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The Latest Breaking News from China

Tesla To Release Earnings For One Of Its Toughest Quarters: What Investors Should Expect From Q2 Report

Electric vehicle maker Tesla, Inc. (NASDAQ: TSLA) has had a tough quarter to contend with, given the inclement macro situation and the COVID-19 lockdowns in China. The good news is that the stock has already discounted a not-so-buoyant quarterly performance. The Key Numbers:

Benzinga

Calls for clarity in Pacific funding as Australia slips towards bottom of global aid transparency rankings

There are calls for urgent action after Australia dropped to 41 out of 50 countries and organisations in the Aid Transparency Index, revealing a "worrying trend" that has the Department of Foreign Affairs and Trade close to hitting the bottom of the list, alongside Saudi Arabia and China.

ABC News

US hits out at Russia, China in annual human trafficking report

State Department cites Russia amongst worst offenders in human trafficking, criticises China’s Belt and Road Initiative.

Al Jazeera

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China seeks to stop UN rights chief from releasing Xinjiang report

China is asking the United Nations human rights chief to bury a highly-anticipated report on human rights violations in Xinjiang, according to a Chinese letter seen by Reuters and confirmed by diplomats from three countries who received it.

Reuters

We Drive Both The Xpeng P7 And P5 Around The Netherlands

We drive the Xpeng Motors P7 and P5 across The Netherlands to see if the electric vehicle startup has the goods to compete with Western EVs.

InsideEVs

America's Fishing Industry Is Getting Caught Up in the Trade War

Seafood prices have gone up by double digits as tariffs and inflation drive up costs for consumers

Reason

China agrees to more EU cooperation but silent on frozen pact

China agreed to coordinate economic policies with the European Union, liberalise trade and investment, and further open up its financial sector, but was silent on an investment deal frozen by disputes over human rights, geopolitics and the war in Ukraine.

Reuters

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China: Volkswagen ID. Electric Car Sales Hit New Record In June 2022

Volkswagen ID. sales in China increased in the first half of the year to 59,400 (up 751% year-over-year) or 5.5% of the total volume.

InsideEVs

Jackie Chan-produced action movie films in devastated Syrian city

The decision to produce a film glorifying China’s Communist party in a town destroyed by civil war has been described as ‘appallingly bad taste’

The Guardian - UK

China’s space agency could send a mission to Neptune — major discoveries await

Ice giants like Neptune are a potential treasure trove of scientific discoveries. China's space agency plans to launch a mission in 2030 to arrive in 2036.

Inverse

China threatens 'strong measures' if Pelosi visits Taiwan

China says it will take “resolute and strong measures" should the speaker of the U.S. House of Representatives Speaker Nancy Pelosi proceed with reported plans to visit Taiwan

The Independent UK

3 missing in gas explosion in major north China port city

A gas explosion after a partial building collapse in the northern Chinese port city of Tianjin has left three people missing and 11 injured

The Independent UK

U.S. Senate votes to move ahead on chip bill to compete with China

The U.S. Senate on Tuesday voted to move ahead with a slimmed-down version of legislation to provide billions of dollars in subsidies and tax credits for the semiconductor industry, hoping to ease a shortage that has disrupted production in industries from automobiles to electronics and high-tech weapons.

Reuters

Luxury Shoemaker Manolo Blahnik Wins 22-Year Trademark Battle in China

Manolo Blahnik, the shoe brand made famous by its celebrity fans and regular appearances in TV drama "Sex and the City", said on Tuesday it has won a legal battle in China to use its own name, paving the way for the brand's expansion across the country. The company, named…

Asharq Al-Awsat

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Daily Mirror

Chinese vlogger under investigation for eating endangered baby shark in sick livestream

Chinese food vlogger Tizi has been accused of cooking and eating a baby great white shark - an endangered and protected species in China - for her popular live-streaming account

Al Jazeera

US promotes ‘friend-shoring’ of trade with eye on China, Russia

US treasury secretary highlights economic threat posed by ‘unreliable countries’ during visit to South Korea.

Reuters

China says U.S. will bear consequences of Pelosi visit to Taiwan

China's foreign ministry said on Tuesday that a visit to Tawian by U.S. House Speaker Nancy Pelosi would seriously undermine China's sovereignty and territorial integrity, and the United States would bear the consequences of its response.

Reuters

Beijing says report it invited European leaders to meet Xi is 'fake news'

A Chinese foreign ministry spokesman on Tuesday described as "fake news" a newspaper report saying that China had sent invitations to European leaders to meet with President Xi Jinping in November in Beijing.

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ABC News

Former Sydney councillor tells ICAC inquiry Chinese developer paid for his escort

A former Sydney councillor tells a corruption inquiry a Chinese property developer paid for his escort in China and secretly filmed him with the woman to "blackmail" him.

Al Jazeera

US House Speaker Nancy Pelosi to visit Taiwan: Reports

If her trip goes ahead, Pelosi will be the first sitting US speaker of the House to visit Taiwan in 25 years.

Asharq Al-Awsat

South China Authorities Apologize Over COVID-19 Break-ins

Authorities in southern China apologized for breaking into the homes of people quarantined for being suspected of contracting COVID-19 in the latest example of heavy-handed measures that have sparked a rare public backlash. The Communist Party newspaper Global Times reported Tuesday that 84 homes of people sent for isolation in…

The Independent UK

Authorities in south China apologize over COVID-19 break-ins

Authorities in southern China are apologizing for breaking into the homes of people quarantined for being suspected of contracting COVID-19

Al Jazeera

China, EU to talk trade amid tensions over Ukraine, Xinjiang

Dialogue comes after tense EU-China summit in April ended without a joint statement.

Axios

Janet Yellen pushes to diversify global trade away from "unfair" China

"We cannot allow countries like China to use their market position in key raw materials, technologies, or products to disrupt our economy."

The Guardian - UK

Mortgage strikes threaten China’s economic and political stability

Analysis: worsening meltdown in the country’s debt-laden property market is at the heart of a problem that comes at a precarious time for the Communist party

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