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The Latest Breaking News from China

Shanghai marks COVID milestone, Beijing on edge

Shanghai said on Saturday it had detected no new daily COVID-19 cases outside quarantine areas, marking a milestone in its battle to contain the virus, which has paralysed the city of 25 million and put residents in the capital Beijing on edge.

Reuters

China factory activity falls to lowest in 2 years

China’s factory activity fell to the lowest level in more than two years in April, underscoring the economic damage caused by Covid-19 outbreaks and lockdowns and escalating concerns about further disruption to global supply chains.

Bangkok Post

EXPLAINER: How China is using metal barriers to fight COVID

Several districts in Shanghai put up metal barriers last weekend as part of the city’s battle against a COVID-19 outbreak, in a move that drew protests and anger from some residents

The Independent UK

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Shanghai reports zero cases outside quarantined areas for April 29

China's Shanghai reported zero COVID-19 cases outside its quarantined areas for April 29, the first time since the recent outbreak in the eastern financial hub, according to local health authorities.

Reuters

‘Like Wuhan all over again’: As Shanghai protests, China censors

Shanghai’s COVID-19 lockdown has fuelled outrage on a scale not seen since 2020 after the virus first began to spread.

Al Jazeera

'Good news': China okays Thai fruits

China has reopened all land border checkpoints to allow the import of Thai fruits, including durians, according to a Thai government official.

Bangkok Post

Solomon Islands security pact with China all part of PM Manasseh Sogavare's plan as 'unpredictable' but 'deft political operator'

Solomon Islands Prime Minister Mannaseh Sogavare is a political journeyman with a plan — a plan to hold on to power at all costs, pit regional players against each other and create a wedge to get more for his country.

ABC News

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Here are 3 reasons why stocks are tanking

Stocks were pummeled on Friday with the Nasdaq slumping more than 4% to post its worst month since 2008. Why things have gotten so bad in Wall Street.

WEKU

Read About Tencent's Latest Move At Battling Misinformation

Tencent Holding Ltd's (OTC:TCEHY) popular messaging service WeChat will begin revealing users' locations when they post on the platform, Reuters reports. Recently, a popular social media platform, Weibo Corporation (NASDAQ:WB), introduced the same settings permanently after more than a month of testing. The new setting aimed to combat misinformation related to recent "domestic and overseas hot-topic…

Benzinga

China won't give up on its COVID zero policy. As a Beijing lockdown looms, experts explain why

Countries such as Australia and New Zealand have given up on trying to eliminate COVID-19, but China still refuses to learn to live with the virus. Here's why.

ABC News

Salute to the great men and great lifesavers of Merewether beach

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

Mass Layoffs at 'China's Instagram': Tough Times or Primping for IPO?

Key takeaways: Xiaohongshu’s recent major layoffs could reflect a tough advertising market, even as it framed the move as normal workforce turnover Others reportedly laying off large numbers of workers include top livestream gaming platforms Huya and DouYu, whose planned merger was nixed by regulators last year

Benzinga

JinkoSolar Stumbles on Covid Challenges, But Longer-Term Future Remains Bright

Key Takeaways: JinkoSolar blamed Covid disruptions for a 10% sequential decline in its first-quarter revenue, but added such challenges should be ‘short-term and manageable’ Company forecast it will sell 35 GW to 40 GW of capacity this year, implying it is taking market share from rivals By Doug Young

Benzinga

Apple Analysts See Production Issues As Transitory, Recommend Buying On Weakness Following Q2 Results

Apple Inc (NASDAQ: AAPL) reported better-than-expected second-quarter earnings and revenues.

Benzinga

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The Times of India

China facing 'tsunami' of Omicron, says top official as Shanghai, Beijing battle to curb Covid spread

BEIJING: China is facing a"tsunami" of Omicron, a senior official said on Friday, as the country reported over 20,000 Covid-19 cases with its largest city Shanghai continuing to reel under lockdown for over three weeks while over 21 million people in capital Beijing underwent third nucleic acid test amid the…

Asharq Al-Awsat

China: Guangzhou Rushes to Quell COVID Outbreak

Authorities in the southern Chinese megacity of Guangzhou scrambled on Friday to quash a COVID-19 outbreak, imposing testing requirements on public transport, closing off some areas, and advising citizens against leaving the region. China is currently battling to contain the virus in several cities, with Shanghai residents simmering under a…

Reuters

How military technology reaches Russia in breach of U.S. export controls

By his own account, Ilias Sabirov, a Moscow businessman, had supplied Russia's military with high-performance computer chips made in the United States for years.

Radio France Internationale

China says NATO military alliance has outlived Cold War origins

NATO military exercises are set to begin near the borders of Russia and Ukraine, while Sweden and Finland ponder membership of the western alliance. Meanwhile, Beijing, which is sympathetic to Moscow, questions NATO's credibility, saying the alliance has outlived its original Cold War purpose.

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Benzinga

Arm Removes Significant Obstacle Hindering IPO Aspirations: FT

Softbank Group Corp (OTC:SFTBY) (OTC:SFTBF) owned Arm is on the verge of regaining control of its defector China joint venture, the Financial Times reports. The development will remove a significant obstacle to SoftBank’s IPO ambitions for the U.K. chip designer. Arm holds a 47.3% stake in Arm China, while Chinese investment firm…

The Guardian - UK

As China looks on at a world opening up, can Xi Jinping survive zero-Covid?

With 340m people living under lockdown or restrictions, the administration are sticking to their stance. But at what cost?

Benzinga

Morning Brief: Top Financial Stories Dominating on Friday, April 29

CNBC

Daily Mirror

North Koreans to face labour camps for removing surveillance tools from phones

Kim Jong-un’s vice-like grip on North Korea includes special phones that can’t reach the outside world – but a new hack from China is enabling users to bypass state controls completely

The Conversation

Is current space law equipped to handle a new era of shifting power structures in space? The Conversation Weekly podcast transcript

This is a transcript of The Conversation Weekly podcast episode: Ukraine invasion threatens international collaboration in space – is current space law equipped to handle a new era of shifting power structures?, published on April 27, 2022.

Benzinga

China-United States Negotiate An Audit Deal to Avoid Delistings: Reuters

According to sources familiar with the matter, China and U.S. regulators are discussing operational details of an audit deal that Beijing intends to sign this year, in the latest attempt to keep Chinese companies listed on U.S.

Reuters

Analysis-Russia's Ukrainian quagmire providing tough lessons for China

From countering a Western "information war" during a Taiwan conflict to using "shock and awe" to swiftly subdue the island's forces, Chinese strategists are soaking up lessons from Russia's Ukrainian quagmire, diplomats, scholars and analysts say.

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