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The Latest Breaking News from China

China Rehearses Taiwan Blockade as US Deploys Destroyer

Military drills close to Taiwan have continued for a third day as Chinese forces carried out simulated aerial and naval blockades.

The News Lens

Look out, Tesla: China’s biggest electric-car maker wants to take on the world

BYD is rapidly expanding outside its home country to challenge established auto giants.

Fortune

Financial advisor says he helped launder €225 million for Kinahans in banks, wine, crypto and art

He put together a scheme where the Kinahans would transfer money from China to places including the Cayman Islands

Irish Mirror

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The making of Binance’s CZ: An exclusive look at the forces that shaped crypto’s most powerful founder

How China's hardball startup culture, Canada's Asian immigrant community, and "Rich Dad Poor Dad" helped Changpeng Zhao become a mild-mannered but sharp-elbowed competitor.

Fortune

Editorial: How to Reverse the Decline in Foreign Investment in China

Holding to the principles of reform could help break a deadlock in a landmark EU investment pact that is vital to reversing the recent decline in FDI

Caixin Global

Opinion: A Large Voucher Rollout Is Feasible Solution to Spur China’s Consumption

Issuing 300 billion yuan of vouchers can increase domestic consumption by as much as 1 trillion yuan

Caixin Global

Philippines rules out 'offensive actions' on bases US can use

The Philippines will not allow "any offensive actions" from the bases it has opened to US troops, President Ferdinand Marcos said Monday.

Bangkok Post

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Philippines tells China sites for U.S. military pact not for 'offensive action'

Philippine President Ferdinand Marcos Jr assured China on Monday that military bases accessible to the United States would not be used in any offensive action, stressing the arrangement with Washington was designed to boost his country's defences.

Reuters

Australia to discuss China and Russia at NATO summit

The world's most influential military alliance has invited Australia to attend an upcoming summit, with China and Russia expected to dominate discussions.

AAP

Chinese 'seal off' Taiwan, US deploys destroyer as war games unfold

China simulated "sealing off" Taiwan on a third day of wargames around the self-ruled nationalist island on Monday, as the United States deployed a naval destroyer into waters claimed by Beijing.

Radio France Internationale

EU concerned by Chinese drills around Taiwan, calls for restraint

The European Union expressed concern on Monday over Chinese military drills around Taiwan, saying the island's status should not be changed by force as any escalation, accident or use of force there would have huge global implications.

Reuters

Tesla signs deal for 'Megapack' factory in Shanghai

After building an electric vehicle factory in Shanghai in 2019, the US company has signed an agreement to build another plant in the city, this time to make large-scale energy storage units known as "megapacks". With the agreement, Elon Musk's company is doubling down on its China investments, amid increasing…

France 24

Mini's New Personal Assistant Is An Animated English Bulldog

It makes its debut onboard the Aceman concept in China.

Motor1

India launches villages programme in Arunachal, ignores angry China

India's powerful home minister on Monday visited a Himalayan frontier state that China claims as part of its territory to launch a 48 billion rupee ($585 million) development scheme he said would add to the security of the unmarked border.

Reuters

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Dynamite News

International: 70 Chinese military aircrafts, 11 warships tracked around Taiwan

Taiwan's Defence Ministry detected 70 Chinese military aircrafts and 11 naval ships around Taiwan on Monday. Read further on Dynamite news:

Asharq Al-Awsat

US Scrambles to Trace Source of Highly Classified Intel Leak

Classified documents that appeared online, with details ranging from Ukraine's air defenses to Israel's Mossad spy agency, have US officials scrambling to identify the leak's source, with some experts saying it could be an American. Officials say the breadth of topics addressed in the documents, which touch on the war…

Caixin Global

Shanghai Composite Index Fell 0.37% on Monday

Shenzhen Component Index closed down 0.8%

InsideEVs

Tesla Will Build A New Megafactory In China

This will be the second so-called Megafactory in Tesla’s portfolio, after the one that opened in 2022 in California.

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Reuters

Mongolia grass fires threaten border with China - Chinese state media

Grassland fires from Mongolia on Monday threatened to spread across the border to China, spurring local Chinese authorities to dispatch teams to intercept them to avert a major blaze, Chinese state media reported.

The Independent UK

Watch: Taiwan Air Force scrambles jets amid China threats after leader’s US trip

The Taiwan Air Force scrambled jets amid military threats from China on Monday, 10 April, after president Tsai Ing-wen’s meeting with the speaker of the US House of Representatives Kevin McCarthy in California last week.

AAP

Footprint find in Chinese restaurant proves dino-mite

An eagle-eyed diner has uncovered prehistoric dinosaur footprints at a restaurant in China.

Asharq Al-Awsat

China Practices Blockades on Last Scheduled Day of Taiwan Drills

China's military carried out aerial and naval blockade drills around Taiwan on Monday, its last scheduled day of exercises, with a Chinese aircraft carrier joining in combat patrols as Taipei reported another surge of warplanes near the island. China announced the three days of drills on Saturday, after Taiwan's President…

Reuters

China hands lengthy jail terms to two lawyers in rights crackdown

A Chinese court sentenced two prominent human rights lawyers on Monday to jail terms of more than a decade each, a relative and rights groups told Reuters, the latest move in a years-long crackdown on civil society by President Xi Jinping.

Bangkok Post

Malaysia-China industrial park continues to boost east coast development, says Malaysian official

KUALA LUMPUR: The Malaysia-China Kuantan Industrial Park (MCKIP) has remained a key economic driver along Malaysia's east coast a decade after its launch, boosting industrial output and job creation, said an official overseeing the region's development.

Bangkok Post

Chinese yuan strengthens to 6.8764 against USD Monday

BEIJING: The central parity rate of the Chinese currency renminbi, or the yuan, strengthened 74 pips to 6.8764 against the US dollar Monday, according to the China Foreign Exchange Trade System.

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