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The Latest Breaking News from China

The Hyundai Elexio Proves SUV Madness Isn't Stopping

We’ve honestly lost count of how many crossovers Hyundai has launched in recent years. Alas, get ready for another one, fully electric but skipping the usual Ioniq branding. Instead, the new EV bears the Elexio moniker and was developed in China for the local market. The newcomer is a product…

Motor1

How the world responded to India’s strikes on Pakistan: ‘Hope it ends very quickly’

Allies of both countries call for restraint and diplomacy

The Independent UK

Stock Index Futures Climb on U.S.-China Trade Talk Optimism, Fed Rate Decision in Focus

June S&P 500 E-Mini futures (ESM25) are up +0.58%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.64% this morning as optimism around U.S.-China trade talks boosted sentiment.

Barchart

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Nvidia’s CEO Jensen Huang warns of a 'tremendous loss' if U.S. firms lose access to China’s $50 billion AI market

“China is a very large market. It’s probably going to be a $50 billion market in the next couple or three years," Huang predicted in a TV interview.

Fortune

China to cut interest rates in response to trade war with US

Half-point cut to be made to banks’ reserve requirement ratio and 1tn yuan released into banking system

The Guardian - UK

As the last tariff-free freighters pull into LA, China trade talks will begin on Friday

Also: U.S. exports to China fall 40%, Democrats want to ban the president from owning crypto.

Fortune

US and China to hold trade talks in Switzerland

It will be the first in-person discussions between American and Chinese senior officials since US President Donald Trump escalated the tariff war between the two countries.

Euronews

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China launches measures to boost economy while planning US trade talks

At the moment, US tariffs against China are up to 145%, whereas China has imposed levies of up to 125% on imports from the US.

Euronews

The Volvo XC70 Returns As A Long-Range Plug-In Hybrid

When we were in China a few weeks ago, we noticed a strong trend of manufacturers putting big batteries in plug-in hybrids, giving them more than enough range for daily electric-only use. Volvo, which is owned by Chinese car conglomerate Geely, is following that trend with the all-new XC70. It's…

InsideEVs

U.S. and Chinese officials are finally set to meet for trade talks, a month after Trump hiked tariffs to a sky-high 145%

The scheduled meeting in Switzerland would be the first time U.S. and Chinese trade officials meet since Trump imposed tariffs on China in February.

Fortune

A Russian missile and drone attack kills 2 people in Ukraine's capital

Ukrainian officials say two people have been killed and eight others wounded in a Russian missile-and-drones attack on Kyiv

The Independent UK

US, China to hold talks in Switzerland amid Trump’s trade war

US Treasury Secretary Scott Bessent says Washington does not wish to decouple from China but wants ‘fair trade’.

Al Jazeera

Asian Stocks Rise As China-US Trade Talks Boost Optimism

Asian equities rose Wednesday after China and the United States said they would hold trade talks at the weekend, fanning optimism that the superpowers can row back eye-watering tariffs that have heightened recession fears.

International Business Times

China's Xi Heads To Moscow To Beef Up 'No Limits' Putin Partnership

Moscow and Beijing declared a "no limits partnership" weeks before Putin ordered Russia's Ukraine offensive in February 2022. The expanded military and trade ties since have troubled the West.

International Business Times

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The Independent UK

Asian shares get a lift from plans for China-US trade talks, Beijing stimulus moves

Shares have advanced in Asia after the U.S. and China said they are planning trade talks in Switzerland later this week

The Guardian - UK

Decline across UK and eurozone construction slows; European markets fall ahead of Fed rate decision – as it happened

People’s Bank of China cuts interest rates due to global uncertainty and ‘trade tensions’

Motor1

The Volvo XC70 Is Coming Back

It’s been almost a decade since Volvo discontinued the XC70 to make way for the V60 Cross Country. The nameplate is making a surprising return, though unfortunately, not as a new wagon. Instead, the Geely-owned brand is launching its umpteenth SUV in China later this year, potentially reaching other markets…

The Guardian - UK

Abandoned infrastructure one of the biggest polluters in the world – report

Emissions from abandoned coalmines, oil and gas wells globally are larger than any single country except China, the US and Russia

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International Business Times

China's Xi Aims To Beef Up 'No Limits' Putin Partnership

Chinese President Xi Jinping headed to Moscow on Wednesday for a key three-day visit including a grand Victory Day parade and a show of support for Vladimir Putin.

The Guardian - AU

China chides US over ‘serious negative impact’ of Trump tariffs as trade talks set to begin

China’s vice-premier He Lifeng will meet US treasury secretary Scott Bessent in Switzerland between 9 and 12 May

The Guardian - UK

‘Conversation on future of aid long overdue’: UK looks to lead response to swingeing US cuts

Huge cuts by Trump administration to international aid budgets has left a vacuum and Britain is looking to lead efforts to find a path forward

The Independent UK

Trump officials finally meeting for high-level tariff talks with China representatives

China has warned it won’t ‘sacrifice its principles or global equity’ in any agreement

International Business Times

Taiwan Bicycle Makers In Limbo As US Tariff Threat Looms

Weeks after Donald Trump's global tariff bombshell, Jeff Chen's factory in Taiwan is as busy as ever turning out carbon and alloy wheels for high-end bicycles bound for US and European markets.

International Business Times

Tobacco Town Thrives As China Struggles To Kick The Habit

Visitors mill around a bright red hilltop pagoda in southwestern China, gazing down at a sprawling cigarette factory whose deadly output has put an otherwise unremarkable city on the map.

AAP

Australian shares edge higher but uncertainty lingers

The Australian share market has lifted on the back of US-China trade talks and stimulus announcements from Beijing, but investors remain apprehensive.

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