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The Latest Breaking News from China

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

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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

‘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

The Guardian - AU

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".

ABC News

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…

Los Angeles Times

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Winter Olympics 2022 day five – as it happened

Day five of XXIV Olympic Winter Games

The Guardian - US

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

The Independent UK

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.

Chicago Tribune

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

Caixin Global

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

Follow all the day’s news

The Guardian - AU

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.

Tribune News Service

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

The Independent UK

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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

Evening Standard

Winter Olympics 2022: China win big air gold as Britain suffer curling blow; latest news, results, medal table

China secured their third gold medal of the Winter Olympics in Beijing, as 18-year-old Eileen Gu delivered under huge pressure in the big air final.

The Independent UK

US to remind China of Pacific interests amid Ukraine tension

The Biden administration is making a push to remind China that the U.S. remains involved and active in the Indo-Pacific despite Washington's current preoccupation with a possible Russian invasion of Ukraine

The Guardian - UK

The Guardian view on Beijing’s Winter Games: a very political contest

Editorial: China says the Olympics must be about sport alone. But the party is using this event to send its own message

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The Hindu

Step up agri-spending, boost farm incomes

India’s poor AOI is a stark reminder of the need to attain a key sustainable development goal of higher agri-growth

Benzinga

Analysts Cut Price Target For Gates Industrial Post Q4 Results

Analysts lowered the price target for Gates Industrial Corp PLC (NYSE:GTES) post Q4 results. Morgan Stanley analyst Joshua Pokrzywinski lowered the price target to $17 (an upside of 12%) from $18 and maintained an Equal-Weight rating on the shares. Keybanc analyst Jeffrey Hammond reduced the price target to $20 (an upside of 31.7%) from $22 and kept…

Benzinga

It's 'Lights, Camera And Some Action' For Imax China After Strong Holiday Box Office

Key Takeaways:

The Independent UK

Winter Olympics: Eileen Gu dodges questions on whether she renounced US citizenship for China

Gu announced her allegiance to China at 15, but the country does not allow dual citizenship

The Independent UK

Zhu Yi: Who is the Chinese figure skater facing brutal trolling at the Winter Olympics in Beijing?

California-born star suffers nightmare start on the ice

Reason

George Washington University Backpedals After Agreeing To Investigate Critics of China

"Upon full understanding, I do not view these posters as racist; they are political statements," said university president Mark Wrighton.

Daily Mirror

Newly leaked video shows stealth fighter exploding into flames in aircraft carrier crash

Seven people were injured when an F-35C, the newest fighter in the US Navy fleet which costs around £100million, crashed off the USS Carl Vinson into the South China Sea

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