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The Latest Breaking News from China

Tesla Recalled Model 3 Cars In China In April Again - Read Why

Tesla, Inc (NASDAQ:TSLA) recalled 14,684 imported and locally made Model 3 cars in China on software problems as previously declared by the market regulator, Reuters reports. The recall marked Tesla's second batch of recalls in April. Also Read: BREAKING: Tesla Recalls 127,785 Model 3 Vehicles In China Over Manufacturing Defects The regulator said…

Benzinga

China regulator says 14,684 Teslas recalled for crash risk

China's market regulator says Tesla has recalled 14,684 Model 3s due to a software glitch that could cause collisions, its second recall this month

The Independent UK

Here's Why Alibaba, JD Led Broad Rally In Chinese Tech Equities

Technology stocks led a broad rally in Chinese equities on April 29, with traders citing speculation of a possible easing of the domestic regulatory crackdown, Bloomberg reports. The Communist Party's Politburo pledged to support the healthy growth of platform firms. Top leaders also pledged to meet economic targets insinuating stimulus to…

Benzinga

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China halts freight train traffic with North Korea

China says it halted railroad freight traffic with North Korea as it deals with the spread of COVID-19 in the border town of Dandong

The Independent UK

Amazon and Apple post downbeat results as inflation, supply issues bite

Amazon records its first quarterly loss since 2015 as online sales drop, while Apple warns of an $8 billion hit from the war in Ukraine and Covid-19 lockdowns in China. Also, French growth hits zero as consumer spending falls, and the IMF warns of dangers for the economies of sub-Saharan…

France 24

Cut off from home, Chinese diaspora frustrated at zero-COVID policy

Beijing's zero-COVID strategy has had dire consequences for the millions Chinese living abroad, most of whom have been unable to see family and friends at home for two years even as the rest of the world eases travel restrictions.

Reuters

AstraZeneca Clocks Q1 COVID Vaccine Sales Of $1.2B, Keeps Overall FY22 Outlook

AstraZeneca Plc's (NASDAQ:AZN) total revenue jumped 60% Y/Y at CER to $11.39 billion in Q1 FY22, beating the consensus of $10.99 billion. The growth reflects the contribution of the Alexion medicines and several Vaxzevria contracts that are expected to complete the delivery by half year 2022. Core EPS came in at $1.89,…

Benzinga

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Londoner’s Diary: Stanley Johnson’s China trip is stumbling block for Boris

In today’s Diary: Stanley Johnson heading to China / Queen’s gardener on why he sometimes wishes he was a dog / Eddie Marsan takes pop at upper crust theatre world / Ed Balls enjoys an oyster feast courtesy of Gordon Brown

Evening Standard

Badminton Asia Championships: PV Sindhu enters semifinals, assured of a medal

MANILA (Philippines): Double Olympic medallist PV Sindhu eked out a thrilling win over China's He Bing Jiao to enter the women's singles semifinals of the Badminton Asia Championships on Friday.

The Times of India

Political stakes high as Beijing responds to virus outbreak

Beijing is starting to resemble other Chinese cities grappling with the highly contagious omicron variant of the coronavirus

The Independent UK

Australia joins dozens of countries committing to a 'democratic' internet

Australia is among 56 nations signing a political commitment to push for the future of the internet to be underpinned by democratic values, in the face of hostile internet policies from countries such as China and Russia.

ABC News

Solomon Islands PM says won't accept militarisation of Pacific

The Solomon Islands signed a security pact with China because a similar deal with Australia was inadequate, Prime Minister Manasseh Sogavare said, adding his country knew the cost of war and would not be part of any militarisation of the Pacific.

Reuters

Oil Extends Gains as Supply Concerns Trump China Lockdowns

Oil prices rose for a fourth day on Friday as Russian supply disruption fears trumped COVID-19 lockdowns in China, the world's biggest crude importer, that are weighing on demand. Brent crude futures rose 88 cents, or 0.8%, to $108.47 a barrel by 0639 GMT after gaining 2.1% in the previous…

Asharq Al-Awsat

Hong Kong student jailed for five years under national security law

A Hong Kong court on Friday increased a jail sentence to five years, in line with a China-imposed national security law, for a student who called for independence from China in posts on the Telegram messaging service.

Reuters

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Al Jazeera

China pledges more economic support as lockdowns stymie growth

Top decision-making body pledges package of measures to help industries and small firms affected by the pandemic.

Caixin Global

Shanghai Composite Index Rose 2.41% on Friday

Shenzhen Component Index closed up 3.69%

Asharq Al-Awsat

Oman, China Discuss Military Cooperation

Oman’s Deputy Prime Minister for Defense Affairs Sayyid Shihab bin Tarik Al Said held talks on Thursday with China’s State Councilor and Minister of National Defense Wei Fenghe. They discussed military cooperation between the two countries and means of bolstering them to serve their interests, as well as other issues…

Reuters

Hong Kong's mandatory COVID testing in schools fuels plastic waste woes

A Hong Kong government rule that all school students and staff take daily COVID-19 tests will add massively to the city's plastic waste problem, environmental activists say, with some 20 million kits a month set to be dumped at bursting landfills.

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Reuters

N.Korea halts rail crossings with China, where COVID is on the rise -Yonhap

Cross-border freight train services between North Korea and China have been suspended after a series of COVID-19 infections in the Chinese border city of Dandong, the Yonhap news agency said on Friday.

The Guardian - AU

China says Nato has ‘messed up Europe’ and warns over role in Asia-Pacific

In response to British foreign secretary’s warning that Beijing must ‘play by the rules’, ministry of foreign affairs says Nato is stirring conflict

The Guardian - AU

Solomon Islands PM suggests Australia’s reaction to China security deal is hysterical and hypocritical

Manasseh Sogavare says he wasn’t told about Aukus pact until it was public while Scott Morrison accuses counterpart of parroting China’s lines

ABC News

Solomon Islands PM Manasseh Sogavare blasts Australia over criticism of China security deal

The Solomon Islands Prime Minister delivers a withering verbal assault on Australia, mocking the federal government's complaints about the secrecy surrounding the Pacific Island country's security pact with China.

Al Jazeera

China, India dissidents fear censorship after Musk’s Twitter deal

Tesla CEO’s $44bn bid to buy Twitter puts billionaire in the crosshairs of censorship-prone Beijing and New Delhi.

Caixin Global

Weekly Must-Read: Three Things to Know About China’s New Futures Law

The new framework comes as the country has opened the market to greater overseas participation

The Guardian - AU

Trusting China to give a fair trial sets a worrying precedent for extradition in New Zealand

The government’s willingness to accept reassurances from Beijing reflects political convenience rather than current evidence

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