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The Latest Breaking News from China

Grattan on Friday: Anthony Albanese has a lot on the go in the 'back office' of government

Anthony Albanese will be on the international road again next week. He’ll be at the NATO summit in Madrid, where the war in Ukraine will obviously dominate the discussions, which will also canvass China and climate change.

The Conversation

India completely central to Australia’s worldview, says Deputy PM Richard Marles

China is seeking to shape the world around it in a way that ‘we have not seen before,’ he says.

The Hindu

Here's Why Alibaba Shares Are Trading Higher Premarket

Alibaba Group Holding Limited (NYSE:BABA) founder Jack Ma's Ant Group Co is likely to apply for a critical financial license by June, Bloomberg reports. The move signals the fintech giant is getting closer to satisfying China's financial regulators, who quashed its listing ambitions in 2020. It followed a broader crackdown that erased over $1 trillion in…

Benzinga

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G7 hopes to show unity on Ukraine despite darkening economic outlook

The Group of Seven rich democracies will seek to demonstrate their long-term support for Ukraine in its fight against Russian aggression at a summit starting on Sunday even as the war's growing impact on the world economy tests their resolve.

Reuters

China's Xi Calls for Stronger Fintech Oversight, Security

A high-level Chinese government meeting led by President Xi Jinping has called for stronger oversight and better security in financial tech, state media reported, with the sector hit hard by a regulatory crackdown. The government action has pummeled some of China's biggest tech firms, wiping out hundreds of billions of…

Asharq Al-Awsat

Shanghai Composite Index Rose 1.62% on Thursday

Shenzhen Component Index closed up 2.19%

Caixin Global

China's coastal ecosystems still unhealthy despite recent progress, official says

Most of China's marine ecosystems are still in poor health despite recent improvements, and more efforts are needed to restore, protect and monitor coastal waters, an environment ministry official said on Thursday.

Reuters

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Record numbers of Chinese graduates enter worst job market in decades

Jenny Bai was among 10 high-performing computer science students from different Chinese universities selected by a Beijing-based internet firm for a job upon graduation, following four rounds of arduous interviews.

Reuters

Yamaha likely to bring NMax 155 to India

Yamaha has launched the updated NMax 155 scooter, which is based on the Aerox 155, in China. Conside

The Hindu

China hosts BRICS meeting amid rising economic concerns

Chinese President Xi Jinping is hosting a virtual summit with the leaders of Brazil, Russia, India and South Africa collectively known as the “BRICS," amid rising concerns over the global economic outlook and a growing political divide between Beijing and New Delhi

The Independent UK

China’s Xi talks of Russia-Ukraine war as ‘alarm for humanity’

Speaking at a virtual business forum, Chinese president also questions the utility of sanctions against Russia.

Al Jazeera

China, India may be buying more Russia oil than known, US says

WASHINGTON: China and India may be buying more Russian oil than the US previously believed, easing a supply crunch in global markets and potentially driving a recent price decline, one of President Joe Biden’s economic advisers said.

The Times of India

New Zealand's China dilemma: reviving ANZAC spirit region's best defence

Has our neighbour recognised that the threat to its security is of greater significance than protecting its economic interests?

Newcastle Herald

Family of food delivery driver Xiaojun Chen, who died at work, granted $830k compensation

A landmark court ruling finds Xiaojun Chen was an employee of Hungry Panda when he died after being hit by a bus in Sydney, entitling his widow and children to compensation.

ABC News

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Reuters

G7, NATO leaders to ratchet up pressure on Russia, keeping eye on China -U.S. officials

Leaders from the Group of Seven rich nations and the NATO alliance will seek to increase pressure on Russia over its war in Ukraine at meetings next week, while making clear that they remain concerned about China, senior U.S. administration officials said on Wednesday.

The Independent UK

Nato summit to host Asia-Pacific leaders for first time in show of ‘democratic’ unity aimed at Russia and China

‘Russia obviously continues to be the most serious and immediate threat to the alliance, but the strategic concept will also addressed the multifaceted and longer term challenges posed by the PRC to Euro-Atlantic security’

The Guardian - AU

Senior ministers to retire before Victoria’s election – as it happened

This blog is now closed

Caixin Global

Polysilicon Price Hits 11-Year High on Surging Solar Panel Demand

Key green energy material gains 25.8% in a year, sparking Chinese suppliers to plan a quadrupling of capacity by next year

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Radio France Internationale

BRICS partners may offer Russia a way out of sanctions impasse

The 2022 summit between leaders of China, Russia, India, Brazil and South Africa (BRICS) starts tomorrow, Thursday. In a speech preceding the virtual gathering, the host, Chinese President Xi Jinping, warned against "expanding" military ties. Meanwhile, only one BRICS country is critical of Russia's invasion of Ukraine, while some of…

Benzinga

Telsey Advisory Cuts Nike Price Target - Read Why

Telsey Advisory Group analyst Cristina Fernández has lowered the price target on Nike Inc (NYSE:NKE) to $140 (32% upside) from $170 and kept Outperform rating on the shares. The analyst cited near-term risks, including the impact of strict COVID lockdowns in China, demand decline in wholesale channel, given lowered expectations for 2H22 by key partners…

ABC News

Anthony Albanese is invited to visit PNG but its citizens must first elect a prime minister

In less than a fortnight, Papua New Guineans will head to the polls in an election that will likely see James Marape or Peter O'Neill elected prime minister. With tensions in the region high, the vote is being closely watched.

The Hindu

The role of caste in economic transformation

The divergent outcomes in structural transformation in the global South, i.e., India, China and S.E. Asia, are illustrative

ABC News

RAAF sent second jet into South China Sea hours after Chinese air force's 'dangerous' interception

Australia's air force was not deterred by a "dangerous" interception by a Chinese fighter jet last month, with new details emerging that the RAAF deployed a second Poseidon aircraft to the South China Sea the day after the incident.

Manchester Evening News

Man arrested after iconic pagoda vandalised in Manchester's Chinatown

The structure will now be closed while repairs are carried out

Benzinga

Macro Headwinds Accelerate Cango's Drive to Car Trading from Auto Finance

Key Takeaways: Cango’s revenue fell 30% in the first quarter, led by a 74% decline in its legacy auto financing business that the company is de-emphasizing in favor of broader auto trading services

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