China

Markets

Tesla's China vehicle deliveries bounce back in May

According to data from China's Passenger Car Association, Tesla sold 33,463 total vehicles in China in May. Approximately 21,936 vehicles were delivered in China, while 11,527 were exported to Europe. The delivery figures mark a 29% improvement from April, when the company sold about 26,000 electric vehicles made in China, down from roughly 36,000 in March.

Politics

US report found it plausible COVID-19 leaked from Wuhan lab

A report on the origins of Covid-19 by a U.S. government national laboratory concluded that the hypothesis claiming the virus leaked from a Chinese lab in Wuhan is plausible and deserves further investigation, according to people familiar with the classified document.

Financials

HSBC to sell US retail bank branches

HSBC Holdings PLC will exit from its U.S. retail and small-business banking operations as the bank shifts its focus to wealth management and international banking, especially in Asia.