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The Latest Breaking News from China

Musk taking Twitter private indicates less accountability to government

Elon Musk taking Twitter private would mean less accountability to the government which is concerning given he has attacked people online and asked China to censor his critics. Read further on Dynamite News:

Dynamite News

'Entry only. No exit:' Beijing sees more COVID closures as anger grows in Shanghai

China's capital Beijing closed more businesses and residential compounds on Friday, with authorities ramping up contact tracing to contain a COVID-19 outbreak, while resentment at the month-long lockdown in Shanghai grew.

Reuters

China's COVID policy in line with pursuing economic progress, expert says

China's "dynamic-zero" policy against COVID-19 is in line with pursuing economic progress, rather than in conflict with it, a senior health expert said on Friday.

Reuters

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Climate crisis – not China – is biggest threat to Pacific, say former leaders

Pacific Elders Voice group says military tension ‘created by China and the US and its allies’ are secondary to rising seas and catastrophic cyclones

The Guardian - AU

US Congress increasingly concerned over China's Solomon Islands deal, drawing comparisons with South China Sea militarisation

Concern over Solomon Islands' security pact with China is mounting in the US Congress, with politicians on both sides expressing alarm over the deal.

ABC News

Biden admin split over Trump-era China tariffs as inflation looms

Biden officials are fiercely debating whether to lower some of former President Trump’s China tariffs.

Axios

Expats flee as Shanghai's COVID lockdown drags

Shanghai's heavy-handed COVID-19 lockdown is driving scores of foreign residents to flee the commercial centre, denting the appeal of mainland China's most cosmopolitan city and prompting others to rethink their futures in the metropolis.

Reuters

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Japan PM starts Southeast Asia visit with Ukraine, China in focus

Japanese Prime Minister Fumio Kishida kicked off his Southeast Asia tour on Friday, meeting his Indonesian counterpart to discuss regional responses to the Ukraine crisis as well as counter China's growing assertiveness in the region.

Reuters

Apple's Q2 Exceeds Expectations Buoyed By Record Services Revenue, Authorizes $90B Stock Buyback

Apple, Inc. (NASDAQ: AAPL) delivered another strong quarter, just ahead of the intensification of supply chain issues due to COVID disruptions in China.

Benzinga

The world on your wrist

A world timer would have been a useful travel companion for Edouard Bovet, who left London on April 20, 1818, aboard the Orwell, a ship of the Compagnie des Indes, to China. On Aug 16, he arrived in Canton, where he quickly sold four timepieces.

Bangkok Post

India Still Doesn’t Want Tesla Importing Cars From China

The government has made it clear that if it is to allow Tesla to operate in India, the vehicles must be manufactured locally.

InsideEVs

Peter Dutton says Australia should prepare for war. So how likely is a military conflict with China?

We are fated, whether we like it or not, to live in interesting times, having entered, as one prominent observer puts it a “decade of living dangerously”.

The Conversation

4 Commodity Stocks That Wall Street Loves

Growing supply disruptions due to the Russia-Ukraine war and COVID-19 lockdowns in China have propelled commodities prices sky high of late. That is why Wall Street analysts expect the stocks of fundamentally-sound commodity companies W&T Offshore (WTI), TransGlobe Energy (TGA), Weatherford International (WFRD), and Vale (VALE) to deliver solid returns…

StockNews.com

Smith & Nephew Posts Q1 Sales Growth As Elective Procedures Rebound

Smith & Nephew PLC (NYSE:SNN) posted Q1 revenue of $1.31 billion, up 3.3% on a reported basis (including -2.6% currency effect) and up 5.9% on an underlying basis. Sports Medicine & ENT revenue up 8.6% underlying. Advanced Wound Management revenue up 8.0% underlying and Orthopedics revenue up 2.6% underlying Established Markets revenue…

Benzinga

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ABC News

Chisholm is one of the most marginal seats in the country, but many in the Chinese community remain undecided

With almost one in five people in the electorate of Chisholm having Chinese ancestry, that subset of the community could have a big say in who wins the seat. However, the "Chinese community" covers a broad range of experiences and views, and three weeks out from election day, many are…

ABC News

Q+A guest describing ‘constant state' of fear questions politicians over challenges facing young Australians

Appearing on Q+A, the Minister for Employment says that, despite the rise in cost of living and the housing affordability crisis, Australia is still a land of "enormous opportunity" for young people.

StockNews.com

3 Stocks to Buy as Supply Chain Issues Keep Improving

Supply chain disruptions are expected to persist for the rest of 2022 owing to extended COVID-19 lockdowns across several parts of China and the Russia-Ukraine war. However, the Global Supply Chain Pressure Index points to an easing in supply chain pressure since December 2021. If the disruptions continue easing, Honda…

ABC News

Leaked documents reveal Chinese company's aviation plans for Solomon Islands to become a 'regional hub'

Documents from 2019 reveal one of China's largest defence and aerospace companies promised to upgrade dozens of airstrips in Solomon Islands as part of a plan to transform the Pacific Island country into an "aeronautical hub" for the region.

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France 24

Covid-19: China confronts dilemma of lockdown in Beijing as cases hit record high

Chinese authorities are seriously considering imposing a lockdown in Beijing as confirmed cases of Covid-19 in the country's capital topped 100 on Wednesday. But after a much-criticised month-long lockdown in Shanghai, such an option could have a very high economic and political cost.

The Independent UK

Scholz says Germany seeks closer ties with Indo-Pacific

German Chancellor Olaf Scholz says his country wants to strengthen ties with countries in the Indo-Pacific region that share the same values, and work together to end Russia’s aggression in Ukraine

Benzinga

Why A O Smith Shares Are Sliding Today

A O Smith Corp (NYSE:AOS) reported first-quarter FY22 sales growth of 27% year-over-year to $978 million, beating the consensus of $967.05 million. Adjusted EPS improved 31% Y/Y to $0.77, beating the consensus of $0.75. Gross margin contracted 260 bps to 35%. North America segment sales rose 32% to $730.1 million, driven by…

Benzinga

Video-Minded Vobile Nears Major Purchase to Boost Growing China Business

Key Takeaways: Video services company Vobile said it has secured funding for its $127 million purchase of China-based Particle Technology Company’s stock trades at a premium to peers due to its strong profitability and deepening focus on the fast-growing China market By Christina Meng

The Independent UK

Survey: Americans increasingly see China as a threat

Americans are increasingly seeing China as a world superpower and a threat, though growing numbers see it more as a competitor than an enemy

Benzinga

Baidu Aims To Expand Robotaxi Service By 2025; Looks To Become Profitable In 3 Years

Search giant Baidu, Inc (NASDAQ:BIDU) plans to deploy cars without humans behind the wheel on Chinese roads for the first time, Bloomberg reports. Baidu looks to expand Apollo Go into 65 cities across China by 2025 and 100 cities by 2030. The ride-hailing platform currently has about 300 cars nationwide, with each vehicle…

Benzinga

Merck Clocks 50% Q1 Sales Growth Boosted By COVID-19 Treatment, Tightens FY22 EPS Outlook

Merck & Co Inc's (NYSE:MRK) Q1 sales reached $15.90 billion, +50% Y/Y, beating the consensus of $14.68 billion. Excluding the foreign exchange impact, revenues were up 52%. Pharmaceutical sales increased 53% to $14.11 billion, primarily driven by molnupiravir, oncology, vaccines, and hospital acute care products. Pharmaceutical sales growth, excluding Lagevrio sales, was…

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