China in the News: February 24, 2021

By Craig Hill on February 24, 2021 • ( 0 )

Biden, Trudeau pledge to counter China, climate change, in warm first ‘meeting’

U.S. President Joe Biden and Canadian Prime Minister Justin Trudeau sought on Tuesday to turn the page on the Trump era, stressing the countries’ deep ties and pledging to work together to counteract Chinese influence and address climate change. 9:05pm EST

Exclusive: Senators revive bill to combat Chinese censorship of U.S. companies

A bipartisan group of U.S. senators will revive legislation as soon as Wednesday to counter Chinese censorship in the United States, a new effort by Congress to hold Beijing accountable for its growing efforts to stifle criticism beyond its borders, Senator Jeff Merkley told Reuters. 7:25pm EST

Top U.S. Senate Democrat directs lawmakers to craft bill to counter China

U.S. Senate Majority Leader Chuck Schumer said on Tuesday he has directed lawmakers to craft a package of measures to counter China’s rise, capitalizing on bipartisan hardline sentiment on Beijing in Congress to strengthen the U.S. tech sector and counter unfair practices. 5:39pm EST

U.S. Treasury No. 2 nominee Adeyemo urges get-tough attitude on China

Wally Adeyemo, President Joe Biden’s nominee as deputy Treasury secretary, on Tuesday said Washington should work with allies to hold China accountable to international rules to ensure a level playing field for companies in the United States and elsewhere. 4:25pm EST

Breakingviews – Joe Biden’s best weapon against China is teamwork

Actions will speak louder than words when it comes to Joe Biden’s attempts to rein in China. The U.S. president and his aides have jettisoned the incendiary rhetoric used by Donald Trump but are still taking a tough line on the People’s Republic in practice. A desire to work with allies will give the new administration’s policies more clout. 3:43pm EST

Senegal begins vaccinating against coronavirus with doses from China

Senegal began its coronavirus vaccination campaign on Tuesday with 200,000 doses that it purchased from China’s Sinopharm, which it received last week. 1:48pm EST

Canada’s parliament passes motion saying China’s treatment of Uighurs is genocide

Canada’s parliament passed a non-binding motion on Monday saying China’s treatment of the Uighur Muslim minority in the Xinjiang region constitutes genocide, putting pressure on Liberal Prime Minister Justin Trudeau’s government to follow suit. 12:52pm EST

Corrosion inhibitors from China harm U.S. industry: ITC

Corrosion inhibitors imported from China harm U.S. industry, the International Trade Commission said on Tuesday, a determination the body reached as part of an antidumping and countervailing duty investigation. 11:20am EST

EU calls on China to allow ‘meaningful access’ to Xinjiang

European Union foreign policy chief Josep Borrell called on China on Tuesday to allow U.N. human rights boss Michelle Bachelet to visit and investigate alleged mistreatment of Muslim Uighurs in the Xinjiang region and of people in Tibet. 9:19am EST

China has tried to intimidate Hong Kong activists in Germany, Berlin says

China has tried to intimidate Hong Kong residents living in Germany since pro-democracy protests broke out in the city two years ago, the German interior ministry said in a letter to a lawmaker published on Tuesday. 8:33am EST

Chinese car maintenance start-up Tuhu plans U.S. IPO after $400 million fundraising: sources

Chinese car maintenance service start-up Tuhu is considering a U.S. initial public offering this year, after raising up to $400 million from a funding round earlier this month, people with direct knowledge of the matter told Reuters. 8:16am EST

Indian pharma firms go local seeking to end reliance on China

Indian drug companies are looking to local makers of so-called active pharmaceutical ingredients (API) or trying to make them in-house in a bid to end their reliance on China as ties between the two countries soured after a deadly border clash last June. 6:42am EST

China’s Weibo hires banks for Hong Kong secondary listing, sources say

Chinese social media platform Weibo Corp has appointed Goldman Sachs, Credit Suisse and CLSA to work on its planned Hong Kong secondary listing in the final half of 2021, two sources with direct knowledge of the matter said. 4:19am EST

China condemns Canada’s motion calling treatment of Uighurs genocide

China said on Tuesday that it condemned and rejected Canada’s parliament passing a non-binding motion saying China’s treatment of Uighurs is genocide. 3:04am EST

Mega cities fan China’s home prices further in test for policymakers

New home prices in China grew at a faster pace in January, driven by red-hot demand in the country’s mega cities despite several rounds of government cooling measures, raising the challenge for policymakers as they try to curb financial risks. Feb 22 2021

Breakingviews – JD offers peek into China’s e-commerce machine

JD.com is offering a peek into the engine that powers Chinese e-commerce. The $160 billion web retailer is spinning off its logistics operations in a Hong Kong listing. Investors will be keen. Feb 22 2021

U.S. Treasury nominee Adeyemo vows to combat China’s ‘unfair economic practices’ in testimony

Wally Adeyemo, President Joe Biden’s nominee for the No. 2 job at the U.S. Treasury, vowed to crack down on authoritarian governments and fight unfair economic practices in China and elsewhere, while working to rectify economic inequality at home. Feb 22 2021

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. Feb 22 2021

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. Feb 22 2021

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. Feb 22 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 AU2 days ago

China calls for a relationship reset, as US says Beijing is trying to ‘avert blame’

US officials accuse China of trying to avert blame for its actions, after a top Chinese diplomat says the two countries could work together on various issues if they …ABC News23 hours ago

China wants Biden to make the first move to thaw tensions. It could be a long wait

China is making it clear that it expects the Biden administration to make the first move to thaw a relationship frozen by Donald Trump’s trade and tech wars and …Sydney Morning HeraldYesterday

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 Herald2 days ago

Security fears over state-linked company processing visas in China

Australia’s international visa program is using a Chinese government-linked company to process visa applications in Beijing, sparking an internal review into the …Sydney Morning Herald8 hours ago

China did ‘little’ to investigate COVID-19 origin, leaked WHO report claims

In the months following the emergence of COVID-19 in China, authorities did “little” to try to find the source of the infection, a leaked World Health Organisation …NEWS.com.au2 hours ago

Sinister truth about mystery flights between China and Myanmar during coup d’etat

Every night for more than a week, unregistered planes have been carrying unknown goods and people between China and its conflict-ravaged neighbour …NEWS.com.au49 minutes ago

Satellite imagery reveals China building ‘full-blown military bases’ in disputed sea

New satellite imagery points to China building “full-blown military bases” on artificial islands in the Sou…9NewsYesterday

US and allies to build ‘China-free’ tech supply chain

WASHINGTON/TAIPEI — U.S. President Joe Biden is set to sign an executive order as early as this month to accelerate efforts to build supply chai.Nikkei Asia9 hours ago

China Plans Overhaul of Hong Kong’s Elections

BEIJING — China’s Communist Party already wields outsized influence over Hong Kong’s political landscape. Its allies have long controlled a committee that …The New York Times13 hours ago

What’s on the clandestine nightly flights between Myanmar and China? | The Strategist

Each night for more than a week, unregistered flights between Yangon and Kunming have been transporting unknown goods and personnel from China to …The StrategistYesterday

How Xi Jinping Is Reshaping China and What It Means for the West

For six months, The Wall Street Journal explored the origins of the Chinese president’s political model, how it is reshaping China and why it has set him on a …The Wall Street Journal11 hours ago

China’s US coal imports jump 748% in Q4’20 amid Australian trade dispute

China emerged as one of the top importers of U.S. coal in the fourth quarter of 2020 as the country banned Australian coal from entering its territories amid …S&P Global7 hours ago

Biden may leave Trump’s China tariffs in place

A month into his presidency, Joe Biden has indicated he’s in no hurry to undo the punitive trade measure his predecessor placed on China. Biden has …Yahoo Finance6 hours ago

China has tried to intimidate Hong Kong activists in Germany, Berlin says

BERLIN (Reuters) – China has tried to intimidate Hong Kong residents living in Germany since pro-democracy protests broke out in the city two years ago, the …Reuters13 hours ago

Top U.S. Senate Democrat directs lawmakers to craft bill to counter China

U.S. Senate Majority Leader Chuck Schumer said on Tuesday he has directed lawmakers to craft a package of measures to counter China’s rise, capitalizing on …Reuters4 hours ago

China Faces European Obstacles as Some Countries Heed U.S. Pressure

Some European countries are starting to block Chinese involvement in their economies, drawing closer to positions advocated by the U.S. amid growing anxiety …The Wall Street Journal12 hours ago

China’s Reckless Labs Put the World at Risk

Beijing is obsessed with viruses, but not biosafety. We are paying a high price for its lapses.The Wall Street Journal8 hours ago

China’s Crackdown on Defaulters Starts to Embolden Creditors

Chinese bondholders are gaining more power in the corporate restructuring process, underscoring a renewed push by authorities to reform the nation’s $5.2 …Bloomberg6 hours ago

China’s Robinhoods are Doing Just Fine, Thanks

The GameStop frenzy created problems for U.S. online brokers, but Nasdaq-listed brokers helping Chinese people punt on U.S. stocks are doing well.The Wall Street Journal15 hours ago

Australian wine suffers $81 million export loss amid China trade battle

French and British wine drinkers are helping to soften the blow of Chinese import tariffs on local winemakers, but the $1.2 billion industry is still doing it tough.The New Daily15 hours ago

Coronavirus’s origins may remain a mystery as the WHO leaves China with more questions than answers

Some experts are questioning the purpose of the World Health Organization’s coronavirus probe in China, which wraps up after months of diplomatic tension …ABC News10 days 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 …TechCrunchYesterday

U.S. – China relations, explained (video)

Separate fact from fiction on U.S. – China relations in this video from WIRED.cleveland.com4 hours ago

HSBC Takes the Slow Boat to China

Another year, another familiar-sounding strategic update at HSBC. HSBC -0.43% The behemoth’s need to reiterate its pivot to Asia underlines what a slow, …The Wall Street Journal10 hours ago

China’s weaponization of rare earths is very likely to backfire

There was a time when China could cause the world to tremble by threatening its supply of rare earths. It’s long in the past. That’s reason not to worry too much …Mint6 hours agoOpinion

No, Biden executive order did not allow China access to US power grid

During a devastating winter blackout in Texas, a conservative group linked the outage to President Joe Biden, claiming t.PolitiFact4 hours ago

China’s Jituan Conglomerates Look Like South Korea Chaebols. They’re Very Different.

Are you trying to figure out which companies to bet on in China? Here’s a word to watch out for: jituan, Chinese for business group or conglomerate. If you see a …BloombergYesterdayOpinion

China’s central bank joins cross-border digital currency pilot

China’s central bank will join a project looking at using central bank digital currencies (CBDC) for cross-border payments, the Bank of International Settlements …iTnews1 hour ago

China made it easier for the Fed to fight inflation, but those days are gone

Remember inflation? If you, like most Americans, were born after 1981, the answer must be “no.” Annual growth in personal consumption expenditures, the …The Washington Post5 hours agoOpinion

China military watch | The Strategist – 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 Strategist12 days ago

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 Times3 days ago

China’s Holiday Movie Binge Features Big Sales, Little Propaganda

Voice of America is an international news and broadcast organization serving Central and Eastern Europe, the Caucasus, Central Asia, Russia, the Middle East …VOA Asia3 days ago

Entry into China spearheads Appen’s (ASX:APX) 2020 growth

Appen (ASX:APX) has laid out its full-year results, detailing growth spearheaded by its entry into China in spite of pandemic-related challenges.The Market Herald2 hours ago

China needs to do more to restore normalcy: Officials

China’s next steps will be watched closely to decide on the future course of engagement either at the bilateral or multilateral level, the people said on condition …Hindustan Times3 hours ago

Pangong Lake: India and China complete pull-back of forces

India and China have completed the pull-back of troops from part of their disputed Himalayan border, a joint statement issued by the Indian defence ministry …BBC News2 days ago

Indian pharma firms go local seeking to end reliance on China

Indian drug companies are looking to local makers of so-called active pharmaceutical ingredients (API) or trying to make them in-house in a bid to end their …Reuters14 hours ago

Online bank backed by Alibaba’s Ant Group joins China’s digital yuan pilot

MYbank said it was one of the parties participating in the research and development on China’s e-currency.CNBC22 hours ago

China’s Shale Boom Was Over Before It Began

As China races to meet the growing energy demands of its population, it looked to natural gas as a potential solution, but domestic production doesn’t seem to …OilPrice.com1 hour ago

Support for India’s hosting of BRICS summit shows China’s strategic wisdom

China’s attitude shows that with the rising uncertainty in the international community, emerging countries need to look to one another for development. BRICS …Global Times11 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 5 days 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 News10 days ago

EHang 216 AAV Completed First Trial Flights in Beijing, Capital of China

GUANGZHOU, China, Feb. 23, 2021 (GLOBE NEWSWIRE) — EHang Holdings Limited (Nasdaq: EH) (“EHang” or the “Company”), the world’s leading …GlobeNewswire5 hours ago

Flash version distributed in China after EOL is installing adware

Although the Flash Player app formally reached its end of life on December 31, 2020, Adobe has allowed a local Chinese company to continue distributing Flash …ZDNet9 hours ago

As Colombo turns to China, RSS helps Jaishankar tamp down furore on Amit Shah’s ‘remarks’

As if External Affairs Minister S. Jaishankar has not had enough trouble on his hands these past few weeks, with Sri Lanka peremptorily cancelling a 2019 …ThePrint21 hours agoOpinion