Day: July 5, 2022

Australian trade minister offers ‘compromise’ with China over anti-dumping tariffs

Chin@Strategy

Australia’s trade minister has extended an olive branch to China, suggesting a “compromise situation” or “alternative way” to settle trade disputes might emerge in talks between the two countries. Don Farrell made the comments in an interview with Guardian Australia hailing “positive signs” in Australia’s relationship with China, including the foreign minister, Penny Wong, planning to meet her counterpart, and China’s consent to a trade dispute appeal process. Since the Albanese government was elected in May, Australia and China have reopened lines of communication including the deputy prime minister, Richard…

China imposes Covid lockdown in Xi’an after handful of cases

Chin@Strategy

Businesses, schools and restaurants in Xi’an will close for one week, officials have said, after the Chinese city logged a handful of Covid-19 cases as outbreaks nationwide strain Beijing’s zero-tolerance virus approach. China is the last major economy wedded to a zero-Covid strategy, deploying snap lockdowns, quarantines and travel curbs in a bid to weed out new infections. Xi’an, a historic city of 13 million that endured a month-long lockdown at the end of last year, has reported 18 cases since Saturday in a cluster driven by the fast-spreading Omicron…

China Sees Record Rains, Heat as Weather Turns Volatile

Chin@Strategy

Advertisement From the snowcapped peaks of Tibet to the tropical island of Hainan, China is sweltering under the worst heatwave in decades while rainfall hit records in June. Extreme heat is also battering Japan, and volatile weather is causing trouble for other parts of the world in what scientists say has all the hallmarks of climate change, with even more warming expected this century. The northeastern provinces of Shandong, Jilin, and Liaoning saw precipitation rise to the highest levels ever recorded in June, while the national average of 112.1 millimeters…