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☆ China tells U.S. to stop containment and suppression against it
▼ + stars: | 2022-10-31 | by ( ) www.reuters.com time to read: 1 min

BEIJING, Oct 31 (Reuters) - Chinese Foreign Minister Wang Yi told his U.S. counterpart that the United States should stop the practice of containment and suppression against China and not create new obstacles to the relationship between the two countries, its foreign ministry said in a statement on Monday. Wang also said in a Monday phone call with U.S. Secretary of State Antony Blinken that export controls that Washington imposed on China severely damaged its legitimate rights and must be rectified. Reporting by Albee Zhang and Tony Munroe; Editing by Kim CoghillOur Standards: The Thomson Reuters Trust Principles.

☆ China's Xi says willing to work with United States for mutual benefit
▼ + stars: | 2022-10-27 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 27 (Reuters) - President Xi Jinping said China is willing to work with the United States to find ways to get along to the benefit of both, state broadcaster CCTV reported on Thursday. As major powers, China and the United States should strengthen communication and cooperation to help provide stability to the world, Xi said in a message to an event of the National Committee on U.S.-China Relations on Wednesday. The two countries have been at odds over China's policy towards Taiwan, China's relationship with Russia and more recently, U.S. efforts to prevent its semiconductor companies selling technology to Chinese companies. China said the United States was sending "dangerous signals" on the self-ruled island, which China claims as its own. read moreU.S. President Joe Biden on Wednesday said "the United State does not seek conflict with China."

☆ China reports 998 new COVID cases on Oct 22 vs 1,006 a day earlier
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 23 (Reuters) - China reported 998 new COVID-19 infections on Oct. 22, of which 207 were symptomatic and 791 were asymptomatic, the National Health Commission said on Sunday. That compared with 1,006 new cases a day earlier – 215 symptomatic and 791 asymptomatic infections, which China counts separately. Register now for FREE unlimited access to Reuters.com RegisterChina's capital Beijing reported seven symptomatic cases and one asymptomatic case, compared with 18 symptomatic and one asymptomatic cases the previous day, local government data showed. Financial hub Shanghai reported no symptomatic and 12 asymptomatic cases, compared with no symptomatic and 16 asymptomatic cases a day before, the local health authority reported. The southern technology hub of Shenzhen reported 11 new locally transmitted COVID infections, compared with 10 infections the day before.

☆ Factbox: China's new elite Communist Party leadership
▼ + stars: | 2022-10-23 | by ( ) www.reuters.com time to read: +1 min

BEIJING, Oct 23 (Reuters) - China's Xi Jinping on Sunday secured a third term as leader of the Communist Party and unveiled a new seven-member Politburo Standing Committee, which he heads, that will determine the path of the country's development in the next five years. Below are the personnel elected on Sunday by the Central Committee, the biggest of the party's top decision-making bodies, to the pinnacle of China's political power. General Secretary of the Central Committee:Register now for FREE unlimited access to Reuters.com RegisterXi JinpingStanding Committee of the Political Bureau, or Politburo, of the Central Committee (seven members):Xi Jinping, 69; Li Qiang, 63; Zhao Leji, 65; Wang Huning, 67; Cai Qi, 66; Ding Xuexiang, 60; Li Xi, 66Politburo of the Central Committee (24 members):Ding Xuexiang, Xi Jinping, Ma Xingrui, Wang Yi, Wang Huning, Yin Li, Shi Taifeng, Liu Guozhong, Li Xi, Li Qiang, Li Ganjie, Li Shulei, Li Hongzhong, He Weidong, He Lifeng, Zhang Youxia, Zhang Guoqing, Chen Wenqing, Chen Jining, Chen Miner, Zhao Leji, Yuan Jiajun, Huang Kunming, Cai QiCentral Military Commission Chairman:Xi JinpingCentral Commission for Discipline Inspection Secretary:Li XiRegister now for FREE unlimited access to Reuters.com RegisterReporting by Albee Zhang and Ryan Woo; Editing by William MallardOur Standards: The Thomson Reuters Trust Principles.

☆ COVID-hit Shanghai unveils $257 billion in projects in infrastructure push
▼ + stars: | 2022-09-20 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Aly SongBEIJING, Sept 20 (Reuters) - China's commercial hub of Shanghai on Tuesday announced eight infrastructure projects with total investment of 1.8 trillion yuan ($257 billion), after the city was hit hard by COVID-19 lockdowns in April and May. In the first eight months of the year, Shanghai's infrastructure investment fell 27.4% versus an 8.3% gain nationwide, data from local statistics bureaus showed on Monday. The cabinet told local governments to complete selling more than 500 billion yuan in special bonds by the end of October under carryover quotas from 2019. Such bonds, on top of the annual quota of 3.65 trillion yuan, will help to fund infrastructure projects. "China's infrastructure investment will in the coming years bolster its slowing economy," Moody's analysts wrote in a recent note.

China's 'zero-COVID' policy – including stringent lockdowns, travel restrictions and mass testing - has taken a heavy toll on the country's economy. The government's crackdown on big technology companies has also had an outsized effect on the young workforce. Chinese households overall added 10.8 trillion yuan ($1.54 trillion) in new bank savings in the first eight months of the year, up from 6.4 trillion yuan in the same period last year. China is the only leading economy that cut interest rates this year, in an effort to spur growth. Fu said she switched her makeup powder brand from Givenchy to a Chinese brand called Florasis, which is about 60% cheaper.

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