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The Latest Breaking News from China

Chinese firm to supply Namma Metro coaches after four years of delay

After nearly four years after bagging a contract to supply Namma metro coaches, China-based company China Railway Rolling Stock Corporation will finally supply two trains by August this year.

The Hindu

Micron Technology Faces Headwinds from China

Micron Technology (MU ), the largest U.S. maker of memory chips, is facing a new headwind from China just as the company is recovering from a demand slump. Micron Technology had rallied nearly +40% this year amid optimism the worst is over after memory chip inventories surged following a drop...

Barchart

Germany's new China strategy delayed by policy differences - sources

A new strategy for Germany in its dealings with China faces delays over policy differences within the government, and it will not be in place in time for bilateral talks on June 20, three sources told Reuters.

Reuters

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Safeguarding economy a priority, Dutch foreign minister says in China

Safeguarding the Dutch economy and cyberspace is a priority for the Netherlands, Deputy Prime Minister and Foreign Minister Wopke Hoekstra said in China on Tuesday as Western governments adopt an increasingly defensive stance towards Beijing.

Reuters

Tesla Ships EVs From China To Canada Again: Musk Said Not To US

Earlier reports said Tesla would ship EVs from China to the US, and CEO Elon Musk replied that the reports were false. Now we have another shipment to Canada.

InsideEVs

Livestreamer famed for drinking challenges found dead after downing 7 bottles of spirits

Brother Three Thousand, a livestreamer on China's version of TikTok Douyin, broadcast himself downing bottles of spirits before he was discovered dead several hours later

Daily Mirror

MPs call for probe into Chinese genetics company over pregnancy test data

Politicians have shared concerns after BGI Group, China’s leading genomics company, was blacklisted by the US government.

The Independent UK

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Last emperor of China's watch sells for record $6.2 million in Hong Kong auction

A watch that was once owned by the last emperor of China's Qing Dynasty, whose life formed the basis of the Oscar-winning film "The Last Emperor," sold for a record HK$49 million ($6.2 million) at a Hong Kong auction on Tuesday.

Reuters

Ukraine, China and veiled threats: High-table diplomacy at the G7, and where India stands

In a year that has already seen a slew of summits taking place, with more set to happen over the next few months, the high table of global diplomacy seems full in the midst of various challenges. This has meant a hectic schedule for summit meets.

Newslaundry

Markets Today: Stocks Fall as U.S. Debt Ceiling Deal Remains Elusive

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are down -0.27%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.31%. U.S. stock index futures this morning are moderately lower as U.S. debt ceiling talks continue. President Biden and House Speaker McCarthy called their discussions on...

Barchart

3 Buy-Rated China Stocks to Supercharge Your Portfolio

After lifting its strict pandemic restrictions, the Chinese economy has rebounded strongly, driven by consumer spending. Analysts expect the country to continue growing this year. Given this backdrop, it could be wise to buy promising China stocks Vipshop (VIPS), New Oriental Education & Technology Group (EDU), and Weibo (WB). These…

StockNews.com

China's Xi calls for 'new socialist Tibet' - Xinhua

China's President Xi Jinping on Tuesday called on Tibet to build a prosperous, harmonious and "new socialist Tibet" underpinned by unity and civility, days after Group of Seven (G7) nations expressed concern over human rights in the region.

Reuters

Micron: US expresses ‘serious concerns’ after China bans its largest memory chipmaker

US Department of Commerce ‘engaging directly’ with China over chip ban

The Independent UK

Ukraine to get western support ‘for years to come’, Sunak says

The Prime Minister also warned against a ‘descent into protectionism’ in response to China’s rise at a defence conference in London.

The Independent UK

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Reuters

China scales down rescue effort for missing crew of capsized vessel

China scaled down a rescue effort for crew missing from a capsized fishing vessel, after concluding that very few air pockets remained to keep alive any trapped survivors, state media said on Tuesday.

Al Jazeera

Taipei’s EU envoy: As a democracy, we understand Ukraine’s plight

Al Jazeera interviews Remus Li-Kuo Chen, head of the Taipei Representative Office in the EU and Belgium.

The Independent UK

Watch: Wristwatch owned by last Chinese emperor sold for $5.1m in Hong Kong

A wristwatch once owned by China’s last emperor, Aisin-Gioro Puyi, went up for auction on Tuesday (23 May) in Hong Kong.

France 24

'Nüshu': The secret language of women in China

"Nüshu", or "women's book", is a writing system that was kept secret for centuries. In feudal China – when women were denied an education, bound to their husbands and rarely left their homes – they developed their own language. This written code allowed them to communicate without being understood by…

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The Hindu

It's China's loss, not India's: Union Minister Jitendra Singh on Beijing skipping G20 meeting in Kashmir

According to Union minister Jitendra Singh, China’s absence from the G20 summit in Srinagar makes no difference and is their loss rather than India’s. When asked if the standoff at the eastern Ladakh border was a factor in Beijing’s decision to abstain, Singh responded that the Ministry of External Affairs…

Bangkok Post

Chinese arrested for major fraud, waste smuggling

Four Chinese nationals, two wanted in China in separate major criminal fraud cases and two for smuggling plastic waste, have been arrested in Bangkok and two other provinces.

TechRadar

Microsoft’s Activision Blizzard acquisition approved by Chinese government

The Chinese government has given the green light for Microsoft’s acquisition of Activision Blizzard.

Barchart

Stock Index Futures Move Lower as U.S. Debt Ceiling Uncertainty Weighs on Sentiment, PMI Data in Focus

June S&P 500 futures (ESM23) are down -0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.02% this morning as the U.S. debt ceiling impasse kept risk sentiment fragile, while market participants awaited U.S. business activity data.

Barchart

Stock Index Futures Mixed as U.S. Debt Ceiling Uncertainty Weighs on Sentiment, PMI Data in Focus

June S&P 500 futures (ESM23) are down -0.11%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.02% this morning as the U.S. debt ceiling impasse kept risk sentiment fragile, while market participants awaited U.S. business activity data.

The News Lens

Taiwanese Reporters Denied Press Passes for WHA

The foreign ministry called the incident “a serious violation of a universal human right and the principle of justice for all that the UN aims to embody.”

InsideEVs

China-Based Gotion Unveils 621-Mile Battery, Mass Production To Begin Next Year

With mass production set to begin in 2024, the new battery has already passed all the necessary safety tests and that it can potentially last for up to 4,000 charge-discharge cycles.

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