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The Latest Breaking News from China

Veteran Chinese Astronaut To Lead Fresh Crew To Space Station

China announced Wednesday that a veteran astronaut will lead two crew members on their first flight to the Tiangong space station, the latest milestone in the country's race to send a manned mission to the moon by 2030.

International Business Times

Tesla earnings decline as anti-Elon Musk sentiment hampers sales

Tesla’s first-quarter automotive revenue dropped 20% year-on-year due to reduced deliveries affected by anti-Musk sentiment, factory retooling, and seasonal factors. The company also faces supply chain and cost challenges linked to the US–China trade war.

Euronews

Ukraine’s Zelenskyy claims Chinese nationals helping Russia produce drones

Kyiv summons China’s ambassador to Ukraine over the role of ‘Chinese citizens in hostilities against Ukraine’.

Al Jazeera

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China reveals new team of astronauts for space station launch

China announced the members of a three-person crew that will be launched to its space station as part of its growing exploration of space

The Independent UK

Asian Markets Rally As Trump Comments Ease Fed, China Trade Fears

Asian stocks rallied with Wall Street on Wednesday after Donald Trump said he had "no intention" of firing the head of the Federal Reserve and that eye-watering tariffs on China would be slashed drastically.

International Business Times

Trump Says Won't Fire Fed Chief, Signals China Tariffs Will Come Down

Donald Trump said Tuesday he had no intention of firing the chair of the US Federal Reserve and signalled a "substantial" lowering of tariffs on China -- moves that brought relief to global markets spooked by his aggressive policies.

International Business Times

Australian shares trade up to pre-Liberation Day levels

The Australian share market has rallied alongside its Asian counterparts as glimmers of hope appear on the horizon of the US-China trade war.

AAP

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Trump backs off threat to fire Fed Chair Powell, as stock market surges

Wall Street rallies after US Treasury Secretary says trade war with China ‘unsustainable’.

Al Jazeera

Trump news at a glance: president will be ‘very nice’ to China; Musk to step back from Doge

Donald Trump says tariffs on China will be dropped “substantially” as IMF warns of ‘major negative shock’ from tariffs – key US politics stories from 22 April

The Guardian - US

Chinese Cars Go From 'Announced' To 'On The Road' Very Quickly

They call it “China Speed.”

InsideEVs

Auto Shanghai Showcases New EV Era Despite Tariff Speedbumps

The world's largest auto industry expo opens its doors Wednesday in Shanghai, showcasing the new electric world order even as mounting trade barriers risk dampening China's global ambitions.

International Business Times

EVs in the spotlight as China claims a leading global role at Shanghai's auto show

Leading automakers will be showcasing their latest designed-for-China models at the Shanghai auto show this week

The Independent UK

Trump says China tariffs will drop ‘substantially – but it won’t be zero’

US president says tariffs on imported goods will come down from 145% rate but insists ‘we’re doing fine with China’

The Guardian - UK

Trump, Bessent hint at tariff cooldown

Trump administration officials have changed their tune on tariffs as new forecasts predict dark days ahead

Salon

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The Independent UK

Judd Trump on top while Ronnie O’Sullivan grinds out lead at Crucible

China’s successful World Championship continued as Ding Junhui and Si Jiahui both reached the last 16.

The Independent UK

Trump admits China’s tariffs will drop ‘but it won’t be zero’

Trump’s massive import taxes have roiled stock markets since he announced them on April 1

Laptop

Gaming handhelds might be the next victim of U.S. import tariffs

Bad news for handheld gaming

Barchart

Stocks Rebound Sharply on Trade Deal Optimism

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +2.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +2.66%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +2.63%. June E-mini S&P futures (ESM25 ) are up +2.52%, and June E-mini Nasdaq futures...

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Kiplinger

Stock Market Today: Stocks Soar on China Trade Talk Hopes

Treasury Secretary Bessent said current U.S.-China trade relations are unsustainable and signaled hopes for negotiations.

The Conversation

Port of Darwin’s struggling Chinese leaseholder may welcome an Australian buy-out

Far from causing trade frictions, an Australian buyout of the Port of Darwin lease may provide a lifeline for its struggling Chinese parent company Landbridge Group.

InsideEVs

Most EV Buyers In The U.S. Won’t Buy A Gas Car Again: Study

Electric vehicles aren’t just better for the environment, they’re increasingly the smarter economic choice for your wallet, too. And according to a new McKinsey Company study, once people make the switch, they rarely look back.

Barchart

Dollar Rebounds on US Trade Deal Optimism

The dollar index (DXY00 ) Tuesday rose by +0.65%. The dollar rallied moderately Tuesday and rebounded from Monday's 3-year low. Short covering emerged in the dollar Tuesday on trade deal optimism after US trade negotiators said they have made "significant progress" toward a bilateral trade deal with India following talks...

Motor1

Audi's First China-Only Car Has Huge Power

We've seen teasers from all-caps AUDI for several months. Now, the first car from the new China-specific version of Audi is here. Say hello to the E5 Sportback, an electric-only four-door hatch available with up to 776 horsepower. And you won't see it anywhere else in the world.

International Business Times

US Treasury Chief Expects China Tariff Impasse To De-escalate

The trade standoff between Washington and Beijing is not sustainable, US Treasury Scott Bessent said Tuesday, predicting the tit-for-tat tariff war would de-escalate soon.

TechRadar

Chinese tech companies want to enter the US market despite trade and tariff war

These Chinese companies are reportedly considering IPOs in the US despite the ongoing trade war.

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