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January 23, 2021

China

Why international stocks could outperform U.S. markets this year

CNBC
CNBC – For more and to sign up click here This could be the year for international investments. Foreign equities have the opportunity to outperform U.S. stocks in 2021, three market analysts said Thursday. Developed and emerging markets are so far outpacing the S&P 500 year to date, with China......

A year after Wuhan lockdown, China reports small rise in COVID-19 cases

Reuters
By Andrew Galbraith, Winni Zhou SHANGHAI (Reuters) – China on Saturday reported a slight increase in new cases of COVID-19 as it marks the anniversary of the world’s first coronavirus lockdown, in the city of Wuhan where the disease emerged in late 2019. Workers in protective suits help residents in......

WHO to consider two Chinese COVID-19 vaccines next week

Reuters
FILE PHOTO: A logo is pictured outside a building of the World Health Organization (WHO) during an executive board meeting on update on the coronavirus outbreak, in Geneva, Switzerland, February 6, 2020. REUTERS/Denis Balibouse GENEVA (Reuters) – The World Health Organization will begin considering China’s two COVID-19 vaccines for emergency......

As Biden takes office, China again calls for relations with the U.S. to ‘return to the right track’

CNBC
CNBC – For more and to sign up click here Flags of U.S. and China are displayed at American International Chamber of Commerce (AICC)’s booth during China International Fair for Trade in Services in Beijing, China, May 28, 2019. Jason Lee | Reuters BEIJING — In the wake of U.S.......

Stock bubble worries push Chinese investors from home to Hong Kong

Reuters
By Luoyan Liu, Andrew Galbraith SHANGHAI (Reuters) – As China’s blue-chip index approaches an all-time high, growing fears about bubbles developing in some parts of the country’s stock market are prodding some investors to seek bargains in Hong Kong. Retail investors have poured money into stocks via mutual funds, pushing......

China failed to buy agreed amounts of U.S. goods under ‘phase one’ trade deal, data shows

CNBC
CNBC – For more and to sign up click here SINGAPORE — China has so far failed to meet its purchase commitments for U.S. goods under the “phase one” trade deal that it struck with the Trump administration. As part of the “phase one” trade deal, China agreed to buy......

Oil drops as new COVID cases in China trigger clampdowns

Reuters
MELBOURNE (Reuters) – Oil prices fell in early trade on Friday, retreating further from 11-month highs hit last week, on worries new pandemic restrictions in China will curb fuel demand in the world’s biggest oil importer. FILE PHOTO: The sun is seen behind a crude oil pump jack in the......

Biden’s team talks tough on China as early signs show policies won’t differ sharply from Trump’s

CNBC
CNBC – For more and to sign up click here U.S. President Joe Biden delivers his inaugural address on the West Front of the U.S. Capitol on January 20, 2021 in Washington, DC. Rob Carr | Getty Images U.S. President Joe Biden and his predecessor Donald Trump may disagree about......

Millions of new investors piled into mainland Chinese stock markets in 2020

CNBC
CNBC – For more and to sign up click here An investor looks at an electronic board showing stock information at a brokerage house in Nanjing, Jiangsu province, China. Reuters BEIJING — More Chinese investors are piling into the local stock market. In December, the mainland stock market recorded 1.62......

China doubles new renewable capacity in 2020; still builds thermal plants

Reuters
By Muyu Xu, David Stanway BEIJING/SHANGHAI (Reuters) – China more than doubled its construction of new wind and solar power plants in 2020 from a year earlier, government data showed, reflecting Beijing’s pledge to cut fossil fuel dependence and bring carbon emissions to a peak within a decade. FILE PHOTO:......

Qualcomm’s chip market share plunges in China after Huawei sanctions; MediaTek takes No. 1 spot

CNBC
CNBC – For more and to sign up click here Qualcomm’s Snapdragon 888 chip will be used in premium Android devices that could cost over $1000. Qualcomm Qualcomm’s market share of China’s smartphone chip market plunged in 2020 due to U.S. sanctions on Huawei, according to a new report. As......

Biden administration calls China sanctions on Trump officials ‘unproductive and cynical’

Reuters
(Reuters) – China’s move to sanction former Trump administration officials was “unproductive and cynical”, a spokeswoman for President Joe Biden’s National Security Council said on Wednesday, urging Americans from both parties to condemn the action. FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Commerce......

Biden administration calls China sanctions on Trump officials ‘unproductive and cynical’

Reuters
(Reuters) – China’s move to sanction former Trump administration officials was “unproductive and cynical”, a spokeswoman for President Joe Biden’s National Security Council said on Wednesday, urging Americans from both parties to condemn the action. FILE PHOTO: Flags of U.S. and China are displayed at American International Chamber of Commerce......

No question the Biden administration has to appear ‘very tough’ on China, former Singapore diplomat says

CNBC
CNBC – For more and to sign up click here SINGAPORE — The Biden administration will likely maintain tough rhetoric against China, a former Singapore diplomat said Wednesday. But it remains to be seen if the administration would listen to other countries in the region before implementing its policies towards......

China sanctions Pompeo, O’Brien, Azar and other Trump administration officials after Biden inauguration

CNBC
CNBC – For more and to sign up click here U.S. Secretary of State Mike Pompeo speaks during a press conference at the Great Hall of the People on June 14, 2018 in Beijing, China. Lintao Zhang | Getty Images WASHINGTON – The Chinese government on Wednesday slapped sanctions on......

Trump’s Last-Minute Moves Against China Complicate Biden’s Agenda

New York Times
New York Times – For more and to sign up click here The Trump administration cast its barrage of moves against Beijing, in its waning days, as necessary to stand up to China’s authoritarian leadership. Among its final acts, the administration declared that Beijing was committing genocide against Uighurs and......

China proposes tougher anti-trust rules for non-bank payment industry

Reuters
BEIJING (Reuters) – China’s central bank proposed stepping up anti-trust measures to rein in payment firms such as Ant Group’s Alipay and Tencent’s WeChat Pay, which dominate the non-bank payment industry. Under draft rules proposed on Wednesday, the People’s Bank of China (PBOC) can advise the state council’s antitrust committee......

Alibaba founder Jack Ma reappears for the first time since crackdown on his tech empire

CNBC
CNBC – For more and to sign up click here Alibaba founder Jack Ma has emerged after weeks out of the spotlight that sparked speculation about his whereabouts as his companies face increased regulatory scrutiny. In a video posted on Chinese social media, Ma addressed rural teachers as part of......

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