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The Latest Breaking News from China

Chinese President Xi Jinping all set for a rare 3rd term in power, perhaps for life

BEIJING: China's all-powerful President Xi Jinping turned 69 on Wednesday as he is all set to continue in power for an unprecedented third term, defying the 68-year retirement age rule followed by his predecessors.

The Times of India

Congress may regulate U.S. investor activity in China

Want to make a VC or private equity deal in China? The U.S. might soon have a problem with that.

Axios

Russia says West, unlike China, 'shoot themselves in the head' over Ukraine

Russia said on Wednesday that the West had "shot itself in the head" by trying to limit energy imports from the oil and gas fields of Siberia due to the Ukraine conflict, in sharp contrast to China which has increased deliveries of energy.

Reuters

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Alibaba Ropes In Expedia Head As SCMP CEO As It Devotes Former Chief To NFT Spinoff

Alibaba Group Holding Limited's (NASDAQ:BABA) The South China Morning Post (SCMP) roped in Expedia Group, Inc's (NASDAQ:EXPE) Asian head, Catherine So, as its new CEO, Bloomberg reports. So succeeds Gary Liu, who will leave in July to oversee crypto-spinoff Artifacts Lab. The Harvard alumni So, who's also worked at Groupon, Inc (NASDAQ:GRPN), Star TV, and AOL Time Warner,…

Benzinga

Paris Perspective #31: War, peace and the future of the global economy – Steve Killelea

Paris Perspective looks at the state of peace in the world in 2022 on the occasion of the publication of the 16th Global Peace Index. Steve Killelea is the founder and executive chairman of the Institute for Economics and Peace, which publishes the Index.

Radio France Internationale

China's Xi reasserts support for Russia on security issues

Chinese President Xi Jinping has reasserted his country's support for Russia on issues of sovereignty and security in a phone call with Russian leader Vladimir Putin

The Independent UK

Morning Brief: Top Financial Stories Dominating on Wednesday, June 15

Reuters Warner Bros Discovery To Undergo Major Global Ad Sales Team Restructuring

Benzinga

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Tensions heighten in Taiwan Strait as China acts to extend military operations

Xi Jinping signs trial order allowing ‘military operations other than war’ beyond China’s borders

The Guardian - UK

Over 100 CEOs Including Alphabet, Amazon, Microsoft Press For China Competition Bill

A broad coalition of 123 CEOs and senior executives representing major sectors of the American economy and millions of U.S. workers urged Congress to pass legislation to amplify U.S. economic competitiveness, including in chip manufacturing. The Semiconductor Industry Association (SIA), which organized the letter signing, claimed it was the largest group…

Benzinga

In Call with Putin, Xi Says All Sides Should Work to Resolve Ukraine Crisis

Chinese President Xi Jinping told Russian President Vladimir Putin during a phone call on Wednesday that all parties should work towards resolving the crisis in Ukraine "in a responsible manner," Chinese state broadcaster CCTV reported. China has refused to condemn Russia's actions in Ukraine or call them an invasion, and…

Asharq Al-Awsat

Peugeot 408 Teased Ahead Of June 22 Full Debut

It will be sold in Europe and China.

Motor1

China Says It May Have Detected Alien Signals

China says that it may have picked up signs of alien civilizations through its giant Sky Eye telescope.

Benzinga

Was Hong Kong a colony? Not according to new textbooks, a newspaper says

New textbooks contend the territory was never a British colony. The reason: China never recognized the treaties that ceded it to Britain.

WEKU

Forever 21 Takes Third Crack at China with New Bricks and Mortar Store

American fast fashion retailer Forever 21 is making its third tilt at the China market, with plans to open a physical store in the country later this month. The brand said on social media platform WeChat that it would open a store "in June" at Jingjiang Impression City shopping center…

Asharq Al-Awsat

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Asharq Al-Awsat

6 Dead in China as Rain Triggers Landslides, House Collapse

Heavy rain in China has claimed six lives this week and forced the evacuation of some 200,000 people. Five people died in southeastern China, according to state media reports: A house collapse took three lives in Fujian province on Tuesday, and two died Monday in a landslide caused by torrential…

The News Lens

China’s Wavering Position on Russia’s Invasion of Ukraine Threatens Its Legacy at Home and Abroad

Beijing’s official policy has remained ambiguously in support of the Russian cause, but against its consequences.

Reuters

Hong Kong reports 1,047 new coronavirus infections

Hong Kong reported 1,047 new COVID-19 infections on Wednesday, the first time the daily tally has topped 1,000 since mid-April, as cases crept up ahead of celebrations of the 25th anniversary of the city's handover to mainland China.

Reuters

Chinese capital has reported 327 COVID cases linked to bar - health official

China's capital Beijing has reported a total of 327 COVID cases linked to a bar as of Wednesday afternoon, a health official said.

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The Independent UK

6 dead in China as rain triggers landslides, house collapse

Heavy rain in China has claimed six lives this week and forced the evacuation of some 200,000 people

Benzinga

Joe Biden Could Ease Trump-Era Tariffs On China To Tame Inflation

President Joe Biden is considering rolling back some tariffs imposed on Chinese goods during the term of former President Donald Trump as the United States grapples with inflation.

The Hindu

'I will solve India-China dispute in my lifetime' approach won't work, says Ram Madhav

“Don’t be in a hurry for a (Indo-China border) solution... Don’t be too much after legacy that it should be solved in my lifetime,” says Ram Madhav

Asharq Al-Awsat

China COVID Controls Makes Apple Supplier Pegatron ‘Emphasize’ Expansion Elsewhere

China's recent lockdowns to control the spread of COVID-19 have made Apple Inc iPhone assembler Pegatron Corp "emphasize" its expansion in other countries, a senior executive at the Taiwanese firm said on Wednesday. In April, Taiwan-headquartered Pegatron suspended operations at its Shanghai and Kunshan plants in China due to strict…

The Hindu

India jumps 6 places to 37th rank on IMD's World Competitiveness Index

Denmark has moved to the top of the 63-nation list from the third position last year

The Guardian - UK

ECB to devise new tool to help indebted countries as markets await Fed rate rise – as it happened

Investors wait to see how aggressive US Federal Reserve will be in raising rates; Italian bond yields tumble, euro and stocks rise as ECB holds surprise meeting

Caixin Global

Shanghai Composite Index Rose 0.5% on Wednesday

Shenzhen Component Index closed up 0.95%

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