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The Latest Breaking News from China

Australian firms 'upbeat' China can navigate trade war

Australian firms are bullish about their opportunities in China despite global trade ructions casting doubt over economic growth, the Reserve Bank deputy says.

AAP

Mystery white plume streaks US sky after China dumps rocket fuel

Astronomers say new methane-powered Chinese rocket likely behind giant white streak

The Independent UK

US tariff hikes, Myanmar war and sea disputes will top ASEAN summit agenda

The civil war in Myanmar, maritime disputes in the South China Sea and U.S. tariff hikes will top the agenda of a two-day Southeast Asian summit next week

The Independent UK

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Which countries trade the most with Israel and what do they buy and sell?

Israel’s global trade in 2024 consisted of $91.5bn in imports and $61.7bn in exports.

Al Jazeera

Jensen Huang blasts U.S. curbs on the sale of Nvidia chips to China: ‘Export control was a failure’

Since the start of the Biden administration, Nvidia’s market share in China has plummeted from 95% to 50%.

Fortune

Tourists flee as 600-year-old Ming Dynasty tower roof collapses in China

The roof of a Ming Dynasty tower dating back more than 600 years collapsed in a huge pile of rubble in China's Fengyang county on Monday (19 May).

The Independent UK

In Taiwan and China, young people turn to AI chatbots for ‘cheaper, easier’ therapy

Experts say there is huge potential for AI in the mental health sector, but there are risks of turning to technology, rather than human beings when in distress

The Guardian - AU

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3 Value Stocks Poised to Grow Dividends and Buybacks Now

As the U.S. and China agree to a 90-day tariff suspension, three value stocks stand out for their potential to compound returns through share buybacks and dividend growth.

Barchart

As U.S. abandons the world, China seizes global leadership with staggering $500 million WHO pledge

China is filling the hole the US left.

We Got This Covered

Taiwan says China using cash to bring poor nations on side regarding island's status

Chinese economic pressure has reduced the number of Taiwan's formal diplomatic allies to just 12, mainly small island nations in the South Pacific and Caribbean.

Euronews

New species of space-adapted bacteria discovered on China's Tiangong space station

A newly discovered bacterial species aboard China's Tiangong space station may offer insights into how life can survive and potentially thrive in space.

Space

Target cuts annual forecast as tariffs, boycotts weigh on sales

Unlike Walmart, Target is more heavily reliant on China for goods, and tariffs on its goods are driving earnings down.

Al Jazeera

Is Alibaba Stock Still a Buy After Earnings Miss and Apple Partnership Concerns?

Alibaba stock has come off its highs after the company missed its fiscal Q4 earnings by a big margin. BABA’s outlook, however, looks positive despite recent negative news flows.

Barchart

Giant 'white streak' appears over multiple US states as Chinese rocket dumps experimental fuel in space

A recent launch of China's Zhuque-2E rocket triggered a giant white streak of light to appear above at least seven U.S. states after deploying six satellites into low-Earth orbit. The light show, which was visible in at least seven states, was the result of a "fuel dump," experts say.

LiveScience

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Space

Watch tile-shedding private Chinese rocket launch 6 satellites to orbit (video)

Chinese company LandSpace sent six satellites into orbit on Saturday (May 17) aboard its methane-powered, tile-shedding Zhugque-2E rocket.

Tom’s Hardware

Nvidia CEO Jensen Huang says U.S. ban on AI chip exports "a failure," says spread of U.S. chips vital to competitive advantage

Washington, D.C.'s ban on AI chip exports is having the opposite effect, pushing China to further develop its homegrown AI chip tech.

The Independent UK

Global clean energy goals at risk as China tightens grip on key minerals, IEA warns

Asian giant controls over half of world's refining capacity for lithium, cobalt and rare earths

Fortune

The U.S. is targeting Huawei’s AI chips, and China says that could undermine an uneasy truce in the trade war

Washington warned that using Huawei's chips could violate export controls. Beijing thinks that undermines "consensus" from the Geneva trade talks.

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The Guardian - US

Farmers fear Trump trade winds could damage crops: ‘It’s unnerving’

Economists estimate grain farmers could lose money as total production costs remain above current prices

TechRadar

Jensen Huang celebrates lift on some GPU export bans, labels them a "failure"

After anticipating $5.5 billion in costs and $15 billion in lost revenue, Nvidia hopes to return to the Chinese market, worth $50 billion.

Evening Standard

Trump unveils plans for $175 billion ‘Golden Dome’ missile defence system

The US President expects the programme will be ‘fully operational’ by 2029 to counter threats from Russia and China

Barchart

Stocks Slip Before the Open as Bond Yields Climb on U.S. Debt Fears, More Retail Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are down -0.70%, and June Nasdaq 100 E-Mini futures (NQM25) are down -0.67% this morning as Treasury yields continue to rise on worries about U.S. government debt while U.S. President Donald Trump pushes to advance his tax bill.

The Independent UK

Report: World's supply of critical minerals for clean energy is concentrated in fewer countries

The world’s supplies of critical minerals are increasingly concentrated in just a few countries - most notably China - and subject to export restrictions that could painfully crimp industry and the shifter to greener ways of making things based on electricity instead of fossil fuels

International Business Times UK

Toyota Comes Up With A 'Tesla Killer' - New Crossover bZ5 To Rival Model Y At Half The Price

Toyota's new bZ5 crossover rivals the Tesla Model Y with double the range and half the price. Is this the Tesla killer we've been waiting for?

International Business Times UK

How Is Labubu Outsmarting Trump's Tariff Mandate? Get To Know The Little Gremlin Toy Defying The Trade Wars

This quirky Chinese doll is laughing off Trump's trade war, charming Gen Z and dodging tariffs with global appeal. Discover how Labubu's staying tariff-proof!

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