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The Latest Breaking News from China

Ukraine invasion may be start of ‘third world war’, says George Soros

Veteran philanthropist tells World Economic Forum civilisation ‘may not survive’ what is coming

The Guardian - UK

A Classic Biden Gaffe Complicates U.S. Role in Taiwan

Will Xi Jinping just chalk up Biden's latest remarks as an accidental straying from "strategic ambiguity"?

Reason

China's Uyghur 'shoot-to-kill re-education camps' as images blow apart propaganda

Thousands of leaked images show Uyghurs in China chained by military officials carrying batons, as well as evidence that up to 5,000 Muslims were detained for crimes as small as forgetting to use their mobile phones enough

Daily Mirror

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Why Bitcoin- And Ethereum-Related Stock SOS Limited Is Getting Hammered Today

Sos Ltd - ADR (NYSE: SOS) shares are trading lower by 8.18% at $0.33. Shares of Chinese companies are trading lower in possible reaction to US President Biden's recent unveiling of the Indo-Pacific Economic Framework to counter China's influence in the region.

Benzinga

Why NIO Shares Are Getting Hammered Today

Nio Inc - ADR (NYSE: NIO) shares are trading lower by 7.56% at $14.79. Shares of Chinese companies are trading lower in possible reaction to US President Biden's recent unveiling of the Indo-Pacific Economic Framework to counter China's influence in the region.

Benzinga

Why Alibaba Shares Are Getting Hammered Today

Alibaba Group Holding Ltd - ADR (NYSE: BABA) shares are trading lower by 4.75% at $83.09. Shares of Chinese companies are trading lower in possible reaction to US President Biden's recent unveiling of the Indo-Pacific Economic Framework to counter China's influence in the region.

Benzinga

Soros says Ukraine may be start of World War Three

Billionaire financier George Soros said on Tuesday that Russia's invasion of Ukraine may have been the beginning of World War Three so the best way to preserve free civilisation was for the West to defeat President Vladimir Putin's forces.

Reuters

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In Asia, Biden pushes values he struggles to sell at home

Joe Biden spent his first presidential trip to Asia strengthening economic and military commitments

The Independent UK

Guardforce AI Acquires Eight Companies In China For $30M

Guardforce AI Co Ltd (NASDAQ:GFAI) (NASDAQ:GFAIW) entered into two definitive agreements to acquire eight companies in China for $30 million. The deal will be paid in a combination of cash (10%) and restricted ordinary shares of GFAI (90%) at an agreed price of $2/share. As per the first agreement, GFAI will acquire Beijing…

Benzinga

U.S. takes on China’s repression of overseas dissidents

The government is taking action to protect people on U.S. soil.

Axios

Hong Kong Catholic cardinal criticises China deal after national security arrest

Hong Kong's Cardinal Joseph Zen - in his first public remarks since he was arrested in a national security case earlier this month - on Tuesday criticised the Vatican for its "unwise" deal with China that is due for renewal in September.

Reuters

Shanghai: world's biggest port is returning to normal, but supply chains will get worse before they get better

Shanghai is slowly emerging from a gruelling COVID lockdown that has all but immobilised the city since March. Although Shanghai’s port, which handles one-fifth of China’s shipping volumes, has been operating throughout, it has been running at severely reduced capacity. Many shipments have either been cancelled, postponed or rerouted to…

The Conversation

Dismal APAC Performance, Higher Freight Costs, FY22 Outlook Cut: Abercrombie & Fitch's Q1 Highlights

Abercrombie & Fitch Co (NYSE:ANF) reported first-quarter FY22 sales growth of 4% year-on-year to $813 million, beating the consensus of $799.31 million. Net sales from the Hollister brand decreased 3% Y/Y, and Abercrombie rose 13%. Sales in the U.S. climbed 6% Y/Y, and EMEA rose 3%. APAC sales fell 35% impacted by COVID…

Benzinga

Is Tencent Past the Worst as Government Sends Easing Signals?

Key Takeaways: Tencent reported its first quarter profit fell 22.9%, but the market believes the worst is past after Beijing’s recent end to its freeze on new game approvals

Benzinga

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Benzinga

Vipshop Takes Defensive Posture As Headwinds Mount

Key Takeaways: Vipshop’s revenue fell 11% in the first quarter, and it forecast the decline would accelerate to as much as 25% in the current quarter Company last month authorized a new $1 billion share repurchase program after buying back $500 million of shares over the previous year By Doug…

The Independent UK

Australian prime minister attacks China at Quad and backs Biden’s stand on Taiwan

‘It’s China that has applied sanctions on Australia. There is no justification for doing that’

ABC News

Chinese Foreign Minister Wang Yi visiting multiple nations as Pacific push continues

The Chinese government confirms the diplomatic tour will focus on building trust and relationships within the Pacific region.

Wales Online

Japan scrambles jets after 'provocative' flyby by Russia and China warplanes on Tokyo's big day

Leaders of the US, Australia and India are currently attending the Quad summit

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news in one place.

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The Conversation

Biden on Taiwan: Did he really commit US forces to stopping any invasion by China? An expert explains why, on balance, probably not

The White House has been left scrambling a little after President Joe Biden suggested on May 23, 2022, that the U.S. would intervene militarily should China attempt an invasion of Taiwan.

Reuters

U.S. says China and Russia bomber drill shows depth of their alignment

A joint strategic bomber exercise by Russia and China in East Asia on Tuesday shows the depth of the two countries' alignment, a senior U.S. administration official said.

Bangkok Post

China, Russia conduct joint aerial patrol in military exercise

Chinese and Russian militaries conducted a joint aerial patrol on Tuesday, China's defence ministry said.

Reuters

China and Russia hold first military exercise since Ukraine invasion

China and Russia's air forces conducted a joint aerial patrol on Tuesday over the Sea of Japan, East China Sea and the Western Pacific, China's defence ministry said.

The Guardian - UK

Thousands of detained Uyghurs pictured in leaked Xinjiang police files

Documents detailing shoot-to-kill policy for people who try to escape published as UN human rights chief visits region

Caixin Global

China’s Foreign Minister to Visit South Pacific Island Nations After Security Pact With Solomon Islands

Wang Yi’s trip will take him to the Solomon Islands, Kiribati, Samoa, Fiji, Tonga, Vanuatu, Papua New Guinea and East Timor

Benzinga

Morning Brief: Top Financial Stories Dominating on Tuesday, May 24

CNBC

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