Category: China
Biden struggles to woo Asian nations wary of upsetting China
Joe Biden talked at length as a presidential candidate about the need to focus on China’s rising global power. Yet 17 months after taking office, Asian leaders are [...] » More
Locked-down Shanghai finds new cases, breaking “zero COVID” streak
Shanghai announced its first new COVID-19 cases outside quarantined areas in five days on Friday and imposed stricter curbs in two districts, but did not signal any change to [...] » More
Shanghai economy hit on all sides in April by COVID lockdown
China’s commercial hub of Shanghai reported on Friday a broad decline in its economy last month when a city-wide COVID lockdown shut factories and kept residents at [...] » More
China says it wants to expand BRICS bloc of emerging economies
China wants to expand the group of emerging economies known as BRICS, in the first shake up of the bloc in over a decade, a senior Chinese diplomat said on Thursday. Brazil, [...] » More
Dazzling but empty stadiums a symbol of China’s fading football dream
Gleaming football stadiums built for the Asian Cup may turn into “white elephants” after China withdrew as hosts, experts say, with President Xi Jinping’s [...] » More
Shanghai lockdown: city finds three new community infections even as death toll falls to zero, as path to reopening is lined with risks
Shanghai found three community infections across the city of 25 million residents, even as the death toll fell to zero for the first time since April 18, underscoring how the [...] » More
Shanghai detects new infections after five days of ‘zero COVID’
Shanghai reported new COVID-19 cases outside quarantined areas for the first time after five days of no infections, prompting stricter curbs in a district, but plans to end a [...] » More
Planting ‘letters from spring’: Chinese artist in Guangzhou has been covering dingy walls with flowers made of felt
A Chinese art student has taken it upon himself to decorate the southern megacity Guangzhou with “flower patches” made out of felt, which has been praised as [...] » More
China on ‘path of further easing’ after cutting mortgage rate in bid to revive economy
China’s sizeable cut to its mortgage reference rate, aimed at reviving the housing market and boosting long-term demand for loans, has raised expectations for further [...] » More
Polestar cuts 2022 delivery forecast amid China lockdown
Swedish electric-vehicle maker Polestar cut its 2022 delivery forecast by 15,000 units to 50,000 vehicles on Thursday, hit by COVID-19 lockdowns in China. “The [...] » More
More Russian oil going east squeezes Iranian crude sales to China
Iran’s crude exports to China have fallen sharply since the start of the Ukraine war as Beijing favoured heavily discounted Russian barrels, leaving almost 40 million [...] » More
East Timor’s new president pledges stronger ties with China
East Timorese independence figure and Nobel laureate Jose Ramos-Horta was inaugurated as the country’s fifth president on Friday, pledging to dedicate his time in [...] » More
China in talks with Russia to buy oil for strategic reserves Bloomberg News
China is in talks with Russia to buy additional supplies of oil in order to add to its strategic crude inventories, according to a Bloomberg News report on Thursday. The [...] » More
Oil steady as economic worries offset possible China demand rise
Oil prices were little changed on Friday as worries about weaker economic growth offset expectations that crude demand could rebound in China as Shanghai lifts some [...] » More
Controlling stake in Arm China may shift to little-known entity as chip joint venture’s ownership saga drags on
Arm China, which has just ended a boardroom bust-up by ousting its former chair, may end up in the hands of an entity that has little or no public profile, adding a layer of [...] » More
