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☆ Foreign investors have been dumping vast amounts of Chinese assets, and putting money there will only get riskier
▼ + stars: | 2023-06-08 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Foreign investors have been selling Chinese securities for the last two years, the Atlantic Council said. "Putting money in China is going to become riskier, and de-risking is only going to become more commonplace." Sign up for our newsletter to get the inside scoop on what traders are talking about — delivered daily to your inbox. Separate reports have also shown that foreign investors are selling Chinese stocks at a faster pace. Mark acknowledged Chinese efforts to bring back some overseas investment, but foreign capital flows are set to keep declining, especially with new US restrictions on the horizon.

Persons: Xi, —, Jeremy Mark, Mark, bode, Biden Organizations: Atlantic Council, Service, Geoeconomics, IMF Locations: China, New York, Hong Kong, India

☆ Brazenly defending a Chinese warship buzzing an American destroyer in the Taiwan Strait, China's new defense minister tells the US: 'Mind your own business'
▼ + stars: | 2023-06-04 | by ( David Rising | Associated Press | ) www.businessinsider.com time to read: +8 min

A Chinese warship overtook an American destroyer and sailed across its bow on Saturday. China's defense minister Gen. Li Shangfu said, "In China we always say, 'Mind your own business.'" Chinese Defense Minister Gen. Li Shangfu delivers his speech on the last day of the 20th International Institute for Strategic Studies (IISS) Shangri-La Dialogue, Asia's annual defense and security forum, in Singapore, Sunday, June 4, 2023. He accused the US and others of "meddling in China's internal affairs" by providing Taiwan with defense support and training, and conducting high-level diplomatic visits. The sanctions, which broadly prevent Li from doing business in the United States, do not prevent him from holding official talks, American defense officials have said.

Persons: Lloyd Austin, Li Shangfu, —, Vincent Thian Li, Li, Austin, Roslan Rahman, Li scoffed, Vincent Thian Organizations: US, Service, Privacy Policy SINGAPORE, Washington, Pacific Command, US Air Force, Chinese Defense, 20th International, for Strategic Studies, AP, Getty, Russia, US Defense Department Locations: American, China, Taiwan, Singapore, Taiwan Strait, South, Canadian, Beijing, Chinese, South China, Austin, East, Ukraine, Moscow, United States, — China

☆ 3 reasons why even China doesn't want the yuan to replace the dollar as the world's reserve currency
▼ + stars: | 2023-05-29 | by ( Huileng Tan | ) www.businessinsider.com time to read: +8 min

The Chinese yuan is one of the top contenders challenging the USD's dominance as a reserve currency. However, Beijing may not be fully supportive of making the yuan the reserve currency of choice. Here's why even China isn't that keen on de-dollarizing the world economy and making the yuan the top reserve currency. So, the US will need to contend with ever larger amounts of deficit, in order to maintain its pre-eminent reserve currency position. Given the issues standing in Beijing's way, it's unlikely for the yuan to take over the greenback's position as the world's reserve currency of choice, said Green.

LAUNCESTON, Australia, May 19 (Reuters) - Chinese refiners dipped into crude oil inventories in April for the first time in 18 months, as high processing rates exceeded the volume of crude available from both imports and domestic output. The volume of crude available to refiners from imports and domestic output in April was 59.71 million tonnes, equivalent to 14.53 million bpd. For April, the total amount of crude available was 340,000 bpd below the volume processed by refiners, the first time since November 2021 that refiners have drawn on inventories. CRUDE IMPORTS RECOVEROn the crude import side the picture is more interesting, with April arrivals the lowest since January at 10.3 million bpd. For May, it seems likely that imports will recover, with Refinitiv Oil Research estimating arrivals of 11.83 million bpd, a jump of 1.53 million bpd from April's soft outcome.

☆ China doesn't really care who wins the war in Ukraine — it just wants to win the peace, analysts say
▼ + stars: | 2023-05-15 | by ( Holly Ellyatt | ) www.cnbc.com time to read: +9 min

There's little doubt that China wants the war between Russia and Ukraine to end, and soon. Political analysts and China watchers note that, ultimately, Beijing doesn't really care who "wins" the war — or what form a peace deal takes. Ukraine's President Volodymyr Zelenskyy speaks with Chinese President Xi Jinping via phone line, in Kyiv on April 26, 2023. Russian President Vladimir Putin and China's President Xi Jinping shake hands during a signing ceremony following their talks at the Kremlin in Moscow on March 21, 2023. Any peace will be hard-wonNo-one is underestimating the challenges any would-be peace broker has before them.

"Since Xi Jinping took power in 2012, China has expanded the legal landscape for exit bans and increasingly used them, sometimes outside legal justification," the Safeguard Defenders report reads. Attention on the exit bans comes as China-U.S. tensions have risen over trade and security disputes. The Reuters analysis of records on exit bans, from China's Supreme Court database, shows an eight-fold increase in cases mentioning bans between 2016 and 2022. Most of the cases in the database referring to exit bans are civil, not criminal. Some activists say the wider use of exit bans reflects tighter security measures under President Xi.

☆ The debate over banning TikTok has been poisoned by anti-Asian rhetoric
▼ + stars: | 2023-04-27 | by ( Paayal Zaveri | ) www.businessinsider.com time to read: +11 min

The TikTok CEO's testimony to Congress in March highlighted the anti-Asian rhetoric around the app. And second: The discourse around those issues, particularly talk of banning the app entirely in the US, has been poisoned by a surge in anti-Asian rhetoric, making it difficult to have a national conversation around TikTok in good faith. But what set the hearing with TikTok's CEO apart was the tone and personal nature of the questions, Asian American and Pacific Islander advocacy groups said. That paints a target on the back of Asian Americans, Chinese nationals living in the US, and, by extension, all other Asian populations, advocacy experts said. The rhetoric has consequences for Asian Americans and Pacific Islanders and the US economyAll this has implications for the Asian Americans and Pacific Islanders in the US and the global Asian diaspora.

☆ China doesn't want American cars anymore — that's bad news for Ford and GM
▼ + stars: | 2023-04-22 | by ( Alexa St. John | Nora Naughton | ) www.businessinsider.com time to read: +4 min

American car companies' sales in China have been on a steady decline. "The market has totally changed," Ford CEO Jim Farley said about ChinaWithout China, American car companies will likely lean into US electric vehicle sales. Some of this can be attributed to Chinese car companies' ability to build better and cheaper cars, especially EVs, that consumers are keen to buy. Car companies will double down on US buyers and EVsAs the industry bounced back from the Great Recession, and China became the fastest-growing (and EV friendly) car market in the world, American car companies rushed to enter the market. The China vs America face-off is at a stalemate – for nowWhile American companies lose ground in China, there is a bright spot.

Crude imports in March were 12.37 million bpd, while domestic output was 4.30 million bpd, giving a combined total of 16.67 million bpd. Subtracting the refinery throughput leaves 1.56 million bpd that likely flowed into either commercial or strategic inventories. The question for the oil market is what does it all mean for the outlook for crude oil demand in China? There is nothing inherently wrong with OPEC+'s forecast for global oil demand growth of 2.32 million bpd in 2023, or the 2 million bpd forecast from the International Energy Agency. By building stockpiles now, they can reduce crude imports later in the year if they deem prices to be too high.

This brings the total pledged output cuts by the group to around 3.66 million bpd, around 3.7% of global demand, and these are expected to remain in place until the end of the year. Saudi Arabia, the world's leading oil exporter, said the additional reduction is precautionary and aimed at achieving stability in the global oil market. Contained within the decision to cut output is the tacit admission that the demand side of the crude equation may not be as bullish as had been forecast by virtually every major energy body and the analyst community. Most likely it would have been well below the $79.77 a barrel it ended at on March 31, which was the closing price before Sunday's shock move to further cut output. China has also been accumulating more oil than it is consuming, despite rising domestic demand and refinery processing rates.

LAUNCESTON, Australia, March 28 (Reuters) - China's crude oil imports will average 10.8 million barrels per day (bpd) in 2023, matching the previous record high from 2020, according to the think tank of the country's leading energy group. What is interesting with the ETRI forecasts is that they would seem to show that China's refiners are still expecting to add crude oil to stockpiles over 2023. This is some 370,000 bpd more than the ETRI forecast for refinery throughput of 14.66 million bpd. China's crude oil imports seen rebounding to new high in 2023NEW REFINERIESIt's likely that some of the oil heading for storage will go to build working inventories for new plants expected to be commissioned this year. Flows in, or indeed out of, either commercial or strategic reserves are the biggest X-factor for China's crude oil imports.

☆ China doesn't want Russia to 'go down in flames' in Ukraine because they need Putin to 'foil' US power, White House official says
▼ + stars: | 2023-03-21 | by ( Chris Panella | ) www.businessinsider.com time to read: +2 min

China doesn't want Russia to "go down in flames" in Ukraine, a White House official told MSNBC. John Kirby said China needs Putin to help "push back" against US leadership and power. Xi visited Putin this week in Moscow, with both parties praising each other as a "dear friend." They would like to see this war end, too," John Kirby, coordinator for strategic communications for the National Security Council in the White House, told MSNBC. Russian media said Xi and Putin warmly praised each other as a "dear friend," Reuters said.

SYDNEY, March 20 (Reuters) - China still added more crude oil to inventories in the first two months of the year, despite lower imports and higher refinery processing rates. About 270,000 barrels per day (bpd) of crude was added to commercial or strategic inventories over January and February, according to calculations based on official data. This was down from the 1.19 million bpd in December and the 740,000 bpd for 2022 as a whole. The total volume of crude available from imports and domestic production in the first two months of the year was 14.63 million bpd, consisting of imports of 10.4 million bpd and local output of 4.23 million bpd. This equates to about 1.72 million bpd of exports, using the BP conversion factor of 8 barrels of product per tonne.

The Biden administration and CFIUS are pushing for a sale of TikTok in the US. The Chinese government could also block a TikTok sale outright before bidding kicks off. But the list of companies that would actually consider buying TikTok is small, experts told Insider. "I think Microsoft would be one of the only big money, big company possibilities." Ultimately, separating TikTok's US operations, whether in a sale to a big tech firm or a spin off, is complicated.

☆ China doesn't play the long game when it comes to Indo-Pacific strategy
▼ + stars: | 2023-03-15 | by ( Ted Kemp | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina doesn't play the long game when it comes to Indo-Pacific strategyCNBC's Ted Kemp discusses China's objections to the AUKUS naval partnership between Australia, the UK and the United States

☆ China doesn't want Russia to lose in Ukraine. But Beijing's endgame is murky.
▼ + stars: | 2023-03-04 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +6 min

China is becoming more involved in the Ukraine war, raising alarm in the West. As the West warns China could send weapons, experts are torn over Beijing's goals and endgame. But they agree that China does not want to see Russia lose, despite its claim of neutrality. China wants to see the war "prolonged without Russia being humiliated," June Teufel Dreyer, a China expert at the University of Miami, told Insider. A man watches a news broadcast showing military operations near Taiwan by the Chinese People's Liberation Army's (PLA), in Beijing, China, on August 3, 2022.

☆ NATO and EU react reservedly to Chinese ceasefire proposal for Ukraine
▼ + stars: | 2023-02-24 | by ( ) www.reuters.com time to read: +1 min

[1/2] NATO Secretary General Jens Stoltenberg attends a news conference during a NATO defence ministers' meeting at the Alliance's headquarters in Brussels, Belgium February 15, 2023. REUTERS/Johanna Geron/File PhotoTALLINN, Feb 24 (Reuters) - NATO Secretary-General Jens Stoltenberg on Friday reacted reservedly to a Chinese proposal for a ceasefire in Ukraine, saying Beijing did not have a lot of credibility as a mediator. European Commission President Ursula von der Leyen said China had not shared a peace plan but some principles. "So we will look at the principles, of course, but we will look at them against the backdrop that China has taken sides," she added. Reporting by Bart Meijer and Reuters TV, writing by Sabine SieboldOur Standards: The Thomson Reuters Trust Principles.

SYDNEY/HONG KONG, Feb 20 (Reuters) - New rules laying out how Chinese companies can list outside mainland China will often mean getting a nod from several domestic government agencies, potentially making for a lengthy approval process, investment bankers say. On one hand, the rules provide clarity after a regulatory crackdown by Beijing since mid-2021 that has slowed U.S. listings by Chinese firms to a trickle. Those hoops, combined with U.S.-Sino tensions over a multitude of issues from suspected spy balloons to trade friction, means a rush of Chinese firms seeking initial public offerings in New York is unlikely. Last year, U.S. listings of Chinese firms were worth less than $230 million, according to Refinitiv data, a massive drop from $12.9 billion in 2021. "I don't think an overseas listing for the start-up would get the Chinese regulatory nod due to data security.

☆ China doesn't care about your privacy, says ZeroFox CEO James Foster
▼ + stars: | 2023-02-17 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailChina doesn't care about your privacy, says ZeroFox CEO James FosterJames Foster, CEO of cybersecurity firm ZeroFox, joins Morgan Brennan and the ‘CNBC Special: Taking Stock’ to discuss Chinese social media app TikTok and whether it poses a security threat.

☆ China weighs in on the war in Ukraine, pushing Europe to stop trying to get Kyiv a 'complete victory' over Russia
▼ + stars: | 2023-02-08 | by ( John Haltiwanger | ) www.businessinsider.com time to read: +4 min

China warned the West against pushing for Ukraine's "complete victory" over Russia. "We are quite concerned about people talking about winning a complete victory on the battlefield," Fu went on to say. China has not condemned the war, but it also hasn't offered clear or full-throated support for Russia. The West has warned China against providing material support to Russia as the fighting in Ukraine rages on. His comments on the war in Ukraine came as Kyiv continues to push for more advanced weapons from Western countries.

☆ 'The worst is over': Tech investors are bullish on investing in China again
▼ + stars: | 2023-02-07 | by ( Sheila Chiang | ) www.cnbc.com time to read: +5 min

Liu Ranyang | China News Service | Getty ImagesTech investors say the worst is over as China reopens and exits its zero-Covid policy. The firm raised nearly $500 million for a new China tech fund set to close by early this year — more than earlier plans for $400 million. Tech companies see government supportInvestors are not worried of new challenges on the regulatory front. Gobi's Tang said, "I do think that they're going to do everything they can to try to spur the economic growth. "There's still a lot to catch up [in semiconductor tech] for China.

☆ Ron Insana says even with the big jobs report, there are signs of disinflation
▼ + stars: | 2023-02-03 | by ( Ron Insana | ) www.cnbc.com time to read: +4 min

Federal Reserve Board Chairman Jerome Powell speaks during a news conference following the announcement that the Federal Reserve raised interest rates by half a percentage point, at the Federal Reserve Building in Washington, U.S., December 14, 2022. Wage inflation, of course. Economists can complain about wage inflation all they want, but a 4.4% annual gain, now decelerating, is not the bogeyman they claim it to be. The Fed's reliance on the so-called "Phillips curve," which links low unemployment to rising inflation, is an archaic construct. Lower unemployment today is hardly leading to runaway wage inflation.

☆ NATO chief stresses importance of Indo-Pacific partners amid security tensions
▼ + stars: | 2023-02-01 | by ( Sakura Murakami | ) www.reuters.com time to read: +2 min

TOKYO, Feb 1 (Reuters) - NATO Secretary-General Jens Stoltenberg on Wednesday stressed the importance of NATO's working closely with partners in the Indo-Pacific, saying Europe could not ignore what happens in East Asia because the global security is interconnected. "The war in Ukraine demonstrates how security is interconnected. It demonstrates that what happens in Europe has a consequence for East Asia, and what happens in East Asia matters to Europe," he said, adding that "the idea China doesn't matter for NATO doesn't work." Before his stop in Japan, Stoltenberg visited South Korea and urged Seoul to increase military support to Ukraine, giving similar warnings about rising tensions with China. Russia, which calls its invasion of Ukraine a "special operation", has repeatedly cast NATO's expansion as a threat to its security.

☆ India's 'way too big' and exciting for investors to ignore, says asset management firm
▼ + stars: | 2023-01-31 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailIndia's 'way too big' and exciting for investors to ignore, says asset management firmTariq Dennison of GFM Asset Management says India has many advantages that China doesn't, but the biggest risk factor is that investors are too optimistic about its growth.

☆ China doesn't need to sell a single car in the US to dominate the American electric car market
▼ + stars: | 2023-01-26 | by ( Alexa St. John | ) www.businessinsider.com time to read: +4 min

Chinese carmakers have a massive, domestic EV battery supply chain to lean on. That's a huge advantage for those companies in the global market. And given the number of Chinese buyers, those sales made up about two-thirds of the global EV market. EV companies like Geely, Xpeng, Li Auto, NIO, and more are gaining traction. Even if others catch up, China will continue to dominate global EV sales this year, according to GlobalData.

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