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The Latest Breaking News from China

China: Made In China Tesla EV Sales Recovered In May 2022

The Tesla Giga Shanghai plant in China appears to be gradually recovering its production of sales, although the results are not yet on par with the pre-lockdown level.

InsideEVs

Warren Buffett-Backed EV Maker Said To Raise Price Cap On Share Buybacks Amid Stock Surge

Warren Buffett-backed Chinese electric vehicle and battery maker BYD Co (OTC: BYDDY) on Wednesday said it is adjusting the buyback price for shares traded on China's A-share market, CnEVpost

Benzinga

Another district in Beijing shuts entertainment venues to contain COVID outbreak

China's capital city of Beijing shut down entertainment venues in its Dongcheng district from Thursday in an effort to contain a new outbreak of COVID-19, the state-backed Beijing Daily said late on Thursday.

Reuters

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Li Jiaqi: Chinese influencer’s career hangs in balance after ‘tank cake’ stream

Young role model’s broadcast cut short after appearance of dessert thought to reference 1989 Tiananmen Square crackdown

The Guardian - UK

Morning Brief: Top Financial Stories Dominating on Thursday, June 9

Reuters Blackstone Closes In Crown Bid After Australia Approvals: Reuters

Benzinga

Why Bilibili Shares Are Plunging Today

Bilibili Inc (NASDAQ:BILI) reported first-quarter FY22 revenue growth of 30% year-on-year to $797.3 million, beating the consensus of $757.6 million. Drivers: Average monthly active users (MAUs) increased 31% Y/Y to 293.6 million, and Mobile MAUs rose 33% Y/Y to 276.4 million. Average daily active users (DAUs) climbed 32% Y/Y to 79.4 million, and Average…

Benzinga

Food prices: how countries are using the global crisis to gain geopolitical power

Twenty million tonnes of grain are currently stuck in Ukrainian silos, exacerbating the global food crisis sparked by Russia’s invasion of the country. Aside from the need to get the grain onto world markets, freeing up storage space will be crucial to make room ahead of the country’s next harvest…

The Conversation

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Eastern Ladakh border row | China says U.S. is attempting to add fuel to the fire

A visiting U.S. General had termed Chinese activity in eastern Ladakh as “eye-opening”

The Hindu

Complex Taiwanese and Chinese identities are exposed after gunman enters church

A gunman who killed one man and shot others exposes the complex identities of Taiwanese and Chinese people.

WEKU

Dandong warns residents over N. Korea COVID risk

SHENYANG, China -- Authorities in the northeastern Chinese city of Dandong, alarmed by an increase in novel coronavirus cases, are cracking down on cross-border activity involving neighboring North Korea.

The Japan News/Yomiuri

China’s Baowu Retains Global Steelmaking Crown

The state-owned goliath’s output grew 4.35% last year even as the country produced less steel overall, industry data show

Caixin Global

U.S. says there is 'extraordinary' lack of transparency over Chinese activity in Cambodia

A decision by Cambodia to expand its biggest naval base and allow the Chinese military exclusive use of a portion of it shows an extraordinary lack of transparency, a senior U.S. defense official said on Thursday.

Reuters

Here's Why Alibaba Shares Are Trading Lower Premarket After Brief Jump

Alibaba Group Holding Ltd (NYSE:BABA) shares gave up the gains in premarket trading after China snubbed previous reports of the revival of the IPO of its fintech affiliate Ant Group Co. The news of revival reflected possible ease in China's domestic tech crackdown, Bloomberg reports. China had reportedly formed a team to reassess Ant's share…

Benzinga

Alibaba Hands Out Bulk Of 2021's Antitrust Penalty; China Signals Ease In Crackdown As It Continues To Monitor Tech Sector

E-commerce giant Alibaba Group Holding Ltd (NYSE: BABA) and on-demand service platform operator Meituan (OTC: MPNGY) jointly handed out 92% of China's antitrust fines,

Benzinga

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Reuters

Top U.S. official meets Philippines' Marcos to boost "longstanding alliance"

Philippine President-elect Ferdinand Marcos met with a top U.S. official in Manila on Thursday, underscoring efforts to preserve an alliance strained by incumbent leader Rodrigo Duterte's animosity toward Washington and his embrace of Beijing.

Foreign Affairs

China’s Southern Strategy

Beijing Is Using the Global South to Constrain America

Foreign Affairs

Deglobalization Is Not Inevitable

How the World Trade Organization Can Shore Up the Global Economic Order

The Independent UK

Covid news - live: Infections rise for first time in two months with fears of new wave

Health chief says it is ‘very, very difficult’ to say how big or serious wave might be

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news in one place.

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Benzinga

Tesla Bounces Back With Strong May Sales In China, Clocking 2000% Sequential Rise

Tesla, Inc. (NASDAQ: TSLA) has bounced back big in China in May after a grossly underwhelming performance in the previous month.

The Independent UK

Covid news - live: New lockdown in Shanghai as China tests 2.7 million people

Minhang district will be subject to a ‘closed management’ order from Saturday

InsideEVs

Buick To Launch Five New EVs In China By 2025, Including Two In 2022

Buick will launch a total of 12 new models in China through 2025, five of which will be all-electric; two of these new EVs will be revealed this year.

ABC News

10 killed, village buried, as heavy flooding continues across south and central China

Historic downpours in central and southern China are damaging villages and displacing more than 200,000, with more heavy rain expected.

Bangkok Post

Asia, Australia back on UFC post-pandemic menu

Ultimate Fighting Championship (UFC) president Dana White says his mixed martial arts promotion is "ready to roll" again in Asia as it returns to the region this week after a pandemic-enforced hiatus.

Caixin Global

Opinion: China's Central Bank Digital Currency Could Revolutionize Global Trade

The digital yuan will play a key role in reducing dollar dependence and give countries another payment option for trade

The Independent UK

French lawmakers pledge support for Taiwan on island visit

A French parliamentary delegation has pledged support for Taiwan during a meeting with the president of the self-governing island that China claims as its own territory

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