China’s beleaguered stocks have further to fall as coronavirus lockdowns dent economy, earnings says Swiss private bank UBP (SCMP)
2022-04-22

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China ‘debt trap diplomacy’: ex-central bank governor slams accusations as a ‘smear’ amid warnings of global credit risks (SCMP)
2022-04-22

Xi calls for making Asia anchor for world peace, powerhouse for global growth, new pacesetter for int'l cooperation (Xinhua)
2022-04-21

China’s multilateralism pledge at Boao Forum helps safeguard world security amid pandemic, conflict (GT)
2022-04-21

Chinese defense minister holds phone talks with U.S. counterpart (Xinhua)
2022-04-20

Veteran Chinese envoy heads CEEC visit, to clarify misunderstanding over Ukraine (GT)
2022-04-19

China hails strong Russia ties ‘no matter’ what, vows to safeguard common interests (SCMP)
2022-04-19

China’s space station first to be open to all UN member states: Chinese FM (GT)
2022-04-19

China confirms signing of Solomon Islands security pact as US warns of regional instability (SCMP)
2022-04-19

‘China needs new playbook’ to counter EU’s tougher trade and investment rules (SCMP)
2022-04-18

Exclusive with Pakistani ambassador: China-Pakistan iron-clad friendship time-tested and timeless (GT)
2022-04-18

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Sceptics of China’s TCM Covid-19 remedy Lianhua Qingwen face online attacks (SCMP)
2022-04-22

Young Chinese in new era confident, able to realize 'national rejuvenation' : white paper (GT)
2022-04-21

Vocational education to receive better recognition (China Daily)
2022-04-21

Xi stresses enhancing digital gov't construction, advancing fiscal reforms (Xinhua)
2022-04-20

CAAC releases preliminary report on MU5735 crash, 'no abnormality' found (GT)
2022-04-20

China adopts law on futures and derivatives (Xinhua)
2022-04-20

Chinese top health authority slams wrong claims about ‘coexisting with COVID’ and ‘virus just like flu’ (GT)
2022-04-18

Chinese security official orders risk elimination drive ahead of key Communist Party congress (SCMP)
2022-04-18

Draft law amendment expected to target trafficking of women (GT)
2022-04-18

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Beijing boosts COVID-19 vaccination among the aged (Xinhua)
2022-04-18

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Coronavirus: Shanghai extends standstill order to April 26, doubling down on city’s ‘societal zero-Covid’ pursuit to track every Omicron case (SCMP)
2022-04-22

Hospitals in Shanghai make efforts to ensure medical services for citizens (Xinhua)
2022-04-21

10 deaths in Shanghai spark concern over vaccination rate among elderly group (GT)
2022-04-19

Shanghai Gives Green Light for Key Manufacturers to Set Up Production Bubbles (Caixin)
2022-04-18
Shanghai has issued a whitelist of manufacturers that could potentially resume operations — with workers in a strictly enforced bubble — as the city enters its fourth week of lockdowns that have disrupted industry there and farther afield. It comes as authorities in the sprawling coastal finance and manufacturing hub scramble to bring the number of coronavirus cases among the general population to zero, and as many in the city still struggle to obtain fresh food. “As long as (coronavirus outbreak) risks are under control, companies should move forward to resume production with closed-loop management,” the Shanghai Commission of Economy and Information Technology said in a guideline (link in Chinese) released Saturday. “Closed-loop management,” which was also key to Beijing’s hosting of the Winter Olympics earlier this year, refers to keeping people in a kind of mass quarantine. Passing into and out of the “loop” can involve periods of quarantine and repeated testing. But business sources cautioned that simply being on the list doesn’t mean these companies — which include local joint ventures of Volkswagen and General Motors — can resume operations right away. “Less than half of our employees are allowed to go outside now because their residential buildings don’t meet the prerequisite of having no positive case for consecutive seven days,” one corporate source told Caixin. Two-fifths of the 666 companies on the whitelist are in the automotive sector, according to the document, which Caixin has obtained. The Chinese word for “six,” which sounds like the word for “smooth,” is auspicious in business contexts. Major automakers, including SAIC Volkswagen Automotive Co. Ltd., SAIC General Motors Corp. Ltd., and BYD Co. Ltd., are included. The remainder are mostly from the medical, semiconductor, food, and aerospace sectors. The citywide whitelist was compiled by lower-level authorities, who cited a number of reasons for listing firms, including to ensure the city’s normal operation, to produce medical supplies, for major economic support, and to protect key production chains. Tesla Inc. — whose factory in the Pudong New Area halted production on March 28 — was categorized as being one of two firms that “must resume production,” the other being heavy-machinery maker Sany Group Co. Ltd. Business sources said it was unclear whether “must resume production” should be read as a government compulsion to get their lines running again, or was just intended to underline their significance. According to sources familiar with the matter, Tesla is calling back its workers in Shanghai to resume production as soon as this week. The electric-vehicle producer told some employees to enter a closed-loop production system on Sunday, according to Bloomberg. To bypass the current restrictions in local districts and residential compounds, the company will issue a special certificate for workers, and will arrange shuttle buses to bring them back to the plant, one of the people said. Meanwhile, sources in key positions at two manufacturers on the whitelist — Yanfeng Automotive Trim System Co. Ltd. and ZF Friedrichshafen AG — told Caixin that they have not been told to return to work. Both are categorized as “automaking production chain suppliers.” State-owned media CCTV News reported that SAIC Motor Corp. Ltd. (600104.SH -1.12%) would initiate a stress test on Monday to prepare for the resumption of production. But one source with knowledge of the automotive supply chain told Caixin that the development would “not solve” the issues, and said the auto industry would “grind to a halt by the end of April unless something more drastic happens.” Shanghai is an essential hub for the world’s largest auto market. In 2021, a total of 2.8 million vehicles rolled off the city’s production lines, accounting for 10.7% of China’s output. As Covid-19 restrictions disrupted parts suppliers in Shanghai and other places, other automakers whose manufacturing centers are outside of Shanghai — including Nio Inc., XPeng Inc., and Great Wall Motor Co. Ltd. — have also halted production. “If suppliers in Shanghai and nearby cities cannot resume production soon, then all car producers in China will have to stop working in May,” Xpeng Chairman and CEO He Xiaopeng wrote in a social media post late Thursday. Richard Yu Chengdong, consumer and auto division head of Huawei Technologies, made similar comments, adding that tech and industrial players that have supply chains in Shanghai may also find their own production will cease if the city cannot resume operations by May. Shanghai has been the main battlefield amid China's latest Covid-19 outbreaks. On Sunday, the city reported 22,248 local infections, which accounted for 95% of the country’s daily total.

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Guangdong's foreign trade reaches 1.84 trln yuan in Q1 (Xinhua)
2022-04-21

Economist Meng Fanli, 56, named Communist Party chief of China’s tech hub Shenzhen (SCMP)
2022-04-20

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Chongqing's foreign trade grows 9.3 pct in Q1 (Xinhua)
2022-04-20

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Tibet prioritizes ecological protection in development (Xinhua)
2022-04-22

Plateau roads pave way for Tibet's rural revitalization (Xinhua)
2022-04-21

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Xinjiang posts steady foreign trade growth in Q1 (Xinhua)
2022-04-22

Oman ambassador voices praise for Xinjiang's progress (China Daily)
2022-04-19

Unfazed by U.S. sanctions and smear campaign, Xinjiang farmers more enthusiastic about cotton farming (Xinhua)
2022-04-17

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Coronavirus: Hong Kong government set to relax flight suspension threshold and shorten airline ban, source says, as new cases fall below 600 (SCMP)
2022-04-22

HKSAR gov't firmly opposes any interference in sixth-term chief executive election (Xinhua)
2022-04-22

EU monitored 81 court hearings of opposition activists in Hong Kong last year, rights report reveals (SCMP)
2022-04-21

Hong Kong's jobless rate up from January to March (Xinhua)
2022-04-21

Hong Kong gov’t vetting committee approves John Lee to run in one-horse leadership race, but still no manifesto (HKFP)
2022-04-19

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Macao's air temperature rises in 2021 (Xinhua)
2022-04-20

Macau’s economic outlook clouded by high exposure to climate-related shocks and uncertainties over new gambling laws, IMF says (SCMP)
2022-04-19

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China’s defence chief tells US not to underestimate Beijing’s resolve on Taiwan (SCMP)
2022-04-21

Does Taiwan-held Taiping Island need a longer runway? (SCMP)
2022-04-20

DPP cannot escape 'iron law of destruction' despite begging for mercy from external forces: Taiwan Affairs Office (GT)
2022-04-19

US, Taiwan defy Beijing in ‘sensitive moment’ when pressures are mounting on China (SCMP)
2022-04-19

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China economy: 5 defining moments over the past 25 years (SCMP)
2022-04-20

Reasons to stay optimistic on Chinese economy (Xinhua)
2022-04-20

China’s rising household debt is shattering dreams of financial freedom, and ‘fears are spreading’ (SCMP)
2022-04-19

China's GDP grows 4.8% in Q1 despite downward pressure (GT)
2022-04-18

China’s central bank pledges easier loans to support enterprises, households hit by coronavirus (GT)
2022-04-18

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Top DPRK leader exchanges letters with S. Korean president (Xinhua)
2022-04-22

Korean Peninsula situation unlikely to intensify due to ‘cautious’ moves by N.Korea, US (GT)
2022-04-19

DPRK leader observes test-firing of new-type tactical guided weapon (Xinhua)
2022-04-17

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President U.Khurelsukh virtually participates in Boao Forum for Asia (Montsame)
2022-04-22

‘Build Mongolia 2022’ expo taking place (Montsame)
2022-04-21

Prime Minister holds meeting with entities to receive suggestions on amending 2022 State Budget (Montsame)
2022-04-20

China-Mongolia border port sees robust growth in freight transport in Q1 (Xinhua)
2022-04-19

"No talks were held between Mongolia and the US about establishing a joint biological laboratory" (Montsame)
2022-04-18

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Embassy of Switzerland