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The Latest Breaking News from China

Chinese wine importers looking to re-sign contracts with Australian growers amid government talks

A wine grower from Victoria says she's been contacted by Chinese importers over the past three months who are confident the two countries' wine trade will soon resume.

ABC News

Australia needs a robust cybersecurity overhaul – not whack-a-mole bans on apps like TikTok

Australia has joined other countries in announcing a ban on the use of TikTok on government devices, with some states and territories following suit. The rationale was based on security fears and, in particular, the risk the platform will be used for foreign interference operations by China.

The Conversation

Chinese rocket startup bounces back from 3 straight failures with successful launch (video)

Chinese commercial launch startup iSpace has completed its second successful flight of its Hyperbola 1 solid rocket.

Space

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Hunter Biden steps out of shadows as scandal-hit son joins US President on historic visit

Hunter Biden has faced a myriad of controveries and allegations over the years - whether it's his business dealings in China and Ukraine or history of substance abuse which has seen Joe Biden's only surviving son in and out of rehab

Daily Mirror

Tennis’s support for Peng Shuai has turned to dust with WTA’s China U-turn

The power of money has won out again as the game’s ruling body has decided to depart from its previous principled approach

The Guardian - UK

Fragmented world’s rival blocs may risk new cold war, says IMF head

Warning from Kristalina Georgieva after G7 explores economic resilience, secure global supply chains and less reliance on China

The Guardian - UK

Blinken seeking to upgrade Vietnam ties as Hanoi treads narrow path

U.S. Secretary of State Antony Blinken arrived in Vietnam on Friday hoping for progress towards upgrading relations with a key trade partner that shares U.S. worries about China's growing might.

Reuters

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Women’s tennis events to make China return after Peng boycott

WTA gives up on its boycott, making little progress on the situation that prompted it to move tournaments out of China.

Al Jazeera

Ukraine recap: downbeat US intelligence leak suggests no end in sight for the misery of this war

What we know – or think we know – about the progress of the war in Ukraine over the past few days has come courtesy of leaked Pentagon documents which appear to cover, in some detail, a wide range of issues around the conflict. As you’d expect, among the main…

The Conversation

Foreign Investors Remain Wary of China

Investor sentiment toward China was undercut this week after two significant foreign investors in Chinese stocks announced they were liquidating their Chinese holdings. On Wednesday, European internet giant Prosus NV registered more than $4 billion of its stake in China’s Tencent Holdings (TCEHY ) for potential sale in Hong Kong,...

Barchart

European Council chief’s costly private jet use in spotlight

Charles Michel denies running up ‘extravagant’ bills and says higher costs stem from Covid pandemic and Ukraine war

The Guardian - UK

Apple India iPhone output soars to $7 billion in China shift

Apple Inc. assembled more than $7 billion of iPhones in India last fiscal year, tripling production in the world’s fastest-growing smartphone arena after accelerating a move beyond China.

Tribune News Service

Zeekr X Goes On Sale, Offers 348 Miles Of Range For Just $27,600

Zeekr has officially launched the X compact premium EV in China, with customer deliveries scheduled to start in June 2023 and a European launch confirmed.

InsideEVs

Get ready ‘for real combat’ President Xi tells Chinese forces

Presidents comments come after Chinese navy went ahead with “actual combat training” around Taiwan

The Independent UK

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The Times of India

India slump to third position after losing 0-3 to China in Billie Jean King Cup

NEW DELHI: Team India slumped to the third position in the Asia/Oceania Group I competition of the Billie Jean King Cup after they were blanked 0-3 by China in their third tie in Tashkent, Uzbekistan on Thursday.

The Independent UK

WTA ends China boycott but vows not to ‘let Peng Shuai be forgotten’

Tournaments will again be held in the country this autumn for the first time since early 2020.

The Guardian - UK

WTA will return to China after ending boycott over Peng Shuai concerns

The WTA is to host tournaments in China once more after ending its boycott over concerns about the safety of the Chinese player Peng Shuai

Reuters

Baerbock warns Europe against turning blind eye to tensions over Taiwan

Europe must not turn a blind eye to tensions between China and Taiwan because a military escalation in the region would be a "worst-case scenario" for the global economy, German Foreign Minister Annalena Baerbock said on Thursday.

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The Independent UK

Russia, China FM attend high-level conference on Afghanistan

The top diplomats from Russia, China, Iran and Pakistan have attended a conference that focused on ensuring regional security in light of the situation in Afghanistan

France 24

Brazil's Lula takes swipe at IMF and World Bank on China trip

Brazilian President Luiz Inacio Lula da Silva has praised the Shanghai-based New Development Bank (NDB) on his trip to China, saying it "frees emerging countries from submission to traditional financial institutions". The NDB was created by the BRICS group and is headed by his predecessor Dilma Rousseff. Meanwhile in Washington,…

Barchart

Markets Today: Stock Index Futures Climb on Dovish PPI Surprise

Morning Markets June S&P 500 futures (ESM2 3) this morning are up +0.21%, and June Nasdaq 100 E-Mini futures (NQM2 3) are up +0.37%. U.S. stock index futures this morning are moderately higher after U.S. Mar producer prices rose less than expected, easing inflation concerns. Also, weekly jobless claims rose...

The Independent UK

Why is women’s tennis China boycott over Peng Shuai ending?

The women’s professional tennis tour is ending its suspension of tournaments in China that was initiated in late 2021 over concerns about Grand Slam doubles champion Peng Shuai’s well-being

The Independent UK

US displays firepower in combat drills with Philippines

U.S. and Filipino forces have blasted vehicles with anti-tank missiles in combat-readiness drills in the Philippines that are part of a show of American firepower that has alarmed China

The Independent UK

Women's tennis tour ends Peng Shuai-inspired China boycott

The women’s professional tennis tour will return to China later this year, ending a boycott instituted in late 2021 over concerns about the safety of former player Peng Shuai after she accused a high-ranking government official there of sexual assault

Sports Illustrated

WTA to Return to China, Despite Uncertain Status of Peng Shuai

The tour is reversing its demand for a transparent investigation into Peng’s sexual assault allegations.

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