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The Latest Breaking News from China

China's capital sharpens COVID screening to prevent Shanghai-like chaos

Beijing closed some schools and public spaces on Thursday, as most of the Chinese capital's 22 million residents turned up for more mass COVID-19 testing aimed at averting a Shanghai-like lockdown.

Reuters

COVID lockdowns upset the rice bowls of China's commuter workers

When the town of Yanjiao near Beijing was suddenly plunged into a COVID-19 lockdown last month, taxi driver Dong Tiejun was forced to drive hundreds of kilometres to avoid roadblocks and get a passenger to Tianjin, a metropolis on the northeast coast.

Reuters

Biden going to SKorea, Japan in May to discuss China, NKorea

President Joe Biden will travel next month to South Korea and Japan to consult with allies on growing threats from China and North Korea

The Independent UK

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Bill to help Taiwan regain WHO status passes Congress, sent to Biden for signature

The U.S. House of Representatives unanimously passed legislation on Wednesday calling on the State Department to submit a plan to help Taiwan regain its observer status at the World Health Organization, seeking to boost the island as it faces pressure from China.

Reuters

In confrontational message to Beijing, Liz Truss warns of economic retaliation if China fails to ‘play by rules’

G7 alliance should act as ‘economic Nato’ defending members targeted by autocratic regimes, says foreign secretary

The Independent UK

Liz Truss issues threat to China and says Ukraine war must be ‘a catalyst for wider change’

Liz Truss called on the G7 to form an economic Nato in order to deter rogue states

Evening Standard

UK's Truss tells China its rise depends on playing by the rules

British Foreign Secretary Liz Truss on Wednesday warned China that failure to play by global rules would cut short its rise as a superpower, and said the West should ensure that Taiwan can defend itself.

Reuters

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Thailand inks deal with Gansu region

Thailand signed a memorandum of understanding on Wednesday to form deeper trade partnerships through a so-called mini free trade agreement (mini-FTA) with China's Gansu province, aiming to push trade to reach 1.26 billion baht over the next 12 months.

Bangkok Post

Truss says West must overhaul approach to international security

The Foreign Secretary said the G7 should act as an ‘economic Nato’, while there must be ‘no free pass’ for nations which ignore the rules.

The Independent UK

Real 'strategic resources' for security

The war between Russia and Ukraine has lasted over two months since it began on Feb 24. For a long time, Russia has enjoyed the image and influence of a great power, which is mainly reflected in its military strength, and in its 2,000 nuclear weapons, as well as its…

Bangkok Post

China’s Cabinet Vows Stronger Policy to Boost Jobs Amid Covid Upsurge

State Council adds to sweeping guidelines issued Monday for bolstering the economy, offering tax and insurance cost relief for micro, small and medium businesses

Caixin Global

LG Display Clocks 6% Revenue Decline In Q1; Panel Shipments Decline Amid Demand Shrink, China Lockdown

LG Display Co, Ltd (NYSE:LPL) reported a first-quarter FY22 revenue decline of 6% year-on-year to KRW 6.47 trillion. The EBITDA decreased 25.2% Y/Y to KRW 1.2 trillion. LG Display saw a decrease in panel shipments in the quarter due to low seasonality, industry demand shrink, and a continuous decline in LCD panel prices.…

Benzinga

Australians support more foreign aid and a tougher stance on China, Vote Compass data shows

As China seeks stronger relations in the Pacific, many Australians think the government should take a harsher position in its diplomatic dealings, new data shows.

ABC News

Texas Instruments braces for 10% revenue hit from China lockdowns

Dallas-based Texas Instruments said COVID-related lockdown policies in China will cause the semiconductor chipmaker’s revenue to take a 10% hit this spring.

Tribune News Service

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The Guardian - AU

Labor ‘gravely concerned’ by Karen Andrews’ claim about potential China election interference

Kristina Keneally says home affairs minister must clarify comments or brief Labor on intelligence reporting of foreign interference

The Times of India

Online fraud worth Rs 3,000 cr with China links busted, 1 held: UP Cyber Cell

NOIDA: With the arrest of one person from Noida, the Cyber Cell of Uttar Pradesh police on Wednesday claimed to have busted an online fraud nexus worth Rs 3,000 crore with links in China.

InsideEVs

Honda e:NS1 Electric SUV Goes On Sale In China, Starts At $27,000

Built by Dongfeng Honda, the e:NS1 is virtually identical with the e:NP1 made by GAC Honda; both are the Honda brand's first EVs in China.

Newsroom.co.nz

Fifty years of sycophancy to China have left NZ more exposed than protected

At some not-too-distant point New Zealand will have to make an uncomfortable choice between the West and China, writes Peter Dunne

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Benzinga

Natural Killer Cell Therapy Focused-Cytovia Turns To SPAC Merger For Public Market Debut

About 14 months after inking a natural killer cell deal with Cellectis SA (NASDAQ:CLLS), Cytovia plans to list on NASDAQ via a merger with the SPAC Isleworth Healthcare Acquisition Corp (NASDAQ:ISLE). The company went on to create a China joint venture. The biotech teamed up with China-based biotech investor TF Capital to form CytoLynx Therapeutics with…

Benzinga

Caladrius Biosciences To Merge With Privately-Held Cend Therapeutics

Caladrius Biosciences Inc (NASDAQ:CLBS) and privately-held Cend Therapeutics Inc have agreed to merge in an all-stock approximate "merger of equals" transaction approved by the Boards of Directors of each company. The transaction values each company at $90 million, which for Caladrius represents a 136% premium to its market cap on April 26. Following closing, the…

The Guardian - UK

China detects first human case of H3N8 bird flu strain

Experts say widespread transmission of flu in birds is increasing scope for avian viruses to mix and mutate

Benzinga

Vaping Leader RLX Gets Doused by Latest Regulatory Wave

Key Takeaways: Shares of RLX and its peers fell sharply last month after China’s tobacco regulator announced a new ban on flavored vapes starting in May The group got a small boost earlier this month after the country’s market regulator announced new national standards for e-cigarettes By Judy Yang

Benzinga

Oshkosh Q1 Tops Street View; Cuts FY22 Outlook On Inflationary Pressures, Supply Chain Woes

Oshkosh Corp (NYSE:OSK) reported first-quarter FY22 sales growth of 3% year-on-year, to $1.95 billion, beating the consensus of $1.88 billion. Sales from the Access Equipment segment increased 19.6% Y/Y, the Defense segment fell 12.9%, and Fire & Emergency declined 7.9%. Gross margin for the quarter contracted by 630 basis points Y/Y to 10.3%.…

The Independent UK

China, Russia, five others make US property rights blacklist

The United States is putting China, Russia and five other countries on its annual blacklist for lax enforcement of intellectual property rights that leaves American companies vulnerable to copyright and trademark piracy

The Independent UK

Iran seeks to expand its military cooperation with China

Iran’s state media say President Ebrahim Raisi expressed his government's desire for closer cooperation with China during a visit to Tehran by the Chinese defense minister

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