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The Latest Breaking News from China

In COVID-hit Beijing, funeral homes and crematoriums are busy

Hearses bearing the dead lined the driveway to a designated COVID-19 crematorium in the Chinese capital on Saturday while workers at the city's dozen funeral homes were busier than normal, days after China reversed tight pandemic restrictions.

Reuters

What Trump promised, Biden seeks to deliver in his own way

Donald Trump pledged to fix U.S. infrastructure as president

The Independent UK

New COVID model predicts over 1 million deaths in China through 2023

China's abrupt lifting of stringent COVID-19 restrictions could result in an explosion of cases and over a million deaths through 2023, according to new projections from the U.S.-based Institute of Health Metrics and Evaluation (IHME).

Reuters

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‘What was it for?’: the mental toll of China’s three years in Covid lockdowns

As the government abandons ‘zero Covid’, it may take decades for ordinary Chinese people to recover – and many aren’t sure it was worth it

The Guardian - UK

US poised to ban shark fin trade, pleasing conservationists

The U.S. is poised to ban the lucrative trade in shark fins, a move conservationists hope will help protect millions of sharks that are butchered every year to satisfy demand in China and other parts of Asia

The Independent UK

Asian shares fall amid tougher rate talk

RECAP: Asian shares declined yesterday, as continued interest rate hikes and a steadfast hawkish stance by major central banks fuelled global recession worries and sapped risk sentiment, driving US and European markets down.

Bangkok Post

Jitta keen on Asian trio

The outlook is bullish for stock exchanges in Thailand, China and Vietnam, according to Jitta Wealth Asset Management, as those three bourses offer the top investment returns among global peers for 2023.

Bangkok Post

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US blacklists more Chinese tech firms

The Biden administration on Thursday added Chinese memory chipmaker Yangtze Memory Technologies Co Ltd (YMTC) and 21 "major" Chinese players in the artificial intelligence chip sector to a trade blacklist, broadening its crackdown on China's chip industry.

Bangkok Post

Estimated Tesla Order Backlog Decreased To Below 200,000

Tesla's estimated global electric car order backlog has been quickly decreasing for several months now and most recently it dropped below 200,000 units.

InsideEVs

Putin’s energy crisis in Europe has pushed global coal use to a historic high—but here’s why it won’t stay that way for long

Global coal use will rise 1.2% this year to just over eight billion tons, according to the International Energy Agency.

Fortune

Biden’s China tech crackdown leaves Xi with few ways to hit back

The U.S. has sharpened its assault on China’s technology industry with a flurry of export bans and stifling restrictions on companies, an escalation that leaves Beijing with few options to retaliate.

Tribune News Service

The chief investment officer at the world’s biggest hedge fund says we’re headed for a recession that’s ‘double the normal length’—and it has a lot to do with China

“You have this long grind that’s probably a couple years.”

Fortune

US to launch new diplomatic approach to China with ‘China House’

The new unit in the US Department of State aims to create ‘more consistent policy’ towards China, a rival global power.

Al Jazeera

State Department launches 'China House' amid rivalry with Beijing

The U.S. State Department on Friday launched its long-planned "China House" unit, an internal reorganization to help expand and sharpen its policymaking toward its top geopolitical rival.

Reuters

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Asharq Al-Awsat

COVID-Linked Deaths Seen in Beijing after Virus Rules Eased

Outside a funeral home in eastern Beijing, dozens of people were bundled up in parkas and hats against the freezing temperatures Friday evening as workers in full protective suits wheeled out coffins one by one. When an employee with a clipboard shouted the name of the dead, a relative trundled…

Asharq Al-Awsat

US State Department Launches ‘China House’ amid Rivalry with Beijing

The US State Department on Friday launched its long-planned "China House" unit, an internal reorganization to help expand and sharpen its policymaking toward its top geopolitical rival. Secretary of State Antony Blinken in May announced the creation of China House, calling it a department-wide, integrated team that would coordinate and…

StockNews.com

4 Semiconductor Stocks to Buy Hand Over Fist Before 2023

Despite the continued supply chain disruptions due to U.S.-China tensions, the semiconductor industry is poised to expand significantly due to its increasing demand and usage across all sectors. Furthermore, federal investments are boosting the industry’s growth. Hence, it could be wise to add fundamentally strong and quality semiconductor stocks STMicroelectronics…

Newsroom.co.nz

Chinese ‘police centre’ in NZ tied to businessman

A Newsroom investigation has uncovered further details about alleged transnational policing by Chinese officials in our country - but the man tied to the centre denies involvement in police work.

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Tribune News Service

COVID unleashed in Beijing shows rest of China what’s next

Beijing’s rapidly spreading COVID outbreak has turned the Chinese capital of 22 million people into a virtual ghost town as stores close and restaurants empty, underscoring the cost of President Xi Jinping’s sudden pivot away from COVID zero.

Fortune

Friends don’t slap tariffs on friends. Here are the strategies that will ensure the U.S. wins the race for chips and tech supremacy, according to the Consumer Technology Association

Isolationist trade policies may sound good–but they fuel inflation and create friction with U.S. allies, according to CTA CEO Gary Shapiro.

WEKU

Coronavirus FAQ: Is Paxlovid the best treatment? Is it underused in the U.S.?

The drug is the most effective way to cut the risk of severe disease. It's heading to China now. Yet the drug is underused in some places. Why? And are there options if you're not a good candidate?

The Guardian - UK

Japan approves biggest military buildup since second world war amid China fears

US welcomes doubling of military spending but critics express unease over abandoning seven decades of pacifism

Evening Standard

Japan unveils $320billion military plan amid rising tensions with China

Japan has begun a $320billion (£263billion) military build-up plan which would create missiles capable of striking China under a new five-year national security strategy.

The Independent UK

China orders rural hospitals to prepare for migrants' return

China's Cabinet is ordering rural areas to prepare for the return of migrant workers for the holiday season in hopes of preventing a major surge in COVID-19 cases in communities with limited medical resources

Asharq Al-Awsat

China Sends Ships into Pacific amid Japan Security Moves

A squadron of Chinese Navy ships sailed through straits near Japan into the Western Pacific this week, while Beijing on Friday blasted Tokyo's adoption of a new national security strategy putting itself on a more offensive footing — largely as a result of the perceived threat from China. The destroyers…

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