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Asian news from Shanghai

Lori Ann LaRocco - The spread between short and long-term ocean freight rates has soared, leaving the market in a standoff - cnbc.com -  Shanghai

The spread between short and long-term ocean freight rates has soared, leaving the market in a standoff

March and April are critical months for ocean carriers looking to ink annual freight contracts with shippers, including the world's biggest retailers, but this year contract season is turning into a waiting game.

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Lim Hui Jie - Reuters - Asia-Pacific markets mostly rise; Taiwan hits fresh record high - cnbc.com - Japan - China - Taiwan - Hong Kong -  Shanghai - South Korea

Asia-Pacific markets mostly rise; Taiwan hits fresh record high

Asia-Pacific markets mostly rose after key U.S. benchmark indexes hit fresh highs overnight as artificial intelligence chip firm Nvidia overtook Microsoft to become the world's most valuable public company.

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Reuters - Malaysia prepares to join Brics pending ‘final results’ from South Africa - scmp.com - China - Usa - Malaysia - India -  Shanghai - South Africa

Malaysia prepares to join Brics pending ‘final results’ from South Africa

“We have made a decision, we will be placing the formal procedures soon … we are just waiting for the final results from the government in South Africa,” Anwar said in an interview with Shanghai-based new site Guancha.

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Xi Jinping - Julian Ryall - Japan wary of new conflict ‘flashpoints’ in East China Sea over coastguard law: analysts - scmp.com - Japan -  Tokyo - China - Philippines -  Beijing -  Shanghai - county Island

Japan wary of new conflict ‘flashpoints’ in East China Sea over coastguard law: analysts

The Japanese government anticipates further escalatory moves by the Chinese coastguard in the disputed waters in the East China Sea after Beijing began enforcing a new law allowing for the detention of anyone entering what it considers to be its maritime territory, a situation analysts warn could create new “flashpoints” for conflict between the two countries.

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The latest fashion trend gripping young Chinese isn’t actually new, but it’s proving lucrative - edition.cnn.com - China -  Beijing -  Shanghai -  Chengdu - province Shandong

The latest fashion trend gripping young Chinese isn’t actually new, but it’s proving lucrative

CNN —

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New high-speed sleeper train service connects Hong Kong with Beijing and Shanghai - edition.cnn.com - China -  Beijing - Hong Kong -  Shanghai - county Lee

New high-speed sleeper train service connects Hong Kong with Beijing and Shanghai

Hong Kong CNN —

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NORIYUKI DOI - Nikkei staff writer - China real estate firms see 4% sales growth after state help - asia.nikkei.com - China -  Shanghai

China real estate firms see 4% sales growth after state help

SHANGHAI -- Top real estate developers in China increased sales volumes by 4% in May compared with April, according to a Nikkei analysis, a relatively small boost despite the launch of a government program to buy unsold homes.

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NORIYUKI DOI - Nikkei staff writer - China's Ant Group lifts R&D spending to nearly $3bn on AI, Alipay - asia.nikkei.com - China -  Shanghai

China's Ant Group lifts R&D spending to nearly $3bn on AI, Alipay

SHANGHAI -- Chinese fintech company Ant Group said Thursday it spent 21.19 billion yuan ($2.92 billion) on research and development in 2023, including on artificial intelligence.

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Arjun Kharpal - European Commission - Tesla expects to raise Model 3 prices in Europe after higher EU tariffs on China EVs - cnbc.com - China -  Shanghai - Eu

Tesla expects to raise Model 3 prices in Europe after higher EU tariffs on China EVs

Tesla on Thursday said it will likely increase the Europe prices of its Model 3 vehicle from July 1 after the European Union said it could impose provisional higher tariffs on electric cars imported from China.

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