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The Latest Breaking News from China

China to inspect ships in Taiwan Strait, Taiwan says won't cooperate

China's Fujian maritime safety administration launched a three-day special joint patrol and inspection operation in the central and northern parts of the Taiwan Strait that includes moves to board ships, it said on its WeChat account.

Reuters

Coal use climbs worldwide despite promises to slash it

The burning of coal for electricity, cement, steel and other uses went up in 2022 despite global promises to phase down the fuel that’s the biggest source of planet-warming gases in the atmosphere, a report Wednesday found

The Independent UK

New Zealand intelligence service says foreign interference attempts 'persistent'

Attempts by some countries to interfere with New Zealand's democracy, economy and civil society "are persistent", according to New Zealand Security Intelligence Service's (NZSIS) annual report.

Reuters

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China blasts meeting between Taiwan leader and US House speaker

China's foreign ministry on Thursday condemned a meeting in California between Taiwan's leader and the U.S. House Speaker as "acts of collusion" and said it would defend its sovereignty, according to the Xinhua news agency.

Reuters

Phaseout of coal power far too slow to avoid ‘climate chaos’, report finds

World needs to stop building new plants and close existing ones at almost five times the current rate to meet Paris agreement goals

The Guardian - UK

Taiwan leader meets US Speaker despite China warnings

House Speaker Kevin McCarthy has welcomed Taiwan President Tsai Ing-wen on US soil in a meeting that was quickly denounced by Beijing.

The New Daily

Taiwan monitoring Chinese strike group off the coast after president meets US speaker

China has said it would take ‘resolute’ measures to defend sovereignty, after denouncing Tsai’s meeting in California with McCarthy

The Guardian - UK

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Taiwan’s president meets with Kevin McCarthy in California. What her visit says about Taiwan’s future

TAIPEI, Taiwan — In Southern California, Taiwanese President Tsai Ing-wen met with U.S. House Speaker Kevin McCarthy on Wednesday in a show of the strength of relations between Taipei and Washington.

Los Angeles Times

China plans to ban rare earth magnet exports

BEIJING -- China is considering banning the export of technologies used to produce high-performance rare earth magnets deployed in electric vehicles, wind turbine motors and other products, citing "national security" as a reason, it has been learned.

The Japan News/Yomiuri

Patterns detected in sailing of China Coast Guard off Senkakus

Patterns have been detected in the movements of China Coast Guard vessels sailing off the Senkaku Islands. The ships have been entering Japan's territorial waters off the Senkakus as if carrying out "regular patrols" at specific times of the day and chasing after Japanese fishing boats if they are in…

The Japan News/Yomiuri

Dollar Strength and Weak U.S. Economic News Weigh on Crude

May WTI crude oil (CLK23 ) on Wednesday closed down -0.10 (-0.12%), and May RBOB gasoline (RBJ23 ) closed up +8.30 (+3.03%). Crude oil and gasoline prices Wednesday settled mixed. A stronger dollar Wednesday (DXY00 ) weighed on crude prices. Also, signs of a slowdown in the U.S. economy are...

Barchart

Macron in the middle? French president in China amid superpower showdown

The French president has landed in Beijing for his first post-Covid visit. Emmanuel Macron is accompanied by the European Commission president, who last week went on the offensive over unfair trade practices and Chinese backing of Russian President Vladimir Putin. Will Ursula von der Leyen speak for other recent EU…

France 24

Fiji prime minister investigating China spy claims, says 'survival' is key issue for Pacific nations

In an interview with the ABC's The Pacific program, Fiji prime minister Sitiveni Rabuka says despite the geopolitical tug-of-war in the region, "survival" remains the key issue facing Pacific nations.

ABC News

The US wants to elevate China to ‘developed country’ status; Beijing disagrees

The US House of Representatives has voted to strip China of its status as a developing country. China has condemned the move and refuses to join the ranks of developed or "wealthy" nations. At stake are critical economic and geopolitical issues for the world’s second-largest economy.

France 24

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France 24

US House Speaker McCarthy greets Taiwan president despite Beijing's threats

US House Speaker Kevin McCarthy met Taiwanese President Tsai Ing-wen in California on Wednesday, becoming the most senior US figure to meet a Taiwanese leader on US soil since 1979 despite threats of retaliation from China, which claims self-ruled Taiwan as its own.

Daily Mirror

US-China tensions to rise as House Speaker in historic meeting with Taiwan President

Mr McCarthy greeted President Tsai on her arrival at the Ronald Reagan Presidential Library in Southern California in a historic first since the US broke formal diplomatic relations with Taiwan in 1979

Axios

McCarthy meets Taiwan President Tsai despite China's threats

Beijing warned of "severe confrontation" over the visit.

Al Jazeera

US Speaker McCarthy meets Taiwan’s Tsai despite China pressure

China has denounced the meeting with Taiwan’s president as a provocation, in violation of its ‘One China’ policy.

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The Independent UK

House leader, Taiwan president hold historic meeting in US

House Speaker Kevin McCarthy and Taiwan's President Tsai Ing-wen are beginning a historic high-level meeting on U.S. soil

The Independent UK

Tennis resumes in China without Peng Shuai resolution

The WTA suspended all tournaments in China after Peng Shuai’s disappearance from public view

InsideEVs

Kia Lifts 2030 EV Sales Goal To 1.6M, Confirms EV5 For Q4 2023 Debut

The carmaker targets a 15-model BEV lineup by 2027, and it will build key BEVs in the US, small and mid-size BEVs in Europe and China, and small BEVs in India.

Barchart

Crude Prices Weaker as a Slowing U.S. Economy Undercuts Energy Demand

May WTI crude oil (CLK23 ) this morning is down -0.55 (-0.68%), and May RBOB gasoline (RBJ23 ) is up +3.79 (+1.38%). May Nymex natural gas (NGK23 ) is up +0.039 (+1.85%). Crude oil and gasoline prices this morning are mixed. A stronger dollar today is weighing on crude prices....

The Conversation

Kamala Harris's visit underscores the tricky choices Zambia is making about international allies

US vice-president Kamala Harris’s recent visit to Zambia is an example the country’s increased engagement with western nations. It gave fresh impetus to the view that Zambian president Hakainde Hichilema is strongly aligning the country to the west.

The Independent UK

Why Macron and Von der Leyen face a tough trip to China – even if they are all smiles on the surface

The differing styles of the French president and the European Commission president may help create a united front over Ukraine, but Xi Jinping holds plenty of cards, writes Borzou Daragahi

Barchart

China’s Insatiable Demand for Gold Explained

China continues to add huge quantities of gold to its reserve, as it looks to displace the Petrodollar for the Petroyuan.

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