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The Latest Breaking News from China

Milk Producer AustAsia Makes Fresh IPO Pitch, with Client Backing

Key Takeaways: AustAsia has tweaked the wording of its profile in the new IPO prospectus, dropping the phrase “largest independent” dairy producer from its description With milk production costs rising and prices falling, the company is projecting a drop in annual profit By Emily Chan

Benzinga

New Oriental Emerges from Carnage of Education Cleanup

Key Takeaways: New Oriental Education returned to profitability in its latest reporting quarter, as its revenue declines continued to ease The company’s new business mix after China banned K-12 tutoring in core curriculum areas includes non-academic tutoring and study abroad services By Doug Young

Benzinga

Withdrawal of study highlights tension in US intel community

A team of CIA experts that studied lessons learned from the contentious 2020 vote had to unexpectedly withdraw its study after getting pushback from rank-and-file intelligence officers

The Independent UK

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Electric Vehicles Hit 35% Market Share In China In September: What Investors Should Know And Who's Winning

While the U.S. continues to push forward on electric vehicle adoption, other countries are racing ahead in terms of the percentage of EVs compared to traditional automobiles. China hit a 35% market share for new electric vehicles in the month of September. Following is why it's important and what companies are…

Benzinga

Police investigate claim of secret Chinese police stations in Canada

RCMP looking into ‘reports of criminal activity’ surrounding facilities allegedly used to put pressure on Chinese nationals abroad

The Guardian - US

Pentagon: Despite Russia's war, China still top threat to US

A new U.S. defense strategy says China remains the greatest security challenge for the United States despite Russia’s ongoing war in Ukraine

The Independent UK

China willing to deepen relationship with Russia, says senior diplomat

China is willing to deepen its relationship with Russia in all levels and any attempt to block the progress of the two nations will never succeed, China's senior diplomat Wang Yi said on Thursday.

Reuters

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China accused of using overseas bases to target dissidents

China has reportedly established dozens of “overseas police stations” in nations around the world as part of Beijing’s crackdown on corruption

The Independent UK

Dad eats live crab in revenge after it pinched daughter - becomes violently ill

It was only after Lu's wife told doctors that he devoured the live crab from a stream by his house in retribution that they understood the severity of his condition

Daily Mirror

Elon Musk & Philippine Billionaire Come Together For Satellite Internet Service In Southeast Asia, Disney May Track Your Theme Park Preferences, Struggling Credit Suisse Reveals Business Overhaul: Top Stories Thursday, Oct. 27

Benzinga

Italy will not be dependent on China, minister says

Italy will not be dependent on Chinese trade or technology and will safeguard any sector deemed as strategic, the new industry minister said on Thursday.

Reuters

Site of Covid outbreak Wuhan plunged into lockdown three years after first case

Wuhan in China - which was the site of the world's first Covid-19 outbreak in late 2019 - has reported around 20 to 25 new infections a day this week

Daily Mirror

China shows off robot dog armed with machine gun dropped by drone into battle

In a video shared on China's Weibo social media, the "Kestrel Defense Blood-Wing" account showed a drone dropping off the killer robot on the roof of a building

Daily Mirror

Climate change: World 'hurtling' towards Paris target overshoot, UN emissions report warns

The world is headed for "economy-destroying levels of global heating" as signatory countries to the Paris Agreement fail to commit to more ambitious emissions reduction targets, the UN's latest emissions report warns.

ABC News

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The Guardian - UK

We need to talk about Xi Jinping: G7’s discord over powerful trading partner

Disagreements have opened up about strategy when China is also seen as an existential threat

Reuters

China to revise women's protection law for first time in decades

Legislation aimed at giving women in China more protection against gender discrimination and sexual harassment at work was submitted to China's parliament on Thursday after a third revision and extensive public input.

The Guardian - UK

First Thing: Climate crisis funds ‘not delivered’ to countries in grave need

With famine in Somalia almost inevitable, $100bn a year pledge criticised. Plus, China is locking down parts of Wuhan again

The Independent UK

MPs say China’s ‘secret police stations’ in UK must be investigated

At least 54 ‘overseas police service centres’ are operating in 21 countries, says NGO report

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The Independent UK

Hard-drive maker Seagate Tech faces China sanctions warning

Seagate Technology says the U.S. Department of Commerce has warned it may charge the computer hard-drive maker with violating restrictions on exports of high-tech products to China

The Independent UK

China's Huawei says revenue down 2.2% so far this year

Figures reported by Chinese tech giant Huawei indicate its revenue rose in the latest quarter as infrastructure sales helped to offset damage to its smartphone business from U.S. sanctions

Reuters

Chinese authorities ask: Dear newlywed, when's the baby arriving?

An online post about a newlywed in China, who was rung up by her local government asking if she was pregnant, garnered tens of thousands of comments on Thursday before being removed, with many netizens saying they had experienced similar calls.

Axios

In angry email, China denounces "despicable" Senate bill to sanction Xi

Sen. Josh Hawley proposed sanctions on Xi over Xinjiang.

Bangkok Post

Southeast Asian coconuts gain popularity in China

As a coconut lover, Zhuang Yong buys coconuts imported from Thailand in various ways, including daily shopping, online purchase, and exhibition sales.

Foreign Policy

How Putin and Xi Are Trying to Break Global Human Rights

In their own way, Russia and China are threatening the world’s system for defending human rights.

Reuters

Russia's Sechin says Taiwan will return to China 'on schedule'

Igor Sechin, chief executive of Russian oil giant Rosneft and one of Vladimir Putin's closest allies, on Thursday heaped praise on China's leaders and said Taiwan would return to its "native harbour" on time.

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