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The Latest Breaking News from China

Biden to call China's Xi to discuss economic competition

President Joe Biden will speak Friday with Chinese President Xi Jinping to discuss ongoing economic competition between the two countries and Russia’s war against Ukraine

The Independent UK

China's factories opt for isolation bubbles to beat COVID curbs and keep running

To keep factory lines open in the face of COVID curbs Chinese firms are asking workers to eat, sleep and work in bubbles isolated from the wider world, sterilising premises as often as three times a day and testing for COVID daily.

Reuters

Trending in China: Child Dies as Hospital Refuses Admission Without Covid Test Result

A 4-year-old girl died of acute laryngitis in the outbreak-struck city of Changchun, sparking a firestorm of criticism

Caixin Global

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Biden, Xi to speak as U.S. warns about China military aid for Ukraine war

U.S. President Joe Biden will hold a call on Friday with Chinese leader Xi Jinping, as Washington warned China was considering military support for Russia's invasion of Ukraine, a step that would dramatically widen the gulf between Beijing and Western governments.

Reuters

Russia’s no longer a ‘most-favored nation’: 5 questions about the coveted trading status answered

The U.S., the European Union, Japan and Canada are further severing Russia from global markets by removing a coveted trading designation over its war in Ukraine. Known as most-favored-nation status, it generally entitles a country to the best possible trading terms, which comes with many economic benefits. The EU agreed…

The Conversation

China's Shenzhen to reopen, still trying to contain virus

The Chinese government says companies in Shenzhen, a major business center, will be allowed to reopen while efforts to contain outbreaks there progress

The Independent UK

China’s First Two Financial Holding Companies Win Approval

Citic unit and Beijing Financial Holdings get central bank’s nod some 18 months after it released rules to tighten oversight of nonfinancial conglomerates

Caixin Global

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Tencent's Social Media Removes Posts Questioning China's Strong Economic Data

Tencent Holdings Ltd's (OTC:TCEHY) social media site WeChat deleted at least two reports by notable economists questioning China's surprisingly strong economic data, Bloomberg reports. JD.com Inc (NASDAQ:JD) chief economist Shen Jianguang argued over multiple contradictions behind the robust data. Tencent also removed a similar post by China Evergrande Group's former chief economist Ren…

Benzinga

Russia-Ukraine peace talks, China measures restore some confidence in this week’s markets

The Australian share market, the ASX200, also put its best foot forward to reclaim 7200, a level that it spent the last three weeks trading below.

The New Daily

Clear roadmap needed for Hong Kong's revival as COVID sweeps through city -experts

In just under two months, Hong Kong went from being one of the best places in the world at controlling COVID-19 to one of the worst.

Reuters

Hong Kong running out of coffins amid surge in coronavirus deaths

The territory has around 300 remaining

Wales Online

Tesla Attempts To Resume Production At Shanghai Factory

Tesla Inc (NASDAQ:TSLA) tried to keep production going at its Shanghai factory while complying with China's COVID-19 precautions, Reuters reports. The U.S. electric vehicle maker recently halted production at its Shanghai factory for two days as China looked to curb the country's latest resurgence. Tesla admitted cooperating with the government's requirements for nucleic acid…

Benzinga

Is Tesla Giga Shanghai Production Halt A Way For China To Show Who Is The Manufacturing 'Boss?'

China is flexing its supply-chain muscles by suspending production at Tesla Inc (NASDAQ: TSLA)'s Giga Shanghai due to COVID-19 curbs and reminding the world who is the "boss" when it comes to manufacturing, Loup Ventures founder <

Benzinga

Three Chinese Companies Plan to Sell Shares in Switzerland

The firms include Sany Heavy Industry, one of China’s top construction-machinery makers

Caixin Global

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Benzinga

80 Biggest Movers From Yesterday

Gainers Sonnet BioTherapeutics Holdings, Inc. (NASDAQ: SONN) shares gained 86.7% to close at $0.5150 on Wednesday after the company announced FDA clearance of its IND for SON-1010 for the treatment of advanced solid tumors.

Reuters

Analysis-U.S. gamble on China over Ukraine raises tensions with rival superpower

The Biden administration made a carefully orchestrated gamble this week, issuing a series of public and private threats to Beijing that it will face consequences if it supports Russia's invasion of Ukraine.

Reuters

China rejects Blinken accusation that China not acting in line with UN charter

The Chinese foreign ministry said on Thursday that it firmly rejects U.S. State Secretary Antony Blinken's comment that China's unwillingness to condemn Russia is inconsistent with China's position on the U.N. charter.

The Independent UK

U.S. Olympian Alysa Liu, father targeted in Chinese spy case

U.S. Olympic figure skater Alysa Liu and her father Arthur Liu – a former political refugee – were targeted in a spying operation ahead of the Beijing Olympics that the Justice Department alleges was ordered by the Chinese government, the elder Liu said

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Caixin Global

Shanghai Composite Index Rose 1.4% on Thursday

Shenzhen Component Index closed up 2.41%

The Guardian - AU

China property shares soar on Beijing stimulus, despite continued debt crisis

Plans to shore up real estate and tech sectors welcomed by investors, but downgrade of third-biggest developer Sunac shows problems persist

The Independent UK

Asian stocks follow Wall Street higher after Fed rate hike

Asian stock prices have surged for a second day after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries

Benzinga

BREAKING: Tesla Hikes Prices For Entry-Level Model Y SUV In China

Tesla Inc (NASDAQ: TSLA) on Thursday hiked the prices for its entry-level Model Y sports utility vehicle in China, CnEVpost reported on Thursday, citing the company’s website.

The Independent UK

Biden's China 'pivot' complicated by Russia's war in Ukraine

Joe Biden set out to be the U.S. president who finally completed the “Asia pivot,” Washington lingo for a long sought adjustment of U.S. foreign policy to better reflect the rise of China

Bangkok Post

Sinovac shot prevents only 38% of Covid cases in kids, data shows

Young children who received two doses of China’s Sinovac Biotech Ltd vaccine gained “modest” defences against Omicron infections and higher protection against developing severe cases of Covid-19, a study in Chile showed.

Al Jazeera

India and Australia close to signing a mini free trade agreement

The move comes at a time when both nations are desperate to reduce their dependence on China.

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