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The Latest Breaking News from China

Elon Musk Says Tesla Will Expand Giga Shanghai But No New Plant Planned In China

Tesla Inc (NASDAQ: TSLA) CEO Elon Musk said on Tuesday that the electric vehicle maker would expand its Giga Shanghai factory but has no plans to launch any new plants in China.

Benzinga

Yoon Suk-yeol faces tough challenges. Is he up to the job?

Yoon Suk-yeol faces range of ‘complex crises’, from N Korean nuclear tests and US-China rivalry to a slowing economy.

Al Jazeera

Trump repeatedly asked if China had secret ‘hurricane gun’ and if US could retaliate, report says

‘I did not get the sense he was joking at all,’ insider tells Rolling Stone magazine

The Independent UK

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China says warned U.S. warship as it transited Taiwan Strait

China's military said on Wednesday that it had monitored and warned a U.S. warship that had sailed through the sensitive Taiwan Strait, a mission that happened shortly after China carried out drills near the island.

Reuters

Explainer: Should we be concerned about the baht?

Thailand started off this week with the baht weakening to a five-year low of 34.62 against the greenback. While in line with other Asean currencies that have softened against the US dollar, the performance is worth monitoring because it serves as an indicator in the country's recovery.

Bangkok Post

Trump inquired if China could make hurricanes to harm US, ex-officials say

Former president also wanted to know if it would constitute an act of war and if hurricanes could be nuked to stop them

The Guardian - US

New Philippine President Marcos Is No Duterte on Foreign Policy

Monday’s victor intends to defend sovereignty against China and prioritize the U.S. alliance.

Foreign Policy

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China’s zero-Covid policy is not sustainable, WHO director general says

Dr Tedros Adhanom Ghebreyesus calls for shift in approach as scores of Chinese cities remain in strictly enforced lockdown

The Guardian - UK

Analysis-Marcos as Philippine president a boon for China, awkward for U.S

The decisive victory of Ferdinand Marcos Jr. in the Philippines' presidential election on Monday is set to re-shape the Southeast Asian country's relations with China and the United States as he seeks closer ties with Beijing.

Reuters

WHO chief says China's zero-COVID policy not 'sustainable'

The head of the World Health Organization said on Tuesday China's zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by the U.N. agency on a government's handling of the pandemic.

Reuters

WHO chief says China’s 'zero-COVID' policy not ‘sustainable’

The head of the World Health Organization said on Tuesday China's zero-tolerance COVID-19 policy is not sustainable given what is now known of the virus, in rare public comments by the UN agency on a government's handling of the pandemic. "We don't think that it is sustainable considering the behavior…

Asharq Al-Awsat

A Swiss army knife app: what is WeChat and how is it being used in Australia’s 2022 federal election?

With three million users across the country, including politicians and media, the network could play a pivotal role in determining who wins

The Guardian - AU

Ferragamo Aims to Double Sales Mid-Term but Warns of China Hit

Revenues at Italian luxury group Salvatore Ferragamo beat market forecasts in the first quarter despite a decline in retail sales in China because of new COVID-19 restrictions, and the group said it expected to double sales in the medium term. The leather goods maker, famous for making shoes for Hollywood…

Asharq Al-Awsat

Xpel Q1 Earnings Exceed Estimates Amid New Car Inventory Constraints

Xpel Inc (NASDAQ:XPEL) reported first-quarter FY22 sales growth of 38.6% year-on-year to $71.86 million, beating the consensus of $68.86 million. Product revenue rose 29.3% Y/Y, and Services revenue increased 98.5%. The gross margin for the quarter expanded 330 basis points to 38.6%. The operating margin was 14%, and operating income for the quarter…

Benzinga

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Reuters

China wants to take Taiwan peacefully but is preparing militarily -U.S. intelligence officials

China would prefer to take over neighboring Taiwan without military action but is working to get to a position where its military could prevail even if the United States intervenes, U.S. intelligence chiefs said on Tuesday.

Benzinga

Here's How Alibaba, JD Are Proving Handy Amid China Lockdown

Alibaba Group Holding Limited (NYSE: BABA), JD.com, Inc (NASDAQ: JD), and Meituan (OTC: MPNGY) have built effic

Al Jazeera

WHO says China’s zero-COVID strategy unsustainable

UN health agency officials say that any measure to tackle a coronavirus outbreak should show respect for human rights.

Benzinga

Stodgy Tax Services IPO Looks Like What U.S. Investors Want from China Now

Key Takeaways: Lichen China has filed for an IPO to raise about $25 million, positioning itself as a potential consolidator in China’s vast, but highly fragmented, tax services market Company points out it should be able to avoid many of the recent controversies now dogging U.S.-listed Chinese stocks By Doug…

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Reuters

UN rights boss to arrive in China for historic visit by month-end

(Corrects to add dropped letter in spokesperson's name)

Axios

The U.S. wants back in the Asia trade game

Biden may soon launch a new regional agreement.

Reuters

Dropping zero-COVID policy in China without safeguards risks 1.5m lives - study

China risks just over 1.5 million COVID deaths if it drops its tough zero-COVID policy without any safeguards such as ramping up vaccination and access to treatments, according to new modelling by scientists in China and the United States.

The Guardian - UK

Beijing accuses US of ‘political manipulation’ in latest Taiwan row

State department fact sheet amended to remove line saying US ‘does not support Taiwan independence’

Tribune News Service

The fur flies as House, Senate wrangle over ban on mink farming

WASHINGTON — The future of an estimated 100 U.S. mink farms may be decided by House and Senate negotiators resolving differences in a massive research and technology package designed to make the nation more competitive with China.

The Conversation

China’s COVID crisis and the dilemma facing its leaders, by experts who have monitored it since the Wuhan outbreak

More than two years after a deadly strain of coronavirus was first identified in the central city of Wuhan, China remains locked in a COVID crisis. Around 400 million people are currently thought to be living under some form of lockdown across the country. One of China’s largest cities, Shanghai,…

Reuters

French President Macron discussed Ukraine war with China's Xi - Elysee

French President Emmanuel Macron and Chinese counterpart Xi Jinping on Tuesday discussed the war in Ukraine and the global food crisis arising from it, and called for an urgent ceasefire, the Elysee said after a phone call between the two leaders.

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