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The Latest Breaking News from China

U.S. rebuffs China by calling Taiwan Strait an international waterway

The United States on Tuesday backed Taiwan's assertion that the strait dividing the island from the Chinese mainland is an international waterway, a further rebuff to Beijing's claim to exercise sovereignty over the strategic passage.

Reuters

Noel Gallagher banned from China for life as he is 'enemy of the people'

Noel Gallagher and his Oasis band-mates were asked to perform at a Tibetan Freedom Concert in New York during the time that the Britpop band were in their pomp but he was the only one to take to the stage

Daily Mirror

Study: Thailand a global leader in real-time payments

Thailand was No.3 globally for real-time payment transactions last year, behind only India and China, driven by the government's support for modern infrastructure, says ACI Worldwide, a real-time payments software provider.

Bangkok Post

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Communication with China a welcome thawing of important relationship

The PRC's senior leadership, including President Xi Jinping, would be well aware of just how badly attempts to bully and coerce Australia have backfired.

Newcastle Herald

Arrivals from China still continue to trickle in

Despite stringent travel restrictions in China, Thailand still received 36,246 Chinese visitors in the first five months of 2022, with 20,000 arrivals recorded in the month of May alone, comprising business travellers, students and Elite Card holders.

Bangkok Post

The Loop: China's special 'military operations', the fruit and veges facing shortages, and BTS on hiatus?

Here's your quick catch-up for this morning's news.

ABC News

Dozens of countries question China at UN over Xinjiang ‘abuses’

In a joint statement, 47 countries voice concern at treatment of ethnic minority Uighurs in far western region.

Al Jazeera

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China attack on Taiwan would hit global trade more than Ukraine war, says Taiwan

Any Chinese military attack on Taiwan would have a greater impact on global trade flows than the Ukraine war, Taipei's top trade negotiator told Reuters on Tuesday, saying it would lead to a shortage of semiconductor chips.

Reuters

2 Beaten Down Chinese Stocks Defying the Bear Market

The concerns over persistently high inflation, fresh COVID-19 cases in China leading to hard lockdowns, deepening supply chain disruptions, and a potential slowdown in global economic growth have added immense pressure to Chinese stocks of late. Amid the inflationary environment, it could be wise to invest in fundamentally solid beaten-down…

StockNews.com

Labor campaign director says Australia chose a ‘better future’ over more Scott Morrison

Paul Erickson to tell press club of election-winning strategy including Anthony Albanese’s leadership and stoking ‘mood for change’

The Guardian - AU

U.S. Trade Rep. Katherine Tai says her Asian American identity helps "filter out the noise" in China negotiations

Tai, a Chinese American, leads the U.S.'s trade policy amid mounting U.S.-China tensions and spikes in anti-Asian hate.

Axios

UK buys option to take 20% stake in Sizewell C nuclear power plant

£100m move could ease China’s state nuclear company out of project

The Guardian - UK

How autocrats twist history to gain power

Leaders in China, North Korea and Russia tell history selectively or rewrite parts to suit their changing political needs.

Axios

ReneSola Encounters Headwinds but Looks Better Positioned Than Most

Key Takeaways: ReneSola has encountered recent headwinds due to Covid-related lockdowns in China and withdrawal from a major U.S. project Company looks better positioned than peers from other industries due to accelerating focus on renewable power construction in the west By Doug Young

Benzinga

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The Hindu

India must insist on return to status quo on border in talks with China, says Shyam Saran

Former National Security Advisory Board Chairman says multiple rounds of talks prove Chinese encroachment occurred in 2020, regardless of govt. statements

Daily Mirror

Fears Kim Jong-un will launch nuclear weapon as he vows to bolster deadly arsenal

Kim Jong-un's pariah state of North Korea has finished preparations for its first nuclear test launch since 2017, according to South Korea's Foreign Minister Park Jin

The Hindu

China lifts two-year COVID visa ban on Indians; to allow return of stranded professionals, families

China is also processing requests of thousands of Indian students studying in Chinese universities

Benzinga

Alibaba, Other Chinese Stocks Brace For Uncertainty As US Looks To Monitor, Restrict Investment In China

Congress pushed a ruling proposing screening investments in rival countries like China to protect U.S. technologies and rebuild critical supply chains, the Wall Street Journal reports. The action would require American companies and investors to disclose new outbound investments with a new interagency panel to review and block investments on national…

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Reuters

Bloomberg staffer detained in China was released earlier this year

A Bloomberg News staff member in China who was detained in late 2020 was released on bail early this year, according to a statement by the Chinese embassy in Washington that was dated last month and reported by the news organisation on Tuesday.

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, June 14

CNBC

Reuters

China bank protest stopped by health codes turning red, depositors say

A protest planned by hundreds of bank depositors in central China seeking access to their frozen funds has been thwarted because the authorities have turned their health code apps red, several depositors told Reuters.

Caixin Global

Shanghai Tries New Tactics to Stamp Out Crypto Mining

Companies running data centers are required to conduct self-checks and pledge not to engage in the power-hungry activity

ABC News

Xi Jinping announces plans to allow Chinese military to undertake 'armed forces operations' abroad

According to China's government, Xi Jinping has signed off on a set of new trial outlines that allow for Chinese "armed forces operations" that aren't war, and set a legal basis for the PLA to "safeguard China's national sovereignty, security and development interests".

Chicago Tribune

Commentary: Washington already fought a cold war with Beijing. It was a disaster

Since the Russian invasion of Ukraine began in February, a debate within the U.S. foreign policy community has reignited over how far Washington would go to defend Taiwan if China launched a similar assault on the island. These questions acquired a new level of urgency last month when President Joe…

Benzinga

Warren Buffett-Backed EV Maker Ranked Amongst Top 3 Automakers in China Beating Tesla, Nio, Xpeng

Warren Buffett's Berkshire Hathaway (NYSE: BRK-B) -backed Chinese EV maker BYD Co, Ltd's (OTC: BYDDY) sales more than doubled in May, making it one of the top three automakers in China,

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