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The Latest Breaking News from China

China tightens controls as more virus cases reported

Hong Kong has reported over 27,600 new coronavirus cases while Shanghai closed schools and parks and authorities in Beijing suspended access to a residential area after new infections were found

The Independent UK

Vietnam blocks Sony's action movie 'Uncharted' over South China Sea map

Vietnam has banned Sony's action movie "Uncharted" from domestic distribution over a scene featuring a map that shows a disputed line declared by China to stake its claim to large parts of the South China Sea, state media reported on Saturday.

Reuters

Northeast China Car Manufacturing Hub in Lockdown as Covid Cases Surge

Changchun’s 9 million residents ordered to stay at home as schools and public transport closed

Caixin Global

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read the most diverse news in one place.

China Approves Five COVID-19 Antigen Kits for Self-testing

China has granted approval to five COVID-19 antigen kits made by local companies to be used for self-testing, state broadcaster CCTV said on Saturday, as it tweaks its testing regime that has been pressured by Omicron. China's National Medical Products Administration (NMPA) published a notice on Friday saying Beijing Huaketai…

Asharq Al-Awsat

Ukraine war gives Taiwan's military reservist reform new impetus

Taiwan President Tsai Ing-wen visited army reservists training under a new scheme to bolster war readiness on Saturday, a programme that has gotten added impetus from Russia's invasion of Ukraine, given China's bellicosity against the island.

Reuters

Winter Paralympics: Ukraine claim 10th gold as Brian McKeever makes history

Oleksandra Kononova added another gold for Ukraine as Brian McKeever equalled the record for most Paralympic gold medals

The Guardian - UK

Weekly Must-Read: China Meheco Confirms Pfizer Talks on Selling Paxlovid in China

State-owned drugmaker’s shares surge by 10% limit on four straight days in Shanghai, though its role may be limited to distribution logistics

Caixin Global

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Covid hasn't peaked yet, says HK leader

HONG KONG: Hong Kong leader Carrie Lam said on Saturday that the city’s Covid-19 outbreak wasn’t yet past its peak despite recent daily case numbers showing a slight levelling off.

Bangkok Post

China approves five COVID-19 antigen kits for self-testing - CCTV

Reuters

Hong Kong leader Lam says city not yet past COVID peak

Hong Kong reported 27,647 new COVID-19 cases on Saturday, with city leader Carrie Lam saying the outbreak was not yet past its peak despite recent daily case numbers slightly levelling off.

Reuters

China daily Covid-19 cases hit 2-year high

SHANGHAI: Mainland China reported more than 1,500 new local Covid-19 infections on Saturday, the most since the initial nationwide outbreak at the start of 2020, as the Omicron variant prompts cities across the country to further tighten measures.

Bangkok Post

China daily local COVID cases hit two-year high of over 1,500

Mainland China reported more than 1,500 new local COVID-19 infections on Saturday, the most since the first nationwide outbreak in early 2020, as the Omicron variant prompted Beijing to introduce self-testing kits for the first time.

Reuters

COVID outbreak prompts China to lock down 9 million people in city of Changchun

Despite fewer than 100 positive COVID cases in the north-eastern city of Changchun, residents are told not to leave their homes, with one person from each family allowed outside every two days to buy provisions.

ABC News

America is fuelling Chinese techno-nationalism

Although the American-born skier Eileen Gu became a darling of the Chinese public during the Winter Olympics in Beijing, China trained many of its sports champions at home, through its juguo (whole nation) sports regime. And now China is applying the juguo approach -- deploying massive resources to achieve a…

Bangkok Post

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The Guardian - AU

China is squirming under pressure to condemn Russia. It can’t hold out forever

Beijing is struggling to settle on a clear message over Ukraine because it is trying to reconcile the irreconcilable

Benzinga

What's Going On With Zai Lab, Hutchmed, BeiGene Shares Today

Three of the most major drugmakers with roots in China, Zai Lab Ltd (NASDAQ: ZLAB), BeiGene Ltd (NASDAQ: BGNE), and Hutchmed China Ltd (NASDAQ:

The Guardian - UK

The Guardian view on deglobalisation: McDonald’s quits Moscow

Editorial: The exodus of western brands in response to Russia’s invasion of Ukraine contributes to an existing economic shift

The Independent UK

AP Was There: The surreal, first day of the pandemic

On the day the World Health Organization declared the coronavirus a pandemic, Koloud “Kay” Tarapolsi reflected the views of many people when she told an Associated Press reporter: “If we avoid each other and listen to the scientists, maybe in a few weeks it will be better."

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StockNews.com

5 Stocks to Buy as Steel Prices Jump

Following China’s production cuts, the Russia-Ukraine war–the two countries that are significant steel producers–has raised concerns over steel supply, pushing prices higher. However, steel manufacturers in other countries should benefit from strong global demand and rising prices. Therefore, we think fundamentally sound steel stocks Nucor (NUE), POSCO (PKX), Tenaris (TS),…

The Conversation

From soaring gas prices to another world war, economic sanctions can lead to dire unintended consequences

Western governments have united to bring in a number of serious economic sanctions against Russia in retaliation for its violence in Ukraine, including the latest announcement that the United States is revoking Russia’s “most favoured nation” status that will impose new trade tariffs. The moves were not a surprise.

Benzinga

CANG: December Quarter Results Met Expectations, but Soft Revenue Guidance for March Quarter Should Mark a Quarterly Trough for 2022

By T. Moore, CFA NYSE:CANG READ THE FULL CANG RESEARCH REPORT

The Conversation

Ukraine war and anti-Russia sanctions on top of COVID-19 mean even worse trouble lies ahead for global supply chains

Francis Fukuyama, the American political scientist who once described the collapse of the Soviet Union as the “end of history,” suggested that Russia’s invasion of Ukraine might be called “the end of the end of history.” He meant that Vladimir Putin’s aggression signals a rollback of the ideals of a…

StockNews.com

Is Bilibili a Buy Under $30?

Although the entertainment services company Bilibili (BILI) reported stable top-line growth in its last quarter, its widening losses and negative profit margins have raised investors' concerns. So, would it be worth betting on the stock at its current price level, considering the SEC's recent crackdown on U.S-listed Chinese companies? Read…

Benzinga

The Daily Biotech Pulse: Valneva Gains On COVID Shot Regulatory Update, Lucira Health And Clearside Jump On Earnings, BeiGene Drug Snags Approval In China

Here's a roundup of top developments in the biotech space over the last 24 hours.

Caixin Global

Car Recalls in China Jumped 28.8% Last Year

Of the 8.7 million cars involved, 10% were NEVs, market watchdog says

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