The Latest Breaking News from China

U.S. Commerce Secretary Howard Lutnick tells the U.S. Senate that the White House is renegotiating with CHIPS Act recipients, hoping to get more investments from recipients.

Today on Critical Materials: Automakers pull back EVs, dealerships beg automakers to stop sending them an overflow of EVs and Xiaomi SU7 waitlist is a year long

Shadow Cabinet Office minister Alex Burghart accused the Government of being ‘too weak’ to block the plans.

Popular vape brands like Geek Bar may get more expensive - if you can find them at all

Tesla registrations in the UK dropped 36% to 2,016 in May, compared to 3,152 a year ago, according to new figures

June S&P 500 E-Mini futures (ESM25) are up +0.02%, and June Nasdaq 100 E-Mini futures (NQM25) are up +0.10% this morning, pointing to a muted open on Wall Street, while investors await a fresh batch of U.S. economic data, remarks from Federal Reserve officials, and an earnings report from semiconductor…

Japan’s Nikkei 225 fell 0.5%, as Japan embarks on a new round of trade negotiations with the U.S. ahead of a G7 summit in Canada.

The warning from China’s embassy in the Philippines follows criticism from a top EU official about Beijing’s conduct.

During the 1966-1976 Cultural Revolution, Mao Zedong pushed for the closure of Chinese universities, seeing higher education as little more than a breeding ground for counterrevolutionary bourgeois intellectuals. After closing for a period, China’s universities reopened on a limited basis from 1970, with selection criteria based on class background, revolutionary…