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The Latest Breaking News from China

Is China the new cool? How Beijing is using pop culture to win the soft power war

IShowSpeed, a 20-year-old American YouTuber and internet star, recently livestreamed hourslong tours of Chinese cities including Beijing and Shanghai, showcasing the locations to some of his nearly 40 million viewers.

The Conversation

Scott Bessent says the World Bank and IMF need a total overhaul: 'Mission creep has knocked these institutions off course'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said the two agencies are falling short.

Fortune

Elon Musk says Tesla will have ‘thousands’ of Optimus robots by year’s end, but China slapping controls on rare earths is hobbling production

President Donald Trump’s punitive tariffs provoked Beijing into demonstrating one of its key points of leverage.

Fortune

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The Toyota bZ7 Looks Fantastic. Too Bad It's Only For China

Toyota has revealed another electric sedan in China while it focuses on crossovers and SUVs everywhere else. The bZ7 is a China-exclusive flagship electric sedan bigger than a Camry and considerably more luxurious than anything with a bZ badge.

InsideEVs

Boeing hopes to find new buyers for up to 50 planes returned by China

Airplane manufacturer says it is lobbying Donald Trump over ‘unfortunate’ decision to impose tariffs

The Guardian - UK

Chinese companies stockpiled billions of dollars worth of Nvidia H20 GPUs prior to recent ban

China's top three internet companies allegedly have stockpiled around 1 million H20 AI GPUs in anticipation of U.S export bans that took place earlier this month.

Tom’s Hardware

MG and Zeekr show us the future of electric SUVs – and it includes the return of pop-up headlights

The Shanghai Auto Show proves that Zeekr and MG have both ends of the electric SUV spectrum covered.

TechRadar

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FTSE 100 jumps amid global stock rally after Trump rows back on tariff threats

The US president said that sky-high trade tariffs on China will ‘come down substantially but it won’t be zero’, prompting stock markets to surge.

Evening Standard

Kenyan president visits China as country pivots away from the US

Kenyan President William Ruto has begun a five-day state visit to China, signalling a deepening of strategic and economic ties between the nations. Ruto's first state visit to China since taking office in 2022 is being viewed by some as a strategic shift amid evolving geopolitical dynamics.

Radio France Internationale

Developments in AI need to be properly regulated as the world scrambles for advantage

Artificial intelligence (AI) is often hailed as the defining technology of the 21st century, shaping everything from economic growth to national security. But as global investment in AI accelerates, many experts are beginning to ask whether the world has embarked on an AI “arms race”.

The Conversation

UK overtures to China worry Hongkongers

Letter: A pragmatic China policy should not ignore the lived experience of the diaspora in Britain and beyond, says Sum Kung

The Guardian - UK

Stock markets rise as Trump backtracks on high China tariffs and firing Fed chair

Weeks of tough talk from the US president, who now says he will be ‘very nice’ to China, had rattled investors

The Guardian - US

China reveals Shenzhou 20 astronaut crew launching to Tiangong space station

Veteran Chinese astronaut Chen Dong will command a crew that includes rookies Chen Zhongrui and Wang Jie.

Space

Treasury Secretary Scott Bessent says China has ‘opportunity for a big deal’ with US as trade war appears to cool

The Treasury Secretary says the U.S. and China can work together to ‘rebalance’ their respective economies

The Independent UK

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InsideEVs

All-New Lexus ES Has Hybrid And Pure Electric Power

Lexus has unveiled the all-new eighth-generation ES sedan in China at Auto Shanghai, which is now either a hybrid or a full-on EV. It’s not what we expected in terms of design, as it seems to break with the tradition of understated styling in favor of a much bolder look…

Fortune

Scott Bessent says China must move away from export overcapacity and American overreliance: 'Everyone knows it needs to change'

Treasury Secretary Scott Bessent, in remarks to the Institute of International Finance on Wednesday, said, “America first does not mean America alone,” sharing that more than 100 countries have come to the table to talk trade deals.

Barchart

Stocks Rally as China Trade Tensions Ease and Trump Softens Stance on Powell

The S&P 500 Index ($SPX ) (SPY ) today is up +3.30%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +2.80%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +4.03%. June E-mini S&P futures (ESM25 ) are up +3.13%, and June E-mini Nasdaq futures...

Fortune

Exclusive: Amazon is no longer penalizing some top sellers for raising prices aggressively amid U.S.-China tariff war

Amazon recently penalized some top sellers who increased prices amid Trump's tariff war. But those penalties have now been reversed.

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The Guardian - UK

Xi contrasts China’s clean energy promises with Trump turmoil

Virtual meeting of leaders also hears UN’s António Guterres proclaim ‘no group or government’ can stop green revolution

Barchart

Dollar Gains on President Trump’s Softer Tone on Trade and Fed Independence

The dollar index (DXY00 ) today is up by +0.57%. The dollar is climbing today due to an easing of the harsh trade rhetoric against China after President Trump said he plans to be “very nice” to China in any talks and that tariffs will drop if the two countries...

International Business Times

Boeing Says China Not Accepting Planes Over US Tariffs

Boeing's CEO confirmed Wednesday that China had stopped accepting new aircraft due to the US-China trade war, as the company's shares surged following a smaller than expected loss.

Latin Times

Superstore CEOs Urged Trump to Back Off Tariffs or 'Shelves Would Be Empty' Before Revealing Possibility of China Trade Talks: Report

Facing pressure from retail CEOs and spooked markets, President Donald Trump toned down his tariff threats and signaled potential trade talks with China.

The Independent UK

The Latest: Treasury secretary says trade war with China is not ‘sustainable’

U.S. markets opened with big gains Wednesday amid clear signs of relief after President Donald Trump said he would not attempt to fire the head of the Federal Reserve and Treasury Secretary Scott Bessent said he expects a “de-escalation” from unsustainable tariffs against China in the trade war between the…

Barchart

Stocks Surge as Rhetoric on Firing Powell Eases and China Trade Tensions Improve

The S&P 500 Index ($SPX ) (SPY ) today is up +3.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +2.57%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +3.74%. June E-mini S&P futures (ESM25 ) are up +3.08%, and June E-mini Nasdaq futures...

InsideEVs

The Nissan Frontier PHEV You Actually Want Is Here

Nissan's first plug-in hybrid pickup is alive. The Frontier Pro just debuted at Auto Shanghai, packing a four-cylinder engine and a single electric motor into a body that looks notably different from the pure combustion version we have today.

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