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Asia Pulp & Paper Co. has reportedly entered the bidding for a stake in Vinda International Holdings Ltd., a Hong Kong-listed tissue maker. The Indonesian pulp producer has submitted a preliminary proposal to buy Vinda stock from its majority owner, Essity AB, at a price of over HK$20 per share. APP already sells tissues in China under various brands. Other potential suitors may also emerge, and there is no certainty that APP will proceed with a binding bid. Vinda owns one of China's top tissue brands and also produces products for feminine care, baby care, and incontinence. [Extracted from the article]

China has released new rules for its national carbon market in an effort to reduce an oversupply of permits and encourage large polluters to transition to greener practices. The rules include stricter limits on carrying over unused permits from previous years and a ban on borrowing allowances from future years. These changes aim to create a "slight shortage" of allowances in the market, as opposed to the early years when an abundance of free allowances kept prices low and limited the incentive for power companies to reduce emissions. The market, which began trading in 2021, has faced criticism for its limited impact on emissions in the world's largest polluter. The new rules also set emissions targets for power utilities and require annual compliance reporting. The rules will not constrain power generation, will benefit the most efficient plants, and will continue to exempt gas-burning plants. The market price for allowances has risen since February in anticipation of tighter policies and an earlier compliance deadline. [Extracted from the article]

(Bloomberg) -- China's Covid protesters are turning to a non-confrontational tactic in a bid to get their message of discontent across while trying not to run afoul of the law: holding up blank sheets of paper in public spaces like street corners, metro stations and city centers. Demonstrators in cities like Hangzhou and Beijing's Tsinghua University have been filmed being approached by police for demonstrating, although it is unclear if they were arrested. [Extracted from the article]

(Bloomberg) -- China has ample tools to stabilize the foreign-exchange market even if the yuan enters a "panic" slide, according to a commentary in the Chinese central bank-backed Financial News. China Has Ample Tools Even in "Panic" Yuan Drop, PBOC Paper Says Here Are the Tools That China Uses to Manage the Yuan: QuickTake Yuan depreciation since mid-May has been due to short-term factors related to China's economic recovery not meeting expectations in the market, it said. [Extracted from the article]

The US and Canada brought down three high-altitude airborne objects this month, including one Washington said was sent deliberately by China for surveillance. (Bloomberg) -- China is getting ready to take down an unidentified object flying over waters near the port city of Qingdao, which is home to a major naval base for the People's Liberation Army, Chinese news outlet The Paper reported. [Extracted from the article]

An employee at the marine development authority of Qingdao's Jimo district said "relevant authorities" are preparing to bring down the object, the report said. (Bloomberg) -- China is getting ready to take down an unidentified object spotted flying over waters near the port city of Qingdao, The Paper reported. [Extracted from the article]

(Bloomberg) -- Chinese question-and-answer website Zhihu Inc., which went public in the U.S. in March this year, is said to be considering another initial public offering in Hong Kong, local media the Paper reported Saturday. Zhihu told the Paper an ownership change is standard practice for Chinese companies that list overseas, and the major shareholders and their stakes in the company are unchanged. [Extracted from the article]

(Bloomberg) -- China published new regulations for its national carbon market that are unlikely to reduce an oversupply of allowances keeping trading activity constrained and prices low. The government initially gave out so many allowances, though, that market participants ended up with a surplus, suppressing trading and leaving prices at just a fraction of what they are in the more mature and active European carbon market. [Extracted from the article]

(Bloomberg) -- China's southern manufacturing powerhouse Guangzhou is charting an unexpected course in the world's last remaining Covid Zero country, resisting a mass lockdown despite racking up more than 2,500 local infections a day. China's Factory Hub Takes Risky "Light-Touch" Path Amid Outbreak "However, due to Guangzhou's special status, even a soft approach does not necessarily mean China is likely to quickly end its zero Covid strategy nationally.". [Extracted from the article]

China's Factory Hub Takes Risky "Light-Touch" Path Amid Outbreak (Bloomberg) -- China's southern manufacturing powerhouse Guangzhou is charting an unexpected course in the world's last remaining Covid Zero country, resisting a mass lockdown despite racking up more than 2,500 local infections a day. "However, due to Guangzhou's special status, even a soft approach does not necessarily mean China is likely to quickly end its zero Covid strategy nationally.". [Extracted from the article]

(Bloomberg) -- The Chinese government said it will cut import tariffs for goods including frozen pork, pharmaceuticals, paper products and some high-tech components starting from Jan. 1, according to a statement from the Ministry of Finance. To contact Bloomberg News staff for this story: Miao Han in Beijing at mhan22@bloomberg.net. [Extracted from the article]

International Paper is selling more containerboard to China Now that China is buying more of the fresh stuff rather than using old waste, International Paper Co.'s shipments of containerboard to China have been rising since late 2017, Chief Executive Officer Mark Sutton said in a telephone interview Thursday. [Extracted from the article]

(Bloomberg) -- Tens of thousands of university studentsare under lockdown on their campuses in the northeasternChinese city of Dalian, which is battling the biggestflareup in the country's current outbreak, according toDushikuaibao newspaper. Two universities in Zhuanghe in Dalian have imposed thecurbs since the port city discovered Covid cases on Nov.4, the report said, citing students. [Extracted from the article]

(Bloomberg) -- Tens of thousands of university studentsare under lockdown on their campuses in the northeasternChinese city of Dalian, which is battling the biggestflareup in the country's current outbreak, according tonewspaper Dushikuaibao. Two universities in Zhuanghe in Dalian have imposed thecurbs since the port city discovered Covid cases on Nov.4, the report said, citing university students. [Extracted from the article]

The Financial News report comes two days after a government adviser told reporters the PBOC has room to cut the RRR and there shouldn't be concerns about inflation. (Bloomberg) -- Expectations are falling that China's central bank will ease monetary policy by cutting the amount of cash banks have to hold in reserve, according to a front-page story from the central bank's own newspaper. [Extracted from the article]

Keywords: PBCZ@CH; ALLTOP; ASIA; ASIATOP; BUSINESS; CHINA; CORONAVIR; ECOTOP; FRX; GLOBALMACR; GOV; MARKETS; TOP; WORLD; WWTOP; WWTOPAS; WWTOPEU EN PBCZ@CH ALLTOP ASIA ASIATOP BUSINESS CHINA CORONAVIR ECOTOP FRX GLOBALMACR GOV MARKETS TOP WORLD WWTOP WWTOPAS WWTOPEU China needs to roll out more stimulus to boost economic growth as the recovery isn't solid and its momentum showed signs of slowing, according to Financial News, a newspaper backed by the central bank. PBCZ@CH, ALLTOP, ASIA, ASIATOP, BUSINESS, CHINA, CORONAVIR, ECOTOP, FRX, GLOBALMACR, GOV, MARKETS, TOP, WORLD, WWTOP, WWTOPAS, WWTOPEU. [Extracted from the article]

The article offers information on the white paper report published by the State Council Information Office that china has improved its democracy, protection of people's economic, political, social and cultural rights. It mentions the efforts of nation to develop regular contributions to the international cause of human rights and also mentions the celebration of 70th anniversary of the founding of the People's Republic of China on October, 1, 2019.

(Bloomberg) -- A Boeing Co. 737 Max 7 has arrived at theShangai airport for flight tests by Chinese authorities, the Paperreported. China was the first nation toground the Max, acting within hours of a fatal crash in Ethiopia onMarch 10, 2019, and hasn't allowed it to fly since, crimping jetsales in Boeing's largest overseas market. [Extracted from the article]

A Communist Party-run newspaper issued a harsh rebuke to criticism of China's security crackdown on its Muslim-dominated frontier, arguing that authorities had saved the region from becoming another Syria. "It has avoided the fate of becoming 'China's Syria' or China's Libya,"' the paper said in both its Chinese and English editions. [Extracted from the article]

Procter & Gamble Co. says keeping production local will minimize the impact of tariff wars in some of its biggest markets. "The China toilet paper and soap tariffs don't have a significant impact for P&G", she said. [Extracted from the article]

(Bloomberg) -- China replaced the head of its top agency overseeing Hong Kong, in the latest shakeup after months of anti-government protests in the Asian financial hub. Zhang Xiaoming will be replaced as director of the Hong Kong & Macau Affairs Office by top national political adviser Xia Baolong, China's State Council said in a statement Thursday. [Extracted from the article]

China Corporate Debt Window "Closing Quickly", IMF Paper Says Exiting from loss-making firms would cost 7.8 million jobs The IMF staff estimate that exiting from loss-making firms would cost 7.8 million jobs -- 2.8 million in overcapacity sectors like coal and steel and 5 million in construction. [Extracted from the article]

China's central bank would benefit from greater transparency including regular press briefings and timely release of information, according to researchers at the International Monetary Fund. Their paper -- which doesn't necessarily reflect the IMF's official view -- looked at moves toward greater transparency by the People's Bank of China as its stewardship of the $12 trillion economy increasingly holds the potential to rattle global markets. [Extracted from the article]

China Can't Be Trusted With "Sensitive" Huawei Papers, U.S. Says (Bloomberg) -- U.S. lawyers prosecuting Huawei Technologies Co. for alleged Iran sanctions violations said the company shouldn't be allowed to share more than 21,000 pages of "sensitive" evidence in the People's Republic of China because it could be "misused." Huawei, one of the world's largest makers of smartphones and networking equipment, and Chief Financial Officer Meng Wanzhou have been fighting charges filed in 2019 that they evaded U.S. sanctions on Iran and lied to U.S. authorities. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. China's Hubei province, at the center of the coronavirus outbreak, is requiring that enterprises not resume work before Feb. 20, according to the local government. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. China's Hubei province, at the center of the coronavirus outbreak, is requiring that enterprises not resume work before Feb. 20, according to the local government. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. China's Hubei province, at the center of the coronavirus outbreak, is requiring that enterprises not resume work before Feb. 20, according to the local government. [Extracted from the article]

(Bloomberg) -- New cases in China jumped by almost 15,000 after Hubei province, the epicenter of the coronavirus outbreak, revised its method for counting infections. China reported 15,152 additional coronavirus cases as of Feb. 12, with Hubei's new method for counting infections accounting for the bulk of the additions. [Extracted from the article]

Xia Baolong, 67, the vice chairman of the Chinese People's Political Consultative Conference, will replace Zhang Xiaoming as director of the Hong Kong & Macau Affairs Office, the State Council said Thursday. "The reshuffling at this interesting moment may point to a deep distrust from Xi Jinping toward the former faction dealing with Hong Kong affairs", said Sonny Lo, a Hong Kong-based academic and political commentator. [Extracted from the article]

The EU has a "fundamental interest to engage China - and the US - in maintaining the status quo and de-escalating tensions" in the Taiwan Strait, according to the bloc's new paper. (Bloomberg) -- The European Union should avoid being drawn into a zero-sum contest between Washington and Beijing as it works to manage China's rise, according to a draft paper by the bloc's foreign policy arm. [Extracted from the article]

China Paper Says U.S. "Fabricated" Forced Tech Transfer Claims The U.S. hasn't been able to provide examples of cases where overseas companies had to do so despite repeated requests by China for evidence, according to a commentary published Saturday in the People's Daily newspaper. The Trump administration on Friday blacklisted China's largest tech company -- which it accuses of aiding Beijing in espionage -- threatening to cut off the American software and semiconductors it needs to make smartphones and networking gear. [Extracted from the article]

(Bloomberg Opinion) -- China's Made in 2025 Ambitions Are a Paper Tiger: Anjani Trivedi Made in China 2025, published in summer 2015, laid out how and why China would need to move up the technology ladder and close the gap with developed countries in higher-end or intelligent manufacturing. [Extracted from the article]

Prices closed at 51.23 yuan a metric ton at the end of trading Friday, with 4.1 million tons of trades conducted, according to the official WeChat account of the carbon market. Keywords: 386@HK; 836@HK; 857@HK; VRSK; ALTNRG; ASIA; BASIC; BUSINESS; CHINA; CHM; CLIMATE; CMD; COS; ELC; EUROPE; GOV; HK; INDUSTRIES; MARKETS; NRG; OIL; UTI; WORLD EN 386@HK 836@HK 857@HK VRSK ALTNRG ASIA BASIC BUSINESS CHINA CHM CLIMATE CMD COS ELC EUROPE GOV HK INDUSTRIES MARKETS NRG OIL UTI WORLD China's national carbon market opened with a flurry of trades that sent prices surging, yet it'll be years before the system helps the top polluting nation curb its emissions. [Extracted from the article]

Keywords: 386@HK; 836@HK; 857@HK; VRSK; ALTNRG; ASIA; BASIC; BUSINESS; CHINA; CHM; CLIMATE; CMD; COS; ELC; EUROPE; GOV; HK; INDUSTRIES; MARKETS; NRG; OIL; UTI; WORLD EN 386@HK 836@HK 857@HK VRSK ALTNRG ASIA BASIC BUSINESS CHINA CHM CLIMATE CMD COS ELC EUROPE GOV HK INDUSTRIES MARKETS NRG OIL UTI WORLD China's national carbon market opened with a flurry of trades that sent prices surging, yet it'll be years before the system helps the top polluting nation curb its emissions. Prices closed at 51.23 yuan a metric ton at the end of trading Friday, with 4.1 million tons of trades conducted, according to the official WeChat account of the carbon market. [Extracted from the article]

The decision to prioritize a carbon market over more stringent targets for industrial polluters reflects China's efforts to balance climate ambitions and growth. Keywords: 386@HK; 836@HK; 857@HK; VRSK; ALTNRG; ASIA; BASIC; BUSINESS; CHINA; CHM; CLIMATE; CMD; COS; ELC; EUROPE; GOV; HK; INDUSTRIES; MARKETS; NRG; OIL; UTI; WORLD EN 386@HK 836@HK 857@HK VRSK ALTNRG ASIA BASIC BUSINESS CHINA CHM CLIMATE CMD COS ELC EUROPE GOV HK INDUSTRIES MARKETS NRG OIL UTI WORLD China's national carbon market opened with a flurry of trades that sent prices surging, yet it'll be years before the system helps the top polluting nation curb its emissions. [Extracted from the article]

Micron's China Woes May Prove "Paper Tiger", Not Doomsday Event A Chinese court's preliminary injunction stopping Micron Technology Inc. from selling 26 products may not pose as big of an obstacle as investors think, analysts say, noting that the disruption could drive up industry prices. For the industry overall, it's possible that any injunction may make it more costly to make certain products like PCs in China, and may help competitors gain share; supply/demand outside China could also become oversupplied. [Extracted from the article]

Scrap-Metal Dealers Hunting Users After China Ban (2) In early May, China implemented a 30-day ban on all scrap-copper imports, part of wider limits on all sorts of imported waste like paper, plastic and scuttled ships. Unless new buyers are found, that would be a big loss for American dealers, who send more than half of all their scrap copper to the Asian country. [Extracted from the article]

A recent study by the International Monetary Fund (IMF) has found that the global economy is becoming divided between US- and China-centered blocs, although the level of fragmentation is less than during the Cold War. Trade flows between the two blocs have declined by about 12% more than trade within the same bloc since Russia's invasion of Ukraine in 2022. Foreign direct investment projects have also fallen by around 20% more between blocs than within blocs. However, the decline in trade and investment is much smaller than during the Cold War, and many non-aligned economies are benefiting from their role as "connector" economies between the two blocs. The IMF warns that if geopolitical tensions persist and trade restrictive policies intensify, the level of fragmentation could worsen considerably. [Extracted from the article]

(Bloomberg) -- China accused Taiwan's ruling party of damaging the chances of peaceful reunification by pursuing "separatist" policies, as Beijing published its first white paper on its dispute with Taipei in two decades. China won't rule out the use force to unify the two sides, the paper said, reaffirming the Communist Party's long-stated position that it would reserve all necessary options. [Extracted from the article]

PBOC Wants "Controllable Anonymity" in China's Digital Currency (Bloomberg) -- China wants to balance functionality with concerns about anonymity as it works toward launching a digital version of the yuan, according to an official from the People's Bank of China. China isn't targeting capital markets or trade-financing centers with its digital currency plans at this time, Mu said, speaking on a panel at the Singapore FinTech Festival on Tuesday. [Extracted from the article]

China Paper Accuses U.S. of "Bandit Logic" in Trade Dispute China's most influential newspaper accused the U.S. of relying on "bandit logic" in trade negotiations, in the latest sign of hardening rhetoric in Beijing. "America's bandit logic is what the U.S. has said becomes what you say, and if you don't do as they say, that is going back on your word", said a commentary published Thursday in the Communist Party's People's Daily newspaper. [Extracted from the article]

China's central bank had an odd warning on Thursday: Please don't burn fake yuan notes. AttributionSharon Chen: editor primaryHenry Hoenig: editor secondaryYinan Zhao: by reporterJeffrey Black: editor responsible. [Extracted from the article]

The paper reiterated that the PBOC will coordinate monetary policy with fiscal and industrial policies to boost market confidence and achieve stable growth. (Bloomberg) -- The People's Bank of China vowed to continue improving its structural monetary policy framework in a paper that highlighted the importance of targeted tools in helping an economy battered by Covid outbreaks. [Extracted from the article]

Smokestack corporate consolidation has pushed up metals prices The overall impact of Chinese export-price inflation on global inflation is around 13 percent, according to a report by Diana Choyleva, chief economist at Enodo Economics Ltd. in London. [Extracted from the article]

On June 11, the People's Daily -- the mouthpiece paper of China's Communist Party -- published an article in its overseas edition with the headline "Will Venezuela Default?" Yet despite its apparent willingness to back Venezuela, Barclays Plc and Exotix Partners LLP are part of a growing group of market watchers that are skeptical that China is truly prepared to increase financing. [Extracted from the article]

Health authorities in the city of Xiamen, China, are planning to investigate an assisted reproduction clinic after it was exposed by local media for providing illegal surrogacy services. The clinic, operated by Longduhua Medical Group, reportedly helps deliver over 300 babies each year. Despite China's ban on surrogacy, underground services continue to thrive, driven by couples seeking to bypass the former one-child policy or those unable to conceive. The clinics charge upwards of 550,000 yuan ($77,000) and guarantee success in services such as fertilization and creating twins. [Extracted from the article]

(Bloomberg) -- One of China's most prominent state media outlets attacked Twitter Inc. and Facebook Inc. for closing accounts that the U.S. social media companies said originated in China and were attempting to manipulate news about the protests in Hong Kong. The commentary argued for the right to share unpopular points of view, without mentioning that both Twitter and Facebook are blocked by China's censorship system and cannot be accessed without special software. [Extracted from the article]

(Bloomberg Businessweek) -- Chinese Firms "Starving" for Trash Are Buying Up U.S. Factories Two other Chinese companies recently agreed to buy or build U.S. factories to acquire waste materials, some of which will be bound for the mainland, says Bill Moore, an Atlanta-based paper recycling consultant. But after decades of industrial expansion, China's -forest resources are largely tapped out, says Hannah Zhao, an economist covering recovered paper for RISI Inc., a forest products industry research firm. [Extracted from the article]

Apple Inc. plans to build 2 gigawatts of clean energy projects in China, Chinese news portal the Paper reported. Attribution Reed Landberg: editor responsible Iain Wilson: editor Feifei Shen: by reporter Jason Rogers: editor. [Extracted from the article]

While none of them has defaulted on a public bond, their repayment risk has come under renewed scrutiny after China's state pension fund recently advised asset managers handling its money to sell some notes including those from riskier LGFVs. (Bloomberg) -- China's local government financing vehicles are showing more signs of stress, with a record number of them missing payments for a popular type of short-term debt last month. The eastern Shandong province accounted for 37 of the 140 LGFVs that missed commercial paper payments last month, followed by 21 from Guizhou, its impoverished peer from the southwest. [Extracted from the article]