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The Latest Breaking News from China

Foreign Direct Investment in China Hit Record High in 2021

Figure reaches $334 billion, up nearly one-third from the year before

Caixin Global

Huawei 2021 Profit Leaps 76% on Asset Sales; CFO Meng Returns to Spotlight

Huawei Technologies on Monday reported asset sale gains helped lift profit 76% in 2021, turning in its first set of results under Chief Financial Officer Meng Wanzhou since she returned to China last year after nearly three years' detention in Canada. In its biggest-ever annual gain, net profit rose to…

Asharq Al-Awsat

China examines black boxes of crashed jet, looking for more plane debris

After finding two black boxes from a crashed China Eastern jet, recovery crews are looking for more airplane debris, nearby video footage and eyewitness accounts, an official at China's aviation regulator said on Monday.

Reuters

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First Thing: Zelenskiy says Ukraine is willing to discuss neutrality at Russia talks

Talks to start in Turkey as Ukraine president seeks peace ‘without delay’. Plus, drama at the Oscars as Will Smith attacks Chris Rock on stage

The Guardian - UK

Another potential casualty of Ukraine war: global tech standards

It's the U.S. and allies versus Russia and China all over again, this time in international telecom rulemaking.

Axios

Philippines, US hold biggest military exercises in 7 years

MANILA: The Philippines and the United States kicked off on Monday their biggest joint military drills since 2015, underscoring improved defence ties after President Rodrigo Duterte had scaled back some earlier war games to pursue warmer ties with China.

Bangkok Post

Philippines, U.S. hold biggest military exercises in seven years

The Philippines and the United States kicked off on Monday their biggest joint military drills since 2015, underscoring improved defence ties after President Rodrigo Duterte had scaled back some earlier war games to pursue warmer ties with China.

Reuters

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Russia-China relations at strongest level ever, says Lavrov

Russian Foreign Minister Sergei Lavrov on Monday said Russia's relations with China were at their strongest level ever, at a time when Western nations are seeking to isolate Moscow with unprecedented sanctions over Ukraine.

Reuters

China's Huawei says 2021 sales down, profit up

Chinese telecom equipment maker Huawei says its 2021 sales fell but profit rose 76% despite U.S. sanctions in a year when its chief financial officer was released by Canadian authorities, ending a standoff with Washington over its dealings with Iran

The Independent UK

Half of Shanghai in Lockdown to Curb Covid-19 Outbreak

Millions of people in China's financial hub were confined to their homes on Monday as the eastern half of Shanghai went into lockdown to curb the country's biggest ongoing Covid-19 outbreak. The move, announced late Sunday, caused a run on grocery stores by residents who have become increasingly exasperated with…

Asharq Al-Awsat

China says to provide visa assistance to all foreign crash investigators

A Chinese foreign ministry spokesman said on Monday that Beijing will provide visa assistance to all foreign investigators coming to China in the aftermath of the China Eastern Airlines crash last week.

Reuters

The Loop: An historic Oscars night, more weather warnings for the east coast and incorrect COVID-19 notifications

Here's your TL;DR for today's news.

ABC News

Live updates: UK sees stalled flighting, Black Sea blockade

British defense officials say Russian forces have made no significant progress in the past 24 hours amid continuing supply problems and aggressive resistance from Ukrainian fighters

The Independent UK

China's DJI rejects claims of data leaks to Russia on Ukrainian military positions

Chinese drone maker DJI has dismissed as "utterly false" accusations that it is leaking data on Ukrainian military positions to Russia, after a German retailer cited such information as a reason for taking its products off shelves.

Reuters

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Caixin Global

Shanghai Composite Index Rose 0.07% on Monday

Shenzhen Component Index closed down 1.02%

Asharq Al-Awsat

Oil Falls as Shanghai Lockdown Boosts Fears Over Weaker Demand

Oil prices fell more than $3 on Monday as fears over weaker fuel demand in China grew after its financial hub of Shanghai launched a planned two-stage lockdown on Monday to contain a surge in COVID-19 infections. The market kicked off another week of uncertainty, buffeted on one side by…

The Guardian - AU

Australia’s lost influence in Pacific on display in Solomon Islands-China deal, Anthony Albanese says

Labor leader says poor emissions reductions targets and cuts to foreign aid have broken trust with Pacific countries

The Guardian - AU

Monday briefing: Russia and Ukraine to return to negotiating table

Zelenskiy prepared to discuss neutrality … Oscars in chaos as Will Smith slaps Chris Rock … and changes to England’s school system to be unveiled

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news in one place.

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The Independent UK

US, Filipino forces start war drills in region facing Taiwan

Thousands of American and Filipino forces have begun one of their largest combat exercises in years

Reuters

Taiwan sees Ukraine war helping Chinese yuan's internationalisation

The war in Ukraine and Russia's effective exclusion from the global currency system could be an opportunity for China to raise the profile of its currency in a challenge to the U.S. dollar, a senior Taiwanese security official said on Monday.

Wales Online

Large parts of Shanghai locked down as mass Covid-19 testing begins

China has reported more than 56,000 infections nationwide this month

Reuters

New Zealand's Ardern says Solomon Islands-China deal 'gravely concerning'

New Zealand is gravely concerned about the possible militarization of the Pacific following a decision by the Solomon Islands government to form a security partnership with China, Prime Minister Jacinda Ardern said on Monday.

ABC News

China's Solomon Island naval base security draft agreement designed to 'intimidate' Australia, Joyce says

Deputy Prime Minister Barnaby Joyce suggests China may want a naval base in Solomon Islands to "intimidate" Australia or "restrict our capacity of movement".

The Independent UK

Australia, New Zealand worried by China deal with Solomons

The Australian and New Zealand prime ministers have voiced concerns about the potential for a Chinese military presence on the Solomon Islands

Reuters

Shanghai locks down as COVID surges in China's financial hub

China's financial hub of Shanghai launched a two-stage lockdown of its 26 million residents on Monday, closing bridges and tunnels and restricting highway traffic in a scramble to contain surging COVID-19 cases.

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