‘It’s a win for China’: UN envoy struggles to find the truth in Xinjiang

Michelle Bachelet, the UN human rights chief, has staked her reputation and that of the 193-member organisation on an investigation into China’s crimes against Uyghur Muslims in Xinjiang. The former Chilean president, long considered a contender to be the first woman head of the UN, this week made a landmark trip to the north-western Chinese … Read more

Citi Team Downgrades US Stocks on Recession Risk, Favors China

(Bloomberg) — Citigroup Inc. strategists cut their recommendation on US stocks to neutral on the risk of a recession, joining an increasing number of banks in warning of a growth slowdown. Most Read from Bloomberg The market is showing “elements of a deflating bubble” with high uncertainty and the lack of reassurance from the Federal … Read more

China industrial profits fall as lockdown pain spreads

China’s industrial groups posted their worst decline in profits in two years in April, in the latest sign of the economic and corporate pain stemming from a wave of coronavirus lockdowns. Industrial profits dropped 8.5 per cent in April compared with the same period a year earlier, the measure’s worst fall since March 2020, when … Read more

Blinken to say China strategy is about rules-based order, not ‘new Cold War’ By Reuters

© Reuters. FILE PHOTO: Chinese Foreign Minister Wang Yi shows the way to U.S. Secretary of State Antony Blinken, before their meeting on the sidelines of the G20 summit, in Rome, Italy October 31, 2021. Tiziana Fabi/Pool via REUTERS By Michael Martina and Humeyra Pamuk WASHINGTON (Reuters) – The United States does not seek to … Read more

Global firms warn of sluggish China demand due to lengthy COVID curbs By Reuters

3/3 © Reuters. FILE PHOTO: Workers in protective suits are seen at a closed residential area during lockdown, amid the coronavirus disease (COVID-19) outbreak, in Shanghai, China, May 25, 2022. REUTERS/Aly Song/File Photo 2/3 By Josh Ye and Jane Lanhee Lee (Reuters) -Two months into harsh COVID-19 lockdowns that have choked global supply chains, China’s … Read more

Risky Ship-to-Ship Transfers Keep Russian Oil Moving to China

A logistically risky and costly transfer of crude between tankers at sea highlights the steps at least one Chinese buyer is willing to take to ensure the smooth flow of oil from eastern Russia to Asia. Buyers are using creative ways to maintain flows as more shipowners shun Russian oil due to the potential fallout … Read more

China could struggle to record positive growth in second quarter, says premier

China’s premier has said the world’s second-largest economy could struggle to record positive growth in the current quarter, urging officials to help companies resume production after Covid-19 lockdowns. The comments by Li Keqiang, to tens of thousands of officials on an internal videocast on Wednesday, underscore the difficulties President Xi Jinping’s administration will have in reaching its … Read more

World Economic Forum: China commits to plant and conserve 70 billion trees by 2030

China’s Special Envoy for Climate Change on Wednesday said the country will plant and conserve 70 billion trees by 2030, reosponding to the World Economic Forum’s (WEF) 1t.org initiative. The WEF and China Green Foundation, their statements said, will “actively echo and support” the initiative which will encourage society-wide stakeholders, … Read more