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But other potential Chinese investors were less sure. Most investors had decided to head home ahead of Chinese New Year, said Yu. GUNFIRE, PANICNews of the hotel attack spread fast to the investors running China Town - a cluster of 10-storey blocks about 20 minutes drive away, overlooked by snow-topped mountains. After security forces secured the hotel, Yu got through to some of the guests by phone. In all, about 35 Chinese investors were in the hotel, he said - about a third of the number he estimated were in Afghanistan at the time.

☆ Saudi Arabia Hosts China's Xi Jinping in Apparent Snub to White House
▼ + stars: | 2022-12-08 | by ( Tom Porter | ) www.businessinsider.com time to read: +5 min

Saudi Arabia is hosting China's President Xi Jinping at a lavish summit this week. This comes in the wake of a series of diplomatic spats between Saudi Arabia and the US. On Sunday, Saudi Arabia announced that it would be keeping the production cuts in place, but the country has also made diplomatic moves seemingly designed to placate the US. Saudi Arabia is China's main oil supplier, and this is an issue likely to feature prominently at the summit. Though Crown Prince Mohammed is seeking to steer a foreign policy less dependent on Washington, DC, it's unlikely either nation will want to significantly loosen ties any time soon, analysts say.

☆ Jim Cramer's Investing Club meeting Monday: Trimming oil, Starbucks, Eli Lilly
▼ + stars: | 2022-12-05 | by ( Krystal Hur | ) www.cnbc.com time to read: +2 min

Every weekday the CNBC Investing Club with Jim Cramer holds a "Morning Meeting" livestream at 10:20 a.m. Trimming HAL SBUX downgrade LLY opportunity? As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade. THE ABOVE INVESTING CLUB INFORMATION IS SUBJECT TO OUR TERMS AND CONDITIONS AND PRIVACY POLICY , TOGETHER WITH OUR DISCLAIMER . NO FIDUCIARY OBLIGATION OR DUTY EXISTS, OR IS CREATED, BY VIRTUE OF YOUR RECEIPT OF ANY INFORMATION PROVIDED IN CONNECTION WITH THE INVESTING CLUB.

☆ Beijing, Shenzhen loosen more COVID curbs as China fine-tunes policy
▼ + stars: | 2022-12-03 | by ( Brenda Goh | ) www.reuters.com time to read: +5 min

The southern city of Shenzhen announced it would no longer require people to show a negative COVID test result to use public transport or enter parks, following similar moves by Chengdu and Tianjin. A video showing workers in Beijing removing a testing booth by crane on to a truck went viral on Chinese social media on Friday. CHINA OUTLIERThree years into the pandemic, China has been a global outlier with its zero-tolerance approach towards COVID that has seen it enforce lockdowns and frequent virus testing. China reported 32,827 new local COVID-19 infections for Dec. 2, down from 34,772 a day earlier. As of Friday, China reported 5,233 COVID-related deaths and 331,952 cases with symptoms.

☆ Chinese Protests Put Xi Jinping in a Bind
▼ + stars: | 2022-11-28 | by ( Lingling Wei | ) www.wsj.com time to read: 1 min

President Xi Jinping faces a difficult choice between loosening China’s zero-tolerance Covid-19 policy or doubling down on restrictions that have locked down neighborhoods and stifled the country’s economy over the past three years. Neither option is a good one for a regime focused on stability. Stock markets around the globe declined Monday as protests in China fueled worries among investors about the outlook for the world’s second-largest economy.

OTTAWA, Nov 27 (Reuters) - Canada launched a new Indo-Pacific strategy on Sunday, vowing more resources to deal with a "disruptive" China while working with the world's second-biggest economy on climate change and trade issues. But the focus is on China, at a time when bilateral ties are frosty. "China is an increasingly disruptive global power," said the strategy. Canada belongs to the Group of Seven major industrialized nations, which wants significant measures in response to North Korean missile launches. Official data for September show bilateral trade with China accounted for under 7% of the total, compared to 68% for the United States.

"Most members strongly condemned the war in Ukraine and stressed it is causing immense human suffering and exacerbating existing fragilities in the global economy," the draft said, suggesting that Russia had opposed the language. "There were other views and different assessments of the situation and sanctions," said the draft declaration, which was confirmed by a European diplomat. "Recognising that the G20 is not the forum to resolve security issues, we acknowledge that security issues can have significant consequences for the global economy," the draft declaration said. Fiscal stimulus measures should be "temporary and targeted" to cushion the blow of rising commodity costs for the most vulnerable, to avoid adding to inflationary pressures, the draft declaration said. Wrangling over how to describe the war in Ukraine has prevented G20 ministers earlier this year from issuing a joint communique.

☆ The trade issues at stake for US and China economies at Indonesia meeting
▼ + stars: | 2022-11-14 | by ( Juliana Liu | ) edition.cnn.com time to read: +7 min

Frustrated by China’s huge trade surplus and accusing it of stealing US intellectual property, former President Donald Trump slapped tariffs on $50 billion of Chinese goods in June 2018. China, with its nearly $18 trillion economy, has in recent years been the main driver of global growth. China responded by slapping tariffs of its own on iconic American products like Harley-Davidson and Jack Daniel’s. Tech curbsBekink said she did not expect any dramatic shifts in trade flows to emerge as a result of the Biden-Xi meeting. US imports of semiconductors from China are 26% lower than before the imposition of 25% tariffs, according to Peterson.

Nov 13 (Reuters) - U.S. President Joe Biden will meet Chinese leader Xi Jinping in person on Monday for the first time since taking office, with U.S. concerns over Taiwan, Russia's war in Ukraine and North Korea's nuclear ambitions on top of his agenda. Biden and Xi, who have held five phone or video calls since Biden became president in January 2021, last met in person during the Obama administration. Xi's government has also criticized the Biden administration's posture toward Taiwan as undermining China's sovereignty and territorial integrity. Biden will also discuss Moscow's invasion of Ukraine and plans to be "unapologetic" in his defence of Ukraine, U.S. officials said last week. Biden will also warn Xi that North Korea's continued pursuit of weapons development will lead to an enhanced U.S. military presence in the region, the White House said.

☆ Russia's Lavrov says West seeking to militarise southeast Asia
▼ + stars: | 2022-11-13 | by ( ) www.reuters.com time to read: +2 min

Nov 13 (Reuters) - Russian Foreign Minister Sergei Lavrov on Sunday said the West was "militarising" southeast Asia in a bid to contain Russian and Chinese interests, setting the stage for a confrontation between Russia and Western leaders at the G20 summit in Bali. Lavrov will head Russia's delegation to the summit - the first such meeting since Moscow invaded Ukraine in February - after the Kremlin said President Vladimir Putin was too busy to attend. "The United States and its NATO allies are trying to master this space," Lavrov told reporters. Putin portrays Russia and China as the leaders of a global rebellion against the post-Soviet global dominance of the United States and the West. The United States casts China and Russia as the two main global threats.

☆ Biden wants to discuss Taiwan, Russia and trade with China’s Xi
▼ + stars: | 2022-11-10 | by ( The Associated Press | ) www.nbcnews.com time to read: +5 min

WASHINGTON — President Joe Biden said Wednesday he plans at an anticipated meeting with Chinese President Xi Jinping to discuss growing tensions between Washington and Beijing over the self-ruled island of Taiwan, trade policies and Beijing’s relationship with Russia. Biden told reporters at a White House news conference that he had much to discuss with Xi as U.S.-Chinese relations have grown more fraught in recent months. The White House and Defense Secretary Lloyd Austin were quick to clarify that there was no change in U.S. policy. Chinese President Xi Jinping inspects a joint operations command center at an undisclosed location on Tuesday. Li Gang / Xinhua via APAs president, Biden has repeatedly accused China of human rights abuses of the Uyghur people and other ethnic minorities.

☆ Nvidia's new chip to address U.S. export rules to China should help blunt lost sales risk
▼ + stars: | 2022-11-08 | by ( Zev Fima | ) www.cnbc.com time to read: +5 min

We view the news as a step in the right direction toward mitigating lost sales in China. Lost revenue risk At the time when the new rules became known, Nvidia said it expected that as much as $400 million in sales in China were at risk in its fiscal third quarter. Though of course, future quarters could also be impacted as China has historically been a big market for the company. The last time it was a new crypto mining chip aimed at addressing a video gaming chip shortage. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Easing Hong Kong's COVID curbs, opening China border top bankers' wish list -HKMA chief
▼ + stars: | 2022-11-07 | by ( Anne Marie Roantree | ) www.reuters.com time to read: +3 min

[1/5] Eddie Yue Wai-man, Chief Executive of the Hong Kong Monetary Authority (HKMA) poses for a picture during an interview with Reuters in Hong Kong, China November 4, 2022. Anti-government protests in 2019 and a national security law imposed by Beijing in 2020 have also clouded Hong Kong's image. The Hong Kong government has said it's working towards lifting COVID-19 rules. While Hong Kong's currency regime is under significant pressure, caught between the United States and China, Yue said the HKMA was prepared for worst-case scenario. "Hong Kong has a very unique advantage, which is the connection between the world and China ...

☆ China says U.S. must 'take responsibility' for breakdown in climate ties
▼ + stars: | 2022-11-04 | by ( ) www.reuters.com time to read: +2 min

SHANGHAI, Nov 4 (Reuters) - Climate change diplomacy between China and the United States cannot be separated from broader political tensions between the two sides, and Washington must take responsibility for the breakdown in talks, China's foreign ministry said. "China and the United States previously developed good cooperation in the area of climate change, working together to get the Paris Agreement reached and brought into effect," a foreign ministry spokesperson said in a statement late on Thursday. "At the same time, China-U.S. climate cooperation cannot be separated from the broad climate of bilateral ties," the spokesperson added, noting that Pelosi's "serious breach of Chinese sovereignty" in Taiwan had left China with no choice but to suspend the talks. "The United States side must take responsibility for this." China has not suspended cooperation with other countries, and would continue to support the multilateral climate negotiation process, the spokesperson said, adding that China was "willing to communicate and coordinate with all parties" to ensure COP27 was successful.

☆ Wall St closes sharply higher on hopes of abating Fed
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

Among the 11 major sectors in the S&P 500, nine closed green, with healthcare (.SPXHC) enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. Results from a slew of heavy-hitting tech and tech-adjacent companies are likely to dominate the earnings chatter this week. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 73 new highs and 331 new lows.

☆ Wall St rises as data hints at Fed policy progress
▼ + stars: | 2022-10-24 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

All three major U.S. stock indexes were higher at the top of a week jam-packed with high profile corporate earnings and crucial economic data. Among the 11 major sectors in the S&P 500, healthcare (.SPXHC) was enjoying the largest percentage gain. So far, nearly one-fifth of the companies in the S&P 500 have reported. Analysts expect S&P 500 earnings growth of 3.0%, on aggregate, down from 4.5% at the beginning of the month, per Refinitiv. The S&P 500 posted 21 new 52-week highs and 4 new lows; the Nasdaq Composite recorded 58 new highs and 297 new lows.

☆ Analysis: Xi's next premier faces tough task reviving Chinese economy
▼ + stars: | 2022-10-24 | by ( Kevin Yao | ) www.reuters.com time to read: +4 min

China's economic tsar, Liu He, a U.S.-trained economist who is seen as the brains behind earlier reforms, will be replaced by He Lifeng, another Xi acolyte. "We face the problem of weakening expectations and confidence and it's empty talk if we cannot revitalise the economy," Jia said. China's economic miracle started in 1978 when Deng Xiaoping kicked off historic reforms, allowing more private enterprises and opening the economy to foreign investment. The poll showed China's growth could pick up to 5.0% in 2023, helped by a lower base. Xi's Standing Committee choices disappointed investors who had been hoping he would keep some reform-minded officials, including former Guangdong party boss Wang Yang.

☆ BreakingViews: Xi’s contract with China needs more signatures
▼ + stars: | 2022-10-23 | by ( Pete Sweeney | Thomson Reuters | Asia Economics Editor Pete Sweeney Joined Reuters Breakingviews In Hong Kong In September Previously He Served As Reuters' Chief Correspondent For China Economy | ) www.reuters.com time to read: +4 min

HONG KONG, Oct 23 (Reuters Breakingviews) - Xi Jinping has effectively secured a third presidential term at the just-concluded Chinese Communist Party conclave. His prize: a $16 trillion economy in a vulnerable state, dependent on American technology and facing a demographic crisis. China’s so-called chairman of everything has the power to relieve his people, but it’s unclear whether he has the will. The focus on weaning China from foreign software and semiconductors entails a vast duplication of effort. Follow @petesweeneypro on TwitterloadingCONTEXT NEWSChina’s Communist Party has elected President Xi Jinping as general secretary on Oct. 23, his third five-year term, according to Chinese state media.

HONG KONG — Chinese President Xi Jinping is set to obtain a historic third term in power as the twice-a-decade congress of his ruling Chinese Communist Party wraps up this weekend. Since Xi took power in 2012, the country's GDP has more than doubled, from $8.53 trillion to $17.73 trillion. Much of that growth was based on manufacturing, turning China into the world’s second-largest economy after the United States since 2010. The government attributes 100 million of them to Xi, who made poverty alleviation one of his signature initiatives. Last February, he proclaimed that he had eliminated extreme poverty altogether, though experts have questioned how China defines it.

☆ UK foreign minister says incident at Chinese consulate "unacceptable"
▼ + stars: | 2022-10-19 | by ( ) www.reuters.com time to read: 1 min

LONDON, Oct 19 (Reuters) - British Foreign Secretary James Cleverly said on Wednesday an incident where a protester was seen being pulled into the grounds of a Chinese consulate and beaten was "unacceptable". The incident, which occurred in Manchester, northern England, during a demonstration against Chinese President Xi Jinping, led to Britain summoning China's Charge d'Affaires in London on Tuesday to explain what had happened. "That was unacceptable," Cleverly said of the incident, adding the protests had been peaceful and legal. Register now for FREE unlimited access to Reuters.com RegisterReporting by William James, writing by Michael Holden; Editing by Kate HoltonOur Standards: The Thomson Reuters Trust Principles.

☆ Tesla investors to focus on demand issues in earnings report
▼ + stars: | 2022-10-18 | by ( ) www.reuters.com time to read: +3 min

Oct 18 (Reuters) - Tesla Inc's (<TSLA.O>) quarterly report on Wednesday will likely show whether the Elon Musk-led electric-vehicle maker is facing any weakness in demand that is starting to weigh on the wider auto industry. Although Musk has said Tesla "does not have a demand problem", the company's latest report on deliveries showed that it made 22,000 more EVs than it delivered to customers in the third quarter. "A top concern right now is demand in China as wait times seem to be shrinking," RBC Capital Markets said. read moreAnalysts say pricing is a key factor that could help Tesla make up for a possible demand drop and boost revenue. "If there is a big sale of Tesla stock by Musk after earnings, that will be a strong sign that the Twitter deal is on the cusp of closing," said Adam Badawi, a law professor at UC Berkeley.

Monthly debt market data shows foreign investors have been net sellers for seven straight months to August as what had been a lucrative yield premium in China vanished as U.S. interest rates soared. GIMME SHELTERAmid foreign investors' exodus, there are signs of locals following as fast as allowable under capital controls that were tightened after the previous season of heavy outflows in 2016. Moving money is also very difficult as COVID-19 curbs on travel add another layer to capital controls. Data from consultancy Education International Cooperation showed a 41.5% jump in queries about study in Hong Kong between January and July, compared with the same period a year earlier. They expect a rush to Hong Kong products when the border between Hong Kong and the mainland reopens.

☆ Xi's call to win tech race points to new wave of Chinese state-led spending
▼ + stars: | 2022-10-17 | by ( Josh Horwitz | ) www.reuters.com time to read: +4 min

The term "technology" was referred to 40 times, up from 17 times in the report from the 2017 congress. Iris Pang, chief economist for Greater China at ING, said Xi's remarks addressed "the urgent need for talent and promoting self-sufficiency in technological advancement". "As such research spending on semiconductor technology should increase. On Monday, shares in Chinese information technology companies (.CSIINT) rose more than 1%, while semiconductor stocks (.CSIH30184) rose 0.7%. Venture capital (VC) has been allowed to invest in Chinese chip companies, with such firms receiving over $30 billion in VC cash between 2020-2021, according to Chinese investment research firm CVInfo.

"Given the economic and social strain caused by sticking to an increasingly unpopular COVID zero policy, Xi's speech might sound defensive to many Chinese citizens, insisting that the Party has their best interests in mind. ALFRED WU, ASSOCIATE PROFESSOR, LEE KUAN YEW SCHOOL OF PUBLIC POLICY, NATIONAL UNIVERSITY OF SINGAPORE"It is obvious that security is Xi's greatest concern. ZHIWU CHEN, PROFESSOR OF FINANCE, UNIVERSITY OF HONG KONG"One significant change is to de-emphasise economic development and economic reform. BATES GILL, PROFESSOR, DEPARTMENT OF SECURITY STUDIES AND CRIMINOLOGY, MACQUARIE UNIVERSITY, SYDNEY"This speech said 'continuity' and full speed ahead. "But this was not intended as a policy speech.

☆ Hong Kong hopes China Congress could revive economy, reverse IPO slump
▼ + stars: | 2022-10-13 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +3 min

HONG KONG, Oct 13 (Reuters) - Hong Kong dealmakers expect China's 20th Party Congress next week to herald a shift in focus in Beijing back towards business and economic issues that could help revive the city's IPO issuance from nine-year lows. Hong Kong only recently began its own reopening, relaxing its tough virus policies which have tarnished its credentials as a global financial centre. There has been just $9.28 billion worth of IPOs in Hong Kong this year, down from $37.1 billion in the same period in 2021, according to Refinitiv figures. Moreover, more than 80% of the IPOs in Hong Kong this year are trading under water since their debut, according to Dealogic data. Mainland Chinese IPOs have raised $54.12 billion, down 33% from $80.89 billion in the first three quarters of 2022, according to Refinitiv data.

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