China News - 21 November
International
China-Middle East summit told “Israel seeks to end Palestinians’ presence”. Palestinian Foreign Minister Riyad al-Maliki’s comments come as Beijing steps up its international role and hopes to work to “restore peace in the Middle East”. Al Jazeera, 20 November
“We were not hard enough”: how past trade tensions inspired Brussels’ fresh China crackdown. The EU believes ramping up pressure on Beijing is the only way to tackle the huge bilateral trade deficit. Andy Bounds. Financial Times, 19 November
Chairman of Russian State Duma to lead delegation to China. Vyacheslav Volodin will lead a delegation to China from 21-23 November. Reuters, 20 November
One of “Two Michaels” accused of spying to sue Canadian government over imprisonment in China. A spy row has broken out between two Canadian men, Michael Spavor and Michael Kovrig. They were imprisoned for 3 years in China on espionage charges in 2018. Tony Diver. Telegraph, 19 November
Alan Tudge helped set up a media event for man accused of foreign interference, trial told. The former Australian federal multicultural affairs minister gave evidence at a court trial for Duong who is accused of using a $37,450 donation, fundraised from members of the Chinese community, to gain influence with the former minister. The Guardian, 20 November
China says it facilitated transit through the country from northern Myanmar. The Thai foreign ministry has confirmed that more than 200 Thai nationals trapped by the fighting in northern Myanmar are being evacuated to Thailand through China. Reuters, 20 November
Taiwan’s former US envoy, well-known in US, vilified by China, named VP candidate. Lai Ching-te, a high-profile diplomat who Beijing denounces as a separatist, has been named as the frontrunner for Taiwan’s presidency. Ben Blanchard and Fabian Hamacher. Reuters, 20 November
Economy & Tech
Top 4 takeaways for stocks with China exposure after historic Biden-Xi meeting. Businesses remain watchful for any changes in the relationship between the two superpowers including: semiconductor control changes, AI’s China exposure, shifts in production centres and deals with China exposure and hope for approval. Mike Juang. Investor's Business Daily, 16 November
Foxconn’s electric car unit falls in market debut amid tough industry outlook. Hurt by concerns over headwinds from the highly competitive EV market, shares in Foxtron Vehicle Technologies fell in their market debut on Monday. Ben Blanchard and Faith Hung. Reuters, 20 November
Opinion & long-reads
A hint of a thaw in the new cold war. After a period of high tensions, the summit was a clear sign of progress. However, the roots of the growing rivalry remain. Demetri Sevastopulo, Ryan McMorrow and Joe Leahy. Financial Times, 17 November
Biden’s China summit was a reminder: the US should talk to its rivals more often. Dialogue is the only way to reduce misperception and unnecessary economic and military costs. Christopher S Chivvis. The Guardian, 20 November
One friendly meeting: What’s changed and what hasn’t in China-US rivalry. After a 4 hour meeting in San Francisco, Biden summed up his meeting with Xi as “some of the most constructive and productive discussions we’ve had”. Alexander Panetta. CBC News, 16 November
China wants to bulldoze old neighbours to revive the economy. Amid a major Chinese property crisis, policymakers want to revamp ageing urban villages like Paibang to kick-start modern development and help local economies. Daisuke Wakabayashi, Claire Fu and Keith Bradsher. The New York Times, 17 November