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The Latest Breaking News from China

Ski's the limit: China's plan to build a winter sport culture

In China, all eyes are on the ongoing Winter Olympics. Although the Games have come under scrutiny for a number of reasons beyond sport, they are also the culmination of an impressive campaign to convert more than 300 million people into winter sport aficionados. Our correspondents report. We also speak…

France 24

Japan, U.S. eyeing China

The Japanese and U.S. governments are deepening efforts to beef up their capability to jointly deal with contingencies, with China's military ambitions in mind.

The Japan News/Yomiuri

Jaishankar heads for Quad meet with vaccines, tech, China on agenda

The MEA said four Foreign Ministers will “exchange views on regional strategic issues given their shared vision of a free, open and inclusive Indo-Pacific region.”

The Hindu

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Cost of living crisis hits household confidence; UK trade with Germany falls; FTSE 100 at two-year high – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK

Hanbok at Beijing Winter Olympics opening sparks South Korean anger

Appearance of traditional dress denounced as further attempt by China to appropriate Korean culture

The Guardian - UK

Shanghai Composite Index Rose 0.79% on Wednesday

Shenzhen Component Index closed up 1.55%

Caixin Global

Covid news: Sweden scraps almost all restrictions and testing despite pleas from scientists; Spain’s King Felipe tests positive – as it happened

Sweden scraps almost all of its few restrictions and stops most testing; Spain’s King Felipe tests positive after displaying mild symptoms

The Guardian - AU

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Chinese funding of sub-Saharan African infrastructure dwarfs that of West, says think tank

China's development banks provided $23 billion in financing for infrastructure projects in sub-Saharan Africa from 2007 to 2020, more than double the amount lent by such banks in the United States, Germany, Japan and France combined, a new study showed.

Reuters

Australia says it is not looking to rename Taiwan's de facto embassy

Australia is not looking at renaming Taiwan's de facto embassy in the country and remains committed to its one-China policy, foreign minister Marise Payne said on Wednesday, amid strain in diplomatic ties with Beijing.

Reuters

Blinken to meet Pacific islands leaders balancing China and west

U.S. Secretary of State Antony Blinken travels to Fiji on Saturday to reassure Pacific island leaders that Washington and its allies are committed to providing security and COVID vaccines, as China steps up its aid and influence in the region.

Reuters

Australia, Lithuania unite against Chinese economic coercion

Australian and Lithuanian foreign ministers have called on like-minded countries to join forces against Chinese economic coercion

The Independent UK

China snubs Australia's dual citizen plea

Foreign Minister Marise Payne says China is ignoring Australia's consular attempts to contact a detained dual national.

AAP

Somaliland pitches 'huge' oil and gas potential during Taiwan trip

Somaliland has "huge" investment potential in untapped oil and gas reserves, the foreign minister of Somalia's breakaway region told Taiwan President Tsai Ing-wen on Wednesday, pitching investment opportunities on a high-profile visit.

Reuters

Tesla Rival Xpeng Says Investor Reach To Increase In China As Its Stock Gets Included In Stock Connect Program

Xpeng Inc (NYSE: XPEV) said on Tuesday its ordinary shares, which trade on The Stock Exchange of Hong Kong Limited (HKEX), have been included in the Shenzhen-Hong Kong Stock Connect program and would help lift investor reach.

Benzinga

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The Guardian - AU

‘Gone ballistic’: lithium price rockets nearly 500% in a year amid electric vehicle rush

Labour shortages at West Australian mines contribute to rise but some analysts urge caution to investors

ABC News

Australia backs Lithuania over 'weaponised' economic sanctions from China due to Taiwan ties

Australia and Lithuania have both provoked the ire of Beijing in recent years, with the Chinese government targeting exports and industries with crippling sanctions and tariffs in what has been described as "economic coercion".

Los Angeles Times

Stephanie Yang: Life inside the Olympics bubble: Limbo between China and the world

BEIJING — Three rows of fencing, two guard patrols and multiple "no crossing" signs mark the ominous border between the 2022 Winter Olympics and the rest of its host city. It feels like a parallel universe of ID-assigned bar codes, throat swabs and room service delivered by swift staff wearing…

The Guardian - US

Winter Olympics 2022 day five – as it happened

Day five of XXIV Olympic Winter Games

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The Independent UK

Biden says China is ahead of Tesla with EV production, angering Elon Musk

Tesla boss has complained for months about lack of White House recognition

Chicago Tribune

Paul Sullivan: Just when I thought I could avoid watching the Olympics, Eileen Gu managed to pull me in

CHICAGO — Actor Dwayne “The Rock” Johnson narrated an inspirational video for NBC last weekend that introduced Team USA during the opening ceremony of the 2022 Beijing Winter Olympics.

Caixin Global

China to Issue Sweeping Standards for Fintech, Digital Currency

Central bank and three other financial regulators outline plan to forge an orderly growth track for digital currency, cross-border settlements, green finance

The Guardian - AU

Lower house sits late to continue religious discrimination bill debate – as it happened

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Tribune News Service

Jessie Diggins makes more U.S. Olympic history by skiing to freestyle sprint bronze

ZHANGJIAKOU, China — When she pushed her ski over the finish line, Jessie Diggins wasn't sure she had won a medal. She glanced up at the video screen and saw her name in third place, but she still wasn't ready to believe it.

The Independent UK

US general says Russia turmoil could spill to Middle East

The Army general tapped to take over as top U.S. commander in the Middle East is warning senators that if Russian invades Ukraine, it could create broader instability into the Middle East, including Syria

Benzinga

Why Alibaba And DiDi Global Shares Are Rising

Shares of several Chinese companies, including Alibaba Group Holding Ltd - ADR (NYSE: BABA) and DiDi Global Inc - ADR (NYSE: DIDI), are trading higher following news indicating China's state-backed investment

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