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The Latest Breaking News from China

Hong Kong govt 'strongly opposes' UK, US report on city's diminishing freedoms

Hong Kong's government said on Friday it rejected "unfounded and ridiculous" allegations made in policy reports from Britain and the United States of a deteriorating political and legal situation due to the city's sweeping national security law.

Reuters

China tells EU it will pursue Ukraine peace in its own way

China offered the European Union assurances on Friday that it would seek peace in Ukraine but said this would be on its own terms, deflecting pressure for a tougher stance towards Russia.

Reuters

China’s crackdown on Hong Kong democracy intensified, US says

China’s crackdown on democracy in Hong Kong intensified in the past year as authorities blocked the pro-democracy opposition from playing a meaningful role in the city’s governance while criminalizing peaceful political expression, according to a U.S. State Department report released on Thursday.

Tribune News Service

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Verdict delayed in secretive Beijing trial of Australian

A Chinese court has deferred its verdict in the closed-door trial of Australian journalist Cheng Lei, who has been held in China since August 2020.

The New Daily

China And US Are Largest Car Markets In 2021, Italy Falls From Top 10

Volatility in manufacturing is affecting all major markets.

Motor1

Government defends China pact intelligence

Morrison government ministers and officials have given conflicting views on how prepared they were for a concerning deal between China and the Solomon Islands.

AAP

China’s Deposit Insurance Fund Had $15.14 Billion Balance at Year-End

Central bank reports that more than 4,000 lenders paid $7.35 billion in premiums last year to insure deposits

Caixin Global

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Tencent's WeChat Suspends NFT Accounts To Appease Chinese Regulators

Tencent Holdings Ltd's (OTC:TCEHY) WeChat messaging app suspended some non-fungible token accounts to comply with China's regulatory bindings, CNBC reports. Tencent also rectified the public accounts on WeChat to prevent speculation risks in digital currency transactions. WeChat clarified that the official accounts verified by Tencent can display digital collectibles but cannot offer…

Benzinga

White House says the US has evidence that the war against Ukraine has been ‘a strategic disaster’ – as it happened

Germany, France and the UK reject Russia’s demand to pay for gas in roubles; Kremlin announces further sanctions for EU leaders

The Guardian - UK

Opinion: In Crisis Mode, Shanghai Should Stick to Zero-Covid Approach

A UCLA professor’s long-term coexistence plan won’t help and could hinder Shanghai’s response to the current crisis, a Zhejiang University professor argues

Caixin Global

Morning mail: fears over China and Russia, Mariupol evacuation attempt, Australians wait for excise cut

Friday: EU leaders urged to tell China it will face sanctions if it offers military aid to Russia. Plus: what’s new to streaming in Australia this April.

The Guardian - AU

An opportunity to repolish India-Nepal ties

Prime Minister Sher Bahadur Deuba’s India visit should be used as a chance to recast power and trade links

The Hindu

ASL Orders Up To 20 Additional 737-800 Boeing Converted Freighters

ASL Aviation Holdings has agreed with Boeing Co (NYSE:BA) to order up to 20 additional 737-800 Converted Freighters (BCF). The agreement constitutes 10 firm orders and 10 purchase rights. Financial terms were not disclosed. The order brings ASL's total 737-800BCF orders and commitments with Boeing to 40 aircraft. Boeing will convert the aircraft at…

Benzinga

Can India stay out of it? While West sanctions Russia, Delhi maintains historic ties

It's that old adage: your friends' friends are not always your friends. Over the years, India has drifted towards the United States, partly due to its border tensions with China. But even the invasion of Ukraine cannot break the historic ties binding Delhi to Moscow – from arms and oil…

France 24

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Benzinga

Maoyan Springs Back on Rebounding China Box Office

Key takeaways: Maoyan Entertainment returned to profitability last year as China’s movie industry bounced back from pandemic lows in 2020 The company is transitioning from online ticket seller to a wider range of film-related services, including a fast-growing content production and distribution business By Lau Ming

Benzinga

Domino's China Operator DPC Dash Delivers Hong Kong IPO

Key takeaways: Domino’s China operator DPC Dash has filed for a Hong Kong IPO that could raise up to $100 million and value the company at around $500 million Company has cashed in on China’s recent shift to takeout dining, posting 18.7% same-store sales growth last year By Doug Young

The Independent UK

Call for action to increase take-up of Chinese Studies at UK universities

Researchers have said a new A-level in Chinese Civilisation could boost enrolment in Chinese courses at universities.

The Hindu

U.S. Deputy NSA cautions India against trade deals with Russia

Daleep Singh warns India of ‘consequences’.

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Benzinga

Baidu, iQIYI Explore Options After US SEC Added Them To Provisional List Pending Audit Review

Baidu Inc (NASDAQ:BIDU) explored options after the U.S. SEC added the Chinese search engine giant to a list of companies that faced delisting concerns, Reuters reports. Beijing refused to permit U.S. officials to review their auditors' work, Bloomberg reports. A 2020 U.S. law mandated a three-year clock for firms to comply with inspection…

Tribune News Service

China signs deal with Cambodia's army

The Chinese and Cambodian armies have signed a memorandum of understanding, as Beijing seeks to deepen regional security ties amid increasing competition with the U.S.

The Independent UK

Cheng Lei: Chinese-born Australian journalist put on closed-door trial for spying

Australia has raised concerns over the trial’s validity as it was conducted behind closed doors

Caixin Global

China’s Real Estate Woes Eat Into Vanke’s Earnings

Chairman Yu Liang attributed a 45.7% profit plunge to dwindling margins, falling returns on investment

The Guardian - UK

EU leaders urged to be tough on China if it backs Russia in Ukraine

Bloc pressed to threaten sanctions at summit on bilateral relations amid concern about authoritarian alliance

The Times of India

Xi keeps China investors guessing with mystery Politburo meeting

NEW DELHI: Investors looking for signals on China’s plans to tackle Covid-19, the economic slowdown or Russia’s war in Ukraine were left disappointed this week, when the Communist Party’s Politburo released a mysteriously brief statement from its latest meeting.

Caixin Global

Analysts Cut Estimates for China’s GDP Growth Amid Covid Surge

First-quarter expansion could be as much as 1.5 percentage points lower than original forecasts

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