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The Latest Breaking News from China

China Lockdowns Pose Earnings Risk For Major Industrial Stocks and Autos like Tesla

Industrial firms warned against China's strict COVID-19 curbs, intensifying supply chain disruptions and rising uncertainty about the business outlook, Reuters reports. Even as companies shuffled to keep up with soaring costs of everything from labor to raw materials, the Russian invasion of Ukraine and related Western sanctions drove up energy prices.…

Benzinga

Wall Street Banks Slash Chinese Companies' Profit Forecasts - Read Why

Some Wall Street banks slashed their profit estimates for Chinese companies, citing the recent Covid resurgence and subsequent lockdowns, Bloomberg reports. China's Covid Zero policy has dealt a heavy blow to the economy, as stringent restrictions pressure supply chains and chill consumption. A week-long lockdown that shut down much of Shanghai…

Benzinga

Oil Prices Stable Amid Balancing Act Of Russia Supply Fears and Asian Demand Concerns On COVID-19 Restrictions

On Wednesday, oil was steady after Russia cut gas supplies to Bulgaria and Poland. However, lingering concerns about Asian COVID-19 related lockdowns (especially in China) weigh on economic growth, and oil demand constrains the prices, writes Reuters. Brent crude futures rose $0.26, or 0.30%, to $105.25 a barrel by 0823 GMT. U.S.…

Benzinga

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Opinion: How to Fine Tune China’s Version of the Individual Retirement Account

The proposed private pension system should encourage more people to participate and be connected with employer-sponsored plans

Caixin Global

The World Is Back on a War Footing and We'll All Pay the Price

Mourn the end of a too-brief interlude of relative peace and prosperity.

Reason

China's Hainan free-trade port tipped to deepen Asean ties

HONG KONG: Hainan's transformation into a free-trade port will open new doors for trade between China and the Association of Southeast Asian Nations (Asean), but its success will require a leap of faith and pioneering spirit, experts said.

Bangkok Post

STMicroelectronics Clocks 18% Revenue Growth In Q1 Backed By Robust Demand For Microcontrollers

STMicroelectronics N.V. (NYSE:STM) reported first-quarter FY22 revenue growth of 17.6% year-on-year to $3.55 billion, beating the consensus of $3.49 billion. This revenue performance, driven by solid demand for microcontrollers, was partially offset by temporarily reduced operations at its Shenzhen, China, manufacturing facility due to the pandemic. Sales to OEMs increased by 14.4% Y/Y,…

Benzinga

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Shehbaz Sharif says will devise plan for security of Chinese and other foreigners working in Pakistan

ISLAMABAD: In the wake of the suicide attack on Chinese nationals in Karachi, prime minister Shehbaz Sharif has said that he will hold a meeting to devise plan for security of people from China and other foreigners working in Pakistan.

The Times of India

China's Beijing finds positive samples in COVID testing this week

China's capital of Beijing has detected some positive COVID-19 cases in the first round of mass testing conducted in a dozen districts this week, a municipal official said on Wednesday.

Reuters

China’s Capital in Race to Detect COVID Cases, Avoid Shanghai’s Distress

Millions of people in Beijing took their second COVID-19 tests of the week on Wednesday as the Chinese capital tried to keep an outbreak numbering in the dozens from spiraling into a crisis like the one the locked-down city of Shanghai is enduring. Evidence that Shanghai's month-long isolation has become…

Asharq Al-Awsat

Beijing braces for COVID lockdown with mass testing and panic buying

One woman bought enough food for three months.

Axios

Australian minister accuses China of election interference

A senior Australian minister is suggesting that China deliberately announced its security pact with the Solomon Islands during an election campaign to undermine her government’s chances of reelection

The Independent UK

Bird flu: China records first case of human infection with strain in four-year-old boy

A four-year-old boy from central Henan province was found to have been infected with the variant after developing a fever and other symptoms following contact with chickens and crows at home

Daily Mirror

Woman graduate student behind suicide attack at Pakistani university

A woman suicide bomber who killed three Chinese teachers in Pakistan was a teacher who had enrolled for a master's degree months before her attack, carried out on behalf of separatist insurgents, a Pakistani official said on Wednesday.

Reuters

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Caixin Global

Shanghai Composite Index Rose 2.49% on Wednesday

Shenzhen Component Index closed up 4.37%

Al Jazeera

China angered as US sends destroyer through Taiwan Strait

USS Sampson conducted a monthly patrol of the strait, which the US regards as international waters.

Reuters

Philippines pulls Hollywood action flick from cinemas over South China Sea map

The Philippines has pulled the plug on all domestic screenings of a Hollywood film called "Uncharted", over a scene showing a disputed map of the South China Sea, the foreign ministry said on Wednesday.

The Independent UK

China says US hyped sailing of Navy warship in Taiwan Strait

China has protested against the sailing of a U.S. Navy guided-missile destroyer through the Taiwan Strait, accusing the American side of hyping the maneuver

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Caixin Global

Wuxi Allows Families With Two or More Kids to Buy a Second Home

Municipal health commission cites goal of promoting natural population growth by setting favorable conditions for larger families

Reuters

Taiwan says Ukraine conflict will inform this year's military drills

Taiwan's main military drills this year will draw on the experiences of the war in Ukraine, focusing on asymmetric and cognitive warfare as well as use of reserves as it practices fighting off a Chinese attack, a top officer said on Wednesday.

Reuters

Australia worried China will bring Hong Kong police techniques to Solomons

Australia's spy chief says Canberra is concerned Chinese police deployed to the Solomon Islands under a new security pact could use "ruthless" techniques previously used to quell anti-government protests in Hong Kong.

Bangkok Post

Japan opens biggest e-sports park to level up competitive gaming

Japan's largest e-sports park opened last week, with proponents hoping it will help transform the country behind video game classics such as Super Mario and Zelda into a champion that can take on China in competitive gaming.

AAP

Minister flags China poll 'interference'

The government is accused of stooping to new lows after a minister suggested China announced the Solomon Islands security deal specifically during the election.

Reuters

China's DJI halts Russia, Ukraine sales to prevent use of its drones in combat

Drone giant DJI Technology Co said it will temporarily suspend business in Russia and Ukraine to ensure its products are not used in combat, making it the first major Chinese firm to cite the conflict in halting sales in Russia.

The Conversation

Restricting calories leads to weight loss, not necessarily the window of time you eat them in

Results of a new weight loss study were published this week, leading to headlines proclaiming intermittent fasting “isn’t a magic diet trick after all”.

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