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June 9, 2021

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Chinese factories worried about profits face a record gap between rising production costs and selling prices

CNBC
CNBC – For more and to sign up click here Employees work at a factory producing trucks in Zhangjiakou in China’s northern Hebei province on June 9, 2021. STR | AFP | Getty Images BEIJING — Chinese factories are facing the largest gap on record between the speed at which......

EXCLUSIVE Apple, Chinese manufacturers in talks on U.S. car battery factory -sources

Reuters
Apple Inc (AAPL.O) is in early-stage talks with China’s CATL (300750.SZ) and BYD (002594.SZ), about the supply of batteries for its planned electric vehicle, four people with knowledge of the matter said. The discussions are subject to change and it is not clear if agreements with either CATL or BYD......

Chinese grocery app Dingdong Maicai files for U.S. IPO

Reuters
Chinese grocery app Dingdong Maicai, backed by investors including Sequoia Capital and Tiger Global Management, filed for a U.S. initial public offering on Tuesday, as it seeks more funds to compete in a crowded sector. The COVID-19 pandemic has fueled online demand for fresh produce in China, with e-commerce companies......

Major Chinese city battles Delta Covid variant first detected in India with lockdowns, mass testing

CNBC
CNBC – For more and to sign up click here People wait in lines for nucleic acid testing on May 26, 2021 in Guangzhou, China. Visual China Group | Getty Images GUANGZHOU, China — Authorities in the southern Chinese province of Guangdong are carrying out mass testing and have locked......

Chinese authorities continue to obstruct world’s ability to get answers on virus

Detriot News
Detroit News – For more and to sign up click here In the video, the researchers scale the cavern wall, their headlamps ghostly blue. “If our skin is exposed, it can easily come in contact with bat excrement and contaminated matter, which means this is quite risky,” says Tian Junhua,......

Hungarians protest against planned Chinese university campus

Reuters
Thousands of Hungarians, some of them holding banners declaring “Treason”, protested on Saturday against a Chinese university’s plans to open a campus in Budapest. Liberal opponents of nationalist Prime Minister Viktor Orban accuse him of cosying up to China, and fear the campus could undercut the quality of higher education......

Biden Expands Trump-Era Ban on Investment in Chinese Firms Linked to Military

New York Times
The new executive order is another case in which the Biden administration is building on a Trump-era China initiative. Mr. Biden has also kept tariffs on Chinese goods in place, as leverage in negotiations. In this case, Biden administration officials say they were acting partly to fix the executive order......

Biden prohibits U.S. investment in 59 Chinese companies allegedly tied to military, surveillance

CNBC
CNBC – For more and to sign up click here US President Joe Biden speaks during a commemoration of the 100th anniversary of the Tulsa Race Massacre at the Greenwood Cultural Center in Tulsa, Oklahoma, on June 1, 2021. Mandel Ngan | AFP | Getty Images President Joe Biden on......

Fauci agreed to ‘work together’ with Chinese official on the coronavirus pandemic in 2020, new emails show

WashingtonExaminer
USA TODAY – For more and to sign up click here Lawrence Richard Dr. Anthony Fauci communicated with a Chinese official about the United States’s coronavirus response and said they’d “get through this together,” a newly released email batch shows. “Let’s work together to get the virus out of the......

Fauci agreed to ‘work together’ with Chinese official on the coronavirus pandemic in 2020, new emails show

WashingtonExaminer
USA TODAY – For more and to sign up click here Lawrence Richard Dr. Anthony Fauci communicated with a Chinese official about the United States’s coronavirus response and said they’d “get through this together,” a newly released email batch shows. “Let’s work together to get the virus out of the......

China wants couples to have more kids. Chinese people are less enthusiastic.

CNBC
CNBC – For more and to sign up click here China’s shopping malls increasingly feature activity centers similar to this one in Beijing, where kids make cakes on Children’s Day on June 1, 2020. Zhao Jun | China News Service | Getty Images BEIJING — For many Chinese people, government......

A Chinese city locks down a neighborhood after a flare-up worries officials.

New York Times
New York Times – For more and to sign up click here Officials in the southern Chinese city of Guangzhou ordered a neighborhood to lock down over the weekend, closing schools and banning dining in restaurants while they try to contain a cluster of coronavirus cases that appeared to have......

Five ways to trade the divergence between the Chinese yuan and U.S. dollar

CNBC
CNBC – For more and to sign up click here The Chinese yuan is on a tear. The currency hit a three-year high in offshore markets on Thursday while the U.S. dollar index hovered near 12-month lows, accentuating an ongoing divergence. China’s yuan has outperformed against the dollar since mid-2020.......

Chinese embassy in U.S. says politicising COVID-19 origins hampers investigations

Reuters
Chinese and U.S. flags flutter outside a company building in Shanghai, China April 14, 2021. REUTERS/Aly Song Politicising the origins of COVID-19 would hamper further investigations and undermine global efforts to curb the pandemic, China’s U.S. embassy said after President Joe Biden ordered a review of intelligence about where the......

Capital Calls: Chinese video star has further to fall

Reuters
A screen showing footages of the military parade marking the 70th founding anniversary of People’s Republic of China on October 1, 2019 is seen at a booth of Chinese video-streaming startup Kuaishou, at the 2020 China International Fair for Trade in Services (CIFTIS) in Beijing, China September 4, 2020. REUTERS/Tingshu......

Chinese bitcoin traders still wield ‘enormous influence’ despite Beijing’s 4-year crypto crackdown

CNBC
CNBC – For more and to sign up click here In this photo illustration, the Bitcoin logo is seen on a mobile device with People’s Republic of China flag in the background. (Photo Illustration by t/SOPA Images/LightRocket via Getty Images) Budrul Chukrut | SOPA Images | LightRocket | Getty Images......

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