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The Latest Breaking News from China

White House: G7 to address China's forced labor, intellectual property theft

The Group of Seven wealthy countries will address what they see as China's use of forced labor and intellectual property theft and other issues, the White House said on Saturday.

Biden's mission in Europe: Shore up alliance against Russia

Biden's mission in Europe: Shore up alliance against Russia

President Joe Biden is aiming to sustain the global alliance punishing Russia for its invasion of Ukraine as he embarks on a five-day trip to Europe

The Independent UK

Chance arrest on Bihar-Nepal border leads to sprawling illegal club in Delhi’s outskirts

Chance arrest on Bihar-Nepal border leads to sprawling illegal club in Delhi’s outskirts

Chinese national held for running exotic club stocked with cigarettes, liquor, lipsticks, high-heeled shoes, human-size teddy bears, golf clubs

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China amends law to tighten regulations on tech giants

BEIJING -- The standing committee of China's National People's Congress has passed a bill to amend the anti-monopoly law that includes stiffer penalties for companies that violate the merger review process and tighter regulations on tech giants.

The Japan News/Yomiuri

Why Relocating Mainlanders See Singapore as a Safe Haven for Their Businesses and Property

Chinese entrepreneurs, professionals and their families are moving to the Southeast Asian country in droves

Video of men attacking woman sparks widespread outrage in China

BEIJING -- An incident this month where a woman was violently attacked and injured by men in a restaurant in Tangshan, Hebei Province, China, has sparked widespread condemnation.

The Japan News/Yomiuri

China to provide $7.5 million in humanitarian aid to Afghanistan – foreign ministry

China will provide humanitarian aid worth 50 million yuan ($7.5 million) to Afghanistan after it was hit by an earthquake that killed more than 1,000 people this week, the Chinese foreign ministry said on Saturday.

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Shanghai Reports Zero Covid Cases for 1st Time Since Outbreak

Shanghai Reports Zero Covid Cases for 1st Time Since Outbreak

China reported zero new Covid-19 infections in Shanghai for the first time since March on Saturday, as the country's latest outbreak subsides after months of virus-spurred lockdowns and restrictions. China is the last major economy still committed to a zero-Covid strategy, stamping out new cases with a combination of targeted…

Asharq Al-Awsat

Chinese military: US plane in Taiwan Strait endangered peace

Chinese military: US plane in Taiwan Strait endangered peace

SHANGHAI: China's military said on Saturday that the recent fly through of a United States maritime plane through the Taiwan Strait deliberately disrupted the regional situation and endangered peace and stability.

China's Xi to visit Hong Kong for handover anniversary

China's Xi to visit Hong Kong for handover anniversary

Chinese leader Xi Jinping will visit Hong Kong this week to celebrate the 25th anniversary of the former British colony’s 1997 return to China

The Independent UK

Chinese military says U.S. plane in Taiwan Strait endangered peace

Chinese military says U.S. plane in Taiwan Strait endangered peace

China's military said on Saturday that the recent fly through of a U.S. maritime plane through the Taiwan Strait deliberately disrupted the regional situation and endangered peace and stability.

China's Xi to visit Hong Kong for 25th anniversary handover - Xinhua

China's Xi to visit Hong Kong for 25th anniversary handover - Xinhua

Chinese President Xi Jinping will visit Hong Kong for the 25th anniversary of the city's handover to mainland China, state news agency Xinhua reported on Saturday.

Are Sports Cars An Endangered Species In The Automotive World?

Are Sports Cars An Endangered Species In The Automotive World?

Between high-performance SUVs and the SUV/sedan hungry Chinese market, coupes and convertibles are becoming a very niche segment.

Deadly flood reminds of need for cooperation

Deadly flood reminds of need for cooperation

It is gratifying to note that Bangladesh and India resolved to work more closely for further collaboration in the areas of common rivers and water resources management during the seventh session of the Joint Consultative Commission (JCC) meeting held in Delhi on June 14.

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3 Coal Stocks That Are Up While The Rest Of The Market Plunges

Europe trying to replace Russian energy supplies is turning toward coal as a cheaper energy source, boosting demand. Moreover, investment in the coal market is expected to increase this year. With promising market prospects in sight, coal stocks SunCoke (SXC), China Shenhua (CSUAY), and Alpha Metallurgical(AMR) might be profitable investments.…

China reopens visas for Australians, but those with a past COVID-19 infection will have to take six PCR tests

China reopens family and work visas for Australians for the first time in two years, but people who have previously tested positive for COVID-19 will have to jump through extra hoops.

Meta's Biggest Rival Posts Visible Success On Gaming Foray Despite Bigger Rivals Like Tencent, NetEase

TikTok parent ByteDance Ltd's gaming foray exudes promise as spending across its mobile titles grew over the past year, according to Sensor Tower. The report highlighted TikTok owner generated $1 billion of player spending across its mobile games as of the year ended June 20, 2022, up 16% year-on-year. ByteDance had set…

Brick by brick: On the 14th BRICS Summit

BRICS countries have shown they can cooperate where their interests align

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Here's Why Credit Suisse Sees Tesla Triumph Amid Odds

Credit Suisse analyst Dan Levy maintained Tesla Inc (NASDAQ:TSLA) with an Outperform and cut the price target from $1,125 to $1,000 (37% upside). Levy expected Tesla's 2Q deliveries of 242,000, missing the consensus of ~280,000 due to the Shanghai COVID shutdown. Moreover, given the lower delivery outlook, the associated margin impact, and an expected Bitcoin impairment, he…

Los Angeles Times

Analysis: Russia has unified NATO. But Biden, G-7 allies face mounting challenges

KRÜN, Germany — When President Joe Biden returns to Europe this weekend for six days of economic and national security meetings, he’ll do so as the leader of reinvigorated Western alliances, resolute in responding to Russia’s invasion of Ukraine and recommitted to defending democracy.

The Independent UK

Solidarity behind Ukraine's Russia fight atop summit agendas

Back-to-back world leader summits in Europe this weekend will focus on uniting Western nations behind Ukraine in its fight against Russia’s invasion and overcoming Turkey’s opposition to NATO membership for Finland and Sweden

China Online Education Registers 90% Revenue Decline In Q1

China Online Education Group (NYSE:COE) (51Talk) reported a first-quarter FY22 revenue decline of 89.7% year-on-year to $9.5 million. COE did not recognize $48.0 million in non-compliant lesson consumptions as revenues. The number of active students with general lesson consumption was 298,600, down 24.0% Y/Y. Gross margin loss was (14.0)% versus 73.4% a year…

The Conversation

Ukraine war: Nato summit to meet in a world reordered by Russian aggression and Chinese ambition

Leaders of Nato’s 30 nations meet in Madrid at the end of June for what the secretary general, Jens Stoltenberg, has dubbed an “historic and transformative” summit. The war in Ukraine provides the backdrop, but preparations for the meeting began well before the Russian invasion. The conflict will focus minds…

The Japan News/Yomiuri

Chinese vessels spent record 64 hours in Japan's territory

The Japan Coast Guard confirmed Thursday that two China Coast Guard vessels intruded into Japanese territorial waters off the Senkaku Islands and stayed in the waters for 64 hours, the longest single intrusion since Japan nationalized the islands in 2012.

China Online Education Spins Off China Mainland Business

China Online Education Group (NYSE:COE) has entered into a definitive share purchase agreement with Dasheng Holding (HK) Limited, controlled by China Online chairman & CEO Jiajia Jack Huang. Under the agreement, Jiajia Jack Huang, through Dasheng, will acquire the company's online English tutoring businesses in the China mainland, including all associated liabilities…

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