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The Latest Breaking News from China

International students resorting to pitching tents in living rooms as rental shortage bites

When Zoe Jiang was at home in China, packing her bags to stay in Sydney, she did not think to bring an item that would prove essential — a tent.

ABC News

India will overtake China as the world's biggest nation, but is it ready to be the next global superpower?

India will soon replace China as the world's most populous country. It's a once-in-a-lifetime opportunity to become a global superpower, but India will need to carefully manage the boom without revisiting its dark history of population control.

ABC News

Starting to sting? Putin denounces sanctions as oil revenues contract

Are those sanctions starting to bite? On the surface, it's business as usual for a Russia that on Saturday took over the rotating presidency of the UN Security Council and still enjoys plenty of support from the likes of China. But last week, President Vladimir Putin for the first time…

France 24

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US House Speaker McCarthy to meet Taiwan president Tsai this week

Kevin McCarthy’s office confirms he will meet Tsai Ing-wen in California on Wednesday despite Beijing’s warnings.

Al Jazeera

The Swiss holes in anti-Aukus rhetoric

The New Zealand public deserves a debate over growing militarisation in our region, and what it would mean to become a "Switzerland of the South Pacific".

Newsroom.co.nz

Chinese surveillance balloon picked up intelligence from US military sites: report

China managed to pick up information from U.S. military sites using the large surveillance balloon that American officials shot down in early February, according to a new report.

Tribune News Service

Crude Prices Surge as OPEC+ Cuts Production

May WTI crude oil (CLK23 ) this morning is up +4.71 (+6.22%), and May RBOB gasoline (RBJ23 ) is up +8.93(+3.33%). May Nymex natural gas (NGK23 ) is down -0.122 (-5.51%). Crude oil and gasoline prices this morning are sharply higher, with crude posting a 2-1/4 month high and gasoline...

Barchart

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Crude Oil Found a Bottom

In 2022, the U.S. sold an unprecedented level of its Strategic Petroleum Reserve, sending the SPY to the lowest level since December 1983. The sales weighed on crude oil but appeared to have set a floor under the energy commodity that continues to power the world.

Barchart

Buy or Sell: 2 Chinese Automakers Stocks Post Monthly Deliveries Reports

Rising auto prices amidst the recessionary fears might create hurdles for the U.S. auto industry this year. Moreover, given the rise in conflict between U.S. and China, avoiding fundamentally weak Chinese auto stocks NIO (NIO) and XPeng (XPEV) could be a wise decision despite their stable monthly deliveries in March.…

StockNews.com

Could China be preparing to invade Taiwan?

A record number of Chinese warships have been spotted in the waters around Taiwan as tensions continue to escalate between the breakaway nation and mainland China.

The Week

Mongolia: squeezed between China and Russia fears 'new cold war'

Mongolia’s prime minister, Luvsannamsrain Oyun-Erdene, recently expressed his country’s fear that the world is heading towards a new cold war as the relations between Russia and China and the west – particularly Nato – have taken a turn for the worse. “It’s like a divorce,” he said. “When the parents…

The Conversation

Ai Weiwei finds peace in Portugal: ‘I could throw away all my art and not feel much’

As he eases into farmhouse life, the artist is preparing for an epic design show that will feature 200,000 spouts from broken teapots and jugs. He talks about Chinese might, western jealousy – and his urge to spend

The Guardian - UK

US House Speaker to Host Taiwan President on Wednesday in California

US House Speaker Kevin McCarthy will host a meeting in California on Wednesday with Taiwan's President Tsai Ing-wen, his office said, part of a sensitive US stopover that has drawn Chinese threats of retaliation. China, which claims democratically ruled Taiwan as its own territory, has repeatedly warned US officials not…

Asharq Al-Awsat

China: Plug-In Car Sales Reached 33% Market Share In February 2023

Plug-in electric car sales in China substantially increased in February, which is a positive sign after the slowdown in January.

InsideEVs

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The Independent UK

Chinese spy balloon sent data about US military sites back to Beijing before Pentagon could stop it

US officials say the balloon’s capabilities weren’t any more sophisticated than China’s existing fleet of spy satellites

Al Jazeera

Philippines announces locations of 4 bases to be used by US army

One site is near the hotly disputed South China Sea and another not far from Taiwan.

The Guardian - US

Chinese balloon gathered intelligence from sensitive US military sites – report

Huge balloon was able to send information back to Beijing in real time as it was flown above US territory, NBC News reports

Caixin Global

Fisher: The Market Torpedoes That Could Sink Chinese Shares

Geopolitics, cryptocurrency and a slowdown in bank lending are less talked-out risks that could put a dent in the domestic stock market

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Caixin Global

Hong Hao: Caixin China Manufacturing PMI Doesn’t Actually Disappoint

It doesn’t make much sense to compare the gauge to China’s official indexes as it is more focused on the export sector and small and midsize enterprises

Reuters

Philippines reveals locations of 4 new strategic sites for U.S. military pact

The Philippines identified on Monday four more of its military bases that the United States will get access to, almost doubling the number included in a defence agreement that seeks to advance a decades-old alliance between them.

Bangkok Post

Philippines announces 4 more military bases US troops can use

The Philippines announced Monday the location of four additional military bases to be used by US troops, with one site near the hotly disputed South China Sea and another not far from Taiwan.

Caixin Global

Editorial: To Ease Anxiety in the Private Sector, Follow the Rule of Law

A government document sparking controversy over whether businesses and executives are getting special treatment highlights a perception of arbitrariness in the judicial system that needs to be set right

Caixin Global

Caixin China New Economy Index Shrinks on Decline in Capital Investment

The gauge that tracks the size of high value-added industries such as biotech dropped 1.2 points to 28.3 in March

Fortune

U.S.-China tension is a C-suite hot topic

The growing animosity between the U.S. and China continues to be a hot topic in C-suites and board rooms.

The Independent UK

Philippines names 4 new bases for US forces amid China fury

The Philippine government has identified four new local military areas where rotational batches of American forces with their weapons will be allowed to stay indefinitely despite strong objections from China

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