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The Latest Breaking News from China

Rishi Sunak cites cheap beer and sanitary products as benefits of Brexit

On his way to the G7 summit, the prime minster insists household income is ‘outperforming’ expectations

The Guardian - UK

Biden says he and China's Xi will meet, 'whether it's soon or not'

U.S. President Joe Biden said on Wednesday he would speak with China's President Xi Jinping, but did not say when.

Reuters

Ukraine tells Chinese envoy it won't accept ceding land to Russia

Ukraine's foreign minister told a top Chinese envoy at talks in Kyiv on Wednesday that Kyiv would not accept any proposals to end the war with Russia that involved it losing territory or freezing the conflict, the Ukrainian foreign ministry said.

Reuters

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Could Liz Truss’ visit to Taiwan start a culture war in the Tory Party?

‘Instagram diplomacy’? The ex PM has set a cat among the Tory pigeons and unleashed a mighty foreign policy row as she lands in Taiwan on a one-woman mission to shore up the country’s independence, says Anne McElvoy

Evening Standard

Tesla May Expand China Factory: More Powertrain Production, New Batteries

Tesla's Giga Shanghai already has the capacity to produce just shy of 1 million EVs per year, and the potential expansion could dial that up significantly.

InsideEVs

India launches $2 billion drive to woo laptop makers like Apple

NEW DELHI: India is unveiling a 170 billion-rupee ($2.1 billion) financial incentive plan to draw makers of laptops, tablets and other hardware to the South Asian nation as companies look to diversify supply chains beyond China.

The Times of India

UN expert says Russia, China sending deadly aid to Myanmar's military

Myanmar’s military has imported at least $1 billion in arms and other material since it staged a coup in February 2021, a UN expert said on Wednesday in a new report that calls out Russia and China for aiding the junta's deadly campaign to crush its opposition.

Reuters

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Former world leaders urge G7 to get nuclear arms control back on track

Exclusive: Letter calls on US and Russia to isolate weapons agreements from other disputes

The Guardian - UK

Markets Today: Stocks Climb on Hopes for Debt Ceiling Progress

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.14%. U.S. stock index futures this morning are moderately higher on hopes for progress in the debt ceiling negotiations. The talks have shifted to a narrower...

Barchart

How China uses 'geostrategic corruption' to exert its influence in Latin America

Corruption has long been a scourge in parts of Latin America.

The Conversation

Sunak U-turn on ban for China’s Confucius Institute like ‘script for Yes Minister’

The retreat has been criticised by Tory backbenchers, with former prime minister Liz Truss urging Rishi Sunak to deliver on his leadership promises

The Independent UK

Sudirman Cup badminton tournament | India end campaign with 4-1 win over Australia

Already out of the knockout race, India signed off their campaign in the Sudirman Cup badminton tournament with a 4-1 win over Australia in their final Group C tie in Suzhou, China on May 17, 2023

The Hindu

Taiwan opposition party picks New Taipei mayor, a former police chief, as its presidential candidate

Taiwan’s opposition Nationalist Party has picked the popular mayor of New Taipei City as its candidate in next year’s presidential election, seen as a referendum on the island’s future relations with China

The Independent UK

China's Xi pledges deeper Kazakh ties in times of 'prosperity and adversity'

China wants to further deepen relations with Kazakhstan in times of both "prosperity and adversity", President Xi Jinping told his visiting Kazakh counterpart on Wednesday.

Reuters

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The Independent UK

Sunak backtracks on leadership pledge to shut down Confucius Institutes

The retreat has been criticised by Tory backbenchers, with former prime minister Liz Truss urging Rishi Sunak to deliver on his leadership promises.

Reuters

With China looming, Biden plans new Pacific islands summit after PNG no-show

U.S. President Joe Biden will arrange another summit of Pacific island leaders this year after the disappointment caused by his cancellation of a visit to Papua New Guinea due to the domestic debt ceiling crisis, his national security adviser said on Wednesday.

Daily Mirror

Elon Musk says US and China tensions over Taiwan control should be 'concern for everyone'

The Twitter CEO described the Chinese economy and global economy like 'conjoined twins' as he warned of the potential catastrophic impact of a Chinese invasion of Taiwan

Reuters

At Japan's G7 summit, the big elephants are China and Russia

The longest shadows at the Group of Seven (G7) leaders' summit this week will be cast by two countries that weren't even invited to the Hiroshima gathering: China and Russia.

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Chicago Sun-Times

How a Chicago-area journalist helped prove an unassuming wristwatch once belonged to China’s last emperor

The Patek Philippe watch once owned by Emperor Aisingyoro Puyi is set to be auctioned May 23, thanks in part to the work of journalist Russell Working. It’s expected to sell for millions of dollars.

Barchart

Stock Index Futures Move Higher on Signs of Optimism Over Debt-Ceiling Talks, Target Earnings on Tap

June S&P 500 futures (ESM23) are up +0.30%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.20% this morning as market participants pinned hopes on talks in Washington to resolve the deadlock on raising the U.S. debt ceiling.

Reuters

China looks to strengthen ties in Russia's Central Asian backyard

XIAN, China -China will for the first time host an in-person summit of central Asian leaders this week, seeking to cement ties in a region seen as Russia's backyard as its relations with the West sour.

Barchart

Stock Index Futures Move Higher as U.S. Debt Ceiling Talks Take Center Stage, Target Earnings on Tap

June S&P 500 futures (ESM23) are up +0.23%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.11% this morning after three major U.S. benchmark indices finished the regular session lower as market participants worried about whether the outcome of the U.S. debt ceiling talks would result in staving off…

France 24

Former Apple employee charged with theft of tech secrets amid DOJ crackdown

US prosecutors have indicted a former Apple engineer for theft of trade secrets after he fled to China with proprietary self-driving technology. Also in this edition: US senators lambaste executives of collapsed mid-sized lenders for evading responsibility after their banks' implosions, and France unveils new subsidies to support green industrial…

Bangkok Post

LGBT centre in Beijing shut down

BEIJING: An advocacy group for sexual minorities in the Chinese capital has abruptly shut down in what supporters said was another sign of a crackdown by the government of Xi Jinping on values it does not endorse.

WEKU

China dominates the solar power industry. The EU wants to change that

Germany was a pioneer in the solar power industry, but succumbed to competition from China. Now, Germany — and the European Union — are trying to revitalize the industry once again.

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