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The Latest Breaking News from Beijing

China clearly has a plan to flex its diplomatic muscle around the world

In brokering a detente between Iran and Saudi Arabia – and offering its own peace plan for Ukraine – we have been given a glimpse of Beijing’s grander vision, writes Borzou Daragahi

The Independent UK

Market rout pauses after Swiss bank Credit Suisse gets €51 billion lifeline

European markets have calmed down after Credit Suisse secured a lifeline of up to 50 billion Swiss francs from the country's central bank. The crisis is just the latest to hit the embattled lender, which has suffered a string of scandals and management issues. Jitters over the banking sector remain…

France 24

‘Path of error and danger’: China angry and confused over Aukus deal

Deal is designed to counter perceived threat from Beijing but analysts in China say it could push region closer to conflict

The Guardian - UK

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US arrests Chinese billionaire on fraud rap

NEW YORK: A Chinese tycoon closely tied to an adviser to former US president Donald Trump has been arrested in New York and charged with bilking $1 billion from supporters of his anti-Beijing activities.

Bangkok Post

Chinese ChatGPT rival from search engine firm Baidu fails to impress

Shares plummet after Ernie Bot AI chatbot software falls short of expectations at unveiling in Beijing

The Guardian - UK

Saudi Official: Iran Will face Difficulties with China if it Doesn’t Honor Agreement

China has leverage on Iran and Tehran will find it difficult to explain if it does not honor the agreement signed with Saudi Arabia in Beijing, a Saudi official said on Wednesday. Iran and Saudi Arabia agreed on Friday to re-establish relations, seven years after they were severed, following talks…

Asharq Al-Awsat

Don’t ‘quench your thirst with poison’, Taiwan tells Honduras after switch to China

Taiwan foreign ministry warns of China debt trap, as US says Beijing ‘makes many promises that are unfulfilled’

The Guardian - AU

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With Saudi deals, US, China battle for influence in Mideast

In a matter of days, Saudi Arabia carried out blockbuster agreements with the world’s two leading powers

The Independent UK

Jiang Yanyong, the doctor who exposed the size of the 2003 SARS outbreak, dies at 91

Jiang Yanyong was a Chinese military doctor who revealed the full extent of the 2003 SARS outbreak and was later placed under house arrest for his political outspokenness.

WEKU

Exiled Chinese tycoon Guo Wengui charged with billion-dollar fraud in US

Chinese billionaire Guo Wengui, the exiled businessman and vocal critic of Beijing with ties to former President Donald Trump adviser Steve Bannon, was charged with fraud after the U.S. seized $634 million linked to his alleged crimes.

Tribune News Service

U.S. warns Honduras that China makes many unfulfilled promises

The U.S. State Department on Wednesday said China makes many promises that are unfulfilled after Honduras announced it would seek official relations with Beijing and cut them with Taiwan.

Reuters

China’s sound and fury over Aukus will mean little for ties with Australia

Beijing wants the relationship ‘back on the right track’ regardless of the trilateral pact

The Guardian - AU

Biden and Xi Are Doomed to Escalation

Neither Beijing nor Washington seems capable of cooperation or building trust.

Foreign Policy

Analysis: Renewed Saudi-Iranian ties, brokered by China, force new calculations in Mideast

BEIRUT — The surprise announcement of a resumption of diplomatic ties between Saudi Arabia and Iran, thanks to a deal brokered by Beijing, underscores regional governments’ interest in a de-escalation of tensions — and China’s willingness to wield its economic clout to achieve it.

Los Angeles Times

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Bangkok Post

Honduras switching ties to China from Taiwan

 Honduras will establish diplomatic relations with China, President Xiomara Castro said on Tuesday, a move that would result in the severing of longstanding official ties with Taiwan.

The Guardian - UK

UK quietly shifts China policy as trust between countries erodes

British stance edges closer to the US, but many MPs want government to go further and designate China as a threat

Tribune News Service

Xi reboots statesman image in bid to counter US on world stage

Chinese President Xi Jinping is rebooting his image as a global statesman — and he’s already got a significant win under his belt.

Al Jazeera

Honduras says plans to open diplomatic relations with China

Diplomatic ties with Taiwan have become a flashpoint in Central America, where Beijing is looking to deepen links.

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The Guardian - AU

Morning Mail: Russian jet hits US drone, boy’s 45 days in solitary, China denounces Aukus

Beijing labels submarine deal ‘cold war’ mentality while concern grows in Queensland over youth justice policies

France 24

Xi Jinping on all fronts: How far will China-US rivalry go?

Xi Jinping boasted about a "great wall of steel" in the speech marking the kickoff of his precedent-breaking third term as China's president. He has consolidated his grip on power and is flexing his might just as leaders of the US, Australia and the UK converged on San Diego, where…

Foreign Policy

How China’s Saudi-Iran Deal Can Serve U.S. Interests

And why there’s less to Beijing’s diplomatic breakthrough than meets the eye.

The Guardian - UK

Doctor who exposed China’s cover-up of Sars crisis dies aged 91

Dr Jiang Yanyong revealed true extent of 2003 outbreak and was put under house arrest for denouncing Tiananmen Square massacre

Daily Mirror

China lashes out at UK, US and Australia for fuelling 'arms race' with submarine pact

Beijing has blasted the deal struck by the UK, Australia and the US to build nuclear-powered submarines to counter the Chinese threat in the Pacific

The Independent UK

China says AUKUS on 'dangerous path' with nuclear subs deal

China says the United States, Australia and the United Kingdom are traveling “further down the wrong and dangerous path for their own geopolitical self-interest.”

Axios

With Iran-Saudi deal, Beijing aims to bring its friends closer together

“This is about bloc-building rather than peace-building."

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