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The Latest Breaking News from China

Liz Truss: why EU praise for foreign secretary may be unwanted

Analysis: minister has been attacked in Chinese media, but Maroš Šefčovič’s warm remarks could be of more concern

The Guardian - UK

After Major Rebrew, Is Luckin Seeking To Re-list In New York?

Key takeaways:

Benzinga

Tucker Carlson defends Russia again: ‘Why is it disloyal to side with Russia but loyal to side with Ukraine?’

Fox News host has several times said he is ‘confused’ about why the US is siding with democratic Ukraine over authoritarian Russia

The Independent UK

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DOJ's China Initiative under scrutiny as cases fall apart

The China Initiative's flaws may be overshadowing the problem it was intended to address.

Axios

Supply-chain snafus renew interest in reviving US manufacturing. Some analysts aren't so sure

Michael Araten knows a thing or two about bringing manufacturing back to the United States. Araten and his company, the Rodon Group, got many accolades and a visit from President Barack Obama a few years ago after shifting assembly of its K'nex brand of plastic construction toys from China to…

The Philadelphia Inquirer

Ecuador's president wants to untie oil output from debt on China visit

Ecuador's President Guillermo Lasso said on Tuesday he will seek to disconnect the handover of crude from outstanding debt to China during a visit to the Asian country next month, part of his plan to renegotiate some $4.1 billion in debt.

Reuters

Lithuania considers modifying Taiwan representation name to defuse row with China

Lithuanian officials, seeking to defuse a row with China, are discussing whether to ask their Taiwanese counterparts to modify the Chinese translation of the name of Taiwan's de-facto embassy in Vilnius, two sources told Reuters.

Reuters

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Recovery disrupted: IMF cuts global economic growth forecast

Cut to global forecast largely reflects downward revisions to US and China outlooks.

Al Jazeera

From sanctioning a refugee team to letting China host: Does the International Olympic Committee support human rights?

The International Olympic Committee’s (IOC) position on refugees is contradictory and confusing.

The Conversation

Republicans probe NBC over Beijing Olympics coverage

The human rights abuses committed by the CCP have been the subject of intense scrutiny ahead of the Winter Games.

Axios

Iran's cost-of-living squeeze belies push for economic self-reliance

Every day Mohammad Hosseini feels squeezed by Iran's soaring prices, his experience of hardship at odds with a rosy official target of 8% economic growth even with U.S. sanctions still in place.

Reuters

Victoria's Secret Forms JV With Regina Miracle For China Business

Victoria's Secret & Co (NYSE:VSCO) has formed a joint venture (JV) with Regina Miracle International (Holdings) Limited to operate all its stores and the related online business in China. Victoria's Secret will receive $45 million in cash from Regina Miracle as consideration for the investment in the JV. Under the agreement, Victoria's Secret…

Benzinga

Inflation and Omicron will dent world growth in 2022, says IMF

Global growth downgraded to 4.4% as body predicts especially marked slowdown for US and China

The Guardian - UK

Seven US sailors injured after jet’s ‘landing mishap’ in South China Sea

Pilot safely ejected from the jet and was recovered via US military helicopter

The Independent UK

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Caixin Global

China’s Environmental Watchdog Tells Local Authorities to Ensure Clear Skies During Winter Olympics

Proposed measures including curtailing operations of polluting companies and movement of vehicles to avert air pollution

Benzinga

Wells Fargo Sees 20% Upside In This Footwear Brand - Read Why

Wells Fargo analyst Kate Fitzsimons upgraded Nike Inc (NYSE:NKE) to Overweight from Equal Weight with an unchanged price target of $175, implying a 19.86% upside. Fitzsimons noted the stock's 12% year-to-date decline presents a "rare buying opportunity for this best-in-class global athletic name." The analyst expects accelerating trends for Nike in fiscal 2023, and recent…

The Independent UK

Abrupt lockdowns loom over Beijing life ahead of Olympics

Beijing residents are coping with abrupt local lockdowns and sweeping COVID-19 testing requirements as the Chinese capital seeks to prevent a coronavirus outbreak ahead of the opening of the Winter Olympics in less than two weeks

Al Jazeera

Concerns as China builds bridge on lake at disputed India border

Construction of the bridge across Ladakh’s Pangong Lake comes amid military standoff between the two nuclear powers.

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news in one place.

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Benzinga

EVs To Drive Growth In China Auto Market This Year, Says Rating Agency Fitch

Rating agency Fitch said on Tuesday it expects electric vehicles to remain a key growth driver in China’s car market. What Happened: Fitch Ratings said EV volumes in China could reach 20% of the total share this year, up from 15.5% in 2021.

Asharq Al-Awsat

China Gives 'Fight Club' New Ending Where Authorities Win

The first rule of Fight Club in China? Don't mention the original ending. The second rule of Fight Club in China?

Reuters

China's Xi meets with IOC's Bach in Beijing ahead of Games

Chinese President Xi Jinping met with International Olympic Committee (IOC) President Thomas Bach on Tuesday, just over a week before the start of the Winter Games, in a rare in-person encounter with a foreign visitor during the pandemic.

Asharq Al-Awsat

US Combat Jet Crashes in South China Sea Exercise, 7 Hurt

A US Navy F35C Lightning II combat jet conducting exercises in the South China Sea crashed while trying to land on the deck of an American aircraft carrier, injuring seven sailors, the military said Tuesday. The pilot was able to eject before the aircraft hit the deck of the USS…

Bangkok Post

First rule of ‘Fight Club’: in China, the police always win

David Fincher’s 1999 “Fight Club” is at the centre of a social media firestorm in China after a new version of it replaced the original ending with a terse message saying all criminals were apprehended and the authorities triumphed.

Caixin Global

Fisher: The Many Myths Behind the Worries Over Rising Global Interest Rates

Rates aren’t likely to skyrocket. But even if they do, it won’t be bad for stocks, or China’s growing economy, writes Ken Fisher

Caixin Global

Shanghai Composite Index Fell 2.58% on Tuesday

Shenzhen Component Index closed down 2.83%

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