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The Latest Breaking News from China

Legendary investor Ray Dalio says China is due a debt shake-up

"China is overdue in doing this, so in my opinion, it needs to follow this beautiful deleveraging process now."

Fortune

Fitch Flags Major Credit Risks Amid Sticky Inflation And High Interest Rates: Bond Market Turmoil Persists

Fitch Ratings emphasizes that the foremost concern for the global credit landscape remains centered on persistently high inflation

Zenger

S&P Futures Tick Lower on China Woes, Fed Concerns

September S&P 500 futures (ESU23) are trending down -0.22% this morning after three major U.S. benchmark indices closed in the red on Thursday as market participants digested another round of resilient economic data that heightened concerns about the possibility of interest rates remaining higher for longer, while worries about China…

Barchart

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US, Japan and South Korea agree on new security pledge ahead of Camp David summit

The United States, Japan and South Korea are set to sign on to a new security pledge

The Independent UK

China confirms Xi will attend economic summit in South Africa followed by state visit

China's Foreign Ministry has confirmed that President Xi Jinping will attend next week's summit of the BRICS nations in Johannesburg, to be followed by a state visit to South Africa

The Independent UK

Taiwan's companies make the world's electronics. Now they want to make weapons

As military tensions with China rise, Taiwan's companies are pivoting from civilian manufacturing to defense and weapons.

WEKU

Tackling climate change: is China laggard or pioneer?

The Hai River basin is “the largest natural drainage system in northern China”, said Channel News Asia (Singapore). It has five rivers flowing into it and it contains the capital, Beijing, as well as the major port city of Tianjin.

The Week

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Shanghai Composite Index Fell 1.0% on Friday

Shenzhen Component Index closed down 1.75%

Caixin Global

Are “poor quality” courses in the U.K. impacting Indian students?

The number of Indian students going to the U.K. for education has been increasing, making Indians the second-largest group of foreign students after China. However, many Indian students have struggled to find jobs or continue their studies in the U.K. after completing their degrees. The trend of students’ visas expiring…

The Hindu

BRICS 2023 summit: Common currency, membership expansion, Ukraine on agenda

South Africa hosts a summit of the BRICS group of nations and others in the Global South next week who are seeking to balance Western dominance of the world order while dealing with their own internal divisions.

The Times of India

Xi Jinping to make state visit to South Africa, attend BRICS summit

Trip will be Xi’s second overseas visit of 2023 and comes as China attempts to expand its geopolitical influence.

Al Jazeera

China's Xi calls for measures to mitigate disastrous flooding amid economic slowdown

Chinese leader Xi Jinping has called for measures to mitigate the effects of this year’s disastrous flooding which has left scores dead and inflicted massive damage on crops, homes and infrastructure, including in and around Beijing

The Independent UK

Debt-ridden China developer Evergrande files for bankruptcy in US

Move will protect property giant’s assets in the United States as it attempts to restructure.

Al Jazeera

Bookings down as China slumps

China's economic troubles are hitting tourism during the Golden Week holiday in October, leading to less bookings, according to tourism operators.

Bangkok Post

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Caixin Global

Weekly Must-Read: How Zhongzhi Became the Latest Chinese Financial Holding Group to Fall

For years, the conglomerate held a reputation as one of the premier private financial holding groups in China, but its problems escalated quickly after the sudden death of its founder, Xie Zhikun, in late 2021

The Conversation

The US navy is still more powerful than China's: more so than the Australian government is letting on

The federal Labor government today used the ALP national conference to address internal dissent over the controversial AUKUS security pact and its plan for acquiring nuclear-powered submarines.

Al Jazeera

UN says N Korea expanding military programmes while people suffer

First discussion of isolated country’s human rights in six years draws anger from Russia and China.

The Guardian - AU

China’s struggling property giant Evergrande files for bankruptcy protection in US

The company’s chapter 15 protection will protect its US assets while it attempts a restructuring deal

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news in one place.

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France 24

US, Japan and S. Korea agree to reinforce economic, security ties at Camp David summit

President Joe Biden and the leaders of Japan and South Korea agreed Friday to expand security and economic ties at a historic summit at the U.S. presidential retreat of Camp David. Their meeting and agreement come at a time that all three countries are on an increasingly tense ledge in…

The Independent UK

China's defense minister promises to boost cooperation with Russian ally Belarus

Chinese Defense Minister Li Shangfu on Thursday visited Belarus and said his country would increase military cooperation with Russia’s neighbor, where Moscow is deploying tactical nuclear weapons

The Guardian - UK

China’s army filmed apparently preparing for conflict in Taiwan strait

Propaganda video shows troops running past anti-landing barricades similar to those that dot Taiwan’s coast

Zenger

US Triumphs As WTO Rules Against China’s Retaliatory Tariffs

China was found to have violated trade agreements by putting taxes on $2.4 billion worth of American goods.

The Guardian - UK

China renews crackdown on corruption in healthcare

At least 177 officials reportedly under investigation amid revival of Xi Jinping’s decade-old anti-corruption drive

Fortune

Top Chinese official calls for increase in ‘propaganda of secrecy’ around energy sector

“We must intensify the propaganda of secrecy...in nuclear energy, petroleum and other energy industries...and actively cultivate a secrecy culture,” NEA director Zhang Jianhua said.

The Conversation

Ukraine recap: bridgehead across the Dnipro river a key objective as Kyiv works to maintain solidarity among allies

Google the words “Ukraine counteroffensive” and the adverb you will most commonly find associated with them is “slowly”. The popular misconception in the months leading up to the launch of Ukraine’s summer push was that, like last autumn’s lightning counter-attacks around Kherson in the south and Kharkiv in the north-east…

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