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The Latest Breaking News from China

Analysis-China's COVID governance under pressure as Omicron spreads

China's public health governance is expected to come under acute pressure in coming weeks as the biggest wave of COVID-19 cases since the 2020 Wuhan outbreak stretches medical resources, tests the country's ability to contain infections and strains the economy.

Reuters

Nuclear war ‘steps away’, warns RAF chief, while China 'willing to help Russia'

RAF's Air Marshal Edward Stringer CBE has said that a nuclear war may be "just a few steps away" while at the same time there is fear that China could provide military support to Russia

Daily Mirror

Shanghai Composite Index Rose 3.48% on Wednesday

Shenzhen Component Index closed up 4.02%

Caixin Global

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China's Jilin province in 'last ditch' COVID battle-party official

China's Jilin province was "in a last-ditch battle" against COVID-19, according to a senior Communist Party official, as the northeastern region bordering North Korea and Russia accounted for three-quarters of China's total new cases on Wednesday.

Reuters

Vietnam to diversify sources of industry materials over China Covid curbs

HANOI: Vietnam plans to diversify the sources of materials needed to supply the country's manufacturing sector due to tighter Covid-19 curbs in China, Industry and Trade Minister Nguyen Hong Dien said during a parliament meeting on Wednesday.

Bangkok Post

Nio Beats Xpeng, BYD, Tesla To Become The Top Quality Vehicle In China: Here's What Helped It

U.S.

Benzinga

China Says It Is ‘Not a Party’ to Ukraine Crisis

Media reports emerged that Moscow has requested military and economic assistance from China for its war in Ukraine, which China denied.

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China says Taiwan 'taking advantage' of Ukraine as island sends more aid

China's government on Wednesday lambasted Taiwan's humanitarian aid for Ukraine and sanctions on Russia as "taking advantage of other's difficulties" after the island announced it was sending more funds donated by the public for refugees.

Reuters

Why Alibaba, JD And Tesla Rivals Li Auto, Nio Are Rebounding Big-Time In Hong Kong Today

Shares of U.S.-listed Chinese tech companies surged in Hong Kong on Wednesday, lifting the benchmark Hang Seng Index into positive territory after three days of losses.

Benzinga

On Taiwanese island, drills underscore strategic importance and vulnerability

Taiwan held live fire drills in its northernmost territory on Wednesday, putting the spotlight on a remote island that is strategically located at a chokepoint near China - and potentially vulnerable to attack.

Reuters

China-Russia helping hand an 'abomination'

A leading security expert warns the Sino-Russian alliance is not to be underestimated, as the prime minister labelled any cooperation an 'abomination'.

AAP

What could China’s zero Covid strategy mean for Australian business?

How will rising case numbers and tens of millions of people under strict lockdown affect local supply chains and Australia’s economy?

The Guardian - AU

Millions under lockdown in China as COVID-19 cases surge, officials urge over-60s to get vaccinated

China reports 5,280 new infections — more than double the previous day's tally — as the highly transmissible Omicron variant forces lockdowns and spreads across a country that has stuck tightly to a zero-COVID-19 strategy.

ABC News

Dutton raises prospect of 'military force'

There are "ominous signs" emerging from an "unholy" alliance between Russia and China, Peter Dutton has told the United States Studies Centre.

AAP

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Benzinga

Volkswagen To Shift More Production To China, North America As Russia-Ukraine War Roils Europe Supply Chain

Volkswagen Group (OTC: VWAGY) CEO Herbert Diess said on Tuesday that the German automaker is shifting more production out of Europe to China, North America and Latin America to cope with supply chain issues stemming from Russia’s invasion of Uk

Tribune News Service

China’s goal with Putin is to resist US without economic pain

China’s support for Russia in the war in Ukraine is showing its limits as the domestic costs for Chinese President Xi Jinping start to outweigh the benefits of confronting the U.S.

ABC News

Peter Dutton escalates criticism of Vladimir Putin, says Russian invasion was a miscalculation

The Defence Minister labels Vladimir Putin a "paranoid and utterly ruthless" dictator and says his invasion of Ukraine was a "miscalculation", while ratcheting up his warning about Russia and China's "unholy alliance".

Bangkok Post

Singapore: China should use enormous influence on Russia

Singapore’s top diplomat said he hopes China will use its “enormous influence” on Russia to help end its war with Ukraine, warning that Beijing’s decisions in the coming days and weeks could determine the future path of the global economy.

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Reason

Tibet's armed resistance to Chinese invasion

Part 4: 1958—the Chushi Gangdruk unify the uprising

Al Jazeera

‘Turning point’: War in Ukraine tests shaky US-China relations

Beijing’s stance on the Russian invasion of Ukraine could define future ties with Washington, analysts say.

Benzinga

Astellas' Menopause Drug Suffers Setback After Failed Asian Trial

After acing a pair of phase 3 trials, Astellas Pharma Inc (OTC:ALPMF) has reported the failure of fezolinetant to beat placebo in a late-stage study of patients in Asia. The study randomized 302 women in China, Korea, and Taiwan. After 12 weeks, Astellas saw numerical improvements in the rate of hot flashes from baseline…

Benzinga

China And Saudi Arabia In Talks To Price Oil Sales In Yuan: Report

Saudi and Chinese officials have been holding ongoing discussions about pricing of some of the Gulf nation’s oil sales in yuan rather than dollars or euros.

ABC News

Government commits $240 million to critical minerals projects in mission to end Australia's reliance on China

The federal government commits $240 million to developing its own critical minerals industry, as fears of a Chinese "monopoly" on the materials drives Australia to find its own supplies.

The Canberra Times

Lowy Institute flags slower growth in China

A leading think tank believes China's economic growth will be slower than first predicted.

StockNews.com

5 Small-Cap Stocks to Buy to Take Advantage of Rising Steel Prices

A global steel shortage caused by lower supply from major exporters China, Russia, and Ukraine has pushed up steel prices of late. But given the strong demand from a reopening global economy, other countries' producers should benefit. So, small-cap steel stocks TimkenSteel (TMST), Insteel Industries (IIIN), Mesabi (MSB), Synalloy (SYNL),…

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