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The Latest Breaking News from Beijing

China investors call it quits as Xi, ‘zero COVID’ sap confidence

Overseas investors shed a record $150bn in yuan-denominated assets in the first quarter of this year.

Al Jazeera

Beijing warns AUKUS submarine project sets a 'dangerous precedent' and threatens non-proliferation

A new report out of Beijing declares the AUKUS nuclear submarine project is a grave risk to non-proliferation and warns that Australia may be intent on developing nuclear weapons.

ABC News

Ukraine war quagmire prompting China rethink on Taiwan: CIA chief

Bill Burns says Beijing likely to reconsider timing of any invasion amid Russia’s ‘unsettling’ war on Ukraine.

Al Jazeera

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Chinese Mortgage Boycott Gains Steam

Homebuyers’ threats to stop payments on unfinished projects could deepen an ongoing real estate crisis.

Foreign Policy

Beijing forms organisation in bid to give Chinese steel producers more leverage over Australian iron ore prices

China's government has established a new minerals giant that will purchase iron ore from abroad on behalf of Chinese steel producers — a move seen as an attempt to gain long-term leverage in price negotiations with Australian exporters.

ABC News

Taiwan's speaker warns of Chinese ambitions in Prague, China protests

Taiwan parliament speaker You Si-kun warned against China's power ambitions in a speech at the Czech parliament on Thursday in a visit drawing a rebuke from Beijing.

Reuters

Hotels in Beijing banned from hosting weddings and banquets as city tightens Covid controls

HONG KONG: Beijing has announced a citywide ban on hotels hosting weddings as well as other events such as group banquets amid a small surge in Covid-19 cases in other parts of the country.

Bangkok Post

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European Parliament VP urges renewed China-Taiwan dialogue

European Parliament Vice President Nicola Beer has met with Taiwan's leader Tsai Ing-wen and called for China to open a “mutual and respectful dialogue" with the self-governing island democracy it claims as its own territory

The Independent UK

‘Run philosophy’: the Chinese citizens seeking to leave amid Covid uncertainty

With Beijing’s zero Covid policy set to continue, many disillusioned citizens have begun planning to leave the country

The Guardian - UK

China to fine ride-hailing giant Didi more than $1bn

BEIJING: China is preparing to hit ride-hailing giant Didi with a fine of more than US$1 billion to wrap up a long-running probe, media reports said, boosting investor hopes that the country's tech crackdown is winding down.

Bangkok Post

Beijing says report it invited European leaders to meet Xi is 'fake news'

A Chinese foreign ministry spokesman on Tuesday described as "fake news" a newspaper report saying that China had sent invitations to European leaders to meet with President Xi Jinping in November in Beijing.

Reuters

Mortgage strikes threaten China’s economic and political stability

Analysis: worsening meltdown in the country’s debt-laden property market is at the heart of a problem that comes at a precarious time for the Communist party

The Guardian - UK

Amid COVID shutdowns, Chinese women flock to skateboarding

Feeling cooped up by the Chinese capital's partial COVID-19 lockdown earlier this year, which shut gyms, parks and other venues, Beijing resident Mina Zhao came across surfskating on social media and decided to give it a try.

Reuters

Thailand Sets 2028 Target To Finish High-speed Rail Link With China

Thailand’s new goal to finish the railway line from Bangkok to the Lao border is feasible but may be more of a political statement, analysts say.

The News Lens

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Reuters

U.S. wants to end dependence on China rare earths

The United States wants to end its "undue dependence" on rare earths, solar panels and other key goods from China to prevent Beijing from cutting off supplies as it has done to other countries, U.S. Treasury Secretary Janet Yellen said.

The Guardian - AU

‘Abusing China’s restraint’: Beijing accuses Australia of provocation at sea

Global Times quotes comments by foreign ministry spokesman Wang Wenbin on military encounters in the South China Sea

Al Jazeera

Pacific islands demand climate action as China, US woo region

Small island nations call for more action on climate change while pledging unity amid growing geopolitical competition.

The Guardian - UK

No longer the most populous, but still China wants to be world number one

Indians will soon outnumber Chinese, threatening Beijing’s sense of superiority

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Reuters

Pacific bloc, united, demands climate action as China, U.S. woo

Pacific island nations, courted by China and the United States, put the superpowers on notice, telling the world's two biggest carbon emitters to take more action on climate change while pledging unity in the face of a growing geopolitical contest.

Bangkok Post

US Navy ship again sails near disputed South China Sea islands

BEIJING: A United States Navy destroyer sailed near the disputed Spratly Islands on Saturday, the US Navy said, its second such "freedom of navigation" operation in a week in the South China Sea.

Tribune News Service

Xi takes defiant victory tour as he closes in on third term

Xi Jinping’s trip to Xinjiang this week was the latest stop in a campaign-style tour that demonstrates the Chinese president’s willingness to defy foreign pressure before he secures a precedent-breaking third term.

The Times of India

China will agree to aid ‘at some point’: Sri Lanka envoy

BEIJING: Sri Lanka is continuing negotiations with China for as much as $4 billion in aid and is confident Beijing will agree “at some point,” according to a top envoy.

Reuters

China hosts political dialogue with Pacific on same day as regional leaders meet

China hosted a separate political dialogue with Pacific island countries on the same day Pacific Island Forum leaders met and agreed to resolve security issues within "the family", highlighting rising geopolitical competition in the region.

WEKU

China's economic growth slows following COVID lockdowns

China's economy contracted in the three months ending in June compared with the previous quarter after Shanghai and other cities shut down to fight coronavirus outbreaks.

ABC News

China was seen as a gold mine for Western tech companies but now they are leaving there empty-handed

US billionaires once believed the "sky would be the limit" when it came to making money in China, however, in recent months, several tech giants — including Amazon's Kindle and Airbnb — have joined a growing exodus from the country.

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