The Latest Breaking News from China

Trump inquired if China could make hurricanes to harm US, ex-officials say

Former president also wanted to know if it would constitute an act of war and if hurricanes could be nuked to stop them

The Guardian - US · May 10, 2022

New Philippine President Marcos Is No Duterte on Foreign Policy

Monday’s victor intends to defend sovereignty against China and prioritize the U.S. alliance.

Foreign Policy · May 10, 2022

China’s zero-Covid policy is not sustainable, WHO director general says

Dr Tedros Adhanom Ghebreyesus calls for shift in approach as scores of Chinese cities remain in strictly enforced lockdown

The Guardian - UK · May 10, 2022

Ferragamo Aims to Double Sales Mid-Term but Warns of China Hit

Revenues at Italian luxury group Salvatore Ferragamo beat market forecasts in the first quarter despite a decline in retail sales in China because of new COVID-19 restrictions, and the group said it expected to double sales in the medium term. The leather goods maker, famous for making shoes for Hollywood…

Asharq Al-Awsat · May 10, 2022

Xpel Q1 Earnings Exceed Estimates Amid New Car Inventory Constraints

Xpel Inc (NASDAQ:XPEL) reported first-quarter FY22 sales growth of 38.6% year-on-year to $71.86 million, beating the consensus of $68.86 million. Product revenue rose 29.3% Y/Y, and Services revenue increased 98.5%. The gross margin for the quarter expanded 330 basis points to 38.6%. The operating margin was 14%, and operating income for the quarter…

Benzinga · May 10, 2022

China wants to take Taiwan peacefully but is preparing militarily -U.S. intelligence officials

China would prefer to take over neighboring Taiwan without military action but is working to get to a position where its military could prevail even if the United States intervenes, U.S. intelligence chiefs said on Tuesday.

Reuters · May 10, 2022

Here's How Alibaba, JD Are Proving Handy Amid China Lockdown

Alibaba Group Holding Limited (NYSE: BABA), JD.com, Inc (NASDAQ: JD), and Meituan (OTC: MPNGY) have built effic

Benzinga · May 10, 2022

WHO says China’s zero-COVID strategy unsustainable

UN health agency officials say that any measure to tackle a coronavirus outbreak should show respect for human rights.

Al Jazeera · May 10, 2022

Stodgy Tax Services IPO Looks Like What U.S. Investors Want from China Now

Key Takeaways: Lichen China has filed for an IPO to raise about $25 million, positioning itself as a potential consolidator in China’s vast, but highly fragmented, tax services market Company points out it should be able to avoid many of the recent controversies now dogging U.S.-listed Chinese stocks  By Doug…

Benzinga · May 10, 2022

UN rights boss to arrive in China for historic visit by month-end

(Corrects to add dropped letter in spokesperson's name)

Reuters · May 10, 2022