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The Latest Breaking News from China

China Pushes Largest-ever Expansion of Nuclear Arsenal

China is pushing ahead with the largest-ever expansion of its nuclear arsenal, modernizing the atomic deterrent with an eye on any future conflicts with the United States, experts say. The SIPRI think tank estimates that China has a stockpile of around 350 nuclear warheads -- small fry when compared with…

Asharq Al-Awsat

US, Filipino forces show power in drills amid China tensions

Thousands of American and Filipino forces have used a barrage of high-precision rockets, airstrikes and artillery fire in their largest war drills in Philippine waters facing the disputed South China Sea that would likely antagonize China

The Independent UK

China to scrap PCR test requirement for inbound travelers

Travelers entering China will no longer need to provide a negative PCR test result starting from Saturday

The Independent UK

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Taiwan military drills to focus on combating blockade of island

Two-stage Han Kuang drills start next month amid heightened tension across the strait after recent China war games.

Al Jazeera

China, Russia sign memorandum of understanding on maritime law enforcement

China and Russia signed a memorandum of understanding on strengthening maritime law enforcement cooperation, Chinese state media said on Wednesday.

Reuters

Japan's Honda outlines global strategy for electric cars

Honda is gearing up for an electrification shift in North America with two models developed with General Motors going on sale next year, and a bigger EV with a new platform in 2025, a year earlier than initially announced

The Independent UK

Risk of ‘tragic miscalculation’ in China’s military secrecy: UK

Foreign minister also warns on Taiwan, Xinjiang but says countries must work with China on world’s pressing problems.

Al Jazeera

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Biden to visit Japan, Australia for meetings with allies

President Joe Biden will visit Japan and Australia next month to huddle with allies on their continued response to Russia’s invasion of Ukraine as well as ways to confront China’s assertive economic and military moves in the Indo-Pacific region

The Independent UK

Chizuko Ueno: the Japanese writer stoking China’s feminist underground

Ueno’s books are hugely popular in China, where a crackdown on large-scale organising has stifled a nascent feminist movement

The Guardian - AU

Isolating China would be sign of weakness, says Cleverly

The Foreign Secretary also warned that if Beijing invaded Taiwan, it would destroy world trade.

The Independent UK

If China invaded Taiwan it would destroy world trade, says James Cleverly

UK foreign secretary warns a war across Taiwan strait and likely destruction of semiconductor industry would have global effects

The Guardian - UK

Texas Senate passes bill limiting farmland sales to China, other countries

The amended bill is a dramatically watered-down version of an earlier proposal that sought to ban land and home purchases by citizens of China and three other countries.

The Texas Tribune

Michael Pascoe: The defence review written before it was started

The National Defence Statement 2023 is nothing if not predictable, quickly rubber stamping the nuclear-powered submarines.

The New Daily

China Maps Out Plan to Bolster Foreign Trade

State Council vows streamlined visas, faster international flight resumption and better services for trading companies in push to bolster exports

Caixin Global

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France 24

The second coming of Lula: Brazil's president in superpower balancing act

Which Lula is it this week? In Lisbon, Brazil’s president charmed his hosts in a speech before the Portuguese parliament to mark nearly half a century since the Carnation Revolution that ended the dictatorship there. Lula had raised eyebrows with his recent visit to China, where he accused the US…

InsideEVs

Tesla Launches Non-Tesla EV Supercharging Pilot In China

Tesla has just expanded its Non-Tesla Supercharger Pilot program to China, where for the very first time other electric cars can use Tesla Superchargers.

The Independent UK

More sanctions for deadly fentanyl if bill wins passage

Over the course of a year, the U.S. Treasury Department has used the hammer of its sanctions powers to impose wide-ranging financial restrictions on Russia in response to its invasion of Ukraine, turning Russia into the most sanctioned country in the world

Tom’s Hardware

SK Hynix May Sell Yet-to-Be Completed Chinese Fab: Report

Market uncertainties and possible problems with U.S. authorities are making SK Hynix rethink its China strategy. Being unable to equip its upcoming fab in China, SK Hynix is now mulling selling off the building before moving tools in.

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The Conversation

Pentagon leaks suggest China developing ways to attack satellites – here’s how they might work

The recent leak of Pentagon documents included the suggestion that China is developing sophisticated cyber attacks for the purpose of disrupting military communication satellites. While this is unconfirmed, it is certainly possible, as many sovereign nations and private companies have considered how to protect from signal interference.

The Conversation

Global economic uncertainty means oil prices -- and your fuel bill -- will continue to surprise this year

Oil prices have confounded expectations in the first quarter of 2023. Brent – a major global benchmark – hit a low of US$72 (£58) a barrel on March 17, while the world’s other main benchmark, WTI, dropped to less than US$66 a barrel. This is a far cry from the…

Asharq Al-Awsat

Chinese Fast-Fashion Giant Shein Aims to Be More Sustainable

Chinese fast-fashion retailer Shein plans to become more focused on sustainability, Executive Vice Chairman Donald Tang said on Tuesday, adding that consumers are no longer just concerned about affordability. Shein sells $10 dresses and $5 tops and has taken market share from other affordable fashion retailers. The company produces clothing…

Space

China tests heat-to-electrical power converter on Tiangong space station

Astronauts aboard China's Tiangong space station have been testing out ways to convert heat into electrical power.

Nottingham Post

'Disappointment' as Nottingham City Council says it won't end relationship with Chinese city

Other areas of the UK have ended their relationships with China amid human rights concerns

Barchart

Markets Today: Stock Index Futures Slide as Regional Bank Stocks Fall

Morning Markets June S&P 500 futures (ESM2 3) this morning are down -0.43%, and June Nasdaq 100 E-Mini futures (NQM2 3) are down -0.40%, both at 1-1/2 week lows. U.S. stock index futures this morning are sliding on weakness in regional bank stocks after First Republic Bank reported smaller-than-expected Q1...

StockNews.com

3 Chinese Stocks Taking a Hit Amidst Regulatory Crackdowns in China

The regulatory tightening in China, which started in late 2020, intensified in terms of duration and scope. The Chinese government issued antitrust and antimonopoly laws, putting significant pressure on stocks. Hence, investors could consider avoiding fundamentally weak Chinese stocks The9 Limited (NCTY), Recon (RCON), and ZW Data (CNET), which are…

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