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China

Reuters | Equities.com |

The virus that causes COVID-19 could have started spreading in China as early as October 2019, two months before the first case was identified in the central city of Wuhan, a new study showed on Friday.

Researchers from Britain's University of Kent used methods from conservation science to estimate that SARS-CoV-2 first appeared from early October to mid-November 2019, according to a paper published in the PLOS Pathogens journal.


AP News | Equities.com |

Twenty-eight Chinese air force aircraft, including fighters and nuclear-capable bombers, entered Taiwan’s air defense identification zone (ADIZ) on Tuesday, the island’s government said, the largest reported incursion to date.

While there was no immediate comment from Beijing, the news comes after the Group of Seven leaders issued a joint statement on Sunday scolding China for a series of issues and underscored the importance of peace and stability across the Taiwan Strait, comments China condemned as “slander”.


Reuters | Equities.com |

BlackRock Inc has become the first global asset manager licensed to start a wholly owned onshore mutual fund business in China, as the government opens up the country's $3.5 trillion mutual fund industry.

BlackRock, the world's biggest asset manager, on Friday said the China Securities Regulatory Commission (CSRC) had given its Chinese fund management unit approval to begin operations.


AP News | Equities.com |

Set to embark on the first overseas trip of his term, President Joe Biden is eager to reassert the United States on the world stage, steadying European allies deeply shaken by his predecessor and pushing democracy as the only bulwark to rising forces of authoritarianism.

Biden has set the stakes for his eight-day trip in sweeping terms, believing that the West must publicly demonstrate it can compete economically with China as the world emerges from the coronavirus pandemic.


Reuters | Equities.com |

Top U.S. infectious disease expert Dr. Anthony Fauci has called on China to release the medical records of nine people whose ailments might provide vital clues into whether COVID-19 first emerged as the result of a lab leak, the Financial Times reported on Thursday.

"I would like to see the medical records of the three people who are reported to have got sick in 2019. Did they really get sick, and if so, what did they get sick with?" the report quoted Fauci as saying about three of the nine.


AP News | Equities.com |

China vehemently objected Friday to President Joe Biden’s expansion of a list of Chinese companies whose shares are off-limits to U.S. investors.

Late Thursday, the White House issued the update of to an order signed last year by his predecessor Donald Trump that aims to strengthen controls on investments in Chinese companies that the U.S. says are linked to defense and surveillance.


Reuters | Equities.com |

The U.S. intelligence community on Thursday acknowledged its agencies had two theories on where the coronavirus originated, with two agencies believing it emerged naturally from human contact with infected animals and a third embracing a possible laboratory accident as the source of the COVID-19 pandemic.

"The U.S. Intelligence Community does not know exactly where, when, or how the COVID-19 virus was transmitted initially but has coalesced around two likely scenarios," the Office of the Director of National Intelligence (ODNI) said, adding that the majority believes there is not "sufficient information to assess one to be more likely than the other."


AP News | Equities.com |

What started as a pragmatic effort to boost scientific research and development has morphed into sweeping Senate bill aimed at making the U.S. more competitive with China and other countries, including $50 billion in emergency funds to shore up domestic computer chip manufacturing.

The American Innovation and Competition Act is key to President Joe Biden’s infrastructure plans and was heading toward final passage despite some glitches late Thursday. It’s also a test of whether the split 50-50 Senate can accomplish bipartisan achievements at a time when there’s pressure on Democrats to change the rules to push past obstruction and gridlock.


Michael McTague | Equities.com |

Our first entry tackled the Boeing 737 problem. This second entry in the series looks at the National Basketball Association (NBA), major sneaker and sports clothes makers and their responses to China’s crackdown on Hong Kong and free speech.


Reuters | Equities.com |

Chinese gaming and social media giant Tencent Holdings Ltd reported a forecast-beating 65% rise in quarterly profit on Thursday, driven by a surge in users for its video games in China and international markets.

Tencent, the world's largest gaming firm by revenue, booked profit of 47.77 billion yuan ($7.42 billion) for the three months through March, higher than the average analyst estimates published by Refinitiv of 35.45 billion yuan.