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The Latest Breaking News from China

Tesla Will Run Two Shifts At Shanghai Plant From May 16

Tesla, Inc (NASDAQ:TSLA) looks to run two shifts at its Shanghai plant from May 16, Reuters reports. The additional shift would enable the EV maker to return factory output to pre-lockdown levels. Tesla aims to churn out 2,600 electric cars from the Shanghai plant per day. Also Read: Tesla Shanghai Workers Forced To…

Benzinga

IHG Hotels & Resorts On Way To Recovery As Travel Booms

InterContinental Hotels Group PLC (NYSE:IHG) IHG Hotels & Resorts said its first-quarter revenue per room neared pre-pandemic levels. Rise in demand for hotel stays in the U.S. spring break has lifted occupancy rates, Reuters reported. Q1 RevPAR, or revenue per available room, was up 61% over the same period in 2021, reaching 82% of the…

Benzinga

Taiwan jets scramble as China air force enters air defence zone

Taiwan's air force scrambled on Friday to warn away 18 Chinese aircraft that entered its air defence zone, Taiwan's defence ministry said, part of what is a regular pattern of incursions that has angered the government in Taipei.

Reuters

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China travel, tourism 'unlikely to improve materially' as coronavirus curbs hit Labour Day holiday

HONG KONG: Travel and tourism spending plunged during China's Labour Day holiday due to coronavirus lockdowns and restrictions rolled out across the country, with the "situation unlikely to improve materially in May", analysts said.

Bangkok Post

Wang Tao: How Far Will China's Yuan Depreciate

The yuan could weaken further against the U.S. dollar in the coming months, ending the year at 6.9

Caixin Global

China builds permanent COVID testing stations for life after lockdown

China is setting up thousands of permanent PCR testing stations, with 9,000 already completed in Shanghai alone, as authorities seek to "normalise" tough pandemic controls even after the current round of lockdowns end.

Reuters

China installing former security chief as Hong Kong leader

China is installing a career security official as the new leader of Hong Kong in the culmination of a sweeping political transformation that has gutted any opposition in the Asian financial center and placed it ever more firmly under Beijing’s control

The Independent UK

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Okinawa seeks Tokyo's help lowering tensions with China

Okinawa's governor is calling for Japan to do more for peaceful diplomacy with China

The Independent UK

Australia seeks friendship with Solomons despite China pact

Australia’s defense minister says his nation wants to continue having a strong friendship and relationship with the Solomon Islands despite it signing a security pact with China

The Independent UK

OPEC+ Sticks to Existing Deal Despite Price Rally

OPEC+ agreed on Thursday to another modest monthly oil output increase, arguing that the producer group could not be blamed for disruptions to Russian supply and saying China's coronavirus lockdowns threatened the outlook for demand. Ignoring calls from Western nations for accelerating output hikes, the group agreed to raise its…

Asharq Al-Awsat

Sports: Asian Games postponed amid COVID surge

The 2022 Asian Games, which were scheduled to take place in Hangzhou in September, were on Friday postponed amid a surge in COVID-19 cases in China. Read details on Dynamite News:

Dynamite News

Beijing accuses Japan of hyping China threat

China's foreign ministry on Friday accused Japan of exaggerating a perceived threat from Beijing as an excuse to boost its own military might, after Japanese Prime Minister Fumio Kishida warned the invasion of Ukraine could be replicated in East Asia.

Reuters

Asian Games in China postponed over spread of COVID-19

Less than three months after hosting the Winter Olympics and Paralympics, China's September Asian Games are being postponed because of concerns over the spreading omicron variant of COVID-19 The World University Games, another major multi-sport event, could also be postponed

The Independent UK

Holiday Inn owner enjoys boost from US spring break but struggles in China

InterContinental Hotels said revenues per available room were above pre-pandemic levels in the US but remained down in Europe.

The Independent UK

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Caixin Global

Shanghai Composite Index Fell 2.16% on Friday

Shenzhen Component Index closed down 2.14%

Benzinga

Apple, Microsoft To Be Hit As China Bans Foreign Computers, OS In Government Offices

China has asked its central government agencies and state-backed corporations to replace all foreign PC hardware and operating systems with domestic alternatives within two years, Bloomberg reported on Friday, citing people familiar wit

The Times of India

Asian Games 2022 postponed amid COVID surge in China: OCA

TASHKENT/BEIJING: The Hangzhou Asian Games, which were scheduled to take place from September 10 to 25, were on Friday postponed indefinitely amid a recent surge in COVID-19 cases in China.

Asharq Al-Awsat

Asian Games 2022 in China Postponed

The Asian Games due to take place in Hangzhou in September have been postponed indefinitely, organizers said Friday, as China battles a resurgence of Covid cases. No reason was given for the delay, but China is racing to extinguish its largest outbreak of Covid-19 since the early days of the…

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Reuters

As Beijing battles outbreak, China warns 'zero COVID' doubters

Beijing residents fretted on Friday over tightening COVID curbs in its biggest district and dozens of new cases reported daily as China's leaders reiterated their resolve to battle the virus and threatened action against critics of their strict measures.

ABC News

US set to boost civil society and media in Asia Pacific to counter China's influence

The United States' foreign aid agency flags it will pump more resources into civil society and free media throughout Asia and the Pacific as it intensifies efforts to push back against China's influence across the globe.

AAP

'Sincerity' needed to patch Solomon's bond

Deputy Labor Leader Richard Marles says Australia needs to repair the relationship with the Solomon Islands after it signed a security pact with China.

Al Jazeera

China stocks, yuan slide as Beijing doubles down on ‘zero COVID’

Market jitters follow Beijing warning against any questioning of its controversial pandemic strategy.

The Guardian - AU

Xi Jinping attacks ‘doubters’ as he doubles down on China’s zero-Covid policy

President defends ‘scientific and effective’ mass lockdowns despite protests, shortages and damage to economic growth

Newsroom.co.nz

Pacific Islands need to 'respond urgently' to Chinese expansion

Labour’s Ingrid Leary and National’s Simon O’Connor say Pacific nations need to urgently unite to counter China’s ambition.

Financial Times

Lockdowns, crackdowns, chew toys. Owning an illegal big dog in Beijing

In China’s strictest city for dog-owners, a growing community of big dog-lovers learns how to live on the wrong side of the law

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