The Latest Breaking News from China

China’s economic activity collapses under Xi’s COVID Zero policy

China’s economy is paying the price for the nation’s COVID Zero policy, with industrial output and consumer spending sliding to the worst levels since the pandemic began and analysts warning of no quick recovery.

Tribune News Service · May 16, 2022

Tesla Recalls China Made Vehicles Again

China's market regulatory agency disclosed that Tesla, Inc (NASDAQ:TSLA) recalled 107,293 China-made Model 3 and Model Y vehicles, Reuters reports. The recall was due to overheating that may cause the center touchscreen display to malfunction, among other issues. Also Read: Tesla Recalled Model 3 Cars In China In April Again - Read Why The…

Benzinga · May 16, 2022

EU growth forecast cut as war in Ukraine fuels inflation

European Commission downgrades growth prospects from 4% to 2.7%, while economy slows rapidly in China

The Guardian - UK · May 16, 2022

China’s Shanghai aims to end COVID lockdown by June 1

Shanghai to phase out strict lockdown measures that have kept 26 million people at home for more than six weeks.

Al Jazeera · May 16, 2022

What a Marcos Jr Presidency in the Philippines Means for Geopolitics

The Philippines might be Asia’s oldest democracy, but the continued appetite for strongman rule demonstrates a deep ambivalence about liberal democracy’s promises of political equality and rule of law and the likely continuation of the public’s acceptance of the autocratic practices that characterized Duterte’s presidency.

The News Lens · May 16, 2022

Apocalyptic Blood-Red Sky Perplexes Locals In Eastern China

The eerie sight transformed a typical night sky into something akin to a sci-fi movie — but with a harmless explanation. 

Zenger · May 16, 2022

Shanghai Composite Index Fell 0.34% on Monday

Shenzhen Component Index closed down 0.6%

Caixin Global · May 16, 2022

Europe’s growth forecast cut as Ukraine war drives up inflation; diesel price hits record – as it happened

Rolling coverage of the latest economic and financial news

The Guardian - UK · May 16, 2022

FTSE 100 Live: China reveals Covid hit to economy, Vodafone shares surge

The economic impact of China’s zero-Covid policy has been revealed after the country’s industrial output and consumer spending figures hit their worst levels since the pandemic began.

Evening Standard · May 16, 2022

Thousands of thoroughbred horses killed to eat in Ireland as 'sickening' figures slammed

Consumption of horse meat has been growing globally since the 1990s. It is considered a delicacy in parts of France Italy, Holland, Switzerland and Belgium and commonly served in China, Russia, Central Asia, Mexico, Argentina and Japan.

Irish Mirror · May 16, 2022