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The Latest Breaking News from China

China to join Indonesia's multilateral naval drills despite rising tension

China will send warships to a multilateral naval exercise hosted this month by Indonesia, which has also invited countries such as North Korea, Russia, South Korea and the United States, amid rising tension in the Asia-Pacific region.

Reuters

Tesla CEO Elon Musk visits China amid increased tensions with US

Elon Musk, Chief Executive of Tesla, is making a visit to China this week. As the electric vehicle company's second-largest market and a crucial player in its supply chain, the country holds significant importance for Tesla. After a meeting with the Chinese foreign minister, Musk was reported to have expressed…

France 24

S Korea, Pacific Islands to boost ties after first-ever summit

Inaugural Korea-Pacific Islands Summit comes amid Seoul’s concerns over China’s growing influence in Indo-Pacific.

Al Jazeera

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Kuwait’s Al-Zour refinery delayed over technical glitch, CEO says

Kuwait Petroleum Corporation CEO says outlook for China’s oil consumption ‘encouraging’ despite headwinds.

Al Jazeera

Tesla Roadsters Abandoned In China Get $2M Bid

The $2 million offer was placed on May 30 for the whole lot, throwing shade at the previous highest bid, which amounted to $800,000 for all three vehicles and was placed on May 24.

InsideEVs

U.S. CEOs like Jamie Dimon and Elon Musk travel to China as Sino-American relations worsen

Some of America's top business leaders are visiting China this week, even after the G7 called for a strategy to diversify away from China.

Fortune

Mild recession forecast in UK, as trade deals with Australia and New Zealand worry farmers – as it happened

Higher borrowing costs and tighter lending will slow global growth sharply this year, Moody’s warns

The Guardian - UK

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US says Chinese fighter jet performed ‘aggressive’ manoeuvre over South China Sea

The United States has claimed a Chinese fighter jet flew aggressively close to their reconnaissance aircraft over the South China Sea, forcing the American pilot to fly through the turbulent wake.

Evening Standard

Shanghai Composite Index Fell 0.61% on Wednesday

Shenzhen Component Index closed down 0.7%

Caixin Global

Geely in early talks to enter Thailand EV market

Major Chinese automaker Geely is in the early stages of planning an entry to Thailand's electric vehicle (EV) market, including weighing models for import and local manufacturing, according to two people with knowledge of the discussions.

Bangkok Post

UN says concerned about lack of women in China's top government

An absence of women among China's top leadership is concerning, the United Nations said in a report, as it recommended China adopt statutory quotas and a gender parity system to quicken equal representation of women in government.

Reuters

China's industry minister, Tesla's Musk meet, discuss electric cars

China’s industry minister has met Tesla Ltd

The Independent UK

Asian stocks sink before US Congress votes on deal to avoid debt default

Asian stock markets are lower ahead of a vote by Congress on a deal to avert a government debt default while China factory activity weakened

The Independent UK

India ‘denied visa renewals’ to the last two Chinese state media journalists in the country: WSJ

India and China are “virtually wiping out media access” to each other by ejecting each other’s journalists, the Wall Street Journal reported yesterday. The report alleged India had “denied visa renewals this month to the last two remaining Chinese state media journalists in the country”.

Newslaundry

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The Independent UK

China warns of artificial intelligence risks, calls for beefed-up national security measures

China's ruling Communist Party is calling for beefed-up national security measures, highlighting risks from artificial intelligence

The Independent UK

China factory activity slows, adding to economic strains

A survey shows China’s factory activity has decelerated in May, adding to signs its economic rebound after the end of anti-virus controls is slowing

Reason

When AI poses an existential risk to your law license

Episode 459 of the Cyberlaw Podcast

Al Jazeera

US denounces China’s ‘aggressive’ manoeuvre over South China Sea

The US has accused a Chinese military jet of flying too close to its aircraft, causing dangerous turbulence.

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The Independent UK

US military complains of unsafe, aggressive move by Chinese fighter jet

The U.S. military says a Chinese fighter jet flew aggressively close to a U.S. reconnaissance aircraft over the South China Sea, forcing the American pilot to fly through the turbulent wake

ABC News

ASX tumbles as China slows and inflation rises to 6.8pc, Philip Lowe says interest rate hikes are working — as it happened

The Australian share market falls to a two-month low after China's manufacturing industry contracts and hotter- than-expected inflation raises the chances of a RBA rate increase next month. And RBA governor Philip Lowe faces a grilling at Senate Estimates.

ABC News

Chinese jet carried out 'aggressive' manoeuvre near US military plane, Washington says

Video shows a fighter jet passing in front of the US plane's nose and the cockpit of the RC-135 shaking in the turbulence.

Space

Watch China's Shenzhou 16 astronauts enter Tiangong space station (video)

A new video shows the three astronauts of China's Shenzhou 16 mission entering the Tiangong space station on Tuesday (May 30).

Barchart

Stocks Settle Mixed as Euphoria Over Debt-Ceiling Agreement Fades

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday was unchanged, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.15%, and the Nasdaq 100 Index ($IU XX) (QQQ ) closed up +0.40%. Stock indexes Tuesday settled mixed, with the Nasdaq 100 posting...

Kiplinger

Stock Market Today: Stocks Give Back Big Debt Ceiling Deal Gains

The major benchmarks opened solidly higher Tuesday after lawmakers announced a debt ceiling deal, but optimism faded into the close.

Caixin Global

Xi Calls China’s National Security Situation Complex and Grave

Chinese president tells national security commission that threats have increased and China should accelerate modernization of its systems and capabilities

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