The Latest Breaking News from China

Analysis: China’s Fiscal Spending Will Reach a Record High in 2022

Three main tools to be used are infrastructure investment, transfer payments, and tax cuts and refunds

Caixin Global · Mar 15, 2022

Russia Ukraine War Advisory

Russian bombs struck residential areas in Ukraine's capital where leaders of three EU nations planned to meet with top leaders in a symbolic show of support for the embattled nation.

The Independent UK · Mar 15, 2022

China's Fintech Specialist Sees Digital Yuan Challenging US Dollar

Richard Turrin sees China's nascent digital yuan challenging the U.S. dollar's dominance of international trade settlements in the next decade, CNBC reports. Turin admitted that the world's second-largest economy was currently ahead in all financial technology by a decade while the U.S. would take "easily another five years" to get out…

Benzinga · Mar 15, 2022

China says it's 'impartial' on Ukraine, denies aiding Russia

China says its stance on the conflict in Ukraine is “completely objective" and “impartial” and is repeating its accusations that the U.S. is spreading misinformation with reports that Beijing has responded positively to a Russian request for military supplies

The Independent UK · Mar 15, 2022

The tech industry's dream of one global market is dying

Tensions with China, a global pandemic, and now war in Ukraine are making it harder than ever to "scale."

Axios · Mar 15, 2022

Russia fires official who said China refused to supply aircraft parts

Russian aviation authorities have fired an official who said last week that China had refused to supply Russian airlines with aircraft parts in the wake of Western sanctions, the Kommersant newspaper reported on Tuesday, citing sources and the official.

Reuters · Mar 15, 2022

EXPLAINER: How plausible is Chinese military aid for Russia?

The U.S. says Russia has asked China to provide military equipment to assist with its war in Ukraine and that China has responded affirmatively

The Independent UK · Mar 15, 2022

Chinese markets slump over fears of how Covid-19 lockdowns will hurt economy

Stock markets in Shanghai and Hong Kong slumped on Tuesday, as investors fear the impact of the latest Covid-19 lockdowns on China's economy. Nearly 30 million people are now living under restrictions in the country, including in the technology manufacturing hub of Shenzen. Also today, Volkswagen has suspended production of…

France 24 · Mar 15, 2022

Oil Tumbles to 2-Week Low on Ukraine Talks, Fears over China Demand

Oil prices extended losses on Tuesday, sliding to a two-week low as ceasefire talks between Russia and Ukraine eased fears of further supply disruptions and surging COVID-19 cases in China fueled concerns about slower demand. Brent futures dropped $5.95 or 5.6% to $100.95 a barrel by 0747 GMT after tumbling…

Asharq Al-Awsat · Mar 15, 2022

The global economic outlook depends on geopolitics

Events in Russia and China make for an unsettled economic moment

Axios · Mar 15, 2022