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The Latest Breaking News from China

Airlines see 2023 profit as US growth offsets China barriers

The airline industry is set to achieve its first post-pandemic profit next year, as a travel rebound in the U.S. offsets the impact of ongoing Covid-19 curbs in China, the International Air Transport Association predicted.

Tribune News Service

Beijing no longer requires negative COVID test to enter many public spaces

For the first time, state media began portraying COVID-19 as a less serious illness that typically causes only mild symptoms.

Axios

Chinese economic growth may never recover from COVID – here's why

Many countries have had to navigate the balancing act of keeping the economy alive versus protecting citizens from COVID in recent years. In China, patience with its zero-COVID policy – one of the world’s toughest strategies for dealing with the pandemic – are wearing thin among workers and students. Sporadic…

The Conversation

From analysis to the latest developments in health,
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China’s Xi arrives in Saudi Arabia to ‘bolster ties’

Initial agreements worth $29bn will be signed at a Saudi Arabian-Chinese summit this week, official news agency says.

Al Jazeera

Call for NZ to ban 'transplant tourism'

Looking overseas for an organ transplant may be faster for Kiwis in need - but it comes with ethical issues about how exactly a 'donation' was made, according to campaigners.

Newsroom.co.nz

BYD Outsells Tesla, Volkswagen In China And Becomes The Top-Selling Brand

Chinese brand BYD, which only started manufacturing cars in 2003, passed Volkswagen and Tesla in sales on the Chinese market in the first four weeks of November

InsideEVs

Fears grow as countries prepare for fresh Covid wave with new sub-variants from China

Singapore's Health Minister Ong Ye Kung has warned the public of three sub-variants swirling in the country and that China opening up its borders will bring a new rush of cases in the New Year

Daily Mirror

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Chinese students protest as university locks down over one Covid case

Footage shows large protest at Nanjing Tech University, as rules persist despite steps to ease zero-Covid policy

The Guardian - UK

4 Chip Stocks That Are Down and out This December

Macroeconomic headwinds and recently imposed regulations on chip sales have marred the chip and semiconductor industry’s performance. In this backdrop, it could be wise to avoid chip stocks NVIDIA (NVDA), Advanced Micro Devices (AMD), Marvell Technology (MRVL), and Navitas Semiconductor (NVTS), which have been on a downtrend for a while…

StockNews.com

BCPG preps Asia's largest wind farm in Laos

BCPG Plc, the renewable power generation arm of Bangchak Corporation Plc, is planning to build Asia’s largest wind farm in Laos in cooperation with PowerChina International Group.

Bangkok Post

First Thing: Trump did not disclose $19.8m loan while president

Loan from Daewoo, a company with ties to North Korea, should have been reported in disclosures. Plus, mass strikes in Iran

The Guardian - UK

Eye of the storm: Taiwan at the centre of Sino-U.S. tensions

U.S. House Speaker Nancy Pelosi visited Taiwan and met Taiwanese President Tsai Ing-wen in August in defiance of Chinese warnings for the trip not to take place.

Reuters

Canada to send more warships to Taiwan Strait as China claims ‘sovereign rights’

Ottawa says it will push back against unilateral actions that threaten status quo

The Independent UK

China-Made Volvo EX30 Confirmed For 2023, XC90 To Stick Around

In other news, renting batteries to lower an EV's price is not on the agenda due to safety concerns.

Motor1

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The Independent UK

Mongolians protest alleged theft of coal sold to China

Protesters have tried to force their way into Mongolia's State Palace, incensed by allegations of corruption linked to the coal trade with China

Reuters

Factbox-Saudi-China energy, trade and investment ties

Saudi Arabia and China signed a series of agreements during President Xi Jinping's visit to the kingdom, demonstrating deepening ties between the two countries that Riyadh's traditional ally the United States is warily watching.

Reuters

China's Xi to arrive in Riyadh on Wednesday to meet Saudi and Arab leaders

Saudi Arabia aims to increase trade with Beijing and discuss regional security when China's president visits Riyadh this week, with the kingdom seeking to expand superpower ties beyond the increasingly fractious alliance with the United States.

Caixin Global

Wang Tao: What to Expect From China’s Central Economic Work Conference

The upcoming meeting will likely emphasize more support for economic growth, deemphasize ‘zero Covid,’ and offer additional aid for the property sector

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news in one place.

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The Independent UK

China blasts US report, reiterates 'no 1st use' nuke policy

China's Defense Ministry says the country strictly adheres to a policy of no first use of nuclear weapons “at any time and under any circumstances."

Reuters

Chinese rush to stock up antigen kits, medicines as COVID prevention curbs ease

Chinese residents have rushed to snap up COVID-19 antigen kits and medicines for fevers and colds, as the country's recent easing of prevention measures triggered widespread concern among the public that they could now catch the virus.

Bangkok Post

Investors look to emerging markets as planets align for end of dollar bull market

NEW YORK: As the US dollar tumbles from multi-decade highs, some investors are betting emerging market currencies will be big winners from a sustained reversal in the greenback.

Asharq Al-Awsat

Beijing Drops COVID Testing Burden with Wider Easing Eyed

People in China's capital Beijing on Tuesday were allowed to enter supermarkets, offices and airports without having to show negative COVID tests, the latest in a mix of easing steps nationwide after last month's historic protests. "Beijing readies itself for life again" read a headline in the government-owned China Daily…

The Independent UK

South Korean lawmakers raise concerns over Chinese voters

Members of South Korea’s ruling conservative party have proposed a bill that would place tighter restrictions on the voting rights of foreign permanent residents in local elections

Al Jazeera

Five challenges Pakistan’s new army chief faces

General Asim Munir has taken over at a time when Pakistan is tackling multiple crises.

Asharq Al-Awsat

Oil Prices Climb after Russian Crude Sanctions Kick in

Oil rebounded on Tuesday after plunging by more than 3% in the previous session, as the implementation of sanctions on Russian seaborne crude oil eased concerns about oversupply while the relaxing of China's COVID curbs bolstered the demand outlook. Brent crude futures had gained 85 cents to $83.53 a barrel…

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