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China in the News: July 5, 2021

7 min read
The Chinese flag flies in front of exhaust rising from a coal fired power plant in Jiayuguan, Gansu province

China News

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

China’s Local Governments Roll Over More Debt to Ease Risks – Government-linked economists cited by the state-run China Securities Journal on Monday said fiscal spending may increase in the second half of the year. “Along …

Didi says app removal may hurt revenue, other US-listed Chinese firms probed – Sunday’s takedown order from the Cyberspace Administration of China (CAC) comes just two days after the regulator announced an investigation into the ride- …

China launches cybersecurity review into more US-listed firms following action against Didi Chuxing – China launches cybersecurity review into more newly-listed firms following action against Didi Chuxing. Latest move focuses on truck-hailing and online …

Didi says app takedown may hurt revenue, other U.S.-listed Chinese firms probed – Much of China’s regulatory blitz has been at the hands of its antitrust watchdog and the order against Didi represents one of the CAC’s most high-profile actions …

Mogo Auto Takes Lead in Commercialization of China Autonomous Driving Technology – Hengyang City is one of China’s transportation hubs with multiple major highways and railways crossing there. “the company will provide a one-stop solution …

Chinese astronauts make first spacewalk outside new station – The astronauts arrived June 17 for a three-month mission aboard China’s third orbital station, part of an ambitious space program that landed a robot rover on Mars …

China stocks rise as tech-focused STAR Board shines on … – Shanghai, July 5 (Reuters) – China’s major indexes eked out gains on Monday, helped by robust strength in Shanghai’s tech-focused STAR Board companies, …

As Didi warns that China crackdown will hit revs, probe widens – Didi’s comments came on Sunday after earlier in the day China’s cyberspace regulator ordered app stores to stop offering Didi’s app after finding that the company … –

Sinopec starts building carbon-capture project in East China – SINGAPORE, July 5 (Reuters) – China Petrochemical Corp, or Sinopec, said on Monday it started building a carbon capture, utilisation and storage (CCUS) …

China Widens Probe Beyond Didi, Roiling Global Investors – China expanded its latest crackdown on the technology industry beyond Didi Global Inc. to include two other companies that recently listed in New York, dealing …

China Widens Data-Security Probe of U.S.-Listed Tech … – Like Didi, they were ordered to stop adding users while the probes are conducted. On Monday, China’s Cybersecurity Review Office, which falls under the …

Who is Britain’s Chinese-Romanian teen tennis star Emma … – Emma Raducanu – Who is Britain’s Chinese-Romanian teen tennis star? ‘London, Toronto, Bucharest, Shenyang’ writes Canada-born 18-year-old Li Na and …

SoftBank Tumbles as China Blocks Didi App Just Days After IPO – tumbled Monday after Chinese regulators ordered app stores to remove Didi Chuxing, run by the recently U.S.-listed ride-hailing giant in which the Japanese firm …

Heavy Rainfall Lashes China’s Anhui; Impacts More Than … – Heavy rainfall in China’s Anhui has affected over 137,000 people across the province’s 19 counties, cities and districts, authorities said. The torrential rains …

Update: China-Myanmar border city imposes lockdown again … – Ruili, a city in Southwest China’s Yunnan Province bordering Myanmar, started level-3 emergency response and announced lockdown on Monday after …

Asian stocks stumble on China tech worries – TOKYO: Asian stocks were mixed on Monday amid growing worries about China’s crackdown on local tech companies, paring earlier gains made after a …

Alleged attack on prominent scientists casts shadow on … – Repeated calls to China Aerospace Investment Holdings went unanswered on Monday morning. On Chinese social media, many questioned why the incident had …

Chinese city on Myanmar border locked down again over … – BEIJING, China – A Chinese city near the border with Myanmar has imposed a lockdown and started mass testing after three coronavirus cases were reported …

China tech crackdown focuses on data after Didi probe – Chinese regulators ordered app stores in the country to remove ride-hailing service Didi on Sunday, alleging the company had engaged in the illegal collection …

Veteran strategist David Roche explains why he thinks it’s ‘too … – It’s “too risky” to own Chinese technology stocks, said David Roche, president and … ongoing regulatory crackdown in China and the geopolitical rivalry between ...

China watchdog orders ride-hailing service Didi off app stores – BEIJING, China – China’s cyber watchdog on Sunday ordered ride-hailing service Didi be removed from app stores after investigations found its user data …

Renewable power covers 29% of China’s electricity usage in … – Reuters President Xi Jinping has vowed to make China “carbon neutral” by 2060, and to boost the share of non-fossil fuels in primary energy consumption to …

Uyghur Muslims in Canada launch two-week long walking … – TORONTO: A 15-day walking protest has been launched against China’s massive human rights abuses of Uyghur Muslims by the East Turkistan Association of …

China Paid Millions To Washington Post, New York Times … – China Daily, an English-language daily newspaper owned by the Propaganda Department of the Chinese Communist Party, paid millions of dollars to prominent …

Warburg to Build $5 Billion Distressed Property Manager in … – in hunting for opportunities in China’s distressed real estate sector. The new joint venture, Wensheng Special Situations Asset Management Co., will focus on …

DiDi, China’s Uber analog, booted from local app stores for … – The Cyberspace Administration of China (CAC) issued the ban. In its notice of its actions the CAC wrote: “The DiDi Travel App has serious violations of laws and …

China’s Didi says app takedown may hurt revenue : The Asahi … – China’s biggest ride-hailing firm Didi Global Inc said on Sunday that the removal of its “DiDi Chuxing” app from smartphone app stores in China is expected to …

500000 doses of China’s Sinovac vaccines set to arrive in mid … – PUTRAJAYA: Malaysia is expected to receive some 500,000 doses of Covid-19 Sinovac vaccine contributed by China, says Khairy Jamaluddin. The National …

China orders Didi app downloads suspended over data violation – Atlas Organization’s Jonathan D.T. Ward argues China main goal is to ‘dominate’ the global economy and emerging markets. China’s cyberspace regulator said …

Coronavirus: travel restrictions imposed on Chinese border … – Coronavirus: travel restrictions imposed on Chinese border city after local infections reported. Ruili in Yunnan province activates second-highest level of public …

Full Truck Alliance Announces Cybersecurity Review in China – GUIYANG, China, July 5, 2021 /PRNewswire/ — Full Truck Alliance Co. Ltd. (“FTA” or the “Company”) (NYSE: YMM), a leading digital freight platform, today …

Jacinda Ardern distances herself from Labour MP Louisa Wall … – Wall, who is part of a global Inter-​Parliamentary Alliance on China (IPAC) which monitors the actions of the Chinese Communist Party (CCP), told RNZ the …

China widens probe beyond Didi to exert control over online … – NEW DELHI: China expanded a cybersecurity probe beyond Didi Global Inc to include two other recent US debutantes, moving with surprising swiftness to …

Chinese firm’s reported deal to acquire UK chip firm faces … – The deal could face great uncertainty in getting the UK government’s approval as it comes during a global chip shortage and the US’ crackdown on China’s chip …

Reps panel chair silent on Chinese loans’ probe discontinuation – The Chinese are asking how do they know that Nigeria wants to pay back when a committee of the National Assembly is questioning us about the terms of the …

WHY THE RED STAR SHINES OVER CHINA: The Surging … – BEIJING, July 5, 2021 /PRNewswire/ — A news report by China.org.cn on the early life of Mao Zedong in Changsha: To the people of China, Changsha is a city …

Breakingviews – China Puts New York IPO Fine-print Risk in … – The latest Tweet by Reuters states, ‘Breakingviews – China puts New York IPO fine-print risk in bold …’ Team Latestly Jul 05, 2021 11:00 AM IST. A-; A+.

Asian markets mixed as oil prices slip – The Madison Leader … – China announced over the weekend that Chinese ride-hailing service Didi would be removed from app stores in the country in the latest blow after its shares …

China targets more tech groups after Didi crackdown – The Cyberspace Administration of China on Monday announced it was investigating Boss Zhipin, an online recruitment company, and Chinese truck-hailing …

Growth in China’s June services activity falls to 14-month low … – BEIJING (Reuters) – Growth in China’s services sector slowed sharply in June to a … of COVID-19 cases in southern China, a private survey showed on Monday, …

Chinese president’s speech to mark CCP centenary: A litany … – Last week’s speech by Chinese President Xi Jinping to mark the official centenary of the founding of the Chinese Communist Party (CCP) was a self-serving …

Asia markets: China tech shares in Hong Kong fall after Didi … – A private survey on China’s services sector activity in June showed growth slowing sharply in June to a 14-month low. · Shares of Chinese tech firms in Hong Kong …

After Didi, China launches cybersecurity probe into more US … – The announcement comes a day after the Cyberspace Administration of China (CAC) ordered a suspension of app downloads for Chinese ride-hailing giant Didi …

Lemaire Teams With Chinese Artist Lin Yan for Beijing … – As for China, it is also a growing market for Lemaire. The label has 25 doors there, including Dover Street Market and Lane Crawford. lemaire.

Investors Too Bearish on China: JPMorgan’s Wang – Investors Too Bearish on China: JPMorgan’s Wang. Bloomberg Markets China Open. July 4th, 2021, 9:57 PM PDT. Julia Wang, executive director and global …

Bitcoin’s Difficulty Rate Drops By 28% As China’s … – Yet the production of bitcoin in China accounted last year for about 65 percent of global production and Sichuan is China’s second-biggest bitcoin mining province, …

China launches new Fengyun 3E meteorological satellite – JIUQUAN (China Daily/ANN): China sent a new meteorological satellite into planned orbit from the Jiuquan Satellite Launch Center in northwest China on …

China’s $3 Billion Used-Goods Platform Seeks Pre-IPO Funding – China’s online classified marketplace 58.com Inc. in 2015 founded ZhuanZhuan, which has since raised about $800 million in three rounds of funding. The startup …

China Widens Security Probe to Two More US-Listed Firms – Boss Zhipin owner Kanzhun raised $912 million in its U.S. IPO in June. Built around a mobile app that connects job seekers and employers, it runs China’s largest …

China puts New York IPO fine-print risk in bold – HONG KONG, July 5 (Reuters Breakingviews) – China’s new cybersecurity regulator has bolded the fine-print risks in prospectuses. The government is …

Tony Simon

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