China in the News: March 4, 2021

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Daily news headlines about China from around the world

ByteDance developing Clubhouse-like app for China amid copycat rush: sources

TikTok owner ByteDance is working on a Clubhouse-like app for China, sources familiar with the matter said, as the global success of the U.S.-based audio chat service inspires a rush of copycats in the country. 2:18am EST

China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 billion

China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount. Mar 03 2021

China’s market rates unlikely to rise rapidly in short term: state media

China’s market interest rates are unlikely to rise rapidly in the short term despite the recent sharp uptick in U.S. bond yields, the state-run China Securities Journal said on Thursday. Mar 03 2021

U.S. calls German warship’s plan to sail South China Sea support for rules-based order

The United States on Wednesday hailed plans by NATO ally Germany to sail a warship across the contested South China Sea, calling it welcome support for a “rules-based international order” in the region, something Washington says is threatened by China. Mar 03 2021

Biden administration singles out China as ‘biggest geopolitical test’ for U.S

President Joe Biden singled out a “growing rivalry with China” as a key challenge facing the United States, with his top diplomat describing the Asian country as “the biggest geopolitical test” of this century. Mar 03 2021

Former Hong Kong chief C.Y. Leung does not rule out return to post

Former Hong Kong Chief Executive C.Y. Leung, among the most vocal supporters of Beijing’s moves to tighten control over the territory, did not rule out a return to his former post in an interview on Wednesday. Mar 03 2021

Tencent boss to call for tighter governance on China’s internet economy: state media

The founder and CEO of technology giant Tencent Holdings plans to call for tighter governance of the internet economy at China’s parliamentary meeting in Beijing, state broadcaster China National Radio (CNR) said on Wednesday. Mar 03 2021

Citing lack of data, Polish health minister does not recommend Chinese shot

Polish Health Minister Adam Niedzielski said on Wednesday he did not currently recommend using Chinese company Sinopharm’s COVID-19 vaccine because of a lack of data. Mar 03 2021

Factbox: China’s controversial anal tests for coronavirus upset visitors

Foreign visitors have been upset by China’s anal swab tests for COVID-19, prompting complaints of inconvenience and even psychological trauma, and stoking debate over their necessity. Mar 03 2021

Concerns over China vaccine diplomacy “narrow-minded”: political advisory body

Concerns about China using vaccines to sway other countries are “narrow-minded,” a top political advisory body said, apparently dismissing a notion among rival powers that Beijing exploits the fight against COVID-19 to boost its global influence. Mar 03 2021

Microsoft says Chinese hackers targeted groups via server software

A China-linked cyber-espionage group has been remotely plundering email inboxes using freshly discovered flaws in Microsoft mail server software, the company and outside researchers said on Tuesday – an example of how commonly used programs can be exploited to cast a wide net online. Mar 03 2021

Ukraine COVID-19 hospitalisations rise to record as Chinese vaccine faces delay

A record number of Ukrainians were taken to hospital with coronavirus over the past 24 hours, while the number of deaths remains consistently high, health ministry data show on Wednesday. Mar 03 2021

Prickly problem: Taiwan says won’t be beaten by China pineapple ban

Taiwan will not be beaten by China’s ban on pineapple imports and will rally round its farmers to turn crisis into opportunity with new markets and more sales at home, President Tsai Ing-wen said on Wednesday, offering a defiant rebuke to Beijing. Mar 03 2021

Breakingviews – Capital Calls: China walks back tough rate talk

Concise insights on global finance in the Covid-19 era. Mar 03 2021

U.S. working with allies on COVID-19 vaccine strategy in Asia to counter China: FT

The United States is working with allies Japan, India and Australia on a plan to distribute COVID-19 vaccines in Asia to counter the influence of China, the Financial Times newspaper reported on Wednesday, citing people familiar with the talks. Mar 03 2021

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. Mar 03 2021

China fines group-buying platforms owned by Meituan, Pinduoduo over improper pricing

China fined on Wednesday five community group-buying platforms owned and backed by the likes of Meituan, Pinduoduo, Tencent Holdings, Alibaba Group and Didi Chuxing, citing “improper pricing behaviour”. Mar 03 2021

One in five Chinese Australians report attacks or threats amid pandemic, rising tensions

One in five Chinese Australians say they have been physically threatened or attacked in the past year because of the COVID-19 pandemic and tensions in Australia’s relationship with China, a survey by the Lowy Institute think tank reported. Mar 02 2021

China confirms swine fever in piglets in Yunnan province

An outbreak of African swine fever has been confirmed in piglets being illegally transported through Funing county in China’s southwestern province of Yunnan, the farm ministry said. Mar 02 2021

Breakingviews – Xi’s green campaign will restructure state sector

Xi Jinping’s push to make the world’s second-largest economy carbon-neutral by 2060 will reshape the state sector. Equity investors have applauded moves by energy giants like Sinopec and PetroChina to jump on the green bandwagon. But creditors and smaller players in coal and heavy industries might shiver. Mar 02 2021

Thousands of fake doses of COVID-19 vaccines seized in China and South Africa

Police in China and South Africa seize thousands of fake doses of COVID-19 jabs, global police organisation Interpol says, warning this represented only the “tip …ABC News3 hours ago

‘There will be problems’: China fears the blowback from global financial bubbles

Global markets are awash with liquidity, with the risk of financial “bubbles” rising as central banks continue to pour monetary stimulus into their economies in …Sydney Morning HeraldYesterday

Biden puts Australia and allies at centre of China strategy

US President Joe Biden has put Australia and other Asian allies at the centre of an aggressive foreign policy strategy that paints China as the primary threat to …The Australian Financial Review5 hours ago

China focuses on booming post-Covid economy at annual meeting

China’s National People’s Congress, the country’s annual rubber-stamp parliament session, will convene on Friday for a meeting set to focus on a problem many …Financial Times3 hours ago

Analysis: China firms up plan for 2035 road and railway to Taiwan

Katsuji Nakazawa is a Tokyo-based senior staff writer and editorial writer at Nikkei. He spent seven years in China as a correspondent and later as Ch.Nikkei Asia12 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 StrategistYesterday

China trade tensions inflamed racist threats, attacks: report

Chinese-Australians have been ‘collateral damage’ amidst the breakdown in Australia-China relations, Lowy Institute research has found.Yahoo Finance AustraliaYesterday

‘If the others go I’ll go’: Inside China’s scheme to transfer Uighurs into work

A high-level Chinese study says a massive work scheme is reducing Uighur population density in Xinjiang.BBC NewsYesterday

New African swine fever variants kill millions of pigs in China, devastating herd rebuild plan

A second wave of African swine fever (ASF) is estimated to have killed as many as eight million pigs in China since the start of the year, derailing the country’s …ABC News12 hours ago

China worries over rare-earth supply disruption from Myanmar coup

HONG KONG — While China reigns as the largest producer of rare-earth elements, the recent military coup in Myanmar has reminded Beijing of its relian.Nikkei Asia3 hours ago

Bill Birtles, on China – Conversations

In 2015 Bill began his dream job as the ABC’s China Correspondent. Five years later, 7 State Security police officers visited him in the middle of the night and …ABC NewsYesterday

Commentary: To its own detriment, the US still doesn’t understand China

Biden plans to build a concert of democracies to contain China, but this will leave everyone worse off, say Andrew Sheng and Xiao Geng.CNA10 hours agoOpinion

Critics question China’s right to host Winter Olympics

Some lawmakers in the Netherlands, Canada and the US say China should be stripped of 2022 Games over human rights abuses.POLITICO.eu4 hours ago

Family Disappears Amid China’s Detention Of Mostly Ethnic Uyghurs

A family in China’s region of Xinjiang left videos, pleading for help as authorities mounted a mass detention campaign. Then they disappeared.NPR22 hours ago

China’s pork herd recovery still a long way off – despite Govt rhetoric

INDEPENDENT meat industry analyst Simon Quilty has written-off recent optimistic Chinese rhetoric around its pig herd recovery, suggesting the country’s pork …Beef Central3 hours ago

Death threats, distrust and racism: how anti-Chinese sentiment in Australia ‘seeped into the mainstream’

Threatening letters sent to Asian councillors and a surge in race hate attacks during the pandemic has renewed calls for a centralised hate tracker.The Guardian4 hours ago

U.S. issues warning after Microsoft says China hacked its mail server program

The U.S. has issued an emergency warning after Microsoft said it caught China hacking into its mail and calendar server program, called Exchange.NBC News8 hours ago

China Is Not Ten Feet Tall

China, the story goes, is inexorably rising and on the verge of overtaking a faltering United States. China has become the largest engine of global economic …Foreign Affairs MagazineYesterday

China-Australia education sector takes hit amid trade row, survey shows

More than 80 per cent of companies in the China-Australia education sector say bilateral tensions have hurt business over the past year, according to a new …South China Morning Post11 hours ago

Nearly one in five Chinese-Australians threatened or attacked in past year, survey finds

The Covid pandemic and worsening China-Australia tensions are spilling over into discrimination, the Lowy Institute says.The GuardianYesterday

China Claims It Has Eliminated Poverty But Is That True?

Over the past eight years, some 100 million people in rural China have emerged from poverty, a sign of economic progress trumpeted by President Xi Jinping.Voice of America20 hours ago

EXPLAINER: What to look for at China’s annual Congress

BEIJING (AP) — China’s legislature begins its annual meeting this week with economic growth, climate and a crackdown on political opponents in Hong Kong …The Ridgefield Press6 hours ago

Preparing for a long winter in Australia–China relations | The Strategist

One of the joys of fatherhood is being reacquainted with the fairy tales and fables of youth. Such stories endure because behind their superficial narratives lies …The Strategist4 hours ago

Romania reveals the limits of China’s reach in Europe

While much of Western Europe rolls out the red carpet for Beijing, Bucharest is taking a tougher approach.POLITICO.eu4 hours ago

China pours $49bn into Tibetan railway in development push

BEIJING — China has begun construction of a rail line that would greatly improve access to Tibet at a cost of 319.8 billion yuan ($49.4 billion)Nikkei Asia15 hours ago

Outlook for China-Australia trade bleak, agribusiness experts warn

Agribusiness experts have little optimism Australia’s trade with China will improve over the next five years, fearing the relationship will get worse before it gets …NEWS.com.au3 hours ago

The politics of being Chinese in Australia

The release of the Lowy Institute’s Being Chinese in Australia: Public Opinion in Chinese Communities, based on one of the largest surveys of the …The InterpreterYesterday

Chinese investment in Australia plunged by more than 60 per cent in 2020 as trade war rages

China’s bitter battle with Australia has cost us billions, with investment plummeting to a record low in 2020.NEWS.com.au3 days ago

Czech Republic to get Chinese vaccines

Beijing ‘immediately’ agreed to sending vaccines to the second EU recipient after Hungary.POLITICO.eu11 hours ago

Australia GDP underpinned by China trade, Q4 results better than expected

Australia posted better-than-expected fourth-quarter GDP growth of 3.1 percent, in part due to its booming iron ore trade with China, Chinese analysts said.Global Times19 hours ago

Taiwan chips will stay competitive despite rising challenge from China, Taiwan minister says

Taiwan will remain competitive in the semiconductor industry in the face of Chinese ambitions, Wang Mei-hua, the island’s minister of economy told CNBC.CNBC4 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 InterpreterYesterday

Erasing memory in China’s Tibet – The Interpreter

The Chinese Communist Party is employing familiar tactics to assert its rule. When co-opting fails, coerce or silence.The Interpreter3 days ago

Austin wants to pivot to China. But can he pay for it?

Defense Secretary Lloyd Austin is saying all the right things to make China hawks happy. He told lawmakers that countering Beijing is a top priority. He tapped a …POLITICO11 hours ago

Australia’s GDP bounce defies China’s trade pressure

SYDNEY — Australia’s economy grew a brisk 3.1% last quarter, marking the first time gross domestic product has expanded more than 3.0% for two consec.Nikkei Asia2 hours ago

US and Asia allies plan Covid vaccine strategy to counter China

The US is working with Japan, India and Australia to develop a plan to distribute Covid-19 vaccines to countries in Asia as part of a broader strategy to counter …Financial TimesYesterday

China Stocks Approach This Year’s Low as Traders Sell Favorites

Mainland traders rushed to offload institutional favorites on Thursday, as concerns about lofty valuations and tightening liquidity conditions sent China’s stock …Bloomberg32 minutes ago

Fitch Rates China Everbright Bank HK Branch’s Proposed USD Notes ‘BBB(EXP)’

Fitch Ratings – Hong Kong/Shanghai – 03 Mar 2021: Fitch Ratings has assigned an expected rating of ‘BBB(EXP)’ to China Everbright Bank Company Limited’s …Fitch Ratings4 hours ago

China using Big Tech firms to attack BBC in state propaganda campaign, says report

Same Twitter network used by Beijing to spread Covid conspiracies is now being used to discredit the BBC.Telegraph.co.uk3 hours ago

Don’t get fooled by Xi’s media blitz. China’s ‘zero poverty’ hides more than it reveals

Across news media outlets and social media platforms, the blitz around China’s poverty alleviation campaign has fixated millions. On 25 February, Chinese …ThePrintYesterdayOpinion

China’s market rates unlikely to rise rapidly in short term: state media

SHANGHAI (Reuters) – China’s market interest rates are unlikely to rise rapidly in the short term despite the recent sharp uptick in U.S. bond yields, the state-run …Reuters6 hours ago

What to watch out for at China’s annual parliamentary session

The session will be watched for a *fresh* blueprint of the economic trajectory and environmental targets.. Read more at straitstimes.com.The Straits Times20 hours ago

A major Chinese bitcoin mining hub is shutting down its cryptocurrency operations

Bitcoin mining consumes more energy per year than entire countries and China is looking to clean up its consumption.CNBCYesterday

Whether China hating or not, Western media’s influence dwindles here

Chinese people have already seen through Western media’s sets of tricks to stigmatize China. Hence, nobody would use what Western media say as a criterion …Global Times23 hours ago

China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 billion

BEIJING (Reuters) – China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a …Reuters5 hours ago

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