The Trump Administration's five-pronged Clean Network initiative aims to strip away Chinese phone makers' ability to pre-install and download U.S. apps. Under U.S. sanctions, Huawei already lost access to key Google services, which has dealt a blow to its overseas phone sales. Oppo, Vivo, Xiaomi, and other Chinese phone makers could suffer the same setback as Huawei, should the Clean Network applies to them.
Germany's BioNTech and China's Shanghai Fosun Pharmaceutical on Wednesday announced the start of another COVID-19 vaccine trial in China with a total of 144 participants. "The study is designed to support the regulatory approval process for the Chinese market and intends to confirm that the safety and immunogenicity profile observed in participants from the German and U.S. trials is comparable to that of Chinese participants," BioNTech said in a statement.
International banks in Hong Kong are caught in the crossfire of competing laws enacted by the United States and China as the superpowers clash over the city's future, with analysts warning businesses are being forced to pick a side. The first is a bipartisan US bill sanctioning Chinese and Hong Kong officials responsible for the current crackdown on political freedoms in the city. The second is a sweeping security law Beijing imposed on the finance hub that includes a ban on businesses complying with foreign sanctions.
The United States announced Wednesday its "highest level" visit in decades to Taiwan, a move sure to infuriate China with relations between the two superpowers at historic lows. Washington's de facto embassy in Taipei confirmed that health chief Alex Azar would lead an upcoming delegation to the self-ruled island, which China's communist leaders claim and have vowed to one day seize. "This marks... the first Cabinet member to visit in six years, and the highest level visit by a US Cabinet official since 1979," the American Institute in Taiwan said.
China is looking to reduce its reliance on overseas markets and technology for its economic development, government advisers say, as U.S. hostility and a global pandemic increase external risks that could hamper longer-term progress. The country's leaders have proposed a so-called "dual circulation" model of growth to steer the economy, the sources said, which would prioritise "internal circulation" to boost domestic demand and be supplemented by "external circulation".