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The Latest Breaking News from China

Augathella invites China's ambassador to see effects of trade ban on timber imports

The tiny town of Augathella in Queensland may be a world away from Beijing, but it has become collateral damage in China's ongoing trade dispute with Australia.

ABC News

New BMW 3 Series Teaser Promises Facelifted Sedan Is Coming Soon

Will it look any different than the i3 that already debuted in China?

Motor1

Parcel Deliveries Continue Dropping as Virus Restrictions Persist

Shanghai’s 90% plunge leads China slump as nationwide more than 1 billion fewer packages were distributed in April than in March

Caixin Global

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read the most diverse news in one place.

Giant Biogene IPO: A Collagen Queen, or Saggy-Skinned Stepsister?

Key Takeaways: Giant Biogene has filed for a Hong Kong IPO, thriving on growing popularity of skin care products from China’s growing middle class The company’s gross margin has improved steadily over the last three years on strong sales for more expensive professional skin-care products

Benzinga

A war that is shrinking India’s geopolitical options

The main worry now is about how to manage a China that is attempting to consolidate the region under its influence

The Hindu

Climate, Shlimate: China's Daily Coal Output Up 11% From Last Year

The Chinese government doesn’t appear to be overly concerned over the impact of coal pollution on the environment – in fact, the nation's daily coal output in April was up by 11% year-over-year following a directive from Beijing to ramp up production.

Benzinga

Here's Why JPMorgan Upgraded Alibaba, Other Chinese Stocks Months After Calling Them 'Uninvestable'

JP Morgan Chase & Co (NYSE:JPM) upgraded multiple Chinese internet companies, including Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY), to Overweight, Bloomberg reports. JPM also upgraded shares of Meituan (OTC: MPNGY), NetEase, Inc (NASDAQ: NTES), and Pinduoduo Inc (NASDAQ: PDD). "Significant uncertainties facing the sector should begin to abate on the back of recent regulatory announcements," the firm added. Also Read: Alibaba And…

Benzinga

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Congress mulls immigration’s role in China competition strategy - Roll Call

House Democrats and advocates are pushing for immigration provisions that would attract high-skilled workers.

Roll Call

Mombasa Port: how Kenya's auditor-general misread China's Standard Gauge Railway contracts

In December 2018, a leaked letter from the Kenyan auditor-general’s office sparked a rumour that Kenya had staked its bustling Mombasa Port as collateral for the Chinese-financed Standard Gauge Railway. Our new research shows why the collateral rumour is wrong.

The Conversation

The Coming Proxy War With China? A Veteran Australian Diplomat Warns Of An Asia-Pacific Ukraine War.

The U.S. Proxy War With Russia A point I made last month, that the Ukraine War is a proxy war between the U.S. and Russia. Now that the U.S. House of Representatives has passed an enormous, $40 billion in aid for Ukraine, more observers are acknowledging that this is a proxy…

Benzinga

Pakistan says it foiled suspected suicide attack against Chinese nationals

Pakistani police arrested a would-be suicide bomber who planned to blow herself up near a convoy of Chinese nationals along the China Pakistan Economic-Corridor (CPEC), a police statement said.

Reuters

China’s economic activity collapses under Xi’s COVID Zero policy

China’s economy is paying the price for the nation’s COVID Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery.

Tribune News Service

Tesla Recalls China Made Vehicles Again

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

Benzinga

EU growth forecast cut as war in Ukraine fuels inflation

European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China

The Guardian - UK

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InsideEVs

Report: Tesla's Plan To Restore Full Production In China Is Delayed A Week

The Tesla Giga Shanghai plant is slowly resuming and increasing production, but it might take more time than initially expected to achieve full scale again.

InsideEVs

Elon Musk's Confidence In China Happens To Be Reciprocal

Officials in Shanghai helped Tesla cart over 6,000 employees and supplier employees to their jobs to help the automaker re-open its factory following lockdowns.

Caixin Global

Editorial: China's Short-Term and Long-Term Worries About Foreign Trade

Stabilizing trading companies’ business operations, and building more secure industry and supply chains are issues of paramount importance

France 24

China's economy takes a hit from Covid-19 lockdowns

New data shows China's economy cooled sharply in April, as many cities including Shanghai suffered Covid-19 lockdowns. Industrial output dropped nearly 3 percent compared to a year before, while retail sales slumped 11 percent. Meanwhile, global wheat prices jump after India announces a ban on exporting the grain due to…

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Al Jazeera

China’s Shanghai aims to end COVID lockdown by June 1

Shanghai to phase out strict lockdown measures that have kept 26 million people at home for more than six weeks.

The News Lens

What a Marcos Jr Presidency in the Philippines Means for Geopolitics

The Philippines might be Asia’s oldest democracy, but the continued appetite for strongman rule demonstrates a deep ambivalence about liberal democracy’s promises of political equality and rule of law and the likely continuation of the public’s acceptance of the autocratic practices that characterized Duterte’s presidency.

Zenger

Apocalyptic Blood-Red Sky Perplexes Locals In Eastern China

The eerie sight transformed a typical night sky into something akin to a sci-fi movie — but with a harmless explanation.

Caixin Global

Shanghai Composite Index Fell 0.34% on Monday

Shenzhen Component Index closed down 0.6%

The Guardian - UK

Europe’s growth forecast cut as Ukraine war drives up inflation; diesel price hits record – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live: China reveals Covid hit to economy, Vodafone shares surge

The economic impact of China’s zero-Covid policy has been revealed after the country’s industrial output and consumer spending figures hit their worst levels since the pandemic began.

Irish Mirror

Thousands of thoroughbred horses killed to eat in Ireland as 'sickening' figures slammed

Consumption of horse meat has been growing globally since the 1990s. It is considered a delicacy in parts of France Italy, Holland, Switzerland and Belgium and commonly served in China, Russia, Central Asia, Mexico, Argentina and Japan.

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