The Wall Street Journal
- Evergrande Was Once China’s Biggest Property Developer. Now, It Has Been Ordered to Liquidate. — Negotiations to prevent the breakup of the company didn’t lead to a deal over the weekend, people familiar with the matter say.
- Vatican-China Rapprochement Resumes With Bishop Consecrations — New bishops of Zhengzhou and Weifang were named by Pope Francis with the agreement of Beijing.
- WuXi AppTec Shares Continue Slide After Company Calls U.S. Draft Bill Findings Inaccurate — WuXi AppTec saying late Friday that it abides by laws and regulations in the countries in which it operates, including China and the U.S.
- Why More Chinese Workers Are Settling for Less Pay — Dwindling opportunities and weaker wage growth have left many people worse off than during China’s boom years.
- Houthis Attack U.S. Warship as China Urges Iran to Rein In Rebels — Tehran tells Beijing it doesn’t control Yemeni rebel group.
The Financial Times
- Chinese developer Evergrande ordered to be wound up by Hong Kong court — Indebted property group fails to agree restructuring plan with creditors.
- US urges China to help deter Iran-backed Houthis in back-channel meeting — US national security adviser and Chinese foreign minister met as western navies step up defence of Red Sea.
- Chinese regulators curb short selling as market downturn deepens — Measures come into effect from Monday and are designed to ‘create a fairer market order.’
- Russia’s planned gas pipeline to China hit by construction delay — Moscow and Beijing have not yet agreed details of mammoth infrastructure project, says Mongolian prime minister.
- Opinion: Western nations need a plan for when China floods the chip market — The oversupply of certain types of semiconductors is going to be a problem this year. By Chris Miller
The New York Times
- Evergrande Will Be Dismantled, a ‘Big Bang’ End to Years of Stumbles — After multiple delays and even a few faint glimmers of hope, a Hong Kong court has sounded the death knell for what was once China’s biggest real estate firm.
- China Evergrande Must Be Liquidated, a Judge Said. What Happens Next? — The massive property developer epitomized China’s real estate frenzy, and its downfall fueled the market’s downturn.
- What China’s E.V. City Says About the State of the Economy — Hefei has led the country in making electric vehicles and other tech products, but it still has not escaped a nationwide housing crisis.
- What It Took Young People in China to Get Their Jobs — Not long ago, China’s economy was the envy of the world. Now a new generation of aspiring professionals is facing the toughest job market in years.
- Opinion: What Worries Me About War With China After My Visit to Taiwan — I worry that American anxiety about the risk of war with China may inadvertently exacerbate it. By Nicholas Kristof
- Opinion: China Is Trying to Have It Both Ways in the Middle East — China has made no appreciable move to shoulder the costs or risks of ensuring security in the Red Sea. By Isaac Kardon and Jennifer Kavanagh
Caixin
- Cover Story: China’s Three-Year Stock Slump Resists Policy Prescriptions for Rebound — Different from previous A-share slumps, in which heavy-leveraged institutional investors suffered the worst losses, the current bear market has hurt individual investors the most.
- Drug-Resistant Fungal Pathogen Infections Surged in China in 2023, Study Shows — A novel multidrug-resistant human fungal pathogen with a high transmission rate is spreading in China, a recent study showed.
- CATL Hitches Up With Didi, Broadening Move in Battery Swapping — Battery giant Contemporary Amperex Technology Co. Ltd. (CATL) has set up a battery swapping joint venture (JV) with ride-hailing company Didi Global Inc. to service Didi’s expanding fleet of electric vehicles (EVs).
South China Morning Post
- Why Evergrande’s Hong Kong liquidation order is just the start of an uphill battle for its offshore creditors — Some question whether Hong Kong liquidators will be able to secure recognition and help from mainland Chinese courts to effectively seize Evergrande assets on the mainland.
- Huawei’s car-making partner Seres expects reduced 2023 losses, with M7 and M9 EVs paving road to profitability — Seres expects its losses for last year to fall between US$295 million and US$380 million, narrowing from US$535 million in 2022.
- China approves 14 large language models and enterprise applications, as Beijing favours wider AI adoption across industries — The new batch includes a number of industry-specific LLMs, compared with the general AI models from previous approvals, reflecting how the technology is being used to boost efficiency in enterprises.
Nikkei Asia
- Thailand and China agree mutual visa waivers from March 1 — Foreign ministers to hold annual consultations amid ‘zero-sum’ geopolitics.
- China’s frozen city Harbin transforms into tourist hot spot — Government largesse helps draw travelers to winter wonderland.
- India and China open doors for Global South in space competition — Emerging countries keen to boost prestige and gain access to related resources.
Bloomberg
- Evergrande Set for Liquidation as China Property Crisis Drags On — China Evergrande Group received a liquidation order from a Hong Kong court, setting off a daunting process to carve up the biggest casualty of a property crisis that’s upending the world’s second-largest economy.
- China Warns Students on Interrogation Reports at DC Airport — The Chinese Embassy in the US warned students from the Asian nation to be careful when flying through Washington Dulles International Airport after it said “many” were interrogated there by border agents or sent back to China.
- WuXi Bio Slumps on Geopolitical Concerns After US Draft Bill — WuXi Biologics Cayman Inc. shares slumped for the second day as investors worried over a ramp-up in geopolitical tensions following a US draft bill targeting Chinese biotech companies.
Reuters
- China approves over 40 AI models for public use in past six months — China has approved more than 40 artificial intelligence (AI) models for public use in the first six months since authorities began the approval process, as the country strives to catch up to the U.S. in AI development, according to Chinese media.
- China’s growth model pushes Beijing into more trade conflicts — Swiss solar panel maker Meyer Burger is facing the brunt of competition from China and is warning it may have to close its loss-making production plant in Germany unless the government steps in with financial support.
- What happens next after China Evergrande ordered to liquidate? — A Hong Kong court on Monday ordered China Evergrande, the world’s most indebted developer, to be liquidated.
Other Publications
- CNBC: China’s luxury market is bouncing back. Analysts say these are new areas of opportunity — China’s luxury sales are rebounding, and while they’re not back to 2021 levels yet, industry analysts and financial releases from major brands point to new growth opportunities versus pre-pandemic trends.
- Foreign Policy: What Taiwan’s Election Means for Geopolitics — Will it reshape cross-strait relations?
- The Guardian: Chinese courts to rule on Hong Kong commercial disputes under new law — A new law giving Chinese courts the authority to enforce rulings in commercial disputes in Hong Kong comes into effect on Monday, further reducing the barriers between the Hong Kong and Chinese legal systems.
- The Insider: Taiwan has become the Russian arms industry’s main source for high precision machine tools — Sanctions imposed by the Taiwanese government have not remedied this situation, as the machine tools themselves are shipped to Russia via third countries, including Turkey.
