The Latest Breaking News from China

Facing Double Whammy in India, Will Xiaomi Look Home for Comfort?

Key Takeaways: Xiaomi has been accused of tax evasion in India, though the company claims its activities complied with local laws Ban of company’s local apps is dealing a second blow to Xiaomi in India, leading some to predict it could switch its focus back to its home Chinese market

Benzinga · May 12, 2022

Texhong Eyes Vietnam in World of Diversifying Supply Chains

Key Takeaways: Texhong is preparing to launch a major facility in Vietnam that will sharply boost its fabric production to complement its larger cotton yarn business Company now manufactures nearly 40% of its output in the Southeast Asian nation and is one of the biggest U.S. cotton buyers in the…

Benzinga · May 12, 2022

Business owners waited years for COVID-19 loans—and now it’s too late

Jaja Chen and her husband Devin Li were elated when they signed a lease for their new bubble tea shop, Cha Community. Both Asian-American immigrants (her from Taiwan, him from China), they said it was a struggle to find authentic Asian food in their new home of Waco, Texas. So…

Tribune News Service · May 12, 2022

Read How Himax Technologies Fared In Q1

Himax Technologies, Inc (NASDAQ:HIMX) reported first-quarter FY22 revenue growth of 33.6% year-on-year to $412.8 million. Net revenues declined 8.6% sequentially. Revenue from large display drivers grew 60% Y/Y to $110.6 million. Monitor and notebook IC sales decreased sequentially on the backdrop of slowing end market sell-through. TV revenue was flat sequentially, anchored by…

Benzinga · May 12, 2022

Alibaba And Other Chinese Stock Investors Remain Cautious Over China's Political Body Forum With Leading Firms

China’s top political advisory body looks to host a forum next week with some of the nation’s largest private-sector firms, including Baidu, Inc (NASDAQ:BIDU), Bloomberg reports. While the conference focused on developing China’s digital economy, investors will likely watch for a possible wind-down of its year-long crackdown on the tech sector after a…

Benzinga · May 12, 2022

China set to launch new high-tech aircraft supercarrier as big as nine blue whales

Weighing in at 90,000 tonnes and longer than nine blue whales end to end, the beast is the said to be the most technically advanced China has ever seen

Daily Mirror · May 12, 2022

Hong Kong police file complaints to lawyer groups over national security case

Hong Kong police said on Thursday they had filed complaints to the city's main professional legal bodies over a national security case involving a fund that had assisted pro-democracy protesters to pay for legal services.

Reuters · May 12, 2022

Elon Musk praises Chinese workers for ‘burning the 3am oil’ – here’s what that really looks like

Tesla’s massive Shanghai ‘Giga-factory’ pushes its workers to the limit to meet production targets amid an ongoing pandemic lockdown

The Guardian - US · May 12, 2022

COVID crisis could deepen N.Korea food shortages amid drought warnings

North Korea's coronavirus outbreak threatens to deepen its already dire food situation this year, as a nationwide lockdown would hamper ongoing anti-drought efforts and the mobilisation of labour, analysts said.

Reuters · May 12, 2022

China accuses US of ‘political manipulation’ for changing wording about Taiwan on website

The State Department denies Beijing’s accusations and says the US’s underlying policy with Taiwan has not changed

The Independent UK · May 12, 2022