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A health worker holds a syringe and a vial of the Sinovac coronavirus disease (COVID-19) vaccine at a market in Bangkok, Thailand, March 17, 2021. REUTERS/Athit Perawongmetha/File PhotoBEIJING, Sept 7 (Reuters) - A Chinese study looking at mixing COVID-19 vaccines showed that receiving a booster shot of CanSino Biologics' vaccine after one or two doses of Sinovac Biotech's (SVA.O) vaccine yielded a much stronger antibody response than using the Sinovac shot as a booster. The study, among the first analyses in China combing different COVID-19 vaccines, comes as the country said it would use booster shots in specific groups amid concerns over vaccines' waning protection over time. By contrast, those who received a Sinovac booster shot showed a 15.2-fold increase in neutralizing antibody levels, researchers from local disease control authorities, CanSinoBIO and other Chinese institutions said in the paper. More than 1.4 billion doses of the Sinovac vaccine have been administered globally, about three quarters of them in China.
Persons: Athit, Roxanne Liu, Ryan Woo, Miyoung Kim, Susan Fenton Organizations: REUTERS, HK, COVID, Thomson Locations: Bangkok, Thailand, BEIJING, China, China . China
The legendary investor Ray Dalio, the founder of the world's largest hedge fund, warned last year that the world was underweight Chinese stocks and bonds. But China's crackdown on Big Tech is far from the most serious risk inherent in Chinese stocks. By shifting their status depending on where they're doing business, Chinese companies have essentially enjoyed the best of both worlds. Since February, the share of Chinese stocks in her flagship Ark Innovation ETF has plunged from a high of 8% to less than 1%. In the long run, she believes, Chinese stocks offer more risk than reward.
Persons: Goldman Sachs, JP Morgan Chase, Morgan Stanley, Ray Dalio, Charlie Munger, Warren Buffett's, Larry Fink, Didi, ByteDance, BRENDAN MCDERMID, Perth Tolle, Jack Ma, Tolle, We've, Soren Aandahl, they're, Sina, Anne Stevenson, Yang, Stevenson, Dan David, Luckin, Coffee, Son's, who've, Aandahl, There's, Cathie Wood, , Wood, Biden, Trump, Jason Hsu, Tiffany Hsiao Organizations: Financial Times, Citigroup, BlackRock, China Economic, Security, Commission, New York Stock Exchange, Financial, Big Tech, Orca, Cayman Islands that's, Sina Corp, Nasdaq, J Capital Research, Ministry of Post, Telecommunications, China Morning Post, China Securities Regulatory Commission, Wolfpack Research, Public Company, Thomson Reuters, Securities and Exchange Commission, Foreign Companies, Bloomberg, JPMorgan, ARK Invest, CSI China Internet, Advisors, Artisan China, Venture Locations: China, BlackRock, US, Reuters, Perth, Alibaba, Beijing, Washington —, Cayman Islands, British Virgin Islands, China . China, People's Republic of China, Washington, United States, Hong Kong, New York
The legendary investor Ray Dalio, the founder of the world's largest hedge fund, warned last year that the world was underweight Chinese stocks and bonds. But China's crackdown on Big Tech is far from the most serious risk inherent in Chinese stocks. The $2 trillion market for Chinese stocks is effectively a financial house of cards built on a shaky foundation of unaudited books and dubious shell companies. By shifting their status depending on where they're doing business, Chinese companies have essentially enjoyed the best of both worlds. In the long run, she believes, Chinese stocks offer more risk than reward.
Persons: Goldman Sachs, JP Morgan Chase, Morgan Stanley, Ray Dalio, Charlie Munger, Warren Buffett's, Larry Fink, Didi, ByteDance, BRENDAN MCDERMID, Perth Tolle, Jack Ma, Tolle, We've, Soren Aandahl, they're, Sina, Anne Stevenson, Yang, Stevenson, Dan David, Luckin, Coffee, Son's, who've, Aandahl, There's, Cathie Wood, , Wood, Biden, Trump, Jason Hsu, Tiffany Hsiao Organizations: Financial Times, Citigroup, BlackRock, China Economic, Security, Commission, New York Stock Exchange, Financial, Big Tech, Orca, Cayman Islands that's, Sina Corp, Nasdaq, J Capital Research, Ministry of Post, Telecommunications, China Morning Post, China Securities Regulatory Commission, Wolfpack Research, Public Company, Thomson Reuters, Securities and Exchange Commission, Foreign Companies, Bloomberg, JPMorgan, ARK Invest, CSI China Internet, Advisors, Artisan China, Venture Locations: China, BlackRock, US, Reuters, Perth, Alibaba, Beijing, Washington —, Cayman Islands, British Virgin Islands, China . China, People's Republic of China, Washington, United States, Hong Kong, New York
Xpeng just revealed the pricing for its P5 electric sedan, which starts at $24,670. One of Tesla's closest rivals in China has revealed the pricing for its new electric sedan – and it's undercutting Tesla's Model 3 by more than a third. Xpeng will sell six versions of its upcoming P5, priced between 160,000 yuan ($24,670) and 230,000 yuan ($38,550) after subsidies. The P5 pricing announcement from Xpeng comes as Elon Musk's electric vehicle giant Tesla struggles in China. While Tesla is struggling with its reputation in China, Xpeng is reporting record growth.
Persons: Xpeng, Tesla, Li Auto, Read, Elon Organizations: Tesla's Locations: China . China, Tesla's, China, Shanghai
HONG KONG, July 9 (Reuters) - Sweden's Ninjas in Pyjamas (NIP), one of the world's best-known esports teams, has merged with a Chinese counterpart to form a new entity which could be listed in the United States by year-end, two people with direct knowledge of the matter said. The merged entity, if it is listed on NASDAQ, would be the first publicly-traded electronic sports team in the United States, they said, adding that it projects combined revenue of more than 400 million yuan ($61.70 million) for 2021. China is the world's biggest gaming market, and home to some of the world's top video-games companies such as Tencent and NetEase (9999.HK). The country had 388 million esports viewers by the end of 2020, up 21.3% from a year earlier, according to Niko Partners, a video games consultancy. ($1 = 6.4831 Chinese yuan renminbi)Reporting by Pei Li; Editing by Emelia Sithole-MatariseOur Standards: The Thomson Reuters Trust Principles.
Persons: NIP, Stanley Ho's, Mario Ho, ESV5, Tom Clancy's, Niko, Pei Li, Emelia Sithole Organizations: Counter, Reuters, NASDAQ, FIFA, eStar, ESV5, Games, of Legends, HK, Niko Partners, Thomson Locations: HONG KONG, United States, Macau, China . China
SHANGHAI, June 4 (Reuters) - China’s financial hub Shanghai will hold a lottery over the weekend giving residents the chance to win electronic “red packets” worth nearly 20 million yuan ($3 million) combined, as the country accelerates its testing of the digital yuan. Shanghai’s announcement that it will distribute 350,000 red packets each containing 55 yuan worth of digital currency, or e-cny, comes days after Beijing unveiled plans for a similar campaign. Giving gifts of cash in small red envelopes known as “red packets” is common in China. The draw for the e-cny red packets will start on Saturday and end on Sunday, and anyone in Shanghai can apply to participate, the Shanghai government said in an announcement via its official Wechat account. Winners of the gifts can use the windfall cash from June 11 to June 20 in Shanghai and other cities running digital yuan trials such as neighbouring Suzhou, the city’s government said.
Persons: Samuel Shen, Andrew Galbraith, Hugh Lawson Organizations: People’s Bank of China Locations: SHANGHAI, Shanghai, Beijing, China . China, Shenzhen, Chengdu, Suzhou
The case stems from the Swedish government's decision last October to ban Huawei from supplying 5G equipment due to security concerns. An Ericsson spokeswoman confirmed that the company has been invited to participate in 5G tests in China. He had earlier criticized Sweden's ban on Huawei for restricting free competition. Nokia's home country, Finland, has not banned Huawei outright, although its parliament has passed a law that allows it to ban equipment for national security reasons. A Nokia spokesperson said the company has already completed the 5G tests in China.
Persons: Michele Tantussi, Börje Ekholm, Kenneth Fredriksen, Pekka Lundmark, EY Organizations: Huawei, IFA, REUTERS, Ericsson, Global Times, Communist Party, Central East, Nordic, Nokia, Reuters, Thomson Locations: Berlin, Germany, Sweden, China, Swedish, Washington, Beijing, Central East Europe, Nordic Region, Finland, China . China
The accident comes after a protest at the Shanghai Auto Show drew attention to Tesla safety concerns. Tesla said it is working with Chinese authorities to investigate a crash involving one of its cars in which a local policeman was killed, Bloomberg reported. Chinese authorities are still investigating another Tesla crash in the southern Chinese city of Shaoguan. The country's military also reportedly banned Tesla cars from its locations over privacy concerns related to the car's cameras. China represents an important market for Tesla car sales and the company's recent run of bad publicity has stunted interest in its vehicles.
Persons: Tesla, Elon Musk Organizations: Bloomberg, Shanghai Auto, Authorities, Shanghai Auto Show, Legal Affairs Commission, Street Journal, Tesla, Global Times, National Transportation, Shanghai, CNN Locations: China, Taizhou, Weibo, Shaoguan, Texas, Shanghai, China . China
China has become the world's biggest market for Cuban cigars, overtaking Spain. A box of hand-rolled Cuban cigars — considered the best in the world — can cost thousands of dollars. China has overtaken Spain to become the world's biggest market for pricey Cuban cigars, according to Habanos, Cuba's state-owned cigar company. In 2017, Habanos signed a deal with the China National Tobacco Corporation to promote Cuban cigars and boost sales in China. Each Habanos cigar goes through roughly 500 manual tasks in the process to go from seed to cigar.
Persons: , Leopoldo Cintra González, Habanos, Jose Maria Lopez, China's, Roberto Machado Noa, John F, Kennedy, Andy Ash Organizations: Spain, China's Xinhua News Agency, China National Tobacco Corporation, World Health Organization, Habanos S.A, Getty, Asia Pacific Locations: China, Spain, Habanos, Cuba's, Havana, China . China, Cuba, Cuban, Europe, Americas, Africa, East
Factbox: Foreign fashion retailers in China
  + stars: | 2021-03-25 | by ( Reuters Staff | ) www.reuters.com   time to read: +3 min
FILE PHOTO: Workers install a Nike logo lamp outside the Wukesong Arena in Beijing, China August 28, 2019. It sources from 477 suppliers managing 2,318 factories in China, its website said. China is H&M’s fourth-biggest market with sales of 9.75 billion Swedish crowns in the 12 months through November 2020. More than half its fabric mills and sewing factories are located in China, Fast Retailing’s website said. Fast Retailing has said no Uniqlo product was manufactured in the Xinjiang region and no production partners subcontracted to fabric or spinning mills in the region.
Persons: Wang Organizations: Reuters, Nike, Adidas, Arena, REUTERS, Better Cotton Initiative, BCI, Spanish, Nike Nike, Reebok, Retailing Locations: Xinjiang, Beijing, China, Zara, Asia, Beijing’s Wangfujing, Swedish, China . China, Bangladesh, Japan, China , Hong Kong, Taiwan
China and the European Commission appeared close to announcing a landmark agreement this week that would make it easier for their companies to invest in each other’s economies. Then it hit another snag: A tweet by a top aide to Joseph R. Biden Jr. signaled that the president-elect was not happy about the deal. The pact, nearly seven years in the making, remains a top priority of Chancellor Angela Merkel of Germany because it would give companies like Daimler and Volkswagen better control over their operations in China. Ms. Merkel and other leaders have been pressing to complete the deal before the end of the year, while Germany holds the rotating six-month presidency of the European Council. Last week they even circulated 126-page draft that was largely completed except for unresolved issues of wording.
Persons: Joseph R, Biden, Chancellor Angela Merkel of, Merkel Organizations: European Commission, Daimler, Volkswagen, European Council Locations: China, Chancellor Angela Merkel of Germany, China . China, Germany
Coastal areas of China depend on imported coal, including from Australia. China in turn has banned imports of Australian coal — leaving huge ships stranded at sea. “At the moment, some provinces temporarily do not have enough electricity. This is an objective fact,” one of the national government’s most powerful bodies, the entity that oversees state-owned companies, said on Sunday. On Dec. 4, officials in Hunan announced that monthly electricity demand had seen double-digit growth from the previous year and would soon exceed the grid’s capacity.
Persons: “ He’s, ” Philip Andrews, Mr, Xi Organizations: Speed, Energy Studies, National University of Singapore Locations: China, Australia, China . China, Hunan
AUSTRALIAIt has agreed to buy 135 million doses: 34 million from AstraZeneca, 40 million from Novavax Inc, 10 million from Pfizer and 51 million from CSL Ltd. It expects delivery of 3.8 million doses of AstraZeneca’s vaccine in January and February next year. It hopes to lock in 60 million doses in total and also is in talks with Pfizer and Sinovac. BANGLADESHBangladesh signed a deal with India’s Serum to buy 30 million doses of the AstraZeneca vaccine. It also expects to receive 68 million doses from GAVI at a subsidized rate, a senior health ministry official said.
Persons: Dado, Sputnik, Johnson Organizations: Reuters, Pfizer Inc, Moderna Inc, AstraZeneca Plc, REUTERS, AstraZeneca, Novavax Inc, Pfizer, CSL Ltd, Western, Shenzhen Kangtai Biological, Shanghai Fosun Pharmaceutical Group, Tibet Rhodiola Pharmaceutical, Johnson, Shionogi, Co, SOUTH, drugmakers, Serum Institute of India, Sputnik, Sinovac, India’s Locations: AUSTRALIA, CHINA China, China, Shenzhen, Shanghai, Tibet, China . China, JAPAN Japan, Japan, SOUTH KOREA, COVAX, India, TAIWAN Taiwan, PHILIPPINES, Philippines, INDONESIA, Indonesia, VIETNAM, BANGLADESH Bangladesh
REUTERS/Thomas PeterSHANGHAI (Reuters) - The head of the Tibetan government in exile has visited the U.S. White House for the first time in six decades, a move that could further infuriate Beijing, which has accused the United States of trying to destabilise the region. Lobsan Sangay, President of the Central Tibetan Administration (CTA), was invited to the White House to meet the newly appointed U.S. Special Coordinator for Tibetan Issues, Robert Destro, on Friday, the CTA said in a press release. Tibet has become one of the areas of dispute between the United States and China, with relations between the world’s two biggest economies at their lowest point in decades. U.S. Secretary of State Mike Pompeo accused Beijing in July of violating Tibetan human rights and said Washington supported “meaningful autonomy” for the region. Beijing officials have since accused the United States of using Tibet to try to promote “splittism” in China.
Persons: Thomas Peter SHANGHAI, Sangay, Robert Destro, , Mike Pompeo, Destro, Xi Jinping Organizations: Tibet Autonomous, REUTERS, . White, Central Tibetan Administration, Tibetan, CTA, U.S, Beijing, Washington Locations: Lhasa, Tibet, Tibet Autonomous Region, China, Beijing, United States, India’s Dharamshalah, China . China
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