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The Latest Breaking News from China

Letters to The Editor — August 30, 2023

Readers’ mail to The Hindu’s Letters to The Editor

The Hindu

Buick Velite 6 Gains 267-Mile Range LFP Battery, Starts At $15,500

Buick launched a new variant of its popular Velite 6 electric compact wagon in China featuring a 50.3-kWh lithium iron phosphate battery and 174-hp front motor.

InsideEVs

Mailbag: Saudi Arabia’s WTA Finals Bid Hangs Over the U.S. Open

Action is underway in New York, but the tennis world is still deciding where to hold the year-end event.

Sports Illustrated

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US commerce secretary says companies see China as ‘uninvestable’

Gina Raimondo is fourth senior US official to visit China in recent months as two countries seek to manage tensions.

Al Jazeera

Data | The problems with the Prime Minister’s economic claims

India to become $5trillion economy soon: PM Modi; however, nominal GDP, exchange rate conversions, and skewed income distribution complicate the narrative. In terms of PPP-based GDP, India is already the 3rd largest economy in the world. To attain a dignified living standard for its people, India needs to augment resource…

The Hindu

Crude Gains on a Weak Dollar and China Stimulus

October WTI crude oil (CLV23 ) this morning is up +0.20 (+0.27%), and Oct RBOB gasoline (RBV23 ) is down -1.25 (-0.49%). Crude oil and gasoline prices this morning are mixed. A weaker dollar today is supportive of energy prices. Also, actions by China to restore confidence in its economy...

Barchart

Vladimir Putin agrees first foreign trip since arrest warrant issued - report

Vladimir Putin has agreed to make his first foreign trip since a warrant for his arrest over alleged war crimes was issued by the International Criminal Court.

Evening Standard

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India lodges ‘strong protest’ with China over new map; ‘absurd claims’, says Minister

The publication of the map was met with outrage by experts on social media, and criticised by the Opposition Congress party. Read more on The Hindu

The Hindu

Chinese migrants believe Australian media fuels hostility towards them, study shows

Reports about China’s ‘influence’ made public more suspicious of Chinese-Australian communities, according to 70% of respondents to UTS survey

The Guardian - AU

Brics: African countries face opportunities and risks in alienating China or the US - an expert weighs in

South Africa recently hosted a Brics summit. The event attracted international attention because the group has recently begun to emerge as a possible rival against US dominance of world affairs. The US and China lie at the heart of this debate. They are the two biggest trading partners of most…

The Conversation

US commerce secretary Gina Raimondo: American firms see China becoming uninvestible

Commerce secretary Gina Raimondo said US companies tell her that China is becoming increasingly “uninvestible” because of growing risks to doing business in the world’s second-biggest economy.

The Times of India

Meta says Chinese, Russian influence operations are among the biggest it's taken down

Facebook's parent company says both operations used fake accounts across social media sites to promote Chinese and Russian interests

WEKU

Markets Today: Stock Slip as Bond Yields Climb Ahead of U.S. Economic News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.13%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.19%. Stock indexes this morning are slightly lower, awaiting news later this morning on July JOLTS job openings, June home prices, and August consumer confidence. Higher...

Barchart

Key questions around James Cleverly’s visit to China

The last UK foreign secretary to visit China was Jeremy Hunt in 2018.

The Independent UK

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The Hindu

No arbitrarily invented map by China can change Arunachal, Aksai Chin as inalienable parts of India: Congress

“China is a habitual offender when it comes to renaming and redrawing maps of territories,” Congress president Mallikarjun Kharge said.

The Week

Cleverly China visit: can UK pull off tricky diplomatic balancing act?

Foreign Secretary James Cleverly visits China on Wednesday hoping to tread a fine diplomatic line between calling out Beijing over human rights abuses and posturing over Taiwan and seeking greater cooperation on economic ties and climate change.

The Independent UK

US given OK to enforce maritime law around Palau as Washington vies with China for Pacific influence

The United States has signed a new agreement with Palau, which gives Coast Guard ships the authorization to unilaterally enforce maritime regulations in the tiny Pacific island nation’s exclusive economic zone

The Guardian - US

Biden is turning away from free trade – and that’s a great thing

Trade deals have brought cheaper goods. They’ve also destroyed millions of US jobs and caused US wages to stagnate

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The Guardian - UK

China continues coal spree despite climate goals

World’s biggest carbon emitter approving equivalent of two new coal plants a week, analysis shows

Barchart

Stock Index Futures Move Higher as Investors Await Key U.S. Economic Data

September S&P 500 futures (ESU23) are up +0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.16% this morning as market participants geared up for a week full of economic data that will contribute to shaping the outlook for Federal Reserve policy.

Barchart

Stock Index Futures Muted as Investors Await Key U.S. Economic Data

September S&P 500 futures (ESU23) are up +0.01%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.02% this morning as market participants geared up for a week full of economic data that will contribute to shaping the outlook for Federal Reserve policy.

The Independent UK

China’s leading state-run newspaper calls on UK to return ‘stolen’ artifacts ahead of James Cleverly visit

‘We formally request the British Museum to return all Chinese cultural relics acquired through improper channels to China free of charge’

The Guardian - UK

Rishi Sunak took helicopter to housebuilding visit where he defended government’s ‘green credentials’ – as it happened

PM flew to Norwich for the event where it was announced the government scrapping of nutrient neutrality rules

The Independent UK

Top Chinese official tells the US commerce secretary he's ready to improve cooperation

The top Chinese official in charge of economic relations with Washington has told Commerce Secretary Gina Raimondo he's ready to “make new positive efforts” to improve cooperation following an agreement to reduce trade tension

Caixin Global

Ex-Provincial Chief, Once In Charge of China’s Medical Reform, Caught in Corruption Probe

Sun Zhigang, former head of the State Council’s office for medical reform, is suspected of ‘serious violations of discipline and law’

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