China worries over increase in Covid-19 cases as holiday exodus begins
Synopsis by japannews.yomiuri.co.jp Jan 21 23
The Chinese government, which has taken steps to change its zero-COVID policy, announced Friday that it will partially lift a ban on overseas group travel from ...Read full article 
Asia Times: Will China continue to dominate global trade in 2023?
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| Last Updated | Jan 21 23 |
| Total Articles | 6 |
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respiratory syndrome and infectious disease in humans, caused by SARS coronavirus 2
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China to partially lift ban on overseas group travel: The Chinese government, which has taken steps to change its zero-COVID policy, announced Friday that it ...
japannews.yomiuri.co.jp/society/general-news/20230121-85547/
Singapore expects to avoid economic recession but growth also depends on external conditions: PM Lee
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China worries over increase in Covid-19 cases as holiday exodus begins: Urban workers crowd train stations across China’s largest cities as the country’s mass ...
thestar.com.my/lifestyle/travel/2023/01/21/worry-over-increase-in-covid-19-cases-as-holiday-exodus-begins
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China to partially lift ban on overseas group travel: The Chinese government, which has taken steps to change its zero-COVID policy, announced Friday that it ...
japannews.yomiuri.co.jp/society/general-news/20230121-85547/
Singapore expects to avoid economic recession but growth also depends on external conditions: PM Lee
straitstimes.com/singapore/singapore-expects-to-avoid-economic-recession-but-growth-also-depends-on-external-conditions-pm-lee
China worries over increase in Covid-19 cases as holiday exodus begins: Urban workers crowd train stations across China’s largest cities as the country’s mass ...
thestar.com.my/lifestyle/travel/2023/01/21/worry-over-increase-in-covid-19-cases-as-holiday-exodus-begins
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Beijing half marathon: Organisers investigating controversial finish: Organisers of the Beijing half marathon will investigate allegations that three African ...
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Quick Glance: Investigation Launched After Beijing Half Marathon Finish
- Following the finish of the Beijing Half Marathon, the results are now under scrutiny due to the peculiar behavior displayed by three runners from Kenya and Ethiopia.
- A Chinese runner overtook the others, as seen in a recorded livestream of the Beijing Half Marathon. The remaining three runners - Willy Mnangat and Robert Keter from Kenya, and Dejene Hailu from Ethiopia - followed closely behind, with He claiming the first place.
- The organizers of the half-marathon are currently examining the results after a video of the finish circulated online, prompting many to question the intention of the three African runners to slow down.
- The winner secured the first place with a time of 1 hour 3 minutes 44 seconds. Mnangat, Keter, and Hailu shared the second place, one second later.
Beijing half marathon winners stripped of medals after African trio let Chinese runner win
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Quick Glance: Scandal at Beijing Half Marathon: 4 Runners Disqualified
- Following an unusual finish at the Beijing Half Marathon, the top finishers were disqualified as three runners from Africa seemingly made way for a Chinese competitor to win.
- The finish line incident caused a commotion, prompting questions about why the three other runners appeared to yield the victory to He.
- Subsequent to the investigation, all four runners were disqualified for the pacemakers deliberately slowing down in the final two kilometers of the race, aiding He's victory.
- Confirmation was provided by the organizers that although Xtep invited Mnangat, Keter, and Hailu as pacemakers, they were mistakenly registered as ordinary competitors.
US deficit poses ‘significant risks’ to global economy, warns IMF: Fund also cites concerns over fiscal ‘imbalances’ in UK, China and Italy
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Quick Glance: IMF Warns of Fiscal Deficits in US and China
- The IMF has warned the US that its massive fiscal deficits have stoked inflation and pose “significant risks” for the global economy.
- Concerns were also raised about Chinese government debt, with the country projected to have a deficit of 7.6 per cent in 2025, more than double the average for other emerging markets.
- In addition to the US and China, the fund named two more countries that “critically need to take policy action to address fundamental imbalances between spending and revenues”.
- The IMF noted that “large and sudden increases” in US borrowing costs typically lead to surges in government bond yields globally and exchange rate turbulence in emerging markets and developing economies.
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Quick Glance: Joe Biden Calls for Significant Increase in Tariffs on Chinese Steel
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- During a meeting with United Steelworkers union members in Pittsburgh, Biden calls on trade representative Katherine Tai to raise the tariffs from the current average of 7.5 percent.
- The main focus of the measures is to combat China's new export surge and the ongoing price pressure that makes it difficult for American steel companies to compete.
- The Biden administration's decision to increase tariffs is expected to impact recent efforts by Washington and Beijing to stabilize relations.
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Congress Speeds TikTok Ban Bill By Adding It To Ukraine, Israel, Taiwan Aid Package
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Iran oil exports hit 6-year high as west prepares sanctions: Surge in crude sales to China exposes limits of US and EU attempts to rein in Islamic republic
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Quick Glance: Iran's Oil Exports Thrive Amid Rising Tensions
- Iran is exporting more oil than in the past six years, providing the economy with a $35 billion annual boost, as western countries consider tightening sanctions in response to the attack on Israel.
- The US and the EU are preparing new sanctions on the Islamic republic to deter conflict escalation with Israel, facing challenges due to Iran's successful circumvention of sanctions, especially with China being its primary customer.
- Iran has found ways to bypass sanctions, shielded from western pressure as its main oil exports go to China. Tensions have escalated since the Hamas attack on Israel, driving oil prices up by over 15%, while US efforts to sanction individual tankers carrying Iranian oil have had minimal impact so far.
- Mounting Republican pressure urges the Biden administration to take tougher action on Iran's oil sales, with criticism over perceived leniency on existing measures. Despite US strategic oil reserves being released to stabilize prices, concerns remain over the administration's stance on enforcing sanctions similar to the previous Trump administration.
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Bloomberg New Economy: IMF Scrutinizes US Economy Instead of Going After China: As the US delegation looked to the annual springtime gathering of finance chiefs ...
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- Wray revealed that the Chinese hacking campaign known as Volt Typhoon has accessed numerous American companies in telecommunications, energy, water, and other critical sectors.
- The Chinese hackers operate a series of botnets to conceal their malicious cyber activities, making it difficult to determine the intent of this cyber pre-positioning.
- China's Embassy in Washington pointed out that some in the U.S. are tracing cyberattacks back to China and politicizing them, while China claims to be the victim in this scenario.
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China’s GDP jumps 5.3% in first quarter: Growth rate beats expectations as Beijing tries to steer manufacturing-led economic revival
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- Business delegation accompanies Scholz, de-risking in other countries, export wave heading towards Germany.
- Scholz aims to influence China regarding Ukraine conflict and Iran crisis, despite existing dependencies.
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Verstappen wins Chinese GP sprint race: Red Bull's triple world champion Max Verstappen won the first sprint race of the Formula One season at the Chinese Grand ...
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- The track is unknown and coated with thin asphalt, causing uncertain driving conditions.
- McLaren's Lando Norris secured the pole for the sprint race after a rainy qualifying session that challenged drivers.
- Practices revealed unusual names at the top, hinting at an entertaining race ahead.
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- Samsung regains its status as the world's largest smartphone manufacturer in the first quarter of 2024, just three months after Apple claimed the top spot.
- The market's strongest growth comes from two Chinese manufacturers, while Apple continues to face challenges in the world's largest smartphone market.
- Despite an overall increase in global smartphone shipments, Apple experiences a decline in iPhone sales in China and misses out on much of the broader industry recovery.
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- The EU demands TikTok owner ByteDance to submit a risk assessment for TikTok Lite within 24 hours to address compliance questions related to the Digital Services Act.
- EU's concerns focus on the launch of TikTok Lite, especially on a reward-linked engagement feature that could have a negative impact on young people's mental health.
- The EU has requested TikTok to provide more information on the risk assessment of the new program and the measures to mitigate systemic risks.
- The company has until April 26 to provide additional information before the EU decides on potential further steps, such as a formal investigation.
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- China’s top 'red circle' law firms are aggressively expanding their international presence and working at lower fees than western competitors.
- Several Chinese firms have opened offices in Asia and the US since early 2023, while international rivals retreat from the Chinese market.
- This expansion signals Chinese firms' aspiration to capture international clients and move into China-friendly nations.
- Although Chinese firms still lag behind western rivals, China's growing global presence is opening doors to international markets and fostering potential for future growth.
Japan 'two-faced' for seeking closer ties while warning of China threat, Chinese state media says
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- Luxury apartments in Hong Kong are being reduced by almost half in price.
- Developers have only managed to sell five out of 295 apartments.
- Buyers are allowed up to 180 days for downpayments.
- Developers are in restructuring discussions due to credit issues.
IMF Warns Surge in U.S., China Debt Could Have ‘Profound’ Impact on Global Economy
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- Chinese President Xi Jinping met with former Taiwanese President Ma Ying-jeou and stated that outside influence cannot prevent the "family" reunion between Beijing and Taipei.
- Xi highlighted dialogue between the two sides, emphasizing that all issues can be discussed.
- Beijing sees the self-ruled island as a province that must be reunited with mainland China, not ruling out the use of force to assert its claims on Taiwan.
- Tensions across the Taiwan Strait are escalating, with Xi stressing that both sides are Chinese and that all issues can be discussed without separation.
Chinese Half-Marathon Champion Is Disqualified—Along With Runners Who Let Him Win
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- The U.S. and Chinese governments are working together to combat money laundering in their financial systems.
- A new agreement allows officials from both countries to meet regularly and share information on enforcement actions.
- The goal is to close financial system loopholes by sharing best practices.
- The agreement was established during the visit of U.S. Treasury Secretary Janet Yellen to China.
China’s big cities are sinking: Groundwater extraction and heavy skyscrapers are key factors in an accelerating trend
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Quick Glance: Mexico Ends Incentives for Chinese Electric Vehicle Manufacturers
- Under US pressure, Mexico discontinues incentives for Chinese car manufacturers.
- US pressure compels Mexico to avoid Chinese automakers.
- Mexico caught in the middle of car wars between the US and China.
- US pressure leads to Mexico ceasing incentives for Chinese electric vehicles.
China’s Big Data Release to Show If Economy Rebounded
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China opens new air routes near Taiwanese islands: China's aviation regulator said on Friday it had opened new air routes to the Chinese cities of Xiamen and ...
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China's technological development has run out of steam: Nina Xiang is managing director at TH Capital, an investment advisory and asset management firm ...
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Quick Glance: Apple removes WhatsApp and Threads in China
- Apple removes Meta-owned apps under Chinese government pressure.
- Apps delisted due to 'national security concerns'.
- Chinese users now unable to download Western social media apps.
- Apple faces declining iPhone sales in China despite branding efforts.
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Aston Martin protest Chinese GP qualifying results: Aston Martin protested the results of Chinese Grand Prix qualifying on Saturday after Ferrari's Carlos Sainz ...
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China’s GDP grows 5.3% in the first quarter of 2024: China’s economy grew stronger than expected at the start of this year, partly thanks to robust factory ...
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Quick Glance: China's Economy Surprisingly Strong in Q1 2024
- China's economy experienced stronger growth than anticipated in the first quarter of this year, primarily due to the thriving high-tech manufacturing sector.
- In the initial quarter, industrial production saw a 6.1% increase compared to the previous year, driven by the flourishing high-tech industry. Notably, the manufacturing of 3D printing devices, electric vehicle charging stations, and electronic components surged by approximately 40% year-over-year.
- A recent official report highlighted a rise in China's manufacturing purchasing managers' index during the first quarter, marking the first increase in six months. Moreover, the Caixin/S&P Manufacturing PMI, a privately conducted survey, achieved its highest level in over a year as foreign demand grew.
- China's economy grew by 5.2% in 2023. Despite a significant improvement from the previous year, it still represented one of the country's weakest economic performances in more than thirty years.
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China: Internet amused by 'sanitary pad' building design: The blueprint of North Nanjing train station has attracted reaction for all the wrong reasons.
bbc.com/news/articles/c136n018jkeo
Biden to call for higher tariffs on Chinese metals in Pittsburgh
reuters.com/world/us/biden-call-higher-tariffs-chinese-metals-steel-city-pittsburgh-2024-04-17/
“They are cheating”: US President Biden wants to increase tariffs on Chinese steel
spiegel.de/wirtschaft/unternehmen/dumpingvorwuerfe-an-china-us-praesident-joe-biden-will-zoelle-auf-stahl-erhoehen-a-19a45d4c-627a-453c-9413-ec63e1d619d2
Florida ban on Chinese buying property goes to U.S. appeals court: NEW YORK -- A federal appellate court in Miami hears arguments Friday in a lawsuit challenging ...
asia.nikkei.com/Politics/International-relations/US-China-tensions/Florida-ban-on-Chinese-buying-property-goes-to-U.S.-appeals-court
Paid articlePaid
Apple Considering Opening a Factory in Indonesia, CEO Says: Tim Cook said that the giant tech firm would look at options in Indonesia, as it continues to reduce ...
thediplomat.com/2024/04/apple-considering-opening-a-factory-in-indonesia-ceo-says/
US trade chief calls for 'decisive' action to shield EV sector from China: The U.S. must take "decisive" action to protect electric vehicles (EVs) from ...
reuters.com/business/autos-transportation/ustr-tai-calls-decisive-action-shield-ev-sector-china-2024-04-17/
Chinese spies target Dutch industries to strengthen military, intelligence agency says
reuters.com/world/china/chinese-spies-target-dutch-industries-strengthen-military-intelligence-agency-2024-04-18/
US Faces Pushback by Netherlands, Japan on More China Chip Export Bans: US attempts to press the Netherlands and Japan into further curbing Chinese access to ...
bloomberg.com/news/articles/2024-04-12/us-faces-pushback-on-more-china-chip-curbs-as-election-nears
Paid articlePaid EU probes on Chinese subsidies and imports: The European Union is reportedly set to launch an investigation into China's procurement of medical devices in a ...
reuters.com/business/eu-probes-chinese-subsidies-imports-2024-04-19/
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