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The Latest Breaking News from China

Analysis-China's balancing act over Ukraine offers Washington a subtle 'win'

China's abstentions on U.N. votes to condemn Russia's invasion of Ukraine are a "win", said the U.S. envoy to the United Nations, underscoring how Beijing's balancing act between its partner Russia and the West may be the best outcome for Washington.

Reuters

Financial warfare: will there be a backlash against the dollar?

The sanctions freezing Russia’s foreign currency reserves have created an incentive for countries to bypass the US currency

Financial Times

Shanghai vows to improve food deliveries as discontent grows over COVID curbs

The Shanghai government said on Thursday it was trying its best to improve the distribution of food and essential goods to locked-in residents, responding to growing public discontent as COVID curbs stretched into an 11th day.

Reuters

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Yellen says Russia should be expelled from G20, U.S. may boycott some meetings

U.S. Treasury Secretary Janet Yellen said on Wednesday that Russia should be expelled from the Group of 20 major economies forum, and the United States will boycott some G20 meetings if Russian officials show up.

Reuters

Shanghai calls on party members to ‘draw swords’ in COVID fight

China’s ruling Communist Party issued a rare call imploring rank-and-file members to help contain the coronavirus in Shanghai, a sign of the strain the locked-down financial hub of 25 million people is under as its worst outbreak to date spreads.

Tribune News Service

China's security deal with Solomons raises alarm in Pacific

A security alliance between China and the Solomon Islands has sent shudders throughout the South Pacific, with many worried it could set off a large-scale military buildup or that Western animosity to the deal could play into China’s hands

The Independent UK

Chinese medics killed death row inmates by taking hearts: Report

Academic study finds doctors might have removed vital organs before the executed had been officially confirmed dead.

Al Jazeera

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Yellen faces bipartisan pressure to toughen Russia sanctions

WASHINGTON — Treasury Secretary Janet Yellen was pushed by legislators from both sides of the aisle Wednesday to strengthen moves to cut off financial links with Russia, and was queried on the Biden administration’s readiness to impose sanctions on China in the event it moved aggressively toward Taiwan.

Tribune News Service

Taiwan needs to pick better allies

In the same week that Taiwanese took to the streets to repudiate Russia's invasion of Ukraine, Taiwan's leaders rolled out the red carpet for a visit by former US President Donald Trump's secretary of state, Mike Pompeo. This is the same man who, together with Mr Trump, withheld military aid…

Bangkok Post

Yuan won't outrank dollar anytime soon

The issue of the Chinese yuan as a premier international currency has been around for quite some time. Right now, only 3% of international trade transaction is conducted in yuan and, correspondingly, central banks around the world keep only 3% of their international reserves in Yuan. To most, this is…

Bangkok Post

Why is Australia so concerned about China's planned security agreement with Solomon Islands?

Seen the headlines but haven't followed closely? This is why China's proposed new security pact with Solomon Islands is a big deal for Australia.

ABC News

China’s $2.3 Trillion Infrastructure Plan Puts America’s to Shame

More than half the projects will directly support the manufacturing and service industries.

Businessweek

Repairing the complex India-Nepal relationship

There needs to be quiet dialogue to resolve their many differences, with New Delhi needing to be sensitive and generous

The Hindu

U.S. says China could face sanctions if it supports Russia's war in Ukraine

Sanctions imposed on Russia over its war in Ukraine should give China a "good understanding" of the consequences it could face if it provides material support to Moscow, U.S. Deputy Secretary of State Wendy Sherman said on Wednesday.

Reuters

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StockNews.com

2 Chinese Stocks to Consider as Delisting Worries Abate

Concerns over the delisting of a few Chinese companies by U.S. regulators sparked panic among investors last month, resulting in significant price dips in Chinese stocks. However, since China has agreed to fulfill the audit requirements imposed by U.S. authorities, easing delisting concerns, we think it could be fruitful to…

Newsroom.co.nz

Infrastructure firm China Railway goes off tracks in NZ, owing money

A multibillion-dollar Chinese company quietly folded its NZ operations with nearly $800,000 in unpaid debts.

ABC News

China accuses US, UK and Australia of trying to build Asia-Pacific NATO

China says the recently created AUKUS security alliance and its pursuit of hypersonic weapons risks undermining peace and stability in the Asia-Pacific.

Benzinga

Tesla's Shanghai Factory Remains Closed Amid Covid-19 Surge

Tesla Inc (NASDAQ:TSLA) factory shutdown has stretched out to at least 12 days as Shanghai's Covid-19 lockdown disrupts businesses in China's financial hub, Bloomberg reports. The factory lockdown, which began on March 28, will remain closed through Thursday, making Tesla lose 12 days of production in recent weeks. The most sought-after semiconductors are…

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news in one place.

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France 24

Shanghai extends Covid-19 lockdown as Omicron cases soar

Shanghai’s lockdown was due to end in four days but it has since been extended due to the speed of Omicron spread in China’s economic capital. FRANCE 24 reports.

Benzinga

Dingdong, Missfresh Surge on Booming Business During Covid Lockdowns

Key Takeaways: Investors may be growing more bullish on Dingdong and Missfresh as recent Covid-related lockdowns drive more consumers to buy groceries online Both companies trade at relatively low valuations, even after big stock gains this week, as analysts remain bullish on the pair By Doug Young

Benzinga

Dental Doctor All Smiles in IPO Bid, But New Policy Could Bring Financial Toothaches

Key takeaways:

Benzinga

Why Tesla Shares Are Tapping The Brakes Today

Tesla Inc (NASDAQ: TSLA) shares are trading lower Wednesday. Weakness appears to be related to overall market concerns amid economic uncertainty as well as concerns in China.

ABC News

Australian spy chiefs meet with Solomon Islands PM Sogavare over draft security deal with China

Two of Australia's top intelligence chiefs have quietly travelled to Solomon Islands to meet Prime Minister Manasseh Sogavare and raise the Morrison government's deep concerns over the country's planned security agreement with China.

The Conversation

To understand why Biden extended tariffs on solar panels, take a closer look at their historical impact

President Joe Biden extended tariffs on imported solar panels in February 2022 in a bid to protect domestic manufacturing. These tariffs add a 14%-15% tax on cheaper imports, raising their cost in the U.S. At the same time, the Biden administration is urging an expansion of renewable energy and energy…

Benzinga

Citi Slashes Alibaba's Price Target By 12% As COVID Resurgence Looks To Dampen Growth

Citi analyst Alicia Yap lowered the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $177 from $200 (59.5% upside) and kept a Buy rating on the shares. Amid the widening spread of COVID cases and city lockdowns, the analyst thinks overall economic activities in China have been negatively affected, which has drained Alibaba's profit…

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