Sharp China: Social Mobility and Hukou Reform; US Halts Taiwan Arms Sales?; Ongoing Pressure on Japan; An American Xinhua Journalist Arrested

Beijing eased hukou restrictions. Chinese AI talent has been restricted from leaving China. US has paused its second tranche of arms sales to Taiwan. There are reports of Takaichi recriminations from Xi in his meeting with Trump. Heavy rare earth shipments have been restricted for the past four months in Japan. Mao's strategic stalemate is a stage of protracted war, not an endgame. An American journalist for Xinhua and other state outlets is arrested and accused of acting as an unregistered agent of the state.

Appeal of China assets keeps rising among global investors, JPMorgan research says

JPMorgan Chase says global investors' appetite for Chinese equities, companies and assets continues to rise due to rapid technological advancements and low valuations. 57% of investors are considering investing in China, up from 51% in the same period last year. The poll was conducted during the Global China Summit in Shanghai last week.

US Delay of $14 Billion Taiwan Arms Package Raises Questions Over America’s Defense Capacity and China Strategy

The U.S. stopped a $14 billion arms sale to Taiwan a week after the Trump-Xi summit in Beijing. Beijing sees Taiwan, a democratically governed island off the mainland Chinese coast, as part of its territory and demands its "reunification" by any means necessary. The United States does not recognize Taiwan's statehood, but it remains an important ally, selling Taiwan high-tech weapons and equipment that would be essential in the event of an invasion. Some analysts believe the delay is related to a munitions shortage in the Middle Eastern conflict, while others argue it's related to broader geopolitical calculations.

China accuses the Philippines of ‘selective and discriminatory’ Chinese arrests

Beijing has accused Manila of "selective and discriminatory" law enforcement against Chinese nationals in the Philippines. Beijing demands that Manila brief Beijing on every case involving Chinese citizens within four days. 24 Chinese nationals were arrested on Monday in a joint operation led by immigration authorities and the Philippine Army.

Hong Kong eyes Central Asian listings as HKEX CEO pitches city’s deep liquidity

Hong Kong is an excellent option for Central Asian companies considering secondary listings to raise funds for expansion, according to Bonnie Chan Yiting, CEO of Hong Kong Exchanges and Clearing. She will join a high-level delegation led by Chief Executive John Lee Ka-chiu to Kazakhstan and Uzbekistan in early June.

Leveraging Hong Kong’s Unique Advantages to Expedite an International Innovation and Technology Centre— The Support from CICC for Hong Kong’s Leap into Innovation

Hong Kong is becoming a hub for the global allocation of capital to new-economy assets. It is home to many world-class universities and enjoys a high concentration of basic research talent. The Greater Bay Area hinterland fills Hong Kong's industrialization gap.

There is now a Germany-sized hole in China's climate balance

New figures from China raise questions about the country's climate footprint. The growth in official CO2 emissions since 2020 appears to be only half as large as previously assumed. China is by far the largest CO2 emitter in the world and causes around a third of global emissions. Changes in Chinese statistics have enormous significance for international climate goals.

Thursday briefing: Iran strikes; Trump banknote; mortgage rates; secrets to a happy relationship; and more

People applying for permanent residency in the U.S. are being asked why they did not return to their home countries first, as they are asked by immigration officers why they didn't go back to their countries first. in the immigration offices in the US.

Beijing praises actress Lin Chi-ling for quitting Taiwan culture board

Lin Chi-ling quit her position as a board member of the Taiwan Creative Content Agency after her appointment drew backlash. Chen Binhua, a spokesman for Beijing’s Taiwan Affairs Office, said the TAICCA had orchestrated and funded films and television productions in recent years that “distort history and hype the ‘mainland threat’”.

China’s Academic World Rocked as Whistleblower Exposes Research Fraud, Plagiarism

Whistleblower Geng Tongxue is challenging elite academics tied to China's top universities and state-backed research programs. Geng Hongwei, a former PhD student at Beihang University's School of Biological Science and Medical Engineering, claims he was forced out of academia after refusing to participate in questionable research practices. He has more than 1.8 million followers on Chinese social media platforms. Many Chinese students and researchers say Geng's story reflects deeper frustrations inside China's competitive academic system.

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