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The Latest Breaking News from China

China Ramps Up Regulation of Covid Test Agents

Top drug regulator warns of suspensions, recalls and penalties for bad actors as central government cracks down on fraud and other violations

Caixin Global

Dealing with the Indo-Pacific is not easy

While the IPEF may be a good idea, the framework does not address issues of trade and tariffs

The Hindu

Yellen says Biden team is looking to ‘reconfigure’ China tariffs

U.S. Treasury Secretary Janet Yellen said the Biden administration is looking to “reconfigure” tariffs imposed on Chinese goods under former President Donald Trump to make them more “strategic.”

Tribune News Service

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Coal's era might have passed, but respect for its help is eternal

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

Nike's Run Club App has reached the end of the road in China

The app, which counts 8 million users in the country, will officially shut down on July 8.

Input

Citi Sees Intel's Bear Case Taking Shape Sooner Than Expected

At a competitor conference on June 7, Intel Corp (NASDAQ:INTC) appeared to talk down the quarter as company management mentioned that circumstances were worse than expected during the quarter due to reduced inventory levels at customers and delays in normalization post-COVID lockdowns in China. Previously, Citi published multiple updates on flagging PC…

Benzinga

Key Takeaways From Baidu's First EV Launch

Baidu, Inc (NASDAQ:BIDU) electric vehicle arm Jidu Auto launched a "robot" concept car via an online press conference held on Baidu's metaverse-themed app Xirang. It is the first vehicle to be revealed by a Chinese internet company. The concept car is free of door handles and is fully controlled via voice recognition, Reuters reports.…

Benzinga

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Hong Kong Is a 'Wake-Up Call for the World'

Former Apple Daily writer Simon Lee says China's crackdown reveals the CCP's ambitions for global authoritarianism.

Reason

U.S. plans new trade pact with 'like-minded partners,' says senior official

The Biden administration will press its competitive goals against China with the launch of a new trade pact in the Americas focused on "like-minded partners" with existing free trade agreements, a senior Biden administration official said on Wednesday.

Reuters

Rhondda man teaching in China stuck in isolation for 21 days

'It seems like a bit of a hamster in a cage sort of situation'

Wales Online

Astronomers ponder 'cosmic mystery' over powerful radio wave bursts

Powerful bursts of radio waves emanating from a distant dwarf galaxy that were detected using a massive telescope in China are moving scientists closer to solving what one called a "cosmic mystery" that has lingered for years.

Reuters

What's Going On With Alibaba Stock Today?

Alibaba Group Holding Ltd (NYSE: BABA) shares continue to trade higher Wednesday after China granted licenses to a second batch of video games, signaling a continued easing of the country’s regulatory crackdown on tech companies.

Benzinga

China says U.S. needs to ease sanctions on N.Korea, end military exercises

The United States needs to take action on North Korea such as easing sanctions in certain areas and ending joint military exercises with South Korea, China's U.N. Ambassador Zhang Jun told the U.N. General Assembly on Wednesday.

Reuters

Inspired By Alibaba, Tencent Goes Global As Regulatory Crackdown In China Continues To Bite

Tencent Holdings Ltd (OTC:TCEHY) looks to unleash its flagship mobile game "Honor of Kings" globally by the end of 2022, Reuters reports. Tencent will launch the international version under its Singapore-based brand Level Infinite, formed in 2021 to help games globally. "Honor of Kings," with over 95% of its users in China,…

Benzinga

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Benzinga

China Said To Building A Secret Naval Base In Southeast Asian Country

China, whose navy has the world's largest fleet but only one foreign facility to launch ships, is secretly building a new naval base in Cambodia.

Bangkok Post

Why more European firms are choosing Vietnam over China

A combination of geopolitical tensions and higher costs are pushing large firms to look for alternative production sites. Vietnam's strong economic performance in recent years has drawn the attention of European firms.

Benzinga

Alibaba Could Suffer Fallout From Mysterious Disappearance Of 'Lipstick King'

The sudden disappearance of China's "Lipstick King" from Alibaba Group Holding's (NYSE: BABA) Taobao may come as a blow to the live-streaming platform.

Al Jazeera

Czech Republic eyes exit from China’s 16+1 investment club

Citing ‘unfulfilled expectations’, Prague considers leaving China’s 16+1 investment club for Central and Eastern Europe.

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Caixin Global

Ling Huawei: Missions of International Organizations and Roles of China

What expectations should China have for international organizations? At present, the views of Chinese people from various backgrounds seem inconsistent, and include long-term misunderstandings, writes Caixin managing editor Ling Huawei

Benzinga

DiDi Discusses Stake Acquisition In Sinomach Automobile's EV Division For $150M

DiDi Global Inc (NYSE:DIDI) discussed acquiring a third of the EV unit of state-backed Sinomach Automobile, Reuters reports. Recent reports suggested possible ease in the regulatory crackdown on the ride-hailing company. Didi was amid advanced discussions to acquire shares in small-sized automaker Sinomach Zhijun Automobile from minority shareholders, costing over 1 billion yuan…

Bangkok Post

Cambodia: No foreign military base allowed

Cambodia's Defence Minister Tea Banh reassured Wednesday that no foreign military base would be allowed in the country as it goes against its Constitution.

Reuters

Exclusive: Under Biden, China has widened trade lead in much of Latin America

China has widened the gap on the United States in trade terms in large swathes of Latin America since U.S. President Joe Biden came into office early last year, data show, underscoring how Washington is being pushed onto the back foot in the region.

The Independent UK

China's online "tank" cake snafu raises Tiananmen questions

An online snafu involving China’s most popular e-commerce livestreamer and a cake decorated to look like a tank has raised questions among some Chinese over the violent crackdown on pro-democracy protests in Beijing's Tiananmen Square on June 4, 1989

The Independent UK

China, Cambodia break ground on port, dismiss US concerns

Chinese and Cambodian officials have broken ground on a contentious naval port expansion project, dismissing American concerns it could provide Beijing with a strategically important military outpost on the Gulf of Thailand

Reuters

China hails "iron-clad" Cambodia ties as work begins on naval base

A Chinese official said on Wednesday an "iron-clad partnership" with Cambodia was bolstered by military cooperation, as work began on a China-funded upgrade of Cambodia's biggest naval base that has raised U.S. concern about China's growing influence.

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