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The Latest Breaking News from Beijing

China has $3 trillion of ‘hidden’ currency reserves, Setser says

BEIJING: China is sitting on a $6 trillion pile of money, half of which is “hidden,” and that presents a new kind of risk to the global economy, according to Brad Setser.

The Times of India

China growth momentum slows further amid calls for stimulus

BEIJING: China’s economy lost more steam in June with manufacturing activity contracting again and other sectors failing to build momentum, as calls grow for more policy support.

The Times of India

As Beijing swelters, activists hope the heat will prompt climate action

Despite record temperatures, some Chinese people are yet to connect the extreme heat to the climate crisis, something activists want to change

The Guardian - UK

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Yes, Xi Jinping Is A Dictator

What’s Xi Jinping getting his knickers in a knot about?

Zenger

China unlikely to be worried by ‘weaker Putin’ post Wagner revolt

‘New era’ ties likely to continue given China and Russia’s shared concerns, with Beijing the power in the relationship.

Al Jazeera

Billionaires and bureaucrats mobilize China for AI race with US

China’s tech sector has a new obsession: competing with U.S. titans like Google and Microsoft Corp. in the breakneck global artificial intelligence race.

Tribune News Service

China in focus as EU leaders prepare for key summit

Leaders of the European Union’s member states will meet in Brussels this week to discuss the bloc’s ties with China.

Al Jazeera

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China says West's economic de-risking is a 'false proposition'

Chinese Premier Li Qiang slammed efforts in the West to "de-risk" their economies as a "false proposition" on Tuesday, hitting back against US and EU policy aimed at reducing their reliance on China.

Radio France Internationale

Biden administration mulling new restrictions on AI chip exports to China, report says

The Wall Street Journal is reporting that Washington is looking to further restrict the exports of artificial intelligence chips to China. The United States is concerned that Beijing could use American-made technology to develop weapons or increase its hacking abilities. Also in this edition: UK food retailers face tough questions…

France 24

Chinese billionaires go all-in on AI

China’s tech sector has a new obsession: competing with US titans like Google and Microsoft in the breakneck global artificial intelligence "arms race".

Bangkok Post

Hipkins meets Xi Jinping: behind the handshakes, NZ walks an increasingly fine line with China

Chris Hipkins anticipated a “diplomatic” meeting with Xi Jinping. The Chinese leader said he placed “great importance” on the relationship with New Zealand. Both businesslike, Hipkins made sure to stress his country was open for business too.

The Conversation

Taiwan Foreign Minister Warns Of Serious Threat From Xi’s Military Ambitions

Taiwan emboldened by Ukraine's determination to protect sovereignty, says foreign minister.

Zenger

New Zealand Prime Minister Hipkins visits China to boost economic ties

New Zealand Prime Minister Chris Hipkins has discussed his country’s interest in boosting economic ties with China during a meeting with Chinese President Xi Jinping in Beijing

The Independent UK

India inaugurates New Delhi Hall at SCO Secretariat in Beijing; EAM Jaishankar says it depicts ‘mini-India’

External Affairs Minister S. Jaishankar inaugurated an exquisitely designed ‘New Delhi Hall’ at the SCO Secretariat in Beijing, which he said depicts a “mini-India” and will foster a better understanding of the country’s culture.

The Hindu

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Al Jazeera

‘Don’t see why not’: China envoy on backing Ukraine’s ’91 borders

China’s EU envoy, Fu Cong, says Beijing respects the territorial integrity of all countries and stands for peace.

The Independent UK

In China, muted reaction to revolt in Russai belies anxiety over war, global balance of power

China’s muted reaction to the Wagner mercenary group uprising against Russia’s military belies Beijing’s growing anxieties over the war in Ukraine and how this affects the global balance of power

The Guardian - UK

Xi Jinping praises ‘great importance’ of China-New Zealand relations

Amid rising global tensions, Chinese leader tells PM, Chris Hipkins, his visit to Beijing is meaningful

Bangkok Post

China censors top financial pundit over economy comments

BEIJING: A prominent Chinese financial journalist who has compared the country's economic problems to the Great Depression has been banned from social media.

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news in one place.

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Los Angeles Times

Doyle McManus: Blinken tried to build a floor under US-China relations. He may have to keep doing it

When Secretary of State Antony J. Blinken went to Beijing last week to try to repair the frayed relationship between the United States and China, both sides kept expectations low.

Tribune News Service

Xi’s bet on Putin looks even more risky after Russian rebellion

Ever since Russia invaded Ukraine last year, Xi Jinping’s gamble on a “no limits” friendship with Vladimir Putin has looked like it could backfire. This weekend’s brief uprising against Moscow again underscored the risks facing the Chinese leader.

The Guardian - UK

Xi weighs up support for Putin after rebellion

Beijing’s support for Moscow is based on pragmatism and ideology, with China’s most powerful ally damaged by recent events

The Guardian - AU

Afternoon Update: China downplays Russia turmoil; Taylor Swift presale hiccup; and rain coming to eastern Australia

Officials in Beijing have described aborted rebellion by Wagner group as Moscow’s ‘internal affairs’

Al Jazeera

Russia’s ‘internal affair’: China plays down Wagner mutiny impact

Beijing stresses ‘national stability’ as state media reports the collapse of the Wagner revolt strengthened Putin.

The Guardian - AU

China downplays Wagner rebellion as Russia’s ‘internal affairs’

Beijing says it supports Russia in maintaining national stability, without explicitly referring to Vladimir Putin personally

Bangkok Post

Horns of a dilemma

With the Move Forward Party (MFP) still on track to establish a new government, fresh concerns over the next chapter in Thai-Chinese economic relations have surfaced.

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