US urged to ‘meet China halfway’ as envoy arrives in Beijing amid trade truce

Beijing expressed hope that the US could “meet China halfway” as the new American ambassador David Perdue assumed his post on Thursday. Advertisement Perdue, a former Republican US senator for the state of Georgia and a veteran business executive, was confirmed by the US Senate as ambassador to China last month. US President Donald Trump, Perdue’s long-time ally, conducted a swearing-in ceremony in the Oval Office on May 7 and told Perdue to “say hello to President Xi [Jinping] when you’re over there”. Perdue announced his widely anticipated arrival in…

Nissan open to making cars for Chinese partner in Sunderland, says CEO

Nissan’s new chief executive has said the Japanese carmaker would be open to building cars for a Chinese partner at its factory in Sunderland as he confirmed it would not be closed in a round of deep cost cuts. This week Nissan revealed plans to close seven factories and cut 20,000 jobs after sustaining heavy losses. Ivan Espinosa said on Thursday the UK plant at Sunderland would not be among the factories to close and he would consider building cars for China’s Dongfeng. Sunderland, where it employs 6,000 people, is…

China expands visa-free travel to 5 Latin American nations after summit with regional bloc

China is expanding visa-free travel to five South American countries, the foreign ministry said on Thursday. Advertisement Starting from June 1, citizens of Brazil, Argentina, Chile, Peru and Uruguay will be allowed to enter China without a visa and stay for up to 30 days for purposes such as tourism, family visits or business. The arrangements will be in force for one year. “China will continue to pursue high-level opening-up and introduce more measures to further facilitate cross-border exchanges,” foreign ministry spokesman Lin Jian said. “We also welcome more foreign…

Japan’s electric car battery bet is running out of juice

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter. Much of the global attention around industrial self-sufficiency has focused on the US and China. Yet Japan, too, has been working to reduce its reliance on foreign suppliers in strategic sectors, and particularly when it comes to China. A part of that effort has been to catch up in the electric vehicle battery market. That push is now faltering. Japan had a head start: Panasonic was one of the world’s…

China launches satellites to start building the world’s first supercomputer in orbit

China has launched the first batch of satellites for its space computing constellation, a system that could rival the most powerful ground-based supercomputers once fully deployed. Advertisement Twelve satellites, each equipped with intelligent computing systems and inter-satellite communication links, were sent into orbit aboard a Long March 2D rocket from the Jiuquan Satellite Launch Centre around noon on Wednesday, according to state-owned Guangming Daily. Twelve satellites, each equipped with intelligent computing systems and inter-satellite communication links, were sent into orbit on Wednesday, according to state-owned Guangming Daily. Photo: Handout They…

Myanmar’s ousted government calls for international aid after junta kills hundreds

Myanmar’s ousted civilian government called for international intervention, accusing the military regime of committing “war crimes” by killing nearly 400 people within a month, despite the junta’s declaration of a ceasefire on April 2. From April 3 to May 13, junta airstrikes across 11 of Myanmar’s 14 territories have killed a total of 182 people and injured 298, said the National League for Democracy, or NLD, the party that won a landslide in the 2020 election but was ousted in a coup the following year. The majority of attacks have…

China’s CATL powers up for overseas push with US$4.6 billion Hong Kong IPO

Advertisement “An overseas listing by China’s EV battery champion is more than fundraising,” said Ding Haifeng, a consultant at Shanghai-based financial advisory firm Integrity. “As a public company outside mainland China, the company will draw attention from more international investors and industry officials as it revs up expansion abroad.” CATL, as the company is known, is expected to price its IPO at the top end of a range and increase the offer size to raise about HK$35.7 billion (US$4.6 billion). It planned to sell 117.9 million new shares at HK$263…

Uyghur bomb suspects still await final trial in Thailand after 10 years in jail

BANGKOK – A Thai court slashed the number of prosecution witnesses for the long-stalled trial of two Uyghur men incarcerated for a decade following the retaliatory bombing of a Bangkok shrine popular with Chinese visitors. Adem Karadag and Yusufu Mieraili, both handcuffed and shackled, appeared Thursday at a Bangkok criminal court for a fresh arraignment aimed at speeding up proceedings in the politically sensitive case. “I still have hope for freedom,” Karadag told Radio Free Asia through a courtroom interpreter. “I want to go anywhere but not to be sent…

Taiwanese celebrities caught up in military conscription evasion scandal

Authorities in Taiwan are investigating a cluster of cases involving local artists accused of evading the island’s compulsory military service, with nearly a dozen entertainers swept up in coordinated police raids on Wednesday, according to local media reports. Advertisement The interior ministry said 11 celebrities were detained in the raids early on Wednesday, which were part of an investigation into broader allegations that a criminal syndicate has been orchestrating schemes to help male residents avoid conscription. The entertainers included the singers Nine Chen and Daniel Chen, as well as Jushe…