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The Latest Breaking News from China

S&P Futures Climb Ahead of Key U.S. Payrolls Data

June S&P 500 futures (ESM23) are trending up +0.41% this morning after three major U.S. benchmark indices finished the regular session in the red as fresh banking sector concerns weighed on sentiment while investors looked ahead to a crucial U.S. nonfarm payrolls report.

Barchart

S&P Futures Climb Ahead of Key U.S. Payrolls Data, Banking Sector Remains in Focus

Barchart

Experts: China Finds Threat in Latest Move by Us-South Korea Alliance

From China’s point of view, President Yoon Suk Yeol is expanding South Korea’s military reach — or seems to be — into the Taiwan Strait, experts say.

The News Lens

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India FM: Global institutions suffer from 'trust deficit'

India’s foreign minister has criticized global institutions’ response to the COVID-19 pandemic and their ability to resolve geopolitical upheaval, saying alternative forums have an opportunity to tackle such challenges

The Independent UK

Ding Liren completes China’s Big Dragon Project

Ding Liren winning the World chess championship at Astana on Sunday is perhaps the culminating point for the Big Dragon Project.

The Hindu

Chinese troops to hold rare joint military exercise in Laos

China will hold a rare joint military exercise with its landlocked neighbour Laos this month as Beijing tries to bolster security ties with regional allies to counter an expanding U.S. presence in Southeast Asia.

Reuters

Shanghai Composite Index Fell 0.48% on Friday

Shenzhen Component Index closed down 0.82%

Caixin Global

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Chess: Ding sets world title landmark and is ‘ready to take on Carlsen’

China’s new world champion became the first since 1886 to lead the title match only in the final game, while the Norwegian implied he will play fewer classical tournaments

The Guardian - UK

Data | The dragon checks in: With Ding Liren’s win, China is on top of the chess world, but India is not far behind

China is the world champion in both Open and women’s chess, but India is in a superior position in terms of talent

The Hindu

Weekly Must-Read: Top Chinese Digital Banks Report More Bad Loans but Higher Earnings

Ant-backed MYbank and Tencent-backed WeBank disclose higher nonperforming loan ratios amid the pandemic yet liquidity metrics remain healthy

Caixin Global

Border situation is ‘stable’, China’s Foreign Minister tells EAM Jaishankar

The situation along the India-China border is generally stable and both sides should draw lessons from history, says visiting Chinese Foreign Minister Qin Gang

The Hindu

Press group: China biggest global jailer of journalists

A press freedom group says China was the biggest global jailer of journalists last year with more than 100 behind bars as President Xi Jinping’s government tightened control over society

The Independent UK

Indonesia held multiple engagements on Myanmar, urges end to violence - minister

Indonesia's foreign minister on Friday confirmed her country had engaged with Thailand, China, India and the United Nations on the crisis in Myanmar, as well as Myanmar's key stakeholders, during which it called for an immediate halt to violence.

Reuters

Marcos says Philippines bases could be 'useful' if Taiwan attacked

Philippines President Ferdinand Marcos Jr said on Thursday that granting U.S. access to Philippine military bases was a defensive step that would be "useful" if China attacked Taiwan.

Reuters

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Bangkok Post

China factories tap brakes on recovery

BEIJING: China's factory activity unexpectedly contracted in April as orders fell and poor domestic demand dragged on the sprawling manufacturing sector, a private survey showed on Thursday, imperilling the broader economic outlook for the second quarter.

Reuters

China assures Russia, India of deepening 'cooperation'

Chinese Foreign Minister Qin Gang assured his Russian and Indian counterparts of deepening bilateral ties, promising that "coordination and cooperation" will only grow stronger, in a show of solidarity with two of China's biggest neighbours.

Bangkok Post

Australia, Thailand, Sweden start strong at International Crown

SAN FRANCISCO: Australia pulled off two victories against defending champion South Korea, and Sweden and Thailand also turned in 2-0 performances to kick off the Hanwha LifePlus International Crown on Thursday.

Bangkok Post

Philippine bases not to be used by US to target China: Marcos

Philippine President Ferdinand Marcos Jr made it clear Thursday the additional military bases in his country that he recently granted the United States access to will not be used to target China or any other country.

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The Independent UK

US to control land sales to foreigners near 8 military bases

Under a proposed rule change, foreign citizens and companies would need U.S. government approval to buy property within 100 miles of eight military bases

Reuters

China's aircraft carriers play 'theatrical' role but pose little threat yet

When China sailed one of its two active aircraft carriers, the Shandong, east of Taiwan last month as part of military drills surrounding the island, it was showcasing a capability that it has yet to master and could take years to perfect.

RideApart

Voge To Bring New DS 525X To Europe In Fall 2023

Chinese manufacturer Voge has launched the new DS 525X in China, and is expected to debut the adventure bike in Europe by Fall 2023.

RideApart

CFMoto's EV Subsidiary Zeeho Launches The C!ty Electric Moped

CFMoto's electric two-wheeler subsidiary Zeeho has launched the C!ty series of electric mopeds in China.

Reason

A Big Issue in Paraguay's Elections Was…Taiwan?

The voters opted to keep the country's ties with the island—a remarkable choice, given that China has become South America's top trading partner.

Bangkok Post

Fruit exports to China to grow 10%

Fresh fruit exports to China are anticipated to increase by at least 10% this year based on better land transport flow as cross-border trade facilitation improves.

The Guardian - US

Canada summons Chinese ambassador after MP and his family harassed

Foreign affairs minister says Cong Peiwu was summoned to express frustration over attempts to meddle in Canadian politics

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