Archive for March 12th, 2021

Preliminary data indicates Sinovac COVID-19 vaccine effective against Brazilian P1 variant-official

12-Mar-2021 Intellasia | Reuters | 7:36 AM

Preliminary data indicates Sinovac COVID-19 vaccine effective against Brazilian P1 variantofficial Preliminary data from a study in Brazil indicates that the COVID-19 vaccine [...] » More

US losing military edge in Asia as China looks like it is planning for war: US Indo-Pacific Command chief

US losing military edge in Asia as China looks like it is planning for war: US Indo-Pacific Command chief

12-Mar-2021 Intellasia | FoxNews | 7:36 AM

The head of US Indo-Pacific Command told lawmakers this week that the US is losing its edge over the Chinese military as the People’s Republic of China faces weakening [...] » More

China’s ‘two sessions’: Beijing promises level playing field but boosts support for state firms

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

China has highlighted the fair treatment of all market entities in its new five-year economic plan, as it tries to reconcile development of both private and state firms and [...] » More

Huawei confirms exec seeking HSBC records in HK court

12-Mar-2021 Intellasia | AFP | 7:36 AM

Chinese tech giant Huawei confirmed Thursday that senior executive Meng Wanzhou is taking HSBC to court in Hong Kong to access banking records she says will help her battle [...] » More

China stock bulls return for best gain in two months on rally in chipmakers, tame US inflation data

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

Mainland China equities rose by the most in at least two month as markets in the region tracked overnight gains on Wall Street following an encouraging US inflation report. [...] » More

China’s debt-laden local governments urged not to ‘blindly expand’ post-coronavirus infrastructure projects

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

China’s top legislature has urged the nation’s cash-strapped regional governments not to “blindly expand” infrastructure projects due to concern about [...] » More

China will work with Russia on policy towards US, says ambassador to Moscow

China will work with Russia on policy towards US, says ambassador to Moscow

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

China is willing to maintain regular communications with Russia about their policies towards the United States, the country’s ambassador to Moscow has said ahead of Joe [...] » More

China must watch for signs of rising nationalism spurred by tensions with the West, warns former top official

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

A former top official responsible for training Communist Party cadres has warned against the rise of domestic nationalism while tensions between China and major powers were [...] » More

Outlook for electric vehicle metals positive as supply issues to keep prices at elevated levels by 2025, analysts say

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

Supply issues will cause prices of metals used in electric vehicles to gradually rise where they are likely to stabilise by 2025, but the current rally driven by disruptions [...] » More

US-China tech war: America being held back by budgetary red tape, Pentagon official says

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

The United States should streamline its budgeting procedures to prevent losing ground to China in the tech race, according to a senior American defence official. A [...] » More

China’s low GDP target gives Beijing room to address market risks

12-Mar-2021 Intellasia | CNBC | 7:36 AM

Mainland Chinese stocks have tumbled in the last few days as authorities set at relatively low GDP target and signaled a shift away from policies meant to keep the economy [...] » More

China’s coal imports from Russia may increase as supply from Australia ‘expected to decline’

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

Russia is aiming to supply more coal to the world’s biggest energy consumer, as Beijing is also seeking to diversify China’s coal supply away from Australia amid [...] » More

Children’s book pulped over claim Covid-19 originated in China

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

A German publisher has destroyed copies of a children’s book after protests from Chinese diplomats, angered at its assertion that the coronavirus which causes Covid-19 [...] » More

Fake traffic app developer sentenced to five years in prison, fined $15,000 yuan amid China’s crackdown on inflated social media engagement

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

A Chinese app developer was sentenced to five years in prison and given a 100,000-yuan (US$15,345) fine for managing an app that inflated the online popularity of some [...] » More

Ant, Tencent fund platforms urge investors to keep cool heads amid stock market volatility

12-Mar-2021 Intellasia | South China Morning Post | 7:36 AM

Mainland Chinese tech giants Ant Group and Tencent Holdings have written to investors urging them to keep cool-headed amid increased volatility in the stock market. Ant [...] » More