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FirstFT: Elon Musk’s Tesla teams up with China’s Baidu
Also in today’s newsletter, US commander warns of China’s ‘boiling frog’ strategy in the Pacific and hopes rise for Gaza hostage releaseFinancial Times - World - China -
German far-right lawmaker whose assistant was arrested for spying for China keeps up election bid
A prominent German far-right lawmaker says he will dismiss an assistant who was arrested on suspicion of spying for China, but will remain the Alternative for Germany party’s top candidate in the upcoming European Parliament electionsABC News - World - China -
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US business group says policy ‘inconsistency’ hurting China investment
AmCham China highlights concerns about lack of regulatory clarity as Beijing seeks to shore up confidenceFinancial Times - Business - China -
At summit with Putin, Xi says China and Russia will continue to uphold positions of non-alliance and non-confrontation
At summit with Putin, Xi says China and Russia will continue to uphold positions of non-alliance and non-confrontationABC News - World - China -
As Putin and Xi meet, the power dynamics between Russia and China keep the West guessing
Analysts say the relationship is nuanced, deeper than a "marriage of convenience," and complex on a number of fronts.CNBC - Business - China -
China is still an important market even if investors diversify from it now, says Peak XV
China will still be an important market in the years to come, said Peak XV, despite firms diversifying away from the country amid geopolitical concerns.CNBC - Business - China -
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China dispatches vice premier, urges better safety measures after highway collapse killed 48
China has dispatched a vice premier to oversee recovery efforts and urged better safety measures after a highway collapse killed at least 48 in the country's mountainous southABC News - World - China -
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‘Watershed moment’ for Tesla as Elon Musk’s visit to China reaps quick reward
Deal to use mapping data from web search giant Baidu is a major step towards launching driver assistance tech in world’s biggest car market. Elon Musk’s visit to China has reportedly reaped immediate rewards with a deal for Tesla to use mapping ...The Guardian - World - China -
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China's Xiaomi is selling more EVs than expected, raising hopes it can break even sooner
Chinese smartphone company Xiaomi aims to sell at least 10,000 pure electric cars a month, for more than 100,000 deliveries this year, said CEO Lei Jun.CNBC - Business - China -
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Putin and Xi sign a joint statement on deepening the comprehensive strategic partnership between Russia and China
Putin and Xi sign a joint statement on deepening the comprehensive strategic partnership between Russia and ChinaABC News - World - China -
Putin arrives in China on mission to deepen partnership with Xi
During the two-day visit the leaders will take part in a gala evening celebrating 75 years since the Soviet Union recognised the People’s Republic of China. Russian president Vladimir Putin has arrived in Beijing for talks with Xi Jinping that the ...The Guardian - World - China -
China Vanke Shares Slump After Soft Results
The property developer’s shares slumped after it posted soft first-quarter results amid continuing pressure in China’s property sector.The Wall Street Journal - Business - China -
Tesla stock jumps after reports China data security rules cleared, partnership deal with Baidu
Elon Musk made a surprise visit to China over the weekend, and didn’t walk away empty-handed.MarketWatch - Business - China -
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Putin visits China’s ‘Little Moscow’ as allies seek to cement economic ties – live
Leader visits city known for historically large Russian population on second day of visit. Putin and Xi announce plans to strengthen military ties in BeijingWhile Putin’s visit to China continues, back in Russia his deputy foreign minister has ...The Guardian - World - China -
The US has approved more flights for China, but the real winner is Russia
While it is certainly understandable that the Biden administration wishes to reestablish the bilateral services agreement with China, there is a better way to do so.The Hill - Politics - China -
At summit with Putin, Xi says China hopes Europe will return to peace soon and that China will play a constructive role
At summit with Putin, Xi says China hopes Europe will return to peace soon and that China will play a constructive roleABC News - World - China -
China Property Stocks Rally as More Cities Unveil Rescue Steps
Shares of Chinese property developers surged on rising expectations that government entities in China are helping buy up excess housing in a bid to revive the struggling real-estate sector.The Wall Street Journal - World - China -
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Putin’s trip to China may show US threats are wishful thinking
They will privately brainstorm options for a sanctions-proof infrastructure before quietly implementing themFinancial Times - Business - China -
China Disinflationary Headwinds Continue as Consumers Hold Back
Spending on travel and cars remains subdued as factory-gate prices fell for 19th straight month.The Wall Street Journal - World - China -
A missed opportunity for a China-EU grand bargain
Differences over Russia and economic frictions cast a shadow across Xi Jinping’s tour of European capitalsFinancial Times - Business - China -
Why China's Xi Faces a Pressing Challenge in Europe
The Chinese leader has sought to repair trade ties as Beijing’s exports to the West have dropped.The Wall Street Journal - World - China -
Albanese rejects China's argument that Australia was at fault for dangerous aircraft encounter
Australian Prime Minister Anthony Albanese says China’s account blaming Australia for a dangerous clash between their military aircraft in international airspace over the Yellow Sea failed to undermine Australian objectionsABC News - World - China -
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The iPhone Is Losing Its Cutting-Edge Appeal in China
A fall in Apple’s sales in China shows that some consumers there no longer see Apple’s flagship product as the most advanced in technology.The Wall Street Journal - Tech - China -
Tesla jumps 15% after passing key hurdle to roll out advanced driver-assistance tech in China
Shares of Tesla rose sharply after the company passed a significant milestone to roll out its advanced driver-assistance technology in China.CNBC - Business - China -
The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It
Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for “financial anomalies” and “shenanigans.”The Wall Street Journal - World - China -
China’s Shenzhen metropolis sees fastest growth in millionaires globally
In 2023 alone, Shenzhen saw a 10% growth in millionaires, while Beijing and Shanghai recorded a decline of around 5% amid an exodus of high-net-worth individuals from China.CNBC - Business - China -
Putin arrives in China's 'Little Moscow' as allies aim to deepen trade
It comes a day after the Russian and Chinese leaders pledged a "new era" of partnership between their countries.BBC News - Top stories - China -
China's exports and imports return to growth in April as demand improves
China reported Thursday that its exports and imports returned to growth in April, suggesting that demand is improving despite an uneven economic recoveryABC News - World - China -
Xi Jinping to visit France, Hungary and Serbia amid EU trade tariff row
China’s president arrives as EU anti-subsidy investigations and tensions over espionage, Ukraine and Taiwan continue. China’s president, Xi Jinping, is to visit Europe next week for the first time in five years, in a tour that will take in the ...The Guardian - World - China -
‘Everything has changed’: foreign auto groups embrace local technology in China
Leading Japanese and Korean carmakers follow VW with moves to match domestic rivalsFinancial Times - World - China -
Blinken says he challenged China's Xi on Russia war support
America's top diplomat and the Chinese president have held talks in Beijing as both sides seek to stabilise relations.BBC News - Top stories - China -
China warns US not to step on its 'red lines'
US Secretary of State Antony Blinken is in China in an attempt to put relations on an even keel.BBC News - Top stories - China