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The Latest Breaking News from China

EU moves to cut dependency on China for battery and solar panel materials

Parliament votes to cut mining red tape and diversify its supplies of raw materials such as lithium and silicon

The Guardian - UK

False perception that ‘Biden’s too old’ is getting old

Too many Americans have come to believe Biden is in sharp mental decline. But the president is perfectly capable of thinking on his feet, based his performance at a recent press conference in Vietnam.

Chicago Sun-Times

Will Deteriorating Relations With China Push Apple Stock Lower?

After reaching a record high in July 2023, the leading U.S. company, Apple (AAPL), corrected lower. Many analysts are concerned that deteriorating relations between Washington and Beijing will cause an even deeper correction in the company with a multi-trillion-dollar valuation.

Barchart

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Crude Prices Jump on Increased China Stimulus and Strong U.S. Economic News

October WTI crude oil (CLV23 ) this morning is up +1.60 (+1.81%), and Oct RBOB gasoline (RBV23 ) is up +1.85 (+0.68%). Crude oil and gasoline prices this morning are higher, with crude posting a 10-month high and gasoline posting a 2-week high. Crude rallied today on speculation China's economic...

Barchart

Investors Flee Mega-Cap Tech Stocks with China Exposure

The resurgence in geopolitical tensions between China and other countries has prompted some investors to shift their asset allocations away from companies exposed to China. The latest challenges include the Chinese government’s position on Apple (AAPL ) and the news that the European Union was investigating Chinese subsidies for electric...

Barchart

TANUVAS hosts meet on millets at College of Food and Dairy Technology

At a two-day national conference on millets, 500 participants from across the world discussed the health benefits and suitability of millets to climate change. India is the largest producer, followed by Niger and China. The UN declared 2023 as the International Year of Millet and the Indian govt. is promoting…

The Hindu

Kathmandu’s map strategy comes undone as China’s ‘wolf-diplomacy’ opens wounds

Nepal’s Ministry of Foreign Affairs had released a statement asserting that it ‘stands firm and clear on its political and administrative map’

The Hindu

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ED attaches properties belonging to Chinese company in job fraud scam case

ED attaches ₹6.47cr assets in China-linked job fraud case. Investigation revealed Chinese nationals formed companies in India, recruited Indians as directors, translators, HR Managers, Tele callers. They collected money from public in name of investment through app, gave task of liking videos of celebrities & uploading them on social media.…

The Hindu

Markets Today: Stocks Climb on Favorable Chinese and ECB News

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are up +0.31%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.22%. Stock index futures this morning are moderately higher. Stocks found support today after China cut the reserve requirement rate for banks by -25 bp to...

Barchart

China ‘headhunting’ top UK officials as spies, says Sunak – but still rejects calls to label Beijing a threat

Government acknowledges the superpower ‘crosses the line from influence into interference’

The Independent UK

More steps needed to protect against Chinese ‘interference’, Government concedes

Ministers, responding to a report on China by Parliament’s spy agency watchdog, said China has tried to ‘headhunt’ UK political figures.

The Independent UK

China Greenlights First Insurer’s Sales of Perpetual Bonds to Replenish Capital

The approval for Taikang Life could pave the way for other insurance firms to use the instrument to strengthen their balance sheets

Caixin Global

Indian troops defending every inch of border with China, says Ladakh Lieutenant Governor

Indian troops defend every inch of border with China; no land taken over. Infrastructure development in Ladakh (roads, helipads, airfields, tunnels, bridges) to catch up with China in 4-5 yrs. China has nefarious policy to contain, threaten, coerce India. Rahul Gandhi's remarks that China has taken away land false; no…

The Hindu

China promotes economic ‘integration’ with Taiwan while militarily threatening the island

China is promoting new economic opportunities for Taiwanese people while at the same time ramping up military activity around the island it claims as its own

The Independent UK

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Evening Standard

OPINION - This China spy scandal has exposed our state’s rotten core

There is nothing like a walk around parliament to leave you melancholy. The once dynamic British state, which still celebrates itself in these Gothic halls and corridors with countless statues and portraits of Victorian derring-do, is now defined by paralysis. Build our way out of a housing crisis through the…

Caixin Global

China and Venezuela Agree to Upgrade Official Status

President Xi Jinping and Venezuelan leader Nicolas Maduro say they will elevate their countries’ relationship to an ‘all-weather strategic partnership’

Barchart

S&P Futures Climb Ahead of Key U.S. PPI Data, ECB Decision in Focus

September S&P 500 futures (ESU23) are trending up +0.29% this morning after three major U.S. benchmark indices ended the regular session mixed as investors digested the latest U.S. inflation report while also bracing for crucial U.S. PPI data.

The Independent UK

China says EU probe into Chinese electric vehicle exports, subsidies is protectionist

China's Commerce Ministry has protested a decision by the European Union to investigate exports of Chinese electric vehicles, saying it is a protectionist action aimed at distorting the supply chain

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The Independent UK

UK must avoid ‘foghorn diplomacy’ with Beijing after ‘Chinese spy’ arrest, says Dominic Raab

The former foreign secretary said UK-China relations are like walking on wafer-thin ice that could give way at any moment

Caixin Global

China Disputes IPhone Ban Reports

There is no ‘law, regulation or policy document that bans the purchase and use’ of foreign-branded handsets, foreign ministry says

Caixin Global

Shanghai Composite Index Rose 0.11% on Thursday

Shenzhen Component Index closed down 0.57%

Al Jazeera

Taiwan claps back at Elon Musk after China comments

Taiwanese Foreign Minister Joseph Wu says Taiwan is ‘not for sale’ after Musk discusses Beijing’s stance on the island.

The Independent UK

Dominic Raab urges Government to tread carefully after ‘Chinese spy’ arrest

The former foreign secretary said UK-China relations are like walking on wafer-thin ice that could give way at any moment.

Al Jazeera

Taiwan says 68 Chinese warplanes, 10 vessels detected near island

Taiwan suspects China is conducting drills involving the Shandong aircraft carrier but there has been no confirmation.

The Hindu

North Korea set to end years-long sporting isolation at Asian Games

North Korea to end 3-yr isolation, 191 athletes to compete in Asian Games in Hangzhou, China. Kim Jong Un, avid sports fan, is said to be an ally of China, main economic benefactor. NK traditionally strong in weightlifting, punished for doping in sport. 12,200 competitors in total, Games end Oct…

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