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The Latest Breaking News from China

Graphcore Halts Sales of AI Chips in China Due to U.S. Export Rules

Graphcore ceases sales of AI processors and scales down operations in China due to latest U.S. export rules.

Tom’s Hardware

China Adds Six Countries to 15-Day Visa-Free Program

Beijing plans to include France, Germany, Italy, Malaysia, the Netherlands, and Spain in the program on a one-year trial basis

Caixin Global

Stock Index Futures Mixed as Bond Yields Climb Ahead of U.S. PMI Data

December S&P 500 futures (ESZ23) are up +0.03%, and December Nasdaq 100 E-Mini futures (NQZ23) are down -0.11% this morning as U.S. Treasury yields climbed after trading resumed following a holiday, while market participants geared up for U.S. business activity data.

Barchart

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China Announces Measures to Fight Wave of Respiratory Infections in Kids

State Council orders strengthened health surveillance in schools and increased vaccinations for at-risk groups

Caixin Global

Health: New respiratory illness H9N2 in Chinese children reported; Health Ministry monitoring

There is low risk to India from both the avian influenza cases reported from China as well as the clusters of respiratory illness. Read further on Dynamite News:

Dynamite News

S&P Futures Tick Higher Ahead of U.S. PMI Data

December S&P 500 futures (ESZ23) are trending up +0.10% this morning as market participants geared up for U.S. business activity data.

Barchart

China will allow visa-free entry for France, Germany, Italy, the Netherlands, Spain and Malaysia

China has announced that it will allow visa-free entry for citizens of five European countries and Malaysia as it tries to encourage more people to visit for business and tourism

The Independent UK

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Closely monitoring outbreak of H9N2, clusters of respiratory illness in children in China, says Health Ministry

India is closely monitoring the outbreak of H9N2 and clusters of respiratory illness in China. India is prepared for any exigencies and has strengthened its health infrastructure. PM-ABHIM and IDSP have rich experience of dealing with challenging health situations during Covid pandemic. India is embarking on 'One Health' approach to…

The Hindu

Asian Markets Struggle With China Property Help In Focus

With traders taking a breather, many markets were mixed in Asia on Friday.

Latin Times

China's real estate crisis has helped punch a $37 billion hole in the balance sheet of one of the country's largest shadow banks

But be wary of a hard landing narrative, warns one economist, as the risk of contagion pushes Beijing to offer stronger support for real estate.

Fortune

Presidential elections: Setback for China as Taiwan opposition splits in dramatic feud

In a significant turn of events that could reshape Taiwan's political landscape, the island's opposition parties, traditionally favoring closer ties with China, have experienced a dramatic split. This development, unfolding before the next year's crucial presidential election, may inadvertently ease the path for the ruling Democratic Progressive Party (DPP) to…

The Times of India

China claims 'no new or unusual' virus behind surge in child pneumonia

WHO had asked Beijing for further data after hospitals became 'overwhelmed' with sick children

Evening Standard

French foreign minister holds talks in China on climate and global tensions

French Foreign Minister Catherine Colonna says France and China should work together to reduce global tensions and address issues such as climate change and biodiversity

The Independent UK

Diplomats from South Korea, Japan and China will meet about resuming a trilateral leaders' summit

The top diplomats from South Korea, Japan and China are gathering in South Korea this weekend to discuss resuming their leaders’ summit, among other regional issues

The Independent UK

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Caixin Global

Shanghai Composite Index Fell 0.68% on Friday

Shenzhen Component Index closed down 0.94%

Al Jazeera

Pro-Palestine or a trend? China’s stance on Israel-Hamas war splits opinion

Chinese President Xi Jinping has called for an end to the ‘collective punishment’ of Palestinians.

The Guardian - UK

Fresh China questions for Cameron as video shows him praising port project

Former PM seen quoting from Chinese-funded study in support of Sri Lankan development

Caixin Global

Weekly Must-Read: Rethinking China’s Property Market Meltdown

As top performers Gemdale and Vanke show signs of teetering, calls are growing for a fresh approach, with construction of public housing touted as a panacea

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Newcastle Herald

Outbreak of COVID cases rising, with peak headed for Christmas time

Mystery outbreak of pneumonia clusters in children reported in China.

International Business Times

Asian Markets Struggle, China Property Help In Focus

Most Asian markets fell Friday following a broadly healthy week, with traders hoping for fresh Chinese moves to help the country's troubled property sector after officials called on banks to provide support.

International Business Times UK

China Accused Of Genocide As Hundreds Of Mosques Are Destroyed

As part of its policy that sets out to "sinicise" religious minorities, the Chinese government has ordered the destruction of thousands of mosques.

The Conversation

Alleged assassination plot against Sikh separatist could hamper India-U.S. relations

The United States government recently stated it had thwarted a plot to assassinate a Sikh separatist leader in the U.S. and issued a warning to the Indian government. According to media reports, U.S. authorities say they successfully stopped a plot to assassinate Sikh separatist Gurpatwant Singh Pannun on American soil.…

The Hindu

A $5 trillion economy, but for whom?

While India is set to become the third largest economy in the world in 2028, 80 crore Indians will still be receiving free foodgrains to stave off hunger

Space

China eyes additional modules for Tiangong space station

China's Tiangong space station is set to expand to have a cross-shaped configuration and may include additional modules to double its size in the coming years, according to the country's space agency.

StockNews.com

The Top 3 China Stocks Securing Investor Portfolios

Despite various challenges, the Chinese economy has consistently exhibited remarkable and steadfast resilience, maintaining robust growth. Therefore, three Chinese stocks, Vipshop Holdings (VIPS), Sunlands Technology (STG), and X Financial (XYF), could be ideal buys. Read more….

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