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The Latest Breaking News from China

GM’s Electric Sedan Concept Takes a Page From Mercedes-Benz With Gullwing Doors

The Buick Proxima concept comes out of GM China’s design studio featuring gullwing doors and a spacious interior.

Inverse

Chinese E-Commerce Companies Undercut by Weak Chinese Economy and Increased Competition

The faltering recovery in China has spurred investors to raise their bearish wagers on Chinese e-commerce stocks. For example, short interest in PDD Holdings (PDD ) has risen to about 8% of total shares outstanding, according to IHS Markit data. That’s higher than e-commerce peers JD.com (JD ) and Alibaba...

Barchart

Paul Keating sent explosive email to Labor cabinet two hours before attack on Aukus, FOI documents reveal

Exclusive: Former PM warned cabinet ministers over China, Pacific and US hegemony in lead-up to his pointed speech at National Press Club

The Guardian - AU

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Zongshen’s RX650 Is A Norton-Powered Adventure-Tourer Loaded With Tech

Chinese manufacturer Zongshen has showcased the RX650 in China, its newest adventure-tourer packing a Norton engine and tons of tech.

RideApart

Markets Today: Stocks Slightly Higher on Strength in Tesla and Netflix

Morning Markets June E-Mini S&P 500 futures (ESM2 3) this morning are up +0.09%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.11%. U.S. stock index futures this morning are slightly higher. Tesla and Netflix are up more than +3% in pre-market trading to lift the overall market....

Barchart

Human rights and regional security top the agenda as Blinken visits Saudi Arabia

US Secretary of State Antony Blinken has held "open, candid" talks with Saudi Crown Prince Mohammed bin Salman in Jeddah this Wednesday, covering bilateral issues between Riyadh and Washington, as well as international relations ranging from Iran, China and the crisis in Sudan.

Radio France Internationale

Stock Index Futures Muted as Weak China Trade Data Weighs on Sentiment

June S&P 500 futures (ESM23) are up +0.14%, and June Nasdaq 100 E-Mini futures (NQM23) are up +0.09% this morning as weak trade data from China stoked investor concerns over the strength of global demand.

Barchart

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Is Australia catching up with the Asian century at last?

Australia looks like something out of the last century, clinging to its Five Power Anglo-allies while the global centre has shifted to China.

The New Daily

China’s exports tumble further as global demand falters

Analysts downgrade expectations for the economy for remainder of 2023 as factory output continues to slow.

Al Jazeera

The 20 priciest cities for expats in 2023

It's bad news for workers dreaming of uprooting to the Big Apple.

Fortune

Making sense of Sequoia Capital’s big breakup with China

Sequoia is spinning off its China and India units into independent firms.

Fortune

Stocks Set to Open Mixed as Weak China Trade Data Weighs on Sentiment

June S&P 500 futures (ESM23) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.03% this morning as weak trade data from China stoked investor concerns over the strength of global demand.

Barchart

Chinese communist party ‘accessed Hong Kong protesters’ TikTok data’

Ruling party accessed user data including Sim card ID and IP addresses, former executive alleges in legal filing

The Guardian - UK

China Expresses ‘Grave Concerns’ Over Ukraine Dam Collapse

Top Chinese envoy to the U.N. urges all parties in the conflict to abide by international law and to do their utmost to protect civilians and civilian infrastructure

Caixin Global

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Barchart

Stocks Set to Open Lower as Weak China Trade Data Weighs on Sentiment

June S&P 500 futures (ESM23) are down -0.06%, and June Nasdaq 100 E-Mini futures (NQM23) are down -0.21% this morning as weak trade data from China stoked investor concerns over the strength of global demand.

Al Jazeera

S Korea, Japan scramble jets due to China-Russia joint air patrol

China’s defence ministry says patrol with Russian bomber aircraft was part of exercises that first started in 2019.

InsideEVs

GM’s Proxima EV Concept Revealed In China Sporting Buick Badge, Gullwing Doors

The Proxima is a zero-emissions sedan that features impressive gullwing doors and a spacious interior that’s supposed to provide a residential-like in-cabin experience.

Bangkok Post

OECD lifts world GDP growth forecast to 2.7%

PARIS: The OECD slightly raised its growth outlook for the world economy on Wednesday as inflation eases and China has dropped Covid restrictions, but it warned the recovery faces a "long road".

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news in one place.

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Caixin Global

Shanghai Composite Index Rose 0.08% on Wednesday

Shenzhen Component Index closed down 0.6%

Evening Standard

Rishi Sunak lays wreath at Arlington National Cemetery on first day of US visit

A Union Flag was carried by the party accompanying the Prime Minister as he made his way to the monument

Evening Standard

FTSE 100 Live: Halifax house prices fall; former Diageo boss dies; Telegraph up for sale

China today revealed a bigger-than-expected export slump in another sign of slowing global economic activity.

Reuters

Indonesia's delayed China-funded rail project beset by fresh problems

Indonesia's transport ministry and three consultants have pushed back on a China-funded consortium's plan to start full commercial operations of the country's $7.3 billion first high-speed train service in August, an internal document shows.

The Guardian - UK

Europeans who see Russia as adversary or rival double in number since 2021

Survey reveals shift in opinion since Ukraine war and big majority favour EU increasing its defence capabilities

The Independent UK

China trade tumbles in May, adding to signs economic recovery is slowing

China’s exports fell 7.5% from a year earlier in May and imports were down 4.5%, adding to signs an economic recovery is slowing

The Guardian - AU

Fiji rethinks police deal with China amid rising Pacific tensions

Previous Fijian government signed a memorandum of understanding in 2011 enabling its police officers to undergo training in China

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