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The Latest Breaking News from China

Biden pushes Congress to pass $52 billion for chip production

President Joe Biden pleaded Friday for Congress to pass $52 billion in funding for semiconductor chip production amid an ongoing shortage that's driving up prices of cars, tech and other consumer goods.

Tribune News Service

Arkansas prof pleads guilty to lying about China patents

A University of Arkansas professor has pleaded guilty to lying to the FBI about patents he had for inventions in mainland China

The Independent UK

Dredgers spotted off Cambodian base where China is funding work -U.S. think tank

Dredgers have been spotted off Cambodia’s Ream naval base, where China is funding construction work and deeper port facilities would be necessary for the docking of larger military ships, a U.S. think tank said on Friday.

Reuters

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3 Semiconductor Stocks to Buy as the Supply Crunch Gets Worse

With the emergence of the COVID-19 omicron variant in China, global supply chain issues continue to worsen. However, famous semiconductor chip makers are ramping up production and building facilities to satisfy the huge demand for semiconductors. With the worsening supply crunch driving prices higher, we think fundamentally sound semiconductor stocks…

StockNews.com

US blocks flights by Chinese airlines in escalating dispute

The United States is blocking some flights by Chinese airlines in retaliation for China canceling more than a dozen flights there by American carriers

The Independent UK

Macau used to be China's 'good kid', but as Beijing turns on its gambling industry, everything might change

For decades, Macau has pledged its loyalty to Beijing in exchange for a longer leash and a steady influx of cashed-up gamblers. But the dramatic arrest of a high-flying casino owner leaves many wondering what lies in this port city's future.

ABC News

Exclusive-U.S. opposes plans to strengthen World Health Organization

The United States, the World Health Organization's top donor, is resisting proposals to make the agency more independent, four officials involved in the talks said, raising doubts about the Biden administration's long-term support for the U.N. agency.

Reuters

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This Ethereum-Derived Blockchain Will Power This Chinese City

CasperLabs — a framework developer for creating public and private decentralized applications (DApps) — recently partnered with China’s blockchain-based Service Network (BSN) for a more promising use of blockchain technology in China.

Benzinga

IMF warns China over cost of Covid lockdowns

Hardline approach to pandemic risks damaging global economy, says Kristalina Georgieva

The Guardian - UK

Mercedes-Benz EQC Owners In China Report Motor Problems

At least 68 owners of the Mercedes EQC in China have issued a joint statement to the company related to the electric SUV's "faulty electric motor."

InsideEVs

In 3-week isolation, unvaccinated athlete waits for Olympics

Swiss snowboarder Patrizia Kummer is spending three weeks alone in a hotel room before she competes at the Olympics because she is unvaccinated against the coronavirus

The Independent UK

Why Warren Buffett-Backed BYD Is Raising NEV Prices In China

BYD Company Ltd. (Pink: BYDDF), which is among the top new energy vehicle, or NEV, producers in China, is raising its prices.

Benzinga

Climate, COVID, China: Takeaways from online Davos event

Government and business leaders have urged global cooperation on climate change, the coronavirus pandemic and the economic recovery at the World Economic Forum’s virtual gathering this week

The Independent UK

Tesla China Video Touts Tesla Service And Customer Satisfaction

Tesla had many issues in China last year, so it revamped its service situation and communication with owners, media, and government. Ratings are spectacular.

InsideEVs

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Inverse

How China’s Yutu-2 rover unearths secrets in the Moon’s dirt

In this edition of Inverse Daily, read stories about China's Yutu-2 rover and its discoveries on the Moon, the sweeter side of star-birthing black holes, and more.

The Independent UK

Security scanners across Europe tied to China government military

At some of the world’s most sensitive spots, authorities have installed security screening devices made by a single Chinese company with deep ties to China’s military and the highest levels of the ruling Communist Party

Radio France Internationale

China condemns French parliament's Uyghur genocide declaration

The authorities in China have reacted angrily to a French parliament resolution on Friday that accuses Beijing of carrying out a genocide against its Uyghur Muslim population, a move that has further strained ties two weeks before the opening of the Winter Olympics.

Reuters

Biden, Kishida agree to boost security, economic cooperation amid rising concerns

U.S. President Joe Biden and Japanese Prime Minister Fumio Kishida agreed in a virtual meeting on Friday to boost cooperation on pressing economic and security issues, including China, North Korea's missiles and Russia's threat to Ukraine.

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The Independent UK

China criticizes US missile sanctions as hypocrisy

China has criticized Washington for imposing sanctions on Chinese companies accused of exporting missile technology, and accused the United States of hypocrisy for selling nuclear-capable cruise missiles

Benzinga

Sonoma Pharma Expands Its Partner Network For Oral, Dental Products In US & China

Sonoma Pharmaceuticals Inc (NASDAQ: SNOA) has added Salus Medical as an

Motor1

Three-Row Audi SUV Spied And We Think We Know What It Is, The Q6

Nope, it's not the long-rumored Q9.

Benzinga

Alibaba Affiliate Is Linked To Corruption Scandal: Report

China's state broadcaster has implicated Jack Ma's Ant Group in a corruption scandal,

The Philadelphia Inquirer

Trudy Rubin: A look into the authoritarian world Xi Jinping and Vladimir Putin hope to create

I intended this column to focus on Elizabeth Economy’s important new book, "The World According to China," which describes Xi Jinping’s vision for China’s future dominance in the world.

The Guardian - AU

Morrison speaks out against China’s ‘economic coercion’ at Davos

Australian prime minister tells forum the Indo-Pacific has become ‘highly contested’ due to ‘grey-zone tactics’ – but without naming names

Axios

The Federal Reserve is open to creating a digital dollar

Central bank digital currencies are now used by millions around the world.

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