The Latest Breaking News from China

Tesla Made Up Almost Half Of China's NEV Exports In H1 2022

Despite the Shanghai lockdowns, Tesla managed to export 97,182 vehicles from its Chinese factory, which accounts for 48% of China's NEV exports in H1 2022.

InsideEVs · Jul 18, 2022

NVIDIA Stock Is Winding Up for A Record Setting Second Half

Semiconductor giant NVIDIA (NASDAQ: NVDA) stock is down (-48%) during the 2022 technology bear market. The leading maker of graphic processor units (GPUs) saw record growth as revenues rose 46.4% in its fiscal Q1 2023.

Benzinga · Jul 18, 2022

Volkswagen Group Global BEV Sales In Q2 2022: 118,000

Volkswagen Group all-electric vehicle sales increased in Q2 by over 6% year-over-year to around 118,000.

InsideEVs · Jul 18, 2022

‘Abusing China’s restraint’: Beijing accuses Australia of provocation at sea

Global Times quotes comments by foreign ministry spokesman Wang Wenbin on military encounters in the South China Sea

The Guardian - AU · Jul 18, 2022

China banks told to bail out property developers as mortgage boycotts threaten economy

Regulator’s intervention comes as thousands of homebuyers refuse to make mortgage repayments as crisis in property sector deepens

The Guardian - AU · Jul 18, 2022

Oil Prices Extend Gains

Oil prices extended gains on Monday, propped up by a weaker dollar and tight supplies that offset concerns about recession and the prospect of widespread COVID-19 lockdowns in China again reducing fuel demand. Brent crude futures for September settlement rose 69 cents, or 0.7%, to $101.85 a barrel by 0421…

Asharq Al-Awsat · Jul 18, 2022

Shanghai enforces new COVID testing, some areas in China extend lockdowns

Several large Chinese cities including Shanghai are rolling out new mass testing or extending lockdowns on millions of residents to counter new clusters of COVID-19 infections, with some measures being criticised on the internet.

Reuters · Jul 18, 2022

Scorching heat expected to resume baking China this week

Searing summer heat waves are expected to return this week across large parts of China, lasting through late August, the state weather forecaster said, despite brief interludes of seasonal rain.

Reuters · Jul 18, 2022

Pacific Islands are back on the map, and climate action is not negotiable for would-be allies

This year’s Pacific Islands Forum marked the beginning of a more dangerous era as Pacific leaders tried to find common responses to both the climate crisis and sharpening geostrategic competition.

The Conversation · Jul 18, 2022

Pacific islands demand climate action as China, US woo region

Small island nations call for more action on climate change while pledging unity amid growing geopolitical competition.

Al Jazeera · Jul 18, 2022