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The Latest Breaking News from China

Defence investigates 'alarming reports' RAAF pilots could be lured to work for Chinese military

Australia is following the United Kingdom in investigating whether retired defence pilots have been lured with lucrative contracts to help train the Chinese military in air warfare.

ABC News

Alibaba, Nio Fall: Hang Seng Opens Lower Ahead Of Hong Kong Leader John Lee's Policy Speech

Hong Kong stocks opened in the red on Wednesday, with the benchmark Hang Seng opening 0.42% lower ahead of a key speech by the city’s leader John Lee.

Benzinga

What do US curbs on selling microchips to China mean for the global economy?

Washington’s ban on hi-tech exports to China marks a huge gambit for economic supremacy for the next decades

The Guardian - UK

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Chinese Stocks Jump Following Xi’s Bullish Comments On Tech, Emphasis On Supporting Market

China's stocks jumped Monday morning after China's President Xi Jinping suggested easing the long-lived crackdown.

Zenger

Analysis-Japan rushes to rearm with eye on 2027 - and China's Taiwan ambitions

Between China's 20th Communist Party Congress, that began Sunday, and the next one in 2027, Japan will undertake its biggest arms buildup since World War Two in a race to deter Beijing from war in East Asia, according to Japanese government officials and security analysts.

Reuters

Coal projects outside China becoming ‘uninsurable’, says climate group

As big firms stop insuring coal, complex schemes unlikely to find expertise needed, says Insure Our Future

The Guardian - UK

Covid policy delays return of Chinese

Even with relaxed rules for foreign-invested travel agencies in some provinces and municipalities in China to conduct outbound tourism, the continuation of the zero-Covid policy means tour operators in Thailand might have to wait until the end of next year for the return of this market.

Bangkok Post

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Is the zero-Covid policy in China worth the cost?

Before Covid-19 vaccines were developed and distributed, China's strict approach to controlling the virus resulted in fewer deaths and a much lower death rate per million people than in many other countries. But while these successes were impressive in late 2020 and early 2021, effective vaccines and treatments have become…

Bangkok Post

As dollar spikes, can China win the 'currency war'?

With the Federal Reserve maintaining high-intensity rate hikes, the currencies of China, Japan, and South Korea, all major Asian economies, have been more or less affected to varying degrees, and are under increasing pressure of depreciation. The exchange rates of the Chinese renminbi (with the offshore exchange rate as a…

Bangkok Post

Report: Theme park attendance was a roller coaster in 2021

Last year was a roller coaster ride for theme parks worldwide, with U.S. water parks approaching pre-pandemic levels and parks in China struggling with lockdowns

The Independent UK

Senior Chinese diplomat reveals contents of letter sent to GMP and releases CCTV footage of consulate violence

Consul-general, Zheng Xiyuan, reveals to the M.E.N. contents of a letter written to Greater Manchester Police

Manchester Evening News

New Drugs Approvals Bring No Relief for Ailing Innovent Bio

Key Takeaways: Innovent Bio has brought several drugs to market in recent years, including two announced last week, but is still losing money with no profits in sight The company has overhauled its commercialization model and is doing more licensing partnerships with multinationals to expand its drug pipeline By Molly…

Benzinga

US needs to rebuild Latin American alliances as Russia grows global pro-war power base

As Russia builds a closer alliance with China, Iran and North Korea, a new alliance in the western hemisphere seems overdue. The US, however, faces a two-pronged challenge: how to balance first Russia in Europe, and second, China in Latin America and the Caribbean.

The Conversation

Volkswagen Group Global BEV Sales In Q3 2022: 149,300 (Up 22%)

Volkswagen Group all-electric car sales improved in Q3 to 149,300 (up 22.3% year-over-year), which is about 6.8% of the total volume.

InsideEVs

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Newsroom.co.nz

Three lessons for New Zealand from the Ukraine war

States that do not invest in military power would be wise to tool up. And there will be much less room for alliance free-riders – this has obvious implications for Anzac.

The Independent UK

India-led alliance bats for diverse solar energy market

For countries to transition away from fossil fuels and toward cleaner energies like solar power, supply chains for components need to be more geographically diverse, officials during a conference on solar energy in New Delhi said on Tuesday

Daily Mirror

Tragedy as 370 dogs and cats die on China 'death truck' amid brutal meat trade

The nightmarish incident occurred on a vehicle crammed with a total of 1,408 animals being trafficked as part of the meat trade - with 718 dogs in total believed to have been former pets stolen from their homes

The Guardian - UK

The Manchester consulate attack shows how China is flexing its muscles abroad

Hongkongers need reassurance from Britain that attacks on pro-democracy activists will not go unpunished, says activist Nathan Law

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Benzinga

After Xi Jinping Boosts China's Tech Sector, Here's Why Nio Stock Could Stage Large Reversal

Nio Inc. (NYSE: NIO) was surging over 5% in the premarket Tuesday after a bullish Monday caused the stock to rally 3.91%.

Evening Standard

China accuses protesters of ‘illegally entering’ Manchester consulate following attack

Scuffles broke out on Sunday outside the building in Rusholme

The Guardian - UK

OFM Awards 2022: Lifetime Achievement – Shun-Bun Lee

The chef and restaurateur has been at the heart of London’s Chinatown for decades, offering advice and support to generations of Britain’s Chinese community

Manchester Evening News

Foreign Secretary to 'demand explanation' from China after violence at protest outside consulate in Manchester

Police said a man was dragged into the consulate grounds and assaulted - an investigation is ongoing

The Times of India

Russia leans on India, Turkey, China for oil sales before EU ban

The three countries that helped Moscow to maintain crude exports in the wake of its invasion of Ukraine appear to be stepping back into the market for Russian barrels, with Turkey taking a lead role in the latest buying.

The Independent UK

Beijing ‘on a much faster timeline’ to annex Taiwan, US says

Blinken warns China could use ‘coercive’ and ‘forceful’ means to hasten reunification process

Al Jazeera

UK seeks to prevent military pilots from training China’s army

The move comes after a report claimed up to 30 former pilots had gone to train members of the Chinese army.

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