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The Latest Breaking News from China

Data | Clean energy funds rise, but mostly in China, Europe, U.S.

The latest report by the International Energy Agency, ‘World Energy Investment 2023,’ shows that investment in clean energy has increased in recent years, with the transition mainly fuelled by Electric Vehicles (EVs) and renewable power.

The Hindu

China objects to NATO labelling it a "threat" - embassy

China "strongly opposes" NATO repeatedly labelling it a threat, China's embassy to Norway said on Saturday, referring to remarks by NATO Secretary General Jens Stoltenberg during a recent visit to the Scandinavian country.

Reuters

US to China: Let’s talk before the current chill becomes a new cold war

US Secretary of Defense Lloyd Austin says he's deeply concerned by China's unwillingness to engage on military crisis management

The New Daily

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China blasts US after Washington says talks key to avoid ‘crisis’

US Secretary of Defense Lloyd Austin tells Asian security summit that lines of communication with China are crucial.

Al Jazeera

US, allies clash with Russia, China over North Korea's failed military spy satellite launch

The United States and its allies clashed with Russia and China over North Korea’s failed launch of a military spy satellite this week in violation of multiple U.N. Security Council resolutions, which Moscow and Beijing refused to condemn

The Independent UK

US Defense Secretary Austin says Washington won't stand for 'coercion and bullying' from China

American Secretary of Defense Lloyd Austin says Washington would not stand for any “coercion and bullying” of its allies and partners by China, while assuring Beijing that the United States remains committed to maintaining the status quo on Taiwan and would prefer dialogue over conflict

The Independent UK

Report of Wuhan-Disney talks was fake, Chinese official media says

A report on Saturday that the Chinese city of Wuhan was in talks with Walt Disney Co over a potential project was fake, Chinese official media said, citing the company.

Reuters

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U.S., China trade blame as hopes for military dialogue fade

U.S. Secretary of Defense Lloyd Austin rebuked China on Saturday for refusing to hold military talks, leaving the superpowers deadlocked over Taiwan and territorial disputes in the South China Sea.

Reuters

Are Chinese Cars Really Invading The West?

Thus far, Chinese automakers only have a two-percent market share in Europe.

Motor1

China's youth unemployment problem

This month, China released official statistics showing that its unemployment rate for young people (16-24 years old) reached a record high of 20.4% in April. Worse, the news comes just one month before another 11.6 million students will graduate from college and vocational schools and enter the job market.

Bangkok Post

PM issues summit warning, against tense US China backdrop

Prime Minister Anthony Albanese is set to visit Hanoi as Vietnam seeks closer trade, investment and people ties with Australia.

The New Daily

Another China Development Bank Ex-Official Comes Under Probe

Graft busters focus on Mao Juncai, former president of top policy lender’s Shanghai branch, adding to a long list of scandals

Caixin Global

Elon Musk Speaks At Tesla's Giga Shanghai, Raves About Positive Energy

Tesla CEO Elon Musk is a huge fan of his Tesla China team and employees. Before leaving China, he headed to the factory to give them the utmost praise.

InsideEVs

China's snub of U.S. military leader highlights escalation risk

Brief smiles and handshakes by U.S. and Chinese military leaders at a luxury hotel in Singapore on Friday belie a deep freeze in communications between the two armed forces that is becoming a growing worry at the Pentagon.

Reuters

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Barchart

Lululemon’s Unusual Options Activity Is Worth a Look

Lululemon reported Q1 2o23 earnings Thursday after the close. Like a broken record, LULU continues to underpromise and overdeliver. Up more than 12% in Friday trading, here's why you want to look closely at the apparel brand’s unusual options activity.

InsideEVs

North America Is Now The Fastest-Growing Battery Manufacturing Hub

North America surpassed Europe in 2022 in battery manufacturing prowess, but it still lags way behind China.

InsideEVs

Tesla Model Y Long Range In Canada Is Now Officially Chinese Import

If you buy a Tesla Model Y Long Range in Canada now, it will likely be coming to you overseas from Tesla's Giga Shanghai factory.

The Guardian - AU

US-China war not inevitable, Albanese says, urging countries to ‘prevent a worst-case scenario’

Prime minister also seeks to reassure regional nations wary about Australia’s reasons for acquiring nuclear submarines under Aukus pact

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The Times of India

WTA releases updated 2023 calendar with Chinese events

The governing body of women's tennis revealed its calendar on Friday for the latter part of 2023, including the resumption of operations in China. As part of the calendar, China will host a WTA 1000 tournament in Beijing in September, marking the return of top-tier women's tennis to the country.

Reuters

US CIA chief Burns visited China in May

CIA director William Burns visited China last month for talks with Chinese counterparts, two U.S. officials said on Friday as Washington seeks to boost communications with Beijing.

Reuters

US does not need to boost nuclear arsenal to deter Russia, China

The United States does not believe it needs to increase the size of its own nuclear arsenal in order to deter the combined forces of Russia, China and other rivals, White House national security adviser Jake Sullivan said on Friday.

Al Jazeera

Asia security summit begins amid US-China tensions

The Shangri-La Dialogue attracts military officers, diplomats, arms makers and security analysts from around the globe.

Reuters

U.S., China defense chiefs shake hands at security summit, but no 'substantive exchange'

U.S. Defense Secretary Lloyd Austin shook hands with China's Minister of National Defense Li Shangfu on the sidelines of a security summit in Singapore but the two did not have a "substantive exchange," the Pentagon said on Friday.

RideApart

CFMoto Unveils The CLC 450 Bobber In China

CFMoto has launched the CLC 450 Bobber in China, with a global launch anticipated in the near future.

The Conversation

Dialogue is vital 'guardrail' in dealing with China, Albanese tells international security forum

Prime Minister Anthony Albanese has told a regional security forum that dialogue is a vital “guardrail” in dealing with China, and praised US President Joe Biden’s effort to establish “reliable and open” US-China channels of communication.

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