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The Latest Breaking News from China

This month, China released official statistics showing that its unemployment rate for young people (16-24 years old) reached a record high of 20.4% in April. Worse, the news comes just one month before another 11.6 million students will graduate from college and vocational schools and enter the job market.

Bangkok Post

PM issues summit warning, against tense US China backdrop

Prime Minister Anthony Albanese is set to visit Hanoi as Vietnam seeks closer trade, investment and people ties with Australia.

The New Daily

Another China Development Bank Ex-Official Comes Under Probe

Graft busters focus on Mao Juncai, former president of top policy lender’s Shanghai branch, adding to a long list of scandals

Caixin Global

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Elon Musk Speaks At Tesla's Giga Shanghai, Raves About Positive Energy

Tesla CEO Elon Musk is a huge fan of his Tesla China team and employees. Before leaving China, he headed to the factory to give them the utmost praise.

InsideEVs

China's snub of U.S. military leader highlights escalation risk

Brief smiles and handshakes by U.S. and Chinese military leaders at a luxury hotel in Singapore on Friday belie a deep freeze in communications between the two armed forces that is becoming a growing worry at the Pentagon.

Reuters

Lululemon’s Unusual Options Activity Is Worth a Look

Lululemon reported Q1 2o23 earnings Thursday after the close. Like a broken record, LULU continues to underpromise and overdeliver. Up more than 12% in Friday trading, here's why you want to look closely at the apparel brand’s unusual options activity.

Barchart

North America Is Now The Fastest-Growing Battery Manufacturing Hub

North America surpassed Europe in 2022 in battery manufacturing prowess, but it still lags way behind China.

InsideEVs

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Tesla Model Y Long Range In Canada Is Now Officially Chinese Import

If you buy a Tesla Model Y Long Range in Canada now, it will likely be coming to you overseas from Tesla's Giga Shanghai factory.

InsideEVs

US-China war not inevitable, Albanese says, urging countries to ‘prevent a worst-case scenario’

Prime minister also seeks to reassure regional nations wary about Australia’s reasons for acquiring nuclear submarines under Aukus pact

The Guardian - AU

WTA releases updated 2023 calendar with Chinese events

The governing body of women's tennis revealed its calendar on Friday for the latter part of 2023, including the resumption of operations in China. As part of the calendar, China will host a WTA 1000 tournament in Beijing in September, marking the return of top-tier women's tennis to the country.

The Times of India

US CIA chief Burns visited China in May

CIA director William Burns visited China last month for talks with Chinese counterparts, two U.S. officials said on Friday as Washington seeks to boost communications with Beijing.

Reuters

US does not need to boost nuclear arsenal to deter Russia, China

The United States does not believe it needs to increase the size of its own nuclear arsenal in order to deter the combined forces of Russia, China and other rivals, White House national security adviser Jake Sullivan said on Friday.

Reuters

Asia security summit begins amid US-China tensions

The Shangri-La Dialogue attracts military officers, diplomats, arms makers and security analysts from around the globe.

Al Jazeera

U.S., China defense chiefs shake hands at security summit, but no 'substantive exchange'

U.S. Defense Secretary Lloyd Austin shook hands with China's Minister of National Defense Li Shangfu on the sidelines of a security summit in Singapore but the two did not have a "substantive exchange," the Pentagon said on Friday.

Reuters

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RideApart

CFMoto Unveils The CLC 450 Bobber In China

CFMoto has launched the CLC 450 Bobber in China, with a global launch anticipated in the near future.

The Conversation

Dialogue is vital 'guardrail' in dealing with China, Albanese tells international security forum

Prime Minister Anthony Albanese has told a regional security forum that dialogue is a vital “guardrail” in dealing with China, and praised US President Joe Biden’s effort to establish “reliable and open” US-China channels of communication.

Newslaundry

Indian journalists in China face restrictions, no curbs on Chinese journalists: MEA

All foreign journalists, “including Chinese journalists”, have been engaging in journalistic activities in India “without any limitations or difficulties”, said the ministry of external affairs, even as it pointed out that Indian journalists in China have been facing “certain difficulties”.

ABC News

Anthony Albanese urges China and US to reopen high-level communication channels to prevent conflict

Tensions have again been rising between Beijing and Washington, prompting the prime minister to use his keynote address at a peak regional security summit to call for improved dialogue between the two powers as a precondition for peace.

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Reuters

China, Argentina agree to jointly promote 'belt and road' initiative

China has signed a cooperation agreement with Argentina on promoting the joint construction of the 'Belt and Road Initiative', China's state planner said on Friday.

Reuters

NATO official calls for transparency over nuclear weapons

A senior NATO official on Friday urged Beijing to be more open about its accelerating nuclear weapons build-up, saying that as a global power, China had a responsibility to improve transparency.

Zenger

Tesla And Buffett-Backed BYD Lead EV Revolution, Leaving Japanese Automakers In The Dust: Report

Tesla and BYD are the leaders of the ZEV transition with Tesla a few steps ahead of its Chinese rival

The Hindu

India asks China to facilitate journalists after recent expulsions

The friction between India and China resurfaced this week after Beijing refused to renew the visa of one of the two remaining Indian journalists in China

The New Daily

The Ferguson Report: China’s crackdown on crack-ups is Sino the times

China's cancellations include foreign speakers, stand-ups and, thankfully, modern jazz.

InsideEVs

Rumors Of Tesla Model 3 Revamp Reveal Die Out As Musk Ends China Trip

Musk wrapped up his two-day China visit after meeting high-ranking state officials and stopping by Giga Shanghai, but Project Highland was nowhere to be seen.

The Independent UK

Beijing expresses outrage after US agrees ‘comprehensive’ trade deal with Taiwan

Washington says trade agreement will ‘strengthen and deepen the economic and trade relationship’ with Taiwan

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