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The Latest Breaking News from China

Mat’s Incredible: Royal Ming Dynasty Chinese Carpet Sold For $324,500

An emperor’s carpet that once lay in China’s Imperial Palace during the Ming dynasty has been sold for $324,500.

Zenger

Exclusive-Evergrande discussing staggered payments, debt-to-equity swaps for $19 billion offshore bonds-sources

China Evergrande Group is considering repaying offshore public bondholders owed around $19 billion with cash instalments and equity in two of its Hong Kong-listed units, two sources said, as the world's most indebted developer struggles to emerge from its financial crisis.

Reuters

No work and nowhere to live: a rural migrant's ordeal in locked-down Shanghai

When Shanghai began its draconian COVID-19 lockdown two months ago, the French restaurant where Sun Wu waited tables closed and the 22-year-old, like countless other rural migrants, lost his job.

Reuters

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Shanghai takes baby steps towards ending COVID lockdown

Shanghai took more gradual steps on Friday towards lifting its COVID-19 lockdown while Beijing was investigating cases where its strict curbs were affecting other medical treatments as China soldiered on with its uneven exit from restrictions.

Reuters

Australia Urges Pacific Nations to Shun China Security Deals

Australia urged South Pacific nations to spurn China's attempts to extend its security reach across the region Friday, seeking to fend off a high-level charm offensive by Beijing. Foreign Minister Penny Wong was in Fiji on her first solo visit, seeking to woo island states after the Solomon Islands took…

Asharq Al-Awsat

Coonawarra wineries hope Labor can repair lucrative markets lost amid China trade tension

Vignerons from one of Australia's iconic red wine regions are optimistic that the change in government will lead to improved relations and the removal of crushing tariffs on exports.

ABC News

China Plots Fresh Military Exercises in South China Sea

China will hold naval exercises in the South China Sea on Saturday, its maritime authority said, after a week of recrimination from Western powers over its military ambitions across the Pacific region. The exercises, set to take place in the sea less than 25 kilometers (15.5 miles) off the coast…

Asharq Al-Awsat

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Fiji to join Biden’s economic framework aimed at countering China

White House says island nation will become the 14th member of the Indo-Pacific Economic Framework for Prosperity.

Al Jazeera

Banned traders warn Labor government, all industries against reliance on China

Australia has never before relied so much on China for its trading wealth. However, as the devastated rock lobster industry can attest, the Asian giant can lose its appetite overnight.

ABC News

Penny Wong urges Pacific nations to weigh up ‘consequences’ of China security offers

Australia wants to show region it is a reliable partner, says foreign minister, and to make up for a ‘lost decade on climate action’

The Guardian - AU

New Foreign Minister Penny Wong makes pitch to Pacific nations during visit to Fiji

On her first visit to a Pacific nation as incoming Foreign Minister, Penny Wong makes a public pitch to maintain Australia's influence in the region.

ABC News

Australia warns against Pacific security pact as China says interference will fail

Australia's foreign minister Penny Wong warned on a visit to Fiji on Friday that there were regional consequences to the Solomon Islands' security pact with China, after her Chinese counterpart said interference in the deal would fail.

Reuters

Still Top Gun? What Tom Cruise’s new movie tells us about American power

The film reflects anxiety over the US’s relative decline in the face of China’s high-tech military might

Financial Times

Analysis-Security Council split spells end of an era for U.S.-led sanctions on N.Korea

A decision by China and Russia to veto new United Nations sanctions on North Korea pushed by the United States shattered any veneer of global cooperation, straining efforts to pressure Pyongyang as it prepares to conduct a new nuclear test.

Reuters

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Caixin Global

Weekly Must-Read: China’s Plan to Overhaul Its $3.7 Trillion Mutual Fund Industry

Securities authority says the industry should become more diverse and focus on long-term returns

Al Jazeera

North Korea escapes further sanctions as Russia, China wield veto

US expresses ‘disappointment’ after Security Council fails to tighten sanctions after slew of banned missile launches.

Al Jazeera

China’s Pacific tour spurs hopes and fears in tiny island nations

Countries such as Vanuatu and Kiribati expected to seek Wang Yi’s support for development and infrastructure.

The Independent UK

China and Russia veto new UN sanctions on North Korea

China and Russia have vetoed a U.N. resolution sponsored by the United States that would have imposed tough new sanctions on North Korea for its spate of intercontinental ballistic missile launches that can be used to deliver nuclear weapons

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Reuters

White House welcomes Fiji to its Indo-Pacific economic plan

Fiji is joining U.S. President Joe Biden's Indo-Pacific Economic Framework (IPEF), the White House said on Thursday, making it the first Pacific Island country in the plan that is part of a U.S. effort to push back on China's growing regional influence.

The Independent UK

China FM visits Kiribati where fishing ground is at stake

China’s foreign minister is visiting the remote Pacific nation of Kiribati, where the future of a vast fishing ground is at stake

The Conversation

Amplifying narratives about the 'China threat' in the Pacific may help China achieve its broader aims

Yet more proposed Chinese “security agreements” in the Pacific Islands have been leaked.

The Guardian - AU

New Zealand and allies allowed ‘vacuum’ to develop in Pacific, former foreign minister says

Comments by Winston Peters come as China hopes 10 Pacific countries will sign wide-ranging security deal

Reuters

China pig breeders go high-tech in self-sufficiency push

Tiny slivers of ear tissue snipped from hours-old piglets offer valuable clues for the team at Best Genetics Group (BGG) as it strives to improve the genetics of China's hog herd to produce cheaper meat for the world's top pork consumer.

Motor1

These Nine Chinese Auto Companies Are Ready To Conquer The World

Ranking the primary Chinese automakers by sales volume offers some realizations and surprises.

Sports Illustrated

Simona Halep Details ‘Panic‘ During French Open Loss

The two-time Grand Slam champion halted her match against China’s Zheng Qinwen to receive medical attention before losing in three sets.

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