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The Latest Breaking News from China

US trade deficit narrows most on record on muted China imports

The U.S. trade deficit shrunk in April by the most on record in dollar terms, reflecting a drop in the value of imports amid COVID lockdowns in China while exports climbed.

Tribune News Service

Flood alerts issued as more torrential rain forecast to hit China

At least 15 people were killed last week and new low pressure system across region will bring more disruption

The Guardian - UK

Global arms industry getting shakeup by war in Ukraine – and China and US look like winners from Russia’s stumbles

Russia’s war in Ukraine is upending the global arms industry.

The Conversation

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JP Morgan Sees Buying Opportunities In Alibaba And Other Chinese Stocks Citing These Reasons

The 2021's deep selloff in Chinese stocks could finally be on the verge of a turnaround, Bloomberg quoted JP Morgan Chase & Co (NYSE:JPM) strategist Marko Kolanovic. Kolanovic expected the Chinese equities to have reached their turning point with ease in lockdowns, continued growth support measures, and possible relaxation in the regulatory crackdown.…

Benzinga

Elon Musk Warns China On 'Population Collapse:' Each Generation Will Lose 40% Of People

Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk has yet again expressed his concerns over population collapse. This time around, his concern was directed toward China, a country that is central to Tesla's growth thesis.

Benzinga

China’s Qiantu K20 Two-Seater EV Costs Just $13,000 Yet Is Really Quick

Its top version has two motors with 214 horsepower, sprinting to 100 km/h (62 mph) in 4.7 seconds, while the single-motor does 500 km / 310 miles on one charge.

InsideEVs

Figures show an increase in anti-Asian hate crimes nationwide, but some worry Chicago’s low numbers stem from lack of reporting

CHICAGO — On a recent rainy Saturday afternoon, Chi Chan sat attentively in a pew of a Chinatown church he’s been a part of for some 15 years and listened to Chicago police Officer Jason Sollis give tips on public safety. Chan was there, he said, because crime has gotten…

Chicago Tribune

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‘We can do much more’: Albanese calls on business to look past China to opportunities in Indonesia

Prime minister says there is significant opportunity for Australian companies in Indonesia’s growing economy

The Guardian - AU

Citi Aggressively Chases Growth In Asia, Especially China Amid Odds

In an interview with Reuters, Citigroup, Inc (NYSE:C) Asia chief shared plans to appoint 3,000 new employees for its Asia institutional business in the next few years. Asia became a battlefield for global banks chasing its vast economies, growing wealth, and relative growth beat most other places. Peter Babej saw the accumulated wealth…

Benzinga

Veteran Chinese Economist Urges China To Seize TSMC - Read Why

A veteran Chinese economist called on authorities in an online post to capture Taiwan Semiconductor Manufacturing Co (NYSE:

Benzinga

Taiwan tells US: Don't forget free trade deal

TAIPEI: Taiwan's top trade negotiator appealed to the United States on Tuesday not to forget that the island wants a free trade deal but understands this will not happen immediately and is willing to make other agreements first as "building blocks".

Bangkok Post

Globalization Is Alive, Well, and Changing

America can join with more free trade or it can miss out.

Reason

It is clear Australia’s voice is being heard in the region – and that’s in no small part due to Penny Wong

The foreign minister has exploded out of the blocks since Labor won the election. Her aspiration is to be a serious person in serious times

The Guardian - AU

China says Australia military planes in S China Sea are a threat

Beijing says Australia military aircraft in the South China Sea region threaten its sovereignty and security.

Al Jazeera

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Reuters

China encourages public to help with national security with cash for tip-offs

Chinese citizens can get rewards of more than 100,000 yuan ($15,000) and special certificates for tip-offs on breaches of national security under measures introduced this week, state media reported on Tuesday.

The Independent UK

China, Cambodia breaking ground on joint port project

Cambodian and Chinese officials will break ground this week on the expansion of a port facility that the U.S. and others worry will be used by Beijing as a naval outpost on the Gulf of Thailand, but the government has denied that any Chinese military presence will be allowed

Reuters

Japan calls for defence spending hike in policy paper, notes threats to Taiwan

Japan wants to drastically increase defence spending "within the next five years" it said on Tuesday in an annual economic policy document that for the first time mentioned both a time frame for the expenditure and concern about threats faced by Taiwan.

Reuters

Taiwan appeals to U.S. not to forget its desire for free trade deal

Taiwan's top trade negotiator appealed to the United States on Tuesday not to forget that the island wants a free trade deal, but understands this will not happen immediately and is willing to make other agreements first as "building blocks".

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ABC News

China warns Australia to stop 'dangerous' actions over the South China Sea after RAAF interception

A Chinese defence ministry spokesman says the Australian aircraft seriously threatened China's sovereignty and security, warning Australia to restrain its actions or "bear all the serious consequences".

Reuters

China's top diplomat says new, old China-Japan problems intertwined

Old problems in China-Japan relations are intertwined with new ones, and the challenges cannot be ignored if the countries wish to have a "healthy" relationship, China's top diplomat said on Tuesday.

The Guardian - UK

Chinese military ‘to have exclusive use of parts of Cambodian naval base’

Reports of presence at Ream base on Gulf of Thailand would significantly expand its presence in Indo-Pacific

Caixin Global

Shanghai Composite Index Rose 0.17% on Tuesday

Shenzhen Component Index finished nearly flat

Reuters

China says Australia military plane in S. China Sea threatens sovereignty

China said on Tuesday that its military has identified Australian military aircraft and warned them to leave after Australia said fighter aircraft intercepted one of its military surveillance planes in the South China Sea.

Reuters

Don't call us pro-China, Taiwan opposition chief says in U.S

It is wrong to label Taiwan's main opposition party the Kuomintang (KMT) as being pro-China as it has always been pro-U.S. and is dedicated to defending the island though also to talking to Beijing, its chairman said in Washington.

Axios

Labor unions warn Biden not to lift Trump's China tariffs — even to fight inflation

The issue has divided Biden's top advisers.

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