The Latest Breaking News from China

'Nobody will fly': India's plane versus train battle gets a twist

India's Railway Minister said upcoming bullet trains will dominate short-haul routes like Mumbai-Pune and Bengaluru-Chennai, mirroring global trends. This strategic shift prioritises high-speed rail for premium intercity travel, potentially reshaping India's transport landscape and economic integration by compressing travel times and fostering regional growth.

The Economic Times · May 12

Oil market enters tight supply phase after years of underinvestment: Nikhil Bhandari

Global energy markets are entering a structurally tighter phase due to years of underinvestment in crude oil and refining. While renewables are growing, grid constraints persist, and downstream product shortages are emerging, signaling a multi-year squeeze across the energy sector.

The Economic Times · May 12

US mayor accused of acting as an illegal agent for China resigns

IN FULL

The Independent UK · May 12

Was Eileen Wang's Fiancé Mike Sun a Convicted Chinese Agent? What the Federal Case Says

Eileen Wang's political career in Arcadia, California, is marred by allegations of acting as an undisclosed agent for China, with ties to Mike Sun and a controversial media platform.

International Business Times UK · May 12

Southern California mayor to plead guilty to acting as illegal agent for China

Eileen Wang, the mayor of Arcadia, has agreed to plead guilty and has resigned from her city position

The Independent UK · May 12

Trump heads to China to spread the gospel of American tech while emulating Xi Jinping on AI

Tim Cook and Elon Musk, among other tech CEOS, will accompany the US president on a trip to China

The Guardian - US · May 12

Fifa’s failure to agree World Cup TV deals in China and India a headache for Infantino

With the tournament a month away, there are still no agreements done with the two Asian giants to ensure fans there can watch all 104 games

The Guardian - UK · May 12

Who is Eileen Wang? Arcadia Mayor Resigns After Admitting to Being a 'Secret' China Agent

Arcadia Mayor Eileen Wang pleads guilty to being an unregistered agent for China, marking a significant breach of US political integrity and raising concerns about foreign influence in local government.

International Business Times UK · May 12

AI optimism keeping global markets resilient despite West Asia tensions: William Lee

Global markets remain strong, prioritizing AI and technology over West Asian conflicts. Investors believe the war will be short, allowing focus on future tech growth. The US and Europe are seen benefiting from the AI revolution. A key focus is the upcoming Trump-Xi meeting, which could define US-China tech rivalry.

The Economic Times · May 12

China green tech firms target new consumers hit by Iran war energy shock

Companies like Jinko Solar, Chery Automobile, and BYD are seeing surging demand for EVs, batteries, and solar panels in markets seeking alternatives to costly fuel imports.

The Economic Times · May 12