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The Latest Breaking News from China

Is Government Intervention Required To Drive EV Adoption? What The US, EU And China Are Doing

By 2030, EV adoption in the US could range from 20% to 55% and government regulation may be the most significant change agent in this development, according to BofA Securities.

Benzinga

UN human rights chief to forgo second term amid China trip criticism

Michelle Bachelet, strongly criticised over Xinjiang visit, cites personal reasons for decision

The Guardian - UK

Gracell Reveals Encouraging Data From Pretreated Multiple Myeloma Patients

Gracell Biotechnologies Inc (NASDAQ:GRCL) announced the updated clinical data on GC012F, an autologous CAR-T therapeutic candidate dual-targeting B-cell maturation antigen (BCMA) and CD19, for relapsed/refractory multiple myeloma (RRMM). From October 2019 to January 2022, 29 heavily pretreated patients were enrolled and treated with a single infusion of GC012F at three dose levels (DL).…

Benzinga

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Online Brokers UP Fintech, Futu Stumble on Weak Stock Markets

Key Takeaways: UP Fintech and Futu reported sharp first-quarter revenue declines as weak stock markets caused trading commissions to slide Futu reined in spending during the period, while UP Fintech’s spending rose on aggressive hiring for its global expansion By Doug Young

Benzinga

UN rights chief Michelle Bachelet says China trip not reason for stepping down

UN rights chief Michelle Bachelet announced Monday that she will not seek a second term, ending months of speculation about her intentions amid growing criticism of her lax stance on rights abuses in China.

Radio France Internationale

India appears to be expanding its nuclear arsenal, claims SIPRI

Pakistan also appears to be expanding its nuclear arsenal, the Stockholm International Peace Research Institute (SIPRI) said

The Hindu

China is walking back virus loosening weeks after reopening

China is starting to re-impose COVID-19 restrictions just weeks after major easing in key cities, raising concern the country may once again employ strict lockdowns to control its outbreak.

Tribune News Service

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China wades into Nupur Sharma row, hopes incident ‘can be properly managed’

Many Islamic countries, including the OIC have remained largely silent on the Uighur issue

The Hindu

China Should Deepen Reforms and Opening Up to Keep Economy Stable

For the Chinese economy to stabilize, it is important to revitalize private and foreign investment, and boost market players’ confidence in China’s economic prospects

Caixin Global

BYD: Electrification Is Accelerating Much Faster Than We Thought

BYD, China's largest plug-in electric car manufacturer, is on a fast track right now with sales exceeding 100,000 units a month for the past three months.

InsideEVs

Chinese-Canadian pop star Kris Wu faces rape charge at closed trial in Beijing

Wu was arrested last year after he was hit by a string of sexual assault allegations

The Independent UK

US makes Asia inroads by playing down need to oppose China

The US sought to bolster its support in Asia this weekend by reassuring nations they don’t need to join a coalition against China, drawing a stark contrast with Beijing’s threats to defend its interests with military force.

Bangkok Post

Why No Bystanders Came to the Rescue of Women Being Assaulted in Tangshan

Encouraging citizens to be brave to fight for justice when they encounter wrongdoings requires a system of trust and protection that will keep them from legal jeopardy

Caixin Global

Biden's foreign policy prioritizes alliances. Beyond Ukraine, there's little to show for it

WASHINGTON — A year ago during his first meetings with Group of 7 and NATO leaders, President Joe Biden vowed that "America is back," promising the world's other industrialized democracies that they could once again count on the U.S. to shore up alliances and the global order.

Los Angeles Times

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The Independent UK

Germany slips behind China as top importer of Russian energy

An independent research group says China has overtaken Germany as the biggest buyer of Russian energy exports since the start of the war in Ukraine

Reuters

China meeting a step in effort to develop lines of communication - Pentagon chief

U.S. Defense Secretary Lloyd Austin said on Monday that his meeting with China's defense minister was an important step in efforts to develop lines of communication between the two militaries.

The Times of India

Sensex crashes 1,457 points; Nifty settles at 15,774: Top reasons for today's fall

NEW DELHI: Global rout in stock markets dragged domestic indices lower on Monday as fears over inflation and the related response of central banks made investors jittery.

The Independent UK

US Defense Secretary Austin meets Thai leader to boost ties

U.S. Secretary of Defense Lloyd Austin has met with Thailand’s prime minister, Prayuth Chan-ocha, in an effort to strengthen what Austin says is Washington’s “unparalleled network of alliances” in the region

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The Independent UK

Bachelet will not stand for 2nd term as human rights chief

The U.N. human rights chief, Michelle Bachelet says she will not seek a new four-year term after the current one that has been overshadowed by criticism of her response to China’s treatment of Uyghurs and other Muslim minorities in western Xinjiang

Reuters

Beijing tests millions, isolates thousands over COVID cluster at 24-hour bar

Authorities in China's capital Beijing on Monday raced to contain a COVID-19 outbreak traced to a raucous 24-hour bar known for cheap liquor and big crowds, with millions facing mandatory testing and thousands under targeted lockdowns.

ABC News

Assault of women at restaurant in China leads to police crackdown as more victims of violence come forward

Officials in Tangshan launched anti-crime campaign "Thunderstorm" in response to the attack, after vision of the incident online triggered outrage on Chinese social media site Weibo.

WEKU

A COVID-19 cluster at a Beijing nightclub sets off a new clampdown

Dozens of cases linked to a nightclub spurs officials to return to online schooling and indefinitely delay sports gatherings.

The Independent UK

Chinese Canadian pop star Kris Wu faces rape charge in court

Chinese Canadian pop star Kris Wu has faced rape and other criminal charges at a closed trial as China was in uproar over a video showing a group of men physically assaulting four women in another city

The Independent UK

Virus cluster at nightclub sets off new Beijing clampdown

China's capital has put school online in one of its major districts amid a new COVID-19 outbreak linked to a nightclub

Caixin Global

Shanghai Composite Index Fell 0.89% on Monday

Shenzhen Component Index closed down 0.3%

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