China in the News: June 4, 2021

China News
China News

Daily news headlines about China from around the world (past 24 hours)

Tesla shares drop on report of steep May sales decline in China – CNBC has not corroborated that report. Elon Musk’s electric vehicle company has been grappling with recalls and safety investigations in China. In …

Tesla’s China orders halved in May – The Information – China is the electric car maker’s second-biggest market after the United States and accounts for about 30% of its sales. Tesla makes electric Model 3 sedans and …

Tesla stock slides deeper into the red after report that China orders halved – TSLA, -5.33% shares dropped further on Thursday after The Information reported that the Silicon Valley electric-car maker’s vehicle orders in China fell by nearly …

Biden Bans Investment in Chinese Firms Linked to Surveillance – Mr. Biden’s aides said the move was justified by a new American commitment not to facilitate Chinese repression and human rights abuses. But China regularly …

Biden prohibits U.S. investment in 59 Chinese companies allegedly tied to military, surveillance – President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and …

Biden Expands Blacklist of Chinese Companies Banned From U.S. Investment – Move shows Biden’s willingness to continue some of the hard-line China policies from the Trump administration. President Biden’s executive order brings to 59 the …

Tesla recalls hundreds of Model 3 cars that were shipped to China – Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters. BEIJING — Tesla is …

China restricted imports from Australia. Now Australia is selling elsewhere – “Exports to China have predictably collapsed in the areas hit by sanctions, but most of this lost trade seems to have found other markets,” said Roland Rajah, lead …

Xi’s call for a ‘lovable’ China may not tame the wolf warriors – Chinese Foreign Ministry spokesman Zhao Lijian enters a daily briefing in Beijing …

Slow to start, China steps up the pace on vaccination – Chinese public health leaders say they hope to inoculate 80 percent of the country’s 1.4 billion population by the end of 2021. A resident receives the Anhui Zhifei …

Slow to start, China now vaccinating at a staggering pace – In the span of just five days last month, China gave out 100 million shots of its COVID-19 vaccines. After a slow start, China is now doing …

China elephants: Herd on mammoth 500km trek reaches Kunming – China has only about 300 wild elephants, mainly in the south of Yunnan province. Scientists say this is the furthest any of the wild elephants there have travelled …

15 Chinese Elephants Are On a 300-Mile Journey. Why, No One Knows. – But for some reason, a herd of 15 Asian elephants has been lumbering its way across China for more than a year, traveling more than 300 miles through villages, …

Elephant herd razes 500-kilometer path of destruction after escape from China nature reserve – A herd of 15 elephants has wreaked havoc in China, trampling crops and causing more than a million dollars’ worth of damage, after the animals …

Apple uses more suppliers from China than Taiwan for first time, data shows – Apple uses more suppliers from China than Taiwan for first time, data shows. The tech giant has become more, not less, dependent on the US’s superpower rival in …

Ahead of Tiananmen anniversary, Taiwan urges China to return power to the people – Taiwan urged China on Thursday to return power to the people and embark on real political reform rather than avoid facing up to the bloody 1989 Tiananmen …

China defends Cambodia relations after US expresses concern – In a meeting with Cambodian Prime Minister Hun Sen on Tuesday, U.S. Deputy Secretary of State Wendy Sherman focused on China’s construction of new …

China’s ‘splinternet’ will create a state-controlled alternative cyberspace – China’s ‘splinternet’ will create a state-controlled alternative cyberspace. Flavia Kenyon. Beijing is using blockchain to build …

Stronger’ Bets the United States Can Outlast China – Ryan Hass’s book Stronger: Adapting America’s China Strategy in an Age of Competitive Interdependence is the hottest take on American attitudes toward …

China rushes to pull back the yuan from a three-year high – The Chinese yuan has strengthened to three-year highs against the U.S. dollar, spurring … The People’s Bank of China made a rare announcement Monday that …

China’s new ‘tang ping’ trend aims to highlight pressures of work culture – China has a shrinking labour market and young people often work more hours. The term “tang ping” is believed to have originated in a post on a popular Chinese …

China’s Biotech Learning Curve – Here’s the latest news from the global pandemic. Supply chains pressured in China as ships avoid virus-hit port; World’s food prices surge to highest in almost a …

A new children’s film about Zhou Enlai reveals a lot about China today – China’s leader, President Xi Jinping, is presented to the young as “Xi Dada”, or “Uncle Xi”, an austere but caring patriarch. Mr Xi stresses the importance of loyalty, …

Does the U.S. Need a Digital Dollar to Counter China’s Threat? – Some lawmakers in Congress view China’s new digital currency as a growing threat to the dollar, and they’re urging the Federal Reserve to get moving on a …

China warns two-thirds of regions for missing energy targets – China’s state planner on Thursday warned provincial and regional governments against missing their energy consumption and efficiency targets for 2021 after …

South Korea’s cultural spats with China are growing more intense – In the past few months South Koreans have repeatedly taken to social media to rail against the “excessive” presence of Chinese brands on domestic television, …

Factbox: U.S. Treasury updates list of Chinese entities hit by investment ban – The U.S. Treasury Department is updating a government list of Chinese companies with alleged ties to defense or surveillance …

Trump and raging pandemic helped China dodge COVID accountability. We must demand it now. – The Chinese concept of face remains incredibly important, and the Chinese would have lost face if they owned up to a deadly pandemic spreading from a lab of …

China rapidly shifts from a two-child to a three-child policy – The government’s previous fears of galloping population growth now seem quaint. At 1.3, China’s fertility rate (the number of children an average woman is likely to …

China criticizes Western brands’ toys, clothes as unsafe – The Chinese government has accused H&M, Nike, Zara and other brands of importing unsafe or poor quality children’s clothes and other goods …

China: Account for Tiananmen Massacre – The Chinese government should acknowledge and take responsibility for the massacre of pro-democracy protesters in June 1989, Human Rights …

China says Hungarian politicians ‘beneath contempt’ for renaming streets – Beijing (AFP). China on Thursday blasted Hungarian politicians as “beneath contempt” after Budapest renamed streets over human rights flashpoints from Hong …

China farmers push back the desert – one tree at a time – Tree-planting has been at the heart of China’s environmental efforts for decades as the country seeks to turn barren deserts and marshes near its borders into …

China will soon open a new stretch of rail across Tibet – This involves building Tibet’s second rail link with China’s interior at a total cost that state media say could be about ten times that of the Lhasa-Nyingchi stretch, …

Fauci defends China, claims it’s ‘far out’ COVID was created in a lab – Dr. Anthony Fauci rushed to China’s defense in two separate interviews — claiming the theory that COVID-19 leaked from a Wuhan laboratory is “far out” and …

Blackouts, soaring commodity prices hit Hong Kong firms on mainland – China’s domestic demand and exports continue to recover from the coronavirus pandemic, with factory orders at about 70 to 80 per cent of pre-pandemic levels, …

Remy Cointreau beats forecasts on U.S., China sales – PA on Thursday beat annual profit expectations amid U.S. and Chinese demand for premium cognac but its shares fell after investment plans pointed to slower …

The China syndrome: Delaying or averting the path to conflict – TheHillI was both right and wrong. I concluded that, while the Chinese had the long view of history, compared to the West, and the People’s Republic of China (PRC) saw …

Jack Ma’s Ant Group gets nod to operate consumer finance firm, a key step in fixing regulatory issues – Ant will hold a 50% stake in the new entity and contribute 4 billion Chinese yuan ($625.93 million) in registered capital, the China Banking and Insurance …

Is Biden’s spending plan enough to halt China’s economic ascension? – Since China’s post-pandemic economic growth is already showing signs of peaking, and the US economy is accelerating, it is possible the American growth rate …

China Forbids Publicly Memorializing Tiananmen
Massacre. Will Hong Kong Follow?
– Tomorrow, June 4, marks 32 years since Chinese soldiers cleared pro-democracy protesters from Beijing’s Tiananmen Square. It is believed the troops killed …

Biden declares June a ‘national month of action’ in bid to boost vaccinations – China appeared to be nearing herd immunity, with more than 660 million shots administered, while cases surged across South America. Deaths Cases …

China’s services activity growth slows in May – Caixin PMI – Though slower to recover from the epidemic than manufacturing, a gradual improvement in consumption has stimulated activity in China’s services sector, which …

China makes desalination push to ease water scarcity – China will invest in new desalination plants over the 2021-2025 period and raise capacity to 2.9 million tonnes a day in a bid to boost …

Will Huawei’s Android knockoff appease China’s technology hawks? – Now, the Chinese tech giant hopes it can stage a comeback by developing its own operating system: HarmonyOS. Huawei rolled out HarmonyOS for its latest …

Fauci: Don’t be ‘accusatory’ with China on coronavirus investigation – Fauci: Don’t be ‘accusatory’ with China on coronavirus investigation. Fauci was thanked last year by funder of Wuhan research for dispelling lab-leak theory. By …

Fashion wholesale marketplace JOOR opens China office – JOOR, an online marketplace that connects fashion brands and retailers around the world, has opened its first China office in downtown Shanghai as it eyes …

‘Too much pressure’: mixed reaction to China’s new 3-child policy – Beijing has relaxed its family planning rules, but researchers aren’t optimistic that young Chinese will want to have more kids; The cost of raising children may …

As yuan surges, US-China trade talks put spotlight back on exchange rate – signed with the US last year. But Washington is concerned Chinese state-owned banks might be acting as proxies for the People’s Bank of China (PBOC) to …

China launches Fengyun-4B meteorological satellite – China successfully sent the Fengyun-4B weather satellite into geosynchronous transfer orbit Wednesday with the country’s 16th orbital launch of …

U.S. Plows Cash Into R&D as China Triggers a ‘Sputnik Moment’ – Something similar may be under way now, when the challenge comes from China. Federal money for research and development, as a share of the economy, has …

Producer, consumer problems next on agenda for US-China trade talks – China, US agree to ‘pragmatically solve problems for producers, consumers’ as trade talks resume. Vice-President Liu He met US Treasury Secretary Janet Yellen …

The Chinese state is pumping funds into private equity – Wang Weizhong told angel investors late last year that if they set up a fund in the south China tech hub, the government would bear 40% of their losses. For the …

Liberals, Tories debate over fears criticizing China sparks anti-Asian racism hate – Tory MPs asked Justin Trudeau last week to respond to reports that scientists at a Winnipeg infectious-diseases laboratory had been collaborating with Chinese …

China hopes for post-Moore ‘fresh start’ for semiconductors – But senior Chinese officials see opportunities. Moore’s law has been a sore spot for China’s semiconductor industry. The country has plenty of good chip design …

Tracking China through indexes – Fred Zheng (pictured) at Triplicity writes on the growth of ETFs in China – With continuous improvement of the ETF market, the ETF market in China entered a …

Are Five Eyes nations banding together in united front against China? – This time the focus was squarely on China, shifting from more private intelligence sharing to a more public stance on policy towards Beijing. Besides Hong Kong …

Chinese Property Bonds Are Hot, Defaults Aside – Investors find more appetite for risk as they hunt for yields in a challenging market. China’s property bond sales are up, despite market challenges …

China plans Covid jabs for its nationals in India – China’s “Spring Sprout” programme was launched in March and more than 500,000 Chinese nationals in over 120 countries have benefited. READ FULL …

The Limits on China’s Role in Syria – Damascus may be keen to seek Chinese funds to rebuild, but interest from Beijing and Chinese firms will be tempered by caution. By Guy Burton, Nick Lyall, and …

China means you always say ‘Sorry!’ – But over a half-century later, the love of money has Hollywood falling all over itself to apologize to communist China. “Fast and Furious” is not only an exhaustive …

Slow to Start, China Mobilizes to Vaccinate at Headlong Pace – China’s total is roughly a third of the 1.9 billion shots distributed globally, according to Our World in Data, an online research site. The call to get vaccinated comes …

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