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The Latest Breaking News from China

Tesla hits record $3.3bn profit in first quarter but warns factories will run below capacity in 2022

Analsysts say Tesla demand is overshadowing ‘brutal production issues in China as well as a Rubik’s cube supply chain’

The Independent UK

Hong Kong and China denounce foreign interference after YouTube blocks leadership candidate's channel

Governments in Hong Kong and China on Thursday denounced YouTube's blocking of a campaign account for Hong Kong's sole leadership candidate John Lee because of U.S. sanctions against him, accusing the U.S. of undermining freedom of speech.

Reuters

Dramatic moment girl, 3, is dragged away by wild monkey while playing by herself

Footage shows the girl playing in front of her home in Chongquing, China, on April 19, when a monkey nearly as tall as her suddenly comes from behind

Daily Mirror

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Google, Facebook Restrict Social Media Presence Of Hong Kong's Leadership Candidate

Alphabet Inc’s (NASDAQ:GOOG) (NASDAQ:GOOGL) Google and Meta Platforms Inc (NASDAQ: FB) have restricted the social media presence of former Hong Kong security chief John Lee due to U.S. sanctions, the Financial Times reports. Google-owned video streaming platform YouTube suspended Lee’s campaign channel, while Meta’s Facebook and Instagram banned payment services by the former official despite…

Benzinga

Danaher Clocks Q1 Sales Jump Of 12%, COVID-19-Related Restrictions In China To Impact Q2 Sales

Danaher Corp (NYSE:DHR) logged Q1 FY22 adjusted EPS of $2.76, up 9.5% Y/Y, surpassing the estimate of $2.66. Sales increased 12% to $7.7 billion, with 12% non-GAAP core and 8.0% non-GAAP base business core revenue growth, beating the $7.54 billion estimate. Operating cash flow reached $2 billion. Non-GAAP free cash flow reached…

Benzinga

Tibet builds makeshift Covid hospitals despite one case since pandemic began

The move in Tibet, which has reported one Covid case since 2020, comes as 16 million people remain in lockdown in Shanghai

The Guardian - UK

Australia rejects claim its security forces in Solomon Islands were told not to protect Chinese-built buildings

Former PM alleged Australian personnel twice failed to prevent the burning of Honiara’s Chinatown

The Guardian - AU

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Coalmining regions urged to diversify, with Chinese slowdown in coal consumption 'imminent'

Energy economists are warning coalmining regions to make urgent changes to diversify as China both reduces consumption and opens massive mines of its own.

ABC News

Batteries are the new oil and the U.S. needs to catch up

The federal government is taking steps to build a domestic battery industry to reduce reliance on China.

Axios

Opinion: The Doomsday Scenario of U.S.-China Financial Decoupling

Policy actions that sever linkages will result in great costs to both nations, driving Chinese firms to access global capital via alternative investment channels

Caixin Global

AP News Digest 4:05 a.m.

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.

The Independent UK

Shanghai Composite Index Fell 2.26% on Thursday

Shenzhen Component Index closed down 2.7%

Caixin Global

Report: Chinese credit card processor rebuffs Russian banks

A Russian news outlet says China's credit card processor has refused to work with banks in Russia for fear of being targeted by sanctions over its attack on Ukraine

The Independent UK

Tesla Supplier CATL, Warren Buffett-Backed BYD Dominate EV Battery Market In China

Tesla Inc (NASDAQ: TSLA) and Xpeng Inc (NYSE: XPEV) battery supplier Contemporary Amperex Technology Co, Ltd (CATL) grabbed a market share of 50% in March among electric vehicle battery makers in China, a

Benzinga

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The News Lens

Indonesia Is a Fence Sitter on the Russia–Ukraine Crisis

While Indonesia’s government avoided taking a stand on the war, public opinion tilted in favor of Russia.

The Independent UK

New Zealand's Ardern in Tokyo to meet Kishida, promote trade

New Zealand Prime Minister Jacinda Ardern is in Japan as part of her first trip abroad in more than two years as her government seeks to promote the country’s reopening for business and tourism following a pandemic-related border closure, while Japan wants to focus on mutual security concerns, including China’s…

Al Jazeera

IMF chief warns of global risks from prolonged China slowdown

Kristalina Georgieva says Beijing has room to take measures to support world’s second-biggest economy.

Bangkok Post

Xi defends China’s Covid response amid mounting economic woes

President Xi Jinping defended China’s lockdown-dependent approach to fighting the pandemic, even as he sought to reassure the world that the country was still committed to opening its economy.

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The Independent UK

China's Xi urges dispute resolution, opposes sanctions

Chinese leader Xi Jinping says his government supports talks to resolve international disputes, but opposes the use of sanctions

Newcastle Herald

Industry rebuts Alex Turnbull claims of Chinese hit on Australian coal

Study says China will buy less Australian coal: industry says it already buys none

Asharq Al-Awsat

Shanghai Official Covid Death Toll Rises to 25

Shanghai logged eight official Covid-19 deaths on Thursday, reporting a mounting death toll even as daily cases appear to be tapering off and some residents are finally free to venture outside under an easing lockdown. China's largest city and commercial engine is inching towards reopening after weeks-long restrictions kept most…

ABC News

Solomon Islands MP defends military pact with China by comparing it to secretive Pine Gap facility in NT

Former Solomon Islands prime minister Danny Philip staunchly defends his country's secret pact with Beijing, saying the government does not need to seek public approval, because of "national security".

The Times of India

Covid-19: Elderly Shanghai woman's quarantine ordeal sparks outrage

SHANGHAI: The treatment of a 92-year-old Shanghai woman who was sent to quarantine late at night has caused anger in China, underscoring the frustration that many are feeling under the nation’s strict Covid Zero rules.

The Independent UK

Surprisingly low Shanghai COVID death count spurs questions

In a city of 25 million people with hundreds of thousands of COVID-19 cases, Chinese health authorities have reported only 25 coronavirus deaths

The Guardian - AU

Jacinda Ardern questions motive for China-Solomons security pact

New Zealand PM flags Beijing’s ‘growing assertiveness’ in region, while ‘Pacific stuff-up’ haunts Australia’s governing Coalition going into election

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