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The Latest Breaking News from China

Apple Becomes The Top Smartphone Vendor In China For The First Time In 6 Years

As Apple, Inc. (NASDAQ: AAPL) gears up to release its December quarter earnings scorecard, a data point released Wednesday increases confidence in a strong showing.

Benzinga

New Energy Lands as Hottest Category Among Chinese Concept Stocks in 2021 – Bamboo Works Special Report

Investors kept a close look at China’s solar and wind power stocks last year, but were least interested in the hobbled education sector By Bamboo Works team

Benzinga

Micron To Shut Shanghai DRAM Design Operations, Relocate Engineers: Report

U.S. memory chip giant Micron Technology Inc (NASDAQ:MU) has confirmed it will close its DRAM design operations in Shanghai by 2022 end, SCMP reports. Micron looks to ask ~150 Chinese engineers to relocate to the U.S. or India. Micron, which employs about 43,000 people globally, did not provide a reason for the decision.…

Benzinga

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Full Truck Alliance Travels Bumpy Road Through Pandemic, Regulatory Wave

Key takeaways: Full Truck Alliance said its fourth quarter fulfilled orders rose 41.6%, slowing from 78.4% growth in the previous quarter Growth comes as other major companies report business contractions in China due to Covid-control disruptions By Doug Young

Benzinga

Huazhu Ends 2021 with Omicron Hit, Seen Lingering Into 2022

Key takeaways: Huazhu Group is predicting greater uncertainties for its hotels in the first quarter as a result of the recent Covid resurgence and resulting travel restrictions The company has pivoted to focus on quality over quantity growth, in an unexpected shift for some analysts By Lau Ming

Benzinga

Fight Club author Chuck Palahniuk responds to China’s amended version: ‘Everyone gets a happy ending in China!’

Cult classic has been altered for Chinese audiences to remove the film’s explosive ending

The Independent UK

3 Chinese Stocks to Consider After China Cuts Rates: NetEase, FinVolution, and Weibo

China’s central bank recently cut its one-year loan prime rate amid concerns about a recession. This precipitated a rally in Asia-Pacific stocks. Moreover, due to the central bank’s policy easing, the Chinese economy is expected to rebound this year. Hence, we think fundamentally sound Chinese stocks NetEase (NTES), Weibo (WB),…

StockNews.com

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Unlike Senate, House Democrats make climate push in China bill - Roll Call

The House version of a sprawling technology draft bill incorporates a host of climate-related provisions not included in the Senate version.

Roll Call

Analysts Cut Alibaba Price Target Ahead Of Quarterly Results; Remain Bullish

Analysts cut their price targets on Alibaba Group Holding Ltd (NYSE:BABA) ahead of its quarterly results. However, they continue to see double-digit upside in the stock. Stifel analyst Scott Devitt lowered the price target on Alibaba to $150 from $170 (28% upside) and reiterated a Buy rating. The re-rating follows the previewed results for his…

Benzinga

Turning a blind eye to the greatest threats to global stability in half a century

The resumption of Northern Hemisphere travel, Russian troops on the Ukraine border, and China' s skirmishes with Taiwan – the NZ public and mainstream media show a strange lack of interest.

Newsroom.co.nz

House competition bill includes more trade aid for workers - Roll Call

House Ways and Means Committee Democrats offer a sweeping competition bill to expand the Trade Adjustment Assistance program.

Roll Call

COVID pandemic hasn’t slowed China’s love for US lobster

The lobsters are especially sought after in winter because they are a popular delicacy on Chinese New Year, which is Feb. 1 this year.

Chicago Sun-Times

If This Is How America COMPETES, We're Going to Lose

Plus: College students and speech, state-funded pre-K fail, and more...

Reason

Australian Open lift ban on fans' Peng Shuai protest shirts after furious backlash

Australian Open organisers have come under scrutiny after forcing spectators to remove their Peng Shuai protest shirts before entering Melbourne Park

Daily Mirror

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Benzinga

Why Does David Mann Anticipate 'Flattish' Growth For China In 2022?

On CNBC, David Mann of the Mastercard Economics Institute said China is facing challenges due to its property sector not performing well, so the ability to stimulate growth is not strong. He added that the desire for economic growth above the long-term normal isn’t particularly strong as well.

The Independent UK

China blasts US over reports of withdrawing diplomatic staff

China says it has expressed serious concerns and dissatisfaction with the United States over reports of an internal request to the State Department to allow the departure of diplomats and their families from China amid tightening anti-pandemic measures

The Independent UK

International alliance of western MPs calls for China blacklists over Uyghur ‘atrocities’

Demands came following reports that HSBC holds shares in Chinese firm linked to abuse

Reuters

Chinese air force incursion of Taiwan not conducive to peace, UK PM says

An incursion of Taiwan's air defence zone by China's air force is not conducive to peace and stability in the region, British Prime Minister Boris Johnson said on Wednesday.

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Asharq Al-Awsat

Beijing City’s COVID Infections Rise ahead of Winter Olympics

Beijing reported 14 local confirmed COVID-19 cases on Wednesday, the highest daily count in its current outbreak, less than two weeks before the Winter Olympics are due to commence in the Chinese capital and in neighboring Hebei province. The number of domestically spread infections with confirmed symptoms in Beijing reported…

The Guardian - UK

First Thing: Biden threatens Putin with personal sanctions over Ukraine

US makes preparations to avoid European gas crisis if flow from Russia is cut, while talks aimed at defusing tensions continue. Plus, 224 new species found

Caixin Global

Ministry Warns China’s Export Growth Faces ‘Unprecedented Difficulties’

While momentum might be lost, the country will focus on improving the quality of foreign trade this year, while maintaining growth in a ‘reasonable range,’ Ministry of Commerce official says

Dynamite News

Indian Embassy in Beijing celebrates 73rd Republic Day

The Embassy of India in China celebrated India's 73rd Republic Day on Wednesday.

Tribune News Service

Review: 'Thank You, Mr. Nixon,' by Gish Jen

Intricately enmeshed stories examine personal ties between families in China and the United States over the past 50 years.

The Independent UK

Keanu Reeves faces backlash from Chinese nationalists over Tibet benefit concert

‘Matrix Resurrections’ performed underwhelmingly in China with a $7.5m ( £5.5m) opening weekend, as some attributed it to Reeves’ participation in the concert

Caixin Global

Opinion: China’s Factories Are Still Indispensable to the U.S.

Demand for Chinese goods will remain strong in 2022 due to weak manufacturing recovery, inflationary pressure, and continuing economic uncertainty in the U.S. due to fresh Covid outbreaks

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