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The Latest Breaking News from China

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

CNBC

Benzinga

Tokyo shift: Albanese signals new foreign policy focus

Prime Minister Anthony Albanese has named climate change a major regional security issue as he signals a strategic policy shift at the Quad leaders meeting.

The New Daily

Jaishankar meets U.S., Japanese counterparts in Tokyo

Foreign Ministers of India, Japan and the U.S. discusses regional, global issues

The Hindu

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Nato head warns over risks of close economic ties with Russia and China

Jens Stoltenberg tells business leaders in Davos that values should matter more than profits

The Guardian - UK

Japan scrambles jets as warplanes from Russia and China approach airspace during Quad summit

Japan says Chinese bombers met Russian bombers and ‘made a joint flight to the East China Sea’

The Independent UK

IPEF economic framework launched without tariff reductions

The U.S.-led Indo-Pacific Economic Framework (IPEF) was launched Monday, with the pact positioned as an alternative to the Trans-Pacific Partnership free trade agreement as part of Washington's efforts to counter China.

The Japan News/Yomiuri

Behind the scenes in Japan, a welcome for Biden's defence of Taiwan

For Japan, U.S. President Joe Biden's comment he would be willing to use force to defend Taiwan signalled no formal change in policy. But behind the scenes in Tokyo, it was seen as a welcome warning at a time of growing alarm over China.

Reuters

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NetEase Shares Gain Post Q1 On Solid Contributions From Steady Online Game Services

NetEase, Inc (NASDAQ:NTES) reported first-quarter FY22 revenue growth of 14.8% year-on-year to $3.7 billion. Segments and margins: Online game services revenues grew 15.3% Y/Y to $2.7 billion. The gross margin for online game services expanded by 50 bps to 65.1%. Youdao, Inc (NYSE:DAO) revenue decreased 10.4% Y/Y to $189.4 million, and the corresponding gross margin…

Benzinga

The catastrophic success of China’s zero-COVID policy

For two years, it seemed as though China’s ruthless COVID-19 policy had paid off. After stumbling in its initial efforts to stem the pandemic, China’s rulers fixed a simple numeric target — zero COVID cases — and made sure everyone knew they had to reach it. The results looked severe…

Los Angeles Times

Brit couple face being forced to leave China without baby girl in passport fiasco

Callum and his wife Neelam, who are both teachers, are currently living in Shanghai where they welcomed their baby daughter Isabelle in February.

Daily Record

First Thing: Moscow to deepen ties with China as west pledges more weapons

Russia’s foreign minister says Moscow will depend only on ‘reliable’ countries. Plus, what we have got wrong about sleep

The Guardian - UK

Autohome Tops Q1 Amid COVID Resurgence

Autohome Inc (NYSE:ATHM) reported a first-quarter FY22 revenue decline of 20.1% year-on-year to $232.1 million, beating the consensus of $209.2 million. In March, the mobile daily active users increased by 7.5% Y/Y. Revenues from new energy vehicle (NEV) brands rose 156.1% Y/Y. Segments: Online Marketplace and Others Revenues declined 7.9% Y/Y to $78.3 million…

Benzinga

‘Attack on our identity’: Taiwanese Americans come together after tragic California shooting

Violence rocked a community already shook by years of rising hate crimes against Asian Americans and Pacific Islanders

The Guardian - US

Leak reveals China's 'shoot to kill' policy against Uighur detainees

A LEAKED cache of police files reveals “shocking” details about China’s brutal persecution of Uighur Muslims in Xinjiang province.

The National (Scotland)

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The Independent UK

Truss: hacked documents show China’s ‘human rights violations’ in Xinjiang

Foreign Secretary Liz Truss said Beijing must not attempt to cover-up its actions against minorities in Xinjiang.

The News Lens

‘Quad’ Talks in Japan Open With Eyes on China and Ukraine

Leaders from the U.S., Japan, India, and Australia are in Tokyo looking to bolster the Indo-Pacific group of major democratic nations. Although China is the Quad’s long term focus, Ukraine’s sure to feature on the agenda.

Bangkok Post

Australia's new PM scolds China over trade tariffs

SYDNEY: New Prime Minister Anthony Albanese rebuked China on Tuesday for imposing hefty tariffs on Australian exports two years ago, in remarks made while attending a regional security conference in Tokyo a day after being sworn in.

Evening Standard

Moscow will deepen ties with China, says Russia Foreign Minister Sergei Lavrov

Russia will focus on deepening ties with China, its foreign minister has said, saying Western countries had practised “Russophobia” since Russia’s invasion of Ukraine.

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Asharq Al-Awsat

Japan Hosts Quad Summit Seeking Unity on Countering China

Leaders of Japan, India, Australia and the United States met in Tokyo on Tuesday, looking to put China on notice as it expands its military and economic influence in the region. The summit of the grouping known as the Quad comes a day after US President Joe Biden said Washington…

Al Jazeera

China’s foreign minister Wang Yi heads to the Pacific

Wang Yi will visit the Solomon Islands this week followed by other Pacific nations.

The Guardian - AU

The rhetorical heat might be coming out of the Australia-China relationship, but there’s no fundamental shift – yet

‘Congratulatory message’ to Labor PM Anthony Albanese from Chinese premier may lower temperature but substantial ‘reset’ seems far off

The Hindu

Praise for Russia, distrust of the Quad: How China’s public views the world

A new survey underlines the impact of government messaging in shaping public opinion in China. This has important takeaways for India

ABC News

Beijing hopes UN human rights chief's visit will 'clarify misinformation' on China's human rights record

China's Foreign Minister tells the UN's top human rights officialhe hopes her visit will "clarify misinformation" on China's human rights record.

Al Jazeera

China pledges support for ailing economy, analysts doubt impact

Beijing says it will roll out additional tax cuts and postpone social security payments for firms to support growth.

Caixin Global

Exclusive: Davos Photo Used by U.S. Congressman to Criticize China Didn’t Show Anyone Chinese

Figures accused of not standing up during an ovation for the Ukrainian president’s speech at the World Economic Forum were actually from the Vietnamese delegation

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