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The Latest Breaking News from China

US economy now ‘facing rocky waters,’ Biden aide Deese says

President Joe Biden’s top economic adviser said that the U.S. may see some difficulties as it contends with elevated inflation and further supply-chain challenges stemming from COVID lockdowns in China and the Russian invasion of Ukraine.

Tribune News Service

Cancer Drug Maker BeiGene Takes Action to Mitigate Delisting Risk

Key Takeaways: BeiGene has switched auditors for its New York listing to a U.S. company from a Chinese one in a move to comply with U.S. law The change could reduce the company’s threat of being forcibly delisted from the Nasdaq By Doug Young

Benzinga

Russians turn to homegrown social media amid crackdown over Ukraine

RuTube was downloaded about 1.4 million times on Russia’s App Store and Google Play in the 40 days after Russia invaded Ukraine

The Independent UK

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Why Bilibili and NetEase Shares Are Trading Higher Today

XD Inc has won a publishing license for its title "Party Star" in one of China's first approvals of a game since July last year, Reuters reports. The National Press and Publication Administration soon looked to publish a list of games it has granted licenses. Also Read: NetEase Stock Plummets As China Limits…

Benzinga

Here's How This Key Nio Supplier Looks To Tide Through China's Covid Crisis

Critical NIO Inc (NYSE:NIO) supplier Contemporary Amperex Technology Co. Ltd has implemented a closed-loop for workers at its main China factory in China, Bloomberg reports. The closed-loop helped the leading EV battery maker avoid the kind of Covid-19 shutdowns which are hurting Tesla Inc (NASDAQ:TSLA) and Volkswagen AG (OTC:VWAGY). Also Read: Apple's Key Supplier Resumes Partial Operation At Shenzhen Campuses CATL looked…

Benzinga

Russia’s Ukraine invasion has escalated a brewing battle over space

WASHINGTON — A 57-second video posted by the Russian government last month caught the attention of scientists and diplomats, but not in a way that inspired optimism about the future of global cooperation in outer space.

Los Angeles Times

Why VNET Shares Are Surging Today

VNET Group Inc (NASDAQ:VNET) bagged an unsolicited and preliminary all-cash buyout offer. The Hina Group and Industrial Bank Co., Ltd., Shanghai Branch proposed to acquire VNET for $8.00 in cash per ADs, or $1.3333 per ordinary share. VNET's Q4 FY21 revenue of $273.9 million, up 29.4% year-on-year, missed the consensus of $275.9 million. EPS loss…

Benzinga

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Sportswashing Is Everywhere, but It’s Not New

Regimes have been using sports to burnish their images or distract from their problematic behavior for centuries.

Sports Illustrated

Editorial: Staying True to the Mission of Corporate Compliance Reform

The authorities should create a law-based business environment and promote the standardized development of enterprises

Caixin Global

Shanghai to ease lockdown despite surge in Covid cases

China’s most populous city to allow ‘appropriate activity’ in areas where there have been no cases for at least two weeks

The Guardian - UK

China: MIC Tesla Wholesale Shipments Almost Doubled In March 2022

The total volume of Tesla MIC sales and export - according to the China Passenger Car Association (CPCA)'s data - amounted in March to 65,814 units.

InsideEVs

Angry mob breaks down barrier for food in world's strictest lockdown in China

Footage shows masses of people racing for food and medical supplies, as 26 million people face lockdown as China is once again gripped by a wave of Covidspreading through the population

Daily Mirror

Apple Starts Manufacturing iPhone 13 in India

Apple Inc has started making the iPhone 13 in India, the company said on Monday, as the US tech giant tries to reduce reliance on its Chinese supply chain. The phone is being produced at a local plant of Apple's Taiwanese contract manufacturer Foxconn, situated in the town of Sriperumbudur…

Asharq Al-Awsat

China Stocks Dive Over Covid Controls

The sell-off came even though Chinese authorities in mid-March offered assurances of support for the economy

Caixin Global

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Bangkok Post

Russians switch to homegrown social media amid Ukraine crackdown

TBILISI/BERLIN: When YouTube stopped users in Russia from monetising their clips following the invasion of Ukraine, George Kavanosyan, a Moscow-based environmentalist with 60,000 followers on the platform tried to switch to its local equivalent, RuTube.

The Independent UK

China says 'regular military supplies' delivered to Serbia

China says it delivered “regular military supplies" to Serbia, in its first comments on an unusual operation in which six Chinese Air Force Y-20 transport planes landed in Belgrade early Saturday

Caixin Global

China to Boost Health Cooperation With Portuguese-Speaking Nations, Premier Says

Li Keqiang tells forum that Macao is a bridge that connects China and Lusophone countries

ABC News

Social media videos show 'riots' over food as Chinese city Shanghai enters third week of strict lockdown

Small "riots" break out in Shanghai as residents who have been confined in their homes for three weeks show their frustration at China's draconian "COVID-zero" policy.

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Caixin Global

Shanghai Composite Index Fell 2.61% on Monday

Shenzhen Component Index closed down 3.67%

Reuters

Shanghai eases lockdown in some areas despite record COVID infections

China's financial centre of Shanghai started easing its lockdown in some areas on Monday despite reporting a record of more than 25,000 new COVID-19 infections, as authorities sought to get the city moving again after more than two weeks.

Asharq Al-Awsat

Oil Slides on Worries About Lockdowns in China, Release of Reserves

Oil prices slid more than $2 a barrel on Monday, following a second straight weekly decline after world consumers announced plans to release a record volume of crude and oil products from strategic stocks and as China lockdowns continued. Brent crude was down $2.32, or 2.3%, at $100.46 a barrel…

Asharq Al-Awsat

China Closes Guangzhou to Most Arrivals as Outbreak Spreads

The manufacturing hub of Guangzhou closed itself to most arrivals Monday as China battles a major COVID-19 surge in its big eastern cities. Shanghai has taken the brunt of the surge, with another 26,087 cases announced on Monday, only 914 of which showed symptoms. The city of 26 million is…

The Independent UK

China closes Guangzhou to most arrivals as outbreak spreads

The manufacturing hub of Guangzhou has closed itself to most arrivals as China battles a COVID-19 outbreak in its big eastern cities

The Guardian - AU

‘It feels like the end of the world’: Taiwan civilians practise for war as Ukraine revives China fears

Community groups use US army training videos to rehearse for disaster, yet the government is reluctant to support a civilian defence force

Al Jazeera

China’s prices surge past forecasts amid lockdowns, Ukraine war

Soaring factory inflation in world’s second-largest economy could spell more price rises worldwide.

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