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The Latest Breaking News from China

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.

Reuters

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

The Guardian - UK

Shanghai Composite Index Rose 0.17% on Tuesday

Shenzhen Component Index finished nearly flat

Caixin Global

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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.

Reuters

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

The issue has divided Biden's top advisers.

Axios

Leadership changes in the Indo-Pacific

New leaders in the Indo-Pacific region -- Australia, South Korea and the Philippines -- will significantly impact the future trajectory of US-China relations. Their policy shifts, even nuances, could either moderate or harden the two powers' strategic rivalries.

Bangkok Post

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Henare to push Pacific at defence summit

As a major defence event returns, the Defence Minister says the Pacific will be at the forefront of his talks.

Newsroom.co.nz

Pacific Island Forum's leadership crisis comes into focus as leaders arrive in Fiji to resolve tensions

The ABC understands Pacific Island leaders hope to strike an agreement to resolve leadership questions, reform the organisation and allow the forum to stay whole, after last year's threat by Micronesian nations to withdraw.

ABC News

China base in Cambodia 'concerning': PM

Reports of a Chinese bid to secure a naval presence in Cambodia have been met with concern by Australian authorities.

AAP

‘A dangerous act’: how a Chinese fighter jet intercepted an RAAF aircraft and what happens next

Government says PLA J-16 forced Australian P-8 on routine surveillance into a dangerous manoeuvre over South China Sea

The Guardian - AU

Why countries choose to remain neutral and what responsibilities come with it – The Conversation Weekly podcast transcript

This is a transcript of The Conversation Weekly podcast episode: Neutrality: why countries choose not to join a war and what responsibilities come with it, published on May 5, 2022.

The Conversation

Burning Rock Localizes as Investors Grow Impatient

Key Takeaways: Burning Rock’s revenue grew 27% in the first quarter, but its costs grew even faster as it focused on building up new revenue sources Company’s older centralized testing services contracted in the quarter due to Covid disruptions, but its newer localized service with partner hospitals posted strong growth

Benzinga

Vending Machine Leader Ubox Spits Out Big Losses During Pandemic

Key takeaways: Ubox has filed for a Hong Kong IPO despite reporting losses in the past two years due to pandemic-related disruptions to its core vending machine business The company’s backers include Alibaba’s Ant Financial, which led a 1.6 billion yuan investment in the company in 2019

Benzinga

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Los Angeles Times

Summit of the Americas opens in LA as US grapples with deteriorating relations and influence

WASHINGTON — It was the early 1990s, and the Western world seemed full of promise. The Soviet Union had collapsed, and the Cold War that had gripped and shaped global politics for decades was over.

Benzinga

Here's Why Stifel Slashed Price Target On Nike

Stifel analyst Jim Duffy lowered the price target on Nike Inc (NYSE:NKE) to $150 from $160, implying a 23.99% upside. Duffy kept a Buy rating on the shares. The analyst slashed the price target, considering the business restrictions in China due to the rise in COVID-19 cases and the strengthened U.S. dollar position. He said…

The Independent UK

China defends buzzing Canada aircraft, calling it a response to growing ‘provocations’

China warns Canada of ‘serious consequences’ if it continues to indulge in ‘risky and provocative acts’

The New Daily

Market Wrap: Volatile inflation and a deluge of data as China emerges from lockdowns

A deluge of data in China will provide fresh insights into the economic impact of the COVID lockdowns, including trade, consumer and producer inflation.

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The News Lens

A Flare up in China’s Deliberate Pattern of Aggression

The intercept of an Australian patrol over the South China Sea escalates a “grey zone” conflict to a dangerous level.

The Independent UK

China rejects Canadian, Australian charges in air encounters

China has defended its military pilots, saying they acted properly and were protecting its sovereignty, following recent complaints by Canada and Australia that Chinese planes engaged in risky maneuvers with their aircraft over the Pacific

Caixin Global

Editorial: What Kind of Fiscal Intervention Does China Need to Stabilize the Economy?

Policymakers should carefully analyze the current economic situation before coming up with a targeted and appropriate policy

The Guardian - UK

Ukraine war deepens China’s mistrust of the west

Analysis: the conflict in Europe has entrenched the differences between Beijing and the US and its allies

The Independent UK

Australian PM reaches out to China after close encounter and ‘chaffing’ incident between military jets

Chinese jet flew close to Australian aircraft and released ‘a bundle of chaff’, says country’s defence minister

Reuters

China-Canada tensions rising again over North Korea air patrols

Diplomatic tensions between China and Canada are rising again, with each country accusing the other of using their military aircraft flying near North Korea of provocation and harassment.

Caixin Global

Shanghai Composite Index Rose 1.28% on Monday

Shenzhen Component Index closed up 2.66%

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