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The Latest Breaking News from China

Bhavani Yadav clinches bronze medal in long jump at World Universities Games in Chengdu-China

Alvas Education Foundation Chairman M. Mohan Alva told reporters in Moodbidri on August 8 that Bhavani Yadav has created history with her victory, and brought laurels not only to the foundation and Mangalore University, but also for the entire country.

The Hindu

Death toll in recent Beijing flooding rises to 33, with 18 still missing

The death toll in recent flooding in China's capital has risen to 33, including five rescuers, and another 18 people remain missing

The Independent UK

China slides into deflation: What is deflation and what are its impacts

China's economy is in trouble. The country has slipped into deflation, with consumer prices contracting for the first time in more than two years. This is a major setback for the Chinese government, which had hoped to achieve a strong economic recovery after the Covid-19 pandemic.

The Times of India

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China slides into deflation as consumer, factory prices drop

BEIJING: China’s consumer and producer prices both declined in July from a year ago, a sign of deflation pressure as demand in the world’s second-largest economy weakens.

The Times of India

US Navy sailor's mom encouraged him to pass military details to China, prosecutor says

A federal prosecutor has told a judge that the mother of a U.S. Navy sailor charged with providing sensitive military information to China encouraged him to cooperate with a Chinese intelligence officer

The Independent UK

US vows to keep Syria's chemical weapons program in UN spotlight over Russian and Chinese opposition

The United States and its allies are vowing to keep Syria’s failure to account for its chemical weapons program in the spotlight at the U.N. Security Council every month despite opposition from Russia and China

The Independent UK

China’s record high 21% youth unemployment could actually be as high as 46.5%. Blame fake jobs and 16 million workers ‘lying flat’

In an attempt to fix misleading unemployment data, China is cracking down on universities that fudge employment numbers for their graduates.

Fortune

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Stock Market Today: Stocks Drop on Troubling China Data, Bank Ratings Worries

The main benchmarks fell Tuesday, but healthcare stocks outperformed as Eli Lilly and Novo Nordisk surged.

Kiplinger

The grammar of commerce in a new age of geopolitics

The prevalent geo-economic scene has also led to further settlements in local currencies

The Hindu

Asian Champions Trophy: Coach Haiqin Weng — at the helm of China’s clinical, hi-tech approach

Chinese team at Asian Champions Trophy in Chennai has been inexperienced but impressive, physically powerful and fighting hard. Coach Haiqin Weng has been an umpire and co-authored research paper on physical demands of sport. He is pushing his team to take every match seriously, as valuable world ranking points are…

The Hindu

Crude Undercut by Concern about Weak Chinese Energy Demand

September WTI crude oil (CLU23 ) this morning is down -0.16 (-0.20%), and Sep RBOB gasoline (RBU23 ) is down -0.37 (-0.13%). Crude oil and gasoline prices this morning are moderately lower. A stronger dollar today is weighing on energy prices. Also, concerns about China's economy are undercutting crude prices...

Barchart

Chinese economy slips into deflation as recovery falters and demand slows

Consumer price inflation data shows prices fell by 0.3% year on year in July

The Guardian - UK

ChatGPT’s rise has China scrambling to catch up in an A.I. arms race that will determine global ‘wealth, power, and influence’

Beijing is battling the U.S. for supremacy in artificial intelligence and the spoils that come with it.

Fortune

Markets Today: Stocks Tumble as Moody’s Cuts Ratings on Regional Banks

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.65%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are down -0.61%. Stock indexes this morning are moderately lower. Weakness in regional bank stocks in pre-market trading is weighing on the overall market after Moody’s Investors Service...

Barchart

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The Hindu

Long before whales, pioneering marine reptile was a filter-feeder

Fossils unearthed in China’s Hubei Province indicate that a curious marine reptile called Hupehsuchus nanchangensis that lived 248 million years ago who was a filter feeder

InsideEVs

Toyota Forms Joint Venture With Pony.ai To Mass Produce Robotaxis In China

Startup Pony.ai already operates around 200 Toyota and Lexus branded self-driving taxis in all four Tier-1 cities that allow driverless cars on public roads in China.

The Week

Niger coup: is this the end of French influence in Africa?

France’s historic influence in West Africa could finally be coming to an end after a succession of coups culminating in last week’s military takeover in Niger.

The Guardian - UK

China-Philippines dispute could escalate into superpower conflict, say analysts

Expert warns of ‘significant escalatory potential’ after Chinese coastguards used water cannon on Philippine boat

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Barchart

Stock Index Futures Plunge as China Trade Data Disappoints, Moody's Downgrades U.S. Banks

September S&P 500 futures (ESU23) are down -0.45%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.49% this morning as fresh worries about China’s economic rebound and the state of U.S. banks weighed on sentiment.

Motor1

2024 BMW 5 Series, i5 Debut In China With Longer Wheelbase, Exclusive Features

The premium sedan gets the 31.1-inch Theater Screen for the rear seats.

InsideEVs

Mercedes-Benz Recalls EQS Sedan In China For Potential Power Loss

The first of the two recalls includes 2,324 EQS all-electric sedans that were imported to China because the electric drive module may deactivate due to a software issue.

Evening Standard

FTSE 100 Live: IHG, Abrdn, Glencore post results, China exports slump, shares lower

The struggling China economy and results from Glencore, Abrdn and hotels group IHG are in focus for London traders today.

Caixin Global

Shanghai Composite Index Fell 0.25% on Tuesday

Shenzhen Component Index closed down 0.42%

The Independent UK

Japanese political leader Taro Aso calls for peace in the Taiwan Strait as Tokyo expands defense

A senior Japanese politician is advocating for increasing his country’s deterrence ability to ensure peace in the region, and called for that message to be clearly conveyed globally — particularly in China

The Guardian - UK

Italy hits banks with windfall tax, sending shares sliding; China’s trade slumps – as it happened

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