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The Latest Breaking News from China

Uniqlo Owner Sees Big Profit Drop in China Due to COVID Restrictions

Clothing brand Uniqlo's Japanese owner said on Thursday its China operation would report a large profit decline in the current fiscal year owing to the country's COVID-19 restrictions. Fast Retailing is a bellwether for how major global retailers are being impacted by COVID-related shutdowns in China, one of the biggest…

Asharq Al-Awsat

Hermes Q1 Sales Rise 27% at Constant Exchange Rate

Sales at Birkin bag maker Hermes beat estimates in the first quarter, lifted by strong appetite for its luxury accessories, particularly in the United States and Europe, as the sector powers through turbulence from the war in Ukraine and COVID lockdowns in China. The French luxury group said revenues at…

Asharq Al-Awsat

Recent Probe Into Jack Ma's Ant Group Involved China Corruption Watchdog: Report

China’s corruption watchdog Central Commission for Discipline Inspection was among the top state agencies involved in a recent inquiry into links between Billionaire Jack Ma’s Ant Group Co. and state-owned Chinese companies, according to a

Benzinga

From analysis to the latest developments in health,
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Shanghai Composite Index Rose 1.22% on Thursday

Shenzhen Component Index closed up 1.27%

Caixin Global

As ‘zero COVID’ bites, China’s leadership sounds alarm on economy

Beijing’s draconian ‘dynamic zero-COVID’ policies and global uncertainties cast doubt on 5.5 percent growth target.

Al Jazeera

How should the next Australian government handle the Pacific?

This is part of a foreign policy election series looking at how Australia’s relations with the world have changed since the Morrison government came to power. You can read the first piece in the series here.

The Conversation

Shanghai cases hit record as Xi reiterates urgency of COVID curbs

China's financial hub Shanghai reported over 27,000 coronavirus cases on Thursday, a new high, a day after President Xi Jinping said that the country must continue with its strict "dynamic COVID clearance" policy and pandemic control measures.

Reuters

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Xi Jinping: China must stick to 'Covid Zero' even as costs mount

BEIJING: Chinese President Xi Jinping says his government will stick to its zero-tolerance approach to Covid even as public anger simmers in Shanghai and economic costs mount.

The Times of India

Iran Says Preliminary Deal Reached on Frozen Funds

The Iranian foreign minister said Wednesday that a preliminary deal had been reached with a foreign bank over frozen funds belonging to Iran. "An accord was concluded with a foreign bank to release a part of our financial claims," Hossein Amir-Abdollahian said at a news conference. "This is a preliminary…

Asharq Al-Awsat

Xi says China must stick to COVID zero tolerance policy even as costs mount

Chinese President Xi Jinping says his government will stick to its zero tolerance approach to COVID-19 even as public anger simmers in Shanghai and economic costs mount.

Tribune News Service

Commentary: China can teach the West a lesson on inflation

Judging by the latest inflation numbers, developed nations are turning into emerging markets. The U.S. reported 8.5% year-on-year jump in March, while inflation in the U.K. soared to 7%, a 30-year high. Meanwhile, Chinese consumers saw only a 1.5% rise in prices last month.

Tribune News Service

Sri Lanka on the Brink

How the Pandemic and War in Ukraine Led to Economic Collapse

Foreign Affairs

U.S. pushes U.N. to cut N.Korea oil imports, ban tobacco, blacklist Lazarus hackers

The United States is pushing the U.N. Security Council to further sanction North Korea over its renewed ballistic missile launches by banning tobacco and halving oil exports to the country and blacklisting the Lazarus hacking group, according to a draft resolution reviewed by Reuters on Wednesday.

Reuters

Inflation, China competition bill will headline Biden’s stop in battleground North Carolina

President Joe Biden will continue his travels to promote efforts to combat inflation with a visit to Greensboro, North Carolina, on Thursday to urge congressional action to finalize work on a bipartisan competitiveness bill as Democrats seek to hold both chambers of Congress.

Tribune News Service

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Tribune News Service

Yellen challenges China in ‘moment for choosing’ on world order

WASHINGTON — Treasury Secretary Janet Yellen has sketched out her vision for a new era of economic cooperation among nations that share key values and principles, in a sweeping speech that laid down a stern challenge to China.

Bangkok Post

EV Primus optimistic on outlook for electric vehicles

EV Primus Co, the distributor of China's second largest automaker DFSK (Dongfeng), expects a bustling electric vehicle (EV) industry in Thailand as more Chinese car companies enter the market following the launch of the government's EV incentive package.

Tribune News Service

Yellen talks tough on China, warning of fallout over Russia ties

WASHINGTON — Treasury Secretary Janet Yellen on Wednesday delivered a pointed warning to China on its alignment with Russia, suggesting potential economic consequences from the international community depending on how it approaches President Vladimir Putin’s invasion of Ukraine.

The Conversation

From handshakes to threats: can the election bring a fresh start in our fractured relationship with China?

This is the first piece in a foreign policy election series looking at how Australia’s relations with the world have changed under the Morrison government.

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news in one place.

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The Conversation

Complacency, conflict and dodging nuclear cataclysm: the not so great power politics of China, the US and Australia

Many foreign policy specialists think there is something universal about the threats nation states face. Russia’s brutal invasion of Ukraine is a reminder that uncertainty is a perpetual feature of international affairs.

The Hindu

Beijing’s move, India’s turn

If this moment provides for a reset of India’s ties with China, it will alter New Delhi’s relationship with the U.S.

InsideEVs

China: Tesla Model Y Becomes Top-Selling Crossover/SUV In March And Q1 2022

The Tesla Model Y achieved amazing sales success in China last month and during Q1 2022, becoming the top-selling model among all crossover/SUVs.

Benzinga

KeyBanc Cuts Carrier Global's Price Target By 10%

KeyBanc analyst Jeffrey Hammond lowered the price target for Carrier Global Corp (NYSE:CARR) to $54 (an upside of 28.5%) from $60 to reflect broadly lower multiples in the HVAC space. The analyst maintained the Overweight rating on the shares. According to Hammond, sporadic supply chain challenges remain in the spotlight. The analyst believes supply chain…

ABC News

Shanghai's messy COVID-19 lockdown forcing foreign workers to rethink life in China's financial hub

Shanghai authorities may be loosening one of the world's strictest lockdowns, but after weeks of uncertainty and food shortages, many foreign workers are considering leaving.

Roll Call

Inflation, China competition bill to headline Biden’s stop in battleground N.C.

President Biden is expected to press for congressional action on a China competitiveness bill, arguing it would lower inflation.

The Guardian - UK

China’s trade with Russia up by 12% in March from a year earlier

Increase outstrips 7.75% growth in China’s global trade, suggesting Beijing is maintaining strong links with Moscow

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