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Biden struggles to woo Asian nations wary of upsetting China

21-May-2022 Intellasia | Bloomberg | 1:02 PM

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

21-May-2022 Intellasia | Reuters | 12:09 PM

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

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | AFP-CNA | 5:02 AM

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

21-May-2022 Intellasia | South China Morning Post | 5:02 AM

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 detects new infections after five days of ‘zero COVID’

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | South China Morning Post | 5:02 AM

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

21-May-2022 Intellasia | South China Morning Post | 5:02 AM

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

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | Reuters | 5:02 AM

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

21-May-2022 Intellasia | South China Morning Post | 5:02 AM

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