The Latest Breaking News from China

Economic outlook 'tricky' despite strength

Australia's economic recovery has been faster and better than expected, but war in Europe and China's COVID-19 outbreaks are wildcards for the nation's outlook.

AAP · Apr 25, 2022

Labor pledges more foreign aid to Pacific with plan ‘to restore Australia’s place as first partner of choice’

Seven-point plan also includes funding boosts for regional broadcasting and fight against illegal fishing

The Guardian - AU · Apr 25, 2022

Richard Marles’ contentious China trip was praised by Coalition MP

Deputy Labor leader was joined in Beijing in 2019 by Ted O’Brien who wrote a positive testimonial of the study tour

The Guardian - AU · Apr 25, 2022

Lucid Air Reportedly Launching In Europe In June Or July

The electric vehicle startup also has plans to expand into China come 2023, according to the same source.

InsideEVs · Apr 25, 2022

Hollywood Films That Stumbled At US Box Office Are Popular In China

There was good news and bad news for several American films that turned out to be disappointments at the domestic box office. The good news is that these films are finding a new level of popularity in China. The bad news, though, is that they are being released in China…

Benzinga · Apr 25, 2022

Chindata Potentially Up for Sale as M&A Heats Up in China Data Centers

Key Takeaways: Data center operators GDS and EdgeConneX have reportedly expressed interest in making bids for Chindata Chindata’s control by U.S. private equity giant Bain and the recent departure of its founder may make it ripe for such a buyout By Doug Young   

Benzinga · Apr 25, 2022

China's Beijing city to expand mass COVID testing to more districts

Beijing will expand its mass COVID-19 testing campaign to another 10 districts and one economic development area from Tuesday to Saturday, an official for the Chinese capital said late on Monday.

Reuters · Apr 25, 2022

Xi puts ideology before economy with market-busting lockdowns

China’s worst equity selloff since early 2020 reflects a growing concern about President Xi Jinping: He can’t afford the political costs of shifting from a COVID Zero strategy that is pummeling the economy.

Tribune News Service · Apr 25, 2022

Africa faces hard knocks as rich countries take manufacturing back home

The global economic crisis triggered by the outbreak of the COVID pandemic in 2020 and Russia’s invasion of Ukraine in February this year has intensified the risk of declining trade integration between countries. A process referred to as the deglobalisation of trade.

The Conversation · Apr 25, 2022

Tesla China Announces Battery Design Challenge For Highly-Anticipated Cyberquad EV: What You Should Know

Tesla, Inc. (NASDAQ: TSLA) is providing renewable energy and tech enthusiasts in China an opportunity tor design batteries for a vehicle it announced way back in 2019 and is yet to see the light of the day.

Benzinga · Apr 25, 2022