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The Latest Breaking News from China

‘Substantial volume’ of clothing tied to Uyghur forced labour entering EU, says study

Calls for legislation after dozens of brands identified as being at risk of sourcing materials linked to China’s transfer programmes

The Guardian - UK

Italy officially withdraws from China's Belt and Road project

Italy has withdrawn from China's vast Belt and Road infrastructure initiative, more than four years after becoming the only G7 nation to sign up to the strategy.

Radio France Internationale

Is Tesla (TSLA) an Auto Stock Opportunity in December?

With the launch of its much-anticipated Cybertruck amid slowing China-made EV sales, does Tesla (TSLA) have the potential to be a year-end buy? Let’s look at its financial metrics to know more….

StockNews.com

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Italy to withdraw from China’s belt and road initiative, say sources

Decision of only G7 nation to join project reportedly communicated to Beijing three days ago

The Guardian - UK

China says EU's export policies don't 'make sense'

China said Wednesday European Union export policies towards Beijing do not "make sense", on the eve of a high-level summit in the Chinese capital, that will take place over to days from December 7-8.

Radio France Internationale

Mary Robinson reiterates call for rapid phase-out of fossil fuels

Former Ireland leader issues firm response in row over comments made to her by Cop28 president

The Guardian - UK

Macau, the world's biggest gambling hub, needs a 'completely new perspective', says MGM's Pansy Ho—and she thinks art is the path forward

But the chairperson of MGM China Holdings isn't giving up on gambling: "We want gaming to go up!"

Fortune

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The CEO of McDonald's talks about his AI goals, the 'emotional benefits' of their menu items, and big plans for a China expansion

"There's no reason why China couldn't be our largest market."

Fortune

Nvidia CEO sees Intel and Huawei as 'formidable competitors' in AI chipmaking race

Nvidia's Jensen Huang warns that Huawei and other AI processor developers from China compete against Nvidia worldwide.

Tom’s Hardware

China to Allow Social Security Fund to Buy Domestic Pension Products, Futures

The NSSF can also invest in more types of corporate bonds, according to draft finance ministry regulations

Caixin Global

China Picks New Party Chief for Citic Group

Appointment puts Xi Guohua on track to become the state-owned financial conglomerate’s chairman

Caixin Global

China redefines CPU water cooling with an huge 130,000 ton data center under the sea

A whole new way to warm the oceans.

PC Gamer

Sri Lankan national arrested for defrauding techie in Cuddalore of ₹60 lakh

Cuddalore police arrest Sri Lankan for swindling ₹60 lakh from IT professional via online part-time job offer. Complainant Sampath lured by unidentified person, made payments to bank account. Cyber Crime wing traced last transaction to account holder, arrested Salman Mohammed Farook in Chennai. Kingpin of scam from China. Court remands…

The Hindu

Nicola Sturgeon reveals novel that 'gave her strength' when Covid struck

FORMER first minister Nicola Sturgeon has revealed what novel she was reading at the start of the Covid pandemic that gave her “strength and…

The National (Scotland)

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The Independent UK

Volkswagen-commissioned audit finds no signs of forced labor at plant in China's Xinjiang region

An audit commissioned by Volkswagen has found no indication of forced labor at its plant in China’s Xinjiang region, where Western governments have accused the Chinese government of human rights violations against the Uyghur ethnic minority

Caixin Global

Shanghai Composite Index Fell 0.11% on Wednesday

Shenzhen Component Index closed up 0.66%

The Independent UK

China raises stakes in cyberscam crackdown in Myanmar, though loopholes remain

China has intensified a crackdown on online scams operated in border areas of Myanmar

The Guardian - AU

Taiwan presidential election: opposition in chaos as China looms in background

Voters are faced with a choice of continuity with the ruling DPP or change, with an opposition that favours closer ties with Beijing

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Al Jazeera

Why did China’s state media make a sudden turn towards friendlier US ties?

Control over China’s media narrative seen in swift turn towards US friendship ahead of Biden-Xi meeting at APEC summit.

Barchart

Stocks Settle Mixed as U.S. Job Openings Fall to a 2-1/2 Year Low

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.06%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.24%. Stocks on Tuesday settled mixed. A decline in bond...

Space

China launches remote-sensing satellite for Egypt (video)

China launched a remote-sensing satellite for Egypt late on Sunday (Dec. 3) as space cooperation between the two countries deepens.

Space

China could use a foldable helicopter to collect samples on Mars

A new journal article outlines the design for a quadcopter that could assist China's mission to collect samples from Mars.

Barchart

Dollar Gains on Safe-haven Demand from Chinese Debt and a Weak Euro

The dollar index (DXY00 ) on Tuesday finished up by +0.31% and posted a 1-1/2 week high. The dollar found support Tuesday on increased safe-haven demand after Moody’s Investors Service downgraded China’s credit outlook to negative from stable due to rising debt. Weakness in the euro also supported the dollar...

International Business Times

Argentina Will Not Join BRICS Under Milei, As Libertarian Prepares To Take Office

Argentina's President-elect is expected to withdraw Argentina from a planned expansion of the non-western economic alliance.

The Guardian - UK

Why no concern at prisoners being paid just 50p an hour to work?

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