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The Latest Breaking News from Beijing

Full Truck Alliance Shift Up a Gear on Regulatory Easing Reports

Key Takeways: Full Truck Alliance shares are up 60% from a mid-March low, including a 32% gain since Friday, on reports that Beijing may ease its regulatory oversight of big tech companies Company is currently undergoing a data security review and said its business could contract in the second quarter…

Benzinga

Oil Slips on China Demand Worries, While EU Weighs Russia Oil Ban

Oil slipped about 1% on Tuesday as concerns about the demand outlook due to prolonged COVID lockdowns in China outweighed support from a possible European oil embargo on Russia over its actions in Ukraine. Beijing, reporting dozens of new cases daily, is mass-testing residents to avert a lockdown similar to…

Asharq Al-Awsat

Fitch Cuts China's 2022 GDP Forecast on COVID Hit

Fitch said on Tuesday it has cut China's GDP growth forecast for 2022 to 4.3% from 4.8%, saying pandemic-related disruptions have had an impact on the country's economy in the first two quarters of the year. The rating agency said it stills expects a quarter-over-quarter GDP contraction in the second…

Asharq Al-Awsat

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Beijing to postpone school reopening for at least one week after labour day holiday

Beijing will postpone school reopening for at least one week after the labour day holiday, an official said at a press briefing on Tuesday.

Reuters

US Relieved as China Appears to Heed Warnings on Russia

Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior US officials say they have not detected overt Chinese military and economic support, a welcome development in the tense US-China relationship. US officials told Reuters in recent days they remain wary about China's…

Asharq Al-Awsat

U.S. relieved as China appears to heed warnings on Russia

Two months after warning that Beijing appeared poised to help Russia in its fight against Ukraine, senior U.S. officials say they have not detected overt Chinese military and economic support, a welcome development in the tense U.S.-China relationship.

Reuters

China envoy vows to play 'constructive role' amid tensions on Korean peninsula

China remains committed to playing a constructive role in resolving the North Korea nuclear issue, Beijing's Korean affairs envoy said on Tuesday, a week after the North vowed to develop its nuclear forces "at the fastest possible speed".

Reuters

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Some in Shanghai get out for a rare stroll; Beijing tightens COVID curbs

Some of Shanghai's 25 million people managed to get out on Tuesday for short walks and shopping after enduring more than a month under a COVID-19 lockdown, while China's capital, Beijing, focused on mass tests and said it would keep schools closed.

Reuters

Elon Musk's grand vision for Twitter faces reality check in Asia

SAN FRANCISCO: For all the furor about which way Elon Musk might tilt US political discourse after getting the keys to Twitter Inc, his biggest challenges may emerge across the Pacific.

The Times of India

Beijing preps COVID-19 hospital spaces, though new cases low

Beijing is preparing new hospital facilities to deal with a spike in COVID-19 cases, even though the numbers of new cases remain low

The Independent UK

‘Not a businessman’: Hong Kong’s next chief faces test on economy

John Lee to take over business hub as economy languishes after two years of political crackdowns and pandemic controls.

Al Jazeera

Musk’s grand vision for Twitter faces reality check in Asia

For all the furor about which way Elon Musk might tilt U.S. political discourse after getting the keys to Twitter Inc., his biggest challenges may emerge across the Pacific.

Tribune News Service

China backs Sri Lanka's decision to work with IMF to restructure debt

China supports crisis-hit Sri Lanka's decision to work with the International Monetary Fund (IMF) to restructure its debt, Beijing's ambassador Qi Zhenhong told Sri Lankan Finance Minister Ali Sabry at a meeting on Monday.

Reuters

Indian professionals in China urge Jaishankar to press Chinese govt. to permit return of their families

“The work for Indian students’ return has already been started.” Chinese Foreign Ministry spokesman Zhao Lijian

The Hindu

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Daily Mirror

Man convinced he has Covid seals himself inside car creating makeshift quarantine unit

The unnamed Beijing resident took self-isolation to the extreme when he shut himself inside his car upon learning he'd been exposed to coronavirus, not even opening the door to get food

Reuters

Setback for Shanghai's COVID battle as Beijing ramps up mass testing

China's commercial capital of Shanghai was dealt a blow on Monday as authorities reported 58 new COVID-19 cases outside areas under strict lockdown, while Beijing pressed on with testing millions of people on a May Day holiday few were celebrating.

Reuters

Beijing concerned with rising North Korea tensions, envoy says in Seoul

Beijing is concerned about the tense situation on the Korean peninsula, China's Korean affairs envoy said as he arrived for talks in Seoul this week, adding that both the symptoms and root cause of tensions needed to be addressed.

Asharq Al-Awsat

China’s ‘Zero-COVID’ Restrictions Curb May 1 Holiday Travel

Many Chinese are marking a quiet May Day holiday this year as the government's "zero-COVID" approach restricts travel and enforces lockdowns in multiple cities. All restaurants in Beijing are closed to dine-in customers from Sunday through the end of the holiday on Wednesday, open only for takeout and delivery. Parks…

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Reuters

As Beijing tightens COVID curbs, hard-hit Shanghai sees signs of life

The Chinese capital Beijing tightened COVID restrictions on Sunday as it battled an outbreak, while Shanghai let more of its 25 million residents venture out for light and air after reporting a second day of zero infections outside of quarantine areas.

Asharq Al-Awsat

Ukraine FM Asks China to Be Security Guarantor

Ukraine's foreign minister has asked China to provide security guarantees for Kyiv, in a lengthy interview containing some of the most direct criticisms of Moscow recently published by Beijing's state media. Western powers and Ukraine have repeatedly urged China to condemn Russia's invasion as it tries to maintain a supposedly…

Tribune News Service

Shanghai’s COVID measures to remain even as spread slows

Shanghai’s measures to stem community spread of COVID-19 will remain in place, even as infections drop and the city reported no new cases outside quarantined areas on Friday for the first time since the recent outbreak started.

The Independent UK

Beijing shuts dine-in services for holidays to stem outbreak

Restaurants in Beijing have been ordered to close dine-in services over the May holidays as the Chinese capital grapples with a COVID-19 outbreak

Tribune News Service

Alarmed by Russia’s invasion, Europe rethinks its China ties

Russia’s war on Ukraine has triggered a profound reassessment in European capitals of their individual and collective relations with China.

Asharq Al-Awsat

Beijing Tightens Covid Restrictions as Long Holiday Begins

Beijing will amp up its Covid-19 restrictions with additional testing requirements, officials announced on Saturday, as the start of the Labor Day holiday was muted by creeping infections in the capital. The five-day break is typically one of China's busiest travel periods, but the country's worst Covid resurgence since early…

Al Jazeera

China manufacturing output drops to lowest level in 2 years

The figures come as Beijing doggedly pursues a zero-Covid response leading to lockdown measures in several cities.

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