China Puts Property Tax Pilot Expansion on Hold to Ease Market Jitters The conditions for expanding the program ‘are not available this year considering all aspects of the situation,’ finance ministry says Caixin Global · Mar 16, 2022
How far is China willing to go in its support for Russia in Ukraine crisis? If China supports Russia in its aggression against Ukraine, it will face international criticism and severe sanctions. Is Chinese President Xi Jinping aware of the high cost that Beijing would pay? The Japan News/Yomiuri · Mar 16, 2022
Global Efforts To Reduce Semiconductor Dependence Will Further Exacerbate Crisis: Bloomberg Growing efforts from the U.S. and Europe to consolidate their semiconductor supply chains to compete with China could backfire due to the political strings attached to the aid, Bloomberg reports. The downside includes insufficient and ill-timed government aid and different parts of the world striving to secure supplies while championing domestic… Benzinga · Mar 16, 2022
Volkswagen Aero B Concept Debuts In April With 435 Miles Of Range First deliveries start in the second half of 2023, initially in China. Motor1 · Mar 16, 2022
Alibaba Looks To Slash Workforce By 30% After Its MMC Division Decides To Lay off 20% Employees Alibaba Group Holding Ltd (NYSE:BABA) and Tencent Holdings Ltd (OTC:TCEHY) employees saw a job cut of 30%, the Print reports as per speculation on Weibo Corp (NASDAQ:WB). Internal speculation among employees was that Alibaba looked to lay off 30% of its employees while Tencent between 10% - 30% of its employees. Tencent started layoffs within small business… Benzinga · Mar 16, 2022
Here's Why Alibaba And Other Chinese Stocks Are Trading Higher Premarket China's top financial policy body swore to ensure stability in capital markets, support overseas stock listings, resolve risks around property developers and complete the crackdown on Big Tech "as soon as possible," Benzinga · Mar 16, 2022
Once again, America is in denial about signs of a fresh Covid wave In the past couple of weeks, UK, Germany, France and others are experiencing a new wave. The US should get ready The Guardian - US · Mar 16, 2022
Dada Nexus Provides COVID Self-Test Kits Online In China China-based Dada Nexus Ltd (NASDAQ:DADA) said its local on-demand retail platform, JDDJ, will start booking COVID antigen self-test kits online. Consumers can start to book self-test kits by searching on the platform or entering the epidemic prevention section of the medical channel. JDDJ will provide one-hour home delivery services in partnership with chain pharmacies… Benzinga · Mar 16, 2022
Making endless war great again The doctrine of perma-war dominated the world for 40 years. Thanks to Putin, the U.S. and the arms biz, it's back Salon · Mar 16, 2022
UN Extends S. Sudan Peacekeeping Mission for One Year The UN Security Council voted Tuesday to prolong its peacekeeping mission in South Sudan for one more year, after Russia and China chose to abstain. The Council's 13 other members all voted in favor of the resolution, which extends the UN Mission in South Sudan (UNMISS) until March 15, 2023… Asharq Al-Awsat · Mar 16, 2022
Commentary: Why so many countries want to sit out the new cold war “Democracies are rising to the moment,” U.S. President Joe Biden said in his State of the Union address, as Russian President Vladimir Putin unleashed his vicious war on Ukraine. Francis Fukuyama leads a band of commentators claiming that the “spirit of 1989” is back and we are about to witness… Tribune News Service · Mar 16, 2022
Trudy Rubin: The best way to stop China from aiding Russia is for the US to help Ukraine The Biden administration hoped it could focus on China and not worry about Russia. But the war in Ukraine has proved this was a fantasy as China considers sending military and economic aid to Russia. The Philadelphia Inquirer · Mar 16, 2022
Pandemic postcard: COVID outbreak leaves Hong Kong in limbo As a COVID-19 outbreak overwhelms Hong Kong, it’s hard for its 7.4 million residents to know what’s next The Independent UK · Mar 16, 2022
Marcos to sustain Philippines’ US ties, careful on China row Philippine presidential frontrunner Ferdinand “Bongbong” Marcos Jr said he will continue the nation’s alliance with the US, and will carefully tread the South China Sea dispute with Beijing. Bangkok Post · Mar 16, 2022
The Independent UK · Mar 16, 2022 China seeks to calm markets with promise of economic support China’s leaders are trying to calm jittery investors by promising more help for its struggling real estate industry, internet companies and entrepreneurs who want to raise money abroad
The Guardian - AU · Mar 16, 2022 ‘An abomination’: Morrison signals sanctions against China if it helps arm Russia PM says Australia ‘will move in lockstep’ with allies on sanctioning the country’s largest trading partner
Asharq Al-Awsat · Mar 16, 2022 China Boosts Bed Spaces as Omicron Outbreak Spreads China has moved to free up hospital beds as officials on Wednesday reported thousands of new cases from an Omicron-led coronavirus outbreak that has put millions under lockdown and raised fears for the health system. The country recorded 3,290 new Covid-19 cases on Wednesday, including 11 severe cases, AFP reported.…
Benzinga · Mar 16, 2022 Tesla Said To Halt Production In China For 2 Days Amid COVID-19 Outbreak Tesla Inc. (NASDAQ: TSLA) has halted production at its Shanghai gigafactory for two days, Reuters
Benzinga · Mar 16, 2022 Volkswagen CEO Herbert Diess Says China's Nio And Xpeng Are 'Very Serious Competitors' Volkswagen Group (OTC: VWAGY) considers China-based electric vehicle makers Nio Inc (NYSE: NIO) and Xpeng Inc (NYSE:
Reuters · Mar 16, 2022 Analysis-China's COVID governance under pressure as Omicron spreads China's public health governance is expected to come under acute pressure in coming weeks as the biggest wave of COVID-19 cases since the 2020 Wuhan outbreak stretches medical resources, tests the country's ability to contain infections and strains the economy.
Daily Mirror · Mar 16, 2022 Nuclear war ‘steps away’, warns RAF chief, while China 'willing to help Russia' RAF's Air Marshal Edward Stringer CBE has said that a nuclear war may be "just a few steps away" while at the same time there is fear that China could provide military support to Russia
Caixin Global · Mar 16, 2022 Shanghai Composite Index Rose 3.48% on Wednesday Shenzhen Component Index closed up 4.02%
Reuters · Mar 16, 2022 China's Jilin province in 'last ditch' COVID battle-party official China's Jilin province was "in a last-ditch battle" against COVID-19, according to a senior Communist Party official, as the northeastern region bordering North Korea and Russia accounted for three-quarters of China's total new cases on Wednesday.
Bangkok Post · Mar 16, 2022 Vietnam to diversify sources of industry materials over China Covid curbs HANOI: Vietnam plans to diversify the sources of materials needed to supply the country's manufacturing sector due to tighter Covid-19 curbs in China, Industry and Trade Minister Nguyen Hong Dien said during a parliament meeting on Wednesday.
Benzinga · Mar 16, 2022 Nio Beats Xpeng, BYD, Tesla To Become The Top Quality Vehicle In China: Here's What Helped It U.S.