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The Latest Breaking News from China

China's Xi calls for oil trade in yuan at Gulf summit in Riyadh

President Xi Jinping told Gulf Arab leaders on Friday that China would work to buy oil and gas in yuan, a move that would support Beijing's goal to establish its currency internationally and weaken the U.S. dollar's grip on world trade.

Reuters

Xi Announces Listing Saudi Arabia as Tourist Destination for Chinese Groups

China’s President Xi Jinping said his country listed Saudi Arabia as an outbound destination for Chinese tourist groups to expand interpersonal exchanges as well as cultural and popular exchanges. The announcement was made following Xi’s meeting with Prince Mohammed bin Salman, Saudi Crown Prince and Prime Minister, in Riyadh on…

Asharq Al-Awsat

Dwindling Economic Opportunities for China’s Youth Fuels Discontent

Without addressing high levels of youth unemployment, China will see a generation of lost youth who may look for disruptive ways to voice their despair.

The News Lens

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Saudi-China Summit: Deepening Ties Within Framework of Comprehensive Strategic Partnership

Saudi Arabia and China stressed in a joint statement on Friday the importance of continuing joint action in all fields and deepening relations within the framework of the comprehensive strategic partnership between the two countries. Custodian of the Two Holy Mosques King Salman bin Abdulaziz Al Saud and Prince Mohammed…

Asharq Al-Awsat

China's Xi strikes deals with Saudi royals during 'milestone' visit

Chinese President Xi Jinping signed a raft of deals with Saudi officials during a three-day visit to Riyadh as Beijing seeks to shore up its Covid-hit economy and as the Saudis, long-term US allies, push to diversify their economic and political alliances.

France 24

China struggles with COVID infections after controls ease

Social media users are reporting a rash of COVID-19 cases in schools and businesses across China after the ruling Communist Party loosened anti-virus rules as it tries to reverse a deepening economic slump

The Independent UK

Chinese president invites Saudi king to visit China - Saudi state TV

Chinese President Xi Jinping has invited Saudi King Salman bin Abdulaziz to visit China, Saudi state TV al-Ekhbariya reported on Friday.

Reuters

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Aramco, Shandong Energy Collaborate on Downstream Projects in China

Saudi Aramco and Shandong Energy Group are exploring collaboration on integrated refining and petrochemical opportunities in China, the Saudi Arabian Oil Company said in a statement on Friday. The companies have signed a Memorandum of Understanding (MoU) which includes a potential crude oil supply agreement and chemicals products offtake agreement,…

Asharq Al-Awsat

Sisi, Xi Discuss Global Challenges

Egypt’s President Abdel Fattah al-Sisi held two separate meetings with his Chinese and Iraqi counterparts in Riyadh on Thursday. The meetings touched on the regional and global developments, the challenges facing the Middle East, and ways to enhance bilateral cooperation. Presidential spokesman Bassam Rady said Sisi exchanged views with China’s…

Asharq Al-Awsat

Saudi Arabia, China Affirm Importance of Stable Global Oil Markets

Saudi Arabia and China reaffirmed the significance of stability in global oil markets and the Saudi role in that, a joint statement said on Friday, following Chinese President Xi Jinping's visit to the Kingdom. "The People's Republic of China welcomed the Kingdom’s role as a supporter of the balance and…

Asharq Al-Awsat

Vietnam Airlines resumes China flights after 3-year pandemic halt

HANOI: Vietnam Airlines said on Friday it has restarted its first regular commercial flight to China after nearly three years of suspension due to the coronavirus pandemic.

Bangkok Post

Shanghai Composite Index Rose 0.3% on Friday

Shenzhen Component Index closed up 0.98%

Caixin Global

Saudi Arabia, China Strengthen Strategic Partnership in Digital Economy

Saudi Arabia has signed a strategic partnership with China for cooperation on the digital economy. The agreement was signed by Minister of Communications and Information Technology Eng.

Asharq Al-Awsat

Without effective vaccines, China’s economy may not heal

Changes to zero-Covid policy could prove insufficient if lockdowns are expected to continue

The Guardian - UK

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Al Jazeera

Why China’s COVID figures don’t add up

China is reporting fewer COVID cases despite easing restrictions across the country.

Caixin Global

Weekly Must-Read: China’s ‘Zero-Covid’ Looks Done. So, What to Expect Next?

Vaccination campaign for the elderly gets rebooted and switch to home quarantine for close contacts and self-testing gathers pace across the country

Reuters

'It's dead out here': China's slow exit from zero-COVID

Judging by Friday's quiet streets in China's capital Beijing and the reluctance of some businesses to drop COVID curbs, enduring anxieties about the coronavirus are likely to hamper a speedy return to health for the world's second-largest economy.

Reuters

As China loosens COVID restrictions, protesters fear retribution

Late last month, Shanghai resident Pei was one of many people who came out in support of historic protests against China's COVID-19 curbs, including filming several seconds of footage of a man being arrested on a street corner.

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Foreign Affairs

Why India Can’t Replace China

The barriers to New Delhi’s next boom.

The Independent UK

US keeps eye on China's space activities for potential risks

The head of American military operations in space says the U.S. is closely monitoring Chinese activities that pose a potential risk to its assets in space

Tribune News Service

China seeks to tone down assertive diplomacy that ‘backfired,’ US official says

WASHINGTON — China’s assertive diplomacy in recent years has “backfired” and Beijing now seeks a more predictable relationship with the U.S. as the country’s economy slows and the government tries to loosen its strict COVID-19 curbs, the Biden administration’s top Asia official said.

Reuters

New Zealand's Ardern hopes to lead trade mission to China once border controls allow

New Zealand Prime Minister Jacinda Ardern said on Friday she hoped to lead a trade mission to China once border settings are changed to allow travel to her country's biggest trading partner as it emerges from the pandemic.

Reuters

China putting U.S. space assets at risk, senior U.S. officer says

China is building capabilities that put most U.S. space assets at risk, and China sees the domain as crucial to their military strategy, the head of the U.S. Space Command said on Friday.

Reuters

U.S. plans sanctions on Russia, China - officials

The United States plans to impose new sanctions against Russia and China on Friday that include punishing Moscow for its use of Iranian drones in its war against Ukraine, two U.S. officials said on Thursday.

The Guardian - AU

Markets optimistic as China eases Covid rules, but experts warn of danger ahead

Amid signs that supply chain woes are improving, economists remain uncertain that China is ready to live with Covid

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