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The Latest Breaking News from China

China approves five COVID-19 antigen kits for self-testing - CCTV

China has granted approval to five COVID-19 antigen kits made by local companies to be used for self-testing, state broadcaster CCTV said on Saturday, as it tweaks its testing regime that has been pressured by Omicron.

Reuters

Hong Kong leader Lam says city not yet past COVID peak

Hong Kong reported 27,647 new COVID-19 cases on Saturday, with city leader Carrie Lam saying the outbreak was not yet past its peak despite recent daily case numbers slightly levelling off.

Reuters

China daily Covid-19 cases hit 2-year high

SHANGHAI: Mainland China reported more than 1,500 new local Covid-19 infections on Saturday, the most since the initial nationwide outbreak at the start of 2020, as the Omicron variant prompts cities across the country to further tighten measures.

Bangkok Post

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China daily local COVID cases hit two-year high of over 1,500

Mainland China reported more than 1,500 new local COVID-19 infections on Saturday, the most since the first nationwide outbreak in early 2020, as the Omicron variant prompted Beijing to introduce self-testing kits for the first time.

Reuters

COVID outbreak prompts China to lock down 9 million people in city of Changchun

Despite fewer than 100 positive COVID cases in the north-eastern city of Changchun, residents are told not to leave their homes, with one person from each family allowed outside every two days to buy provisions.

ABC News

America is fuelling Chinese techno-nationalism

Although the American-born skier Eileen Gu became a darling of the Chinese public during the Winter Olympics in Beijing, China trained many of its sports champions at home, through its juguo (whole nation) sports regime. And now China is applying the juguo approach -- deploying massive resources to achieve a…

Bangkok Post

China is squirming under pressure to condemn Russia. It can’t hold out forever

Beijing is struggling to settle on a clear message over Ukraine because it is trying to reconcile the irreconcilable

The Guardian - AU

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What's Going On With Zai Lab, Hutchmed, BeiGene Shares Today

Three of the most major drugmakers with roots in China, Zai Lab Ltd (NASDAQ: ZLAB), BeiGene Ltd (NASDAQ: BGNE), and Hutchmed China Ltd (NASDAQ:

Benzinga

The Guardian view on deglobalisation: McDonald’s quits Moscow

Editorial: The exodus of western brands in response to Russia’s invasion of Ukraine contributes to an existing economic shift

The Guardian - UK

AP Was There: The surreal, first day of the pandemic

On the day the World Health Organization declared the coronavirus a pandemic, Koloud “Kay” Tarapolsi reflected the views of many people when she told an Associated Press reporter: “If we avoid each other and listen to the scientists, maybe in a few weeks it will be better."

The Independent UK

5 Stocks to Buy as Steel Prices Jump

Following China’s production cuts, the Russia-Ukraine war–the two countries that are significant steel producers–has raised concerns over steel supply, pushing prices higher. However, steel manufacturers in other countries should benefit from strong global demand and rising prices. Therefore, we think fundamentally sound steel stocks Nucor (NUE), POSCO (PKX), Tenaris (TS),…

StockNews.com

From soaring gas prices to another world war, economic sanctions can lead to dire unintended consequences

Western governments have united to bring in a number of serious economic sanctions against Russia in retaliation for its violence in Ukraine, including the latest announcement that the United States is revoking Russia’s “most favoured nation” status that will impose new trade tariffs. The moves were not a surprise.

The Conversation

CANG: December Quarter Results Met Expectations, but Soft Revenue Guidance for March Quarter Should Mark a Quarterly Trough for 2022

By T. Moore, CFA NYSE:CANG READ THE FULL CANG RESEARCH REPORT

Benzinga

Ukraine war and anti-Russia sanctions on top of COVID-19 mean even worse trouble lies ahead for global supply chains

Francis Fukuyama, the American political scientist who once described the collapse of the Soviet Union as the “end of history,” suggested that Russia’s invasion of Ukraine might be called “the end of the end of history.” He meant that Vladimir Putin’s aggression signals a rollback of the ideals of a…

The Conversation

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StockNews.com

Is Bilibili a Buy Under $30?

Although the entertainment services company Bilibili (BILI) reported stable top-line growth in its last quarter, its widening losses and negative profit margins have raised investors' concerns. So, would it be worth betting on the stock at its current price level, considering the SEC's recent crackdown on U.S-listed Chinese companies? Read…

Benzinga

The Daily Biotech Pulse: Valneva Gains On COVID Shot Regulatory Update, Lucira Health And Clearside Jump On Earnings, BeiGene Drug Snags Approval In China

Here's a roundup of top developments in the biotech space over the last 24 hours.

Caixin Global

Car Recalls in China Jumped 28.8% Last Year

Of the 8.7 million cars involved, 10% were NEVs, market watchdog says

Benzinga

DiDi Had To Postpone Its IPO After Jack Ma's Ant: Bloomberg

DiDi Global Inc (NYSE:DIDI) had to pull the brakes on its Hong Kong listing as it failed to satisfy China's concerns over sensitive data leak, Bloomberg reports. Uber Technologies Inc's (NYSE:UBER) Chinese counterpart remained vulnerable to the possible derailing of its listing plans and regulatory penalties. The ride-hailing company's main apps were removed from local…

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Caixin Global

Shanghai Suspends In-Person Classes at Schools as Covid Outbreak Spreads

China’s financial hub will require elementary, middle and high school students to study online from Saturday

Asharq Al-Awsat

Premier Li Offers China’s Help for 'Grave' Ukraine Situation

China’s Premier Li Keqiang on Friday called the situation in Ukraine "grave" and offered Beijing’s help in playing a "positive role" for peace while continuing to refuse to criticize Russia. China has largely sided with Russia in the conflict, which it has refused to refer to as a war or…

The Guardian - UK

Winter paralympics 2022: historic bronze for GB snowboarder Ollie Hill

Hill comes third in men’s banked slalom SB-LL2 on his debut for Britain’s first ever para snowboard Paralympics medal

The Times of India

Joe Biden gets new friend in Asia to take on China, North Korea

SEOUL: Joe Biden may have a new friend in Asia, with South Korea’s presidential-elect preparing a foreign policy reboot that more closely aligns with the US president’s views of China.

Caixin Global

Shanghai Composite Index Rose 0.41% on Friday

Shenzhen Component Index closed up 0.62%

The Independent UK

Live updates: Airstrikes hit Dnipro as Russia pushes to Kyiv

Russian forces are continuing their offensive toward Kyiv on Friday from the northwest and east

Bangkok Post

China says US used its computers for cyberattacks on Russia, Ukraine

SHANGHAI: China has experienced continuous cyberattacks since February in which internet addresses in the United States have been used to seize control of Chinese computers to target Belarus, Russia and Ukraine, state news agency Xinhua said on Friday.

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