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The Latest Breaking News from China

Stocks Set to Open Lower as Investors Await U.S. Economic Data and Fed Speak, Chinese Data Disappoints

September S&P 500 futures (ESU23) are down -0.12%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.35% this morning as subdued economic data from China weighed on sentiment, while investors looked ahead to a fresh batch of U.S. economic data and speeches from Fed officials.

Barchart

Despite Xi's decision not to attend G20 in India, China says bilateral ties are 'generally stable'

China is downplaying President Xi Jinping’s decision not to attend this week's Group of 20 summit in New Delhi

The Independent UK

HS Prannoy and Lakshya Sen make first-round exits from China Open

CHANGZHOU: World Championship bronze medallist HS Prannoy made a shock opening-round exit from the China Open Super 1000 badminton tournament after going down in three games to Malaysia's Ng Tze Yong here on Tuesday.

The Times of India

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FTSE 100 Live: Oil price surges past $90 a barrel, shares close in red again, Autumn statement date set

Improved PMI figures helped blue-chip share recover after starting under pressure today following disappointing readings on service sector activity in China and Europe.

Evening Standard

China touts ‘Belt and Road’ to Italy amid growing doubts in Rome

China’s Wang Yi hails ‘thousand-year friendship’ with Italy as Rome weighs exit from infrastructure drive.

Al Jazeera

Shanghai Composite Index Fell 0.71% on Tuesday

Shenzhen Component Index closed down 0.67%

Caixin Global

China touts the benefits of its 'Belt and Road' initiative to Italy, which may end the agreement

China's foreign minister is seeking to sell his Italian counterpart on the benefits of leader Xi Jinping's signature “Belt and Road” initiative of Chinese-built and -funded infrastructure projects, as Rome considers whether to renew the agreement

The Independent UK

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Australian MPs to lobby US to drop Julian Assange prosecution or risk ‘very dangerous’ precedent for Russia and China

Cross-party delegation of Australian politicians to travel to US in attempt to build momentum against extraditing WikiLeaks founder

The Guardian - AU

Stock market today: Asian shares fall back amid selling of China property shares

Shares have slipped in Asia after U.S. markets were closed for the Labor Day holiday

The Independent UK

Solomon Islands MPs demand answers over ‘replica’ guns from China

Opposition leader Matthew Wale accuses police commissioner of misleading citizens after Al Jazeera report.

Al Jazeera

Taiwan's President Tsai begins visit to remaining ally Eswatini in southern Africa

Taiwan’s President Tsai Ing-wen has begun a four-day trip to Eswatini, one of the island’s 13 remaining allies

The Independent UK

China slowdown means it may never overtake US economy, forecast shows

WASHINGTON/BEIJING: China is no longer set to eclipse the US as the world’s biggest economy soon, and it may never consistently pull ahead to claim the top spot as the nation’s confidence slump becomes more entrenched.

The Times of India

India seeks to fill a China-sized gap in global economic growth

NEW DELHI: With China increasingly isolated and the US and its allies seeking a developing-market champion, India is having a moment. But is it ready?

The Times of India

Every country can make a difference – but carbon reductions need to be realistic and fair

This weekend, the world’s major economies will convene in Delhi for the G20 summit. On the table will be the common goal of limiting global temperature rise as climate chaos becomes ever more evident.

The Conversation

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The Guardian - AU

China ‘gifts’ and cost concerns: Pacific Games stir controversy in Solomon Islands

The host nation has attracted criticism over the price tag of November’s event, while an expert labels Chinese funding ‘shrewd diplomacy’

The Guardian - AU

Australia has highest per capita CO2 emissions from coal in G20, analysis finds

Australia used twice as much electricity as China on a per capita basis and 48% of it came from coal plants, thinktank says

Radio France Internationale

Taiwan leader visits last African ally as China boosts influence on continent

On Tuesday, 5 September, Taiwanese President Tsai Ing-wen will visit Eswatini, Taipei's only remaining diplomatic ally in Africa. Meanwhile, Beijing's political influence on the continent continues to grow.

The Independent UK

Biden trolls ‘the last guy’ Trump over jobs, China and pensions in Labor Day speech

‘When the last guy was here, he looked at the world from Park Avenue. I look at it from Scranton, Pennsylvania. I look at it from Claymont, Delaware,’ the president says in the City of Brotherly Love

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Al Jazeera

China will dominate the world of tech, Web Summit’s Cosgrave says

The founder of the tech summit, which will be held in Qatar next year, says the West has lost its lead on tech.

The Independent UK

Pope insists Vatican-China relations are on track but says more work is needed

Pope Francis is insisting that the Vatican's relations with China are going well despite setbacks but says more work is needed to show Beijing that the Catholic Church isn’t beholden to any foreign power

USA Today Sports Media Group

Klay Thompson makes bold claim while touring China

Klay Thompson has a loft goal for the Golden State Warriors next season.

The Guardian - AU

Australia to roll out new south-east Asia trade strategy to hedge against China

Anthony Albanese is expected to announce the new economic blueprint during his trip to the Indonesian capital Jakarta

The Hindu

IAF Western Air Command’s annual exercise gets underway

The annual training exercise, Trishul, of the Indian Air Force’s (IAF) Western Air Command (WAC) began today. It will see activation of all air assets and force multipliers spread across the LOC with Pakistan to the LAC with China

The Guardian - UK

China’s share of Europe’s electric car market accelerates as UK leads sales

Chinese-owned MG’s MG4 is Britain’s bestselling EV after Tesla’s Model Y in first seven months of year

InsideEVs

Tesla Increased China-Made EV Wholesale Sales In August 2023

According to the CPCA's initial data, the overall wholesale vehicle shipments of Tesla Made-in-China (MIC) cars last month amounted to 84,159 units.

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