China in the News: July 8, 2021

By Craig Hill on July 8, 2021 • ( 0 )

What the world is saying about China (past 24 hours)

EXCLUSIVE LinkDoc becomes first Chinese firm to shelve U.S. IPO after Beijing’s crackdown – It is the first known Chinese firm to pull back from its IPO plans since the crackdown began last week with an investigation by China’s cybersecurity regulator into …

Outrage over crackdown on LGBTQ WeChat accounts in China – An online clampdown of social media accounts associated with China’s campus LGBTQ movement has sparked outrage, solidarity and backlash against the …

Chinese property portal gets pricey paint job – HONG KONG, July 8 (Reuters Breakingviews) – China’s answer to Zillow (ZG.O) is getting an expensive paint job. Less than two months after the unexpected …

China’s rival to Boeing and Airbus set to join battle for the skies – Spun out of China’s military aviation industry in 2008, Comac has announced close to 1,000 orders and options for the plane, mainly from domestic customers.

Chinese IPO detour benefits Hong Kong only so much – At the same time, if China’s stricter oversight of companies, especially technology-driven ones, limits those going overseas for capital, it stands to reason that Hong …

Study in China finds Covid-19 antibodies last at least 12 months – BEIJING (China Daily/ANN): Antibodies against the novel coronavirus can last … of recovered Covid-19 patients, a study published by Chinese researchers on …

Malaysia’s Petronas and China’s CNOOC sign $7bn LNG deal … – Despite China harassing Malaysia’s offshore gas developments last month, Malaysian national oil company (NOC) Petronas and state-backed China National …

China reveals secret programme of unmanned drone … – Testing showed it could detect a mock craft, use artificial intelligence to identify its origin, and hit it with a torpedo. Topic | China’s military weapons.

Prenatal test developed with Chinese military stores gene … – China’s biggest genomics firm, BGI began marketing the test abroad in 2013. Branded Nifty, it is among the world’s top selling non-invasive prenatal tests (NIPT).

China seizes two tonnes of smuggled pangolin scales from … – Pangolins are among the world’s most endangered species and their scales are prized in traditional Chinese medicine as a remedy for various ailments. China …

Australian lobsters ‘smuggled to China’ despite trade ban – They were among luxury goods confiscated in May when a speed boat heading to mainland China was intercepted by Hong Kong officials. READ MORE: China’s …

US extends Hong Kong emergency rules citing China … – US extends Hong Kong emergency rules citing China squeeze on the city. Sweeping sanctions power renewed by President Joe Biden who accuses Beijing of …

USMCA helps North America compete with China, Tai says… – Tai credited the USMCA for making the North American economy more competitive with China, as the Biden administration continues to bolster its global ties.

China Eyes RRR Cut to Aid Economy – China Eyes RRR Cut to Aid Economy. Daybreak Asia · TV Shows. July 7th, 2021, 6:51 PM PDT.

Chinese Tesla challenger debuts in Hong Kong with US$1.8 … – XPeng, which is already Nasdaq-listed and is chasing Tesla in China, is the latest Chinese company to list on the Hong Kong stock exchange, following other big …

Six vaccinated countries have high Covid infection rates. Five … – Chinese vaccines face rising doubts about their efficacy, compounded by a lack of … Still, experts say countries shouldn’t stop using Covid vaccines from China, …

Analysis: China is cracking down on data privacy. That’s … – Hong Kong (CNN Business) China spent months clipping the wings of some of its tech … Didi isn’t the only Chinese company now entering Beijing’s line of fire.

China and the US are locked in a superpower tech war to ‘win … – In a calm workspace above the bustling Huaqiangbei electronics market in Shenzhen, China, engineer Xiong Chang reaches for a metal part sitting on the desk …

Be prepared, China means business, warns NN Vohra – Referring to the growing threat from China, Vohra said if nothing else, the neighbouring nation would attempt to keep “nibbling away, making India spend more …

CDL’s Sincere unit in China may undergo court-led restructuring – BEIJING (BLOOMBERG) – Chongqing Sincere Yuanchuang Industrial, a cash-strapped Chinese developer owned by Singapore’s richest property family, may …

HSBC to China investors: ‘See through’ the tech crackdown … – Regulatory fears over China’s technology companies resurfaced in recent days after local authorities announced late Friday that ride-hailing giant Didi Chuxing …

Security expert issues grave warning to Australia over ‘really … – “Be very careful about going to war with China.” Professor Siracusa says Canberra would be wise to diffuse tensions with Beijing. “The Chinese have this …

Chinese social-media giant WeChat deletes LGBT accounts – Chinese social-media giant WeChat deletes LGBT accounts · WeChat says accounts violated rules, but offer no details; unclear if government authorities ordered …

China’s Didi crackdown could hit Tesla, other stocks: analysts – China’s targeting of Didi also, in turn, sent up red flags to rideshare and autonomous vehicle companies doing business in China – and a reminder to investors.

Divers work at China Cove in Newport Beach to remove … – Shannon Aurigemma keeps an eye on divers as they go underwater to remove invasive alga from a 1,000-square-foot area near China Beach in Corona del …

FTSE Russell to remove more China stocks from indexes over … – U.S. President Joe Biden signed the order on June 3 that bans U.S. entities from investing in dozens of Chinese companies with alleged ties to defence or …

Left to warn Biden that being tough on Chinese human rights … – Tensions between the U.S. and China reached heightened levels under Donald Trump, but the Biden administration has done little to mollify relations.

JD Vance: Google Is ‘Conspiring with’ Communist Chinese … – on Fox News Primetime, Ohio Republican U.S. Senate candidate J.D. Vance accused Google of “conspiring with” the Communist government of China.

‘Smearing China’ will backfire for its trade partners, Beijing … – China says it will not do business with countries that undermine it, while analysts say that any “trade alliances” to neutralise China’s trade actions will not work in …

Chinese medicine for chronic obstructive pulmonary disease … – This study was approved by the Ethics Committee of Guangdong Provincial Hospital of Chinese Medicine (GPHCM), Guangzhou, China (No. B2017-023-01), and …

China’s Xiaomi to raise $1.2 billion via debt sales – Xiaomi Corp. plans to raise $1.2 billion via debt issuance, proceeds of which the Chinese technology company will use to fund working capital and finance …

Chinese geopolitics hover over Sydney Airport bid – China’s belligerent campaign to punish Australian exports seems certain to play a critical role in the $22 billion takeover of Sydney Airport, once the gateway to a …

China’s gene giant harvests data from millions of women – DNA data collected from prenatal tests on women outside China has also been stored in China’s government-funded gene database, one of the world’s largest, …

Enfusion Strengthens Presence in China with Wholly Foreign … – Firm doubles down in region following record growth in APAC as Chinese market further opens up. NEW YORK and LONDON and HONG KONG, July 7, 2021 …

Govt crackdown wipes $831bn off Chinese tech stocks – China’s technology giants have seen a combined $823bn wiped from their market value since a February peak as the Xi Jinping-led government expands its …

Chinese Cyber Legend Vanishes, Raising Concerns – “This, China’s autocrats absolutely won’t tolerate.” Program-Think has said in the past that netizens shouldn’t worry about their safety if the blog stopped updating …

More than 80% of Australians mistakenly believe Chinese … – Of those surveyed by UTS, 82% agreed that “foreign buyers from China drive up Australian housing prices”, 69% agreed that “Chinese investors in Australian real …

BeiGene Announces Acceptance of a Supplemental Biologics … – BeiGene Announces Acceptance of a Supplemental Biologics License Application in China for Tislelizumab in Esophageal Squamous Cell Carcinoma (ESCC).

Did China take another step to financial decoupling with new … – Changes to rules that affect Chinese companies that issue shares abroad could spell a slowdown for IPOs and change the way China’s booming tech sectors …

China fear ‘Terror group’ in Xinjiang amid US withdrawal from … – Beijing [China], July 8 (ANI): Amid the ongoing US troop withdrawal from Afghanistan, China is worried about the instability to come in the country, a revival of …

Is China a sharp power in Africa? – Africa has become the new testing ground for China’s soft power projections. With the recent vaccine diplomacy and donating hundreds of medical supplies to …

The rise of boys’ love drama in China – Authors: Angie Baecker, HKU and Yucong Hao, University of Michigan. By any metric, the Chinese television drama The Untamed was a smashing success …

FTSE Russell to delete more China stocks after feedback on … – FTSE Russell said it will proceed with deleting more Chinese stocks from its indexes after receiving user feedback on the updated U.S. Executive Order that bars …

China allows seven more units to export rice – The initiative would help further increase the exports of rice, specially would enable Pakistani rice exporters to penetrate in Chinese markets. In this regard, …

China to boost steel scrap usage by 23pc – BEIJING: China plans to increase its use of steel scrap by 23percent to 320 million tonnes by 2025 and to increase production of recycled nonferrous metals, …

Some Chinese shun grueling careers for ‘low-desire life’ – Fed up with work stress, Guo Jianlong quit a newspaper job in Beijing and moved to China’s mountain southwest to “lie flat.” Guo joined a small but visible …

US stock market report – Apple continues stellar run, China … – China is reportedly mulling the closure of a loophole that allows Chinese businesses like Didi Global (NYSE: DIDI) to list on overseas markets as it seeks to …

More on potential China RRR cut – in September says the … – China Securities JJournal cites an analyst as saying the People’s Bank of China may cut its Reserve Ratio Requirement (RRR) rate in September. In order to …

South China Sea: The battle for Scarborough Shoal – Five years ago this month, the Philippines won a landmark legal victory over China, concerning territorial incursions in the disputed South China Sea.