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The Latest Breaking News from China

Why Is Biden Still Limiting Imports of South Korean Steel?

Biden's top trade adviser says tariffs must be "strategic," but what strategic value do tariffs on South Korean steel serve?

Reason

Tesla China Houses Workers At Military Campsites And Vacant Buildings

Tesla's second-shift workers will have to quarantine for 48 to 72 hours before joining the Giga Shanghai workforce and moving into the temporary dormitories.

InsideEVs

Canada's delayed ban of Huawei gear exposes lack of Indo-Pacific strategy

Canada's delayed decision to ban Huawei Technologies Co 5G equipment is putting pressure on Ottawa to deliver on a promised Indo-Pacific strategy, and to further diversify supply chains and reduce reliance on China for things like critical minerals, which is emerging as the battleground for clean technology.

Reuters

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Why Baidu Shares Are Gaining Today

Baidu, Inc (NASDAQ:BIDU) reported first-quarter FY22 revenue growth of 1% year-on-year to $4.48 billion, beating the consensus of $4.18 billion. Segments: Baidu's Core revenue increased 4% Y/Y to $3.37 billion; Online marketing revenue declined 4% Y/Y to $2.47 billion, and Non-online marketing revenue jumped 35% Y/Y to $903 million, driven by cloud and other AI-powered businesses.…

Benzinga

Rescuers save last dog 'scheduled for slaughter' in meat shop from butcher

WARNING: DISTRESSING IMAGES Animal activists have released footage from inside a Chinese slaughterhouse showing the last living dog, who was scheduled to be killed that day, being rescued

Daily Mirror

What Overseas Chinese Citizens Make Of Xi Jinping’s Resignation Rumours

Some say the rumors are meant to spread a false hope that the CCP could solve the legitimacy crisis of the authoritative political system.

The News Lens

Grattan on Friday: Stellar first week for Anthony Albanese but tough months ahead

Anthony Albanese had expected the election might be a week earlier than it was, because last Saturday would bump up against Tuesday’s Quad meeting in Tokyo.

The Conversation

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Lenovo Clocks Slowest Revenue Growth In 7 Quarters As Pandemic Demand Cools Down

Lenovo Group Ltd (OTC:LNVGY) reported fourth-quarter FY21/22 revenue growth of ~7% year-on-year to $16.69 billion, below the consensus of $17.36 billion. SSG revenue grew 28% and improved its operating margin by more than 1 point Y/Y. ISG sustained its profitability. IDG improved its operating margin Y/Y. It marked Lenovo's slowest growth in seven…

Benzinga

China top pick for 'important partner' among ASEAN nations

Japan came in second as an "important partner for the future" in a recent opinion poll conducted among people living in member states of the Association of Southeast Asian Nations.

The Japan News/Yomiuri

China strategy is about rules-based order, not 'new Cold War,' Blinken says

The United States will not block China from growing its economy, but wants it to adhere to international rules, Secretary of State Antony Blinken said on Thursday in a long-awaited speech on U.S. strategy to address China's rise as a great power.

Reuters

US Aims to Leverage Russia-Ukraine Bloc against China

US officials say the Biden administration is aiming to lead the international bloc opposed to Russia’s invasion of Ukraine into a broader coalition to counter what it sees as a more serious, long-term threat to global order from China. The officials said Secretary of State Antony Blinken will lay out…

Asharq Al-Awsat

US aims to leverage Russia-Ukraine bloc against China

U.S. officials say the Biden administration is aiming to lead the international bloc opposed to Russia's invasion of Ukraine into a broader coalition to counter what it sees as a more serious, long-term threat to global order from China

The Independent UK

Permanent war will destroy America

When Donald Trump and Marjorie Taylor Greene are the only people objecting to endless war, it's all gone wrong

Salon

Penny Wong promised a new approach to rising China. Did she deliver?

Senator Wong's trip did not effect immediate changes, nor could it have, but did clear signal a new and longer view on what might tip the difference.

The New Daily

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WEKU

Western countries watch as China's foreign minister begins South Pacific tour

Australia was scrambling to counter the move by sending its own Foreign Minister Penny Wong to Fiji to shore up support in the Pacific.

Bangkok Post

Cambodia hails US ties, seeks relief on China-linked sanctions

Cambodia said ties with the US had improved significantly and it expects the Biden administration to lift sanctions imposed over its ties with China “very soon”, a senior minister said on Wednesday.

Bangkok Post

Apple to keep iPhone production flat

Apple Inc is planning to keep iPhone production roughly flat in 2022, a conservative stance as the year turns increasingly challenging for the smartphone industry.

Asharq Al-Awsat

Scientists Fashion Smart Contact Lens to Treat Glaucoma

A team of researchers in China has developed a contact lens that can be used to monitor eye pressure changes and to administer glaucoma drugs when needed, reported the German News Agency. In their paper published in the journal Nature Communications, the team from Sun Yat-Sen University describes developing their…

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Reuters

Global firms warn of sluggish China demand due to lengthy COVID curbs

Two months into harsh COVID-19 lockdowns that have choked global supply chains, China's economy is staggering back to its feet, but businesses from retailers to chipmakers are warning of slow sales as consumers in the country slam the brakes on spending.

Caixin Global

Shanghai Composite Index Rose 0.5% on Thursday

Shenzhen Component Index closed up 0.57%

The Guardian - AU

Penny Wong tells Pacific nations ‘we have heard you’ as Australia and China battle for influence

Foreign minister uses speech in Fiji to declare ‘this is a different Australian government’ that will act responsibly on climate change

Reuters

China ForMin hopes relations with Solomon Islands can be model for Pacific islands

China hopes relations with the Solomon Islands can be a model for other Pacific Island countries, Chinese foreign minister Wang Yi said on Thursday, as he starts a regional tour.

The Independent UK

AP News Digest 3:40 am

Here are the AP’s latest coverage plans, top stories and promotable content. All times EDT. For up-to-the minute information on AP’s coverage, visit Coverage Plan at https://newsroom.ap.org.

Asharq Al-Awsat

UN Council to Vote Thursday on Tougher N.Korea Sanctions

The United Nations Security Council will vote Thursday, at the request of the United States, on a resolution aimed at toughening sanctions on North Korea after it fired an intercontinental ballistic missile, diplomats said Wednesday. The United States, which holds the rotating Security Council presidency for May, has scheduled the…

Reuters

COVID-hit Shanghai heads for lockdown exit but China still lost in economic gloom

Pandemic-hit Shanghai, China's financial hub, unveiled more post-lockdown plans on Thursday as it moves towards a return to normalcy, but a nationwide economic recovery is still a distance away, heightening a sense of urgency for more support.

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