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The Latest Breaking News from China

Report: Tesla Giga Shanghai Pauses Production

According to Reuters's unofficial sources, the company is suspending production for two days. Reuters notes that a single day of production is worth 2,000 cars.

InsideEVs

Vladimir Putin 'gambled' with Ukraine invasion but 'doesn't have a reverse gear'

Former MI6 boss Sir Alex Younger has said that Vladimir Putin "gambled" with his invasion of Ukraine and warned the Kremlin leader "doesn't have a reverse gear"

Daily Mirror

Why Alibaba, Nio And Other Chinese Stocks Are Surging

Shares of Chinese companies including Alibaba Group Holding Ltd (NYSE: BABA) and NIO Inc (NYSE: NIO), are trading higher Wednesday following a Chinese state media report indicating China's financial s

Benzinga

From analysis to the latest developments in health,
read the most diverse news in one place.

Europe Kickstarts Reviewing AstraZeneca Application For Its COVID Antibody

European Medicines Agency has started reviewing AstraZeneca Plc's (NASDAQ:AZN) application for antibody-based COVID-19 therapy but gave no timeline for a conclusion. Infections from COVID-19 are still rising in parts of the world, including Europe. On Tuesday, China posted a steep jump in daily COVID-19 infections, with new cases more than doubling from a…

Benzinga

Apple iPhones Led Smartphone Sales As 5G Handsets Formed Over 50% Of Sales

Apple Inc’s (NASDAQ:AAPL) iPhones led the mobile industry to a landmark in January, as handsets with 5G cellular networking accounted for 51% of smartphone sales for the first time, Bloomberg reports. Recently, Apple launched a 5G model in its budget-friendly iPhone SE series, at half its average flagship device priced at $429. Chinese brands Xiaomi…

Benzinga

Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses

Apple Inc (NASDAQ:AAPL) supplier Hon Hai Precision Industry Co Ltd (OTC: HNHPF), also known as Foxconn, resumed partial operations and production at its two Shenzhen campuses, one of which makes iPhones, after assuming Covid measures, Bloomberg reports. Foxconn had suspended operations after Shenzhen imposed a city-wide lockdown, including its Guanlan factory. Foxconn has resumed some production at…

Benzinga

Read Why Bilibili Shares Are Soaring In Premarket

Bilibili Inc's (NASDAQ:BILI) board approved the company to pursue the voluntary conversion to dual-primary listing on the Hong Kong Stock Exchange. Bilibili would continue to trade on both the HKSE and Nasdaq. Recently, JPMorgan analyst Alex Yao downgraded Bilibili to Underweight from Overweight with a $15 price target (20.5% downside). JPMorgan downgraded the Chinese tech sector, including Alibaba Group Holding…

Benzinga

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China Puts Property Tax Pilot Expansion on Hold to Ease Market Jitters

The conditions for expanding the program ‘are not available this year considering all aspects of the situation,’ finance ministry says

Caixin Global

How far is China willing to go in its support for Russia in Ukraine crisis?

If China supports Russia in its aggression against Ukraine, it will face international criticism and severe sanctions. Is Chinese President Xi Jinping aware of the high cost that Beijing would pay?

The Japan News/Yomiuri

Global Efforts To Reduce Semiconductor Dependence Will Further Exacerbate Crisis: Bloomberg

Growing efforts from the U.S. and Europe to consolidate their semiconductor supply chains to compete with China could backfire due to the political strings attached to the aid, Bloomberg reports. The downside includes insufficient and ill-timed government aid and different parts of the world striving to secure supplies while championing domestic…

Benzinga

Volkswagen Aero B Concept Debuts In April With 435 Miles Of Range

First deliveries start in the second half of 2023, initially in China.

Motor1

Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees

Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business…

Benzinga

Here's Why Alibaba And Other Chinese Stocks Are Trading Higher Premarket

China's top financial policy body swore to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech "as soon as possible,"

Benzinga

Once again, America is in denial about signs of a fresh Covid wave

In the past couple of weeks, UK, Germany, France and others are experiencing a new wave. The US should get ready

The Guardian - US

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Benzinga

Dada Nexus Provides COVID Self-Test Kits Online In China

China-based Dada Nexus Ltd (NASDAQ:DADA) said its local on-demand retail platform, JDDJ, will start booking COVID antigen self-test kits online. Consumers can start to book self-test kits by searching on the platform or entering the epidemic prevention section of the medical channel. JDDJ will provide one-hour home delivery services in partnership with chain pharmacies…

Salon

Making endless war great again

The doctrine of perma-war dominated the world for 40 years. Thanks to Putin, the U.S. and the arms biz, it's back

Asharq Al-Awsat

UN Extends S. Sudan Peacekeeping Mission for One Year

The UN Security Council voted Tuesday to prolong its peacekeeping mission in South Sudan for one more year, after Russia and China chose to abstain. The Council's 13 other members all voted in favor of the resolution, which extends the UN Mission in South Sudan (UNMISS) until March 15, 2023…

Tribune News Service

Commentary: Why so many countries want to sit out the new cold war

“Democracies are rising to the moment,” U.S. President Joe Biden said in his State of the Union address, as Russian President Vladimir Putin unleashed his vicious war on Ukraine. Francis Fukuyama leads a band of commentators claiming that the “spirit of 1989” is back and we are about to witness…

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The Philadelphia Inquirer

Trudy Rubin: The best way to stop China from aiding Russia is for the US to help Ukraine

The Biden administration hoped it could focus on China and not worry about Russia. But the war in Ukraine has proved this was a fantasy as China considers sending military and economic aid to Russia.

The Independent UK

Pandemic postcard: COVID outbreak leaves Hong Kong in limbo

As a COVID-19 outbreak overwhelms Hong Kong, it’s hard for its 7.4 million residents to know what’s next

Bangkok Post

Marcos to sustain Philippines’ US ties, careful on China row

Philippine presidential frontrunner Ferdinand “Bongbong” Marcos Jr said he will continue the nation’s alliance with the US, and will carefully tread the South China Sea dispute with Beijing.

The Independent UK

China seeks to calm markets with promise of economic support

China’s leaders are trying to calm jittery investors by promising more help for its struggling real estate industry, internet companies and entrepreneurs who want to raise money abroad

The Guardian - AU

‘An abomination’: Morrison signals sanctions against China if it helps arm Russia

PM says Australia ‘will move in lockstep’ with allies on sanctioning the country’s largest trading partner

Asharq Al-Awsat

China Boosts Bed Spaces as Omicron Outbreak Spreads

China has moved to free up hospital beds as officials on Wednesday reported thousands of new cases from an Omicron-led coronavirus outbreak that has put millions under lockdown and raised fears for the health system. The country recorded 3,290 new Covid-19 cases on Wednesday, including 11 severe cases, AFP reported.…

Benzinga

Tesla Said To Halt Production In China For 2 Days Amid COVID-19 Outbreak

Tesla Inc. (NASDAQ: TSLA) has halted production at its Shanghai gigafactory for two days, Reuters

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