China in the News: February 23, 2021

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Daily news headlines about China from around the world

China calls for a reset, but U.S. says Beijing trying to ‘avert blame’

Senior Chinese diplomat Wang Yi said on Monday the United States and China could work together on various issues if they repaired their damaged bilateral relations, but Washington accused Beijing of trying to avert blame for its actions. 4:12pm EST

China rejects genocide charge in Xinjiang, says door open to U.N

China on Monday rejected “slanderous attacks” about conditions for Muslim Uighurs living in Xinjiang, as European powers and Turkey voiced concerns and called for U.N. access to the remote western region. 2:35pm EST

Britain denounces abuses ‘on industrial scale’ in China’s Xinjiang

Britain’s foreign secretary Dominic Raab on Monday denounced torture, forced labour and sterilisations that he said were taking place against Muslim Uighurs on an “industrial scale” in China’s Xinjiang region. 10:57am EST

Goodyear to buy Cooper Tire for $2.8 billion, nearly doubling China presence

Goodyear Tire & Rubber Co said it would buy Cooper Tire & Rubber Co in a $2.8 billion deal to beef up its portfolio in the high-margin light truck and SUV segments and strengthen its presence in North America and China. 9:58am EST

Schroders to form China wealth management venture with BOCOM

Schroders said on Monday it had received Chinese regulatory permission to form a majority-owned wealth management venture with a unit of Bank of Communications (BOCOM), the country’s fifth biggest lender. 8:32am EST

Hong Kong leader gets China’s Sinovac vaccine to bolster public confidence

Hong Kong’s leader Carrie Lam received China’s Sinovac vaccine on Monday together with top officials at a live televised event to bolster public confidence ahead of the vaccine’s rollout in the global financial hub this week. 7:23am EST

Chinese spyware code was copied from America’s NSA: researchers

Chinese spies used code first developed by the U.S. National Security Agency to support their hacking operations, Israeli researchers said on Monday, another indication of how malicious software developed by governments can boomerang against their creators. 6:50am EST

China urges to strengthen recycling of renewable resources

China will speed up recycling and utilisation of renewable resources such as metals scrap in an effort to build low-carbon development and meet its carbon neutrality goal, the State Council said on Monday. 5:37am EST

Ant-backed MYbank joins China’s digital yuan pilot

The online bank backed by Alibaba’s fintech giant Ant Group has joined China’s digital yuan pilot programme, it said on Monday, as the Beijing’s expands trials aimed at eventually rolling out the electronic currency for mass use. 5:06am EST

Beijing official signals Hong Kong electoral reforms to ensure ‘patriots’ govern

“Loopholes” in Hong Kong’s laws must be closed to ensure the city is governed by “patriots”, a top Beijing official said on Monday, signalling changes to the Chinese-ruled city’s electoral system, potentially as early as next month. 5:03am EST

Exclusive: India to clear 45 investments from China, likely to include Great Wall, SAIC – sources

India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor and SAIC Motor Corp, government and industry sources told Reuters, as military tensions between the two countries ease at the disputed border. 4:44am EST

China says China, U.S. and Europe should work together to uphold multilateralism

China, the United States and Europe should work together to uphold multilateralism, after U.S. President Joe Biden called for democracies to coordinate their approach to China, foreign ministry spokesman Wang Wenbin said at a briefing on Monday. 2:53am EST

Over 43 million doses of Sinopharm’s COVID-19 vaccines used globally: state media

(This story corrects last paragraph to read China has promised to donate vaccines to several countries, not they have been delivered) 12:25am EST

Breakingviews – Ant’s loss is small Chinese banks’ loss too

Small Chinese banks will provide good company for Ant in its regulatory misery. The China Banking and Insurance Regulatory Commission published new rules on Saturday requiring online credit providers to fund 30% of the loans they make via cooperation with commercial banks. That’s manageable for Jack Ma’s outfit, though it will considerably dim the $300 billion valuation it once aspired to. But many small lenders rely on fintech allies for growth. New rules constrain that too. Feb 21 2021

Chinese state fund invests in gene firm BGI

The Chinese government has made an investment in BGI Genomics Co, a listed Chinese company that has supplied millions of COVID-19 tests globally as the gene firm seeks to fund exponential growth driven by the pandemic. Feb 21 2021

Sexist tea mugs leave a sour taste in China: Shanghai Daily

A popular chain of Chinese tea shops has apologised for a range of cups and teabags sporting sexist slogans, after they sparked widespread outrage on the internet, the Shanghai Daily reported on Monday. Feb 21 2021

Chinese ambassador to U.S. says the two countries must define policy boundaries

China and the United States must clearly define their policy boundaries and have an accurate understanding of each other’s strategic intentions, Chinese Ambassador to the United States Cui Tiankai said on Monday. Feb 21 2021

Britain to challenge China at U.N. over access to Xinjiang

Britain will on Monday call for the United Nations to be given “urgent and unfettered” access to Xinjiang to investigate reports of abuses in the Chinese region. Feb 21 2021

India, China complete troop pullout from lake area

Indian and Chinese troops have completed a pullout from a lake area on their disputed border in the western Himalayas, setting the scene for disengagement at other friction points, the two countries said on Sunday. Feb 21 2021

Taiwan scrambles air force again after Chinese exercises in South China Sea

Taiwan’s air force scrambled for a second straight day on Saturday after a dozen Chinese fighter aircraft and bombers carried out drills close to Taiwan-controlled islands in the disputed South China Sea, the defence ministry in Taipei said. Feb 20 2021

How China is remaking the world in its vision

This is an edited extract of an essay in the latest issue of Australian Foreign Affairs, The March of Autocracy, published today.The Conversation AU21 hours ago

Chinese diplomat blames Donald Trump’s former administration for poor relations between China and US

A senior Chinese diplomat slams the actions of the administration of former US president Donald Trump, saying it is the root cause of difficulties in bilateral …ABC News19 hours ago

Embarrassing no-shows at China’s summit are a sign Europe is charting a new course

Something went badly awry when China’s President Xi Jinping called together the leaders of 17 nations of central and eastern Europe this month. The event was …Sydney Morning Herald8 hours ago

Britain to challenge China at UN over access to Xinjiang

London: Britain will on Monday, local time, call for the United Nations to be given “urgent and unfettered” access to Xinjiang to investigate reports of abuses in …Sydney Morning Herald21 hours ago

India, China complete troop withdrawal from lake area of disputed Himalayas

Indian and Chinese troops pull out from a lake area on their disputed border in the western Himalayas, setting the scene for disengagement at other friction …ABC NewsYesterday

Western Countries Send Ships to South China Sea in Pushback Against Beijing

Leaders as far away as Canada and Western Europe are sending navy ships to the contested South China Sea this year as pushback against Beijing, which …Voice of America11 hours ago

China chases semiconductor self-sufficiency

Author: Yvette To, CityU. A priority in the Chinese Communist Party’s (CCP) 14th Five-Year Plan (2021–25) is to strengthen China’s autonomy in semiconductor …East Asia Forum10 hours ago

I was the Australian doctor on the WHO’s COVID-19 mission to China. Here’s what we found about the origins of the coronavirus

As I write, I am in hotel quarantine in Sydney, after returning from Wuhan, China. There, I was the Australian representative on the international World Health …The Conversation AU17 hours ago

Kevin Rudd denies ‘trying to punch’ China envoy at 2009 climate summit

Kevin Rudd has denied a report by former British prime minister Gordon Brown that he had to be physically restrained from punching the Chinese negotiator …The Australian9 hours ago

Chinese stocks drop 3% in retreat from record highs

China’s stocks benchmark suffered its biggest drop in more than six months on Monday, in a pullback from record highs struck last week. The CSI 300 index fell …Financial Times10 hours ago

Europe to Tip Toward U.S.’s Tougher Stance on Russia, China

The EU will impose *fresh* sanctions on Russian officials over the jailing of opposition leader Alexei Navalny and will moev ahead with measures to challenge …The Wall Street Journal2 hours ago

Citi Executive Pulls James Bond Stunts to Woo China’s Rich

A man in a tuxedo sits at a mountaintop bar. His phone buzzes and he springs into action, stepping into ski boots and racing down the slopes. He is Buckley …Bloomberg14 hours ago

China’s Black Lake raises $77M to give factories a digital upgrade

Zhou Yuxiang doesn’t have the typical profile for working in China’s manufacturing world. A soft-spoken yet incisive person in his early thirties, Zhou graduated …TechCrunch21 hours ago

Loans from China to Latin America dry up, as region’s governments take pandemic hit

China’s two biggest policy banks made no new loans to Latin America in 2020, as the region’s economic slump was made worse by the coronavirus pandemic.NBC News5 hours ago

Rise of China puts nuclear power option back on table

The frequent incursions of Chinese fighter jets into Taiwanese airspace invites two conclusions. The least likely is that Chinas air force has a dodgy navigation …The Australian2 days agoOpinion

Beyond the China Initiative

While the Department of Justice’s China Initiative was created to combat intellectual property theft and protect U.S. critical infrastructure and society, the initiative …Lawfare7 hours ago

Commentary: Taiwan is becoming the biggest test in US-China relations

US President Joe Biden must demonstrate resolve yet bolster communication channels with China and manage the signature of interactions with …CNA23 hours ago

China’s soft power push attracts scrutiny in UK

Lionel Barber is former editor of the Financial Times. He is author of “The Powerful and the Damned: Private Diaries in Turbulent Times.”On the edge o.Nikkei Asia1 hour ago

White House: China And WHO Need To ‘Step Up’ On Investigation Into Origin Of Pandemic

National security adviser Jake Sullivan says he has concerns over the data China has provided to the World Health Organization regarding the origins of the …NPRYesterday

Alibaba, Pinduoduo Fight Against China’s Looming Food Crisis

The battle to supply 1.4 billion people with *fresh* fruit and vegetables is taking China’s e-commerce companies into the country’s hinterlands, where they are …Bloomberg11 hours ago

China ‘Sexy tea’ shop apologises for calling women ‘bargains’

The popular beverage chain had previously sold tea bags with the phrase “Master I want you”.BBC News18 hours ago

China Deploys Covid-19 Vaccine to Build Influence, With U.S. on Sidelines

Beijing and its companies are assembling a chain of airplanes, warehouses and trucks to deliver refrigerated doses to the developing world, the latest link in its …The Wall Street JournalYesterday

China’s state broadcaster applies to France for right to air in Europe

China’s state broadcaster has turned to French authorities in an attempt to regain its right to broadcast in Europe, after a UK regulator revoked its licence to air …Financial Times2 days ago

China military watch | The Strategist

As tensions rise over China’s recent aggressive air patrolling across the Taiwan Strait, and concern mounts that Beijing may stage a provocation to coerce Taipei …The Strategist11 days ago

World’s Traders Catapult China to FX Big League on Yield Appeal

The Chinese renminbi’s accelerating transformation from a sleepy backwater of the foreign-exchange market into a currency fit to rival global peers has traders …Bloomberg10 hours ago

Doubts about the WHO COVID inquiry fuel China’s advantage

A highly anticipated global inquiry, more than a dozen investigators, a fortnight of inspections at ground-zero of the virus that sent borders up around the world, …Sydney Morning Herald11 days ago

Britain denounces abuses ‘on industrial scale’ in China’s Xinjiang

GENEVA (Reuters) – Britain’s foreign secretary Dominic Raab on Monday denounced torture, forced labour and sterilisations that he said were taking place …Reuters9 hours ago

How China is devastating Australia’s billion-dollar wine industry

Melbourne, Australia (CNN Business) South Australian winemaker Jarrad White spent almost a decade building his business in China. Then, in a matter of …CNN 4 days ago

Chinese Official Signals Changes to Hong Kong Election Rules

China faces a “critical and urgent” task to overhaul Hong Kong’s electoral system, Beijing’s top official for the city said, in the latest sign that authorities were …Bloomberg8 hours ago

‘Name it for what it is’: MPs implore PM to label China’s treatment of Uighurs a genocide

Federal MPs are making their case to Prime Minister Justin Trudeau to join them in voting to label China’s treatment of the Uighur Muslims a genocide ahead of …CTV News2 days ago

The world ‘has woken up to China’

The world has “woken up to China,” according to One Nation Leader Pauline Hanson. “I think that countries are now looking at trading with other nations, …Sky News Australia9 hours ago

India to clear 45 investments from China, likely to include Great Wall, SAIC: Report

NEW DELHI : India is set to clear 45 investment proposals from China, which are likely to include those from Great Wall Motor and SAIC Motor Corp., …Mint7 hours ago

China’s trade sanctions on Australian agriculture force farmers to find new markets

Farmers who fell victim to the multi-billion-dollar China-Australia trade spat are seeing signs of hope as they find new customers for their produce.ABC News9 days ago

China regulator finalizes guidelines on banks’ internet loan businesses

Commercial banks must jointly contribute funds to issue internet loans with a partner, and the proportion of capital from the partner in a loan should not be less …CNBC21 hours ago

China backs India hosting this year’s BRICS summit: Official

China on Monday expressed its support for India in hosting this year’s BRICS summit and said it will work with New Delhi to strengthen the cooperation among …Economic Times10 hours ago

Fitch Rates China Aoyuan’s Proposed USD Notes ‘BB’

Fitch Ratings-Hong Kong/Shanghai-22 February 2021: Fitch Ratings has assigned property developer China Aoyuan Group Limited’s (BB/Stable) proposed US …Fitch Ratings14 hours ago

Iraq walks away from $2B upfront oil deal with China – WorldOil

(Bloomberg) –Iraq has decided against signing an oil-supply deal with a Chinese state company that would’ve seen the cash-strapped Arab nation get about $2 …WorldOil10 hours ago

EXCLUSIVE-Argentine barley exports to China smash records amid Australia spat

Argentina’s barley exports to China are set to soar to a record 1 million tonnes in 2021, industry sources and sales data show, as Beijing looks beyond its …Nasdaq14 hours ago

205 dogs rescued from slaughterhouses, meat trade, abuse in China to arrive in U.S. for new start

Over 200 rescued dogs, many of which were rescued from slaughterhouses and the meat trade in China, are to arrive in the United States next month.WJW FOX 8 News Cleveland2 hours ago

China firm slams ‘third-party’ interference in Lanka project

A Chinese firm, which had won the bid to execute a renewable energy project in Sri Lanka’s northern islands, has objected to “outrageous interference” by a …The Hindu5 hours ago

Goodyear to buy Cooper Tire for $2.8 billion, nearly doubling China presence

(Reuters) – Goodyear Tire & Rubber Co said it would buy Cooper Tire & Rubber Co in a $2.8 billion deal to beef up its portfolio in the high-margin light truck and …Reuters9 hours ago

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