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June.05, 2021: @acenewsservices

‘China & Asia Daily News’

China News

Craig Hill: China News

Daily news headlines about China from around the world (past 24 hours)

Tesla shares drop on report of steep May sales decline in China – CNBC has not corroborated that report. Elon Musk’s electric vehicle company has been grappling with recalls and safety investigations in China. In …

Tesla’s China orders halved in May – The Information – China is the electric car maker’s second-biggest market after the United States and accounts for about 30% of its sales. Tesla makes electric Model 3 sedans and …

Tesla stock slides deeper into the red after report that China orders halved – TSLA, -5.33% shares dropped further on Thursday after The Information reported that the Silicon Valley electric-car maker’s vehicle orders in China fell by nearly …

Biden Bans Investment in Chinese Firms Linked to Surveillance – Mr. Biden’s aides said the move was justified by a new American commitment not to facilitate Chinese repression and human rights abuses. But China regularly …

Biden prohibits U.S. investment in 59 Chinese companies allegedly tied to military, surveillance – President Joe Biden on Thursday expanded restrictions on American investments in certain Chinese companies with alleged ties to the country’s military and …

Biden Expands Blacklist of Chinese Companies Banned From U.S. Investment – Move shows Biden’s willingness to continue some of the hard-line China policies from the Trump administration. President Biden’s executive order brings to 59 the …

Tesla recalls hundreds of Model 3 cars that were shipped to China – Tesla China-made Model 3 vehicles are seen during a delivery event at its factory in Shanghai, China January 7, 2020. Aly Song | Reuters. BEIJING — Tesla is …

China restricted imports from Australia. Now Australia is selling elsewhere – “Exports to China have predictably collapsed in the areas hit by sanctions, but most of this lost trade seems to have found other markets,” said Roland Rajah, lead …

Xi’s call for a ‘lovable’ China may not tame the wolf warriors – Chinese Foreign Ministry spokesman Zhao Lijian enters a daily briefing in Beijing …

Slow to start, China steps up the pace on vaccination – Chinese public health leaders say they hope to inoculate 80 percent of the country’s 1.4 billion population by the end of 2021. A resident receives the Anhui Zhifei …

Slow to start, China now vaccinating at a staggering pace – In the span of just five days last month, China gave out 100 million shots of its COVID-19 vaccines. After a slow start, China is now doing …

China elephants: Herd on mammoth 500km trek reaches Kunming – China has only about 300 wild elephants, mainly in the south of Yunnan province. Scientists say this is the furthest any of the wild elephants there have travelled …

15 Chinese Elephants Are On a 300-Mile Journey. Why, No One Knows. – But for some reason, a herd of 15 Asian elephants has been lumbering its way across China for more than a year, traveling more than 300 miles through villages, …

Elephant herd razes 500-kilometer path of destruction after escape from China nature reserve – A herd of 15 elephants has wreaked havoc in China, trampling crops and causing more than a million dollars’ worth of damage, after the animals …

Apple uses more suppliers from China than Taiwan for first time, data shows – Apple uses more suppliers from China than Taiwan for first time, data shows. The tech giant has become more, not less, dependent on the US’s superpower rival in …

Ahead of Tiananmen anniversary, Taiwan urges China to return power to the people – Taiwan urged China on Thursday to return power to the people and embark on real political reform rather than avoid facing up to the bloody 1989 Tiananmen …

China defends Cambodia relations after US expresses concern – In a meeting with Cambodian Prime Minister Hun Sen on Tuesday, U.S. Deputy Secretary of State Wendy Sherman focused on China’s construction of new …

China’s ‘splinternet’ will create a state-controlled alternative cyberspace– China’s ‘splinternet’ will create a state-controlled alternative cyberspace. Flavia Kenyon. Beijing is using blockchain to build …

Stronger’ Bets the United States Can Outlast China – Ryan Hass’s book Stronger: Adapting America’s China Strategy in an Age of Competitive Interdependence is the hottest take on American attitudes toward …

China rushes to pull back the yuan from a three-year high – The Chinese yuan has strengthened to three-year highs against the U.S. dollar, spurring … The People’s Bank of China made a rare announcement Monday that …

China’s new ‘tang ping’ trend aims to highlight pressures of work culture– China has a shrinking labour market and young people often work more hours. The term “tang ping” is believed to have originated in a post on a popular Chinese …

China’s Biotech Learning Curve – Here’s the latest news from the global pandemic. Supply chains pressured in China as ships avoid virus-hit port; World’s food prices surge to highest in almost a …

A new children’s film about Zhou Enlai reveals a lot about China today – China’s leader, President Xi Jinping, is presented to the young as “Xi Dada”, or “Uncle Xi”, an austere but caring patriarch. Mr Xi stresses the importance of loyalty, …

Does the U.S. Need a Digital Dollar to Counter China’s Threat? – Some lawmakers in Congress view China’s new digital currency as a growing threat to the dollar, and they’re urging the Federal Reserve to get moving on a …

China warns two-thirds of regions for missing energy targets – China’s state planner on Thursday warned provincial and regional governments against missing their energy consumption and efficiency targets for 2021 after …

South Korea’s cultural spats with China are growing more intense – In the past few months South Koreans have repeatedly taken to social media to rail against the “excessive” presence of Chinese brands on domestic television, …

Factbox: U.S. Treasury updates list of Chinese entities hit by investment ban – The U.S. Treasury Department is updating a government list of Chinese companies with alleged ties to defense or surveillance …

Trump and raging pandemic helped China dodge COVID accountability. We must demand it now. – The Chinese concept of face remains incredibly important, and the Chinese would have lost face if they owned up to a deadly pandemic spreading from a lab of …

China rapidly shifts from a two-child to a three-child policy – The government’s previous fears of galloping population growth now seem quaint. At 1.3, China’s fertility rate (the number of children an average woman is likely to …

China criticizes Western brands’ toys, clothes as unsafe – The Chinese government has accused H&M, Nike, Zara and other brands of importing unsafe or poor quality children’s clothes and other goods …

China: Account for Tiananmen Massacre – The Chinese government should acknowledge and take responsibility for the massacre of pro-democracy protesters in June 1989, Human Rights …

China says Hungarian politicians ‘beneath contempt’ for renaming streets – Beijing (AFP). China on Thursday blasted Hungarian politicians as “beneath contempt” after Budapest renamed streets over human rights flashpoints from Hong …

China farmers push back the desert – one tree at a time – Tree-planting has been at the heart of China’s environmental efforts for decades as the country seeks to turn barren deserts and marshes near its borders into …

China will soon open a new stretch of rail across Tibet – This involves building Tibet’s second rail link with China’s interior at a total cost that state media say could be about ten times that of the Lhasa-Nyingchi stretch, …

Fauci defends China, claims it’s ‘far out’ COVID was created in a lab – Dr. Anthony Fauci rushed to China’s defense in two separate interviews — claiming the theory that COVID-19 leaked from a Wuhan laboratory is “far out” and …

Blackouts, soaring commodity prices hit Hong Kong firms on mainland – China’s domestic demand and exports continue to recover from the coronavirus pandemic, with factory orders at about 70 to 80 per cent of pre-pandemic levels, …

Remy Cointreau beats forecasts on U.S., China sales – PA on Thursday beat annual profit expectations amid U.S. and Chinese demand for premium cognac but its shares fell after investment plans pointed to slower …

The China syndrome: Delaying or averting the path to conflict – TheHillI was both right and wrong. I concluded that, while the Chinese had the long view of history, compared to the West, and the People’s Republic of China (PRC) saw …

Jack Ma’s Ant Group gets nod to operate consumer finance firm, a key step in fixing regulatory issues – Ant will hold a 50% stake in the new entity and contribute 4 billion Chinese yuan ($625.93 million) in registered capital, the China Banking and Insurance …

Is Biden’s spending plan enough to halt China’s economic ascension? – Since China’s post-pandemic economic growth is already showing signs of peaking, and the US economy is accelerating, it is possible the American growth rate …

China Forbids Publicly Memorializing Tiananmen
Massacre. Will Hong Kong Follow?
 – Tomorrow, June 4, marks 32 years since Chinese soldiers cleared pro-democracy protesters from Beijing’s Tiananmen Square. It is believed the troops killed …

Biden declares June a ‘national month of action’ in bid to boost vaccinations – China appeared to be nearing herd immunity, with more than 660 million shots administered, while cases surged across South America. Deaths Cases …

China’s services activity growth slows in May – Caixin PMI – Though slower to recover from the epidemic than manufacturing, a gradual improvement in consumption has stimulated activity in China’s services sector, which …

China makes desalination push to ease water scarcity – China will invest in new desalination plants over the 2021-2025 period and raise capacity to 2.9 million tonnes a day in a bid to boost …

Will Huawei’s Android knockoff appease China’s technology hawks? – Now, the Chinese tech giant hopes it can stage a comeback by developing its own operating system: HarmonyOS. Huawei rolled out HarmonyOS for its latest …

Fauci: Don’t be ‘accusatory’ with China on coronavirus investigation – Fauci: Don’t be ‘accusatory’ with China on coronavirus investigation. Fauci was thanked last year by funder of Wuhan research for dispelling lab-leak theory. By …

Fashion wholesale marketplace JOOR opens China office – JOOR, an online marketplace that connects fashion brands and retailers around the world, has opened its first China office in downtown Shanghai as it eyes …

‘Too much pressure’: mixed reaction to China’s new 3-child policy – Beijing has relaxed its family planning rules, but researchers aren’t optimistic that young Chinese will want to have more kids; The cost of raising children may …

As yuan surges, US-China trade talks put spotlight back on exchange rate – signed with the US last year. But Washington is concerned Chinese state-owned banks might be acting as proxies for the People’s Bank of China (PBOC) to …

China launches Fengyun-4B meteorological satellite – China successfully sent the Fengyun-4B weather satellite into geosynchronous transfer orbit Wednesday with the country’s 16th orbital launch of …

U.S. Plows Cash Into R&D as China Triggers a ‘Sputnik Moment’ – Something similar may be under way now, when the challenge comes from China. Federal money for research and development, as a share of the economy, has …

Producer, consumer problems next on agenda for US-China trade talks – China, US agree to ‘pragmatically solve problems for producers, consumers’ as trade talks resume. Vice-President Liu He met US Treasury Secretary Janet Yellen …

The Chinese state is pumping funds into private equity – Wang Weizhong told angel investors late last year that if they set up a fund in the south China tech hub, the government would bear 40% of their losses. For the …

Liberals, Tories debate over fears criticizing China sparks anti-Asian racism hate – Tory MPs asked Justin Trudeau last week to respond to reports that scientists at a Winnipeg infectious-diseases laboratory had been collaborating with Chinese …

China hopes for post-Moore ‘fresh start’ for semiconductors – But senior Chinese officials see opportunities. Moore’s law has been a sore spot for China’s semiconductor industry. The country has plenty of good chip design …

Tracking China through indexes – Fred Zheng (pictured) at Triplicity writes on the growth of ETFs in China – With continuous improvement of the ETF market, the ETF market in China entered a …

Are Five Eyes nations banding together in united front against China? – This time the focus was squarely on China, shifting from more private intelligence sharing to a more public stance on policy towards Beijing. Besides Hong Kong …

Chinese Property Bonds Are Hot, Defaults Aside – Investors find more appetite for risk as they hunt for yields in a challenging market. China’s property bond sales are up, despite market challenges …

China plans Covid jabs for its nationals in India – China’s “Spring Sprout” programme was launched in March and more than 500,000 Chinese nationals in over 120 countries have benefited. READ FULL …

The Limits on China’s Role in Syria – Damascus may be keen to seek Chinese funds to rebuild, but interest from Beijing and Chinese firms will be tempered by caution. By Guy Burton, Nick Lyall, and …

China means you always say ‘Sorry!’ – But over a half-century later, the love of money has Hollywood falling all over itself to apologize to communist China. “Fast and Furious” is not only an exhaustive …

Slow to Start, China Mobilizes to Vaccinate at Headlong Pace – China’s total is roughly a third of the 1.9 billion shots distributed globally, according to Our World in Data, an online research site. The call to get vaccinated comes …

#AceNewsDesk report ……Published: Jun.05: 2021:

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