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The Latest Breaking News from China

WHO chief says China’s 'zero-COVID' policy not ‘sustainable’

The head of the World Health Organization said on Tuesday China's zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by the UN agency on a government's handling of the pandemic. "We don't think that it is sustainable considering the behavior…

Asharq Al-Awsat

A Swiss army knife app: what is WeChat and how is it being used in Australia’s 2022 federal election?

With three million users across the country, including politicians and media, the network could play a pivotal role in determining who wins

The Guardian - AU

Ferragamo Aims to Double Sales Mid-Term but Warns of China Hit

Revenues at Italian luxury group Salvatore Ferragamo beat market forecasts in the first quarter despite a decline in retail sales in China because of new COVID-19 restrictions, and the group said it expected to double sales in the medium term. The leather goods maker, famous for making shoes for Hollywood…

Asharq Al-Awsat

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Xpel Q1 Earnings Exceed Estimates Amid New Car Inventory Constraints

Xpel Inc (NASDAQ:XPEL) reported first-quarter FY22 sales growth of 38.6% year-on-year to $71.86 million, beating the consensus of $68.86 million. Product revenue rose 29.3% Y/Y, and Services revenue increased 98.5%. The gross margin for the quarter expanded 330 basis points to 38.6%. The operating margin was 14%, and operating income for the quarter…

Benzinga

China wants to take Taiwan peacefully but is preparing militarily -U.S. intelligence officials

China would prefer to take over neighboring Taiwan without military action but is working to get to a position where its military could prevail even if the United States intervenes, U.S. intelligence chiefs said on Tuesday.

Reuters

Here's How Alibaba, JD Are Proving Handy Amid China Lockdown

Alibaba Group Holding Limited (NYSE: BABA), JD.com, Inc (NASDAQ: JD), and Meituan (OTC: MPNGY) have built effic

Benzinga

WHO says China’s zero-COVID strategy unsustainable

UN health agency officials say that any measure to tackle a coronavirus outbreak should show respect for human rights.

Al Jazeera

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Stodgy Tax Services IPO Looks Like What U.S. Investors Want from China Now

Key Takeaways: Lichen China has filed for an IPO to raise about $25 million, positioning itself as a potential consolidator in China’s vast, but highly fragmented, tax services market Company points out it should be able to avoid many of the recent controversies now dogging U.S.-listed Chinese stocks By Doug…

Benzinga

UN rights boss to arrive in China for historic visit by month-end

(Corrects to add dropped letter in spokesperson's name)

Reuters

The U.S. wants back in the Asia trade game

Biden may soon launch a new regional agreement.

Axios

Dropping zero-COVID policy in China without safeguards risks 1.5m lives - study

China risks just over 1.5 million COVID deaths if it drops its tough zero-COVID policy without any safeguards such as ramping up vaccination and access to treatments, according to new modelling by scientists in China and the United States.

Reuters

Beijing accuses US of ‘political manipulation’ in latest Taiwan row

State department fact sheet amended to remove line saying US ‘does not support Taiwan independence’

The Guardian - UK

The fur flies as House, Senate wrangle over ban on mink farming

WASHINGTON — The future of an estimated 100 U.S. mink farms may be decided by House and Senate negotiators resolving differences in a massive research and technology package designed to make the nation more competitive with China.

Tribune News Service

China’s COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China remains locked in a COVID crisis. Around 400 million people are currently thought to be living under some form of lockdown across the country. One of China’s largest cities, Shanghai,…

The Conversation

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Reuters

French President Macron discussed Ukraine war with China's Xi - Elysee

French President Emmanuel Macron and Chinese counterpart Xi Jinping on Tuesday discussed the war in Ukraine and the global food crisis arising from it, and called for an urgent ceasefire, the Elysee said after a phone call between the two leaders.

InsideEVs

China: Made In China Tesla Wholesale Shipments Collapsed In April 2022

The total Tesla volume (sales and export) - according to the CPCA's data - amounted to just 1,512 units, which is 94% less than a year ago.

Caixin Global

China’s Capital Wants a Bigger Share of NEVs on Its Roads

Beijing plans for the local purchase quota for new-energy vehicles to account for a greater share of the city’s total by 2025

InsideEVs

Updated 2024 VW Aero B Electric Sedan Spotted Near The Nürburgring

The VW Aero B production model has been confirmed for the second half of 2023; it will be available in China initially, but the US is likely to get it as well.

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The Independent UK

Marcos presidency complicates US efforts to counter China

Ferdinand Marcos Jr.’s apparent landslide victory in the Philippines presidential election is giving rise to immediate concerns about a further erosion of democracy in the region, and could complicate American efforts to blunt growing Chinese influence and power in the Pacific

The Guardian - UK

Animals Farmed: bird flu hits the US, superbugs in pigs and the sheep with an enormous fleece

Welcome to our monthly roundup of the biggest issues in farming and food production, with must-read reports from around the web

Birmingham Post

Renishaw cuts profit forecast amid Russia pull-out and China lockdowns

The Gloucestershire-based engineering giant said it was ‘mindful of global uncertainties’

Bangkok Post

After trillions in losses, Asia’s stock rout looks far from over

All signs point to more losses ahead for Asian equities after a four-month slump that has wiped out over $2 trillion in value.

Reuters

China says G7 concern over Hong Kong leader selection is interference

China said on Tuesday that an expression of concern by the Group of Seven industrialised nations over the selection process for Hong Kong's new chief executive was interference in China's internal affairs.

Benzinga

Tesla April China Sales Hit Rock Bottom, Underperform Industry: What Investors Should Know

Tesla, Inc.'s (NASDAQ: TSLA) China sales plummeted in April, and the magnitude of underperformance would have disappointed even the most pessimistic of forecasts.

Reuters

Australia's neighbours at risk of manipulation - spy chief

Democratic systems in Australia's region are at risk of being manipulated, with their leaders controlled and taken advantage of through "largesse", Australia's overseas intelligence chief said in a rare public appearance on Tuesday.

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