The Latest Breaking News from China

Lear Q4 Earnings Top Estimates; Warns On Uncertainties Over Semiconductor Shortages, Inflationary Pressures

Lear Corp (NYSE:LEA) reported a fourth-quarter FY21 sales decline of 7% year-on-year, to $4.88 billion, beating the analyst consensus of $4.72 billion. Global vehicle production decreased 13% Y/Y with North America down 15%, Europe down 26%, and China down 4%. Selling, general and administrative expenses fell 4.4% Y/Y to $140.2 million. Core operating…

Benzinga · Feb 8, 2022

Eileen Gu soars to Olympic gold as China embraces dual-culture star

Eileen Gu delivered the performance of these Winter Olympics, on and off the snow on day four

The Guardian - UK · Feb 8, 2022

China plunges city of four million into lockdown as Covid cases rise

China has plunged the southern city of Baise into a lockdown to contain a Covid-19 outbreak.

Evening Standard · Feb 8, 2022

Chinese Embassy defends use of Korean dress in Olympic ceremony

The Chinese Embassy in South Korea on Tuesday defended the use of a Korean traditional costume in last week's Olympic opening ceremony in Beijing, after South Korean politicians and activists criticised what they called "cultural appropriation".

Reuters · Feb 8, 2022

Beijing 2022 Winter Olympics daily briefing: Gu wins big as Canada rock US

Freeski Big Air gold goes to US-born Chinese athlete as 4-2 victory means Canada win Group A

The Guardian - UK · Feb 8, 2022

Tesla Cut Steering Component In China-Made Model 3, Y Cars As It Grappled With Chip Crunch: Report

Tesla Inc (NASDAQ: TSLA) removed an electronic control unit including in the steering racks of China-made Model 3 and Y cars as it faced a semiconductor shortage.

Benzinga · Feb 8, 2022

Beijing slams U.S. inclusion of Chinese entities in 'unverified list'

China's commerce ministry on Tuesday hit out at a U.S. decision to include some Chinese entities on a "unverified list", saying Washington should correct its "wrongdoings".

Reuters · Feb 8, 2022

Beauty Revival Seen Boosting End-of-Year Sales at L’Oreal

The world's largest cosmetic group L´Oreal is expected to report brisk fourth-quarter sales on Wednesday after pandemic-weary consumers emerged from lockdowns to splash out on beauty products. Investors will look for the impact of increased marketing spending on L'Oreal's margin, and tune in to executives' results presentation Thursday for any…

Asharq Al-Awsat · Feb 8, 2022

China to boost supply of Olympic panda mascots amid shortages

Popularity of Bing Dwen Dwen leads to long queues outside shops, as lunar new year factory closures exacerbate problem

The Guardian - UK · Feb 8, 2022

BC-Olympic Digest, ADVISORY

Nihao from Beijing

The Independent UK · Feb 8, 2022