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The Latest Breaking News from China

U.S. to announce plans to battle illegal fishing in the Pacific

The United States will soon announce plans to better battle illegal fishing in the Pacific, U.S Indo-Pacific coordinator Kurt Campbell said on Monday, as part of increased U.S. engagement with the region to counter China's growing influence.

Reuters

2 Industrial Goods Stocks to Avoid After Cutting Guidance

Amid a deepening supply chain crisis owing to the war between Russia and Ukraine, reinstated lockdown measures in China, and heightened inflationary pressures, the industrial sector is expected to remain under immense pressure in the coming months. Given their bleak growth prospects, we think one should consider avoiding fundamentally weak…

StockNews.com

Tesla Faulty Brakes Accuser Admits Lying About Incident: What's Next?

Last year, an owner of a Tesla Inc (NASDAQ: TSLA) vehicle in China protested at an auto show saying their Tesla's brakes were faulty.

Benzinga

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KeyBanc Remains Upbeat On Auto-Based Companies Like Microchip, Indie; Shares View On Semiconductor Stocks

KeyBanc analyst John Vinh said nine companies were under coverage (Advanced Micro Devices, Inc (NASDAQ: AMD), Cirrus Logic, Inc (NASDAQ:CRUS), Lattice Semiconductor Corporation (NASDAQ:LSCC), Monolithic Power Systems, Inc (NASDAQ: MPWR), NXP Semiconductors N.V. (NASDAQ:NXPI), ON Semiconductor Corporation (NASDAQ: ON), Qorvo, Inc (NASDAQ: QRVO), Skyworks Solutions, Inc (NASDAQ: SWKS), Synaptics Inc (NASDAQ:SYNA)) and reported positive results but mixed guidance. The broad-based analog (LSCC, MPWR, NXPI, ON) reported robust results/guidance, and China smartphone-exposed companies…

Benzinga

Study suggests breakfast 'staple' increases risk of multiple cancers

The study has linked the consumption to liver and breast cancer. These two cancers are the most common in China. There was also a link to lymphoma.

Irish Mirror

China, Russia blocked from Sydney naval conference as military relations sour

The Chinese and Russian militaries are no longer invited to attend a major international naval conference that opens in Sydney on Tuesday, as relations between Australia and the powerful allies deteriorate.

ABC News

Marcos rule to return to Philippines after election landslide

Ferdinand Marcos Jr, the son and namesake of the Philippines dictator deposed in a 1986 popular uprising, won a presidential election by a huge margin on Monday, according to unofficial results, marking a stunning comeback for the country's most famous political dynasty.

Reuters

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China asks India to conduct lawful investigations after Xiaomi allegations

Xiaomi, in a court filing, claimed that its officials were threatened with consequences if they did not submit compliant statements, allegations that the ED has rejected

The Hindu

Lenovo, Xiaomi, Other Chinese Tech Giants Pull Back From Russia

Chinese tech companies, including PC giant Lenovo Group Ltd (OTC:LNVGY) and smartphone maker Xiaomi Corp (OTC:XIACY), quietly pulled back from Russia under pressure from U.S. sanctions and suppliers, the Wall Street Journal reports. Consumer drone giant SZ DJI Technology Co suspended its business in Russia and Ukraine pending a compliance review. The companies pulled back amid Beijing…

Benzinga

China’s intent has been to keep boundary issue alive: Army Chief

Russia-Ukraine war has important lessons, he notes

The Hindu

Tech & Science Daily: Gaming kids ‘banned’ after 10pm

Children in China are to be banned from tipping video game streamers without parental consent - and they won’t be allowed to play on consoles after 10pm under new rules imposed by authorities.

Evening Standard

Taiwanese activist Lee Ming-che: ‘I can breathe in the fresh air of freedom’

The rights activist and his wife talk about his five years in a Chinese jail and her efforts to secure his release

The Guardian - UK

CH-Auto Challenges Li Auto, Nio, Xpeng with U.S. SPAC Listing

Key takeaways:

Benzinga

VIVXF: OxC-beta Approved in Vietnam…

By David Bautz, PhD OTC:VIVXF READ THE FULL VIVXF RESEARCH REPORT

Benzinga

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The Guardian - UK

Global stock markets fall sharply amid fears over inflation and China slowdown

FTSE 100 and S&P 500 among those to slide as investors worry that worldwide growth is weakening

StockNews.com

3 Chinese Electric Vehicle Stocks Wall Street Predicts Will Rally More Than 100%

The electric vehicle (EV) industry is well-positioned to register solid growth over the long run because countries are increasingly focusing on sustainable transportation to reduce carbon emissions. China is the largest producer of EVs and has the largest EV market globally. Therefore, many Chinese EV companies should grow handsomely with…

Daily Mirror

Google Maps users convinced they've found secret rocket hidden deep in desert

After spotting the odd-looking site deep in the Taklamakan desert people think they've uncovered a hidden Chinese rocket, although others believe there's a much simpler explanation

Benzinga

Morning Brief: Top Financial Stories Dominating on Monday, May 9

CNBC Ford Motor Selling 8M Shares Of Rivian Automotive

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Caixin Global

Texas Instruments Denies Firing Staff as Shanghai Microcontroller Unit Disbanded

Global semiconductor giant is reassigning staff to other units amid a dwindling market share, chip experts say

Reuters

China's Xi tells German Chancellor all efforts must be made to avoid Ukraine conflict from intensifying

China's President Xi Jinping told German Chancellor Olaf Scholz on Monday that all efforts must be made to avoid the Ukraine conflict turning into an "unmanageable situation", Chinese state radio reported.

Caixin Global

Editorial: Rule of Law Is Fundamental to Regulating and Guiding Capital Development

The key to maintaining the healthy development of capital is to stabilize expectations. The key to stabilizing expectations is upholding the rule of law

Axios

Exclusive: Former national security leaders urge Congress to ease immigration policy for foreign science talent

It suggests widespread concern about China's rise could bolster bipartisan support for change in one corner of immigration policy.

Asharq Al-Awsat

Saudi Arabia Cuts Oil Prices to Asia by More than 50%

Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on. Aramco is expected to cut the official selling price (OSP) for flagship Arab Light crude to Asia in June by more than…

The Guardian - AU

Labor signals more aid to south-east Asia and accuses Scott Morrison of ‘bullying behaviour’ towards Pacific

Shadow minister Pat Conroy says the Coalition’s cuts in aid to Indonesia were ‘shortsighted’

Asharq Al-Awsat

Asian Stocks Stumble on Global Anxieties over Inflation

Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's…

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”Ferdinand “Bongbong” Marcos Jr.

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