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The Latest Breaking News from China

Gold bars used to lure Chinese homebuyers amid market slowdown

Property developers struggle to rebuild confidence in housing market after three years of economic pain

The Guardian - UK

How Latin America became the battleground in Cold War 2.0

Latin America is serving as a proxy battleground for a new Cold War as China, Iran and Russia seek to build influence, exploit resources and undermine the United States in the region.

The Week

Lionel Messi stopped at Beijing Airport and quizzed by border guards over passport confusion

Lionel Messi is expected to feature for Argentina in their international friendly against Australia later this week - days after being stopped at Beijing Airport

Daily Mirror

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The Top 2 Bank Stocks to Watch This Week and 1 to Avoid

The U.S. banking sector has been under immense pressure following the collapses of three major regional banks. With the bank turmoil far from over, it could be wise to add fundamentally sound foreign bank stocks China Minsheng (CMAKY) and Grupo Financiero (GGAL) to your watchlist this week, which are positioned…

StockNews.com

Tesla Unveils New Giga Laboratory Showroom In China

Called the “Giga Laboratory,” the new retail concept recently opened in China and looks like an immaculate, sci-fi location, with all-white cars and accessories put on display, as well as several production-related props such as assembly robots and EV components.

InsideEVs

Ex-Samsung exec charged with stealing trade secrets to create copycat chip factory in China

South Korean prosecutors have arrested and indicted a former executive of Samsung Electronics suspected of stealing trade secrets while attempting to establish a copycat computer chip plant in China

The Independent UK

Saudi Arabia, China’s tourists and Sino-Saudi relations

Tourism is a pillar of Saudi Vision 2030, and China ranks very high globally as a source of tourists.

Al Jazeera

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Saudi Arabia signs $5.6bn EV deal as it eyes closer China ties

Riyadh leads the Arab region in boosting trade ties with Beijing as it looks to diversify its economy away from oil.

Al Jazeera

Stocks Set to Open Higher as Investors Await Fed Meeting, Inflation Data

June S&P 500 futures (ESM23) are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.46% this morning as market participants looked ahead to the latest U.S. inflation data and the Federal Reserve’s interest rate decision this week.

Barchart

The U.S. dollar conquered the world. Is it at risk of losing its top spot?

The dollar has helped make the U.S. the most economically powerful country for most of the last century, but other countries – including rivals like China – have the greenback on their sights.

WEKU

Ex-Samsung exec accused of building copycat chip plant in China

A former Samsung Electronics Co executive allegedly stole blueprints and designs to try and replicate an entire semiconductor plant in China, Korean prosecutors said in outlining an unusual attempt to establish world-class chipmaking capabilities in the world’s No 2 economy.

Bangkok Post

Last Indian journalist in China asked to leave within this month

The sole remaining Indian journalist on Chinese soil has been asked to leave the country within the current month, Bloomberg reported on Monday. It cited sources as saying that Chinese authorities have asked the Press Trust of India correspondent to depart. A Hindustan Times reporter in China also left the…

Newslaundry

Fisker To Open Delivery Center In China This Year, Start Deliveries In Q1 2024

The Californian EV maker recently announced that deliveries of its first product – the Ocean SUV – will begin next week in the United States with an EPA-rated range of up to 360 miles.

InsideEVs

China expands nuclear arsenal as global tensions grow: study

STOCKHOLM: The nuclear arsenals of several countries, especially China, grew last year and other atomic powers continued to modernise theirs as geopolitical tensions rise, researchers said Monday.

Bangkok Post

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Caixin Global

Editorial: Harmony in Diversity: Cultivating a New Open Landscape

To forge a new paradigm of openness, China should proceed with reforming institutions and continue cultivating exchanges of important business people and other civilians

Al Jazeera

China, other states, fortify nuclear weapons arsenals: Report

Think tank says China had 17 percent more nuclear warheads in January 2023 compared with the year before.

Bangkok Post

‘Decade of emerging markets’ may be about to regain traction

Emerging-market bulls are still upbeat on the asset class, even after China’s highly-touted reopening rally fizzled and proved Wall Street’s early 2023 optimism to be misplaced.

Caixin Global

Shanghai Composite Index Fell 0.08% on Monday

Shenzhen Component Index closed up 0.74%

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news in one place.

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The Independent UK

China struggles with weak post-COVID economic recovery

China's manufacturing and consumer spending are weakening after a strong start to 2023 after anti-virus controls ended

The Guardian - UK

US and China take steps towards thaw as Blinken prepares to visit Beijing, but mistrust remains

Effort is being stepped up to rebuild relations after the spy ballon incident led to Blinken’s original visit being cancelled

The Independent UK

US aims to rejoin UN scientific and educational organization to push back on China

The Biden administration says the U.S. will rejoin the U.N.'s educational and scientific organization after a five-year absence that began while Donald Trump was president

The Guardian - UK

Number of nuclear weapons held by major powers rising, says thinktank

There are now an estimated 12,512 warheads across the globe, with most of the new ones in military stockpiles said to be China’s

InsideEVs

China: Plug-In Car Sales In April 2023 Exceeded 500,000

Some 539,563 new passenger plug-in electric cars were registered in China in April, which is 93 percent more than a year ago.

Bangkok Post

Asia's food mecca

Every year, hungry travellers from Thailand and around the world visit Italy, the UK, Singapore, China, Hong Kong, Japan, South Korea and Taiwan to indulge in renowned dishes from these countries.

The Conversation

Succession on the Tibetan plateau: what's at stake in the battle over the Dalai Lama's reincarnation?

In China, a group of atheists (the Chinese Communist Party) has long dictated how the country’s religious groups should practice their faiths.

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