Category: China

China’s Rise Relied on the West. Xi Jinping Is Turning Away.

The New York Times – Business:
The Chinese leader has edged ever closer to Russia, while distancing China from countries that have helped it develop over the past four decades.
China Approves an mRNA Covid Vaccine, Its First

The New York Times – Business:
The homegrown shot is a crucial tool that China has been lacking — a vaccine based on a technology considered among the most effective the world has to offer.
Xi and Putin Bind China and Russia’s Economies Further, Despite War in Ukraine

The New York Times – Business:
On the second day of the Chinese leader’s state visit in Moscow, Xi Jinping and Vladimir V. Putin declared an enduring economic partnership, in an effort to insulate their countries from punitive Western measures.
Pulling the Plug on TikTok Will Be Harder Than It Looks

The New York Times – Business:
The tensions over the Chinese-owned social media app will come to a head on Thursday, when the company’s chief executive testifies on Capitol Hill.
As War in Ukraine Grinds on, China Helps Refill Russian Drone Supplies

The New York Times – Business:
China has shipped more than $12 million in drones to Russia since it invaded Ukraine, in an indication of quiet collaboration between the two.
Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan

The New York Times – Business:
The nation, having weathered negotiations with Japan, India and China, hopes the emergency funds from the International Monetary Fund will see it through its debt crisis.
Falling Lithium Prices Are Making Electric Cars More Affordable

The New York Times – Business:
An unexpected decline in the price of an essential battery material, along with those of other commodities, is good news for buyers. But experts disagree on how long low prices will last.
China’s Xi to Visit Putin Under Shadow of War-Crimes Warrant

The New York Times – Business:
Global divisions over Russia’s actions in Ukraine widened as China said Xi Jinping would go to Russia to help make peace, in a move widely seen as a stark sign of support for President Vladimir V. Putin.
Finding a Buyer for TikTok May Not Be So Easy

The New York Times – Business:
The Biden administration is pushing TikTok’s Chinese owners to sell the app or face a possible ban. But there are many complications to finding a suitor.
U.K. Bans TikTok on Government Devices

The New York Times – Business:
The move reflects fears in Britain and elsewhere in the West that the popular app’s Chinese ownership could share user information with Beijing.
China’s Answer to ChatGPT Gets an Artificial Debut and Disappoints

The New York Times – Business:
The promised “live” demonstration of the bot had, in fact, been prerecorded. Shares of Baidu, the company behind the technology, tumbled in Hong Kong.
China Wine Tariff Pushes Australia’s Grape Growers Into Crisis

The New York Times – Business:
Two years later, they’re suffering from a glut of red wine and plummeting grape prices with no overseas market big enough to fill the gap.