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The Latest Breaking News from China

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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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

The Guardian - UK

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.

Reuters

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.

Bangkok Post

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

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

The Independent UK

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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.

Al Jazeera

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

The Hindu

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.

Bangkok Post

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.

The News Lens

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.

Al Jazeera

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.

Reuters

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.

Al Jazeera

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Reuters

Leaders of China, Japan say it is important to develop ties

Chinese President Xi Jinping and Japanese Prime Minister Fumio Kishida said on Thursday it was important to take bilateral relations in a positive direction as the two leaders marked 50 years of normalised diplomatic ties amid rising tensions.

The Independent UK

Friend or foe? Japan-China ties complicated after 50 years

Friend or foe

Reuters

NZ foreign minister says superpowers must listen to needs of Pacific

New Zealand's foreign minister said on Thursday that the United States and China should engage with the Pacific through the Pacific Islands Forum, and work to address the needs of the region.

The Guardian - AU

US strikes partnership deal with Pacific Island leaders at historic summit

US official says Pacific leaders endorsed joint statement one day after leaked documents showed discord among the group over proposals

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The Hindu

India wants a relationship of ‘mutual sensitivity, mutual respect and mutual interest’ with China: Jaishankar

EAM Jaishankar’s comments comes after the remarks by Chinese Ambassador to India Sun Weidong claiming that the situation along the LAC was moving towards being “normalised”.

The Conversation

A kung-fu kick led researchers to the world's oldest complete fish fossils – here's what they found

Some of the world’s most significant fossil discoveries have come from China. These include amazing feathered dinosaurs, the earliest modern mammals, and some of the oldest-known animals on Earth.

Businessweek

Lab Monkeys Are the Latest Covid Shortage

Beijing’s ban on macaque exports—needed to test vaccines and other lifesaving drugs—could give its pharma industry an edge.

StockNews.com

3 Semiconductor Stocks to Buy Right Now and 2 to Sell

The semiconductor industry is currently being challenged by demand pullback amid rising odds of a recession. However, given the increasing use of semiconductors and supportive legislation, the current tech selloff has created an excellent opportunity for investors to load up on quality semiconductor stocks Broadcom (AVGO), Qualcomm (QCOM), and Rambus…

The Hindu

Globe-changing reverberations of the Ukraine war

The vision of a multi-polar world could fade away soon with rivalries in a new Cold War becoming sharper and the gulf in mutual understanding widening

The Hindu

In nature’s warning signs, a nudge to riparian states

With the devastating effects of climate change visible, riparian states across the world must comply with all the procedural duties pursuant to the ‘no harm rule’

The Hindu

Border situation moving towards being ‘normalised’, says Chinese envoy

In speech on PRC’s 73rd founding day, Ambassador Sun Weidong calls for closer cooperation, New Delhi to respect China’s “core interests” on Taiwan and Tibet

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