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The Latest Breaking News from China

A-G backs extradition of pilot to the US

The US government's bid to have a former American fighter pilot extradited, accused of working for China, has been approved by the Albanese government.

AAP

China Approves 45 Imported Video Games in December

China's online game regulator granted publishing licenses to 45 foreign video games for release in the country on Wednesday, further lifting rigid curbs that have hammered the industry for 18 months. The National Press and Publication Administration approved a total of 45 imported online games including "Pokémon Unite" by Nintendo…

Asharq Al-Awsat

Russia and China hold naval drills, practise submarine capture

Russia and China have completed naval drills in the East China Sea, after a week of joint exercises which included practising how to capture an enemy submarine with depth charges and firing artillery at a warship, Russia's defence ministry said.

Reuters

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US, like India and other countries, to impose entry curbs for those coming from China

In line with India and other countries, the United States is also mulling over the decision to impose entry measures for those travelling from China in the wake of a fresh COVID-19 outbreak in the Asian nation. With regard to this, US officials have mentioned concerns expressed by the World…

The Times of India

Australia approves extradition request for former U.S. Marines pilot over China military training

Australia has approved a request to extradite former U.S. Marine Corps pilot Daniel Duggan to the United States where he faces charges of money laundering and breaking U.S. arms control laws, the Attorney-General's Department said on Thursday.

Reuters

Taiwan to test arrivals from China for COVID from Jan 1

Taiwan will test arrivals from China for COVID-19 from Jan. 1 in response to a surge in cases there, the government said on Wednesday, joining other countries in stepping up controls on people coming from China.

Reuters

China to Drop Outbound Travel Restrictions With End of ‘Zero Covid’

Beijing will resume processing passport applications and issuing Hong Kong visas in January, when it will downgrade Covid-19’s infectious disease classification

Caixin Global

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Shanghai Composite Index Fell 0.26% on Wednesday

Shenzhen Component Index closed down 0.86%

Caixin Global

Asian shares mostly lower after tech-led fall on Wall Street

Shares are mostly lower in Asia after a post-holiday retreat on Wall Street, as markets count down to the end of a painful year for investors

The Independent UK

China’s Covid surge leads countries to adopt entry restrictions

Nations across the globe are implementing or considering measures to test or restrict travellers from China as the country of 1.4 billion abandons its Covid Zero policy and prepares to reopen borders in early January.

Bangkok Post

How 2022 showcased Modi govt’s diplomatic clarity in response to global affairs, regional thrust

As 2022 nears its end, the national capital’s public transport lifeline, the Delhi Metro, has its advertising space replete with the government showcasing India’s year of the G-20 presidency. But the lead role of the multilateral group, and the entailing 200 meets and the pageantry of the summit to be…

Newslaundry

One dead in big pileup on Chinese bridge shrouded in fog

One person was killed on Wednesday when more than 200 vehicles were involved in a pile-up on a bridge in the Chinese city of Zhengzhou in heavy fog, rescuers and the CCTV state broadcaster reported.

Reuters

China to start issuing new passports as virus curbs ease

The Chinese government says it will start issuing new passports in another major step away from anti-virus travel barriers

The Independent UK

From China to inflation, 5 economic trends to watch in 2023

The global economy is facing risks and opportunities next year from rising interest rates to China’s reopening.

Al Jazeera

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Reuters

COVID pressures China's hospitals as countries mandate tests for travellers

Chinese hospitals and funeral homes were under intense pressure on Wednesday as a surging COVID-19 wave drained resources, while the scale of the outbreak and doubts over official data prompted some countries to enact new travel rules on Chinese visitors.

Reuters

U.S. weighs new COVID rules for travelers from China, U.S. officials say

The U.S. government may impose new COVID-19 measures on travelers to the United States from China over concerns about the "lack of transparent data" coming from Beijing, U.S. officials said on Tuesday.

Businessweek

China’s $1.3 Trillion Housing Crackdown Leaves Few Winners

Even after the defaults and sales declines, prices remain high.

ABC News

Australian government approves extradition of former US fighter pilot Daniel Duggan

Daniel Duggan was arrested in the New South Wales Central West in October, the same week the British government issued a rare warning about China's recruitment of retired military pilots.

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Reuters

U.S. weighs COVID-prevention measures for travelers from China -Bloomberg News

The United States is considering taking new COVID-19 precautions for people traveling from China, Bloomberg News reported on Tuesday, citing U.S. officials.

Caixin Global

China Scraps Covid Curbs on Ports, Foreign Ship Crews

Restrictions will end Jan. 8 as country abandons its `zero-covid’ strategy

Bangkok Post

Tourism stocks surge as China removes travel curbs

Thai tourism stocks soared yesterday on news that Beijing is lifting travel curbs earlier than expected, boosting hopes that Thailand's tourism sector, trade and spending would recover much faster than the previous forecast.

Bangkok Post

Exports continue to slump

Exports are expected to continue dropping in December because of the global economic slowdown, but the Commerce Ministry remains confident that full-year export growth should be around 7%.

Bangkok Post

Chinese tourism influx raises fears

An overload of tourists and an overwhelmed Thai healthcare system are issues to monitor next year after China fully reopens, with up to 500,000 tourists projected to start travelling during Chinese New Year.

Tribune News Service

Chinese public shows mixed emotions about 'COVID-zero' ending

China’s public has mixed emotions about "COVID-zero" coming to a sudden end, with some people expressing relief and planning their first trips abroad in three years while others worry about the spread of infections.

StockNews.com

1 Energy Stock to Buy in 2023 and 1 to Liquidate

Despite market volatility, the energy sector has outperformed this year. Moreover, factors like the price cap on Russian crude and China’s reopening are expected to boost the energy market. Hence, the quality energy stock Berry Corporation (BRY) could be a solid buy. However, it might be best to liquidate fundamentally…

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