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The Latest Breaking News from China

Morrison and Albanese clash on Solomon Islands-China pact in first leaders’ debate of federal election

Scott Morrison accuses Anthony Albanese of siding with China as Labor leader wins support of 40% of undecided voter forum over PM’s 35%

The Guardian - AU

In Shanghai lockdown, Carrefour staff sleeps at store to keep residents supplied

To prepare the 3,000-plus orders of vegetables, meat and essentials her Carrefour supermarket sends out every day to locked-in Shanghai residents, manager Zhang Wei wakes at 5 a.m. after a night in a sleeping bag on her office floor.

Reuters

One month on, cause of China Eastern crash still a mystery

One month after a China Eastern passenger jet crashed mid-flight, killing all 132 people on board, investigators say they have not determined a cause

The Independent UK

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YouTube blocks account of Hong Kong's sole leadership candidate

YouTube blocked the account of Hong Kong's sole leadership candidate John Lee on Wednesday as part of U.S. sanctions against the city's former No. 2 official who said the move will not affect his bid to lead the financial hub for the next five years.

Reuters

JPMorgan's Chinese Tech Sector Downgrade Proved Costly for Them - Read How

JPMorgan Chase & Co (NYSE:JPM) lost its position as the most senior underwriter for Kingsoft Cloud Holdings Ltd's (NASDAQ:KC) Hong Kong stock offering, Bloomberg reports. The size of the offering in Hong Kong is relatively small, amounting to ~$100 million. The change came after one of JPMorgan's analysts cut the share-price target for the…

Benzinga

Ping An Unit Looks to Beef Up Private Pension Business With Fresh Funds, Sources Say

Ping An Annuity Insurance is seeking $1.6 billion from its parent, as it aims to further develop a business central to China’s plans to change how people save for retirement

Caixin Global

China’s Covid Controls Take a Heavy Toll on Highway Traffic

Volume of vehicles of the nation’s expressways plunges 40%, including a 65% drop in the Yangtze River Delta region around Shanghai

Caixin Global

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Solomon Islands leader defends new security pact with China

The Solomon Islands prime minister has confirmed that his government has signed a new security agreement with China, but told lawmakers it would not undermine the peace and harmony of the region, as has been feared by the opposition and countries including the United States and Australia

The Independent UK

Taiwan news channel accidentally airs false report of Chinese invasion

CTS apologises for panic caused by broadcast of mocked-up captions it says it created for security drills

The Guardian - UK

Solomon Islands’ security pact with China raises the question – is Australia the partner for the Pacific it thinks it is?

There may not be a direct link between climate policy and the agreement, but it has contributed to the dimming of Australia’s reputation in region

The Guardian - AU

Damaged black boxes in China jet crash leave few clues into cause

China said on Wednesday the black boxes of a Boeing 737-800 jet that crashed last month were badly damaged, leaving virtually no publicly available clues to explain its violent plunge into a wooded hillside, killing all 132 people on board.

Reuters

Hong Kong activist jailed for 40 months in sedition trial

Activist Tam Tak-chi was a defendant in the city’s first sedition trial since it was handed back to China in 1997.

Al Jazeera

Shanghai Coronavirus Lockdown: What's happening and why COVID-19 cases are still surging in China, even after 'Zero COVID policy'

China is currently grappling with its worst COVID-19 outbreak since Wuhan. One of its biggest cities Shanghai, a metropolis of about 25 million people, is working towards curbing the spread of the virus and in a bid to do so, the government has confined people to their homes, imposed strict…

The Times of India

CATL Opens Its First Battery Swapping Stations In China

The service is compatible with EVs featuring CATL's Choco-SEB battery modules; each one holds 26.5 kWh of energy and costs $62 a month to rent.

InsideEVs

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Caixin Global

The U.S. Isn't Going to Slacken Scrutiny After Ending the ‘China Initiative’

While the controversial China Initiative targeted mainly academics and researchers of Chinese descent for alleged espionage, the nascent Nation-State Threat Strategy significantly expands its enforcement scope to broader economic and ideological interests

Benzinga

Tesla's 'Brutal' China Disruptions Main Worry For Investors Ahead Of Q1 Earnings, Says Analyst

Tesla Inc (NASDAQ: TSLA) investors would be focused on what the “brutal” three weeks of production halts in China mean for the rest of the year, according to Wedbush Securities, as the electric vehicle firm reports first-quarter earnings after the bell on Wednesd

Asharq Al-Awsat

Ukraine Set to Dominate G20 Finance Chiefs Summit

Finance officials from the world's richest countries will meet on Wednesday to address global challenges like rising debt and a possible food crisis -- if they can overcome boiling tensions over Russia's invasion of Ukraine. Moscow's attack on its neighbor is set to dominate the meeting of G20 finance ministers…

Caixin Global

Shanghai Composite Index Fell 1.35% on Wednesday

Shenzhen Component Index closed down 2.07%

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Asharq Al-Awsat

Shanghai Covid Death Toll Rises to 17

China reported seven Covid-19 deaths in Shanghai on Wednesday, raising the toll in the city to 17 fatalities as authorities struggled to rein in infections despite a grueling, weeks-long lockdown. The fast-spreading Omicron coronavirus variant has driven a huge spike in cases in the metropolis of 25 million people, and…

Evening Standard

Shanghai allows 4million more out of homes as lockdown rules ease in China’s biggest city

Four million more people in Shanghai have been allowed to leave their homes as Covid restrictions ease, a health official has said.

The Guardian - AU

Scott Morrison fends off claim Solomon Islands-China pact is worst foreign policy failure since 1945

Prime minister defends Canberra’s ‘calibrated’ approach to Honiara and tries to turn criticism back on Labor

The Guardian - AU

The deal that shocked the world: inside the China-Solomons security pact

A secret agreement that expands Chinese influence over Solomon Islands has now been signed. How did it come about, and what does it mean for the region?

Reuters

Hong Kong's elite join leadership candidate's campaign as Beijing watches

Hong Kong's sole leadership candidate John Lee has picked nearly 150 heavyweights, including the city's richest man Li Ka-shing and other powerful businessmen and politicians, to join his advisory teams to show broad support for his bid.

Al Jazeera

China signals caution on inflation despite COVID, Ukraine woes

The People’s Bank of China keeps one-year loan prime rate at 3.7 percent and the five-year rate at 4.6 percent.

Al Jazeera

Why is the Solomon Islands-China security pact causing alarm?

The Solomon Islands prime minister has been defending the just-signed pact amid concern from Canberra to Washington.

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