China Newsbase
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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.
Baidu Surges After Fourth-Quarter Revenue Beats Expectations for Fourth Straight Quarter
Baidu’s revenue beat out analyst forecasts for the fourth straight quarter, leaving company shares to surge. The firm closed on the NASDAQ up almost 7%, and made nearly a 10% jump in Hong Kong. The tech giant is still down nearly 40% in the last year.
国内成品油价上调，加满一箱油多花10元-36氪
China has raised retail prices for gasoline by 260 yuan ($41.13) per ton. This is going to add about 10 yuan ($1.58) to the cost of filling the average passenger car’s tank. Today’s average gas prices around the world per gallon for comparison:
U.S. $3.95
China: $5.05
U.K.: $7.68
Germany: $7.72
Norway: $8.89
China’s Calculus on the Invasion of Ukraine
Beijing is trying “to straddle…an unstraddleable divide” in Ukraine, wedged between its strategic partnership with Russia, its principles of non-interference and state sovereignty, and its relations with Western nations, according to the Carnegie Endowment’s Paul Haenle, among other expert contributors to a ChinaFile conversation. Recent signals that Beijing will back Russia suggest a risky bet that its partnership with Moscow will outweigh the fallout.
“The fact that China clearly supports Russia would not preclude them taking a mediation role. Beijing typically does this precisely when it’s sympathetic to one side but thinks they’ve gone too far,” the scholar Andrew Small writes on Twitter.
China Asked Russia to Delay Ukraine War Until After Olympics, U.S. Officials Say
Xi might have had an inkling on Russia’s attack on Ukraine, according to a new Western intelligence report per the New York Times. Some Western officials have expressed doubt that Russia’s attack occurred after the Winter Olympics by mere coincidence. However, “it is not clear what assurances, if any, Russian officials gave Chinese officials about the invasion.”
When asked by the Times, Liú Péngyǔ 刘鹏宇, the Chinese embassy spokesman in Washington, said that the claims are “speculation without any basis, and are intended to blame-shift and smear China.”
Hong Kong reports record cases; movements may be restricted
Hong Kong has nearly as many new COVID cases as the entire U.S., with a new daily record of 55,353 new infections in the Chinese territory on March 2, compared with 58,986 recorded in America yesterday.
Poor residents are “forced to choose between infecting their families or sleeping outdoors,” per the New York Times. Citizens are also panic-buying groceries in fear of another possible lockdown later this month, despite assurances from authorities that the city’s supplies are stable.
Hong Kong pro-democracy activist found guilty under colonial-era sedition law over speech, slogans - Hong Kong Free Press HKFP
Hong Kong radio host Tam Tak-chi (譚得志 Tán Dézhì) was found guilty for sedition, the first conviction in a wave of prosecutions under the city’s colonial-era law. The pro-democracy activist was accused of inciting “hatred or contempt” against the Hong Kong government, including the now-banned slogan “Liberate Hong Kong, revolution of our times.”
Hong Kong Bar Assoc. ex-chief Paul Harris reportedly leaves city hours after meeting with national security police - Hong Kong Free Press HKFP
Paul Harris, the former Hong Kong Bar Association chair, has fled the city, just hours after police brought him in for questioning. Harris, an outspoken critic of the territory’s national security law imposed in 2020, was warned over an alleged breach of the security legislation before being seen departing at the city’s airport.
Pandemic behind it, China ramps up metro rail boom
China is building out its metro system at lightning speed, with 62 brand-new metro lines in 35 cities, according to researchers with the China Association of Metros. The new projects increased the total length of China’s urban rail transit by over 15% to 5,711 miles, or about a quarter of the world’s total.
Yang Liu on Twitter
Will China shift from COVID zero? Zēng Guāng 曾光, the former chief epidemiologist of China’s CDC, signaled a change that the policy “will not remain forever” and that co-existing with the virus is a long-term goal, state-backed Xinhua reporter Yang Liu said on Twitter.
Earlier on SupChina: China clears Pfizer’s COVID pill.
Lingang New Area of Shanghai FTZ Expects Chip Industry to Double in Value This Year
Companies have signed 22 contracts related to integrated circuits in Shanghai’s Lingang New Area, a Free Trade Zone in Pudong. The zone expects the chip industry to double this year.
盐津铺子多收了三五斗少赚了一个亿：减持时迅捷凶猛，增持时却拖拖拉拉
Investors are punishing snack company Yanker Shop 盐津铺子, which was founded in 2005 and bills itself as China’s first snack manufacturer to IPO. Its Shenzhen-listed shares have dropped by more than 60%, leaving it with a market cap of about 8.67 billion yuan ($1.37 billion), after disappointing 2021 results that showed net profits drop nearly 40% to 150 million yuan ($23.76 million).
