The Latest Breaking News from China

UN Drops Forecast for Global Economic Growth in 2022 to 3.1%

The United Nations on Wednesday significantly lowered its forecast for global economic growth this year from 4% to 3.1%, saying the war in Ukraine has triggered increasing global food and commodity prices and exacerbated inflationary pressures, upending the fragile recovery from the COVID-19 pandemic. The mid-2022 forecast from the UN…

Asharq Al-Awsat · May 18, 2022

Shrinking Tencent Music Looks for Sustainable Business Model

Key Takeaways: Tencent Music’s revenue and profit fell 15% and 34%, respectively, in the first quarter, after the company was ordered to stop its anti-competitive practices last year

Benzinga · May 18, 2022

Why Laguna Woods? Mysteries still loom in Taiwanese church shooting

LOS ANGELES — While the suspect in the Laguna Woods church shooting has been charged with multiple felony counts, some key mysteries remain about the attack on a Taiwanese church that left one dead and five wounded.

Los Angeles Times · May 18, 2022

China blasts US, Japan rhetoric ahead of Quad summit

Chinese Foreign Minister Wang Yi has criticized what he called negative moves by Washington and Tokyo against Beijing ahead of a meeting in Tokyo next week of the leaders of the U.S., Japan, Australia and India

The Independent UK · May 18, 2022

China Loosens Covid Testing Rules for Travelers From U.S.

Passengers only need to take nucleic acid tests closer to departure date, no longer require antibody test results

Caixin Global · May 18, 2022

China In Talks With EV Manufacturers To Extend EV Subsidies Beyond 2022: Report

Chinese electric vehicle manufacturers that bore the brunt of the domestic COVID-19 lockdowns could be in for a reprieve. What Happened: With the looming expiration of EV subsidies, China's policymakers have initiated discussions with domestic manufacturers regarding the extension of the program, Reuters reported, citing people familiar with the matter.

Benzinga · May 18, 2022

Jaishankar to attend BRICS Foreign Ministers’ meet on May 19

This is the first meeting of BRICS Foreign Ministers since Russia’s invasion of Ukraine

The Hindu · May 18, 2022

Report: China Considers Extension Of EV Subsidies Beyond 2022

China is the world's largest and also one of the fastest-growing plug-in car markets, which in substantial part was possible through subsidies and tax breaks.

InsideEVs · May 18, 2022

China: Wuling Hong Guang MINI EV Notes Its First Sales Drop

According to the China Passenger Car Association (CPCA)'s data, in April, some 24,908 Wuling Hong Guang MINI EVs were sold, which is 6% less than a year ago.

InsideEVs · May 18, 2022

Charges filed over money sent to North Korean IT developer

YOKOHAMA -- The Kanagawa prefectural police sent papers to prosecutors Wednesday on a Japan-based South Korean man and a woman with Korean heritage for allegedly transferring money to a China-based North Korean software developer illegally.

The Japan News/Yomiuri · May 18, 2022