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The Latest Breaking News from China

Here's Why EV Demand Continues To Soar Amid Odds

Global EV sales in the first quarter jumped nearly 120% Y/Y even with sticker prices surging, contradicting the decade and a half myth of EV sales breaking out only after battery costs dropped below a threshold, Reuters reports. The 2022 EV demand has stayed strong even as the average cost of…

Benzinga

Gogoro Confident Of Its Chip Supply: Reuters

Taiwanese electric scooter maker Gogoro Inc’s (NASDAQ:GGR) Chief Executive Officer Horace Luke said that the company has an adequate amount of chips to meet its needs, Reuters reported. The report quoted Luke saying the company used far fewer chips than electric car makers and has a healthy supply of chips. Meanwhile, CEO Luke warned…

Benzinga

The ‘Alaska’ pollock in your McDonald’s Filet-O-Fish could be fueling Russia’s war on Ukraine

The U.S. banned Russian seafood imports to keep from fueling the Russian war machine. But Russian fish still come in via China. The U.S. doesn’t check, though it could.

Chicago Sun-Times

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UN to debate Security Council permanent member veto power

The proposal requiring the five UNSC members to justify their use of veto comes after the Russian invasion of Ukraine.

Al Jazeera

China and Solomon Islands sign security pact, Beijing says it is 'not directed at any third party' amid Pacific influence fears

China and Solomon Islands have signed a framework agreement on security cooperation — a deal Australia, New Zealand and the US fear could open the door to a Chinese naval base in the South Pacific.

ABC News

Fisher: Uncertainty Is Sky-High, So Buy Stocks Before It Fades

The first-quarter fog will lift this year, catalyzing Chinese stocks’ long-awaited rebound

Caixin Global

Philippines ambassador to China 'Chito' Sta. Romana dies

The Philippines' ambassador to China, Jose Santiago “Chito” Sta

The Independent UK

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Asian shares mostly gain as China boosts support for economy

Shares are mostly higher in Asia after China's central bank offered more support for its slowing economy

The Independent UK

China-Russia cooperation is 'resilient', says senior Chinese diplomat

China told Russia it will continue to increase "strategic coordination" with it regardless of international volatility, the foreign ministry said in a statement on Tuesday.

Reuters

As China's travel chill deepens, tourist-starved regions struggle to get by

As China's domestic tourism unravels, desperate provinces are slashing ticket prices, offering tax breaks and even begging locals to help save plummeting tourist earnings in a sector that employs tens of millions of people.

Reuters

U.S. concerned after China says it signs security pact with Solomon Islands

China said on Tuesday it had signed a security pact with the Solomon Islands, a move set to heighten concerns of the United States and allies Australia and New Zealand about growing Chinese influence in a region traditionally under their sway.

Reuters

Shanghai Composite Index Ended Nearly Flat on Tuesday

Shenzhen Component Index closed down 0.5%

Caixin Global

Shanghai urges cooperation with COVID tests amid rising scepticism

The Chinese city of Shanghai on Tuesday pleaded for public cooperation with a massive new push to test most of the population for COVID-19 as it tries to bring community transmission down to zero after nearly three weeks of lockdown.

Reuters

The battle for the Pacific: The countries competing for supremacy

South Korea, Japan, China and Australia have all boosted their naval power as competition for resources heats up.

Al Jazeera

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The Independent UK

US officials heading to Solomons over China pact worries

The U.S. is sending two top officials to the Solomon Islands following a visit by an Australian senator over concerns that China could establish a military presence in the South Pacific island nation

Asharq Al-Awsat

Shanghai Reports 7 More Covid Deaths Since Start of Lockdown

China reported seven more deaths from Covid-19 in Shanghai on Tuesday, after hundreds of thousands of cases in the metropolis during a weeks-long lockdown. City authorities revealed the first deaths of this outbreak on Monday, with Tuesday's fatalities bringing the official toll to just 10, even as the virus continues…

Reuters

Hong Kong zero-COVID policies create mountains of plastic waste

Hong Kong arrivals meet plastic everywhere in quarantine hotels: Remote controls are wrapped in cellophane, pillows are encased in plastic bags, food comes with plastic cutlery.

Reuters

Analysis-China's Xi sticks with COVID stance despite anger, economic headwinds

For many leaders, mounting public anger and a rapidly worsening economic outlook would be cause for worry and a policy rethink.

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The Independent UK

White House commits to barring anti-satellite missile tests

The Biden administration says the U.S. is barring anti-satellite missile testing

Axios

Solomon Islands becomes unlikely epicenter of U.S.-China competition

The islands' planned security deal with China has U.S. officials worried.

ABC News

China, Solomon Islands pact would set 'concerning precedent', United States warns

The United States says a proposed security pact between Solomon Islands and China could destabilise the Pacific Island nation and set a "concerning precedent" for the region.

The Independent UK

China’s economy shows signs of slowdown amid strict Covid lockdowns

Shanghai effectively sealed off for weeks as China attempts to contain latest outbreak

The Conversation

Australia would be among the biggest economic losers from a new cold war

If tensions between the Western world and China and Russia led to a split into two separate financial and trading systems, Australia would be among the countries most hurt.

Benzinga

Here's Why Credit Slashed Its Price Target On PayPal

Credit Suisse slashed its price target for PayPal Holdings Inc (NASDAQ:PYPL) to $155 from $190 (55.5% upside) and reiterated Outperform. The re-rating followed model updates and increased levels of uncertainty stemming from multiple factors. Also Read: Read Barclays' Take On Visa, Mastercard, PayPal Amid Present Macro Environment The factors included CFO departure, inflationary pressures on…

Benzinga

Here's Why TAL Education Shares Are Falling

Shares of several Chinese companies, including TAL Education Group (NYSE: TAL), are trading lower as investors digest recent economic data. Investors also continue to assess the economic impact of a surge in COVID cases in China.

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