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The Latest Breaking News from China

China unsettled by Ukraine, but don't underestimate Xi's Taiwan resolve-CIA head

China appears to have been unsettled by the difficulties Russia has faced since its invasion of Ukraine, but Chinese leader Xi Jinping's determination with regard to Taiwan should not be underestimated, the CIA's director said on Tuesday.

Reuters

Zai Lab Revenue Triples, As It Struggles To Break Cycle Of Mounting Losses

Key takeaways: Zai Lab reported its revenue grew 194% last year, but its loss also increased by 162% as it spent heavily on R&D and marketing The company hopes heavy R&D spending can reduce its dependence on licensed products by improving its capacity to innovate By Ken Lo

Benzinga

Rising Costs, Growing Competition Skewer Shrinking Niu Technologies

Key Takeaways: Electric scooter maker Niu Technologies’ profit fell 18% in the fourth quarter, squeezed by rising material costs and growing competition Company forecast revenue growth would slow to 20% to 30% in the first quarter from 47% in the fourth quarter By Doug Young

Benzinga

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China avoids criticizing Russia while trying to maintain stable foreign relations

BEIJING -- Chinese Foreign Minister Wang Yi called for the Ukraine crisis to be resolved through dialogue at an online press conference Monday, although he did not criticize the Russian invasion of Ukraine.

The Japan News/Yomiuri

Tesla Weathers Industrywide Weakness In China: Breaking Down February EV Sales Performance

Tesla, Inc.'s (NASDAQ: TSLA) China sales momentum remained intact in February, as the electric vehicle manufacturer weathered the industrywide softness fairly well.

Benzinga

Toyota BZ Sdn Electric Sedan Spotted Hiding Production Body

The camouflaged prototype was spotted somewhere in China sporting what appears to be its production body and a big portrait-style display inside.

InsideEVs

China's Xi urges 'maximum restraint' over Ukraine in call with Macron, Scholz

Chinese President Xi Jinping on Tuesday urged "maximum restraint" over Ukraine, calling the crisis "deeply worrying" in a video summit with his French and German counterparts Emmanuel Macron and Olaf Scholz.

Radio France Internationale

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Sumy: Evacuations begin in Ukraine war-zone to rescue the stranded

Students from India and China, allies of Russia, have been evacuated.

The Independent UK

Japan keeps close eye on China's moves regarding Ukraine

The Japanese government has been paying close attention to how China will deal with Russia's invasion of Ukraine. If China and Russia become closer and strengthen their solidarity, Japan thinks the situation could destabilize the security environment of East Asia.

The Japan News/Yomiuri

China's Xi supports efforts for diplomatic solution to Ukraine conflict - Germany

German Chancellor Olaf Scholz, French President Emmanuel Macron and Chinese President Xi Jinping agreed on Tuesday to support all negotiations aimed at a diplomatic solution to the Ukraine conflict, a German government spokesperson said.

Reuters

India, China to hold 15th round of Corps Commander talks on March 11

Both sides will now focus on achieving resolution of balance friction areas: defence sources

The Hindu

China: MIC Tesla Wholesale Shipments Tripled In February 2022

Tesla noted another strong month at the start of the year in China. Its overall sales/export numbers of MIC Model 3/Model Y in February tripled year-over-year.

InsideEVs

UN rights chief to visit Xinjiang as groups press for report

The U.N. human rights chief says her office and China’s government have reached an agreement for her to visit in May the western region of Xinjiang, where human rights groups and Western governments have alleged that genocide and other crimes are being carried out against the predominantly Muslim minority group…

The Independent UK

Is GM Looking To Pose Direct Challenge To Tesla, Nio In China With A New 'Incubated Startup?'

General Motors Company (NYSE: GM) is rolling out a startup-like import unit that would focus on China’s high-end market, CnEVpost reported on Tuesday, citing a company execu

Benzinga

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Reuters

China says protects free speech within limits, welcomes Bachelet visit to Xinjiang in May

Freedom of expression is protected in China but cannot be an excuse to put anyone above the law, a Chinese envoy to the U.N. said on Tuesday after the U.N. rights chief Michelle Bachelet voiced concern at arrests and prison terms for critics there.

Asharq Al-Awsat

China’s Xi Calls for ‘Maximum Restraint’ in Ukraine

Chinese President Xi Jinping on Tuesday called for "maximum restraint" in Ukraine and said China is "pained to see the flames of war reignited in Europe," state media reported, in his strongest statement to date on the conflict. Xi, speaking at a virtual meeting with French President Emmanuel Macron and…

Caixin Global

Opinion: What to Expect From Efforts to Stabilize China’s Economy

Growth will hinge on whether a rebound in infrastructure and manufacturing investments can offset the weakness in real estate and consumer spending

Reuters

China's Xi calls for 'maximum restraint' in Ukraine

Chinese President Xi Jinping on Tuesday described the situation in Ukraine as worrying and called for "maximum restraint," saying the priority should be preventing the situation there from spinning out of control, Chinese state media reported.

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The Guardian - UK

Chinese government adviser calls for law to ban ‘fake news’

Jia Qingguo claims the proliferation of misinformation online has fuelled tensions between China and foreign countries

Caixin Global

Luckin Escapes Liquidation After Striking Debt Restructuring Deal

The erstwhile Starbucks China challenger says a Cayman Islands court had dismissed a petition to wind up the company

The Independent UK

UK facing significant EU customs repayments over Chinese import fraud failings

The European Court of Justice found the British Government failed to combat fraud relating to undervalued imports of textiles and footwear from China.

InsideEVs

NIO ET7 Test Drives Begin In China, Deliveries To Start March 28

Reservation holders from NIO's home city of Hefei had the privilege to test drive the ET7 flagship electric sedan before anyone else from March 5.

Tribune News Service

Here’s what could happen if China invaded Taiwan

Xi Jinping’s Chinese Communist Party has threatened to invade Taiwan for more than seven decades. Now fears are growing among analysts, officials and investors that it might actually follow through over the next few years, potentially triggering a war with the U.S.

Reuters

U.N. rights boss Bachelet says China visit agreed in May, including Xinjiang

U.N. human rights chief Michelle Bachelet announced on Tuesday that she has reached an agreement with China for a visit, "foreseen" in May, and said that she had already raised the cases of some critics who have been arrested for speaking out.

Axios

China is censoring the invasion of Ukraine

China’s wide use of its propaganda and censorship muscle helps insulate Beijing from a domestic backlash against its support for Putin.

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