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The Latest Breaking News from China

Nike Q1 Earnings Highlights: Revenue And EPS Beat, Investors Pull Back On Inventory, China Concerns

Apparel and footwear company Nike Inc (NYSE: NKE) reported first-quarter financial results after market close Thursday. Here are the key highlights for Nike investors.

Benzinga

Amid the chaos, the WHO’s Tedros plans for the next pandemic

While Tedros has yet to catch the virus, his life, at the centre of the pandemic, has been infected by the chaos and conspiracy Covid-19 has created, writes Adam Taylor

The Independent UK

US, Pacific Island leaders vow to strengthen ties with historic partnership declaration amid growing China risks

The United States and Pacific nations unveil a joint partnership declaration, backed by 14 island states, vowing to strengthen ties amid growing concerns of China's role in the region.

ABC News

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‘Centre creating enabling policies; States also need to work to woo investors’

States that do this effectively will attract investments, create jobs and spur economic expansion: Minister of State Rajeev Chandrasekhar

The Hindu

Nio Enters Race for Lithium with Australian Investment

Key Takeaways: Nio Inc. will pay $7.7 million for 12% of Australian miner Greenwing Resources, which holds the rights for the San Jorge Lithium Project in Argentina Nio is the latest electric vehicle maker to purchase lithium assets, following similar moves by domestic rival BYD and global names like Tesla…

Benzinga

Trip.com Gets Boost From Reopening Global Borders

Key Takeaways: Strongly recovering business in the U.S. and Europe helped Trip.com return to the black with a 69 million yuan profit in the second quarter The company said outbound bookings from Hong Kong jumped nearly four times last week from the previous week as the city prepared to end…

Benzinga

Africa risks losing out on trade as rich countries cement relationships with trusted partners

Over the past few years, the world’s supply chains have been strained and disrupted by the COVID pandemic, Russia’s invasion of Ukraine, and rising geopolitical tensions. These started with the US-China trade war and then intensified following the war in Ukraine.

The Conversation

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Paraguay says 'excellent' Taiwan ties not conditional on new investment

Paraguay's foreign ministry said on Thursday that the South American country's diplomatic ties with Taiwan were "excellent" and not conditional on extra investment, amid rising pressure from China to win over the island's few remaining allies.

Reuters

Amid China concerns, Biden vows to address Pacific island needs

U.S. President Joe Biden, his administration pledging to help stave off China's "economic coercion," promised Pacific island leaders on Thursday to work harder with allies and partners to address their needs.

Reuters

Why is Russia sending oil and gas workers to fight in Ukraine? It may signal more energy cutoffs ahead

Russia’s effort to conscript 300,000 reservists to counter Ukraine’s military advances in Kharkiv has drawn a lot of attention from military and political analysts. But there’s also a potential energy angle.

The Conversation

Tension fills 50th year of ties with China

As Japan and China marked 50 years since their 1972 normalization of diplomatic relations on Thursday, the two Asian neighbors now see their once-amicable ties changed to strained ones.

The Japan News/Yomiuri

China gears up for yuan defence

China’s central bank has asked major state-owned banks to be prepared to sell dollars for the local unit in offshore markets as it steps up efforts to stem the descent of the yuan, four sources with knowledge of the matter said.

Bangkok Post

Toyota Said To Debut $28,000 bZ3 Electric Sedan In China This Year

The compact electric sedan will reportedly be built in Tianjin on the same assembly line as the bZ4X SUV, with the annual production estimated at 30,000 units.

InsideEVs

Taiwan’s military needs overhaul amid China threat, critics say

TAIPEI, Taiwan — As the Senate contemplates sending large sums of security assistance to Taiwan, independent defense analysts here are urging U.S. lawmakers to maximize their leverage at a sensitive time in cross-strait relations.

Tribune News Service

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The Guardian - UK

Paraguay asks Taiwan to invest $1bn to remain allies

Paraguay’s president says money will ensure Asunción can resist pressure to switch its diplomatic ties to China

Reuters

Opinion of China in advanced economies sours 'precipitously' under Xi - Pew

Public opinion towards China in the United States and other advanced economies has turned "precipitously more negative" under President Xi Jinping, according to a global survey by the Pew Research Center.

Bangkok Post

China trials digital currencies for cross-border deals

SHANGHAI: A central bank digital currency trial focused on cross-border transactions involving China, Thailand, Hong Kong and the United Arab Emirates has been completed, as Beijing tries to internationalise its digital yuan.

The Independent UK

As Japan and China mark 50-year ties, moods are mixed

Japan and China are marking the 50th anniversary of normalizing their ties Thursday

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Al Jazeera

Red carpet rolled out in US bid to woo Pacific Islands from China

Washington is in heated competition with Beijing for influence among Pacific island nations.

The Hindu

India’s catch-22 dilemma on relations with Iran

Iran is vital for India’s energy security and connectivity plans — but New Delhi is in a bind on how to balance its cooperation with Tehran with its other bilateral ties

Bangkok Post

Thailand, China conduct digital currency trial

A central bank digital currency trial focused on cross-border transactions involving China, Thailand, Hong Kong and the United Arab Emirates has been completed, as Beijing tries to internationalise its digital yuan.

The News Lens

Taiwan Ex-military Chief Urges Combat Preparedness Amid Rising China Threats

Former top Taiwanese defense official Admiral Lee Hsi-ming says he is concerned that forces are not ready to fight off China, and that a new defense concept is needed.

Al Jazeera

Is a global recession coming? More experts are raising the alarm

Figures including the head of World Trade Organization and Paul Krugman are expressing concern about economic outlook.

Reuters

China signals no let-up in its aggressive diplomacy under Xi

China signalled on Thursday no let-up in its combative approach to foreign policy in a third term for Xi Jinping as leader despite criticism from many Western diplomats that the so-called Wolf Warrior stance has been counterproductive.

Al Jazeera

US has agreed Pacific Islands deal, offering ‘big dollar numbers’

The US is looking to reengage in a region where China has been steadily expanding its influence.

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