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The Latest Breaking News from China

EV Week In Review: Tesla Bets Big On China, Lucid Hit With Recall Woes, Li Auto Surprises With Quarterly Profit, Ford Puts to Rest Spin-off Talks And More

EV shares had a mixed ride in the week ending February 25, as the Ukrainian conflict kept risk aversion going in the markets. Market leader Tesla, Inc. (NASDAQ: TSLA) continued to bleed during the week, having dropped to a psychological support of around $700, its lowest level since August 2021.

Benzinga

Weekly Must-Read: How the Balance of Power Over Ukraine Shattered Overnight

China urges restraint after Putin recognizes the independence of two separatist regions established by pro-Russian forces

Caixin Global

Russia's Ukraine attack forces Beijing into diplomatic dance

Russia's attack on Ukraine, which China refuses to condemn or even call an invasion, has sent Beijing into a diplomatic scramble to limit blowback while standing by a partner with which it has grown increasingly close in opposition to the West.

Reuters

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Invisible threats / Japan seeks to prevent outflow of technology

This is the fourth installment in a series that explores Japan's vulnerabilities in areas including the protection of vital information and supply networks, prompting the Japanese government to expedite efforts to pass an "economic security promotion law."

The Japan News/Yomiuri

China says U.S. warship sailing in Taiwan Strait 'provocative'

A U.S. warship sailed through the sensitive Taiwan Strait on Saturday, part of what the U.S. military calls routine activity but which China described as "provocative".

Reuters

Japan worried about Russian invasion causing East Asian security concerns over China

The possible impact on East Asia's security environment stemming from Russia's invasion of Ukraine is making the Japanese government increase its vigilance.

The Japan News/Yomiuri

China is Russia's best hope to blunt sanctions, but wary

China is the only friend that might help Russia blunt the impact of economic sanctions over its invasion of Ukraine, but President Xi Jinping’s government is giving no sign it might be willing to risk its own access to U.S. and European markets by doing too much

The Independent UK

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Russia vetoes UN resolution condemning its own invasion of Ukraine

WASHINGTON — Russia stood alone Friday to veto a U.N. resolution condemning its “brutal” invasion of Ukraine, killing the measure — for now. But all other members in the solemn session of the U.N. Security Council either voted in favor or abstained, testament to rounds of intensive diplomatic pleas by…

Los Angeles Times

Mapped: 87 countries condemn Russia's invasion of Ukraine at the UN

China, India and the UAE abstained from the vote.

Axios

Russia vetoes UN demand that Russia stop attacking Ukraine

Russia has vetoed a U.N. Security Council resolution demanding that Moscow immediately stop its attack on Ukraine and withdraw all troops, a defeat the United States and its supporters knew was inevitable but sought to highlight Russia’s global isolation

The Independent UK

Russia vetoes UN resolution condemning its own invasion of Ukraine

Los Angeles Times

Australia plans to join allies in personally sanctioning Putin and says expulsion of Russian diplomats a ‘live option’

Marise Payne flags further action over Russia’s invasion of Ukraine after allies announce they will personally sanction Vladimir Putin and Russia’s foreign affairs minister, Sergei Lavrov

The Guardian - AU

Russian threat is forcing a rewrite of US defense plans

WASHINGTON — Russia’s invasion of Ukraine will trigger a revision of U.S. defense strategy and budgets, experts say.

Tribune News Service

Russia vetoes UN resolution telling Moscow to stop Ukraine invasion

China, India and United Arab Emirates all abstain on vote

The Independent UK

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Daily Mirror

China begins to turn on Putin as it calls for Russia to 'negotiate' with Ukraine

President Xi Jinping is said to have told Vladimir Putin in a phone call that China supports under siege Ukraine and wants Russia to resolve 'the issue' through negotiations

Reuters

Russia vetoes U.N. Security action on Ukraine; China, India abstain

Russia vetoed a draft U.N. Security Council resolution on Friday that would have deplored Moscow's invasion of Ukraine, while China abstained from the vote - a move Western countries view as a win for showing Russia's international isolation.

ABC News

Vladimir Putin to face personal sanctions from Australia, as it plans to join international punishment

The Foreign Minister says biting sanctions are planned for Vladimir Putin, as the Russian President presses forward with his invasion of Ukraine.

Reuters

China's Xi, in message to N.Korea's Kim, vows cooperation under 'new situation' -KCNA

Chinese President Xi Jinping stressed to North Korean leader Kim Jong Un the significance of cooperation between the two countries, North Korea's state media KCNA reported on Saturday.

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Benzinga

Why Is India Taking A Soft Stance On The Ukrainian Crisis?

Western nations have joined hands to adopt a hard stance against Russia's invasion of Ukraine.

Bangkok Post

Understanding China since Nixon

On Feb 21, 1972, Richard Nixon became the first US president to visit the People's Republic of China, setting in motion a process that would end China's decades-long isolation and kick-start the emergence of a modern, dynamic economy. But, despite the seismic economic changes in China in the intervening half-century,…

Caixin Global

Update: Xi Speaks to Putin by Phone, Urges Negotiation Over Ukraine

Russian president reiterates grievance about NATO expansion, but says Moscow is willing to negotiate with Kyiv

Reuters

China says it respects Ukraine's sovereignty and Russia's security concerns

Chinese Foreign Minister Wang Yi told senior European officials on Friday that China respects countries' sovereignty, including Ukraine's, but that Russia's concerns about NATO's eastward expansion should be properly addressed.

The Hindu

Inflection point for the West-led global order

Its future will be defined by how it responds to the crisis in Ukraine, and in the shadow of growing Russia-China ties

The Guardian - AU

From a China frenzy to casual transphobia, PM is on the hunt for disaffected but highly motivated voters

Scott Morrison has spent the past week hot on the trail of two wars – one lethal, the other cultural – as he tries to sniff out a path to election victory

Al Jazeera

China’s Xi speaks to Putin; calls for ‘negotiation’ with Ukraine

Chinese president says ‘China supports Russia and Ukraine to resolve the issue through negotiation.’

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