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The Latest Breaking News from China

Here's Why JPMorgan Upgraded Alibaba, Other Chinese Stocks Months After Calling Them 'Uninvestable'

JP Morgan Chase & Co (NYSE:JPM) upgraded multiple Chinese internet companies, including Alibaba Group Holding Limited (NYSE: BABA) and Tencent Holding Ltd (OTC: TCEHY), to Overweight, Bloomberg reports. JPM also upgraded shares of Meituan (OTC: MPNGY), NetEase, Inc (NASDAQ: NTES), and Pinduoduo Inc (NASDAQ: PDD). "Significant uncertainties facing the sector should begin to abate on the back of recent regulatory announcements," the firm added. Also Read: Alibaba And…

Benzinga

Congress mulls immigration’s role in China competition strategy - Roll Call

House Democrats and advocates are pushing for immigration provisions that would attract high-skilled workers.

Roll Call

Mombasa Port: how Kenya's auditor-general misread China's Standard Gauge Railway contracts

In December 2018, a leaked letter from the Kenyan auditor-general’s office sparked a rumour that Kenya had staked its bustling Mombasa Port as collateral for the Chinese-financed Standard Gauge Railway. Our new research shows why the collateral rumour is wrong.

The Conversation

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read the most diverse news in one place.

The Coming Proxy War With China? A Veteran Australian Diplomat Warns Of An Asia-Pacific Ukraine War.

The U.S. Proxy War With Russia A point I made last month, that the Ukraine War is a proxy war between the U.S. and Russia. Now that the U.S. House of Representatives has passed an enormous, $40 billion in aid for Ukraine, more observers are acknowledging that this is a proxy…

Benzinga

Pakistan says it foiled suspected suicide attack against Chinese nationals

Pakistani police arrested a would-be suicide bomber who planned to blow herself up near a convoy of Chinese nationals along the China Pakistan Economic-Corridor (CPEC), a police statement said.

Reuters

China’s economic activity collapses under Xi’s COVID Zero policy

China’s economy is paying the price for the nation’s COVID Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery.

Tribune News Service

Tesla Recalls China Made Vehicles Again

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

Benzinga

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EU growth forecast cut as war in Ukraine fuels inflation

European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China

The Guardian - UK

Report: Tesla's Plan To Restore Full Production In China Is Delayed A Week

The Tesla Giga Shanghai plant is slowly resuming and increasing production, but it might take more time than initially expected to achieve full scale again.

InsideEVs

Elon Musk's Confidence In China Happens To Be Reciprocal

Officials in Shanghai helped Tesla cart over 6,000 employees and supplier employees to their jobs to help the automaker re-open its factory following lockdowns.

InsideEVs

Editorial: China's Short-Term and Long-Term Worries About Foreign Trade

Stabilizing trading companies’ business operations, and building more secure industry and supply chains are issues of paramount importance

Caixin Global

China's economy takes a hit from Covid-19 lockdowns

New data shows China's economy cooled sharply in April, as many cities including Shanghai suffered Covid-19 lockdowns. Industrial output dropped nearly 3 percent compared to a year before, while retail sales slumped 11 percent. Meanwhile, global wheat prices jump after India announces a ban on exporting the grain due to…

France 24

China’s Shanghai aims to end COVID lockdown by June 1

Shanghai to phase out strict lockdown measures that have kept 26 million people at home for more than six weeks.

Al Jazeera

What a Marcos Jr Presidency in the Philippines Means for Geopolitics

The Philippines might be Asia’s oldest democracy, but the continued appetite for strongman rule demonstrates a deep ambivalence about liberal democracy’s promises of political equality and rule of law and the likely continuation of the public’s acceptance of the autocratic practices that characterized Duterte’s presidency.

The News Lens

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Zenger

Apocalyptic Blood-Red Sky Perplexes Locals In Eastern China

The eerie sight transformed a typical night sky into something akin to a sci-fi movie — but with a harmless explanation.

Caixin Global

Shanghai Composite Index Fell 0.34% on Monday

Shenzhen Component Index closed down 0.6%

The Guardian - UK

Europe’s growth forecast cut as Ukraine war drives up inflation; diesel price hits record – as it happened

Rolling coverage of the latest economic and financial news

Evening Standard

FTSE 100 Live: China reveals Covid hit to economy, Vodafone shares surge

The economic impact of China’s zero-Covid policy has been revealed after the country’s industrial output and consumer spending figures hit their worst levels since the pandemic began.

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Irish Mirror

Thousands of thoroughbred horses killed to eat in Ireland as 'sickening' figures slammed

Consumption of horse meat has been growing globally since the 1990s. It is considered a delicacy in parts of France Italy, Holland, Switzerland and Belgium and commonly served in China, Russia, Central Asia, Mexico, Argentina and Japan.

The Independent UK

Most of Shanghai has ended virus spread, 1M left in lockdown

Authorities say most of Shanghai has stopped the spread of the coronavirus in the community and fewer than 1 million people remain under strict lockdown

Asharq Al-Awsat

US, EU to Boost Coordination on Semiconductor Supply, Russia

The United States and the European Union plan to announce on Monday a joint effort aimed at identifying semiconductor supply disruptions as well as countering Russian disinformation, officials said. Top US officials are visiting the French scientific hub of Saclay for a meet up of the Trade and Technology Council,…

The Independent UK

Uyghur county in China has highest prison rate in the world

In oasis towns and villages by the desert in China’s far west Xinjiang region, over 10,000 Uyghurs have vanished – ripped from their families and sentenced to years, even decades in prison on vague, secretive charges

The Independent UK

Uyghur county in China has highest prison rate in the world

The Independent UK

AP News Digest 3:15 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.

Reuters

Shanghai targets June COVID lockdown exit as China economy slumps

Shanghai set out plans on Monday for the end of a painful COVID-19 lockdown that has lasted more than six weeks, heavily bruising China's economy, and for the return of more normal life from June 1.

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