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The Latest Breaking News from China

VIVXF: OxC-beta Approved in Vietnam…

By David Bautz, PhD OTC:VIVXF READ THE FULL VIVXF RESEARCH REPORT

Benzinga

Global stock markets fall sharply amid fears over inflation and China slowdown

FTSE 100 and S&P 500 among those to slide as investors worry that worldwide growth is weakening

The Guardian - UK

3 Chinese Electric Vehicle Stocks Wall Street Predicts Will Rally More Than 100%

The electric vehicle (EV) industry is well-positioned to register solid growth over the long run because countries are increasingly focusing on sustainable transportation to reduce carbon emissions. China is the largest producer of EVs and has the largest EV market globally. Therefore, many Chinese EV companies should grow handsomely with…

StockNews.com

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Google Maps users convinced they've found secret rocket hidden deep in desert

After spotting the odd-looking site deep in the Taklamakan desert people think they've uncovered a hidden Chinese rocket, although others believe there's a much simpler explanation

Daily Mirror

Morning Brief: Top Financial Stories Dominating on Monday, May 9

CNBC Ford Motor Selling 8M Shares Of Rivian Automotive

Benzinga

Texas Instruments Denies Firing Staff as Shanghai Microcontroller Unit Disbanded

Global semiconductor giant is reassigning staff to other units amid a dwindling market share, chip experts say

Caixin Global

China's Xi tells German Chancellor all efforts must be made to avoid Ukraine conflict from intensifying

China's President Xi Jinping told German Chancellor Olaf Scholz on Monday that all efforts must be made to avoid the Ukraine conflict turning into an "unmanageable situation", Chinese state radio reported.

Reuters

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Editorial: Rule of Law Is Fundamental to Regulating and Guiding Capital Development

The key to maintaining the healthy development of capital is to stabilize expectations. The key to stabilizing expectations is upholding the rule of law

Caixin Global

Exclusive: Former national security leaders urge Congress to ease immigration policy for foreign science talent

It suggests widespread concern about China's rise could bolster bipartisan support for change in one corner of immigration policy.

Axios

Saudi Arabia Cuts Oil Prices to Asia by More than 50%

Saudi Arabia cut oil prices for buyers in Asia as coronavirus lockdowns in China weigh on demand, countering uncertainty around Russia’s supplies as the Ukraine war drags on. Aramco is expected to cut the official selling price (OSP) for flagship Arab Light crude to Asia in June by more than…

Asharq Al-Awsat

Labor signals more aid to south-east Asia and accuses Scott Morrison of ‘bullying behaviour’ towards Pacific

Shadow minister Pat Conroy says the Coalition’s cuts in aid to Indonesia were ‘shortsighted’

The Guardian - AU

Asian Stocks Stumble on Global Anxieties over Inflation

Asian stocks fell Monday as investors remained anxious over inflation and the ongoing impact of China's Covid lockdown policies, despite an initial Wall Street bounce thanks to a solid US jobs report. Global markets have taken a beating over a series of crises including surging inflation, rising interest rates, China's…

Asharq Al-Awsat

Hong Kong leader says China patriots now firmly in charge

Hong Kong leader Carrie Lam says Chinese patriots are now firmly in charge of the city following the election of its new leader, who ran unopposed in a process controlled by Beijing from start to finish

The Independent UK

Stocks, oil and bitcoin hit by recession worries – as it happened

Worries over global growth hit stocks and metals prices, and the pound falls again

The Guardian - UK

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Caixin Global

Shanghai Composite Index Rose 0.09% on Monday

Shenzhen Component Index closed down 0.41%

Evening Standard

FTSE 100 Live: China figures fuel global growth worries, Bitcoin price slides, Rightmove sinks as CEO leaves

Stocks are back under pressure after figures from China’s economy highlighted the impact of ongoing zero-Covid lockdown policies.

Asharq Al-Awsat

Western Multinationals Congratulate Hong Kong's New Leader

Western multinationals and local tycoons published newspaper adverts on Monday congratulating John Lee on becoming Hong Kong's next leader, following a rubber-stamp selection process condemned by critics as anti-democratic. Lee, 64, a former security chief who oversaw the crackdown on Hong Kong's democracy movement, was anointed the business hub's new…

Asharq Al-Awsat

Downtown Beijing Goes Quiet as Zero-Covid Policy Smothers Capital

Millions of people in Beijing stayed home on Monday as China's capital tries to fend off a Covid-19 outbreak with creeping restrictions on movement. Beijing residents fear they may soon find themselves in the grip of the same draconian measures that have trapped most of Shanghai's 25 million people at…

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The Independent UK

China trade weakens after cities shut down to fight virus

China’s export growth tumbled in April after Shanghai and other major industrial cities were shut down to fight virus outbreaks

Reuters

Taiwan says 'very difficult' to get WHO invite, but trying hard

It will be "very difficult" for Taiwan to get an invite to a major World Health Organization meeting this month, but efforts are continuing, Taiwan Foreign Minister Joseph Wu said on Monday.

Al Jazeera

Australia looks to fill Asia’s energy gap amid Ukraine crisis

Australia is seeing increased demand for its liquefied natural gas and coal as war and sanctions upend energy supplies.

AAP

China ambitions in Solomons well known: PM

Scott Morrison says China has made no secret of its intentions in the Solomon Islands, following leaked reports it was seeking to build wharves in the country.

Reuters

'Like a prison': Shanghai, Beijing ratchet up COVID restrictions

China's two largest cities tightened COVID-19 curbs on Monday, fuelling public angst and even questions about the legality of its uncompromising battle with the virus that has battered the world's second largest economy.

Tribune News Service

China premier warns of ‘grave’ jobs situation amid lockdowns

Chinese Premier Li Keqiang warned of a “complicated and grave” employment situation as Beijing and Shanghai tightened curbs on residents in a bid to contain COVID-19 outbreaks in the country’s most important cities.

The Times of India

Covid-19: Videos of people being dragged into isolation censored in China

BEIJING: Videos of people being dragged from their homes by health workers in hazmat suits coursed through Chinese social media late Sunday before being pulled down on some platforms, as Shanghai’s intensive lockdown enters its seventh week.

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