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The Latest Breaking News from China

Trump claims China wouldn’t send spy balloon over US during his presidency, contradicting US intelligence

Mr Trump asserted there would have never been a Chinese spy balloon under his presidency despite evidence there was

The Independent UK

White House to China: Don't use Taiwan visit as 'pretext'

The White House urged China on Wednesday not to use a "normal" stopover in the United States by Taiwan's president as a pretext to increase aggressive activity against Taiwan.

Reuters

China denounces U.S. Congress for hosting Tibet's leader-in-exile

China accused the U.S. Congress of interfering in its internal affairs on Wednesday by virtually hosting the head of an India-based organization known as Tibet's government-in-exile to speak at a hearing earlier this week.

Reuters

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Crude Oil Erases Early Gains on Signs of a Slowing U.S. Economy

May WTI crude oil (CLK23 ) this morning is down -0.11 (-0.15%), and May RBOB gasoline (RBJ23 ) is down -4.034 (-1.50%). April Nymex natural gas (NGJ23 ) is down -0.020 (-0.99%). Crude oil and gasoline prices this morning fell back from 2-week highs and turned lower on concerns of...

Barchart

China plans to use parachutes to control its rocket debris problem

China is finalizing testing of a parachute system to help control falling rocket debris downrange.

Space

The case against Biden and Trump efforts to boost U.S. industry

A blistering new essay pushes back against the Biden administration's focus on unwinding the U.S. economy from China.

Axios

US aims to counter China's influence in global institutions, Yellen says

The United States is working hard to counter China's influence in international institutions and in lending to developing countries, U.S. Treasury Secretary Janet Yellen said on Wednesday.

Reuters

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America’s $52 billion bet on the chips race can’t succeed without small-business innovation

Biden's CHIPS Act doesn't stipulate a role for SMBs–and their innovations are dying or getting scooped up by countries like China.

Fortune

Mercedes-Maybach EQS 680 SUV Teased Ahead Of April 17 Debut In China

This will be Maybach’s first electric vehicle.

Motor1

The Dalai Lama, reincarnation and China’s mounting Tibet problem

An American-Mongolian boy has been identified as the tenth incarnation of the Khalkha Jetsun Dhampa Rinpoché, the third highest-ranking spiritual leader in Tibetan Buddhism.

The Week

3 Top Electric Vehicle Stocks to Buy, According to Wall Street Analysts

Though electric vehicle (EV) stocks have taken a downturn in the past twelve months, Wall Street analysts are bullish on these three stocks.

Barchart

Could the RESTRICT Act Criminalize the Use of VPNs?

Plus: States consider mandatory anti-porn filters, tariffs create baby formula shortages (again), and more...

Reason

Ukraine's Zelenskyy is 'ready' for Chinese leader to visit

Ukraine’s president invited his powerful Chinese counterpart, Xi Jinping, to visit the war-torn nation

The Independent UK

‘This is very bad for them’: months of leaks rattle Canada’s low-profile spy agency

Allegations of attempted meddling by China put uncomfortable spotlight on publicity-shy CSIS

The Guardian - US

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Sports Illustrated

Peng Shuai’s Condition Is Still Unknown. And the WTA Will Soon Have to Choose: Principle or Profit?

The tour has effectively boycotted China since she went missing 17 months ago—but key decisions on the future schedule loom.

Caixin Global

In Depth: New Business Comes With Old Risks for China’s Struggling Tutoring Industry

Sales of ‘learning tablets’ helped keep companies going after the crackdown on for-profit education, but looming regulation and growing competition show the shift is no cure-all

Caixin Global

Allianz Seeks Bigger Foothold in China’s $3.9 Trillion Mutual Fund Market

The German financial giant has applied with the CSRC to set up a wholly owned fund manager

Financial Times

Binance hid extensive links to China for several years

Company documents show crypto exchange relied on country long after it said it had left in 2017

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news in one place.

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Bangkok Post

Malaysian PM begins China visit

Malaysian Prime Minister Anwar Ibrahim is making his first official visit to China, where he will meet with President Xi Jinping as part of efforts to reinvigorate relations in the post-pandemic era.

Asharq Al-Awsat

Aramco JV HAPCO Breaks Ground on New Refinery and Petrochemical Complex

A ground-breaking ceremony took place on Wednesday for a major integrated refinery and petrochemical complex being developed by Huajin Aramco Petrochemical Company (HAPCO). The joint venture between Aramco (30%), NORINCO Group (51%) and Panjin Xincheng Industrial Group (19%) is developing the complex in the city of Panjin, in China’s Liaoning…

Reuters

Kremlin says it is not Russia's place to advise China's Xi on whether to go to Ukraine

The Kremlin said on Wednesday it was not up to Russia to advise Chinese President Xi Jinping on whether he should visit Ukraine or not.

The Independent UK

China threatens to ‘resolutely fight back’ as Taiwan president begins US trip

US says meeting should not be an excuse to carry out aggressive action against Taiwan

Bangkok Post

Thailand shut out of US democracy summit again

WASHINGTON: Thailand has once more been excluded from US President Joe Biden’s second “Summit for Democracy”, where he is expected to pledge $700 million in funds and a joint alliance against surveillance technology as US concern mounts over China and Russia.

Motor1

Honda Teases Two Electric Prototypes Ahead Of Auto Shanghai 2023 Debut

The two EVs are part of the e:N Series in China.

Axios

Axios Investigates: Chinese activists' names used in bomb threats across U.S. and EU

The journalist and two activists targeted by the harassment campaign believe it is backed by Beijing.

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