The Latest Breaking News from China

2 Chinese Stocks to Consider as Delisting Worries Abate

Concerns over the delisting of a few Chinese companies by U.S. regulators sparked panic among investors last month, resulting in significant price dips in Chinese stocks. However, since China has agreed to fulfill the audit requirements imposed by U.S. authorities, easing delisting concerns, we think it could be fruitful to…

StockNews.com · Apr 6, 2022

China accuses US, UK and Australia of trying to build Asia-Pacific NATO

China says the recently created AUKUS security alliance and its pursuit of hypersonic weapons risks undermining peace and stability in the Asia-Pacific.

ABC News · Apr 6, 2022

Tesla's Shanghai Factory Remains Closed Amid Covid-19 Surge

Tesla Inc (NASDAQ:TSLA) factory shutdown has stretched out to at least 12 days as Shanghai's Covid-19 lockdown disrupts businesses in China's financial hub, Bloomberg reports. The factory lockdown, which began on March 28, will remain closed through Thursday, making Tesla lose 12 days of production in recent weeks. The most sought-after semiconductors are…

Benzinga · Apr 6, 2022

Australian spy chiefs meet with Solomon Islands PM Sogavare over draft security deal with China

Two of Australia's top intelligence chiefs have quietly travelled to Solomon Islands to meet Prime Minister Manasseh Sogavare and raise the Morrison government's deep concerns over the country's planned security agreement with China.

ABC News · Apr 6, 2022

To understand why Biden extended tariffs on solar panels, take a closer look at their historical impact

President Joe Biden extended tariffs on imported solar panels in February 2022 in a bid to protect domestic manufacturing. These tariffs add a 14%-15% tax on cheaper imports, raising their cost in the U.S. At the same time, the Biden administration is urging an expansion of renewable energy and energy…

The Conversation · Apr 6, 2022

Citi Slashes Alibaba's Price Target By 12% As COVID Resurgence Looks To Dampen Growth

Citi analyst Alicia Yap lowered the price target on Alibaba Group Holding Ltd (NYSE:BABA) to $177 from $200 (59.5% upside) and kept a Buy rating on the shares.  Amid the widening spread of COVID cases and city lockdowns, the analyst thinks overall economic activities in China have been negatively affected, which has drained Alibaba's profit…

Benzinga · Apr 6, 2022

The Daily Biotech Pulse: BioXcel's Igalmi Gets FDA Nod, Citius Spikes On Positive Phase 3 Data, Iovance Receives Positive Regulatory Feedback For Skin Cancer Therapy

Here's a roundup of top developments in the biotech space over the last 24 hours.

Benzinga · Apr 6, 2022

CATL To Open 8 GWh Battery Cell Plant In Germany Later This Year

Expected to employ 1,500 people when it opens before the end of 2022, CATL's new battery cell plant is its first one outside China.

InsideEVs · Apr 6, 2022

China relies on traditional medicine to fight COVID surge in Shanghai

Shanghai is distributing to residents millions of boxes of traditional Chinese medicine (TCM), such as herbal products and flu capsules, which it says can treat COVID-19 in the battle to control its largest virus outbreak.

Reuters · Apr 6, 2022

Explainer-Hong Kong No. 2 official announces bid for leadership election

Hong Kong's deputy leader, former police officer John Lee, announced on Wednesday that he plans to run for the city's top job, which could see Beijing signing off on the first security official to run the global financial hub.

Reuters · Apr 6, 2022