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☆ What’s on the far side of the moon? Here’s why scientists want to find out
▼ + stars: | 2024-05-03 | by ( Ashley Strickland | ) edition.cnn.com time to read: +9 min

“The far side of the moon is very different from the near side,” said Li Chunlai, China National Space Administration deputy chief designer. The Yutu-2 lunar rover took an image of the Chang'e-4 lunar probe on the far side of the moon on January 11, 2019. Far side mysteriesDespite years of orbital data and samples collected during six of the Apollo missions, scientists are still trying to answer key questions about the moon. Hector Retamal/AFP/Getty ImagesChang’e-6 is just one mission heading to the moon’s far side as NASA has plans to send robotic missions there as well. Cracking the lunar codeOne of the most fundamental questions that scientists have tried to answer is how the moon formed.

Persons: Von, hasn’t, ”, Li Chunlai, David Trone, Bill Nelson, ” Nelson, “ We’re, Pink Floyd, Renu Malhotra, Louise Foucar, we’ve, Noah Petro, Artemis III, “, ” Petro, Artemis, Malhotra, Brett Denevi, ” Denevi, Hector Retamal, Denevi, Aitken, “ it’s, CNN’s Wayne Chang Organizations: CNN, China National Space Administration, NASA, Louise Foucar Marshall Science Research, Planetary Sciences, University of Arizona, Apollo, Reconnaissance, Artemis, Soviet Union, Johns Hopkins, Getty Locations: China, Tucson, AFP, Hainan Province

☆ Zhang Yongzhen: Chinese virologist shared crucial Covid-19 data. Then his research hit hurdles
▼ + stars: | 2024-04-30 | by ( Simone Mccarthy | Yong Xiong | ) edition.cnn.com time to read: +9 min

The ordeal is just the latest hindrance to Zhang’s research since 2020, according to a colleague who has been in contact with the Chinese scientist in recent years. The “institute always respects … and supports scientific researchers and students in carrying out normal research work,” the statement said. The earlier post by Zhang’s students said the two days originally allocated by the center for them to move their scientific work was insufficient. Following the release of the data, Zhang’s lab had limitations placed on it, which barred it from isolating the Covid virus, Holmes said. That included imposing restrictions by April 2020 on the publication of academic research on the origins of the novel coronavirus.

Persons: Zhang Yongzhen’s, Zhang, ”, hadn’t, Hector Retamal, Edward Holmes, Holmes, ” Holmes, “, He’s, Zhang Yongzhen, ” Zhang, “ He’s, It’s, virologist Organizations: Hong Kong CNN —, Shanghai, Health, Weibo, Zhang’s, Chinese Center for Disease Control, CNN, Fudan University, Health Clinical, Getty, World Health Organization, Nature, University, Sydney, CDC, China’s National Health Commission, Oxford University Press, Shanghai Public Health Center, Natural Science Foundation of China Locations: China, Hong Kong, Shanghai, Wuhan, AFP, Beijing

☆ As China's navy grows, the US fleet is on a 'downward trajectory,' maritime expert says
▼ + stars: | 2024-04-13 | by ( Polly Thompson | ) www.businessinsider.com time to read: +9 min

"It's the end of the pacifist period on the seas," Dr Steven Wills of the Center for Maritime Strategy, told Business Insider. The US fleet is still widely considered the world's most powerful navy due to its 11 aircraft carriers and cutting-edge nuclear submarine capabilities. "They're scrapping more ships than they're building, which means the US Navy is on a downward trajectory, not an upward trajectory," said Dr Salvatore Mercogliano, a maritime historian at Campbell University. Another piece of the puzzle is shipbuilding capacity. Expanding American shipbuilding capacity ought to start now, Wills said: "You don't make the arsenal of democracy overnight."

Persons: —, Dr Steven Wills, Gerald R, Ford, Nikos Libertas, Wills, Doug Livermore, Arleigh Burke, Salvatore Mercogliano, Tang Ke, Livermore, Defense Mark Esper, David Sacks, Mercogliano, That's, Xi Jinping, HECTOR RETAMAL, Sacks, I'm Organizations: Service, Center for Maritime Strategy, Business, Navy, US Navy, Campbell University, Naval, People's Liberation Army Navy, Defense, of Naval Intelligence, Council, Foreign Relations, Corpus Christi, Pearl, Naval Shipyard . US Navy, Pacific, of Foreign Relations, CSIS, US, South China, Australia Locations: China, Russia, Ukraine, Virginia, Yantai Port, Asia, America, Japan, South Korea, Los Angeles, Corpus, Taiwan, Beijing, Pingtan, China's, Pacific, Philippines, South

☆ 8 things you need to know about EV startup founder William Li — known as China's version of Elon Musk
▼ + stars: | 2024-03-30 | by ( Alexandra Bacon | ) www.businessinsider.com time to read: +6 min

The Shanghai-based premium EV company was co-founded in 2014 by its CEO, William Li. William Li, also known as Bin Li, has been dubbed the "Elon Musk of China" for his push to develop self-driving EVs and his loyal fan base. He co-founded his first major company in his mid-twentiesBitauto, a car comparison website, was co-founded by Li in 2000. AdvertisementAnyone who purchases a Nio car can access "Nio Houses" equipped with meeting rooms, lounges, baristas, and supervised kids' play areas. To Li's dismay, Nio cars are not yet available for sale in the USLi has expressed dissatisfaction with the US tariffs on Chinese-made EVs.

Persons: William Li, Li, —, Bin Li, Elon, EVs, he's, Tesla, Zoey Zhang Li, Nio, Li livestreamed, HECTOR RETAMAL, ET7, ALY, Elon Musk Organizations: Service, REUTERS, Peking University, New York Stock Exchange, NYSE, CNBC, Reuters Locations: China, Shanghai, Anhui, Nio, Europe, Xiamen, Mexico

☆ Battery swapping is taking off in China — and it could help rescue the EV revolution in the US
▼ + stars: | 2024-02-03 | by ( Tom Carter | ) www.businessinsider.com time to read: +8 min

The Tesla rival pioneering battery-swappingFounded by entrepreneur William Li — sometimes referred to as "China's Elon Musk" — in 2014, Nio has built a network of more than 2,000 battery swap stations in China. Experts told BI that battery swapping offers a solution to many of those concerns — in theory. Ample battery swapping technology promises to swap out an EV battery in under five minutes. It's a heavy innovation because battery swap is closely connected with the vehicle design and the sales model," said Dr Shen. Ample, which in the future plans to charge users a battery subscription fee to use its swap stations, has battery swap stations operating in Spain, Japan, and California, where it has worked mainly with fleet providers such as Uber.

Persons: —, William Li —, China's Elon, Nio, Fei Shen, William Li, HECTOR RETAMAL, JAC, Shen, Dylan Khoo, John Helveston, Helveston, Khoo, John De Souza, De Souza Organizations: Service, Business, EV, Chery, ABI Research, George Washington University, Fiat Locations: China, Europe, West, San Francisco, Spain, Japan, California

☆ Amid anguished joy, ‘nothing is impossible’ for the Palestinian national soccer team on its Asian Cup adventure
▼ + stars: | 2024-01-29 | by ( Eoin Mcsweeney | ) edition.cnn.com time to read: +7 min

CNN —As the echoes of the final whistle rang out around the Abdullah bin Khalifa stadium in Doha, Qatar, Palestinian players celebrated with anguished joy last week. The historic sporting moment for Palestinians comes as Israel’s war against Hamas rages in Gaza, causing widespread destruction and initiating a catastrophic humanitarian crisis. The Palestinian Football Association says that, as of December 6, 55 football players are amongst the dead, including amateur and youth members. Some Palestinian national team footballers, like Saleh, have reportedly lost family members or have relatives and friends trapped in Gaza. Palestinian national team players observe the national anthems prior to the AFC Asian Cup Group C match between Iran and Palestine at Education City Stadium on January 14, 2024 in Al Rayyan, Qatar.

Persons: Abdullah, Oday, Israel, Rami Hamada, Mohamed Saleh, Mohammed Rashid, CNN’s Eleni Giokos, “, Hong Kong, ”, “ We’re, Rashid, Mohammed Saleh, Hector Retamal, Saleh, ” Rashid, there’s, “ They’ve, ” Mohammed Rashid of, Mohammad Mohebbi, Masashi Hara, Gianni Infantino, we’re, Robert Cianflone, Monday’s Organizations: CNN, Palestinian national soccer team, AFC Asian, Hong, Qatar, Iran, Palestinian, UAE, Group C, Janoub, Getty, Ministry of Health, Palestinian Football Association, West Bank, Palestinian soccer, Education City, FIFA, UEFA, Russian, Israel, Persib, “, Hamas Locations: Doha, Qatar, Palestinian, Gaza, Hong Kong, Hong, Palestine, Al, AFP, “, Ramallah, Israel, Iran, Al Rayyan, Ukraine, Persib Bandung, refence, Russia

☆ The US is quietly arming Taiwan against a Chinese invasion — but it could backfire
▼ + stars: | 2023-11-07 | by ( Tom Porter | ) www.businessinsider.com time to read: +8 min

AdvertisementAdvertisementIn late August, the US approved an $80 million military grant to arm Taiwan against a potential Chinese invasion. It's part of a plan to wrong-step China's leaders and make them uncertain about how exactly the US would respond to Chinese attacks on Taiwan. "Those military packages are the Biden administration's efforts to build Taiwan's defense capabilities at a faster pace to match PLA [Chinese military] modernization efforts," said Kuo. Provoking ChinaSince the 1970s, the US has had a delicate diplomatic relationship with China, acknowledging the "One China" policy under which China claims ownership of Taiwan, yet also backing Taiwanese autonomy. "That could easily provoke exactly the Chinese attack on Taiwan that US policy aims to deter," he wrote.

Persons: Xi, —, Biden, Xi Jinping, HECTOR RETAMAL, Joe Biden, Graeme Thomson, Naiyu Kuo, Kuo, Thompson, Hugh White, Beijing's, Kavanagh Organizations: Taiwan, Service, Bloomberg, BBC, Communists, CNN, Getty Images, White, Eurasia Group, PLA, China, Strategic Studies, Australian National University, US Locations: China, Taiwan, Taiwan's, Taiwan Strait, China's, Fujian province, AFP, Washington ,, Beijing, Washington

☆ Day of the Dead is full of longstanding traditions meant to honor ancestors
▼ + stars: | 2023-11-01 | by ( Leah Asmelash | Nicole Chavez | ) edition.cnn.com time to read: +5 min

Día de los Muertos is a tribute to the afterlife, a day meant to honor those who have died and keep their memory alive. Unlike Halloween, which historically was a day to ward off evil spirits, Day of the Dead is more about paying respects to loved ones who have died. Just like in Mexico, Filipinos visit their loved ones’ graves and also create altars to those who have passed. Many people honor Day of the Dead by visiting the graves of dead relatives and loved ones. People come together to share stories of their loved ones — helping keep their memory alive.

Persons: CNN —, you’ve, papel, Coco ”, Día, Baron Samdi, Hector Retamal, José Guadalupe Posada, Pedro Pardo Organizations: CNN, Cite Soleil, Getty, Aztecs Locations: los, Mexico, calaveras, Día de los, America, Philippines, Haiti, Port, Prince, AFP, Americas, Spanish, de los, de los Muertos, Mexico City, Mexican

☆ Cui Chenxi: Teen skateboarder becomes China's youngest Asian Games gold medalist
▼ + stars: | 2023-09-27 | by ( Andrew Mcnicol | ) edition.cnn.com time to read: +4 min

CNN —Thirteen-year-old Cui Chenxi of China clinched gold in women’s skateboarding at the Asian Games on Wednesday, becoming the country’s youngest gold medalist as teenage girls continue to dominate the sport. The street event requires competitors to perform tricks on a track scattered with stairs, rails, ramps, benches and more. While the men’s sport tends to be dominated by athletes in their late teens or early twenties, women’s skateboarding has skewed increasingly younger. China's Cui Chenxi competes in the final of the women's street skateboarding event during the 2022 Asian Games in Hangzhou. Meanwhile in the street event, Momiji Nishiya became Japan’s youngest-ever Olympic champion at 13, while 13-year-old Rayssa Leal of Brazil finished second and 16-year-old Nakayama third.

Persons: Cui Chenxi, Cui, ” Cui, ”, Zeng Wenhui, Ito Miyu, Japan, Funa Nakayama, China's Cui Chenxi, Hector Retamal, ” Cui’s, Alegado, Margielyn Didal, Didal, I’m, Japan’s Hinano, Li Yujuan, Mao Jiasi, Li, Sakura Yosozumi, Kokona Hiraki, Brown, Momiji Nishiya, Rayssa Leal, Nakayama Organizations: CNN, Asian Games, Reuters, Roller Sports, Paris Olympics, Games, Olympic, Getty, Weibo, Japan’s, Brazil Locations: China, Shandong, Hangzhou, Jakarta, Indonesia, Lausanne, Tokyo, AFP, Philippines

☆ Chinese millennials are freaking out about the 'Curse of 35' — when they become too old for entry-level jobs, and too young and broke to retire
▼ + stars: | 2023-08-02 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +8 min

"You're too old to work at 35, but too young to retire at 60," one person wrote, bemoaning the "curse." It refers, specifically, to the typical Chinese employer's preference for hiring workers who haven't reached the sell-by date of their 35th birthday. And it's not just about finding work — Chinese workers being phased out at what was previously viewed as the prime of their careers means their livelihoods could be seriously affected. "At this point in time, youth unemployment is high, so many young workers are willing to work for less. Seah told Insider that increased competition for younger workers "will eventually drive up youth wages, making them relatively more expensive to hire."

Persons: haven't, Hector Retamal, Huang, Tania Lennon, Lennon, I, Kevin Frayer, workhorses, Kelvin Seah, Seah, aren't, National University of Singapore's Seah Organizations: Twitter, Service, Getty, Peterson Institute for International Economics, International Institute for Management Development, China Initiative, Bureau of Statistics, National University of Singapore, National Bureau of Statistics, Employers, National University of Singapore's Locations: China, Wall, Silicon, Weibo, Beijing, AFP, Quy Huy

☆ If Elon Musk understood anything about China, he'd know his attempt to make X a super app like WeChat is doomed to fail
▼ + stars: | 2023-07-31 | by ( Kwan Wei Kevin Tan | ) www.businessinsider.com time to read: +7 min

Elon Musk thinks turning X into an everything app like WeChat could make the company profitable. Elon Musk may be going all in with his plan to turn X into an everything app in the vein of China's WeChat. In fact, Musk gave us all some insight into what X might one day look like when he expressed his admiration for China's everything app, WeChat, last summer. We don't have anything like that outside of China," Musk continued. Even foreigners would be hard pressed to make their way around China without using the WeChat app to make simple purchases.

Persons: Elon, Musk, WeChat, HECTOR RETAMAL, he's, —, Feng Kaihua, Tencent, China's Didi Chuxing, doesn't Organizations: Morning, PayPal, Twitter, Getty Images, Facebook, Getty, Netflix, YouTube Locations: China, AFP, Xinhua

☆ China fails to release cremation data from late 2022 when its Covid-19 outbreak raged
▼ + stars: | 2023-06-16 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +5 min

A review of the past 10 years of ministry data shows the annual figure of cremations was consistently included in the fourth quarter data report – until now. China has faced criticism of its data transparency throughout the pandemic, including how it counts Covid-19 deaths. In January, a top WHO official accused China of “under-representing” the severity of its Covid outbreak, and repeated the agency’s critique of Beijing’s “narrow” definition of what constitutes a Covid death. At that time, Chinese health officials only listed those Covid patients who succumbed with respiratory failure and pneumonia as having died of Covid. It’s not clear if China plans to release the national data on cremations at a later date.

Persons: cremations, Yanzhong Huang, Covid, ” Huang, Hector Retamal, China’s, “, bode, It’s Organizations: Hong Kong CNN, China’s Ministry of Civil Affairs, Council, Foreign Relations, Ministry, Civil Affairs, CNN, Getty, WHO, Covid, World Health Organization Locations: Hong Kong, China, New York, Shanghai, AFP, Wuhan, Communist, “

☆ As China's intelligence capabilities grow, spying becomes an increasing flashpoint in ties with US
▼ + stars: | 2023-06-15 | by ( Simone Mccarthy | ) edition.cnn.com time to read: +12 min

They underscore how intelligence gathering – an activity meant to go on without detection, out of the public eye – is becoming an increasingly prominent flashpoint in the US-China relationship. That pushes intelligence gathering itself to become “another factor that is complicating US-China relations,” he said. That’s especially the case, experts say, as China continues to expand its own intelligence gathering capabilities – catching up in an area where the US has traditionally had an edge. Other arms of the Communist Party apparatus also play a role in activities beyond conventional intelligence gathering, experts say. Heightened concern and awareness about Chinese intelligence gathering – or the potential for it – has exploded in the US in recent years.

Persons: Antony Blinken, Blinken, Bill Burns, ”, Lyle Morris, Christopher Johnson, “, there’s, they’ve, Johnson, Xi Jinping, That’s, Xuezhi Guo, Guo, Xi, Hector Retamal, –, TikTok –, Edward Snowden, ’, Shou Zi Chew, Jabin, John Delury, John T, Downey, Delury Organizations: Hong Kong CNN, US, White House, CIA, CNN, Asia Society, Center for, Central Intelligence Agency, China, Group, U.S . Navy, AP, Guilford College, People’s Liberation Army, Ministry of State Security, Communist Party, Federal Bureau of Intelligence, The New York Times, Huawei, TikTok, Tiktok, US Justice Department, China Initiative, Center for Strategic, International Studies, National Security Agency, US Central Intelligence Agency, Washington, China ”, Energy, Commerce, Capitol, Washington Post, Subversion Locations: Hong Kong, United States, China, Beijing, American, Cuba, US, Center for China, South, Russia, AFP, Washington, USA, South China, Washington , DC

☆ Nio cuts prices for its cars — and delays business expansion plans
▼ + stars: | 2023-06-12 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +4 min

Tesla and other electric car companies in China had cut prices earlier this year in a bid to attract buyers. The analysts cut their rating on Nio shares to hold, from buy. Looking ahead, Nio said that it aimed to deliver at least 20,000 cars a month in the second half of the year. watch nowNomura analysts said they expected the car company can improve its deliveries with new models, like the ES6 SUV and ET5 touring sedan. Nio's cash and cash equivalents fell below $1 billion at the end of 2019.

Persons: William Li, Hector Retamal, Nio, William Li's, Tesla, Li, Nomura, Mizuho Organizations: HK, Afp, Getty, China Merchants Bank International, Monday, Nomura, State Council, EV, Mizuho Securities Locations: Shanghai, BEIJING, China, EU

☆ Chinese Authorities Question Bain Staff in Shanghai
▼ + stars: | 2023-04-27 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Bain & Co.’s presence in China includes offices in Shanghai, as well as Beijing and Hong Kong. Photo: hector retamal/Agence France-Presse/Getty ImagesHONG KONG—Authorities visited the Shanghai offices of Bain & Co. and questioned staff, the management-consulting firm said, becoming the latest foreign firm to be targeted in China where authorities have been increasing pressure on selected American and other Western businesses. The Boston-based company said Wednesday U.S. time that it was cooperating with authorities and declined to comment further. Shanghai police didn’t immediately respond to a request for comment on the reason for the visit, previously reported by the Financial Times, which also said police took away computers and phones.

☆ Bain’s Staff in Shanghai Questioned as China Targets Foreign Businesses
▼ + stars: | 2023-04-27 | by ( Dan Strumpf | ) www.wsj.com time to read: 1 min

Bain & Co.’s presence in China includes offices in Shanghai, as well as Beijing and Hong Kong. Photo: hector retamal/Agence France-Presse/Getty ImagesHONG KONG—Chinese authorities questioned Shanghai workers at consulting firm Bain & Co., underlining the mounting uncertainties facing foreign executives and businesses operating in China after a series of detentions and investigations. The Boston-based company said Wednesday U.S. time that it was cooperating with authorities and declined to comment further. Shanghai police didn’t immediately respond to a request for comment on the reason for the visit, earlier reported by the Financial Times, which also said police took away computers and phones.

☆ China's economic recovery is off to a slow start
▼ + stars: | 2023-02-15 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +3 min

Hector Retamal | Afp | Getty ImagesBEIJING — China's economic recovery is off to a modest start. Migrant workers have mostly returned to work after China's biggest holiday of the year, and children went back to school this week. It also remains to be seen how demand from China's growth picks up as businesses resume work and travel after the Lunar New Year holiday. Robin Xing, chief China economist at Morgan Stanley, pointed out that in-person meetings are particularly important for doing business in China, and that such interactions weren't easily feasible last year. Ting Lu chief China economist, Nomura

☆ Some Taliban fighters are sick of the 9 to 5 grind, complaining they've been sucked into urban life by working desk jobs to run Afghanistan
▼ + stars: | 2023-02-10 | by ( Matthew Loh | ) www.businessinsider.com time to read: +7 min

Five young Taliban fighters described how their lives are now consumed by work and Twitter. In this picture taken on November 23, 2021, Taliban fighters ride on bumper cars. Last year, it was tolerable but in the last few months, it's become more and more congested," he told Samim. Now, if we complain, or don't come to work, or disobey the rules, they cut our salary," he told Samim. Salam, along with several other Taliban fighters interviewed, felt the public had also stopped respecting them.

☆ Taiwan's remote islands are on the frontline with China — sometimes only a few hundred yards from Chinese troops
▼ + stars: | 2022-12-28 | by ( Benjamin Brimelow | ) www.businessinsider.com time to read: +10 min

Taiwan is roughly 100 miles from mainland China, but some Taiwanese islands are much closer. Taiwan's outlying islands would stand little chance against China, but they wouldn't be easy to take. While celebrated, this year's anniversary was also a reminder of Taiwan's islands' growing vulnerability to Chinese attack. Taiwan's islands are much easier to reach. Tourists watch a Chinese military helicopter fly over Pingtan Island, one of mainland China's closest points to Taiwan, on August 4.

☆ Hospital warns of ‘tragic battle’ as Covid spreads in China
▼ + stars: | 2022-12-22 | by ( ) www.nbcnews.com time to read: +4 min

A Shanghai hospital has told its staff to prepare for a “tragic battle” with Covid-19 as it expects half of the city’s 25 million people will get infected by the end of next week, while the virus sweeps through China largely unchecked. China reported no new Covid deaths for a second consecutive day for Wednesday, even as funeral parlour workers say demand for their services has increased sharply over the past week. Authorities — who have narrowed the criteria for Covid deaths, prompting criticism from many disease experts — confirmed 389,306 cases with symptoms. A Covid patient is wheeled on a stretcher at hospital in China's southwestern city of Chongqing on Thursday. Footage from a Beijing hospital on CCTV state television showed rows of elderly patients in the intensive care unit breathing through oxygen masks.

☆ China's reopening from Covid won't be a straight path forward
▼ + stars: | 2022-12-09 | by ( Evelyn Cheng | ) www.cnbc.com time to read: +5 min

Hector Retamal | Afp | Getty ImagesBEIJING — As mainland China relaxes many of its stringent Covid controls, analysts point out the country is far from a quick return to a pre-pandemic situation. Mainland China's daily Covid infections, mostly asymptomatic, surged to a record high above 40,000 in late November. Looking ahead, it's pretty clear that China's Covid policy is about to cross a turning point, said Bruce Pang, chief economist and head of research for Greater China at JLL. That means there may be a surge in Covid infections, and China's policy will never go back, Pang said. Goldman Sachs analysts expect China's reopening — defined as a shift away from lockdowns — to come in the second quarter of 2023, according to a separate report on Wednesday.

CNN —China’s vast security apparatus has moved swiftly to smother mass protests that swept the country, with police patrolling streets, checking cell phones and even calling some demonstrators to warn them against a repeat. While protests over local grievances do occur in China, the current wave of demonstrations is the most widespread since the Tiananmen Square pro-democracy movement of 1989. Some of the boldest protests took place in Shanghai, where crowds called for Xi’s removal two nights in a row. Police cars patrol Shanghai's Urumqi Road, which has been completely blocked off by tall barricades after a weekend of protests. Another Shanghai protester told CNN they were among “around 80 to 110” people detained by police on Saturday night, adding they were released 24 hours later.

☆ Here’s how China’s COVID lockdown protests are sparking unrest across markets and rattling the global investing landscape.
▼ + stars: | 2022-11-29 | by ( Phil Rosen | ) www.businessinsider.com time to read: +6 min

Today we're going over what the ongoing protests in China mean for markets and investors. While the protests in China have been largely peaceful, some protesters have been met with violence from the authorities. Anti-government protests have erupted from Shanghai to Beijing as citizens rise up in opposition of China's zero-COVID policies. "Markets don't like bad news, and protests are bad news," Laffer told me on a phone call yesterday. China protests over lockdown measures could mean inflation gets stuck at 4%, according to Mohamed El-Erian.

Asked about the protests on Monday, Foreign Ministry spokesperson Zhao Lijian said the Chinese government was adjusting its Covid measures based on the realities on the ground. “We believe that with the leadership of the Communist Party of China and the support of the Chinese people, our fight against Covid-19 will be successful,” he said at a regular news briefing. Zhao also addressed the detention of BBC journalist Ed Lawrence, who was arrested Sunday while covering the protests in Shanghai. The Communist Party “has a lot of experience accumulated over the years in dissipating social unrest,” she said. Most of the people who protested appeared to be from the Han ethnic group that dominates China.

☆ Asia markets set to fall amid unrest in China over Covid restrictions
▼ + stars: | 2022-11-28 | by ( Abigail Ng | ) www.cnbc.com time to read: 1 min

Police officers block off a street in Shanghai in the area where protests against China's zero-Covid policy took place the night before following a deadly fire in Urumqi, the capital of the Xinjiang region. (Photo by HECTOR RETAMAL/AFP via Getty Images)Asia-Pacific shares are set to trade lower on Monday amid unrest in China over its continued zero-Covid policy and a growing number of cases reported in the nation. That's slightly lower compared against the Nikkei 225's last close at 28,283.03. In Australia, the S&P/ASX 200 fell 0.39%, and the risk-sensitive Australian dollar weakened to $0.6718. Retail sales are also due out in Australia later Monday.

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