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March 7, 2021

Chinas

China’s CIC eyes U.S. investment after fund with Goldman raised $2.5 billion

Reuters
BEIJING (Reuters) – China’s $1 trillion sovereign wealth fund is scouting for long-term investment opportunities in the United States, an executive said, after a fund co-established with Goldman Sachs Group Inc raised $2.5 billion, half of the targeted amount. The China-U.S. Industrial Cooperation Fund, launched in November 2017 on the......

China’s market rates unlikely to rise rapidly in short term: state media

Reuters
SHANGHAI (Reuters) – China’s market interest rates are unlikely to rise rapidly in the short term despite the recent sharp uptick in U.S. bond yields, the state-run China Securities Journal said on Thursday. Chinese bonds have been “desensitized” to their U.S. counterpart, as economic cycles in the world’s two largest......

Biden’s team says it will use ‘all available tools’ to fight China’s unfair trade practices

CNBC
CNBC – For more and to sign up click here The U.S. flag flies at a welcoming ceremony between Chinese President Xi Jinping and U.S. President Donald Trump in 2017. Thomas Peter | Getty Images President Joe Biden’s team will use “all available tools” to fight China’s unfair trade practices,......

China’s most important chipmaker SMIC could be a big winner from the global semiconductor shortage

CNBC
CNBC – For more and to sign up click here A close up image of a CPU socket and motherboard laying on the table. Narumon Bowonkitwanchai | Moment | Getty Images GUANGZHOU, China — Chinese chipmaker SMIC could be a beneficiary of the global chip shortage, according to one analyst,......

Biden’s USTR pick vows to fight China’s ‘unfair’ practices

Reuters
FILE PHOTO: Katherine C. Tai addresses the Senate Finance committee hearings to examine her nomination to be United States Trade Representative, with the rank of Ambassador, in Washington, DC February 25, 2021. Bill O’Leary/Pool via REUTERS WASHINGTON (Reuters) – President Joe Biden’s trade nominee Katherine Tai said on Monday she......

China’s Tencent Cloud to open datacentre in Bahrain

Reuters
FILE PHOTO: A staff member introduces Tencent Cloud service during a government-organized media tour to Tencent headquarters in Shenzhen, Guangdong province China September 27, 2020. REUTERS/David Kirton DUBAI (Reuters) – Tencent Cloud, the cloud computing arm of Chinese technology giant Tencent Holdings, will launch an internet data centre in Bahrain......

China’s aging population is a bigger challenge than its ‘one-child’ policy, economists say

CNBC
CNBC – For more and to sign up click here A medical worker takes care of a newborn baby lying inside an incubator at Jingzhou Maternity & Child Healthcare Hospital on the eve of Chinese New Year, the Year of the Ox, on Feb. 11, 2021 in Jingzhou, Hubei Province......

U.N. rights chief decries violations in China’s Xinjiang, hopes for visit

Reuters
FILE PHOTO: U.N. High Commissioner for Human Rights Michelle Bachelet speaks during a news conference at the European headquarters of the United Nations in Geneva, Switzerland, December 9, 2020. REUTERS/Denis Balibouse GENEVA (Reuters) – United Nations human rights chief Michelle Bachelet said on Friday that China is restricting basic civil......

China’s economy could double in size by 2035 — and surpass the U.S. along the way

CNBC
CNBC – For more and to sign up click here China was one of the few economies globally that grew in 2020 despite the challenges posed by the Covid-19 pandemic. Official data showed the Chinese economy expanding by 2.3% last year, and the International Monetary Fund has forecast an 8.1%......

China’s factory activity growth likely moderated during Feb holiday lull: Reuters poll

Reuters
BEIJING (Reuters) – China’s factory activity likely grew at a slightly slower rate in February as factories closed for the Lunar New Year holiday, a Reuters poll showed, although growth is expected to remain firm, buoyed by an early resumption of production. FILE PHOTO: A worker wearing a face mask......

China’s economy could grow 8-9% this year from low base in 2020: central bank adviser

Reuters
FILE PHOTO: A view shows traffic during evening rush hour at the central business district (CBD) in Beijing, China, January 15, 2021. REUTERS/Tingshu Wang BEIJING (Reuters) – China’s gross domestic product (GDP) could expand 8-9% in 2021 as it continues to rebound from the COVID-19 pandemic, Liu Shijin, a policy......

Biden CIA pick insists it is in China’s self-interest to work with US on climate change

WashingtonExaminer
USA TODAY – For more and to sign up click here President Biden’s pick to lead the CIA insisted it’s in China’s self-interest to cooperate with the United States on climate change as Republicans worry climate czar John Kerry and the Biden administration might pursue a climate agreement with China......

Canada’s parliament passes motion saying China’s treatment of Uighurs is genocide

Reuters
OTTAWA (Reuters) – Canada’s parliament passed a non-binding motion on Monday saying China’s treatment of the Uighur Muslim minority in the Xinjiang region constitutes genocide, putting pressure on Liberal Prime Minister Justin Trudeau’s government to follow suit. FILE PHOTO: Security guards stand at the gates of what is officially known......

China’s foreign minister calls for the U.S. to remove tariffs and sanctions

CNBC
CNBC – For more and to sign up click here Chinese Foreign Minister Wang Yi speaks at a news conference after restoring diplomatic ties with Kiribati on the sidelines of the United Nations General Assembly in New York, U.S. September 27, 2019. Mark Kauzlarich | Reuters BEIJING — China’s Foreign......

Jake Sullivan criticizes China’s transparency on COVID-19 origin, but declines to stand by US intelligence on it

WashingtonExaminer
USA TODAY – For more and to sign up click here Biden national security adviser Jake Sullivan criticized China for blocking data on the origins of COVID-19, but declined to stand by declassified U.S. intelligence released at the end of the Trump administration, and said coronavirus origin investigations still must......

Op-Ed: Biden sought to rally U.S. allies in Munich, but unity will prove difficult as China’s influence grows

CNBC
CNBC – For more and to sign up click here It was by design that Joe Biden deployed the term “inflection point” three times in his most significant foreign policy speech as president on Friday. He wanted to ensure the historic weight of his words was not missed. Above all,......

Biden says U.S. and Europe must push back against China’s economic ‘abuses and coercion’

CNBC
CNBC – For more and to sign up click here President Joe Biden said Friday that the U.S. and its international partners must hold China to account for its economic practices. “We have to push back against the Chinese government’s abuses and coercion that undercut the foundations of the international......

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