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The Latest Breaking News from China

Costly beer and cars? Consumers, and profits, fine with that

Consumers seem undaunted by higher prices of everything from luxury cars to beer, letting companies like Anheuser-Busch InBev NV and BMW AG boost profits despite economic threats ranging from inflation to war to China’s Covid flare-up.

Tribune News Service

China’s top leaders reiterate support for COVID Zero strategy

China’s top leaders warned against questioning Xi Jinping’s COVID Zero strategy, as pressure builds to relax virus curbs and protect the economic growth that has long been a source of Communist Party strength.

Tribune News Service

Jazz Pharma, Sumitomo Pharma Ink Licensing Pact For Sleeping Disorder Candidate

Jazz Pharmaceuticals plc (NASDAQ:JAZZ) has acquired development and commercialization rights in the U.S., Europe, and other territories for Sumitomo Pharma's investigational DSP-0187. DSP-0187 is a potent, highly selective oral orexin-2 receptor agonist with potential application for treating narcolepsy, idiopathic hypersomnia, and other sleep disorders. Jazz has designated this molecule JZP441. Sumitomo Pharma initiated a Phase…

Benzinga

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Death toll rises to 26 in central China building collapse

State media reports a tenth survivor has been pulled from the rubble nearly a week after incident in Changsha.

Al Jazeera

Drone Giant DJI's Russia Halt Pressures Other China Big-Techs

Key Takeaways: DJI has halted its Russia and Ukraine business and will reassess requirements in different legal jurisdictions, following wide-ranging western sanctions on Russia Other Chinese companies facing similar dilemmas include Alibaba, Lenovo, Huawei and Xiaomi By Tina Yip

Benzinga

Anthony Albanese grilled over NDIS gaffe by Q+A host David Speers as the Opposition Leader pitches to Australian public on Scott Morrison's failures

In a wide-ranging Q+A appearance, Opposition Leader Anthony Albanese says Coalition leaders have become progressively worse, while denying he made a mistake when asked about the NDIS.

ABC News

Building collapse in China's Changsha kills 53

Fifty-three people died when a housing block collapsed in the Chinese city of Changsha last week, state broadcaster CCTV reported on Friday after days of rescue efforts.

Reuters

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Paula Reto, Bianca Pagdanganan among five from U.S. Women’s Open qualifier in Florida

Reto had 5-under 31s on the front nine in both rounds, and made four straight on Nos. 3-6 in the first round.

USA Today Sports Media Group

Death toll rises to 26 in Chinese building collapse

The number of people confirmed dead after a building in China collapsed has risen to 26, state media reported Thursday, nearly a week after the block containing apartments, a hotel and a cinema caved in.

Bangkok Post

Taiwan says it cannot afford new US anti-submarine helicopters

Self-governing island, claimed by China, says other weapons deals from the US also delayed amid Russian war in Ukraine.

Al Jazeera

Trump’s 2020 campaign tested ‘outlandish’ idea of giving Americans ability to sue China in court, book says

Among other ideas tested were expelling Chinese scientists, researchers and technicians

The Independent UK

Australia defends Solomon Islands ties after ‘invasion’ claim as China row grows

Australia’s defence minister insisted the claims are not about the nation

The Independent UK

China’s Box Office, Train Ticket and Real Estate Sales Plunge Over Holiday

Cinema revenue plummeted 82.3% during the five-day break while the number of new home sales in 30 major cities fell 73.1%

Caixin Global

China Lockdowns Could Evolve As A 'Demand Problem' For Apple, Says Analyst

A renowned Apple Inc. (NASDAQ: AAPL) analyst on Wednesday suggested that the China COVID-19 lockdown situation could evolve more as a demand problem for the iPhone maker than as a production issue.

Benzinga

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The Independent UK

Russian war, China lockdowns roil oil markets as OPEC+ meets

Oil markets have been fluctuating over fears of lost supplies from Russia because of the war in Ukraine

Benzinga

JD, Nio, Pinduoduo Among 80 Chinese Companies Identified By SEC For Potential Delisting: What Investors Should Know

The SEC continued to crack the regulatory whip on U.S.-listed Chinese companies for non-compliance with audit requirements necessitated by the "Holding Foreign Companies Accountable Act."

The Guardian - AU

Labor denounces Peter Dutton’s ‘conspiracy theory’ that China wants Coalition to lose election

In election debate, Labor’s Brendan O’Connor says defence minister’s line of attack on China is for his own political purposes

The Independent UK

Debate sparks over China's interest in Australian election

An Australian debate heated up Thursday when the defense minister said there was evidence the Chinese Communist Party wanted Australia’s government to change at the May 21 election because a center-left Labor Party administration would attempt to appease Beijing

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Bangkok Post

China's Covid controls prompting firms to consider moving elsewhere

SHENZHEN: European businesses in China are increasingly looking to shift their investments to other markets due to the country's strict Covid-19 containment measures and supply chain disruptions, the European Chamber of Commerce in China said on Thursday.

Caixin Global

Shanghai Composite Index Rose 0.68% on Thursday

Shenzhen Component Index closed up 0.23%

ABC News

China dominates defence debate between Dutton and O'Connor, with minister warning Australia must 'prepare for war'

Defence Minister Peter Dutton faces off against his counterpart Brendan O'Connor, with the pair agreeing China has changed and Australia must be prepared for war.

Reuters

Beijing nervously returns to work as China doubles down on 'zero-COVID' policy

Beijing residents tentatively returned to work on Thursday after a muted five-day Labour Day holiday devoid of the usual trips across the country or lavish family dinners, as China pledged to fight any criticism of its uncompromising "zero-COVID" policy.

AAP

Chinese influence 'phenomenal': Dutton

China's growing global influence is "quite phenomenal" according to Defence Minister Peter Dutton, who faced off with his Labor counterpart at a debate.

The Independent UK

Hong Kong reopens beaches, Beijing relaxes quarantine rules

Hong Kong is reopening beaches and pools in a relaxation of COVID-19 restrictions, while China's capital Beijing is easing quarantine rules for arrivals from overseas

Reuters

Australia wants calm in ties with Solomon Islands after 'invasion' claim

Australia will respond calmly to the Solomon Islands after it signed a security pact with China, Prime Minister Scott Morrison said, dismissing a furious response by the leader of the Pacific nation to Western criticism of the deal.

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