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‘Ace News Room China & Asia News Desk’

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July.09: 2021: @acenewsservices

‘China & Asia Daily News Desk’

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.

White House’s Kurt Campbell: US and China can co-exist peacefully – “Do I believe that China and the United States can co-exist peacefully? Yes, I do,” said Kurt Campbell, White House coordinator for the Indo-Pacific. “But I do …

Shares of Chinese Tesla rival Xpeng fall on Hong Kong debut – Known for its P7 sedan and G3 SUV, the Chinese electric carmaker delivered … GUANGZHOU, China — Shares of U.S.-listed electric vehicle maker Xpeng rose …

China Tech Rout Deepens as Beijing Targets Data, U.S. Listings – It also said China will step up its regulatory oversight of companies trading in offshore markets. Chinese companies have flocked to U.S. exchanges in recent years …

ASX rises, as China’s tech crackdown leads to Didi sell-off – Chinese tech firms listed overseas were also hit hard as Beijing continued to crack down on ride-hailing giant Didi. By 12:05pm AEST, the benchmark ASX 200 …

Didi Duo Lose $1.5 Billion as Shares Plunge on China’s Crackdown – Chinese ride-hailing giant’s ADRs fell 24% in two trading days · China to tighten oversight of data security, overseas listings.

How well do China’s Sinovac and Sinopharm vaccines work? – Some nations relying on China’s vaccines are battling outbreaks. So do the vaccines work? A quick guide to Sinovac and Sinopharm – and what they mean for …

Shares of China EV maker Xpeng set to open up 1.8% in … – July 7 (Reuters) – Shares of Chinese electric vehicle (EV) maker Xpeng Inc (9868.HK) are set to open up 1.8% from their initial public offering (IPO) price in the …

Analysis: China’s farmers dump other crops for corn on … – Analysis: China’s farmers dump other crops for corn on bumper profit pull · Nationwide corn output may jump over 6% this season – JCI · Corn area in top grain hub …

China trying to ‘cut Australia out of the herd’ with diplomatic … – China trying to ‘cut Australia out of the herd’ with diplomatic freeze, US warns. White House coordinator for the Indo-Pacific says Beijing’s targeting of Australian …

Paytm IPO: Chinese nationals exit board – MUMBAI: Ahead of Paytm’s initial public offering (IPO), all Chinese nationals representing key investor Ant Group have stepped down from the board. While Ant …

China reports 57 new COVID-19 cases for July 6 vs 23 a day … – SHANGHAI, July 7 (Reuters) – China reported 57 new COVID-19 cases in the mainland for July 6, up from 23 cases a day earlier, the national health authority …

China to supply Africa millions of vaccine doses after … – “China has signed a deal with Morocco to start using the established facilities of a Moroccan pharmaceutical firm to make 5 million doses a month of Sinopharm …

Nike Loses to China Sneaker Rivals After Xinjiang Cotton … – A wave of patriotic buying fueled by the Xinjiang cotton controversy is helping shares of Chinese sportswear makers outperform global peers. Chinese consumer …

China Tech Shares Stabilize In US After DiDi Probe Triggers … – Shares of Chinese tech companies listed in the U.S. began to stabilize in aftermarket trading this evening after a Beijing cybersecurity probe triggered losses that …

Chinese city on Myanmar border reports coronavirus case spike – SHANGHAI, July 7 (Reuters) – Authorities in China’s southwestern province of Yunnan reported 15 new confirmed locally transmitted coronavirus cases for July …

SWAT team mobilizes in China Spring neighborhood | Local … – The Waco Police Department and its SWAT team remained active for hours Tuesday at a house in China Spring. Sgt. Peter Motley said late Tuesday afternoon …

Should You Invest in Chinese Companies After China’s Didi … – Should You Invest in Chinese Companies After China’s Didi Crackdown? Regulators pounced on China’s biggest ride-hailing company after its U.S. IPO, raising …

Hedge Funds See Winning Didi Bets Lose Luster on China … – Marquee investors backing China’s largest private companies are being burned again by the country’s regulatory crackdowns. Tiger Global Management …

I spent a week using China’s digital yuan, here’s how it went – Despite the trials, lotteries, and promotional campaigns by the government and banks for China’s digital currency, few people see a reason to jump on board.

War fears EXPLODE as China invasion of Taiwan may … – JAPAN is growing increasingly fearful that a Chinese ‘unification’ of Taiwan will lead to a regional conflict. By Isabella Marsans. 00:27, Wed, Jul 7, 2021 …

US can coexist in peace with China, but challenge is huge … – Asked when U.S. President Joe Biden plans to meet Chinese President Xi Jinping in person for the first time since the former was sworn in on Jan. 20, Campbell, …

Japan pledges to defend Taiwan if China attacks, says deputy … – Japan has said it would join America in defending Taiwan against a Chinese invasion, treating any such attack as an “existential threat” that could lead to an …

Pat Buchanan: As America recedes, China rises – Chinese President Xi Jinping delivers a keynote speech via video for the Boao Forum for Asia annual conference in south China’s Hainan Province April 20.

No Fad for the Fed? China Could Be Left Wearing Digital … – Nor is China’s impending e-CNY much of a justification for why the Fed must follow suit to keep America in the race. Even if there’s no FedCoin, there will still be …

New overseas listing rules may jeopardise future US deals for … – Alibaba owns the South China Morning Post. Chinese companies appear to be taking the cues that Beijing may discourage them from raising funds outside the …

Ministers urged to threaten China with 2022 Winter Olympics … – Labour says China must be denied a ‘PR coup’ amid claims about treatment of Uyghur muslims · Recommended · Most watched · More about.

Blinken meets Uyghur Muslims previously detained in … – Blinken meets Uyghur Muslims previously detained in Chinese camps … The U.S. has placed sanctions on China for its human rights abuses and threatened to …

U.S. envoy on North Korea speaks with Chinese counterpart – China’s Ministry of Foreign Affairs said earlier its special representative on the Korean Peninsula, Liu Xiaoming, spoke by phone with U.S. special representative …

Eye on China, public birthday wishes by PM, CMs for Dalai … – Amid the slide in ties with China over the military standoff along the Line of Actual Control in Ladakh, Prime Minister Narendra Modi said Tuesday that he had …

An International Exhibition of the Centennial History of the … – CHINA: Chinese astronauts successfully performed the country’s first tandem spacewalk on Sunday, working for seven hours on the outside of the new Tiangong …

Opinion | China Takes Didi Investors for a Ride – American investors buy shares in Chinese companies because they want to take bigger risks in exchange for bigger potential returns, and it looks like their wish …

Duterte: PH counts on China ‘as friend, partner for peace and … – Metro Manila (CNN Philippines, July 7) — President Rodrigo Duterte on Tuesday lauded the bond the Philippines and China have developed through the years, …

NZ ‘sleep-walked’ into conflict between China and Western … – New Zealand “sleep-walked” into a position where it is torn between its economic dependence on China and its traditional allies, a foreign policy expert says.

China tightens oversight of firms listed offshore – China will step up supervision of Chinese firms listed offshore, its cabinet said on Tuesday, days after Beijing launched a cybersecurity investigation into …

China’s Xi takes dig at US in speech to political parties around … – BEIJING, China – Chinese President Xi Jinping on Tuesday urged political parties worldwide to oppose any country that engages in “technology blockades”, …

U.S. urges China, private sector to boost participation in G20 … – WASHINGTON, July 6 (Reuters) – The United States on Tuesday urged China and the private sector to increase their participation in a G20 debt moratorium for …

Commentary: China’s mixed tracked record shows limits of … – Commentary: China’s mixed tracked record shows limits of central planning. President Xi Jinping’s centennial address devoted attention to the CCP’s plans for the …

State Department condemns Chinese Communist Party on … – The State Department placed China on a small list of countries whose governments engage in a “policy or pattern” of human trafficking, specifically noting the …

Xi distorts history while laying out his vision for China’s future – On July 1, speaking from atop the rostrum at Tiananmen, Xi Jinping commemorated the 100th anniversary of the founding of the Chinese Communist Party …

Australia China trade war: US official Kurt Campbell says … – He also said any attempts by China to do with Taiwan what it had done with Hong Kong, would be “catastrophic”. Mr Campbell, regarded as President Joe Biden’s …

China’s Pop Culture Group stock sinks 40%+ following 1200 … – China’s Pop Culture Group (NASDAQ:CPOP) tumbled 40%+ Tuesday as the Chinese hip-hop firm continued to give back big chunks of last week’s 1,200% …

Bangor Chinese School Dragon Camp teaches language … – ”We are so happy to reopen this program to the children,” said Jing Zhang, Bangor Chinese School founder and president. Zhang says the Dragon Camp program …

ADRs End Lower as Chinese Regulators Tighten Scrutiny … – By Kimberly Chin. International stocks trading in New York closed lower on Tuesday after China said Tuesday that it will tighten rules for Chinese companies …

Foreign banks need to pass through the pain threshold in China – International investment banks are investing heavily in their Chinese investment banking businesses, but so far are not seeing much by way of return.

Ye Shiwen left off China Olympic swim team for Tokyo – Ye Shiwen, who swept the 2012 Olympic individual medleys at age 16 with eye-popping times, is not on China’s Olympic swimming roster. Ye was not one of the …

WeChat terminates LGBT+ accounts of Chinese college … – One of the few bright spots for civil liberties in China in recent years has been a growing public and official acceptance of the LGBT+ community. But the …

Bloomberg Evening Briefing: China’s Economy May Never … – When will China overtake the U.S. to become the world’s biggest economy? … The Chinese Communist Party, which is celebrating its 100th anniversary, wants …

Xi attacks calls from some in U.S. to decouple from Chinese tech – In a speech to representatives of leftist political parties in more than 100 countries, Xi said China’s ruling Communist Party has succeeded in raising the country …

Brownlee calls for more information on Uyghur treatment in … – The Chinese Communist Party has rejected allegations of forced organ harvesting outlined China Tribunal report released in 2018, saying they’re inaccurate and …

China’s Regulatory Moves Knock Chinese Tech Stocks – Chinese technology stocks fell Tuesday after China’s cybersecurity regulator widened its review of several of the country’s newest public companies.

#AceNewsDesk report ……Published: July.09: 2021:

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