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The Latest Breaking News from China

China: Tesla Competition Asks Teams To Design Cyberquad Battery

The Cyberquad will most likely not just be designed, but also built in China, then shipped to the US and elsewhere.

InsideEVs

China’s Iron Ore and Rebar Futures Plummet on Weakening Demand

Government’s decision to reduce crude steel output cuts into iron ore prices, while Covid disruptions weigh on steel

Caixin Global

Jeff Bezos Raises The China Question As Elon Musk Inks Twitter Deal

After all the drama that was enacted, Tesla, Inc. (NASDAQ: TSLA) CEO Elon Musk finally wrapped up the Twitter, Inc.

Benzinga

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India's Top Transport Leader Says Tesla Welcome To Make EVs In India — But Importing From China Is A Deal-Breaker

Ahead of Tesla Inc. (NASDAQ: TSLA) planned entry into one of the world's largest auto markets, India's transport minister said the electric vehicle manufacturer should make cars in India and must not import it from China.

Benzinga

Global Airline Capacity Hits New Peak In 2022 As China Demand Recovers: Reuters

Despite lengthy lockdowns in Asia's largest aviation market, global airline capacity has risen to its highest level in 2022 this week owing to a rebound in Chinese domestic demand, Reuters reported, citing travel data firm OAG. According to OAG data, global airlines added 2.5 million seats in the week ending Monday,…

Benzinga

House, Senate to open conference on R&D, technology bills - Roll Call

House and Senate conferees are going to work to iron out differences in their bills to help the United States compete with China.

Roll Call

Beyond Putinism: Ukraine war commentary shows how Hegelian binaries run into blind spots

There are points of ferment in world politics when one is tempted to define the zeitgeist of the current or the emerging world order. Many times the tumult is cast in a way that it takes the form of a Hegelian contest of ideas and the systems representing them; sometimes…

Newslaundry

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Morrison silent on ‘red line’ for China as Labor continues attack over handling of the Pacific

Coalition wants focus on the economy but prime minister remains mired in fallout over Solomon Islands

The Guardian - AU

Culp Cuts Q4 Outlook As COVID-19 Lockdown Affects China Operations

Culp Inc (NYSE:CULP) said it is lowering its fourth-quarter FY22 expectations due to COVID-related shutdowns affecting its China operations and further weakness in domestic mattress industry sales. Culp sees Q4 net sales to be significantly down (prior view: slightly lower) from Q4 FY21. It expects an operating loss of $(6.5) million - $(7.5)…

Benzinga

IMF Warns Asia Faces ‘Stagflationary’ Economic Outlook

The Asian region faces a "stagflationary" outlook, a senior International Monetary Fund (IMF) official warned on Tuesday, citing the Ukraine war, spike in commodity costs and a slowdown in China as creating significant uncertainty. While Asia's trade and financial exposures to Russia and Ukraine are limited, the region's economies will…

Asharq Al-Awsat

Iran-Pakistan Ties on Brink after Khan's Ouster

Iran is concerned that the progress it has made in bilateral relations with Pakistan may evaporate with the ouster of prime minister Imran Khan. Iranian experts expect new Pakistani PM Shehbaz Sharif to pay a visit to Iran soon as part of a revision of his predecessor's foreign policy. Pakistan…

Asharq Al-Awsat

GAC Aion Opens Its First Battery Swap Station In Guangzhou, China

GAC Aion has no model compatible with battery swapping now, but its entire EV lineup will become battery-swappable from 2023 based on the new GEP 3.0 platform.

InsideEVs

BMW And Audi Reportedly Halt Shipments To China By Rail: What You Need to Know

The Russia-Ukraine crisis is continuing to affect the fortunes of automakers in more than one way. Alongside severely impairing the supply chain, the geopolitical tension is also seen casting a cloud on logistics.

Benzinga

US threatens military action if China sets up Solomon Islands base: ‘Would very naturally respond’

New security pact allows China to send police and military personnel to Solomon Islands while also opening doors for Chinese warships to stop in port

The Independent UK

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The Independent UK

Sri Lanka discusses loan from China to cover earlier debts

Sri Lanka’s government says China does not want to restructure its loans to the island nation but is discussing making an additional loan to help with repayment of existing debts

Reuters

Solomon Islands tells Japan it will not allow China military bases

Solomon Islands Prime Minister Mannaseh Sogavare told a visiting Japanese delegation on Tuesday that he had no intention of allowing China to build military bases in his country, Japanese Foreign Minister Yoshimasa Hayashi said.

Reuters

China dismisses speculation it may try to influence Twitter via Tesla

China's foreign ministry said on Tuesday there was no basis to speculation that Beijing could try to use leverage over electric car maker Tesla Inc in order to influence content on U.S. social media site Twitter Inc.

The Guardian - UK

EU warns Elon Musk that Twitter must stick to digital rules – as it happened

Rolling coverage of the latest economic and financial news, including the latest on Elon Musk’s takeover of Twitter

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Reuters

Taiwan aims to learn lessons of Ukraine in annual military drills

Taiwan will incorporate lessons learned from Russia's invasion of Ukraine into upcoming military exercises aimed at practising fighting off a Chinese attack, the island's defence ministry said on Tuesday.

Caixin Global

Shanghai Composite Index Fell 1.44% on Tuesday

Shenzhen Component Index closed down 1.66%

Evening Standard

FTSE 100 Live: Reaction to Elon Musk’s Twitter deal, markets recover after China losses

Elon Musk’s Twitter deal has set the tone for a stronger European session as sentiment recovers after hefty China-driven losses.

The Independent UK

Beijing enforces mass COVID testing, closes neighborhoods

Beijing was enforcing mass testing and closing down access to neighborhoods as China’s capital sought to contain a new COVID-19 outbreak

The Conversation

Labor’s Pacific plan is underdone and risks further politicising foreign policy

The news China has negotiated and signed a defence cooperation agreement with the Solomon Island has exposed the Australian government to a barrage of criticism.

The Guardian - UK

Jeff Bezos questions China’s influence over Elon Musk’s Twitter

Amazon founder raises concerns after Tesla boss strikes $44bn deal to buy social media platform

Reuters

Sri Lanka begins talks with China on refinancing debt

Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades.

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