Katyusha News Reference ——March 29, 2021

Ⅰ. The New Federal State of China News

1. A leaked draft of the joint report from the WHO and China, first reported Monday by the Associated Press, says it’s “extremely unlikely” that the coronavirus escaped from a lab. But both Republicans and Democrats are slamming the report as biased because of the Chinese Communist Party-led government’s role in the investigation after party officials covered up early case data before the virus spread abroad.

2. The Biden administration announced on Monday that “experts” from a range of federal agencies and scientific fields would review the controversial WHO-China report on COVID-19’s origins as the Biden team continues expressing its “ongoing concerns” about how the study was conducted.

3. Russia’s RDIF sovereign wealth fund and China’s Shenzhen Yuanxing Gene-tech have agreed to produce over 60 million doses of Russia’s Sputnik V vaccine against COVID-19 in China, RDIF said on Monday.

4. The Oscars will not be shown in Hong Kong for the first time in more than half a century, its local broadcaster confirmed on Monday, as doubts remained over whether Hollywood’s top awards will air in mainland China.

5. Index provider FTSE Russell gave final approval on Monday for inclusion of Chinese sovereign bonds in its flagship bond index, Chinese government bonds (CGBs) will be included in the FTSE World Government Bond Index (WGBI) from the end of October and will be phased in over three years, FTSE Russell said in a statement.

6. Senator Tom Cotton, R-Ark., explained to Fox News Monday why he still believes COVID-19 originated from an “accidental breach” at a laboratory in Wuhan, China after a draft World Health Organization report states the virus likely passed from animals to humans.

7. A meeting with North Korean leader Kim Jong Un is not among the options U.S. President Joe Biden currently plans to pursue in diplomacy with Pyongyang, White House spokeswoman Jen Psaki said on Monday. Secretary of State Antony Blinken said Monday that the “destabilizing ballistic missile launches are subject to our condemnation,” reiterating the U.S. position that the launches violated multiple U.N. Security Council resolutions.

8. China’s top legislature approved amendments to Hong Kong’s constitution on Tuesday that will give Beijing more control over the makeup of the city’s legislature.

9. Exports in this sector are on track to hit $226 billion for the fiscal year, Australia’s Department of Industry, Science, Energy and Resources announced Monday. Exports of iron ore are expected to jump 31% on the year to AU$136 billion, according to the release. The forecasts show how closely Australia’s commodity-driven economy remains linked to its biggest export market, even with the confrontation with the CCP over the origin of the new coronavirus.

10. Starts from May, Russia’s RDIF sovereign wealth fund and China’s Shenzhen Yuanxing Gene-tech have agreed to produce over 60 million doses of Russia’s Sputnik V vaccine against COVID-19 in China. This will enough for 30 million people’s vaccine supplements.

II. World News

1. Japan and the U.S. plan to affirm the importance of stability in the Taiwan Strait when Prime Minister Yoshihide Suga visits Washington next month for a summit with President Joe Biden. The two sides are in discussions to include the passage on Taiwan in a joint statement after the summit. Both countries intend to take a unified stance opposing China’s new law empowering the coast guard.

2. U.S. Trade Representative Katherine Tai on Monday announced the immediate suspension of all U.S. engagement with Myanmar under the 2013 Trade and Investment Framework Agreement until the return of a democratically elected government.

3. In an exclusive interview with the media on Monday, Pompeo insisted he is not thinking much at all about 2024. Instead, he says he’s intently focused on next year’s midterm elections, to make sure the GOP has a big comeback and takes control of both Houses. “I’m going to occupy my time in the fight making sure we retake the House and hopefully the Senate as well come 2022,” he told

4. The traffic caused by the massive container ship getting stuck in the Suez Canal will impact the movement of US military vessels, the Pentagon said in a statement. The statement continued by noting that the military had methods by which it could work around any problems that arose as a result of the situation.

5. Pakistani President Arif Alvi twittered on Monday that he had been diagnosed positive to Covid-19. Alvi received the first dose vaccine which developed by Sinopharm Group of Chinese Communist Party on Mar 15, it was triggering local public concerns on the CCP vaccine.

6. Satellite images show North Korea preparing to roll out secretive ballistic missile submarine. The submarine is undergoing launch preparations at North Korea’s Sinpo shipyard, according to The Telegraph.

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