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The Latest Breaking News from China

Hemmed in by COVID curbs, Beijingers seek respite in urban outdoors

On a hot, sunny day, children and adults splashed in the cool run-off of the Yongding River in a park on the western outskirts of Beijing, a city under near-lockdown in China's head-on battle with COVID-19.

Reuters

News briefs

Trump vows to speak at NRA convention this weekend after Texas school shooting

Tribune News Service

Five things we learned about China’s ambitions for the Pacific from the leaked deal

The draft communique reveals the ambitious scope of Beijing’s intent in the Pacific and a coherent desire from China to seek to shape the regional order

The Guardian - AU

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Deal proposed by China would dramatically expand security influence in Pacific

Leaked copy of draft shows Beijing wants more involvement in policing, cybersecurity and marine mapping

The Guardian - AU

Jacinda Ardern says New Zealand ‘ready to respond’ to Pacific’s security needs as China seeks deal in region

Prime minister says ‘the Pacific is our home’ as Beijing plans a regional security pact with almost a dozen island nations

The Guardian - AU

Duelling diplomacy in the Pacific should dispel the notion of a China-Australia reset

However much either side tempers their rhetoric, regional competition is the name of the game

The Guardian - AU

China’s Premier Puts Greater Emphasis on Growth

Li Keqiang tells State Council China needs to strike a better balance between pandemic control and economic development as Covid measures weigh on GDP

Caixin Global

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US calls for vote soon on new UN sanctions on North Korea

The United States is calling for a vote “in the coming days” on a U.N. resolution that would impose tougher sanctions on North Korea for its recent launches of intercontinental ballistic missiles that can be used to deliver nuclear weapons

The Independent UK

BYD Introduces Seal With Attractive Pricing And Structural Battery

BYD has recently introduced its all-new Seal model, which has a big chance to become one of the main Tesla Model 3 competitors in China.

InsideEVs

China's Covid lockdowns add fuel to NZ's inflation fire

Renewed Covid restrictions in regions of China have accelerated increases in New Zealanders' cost of living.

Newsroom.co.nz

Finlandisation: Asia plays the neutrality card

'Finlandisation" describes the commitment to strategic neutrality that a small country might make, in order to avoid provoking a much larger and more powerful neighbour. The term is derived from Finland's longstanding policy of strict military non-alignment with either the Soviet Union or the West -- a policy that it…

Bangkok Post

SK's Yoon uses Biden summit to push global agenda

South Korea's new president, Yoon Suk-yeol, used a largely successful summit with US President Joe Biden over the weekend to lay the foundation for his goal of enabling South Korea to play a more active role around the world.

Bangkok Post

Alibaba's Overseas Growth Push Gets Critical To Beat Domestic Slowdown

Alibaba Group Holding Limited's (NYSE:BABA) hunt for overseas growth is critical to offset sluggish demand at home by expanding in Europe through its Southeast Asian offshoot, Lazada, Reuters reports. Lazada plans to target local European vendors, while Alibaba's existing global platform, AliExpress, will continue to focus mainly on cross-border sales from China. However, the…

Benzinga

U.S. concerned China is seeking rushed deals with Pacific island nations

The United States is concerned that China is seeking to reach agreements with Pacific island nations in what may be a rushed, non-transparent process, State Department spokesperson Ned Price told reporters on Wednesday.

Reuters

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The Hindu

Be wary of growing exports

The growing consumption in rich countries has come at a cost for developing countries such as India

InsideEVs

Buick Electra-X Teased As Brand's First Ultium-Based SUV Concept

The automaker says the Electra-X Concept offers "a sneak peek at future Ultium-based EVs for Buick in China," the brand's largest market.

Reuters

IMF's Georgieva: 'Trend of fragmentation is strong'

International Monetary Fund Managing Director Kristalina Georgieva on Wednesday said she worries less about the risk that the war in Ukraine and a further slowdown in China might trigger a global recession than she does about the strength of the trend toward economic and political fragmentation.

France 24

Adrian Zenz, the academic behind the ‘Xinjiang Police Files’, on China's abuse of Uighurs

Hacked files revealing the repression of Uighur Muslims in China were published on Tuesday by a consortium of media. Labeled the “Xinjiang Police Files”, these documents owe a lot to one man in particular: Adrian Zenz. In recent years, this German anthropologist has become a central target of Chinese propaganda…

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Tribune News Service

Hawley calls for more troops in Asia as Biden says US would defend Taiwan with military force

WASHINGTON — President Joe Biden on Monday indicated the United States would use military force to defend Taiwan against an attack from China, breaking from decades of “strategic ambiguity” where leaders have been intentionally vague about how the U.S. would react if China attempts to reclaim the island.

The Guardian - AU

Fears Biden’s Taiwan comments may raise tensions despite rowback

President said US would ‘get involved ’ if China attacked Taiwan, which some saw as policy shift

Benzinga

Is Alibaba Reaching An Inflection Point? Investors Search For Answers Ahead Of Q4 Results

The battered Alibaba Group Holdings, Inc. (NYSE: BABA) stock has a key catalyst this week, as the Chinese ecommerce giant prepares to release its March quarter and year-end financial results.

The Conversation

Ukraine war: rising food prices are not the only global economic fallout

As the war in Ukraine heads into its fourth month, its economic consequences are becoming more apparent and begin to move up on the global political agendas. And in the same way in which Russia’s aggression has had political ramifications far beyond Ukraine, so do the economic repercussions. This is…

Bangkok Post

Hong Kong grants Greater Bay Airlines status to open talks with foreign countries

HONG KONG: Greater Bay Airlines was awarded designated status from the Hong Kong government, allowing the company to open negotiations with foreign countries to fly 104 routes, the head of the start-up carrier told the South China Morning Post on Tuesday.

Benzinga

Morning Brief: Top Financial Stories Dominating on Wednesday, May 25

Reuters Ford To Pay $19.2M In Multi-State Settlement For False Advertising Claims

The Guardian - AU

Australia ‘louder than we should have been’ in criticising China, former Asio chief says

Sharp critique from Duncan Lewis comes as Chinese foreign minister embarks on ‘extraordinary’ Pacific island nation tour

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