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The China News Database was last updated at 01:50PM on November 9, 2023.
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4,639 articles matching the search query.
China Considers Buying Stakes in Russian Energy, Commodity Firms
China is considering buying stakes in Russian energy firms after yesterday’s U.S. prohibition on Russian oil triggered a drop in demand. Beijing is talking with state-owned firms to invest in Russian energy.
李书福退出吉利汽车集团公司董事-品玩
China’s Geely Automobile Group is making leadership changes after former chairman Lǐ Shūfú 李书福 recently withdrew from his position.
What happened to common prosperity?
A relatively new Xí Jìnpíng 习近平 slogan, “common prosperity,” is almost completely missing in official government documents for 2022, suggesting a lack of clarity in Beijing over how the slogan should be implemented.
China Meheco Confirms Pfizer Talks on Selling Paxlovid in China
Rumors are circulating that China Meheco Corp., a state-owned pharma manufacturer, is in talks with Pfizer to commercialize Paxlovid, a COVID-19 treatment, in China. The firm’s stock shot up 50% this past week, “but the discussions are still at an early stage,” the state-owned pharmaceutical company said on Monday. It did not mention Pfizer by name, per Bloomberg.
Earlier on SupChina: China clears Pfizer’s COVID pill.
抖音已上线发文警告功能
Reports show Douyin, China’s TikTok equivalent, added a “warning function” to stop harassment and allow users to report malicious or illegal content.
我国计划在2030年前实现火星采样返回任务
China intends to bring solid samples back from Mars by 2030 according to the chief designer of the country’s lunar exploration project.
China Reports Most COVID-19 Cases Since Early Days of Pandemic
China reported the highest daily COVID tally since the start of the pandemic, with a total of 526 cases on Sunday scattered across the country. Experts have suggested “a new stage of COVID-19 control” as the Omicron surge challenges the nation’s strict COVID-zero policy.
Shanghai, which had a total of 48 local cases, launched mass testing in residential neighborhoods with reported infections.
China to provide Ukraine humanitarian aid, praises Russia ties
Cautious diplomacy is now implausible diplomacy, yet China presses on. China continues to tiptoe an impossible diplomatic line by simultaneously offering support to both Ukraine and Russia. On Monday, China’s Foreign Minister Wáng Yì 王毅 promised humanitarian aid to Ukraine from China’s Red Cross, and further offered Chinese assistance to provide “necessary mediation.” Meanwhile, he asked Western nations to understand and respect Russia’s “legitimate security concerns” and censored all mention of the war from Winter Paralympics coverage.
百胜中国孵化中餐失败：永久关闭仅剩的5家东方既白餐厅
Yum China is closing its five remaining Chinese fast-food outlets, which, some reports say, shows that the Chinese operator of KFC and other American brands has failed to learn to make Chinese food.
特斯拉广州公司新增蓄电池回收业务-36氪
A Tesla subsidiary in Guangzhou has added battery recycling and solar power services to its business scope.
TikTok Suspends Livestreaming in Russia on ‘Fake News’ Law
TikTok is suspending livestreaming in Russia over newly passed laws that specifically silence public disapproval of the Ukraine invasion.
Russian Banks Turn to China to Sidestep Cutoff From Payments Systems
Russian banks cut off from the global payment network are turning to China to soften the blow of Western sanctions. Sberbank, Russia’s largest bank by assets, is hoping to issue cards powered by China’s UnionPay.
Alibaba is walking a tightrope between Russia and Ukraine
Alibaba’s Russia business is in dire straits following the West’s brutal sanctions. AliExpress, its global ecommerce platform, is the most-visited online marketplace and the most-downloaded shopping app in Russia.
Foreign embassies in China puzzle over a diplomat’s detention
Embassies are puzzled over a Japanese diplomat’s detainment in Beijing, after the envoy was held for a few hours at a hotel restaurant on February 21. Evidence of a diplomatic identity card and demands to contact the Japanese embassy were “ignored by the captors,” stoking concerns over diplomatic immunity agreements that envoys “shall not be liable to any form of arrest or detention.”
Opinion | Taking Dictators Literally and Seriously
“Take autocrats literally and seriously when they tell us what they intend to do,” writes the Wall Street Journal editorial board. Vladimir Putin warned of his attack on Ukraine as early as 2007, and even wrote about Russia’s sovereignty claim on the region in an essay last summer, yet the West was quick to dismiss his words as a fever dream.
“In Beijing, Xí Jìnpíng 习近平 speaks of Taiwan in much the same way Mr. Putin does Ukraine… Beijing’s strong-arm repression of Hong Kong demonstrates the Xi regime is ready to trample treaties and violate its economic self-interest in pursuit of a nationalist agenda that fulfills Mr. Xi’s ambition. China’s concentration camps in Xinjiang reveal a regime immune to global embarrassment. How convincing is the argument that Mr. Xi would never be so foolish as to invade Taiwan?”
In fast-changing Europe, rage against Russia fuels suspicion of China
Outrage over Ukraine may harden Europe against China, after Russia’s attack lit a fire under European nations’ security and defense. “I think it’s going to have repercussions beyond this question of how to deal with Russia. It is definitely going to shape our policies towards China as well,” said Pascal Abb, a Chinese foreign policy professor at the Peace Research Institute Frankfurt.
Germany, in particular, made a shocking departure from traditional policy in a single hour: Chancellor Olaf Scholz committed to a $111 billion defense fund, dropped opposition to arming Ukraine, and supported bans on Russia’s financial assets. “Multiple European academics and researchers said they had been contacted this week by Chinese counterparts — startled by Germany’s policy shift — to ask ‘what next?’” writes journalist Finbarr Bermingham on Twitter.
China-led Asian Infrastructure Investment Bank freezes Russia lending
China’s banks are torn on Russia. Beijing-based Asian Infrastructure Investment Bank (AIIB), of which China is the largest shareholder and wields 26.5% of the bank’s voting power, has put a hold on Russian lending. However, state-backed China Development Bank and Exim Bank, both of which hold much more value in Russian assets, have not announced any action yet.
“If you’re looking for China’s signs of distancing itself from Russia, look at where real money is,” scholar Jakub Jakóbowski said on Twitter.
Key Asian nations join global backlash against Russia, with an eye toward China
Asian countries are joining the stand against Russia, with Japan, Taiwan, Singapore, and South Korea tightening their spigots on the flow of goods into the nation. Mounting regional pressures from China have urged some, particularly Japan, to “defend the principle of state sovereignty and prohibitions against large powers changing the borders of smaller states,” per the Washington Post.
