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The Latest Breaking News from China

Lin Lang: A billionaire horse exporter's change in fortunes

How did billionaire Chinese businessman Lin Lang end up exporting thoroughbred horses from New Zealand to China - and why has the lucrative business come to a halt?

Newsroom.co.nz

The differences between NZ and Australia are becoming too great

A joint approach by NZ and Australia to Pacific issues is needed more than ever. A reinvigorated Canberra Pact would be a chance to recharge their historical relationship, says Peter Dunne

Newsroom.co.nz

WHO: COVID "getting worse, not better" in North Korea

A top official at the World Health Organization said the U.N. health agency assumes the coronavirus outbreak in North Korea is “getting worse, not better,” despite the secretive country’s recent claims that COVID-19 is slowing there

The Independent UK

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Zhong Yang Stock Soars 300%: What's Going On?

Shares of China-based online brokerage firm Zhong Yang Financial Group (NASDAQ: TOP) are soaring Wednesday amid post-IPO volatility.

Benzinga

Tencent Stops Assuring Pay Hike On Promotion As Part Of Its Cost Cutting Measure

Tencent Holding Ltd (OTC:TCEHY) stopped guaranteeing a pay raise upon promotion amid a more comprehensive cost-cutting drive, Reuters reports. However, Tencent assured an annual salary review to consider an individual's contribution and performance. The policy change reflects the changing circumstances of China's technology giants, hit hard by a bruising regulatory crackdown and a slowing…

Benzinga

U.S., Taiwan to launch trade talks after island excluded from Indo-Pacific group

The United States will launch new trade talks with Taiwan, U.S. officials said on Wednesday, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence.

Reuters

Investors See Better Road Ahead for Autohome Despite Profits Setback

Key Takeaways: Autohome’s adjusted net income tumbled 40% during the first quarter, less than the 50% drop expected by the market. Relieved investors sent the share price soaring 19% over three trading days

Benzinga

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Mekong River in jeopardy: Sand-pumping operations ravage ecosystem

The Mekong is one of the largest rivers in the world, beginning in China and flowing through Thailand, Vietnam and Cambodia. Nearly 70 million people in Asia are dependent on its waters for fishing or to irrigate their rice fields. But this watery giant is threatened due to the dredging…

France 24

The Quad: US efforts to counter China's influence in Asia mark a new era of micro alliances

US president Joe Biden recently visited Asia in an effort to strengthen relationships in the region, most notably meeting with leaders of the “Quad” alliance of America, Japan, India and Australia. This group of like-minded states represents a 21st-century diplomatic mechanism which is growing in importance in lieu of an…

The Conversation

More seek gun training in Taiwan as Ukraine war drives home China threat

From tour guides to tattoo artists, some in Taiwan are taking shooting lessons for the first time in their lives as Russia's invasion of Ukraine ratchets up anxiety at the prospect of giant neighbour China making a similar move on the democratic island.

Reuters

NIO Slightly Increased Electric Car Sales In May 2022

NIO managed to slightly increase its electric car deliveries in May, although the company is still suffering from COVID-19 lockdowns in China.

InsideEVs

Noted Tesla Analyst Sees Auto Pricing Power Shift From Dealers Toward Suppliers

Long-lasting global auto semiconductor chip shortages could ease sooner than expected on the back of strong foundry shipments, consumer electronics slowdown and China re-opening, Morgan Stanley analyst Adam Jonas said on Tuesday.

Benzinga

China Eases Package Tour Restrictions to Aid Battered Industry

Groups will only be barred from traveling to specific cities with cases, rather than whole regions

Caixin Global

Australian FM to visit Samoa, Tonga in bid to boost Pacific ties

Penny Wong to visit the countries days after her Chinese counterpart, as China and Australia vie for regional influence.

Al Jazeera

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Benzinga

Weibo Shares Gain On Q1 Beat Aided By User Base, Traffic

Weibo Corp (NASDAQ:WB) reported first-quarter FY22 revenue growth of 6% year-on-year to $484.6 million, beating the consensus of $473.98 million. Revenue grew 3% Y/Y on a CC basis. Segments: Weibo's Advertising and marketing revenues rose 10% Y/Y to $427.1 million. Value-added service (VAS) revenues decreased 17% Y/Y to $57.5 million. Drivers: Monthly active users (MAUs)…

The Independent UK

Live updates | Ukraine reports battle gains and challenges

A regional governor in southern Ukraine says Russian troops are retreating and blowing up bridges to obstruct a possible Ukrainian advance

The News Lens

With Beijing’s New Envoy Lu Kang in Jakarta, What’s Next for Its Ties With Indonesia?

Indonesia’s upcoming general election in 2024 would be a “testament” to Lu’s ambassadorship, experts say.

The Guardian - AU

Penny Wong ramps up Pacific lobbying effort as she flies out to Samoa and Tonga

Foreign affairs minister tells regional leaders ‘we understand we need to work together like never before’ as battle for influence with China intensifies

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news in one place.

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Reuters

China slams Biden, Ardern comments on Xinjiang, Hong Kong, Taiwan

China's foreign ministry on Wednesday slammed a joint statement by the leaders of the United States and New Zealand that expressed "grave concerns" on human rights violations in Xinjiang and the erosion of freedoms in Hong Kong.

The News Lens

As the World Sanctions Russia, China Takes Note

China’s reliance on the West and its capacity to withstand sanctions will be reduced if it has more control over the financial system. While it is working towards becoming less economically dependent on the West, it is not there yet.

Los Angeles Times

Taiwan's political divide fueled a gunman's rage. It also splits my family

After my parents got married, my Yeye went to my Ah-Gong's house in Taiwan to introduce himself.

Asharq Al-Awsat

China 'Bars' Russian Airlines with Foreign Planes

China has barred Russia’s airlines from flying foreign-owned jetliners into its airspace, the Russian news outlet RBK reported, after President Vladimir Putin threw the aircrafts' ownership into doubt by allowing them to be re-registered in Russia to avoid seizure under sanctions over Moscow’s attack on Ukraine. The European Union, home…

Caixin Global

Shanghai Composite Index Fell 0.13% on Wednesday

Shenzhen Component Index closed up 0.21%

The Independent UK

Shanghai starts coming back to life as COVID lockdown eases

Traffic, pedestrians and joggers are reappearing on the streets of Shanghai as China’s largest city begins returning to normalcy after a strict two-month COVID-19 lockdown that drew protests over its heavy-handed implementation

Benzinga

Warren Buffett-Backed BYD Plans To Buy 6 African Lithium Mines: Here's How Many EVs They Can Cater To

China's BYD Co (OTC: BYDDY) is looking to acquire six lithium mines in Africa, CnEVpost said on Tuesday, citing a source-based

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