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The Latest Breaking News from China

China’s Environmental Watchdog Tells Local Authorities to Ensure Clear Skies During Winter Olympics

Proposed measures including curtailing operations of polluting companies and movement of vehicles to avert air pollution

Caixin Global

Wells Fargo Sees 20% Upside In This Footwear Brand - Read Why

Wells Fargo analyst Kate Fitzsimons upgraded Nike Inc (NYSE:NKE) to Overweight from Equal Weight with an unchanged price target of $175, implying a 19.86% upside. Fitzsimons noted the stock's 12% year-to-date decline presents a "rare buying opportunity for this best-in-class global athletic name." The analyst expects accelerating trends for Nike in fiscal 2023, and recent…

Benzinga

Abrupt lockdowns loom over Beijing life ahead of Olympics

Beijing residents are coping with abrupt local lockdowns and sweeping COVID-19 testing requirements as the Chinese capital seeks to prevent a coronavirus outbreak ahead of the opening of the Winter Olympics in less than two weeks

The Independent UK

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Concerns as China builds bridge on lake at disputed India border

Construction of the bridge across Ladakh’s Pangong Lake comes amid military standoff between the two nuclear powers.

Al Jazeera

EVs To Drive Growth In China Auto Market This Year, Says Rating Agency Fitch

Rating agency Fitch said on Tuesday it expects electric vehicles to remain a key growth driver in China’s car market. What Happened: Fitch Ratings said EV volumes in China could reach 20% of the total share this year, up from 15.5% in 2021.

Benzinga

China Gives 'Fight Club' New Ending Where Authorities Win

The first rule of Fight Club in China? Don't mention the original ending. The second rule of Fight Club in China?

Asharq Al-Awsat

China's Xi meets with IOC's Bach in Beijing ahead of Games

Chinese President Xi Jinping met with International Olympic Committee (IOC) President Thomas Bach on Tuesday, just over a week before the start of the Winter Games, in a rare in-person encounter with a foreign visitor during the pandemic.

Reuters

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US Combat Jet Crashes in South China Sea Exercise, 7 Hurt

A US Navy F35C Lightning II combat jet conducting exercises in the South China Sea crashed while trying to land on the deck of an American aircraft carrier, injuring seven sailors, the military said Tuesday. The pilot was able to eject before the aircraft hit the deck of the USS…

Asharq Al-Awsat

First rule of ‘Fight Club’: in China, the police always win

David Fincher’s 1999 “Fight Club” is at the centre of a social media firestorm in China after a new version of it replaced the original ending with a terse message saying all criminals were apprehended and the authorities triumphed.

Bangkok Post

Fisher: The Many Myths Behind the Worries Over Rising Global Interest Rates

Rates aren’t likely to skyrocket. But even if they do, it won’t be bad for stocks, or China’s growing economy, writes Ken Fisher

Caixin Global

Shanghai Composite Index Fell 2.58% on Tuesday

Shenzhen Component Index closed down 2.83%

Caixin Global

U.S. combat jet crashes in South China Sea exercise, 7 hurt

The U.S. military says a Navy combat jet conducting exercises in the South China Sea has crashed while trying to land on the deck of an American aircraft carrier, injuring seven sailors

The Independent UK

2008 Beijing Olympics vs. 2022: No lofty promises this time

The 2022 Beijing Winter Olympics open in just over a week

The Independent UK

Australian Open supporters ‘welcome’ to wear Peng Shuai T-shirts after uproar over fan ejection

Tennis Australia had been accused of prioritising commercial interests in China

The Independent UK

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The Guardian - UK

Pfizer launches Omicron vaccine trial; UK reports highest daily deaths since February – as it happened

Company hopes vaccine will be ready for approval by March; UK reports 439 deaths and more than nearly 95,000 cases

The Guardian - UK

Reparations to the Caribbean could break the cycle of corruption – and China’s grip

The belt and road initiative is ensnaring vulnerable countries in debt via corrupt infrastructure projects. Slavery reparations from former colonial powers could help turn the tide

The Guardian - UK

Dutch university gives up Chinese funding due to impartiality concerns

Vrije Universiteit will also return €250,000-plus it received in 2021 for rights centre that denied forced labour camps exist in Xinjiang

Bangkok Post

China targets celebrities, fan groups in cyber clean-up campaign

BEIJING: The Cyberspace Administration of China (CAC) on Tuesday launched a month-long "clean cyberspace" campaign, which it said would target online abuse, "chaos" in celebrity fan groups and "money worship", among other issues.

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The Independent UK

Australian opposition leader: China relations won't change

The opposition leader in Australia says its relationship with China will remain difficult even if his center-left Labor Party wins power at elections for the first time in almost a decade

Al Jazeera

F-35 crashes while landing on USS Carl Vinson in South China Sea

F-35C jet was conducting ‘routine flight operations’ when the incident happened, injuring at least seven sailors.

Tribune News Service

The logistical nightmare of getting athletes to the Olympics

Flying chartered is a luxury often reserved for rock stars and royalty. But China’s approach to Covid, with officials determined to stamp out the virus, means that most of the 3,000 or so skiers, snowboarders, skaters and bobsleigh riders descending on Beijing for the Winter Olympics next month will be…

Los Angeles Times

Coronavirus test provider says it plans to sue LA County Sheriff Villanueva over China claims

LOS ANGELES — The company that provides Los Angeles County with coronavirus testing said it plans to sue Sheriff Alex Villanueva for defamation over claims the sheriff made alleging the company has links to the Chinese government.

The Guardian - AU

‘A genocide against our people’: Australian Uyghur leader calls for athlete boycott of Beijing Winter Olympics

‘While our people suffer in camps and in prison we can’t enjoy the game even if we want to. It hurts’

Tribune News Service

Electric Boat is on a hiring spree as US military strategy faces Chinese and Russian threats

Submarine manufacturer Electric Boat said Monday it plans to hire more than 3,000 workers this year, a 20% increase over 2021 as U.S. military strategy faces rising threats from China and Russia.

InsideEVs

BYD Han Station Wagon Version Spotted In China

BYD Han sedan is one of the most popular electric cars in China. In the near future, it might get additional versions, such as a station wagon and a convertible.

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