China and India purge themselves of each other’s journalists

Here’s what else you need to know about China today:

Top story: Chinese state-owned Shougang Group won a bid in 1992 to privately operate an iron mine in Peru, the largest Chinese investment in Latin America at that time. Shougang Hierro Mine in Marcona was immediately profitable, but it has been hounded by labor disputes ever since. Click through for the whole thing.

“The number of Chinese journalists stationed in India is about to drop to zero,” China’s Foreign Ministry said today in response to a report from the Wall Street Journal (WSJ) stating that the two neighboring countries have kicked out nearly all of each others’ journalists in the past few weeks. The ministry confirmed that India “still has not renewed the visa of the last Chinese journalist in the country,” while the WSJ claimed that two of the four remaining China-based Indian journalists were not granted visas to return to the country. China “has no choice but to take appropriate countermeasures to safeguard the legitimate rights and interests of Chinese media organizations,” spokesperson Máo Níng 毛宁 said, but stressed that China is “still willing to maintain communication with India under the principles of mutual respect, equality, and mutual benefit.”

Elon Musk met with top Chinese officials, including Foreign Minister Qín Gāng 秦刚 yesterday and commerce minister Wáng Wéntāo 王文涛 today, during his first trip to the country in three years. Tesla shares buoyed up after the meetings with the company’s CEO, who also heads SpaceX and Twitter, yielded positive signs of Beijing’s opening up to foreign businesses and highlighted the “unprecedented growth potential and market demand” from Chinese modernization. On Friday, Musk is expected to meet the Party boss of Shanghai, Chén Jíníng 陈吉宁, amid speculation that Tesla plans to expand its production facilities in the commerce hub.

Jamie Dimon, CEO of the bank JPMorgan Chase & Co., is also in China this week meeting senior Communist Party officials, following similar confabs between executives from Starbucks, Jardine Matheson, and other foreign companies.

Three men will face trial in the U.S. today for pressuring a Chinese fugitive, a New Jersey resident, to return to the country on behalf of the Chinese government to face bribery and embezzlement charges. Michael McMahon, Zheng Congying, and Zhu Yong stand accused of acting as illegal agents under Operation Fox Hunt, a wider campaign by Beijing to repatriate fugitives that some have accused of unjustly targeting Chinese dissidents. All three men have pleaded not guilty to charges of acting as Chinese agents without notifying the U.S. authorities, as required by law.

Malaysia detained a Chinese ship accused of looting British World War II shipwrecks in the South China Sea over the weekend, and today discovered more old ammunition and artillery shells onboard during the investigation. The ammunition is believed to be from the HMS Prince of Wales and HMS Repulse, which were sunk days after the attack on Pearl Harbor by Japanese forces more than eight decades ago. The British Ministry of Defense has condemned the scavengers for the “desecration” of maritime military graves.

State media: The print edition of Party rag the People’s Daily featured yesterday’s meeting of the National Security Commission of the Central Committee chaired by Xí Jìnpíng 习近平 as its main story, while Xinhua News Agency is already promoting a story about Xi celebrating June 1, International Children’s Day.