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The Latest Breaking News from China

Foreign Minister Penny Wong says prime minister won't visit China unless 'progress' is made

The foreign minister says more progress is needed before the prime minister goes to China.

ABC News

China bans US chipmaker Micron from vital infrastructure projects

Tensions over technology continue, after US ban on using TikTok on government phones

The Guardian - UK

Japan, China arranging defence ministers' meeting in June -Kyodo

Japan and China are making arrangements to hold a meeting between their defence ministers on the sidelines of an international conference in Singapore next month, Kyodo news agency said on Monday, citing unnamed sources.

Reuters

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DR Congo leader to visit China this week, minerals trade deal signing expected

The president of minerals-rich Democratic Republic of Congo, Felix Tshisekedi, will visit China from May 24 to 29 and is expected to meet President Xi Jinping to review and sign several key trade deals.

Reuters

Stocks Set to Open Lower as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.14% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

Stocks Set to Open Mixed as Investors Await FOMC Minutes, U.S. Debt-Ceiling Talks in Focus

June S&P 500 futures (ESM23) are down -0.03%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.01% this morning as market participants continued to monitor U.S. debt-ceiling negotiations while awaiting the release of the Fed’s favorite inflation gauge and the minutes of the Federal Reserve’s latest policy meeting.

Barchart

US and Papua New Guinea sign pact amid Pacific militarisation concerns

Concerns security deal could leave Papua New Guinea stuck between increasingly hostile US and China

The Guardian - UK

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First Thing: US debt ceiling talks ‘productive’ as Biden and McCarthy to meet

Sunday night phone call between president and Republican House speaker reported to have struck a more positive tone. Plus, how solar farms took over the California desert

The Guardian - UK

Beijing summons Japanese envoy over ‘anti-China’ G7 summit

Chinese foreign ministry says Japan’s actions were detrimental to China’s sovereignty and security.

Al Jazeera

Iran’s security chief Shamkhani replaced after almost 10 years

Shamkhani was the second-longest-serving security chief since the 1979 revolution.

Al Jazeera

China bars operators from buying chips from US tech firm Micron

China bans US chipmaker Micron days after the G7 members launched veiled criticism of China’s trade practices.

Al Jazeera

India hosts G20 tourism meet in Kashmir under heavy security

It is the first diplomatic event since 2019 when New Delhi revoked region’s limited autonomy and took direct control.

Al Jazeera

Beijing calls Britain US ‘vassal’ and threatens ‘damage’ to UK-China ties after Sunak’s G7 comments

Chinese embassy in UK asks British government to cease ‘always dancing to the tune of the US’

The Independent UK

China urges U.S. to meet it halfway, bring ties back on track

China's foreign ministry on Monday urged the United States to have the right understanding of China, meet it halfway and bring bilateral relations back on track.

Reuters

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The Guardian - UK

Micron shares drop after China bars its chips; UK house asking prices jump – as it happened

Micron products will be banned from key infrastructure projects in China due to ‘serious network security risks’

The Independent UK

G20 officials arrive in disputed Kashmir as India largely puts region's intense security out of view

Delegates from the Group of 20 nations have arrived in Indian-controlled Kashmir to participate in a tourism meeting condemned by China and Pakistan

Caixin Global

Shanghai Composite Index Rose 0.39% on Monday

Shenzhen Component Index closed up 0.32%

The Guardian - AU

Australian climber dies on Everest; NSW officer guilty of assaulting Indigenous boy; and Guy Pearce returning to Neighbours

Jason Kennison’s ascent of world’s highest mountain came 17 years after he was told he might never walk again

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news in one place.

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The Guardian - AU

Comedian Uncle Roger has social media accounts suspended in China

Suspension of standup comedian, otherwise known as Nigel Ng, came after he posted a video making fun of the country’s authoritarian government

ABC News

USDA reports case of mad cow disease in United States but negative trade implications 'unlikely'

The US Department of Agriculture says the atypical case of bovine spongiform encephalopathy, commonly known as mad cow disease, does not present a risk to the food supply or to human health.

The Conversation

A TikTok ban isn't a data security solution. It will be difficult to enforce – and could end up hurting users

Montana has made an unprecedented move to become the first US state to ban TikTok.

The Guardian - AU

China hits back at G7 nations, accusing them of ‘smears’ and ‘slander’

Beijing summons Japan’s ambassador, and warns UK against ‘slander’ as it condemned China-related criticism at Hiroshima summit

Al Jazeera

Papua New Guinea, US sign defence and maritime pact

Blinken says defence and maritime surveillance pact was signed by both countries ‘as equals and sovereign partners’.

Axios

"No basis in fact": U.S. slams China claim that chipmaker Micron poses national security risk

Chinese agency tells operators of "critical information infrastructure" to stop buying Micron's products.

Bangkok Post

China summons Japanese ambassador over G7 summit's hyping up of China-related issues

BEIJING: Chinese Vice Foreign Minister Sun Weidong summoned Japanese ambassador to China Hideo Tarumi on Sunday and lodged solemn representations over the G7 hyping up China-related issues at its Hiroshima summit.

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