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The Latest Breaking News from China

S&P Futures Slip With U.S. GDP and PCE Inflation Data in Focus, Microsoft and Meta Earnings on Tap

June S&P 500 E-Mini futures (ESM25) are trending down -0.30% this morning as investors cautiously await a barrage of U.S. economic data, including the Fed’s favorite inflation gauge and the first estimate of first-quarter GDP, as well as earnings reports from “Magnificent Seven” companies Microsoft and Meta.

Barchart

8BitDo and some of its killer retro-themed PC accessories are the latest to suffer from the U.S. tariff situation

8BitDo, makers of the wonderful Retro Mechanical Keyboard, has suspended shipments to the U.S. from China down to the current tariff situation.

Windows Central

China's '2D' chip could soon be used to make silicon-free chips

Advances in materials and architecture could lead to silicon-free chip manufacturing thanks to a new type of transistor.

LiveScience

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China’s manufacturing activity drops to a 16-month low as Trump’s tariffs bite

China’s factory activity in April fell to its lowest level since December 2023 as US tariffs weighed on business sentiment. Analysts noted that importers have now adopted a “wait-and-see” approach after Chinese manufacturers rushed to complete orders in March.

Euronews

Philippines signs military pact with New Zealand to widen alliances while facing an assertive China

The Philippines has signed a military pact with New Zealand, allowing their forces to hold joint exercises as Manila continues to build security alliances as it faces an increasingly aggressive China in the disputed South China Sea

The Independent UK

Vietnam celebrates 50 years since end of war with US

A military parade held in Ho Chi Minh City concludes celebration of 50th anniversary since the fall of Saigon.

Al Jazeera

China's Shenzhou-19 Astronauts Return To Earth

Three Chinese astronauts returned to Earth on Wednesday after six months on the country's space station, state media footage showed, as Beijing advances towards its aim to become a major celestial power.

International Business Times

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Three astronauts return to Earth after six months on space station

The astronauts, Cai Xuzhe, Song Lingdong and Wang Haoze, were launched to the Tiangong space station in October

The Independent UK

Trump claims shrinking US economy ‘nothing to do with tariffs’ as GDP drop raises risk of recession – as it happened

US on brink of ‘Trumpcession’ after jump in imports weighs down GDP… US president blames predecessor

The Guardian - UK

China's Shenzhou 19 astronauts return to Earth after 6 months aboard Tiangong space station (video, photos)

China's three-person Shenzhou 19 mission came home on Wednesday (April 30) after six months in orbit.

Space

China manufacturing activity plummets amid Trump tariff war

Index of activity drops to lowest reading since December 2023 as a result of ‘sharp changes’ in international trading

The Guardian - UK

China's export orders dip in April as Trump's tariffs begin to bite

Monthly surveys of Chinese factory managers shows export orders slowed in April as higher tariffs on U.S. imports began to kick in

The Independent UK

Commerce Secretary says US is close to first tariff deal, days after Trump bragged he already had 200 deals

Commerce Secretarty Howard Lutnick says he has a deal done but won’t name the country

The Independent UK

Trump's tariffs loom over the economy as shipments from China fall

American businesses are cancelling orders from China, postponing expansion plans and hunkering down to see what trade policy surprises President Donald Trump plans to spring on them next

The Independent UK

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International Business Times

Asian Markets Struggle As Trade War Hits China Factory Activity

Stocks started limply Wednesday as investors struggled to match Wall Street's rally, with data showing Chinese factory activity contracted this month at its fastest pace for nearly two years as Donald Trump's trade war kicked in.

The Independent UK

Inside Japan’s race to prepare for war on its doorstep

SPECIAL REPORT: Japan views Russia’s invasion of Ukraine as a failure of global deterrence – and a wake-up call. On Yonaguni island, just 100km from Taiwan, Adam Withnall visits a community bracing in case history repeats itself

International Business Times

China's Manufacturing Shrinks In April As Trade War Bites

China's manufacturing activity shrank in April after growing at its highest rate in a year the previous month, official data showed Wednesday, as Beijing fights an intensifying trade war with the United States.

International Business Times

Samsung Electronics Posts 22% Jump In Q1 Net Profit

South Korean tech giant Samsung Electronics reported a better-than-expected 21.7 percent rise in first-quarter net profit on Wednesday as consumers rushed to buy smartphones under the looming threat of US tariffs.

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AAP

Coalition makes infrastructure its top Pacific priority

Peter Dutton says a $2 billion pledge towards Pacific infrastructure is not an attempt to put distance between his party and Donald Trump, who has cut US aid.

The Independent UK

Trump doubles down on trade war with China and insists Americans ‘signed up for this’

The president also denied that there would be tough economic periods for Americans, saying instead that he believed ‘great times’ were ahead

Sports Illustrated

F1 Drivers’ 2025 Power Rankings: Oscar Piastri Setting the Tone Through First Five Races

The McLaren driver leads the championship standings as the paddock travels to Miami. Here’s how he and the rest of the field stack up so far.

The Guardian - AU

Danger zone: why Anthony Albanese or Peter Dutton will face a security nightmare if they win the election

Australia’s ‘rose-coloured’ view of the US has been shattered and the prime minister will be forced into previously unthinkable decisions at a time of escalating global conflict

International Business Times

Grand Vietnam Parade 50 Years After The Fall Of Saigon

Vietnam is set to hold its biggest celebration of the fall of Saigon on its 50th anniversary Wednesday, including Chinese troops for the first time after Xi Jinping visited to portray Beijing as a more reliable partner than Washington.

Fortune

UPS ditched Amazon to be more profitable. Now it’s slashing 20,000 jobs and plans to close over 70 facilities

One of the world's biggest shipping companies is trying to reorganize just as global trade is upended.

International Business Times

BRICS Members Blast Rise Of 'Trade Protectionism'

China, Brazil and other members of the BRICS grouping on Tuesday slammed the "resurgence of trade protectionism" at a meeting in Rio de Janeiro dominated by US President Donald Trump's tariffs blitz.

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