China in the News: March 1, 2021

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Daily news headlines about China from around the world

China’s CanSino says first vaccines packaged in Mexico will be ready in March

The first batch of 2 million vaccines from China’s CanSino Biologics Inc , produced in Mexico, will be ready in the second half of March, the company said on Sunday. 3:32pm EST

Under shareholder pressure, Danone takes step to sell Chinese asset

Danone said on Sunday it was taking a first step towards selling off its stake in its Chinese dairy partner as the French food group faces pressure from shareholders to improve its performance and governance. 12:17pm EST

Philippines receives Chinese vaccine, but Duterte prefers another brand

The Philippines received its initial batch of COVID-19 vaccine doses on Sunday in a shipment donated by China, a day before its inoculation drive is due to begin, but President Rodrigo Duterte will not be among the first to be vaccinated. 8:24am EST

China’s factory activity expands at a slower pace in February, misses expectations: official PMI

China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing market expectations after brief COVID-19-related disruptions earlier in the year. 4:06am EST

Forbidden fruit: Taiwan urges people to eat more pineapples after China ban

Taiwan President Tsai Ing-wen called on people to eat more pineapples to help farmers on Friday, saying Taiwan had been “ambushed” by a ban on the fruit by neighbouring long-time rival China which claims the island as its own. 1:23am EST

WHO team probing COVID-19 visits Wuhan lab, meets ‘Bat Woman’

A team of investigators led by the World Health Organization visited a virus research laboratory in China’s central city of Wuhan and met with a prominent virologist there in its search for clues to the origins of the COVID-19 pandemic. Feb 27 2021

(OFFICIAL)-Electric scooter maker Niu in talks to supply Gojek – CEO

SHANGHAI/SINGAPORE (Reuters) -Niu Technologies is in talks to supply its electric scooters to Southeast Asian ride-hailing company Gojek to increase market share in the region, the electric scooter maker’s CEO told Reuters. Feb 27 2021

Biden on track to apply Trump-era rule targeting Chinese tech supply chain concerns

The Biden administration plans to allow a Trump-era rule targeting Chinese technology firms deemed to pose a threat to the United States to go into effect despite objections from U.S. businesses, the U.S. Commerce Department said on Friday. Feb 26 2021

NYSE begins move to delist Chinese state oil producer CNOOC

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an update to an executive order signed by former U.S. President Donald Trump in November last year. Feb 26 2021

Blinken says U.S. stands in solidarity with Canada in calling for release of two Canadians detained in China

U.S. Secretary of State Antony Blinken said on Friday that the United States stands in absolute solidarity with Canada in insisting on the immediate and unconditional release of two Canadian citizens detained in China. Feb 26 2021

Short-sellers take aim at Chinese blockchain firm SOS, shares tumble

Short-sellers Hindenburg Research and Culper Research said on Friday they have taken a short position on Chinese blockchain firm SOS Ltd’s stock, sending the company’s shares down 23%. Feb 26 2021

U.N. rights chief decries arrests in China, abuses in Xinjiang

United Nations human rights chief Michelle Bachelet said on Friday that China is restricting basic civil and political freedoms in the name of national security and COVID-19 measures, adding to a wave of criticism of the country’s rights record. Feb 26 2021

Exclusive: China’s Huawei, reeling from U.S. sanctions, plans foray into EVs – sources

China’s Huawei plans to make electric vehicles under its own brand and could launch some models this year, four sources said, as the world’s largest telecommunications equipment maker, battered by U.S. sanctions, explores a strategic shift. Feb 26 2021

China will extend tariff exemptions for 65 U.S. products

China’s finance ministry said on Friday that it would extend tariff exemptions for 65 imported products from the United States, including logs and aircraft parts. Feb 26 2021

Queensland skies light up as Chinese space junk burns up in atmosphere

Social media in Queensland, Australia lit up on Thursday night, matching the flashing night sky as users posted short videos of what experts later said was debris from a Chinese rocket burning up as it re-entered the Earth’s atmosphere. Feb 26 2021

Chinese court backs publisher of textbook calling homosexuality ‘psychological disorder’

A court in China’s eastern Jiangsu province recently ruled in favour of a publisher that described homosexuality as a “psychological disorder” in a university textbook. Feb 26 2021

China expected to unveil hike in military budget as tensions rise

China is expected to reveal a robust increase in defence spending at the March 5 annual opening of parliament, as its economy rebounds from the COVID-19 pandemic and military tensions rise, Chinese and Western security experts said.   Feb 26 2021

China’s Ant to boost consumer finance unit capital as it restructures micro-lending: sources

China’s Ant Group is in talks with other shareholders in its new consumer finance unit to bolster the firm’s capital as the fintech giant prepares to fold in its lucrative micro-lending businesses, people familiar with the matter said. Feb 26 2021

India, China foreign ministers to set up hotline as border crisis eases

India and China have agreed to set up a hotline between their foreign ministers as the two nuclear-armed neighbours look to reduce tensions along a disputed Himalayan border where their troops have been locked in confrontation since last summer. Feb 26 2021

Tim Hortons China raises fresh cash, plans to add 200 shops in 2021

Tim Hortons China has completed a new fundraising round from Sequoia Capital China, Tencent Holdings and Eastern Bell Capital, and plans to add more than 200 shops to its network this year, the coffee chain operator said on Friday. Feb 26 2021

The West’s leadership failure on coronavirus is only helping China usurp it

If China does usurp the Western global order, it won’t necessarily be because China is better — it will be because the West is tied to its worst, writes Stan Grant.ABC NewsYesterday

Chinese investors turn away from Australia after Canberra crackdown

The value of Chinese investment in Australia collapsed last year in the face of tougher scrutiny by Canberra, a breakdown in bilateral relations and a global …Financial Times14 hours ago

Australian university study hubs keep students engaged in China

Australian universities are relying on campuses in China to keep international students engaged at a time when local authorities are discouraging them from …Sydney Morning Herald15 hours ago

China’s terrifying master plan for Australia, ANU warns

The year is 2049. China is exploding with light and sound as its citizens dutifully celebrate 100 years of the Communist State. The world around them is …NEWS.com.auYesterday

Coal terminal facing export slump amid Australia-China trade bans

Dalrymple Bay Coal Terminal, one of the nation’s largest coal ports, says the Chinese government’s ban on Australian cargoes have driven a decline in exports.Sydney Morning Herald19 hours ago

China traps the US into negotiations, then breaks its promises | TheHill

Matthew Pottinger, the former deputy national security adviser in the Trump administration, warned that the Biden administration must not fall into China’s …The Hill2 hours agoOpinion

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 AU22 Feb

Japan’s Nikkei 225 jumps 2%; China says its factory activity growth slowed in February

A private survey on Chinese manufacturing activity is set to be released, with the Caixin/Markit manufacturing PMI expected at 9:45 a.m. HK/SIN on Monday.CNBC47 minutes ago

Chinese Investment in Australia Plummets Amid Tensions

Chinese investment in Australia fell by 61% in 2020 to the lowest level recorded by the Australian National University in six years, coinciding with a worsening …VOA Asia10 hours ago

Taiwan urges people to eat more pineapples after China bans imports amid campaign of ‘intimidation’

Taiwan President Tsai Ing-wen calls on people to eat more pineapples to help farmers, saying Taiwan has been “ambushed” by a Chinese ban on the fruit, …ABC News2 days ago

China’s Retirement Home Industry is Plagued by Ponzi Schemes

Rooms and beds for retirees are in short supply as the population ages, leaving many vulnerable to companies pitching risky investments.The New York TimesYesterday

China Appears to Warn India: Push Too Hard and the Lights Could Go Out

As border skirmishing increased last year, malware began to flow into the Indian electric grid, a new study shows, and a blackout hit Mumbai. It now looks like a …The New York Times46 minutes ago

Apple had a blowout quarter in China. But can its success there continue?

Apple blew through its December quarter record for sales in China when it reported earnings last month.CNN 11 hours ago

Canberra urged to act on China consulate complaints

The federal government is being urged to examine the size and scope of Chinas South Australian consulate amid growing community unease over such a large …The Australian4 hours ago

Republican calls grow for US to boycott 2022 Olympics in China

The US should boycott the 2022 Winter Olympics in China, former United Nations ambassador Nikki Haley said Sunday, becoming the latest Republican to join …Yahoo Sport Australia5 hours ago

China’s Covid vaccination programme beset by delay and reluctance

While China has pledged to ship hundreds of millions of vaccines abroad, domestically the rollout of inoculations has been slow, raising concerns that …Financial Times19 hours ago

U.S. Enlists Allies to Counter China’s Technology Push

The goal is to stay ahead of China in semiconductors, artificial intelligence and other advances that are expected to define the economy and military of the future.The Wall Street Journal9 hours ago

China Got Its Economy Growing Again, but a Shortfall in Babies Will Be Harder to Fix

Some economists say a shrinking workforce threatens China’s chances of overtaking the U.S. as the world’s largest economy.The Wall Street Journal19 hours ago

Philippines receives first batch of COVID-19 vaccine, doses donated by China

MANILA (Reuters) – The Philippines received on Sunday its first batch of COVID-19 vaccine doses in a shipment donated by China, a day before it was due to …Reuters11 hours ago

China gains momentum in race to overtake US economy

BEIJING — China’s economy surged closer to its American rival last year, achieving nominal gross domestic product of $14.73 trillion — mor.Nikkei Asia4 hours ago

Has China lifted 100 million people out of poverty?

Chinese President Xi Jinping says his country has reached the ambitious goal set when he assumed office in 2012 of lifting 100 million people out of poverty.BBC News23 hours ago

China hoards used chipmaking machines to resist US pressure

TOKYO — Chinese semiconductor makers are snapping up used chipmaking machines as they rush to produce homegrown products amid U.S.-Sino trade …Nikkei AsiaYesterday

Skydio valuation raises American hopes in drone war with China

California-based Skydio has become the first US drone maker to be valued at more than $1bn in a fundraising that signals broader confidence for America’s …Financial Times6 hours ago

A Spreadsheet of China’s Censorship Shows the Human Toll

An online spreadsheet with an anonymous minder keeps a tally of Xi Jinping’s crackdown on online speech.The New York Times2 days ago

Chinese football in chaos as billions finally run out

Chinese Super League champions Jiangsu FC have “ceased operations”, underlining the financial problems coursing through football in the country.NEWS.com.au5 hours ago

Sinn Fein MP Hazzard’s China ‘solidarity’ tweet prompts backlash

A tweet from Sinn Fein MP Chris Hazzard expressing solidarity with China has prompted a backlash.Belfast Telegraph5 hours ago

China takes aim at Australian universities with latest boycott

But now, a new ploy by the Chinese government could see institutions across the country suffer another crippling blow. Many Australian universities rely on …NEWS.com.au2 days ago

China expected to unveil hike in military budget as tensions rise

Hong Kong/Beijing – China is expected to reveal a robust increase in defense spending at the March 5 annual opening of its parliament, as its economy …The Japan Times20 hours ago

Meng Returns to Court Amid Signs Canada-China Standoff May Ease

Canada’s arrest of Huawei Technologies Co.’s chief financial officer two years ago on a U.S. handover request triggered a political uproar as China quickly …Bloomberg12 hours ago

Go East, Young Man: China Needs to Set Its Labor Force Free

Fixing the breadth of China’s wasted and frustrated talent will be essential to maintain growth, especially if Beijing continues to alienate major trading partners in …The Wall Street Journal10 hours ago

Can the US deter China from attacking Taiwan?

Power Play is a weekly column that looks at various facets of the US-China rivalry and its implications for Asia. WASHINGTON – American officials and scholars …The Straits Times3 hours agoOpinion

Danone Prepares to Sell $1 Billion Stake in China’s Mengniu

(Bloomberg) — Danone is paving the way to sell its stake in China Mengniu Dairy Co. later this year by converting the investment into a direct holding.The 9.8% …Yahoo Finance6 hours ago

Drop by drop, China’s Yangtze River is drying up

The levels of the massive waterway were long thought to be constant but researchers say they have calculated the scale of the decline.South China Morning Post20 hours 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 Strategist12 Feb

China’s economy could double in size by 2035 — and surpass the U.S. along the way

China would surpass the U.S. as the world’s largest economy around 2027-2028, said an economist from the Bank of America.CNBC3 days 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 Herald12 Feb

China Tried to Slow Divorces by Making Couples Wait. Instead, They Rushed.

Last December, Emma Shi desperately needed an appointment at the civil affairs bureau in Shanghai, but could not get one. She scoured the internet to find …The New York Times2 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 News14 Feb

It’s a smash hit! Chinese return big-time to movie theaters

BEIJING (AP) — The thrills and chills of the big screen are back big-time in the world’s largest film market. With the coronavirus well under control in China and …The Associated Press2 days ago

CPAC puts a bull’s-eye on China

Donald Trump loomed large over day one of the 2021 Conservative Political Action Conference. Elected Republicans wanting to excite the audience littered …POLITICOYesterday

NYSE to suspend trading of China’s Cnooc next month

The New York Stock Exchange is to start delisting proceedings against China National Offshore Oil Corporation to comply with an executive order from Donald …Financial Times2 days ago

China-India demilitarised zone upsets defence officials in Delhi

They say the zone works in Beijing’s favour.. Read more at straitstimes.com.The Straits Times19 hours ago

‘Tom & Jerry’ Pounces On $33M WW Weekend In Expanded Rollout; China’s New Year Pics Still Dominant As February Sets $1.9B Record – International Box Office

Refresh for latest…: Warner Bros’ hybrid live-action/animated feature Tom & Jerry began offshore rollout in mid-February, and this session became the first …Deadline4 hours ago

Told China Normal Ties Contingent On Peace At Border: Foreign Secretary

India has always stressed in interactions with Chinese interlocutors that a normal bilateral relationship is contingent on peace and tranquillity in the border areas …NDTV7 hours ago

U.S. stands with Canada on efforts to free Kovrig, Spavor from China: secretary of state

The United States will continue to stand with Canada in its efforts to secure the release of Michael Kovrig and Michael Spavor from arbitrary detention in China, …CBC.ca3 hours ago

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