tsai visits base as China protests US ship passage

Taiwanese President Tsai Ing-wen visited a military base to observe drills while rival China protested the passage of a U.S. Navy destroyer through the Taiwan Strait

Reuters

Factbox-China to reopen borders, including with Hong Kong, after 3 years

China will reopen its borders on Sunday, including with its special administrative region of Hong Kong, after nearly three years of COVID-19 closures and restrictions.

Reuters

China tells European Union to 'objectively and fairly' view its COVID situation

The European Union should "objectively and fairly" take stock of China's epidemic situation, the foreign ministry said on Friday.

Bangkok Post

Covid surge exposes China's healthcare gap

TANGSHAN, China: Understaffed and underfunded clinics stand half-empty in parts of the Chinese countryside even as hospitals in major cities heave under an unprecedented Covid wave — an illustration of the stark disparities in the country's healthcare system.

The News Lens

China: Zhang Zhan’s Prison Letter Offers Hope and Fear

The rare insight into prison life comes over two years after the citizen journalist was handed a four-year sentence. She was imprisoned after covering the Covid-19 lockdown in the Chinese city of Wuhan in early 2020.

Caixin Global

Shanghai Composite Index Rose 0.08% on Friday

Shenzhen Component Index closed up 0.32%

Asharq Al-Awsat

China Seeks to Minimize COVID-19 Risk during Travel Rush

China is seeking to minimize the possibility of a major new COVID-19 outbreak during this month’s Lunar New Year travel rush following the end of most pandemic containment measures. The Transportation Ministry on Friday called on travelers to reduce trips and gatherings, particularly if they involve elderly people, pregnant women,…

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