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The Latest Breaking News from China

U.S., Taiwan to launch trade talks after island excluded from Indo-Pacific group

The United States will launch new trade talks with Taiwan, U.S. officials said on Wednesday, just days after the Biden administration excluded the Chinese-claimed island from its Asia-focused economic plan designed to counter China's growing influence.

Reuters

Investors See Better Road Ahead for Autohome Despite Profits Setback

Key Takeaways: Autohome’s adjusted net income tumbled 40% during the first quarter, less than the 50% drop expected by the market. Relieved investors sent the share price soaring 19% over three trading days

Benzinga

Mekong River in jeopardy: Sand-pumping operations ravage ecosystem

The Mekong is one of the largest rivers in the world, beginning in China and flowing through Thailand, Vietnam and Cambodia. Nearly 70 million people in Asia are dependent on its waters for fishing or to irrigate their rice fields. But this watery giant is threatened due to the dredging…

France 24

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The Quad: US efforts to counter China's influence in Asia mark a new era of micro alliances

US president Joe Biden recently visited Asia in an effort to strengthen relationships in the region, most notably meeting with leaders of the “Quad” alliance of America, Japan, India and Australia. This group of like-minded states represents a 21st-century diplomatic mechanism which is growing in importance in lieu of an…

The Conversation

More seek gun training in Taiwan as Ukraine war drives home China threat

From tour guides to tattoo artists, some in Taiwan are taking shooting lessons for the first time in their lives as Russia's invasion of Ukraine ratchets up anxiety at the prospect of giant neighbour China making a similar move on the democratic island.

Reuters

NIO Slightly Increased Electric Car Sales In May 2022

NIO managed to slightly increase its electric car deliveries in May, although the company is still suffering from COVID-19 lockdowns in China.

InsideEVs

Noted Tesla Analyst Sees Auto Pricing Power Shift From Dealers Toward Suppliers

Long-lasting global auto semiconductor chip shortages could ease sooner than expected on the back of strong foundry shipments, consumer electronics slowdown and China re-opening, Morgan Stanley analyst Adam Jonas said on Tuesday.

Benzinga

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China Eases Package Tour Restrictions to Aid Battered Industry

Groups will only be barred from traveling to specific cities with cases, rather than whole regions

Caixin Global

Australian FM to visit Samoa, Tonga in bid to boost Pacific ties

Penny Wong to visit the countries days after her Chinese counterpart, as China and Australia vie for regional influence.

Al Jazeera

Weibo Shares Gain On Q1 Beat Aided By User Base, Traffic

Weibo Corp (NASDAQ:WB) reported first-quarter FY22 revenue growth of 6% year-on-year to $484.6 million, beating the consensus of $473.98 million. Revenue grew 3% Y/Y on a CC basis. Segments: Weibo's Advertising and marketing revenues rose 10% Y/Y to $427.1 million. Value-added service (VAS) revenues decreased 17% Y/Y to $57.5 million. Drivers: Monthly active users (MAUs)…

Benzinga

Live updates | Ukraine reports battle gains and challenges

A regional governor in southern Ukraine says Russian troops are retreating and blowing up bridges to obstruct a possible Ukrainian advance

The Independent UK

With Beijing’s New Envoy Lu Kang in Jakarta, What’s Next for Its Ties With Indonesia?

Indonesia’s upcoming general election in 2024 would be a “testament” to Lu’s ambassadorship, experts say.

The News Lens

Penny Wong ramps up Pacific lobbying effort as she flies out to Samoa and Tonga

Foreign affairs minister tells regional leaders ‘we understand we need to work together like never before’ as battle for influence with China intensifies

The Guardian - AU

China slams Biden, Ardern comments on Xinjiang, Hong Kong, Taiwan

China's foreign ministry on Wednesday slammed a joint statement by the leaders of the United States and New Zealand that expressed "grave concerns" on human rights violations in Xinjiang and the erosion of freedoms in Hong Kong.

Reuters

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The News Lens

As the World Sanctions Russia, China Takes Note

China’s reliance on the West and its capacity to withstand sanctions will be reduced if it has more control over the financial system. While it is working towards becoming less economically dependent on the West, it is not there yet.

Los Angeles Times

Taiwan's political divide fueled a gunman's rage. It also splits my family

After my parents got married, my Yeye went to my Ah-Gong's house in Taiwan to introduce himself.

Asharq Al-Awsat

China 'Bars' Russian Airlines with Foreign Planes

China has barred Russia’s airlines from flying foreign-owned jetliners into its airspace, the Russian news outlet RBK reported, after President Vladimir Putin threw the aircrafts' ownership into doubt by allowing them to be re-registered in Russia to avoid seizure under sanctions over Moscow’s attack on Ukraine. The European Union, home…

Caixin Global

Shanghai Composite Index Fell 0.13% on Wednesday

Shenzhen Component Index closed up 0.21%

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The Independent UK

Shanghai starts coming back to life as COVID lockdown eases

Traffic, pedestrians and joggers are reappearing on the streets of Shanghai as China’s largest city begins returning to normalcy after a strict two-month COVID-19 lockdown that drew protests over its heavy-handed implementation

Benzinga

Warren Buffett-Backed BYD Plans To Buy 6 African Lithium Mines: Here's How Many EVs They Can Cater To

China's BYD Co (OTC: BYDDY) is looking to acquire six lithium mines in Africa, CnEVpost said on Tuesday, citing a source-based

The Independent UK

China's Russia dealings irk US, but don't breach sanctions

China’s support for Russia through oil and gas purchases is irking Washington and raising the risk of U.S. retaliation

Caixin Global

Zhang Wenhong: The Unprecedented Omicron Challenge That Hit Shanghai

A comparison of data shows that the death rate among the vaccinated is far lower than that the unvaccinated, so protecting vulnerable groups must be the priority

The Independent UK

Report: China bars Russian airlines with foreign planes

A Russian news outlet says China has barred Russia’s airlines from flying foreign-owned jetliners into its airspace

Asharq Al-Awsat

Oil Prices Nudge Higher on EU's Russian Oil Ban, End of Shanghai Lockdown

Oil prices gained slightly on Wednesday after European Union leaders agreed to a partial and phased ban on Russian oil and as China ended its COVID-19 lockdown in Shanghai. Brent crude for August delivery was up 28 cents, or 0.2%, at $115.88 a barrel at 0338 GMT.

The Guardian - AU

Top Gun: Maverick sparks joy in Taiwan after its flag features on Tom Cruise jacket

Reports of cheers at an advance screening as Hollywood risks anger in Beijing at depiction on apparel of Cruise’s Captain Pete ‘Maverick’ Mitchell

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