China in the News: March 3, 2021

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Daily news headlines about China from around the world

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers prospered while his empire was put under heavy scrutiny by Chinese regulators. 12:17pm EST

China says door to Xinjiang ‘always open’, but U.N. rights boss should not prejudge

China said on Tuesday that it was discussing a visit to its Xinjiang region by United Nations human rights chief Michelle Bachelet, but that she should not set out with the aim of condemning its policies. 11:30am EST

Beijing dismisses alleged Chinese hacking of Indian vaccine makers

China on Tuesday rejected an allegation by a cyber intelligence firm that a state-backed hacking group targeted the IT systems of two Indian coronavirus vaccine makers. 10:40am EST

Mining magnets: Arctic island finds green power can be a curse

In the tenth century, Erik the Red, a Viking from Iceland, was so impressed with the vegetation on another Arctic island he had found he called it “the green land.” Today, it’s Greenland’s rocks that are attracting outsiders – superpowers riding a green revolution. 9:56am EST

China aims to vaccinate 40% of population by end-July: senior adviser

China aims to vaccinate 40% of its population against COVID-19 by the end of July, a senior health adviser told Reuters on Tuesday, requiring a significant increase in inoculations even as it ramps up exports of vaccines. 8:42am EST

U.S., Canada hail Taiwan’s ‘freedom pineapples’ after Chinese ban

The de facto U.S. and Canadian embassies in Taiwan on Tuesday praised the quality of pineapples grown on the island, depicting photographs of their top diplomats in Taipei with the fruit after an import ban by China. 7:44am EST

China cuts “carbon intensity” 18.8% in past five years, in effort to rein in emissions

China, the world’s biggest emitter of greenhouse gases, succeeded in lowering “carbon intensity” by 18.8% in the five years through 2020, a Ministry of Ecology and Environment (MEE) report said on Tuesday, showing the economy’s reduced reliance on fossil fuels. 6:55am EST

China’s Ant seeks to ease staff concerns about selling company’s shares

China’s Ant Group is working on measures to help staff with “short-term liquidity problems”, its executive chairman said in internal messages, after the halting of the fintech giant’s $37 billion IPO dashed employees’ hopes of cashing in their shares. 6:10am EST

Breakingviews – Capital Calls: China digs bitcoin hole

Concise insights on global finance in the Covid-19 era. 5:48am EST

Iraq receives first batch of COVID-19 vaccines from China

Iraq received its first 50,000 doses of the Sinopharm COVID-19 vaccine donated by China as the country is struggling to cope with a new surge of the disease. 5:05am EST

Taiwan opposition chief in no rush for China meeting

The leader of Taiwan’s main opposition party the Kuomintang (KMT) said on Tuesday he is in no rush to travel to China to meet President Xi Jinping, and that Beijing’s proposals to get Taiwan to accept Communist rule had “no market” on the island. 4:35am EST

Chinese fintech platforms expected to meet capital requirements within two years: regulator

China’s financial technology companies are expected to meet capital adequacy requirements within a maximum of two years, said Guo Shuqing, head of the China Banking and Insurance Regulatory Commission (CBIRC) on Tuesday. 4:34am EST

China considers ways to manage financial risks stemming from capital inflows

China is studying ways to manage capital inflows to prevent turbulence in the domestic market as the authorities are “very worried” about the risk of bubbles bursting in foreign markets, its top banking and insurance regulator said on Tuesday. 4:16am EST

China extends lead over U.S. in global patents filings, U.N. says

China was the biggest source of applications for international patents in the world in 2020 for the second consecutive year and extended its lead over No. 2 filer the United States, the U.N. patent agency said on Tuesday. 4:07am EST

China’s electoral reform ‘earthquake’ set to upend Hong Kong politics

China’s plan to dramatically reform Hong Kong’s electoral system, expected to be unveiled in a parliamentary session in Beijing starting this week, will upend the territory’s political scene, according to more than a dozen politicians from across the spectrum. 3:27am EST

China’s Nio posts bigger-than-expected loss, slowing EV sales growth in first-quarter

China’s Nio Inc posted a wider-than-expected loss and flagged a slowing pace of deliveries for its electric vehicles (EV) in the current quarter, sending its U.S.-listed shares down 7% in extended trading. 1:25am EST

As economy rebounds, China parliament to address long-term pitfalls

China’s annual session of parliament will chart a course for economic recovery and unveil a five-year plan to fend off stagnation, as strategic rivalry with the United States spurs a shift to reliance on consumption and home-grown technology. 12:40am EST

China, U.S. should lift COVID-19 travel bans if herd immunity reached, Chinese epidemiologist says

China and the United States should remove all barriers to travel between the two countries if the United States achieves herd immunity for COVID-19 with 90% of its population vaccinated, potentially by August, a Chinese epidemiologist has said. Mar 01 2021

Biden’s trade rep pick says she will fight Chinese trade barriers, including censorship

President Joe Biden’s U.S. trade representative nominee, Katherine Tai, said on Monday she would work to fight a range of “unfair” Chinese trade and economic practices and would seek to treat Chinese censorship as a trade barrier. Mar 01 2021

Venezuela approves use of China’s Sinopharm coronavirus vaccine

Venezuela has approved the use of China’s Sinopharm vaccine against the novel coronavirus, the South American country’s health ministry said on Monday, after it began administering Russia’s Sputnik V vaccine last month. Mar 01 2021

Senior Chinese politician labels Australia’s economy as unfair and political

A senior spokesperson for the Chinese government has accused Australia of “politicising” its trade relationship with China and being against a free market.9News19 hours ago

Chinese diplomat Wang Xining claims being a friend of China is seen as a ‘sin’ in Australia, hits out at Australian media reporting

China’s most high-profile diplomat in Australia, Wang Xining, says “history will prove that it is wise and visionary to be China’s friends, and your children and …ABC News16 hours ago

China’s top bank regulator warns of ‘bubble risks’ in foreign markets

China’s top banking regulator has warned of the risk of bubbles in international markets and within the country’s own real estate sector, in the latest sign of …Financial Times15 hours ago

China warns ‘side effects’ of US economic stimulus risk causing sharp market correction

The “side effects” of aggressive economic stimulus policies in the United States and other developed countries have started to surface in the US stock market, …Yahoo Finance14 hours ago

US, Canada hail Taiwan’s ‘freedom pineapples’ after Chinese ban

The de facto US and Canadian embassies in Taiwan praise the quality of pineapples grown on the island, releasing photographs of their top diplomats in Taipei …ABC News10 hours ago

The factors that could lead to war between the US and China | The Strategist

When China’s foreign minister, Wang Yi, recently called for a reset of bilateral relations with the United States, a White House spokesperson replied that the US …The Strategist42 minutes ago

China’s vexing debt issue

As the Chinese political elite prepare to gather in Beijing, there have been two conspicuous warnings on the country’s lingering debt problem.The Australian Financial Review18 hours ago

Japan asks China to stop performing anal swab tests for COVID on its citizens

Foreign governments are expressing concerns over anal testing as Beijing claims the controversial practice is more accurate than nasal or mouth swabs.ABC NewsYesterday

Power rationing in China is unrelated to Australian coal embargo

Author: Huw Slater, ICF. In December and January, at the height of winter, central and eastern China undertook its most extensive power rationing in a decade.East Asia Forum1 hour ago

Hong Kong: ‘patriotism test’ for public officials shows China’s increasing assertiveness

New laws demand that all public officials swear loyalty to China and the Communist Party.The Conversation UK12 hours ago

Biden Putting Tech, Not Troops, at Core of U.S.-China Policy

(Bloomberg) — The Biden administration is moving to put semiconductors, artificial intelligence and next-generation networks at the heart of U.S. strategy toward …Yahoo Finance Australia22 hours ago

WHO investigators deeply sceptical of China’s Covid origin theory

World Health Organization investigators have downplayed a Chinese theory that coronavirus was brought to Wuhan through frozen food, underlining the …Financial Times16 hours ago

Did China rescue Australia from the 2020 recession?

Being so closely linked to one of the fastest growing countries in the world has given the Australian economy a massive boost for many years, but none more-so …Yahoo Finance AustraliaYesterday

Another nuclear power joins the dispute in the South China Sea

Beijing is stepping up operations in the South China Sea in an effort to “modernise” its armed forces, whil…9News20 hours ago

Jack Ma loses title as China’s richest man after coming under Beijing’s scrutiny

BEIJING (Reuters) – Alibaba and Ant Group founder Jack Ma has lost the title of China’s richest man, a list published on Tuesday showed, as his peers …Reuters6 hours ago

China overtakes US to host most dollar billionaires as 2020 stock market rally defied Covid-19 and minted wealth at a record pace

One in every two newly minted dollar-denominated billionaires last year were in China, the first country to exit from a nationwide pandemic lockdown and the …Yahoo Finance14 hours ago

China’s factory activity slows for third straight month

Subdued export orders slowed China’s factory activity in February to its weakest pace in nine months, dampening the country’s post-coronavirus economic …The Australian Financial Review2 days ago

China’s electoral reform ‘earthquake’ set to upend Hong Kong politics

China’s plan to dramatically reform Hong Kong’s electoral system, expected to be unveiled in a parliamentary session in Beijing starting this week, will upend the …Reuters15 hours ago

China, U.S. should lift COVID-19 travel bans if herd immunity reached, Chinese epidemiologist says

China and the United States should remove all barriers to travel between the two countries if the United States achieves herd immunity for COVID-19 with 90% of …Reuters21 hours ago

What China’s last major war tells us about how it will fight the next one

China’s military has changed dramatically since the 1979 Sino-Vietnamese War, but that brief conflict is still relevant for Beijing and its neighbors.Business Insider10 hours ago

Coronavirus origin Wuhan: Grim fate of China’s COVID-19 whistleblowers

The devastating impact of China’s crackdown on anybody who dared speak the truth about what was happening at the beginning of the coronavirus pandemic …NEWS.com.au2 days ago

China’s most important chipmaker SMIC could be a big winner from the global semiconductor shortage

China’s SMIC, the target of U.S. sanctions, could find its older chip technology in demand from carmakers scrambling to get their hands on semiconductors.CNBC21 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 News3 days ago

Cowardice of foreign media to explain the complexity of China

China has been pinned increasingly more labels by Western world, which shaped the West’s perception of China. Intentionally or unintentionally, some Western …Global Times11 hours ago

Chinese vaccines sweep much of the world, despite concerns

TAIPEI, Taiwan (AP) — The plane laden with vaccines had just rolled to a stop at Santiago’s airport in late January, and Chile’s president, Sebastián Piñera, was …Associated Press18 hours ago

China beats US in patent filings for second straight year

VIENNA — China has captured the top spot in 2020 among international patent applications for the second consecutive year, a United Nations ranking re.Nikkei Asia5 hours ago

Turkey Widens War Tech Hunt by Tapping Pakistan’s China Ties

Turkey is pushing to co-manufacture warplanes and missiles with Pakistan, a hookup that could also give it access to prized war technology from China.Bloomberg4 hours ago

India is re-engaging with China and Pakistan — it’s another pre-emptive Modi strike

From reopening Chinese investments in India to re-engaging with Pakistan to reshaping its position on climate change, India is slowly turning its foreign policy …ThePrint16 hours agoOpinion

Chinese Tesla rival Nio says global chip shortage will hit its electric car production

Chinese electric car start-up Nio said Tuesday a shortage in semiconductors and batteries will cut its production capacity in the second quarter to 7,500 vehicles …CNBC7 hours ago

In Indo-Pacific, US eyes ‘agile’ posture to dodge Chinese missiles

WASHINGTON — The U.S. will deploy its Indo-Pacific military presence far and wide rather than keep it concentrated at a handful of bases as it seeks to protect …Nikkei Asia5 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 steel imports surge 150% in 2020 on economic stimulus boost

TOKYO/HANOI — China’s imports of steel increased by 150% to 38.56 million tons in 2020, according to the country’s customs agency, as its produc.Nikkei Asia22 hours ago

Iraq receives first batch of COVID-19 vaccines from China

BAGHDAD (Reuters) – Iraq received its first 50,000 doses of the Sinopharm COVID-19 vaccine donated by China as the country is struggling to cope with a new …Reuters13 hours ago

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

BEIJING (Reuters) – China’s factory activity expanded in February at a slower pace than a month earlier, hitting the lowest level since last May and missing …Reuters3 days ago

North American groups seek to break China’s grip on rare earths supply

Three North American companies are setting up a rare earths supply chain to reduce dependence on China for the vital metals used in weapons, electric …Financial TimesYesterday

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

U.S. Influence Wanes in Southeast Asia As China’s Increases

The Biden administration made democracy a top foreign policy issue. Myanmar’s coup represents an early test. The U.S. responded with tough talk and targeted …NPR13 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 News14 Feb

Exclusive: India woos Tesla with offer of cheaper production costs than China

NEW DELHI (Reuters) – India is ready to offer incentives to ensure Tesla Inc’s cost of production would be less than in China if the carmaker commits to making …Reuters11 hours ago

China Charges Ahead With a National Digital Currency

The electronic Chinese yuan is now being tested in cities such as Shenzhen, Shanghai and Beijing. No other major power is as far along with a homegrown …The New York TimesYesterday

India, Pak, China must build on de-escalation, resist hubris that exults in unilateral triumphalism

If all three powers, China, Pakistan and India, can draw the appropriate lessons in humility, there is hope for regional politics to turn over a new leaf.The Indian Express21 hours agoOpinion

Criminal initiative targeting scholars who allegedly hid Chinese funding and affiliations comes under growing scrutiny

Arrest of MIT professor Gang Chen puts a spotlight on the Department of Justice’s controversial China Initiative. Is it making major cases out of minor issues?Inside Higher Ed15 hours ago

Bulk Buys: China’s record steel prices support iron ore, coking coal demand cools

Potential steel production cuts in China and a rise in Brazil’s exports in February trimmed $US1.50 off iron ore prices this week to $US174.50 per tonne.Stockhead4 hours ago

Being Chinese in Australia: Public Opinion in Chinese Communities

More than 1.2 million people of Chinese heritage live in Australia today. Their experiences are as diverse as their views; many were born in Australia, with …The Interpreter6 hours ago

China dismisses reports that it caused a major power outage in Mumbai in October

New Delhi: China on Tuesday dismissed reports that it had in October caused a major power outage in India’s financial capital Mumbai which brought activities …Mint4 hours ago

A Spreadsheet of China’s Censorship Shows the Human Toll

An online spreadsheet with an anonymous minder tabulates Xi Jinping’s crackdown on speech.The New York Times4 days ago

Coronavirus Australia LIVE UPDATES: Chinese vaccines sweep the world

Pharmaceutical giant CSL warns vaccine variants to combat mutant strains of coronavirus are unlikely to be available until towards the end of the year, as it …The Australian Financial Review15 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.au4 days 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 19 Feb

Copying China’s Online Blockade

How other countries’ efforts to control the internet compare with China’s Great Firewall.The New York TimesYesterday

Analysis: China’s CO2 emissions surged 4% in second half of 2020

A surge in China’s output of carbon dioxide (CO2) in the second half of last year pushed the country’s emissions above their 2019 total, despite the impact of the …Carbon BriefYesterday

U.S. is ‘not prepared to defend or compete in the A.I. era,’ says expert group chaired by Eric Schmidt

The U.S. is drastically underprepared for the age of AI, according to the National Security Commission on AI, which is chaired by Eric Schmidt.CNBC8 hours ago

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.CNBC5 days ago

Dow Jones Industrial Average Fell as China Spooked Stock Investors

Stocks were challenged Monday after comments from a Chinese regulator insinuated he sees the stock market as overvalued. The remarks overshadowed …Barron’s2 hours ago

Blackburn urges Biden to ensure WHO’s China COVID probe is free from conflict of interest

EXCLUSIVE: Sen. Marsha Blackburn, R-Tenn., on Tuesday urged President Biden to use his leadership to ensure the investigation into the origins of the …Fox News11 hours ago

Investors cheer second Japanese takeover by China’s Hisense

HONG KONG — A unit of Hisense Group, a major home-electronics maker in China, has reached a deal to purchase a controlling stake in a Japanese auto p.Nikkei Asia13 hours ago

Chinese £3,200 budget electric car takes on Tesla

The mini electric vehicle being made by China’s biggest carmaker is now outselling Tesla two to one.BBC News6 days ago

Europe’s unified vaccination strategy is splintering as countries turn to Israel, China and Russia for help

The European Union’s 27-nation vaccine strategy is splintering as member states turn to nations outside the bloc to boost a faltering rollout plagued by supply …CNN 3 hours ago

Chinese Developer’s $4.6 Billion in Offshore Debt Is in Doubt After Default

A developer of industrial parks joined the ranks of Chinese companies defaulting on international borrowings, with its failure to repay a maturing bond casting …The Wall Street Journal13 hours ago

Mint Lite | China patents, Nigerian schoolgirls, Syrian detentions & more

China, which last year overtook the United States as the world’s top filer of international patents, a key measure of technical innovation, increased its lead …Mint13 minutes ago

Taiwan fines researcher for allegedly managing projects on Chinese mainland

Taiwan’s education ministry has fined prominent chemical engineer Lee Duu-Jong for allegedly managing research projects funded by the Chinese mainland …Nature.com13 hours ago

Dutch parliament: China’s treatment of Uighurs is genocide

The Dutch parliament on Thursday passed a non-binding motion saying the treatment of the Uighur Muslim minority in China amounts to genocide, the first such …Reuters5 days ago

Carter Center says its China-focused mission promotes democracy, not propaganda

Paige Alexander, CEO of the Carter Center founded by former President Jimmy Carter and his wife, responds to a letter from Republican members of Georg.Atlanta Journal Constitution4 hours ago

Facebook bans content sharing in Australia, Texas battles cold, China’s digital currency

Facebook has defied Australia’s push to make Big Tech pay for news by banning the sharing of *content* on its platform in the country, the oil and gas industry in …Financial Times18 Feb

China-Australia Slump Continues to Deepen – The Diplomat

The formal arrest of an Australian citizen by Chinese authorities continues the downward trend in bilateral relations.The Diplomat11 Feb

Marines Downgrade Russia Threat To Focus on China

Commandant Gen. David Berger tells SecDef Austin he won’t ask for more money in the new budget, but asks for authority to kick tanks, helicopters, out of the …Breaking Defense7 hours ago

Myanmar protesters accuse China of backing coup plotters

Members of a nationwide civil disobedience movement opposing Myanmar’s coup are venting their anger at China, which protesters accuse of helping the …Financial Times17 Feb

Biden urged to back AI weapons to counter China and Russia threats

A long-awaited report says the US president should ignore calls for a ban on autonomous weapons.BBC NewsYesterday

Microsoft: China-based hackers found bug to target US firms

Microsoft says China-based government hackers have exploited a bug in its email server software to target U.S. organizations. The tech company said Tuesday …WBNG-TV14 minutes ago

Falling foam insulation caused Chinese commercial rocket failure

Chinese commercial launch company iSpace stated Monday that an errant piece of foam insulation caused the loss of its Hyperbola-1 rocket in February.SpaceNews12 hours ago

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